Hollis-Eden Pharmaceuticals Inc. (Jobs) Says Government Cancels Request for Contract; Bush Administration Rejects Development of Radiation Drug

SAN DIEGO--(BUSINESS WIRE)--Hollis-Eden Pharmaceuticals, Inc. (NASDAQ:HEPH) today announced that it was informed late Wednesday, March 07, 2007, by the Department of Health & Human Services (HHS) that NEUMUNE®, the Company’s product candidate for the treatment of Acute Radiation Syndrome (ARS) was found technically unacceptable and was no longer in the competitive range for the Request for Proposal (RFP) No. DHHS-ORDC-DDA-05-12 entitled, “Medical Countermeasures to Mitigate or Treat Neutropenia Alone or in Combination with Co-Morbidities Associated with Acute Radiation Syndrome (ARS).” No other rationale was provided. Further, Hollis-Eden was notified that HHS had cancelled the solicitation in its entirety.

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