AMDL Signs Memorandum of Understanding for Clinical Trials in Taiwan for Its Combination Immunogene Therapy to Battle Cancer
January 31 2006 - 5:00AM
PR Newswire (US)
TUSTIN, Calif. and TAIPEI, Taiwan, Jan. 31 /PRNewswire-FirstCall/
-- AMDL, Inc. (AMEX:ADL), developer and marketer of tests for the
early detection of cancer and other serious diseases, today
announced that it has signed a Memorandum of Understanding (MOU)
with Vectorite Biomedica, Inc., a Taiwan based company, that could
lead to the development of human and animal clinical trials in
Taiwan of AMDL's Combination Immunogene Therapy (CIT), a
therapeutic vaccine. "Vectorite introduced AMDL, and its CIT
technology, to various senior officials from the Chang Gung
Memorial Hospital and the National Taiwan University School of
Veterinary Medicine, and each has a significant interest in
immediately beginning a clinical trial process, potentially
including a fast-track Taiwan Food and Drug Administration approval
of CIT," said Gary L. Dreher, CEO of AMDL. CIT uses two genes in
combination to both build the body's immune system and to destroy
cancer cells. Its GM-CSF gene alters the tumor by activating
tumor-specific T-cells within the immune system, while its B7-2
gene enters the tumor to stimulate stronger and larger T-cells to
attack the cancer. The approach is potentially superior to
traditional gene therapy, which seeks to replace damaged or
abnormal genes with healthy ones. This has proven to be difficult
because of the number of genes involved. CIT was shown to be 100
percent effective in a humanized mouse model in previous clinical
trials in Canada. AMDL also said that CIT is synergistic to its
DR-70(R) cancer test, giving the Company both the ability to
monitor and treat cancers. AMDL's primary objective remains
receiving U.S. Food & Drug Administration clearance to market
the DR-70(R), which would simultaneously increase market awareness
and acceptance in the international marketplace. About Vectorite
Biomedica Vectorite Biomedica, a Taiwan-based Company, is devoted
to improving the quality of life by applying innovative
biotechnology solutions to human diseases. The platform technology
of Vectorite includes innovative genetic tools for gene transfer,
discovery functional genomics, deciphering disease pathways and
drug validation. "We are very much looking forward to taking the
next steps necessary in this Memorandum of Understanding, including
developing a clinical trial protocol for both studies," said Eddie
Ting, President, Vectorite Biomedica, Inc. About AMDL AMDL, Inc.
(AMEX:ADL), headquartered in Tustin, California, is a theranostics
company, involved in the detection and treatment of the same
disease, cancer. AMDL is the inventor, developer and worldwide
marketer through exclusive distribution agreements of the DR-70(R)
non-invasive cancer blood test, which has demonstrated its ability
to detect the presence in humans of up to 13 cancers 84 percent of
the time overall. In a study published in the Journal of
Immunoassay (1998, vol. 19, pp 63-72) DR-70(R) was shown to detect
at least 13 different types of cancer (lung, breast, stomach,
liver, colon, rectal, ovarian, esophageal, cervical, trophoblastic,
thyroid, malignant lymphoma, pancreatic) although the sample size
for 9 of the cancers was not statistically significant. Clinical
trials of DR-70(R) have been conducted in Canada, China, Germany,
Taiwan and Turkey. DR-70(R) can detect many kinds of cancer using a
single tube of blood, eliminating the need for costly, multiple
tests. AMDL also owns a Combination Immunogene Therapy technology
that is a possible treatment for those already diagnosed with
cancer and could eventually be used as a vaccine to protect
patients known to be at risk because of a family history for
certain types of cancer. The combination therapy both builds the
body's immune system and destroys cancer cells. More information
about AMDL and its additional products can be obtained at
http://www.amdl.com/. Forward-Looking Statements We intend that the
statements in this press release that are not historical constitute
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21 of the
Securities Exchange Act of 1934, as amended and are subject to
numerous risks and uncertainties, including the risks (i) that the
transaction described may not be completed when expected, or at
all, (ii) the risk that the terms of the definitive acquisition
agreements may materially differ from that disclosed herein, (iii)
the risks related to the inability to obtain or meet conditions
imposed for, governmental and other approvals of the transaction,
including the approval by the stockholders of AMDL, (iv) risks
related to the uncertainty surrounding the transaction and
transactions of this type and (v) the costs related thereto. In
addition, these forward-looking statements are subject to the other
risks of AMDL's business, including, but not limited to, (a) AMDL's
failure to complete successfully the development of new or enhanced
products, (b) AMDL's future capital needs, (c) the lack of market
demand for any new or enhanced products that AMDL may develop, (d)
the lack of market acceptance of AMDL's products and its limited
revenues to date, (e) the success of competitive products, other
economic factors affecting AMDL and its markets, and (f) other
risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission. The actual results may differ
materially from those contained in this press release. The Company
disclaims any obligation to update any statements in this press
release in the event of new circumstances or unanticipated events
that may occur in the future. Contact: AMDL, Inc. Gary L. Dreher
President & CEO (714) 505-4460 DATASOURCE: AMDL, Inc. CONTACT:
Gary L. Dreher, President & CEO of AMDL, Inc., +1-714-505-4460
Web site: http://www.amdl.com/
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