As filed with the Securities and Exchange Commission

on December 20, 2011

Registration No.333-176329

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMMENDMENT NO. 4
TO
FORM S-1
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933

CARDIGANT MEDICAL INC.
(Exact name of registrant as specified in its charter)

Delaware 2836 26-4731758
(State or other jurisdiction of Standard Industrial (I.R.S. Employer
Incorporation or organization) Classification Code Number Identification
Number

Cardigant Medical Inc.
1500 Rosecrans Avenue, Suite 500
Manhattan Beach, CA 90266
Office: (310) 421-8654
Fax: (310) 356-7226

(Address, including zip code, and telephone number, including area code,
of registrant's principal executive offices)

Kelly Magaw
Delaware Intercorp, Inc.
113 Barksdale Professional Center
Newark, DE 19711

(Name, address, including zip code, and telephone number, including area
code, of agent for service)

Approximate date of commencement of proposed sale to the public: As soon as
practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act
of 1933, check the following box _

If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering _

If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities
Act registration statement number of the earlier effective registration
statement for the same offering _

If this Form is a post-effective amendment filed pursuant to Rule 462(d)
under the Securities Act, check the following box and list the Securities
Act registration number of the earlier effective registration statement for
the same offering _

CALCULATION OF REGISTRATION FEE

Title of Amount of Proposed Proposed Registration
each class shares to be maximum maximum fee
of shares registered offering aggregate
price per price per
share share
Common Stock,
$0.001 par value 2,500,000 $1.05 $2,625,000 $304.76

Indicate by check mark whether the registrant is a large accelerated filer,
an accelerated filer, a non-accelerated filer,
or a smaller reporting company.

See the definitions of large accelerated filer,accelerated filer and smaller
reporting company in Rule 12b-2 under the Securities Exchange Act of 1934.
(Check one):

Large Accelerated Filer _ Accelerated Filer _
Non-accelerated Filer _

Smaller Reporting Company X

The offering price with respect to shares has been estimated solely for the
purpose of calculating the registration fee pursuant to Rule 457(C). This
price is not an indication of value nor has it been established by any
recognized methodology for deriving the value of the Shares.

The registrant hereby amends this registration statement on such date or
dates as may be necessary to delay its effective date until the registrant
shall file a further amendment which specifically states that this registration
statement shall thereafter become effective in accordance with section 8(a) of
the Securities Act of 1933 or until the registration statement shall become
effective on such date as the Commission acting pursuant to said section 8(a),
may determine.
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<Page>

PROSPECTUS

2,500,000 shares
Common Stock
$1.05 per share

PRELIMINARY PROSPECTUS SUBJECT TO COMPLETION

The information in this prospectus is not complete and may be changed.
This prospectus is not an offer to sell these securities and it is not
soliciting an offer to buy these securities in any State where the offer or
sale is not permitted. Neither the SEC nor any State Securities Commission has
approved or disapproved of these securities or determined if this prospectus
is accurate or complete. Any representation to the contrary is a criminal
offense.

CARDIGANT MEDICAL INC.

SHARES OF COMMON STOCK TO BE SOLD BY THE COMPANY AND THE SELLING STOCKHOLDERS

The (1) selling shareholders named in this prospectus and (2) the company
directly are offering up to 2,500,000 shares of the common stock of Cardigant
Medical Inc., a Delaware corporation, par value $0.001 per share at $1.05 per
share ("Shares").

This prospectus relates to the sale of up to 2,500,000 shares of our common
stock, $0.001 par value per share which consists of 300,000 shares offered by
our selling security holders and 2,200,000 shares offered by the company. The
shares offered by the selling security holders may be offered for sale from
time to time by the selling security holders identified in this prospectus. We
will not receive any proceeds from stock sold by the selling shareholders.
There is currently no market for our shares, therefore, the selling
shareholders will have to sell their shares at a fixed price of $1.05 per
share until such time as a market develops, if one develops at all. This is
being conducted on a best efforts basis by the company. We have not utilized
an underwriter for this transaction, as such, it is unlikely that we will be
able to sell all or any of the shares we are offering. Our company management
will be responsible for the sale of our shares and will not be compensated for
any sales that may arise. We will keep this prospectus open for a period of 12
months but retain the right to terminate the offering at any time sooner. The
shares offered by the company or sold by the selling shareholders will be sold
at $1.05 until the offering is closed.

WE ARE A DEVELOPMENT STAGE COMPANY WITH NO REVENUES. IT IS HIGHLY UNLIKELY THAT
WE WILL HAVE ANY REVENUES FOR SEVERAL YEARS. READERS ARE STRONGLY URGED TO READ
THE "RISK FACTORS" SECTION OF THIS PROSPECTUS.

Investing in our common stock involves significant risks. See "Risk Factors"
beginning on page 11.

The date of this prospectus is December 20, 2011.

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TABLE OF CONTENTS

Prospectus Summary Page 4

Summary Financial Data Page 10

Use of Proceeds Page 10

Price Range of Common Stock Page 10

Risk Factors Page 11

Determination of Offering Price Page 21

Selling Shareholders Page 22

Dividend Policy Page 24

Capitalization Page 24

Dilution Page 24

Management's Discussion and Analysis Page 24

Quantitative and Qualitative Disclosures
about Market Risk Page 31

Stock Option Plan Page 32

Description of Our Business Page 32

Directors and Executive Officers Page 38

Executive Compensation Page 39

Experts Page 39

Where You Can Find Additional Information Page 39

Disclosure Controls and Procedures Page 40

Index to Financial Statements Page 40

(F-Pages)
Report of Independent Registered Public Accounting Firm

Audited Financial Statements
for the Years Ending December 31, 2010 and 2009.

Unaudited Financial Statements
for the Period Ending September 30, 2011 and 2010.

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You should rely only on the information contained in this prospectus
and any filed supplements to this prospectus. We have not authorized any
other person to provide you with additional or different information. If
anyone provides you with additional or different information, you should
not rely on it. Offers or sales of these securities may not be made in any
jurisdiction where offers or sales are not permitted. You should assume
that the information appearing in this prospectus is accurate as of the date
on the front cover of this prospectus only. Our business, financial condition,
results of operations and other information may have changed materially since
that date.

PROSPECTUS SUMMARY

The items in the following summary are described in more detail later in this
prospectus. This summary does not contain all of the information you should
consider. Before investing in our common stock, you should read the entire
prospectus carefully, including the "Risk Factors" beginning on page 11 and
the financial statements and related notes beginning on page F-1. Unless the
context indicates otherwise, as used in this prospectus, the terms "Cardigant,
"our company," "we," "us" and "our" refer to Cardigant Medical, Inc.

Description of Business & Overview
Cardigant Medical Inc. was founded in April 2009 as a Delaware corporation.
We are a development stage biotechnology company headquartered in the greater
Los Angeles, CA area. We are focused on the use of biologics and
combination biologics and devices for the treatment of acute coronary syndromes
("ACS") and aortic valve stenosis ("AVS"). We have a very limited
operating history, but were formed to merge certain expertise in drug delivery
devices with high density lipoprotein based compounds. Our primary focus is on
treating atherosclerosis and plaque stabilization in both the coronary and
peripheral vasculature as well as stenosis of the aortic valve using systemic
delivery of large molecule therapeutics based on high density lipoprotein
("HDL") targets. Our secondary focus is on the use of targeted local delivery
to reduce systemic exposure and drug dosage. We are evaluating proteins based
on the Apolipoprotein A-I ("Apoa-1") structure found in HDL to address our
primary focus. We are looking at both the naturally occurring sequence of
apao-1 as well as naturally occurring and one synthetically modified sequence.
Our synthetically modified compound is known internally as CMI-121 and was
largely developed by the inventor Dr. Kyung-hyun Cho from Yeungnam University
in Korea. We entered into an Option and License Agreement with Yeungnam
University to acquire the rights to continue development of this compound.
The Option was exercised in June 0f 2011 to allow us to further evaluate
whether we will advance this compound. There is no penalty if we choose not to
advance this compound clinically. However, we are still evaluating the
relative efficacy of this synthetically modified protein sequence versus other
non patented sequences to determine which product candidate we will advance to
the clinic.

We are utilizing proprietary delivery catheters for targeted local delivery to
achieve our secondary focus. Our lead drug product will be based on the apao-1
protein. Circulating Apoa-1 is a protein that in humans is encoded by the
Apoa-1 gene. It has a specific role in the metabolism of lipids. Naturally
occurring Apoa-1 is the major protein component of HDL also known as the good
cholesterol. The Apoa-1 protein constitutes roughly 70% of the HDL particle
composition. Circulating plasma levels of HDL have been shown to be inversely
correlated with coronary artery disease.

Our work has focused on the evaluation of various mutations of the genetic
sequence of the Apoa-1 protein versus the naturally occurring sequence, the
design and development of various drug delivery technologies and the
optimization of drug and delivery formulations. We have pre-clinically
evaluated various mutations of the Apoa-1 protein against the naturally
occurring sequence as well as delivery methods to treat simulated stable and
unstable plaque lesions. The output of our work and previous academic work is
an optimized drug formulation designed to address the acute coronary syndrome
patient. Our recent and ongoing work is in finalizing the protein sequence of
our drug formulation and the preparation for a regulatory filing with the FDA
to evaluate the safety of our product candidate in humans.
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Disease State Overview
Cardiovascular disease consists of a broad group of diseases of the heart and
blood vessels. One of the most common cardiovascular diseases stems from the
progression of atherosclerosis. Atherosclerosis results from the
accumulation of fat and cholesterol in the artery wall, leading to plaque that
can cause narrowing and hardening of the arteries, eventually resulting in a
loss of elasticity and function. The process of atherosclerosis can lead to a
complete blockage or a rupture of the plaque causing a heart attack and or
stroke. Sixty eighty percent of all heart attacks are caused by a ruptured
plaque lesion with 935 thousand new and recurrent heart attacks in the US each
year (2009 American Heart Association Statistics). Unfortunately most
vulnerable plaque lesions are asymptomatic as the plaque buildup occurs within
the arterial wall and does not always substantially protrude into the vessel
causing any ischemic symptoms. As such intravascular diagnostic techniques such
as angiograms are often unable to detect a vulnerable plaque lesion. Upon
rupture of a plaque lesion, the arterial wall empties its lipid rich pool into
the blood stream where it can either cause a clot further downstream or simply
remain adjacent to the rupture site where it is eventually attacked by the body
causing a clot and complete or partial blockage. It has been established over
the course of scientific research spanning the last few decades that the risk
of cardiovascular disease can be reduced with proper cholesterol management.
Cholesterol is actually required for normal cell function and overall health.
Our bodies obtain cholesterol both through the foods we eat and by
manufacturing cholesterol inside some of our cells and organs. Cholesterol
either remains within the cell or is transported by the blood to various
organs. The major carriers for cholesterol in the blood are known as
lipoproteins, which are particles composed of fat and protein, including low
density lipoprotein ("LDL") and HDL. LDL delivers cholesterol to organs where
it can be used to produce hormones, maintain healthy cells or be transformed
into natural products that assist in the digestion of other lipids. HDL removes
excess cholesterol from arteries and tissues to transport it back to the liver
for elimination known as reverse cholesterol transport. In a healthy human
body, there is a balance between the delivery and removal of cholesterol from
the blood. Over time, however, an imbalance can occur in which there is too
much cholesterol delivery by LDL and too little cholesterol removal by HDL.
When people have a high level of LDL cholesterol and a low level of HDL
cholesterol, there is more cholesterol being deposited in the arterial walls
than being removed. This imbalance can contribute to cardiovascular disease.
The current treatments for high cholesterol levels primarily focus on the
reduction of LDL. While many widely prescribed LDL treatments such as statins
effectively slow the buildup of dangerous atherosclerotic plaque, they may do
little to reduce existing plaque. Statin drugs can also have a broad spectrum
of potential side effects including liver toxicity. Other treatments have
focused on the management of HDL. The net effect of increasing HDL may be an
increase in the transport of cholesterol that leads to lower total body
cholesterol and a reduced risk of cardiovascular disease. In the acute coronary
syndrome patient, the patient can present with unstable angina or a myocardial
infarction otherwise known as a heart attack. While most heart attacks are
caused by a ruptured plaque lesion caused by an over accumulation of plaque
in the artery wall, this over accumulation can also be problematic in the
aftermath of an acute ischemic event such as a heart attack. When a heart
attack occurs, a region of the heart muscle is deprived of blood flow and
thereby oxygen. Often the treatment is the use of thrombolytics to break up
the clot or angioplasty and or stenting to open the restricted blood vessel.
In response to the transient ischemia and the subsequent reperfusion of oxygen
rich blood, the body responds in a cascade of events. These events include the
activation of the complement system and the up and down regulation of acute
phase proteins. The net result of this ischemia induced response is often
the release of granulocyte neutrophils, macrophages and pro-inflammatory
cytokines. These pro-inflammatory molecules often infiltrate adjacent coronary
sites and can be responsible for the conversion from stable to unstable of
additional blood vessel lesions. As a result, there is a high propensity for
repeat infarcts and elevated mortality within the subsequent six month time
period. Because of this additional risk, we believe there is a strong need for
a drug candidate that can effectively stabilize these plaque lesions in the
aftermath of an acute ischemic event.

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Apoa-1 Overview
Wild type Apoa-1 is a protein that in humans is encoded by the Apoa-1 gene.
Its primary sequence is a 243 amino acid protein which has a highly specific
role in the excretion and metabolism of lipids. The Apoa-1 protein tertiary
sequence is largely a repeating alpha helical structure with specific binding
domains. Apoa-1 is the major protein component of HDL in plasma . The protein
comprises approximately 70% of the total protein content of HDL particles and
promotes cholesterol efflux from peripheral tissues to the liver for excretion
in a process known as reverse cholesterol transport ("RCT"). The exact method
of activation of the RCT process is still being evaluated, but it is known that
Apoa-1 has a specific interaction with the enzyme Lecithin Cholesterol
Acyltransferase ("LCAT"). LCAT is a major enzyme involved in the esterification
of free cholesterol present in circulating plasma lipoproteins and as such is
a major determinant of plasma HDL concentration. It is believed that the enzyme
is responsible for the conversion from a discoidal to spherical HDL particle
which can then take on cholesterol . Apoa-1 is a modulator of this interaction.
It has been shown that the Apoa-1 protein has strong anti-oxidant properties
as well. This is important as the oxidation of HDL particularly in the
pro-inflammatory environment of the acute coronary patient has been shown to
convert HDL from anti-inflammatory to pro-inflammatory. We believe that an
Apoa-1 mutation that exhibits higher anti-oxidant capacity will be a stronger
target than naturally occurring wild type Apoa-1. We have evaluated in animal
models our Apoa-1 mutation against the naturally occurring wild type sequence
and found it to possess stronger anti-oxidant properties.

Our Primary Product Candidate
The difference between our lead product candidate and our secondary product
candidates will be the route of delivery. Our lead product candidate will be
delivered via a systemic route given as a single or series of intravenous
infusions. The systemic route of delivery is typically given intravenously and
is so named as it will travel to all vascularized tissues in the body. We
believe this provides the most direct regulatory path to establish a safety
and efficacy profile of our drug. The drug formulation has been determined and
is based on the apoa-1 protein. The specific sequence of the apao-1 proetin is
still being determined the decision which will be based on relative efficacy,
ability to protect, minimal royalty costs and available production methods.
The efficacy evaluations include in vitro drug screening using functional test
that mimic human biologic processes such as the relative ability to remove
cholesterol from cells and tissues as well as in vivo studies where we
evaluate the ability of a drug product to perform a biologic function in a
normal or diseased animal model better than, equal to or inferior to a
positive control.

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Secondary Product Candidates
The differentiating factor between our primary product candidate and our
secondary candidate is the route of delivery. Our secondary product candidates
will likely be based on the same drug formulation as our lead product but will
adminstered via a catheter based delivery system to a local area of disease.
We have also designed and developed delivery technology and conducted
animal studies on the effectiveness of targeted local delivery of various
Apoa-1 formulations utilizing two of our proprietary delivery devices.
Targeted local delivery consists of delivery a therapeutic as close
to the treatment area as is possible with an attempt to administer a lower
dose and realize only local tissue effects. We believe the local delivery of
our drug compound may have increased benefits over systemic administration in
certain clinical settings. Additionally we believe that targeted local delivery
may provide an enhanced safety profile and reduce product costs due to reduced
drug dosing. We have evaluated targeted delivery to the perivascular regions
of the peripheral vasculature and to the isolated aortic valve and have
studied the effectiveness of lower dose responses. We believe that our drug
compound delivered locally in combination with our proprietary delivery
catheters may provide enhanced clinical outcomes and be readily adopted as an
adjunctive administration to commonly performed percutaneous interventions.

Our Business Strategy
Our goal is to establish clinical proof of concept for our drug product and
then selectively pursue strategic collaborations for the commercialization for
our product candidates. We also expect to seek partners in selective regions
to help shoulder some of the financial and development burden for the global
clinical development of drug compound. Our motivation for doing this is to
reduce the amount of capital necessary to be raised, reduce potential
shareholder dilution and increase speed through the clinical trial process.
While we recognize that multiple disease segments can be potentially treated
with our technology, we would like to remain focused on establishing proof of
concept and continuing clinical trials for the acute coronary syndrome patient
and those suffering from moderate aortic valve stenosis. We believe these two
indications provide the best chance of success and adequate return on
investment for our shareholders.

We currently have a small lab space where we conduct in vitro experiments and
produce products for our pre-clinical studies, however, this lab space is not
sufficient to produce clinical grade of our drug candidate or material that can
be used for US FDA toxicology studies. The US FDA requires that material
created for the purpose of conducting animal studies designed to establish the
safety of a therapeutic must be produced under the standards known as Good
Laboratory Practices "GLP". This requires a comprehensive set of documented
procedures and validated test methods. Our laboratory is not considered a GLP
facility. There are several contract labs that are certified as GLP labs that
we can contract with to produce our materials. We do not currently have any
contractual commitments with any lab to perform this work, but are currently
initiating discussions with some labs to establish this relationship. We
currently outsource our in vivo studies to contract research organizations
and plan to continue outsourcing most of our in vivo work. These labs have
included Covance, Synecor LLC, Comparative Biosciences Inc, Aragen Biosciences
and Gateway Medical. We currently do not have any open contracts with any
contract research organizations. We make decisions on which contract research
organization to contract with on a study by study basis taking into account
factors such as lead time, particular experience with an animal model and cost
among other factors. Additionally we need to establish production for our drug
candidate conducted within FDA regulated facilities operating under Good
Manufacturing Practices "GMP". GMP consists of a set of documented
processes and procedures where products are manufactured under highly
controlled and traceable environments. We plan to contract for this
work. We believe this allows us to better control costs and manage the risk
associated with a changing regulatory environment. We have basic processes
covering the manufacture of our drug candidate in pilot scale quantities and
will likely need to spend considerable efforts scaling up this process and
transferring it to a 3rd party contract manufacturer. GMP material is not
required for all animal studies, but is required for any human studies. We do
not currently have any contractual arrangements with any GMP manufacturer for
any of our products.

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RISKS RELATED TO OUR BUSINESS
Our business and our ability to realize the potential advantages of our
technology are subject to a number of risks which should be considered before
making an investment decision. These risks are discussed more fully in the
"Risk Factors" section located on page 11 of this prospectus following this
prospectus summary. Some of the more substantial risks that should be taken
into account when considering an investment in our shares include but are
not limited to the following:

We have a very limited operating history.

We have incurred losses since our inception in April of 2009 and we expect to
continue to incur substantial losses for the foreseeable future.

We may never achieve or maintain profitability.

We are currently understaffed. While we are recruiting for key
technical positions, we may be unable to fill these positions or retain the
talent and relationships we currently have.

Our current financial position includes a lack of capitalization necessary
to execute on our business plan. This requires that we raise additional funds.
This will result in dilution to shareholders, and we may be unable to raise
any additional capital or raise capital on attractive terms. Our ability to
continue our research and conduct clinical trials also involves a significant
amount of capital of which we may not be able to raise in sufficient quantity
and of which we do not currently possess. The manufacturing of our drug
candidate is expensive and difficult as it is a biologic. We may be unable to
establish a scalable process that is either cost effective and or in sufficient
commercial or clinical quantities. Additionally We may be unable to compete
with better capitalized and or technically managed companies targeting similar
diseases using similar technological approaches.

The nature of our business and technology is highly complex and our lead
product candidate simply may not work for its intended clinical application.

