MyGene, Inc. Says it Wins Government Approval to Market AMDL's DR-70(R) Cancer Diagnostic Kit in South Korea
January 22 2007 - 12:59PM
PR Newswire (US)
TUSTIN, Calif., Jan. 22 /PRNewswire-FirstCall/ -- AMDL, Inc.
(AMEX:ADL), developer and marketer of tests for the early detection
of cancer and other serious diseases, said today the South Korean
company MyGene, Inc., has announced it has won approval from its
government to market AMDL's unique DR-70(R) cancer diagnostic test
kit in that nation. MyGene is affiliated with approximately 100
medical centers in South Korea, which has a population of close to
50 million people, and currently markets a unique test for human
papilloma virus for cervical cancer, as well as BRC1 and BRC2 for
breast cancer. "MyGene is well respected throughout the South
Korean medical community," said Gary L. Dreher, AMDL CEO. "South
Korea is a nation of more than 50 million people and we are pleased
that MyGene will be distributing our flagship product in this
important southeastern Asian country." DR-70(R), a non-invasive
blood test, has shown in clinical trials conducted in Germany,
Canada, Taiwan, China and Turkey to be able to detect the presence
of one or more cancers 84 percent of the time. These cancers
include lung, colon, breast, stomach, liver, cervical and malignant
lymphoma. "We are very optimistic about the acceptance of this
excellent product in South Korea, a nation where preventative
medicine is very important. We are confident that South Koreans
will view this as a great assistance in improving the quality of
life of its population," said Dr. Dukjoo Lee, President of MyGene.
"We have applied for National Health Insurance reimbursement for
DR-70(R) and we are optimistic about that approval." 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. More information
about AMDL and its additional products can be obtained at
http://www.amdl.com/. About MyGene: MyGene Inc., headquartered in
Seoul, Korea, is a major developer and distributor of life science
research products based on proprietary technologies in the area of
genomics and proteomics. One of the Company's important goals is to
distribute state of the art technologies of human cancer detection
kits such as AMDL's DR-70(R) through its well stabilized market
channel in Korea. MyGene products are designed to aid in the
discovery and development of diagnostics for human healthcare and
animal as well. MyGene's first products are Oligo chip based
lab-on-a-chip tools for use in identifying and investigating the
roles of genes, gene mutations and proteins. Oligo chip based
systems are capable of performing multiplexed assays involving DNA,
RNA, protein, peptides or molecules. More information about MyGene
can be obtained at http://english.mygene.net/ . About AMDL AMDL,
Inc. (AMEX:ADL), headquartered in Tustin, California, with
operations in Shenzhen, Jaingxi and Jilin China through its wholly
owned subsidiary Jade Pharmaceutical Inc., is an international
biopharma company. AMDL together with Jade engages in the
development, manufacture and marketing of proprietary
pharmaceutical and testing products. More information about AMDL
and its additional products can be obtained at
http://www.amdl.com/. Forward-Looking Statements Statements in this
press release may constitute forward-looking statements and are
subject to numerous risks and uncertainties, including the failure
to complete successfully the development of new or enhanced
products, the Company's future capital needs, the lack of market
demand for any new or enhanced products the Company may develop,
any actions by the Company's partners that may be adverse to the
Company, the success of competitive products, other economic
factors affecting the Company and its markets, and 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. CONTACT: AMDL, Inc. Gary L. Dreher President & CEO P#
(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/ http://english.mygene.net/
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