Zila, Inc. Adds Pacific Rim To ViziLite Market
November 15 2006 - 8:30AM
Business Wire
Zila, Inc. (Nasdaq GM: ZILA) reported today that it has acquired
the rights to manufacture and distribute ViziLite� in the Pacific
Rim from President Medical Technologies, Inc., a Taiwanese company.
This transaction completes the evolution of Zila from a licensee of
the ViziLite technology to one of sole owner of all ViziLite
rights, including the underlying patented technology and world-wide
distribution. Zila is executing its plan to establish ViziLite Plus
as the new standard of care in oral cancer detection. ViziLite Plus
is the most advanced technology on the market for the early
detection of oral abnormalities that could lead to cancer. Zila's
next generation�oral cancer diagnostic product, OraTest, is
currently proceeding through a Phase III clinical trial. �Oral
cancer is a prevalent and deadly disease within the Pacific Rim.
This transaction paves the way for strategic alliances for the
distribution of our cancer detection products within the Pacific
Rim. It is our goal to establish ViziLite Plus as the standard of
care, not only in dental offices across the United States, but
ultimately around the world,� stated Zila Chairman, CEO and
President, Douglas Burkett, Ph.D. In a separate release yesterday,
Zila announced its plan to acquire Professional Dental Technologies
(�Pro-Dentec��) in order to strengthen the Company�s ability to
market and sell its oral cancer detection products in the United
States. About Oral Cancer Oral cancer is among the most deadly
cancer types globally, largely owing to the fact that roughly
two-thirds of all oral cancers are detected at advanced stage. When
oral cancer is detected early, survival rates are about 80%;
detected late, the survival rate falls to 20%. The American Dental
Association says that while most cases of oral cancer affect people
who use tobacco and/or drink heavily, more than a quarter of oral
cancers occur in people who do not smoke and have no other risk
factors. About Zila, Inc. Zila, Inc., headquartered in Phoenix, is
a leading cancer diagnostic company initially focused on oral
cancer: Zila Pharmaceuticals is dedicated to establishing ViziLite�
Plus as the new standard of care for the early detection of oral
abnormalities that could lead to cancer. Zila Biotechnology is
focused on achieving regulatory approval for the next generation
oral cancer diagnostic, OraTest�, followed by the development of
additional applications of its cancer detection technologies
including products for the early detection of cervical and
esophageal cancer. For more information about Zila, visit
www.zila.com. This press 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.
These forward-looking statements are based largely on Zila's
expectations or forecasts of future events, can be affected by
inaccurate assumptions and are subject to various business risks
and known and unknown uncertainties, a number of which are beyond
the Company's control. Therefore, actual results could differ
materially from the forward-looking statements contained herein. A
wide variety of factors could cause or contribute to such
differences and could adversely impact revenues, profitability,
cash flows and capital needs. There can be no assurance that the
forward-looking statements contained in this press release will, in
fact, transpire or prove to be accurate. For a more detailed
description of these and other cautionary factors that may affect
Zila's future results, please refer to Zila's Form 10-K for its
fiscal year ended July 31,2006. Zila, Inc. (Nasdaq GM: ZILA)
reported today that it has acquired the rights to manufacture and
distribute ViziLite(R) in the Pacific Rim from President Medical
Technologies, Inc., a Taiwanese company. This transaction completes
the evolution of Zila from a licensee of the ViziLite technology to
one of sole owner of all ViziLite rights, including the underlying
patented technology and world-wide distribution. Zila is executing
its plan to establish ViziLite Plus as the new standard of care in
oral cancer detection. ViziLite Plus is the most advanced
technology on the market for the early detection of oral
abnormalities that could lead to cancer. Zila's next generation
oral cancer diagnostic product, OraTest, is currently proceeding
through a Phase III clinical trial. "Oral cancer is a prevalent and
deadly disease within the Pacific Rim. This transaction paves the
way for strategic alliances for the distribution of our cancer
detection products within the Pacific Rim. It is our goal to
establish ViziLite Plus as the standard of care, not only in dental
offices across the United States, but ultimately around the world,"
stated Zila Chairman, CEO and President, Douglas Burkett, Ph.D. In
a separate release yesterday, Zila announced its plan to acquire
Professional Dental Technologies ("Pro-Dentec(R)") in order to
strengthen the Company's ability to market and sell its oral cancer
detection products in the United States. About Oral Cancer Oral
cancer is among the most deadly cancer types globally, largely
owing to the fact that roughly two-thirds of all oral cancers are
detected at advanced stage. When oral cancer is detected early,
survival rates are about 80%; detected late, the survival rate
falls to 20%. The American Dental Association says that while most
cases of oral cancer affect people who use tobacco and/or drink
heavily, more than a quarter of oral cancers occur in people who do
not smoke and have no other risk factors. About Zila, Inc. Zila,
Inc., headquartered in Phoenix, is a leading cancer diagnostic
company initially focused on oral cancer: -- Zila Pharmaceuticals
is dedicated to establishing ViziLite(R) Plus as the new standard
of care for the early detection of oral abnormalities that could
lead to cancer. -- Zila Biotechnology is focused on achieving
regulatory approval for the next generation oral cancer diagnostic,
OraTest(R), followed by the development of additional applications
of its cancer detection technologies including products for the
early detection of cervical and esophageal cancer. For more
information about Zila, visit www.zila.com. This press 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. These forward-looking statements are based
largely on Zila's expectations or forecasts of future events, can
be affected by inaccurate assumptions and are subject to various
business risks and known and unknown uncertainties, a number of
which are beyond the Company's control. Therefore, actual results
could differ materially from the forward-looking statements
contained herein. A wide variety of factors could cause or
contribute to such differences and could adversely impact revenues,
profitability, cash flows and capital needs. There can be no
assurance that the forward-looking statements contained in this
press release will, in fact, transpire or prove to be accurate. For
a more detailed description of these and other cautionary factors
that may affect Zila's future results, please refer to Zila's Form
10-K for its fiscal year ended July 31,2006.
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