Panacea Global, Inc. - Balance Sheets (USD $)	Mar. 31, 2013		Dec. 31, 2012
Current Assets:
Cash	$ 240,375		$ 109,151
Other Assets, current	49,983		73,226
TOTAL CURRENT ASSETS	289,358		182,377
Investment, current	912,526	[1]	912,576	[1]
Property and equipment, net	85,667	[2]	89,384	[2]
Intangible asset, net	50,000,000	[3]	50,000,000	[3]
Total Non-Current Assets	50,998,193		51,001,960
Total Assets	51,287,551		51,184,337
LIABILITIES
Accounts payable and accrued liabilities, current	194,717		293,926
Due to related parties, current	795,545	[4]	943,019	[4]
Deferred revenue, current	1,000,000	[1]	1,000,000	[1]
License fee payable, current	1,562,500	[1]	1,762,500	[1]
TOTAL LIABILITIES	3,552,762		3,799,445
Stockholders' Equity
Preferred Stock	0	[5]	0	[5]
Capital Stock	96,964	[6]	95,364	[6]
Additional paid-in capital	50,890,712		50,389,417
Deficit accumulated during the development stage	(3,356,402)		(3,189,000)
Accumulated other comprehensive income (loss)	103,515		89,111
Total Stockholders' Equity	47,734,789		47,384,892
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 51,287,551		$ 51,184,337

[1] See Note 5

[2] See Note 9

[3] See Note 6

[4] See Note 10

[5] $0.001 par value; 100,000 shares authorized, none issued; See Note 7

[6] $0.001 par value; 300,000,000 shares authorized; 96,963,586 issued and outstanding (December 31, 2012- 95,363,586); See Note 7