National Growth Investors Network Announces Company Overview of Panacos Pharma Inc


NEW YORK, Aug. 22, 2005 (PRIMEZONE) -- The National Growth Investors Network announces the company overview of Panacos Pharmaceuticals, Inc. (Nasdaq:PANC) is available.

Panacos, formerly known as V. I. Technologies, Inc. or VITEX, is developing the next generation of anti-infective products through discovery and development of small molecule oral drugs for the treatment of HIV and other major human viral diseases. Panacos' proprietary discovery technologies and lead therapeutic candidate PA-457 focus on novel targets in the virus life cycle, including virus fusion and virus maturation. For more information on Panacos, please visit the web site at: http://www.panacos.com.

About The National Growth Investors Network

NGINetwork.com publishes profiles on up and coming publicly traded Companies. NGINetwork.com is a leader in Internet Destinations for small cap stock information. To feature your company please contact us by email at editor@NGINetwork.com

For more info www.NGINetwork.com

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," "promise," "seeking to," "negotiating to" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.



            

Contact Data