Exhibit 99.1



                             N E W S R E L E A S E


July 28, 2005                                        Direct Inquiries To:
                                                     Paul O. Koether, Chairman
                                                     (908) 766-7220


     Cortech Inc. Receives Notice of Delisting from The Nasdaq Stock Market
     ----------------------------------------------------------------------

     BEDMINSTER,  NEW JERSEY,  JULY 28, 2005 - CORTECH,  INC.  (NASDAQ - "CRTQ")
today  announced that it received  notice from The Nasdaq Stock Market,  Listing
Qualifications  Department,  that the staff had  determined  that the  Company's
securities  will be delisted  from The Nasdaq  SmallCap  Market.  The  Company's
securities  will be delisted  at the opening of business on August 2, 2005.  The
Company currently does not plan to appeal the staff's determination.

     The staff's  determination,  by letter  dated July 22,  2005,  was based on
Nasdaq  Marketplace  Rules 4300 and  4330(a)(3),  which provides  generally that
Nasdaq may apply more stringent  criteria to preserve and strengthen the quality
and  integrity of the Nasdaq  Stock Market and which gives Nasdaq  discretionary
authority over continued inclusion of securities in The Nasdaq Stock Market. The
staff stated its belief that the company does not have an operating business and
that the company is a public shell.

     Cortech is actively seeking acquisitions and/or a merger partner.

     Cortech has 3,595,780 shares outstanding.













     This release  contains  forward-looking  statements which may involve known
and unknown  risks,  uncertainties  and other  factors that may cause  Cortech's
actual results and performance in future periods to be materially different from
any  future  results  or  performance  suggested  by these  statements.  Cortech
cautions  investors not to place undue reliance on  forward-looking  statements,
which speak only to management's expectations on this date.