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MABCURE N.V. Signs Research Agreement With AZ Sint Lucas Hospital, Brugge, Belgium, to Conduct Preclinical Research on its Monoclonal Antibodies (Mabs) against Different Cancers

Posted : Wed, 04 Nov 2009 17:16:09 GMT
Author : MabCure
Category : Press Release
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HASSELT, Belgium - (Business Wire) MabCure N.V., a subsidiary of MabCure Inc. (OTC BB: MBCI), a biotech company that has developed a series of highly specific monoclonal antibodies (Mabs) to combat various types of cancers, has signed a research agreement with AZ Sint Lucas Hospital, Brugge, Belgium. AZ Sint Lucas Hospital will conduct preclinical research intended to broaden the utility of MabCure’s monoclonal antibodies for those circumstances where there is a need to diagnose cancer in tissue specimen. At present, the Company’s Mabs for the diagnosis of ovarian cancer, prostate cancer and colorectal cancer, for example, are aimed at diagnosing early stage disease in physiological samples such as urine and serum.

Dr. Amnon Gonenne, CEO of MabCure Inc commented, “If this preclinical research works, it would open a door for us to diagnose everything that goes through surgery. This would include, for example, all of the at-risk melanoma patient population that routinely has moles removed prophylactically. The resection is arbitrary and there is currently no method to determine if the removed moles harbor early stage melanoma or not. This is critically important since melanoma is a highly lethal disease. MabCure’s Mabs may provide a definitive diagnosis of early stage melanoma in these tissue specimens thereby allowing effective treatment of the patient. An analogous situation exists in colonoscopy where it is difficult to provide definitive diagnosis of early colon cancer in the resected polyps. This approach could be extended to other organs.”

Dr. Gonnene continued, “Currently, we address multibillion-dollar opportunities with the specimens we know our Mabs are effective against. This new opportunity would allow us to cast an even wider net and we are very excited about the possibility of helping these patients.”

Studies have already begun at AZ Sint Lucas Hospital, and all scientific results will remain a property of MabCure.

About AZ Sint Lucas Hospital

The Saint Lucas General Hospital in Bruges is an independent hospital with emphasis on advanced patient care, active clinical research and participation in multi-center clinical trials.

About MabCure Inc.

MabCure is a biotechnology company whose vision is to change the perception of cancer as being a largely incurable disease. MabCure owns proprietary technology for the creation of unique and highly specific monoclonal antibodies (MAbs), which will be developed as diagnostic tools, imaging agents, and drugs to treat lethal cancers. MabCure initial goal is to develop its novel MAbs as diagnostic tools for the detection of Ovarian and Prostate cancers at an early stage, when these diseases are still localized and highly curable. For further information visit the Company’s website www.mabcure.com.

Safe Harbor Statement

This news release contains “forward-looking statements”. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the change of business focus of the management of the Company or the University and the inability of the Company or the University to pursue its current objectives. These forward-looking statements are made as of the date of this news release and the Company or the University assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.

MabCure Inc.
Dr. Amnon Gonenne, President and CEO
amnon.gonenne@mabcure.com
or
The Investor Relations Group
Public Relations
Laura Colontrelle, 212-825-3210
lcolontrelle@investorrelationsgroup.com
or
Investor Relations
James Carbonara
jcarbonara@investorrelationsgroup.com


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