The eventual sale of our drug candidate will be subject to numerous regulatory
challenges imposed by the FDA and regulatory bodies in other countries. We may
be unable to comply with these regulations and gain approval for the sale of
our drug candidate in any region of the world.

There is currently no market for the trading of our shares and there is no
guarantee that one will develop or at what prices and volume.

There is no minimum amount of shares that are required to be sold by the
company. This means that while the company may sell some shares, it may not
receive adequate funds to execute its business plan or continue its operations.

This is a self-underwritten deal conducted on a best efforts basis. This
means that there has not been and will not be any independent underwriters
due diligence conducted on the company, its management, its business plan,
the market in which it hopes to operate in, the pricing of the offering or
confirmation of the accuracy of disclosures contained herein.

The company's Chief Executive Officer also fills the role of Chief Financial
Officer, Chief Accounting Officer and sole corporate director. This prohibits
any segregation of duties and creates potential conflicts of interests that
normally would be managed by individuals filling those positions uniquely.

Corporate Information
We were incorporated in Delaware in April 2009. Our principal executive office
is located at 1500 Rosecrans Avenue, Suite 500, Manhattan Beach, CA 90266. We
have laboratory space in Pasadena, CA. Our telephone number is (310) 421-8654.
Our website address is www.cardigant.com. Information contained in, or
accessible through, our website does not constitute a part of, and is not
incorporated into, this prospectus. Our fiscal year end is December 31.

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Special Note Regarding Forward-Looking Statements
The SEC encourages companies to disclose forward-looking information so that
investors can better understand a company's future prospects and make informed
investment decisions. We make these types of statements directly in this
prospectus. Words such as "anticipates," "estimates," "expects," "projects,"
"intends," "plans," "believes" and words or terms of similar substance used in
connection with any discussion of future operating results or financial
performance identify forward-looking statements.

All forward-looking statements reflect our present expectation of future events
and are subject to a number of important factors and uncertainties that could
cause actual results to differ materially from those described in the
forward-looking statements. The factors listed in the "Risk Factors" section
below, as well as any cautionary language in this prospectus, provide examples
of these risks and uncertainties. You are cautioned not to place undue reliance
on the forward-looking statements, which speak only as of the date of this
prospectus. We are under no obligation, and expressly disclaim any obligation,
to update or alter any forward-looking statements, whether as a result of new
information, future events or otherwise, subject to our obligations under
federal securities laws.

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SUMMARY FINANCIAL DATA
You should read the following summary financial data together with
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" and our audited financial statements for the year ended December
31, 2010 and the unaudited period ending September 30, 2011 and accompanying
notes included later in this prospectus. The selected financial data in this
section is not intended to replace our financial statements and the
accompanying notes.

Summary Financial Data

For the Year Ended From Date of Inception For the Nine
(April 17, 2009 to Months Ended

12/31/2010 12/31/2009 9/30/2011

Revenue $0 $0 $0

Research & Development $149,881 $120,386 $128,975
Selling, General & Administrative $39,761 $57,227 $46,253
Total Operating Expenses $189,642 $177,613 $175,228
Other Income (Grant Revenue) $60,200 $0 $110,550
Net Income (Loss) $(131,473) $(178,174) $(65,524)
Net (Loss) per Basic Share $(0.01) N/A $(0.01)
Basic Shares Outstanding 11,149,750 1,500 11,227,900

Balance Sheet Data
Cash & Cash Equivalents $57,831 $11,308 $38,191
Total Assets $59,730 $11,308 $93,865
Total Current Liabilities $289,726 $189,480 $373,754

USE OF PROCEEDS
The selling security holders may offer and sell the shares of common stock
covered by this prospectus from time to time at prices they determine.
We will not receive any of the proceeds from the sale of shares of our common
stock by the selling shareholders. For the sale of stock offered by the
Company, we will use these funds for general working capital including but not
limited to the continued development of our drug compound, the recruitment of
additional technical personnel and the preparation of our regulatory filing
for a clinical trial of our drug candidate in the US. The following table
provides an estimate of how the proceeds would be used from selling all or
part of the offered shares:

Estimated Use of Proceeds

Net Cash Received R&D Expenses SG&A Expenses Balance(Deficit)
at 18 months

100% of Proceeds $2,039,500 $700,000 $500,000 $839,500
75% of Proceeds $1,524,300 $700,000 $500,000 $324,300
50% of Proceeds $1,008,000 $425,000 $375,000 $208,000
25% of Proceeds $493,000 $150,000 $375,000 ($32,000)
<FN>
<F1>
SG&A includes some employee related R&D costs
</FN>

We anticipate that it will cost us $1,335,000 to get us to be in a position
to file for an IND with a regulatory body. While this is subject to change,
it is estimated at $625 thousand of employee and facility related costs,
$385 thousand for contract formulation development and GMP scale biologic
production for conducting pre-clinical safety studies and $325 thousand for
conducting pre-clinical efficacy development studies including dosing
concentration and repeat administration optimization.

PRICE RANGE OF COMMON STOCK
There is no established public trading market for our common stock in the
United States or in any other country.

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RISK FACTORS
Investing in our common stock involves a high degree of risk. You should
carefully consider the risks described below, as well as the other information
included in this prospectus, before you decide to purchase shares of our
common stock. If any of the following risks actually occurs, they may harm our
business, prospects, financial condition and operating results. As a result,
the trading price of our common stock if a market develops could decline and
you could lose part or all of your investment.

RISKS RELATED TO OUR BUSINESS
We have extremely limited operating history.

We have incurred losses since our inception in April 2009 and will continue to
incur losses until we receive a product approval. Even if we are able to
receive product approval, we may be unable to become or maintain profitability.
Most of our activities since our inception have focused on organization,
startup and securing appropriate rights to our product. We have not completed
development of our product candidate necessary to initiate a phase I study in
the US. Because of the numerous risks associated with drug development, we
are unable to predict whether our development efforts will be successful.
Additionally, we are lacking a strong development infrastructure that will be
required for successfully executing on a complex technology development
program.

We expect to continue to incur significant operating expenses and anticipate
that our expenses and losses will increase in the foreseeable future
as we seek to:

- complete our pre-clinical testing in preparation for a regulatory
submission for a First in Man study;

- initiate our US First in Man study;

- hire additional key clinical and scientific personnel;

- complete validation of our product manufacturing;

- scale up our manufacturing for clinical quantities and GMP production;

- maintain, expand and defend our intellectual property portfolio;

- hire financial and accounting personnel as well as augment our internal
control policies and procedures required for expanding our operations and
our status as a public company.

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To become and remain profitable, we must succeed in developing and eventually
commercializing our product with significant market potential. This will
require us to be successful in a range of challenging activities, including
successfully completing preclinical and in vitro testing and clinical trials
of our product candidate, obtaining regulatory approvals, manufacturing
validation and establishing sufficient sales and marketing infrastructure.
Our failure to become and remain profitable would depress the market price
of our common stock and could impair our ability to raise capital, expand
our business or continue our operations. A decline in the market price of
our common stock could also cause a loss of all or part of any investment
in our common stock.

We will need substantial additional funding and may be unable to raise
capital when needed, which would force us to delay, reduce or eliminate our
product development programs or commercialization efforts.

We are a development stage company and have no commercial products. Our
product candidate is still being developed and will require significant
additional pre-clinical, in vitro and clinical development and additional
investment before it can be commercialized. We anticipate that our most
advanced product candidate, CMI-121, will not be commercially available
for several years, if it becomes available at all.

Our research and development expenses will continue to increase in connection
with our ongoing activities. If we are unable to raise additional funding
as needed or on attractive terms, we would be forced to delay, reduce or
abandon our development and commercialization efforts.

We anticipate that it will cost us $1,335,000 to get us to be in a position
to file for an IND with a regulatory body. While this is subject to change,
it is estimated at $625 thousand of employee and facility related costs, $385
thousand for contract formulation development and GMP scale biologic
production for conducting pre-clinical safety studies and $325 thousand for
conducting pre-clinical efficacy development studies including dosing
concentration and repeat administration optimization.

Our future capital requirements will depend on many factors, including:

- the progress and results of our research and preclinical development
programs;

- the scale, progress, results, costs, timing and outcomes of any clinical
trials of our product candidate;

- the costs of contracting, operating, expanding and enhancing our contract
manufacturing facilities and capabilities to support our pre-clinical and
clinical activities and, if our product candidates are approved, our
commercialization activities;

- the costs of maintaining, increasing and defending our intellectual
property portfolio, including potential litigation costs and liabilities;

As a result of these factors, we will need to seek additional funding following
this offering. We would likely seek such funding through public or private
financings or some combination of the two. We might also seek funding through
collaborative arrangements if we determine them to be necessary or mutually
beneficial. Additional funding may not be available to us on acceptable terms,
or at all. If we obtain capital through strategic arrangements, these
arrangements could require us to relinquish rights to our technology or
product candidates and could result in our receiving only a portion of
any revenues associated with the collaborative project. If we raise capital
through the sale of equity, or securities convertible into equity, it would
result in dilution to our then existing stockholders. If we raise additional
capital through the incurrence of indebtedness, we would likely become subject
to loan covenants restricting our business activities, and holders of debt
instruments would have senior rights and privileges to those of our equity
investors. In addition, servicing the interest and principal repayment
obligations under debt facilities could divert funds that would otherwise be
available to support research and development, clinical or commercialization
activities.
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If we are unable to obtain adequate financing on a timely basis, we may be
required to delay, reduce or eliminate our technology development programs.
This scenario could cause us to accept terms at less than attractive rates
which could increase then shareholders dilution and could possible decrease
the value of our common stock.

Our operating history may make it difficult for you to evaluate the success of
our business to date and to assess our future viability.

Our operations to date have been extremely limited and as such will not
provide a reasonable ability for you to gage management's ability to
successfully manage and execute on a complex technology development program
such as is contemplated herein. We have not yet demonstrated our ability to
complete clinical studies, obtain regulatory approvals and manufacture a
commercial scale product to GMP standards. This burden will become more
difficult due to the increased requirements for public company reporting.

Our failure to perform on any of these items could hinder our ability to
commercialize our technology or raise additional funds as may be needed.
Additionally as we have an operating history that began during 2009, it
will be more difficult to ascertain through study of the financial statements
any future trends to be understood by comparatively looking at past
performance.

If we are not able to retain and recruit qualified management and technical
personnel, we may fail in developing or commercializing our technologies and
product candidates.

Our future success depends to a significant extent on the skills, experience
and efforts of our scientific and management teams, including Jerett A. Creed
our Chief Executive Officer and our Chief Financial Officer, Ralph
Sinibaldi,PhD our Chief Scientific Officer, and Emerson Perin, MD, PhD our
Chief Medical Officer. Both our Chief Scientific Officer and Chief Medical
Officer are part time and conduct work on an as needed basis. While we have
other scientific consultants currently working for us, our near term efforts
will depend entirely on our current management until we augment our management
team with non-consulting personnel. Additionally, we rely heavily on external
consultants for scientific, regulatory, legal, and financial advice. It is our
intent to recruit for these positions in the near term, however, we may be
unable to find qualified talent at market rates. Additionally our ability to
recruit and retain the required talent may be tied to our ability to pay
market rates for which we may not have sufficient funding. While we have not
had any difficulty to date in identifying consulting personnel with the
required expertise and experience required, we may have difficulty converting
these candidates to full time roles or recruiting full time candidates. We may
have to rely more extensively on our Stock Option plan to recruit and retain
talent. In the event that we need to rely on our Stock Option plan, our then
non-employee shareholders may be subject to additional dilution. A loss of any
of our key personnel including advisors and consultants could compromise our
ability to execute our business plan. . None of our current consultants have
indicated any plans to discontinue their services as of the date of this
prospectus.

We have no independent board representation or independent audit or
compensation committees.

We currently have one board member, Jerett A. Creed with Ralph Sinibaldi, PhD.
serving as advisor. As such we do not have any independent board
representation of our shareholders. We expect to appoint independent board
members and committee members within the next 6 months coinciding with the
hiring of additional key management, but there is no guarantee that this
will happen in a timely manner or at all.

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RISKS RELATED TO THE DEVELOPMENT OF OUR PRODUCT CANDIDATE

If a clinical trial of our product candidate fails to demonstrate safety and
or efficacy to the satisfaction of a regulatory body or does not otherwise
meet primary clinical endpoints, we may incur additional costs or experience
delays in completing, or ultimately be unable to complete, the development
and commercialization of our product candidates.

Before a regulatory approval may be granted for the sale of our product,
we must conduct extensive clinical trials to demonstrate the safety and
efficacy of our product candidates in humans. Clinical testing is expensive,
difficult to design and implement, can take many years to complete and is
uncertain as to the outcome. A failure of one or more of our clinical trials
can occur at any stage of testing. We may experience numerous unforeseen
events during, or as a result of, clinical trials that could delay or prevent
our ability to receive regulatory approval or commercialize our product
candidates, including:

- regulators or institutional review boards may not authorize us or our
investigators to commence a clinical trial or conduct a clinical trial at a
prospective trial site;

- clinical trials of our product candidates may produce negative or
inconclusive results, and we may decide, or regulators may require us, to
conduct additional clinical trials or abandon our product development program
that we think might be promising;

- the number of patients required for clinical trials of our product
candidates may be larger than we anticipate, enrollment in these clinical
trials may be slower than we anticipate, or participants may drop out of
these clinical trials at a higher rate than we anticipate;

- our third party contractors may fail to comply with regulatory requirements
or meet their contractual obligations to us in a timely manner or at all;

- we might have to suspend or terminate clinical trials of our product
candidates for various reasons, including a finding that the participants
are being exposed to unacceptable health risks;

- regulators or institutional review boards may require that we or our
investigators suspend or terminate clinical research for various reasons,
including noncompliance with regulatory requirements;

- the cost of clinical trials of our product may be greater than we
anticipate;

- the supply or quality of our product or other materials necessary to
conduct clinical trials of our product candidates may be insufficient
or inadequate; and

- our product may have undesirable side effects or other unexpected
characteristics, causing us or our investigators to halt or terminate
the trials.

If any of the above scenarios were to occur, our ability to continue
our development program may be irreparably impaired. We may not be able
to raise additional funding that would be required to conduct additional
pre-clinical testing, our liability insurance may be inadequate for the
potential risks that our patients are exposed to and we may be unable to
convince a regulatory review board to initiate or continue testing of our
product.

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The results of preclinical studies may not correlate with the results of human
clinical trials. Additionally early stage clinical trial results do not
ensure success in later stage clinical trials and interim trial results are
not always predictive of final trial results.

We have not conducted any clinical proof of concept studies. If we are
successful in gaining regulatory approval for the initiation of a First in Man
study, we may not realize the same results we have seen pre-clinically.
Additionally, a successful phase I proof of concept study does not in any way
guarantee similar results for larger scale phase I/II trials. In order to
establish statistical significance, the patient sample sizes may have to be
increased based on the data obtained. This would delay our development and
require additional capital which we may not have or be able to raise. As we
progress through our clinical development, we may discover new information
calling into question the safety or efficacy of our product as we examine
larger sets of data. This would require us to examine our overall program and
potentially result in the abandonment of our development efforts.

We may experience delays in enrolling patients in clinical trials of our
product candidates, which could delay or prevent the necessary regulatory
approvals.

We may not be able to initiate or continue clinical trials of our lead compound
if we are unable to locate and enroll a sufficient number of eligible patients
to participate in the clinical trials required by a regulatory authority. We
may also be unable to engage a sufficient number of clinical trial sites to
conduct our trials or convince patients to consent to a new treatment modality.

If our lead compound is not demonstrated in clinical trials to be safe and
effective for our stated indications, the value of our technology, common
stock and our development programs would be significantly reduced.

We have not proven in clinical trials that our compound will be safe and
effective for the indications for which we intend to seek approval. Our drug
compound is susceptible to various risks, including undesirable and unintended
side effects, inadequate therapeutic efficacy or other characteristics that may
prevent or limit potential regulatory approval or commercial use. The design
of clinical trials is complex and there are often many confounding factors
related to the successful achievement of meeting primary and secondary
endpoints. We may not be able to meet all of the endpoints originally
contemplated in a clinical protocol. Our inability to establish proof of
concept clinical efficacy could render the value of our common stock worthless.

----------------------------- Page 15 ----------------------------------------
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RISKS RELATED TO THE COMMERCIALIZATION OF OUR PRODUCT CANDIDATES

Our product candidate is based on a novel biologic combination that may not be
well understood by or accepted by the market.

We face significant hurdles to executing our development plan through clinical
trials and regulatory approval. We may receive the required regulatory
approval and have limited commercial success because our technology is not well
understood, too complex to administer, too expensive or simply displaced by
better data from another product.

The degree of physician and patient acceptance of our product candidate will
depend on many factors, including:

- the clinical safety and efficacy of our product, the availability of
alternative treatments and the perceived advantages of our product candidates
over any alternative treatments;

- the relative convenience and ease of administration, dosing tolerability and
skill level required to deliver our product;

- the frequency and severity of adverse clinical events or other undesirable
side effects involving our product; and

- the cost of our product, the reimbursement policies of government and
third-party payors and our ability to obtain sufficient third-party coverage
or reimbursement.

We face substantial competition from better capitalized, managed and
experienced companies.

Currently there are four other companies that we are aware of working on HDL
based biologics to treat acute coronary syndromes. These include the Medicines
Company, Cerenis Therapeutics, CSL Limited and Sembiosys Genetics.

Due to the severity of the disease state we are targeting, there are
significant research and development efforts ongoing from many large
multinational pharmaceutical companies. These companies have proven track
records of development, are better capitalized and often have more established
relationships with academic and government organizations that may give them
substantial advantages over us to commercialize competing or potentially
disruptive technologies.

Our ability to establish and maintain profitability will be dependent on the
available levels of government and third party reimbursement.

We will have limited ability to establish the reimbursement rates for our
product. We are at risk that even with successful clinical trials and
regulatory approvals, we may not be able to obtain any government or third
party reimbursement, the reimbursement rates may be delayed pending additional
data or the reimbursement rates may be lower than anticipated by us. While we
can potentially influence the reimbursement rates by designing clinical studies
to specifically address quality of life and recurrence rates, the design of
these trials is expensive and may require these trials to be separate from our
primary clinical development pathway. There is no guarantee that even if these
trials were completed, that we would be successful in establishing a timely
and market rate for our product.
----------------------------- Page 16 ----------------------------------------
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We have very limited experience manufacturing our product. We may not be able
to contract or manufacture our product in compliance with evolving regulatory
standards or in quantities sufficient for clinical or commercial sale.

The manufacture of biologic products is complex and expensive. We may be unable
to transition our process from a pilot scale to a commercial scale at all or at
a rate that is commercially feasible. There is no guarantee that our current
contract manufacturer will continue to be able to meet our demand or be willing
to further our process development efforts. If this were to happen, we would be
forced to seek alternative contract manufacturers and incur substantial process
transfer costs. There is no guarantee that our process could be successfully
transferred to a new plant location. We are completely dependent on third
parties for the supply and process development of our product at this time.
We do not currently have any in house lab facilities suitable to produce large
scale biologic products. Additionally our most knowledgeable process experts
for the manufacture of our product are outside advisors including the inventor
of the protein. There is no guarantee that we can keep his involvement in this
project.

The use of our product in humans may expose us to liability, and we may not be
able to obtain adequate insurance for these claims.

The use of our product in humans subjects us to potential liability. Our
product has not been tested in human subjects and therefore does not have an
established safety profile. We face the risk of product liability related to
the testing of our product in human clinical trials and will face an increased
risk if we sell our product commercially.

If we were to face product litigation, there is no guarantee that we would
have sufficient insurance coverage to defend us. We currently maintain a
$2 million general liability policy to cover our lab work, but this policy
would not cover any clinical trial liabilities. We do require our pre-clinical
sites to carry sufficient liability to cover the employees who may come in
contact with our product. Any litigation we would be involved in would likely
consume substantial amounts of our financial and management resources and
could result in:

- significant monetary awards against us;

- substantial litigation costs and attorneys fees;

- damage to our reputation;

- slower or stopped clinical trial enrollment; and

- a decrease or complete loss in the value of our common shares.
----------------------------- Page 17 ----------------------------------------
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RISKS RELATED TO OUR INTELLECTUAL PROPERTY

If we are unable to create and defend our patent position, others could
directly compete against us.

Our success partially depends on our ability to establish and maintain
intellectual property protection for our product.

