Advanced Proteome Therapeutics Reports Progress on Collaboration with Noria Pharmaceuticals
October 15 2018 - 8:30AM
Advanced Proteome Therapeutics Corporation (“APC” or the
“Company”) (TSXV: APC) (FSE: 0E8), is pleased to announce
the successful completion of the first phase of the Collaboration
of APC with Noria Pharmaceuticals Inc. in the rapidly growing and
dynamic field of antibody radioisotope conjugates which is expected
to have a major impact in the fight against cancer.
APC has succeeded in creating a construct using its proprietary,
site-selective, linker technology with Noria’s proprietary MacroPa
radioisotope chelation technology in combination with a
well-established, commercially successful antibody. The excellent
bio-affinity/targeting capability of the parent antibody has been
preserved in the novel antibody-MacroPa conjugate in measurements
performed by an independent laboratory. This accomplishment sets
the stage for studies of targeted alpha-particle therapy, which is
intended to carry a uniquely powerful radiation source to specific
treatment points to destroy tumor cells.
In light of this development, APC and Noria have agreed to move
forward with the second phase of their announced collaboration
(July 17, 2018 (GLOBE NEWSWIRE)) which will involve radiolabeling
and testing utilizing cell lines and animal studies.
Dr. Allen Krantz, CSO and Founder of APC, commented, “We look
forward to demonstrating the superiority of our site-selective
approach to creating antibody-radioisotope-conjugates with Noria’s
novel chelation technology that have commercial potential and
advance cancer therapies. This program evokes synergies with our
independent efforts involving targeted beta therapy for cancers and
will allow us to leverage our technology in both initiatives.”
Bill Dickie, APC’s President and CEO, stated that “it is
exciting to witness the speed with which we have successfully
applied APC technology to the development of vehicles for the
targeted delivery of radiopharmaceuticals. These programs provide
an important dimension to our overall mission involving anti-cancer
therapeutics, which include recently announced (Oct. 09, 2018
(GLOBE NEWSWIRE)) positive results with antibody-amanitin
conjugates which will be more fully reported shortly.”
Dr. Allan Green, President and CEO of Noria, commented, “We are
indeed excited to continue our collaboration with APC and look
forward to working with them to create superior antibody-based
therapies.”
ABOUT THE COMPANIES:
Advanced Proteome Therapeutics Corporation is developing a
proprietary technology to directly target cancerous tumors and
avoid destroying normal cells. This type of agent is capable
of greater potency, higher specificity and lower toxicity than
other therapies that can also attack healthy cells. The
Company is working to streamline the process by which these agents
are prepared, which to date, has been extremely cumbersome,
limiting their potential.
Noria Therapeutics Inc. is developing diagnostic and therapeutic
radiopharmaceutical agents based on its proprietary Trillium™
structural chemistry and its proprietary MacroPA™ radioisotope
chelate technology which provide agents with controllable
pharmacokinetics with improved tumor targeting properties.
FOR FURTHER INFORMATION PLEASE CONTACT:
Advanced Proteome Therapeutics Corporation
Bill Dickie
President and CEO
Tel: 617 358-9777
http://www.advancedproteome.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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