![]() DNAPrint Genomics DNA Fingerprinting |
From DNAPrint.com: |
|
LATEST PRESS RELEASE: | |
|
| |
|
July 18, 2006
| |
|
SARASOTA, FL --
(MARKET WIRE)
-- July 18, 2006 -- DNAPrint Genomics, Inc. (OTCBB: DNAG) today
announced that it has entered into a Sponsored Research Agreement with the
Harvard Medical School's Beth Israel Deaconess Medical Center (BIDMC) for
research on a new, more potent and longer-acting form of the anemia drug
Erythropoietin (EPO).
"Beth Israel Deaconess will determine the pharmacokinetic and
pharmacological properties of our PT-401 lead drug that we have in our
product pipeline," stated Hector J. Gomez, M.D., Ph. D., Chairman and Chief
Medical Officer of DNAPrint Genomics and Company's DNAPrint Pharmaceuticals
subsidiary. "We expect that the research will provide data that will be
included in the Company's anticipated future filings with the U.S. Food and
Drug Administration (FDA) for PT-401, a 'Super EPO' that is a more powerful
version of the existing drug."
Under the terms of the agreement, DNAPrint Genomics will provide Beth
Israel Deaconess $600,000 in funding for the research. One half of the
amount has already been paid with $150,000 due Jan. 1, 2007. The balance is
to be paid upon completion of the research.
In April 2005, DNAPrint Genomics announced that it had received an
exclusive worldwide license from BIDMC to develop PT-401. The EPO market
is growing at an average annual rate of 21%. Leading participants in the
existing monomer EPO market include Amgen, Johnson & Johnson and Roche.
"Through our ongoing working relationship with BIDMC, we are continuing to
make advances in the development of
PT-401," stated DNAPrint President and Chief Executive Officer Richard
Gabriel. "Erythropoietin is currently produced by major pharmaceutical
companies and targets a $10 billion worldwide market. We anticipate making
inroads into this market with PT-401."
About Beth Israel Deaconess Medical Center
Beth Israel Deaconess Medical Center is a patient care, research and
teaching affiliate of Harvard Medical School and ranks fourth in National
Institutes of Health funding among independent hospitals nationwide. BIDMC
is clinically affiliated with the Joslin Diabetes Center and is a research
partner of the Dana-Farber/Harvard Cancer Center. BIDMC is the official
hospital of the Boston Red Sox. For more information, visit
www.bidmc.harvard.edu.
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 (with end stage renal disease).
Preclinical and clinical development of all the Company's drug candidates
will benefit from simulated pre-trials to design actual trials better and
are targeted to patients with genetic profiles indicating their propensity
to have the best clinical responses. 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 EuroDNA™. 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.
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.
|
|
LATEST NEWS: GoTo See New Articles Archives |
|
|
|
Dnaprint AncestryByDNA Information Site by
Independent Investors. DNA Fingerprinting and Testing by DnaPrint Genomics
specialize in complex genetic analytics and information resource products
for next generations personalized medicine. Genotyping, sequencing fingerprinting, testing snp discovery pharmacogenomics personalized medicine forensics eye color, investigative tool DNA DNA print. genomics, polymorphism informatics genome, SNP nucleotide, human artificial intelligence phenomics neural, net pattern, cancer mathematics modeling disease Ancestry familytree dna fingerprint migration chromosome paternal maternal genome bioscience informatics lineage dna print dnaprint. |