Our technology is based on drug formulations which we have developed. These
drug formulations may or may not be patentable. Once we determine our final
protein sequence, we will determine if our product is better protected through
trade secrets or by filing for patent protection. Additionally
we may file method patents covering potential novel ways of using and
delivering our technology, however, there is no guarantee that any method
patents will be granted in the United States or in any other country we may
seek protection or that they will serve as a barrier from competition from
better funded or staffed organizations. Additionally the protection afforded
by international patent laws as well as the enforcement actions differ from
country to country. There is no guarantee that we will be able to maintain
adequate protection or enforcement of our intellectual property position.

If we infringe or are alleged to infringe intellectual property rights of
third parties, our business could be harmed.

Our research, development and commercialization activities may infringe or be
claimed to infringe patents owned by third parties to whom we do not hold
licenses or other rights. There may be applications that have been filed but
not published that, when issued or placed in the public domain, could be
claimed against us. These third parties could bring claims against us that
would cause us to incur substantial expenses. If these claims against us are
successfully litigated, it could result in substantial monetary damages that
we may be unable to pay or would hinder or ability to further our development
efforts. If a patent infringement suit were brought against us, we could be
forced to stop or delay our development efforts pending the outcome of the
litigation. We are not aware of any infringement of our technology and gave
not received any third party notices indicated otherwise.

----------------------------- Page 18 ----------------------------------------
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We may be brought into a lawsuit to defend our intellectual property or that
of third party collaborators.

In the event that a competitor infringes our or our collaborator's property,
we may be required to defend the patent right of our collaborators. These types
of cases can be distracting and costly to management. If this were to happen,
our development programs could be reduced or stopped to allow our limited
resources to focus on the case. Additionally as these types of cases often
require substantial discovery, there is risk that some of our confidential
information could be misappropriated through outside disclosure. We have not
initiated any litigation and are unaware of any pending litigation that would
involved us.

RISKS RELATED TO REGULATORY APPROVAL AND OTHER GOVERNMENTAL REGULATIONS

If we are not able to obtain the necessary regulatory approvals for any of
our product candidates, we may not generate sufficient revenues to continue
our business operations.

Obtaining regulatory approval is a complex and timely process. There are
numerous factors that may limit our ability to obtain regulatory approval
in the US or internationally. Failure to achieve approval in any country
where a clinical trial is conducted could have adverse effects on our financial
condition.

Any or all of the following factors, among others, may cause regulatory
approval for our product to be delayed, limited in marketing scope or denied:

- our product candidate will requires significant clinical testing to
demonstrate safety and efficacy before applications for approval can be filed
with a regulatory body;

- data obtained from pre-clinical and clinical trials can be interpreted
in different ways, and regulatory bodies may require us to conduct additional
testing;

- it may take many years to complete the testing of our product candidates,
and failure can occur at any stage of the clinical trial process;

- Failure to meet clinical endpoints or the occurrence of serious or
unexpected adverse events during a clinical trial could cause the delay or
termination of our development efforts;

- commercialization may be delayed if a regulatory body requires us to expand
the size and scope of the clinical trials.

Any delays or difficulties that we encounter in obtaining regulatory approval
could have a substantial adverse impact on our ability to generate product
sales and cause a decrease in the value of our common stock.

----------------------------- Page 19 ----------------------------------------
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If we are unable to complete our clinical trial program in a cost and time
as contemplated by our business plan, we may be adversely impacted.

Our clinical trial program can be delayed for numerous reasons, many of which
may be beyond our control. The completion of our clinical trials may be delayed
or terminated for many reasons, including if:

- the FDA or other regulatory authority does not grant permission to proceed
and places the trial on clinical hold;

- subjects do not enroll in our clinical trials at the rate we expect;

- subjects experience an unacceptable rate or severity of adverse side
effects;

- third party clinical investigators do not perform our clinical trials
on our anticipated schedule or consistent with the clinical trial protocol,
good clinical practices required by the FDA and other regulatory requirements,
or other third parties do not perform data collection and analysis in a timely
or accurate manner; or

- inspections of clinical trial sites by the FDA or by institutional review
boards of research institutions participating in our clinical trials, reveal
regulatory violations that require us to undertake corrective action, suspend
or terminate one or more sites, or prohibit us from using some or all of the
data in support of our marketing applications; or

Our expenses will increase if we have material delays in our clinical trials,
or if we are required to modify, terminate or repeat a clinical trial. If we
are unable to conduct our clinical trials on schedule, a regulatory approval
may be delayed or denied by the FDA or other regulatory body. This event could
cause a decrease in the value of our common stock.

Any product for which we obtain marketing approval will be subject to extensive
ongoing regulatory requirements.

Because our technology deals with a biologic, there is potential that the FDA
or any other regulatory body may require us to follow our clinical trial
participants for an extended period of time. This requirement may be
independent from a regulatory approval but could potentially increase our
costs or subject us to additional risk as we may discover additional data
points that were not available previously. Extended monitoring times or
costs could reduce or eliminate our ability to become or maintain
profitability. Additionally adverse events discovered as a result of a post
market approval monitoring could still require us to pull our product from
the market and reduce our ability to generate revenue.

RISKS RELATED TO THE PURCHASE OF OUR COMMON STOCK AND PARTICIPATION IN THIS
OFFERING

There may not be an active market for the trading of our common stock
Prior to this offering, there has been no public market for our common stock.
We have no market makers for our common stock, no market price for our stock
and no active following of our company. There is no guarantee that a market
will develop for our shares. If a market does not develop, it may be difficult
to sell shares of our common stock. Additionally, as this is the first time
our current shareholders will have the ability to sell their shares to the
public, there may be an imbalance of sellers versus buyers causing any
developed share price to decline.

If a market develops, the trading of our common stock is likely to be thin and
volatile.

As there is no established track record of share price and performance for
our company, it is likely that it will take some time to develop a market
and a following of our stock if one develops at all. Additionally the market
for biotechnology companies in particular can be volatile. The market can
often react to any news that may or may not directly involve the company
if it is perceived that it effects the environment in which the company
operates. This can include:

- results of clinical trials of our technology or those of our competitors;

- regulatory or legal developments in the United States and foreign countries;

- variations in our financial results or those of companies that are perceived
to be similar to us;

- changes in the structure of healthcare payment systems;

- sales of substantial amounts of our stock by existing stockholders;

- sales of our stock by insiders and large stockholders;

- general economic, industry and market conditions;

- additions or departures of key personnel;

- intellectual property, product liability or other litigation against us;

- expiration or termination of our potential relationships with collaborators;
and

- other factors described in the "Risk Factors" section.

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Additionally it is not uncommon for shareholders of biotechnology companies to
initiate class action lawsuits against companies that have experienced periods
of extreme volatility in the share price. If we were to be subject to such a
lawsuit, we would likely incur a substantial cash drain as well as the
distraction of key management personnel.

If you purchase shares of our common stock, you are likely to incur significant
dilution.

We will need to raise additional cash to continue our development efforts.
As there is uncertainty in the market that may develop for our common shares
as well as the established market price, there is no guarantee that a future
fund raising activity will be done at per share prices above what was paid in
this offering or in the open market during this time. Additionally as we will
be recruiting for additional senior executive positions, it is likely that
stock options will be granted. We may also utilize warrants to further
incentivize some of our key consultants.

A significant concentration of our total issue shares are held by our founder
and Chief Executive Officer. Approximately 98% of our total issued shares are
held directly or through entities controlled by our founder and Chief Executive
Officer. This could make it very difficult for shareholders to exert influence
over the strategic direction of the company. If all shares are sold (not
including over allotment), our founder will still control approximately 86% of
our issued and outstanding shares. Including over allotment, this number will
go down to 81%

As a reporting entity, we may be subject to Section 404 of the Sarbanes-Oxley
Act.

Among other things, this act requires our Chief Executive and Chief Financial
Officers to attest to the relevant strength over internal controls and the
quality of financial reporting. Our CEO and CFO positions are currently
held by Mr. Jerett A. Creed. While we expect to hire a CFO in the near term,
there is no guarantee that we will be able to find a suitable candidate.
Additionally Section 404 requires the identification of material weakness in
the internal control over financial reporting process. We are in the early
stages of building an internal control infrastructure that is appropriate for
our size and level of complexity. As such we may have to identify several
material weaknesses that exist which may negatively impact the value of our
common stock.

There are Penny Stock Securities' law considerations that could affect your
ability to sell your shares.

Our common stock is considered a "penny stock" and the sale of our stock will
be subject to the "penny stock rules" of the Securities and Exchange
Commission. The penny stock rules require broker-dealers to take steps before
making any penny stock trades in customer accounts. As a result, the market
for our shares could be illiquid and there could be delays in the trading of
our stock which could negatively affect your ability to sell your shares and
could negatively affect the trading price of your shares.

DETERMINATION OF OFFERING PRICE

The offering price has been estimated solely for the purpose of calculating the
registration fee payable to the Securities and Exchange Commission in
connection with this prospectus. The offering price is not an indication
of value nor has it been established by any recognized methodology for deriving
the value of the Shares. As such it should be considered arbitrary with no
correlation to the company's assets, stage of development or future prospects
for cash flow or profitability.

----------------------------- Page 21 ----------------------------------------
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SELLING SHAREHOLDERS AND PLAN OF DISTRIBUTION

The registration statement, of which this prospectus forms a part, relates to
our registration, for the account of the Selling Shareholders listed below,
of an aggregate of 300,000 shares of common stock and to the sale of up to
2,200,000 of the Company's common stock.

We will keep this prospectus open for a period of 12 months but retain the
right to terminate the offering at any time sooner. The shares offered by the
company or sold by the selling shareholders will be sold at $1.05 until the
offering is closed. Only if and after a market develops will the shares be
sold in negotiated transactions.

The sale of the selling shareholders' Shares by the selling shareholders
may be effected from time to time in transactions, which may include block
transactions by or for the account of the selling shareholders, in the
over-the-counter market or in negotiated transactions, or through the writing
of options on the selling shareholders' shares, a combination of these methods
of sale, or otherwise. Sales may be made at market prices prevailing at the
time of sale, or at negotiated prices. We are not aware of any underwriting
arrangements that have been entered into by the selling shareholders. We
will file a post-effective amendment to our registration statement with the
SEC if any selling shareholder enters into an agreement to sell shares through
broker-dealers acting as principals after the date of this prospectus.

The Selling Shareholders, during the time each is engaged in distributing
shares covered by this prospectus, must comply with the requirements of
Regulation M under the Exchange Act. Generally, under those rules and
regulations they may not: (i) engage in any stabilization activity in
connection with our securities, and (ii) bid for or purchase any of our
securities or attempt to induce any person to purchase any of our
securities other than as permitted under the Exchange Act.

The selling shareholders and broker-dealers, if any, acting in connection
with these sales might be deemed to be "underwriters" within the meaning of
Section 2(11) of the Securities Act. Any commission they receive and any profit
upon the resale of the securities might be deemed to be underwriting discounts
and commissions under the Securities Act.

Rules 15g-1 through 15g-9 promulgated under the Securities Exchange Act of
1934, as amended, impose sales practice and disclosure requirements on FINRA
broker-dealers who make a market in "a penny stock". A penny stock generally
includes any non-FINRA equity security that has a market price of less than
$5.00 per share. Our shares may be quoted on the OTC Bulletin Board, and the
price of our shares may fall within a range which would cause our shares to
be considered a "penny stock". The additional sales practice and disclosure
requirements imposed upon broker-dealers handling "penny stocks" may
discourage broker-dealers from effecting transactions in our shares, which
could severely limit the market liquidity of the shares and impede the sale
of our shares in the market.

Under the "penny stock" regulations, a broker-dealer selling "penny stocks"
to anyone other than an established customer or "accredited investor"
(generally, an individual with net worth in excess of $1,000,000 or an annual
income exceeding $200,000, or $300,000 together with his or her spouse) must
make a special suitability determination for the purchaser and must receive
the purchaser's written consent to the transaction prior to purchase, unless
the broker-dealer or the transaction is otherwise exempt. In addition, the
"penny stock" regulations require the broker-dealer to deliver, prior to any
transaction involving a "penny stock," a disclosure schedule prepared by the
Commission relating to the "penny stock" market, unless the broker-dealer or
the transaction is otherwise exempt. A broker-dealer is also required to
disclose commissions payable to the broker-dealer and the registered
representative and current quotations for the securities. Finally, a
broker-dealer is required to send monthly statements disclosing recent price
information with respect to the "penny stock" held in a customer's account and
information with respect to the limited market in "penny stocks." All of the
foregoing may affect the marketability of our securities.

Sales of any shares of common stock by the selling shareholders may depress the
price of the common stock in any market that may develop for the common stock.

At the time a particular offer of the shares is made by or on behalf of a
selling stockholder, to the extent required, a prospectus supplement will be
distributed which will set forth the number of shares being offered and the
terms of the offering, including the name or names of any underwriters,
dealers, or agents, the purchase price paid by any underwriter for shares
purchased from the selling stockholder and any discounts commissions, or
concessions allowed or re-allowed or paid to dealers, and the proposed selling
price to the public. Under the Securities Exchange Act of 1934, as amended, and
its regulations, any person engaged in the distribution of shares of common
stock offered by this prospectus may not simultaneously engage in market-making
activities with respect to the common stock during the applicable "cooling off"
period prior to the commencement of this distribution. In addition,
and without limiting the foregoing, the selling shareholders will be subject to
applicable provisions of the Exchange Act and its rules and regulations,
including without limitation Regulation M promulgated under the Exchange Act,
in connection with transactions in the shares, which provisions may limit the
timing of purchases and sales of shares of common stock by the selling
shareholders.

The following table sets forth information known to us regarding ownership of
our common stock by each of the selling shareholders as of the date hereof and
as adjusted to reflect the sale of shares offered by this prospectus. None of
the selling shareholders has had any position with, held any office of, or had
any other material relationship with us since our inception except for our
Chief Executive Officer (Jerett Creed), our Chief Scientific Officer
(Ralph Sinibaldi) and our Chief Medical Officer (Emerson Perin.

We believe based on information supplied by the following persons that the
persons named in this table have sole voting and investment power with respect
to all shares of common stock which they beneficially own. Because the selling
shareholders may sell all or only a portion of the 300,000 shares of common
stock registered hereby, we cannot estimate the number of these shares that
will be held by the selling shareholders upon termination of the offering.
The information in the last column of the table below assumes that the selling
shareholders sell all of their shares offered in this prospectus.

----------------------------- Page 22 ----------------------------------------
<Page>

SELLING SHAREHOLDERS

Shareholder Number of Shares Owned Relationship with Issuer Shares Owned After Offering

Jerett Creed 81,350 D, CEO, CFO 10,920,150
Shane Manning 70,000 None None
Greg Tylka 12,500 None None
Courtney Tylka 12,500 None None
Peter Stavis 1,000 None None
Gregory ten Bosch 500 None None
Carl Slabicki 1,000 None None
Cory Hannaford 9,000 None None
Larry Hermona 500 None None
John ten Bosch 750 None None
Denise Beals 500 None None
Jeanne Proto 1,000 None None
Franz Goepfert 30,000 None None
Ralph Sinibaldi 20,000 CSO 4,000
Jason Schlenker 20,000 None None
Birgit Snodgrass 4,400 None None
Emerson Perin 15,000 CMO None
Vince Parras 20,000 None None

Total 300,000
<FN>
<F1>
D: director, CEO: Chief Executive Officer, CFO: Chief Financial Officer, CSO:
Chief Scientific Officer, CMO: Chief Medical Officer
</FN>

This is a self-underwritten offering conducted on a best efforts basis with no
minimum share purchases required for the sale of our stock. The reader is
cautioned that this scenario means that while some shares may be sold by us or
the selling shareholders, it may constitute a small amount of shares rendering
us with insufficient funds to conduct our operations or fully execute our
business plan. Additionally, since this is a self-underwritten offering, our
management will be responsible for any shares sold. This creates a potential
conflict of interest as our management may also be shareholders. It is
important to understand the framework for determining whether shares sold by
our management will be shares owned by the individual responsible for the sale
or shares owned by the company. The protocol that will be followed for this
offering is that any shares sold by any member of our management will be
shares owned by us. This means that all proceeds from shares sold by any
member of our management will be received by us. For purposes of additional
disclosure, our management for this purpose is defined as Jerett Creed,
Ralph Sinibaldi and Emerson Perin.

State Blue Sky Information Relating to the Shares

The Selling Shareholders may offer and sell their Shares only in States in the
United States where exemptions from registration under State securities laws
are available. The Company intends to obtain an exemption, known as the
"manual exemption," in approximately 38 States where such exemption is
available. Generally, the manual exemption is available to issuers that
maintain an up-to-date listing that includes certain information about the
issuer in a recognized securities manual. The Company intends to obtain a
listing in "Standard & Poor's Corporation Records," or Mergent's (formerly
Moody's) Manuals and News Reports, both recognized securities manuals. The
States that provide the manual exemption include: Alaska, Arizona, Arkansas,
Colorado, Connecticut, Delaware, the District of Columbia, Florida, Guam,
Hawaii, Idaho, Indiana, Iowa, Kansas, Maine, Maryland, Massachusetts,
Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada,
New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio,
Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina,
South Dakota, Texas, U.S. Virgin Islands, Utah, Washington, West Virginia,
and Wyoming. Each State's law is different. Some of the States provide a
general exemption for issuers' securities that are listed in a "recognized
securities manual" (or similar language) while other States have provisions
that name the recognized securities manuals that qualify an issuer for the
exemption in that State. Investors, Selling Shareholders and securities
professionals are advised to check each State's securities laws and regulations
(known as "Blue Sky" laws) to ascertain whether an exemption exists for the
Company's shares in a particular state. When our registration statement
(of which this prospectus forms a part) becomes effective, and a selling
security holder indicates in which state(s) he desires to sell his shares,
the Company will be able to identify whether it will need to register or
will rely on an exemption there from.

----------------------------- Page 23 ----------------------------------------
<Page>
DIVIDEND POLICY
We have never declared or paid any dividends on our common stock or any other
securities. It is unlikely that we will have any revenue for the next several
years, and we anticipate that we will retain all of our future earnings, if
any, for use in the operation of our business and do not anticipate paying
cash dividends in the foreseeable future.

CAPITALIZATION

For the Year Ended From Inception For the Nine
(April 17, 2009) through Months Ended
12/31/2010 12/31/2009 9/30/2011

Balance Sheet Data
Cash & Cash Equivalents $57,831 $11,308 $38,191
Common Stock ($0.001 par value,
25,000,000 authorized at
September 30, 2011) 11,149,750 1,500 11,227,900
Additional Paid in Capital $68,502 - $84,054
Accumulated Deficit ($309,647) ($178,174) ($375,171)

DILUTION

We have no convertible preferred stock issued or authorized. As such dilution
from the purchase of our common stock will come from additional offerings
in the future that are likely to occur as well as any vested stock options or
warrants that may be granted from time to time. We do not currently have any
stock options granted as part of our Stock Option Plan.

The following table represents our estimated net tangible book value on a per
share basis (basic).

The net tangible book value per share (post transaction) assumes that all
offered shares are sold. For comparison, the net tangible book value is also
shown reflecting 50% and 25% of shares being sold.

Net Tangible Book Value

Basic Shares Net Tangible Net Tangible Book Value
Book Value per basic share outstanding

BALANCE June 30, 2011 11,185,900 $125,200 $0.011
BALANCE September 30, 2011 11,227,900 $87,900 $0.008
BALANCE Post Closing (estimated - 100%) 13,220,900 $2,120,000 $0.160
BALANCE Post Closing (estimated - 50%) 13,220,900 $1,070,000 $0.081
BALANCE Post Closing (estimated - 25%) 13,220,900 $545,000 $0.041

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS

The following discussion and analysis of our financial condition and results of
operations should be read together with our financial statements and the
related notes to those statements included later in this prospectus. In
addition to historical financial information, this discussion may contain
forward-looking statements reflecting our current plans, estimates, beliefs
and expectations that involve risks and uncertainties. As a result of many
important factors, particularly those set forth under "Special Note Regarding
Forward-Looking Statements" and "Risk Factors," our actual results and the
timing of events may differ materially from those anticipated in these
forward-looking statements.

