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From DNAPrint.com: |
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LATEST PRESS RELEASE: |
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January 26, 2006
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SARASOTA, FL --
(MARKET WIRE)
-- 01/26/2006 -- DNAPrint Genomics, Inc. (OTC BB: DNAG) today
announced that the Company and Harvard University have entered into a
sponsored research and a field-exclusive licensing agreement. Under the
agreement, DNAPrint Genomics, Inc. will sponsor further development in the
Laboratory for Translational Research (LTR) at Harvard Medical School of a
diagnostic test devised in the Laboratory to target early identification of
the population at risk of developing vascular diabetic complications. The
Company also will conduct work directed toward its eventual
commercialization of the test.
Diabetes is the number one cause of renal transplants, blindness and leg
amputations. These are all vascular (blood vessel) complications of
diabetes and are the most serious and burdensome effects of the disease for
diabetic patients. Treatment of these complications of diabetes consumes
10-15% of the overall US health budget. Therefore, early detection of the
diabetic population at risk is a major public health priority as set out by
the National Heart Lung and Kidney Institute of the National Institutes of
Health in the 1990s. Dr. Jose Halperin, head of the LTR, and members of
his research group discovered that a molecule
-- called CD59
-- which is a regulator of the complement system, appears to be a key
player in how small blood vessels are damaged during the spikes in blood
glucose levels that are common in diabetic individuals. Continuous damage
to these microvessels is the underlying cause of the kidney, nerve and
heart disease that more than 60% of diabetic patients suffer over a
lifetime. This discovery of a molecule that is a hallmark of such vessel
damage will enable DNAPrint Genomics, Inc. to develop a test to identify
even very early stages of microvascular complications.
"Unfortunately, by the time patients are diagnosed with a major
complication of diabetes, it may be too late for effective therapy by most
available medications and changes in life style," said Dr. Hector Gomez,
Chairman and Chief Medical Officer of DNAPrint Genomics, Inc. and the newly
formed DNAPrint Pharmaceuticals, Inc., a wholly owned subsidiary of
DNAPrint Genomics, Inc. This collaboration will further the development of
new diagnostic tests that will help physicians and healthcare providers
re-direct predisposed patients to healthier lifestyle changes and perhaps
even some day, medications to help slow down or prevent the onset of
vascular diabetic complications.
"This well advanced technology licensed by DNAPrint Genomics Inc. was
developed with support from the National Institutes of Health, which funded
much of the early discovery work. We are pleased to have the opportunity to
sponsor research that will further develop and eventually commercialize
this important diagnostic test that could significantly improve the
management of diabetes," said Richard Gabriel, CEO and President of
DNAPrint Genomics, Inc.
About DNAPrint Genomics, Inc.
DNAPrint Genomics, Inc. (www.dnaprint.com) is a developer of genomics-based
products and services in two primary markets: biomedical and forensics.
DNAPrint Pharmaceuticals, Inc., a wholly owned subsidiary, develops
diagnostic tests and theranostic products (drug/test combinations) using
the Company's proprietary ancestry-informed genetic marker studies combined
with proprietary computational modeling technology. Computational Biology
and Pharmacogenomics services are also offered externally to
biopharmaceutical companies. The Company's first theranostic product is
PT-401, a "Super EPO" (erythropoietin) dimer protein drug for treatment of
anemia in renal dialysis patients (end stage renal disease). Pre-clinical
and clinical development of all the Company's drug candidates will benefit
from simulated pre-trials to better design actual trials and are targeted
to patients with a genetic profile indicating their propensity to have the
best clinical response. DNAPrint is proud of its continued dedication to
developing and supplying new technological advances in law enforcement and
consumer ancestry heritage interests. Please refer to www.dnaprint.com for
information on law enforcement and consumer applications which 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, except as may be
required by applicable law or regulation, 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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