Corgenix Announces Collaboration to Study Role of Its AtherOx(R) Technology Products in Cardiac Risk Assessment
26 August 2008 - 5:51PM
PR Newswire (US)
AtherOx(R) technology products will be included in major study of
atherosclerosis and arterial lesions responsible for the most
serious forms of heart disease DENVER, Aug. 26
/PRNewswire-FirstCall/ -- Corgenix Medical Corporation (OTC:CONX)
(BULLETIN BOARD: CONX) , a worldwide developer and marketer of
diagnostic test kits, has announced its collaboration with BG
Medicine (BGM) http://www.bg-medicine.com/, a Waltham, Mass.-based
life sciences company focused on the discovery, development and
commercialization of novel molecular-based diagnostics. Under the
collaboration, Corgenix' AtherOx(R) products will be included in
studies conducted by BG Medicine to predict near-term risk of first
myocardial infarction (MI). "We are extremely pleased with this
opportunity to evaluate the role of our AtherOx products in this
important indication," said Douglass Simpson, Corgenix' President
and Chief Executive Officer. Under the terms of the collaboration
agreement, Corgenix will provide several of its products for the
studies conducted by BG Medicine, including the IgG Anti-AtherOx(R)
Kit, which is currently FDA cleared, as well as the investigational
Anti-AtherOx IgM and AtherOx kits. Corgenix may use the data
generated by BG Medicine with the AtherOx technology products for
regulatory and commercialization purposes in exchange for certain
considerations. The IgG Anti-AtherOx Test Kit indication for use in
the United States is for the detection of IgG antibodies to
complexes formed by oxidized low-density lipoprotein (oxLDL) with
B2-glycoprotein I (B2GPI) in individuals with systemic lupus
erythematosus (SLE) and lupus-like disorders (antiphospholipid
syndrome). About Corgenix Medical Corporation Corgenix is a leader
in the development and manufacturing of specialized diagnostic kits
for immunology disorders, vascular diseases and bone and joint
disorders, including the world's only non-blood-based test for
aspirin effect. Corgenix diagnostic products are commercialized for
use in clinical laboratories throughout the world. The company
currently sells over 50 diagnostic products through a global
distribution network. More information is available at
http://www.corgenix.com/. About AtherOx The AtherOx technology
utilizes oxidized low-density-lipoprotein (oxLDL) complexed with
the plasma protein B2GPI. Although oxLDL has been implicated in
cardiovascular disease, according to results published in the
Annals of N.Y. Academy of Science (2007), determination of
oxLDL/B2GPI complexes, rather than oxLDL alone, may be a more
physiologic and accurate way of assessing the risk of progressive
atherosclerotic cardiovascular disease in individuals with systemic
lupus erythematosus and lupus-like disorders. Corgenix licensed
this technology in 2002, and is developing additional products
utilizing this unique platform. Two U.S. patents have been issued
and several others are pending. Statements in this press release
that are not strictly historical facts are "forward-looking"
statements (identified by the words "believe", "estimate",
"project", "expect" or similar expressions) within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements inherently involve risks and uncertainties that could
cause actual results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such
differences include, but are not limited to, continued acceptance
of the Company's products and services in the marketplace,
competitive factors, changes in the regulatory environment, and
other risks detailed in the Company's periodic report filings with
the Securities and Exchange Commission. The statements in this
press release are made as of today, based upon information
currently known to management, and the Company does not undertake
any obligation to publicly update or revise any forward-looking
statements. DATASOURCE: Corgenix Medical Corporation CONTACT:
William Critchfield, Senior VP and CFO of Corgenix Medical Corp.,
+1-303-453-8903, ; or Media, Dan Snyders, Vice President and Public
Relations Supervisor of Armada Medical Marketing, +1-303-623-1190,
ext. 230, Fax, +1-303-623-1191, , for Corgenix Medical Corp. Web
site: http://www.corgenix.com/ http://www.bg-medicine.com/
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