KBPH Kyto Technology and Life Science Inc (CE)

Kyto Biopharma Inc. (OTCBB: KBPH), is a Florida biotechnology company focused on developing monoclonal antibody and oligonucleotide targeting therapeutics based on a proprietary vitamin B12 platform for the treatment of various forms of cancer.

Vitamin B12 regulates one of two major cellular pathways for the production of folates, the progenitor for the synthesis of DNA. Cancer cells require increased levels of vitamin B12 for proliferation than do normal cells and in turn over-express the receptor for the uptake of vitamin B12. Using its technology, Kyto is targeting the over-expression of the vitamin B12 receptor in the treatment of various forms of cancer. The primary approach developed by Kyto is directed at selective targeting of the vitamin B12 receptor in cancer cells by monoclonal antibodies. This approach intends to minimize many of the potential complications arising from current chemotherapy treatments such as acute systemic toxicity. The Kyto technology is intended to exploit the over-expression of vitamin B12 receptors in cancer cells by coupling toxins to Vitamin B12 receptor targeting monoclonal antibodies.

Further to announcing on March 4, 2010, the signing of its Licensing Agreement with the Research Foundation of New York, (Read News Release Here) Kyto Biopharma (“Kyto”) has entered into an agreement with a newly founded US based biotechnology company, Targeted Payload Therapeutics Inc. (“TPT”). Two of the founders of Kyto, Mr. Georges Benarroch and Dr. Uri Sagman, are also the founders of TPT. TPT was created to commercialize licensed technology which was developed at leading medical centers of excellence in the USA.

The TPT portfolio consists of monoclonal antibodies and oligonucleotide targeting therapeutics for the treatment of various cancers and ophthalmic diseases. TPT employs a unique and proprietary platform technology focused on highly cytotoxic protein payloads which can be either chemically conjugated or genetically fused to virtually any cell-targeting molecule such as monoclonal antibodies, growth factors or immune cytokines. Phase I protocols are already approved and human trials are set to begin by early 2011 for two lead product candidates.

TPT has secured the assistance of specialized firms in Europe and the USA to prepare its Business Plan and strategy and to coordinate a capital fund raising of US$15 million through a Private Placement Offering. “Having Bionest Partners, Bionest Finance from Paris (France) (Website) and Healthcare Capital Advisors from Clearwater (Florida) (Website) sponsoring our deal provides us with confidence that the financing of TPT will be completed.” said Georges Benarroch, CEO of Kyto. Kyto has provided seed financing to TPT through a loan. The funds advanced will be reimbursed to Kyto upon completion of the Private Placement Offering. Kyto has also entered into a secondary agreement with TPT in which Kyto will obtain a percentage ownership of TPT as well as a commitment from TPT to spend a maximum of US $2 million for the research and development of Kyto’s lead product following closing of the Private Placement transaction.

Bionest provides companies in the biotechnology sector with resources and advice on building business plans, developing relationships with strategic partners, and by acting as lead agent in capital fund raisings. Healthcare Capital Advisors assists companies with raising capital and creating strategic relationships in the healthcare sector. Both firms have a strong track record of successful business consultation, and successful fundraising efforts for biopharmaceutical firms from the start-up phase to mature multinational corporations.

“Our goal is not to advance our products into late stage clinical trials but rather we intend to partner with pharmaceutical companies in the development of our products in early phase clinical trials” said Dr Uri Sagman”, who will be the President and CEO of TPT.

About Kyto Biopharma Inc.

Kyto Biopharma Inc. is a Florida based biotechnology company operating from Toronto, Canada, developing monoclonal antibody therapies for the treatment of various forms of cancer. The Kyto research and development program is conducted under the scientific leadership of Dr. Edward Quadros of the State University of New York (SUNY Brooklyn), and Dr. Michael Rosenblum of the MD Anderson Cancer Centre (Houston). Kyto owns a very strong portfolio of intellectual property which includes the newly discovered TCblR gene. The Company intends to develop its Vitamin B12 receptor based technology and find a suitable partner to assist with the development and commercialization of a marketable cancer therapeutic. Vitamin B12 regulates one of two major cellular pathways for the production of Folates, the cell’s primary source of carbon and the progenitor for the synthesis of DNA. The newly isolated vitamin B12 receptor is over expressed in a host of various forms of cancer cells and serves as a viable target for development of therapeutic monoclonal antibodies.

Safe Harbor

This release contains forward looking statements that reflect, among other things, management’s current expectations, plans and strategies, all of which are subject to known and unknown risks, uncertainties and factors that may cause our actual results to differ materially from those expressed or implied by these forward-looking statements. Many of these risks are beyond our ability to control or predict. Please see “Risk Factors” in the Company’s public filings with the Securities and Exchange Commission for a discussion of such risks, including the Company’s need for additional funds, the Company’s dependence on a limited number of therapeutic compounds , the stage of the products the Company is developing, uncertainties relating to clinical trials and regulatory reviews, competition and dependence on collaborative partners, the company’s ability to avoid infringement of the patent rights of others, and the company’s ability to obtain adequate patent protection and to enforce these rights. Because of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are released. Kyto Biopharma does not undertake any obligation to update or review any such forward-looking information, whether as a result of new information, future events or otherwise.

Kyto Technology and Life... (CE) (USOTC:KBPH)
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Kyto Technology and Life... (CE) (USOTC:KBPH)
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