AMDL Diagnostics, Inc. Enters Into Exclusive Distribution Agreement With Grifols USA, LLC to Advance Commercialization of DR-70
08 Oktober 2009 - 3:30PM
PR Newswire (US)
Partnership to expand marketing & sales in the USA TUSTIN,
Calif., Oct. 8 /PRNewswire-FirstCall/ -- Radient Pharmaceuticals
Corporation (NYSE Amex: RPC), a US-based pharmaceutical company
through its wholly-owned subsidiary AMDL Diagnostics, Inc. (ADI)
announced today it has entered into an exclusive 5-year marketing
and distribution agreement with Grifols USA, LLC. Under the terms
of the agreement, Grifols USA, LLC will market and sell ADI's DR-70
Onko-Sure cancer test for the monitoring of colorectal cancer (CRC)
to hospitals, clinical labs, clinics, and other healthcare
organizations throughout the US. Grifols is a publicly-traded,
multinational healthcare products manufacturer and distributor. The
company has business operations in more than 90 countries worldwide
focused on the research and development, manufacturing,
distribution, marketing, sales, and customer support for a diverse
range of in-house and 3rd party healthcare products and services,
now including ADI's DR-70 Onko-Sure cancer test. The agreement is
the latest milestone ADI has achieved in support of the company's
aggressive commercialization strategy for Onko-Sure. According to
the agreed upon terms, Grifols USA, LLC has the rights to market
and distribute ADI's Onko-Sure cancer test specifically for the
monitoring of colorectal cancer in the US. This includes developing
and implementing a marketing strategy to drive product awareness;
educate clinical laboratories and physicians; and generate product
sales. According to Patricia Silver, General Manager, US Diagnostic
Division at Grifols USA, LLC, "We are intensely dedicated to
providing hospitals, labs and clinics with highly innovative and
in-demand products and services which improve the level and quality
of patient health care around the world, and we are very pleased to
support the commercialization of ADI's Onko-Sure cancer test in the
US. ADI has developed a new option to assist physicians and their
patients in monitoring the recurrence of cancer and we are excited
to bring it to the marketplace." "We are extremely pleased to
announce a top-tier distribution partnership for our Onko-Sure
cancer test in the USA," commented Mr. Douglas MacLellan, Chairman
and CEO of Radient Pharmaceuticals & ADI. "We are making great
progress on our commercialization plan for Onko-Sure(TM), and with
this latest agreement, doing so with one of the most recognized,
respected and experienced companies in the healthcare sector. We
are dedicated to establishing a strong, long-lasting and highly
successful relationship with the Grifols team - one that will help
make Onko-Sure(TM) the standard in cancer testing and deliver
direct value to our customers, patients, and shareholders." With
the exception of heart disease, cancer causes more deaths than any
other medical condition in the world. According to the World Health
Organization (WHO), cancer is rapidly becoming the leading cause of
death worldwide and is expected to overtake heart disease by 2010.
Colorectal cancer is the third most common cancer worldwide and the
second leading cause of cancer deaths irrespective of gender in the
US, and one of the most commonly diagnosed of all cancers. Last
year, there were approximately 151,000 new cases diagnosed in the
US, roughly 51,000 deaths due to the disease*, and almost half of
all patients thought to be "cured" are expected to develop a
recurrence of CRC within 5 years - usually due to undetected
metastases.** Frequent surveillance of diagnosed patients is
recommended. In the USA Onko-Sure has been cleared for the
monitoring of colorectal cancer by the US FDA (July 2008). ADI
continues to expand its commercialization of Onko-Sure(TM) in
select international markets. For additional information on ADI and
its portfolio of products visit the Company's corporate website at
http://www.radient-pharma.com/. For Investor Relations information
contact Kristine Szarkowitz at or 1.206.310.5323. *National Cancer
Institute: Cancer Facts and Figures 2009. **Bull World Health
Organ: Shike M, Winawer SJ, Greenwald PH, et al. About Radient
Pharma: Headquartered in Tustin, California, Radient
Pharmaceuticals Corporation is an integrated pharmaceutical company
devoted to the research, development, manufacturing, and marketing
of diagnostic and premium skin care products. About Grifols S.A.
Grifols S.A. is a Spain-based company engaged in the healthcare
sector and is listed on Ibex-35 stock market. Grifols is involved
in the research, development, manufacturing and marketing of plasma
derivates, IV therapy solutions, enteral and parenteral nutrition,
diagnostic systems, pharmacy automation, and medical materials and
devices. Founded in 1940, Grifols currently operates in 90
countries with more than 6.000 employees, 26 subsidiaries with
combined gross revenues over Euro 800 million. Forward Looking
Statements: Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: The statements contained in this
document include certain predictions and projections that may be
considered forward-looking statements under securities law. These
statements involve a number of important risks and uncertainties
that could cause actual results to differ materially including, but
not limited to, the performance of joint venture partners, as well
as other economic, competitive and technological factors involving
the Company's operations, markets, services, products, and prices.
With respect to Radient Pharmaceuticals Corporation, except for the
historical information contained herein, the matters discussed in
this document are forward-looking statements involving risks and
uncertainties that could cause actual results to differ materially
from those in such forward-looking statements. Radient
Pharmaceuticals Corporation Contact: Kristine Szarkowitz
Director-Investor Relations (Tel:) 206.310.5323 DATASOURCE: Radient
Pharmaceuticals Corporation CONTACT: Kristine Szarkowitz,
Director-Investor Relations of Radient Pharmaceuticals Corporation,
+1-206-310-5323, Web Site: http://www.radient-pharma.com/
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