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From DNAPrint.com: |
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LATEST PRESS RELEASE: |
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October 25, 2005
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SARASOTA, FL --
(MARKET WIRE)
-- 10/25/2005 -- DNAPrint genomics, Inc. (OTC BB: DNAG) today
announced it has licensed a series of methylphenidate analogs or
Ritalin™-like compounds targeting the clinical development of enhanced
pharmaceuticals for the treatment of drug addiction, attention deficit
hyperactivity disorder (ADHD), and depression. This is the second drug
project that will be developed by DNAPrint Pharmaceuticals. Inc., the
Company's wholly owned, recently formed pharmaceutical subsidiary focused
on personalized medicine.
The licensed compounds are analogs of Ritalin™, a well-known drug used
for treatment of ADHD. The analogs are designed specifically to have a
slow onset and increased half-life in the blood stream, thus reducing a
patient's required daily dosage and the potential for drug abuse.
Methylphenidate was first introduced in the 1940s for patients suffering
from narcolepsy, a sleeping disorder. Methylphenidate later was found to
be useful in treating hyperactive children and adults with depression. One
of the drawbacks for methylphenidate is the requirement for multiple daily
doses because the drug reaches peak plasma concentrations in two hours and
the half-life is only one to three hours, with 80% of the drug excreted
during urination. Dosing starts out low and is gradually escalated to a
maximum of 60 mg per day for children.
"Our methylphenidate analogs are designed to treat depression and
hyperactivity while reducing the required dosing and mitigating
significantly the potential for abuse. Additionally, the compounds have
potential as treatments for cocaine abuse. In fact, the National Institute
for Drug Abuse is advancing one of the compounds in its search for
pharmaco-therapies for cocaine abuse," said Dr. Mark Froimowitz, the
leading researcher from whom the technology was licensed. "These compounds
were designed using molecular modeling and synthesized in a process
developed by Dr. Charles Kelley. This research has come out of 25 years of
work in the fields of drug addiction, Parkinson's disease and ADHD."
Drs. Froimowitz and Kelley have applied for patents for the newly licensed
compounds.
Ritalin™ or methylphenidate analogs represent a $4.6 billion dollar
market opportunity by 2014, according to the consulting and research firm
Decision Resources, Inc. "That's a significant opportunity for DNAPrint
genomics and other drug developers," said Richard Gabriel, President and
Chief Executive Officer of the Company. "The unique properties of these
new compounds coupled with DNAPrint's expertise in determining the
inherited gene characteristics of potential patients will enable us to
target research on a drug for patients who respond positively to treatment,
and hopefully, develop new compounds for those who might reject such a
drug."
Dr. Froimowitz and DNAPrint genomics are also working with the National
Institute for Drug Abuse (NIDA) in identifying compounds that offer
potential relief to the craving usually associated with drug abuse.
"One of the underlying goals is to utilize the newly licensed Froimowitz
analogs to develop drugs for patients who do not respond to methylphenidate
treatment at all," said Dr. Hector J. Gomez, DNAPrint's Chief Medical
Officer. "We are all very excited about combining our ability to identify
responder and non-responder patients using genetic ancestry and other
clinical markers and target clinical development programs toward those
patients."
About DNAPrint genomics, Inc.
DNAPrint genomics, Inc. (www.dnaprint.com) is a developer of genomics-based
products and services focused on drug development, pharmacogenomic
diagnostic tests, forensics technology and consumer genetic tests. The
Company's first theranostic product (drug/test combination) is PT-401, a
"Super EPO" (erythropoietin) dimer protein drug for treatment of anemia in
renal dialysis patients (end stage renal disease). Currently in
pre-clinical development, PT-401 will be targeted to patients with a
genetic profile indicating their propensity to have the best clinical
response. DNAPrint's family of products for the law enforcement forensics
and consumer markets include DNAWITNESS™, RETINOME™,
ANCESTRYbyDNA™ and EURO-DNA™.
Forward-Looking Statements
All statements in this press release that are not historical are
forward-looking statements. Such statements are subject to risks and
uncertainties that could cause actual results to differ materially from
those projected, including, but not limited to, uncertainties relating to
technologies, product development, manufacturing, market acceptance, cost
and pricing of DNAPrint's products, dependence on collaborations and
partners, regulatory approvals, competition, intellectual property of
others, and patent protection and litigation. DNAPrint genomics, Inc.
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained herein to
reflect any change in DNAPrint's expectations with regard thereto or any
change in events, conditions, or circumstances on which any such statements
are based.
Company Contact: Richard Gabriel CEO and President 941 366-3400 Ron Stabiner The Wall Street Group, Inc. 212-888-4848SOURCE: DNAPrint genomics, Inc. |
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