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From DNAPrint.com: |
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LATEST PRESS RELEASE: |
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March 3, 2006
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SARASOTA, FL --
(MARKET WIRE)
-- 03/03/2006 -- DNAPrint Genomics, Inc. (OTC BB: DNAG) today
announced that it has entered into a Research Sponsorship Agreement with
the Massachusetts College of Pharmacy and Health Sciences for the potential
development of Ritalin™-like compounds as possible medications for drug
abuse, attention deficit hyperactivity disorder (ADHD) and depression.
According to the National Institute of Mental Health, between 3 and 5
percent of children have ADHD, or approximately 2 million children in the
United States.
The research will be conducted under the supervision of Dr. Mark
Froimowitz, a researcher at the Boston-based College, who recently licensed
the compounds to DNAPrint Genomics. The compounds are analogs of Ritalin, a
well-known drug used for treatment of ADHD and designed specifically to
take effect slowly but last longer, thus reducing their potential for abuse
and a patient's required daily dosage.
DNAPrint Chairman and Chief Medical Officer Hector J. Gomez, M.D., Ph.D.,
who also heads the clinical development for the Company's newly formed
subsidiary, DNAPrint Pharmaceuticals, Inc., said his staff and Dr.
Froimowitz will be working together closely to develop "theranostic"
test/drug combinations based on the compounds designed to ensure that
patients receive the appropriate medicine and proper dosage based on a
patient's genetic constitution. Theranostic test/drug combinations are
designed to reduce efficacy and side effects problems associated with
conventional drug treatments.
"These Ritalin-like compounds present an ideal opportunity for our goal to
develop products for personalized medicine," Dr. Gomez stated. "DNAPrint's
capabilities in genomics and the College's expertise in pharmaceuticals
represent a powerful synergy in the field of theranostic drug research."
According to Dr. Froimowitz, Research Professor of Chemistry at the
Massachusetts College of Pharmacy and Health Sciences, "These compounds
have a number of desirable properties and possible therapeutic indications.
The possibility of linking their clinical use to patient genomics
represents the future of drug development."
"Many researchers believe that a strong link exists among drug addiction,
ADHD and depression. There is a tremendous variation, however, across
patient populations, with respect to drug response for the therapies used
to treat these disorders," said Richard Gabriel, Chief Executive Officer
and President of DNAPrint Genomics, Inc. "In fact, the National Institute
of Drug Abuse has selected one of Dr. Froimowitz's compounds for their
pre-clinical drug addiction development program. We will be supplying
purified compounds to NIDA for further development."
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™.
DNAWitness-Y and DNAWitness-Mito are two tests offered by the Company. The
results from these tests may be used as identification tools when a DNA
sample is deteriorated or compromised or other DNA testing fails to yield
acceptable results.
About MCPHS
Founded in 1823, Massachusetts College of Pharmacy and Health Sciences
(www.mcphs.edu) is a private coeducational college offering graduate,
professional and undergraduate degrees in pharmacy and health sciences.
With campuses in Boston and Worcester, Massachusetts and Manchester, New
Hampshire, MCPHS is the oldest institution of higher education in the City
of Boston and its pharmacy program is the second oldest in the U.S.
Professional or undergraduate degrees are offered in pharmacy, nursing,
physician assistant studies, dental hygiene, radiologic sciences,
environmental science, health psychology, chemistry, and premedical and
health studies. Graduate programs are offered in drug regulatory
affairs/health policy, drug discovery and development, pharmacy systems
administration, pharmaceutical sciences, medicinal chemistry, and
pharmacology. The College enrolls approximately 2,800 students, who are
drawn from 32 states and 30 foreign countries, and employs more than 300
faculty and staff.
MCPHS is accredited by the New England Association of Schools and Colleges
and has received degree-granting authority from the Great and General Court
of Massachusetts and the New Hampshire Postsecondary Education Commission.
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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