Overview
We are a development stage biotechnology company focused on local drug delivery
for the treatment of cardiovascular and peripheral vascular disease. Cardigant
was founded to capitalize on the belief that local drug delivery to the
vasculature holds the potential to improve outcomes and treat previously
untreated disease segments most notably vulnerable atherosclerotic plaque
lesions of the coronary, peripheral, and neuro vasculatures. Our focus is on
treating atherosclerosis and plaque stabilization using systemic and targeted
delivery of large molecule therapeutics based on high density lipoprotein
(HDL) targets. Circulating plasma levels of HDL are inversely correlated
with coronary artery disease. Towards this goal, we are evaluating drug
formulations based on the apoa-1 protein that are delivered both systemically
via intravenous infusion and via a catheter from the endoluminal
surface to the adventitial and perivascular space of one or more lesions as
identified by intravascular ultrasound (IVUS) and or optical coherence
tomography (OCT). Our product candidate consists of a recombinant protein
construct coding for the a apao-1 protein in a phospholipid formulation. The
apoa-1 protein's primary function is the promotion of reverse cholesterol
transport (RCT) from the arterial wall to the liver for catabolism and
excretion. Apolipoprotein A-I is a protein that in humans is encoded by
the Apoa-1 gene. It has a specific role in the metabolism of lipids. Naturally
occurring Apoa-1 is the major protein component of HDL also known as the good
cholesterol. Apoa-1 protein constitutes roughly 70% of the HDL composition.
There are both naturally occurring and synthetically modified mutations of the
apao-1 protein. Some of these mutations can have positive effects on
cholesterol mobilization. We are currently evaluating various apoa-1 based
protein sequences to determine the optimal drug candidate based on efficacy,
minimum royalty costs and available production methods among other factors.
We have been evaluating the catheter based local delivery of our product for
specifically reducing the plaque content and burden within one or more
adjacent sites.

----------------------------- Page 24 ----------------------------------------
<Page>
As we are a development stage company, we have incurred losses since our
inception in April of 2009. As we continue to raise funds and further our
development program, we expect to incur even greater expenses and losses.
We have no revenues and do not expect to incur any revenue for several years
until such time as our lead therapeutic compound may, if at all, be approved
a regulatory body for sale in a region of the work covered by that regulatory
body.

Revenues
We are a development stage company with our first product candidate several
years away from generating any revenue. We do not expect to generate any
revenue from the sale of our technology for several years. We do however
occasionally apply for non-taxable grant funding to support our research and
development efforts. We currently have grant applications outstanding, however,
we can make no guarantees that any grant money will be awarded from these
applications. In November of 2010 we were awarded a non-taxable grant in the
amount of $170,750. $60,200 of this was paid in December of 2010 with the
remaining $110,500 paid in February of 2011. This grant was awarded under the
Qualifying Therapeutic Discovery Project Program. There were no specific
future performance obligations under the grant as it was awarded based on
previous research and development expenses incurred.

Cost of Product Sales
We do not currently sell any products and do not expect to for several years.
We are targeting a product cost in the 10-15% of sales as our goal. This is
simply an internal goal that is subject to many uncertainties including the
ability to cost effectively produce the product, establish a supportable market
price in the region of approval and obtain sufficient reimbursement from
governmental and or third party insurance agencies.

Research and Development Expenses ("R&D")
Our research and development expenses primarily consist of personnel-related
costs, technical consulting fees, and contract research fees. As our senior
management are largely involved with overseeing our current development
programs, we currently allocate 80% of their salary (accrued or otherwise)
to R&D expense. This is a change from 2009 where we allocated 60% of their
salary to R&D. We expect to hire additional technical personnel, engage in
additional pre-clinical studies and incur additional patent fees. As such we
expect our R&D spending to increase in the coming periods. Although we have
multiple potential development programs, we are currently only working on one
program. This program is focused on optimizing our biologic compound for
systemic delivery in the treatment of acute coronary syndromes. However,
since it is likely that we will use the same biologic compound for both
systemic and local delivery, it is expected that a substantial portion of
the work we are incurring for this development program will translate to other
methods of delivery and as well as potentially disease states. Assuming we are
able to raise sufficient funds, we expect to incur an additional $1.2 million
over the next 18 months in execution of our pre-clinical and clinical
development programs. We believe this will take us through the required
approval to begin a phase I trial in the US. This number is composed of the
following estimates: $500 thousand of employee related R&D costs; $385
thousand of formulation development, protein process development, and GMP
production; and $325 thousand of additional pre-clinical development studies
including standard toxicology studies. Since this is highly dependent on the
availability of funds, it may be important to understand the order and amount
of spending in the event that funds are received piecemeal. In the event that
insufficient funds are available to complete all of the outlined work, we
would initially focus on the formulation development of the final drug
dosage. This is estimated to cost approximately $150 thousand, we would then
expect to begin additional pre-clinical studies using this final drug dosage
conducted as non-GLP studies confirming the efficacy of our final drug dosage.
This is estimated to cost approximately $125 thousand. Next we would finalize
contract based small scale GMP production of our protein required to conduct
our toxicology studies. This is estimated at $175 thousand. Finally we would
perform our GLP toxicology studies estimated at $200 thousand. We expect the
culmination of this work to allow us to submit all required evidence to
initiate a phase I trial in the US or other region of the world.

Selling, General and Administrative Expenses ("SG&A")
Our selling, general and administrative expenses consist primarily of non
allocated salaries including benefits. As we expect to hire additional
personnel, we expect this amount to increase to approximately $250 thousand
over the next 12-18 months. Additionally we expect to move into a new office
space which will add an additional $36 thousand annual expense. In addition to
hiring accounting personnel for public company reporting requirements, we also
expect to incur an additional $30 thousand per year of investor relations
expenses for disseminating company information, news releases and public
filings.

Critical Accounting Policies and Significant Judgments and Estimates
We have prepared our financial statements in accordance with U.S. generally
accepted accounting principles. The preparation of these financial statements
requires us to make estimates, assumptions and judgments that affect the
reported amounts of assets, liabilities, expenses and related disclosures at
the date of the financial statements, as well as revenues and expenses during
the reporting periods. Our estimates are based on historical experience and
management's best judgment made at the time. We continue to evaluate our
assumptions and will continue to do so as we gain additional operating history
and are better able to compare estimates versus actual in our assumptions and
estimates going forward.

Revenue Recognition
The Company recognizes revenue when evidence of an arrangement exists, title
has passed (generally upon shipment) or services have been rendered, the
selling price is fixed or determinable and collectability is reasonably
assured. Revenue from product sales to new customers is recognized when all
elements of the sale have been delivered. All costs related to product shipment
are recognized at time of shipment. The Company does not provide for rights of
return to customers on product sales and therefore does not record a provision
for returns.

----------------------------- Page 25 -----------------------------------------
<Page>
Share-Based Compensation
The Company accounts for stock-based compensation under ASC Topic 505-50.
This standard defines a fair value-based method of accounting for
stock-based compensation. The cost of stock-based compensation is measured at
the grant date based on the value of the award and is recognized over the
period in which the Company expects to receive the benefit, which is generally
the vesting period.

Income Taxes
The Corporation is taxed as an S Corporation under the Internal Revenue Code
and applicable state statutes. Under an S Corporation election, the income of
the Corporation flows through to the stockholders to be taxed at the individual
level rather than the corporate level. Accordingly, the Corporation will have
no tax liability (with limited exceptions) as long as the S Corporation
election is in effect. It is not expected that the Company will continue to be
taxed as an S Corporation after the registration statement is declared
effective.

The income allocable to each stockholder is subject to examination by federal
and state taxing authorities. In the event of an examination of the income
tax returns, the tax liability of the stockholders could be changed if an
adjustment in the income is ultimately determined by the taxing authorities.

Results of Operations for the three Months Ended September 30, 2011 (unaudited)

Revenues
We are development stage and do not have a product commercially available for
sale. We do not expect to realize and revenue for several years. As such it is
imperative that the reader recognize that our primary source of working capital
will generally come from equity sales. We do however occasionally apply for non
taxable grant funding to support our research and development efforts. We
currently have grant applications outstanding, however, we can make no
guarantees that any grant money will be awarded from these applications. In
November of 2010 we were awarded a non-taxable grant in the amount of $170,750.
$60,200 of this was paid in December of 2010 with the remaining $110,500 paid
in February of 2011.

Cost of Product Sales
We do not currently have any product costs and do not expect to incur any costs
of this type for several years. Any costs associated with producing or
procuring product for pre-clinical or clinical studies is considered R&D
expenses.

Research and Development Expenses
Research and development expenses for the three months ended September 30, 2011
were $52.2 thousand. This represents a 71.2% increase from the year ago
period and a 5.9% increase from the prior period. The change from the year
ago period is mostly attributed to costs associated with an animal study. The
increase from the previous quarter is also due to the increased costs of
preparing and conducting an animal study and completing the data analysis.
These expenses consisted primarily of allocated salary of our CEO and CSO,
payment for materials and reagents and pre-clinical work. We expect our R&D
expenses to ramp up to approximately $600 thousand over the next 12-18 months
with most of the expenses back ended.

Selling, General and Administrative Expenses
Selling, general and administrative expenses for the three months ended
September 30, 2011 were $23.1 thousand. This equates to a 123.1% increase from
the year ago period. This amount consisted mostly of salary expense and the
increase is mostly attributed to additional professional services fees in
preparation of the Form S-1 filing. We expect this amount to increase by
approximately $85 thousand per quarter beginning in the quarter after this
registration statement is effective assuming sufficient funds are available
to facilitate hiring. Selling, general and administrative expenses were 55.6%
higher versus the previous quarter due mostly to increased legal and
accounting fees.

Net Income (Loss)
We had a Net Loss for the period of $75 thousand. This represents a loss
increase of 77.6% from the year ago period and an increase of 15.5% from the
previous quarter. The change from the year ago period is due to an increase
in research and development costs during the period and increased professional
service fees. On a per share basis, we had a $0.01 loss for the period ended.

----------------------------- Page 26 -----------------------------------------
<Page>
Results of Operations for the Nine months Ended September 30, 2011
Revenues
We are development stage and do not have a product commercially available for
sale. We do not expect to realize and revenue for several years. As such it is
imperative that the reader recognize that our primary source of working capital
will generally come from equity sales. We do however occasionally apply for non
taxable grant funding to support our research and development efforts. We
currently have grant applications outstanding, however, we can make no
guarantees that any grant money will be awarded from these applications. In
November of 2010 we were awarded a non-taxable grant in the amount of $170,750.
$60,200 of this was paid in December of 2010 with the remaining $110,500 paid
in February of 2011.

Research and Development Expenses
Research and development expenses for the Nine months ended September 30, 2011
were $129 thousand which was a 5.2% increase from the year ago period. These
expenses consisted mainly of allocated salary for our CEO, expense for our CSO
and pre-clinical in vivo and in vitro studies.

Selling, General and Administrative Expenses
Selling, general and administrative expenses for the Nine months ended
September 30,2011 were $46.3 thousand representing a 53.2% increase from the
year ago period. This amount consisted primarily of salary expense, and
professional services and the change is due primarily to an increase in
accounting and legal fees in preparation for our Form S-1 filing.

Net Income (Loss)
We had a Net Loss for the period of $65.5 thousand. This represents a 57.5%
reduction in Net Loss from the year ago period. This reduction is due to the
$110,550 grant revenue that was realized during the first quarter of 2011.
Without the grant revenue, the net loss would have increased by 14.3%
reflecting the increase in professional services fees during the period. On a
per share basis, we had a $.01 loss for the period.

----------------------------- Page 27 -----------------------------------------
<Page>
Liquidity and Capital Resources
Sources of Liquidity
During the nine months ended September 30, 2011, net cash provided by operating
activities totaled $51,529. Net cash used in investing activities totaled
$51,054 which was put into a certificate of deposit with a 4.8 year maturity
date. Net cash used in financing activities during the nine months was $20,114
of which $8,000 was from proceeds from issuance of common stock and this was
netted against repayments to related party of $28,114 stockholder. The
resulting change in cash for the period was a decrease of $19,639. The cash
balance at the beginning of the nine months was $57,830. The cash balance at
the end of the period ending September 30, 2011 totaled $38,191.

For the nine month period ended September 30, 2010, net cash used in operating
activities totaled $34,630. Financing activities provided a total of $31,946
which included $27,650 in proceeds from issuance of common stock, plus $14,325
in advances from a stockholder. The resulting change in cash for the period
was a decrease of $2,684; cash at the beginning of the period totaled
$11,308, the decrease resulted in $8,624 in cash at the end of the period
ending September 30, 2010.

The Company had cash of $38,191 as of September 30, 2011, as compared to $8,624
as of September 30, 2010. As of September 30, 2011, the Company had prepaid
assets of $3,425, as compared to $0 as of September 30, 2010. The Company
also has $1,195 in security deposits as of September 30, 2011 and had $0 of
security deposits as of September 30, 2010. The Company had long-term assets
at September 30, 2011 of $51,054 in a certificate of deposit account; therefore
the Company had total assets of $93,865. This is in comparison to September
30, 2010, where the Company had no long-term assets and total assets of
$10,715.

As of September 30, 2011, the Company had $373,754 in total current
liabilities, which was represented by $37,985 in accounts payable and accrued
expenses, $300,000 in accrued officer compensation and $35,769 due to a
stockholder. This is in comparison to September 30, 2010, where the Company
had $270,939 in total current liabilities, which was represented by $82,246
in accounts payable and accrued expenses, $112,189 in accrued officer
compensation and $76,504 due to a stockholder.

The Company had no long-term liabilities at September 30, 2011; therefore the
Company had total liabilities of $373,754. This is in comparison to
September 30, 2010, where the Company had no long-term liabilities and total
liabilities of $270,939.

During the year ended December 31, 2010, net cash used in operating activities
totaled $9,189. Net cash provided by financing activities during the year was
$55,712 of which $27,650 was from proceeds from issuance of common stock plus
$42,131 was advances from related parties which were netted against $14,069
that was repayments to related parties. The resulting change in cash for the
period was an increase of $46,523. The cash balance at the beginning of the
year was $11,308. The cash balance at the end of the year totaled $57,831.

For the year ended December 31, 2009, net cash used in operating activities
totaled $74,516. Financing activities provided a total of $85,824, which
included $2 in proceeds from issuance of common stock, plus $91,525 advances
from related parties, less $5,703 in payments to related parties. The
resulting change in cash for the period was an increase of $11,308. There was
no cash at the beginning of the year. The cash balance at the end of the year
was $11,308.

The Company had cash of $57,831 as of December 31, 2010, as compared to
$11,308 as of December 31, 2009. As of December 31, 2010, the Company had
prepaid assets of $1,900, as compared to having no prepaid assets as of
December 31, 2009. The Company had total assets of $59,731 as of December 31,
2010. This is in comparison to $11,308 in total assets as of December 31,
2009.

As of December 31, 2010, the Company had $289,726 in total current liabilities,
which was represented by $15,842 in accounts payable, $210,000 in accrued
officer compensation, and $63,884 due to a stockholder. This is in comparison
to December 31, 2009, where the Company had $189,480 in total current
liabilities, which was represented by $14,219 in accounts payable, $90,000 in
accrued officer compensation, and $85,261 due to a stockholder.

The Company had no long-term liabilities as of December 31, 2010; therefore
the Company had total liabilities of $289,726. This is in comparison to
December 31, 2009, where the Company had no long-term liabilities and total
liabilities of $189,480.

From inception (April 17, 2009) to September 30, 2011, net cash used in
operating activities totaled $32,175. Net cash used in investing activities
totaled $51,054 which was put into a certificate of deposit with a 4.8 year
maturity date. Net cash provided by financing activities since inception to
September 30, 2011 was $121,420 of which $35,650 was from proceeds from
issuance of common stock plus $137,519 advances from related parties which was
netted against $51,749 of payments to related parties. The resulting change
in cash for the period was an increase of $38,191. There was no cash balance
at inception. The cash balance on September 30, 2011 totaled $38,191.

The Company is not aware of any known trends, events or uncertainties which
may affect its future liquidity.

We are development stage and do not have a product commercially available for
sale. We do not expect to realize any revenue for several years. As such it is
imperative that the reader recognize that our primary source of working
capital will generally come from equity sales. We do, however, occasionally
apply for non-taxable grant funding to support our research and development
efforts. We currently have grant applications outstanding, however, we can
make no guarantees that any grant money will be awarded from these
applications. Our business is subject to risks inherent in the establishment
of a new business enterprise, including limited capital resources and possible
cost overruns.

----------------------------- Page 28 -----------------------------------------
<Page>
Quarterly Events

On April 1, 2011 the Company entered into a consulting agreement with its
Chief Medical Officer ("CMO") for the period of approximately 21 months ending
December 2012. Emerson C. Perin, MD, PhD has agreed to fill the role of our
Chief Medical Officer for the stated period. Compensation provided to the
Chief Medical Officer will be 30,000 shares of the Company's restricted common
stock, which will be earned by the consultant in two equal installments of
15,000 shares on April 1, 2011 and January 1, 2012. The fair market value
of the services to be performed and the compensation to be paid is estimated
to be $6,000. The services of our CMO during this period will be limited to
evaluating our clinical strategy and helping with any FDA pre-meetings and
clinical trial site selection and contract negotiation. At this time, our
CMO is being compensated solely in equity. Amortization as of September 30,
2011 is $1,714 and has been charged to operations and included in research and
development costs. A total of 30,000 shares over a 21 month period will be
paid representing compensation in the amount of $6,000. This arrangement may
be augmented with an hourly fee as we move closer to filing for an IND. If
this happens, we anticipate offering a similar compensation structure as
our CSO which would include a $200 per hour rate paid 50% in equity based
on the fair market value of the shares at the time and 50% in cash.

During the nine months ended September 30, 2011 the Company issued 18,750
shares of its common stock for services provided by its Chief Scientific
officer valued at $3,750. Our agreement with our CSO provides for compensation
in the form of $200 per hour for work performed. The expense is paid 50% in
equity valued at $0.20 per share and 50% in cash. The fair market value of our
shares used for compensation is $0.20 and is based on the pricing of our last
private place offering. Upon the effectiveness of this registration statement
and the establishment of a market for our common stock, the per share amounts
used for computing the number of shares paid for compensation will be based on
the fair market value at the time of expense recognition.

Off-Balance Sheet Arrangements
We have no significant off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial
condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that are
material to stockholders.

Future Financings
We will continue to rely on equity sales of our common shares in order to
continue to fund our business operations. Issuances of additional shares will
result in dilution to existing stockholders. There is no assurance that we will
achieve any additional sales of the equity securities or arrange for debt or
other financing to fund our operations and other activities.

Critical Accounting Policies
Our financial statements and accompanying notes have been prepared in
accordance with United States generally accepted accounting principles
applied on a consistent basis. The preparation of financial statements
in conformity with U.S. generally accepted accounting principles requires
management to make estimates and assumptions that affect the reported amounts
of assets and liabilities, the disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenues
and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to
prepare our financial statements. A complete summary of these policies is
included in the notes to our financial statements. In general, management's
estimates are based on historical experience, on information from third party
professionals, and on various other assumptions that are believed to be
reasonable under the facts and circumstances. Actual results could differ from
those estimates made by management.

Basis of Presentation

The Company follows accounting principles generally accepted in the United
States of America. In the opinion of management, all adjustments, consisting of
normal recurring adjustments, necessary for a fair presentation of financial
position and the results of operations for the periods presented have been
reflected herein.

Cash and Cash Equivalents
The Company considers all highly liquid debt instruments and other short-term
investments with maturities of three months or less, when purchased, to be cash
equivalents. The Company maintains cash balances at one financial institution
that is insured by the Federal Deposit Insurance Corporation ("FDIC") up to
$250,000. As of September 30, 2011, the Company's cash balances did not exceed
the FDIC limits.

Certificates of Deposit
Certificates of deposit totaling $51,054 are included as a certificate of
deposit classified under long-term assets in the accompanying financial
statements. The certificate bears interest of 2.3% and matures in 58 months,
with penalties for early withdrawal. Any penalties for early withdrawal would
not have a material effect on the financial statements.

----------------------------- Page 29 -----------------------------------------
<Page>
S Corporation-Income Tax Status
The Company, with the consent of its shareholders, has elected under the
Internal Revenue Code to be an S corporation. In lieu of corporation income
taxes, the shareholders of an S corporation are taxed on their proportionate
share of the Company's taxable income. Therefore, no provision or liability for
federal income taxes has been included in the financial statements. It is not
likely that the Company will continue to elect for tax treatment as an S
Corporation after the registration statement is effective. As such the change
from a taxable to a nontaxable entity will require some additional disclosure.
Any undistributed earnings and losses will be reclassified to additional
paid-in capital rather than included in in retained earnings (SAB Topic 4:B).
A deferred income tax asset or liability will be recognized for any temporary
differences at the date the nontaxable entity becomes taxable. The effect of
recognizing the deferred tax asset or liability will be included in income
from continuing operations. Additionally as the date of change from a
nontaxable entity to a taxable entity is recognized on the date of approval,
this date may not coincide with the financial statements. If this is the case,
the impact of the change will be disclosed as a subsequent event.

