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Cancer Therapeutics to Acquire Minority Ownership Share of NanoTherapies

Published on May 22, 2009 at 7:34 PM

Cancer Therapeutics, Inc. (OTCBB: CTHP), a biotechnology business incubator, with a specific emphasis on disruptive treatments and nanotechnology, announced today it anticipates a definitive agreement to acquire a minority ownership share of NanoTherapies, LLC will be finalized by the end of this month. The acquisition of a 25% stake in NanoTherapies will be the first acquisition completed by Cancer Therapeutics.

NanoTherapies develops life-changing therapies for cancer treatment based on an evolving set of intellectual properties and patents derived from the exploitation of calcium phosphate nanoparticles for therapeutic and diagnostic applications.

Cancer Therapeutics, Inc., an emerging biotechnology business incubator with a specific emphasis on disruptive cancer treatments and nanotechnology. It seeks out disruptive cancer research and technology opportunities to invest in, develop, and commercialize. The end result will be therapies, treatments, and pharmaceuticals targeted at more efficiently and effectively attacking cancer. CTI seeks partners to co-develop drugs in various stages in our pipeline.

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