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www.fdanews.com/articles/70834-alliance-and-double-crane-announce-memorandum-of-understanding

Alliance and Double-Crane Announce Memorandum of Understanding

April 7, 2005

Alliance Pharmaceutical, through its subsidiary PFC Therapeutics, and Beijing Double-Crane Pharmaceutical ("Double-Crane"), today announced that they have entered into a Memorandum of Understanding ("MOU") for the development of Oxygent in The People's Republic of China ("PRC"). Pursuant to the MOU, the parties intend to negotiate a final license agreement whereby Double-Crane will be granted the right to develop and commercialize Oxygent in the PRC.

BioSpace (http://www.biospace.com/news_story.cfm?StoryID=19613620&full=1)