Revenue Recognition
The Company recognizes revenue when evidence of an arrangement exists, title
has passed (generally upon shipment) or services have been rendered, the
selling price is fixed or determinable and collectability is reasonably
assured. Revenue from product sales to new customers is recognized when all
elements of the sale have been delivered. All costs related to product
shipment are recognized at time of shipment. The Company does not provide
for rights of return to customers on product sales and therefore does not
record a provision for returns.

Property and Equipment
Property and equipment are stated at cost less accumulated depreciation and
amortization. Depreciation and amortization are calculated using the
straight-line method and with useful lives used in computing depreciation
ranging from 3 to 5 years. When property and equipment are retired or otherwise
disposed of, the related cost and accumulated depreciation are removed from
the respective accounts, and any gain or loss is included in operations.
Expenditures for maintenance and repairs are charged to operations as incurred;
additions, renewals and betterments are capitalized.

Long-Lived Assets
The Company accounts for its long-lived assets in accordance with Accounting
Standards Codification ("ASC"). ASC Topic 360-10 requires that long-lived
assets be reviewed for impairment whenever events or
changes in circumstances indicate that the historical cost carrying value of
an asset may no longer be appropriate. The Company assesses recoverability of
the carrying value of an asset by estimating the future net cash flows expected
to result from the asset, including eventual disposition. If the future net
cash flows are less than the carrying value of the asset, an impairment loss
is recorded equal to the difference between the asset's carrying value and
fair value or disposable value. As of September 30, 2011, the Company has
determined that none of its long-term assets were impaired.

Research and development
The Company accounts for research and development costs in accordance with the
Accounting Standards Codification subtopic 730-10, Research and Development
("ASC 730-10"). Under ASC 730-10, all research and development costs must be
charged to expense as incurred. Accordingly, internal research and development
costs are expensed as incurred. Third-party research and development costs are
expensed when the contracted work has been performed or as milestone results
have been achieved. Company-sponsored research and development costs related
to both present and future products are expensed in the period incurred. For
the nine months ended September 30, 2011 and 2010, the Company incurred
research and development expenses of $128,975 and $122,651, respectively.
For the three months ended September 30, 2011 and 2010, the Company incurred
research and development expenses of $52,160 and $30,466, respectively.

Use of Estimates
The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosures of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenue
and expenses during the reporting period. Actual results could differ from
those estimates.

Fair Value of Financial Instruments
Pursuant to ASC No. 820, Fair Value Measurements and Disclosures, the Company
is required to estimate the fair value of all financial instruments included on
its balance sheet as of September 30, 2011. The Company's financial instruments
consist of payables and due to related party. The Company considers the
carrying value of such amounts in the financial statements to approximate
their fair value due to the short-term nature of these financial instruments.

Loss Per Share of Common Stock
The Company follows ASC No. 260, Earnings Per Share (ASC No. 260) that
requires the reporting of both basic and diluted earnings (loss) per share.
Basic earnings (loss) per share is computed by dividing net income (loss)
available to common stockholders by the weighted average number of common
shares outstanding for the period. The calculation of diluted earnings (loss)
per share reflects the potential dilution that could occur if securities or
other contracts to issue common stock were exercised or converted into common
stock. In accordance with ASC No. 260, any anti-dilutive effects on net
earnings (loss) per share are excluded. There were no potential dilutive
common shares at September 30, 2011 or September 30, 2010.

Concentration of Credit Risk
The Company maintains its cash in domestic financial institutions subject to
insurance coverage issued by the Federal Deposit Insurance Corporation (FDIC).
Under FDIC rules, the Company is entitled to aggregate coverage as defined by
Federal regulation per account type per separate legal entity per financial
institution. During the nine months ended September 30, 2011 and 2010, and
subsequent thereto, respectively, the Company, has not had deposits in a
financial institution with credit risk exposures in excess of statutory FDIC
coverage.

----------------------------- Page 30 -----------------------------------------
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Share-Based Compensation
The Company accounts for stock-based compensation under ASC Topic 505-50,
This standard define a fair value-based method of accounting for stock-based
compensation. The cost of stock-based compensation is measured at the grant
date based on the value of the award and is recognized over the period in
which the Company expects to receive the benefit, which is generally the
vesting period. The Company adopted its 2010 Stock Option Plan in May of
2010 allowing for a maximum of five million shares to be issued. At
September 30, 2011, no options have been granted.

The following table highlights all of our equity based transactions from
inception through October 12, 2011.

Equity Schedule

1/3/2010 Change of authorized capital to 15,000,000 shares / restated par value of $0.001

Common Shares Paid-in
---------------- Capital
Shares Amount (Deficit) Related Party (Y/N)
------- -------- ---------- -------------

4/9/2009 Shares issued to president/founder at inception 1,500 1.50 298.50 Yes
------- -------- ---------- -------------
Balance at December 31, 2009, retroactively restated 1,500 1.50 298.50

1/4/2010 Cancellation of $50k in shareholder loan bal converted
to equity 11,000,000 11,000.00 39,000.00 Yes
3/1/2010 Equity per subscription agreement $0.20/share 70,000 70.00 13,930.00 No
6/30/2010 R. Sinbaldi payment of svc's with stock per agreement 5,000 5.00 995.00 Yes
7/29/2010 Equity per subscription agreement $0.20/share 25,000 25.00 4,975.00 No
7/31/2010 R. Sinbaldi payment of svc's with stock per agreement 2,500 2.50 497.50 Yes
9/9/2010 Equity per subscription agreement $0.20/share 43,250 43.25 8,606.75 No
12/31/2010 R. Sinbaldi payment of svc's with stock per agreement 2,500 2.50 497.50 Yes
Adjustment (298.50)

---------- --------- ----------
BALANCE December 31, 2010, as restated 11,149,750 11,149.75 68,501.75
---------- --------- ----------

1/31/2011 R. Sinbaldi payment of svc's with stock per
agreement ($0.20 /share) 1,500.00 1.5 298.50 Yes
2/28/2011 R. Sinbaldi payment of svc's with stock per
agreement ($0.20 /share) 2,000.00 2 398.00 Yes

---------- --------- ----------
BALANCE March 31, 2011, as restated 11,153,250 11,153.25 69,198.25
---------- --------- ----------

4/1/2011 Dr. Perin MD 15,000 shares for consulting 15,000.00 15.00 2,985.00 Yes
4/11/2011 Shares issued for cash at $0.20/share 7,500.00 7.50 1,492.50 No
4/30/2011 R. Sinbaldi payment of svc's with stock per
agreement ($0.20 /share) 4,500.00 4.50 895.50 Yes

5/20/2011 Change of authorized capital to 25,000,000 shares

5/31/2011 R. Sinbaldi payment of svc's with stock per
agreement ($0.20 /share) 3,000.00 3.00 597.00 Yes
6/30/2011 R. Sinbaldi payment of svc's with stock per
agreement ($0.20 /share) 250.00 0.25 49.75 Yes
6/30/2011 Payment for financial services- invoice for $880
to stock @ $0.20/sh 4,400.00 4.40 875.60 No

---------- --------- ----------
BALANCE June 30, 2011, as restated 11,185,900 11,185.90 76,193.60
---------- --------- ----------

7/31/2011 R. Sinbaldi payment of svc's with stock per
agreement ($0.20 /share) 2,500.00 2.50 497.50 Yes
8/12/2011 Equity per subscription agreement $0.20/share 32,500.00 32.50 6,467.50 No
8/31/2011 R. Sinbaldi payment of svc's with stock per
agreement ($0.20 /share) 2,500.00 2.50 497.50 Yes
9/30/2011 R. Sinbaldi payment of svc's with stock per
agreement ($0.20 /share) 2,500.00 2.50 497.50 Yes

---------- --------- ----------
BALANCE September 30, 2011, as restated 11,227,900 11,227.90 84,153.60
---------- --------- ----------

Recently Issued Accounting Pronouncements
The Company has implemented all new accounting pronouncements that are in
effect. These pronouncements did not have any material impact on the financial
statements unless otherwise disclosed, and the Company does not believe that
there are any other new accounting pronouncements that have been issued that
might have a material impact on its financial position or results of
operations.

QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
Our exposure to market risk is confined to our cash and cash equivalents, all
of which are held in US dollar denominated cash. The goal of our investment
policy is to preserve capital and maintain liquidity as needed to allow for
the fastest completion of our development program. We do have operations in
foreign countries including Korea and China. While the China currency is
currently pegged to the US dollar, there is risk that this policy will shift
in the future. We attempt to mitigate the risk posed by currency fluctuations
by negotiating our contracts to be payable in US dollars. All of our current
contracts have been negotiated in this manner. We currently have not entered
into any hedging or derivative contracts.

----------------------------- Page 31 ----------------------------------------
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STOCK OPTION PLAN
On May 5, 2010 we adopted the 2010 Stock Option Plan (the "Plan") under which
our officers, directors, consultants, advisors and or employees may receive
stock options. The aggregate number of shares of common stock that may be
issued under the plan is 5,000,000. The purpose of the Plan is to assist
us in attracting and retaining selected individuals to serve as directors,
officers, consultants, advisors, and employees of Cardigant who contribute
to our success, and to achieve long-term objectives that will be to the benefit
of all shareholders through the additional incentive commensurate in the
ownership of our common stock. Options granted under the plan will be either
"incentive stock options", intended to qualify as such under the provisions of
section 422 of the Internal Revenue Code of 1986, as from time to time amended
(the "Code") or "unqualified stock options."

The Plan will be administered by the Board of Directors who will set the terms
under which options are granted. No options have been granted under the Plan
as of the date of this prospectus.

DESCRIPTION OF OUR BUSINESS
Overview
We are a pre-clinical stage biotechnology company focused on systemic and local
drug delivery for the treatment of cardiovascular and peripheral vascular
disease. Cardigant was founded to capitalize on the belief that local drug
delivery to the vasculature holds the potential to improve outcomes and treat
previously untreated disease segments most notably vulnerable atherosclerotic
plaque lesions of the coronary, peripheral, and neuro vasculatures. Our primary
focus is on treating atherosclerosis and plaque stabilization using targeted
delivery of large molecule therapeutics based on high density lipoprotein
(HDL) targets. Circulating plasma levels of HDL are inversely correlated with
coronary artery disease. Towards this goal, we are evaluating various apao-1
based protein formulations that are delivered systemically and via a catheter
from the endoluminal surface to the adventitial and perivascular space of one
or more lesions as identified by intravascular ultrasound (IVUS) and or optical
coherence tomography (OCT). Our product candidate will consist of the
administration of a recombinant protein based on the apao-1 protein. Our drug
candidate will consist of the protein sequence based on the apoa-1 protein
whose primary function is the promotion of reverse cholesterol transport (RCT)
from the arterial wall to the liver for catabolism and excretion.
Apolipoprotein A-I is a protein that in humans is encoded by the Apoa-1 gene.
It has a specific role in the metabolism of lipids. Naturally occurring Apoa-1
is the major protein component of HDL also known as the good cholesterol.
Apoa-1 protein constitutes roughly 70% of the HDL composition. We have
evaluated the systemic administration of our drug candidate and the catheter
based local delivery as a method for specifically reducing the plaque content
and burden within one or more adjacent sites.

----------------------------- Page 32 ----------------------------------------
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Our Business Strategy
Our goal is to establish proof of concept for our drug compound and
delivery method. We have secured rights to one potential compound, evaluated
various sequence mutations and our combined delivery method in various
pre-clinical experiments. These pre-clinical experiments have consisted of both
normal and diseased animal models evaluating various safety and performance
criteria of our research studies. To date we have conducted pre-clinical
experiments in mice, rabbits and pigs. In each experiment we attempted to
evaluate various performance characteristics in an effort to optimize our
compound and evaluate its relative safety and effectiveness over a positive
control or known standard. These performance characteristics have included the
ability to mediate inflammatory markers such as vascular adhesion molecule one
and intracellular adhesion molecule one as well as cardiac troponin.
Additionally we have evaluated the ability of our compound to be taken up by
the local vascular tissues and bind with cholesterol. From a safety standpoint
we have primarily evaluated the tolerability of our test article at different
molar ratio's, protein concentrations, phospholipid structures and timing of
dosing. In these studies safety refers to the acute response to the test
article in the various configurations looking at acute survival and drug
mediated inflammatory response. We are now attempting to finalize our drug
protein sequence and formulation as well as our manufacturing sourcing
including finding a suitable vendor, process development and GMP manufacturing
capability. Additionally we are going through our regulatory strategy to enable
us to establish proof of concept. We define proof of concept as evidence
established through human trial (s) of the ability of our compound and
delivery method to safely reduce the atheroma burden on
atherosclerotic lesion (s) as measured by intravascular ultrasound and or
optical coherence tomography. While our business goal is to establish this
clinical evidence and then seek larger pharma partners to continue the
clinical development, we are also preparing contingency plans in the event
we are unable to locate or come to acceptable terms with a strategic partner.
As we are currently very cash limited, we will be seeking to raise additional
funds at some point after this registration statement is declared effective.
Our corporate philosophy is to try and do as much as possible without spending
more than necessary. We believe we have an obligation to our current and future
shareholders to only do that which is necessary to achieve our business goals
and to execute our business plan in the shortest period of time. Regardless
of the outcome, we believe it is our corporate mandate to determine if our
technology will work for its stated indication as quickly as possible.

Scientific Background of Apoa-1
Wild type Apolipoprotein A-1 is a protein that in humans is encoded by the
Apoa-1 gene. It has a highly specific role in the excretion and metabolism
of lipids. Apoa-1 is the major protein component of HDL in plasma . The
protein comprises approximately 70% of the total protein content of HDL and
promotes cholesterol efflux from tissues to the liver for excretion. The exact
method of activation of the RCT process is still being evaluated, but it is
known that apoa-1 has interaction with Lecithin Cholesterol Acyltransferase
(LCAT). LCAT is a major enzyme involved in the esterification of free
cholesterol present in circulating plasma lipoproteins and as such is a
major determinant of plasma HDL concentrations The enzyme is bound to
high-density lipoproteins (HDLs) and low-density lipoproteins in the
blood plasma. Apoa-1 is a modulator of this interaction.

Our drug candidate will consist of the systemic or catheter based delivery of
a recombinant apoa-1 based protein in a phospholipid formulation. We have
entered into a license agreement for one potential product candidate, but have
not determined if we will advance this compound to the clinic or not. There are
no penalties if we choose to not pursue this compound clinically. This licensed
compound is known internally as CMI-121. The gene, protein product and method
of manufacture are covered by patent number US2005287636(A1) -
"ProapolipoproteinA-I mutant and pharmaceutical composition comprising the same
for prevention and treatment of atherosclerosis and hyperlipidemia." We have
secured exclusive US rights and cooperation from the inventor, Dr. Kyun-Hyun
Cho of Yeungnam University through the Industry Academy Cooperation Foundation
of Yeungnam University of South Korea. The discovery was made after 10 years
of research on the structure and function of the apoa-1 protein and its role
in RCT. The premise of the work is that the primary binding and LCAT activation
occurs within the helix 6 domain of the apoa-1 protein. The 143-165 residues
were iteratively evaluated for their effect on dimyristoyl phosphatidylcholine
(DPMC - egg yolk) clearance and the conversion from discoidal to spherical
HDL particles, both of which are thought to be measures for the in vivo
evaluation of RCT. Ultimately it was discovered that the substitution of a
positively charged amino acid (lysine) at residue 156 resulted in the optimal
synthetic sequence. We currently have one licensing Agreement with Yeungnam
University covering the license of CMI-121. Our licensing agreement subjects
us to both milestone and royalty obligations that are tied to the
commercialization of CMI-121 in the US only. Within 60 days of the first
commercial sale in the US, we are required to pay a milestone fee to Yeugnam
University in the sum of $200,000. Upon US commercialization, we are subject
to a 3% royalty payable in quarterly installments to Yeugnam University based
on average selling prices of our product in the US. We are not required to
make any milestone or royalty payments on any sales generated outside of the
US. The royalty obligation continues for the life of the patent in the US
which is expected to continue through 2024 (not including any Hatch-Waxman
extensions). We are not subject to any other monetary obligations relating to
our license and development of CMI-121. Upon commercialization of a product
using the patented gene sequence, we would become subject in addition to the
monetary obligations of certain performance obligations. These include annual
reports of all US sales within 30 days of the end of the calendar year,
customary accurate and complete record keeping for twenty four months of all
transactions related to the patent and the ability to be audited if
discrepancies arise. Additionally we have certain rights but not obligations
with respect to patent enforcement and defending against infringement claims.

As stated above, we have not decided if we will pursue this compound clinically
as we are still evaluating other similar, but non patented sequences that do
not have a royalty burden or other performance obligations associated with
them. We are conducting research and analyzing our existing data to determine
which compound sequence and formulation we will attempt to advance to the
clinic. The monetary obligations will form part of the decision criteria.
Additional factors will include pre-clinical efficacy data and ability to
scale up manufacturing of the compound.

----------------------------- Page 33 ----------------------------------------
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Stated in less technical terms, apoa-1 is believed to be responsible for
attaching to cholesterol and lipids within certain cells and in the area
around the cells. Once the apoa-1 binds to the lipid material, it re-enters
the bloodstream and it travels to the liver where the product is broken down
and excreted. This is the main role of HDL cholesterol which is also why it
is known as the "good cholesterol." HDL is normally synthesized in the
liver and enters the bloodstream where it travels to sites of plaque
accumulation. The exact signaling mechanism is not clear at this time.
It may be simply at times by diffusion across the endothelial gap junctions
and cell signaling by macrophages at others. LDL does this process essentially
in reverse. Its primary purpose is to carry lipid material that is required
for cells and other tissues to function properly. So a certain amount of LDL
is necessary, but probably not the levels that most on a western diet will
achieve. The ratio of LDL to HDL is very important. As this ratio leans in
favor of LDL, the plaque accumulation rate picks up. This is where HDL or
more specifically, Apoa-1 therapy comes in. Our drug candidate is being
designed to try and accentuate this ability to lower plaque burden. This is a
short term treatment. The goal is simply to reduce a patient's plaque burden
in a region of interest and thus potentially reduce a patient's risk category.
After the treatment, the patient will need to alter his or her lifestyle and
eating habits to avoid returning to a higher risk category.

Preclinical Research - Rationale for the Use of an HDL based therapeutic
compound for the treatment of vascular disease. We and researchers at other
institutions have evaluated the safety and efficacy of recombinant HDL based
therapeutics in small and large animal studies. To date, more than 5 studies
have been completed by us on animals including rodents, rabbits and pigs. In
these studies we evaluated the binding characteristics of the protein to
cholesterol, the clearance rate of the protein in its bound state, the
interaction with LCAT, the tolerability of differing doses and concentrations,
two different cell transfection methods, and a viral expression promoter for
transgene expression into skeletal muscle. In three of these
studies we evaluated the relative efficacy of CMI-121 versus the wild type
apoa-1 and the R173C naturally occurring mutation. The R173C mutation has been
successfully evaluated in humans. In all three studies, CMI-121 showed
equivalent or superior benefits to the R173C mutation and was superior to the
wild type in all experiments. In the last two experiments, one of which was a
large animal study, we have completed dosing and concentration studies. We are
now preparing our protocols for pharmacodynamic and toxicology studies in
preparation for a First In Man regulatory submission.

----------------------------- Page 34 ----------------------------------------
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Market Opportunity for an HDL based therapeutic
Sixty - eighty percent of new and recurrent heart attacks in the United States
each year are caused by a ruptured plaque lesion (935 thousand new cases in the
US alone (2009 American Heart Association) , 2.2 million in the US, Europe and
Japan combined representing a multibillion US dollar market opportunity. The
risk of CMI-121 and for the company is whether our product will achieve
clinically relevant endpoints in a safe and cost effective manner.

Clinical Development of an HDL based therapeutic
It is our goal to initiate a First In Man clinical study before the end of
2012. Based on our current regulatory strategy, we expect this trial to be
in the US. We have been in discussions with Clinical Research Organizations
and are currently conducting our pre-clinical studies based on the submission
requirements necessary for a US first in man trial.

