Advanced Proteome Therapeutics Files Patent Application on Swift Linkage Multivalent Technology
20 Oktober 2009 - 3:00PM
Marketwired
In continuing efforts to advance the field of Protein Modification
Technologies, Advanced Proteome Therapeutics ("APT") (TSX VENTURE:
APC) has filed what it believes is a landmark patent application
this month on inventions related to its Swift Linkage Multivalent
Technology (SMLT). This Patent, along with previous discoveries,
represents a milestone in the company's development and is a
significant step toward commercialization.
Protein therapeutics is the fastest growing segment of the
pharmaceutical market, with sales projected to be in the 75 billion
dollar range by 2013. The Company feels it is well positioned, by
virtue of discoveries related to SLMT, to capitalize on this
growing market with its own internal projects as well as those of
potential partners.
This advanced technology is currently being applied internally
to protein targets aimed at treating cancer, Crohn's disease,
arthritis, obesity, atherothrombosis and plaque rupture. In
conjunction with the Company's internal progress, this patent
filing allows the Company to foster relationships with potential
partners, and/or customers that desire to utilize APT technology to
further the development of their own programs.
The Company believes that the technology expands commercial
opportunities for APT in certain subfields of protein therapeutics
that have been especially challenging, providing APT with a
competitive edge, and further validating its corporate
strategy.
About Swift Linkage Multivalent Technology - Invented by APT to
expand the repertoire of entities that can be rapidly linked to
protein sites to generate products for development, the technology
enables the rapid attachment of a desired entity to a modified site
on a protein surface site-specifically, and to the fullest extent.
SMLT has been demonstrated in several instances in APT programs to
be capable of providing homogeneous products and may offer distinct
technological advantages in the synthesis and manufacturing process
of new protein therapeutics.
About Advanced Protein Therapeutics - APT is a pioneer and
leader in the development of Protein Modification Technology which
is directed toward altering proteins to improve their therapeutic
and industrial potential. APT has created a broad platform
technology applicable to a large variety of protein-based products
to treat multiple areas of unmet medical need. The Company is
applying its technology to the two fastest growing areas of
therapeutics and diagnostics, Protein Drugs, and Personalized
Medicine, respectively.
The forward-looking statements contained in this news release
involve risks and uncertainties, and are subject to change based on
various important factors including timely development and
acceptance of new products, gaining product approval, successful
entry into new markets, changes in financing conditions, and
changes in FDA regulations.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy of this
release.
Contacts: Gale Capital Corporation 604.200 0103, ext. 272 (APC)
apc@galecapital.com
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