ST. LOUIS, June 22 /PRNewswire-FirstCall/ -- GenoMed Inc. ("the Company" or "GenoMed") announced today that its CEO, David Moskowitz MD, was invited to speak yesterday on lowering healthcare costs before the AFL-CIO Healthcare Taskforce at AFL-CIO headquarters in Washington, D.C.
Said Dr. Moskowitz, "Rising healthcare costs has been the number one labor issue for several years. It's possible that GM could reverse its recently announced layoffs if it found a way to lower its healthcare bill. Fortunately, GenoMed's cutting-edge medicine and cheaper drugs can save 10% of healthcare costs immediately and for years to come."
Added Dr. Moskowitz, "This message, I hope, will also be heard by our nation's fifty state Medicaid programs, which are all in the same boat. The solution some states have taken, like Tennessee and my own state of Missouri, is to simply disenroll hundreds of thousands of Medicaid recipients in order to make ends meet. Rather than cutting these people loose to die, I hope state legislators can follow the AFL-CIO's lead and learn about other options to save money. Clearly, we as a society can no longer afford to ignore 21st century preventive molecular medicine."
About GenoMed
GenoMed, Inc. is a Next Generation DM(TM) company whose mission is to improve patient outcomes by identifying the molecular pathways that cause disease. Disease Management (DM) is the only business in healthcare which profits by lowering healthcare costs. GenoMed uses clinical genomics to keep patients healthier and out of the hospital. A St. Louis Business Journal article (http://www.stlouis.bizjournals.com/stlouis/stories/2002/05/13/story8.html) first reported that GenoMed applied for patents based on its finding that the ACE gene is a "master" disease gene.
Safe Harbor Statement
This press release contains forward looking statements, including those statements pertaining to GenoMed, Inc.'s (the Company's) treatments. The words or phrases "ought to," "should," "may," or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward looking statements as a result of a number of risks and uncertainties, including but not limited to: (a) whether ACE is the major aging gene; (b) whether we will have sufficient financing to conduct our research and development; and (c) our research and development being subject to other economic, regulatory, governmental, and technological factors. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Unless otherwise required by applicable law, we specifically disclaim any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
GenoMed Inc.CONTACT: David Moskowitz MD of GenoMed, Inc., +1-314-983-9933,dwmoskowitz@genomed.com
Web site: http://www.genomedics.com//