Manufacturing
The method for locally delivering our drug candidate currently requires two
products, a biologic and one FDA approved catheter. The catheter is owned and
supplied by Mercatur Medsystems of San Leandro, CA and does not require any
additional process or product development. They have established GMP
manufacturing for this catheter and we expect that they will continue to be
our supplier. In the future we will be required to negotiate a definitive
supply agreement that will guarantee us a steady supply or provide us the
right to establish 3rd party manufacturing. If we are unable to negotiate a
supply agreement on favorable terms, we have developed local delivery catheters
that can be used as a substitute. We are capable of producing small batches of
material for evaluation in our lab. We are currently working on process
development and clinical grade standard operating procedures. Once we have a
validated process for our protein complex, we will look to find a qualified
vendor. We do not anticipate the purchase of any equipment within the next 12
months in order to execute our business plan. Occasionally we will contract
with a contract manufacturer to produce larger quantities. We do not currently
have any open contracts for any protein purchases with any vendor.

Sales and Marketing
We currently do not have any sales and marketing infrastructure and do not
plan on establishing any within the next few years. We expect to pursue
strategic marketing and distributing collaboration when that time comes.

Intellectual Property
Our intellectual property is divided into four (4) categories: Compound,
delivery method, transfection, supply agreements.

Compound: We have exclusive US rights to patent US2005287636(A1) - "Proap
olipoproteinA-I mutant and pharmaceutical composition comprising the same for
prevention and treatment of atherosclerosis and hyperlipidemia" and related
filings. This patent has been issues in Korea and the US and covers the gene
sequence, protein product, and ecoli expression system method for manufacture.
It is anticipated that this patent will expire in 2024 not including any
potential extensions based on the Hatch-Waxman Act. We have not determined if
we will advance this compound into the clinic, however, we do have rights to
do so in the US. As stated elsewhere, we have not made a determination as to
whether we will advance this compound into the clinic as we are evaluating
other similar but non patented protein sequences. As such it is possible
that we may not have patent protection for a drug that we decide to advance
into the clinic.

Delivery Method: We expect to file provisional applications related to the
delivery method that we have pre-clinically evaluated. There is no guarantee
that we will file a patent application within the required one year time
frame after the provisional filing. Additionally there is no guarantee that
an actual patent will be issued. The provisional application process provides
a recorded date of file for the US market. It also allows for priority to be
claimed internationally if a patent application is filed within the US within
the one year timeframe.

Supply Agreements: We do not plan to initiate any First in Man studies without
all required Material Supply Agreements in place to ensure the required supply.
Additionally we plan to seek exclusive supply agreements for the Field in which
we are operating. How the Field gets defined and what level of exclusivity is
subject to negotiations.

Know-how: We have developed proprietary standard operating procedures and
animal models for producing and evaluating our technology. We consider these
processes and methods confidential to our business. As such we seek to limit
disclosure of this information to those parties that consent to signing
confidentiality agreements limiting their ability to act on such information
and to disclose to others.

Additionally, we have generated know-how related to the manufacturing of our
biologic products as we have produced small scale batches. Some of this
know-how may be relevant for larger scale production.

----------------------------- Page 35 ----------------------------------------
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Competition
Our industry is subject to rapid and intense technological change. We will
without a doubt face companies with better capitalization and technological
expertise. The vascular space is fiercely competitive and there are numerous
compounds and delivery approaches under study. Specifically related to apoa-1,
there are 4 companies that we are aware of working in this area.

In December 2009, Pfizer licensed its rights to the apao-1 Milano program to
the Medicine Company. The terms called for $10 million upfront with various
development milestones and royalties payable to Pfizer if the development is
successful. Apoa-1 Milano (also known as R173C) has been previously evaluated
in humans and found to reduce plaque by approximately 5% after a series of
injections given once a week.

Resverlogix Corporation of Calgary, BC Canada is currently conducting a phase
II study evaluating its apoa-1 small molecule. It's using a flavenoid
derivative given daily in oral form for the enhanced transcription of apoa-1.
Cerenis Corporation of Ann Arbor, MI and France is currently developing an HDL
based therapy (CER-001) for treating acute coronary syndromes. The compound is
currently in phase II trials.

CSL Limited of Australia is currently developing an HDL based compound derived
from human plasma. Their compound (CSL-112) is currently in a small phase I
trial.

Related Party Transactions
The Company has thus far received most of its working capital from its founder
Jerett A. Creed. These costs have been carried as a shareholder loan accruing
interest at the rate of 5% per annum. On January 4th, 2010, Mr. Creed converted
$50,000 of his outstanding shareholder loan balance in exchange for eleven
million shares of the Company. There was no compensation or interest expense
included in the conversion. The amount due at September 30, 2011, including
accrued interest amounted to $35,769. For the nine months ended September 30,
2011, interest in the amount of $1,900 had been accrued and charged to
operations. The outstanding loan balance due Mr. Creed as of September 30,
2011 is approximately $36 thousand.

U.S. Government Regulation
In the United States, our product candidate will be regulated by the FDA as a
biological product. Biological products are subject to regulation under the
Federal Food, Drug, and Cosmetic Act, the Public Health Service Act, and
related regulations, and other federal, state and local statutes and
regulations. Failure to comply with the applicable U.S. regulatory requirements
at any time during the product development process, approval process or after
approval, may subject an applicant to administrative or judicial sanctions.
These sanctions could include the imposition by the FDA or an Institutional
Review Board, or IRB, of a clinical hold on trials, the FDA's refusal to
approve pending applications or supplements, withdrawal of an approval,
warning letters, product recalls, product seizures, total or partial
suspension of production or distribution, injunctions, fines, civil penalties
or criminal prosecution. Any agency or judicial enforcement action could have
a material adverse effect on us.

The process for FDA approval for a drug or biologic in the US can be a costly
and lengthy process. In general it is divided into four phases of development.
These include the pre-clinical phase, phase I, phase II and phase III. During
the pre-clinical phase all studies are designed in animals to establish the
correct dosage level, the frequency and method of administration and the short
and long term survival of the animals. During phase I, a small scale human
study is initiated usually in healthy human subjects looking at how well the
drug is tolerated, how it is processed by the human body, and the correct
dosing. During phase II, it is then tested for effectiveness for its intended
disease treatment in a small number of patients, usually between 100-300.
During phase III, a large scale study is performed of the effectiveness and
side effects of the drug in a larger population. This can be between 350 up
to several thousand patients. The FDA will look at the Phase III data to
determine if the drug is safe and effective for its intended treatment.

Combination Products
The FDA has the authority to approve and regulate combination products. A
combination product may include a product that includes two or more regulated
components such as a biologic product and a device that are combined or
produced as a single entity. We believe our drug candidate will fall into the
category of a combination product if it delivered locally through a catheter
based device. For regulatory filing purposes, the FDA looks at primary means
by which a product achieves its most significant therapeutic function. If the
function is largely biologic, the FDA office focused on biologics will likely
regulate the submission and approval process.

As described above, the process for FDA approval of a drug or biologic can be
lengthy and expensive. The general process for approval of a combination
product is fairly similar to that of a stand alone drug. All of the required
phases for a stand alone drug are also required for a combination device. The
main difference is that the safety and effectiveness is typically measured
locally which requires studies and outcomes measurements that emphasize the
local effects. For example in establishing the safety profile of a
systemically administered drug, you would be concerned with exposure in all
major organs, whereas a locally delivered drug administered via a combination
product would focus more on local tissue effects.

Privacy Laws
Federal and state laws govern our ability to obtain and, in some cases, to use
and disclose data we need to conduct research activities. Through the Health
Insurance Portability and Accountability Act of 1996, or HIPAA, Congress
required the Department of Health and Human Services to issue a series of
regulations establishing standards for the electronic transmission of
certain health information. Among these regulations were standards for the
privacy of individually identifiable health information. HIPAA does not
preempt, or override, state privacy laws that provide even more protection
for individuals' health information. These laws' requirements could further
complicate our ability to obtain necessary research data from our
collaborators. In addition, certain state privacy and genetic testing laws
may directly regulate our research activities, affecting the manner in which
we use and disclose individuals' health information, potentially increasing
our cost of doing business, and exposing us to liability claims. In addition,
patients and research collaborators may have contractual rights that further
limit our ability to use and disclose individually identifiable health
information. Claims that we have violated individuals' privacy rights or
breached our contractual obligations, even if we are not found liable,
could be expensive and time-consuming to defend and could result in adverse
publicity that could harm our business.

----------------------------- Page 36 ----------------------------------------
<Page>
Other Regulations
In addition to privacy law requirements and regulations enforced by the FDA,
we also are subject to various local, state and federal laws and regulations
relating to safe working conditions, laboratory and manufacturing practices,
the experimental use of animals and the use and disposal of hazardous or
potentially hazardous substances, including chemicals, micro-organisms and
various radioactive compounds used in connection with our research and
development activities. These laws include, but are not limited to, the
Occupational Safety and Health Act, the Toxic Test Substances Control Act
and the Resource Conservation and Recovery Act. Although we believe that
our safety procedures for handling and disposing of these materials comply
with the standards prescribed by state and federal regulations, we cannot
assure you that accidental contamination or injury to employees and third
parties from these materials will not occur. We may not have adequate
insurance to cover claims arising from our use and disposal of these
hazardous substances. We do maintain a $2 million general liability policy
for our work that is conducted at our Pasadena laboratory.

Foreign Regulation
In addition to regulations in the United States, we may be subject to a
variety of foreign regulations governing clinical trials and commercial sales
and distribution of biological products. Whether or not we obtain FDA approval
for a product, we must obtain the requisite approvals from regulatory
authorities in foreign countries prior to the commencement of clinical trials
or marketing of the product in those countries. The requirements governing
the conduct of clinical trials and the approval process vary from country to
country and the time may be longer or shorter than that required for FDA
approval.

Employees
As of September 30, 2011 we had three employees, Jerett Creed serving as our
Chief Executive Officer and Chief Financial Officer, Ralph Sinibaldi, PhD
serving as our Chief Scientific Officer and Emerson Perin, MD, PhD serving as
our Chief Medical Officer. Mr. Creed's Employment Agreement extends until he
is no longer able or willing to provide services to us. Mr. Creed is entitled
to annual compensation in the amount of $120,000 per year. Additionally the
agreement provides for 5% accrued annual interest on the outstanding principle
balance for any funds advanced to us or unreimbursed by us from the employee
for recognized business expenses. Dr. Sinibaldi is being compensated on an
hourly basis for time served paid as a mixture of cash and stock. Our CSO is
currently compensated at the rate of $100/ hour plus the equivalent of $100/
hour of compensation paid in equity priced at $0.20 per share. This equity
conversion price will increase to the amount of our offering price once the
price is determined. Dr. Perin is being compensated solely in equity. A total
of 30,000 shares over a 21 month period will be paid representing compensation
in the amount of $6,000. This arrangement may be augmented with an hourly fee
as we move closer to filing for approval to conduct a clinical study. If this
happens, we anticipate offering a similar compensation structure as our CSO
which would include a $200 per hour rate paid 50% in equity based on the fair
market value of the shares at the time and 50% in cash.

We estimate that we need to hire an additional 6 full
time equivalent staff in the next 12-18 months including two officer
level positions.

Facilities
Our corporate headquarters are located in Manhattan Beach, CA and we maintain
a working laboratory in Pasadena, CA.

Legal Proceedings
We are not currently a party to or engaged in any material legal proceedings.
However, we may be subject to various claims and legal actions arising in the
ordinary course of business from time to time.

----------------------------- Page 37 ----------------------------------------
<Page>
DIRECTORS AND EXECUTIVE OFFICERS

Jerett A. Creed
Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer
(Age: 38, has served in the above capacities since our founding.)

Mr. Creed has more than 15 years of medtech experience including 11 years with
Johnson & Johnson in roles ranging from manufacturing, quality, product
development, and M&A/ licensing transactions focused on cardiology assets and
technologies including drug delivery devices, cell and gene based therapeutics,
and mechanical implants. His primary focus was on optimized delivery strategies
for large molecule therapeutics for treating ischemia related congestive heart
failure and vascular disease. Mr. Creed was the Director of Business
Development and R&D for Biologics Delivery Systems, a division of Cordis
Corporation (a Johnson & Johnson Company). Upon leaving Biologics Delivery
Systems he was a co-founder of Silverpoint Therapeutics, LLC. Silverpoint
designed and developed a percutaneous transendocardial injection catheter
for the delivery of cell and gene based therapeutics to the myocardium. The
company is currently in negotiations to be sold. Mr. Creed then went on to form
Cardigant Medical Inc. with a belief that local drug delivery to the
vasculature could improve clinical outcomes and reduce healthcare costs.
Cardigant is currently focused on the use of specially designed delivery
catheters for the targeted delivery of apoa-1 based therapeutics for treating
vascular disease and aortic valve stenosis. Mr. Creed has designed and
executed various pre-clinical studies in large and small animal models as part
of numerous product development programs and has been involved with the
commercialization in both the US and Europe of several cardiovascular related
technologies including some of the first drug coated stent concepts. He has
completed several licensing and technology development contracts, and has been
involved in a leadership role with over $600 million in M&A transactions. Mr.
Creed serves as the sole board member of Cardigant until additional
appointments are made. He holds a bachelor of science degree in engineering and
a master of science degree in accounting, both from the University of Miami.

Ralph Sinibaldi, PhD
Vice President & Chief Scientific Officer
(Age: 63, has served in the above capacity since 2009)

Dr. Sinibaldi's career has spanned more than 30 years of senior level
biotechnology management and research including positions as VP of Product
development at GenoSpectra, VP of Scientific Affairs at Operon technologies,
VP of Product Development at Iris Biotechnologies and Senior Staff Scientist
at Sandoz. His particular expertise and research have focused in the areas of
gene expression, protein production optimization, and nucleic acid
hybridizations. Dr. Sinibaldi serves as the Chief Scientific Officer for
Cardigant Medical and is largely responsible for its assay development work,
apoa-1 protein production scale up and vector optimization. He has extensive
experience is designing, conducting and supervising complex in vitro and in
vivo experimental programs. Dr. Sinibaldi holds both a BS and MS in biological
sciences and a PhD in experimental biology all from the University of Illinois
at Chicago. Additionally Dr. Sinibaldi completed post docs in biochemistry from
the University of Illinois College of Medicine and developmental biology from
the University of Chicago.

Emerson C. Perin, MD, PhD, FACC
Chief Medical Officer
(Age: 52, has served in the above capacity since April 2011)

Dr. Perin is the Director of Clinical Research for Cardiovascular Medicine and
the Medical Director of the Stem Cell Center at the Texas Heart Institute at
St. Luke's Episcopal Hospital. He is a Clinical Assistant Professor of Internal
Medicine both at Baylor College of Medicine and The University of Texas Health
Science Center at Houston and a staff interventional cardiologist at St. Luke's
Episcopal Hospital. Dr. Perin has provided innovative cardiovascular care for
18 years, focusing on minimally invasive interventional approaches to therapy.
For the past 10 years, his major research interest has been the study of adult
stem cells and biologics for the treatment of acute myocardial infarction,
chronic heart failure, and peripheral vascular disease. Dr. Perin is an expert
in stem cell therapy and delivery. He was the first investigator in the United
States to receive approval from the Food and Drug Administration to inject stem
cells directly into the hearts of patients suffering from heart failure. Dr.
Perin serves as the Chief Medical Officer for Cardigant Medical and is largely
responsible for ensuring the designs of its pre-clinical programs translate
into innovative clinical products.

Board Committees
Upon the completion of this offering, we will begin the process for nominating
additional board members. We anticipate having an initial board composition of
five (5) with at least two (2) external members. We anticipate compensation in
the range of $3,000 per year plus the addition of 20,000 stock options priced
at fair market value at the time of granting and the annual renewal thereof.

Audit Committee
Upon the appointment of our additional board members, we anticipate that two
(2) will be independent per the applicable listing standards. It is our goal
that one of these members serve with our Chief Financial Officer to make up
the initial audit committee.

----------------------------- Page 38 ----------------------------------------
<Page>
EXECUTIVE COMPENSATION
Compensation Discussion and Analysis
Our executive compensation program is designed to help us attract talented
individuals to manage and operate all aspects of our business, to reward those
individuals fairly over time and to retain those individuals who continue to
meet our high expectations. As a development stage company, we are limited in
the amount of cash compensation we can offer to accomplish this goal. As such
a large part of our executive compensation going forward will be based on our
Stock Option Plan. Currently only or CEO and CFO (currently served by the same
person) is compensated at the rate of $120,000 annually. This compensation has
not been paid and is simply being accrued pending sufficient funding. Our CSO
is being compensated on an hourly basis for time served paid as a mixture of
cash and stock. Our CSO is currently compensated at the rate of $100/ hour
plus the equivalent of $100/ hour of compensation paid in equity priced at
$0.20 per share. This equity conversion price will increase to the amount of
our offering price once the price is determined. Our CMO is being compensated
solely in equity. A total of 30,000 shares over a 21 month period will be paid
representing compensation in the amount of $6,000. This arrangement may be
augmented with an hourly fee as we move closer to filing for an IND. If this
happens, we anticipate offering a similar compensation structure as our CSO
which would include a $200 per hour rate paid 50% in equity based on the fair
market value of the shares at the time and 50% in cash.

Summary Compensation Table

Name & Principle Position Fiscal Year Base Compensation Total Annual
Structure Bonus Stock Options Compensation

Jerett A. Creed; CEO, CFO, CAO, Director 2011 $120,000 $0 $0 $120,000
2010 $120,000 $0 $0 $120,000

Ralph M. Sinibaldi, PhD; CSO 2011 $200/ hour $0 $0 Hourly
2010 $200/ hour $0 $0 Hourly

Emerson C. Perin, MD, PhD; CMO 2011 15,000 shares $0 $0 $3,000
(valued at $0.20 /sh)
2010 None $0 $0 None

EXPERTS
Jonathan P. Reuben, a Accountancy Corporation ("Auditor") an independent
registered public accounting firm, has audited our financial statements at
December 31, 2009 and 2010 and from inception (April 17,2009) through
December 31, 2010 as set forth in their report. We have included
our financial statements in the prospectus and elsewhere in the registration
statement in reliance of Auditor's report, given on their authority as experts
in accounting and auditing.

The validity of the issuance of the common stock offered in this prospectus has
been passed upon by the Jannol Law Group of Los Angeles, California.

WHERE YOU CAN FIND ADDITIONAL INFORMATION
We have filed with the SEC a registration statement on Form S-1 under the
Securities Act, with respect to the shares of common stock being offered by
this prospectus. This prospectus does not contain all of the information in
the registration statement and its exhibits. For further information with
respect to the Company, we refer you to the registration statement and its
exhibits. Statements contained in this prospectus as to the contents of any
contract or any other document referred to are not necessarily complete, and
in each instance, we refer you to the copy of the contract or other document
filed as an exhibit to the registration statement. Each of these statements
is qualified in all respects by this reference.

You can read our SEC filings, including the registration statement, over the
Internet at the SEC's website at http://www.sec.gov. You may also read and
copy any document we file with the SEC at its public reference facilities at
100 F Street, N.E., Washington, D.C. 20549. You may also obtain copies of
these documents at prescribed rates by writing to the Public Reference Section
of the SEC at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC
at 1-800-SEC-0330 for further information on the operation of the public
reference facilities.

Upon completion of this offering, we will be subject to the information
reporting requirements of the Exchange Act, and we will file reports, proxy
statements and other information with the SEC. These reports, proxy statements
and other information will be available for inspection and copying at the
public reference room and web site of the SEC referred to above. We also
maintain a website at www.cardigant.com, at which you may access these
materials free of charge as soon as reasonably practicable after they are
electronically filed with, or furnished to, the SEC. The information contained
in, or that can be accessed through, our website is not part of, and is not
incorporated into, this prospectus.

----------------------------- Page 39 ----------------------------------------
<Page>
DISCLOSURE CONTROLS AND PROCEDURES
In connection with our compliance with securities laws and rules, our Chief
Financial Officer has evaluated our disclosure controls and procedures on
September 30, 2011. As stated previously, our Chief Financial Officer is also
serving in the capacity of Chief Executive Officer, Chief Accounting Officer
and the company's sole director. Because of these multiple roles, it is
impossible to fully segregate duties. As such he has concluded that our
disclosure controls and procedures are ineffective. There have been no
significant changes in our internal controls or in other factors that could
significantly affect these controls subsequent to the date of their evaluation,
including any corrective actions with regard to significant deficiencies and
material weaknesses.

In making this assessment, management, used the criteria set forth by the
Committee of Sponsoring Organizations of the Treadway Commission in the
Internal Control-Integrated Framework. Inherent in a development stage entity
is the problem of segregation of duties. Given that the Company has a limited
accounting department, segregation of duties cannot be completely accomplished
at this stage in the business lifecycle.

Based on its assessment, management has concluded that the Company's disclosure
controls and procedures and internal control over financial reporting are not
effective based on those criteria.

