TB Immunotherapy Collaboration Agreement With Stirling Products and Zodiac Capital
May 30 2011 - 10:14AM
- Agreement to fast-track introduction of new
Immunoxel/Dzherelo tablet as adjunct immunotherapy, especially for
MDR-TB
Immune Network Ltd. (Pink Sheets:IMMFF) advises that it has entered
into a conditional agreement with Australian-based Stirling
Products Limited (ASX:STI) and Zodiac Capital Limited (NSX:ZOD)
(the Australian partners) with regard to an improved formulation of
Immunoxel/Dzherelo recently developed and clinically tested by the
Company.
The new sublingual tablet formulation has already demonstrated
potential for improved effectiveness. Importantly, the decreased
cost of production, improved stability and ease of use of the new
Immunoxel/Dzherelo formulation is likely to improve the
accessibility and availability of the product for TB patients.
Under the terms of the Agreement, the Company and its Australian
partners will continue with their respective R&D work. Stirling
Products will continue with its plans for a Co-operative Research
Agreement with the US National Institutes of Health (NIH) while the
Company will produce batches of the new product and continue
clinical demonstration trials. The Agreement is conditional upon
the Company becoming current in its statutory filings, following
which the Company will issue 20 million shares to its Australian
partners for the non-exclusive marketing rights to ImmunoXel.
Further, the Company's Australian partners will subscribe to 5
million Immune shares at US$0.02 per share with such subscription
to be satisfied by the issue of shares in the Australian partner
public companies Stirling Products and Zodiac Capital at current
market prices.
Immunoxel/Dzherelo is a multi-herbal extract product that has
been shown in a dozen clinical trials, published in peer-reviewed
journals, to be surprisingly effective as an adjuvant immunotherapy
in treatment of TB patients, including patients with multi-drug
resistant (MDR-TB) and extensively drug resistant TB (XDR-TB), and
TB patients who are co-infected with HIV. The new sub-lingual
lozenge formulation is optimized for potency, stability, low cost,
and patient compliance. Positive clinical data for Dzherelo
lozenges has been presented at two conferences so far this year:
clinical evidence suggests approximately 90% of patients
supplementing standard TB treatment with such sublingual tablets
are cured (sputum clearance of TB) within one month.
The World Health Organisation (WHO) estimates that globally,
about one-third of the world's population is infected with the
Mycobacterium tuberculosis bacteria that cause TB, and each year
approximately 9 million people become ill with the disease and 2
million die from it. TB patients with HIV are 30 times more likely
to die and treatment options for them are limited. A 2009 WHO
annual report on TB indicated that one in four TB deaths is
HIV-related, twice as many as had been recognized previously. In
addition about half a million people had MDR-TB in 2007. But due to
lack of adequate treatment, which can be costly and complicated,
only about 1 percent of such individuals are treated. The
introduction of immunotherapy interventions such as
Immunoxel/Dzherelo has the potential to reverse the crisis
situation in current TB management, especially with respect to
MDR-TB and XDR-TB.
For additional information about Immunitor company, please visit
http://www.immunitor.com . The website for Immune Network is
http://www.immune-network.com.
The Immune Network Ltd logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8008
Safe Harbor Statement
The information in this release, other than historical
information, may be considered forward-looking statements within
the provisions of the Private Securities Litigation Reform Act of
1995. Projection and other forward-looking statements and
management expectations regarding future events and/or financial
performance of the Company -- although given in good faith -- are
inherently uncertain and actual events and/or results may differ
materially.
CONTACT: Immune Network Ltd.
IMMFF@yahoo.com
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