AMDL Announces Jade Pharmaceutical Files for Approval for AMDL's DR-70(R) Cancer Diagnostic Test Kit in China
September 25 2006 - 10:30AM
PR Newswire (US)
TUSTIN, Calif., Sept. 25 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL), developer and marketer of tests for the early detection
of cancer and other serious diseases, announced today that Jade
Pharmaceutical Inc., the registration agent in China for AMDL, has
submitted an application with the China State Food and Drug
Administration (SDFA) for approval to market AMDL's DR-70(R) cancer
test. The SDFA has begun the approval process and DR-70(R) is
undergoing standard product review by the Beijing Institute of
Medical Device Quality Supervision and Inspection Center. According
to the Drug Discovery News, the worldwide market for cancer
diagnostics (including in vitro diagnostics such as AMDL's
DR-70(R)) is expected to increase from approximately $4.1 billion
in 2004 to an estimated $7.4 billion in 2009. With more than 3
million cancer patients in China, the disease is one of the major
causes of death in urban areas and especially in people 65 and
older. Chinese government officials see early detection as a key to
cutting the morbidity and mortality rate for cancer as well as
stemming the costs for treating this disease in its advanced
stages. "With a growing urban and rapidly aging population, and the
increasing trend toward health awareness by the Chinese people,
there is a significant market for cancer diagnostics in China,"
said Gary Dreher, AMDL CEO. "As living standards increase, promoted
by enormous economic development in China, the market demand for
early stage cancer detection is certain to grow. It is estimated
this year-over-year growth will be 10 percent going forward." Mr.
Dreher stressed that "in collaboration with Jade Pharmaceutical, we
have significant advantages entering this marketplace compared to
competitors, including use of Jade Pharmaceutical's experienced
pharmaceutical sales teams, a solid relationship with China's
medium to large hospitals and physical examination centers, and an
excellent professional relationship with Chinese associations that
play a key decision-making role," Mr. Dreher said. 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 14 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 This news release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
are subject to certain risks and uncertainties, and actual
circumstances, events or results may differ materially from those
projected in such forward-looking statements. The Company cautions
readers not to place undue reliance on any forward-looking
statements. The Company does not undertake, and specifically
disclaims any obligation, to update or revise such statements to
reflect new circumstances or unanticipated events as they occur.
Contact: AMDL, Inc. Gary L. Dreher President & CEO (714)
505-4460 DATASOURCE: AMDL, Inc. CONTACT: Gary L. Dreher, President
& CEO, AMDL, Inc., +1-714-505-4460 Web site:
http://www.amdl.com/
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