INDEX TO FINANCIAL STATEMENTS
(F- Pages)
Report of Independent Registered Public Accounting Firm
Audited Financial Statements for the Years Ending December 31, 2010 and 2009.
Notes to the Audited Financial Statements
Unaudited Financial Statements for the Years Ending December 31, 2010 and 2009.
Notes to the unaudited Financial Statements

----------------------------- Page 40 ----------------------------------------
<Page>

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and
Stockholders of Cardigant Medical, Inc.
Manhattan Beach, California

We have audited the accompanying balance sheets of Cardigant Medical, Inc.
as of December 31, 2010 and 2009, and the related statements of operations,
stockholders' equity, and cash flows for the year ended December 31, 2010 and
2009 and for the period from its inception (April 17, 2009) to December 31,
2010. Cardigant Medical, Inc.'s management is responsible for these financial
statements. Our responsibility is to express an opinion on these financial
statements based on our audits. We conducted our audits in accordance with the
standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. The company is not required to have, nor were we engaged to
perform, an audit of its internal control over financial reporting. Our audit
included consideration of internal control over financial reporting as a basis
for designing audit procedures that are appropriate in the circumstances, but
not for the purpose of expressing an opinion on the effectiveness of the
company's internal control over financial reporting. Accordingly, we express
no such opinion. An audit also includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by management,
as well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Cardigant Medical, Inc. as of
December 31, 2010 and 2009, and the results of its operations and its cash
flows for the year ended December 31, 2010 and for the period from its
inception (April 17, 2009) to December 31, 2010 in conformity with accounting
principles generally accepted in the United States of America.

/s/ Jonathon P. Reuben CPA
Jonathon P. Reuben CPA,
An Accountancy Corporation
Torrance, California
May 13, 2011

--------------------------------- Page F-1 ------------------------------------
<Page>

CARDIGANT MEDICAL INC.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS

December 31,
2010 2009
--------------------------

ASSETS

CURRENT ASSETS
Cash $57,831 $11,308
Prepaid expense 1,900 -
-------- --------
Total current assets 59,731 11,308
-------- --------
TOTAL ASSETS $59,731 $11,308
-------- --------
-------- --------

LIABILITIES AND STOCKHOLDERS' (DEFICIT)

CURRENT LIABILITIES

Accounts payable and accrued expenses $15,842 $14,219
Accrued officer compensation 210,000 90,000
Due to stockholder 63,884 85,261
-------- --------
Total current liabilities 289,726 189,480
-------- --------
TOTAL LIABILITIES 289,726 189,480
-------- --------
STOCKHOLDERS' (DEFICIT)
Common stock, 15,000,000 shares authorized,
$0.001" par value, 11,149,750 issued and
outstanding at December 31, 2010, 1,500
shares issued and outstanding at December
31, 2009 11,150 2
Additional paid-in capital 68,502 -
Accumulated deficit (309,647) (178,174)
-------- --------
Total stockholders' (deficit) (229,995) (178,172)
-------- --------
TOTAL LIABILITIES AND STOCKHOLDERS'(DEFICIT) $59,731 $11,308
-------- --------
-------- --------
<FN>
<F1>
(The accompanying notes are an integral part of these financial statements)
</FN>

--------------------------------- F-2 ----------------------------------------
<Page>

CARDIGANT MEDICAL INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF OPERATIONS

From Inception From Inception
(April 17, 2009) (April 17, 2009)
For Year Ended to to
December 31 December 31, December 31,

2010 2009 2010
--------------- --------------- ---------------

REVENUE $ - $ - $ -
--------------- --------------- ---------------
OPERATING EXPENSES
Research and development 149,881 120,386 270,267
Selling, general, and administrative 39,761 57,227 96,988
--------------- --------------- ---------------
Total operating expenses 189,642 177,613 367,255
--------------- --------------- ---------------
(LOSS) FROM OPERATIONS (189,642) (177,613) (367,255)
--------------- --------------- ---------------
OTHER INCOME/(EXPENSES)
Grant Revenue 60,200 - 60,200
Interest expense (2,031) (561) (2,592)
--------------- --------------- ---------------
Net Loss before income taxes $(131,473) $(178,174) $(309,647)
Provision for taxes - - -
--------------- --------------- ---------------
NET (LOSS) $(131,473) $(178,174) $(309,647)
--------------- --------------- ---------------
--------------- --------------- ---------------
(LOSS) PER COMMON SHARE -
BASIC AND DILUTED $(0.0) $(162.57)
--------------- ---------------
--------------- ---------------
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING 11,087,021 1,096
--------------- ---------------
--------------- ---------------
<FN>
<F1>
(The accompanying notes are an integral part of these financial statements)
</FN>

--------------------------------- F-3 ----------------------------------------
<Page>

CARDIGANT MEDICAL INC
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CHANGES IN STOCKHOLDERS' (DEFICIT)
FOR THE PERIOD FROM INCEPTION (APRIL 17, 2009) THORUGH DECEMBER 31, 2010

Additional
Transaction Common Stock Paid-In Accumulated
Unit Price Date Shares Amount Capital Deficit Total
----------- ---------- ------- -------- ------- -------- -------

Shares issued to founder $0.001 4/9/2009 1,500 $2 $- $- $2
Net loss from April 17, 2009 through December 31, 2009 - - - (178,174) (178,174)
-------- -------- ------- -------- --------
Balance - December 31, 2009 1,500 2 - (178,174) (178,172)

Shares issued in exchange for the cancellation of
$50,000 of debt due its founder $0.005 1/4/2010 11,000,000 11,000 39,000 - 50,000
Issuance of shares for cash $0.200 3/1/2010 70,000 70 13,930 - 14,000
Shares issued to Chief Scientific Officer for services $0.200 6/30/2010 5,000 5 995 - 1,000
Issuance of shares for cash $0.200 7/29/2010 25,000 25 4,975 - 5,000
Shares issued to Chief Scientific Officer for services $0.200 7/31/2010 2,500 2 498 - 500
Issuance of shares for cash $0.200 9/9/2010 43,250 43 8,607 - 8,650
Shares issued to Chief Scientific Officer for services $0.200 12/31/2010 2,500 3 497 - 500
Net loss for the year - - - (131,473) (131,473)
--------- ---------- ------- -------- ---------
Balance - December 31, 2010 11,149,750 $11,150 $68,502 $(309,647) $(229,995)
--------- ---------- ------- -------- ---------
--------- ---------- ------- -------- ---------
<FN>
<F1>
(The accompanying notes are an integral part of these financial statements)
</FN>

--------------------------------- F-4 ----------------------------------------
<Page>

CARDIGANT MEDICAL INC.
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS

From date of From date of
For year ended inception inception

(April 17, 2009) (April17, 2009)
to to
December 31, December 31, December 31,
2010 2009 2010
------------- ------------- ------------

CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) $(131,473) $(178,174) $(309,647)
Adjustments to reconcile net income (loss) to net cash provided by
(used in) operating activities: - - -
Net changes in operating assets and liabilities:
(Increase) in prepaid expenses 100 - 100
Increase (decrease) in accounts payable and accrued expenses 2,184 13,658 15,842
Increase in accrued officer compensation 120,000 90,000 210,000
-------- -------- --------
Net cash (used in) operating activities (9,189) (74,516) (83,705)
-------- -------- --------
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock 27,650 2 27,652
Advancements from related party 42,131 91,525 133,656
Repayments to related party (14,069) (5,703) (19,772)
-------- -------- --------
Net cash provided by financing activities 55,712 85,824 141,536
-------- -------- --------
NET INCREASE IN CASH AND CASH EQUIVALENTS 46,523 11,308 57,831

CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 11,308 - -
-------- -------- --------
CASH AND CASH EQUIVALENTS - END OF PERIOD $57,831 $11,308 $57,831
-------- -------- ---------
-------- -------- ---------
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITY
Cash paid during the year for income taxes $- $- $-
-------- -------- --------
-------- -------- --------
Cash paid during the year for interest expense $2,031 $561 $2,592
-------- -------- --------
-------- -------- --------

Noncash investing and financing activities:
<FN>
<F1>
In January 2010, the Company's founder converted $50,000 of his shareholder
loan balance in exchange for 11,000,000 shares of the Company's common stock.
There was no compensation or interest expense included in the conversion.

During the year ended December 31, 2010 the Company issued 10,000 shares of
its common stock for services provided by its Chief Scientific Officer valued
at $2,000.

During the year ended December 31, 2010 the company issued 138,250 shares in
private placement offerings in exchange for $27,650 in cash.

(The accompanying notes are an integral part of these financial statements)
</FN>

--------------------------------- F-5 ----------------------------------------
<Page>

(1) Nature and Continuance of Operations

Description of the Business
Cardigant Medical Inc. ("Cardigant" or "Company") is a development stage
biotechnology company focused on the development of novel biologic compounds
and enhanced methods for local delivery for the treatment of cardiovascular
disease. Cardigant was founded on April 17, 2009 and is incorporated within
the state of Delaware. The company is engaged in research and development in
multiple countries but maintains its corporate office in greater Los Angeles.
The Corporation has elected to be taxed under the provisions of Subchapter "S"
for income tax purposes

(2) Summary of Significant Accounting Policies

Use of Estimates
The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the consolidated financial
statements and the reported amounts of revenues and expenses during the
reporting period. Actual results could differ from those estimates

Revenue from grant awards are recorded as income when the funds from the
respective grant is received and all conditions under the grant have been met.

Property and Equipment
Property and equipment are stated at cost less accumulated depreciation and
amortization. Depreciation and amortization are calculated using the
straight-line method and with useful lives used in computing depreciation
ranging from 3 to 5 years. When property and equipment are retired or otherwise
disposed of, the related cost and accumulated depreciation are removed from
the respective accounts, and any gain or loss is included in operations.
Expenditures for maintenance and repairs are charged to operations as
incurred; additions, renewals and betterments are capitalized.

--------------------------------- F-6 ----------------------------------------
<Page>
Long-Lived Assets
The Company accounts for its long-lived assets in accordance with Accounting
Standards Codification ("ASC") Topic 360-10. ASC
Topic 360-10 requires that long-lived assets be reviewed for impairment
whenever events or changes in circumstances indicate that the historical
cost carrying value of an asset may no longer be appropriate. The Company
assesses recoverability of the carrying value of an asset by estimating the
future net cash flows expected to result from the asset, including eventual
disposition. If the future net cash flows are less than the carrying value
of the asset, an impairment loss is recorded equal to the difference between
the asset's carrying value and fair value or disposable value. As of December
31, 2010 and 2009, the Company has determined that none of its long-term
assets were impaired.

Research and development
The Company accounts for research and development costs in accordance with the
Accounting Standards Codification subtopic 730-10, Research and Development
("ASC 730-10"). Under ASC 730-10, all research and development costs must be
charged to expense as incurred. Accordingly, internal research and development
costs are expensed as incurred. Third-party research and development costs
are expensed when the contracted work has been performed or as milestone
results have been achieved. Company-sponsored research and development costs
related to both present and future products are expensed in the period
incurred. The Company incurred research and development expenses of $149,881
for the year ended December 31 2010 and $120,386 for the period from inception
(April 17, 2009) through December 31, 2009, respectively.

Income Taxes
Income taxes are accounted for under the asset and liability method in
accordance with ASC Topic 740-10. Deferred tax assets and liabilities are
recognized for the future tax consequences attributable to
differences between the financial statement
carrying amounts of existing assets and liabilities and their respective tax
bases and operating loss carryforwards. Deferred tax assets and liabilities
are measured using enacted tax rates expected to apply to taxable income in
the years in which those temporary differences are expected to be recovered
or settled. The effect on deferred tax assets and liabilities of a change
in tax rates is recognized in income in the period that includes the enactment
date. When it is considered to be more likely than not that a deferred tax
asset will not be realized, a valuation allowance is provided for the excess.

The Company, with the consent of its shareholders, has elected under the
Internal Revenue Code to be an S corporation. In lieu of corporation income
taxes, the shareholders of an S corporation are taxed on their proportionate
share of the Company's taxable income. Therefore, no provision or liability
for federal income taxes has been included in the financial statements.

Share-Based Compensation
The Company accounts for stock-based compensation under ASC Topic 505-50,
formerly SFAS No. 123R, "Share-Based Payment" and SFAS No. 148, "Accounting
for Stock-Based Compensation - Transition and Disclosure - An amendment to
SFAS No. 123." These standards define a fair value-based method of accounting
for stock-based compensation. In accordance with SFAS Nos. 123R and 148,
the cost of stock-based compensation is measured at the grant date based on
the value of the award and is recognized over the period in which the Company
expects to receive the benefit, which is generally the vesting period.

The Company adopted its 2010 Stock Option Plan in May of 2010 and for a maximum
of five million shares to be issued. At September 30, 2011, no options have
been granted.

Per Share Amounts
The Company reports earnings (loss) per share in accordance with Accounting
Standards Codification "ASC" Topic 260-10, "Earnings per Share." Basic earnings
(loss) per share is computed by dividing income (loss) available to common
shareholders by the weighted average number of common shares available. Diluted
earnings (loss) per share is computed similar to basic earnings (loss) per
share except that the denominator is increased to include the number of
additional common shares that would have been outstanding if the potential
common shares had been issued and if the additional common shares were
dilutive. For 2010 and 2009, the Company did not have equity or debt
instruments issued or granted which would be ant-dilutive.

--------------------------------- F-7 ----------------------------------------
<Page>
Recent Accounting Pronouncements
Pronouncements issued by the FASB or other authoritative accounting standards
groups with future effective dates are either not applicable or are not
expected to be significant to the financial statements of the Company.

(3) Due to stockholder
The Company has thus far received most of its working capital by its founder
Jerett A. Creed. These costs have been carried as a shareholder loan accruing
interest at the rate of 5% per annum. On January 4th, 2010, Mr. Creed converted
$50,000 of his outstanding shareholder loan balance in exchange for eleven
million shares of the Company. There was no compensation or interest expense
included in the conversion. As of December 31, 2010 and 2009, the balance
due was $63,884 and $85,261, respectively. Accrued interest charged to
operations during the year ended December 31, 2010 and from inception
(April 17, 2009) through December 31, 2009 amounted to $2,031 and $561,
respectively.

(4) Accrued officer's compensation
The Company has been accruing a salary in the amount of $120,000 per annum
for its founder Jerett A. Creed since January 3, 2010. The balance at
December 31, 2010 and 2009 was $210,000 and $90,000, respectively. Accrued
compensation that was charged to operations during the year ended December
31, 2010 and from inception (April 17, 2009) through December 31, 2009
amounted to $120,000 and $90,000, respectively. Salary is allocated between
research and development and general and administrative based upon time spent.

(5) Shareholder's Equity
At the Company's inception, the Company issued its founder 1,500 shares valued
at par. On January 3rd, 2010, the board increased the total number of common
shares authorized for issuance to 15,000,000 with a par value of $0.001. On
January 4th, 2010 Mr. Creed converted $50,000 of his shareholder loan balance
in exchange for 11 million shares. A total of 148,250 shares were issued during
2010 for $0.20 per share, of which 138,250 shares were issued for $27,650 in
cash through a private placement and 10,000 shares were issued for services
valued at $2,000. A total of 11,149,750 shares were issued and outstanding as
of December 31, 2010.

A discounted cash flow model ("DCF") was developed internally to establish the
estimated value of the company in determining the share price for equity
conversion and raises solely as a tool for management in negotiating. The DCF
took into account among other factors the size of the markets the
technology is attempting to address, estimated market share, the anticipated
research and development costs associated with developing a product to address
the market, the administrative costs and resources that would be required, the
estimated time to reach an approval in Europe and the US, estimated technology
development risks and regulatory risks with delayed or denied approvals. In
certain scenarios, the model extended 10 years with a 2% perpetuity growth
rate and used treasury pricing for risk free rates and a 28% weighted average
cost of capital. However all equity transactions with unrelated parties were
conducted as arm's length transactions.

(6) Subsequent Events

In October 2011, the Company filed amendment 3 to Form S-1. The
registration was authorized to include up to $2,500,000 shares of our common
stock at $1.05 per share.

--------------------------------- F-8 ----------------------------------------
<Page>

CARDIGANT MEDICAL INC.
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS

September 30, December 31,
2011 2010
--------------------------
(Unaudited)

ASSETS

CURRENT ASSETS
Cash $38,191 $57,831
Prepaid expense 3,425 1,900
Other Assets - Deposits 1,195 -
-------- --------
Total current assets 42,811 59,731
-------- --------

OTHER ASSETS
Certificate of Deposit 51,054 -
-------- --------
TOTAL ASSETS $93,865 $59,731
-------- --------
-------- --------

LIABILITIES AND STOCKHOLDERS' (DEFICIT)

CURRENT LIABILITIES

Accounts payable and accrued expenses $37,985 $15,842
Accrued officer compensation 300,000 210,000
Due to stockholder 35,769 63,884
-------- --------
Total current liabilities 373,754 289,726
-------- --------
TOTAL LIABILITIES 373,754 289,726
-------- --------
STOCKHOLDERS' (DEFICIT)
Common stock, 25,000,000 shares authorized,
$0.001 par value, 11,227,900 issued and
outstanding at September 30, 2011, 11,149,750
shares issued and outstanding at December
31, 2010 11,228 11,150
Additional paid-in capital 84,054 68,502
Accumulated deficit (375,171) (309,647)
-------- --------
Total stockholders' (deficit) (279,889) (229,995)
-------- --------
TOTAL LIABILITIES AND STOCKHOLDERS'(DEFICIT) $93,865 $59,731
-------- --------
-------- --------
<FN>
<F1>
(The accompanying notes are an integral part of these financial statements)
</FN>

--------------------------------- F-9-----------------------------------------
<Page>

CARDIGANT MEDICAL INC.
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED STATEMENTS OF OPERATIONS

From date of Inception
(April 17, 2009)
For the Three Months Ended For the nine Months Ended to
September 30 September 30, September 30 September 30 September 30,
2011 2010 2011 2010 2011
--------------- --------------- ------------- --------------- ---------------

REVENUE $ - $ - $ - $ - $ -
--------------- --------------- ------------- --------------- ---------------
OPERATING EXPENSES
Research and development 52,160 30,466 128,975 122,651 399,242
Selling, general, and administrative 23,114 10,360 46,253 30,189 143,241
--------------- --------------- ------------- --------------- ---------------
Total operating expenses 75,274 40,826 175,228 152,840 542,483
--------------- --------------- ------------- --------------- ---------------
INCOME (LOSS) FROM OPERATIONS (75,274) (40,826) (175,228) (152,840) (542,483)
--------------- --------------- ------------- --------------- ---------------
OTHER INCOME/(EXPENSES)
Grant Revenue $ - $ - $110,550 $ - $170,750
Interest expense (537) (1,256) (1,900) (1,256) (4,492)
Interest income 1,054 1,054 1,054
--------------- --------------- ------------- --------------- ---------------
NET INCOME (LOSS) $(74,757) $(42,082) $(65,524) $(154,096) $(375,171)
--------------- --------------- -------------- --------------- ---------------
--------------- --------------- -------------- --------------- ---------------
(LOSS) PER COMMON SHARE -
BASIC AND DILUTED $(0.01) $(0.00) $(0.01) $(0.01)
--------------- -------------- ------------- ---------------
--------------- --------------- ------------- ---------------
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING 11,207,818 11,105,149 11,179,764 10,906,283
--------------- --------------- ------------- ---------------
--------------- --------------- ------------- ---------------
<FN>
<F1>
(The accompanying notes are an integral part of these financial statements)
</FN>

--------------------------------- F-10 ---------------------------------------
<Page>

CARDIGANT MEDICAL INC.
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED STATEMENTS OF CASH FLOWS

From date of
inception
For the nine months ended (April 17,2009) to
September 30, September 30, September 30,
2011 2010 2011
--------------- --------------- ---------------

CASH FLOWS FROM OPERATING ACTIVITIES

Net (loss) $(65,524) $(154,096) $(375,171)

Adjustments to reconcile net income (loss) to net cash provided by

(used in) operating activities:
Net changes in operating assets and liabilities:

Stock based compensation 2,780 1,500 2,780

(Increase) in prepaid expenses 3,325 - 3,425
Increase in accounts payable and accrued expenses 22,143 27,966 37,986
(Increase) in deposits (1,195) - (1,195)
Increase in accrued officer compensation 90,000 90,000 300,000
---------- -------- --------
Net cash (used in) operating activities 51,529 (34,630) (32,175)
---------- -------- --------

CASH FLOWS FROM INVESTING ACTIVITIES

Investment in certificate of deposit (101,054) - (101,054)
Redemption of certificate of deposit 50,000 - 50,000
---------- -------- --------
Net cash provided by (used in) investing activities (51,054) - (51,054)
---------- -------- --------
CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from issuance of common stock 8,000 27,650 35,650
Advanced from related Party 3,863 14,325 137,519
Payments to related party (31,977) (10,029) (51,749)
---------- -------- --------
Net cash provided by (used in) financing activities (20,114) 31,946 121,420
---------- -------- --------
NET INCREASE IN CASH AND CASH EQUIVALENTS (19,639) (2,684) 38,191
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 57,830 11,308 -
---------- -------- --------
CASH AND CASH EQUIVALENTS - END OF PERIOD $38,191 $8,624 $38,191
---------- -------- --------
---------- -------- --------
SUPPLEMENTAL DISCLOSURES OF CASH FLOW ACTIVITY

Cash paid during the year for income taxes $ - $ - $ -
---------- -------- --------
---------- -------- --------
Cash paid during the year for interest expense $1,900 $1,256 $3,506
---------- -------- --------
---------- -------- --------
Noncash investing and financing activities:
<FN>
<F1>
During the nine months ended September 30, 2011 the Company issued 18,750 shares of its common stock
for services provided by its Chief Scientific Officer valued at $3,750.

