Regulation & Compliance: Abviva Hires Auditor
June 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Abviva, Inc. (OTC: ABVV), a biomedical firm, said it has appointed W.T. Uniack & Co. as its independent auditor. In a statement, Abviva said it is, “working hard” to regain compliance and that hiring W.T. Uniak this is the next step. Uniack will perform the audit for the fiscal years 2008 and 2009. Barrett Evans, CEO of Abviva, said, "We look forward to building shareholder value by completing these audits and becoming fully OTCBB compliant.”
California-based Abviva is engaged in the development and commercialization of breast cancer related applications of Mammastatin, a growth inhibitory protein discovered at the University of Michigan Cancer Center.
Abviva said that the discovery was developed into a simple breast cancer diagnostic blood test that demonstrated healthy women have high or normal levels of the protein and women with breast cancer have no detectable or very low levels of the protein.
Abviva plans to commercialize the Mammastatin Serum Assay as a reference test through its wholly owned subsidiary laboratory under CLIA certification.
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