Ciphergen, University College of London, and UCL BioMedica Plc. Sign Collaboration Agreement to Validate and Discover New Biomar
October 06 2005 - 10:01AM
PR Newswire (US)
Ciphergen and UCL Will Utilize Clinical Samples Collected in Large
Scale Studies of Ovarian Cancer FREMONT, Calif., Oct. 6
/PRNewswire-FirstCall/ -- Ciphergen Biosystems, Inc. (NASDAQ:CIPH)
announced today that it has signed a research and license agreement
with UCL (University College London) and UCL BioMedica Plc. to
utilize Ciphergen's suite of proteomic solutions (Deep
Proteome(TM), Pattern Track(TM) Process, and ProteinChip(R) System)
to further their ongoing research in ovarian cancer. The principal
investigator, Professor Ian Jacobs of UCL and President of the
European Society of Gynecological Oncology (ESGO), is recognized as
a world authority on ovarian cancer. He and his team manage the
largest screening trial in the world -- the United Kingdom
Collaborative Trial of Ovarian Cancer Screening (UKCTOCS) which
involves 200,000 women. Ciphergen and its collaborators at UCL will
work together to further validate and characterize ovarian cancer
biomarkers as well as discover potential new biomarkers. They plan
to utilize samples from a new prospective collection of over 1000
patients with ovarian cancer, benign neoplasms and 4000 healthy
controls recruited through 10 UK centres. This work is expected to
address multiple clinical questions, including validation of
markers described in Cancer Research in August 2004, and the
discovery of additional biomarkers that distinguish ovarian cancer
from other gynecologic masses. Under the terms of the agreement,
Ciphergen will have exclusive rights to license discoveries made
during the course of this collaboration. "We are very excited to be
working with Ciphergen. It is our belief that this technology could
lead to breakthrough discoveries in the area of women's health.
Combining Ciphergen's expertise in translational proteomics with
our clinical resources and research expertise is an important step
in our efforts to accelerate the development of new diagnostic
approaches to ovarian and breast cancer" said Professor Ian Jacobs.
"Ciphergen is delighted to announce this agreement with University
College London, a world renowned center of excellence for research
into women's health. Professor Ian Jacobs is a leading authority in
the field and by joining forces with Professor Jacobs and his team,
we are hopeful that our joint efforts will translate into improved
diagnosis and treatment of these major life-threatening diseases,"
said Gail Page, President and Chief Operating Officer of Ciphergen.
About Ciphergen Ciphergen is dedicated to the discovery of protein
biomarkers and panels of biomarkers and their development into
protein molecular diagnostic tests that improve patient care; and
to providing collaborative R&D services through its Biomarker
Discovery Center(R) laboratories for biomarker discovery for new
diagnostic tests as well as pharmacoproteomic services for improved
drug toxicology, efficacy and theranostic assays. Ciphergen
develops, manufactures and markets a family of ProteinChip(R)
Systems and services for clinical, research and process proteomics
applications. ProteinChip Systems enable protein discovery,
validation, identification and assay development to provide
researchers with predictive, multi-marker assay capabilities and a
better understanding of biological function at the protein level.
Additional information about Ciphergen can be found at
http://www.ciphergen.com/. About UCL (University College London)
Founded in 1826, UCL was the first English university established
after Oxford and Cambridge, the first to admit students regardless
of race, class, religion or gender, and the first to provide
systematic teaching of law, architecture and medicine. In the
government's most recent Research Assessment Exercise, 59 UCL
departments achieved top ratings of 5* and 5, indicating research
quality of international excellence. About UCL BioMedica Plc. UCL
BioMedica Plc (a wholly owned subsidiary of University College
London) aims to generate income and create capital value for UCL
through the commercial exploitation of the bioscience research base
at UCL and its associated Institutes. Additional information about
UCL BioMedica Plc can be found at http://www.uclbiomedica.com/ Safe
Harbor Statement Note Regarding Forward-Looking Statements: For
purposes of the Private Securities Litigation Reform Act of 1995
(the "Act"), Ciphergen disclaims any intent or obligation to update
these forward-looking statements, and claims the protection of the
Safe Harbor for forward-looking statements contained in the Act.
Examples of such forward-looking statements include statements
regarding the validation of biomarkers described in Cancer Research
in August 2004 and discovery of additional biomarkers that
distinguish ovarian cancer from other gynecological masses, the
development of new diagnostic approaches to ovarian and breast
cancer, and future publications describing the utility of ovarian
cancer biomarkers. Actual results may differ materially from those
projected in such forward-looking statements due to various
factors, including the possibility that the biomarker assay
described in Cancer Research or any other biomarker panel
discovered by Ciphergen may fail to validate in larger studies as
providing an accurate diagnostic for ovarian and/or breast cancer,
the ProteinChip technology's ability to validate and/or develop
protein biomarkers as novel drug targets, diagnostic or toxicology
assays, and the Company's ability to successfully commercialize
such tests. Investors should consult Ciphergen's filings with the
Securities and Exchange Commission, including its Form 10-Q dated
August 9, 2005, for further information regarding these and other
risks of the Company's business. NOTE: Ciphergen, ProteinChip, and
Biomarker Discovery Center are registered trademarks of Ciphergen
Biosystems, Inc. DATASOURCE: Ciphergen Biosystems, Inc. CONTACT:
Sue Carruthers, Investor Relations of Ciphergen Biosystems, Inc.,
+1-510-505-2297 Web site: http://www.uclbiomedica.com/ Web site:
http://www.ciphergen.com/
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