Dermisonics Disputes Claims Made by Sontra Medical Corp. in Sontra's Press Release Dated February 1, 2006
02 Februar 2006 - 3:16AM
PR Newswire (US)
WEST CONSHOHOCKEN, Pa., Feb. 1 /PRNewswire-FirstCall/ --
Dermisonics, Inc. (OTC Bulletin Board: DMSI; FWB: FQC) disputes
allegations made by Sontra Medical Corp. in their press release of
February 1, 2006. Dermisonics does not intend to infringe the
intellectual property rights of Sontra, or any other party, now or
in the future. Accordingly, Dermisonics is investigating Sontra's
allegations and has referred this matter to its patent counsel. In
a September 2005 letter to Dermisonics, Sontra's counsel stated,
"Sontra believes it would be fruitful for Sontra and Dermisonics to
discuss a possible business venture." In furtherance of that
possibility, in December 2005 Dermisonics and Sontra entered into a
mutual confidentiality agreement for the purpose of reviewing the
compatibility of each other's technology and applications. It was
Dermisonics' understanding that these discussions would continue in
early 2006. Dermisonics looks forward to working with any party
that can advance its technologies to commercialization. About
Dermisonics, Inc. Dermisonics is an intellectual property company
and advanced technology incubator that is primarily focused on the
ongoing development, testing and eventual commercialization of a
transdermal patch that has been designed to facilitate the
efficient and needle-free delivery of drugs with large molecular
structures into the bloodstream. Its breakthrough system, called
the U-Strip, is based on a radical integration of microelectronics
and ultrasonic science with a product-carrying patch, and
represents a quantum leap in non- invasive, transdermal delivery
technology. Tests have shown that this system facilitates the
transdermal delivery of insulin as well as potentially at least 175
other existing drugs that at present cannot be effectively
delivered through the pores of the skin using conventionally
available transdermal technology due to their large molecular size.
The Company has also developed other portable ultrasonic systems
for applications in the medical (Antiseptic Wand) and skin care
(U-Wand) fields. Forward-Looking Statements This release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934 that are based upon current expectations or beliefs, as
well as a number of assumptions about future events. Although the
Company believes that the expectations reflected in the
forward-looking statements and the assumptions upon which they are
based are reasonable, it can give no assurance that such
expectations and assumptions will prove to have been correct. The
reader is cautioned not to put undue reliance on these forward-
looking statements, as these statements are subject to numerous
factors and uncertainties, including but not limited to adverse
economic conditions, intense competition, lack of meaningful
research results, entry of new competitors and products, adverse
federal, state and local government regulation, inadequate capital,
unexpected costs and operating deficits, increases in general and
administrative costs, termination of contracts or agreements,
technological obsolescence of the Company's products, technical
problems with the Company's research and products, price increases
for supplies and components, litigation and administrative
proceedings involving the Company, the possible acquisition of new
businesses or that result in operating losses or that do not
perform as anticipated, unanticipated losses, the possible
fluctuation and volatility of the Company's operating results,
financial condition and stock price, losses incurred in litigating
and settling cases, dilution in the Company's ownership of its
business, adverse publicity and news coverage, inability to carry
out research, development and commercialization plans, loss or
retirement of key executives and research scientists, changes in
interest rates, inflationary factors, and other specific risks. In
addition, other factors that could cause actual results to differ
materially are discussed in the Company's most recent Form 10-QSB
and Form 10-KSB filings with the Securities and Exchange
Commission. Contact: Dermisonics, Inc. Bruce Haglund, 949-733-1101
or European Investor Relations: Michael Drepper, +49-621-430-6130
DATASOURCE: Dermisonics, Inc. CONTACT: Bruce Haglund,
+1-949-733-1101, or , or European Investor Relations, Michael
Drepper, +49-621-430-6130, or , both of Dermisonics, Inc. Web site:
http://www.dermisonics.com/
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