In June 2011, the Company cancelled $880 owed for accounting services in exchange for the
issuance of 4,400 shares.

In April 2011, the Company issued 15,000 shares of its common stock for services provided
by its Chief Medical Officer valued at $3,000. The 15,000 shares were valued at $3,000, which is
being charged to operations over the two year term of the underlying consulting agreement.

(The accompanying notes are an integral part of these financial statements)
</FN>

--------------------------------- F-11 ---------------------------------------
<Page>

(1) Organization and Basis of Presentation

We prepared the accompanying financial statements in accordance with accounting
principles generally accepted in the United States of America ("GAAP") and
included the accounts of Cardigant Medical, Inc.

Cardigant Medical, Inc.'s ("Cardigant" or the "Company," "we" or "our") interim
financial statements are unaudited. They contain all necessary adjustments
(consisting only of normal recurring adjustments) for a fair statement of the
referenced interim period results. These interim period results do not
indicate expected full-year results or results for future quarter/periods,
due to several factors, including volatility of interest rates, geological
risks, transportation restrictions, timing of acquisitions, product demand,
market competition, and our ability to obtain additional capital. These
interim financial statements should be read in conjunction with the audited
financial statements and related notes included in Cardigant Medical, Inc.
Form S-1/A for the year ended December 31, 2010.

The Company is in the development stage, as defined in Accounting Codification
Standard ("ACS") topic 915-10. From its inception (April 17, 2009) through
September 30, 2011, the Company has not had any revenue from its principal
planned operations. The Company will continue to report as a development
stage company until significant revenues are produced.

Description of the Business
Cardigant Medical, Inc. (an S-Corporation) is a development stage biotechnology
Company focused on the development of novel biologic compounds and enhanced
methods for local delivery for the treatment of cardiovascular disease.
Cardigant was founded on April 17, 2009 and is incorporated within the state
of Delaware. The Company is engaged in research and development in multiple
countries but maintains its corporate office in greater Los Angeles.

On January 3, 2010, the Company filed an amendment to its articles of
incorporation changing its authorized capital to 15,000,000 shares of common
stock at a restated par value of $0.001. The accompanying financial statements
have been restated to reflect the change in capital and stock split as if they
occurred at the Company's inception. In May of 2011, the Company further
amended its articles of incorporation increasing its authorized capital to
25,000,000 with a par value of $0.001.

(2) Summary of Significant Accounting Policies

Basis of Presentation
The Company follows accounting principles generally accepted in the United
States of America. In the opinion of management, all adjustments, consisting
of normal recurring adjustments, necessary for a fair presentation of financial
position and the results of operations for the periods presented have been
reflected herein.

S Corporation-Income Tax Status
The Company, with the consent of its shareholders, has elected under the
Internal Revenue Code to be an S corporation. In lieu of corporation income
taxes, the shareholders of an S corporation are taxed on their proportionate
share of the Company's taxable income. Therefore, no provision or liability
for federal income taxes has been included in the financial statements.

Cash and Cash Equivalents
The Company considers all highly liquid debt instruments and other short-term
investments with maturities of three months or less, when purchased, to be
cash equivalents. The Company maintains cash balances at one financial
institution that is insured by the Federal Deposit Insurance Corporation
("FDIC") up to $250,000. As of September 30, 2011, the Company's cash balances
did not exceed the FDIC limits.

--------------------------------- F-12 ---------------------------------------
<Page>
Certificates of Deposit
A certificate of deposit totaling $51,054 has been classified as a
long-term asset in the accompanying financial statements. The certificate
bears interest of 2.3% and matures in 58 months, with penalties for early
withdrawal. Any penalties for early withdrawal would not have a material
effect on the financial statements.

Revenue Recognition
The Company recognizes revenue when evidence of an arrangement exists, title
has passed (generally upon shipment) or services have been rendered, the
selling price is fixed or determinable and collectability is reasonably
assured. Revenue from product sales to new customers is recognized when all
elements of the sale have been delivered. All costs related to product
shipment are recognized at time of shipment. The Company does not provide
for rights of return to customers on product sales and therefore does not
record a provision for returns.

Revenue from grant awards are recorded as income when the funds from the
respective grant is received and all conditions under the grant have been met.

Property and Equipment
Property and equipment are stated at cost less accumulated depreciation and
amortization. Depreciation and amortization are calculated using the
straight-line method and with useful lives used in computing depreciation
ranging from 3 to 5 years. When property and equipment are retired or
otherwise disposed of, the related cost and accumulated depreciation are
removed from the respective accounts, and any gain or loss is included in
operations. Expenditures for maintenance and repairs are charged to operations
as incurred; additions, renewals and betterments are capitalized.

Long-Lived Assets
The Company accounts for its long-lived assets in accordance with Accounting
Standards Codification ("ASC"), Topic 360-10. Topic 360-10 "Accounting for
the Impairment or Disposal of Long-Lived Assets." ASC Topic 360-10 requires
that long-lived assets be reviewed for impairment whenever events or
changes in circumstances indicate that the historical cost carrying value
of an asset may no longer be appropriate. The Company assesses
recoverability of the carrying value of an
asset by estimating the future net cash flows expected to result from the
asset, including eventual disposition. If the future net cash flows are
less than the carrying value of the asset, an impairment loss is recorded
equal to the difference between the asset's carrying value and fair value
or disposable value. As of December 31, 2010 and 2009, the Company has
determined that none of its long-term assets were impaired.

Research and development
The Company accounts for research and development costs in accordance with
the Accounting Standards Codification subtopic 730-10 "Research and
Development" ("ASC 730-10"). Under ASC 730-10, all research and development
costs must be charged to expense as incurred. Third-party research and
development costs are expensed when the contracted work has been performed
or as milestone results have been achieved. Company-sponsored research and
development costs related to both present and future products are expensed in
the period incurred. For the nine months ended September 30, 2011 and 2010,
the Company incurred research and development expenses of $128,975 and
$122,651, respectively. For the three months ended September 30, 2011 and
2010, the Company incurred research and development expenses of $52,160
and $30,466, respectively.
--------------------------------- F-13 ---------------------------------------
<Page>
Income Taxes
Income taxes are accounted for under the asset and liability method in
accordance with ASC Topic 740-10. Deferred tax assets and liabilities are
recognized for the future tax consequences attributable to
differences between the financial statement carrying amounts of
existing assets and liabilities and their respective tax
bases and operating loss carryforwards. Deferred tax assets and liabilities
are measured using enacted tax rates expected to apply to taxable income in
the years in which those temporary differences are expected to be recovered
or settled. The effect on deferred tax assets and liabilities of a change
in tax rates is recognized in income in the period that includes the
enactment date. When it is considered to be more likely than not that a
deferred tax asset will not be realized, a valuation allowance is provided
for the excess.

Share-Based Compensation
The Company accounts for stock-based compensation under ASC Topic 505-50.
This standard defines a fair value-based method of accounting for stock-based
compensation. In accordance with ASC Topic 505-50, the cost of stock-based
compensation is measured at the grant date based on the value of the award
and is recognized over the period in which the Company expects to receive the
benefit, which is generally the vesting period. Stock based compensation for
the three and nine months ended September 30, 2011 comprised of the issuance
of 7,500 and 38,150 shares of common stock, respectively, for services
rendered. The 7,500 common shares were valued at $1,500. The 38,150 common
shares were valued at $7,630. Stock based compensation for the three and
nine months ended September 30, 2010 comprised of the issuance of 2,500 and
7,500 shares of common stock, respectively, for services rendered. The 2,500
common shares were valued at $500. The 7,500 common shares were valued at
$1,500.

The Company adopted its 2010 Stock Option Plan in May of 2010 allowing for a
maximum of five million shares to be issued. At September 30, 2011, no options
have been granted.

Per Share Amounts
The Company reports earnings (loss) per share in accordance with Accounting
Standards Codification "ASC" Topic 260-10 "Earnings per Share." Basic earnings
(loss) per share is computed by dividing income (loss) available to common
shareholders by the weighted average number of common shares available.
Diluted earnings (loss) per share is computed similar to basic earnings
(loss) per share except that the denominator is increased to include the number
of additional common shares that would have been outstanding if the potential
common shares had been issued and if the additional common shares were
dilutive. For 2010 and 2009, the Company did not have equity or debt
instruments issued or granted which would be anti-dilutive.

Recent Accounting Pronouncements
Pronouncements issued by the FASB or other authoritative accounting standards
groups with future effective dates are either not applicable or are not
expected to be significant to the financial statements of the Company.

(3)Fair Value Accounting

Fair Value Measurements
The Company follows the provisions of ASC No. 820-10 "Fair Value Measurements."
ASC 820-10 relates to financial assets and financial liabilities. ASC 820-10
defines fair value, establishes a framework for measuring fair value in
accounting principles generally accepted in the United States of America
(GAAP), and expands disclosures about fair value measurements. The provisions
of this standard apply to other accounting pronouncements that require or
permit fair value measurements and are to be applied prospectively with limited
exceptions.

ASC 820-10 defines fair value as the price that would be received to sell an
asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. ASC 820-10 establishes a fair value
hierarchy that distinguishes between (1) market participant assumptions
developed based on market data obtained from independent sources
(observable inputs) and (2) an entity's own assumptions, about
market participant assumptions, that are developed based on the best
information available in the circumstances (unobservable inputs).
The fair value hierarchy consists of three broad levels,
which gives the highest priority to unadjusted quoted prices in active markets
for identical assets or liabilities (Level 1) and the lowest priority to
unobservable inputs (Level 3). The three levels of the fair value hierarchy
under ASC 820-10 are described below:

Level 1 Unadjusted quoted prices in active markets that are accessible at the
measurement date for identical, unrestricted assets or liabilities.

Level 2 Inputs other than quoted prices included within Level 1 that are
observable for the asset or liability, either directly or indirectly, including
quoted prices for similar assets or liabilities in active markets; quoted
prices for identical or similar assets or liabilities in markets that are not
active; inputs other than quoted prices that are observable for the asset or
liability (e.g., interest rates); and inputs that are derived principally from
or corroborated by observable market data by correlation or other means.

Level 3 Inputs that are both significant to the fair value measurement and
unobservable. These inputs rely on management's own assumptions about the
assumptions that market participants would use in pricing the asset or
liability. (The unobservable inputs are developed based on the best information
available in the circumstances and may include the Company's own data.)

--------------------------------- F-14 ---------------------------------------
<Page>
The following table presents the Company's fair value hierarchy for those
assets and liabilities measured at fair value on a recurring basis as of
September 30, 2011:

Level Fair Value Carrying Amount

Liabilities
Accounts payable & Accrued expenses 2 $337,985 $337,985
Due to shareholder 2 $35,769 $35,769

Recorded values of professional fees payable, other accounts payable, and due
to related party approximate fair values due to the short maturities of such
instruments.

(4) Related party transactions
The Company has thus far received much of its working capital from its
founder Jerett A. Creed. These costs have been carried as a shareholder
loan accruing interest at the rate of 5% per annum. On January 4th, 2010,
Mr. Creed converted $50,000 of his outstanding shareholder loan balance in
exchange for eleven million shares of the Company. There was no compensation or
interest expense included in the conversion. The amount due at September
30, 2011, including accrued interest amounted to $35,769. Accrued interest
charged to operations for the three months ended September 30, 2011 and 2010,
amounted to $537 and $1,256, respectively. Accrued interest charged to
operations for the nine months ended September 30, 2011 and 2010, amounted to
$1,900and $1,256, respectively.

(5) Accrued officer's compensation
The Company has been accruing a salary in the amount of $120,000 per annum for
its founder Jerett A. Creed since January 3, 2010. The balance accrued at
September 30, 2011 was $300,000. Salary is allocated between research and
development and general and administrative based upon time spent.

(6) Shareholder's Equity (Deficit)

There is no public market for the Company's common shares. Since its inception,
the Company has negotiated the value of its common stock in arm's length
transactions with all unrelated parties.

Nine Months Ended September 30, 2011
On April 1, 2011 the Company entered into a consulting agreement with its
Chief Medical Officer for the period of approximately 21 months ending December
2012. Compensation provided to the Chief Medical Officer consists of 30,000
shares of the Company's restricted common stock, which will be earned by the
consultant in two equal installments of 15,000 shares on April 1, 2011 and
January 1, 2012. The first installment of 15,000 shares of common
stock was valued at $3,000, which is being amortized over subsequent ten
months. Amortization for the three and nine months ended September 30, 2011
totaled $857 and $1,714, respectively, which has been charged to operations and
included in research and development costs.

In April 2011, the Company issued 7,500 shares of its common stock in exchange
for receiving $1,500 in cash.

In June 2011, the Company issued 4,400 shares of its common stock in cancelation
of $880 due for past accounting services.

In August 2011 the Company issued a total of 32,500 shares of its common stock
in exchange for receiving $6,500 in cash.

During the nine months ended September 30, 2011 the Company issued 18,750
shares of its common stock for services provided by its Chief Scientific
officer valued at $3,750 that has been charged to operations and included in
research and development costs.

Nine Months Ended September 30, 2010
In January 2010, Jerett Creed, the Company's founder, cancelled $50,000 of debt
due him by the Company in exchange for receiving eleven million shares of its
common stock.

In July 2010 the Company issued 25,000 shares of its common stock in exchange
for receiving $5,000 in cash.

In September 2010, the Company issued 43,250 shares of its common stock in
exchange for receiving $8,650 in cash.

During the nine months ended September 30, 2010 the Company issued 7,500
shares of its common stock for services provided by its Chief Scientific
officer valued at $1,500, which has been charged to operations and included
in research and development costs.

(7) Commitments and Contingencies
On May 3, 2011 the Company entered into a rental agreement for laboratory
space at a bioscience collective in Pasadena, California. The rental
agreement calls for a security deposit of $1,100 and monthly rent payments
of $1,100. The lease is month to month and can be terminated by either party
with thirty days' notice.

(8) Subsequent Events
In October 2011, the Company filed amendment 3 to Form S-1. The registration
was authorized to include up to $2,500,000 shares of our common stock at
$1.05 per share.
--------------------------------- F-15 ---------------------------------------
<Page>
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS

INDEMNIFICATION OF DIRECTORS AND OFFICERS
Our by-laws indemnify each person (including the heirs, executors,
administrators, or estate of such person) who is or was a director or officer
of Cardigant Medical Inc. to the fullest extent permitted or authorized by
current or future legislation or judicial or administrative decision against
all fines, liabilities, costs and expenses, including attorney's fees, arising
out of his or her status as a director, officer, agent, employee or
representative. The foregoing right of indemnification shall not be exclusive
of other rights to which those seeking an indemnification may be entitled.
Cardigant Medical Inc. may maintain insurance, at its expense, to protect
itself and all officers and directors against fines, liabilities, costs and
expenses, whether or not Cardigant Medical Inc. would have the legal power
to indemnify them directly against such liability.

If this indemnification or any portion of it is invalidated on any ground by a
court of competent jurisdiction, Cardigant Medical Inc. nevertheless
indemnifies each person described above to the fullest extent permitted by all
portions of this indemnification that have not been invalidated and to the
fullest extent permitted by law.

--------------------------------- Page 56 ------------------------------------
<Page>
EXHIBITS INDEX

The following exhibits are filed as part of this registration statement.

Exhibit No. Description

3.1 Certificate of Incorporation
3.2 Corporate By-laws
3.3 Amended Certificate of Incorporation
3.4 Amended Certificate of Incorporation
3.5 Stock Option Plan
5.1 Legal Opinion dated December 19, 2011
10.1 R. Sinibaldi Consulting Agreement
10.2 E. Perin Consulting Agreement
10.3 J. Creed Employment Agreement
10.4 Option and License Agreement
23.1 Auditor Consent

OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
The following table sets forth expenses, incurred or expected to be incurred
by Cardigant Medical Inc. in connect with the registration of the securities
being offered by the selling shareholders. Items marked with an asterisk (*)
represent estimated expenses. We have agreed to pay all the costs and expenses
of this registration. Selling security holders will not pay any part of these
expenses.

SEC Registration Fees $348.30
Legal Fess & Expenses* $4,500
Accounting Fees & Expenses* $18,000
Printing* $1,500
Miscellaneous $2,000

Total* $27,348

--------------------------------- Page 57 ------------------------------------
<Page>
RECENT SALE OF UNREGISTERED SECURITIES

The Company completed private placements of common stock at $0.20 per share
from the following investors in the number of shares and on the dates set out
opposite their names:

Name Shares Date Issued
Shane Manning 70,000 03/01/2010
Greg Tylka 12,500 07/29/2010
Courtney Tylka 12,500 07/29/2010
Peter D. Stavis 1,000 07/16/2010
Gregory ten Bosch 500 05/21/2010
Carl Slabicki 1,000 08/07/2010
Cory Hannaford 9,000 08/30/2010
Larry Hermona 500 06/16/2010
John R. ten Bosch 750 07/06/2010
Denise Beals 500 05/25/2010
Franz Goepfert 30,000 07/17/2010
Jeanne Proto 1,000 02/02/2011
Jason Schlenker 7,500 02/02/2011
Vince Parras 20,000 08/11/2011
Jason Schlenker 12,500 08/11/2011

The Company entered into a Consulting Agreement with Emerson Perin, MD, PhD,
FACC. ("Perin") for consulting services as our Chief Medical Officer for a
term expiring December 31, 2012. The Company shall issue 30,000 shares of
restricted common stock of the Company which shall be earned in the following
manner: 15,000 shares will be earned by Perin issuable as of April 01, 2011
and 15,000 shares earned and issuable as at January 01, 2012.

Note: Approximately 98% of our issued and outstanding shares are owned and
controlled by our founder. If all shares are sold (not including over
allotment), our founder will still control approximately 84% of our issued
and outstanding shares.
--------------------------------- Page 58 ------------------------------------
<Page>
UNDERTAKINGS

The undersigned Registrant hereby undertakes:
To file, during any period in which it offers or sells securities, a
post-effective amendment to this registration statement to:

(i) Include any prospectus required by Section 10(a)(3) of the Securities Act
of 1933;

(ii) Reflect in the prospectus any facts or events which, individually or
together, represent a fundamental change in the information in the registration
statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would
not exceed that which was registered) and any deviation from the low or high
end of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than a 20% change
in the maximum aggregate offering price set forth in the "Calculation of
Registration Fee" table in the effective registration statement;

(iii) Include any additional or changed material information on the plan
of distribution; and

(iv) Remove from registration any of the securities that remain unsold at the
end of the offering.

That, for determining liability under the Securities Act, the Registrant
shall treat each post-effective amendment as a new registration statement
of the securities offered, and the offering of the securities at that time
to be the initial bona fide offering.

--------------------------------- Page 59 ------------------------------------
<Page>
SIGNATURES

In accordance with the requirements of the Securities Act of 1933, the
Registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements of filing on Form S-1 and authorized this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized in the City of Los Angeles, California on December 20, 2011.

CARDIGANT MEDICAL INC

By: /s/ Jerett Creed

Name: Jerett Creed

Title: Director, Chief Executive Officer,
Chief Financial Officer,
Chief Accounting Officer

In accordance with the requirements of the Securities Act of 1933, this
registration statement was signed by the following persons in the capacities
and on the dates stated.

SIGNATURE TITLE DATE

/s/ Jerett Creed Director, Chief Executive Officer, December 20, 2011
Jerett Creed Chief Financial Officer, Chief Accounting Officer