Pulmo BioTech Inc. Announces Paper to be Presented at Symposium
04 5월 2009 - 10:00PM
PR Newswire (US)
NEW YORK, May 4 /PRNewswire-FirstCall/ -- Pulmo BioTech Inc. (OTC
Bulletin Board: PLMO; Frankfort Borse: PLO) has announced that Dr.
Jocelyn Dupuis, the Chief Scientific Officer of its Pulmo Science
Inc. subsidiary and the originator of the PulmoBind concept is to
present a paper at the 5th International Symposium on Peptide
Receptors and Kinin 2009 to be held in Quebec, Canada from June
26th to 29th. The paper, which is titled "Development of
Radiolabeled Adrenomedullin Analogs Designed for Molecular Imaging
of the Pulmonary Circulation", will be part of the session "From a
Peptide to a Drug: Rational Drug Design". This multidisciplinary
and highly prestigious symposium aims to bring together outstanding
scientists from around the world to discuss the most recent
developments and future trends in basic and clinical research on a
variety of peptides, neuropeptides and G-protein-coupled receptors
(GPCR). "We are very pleased that Dr. Dupuis has been chosen to
present a paper on our Molecular Imaging technology at the Peptide
Receptors International Symposium. As a company, Pulmo BioTech Inc.
believes strongly in the peer review process and academic
publishing, and we are delighted to have been given the opportunity
to bring to an open forum some of the technical details of our
development work." - Garry McCann, CEO Pulmo BioTech Inc. About
Pulmo BioTech Inc. Pulmo BioTech Inc. specializes in the
development and marketing of medical technology and research. Our
proven strengths combine extensive commercial experience and
academic credentials. The principal staff members are acknowledged
experts in their specialized fields, and work with a broad range of
investment institutions. Our mission is to utilize scientific
imagination and drive, together with managerial and financial
acumen, to bring innovative and profitable products to the
marketplace to the benefit of all stock holders. About PulmoScience
Inc. PulmoScience Inc. was established in 2006, and is currently
developing a non-invasive Molecular Imaging technique for the
diagnosis of Pulmonary Embolism, Pulmonary Hypertension and Lung
Inflammatory diseases under the trade name PulmoBind. PulmoScience
was conceived within the Montreal Heart Institute "MHI" (a world
renowned hospital and educational facility). Jointly owned by MHI
subsidiary Innovacor as the technical and operational partner, Dr.
Jocelyn Dupuis (the scientific director and originator of the
PulmoBind Molecular Imaging technology), and by Pulmo BioTech Inc.
as the funding partner, PulmoScience Inc. aims to develop this
unique and exciting technology, to fund necessary trials, and to
bring the products to market. PulmoScience believes that the market
for its product candidates is worth in excess of $500 million per
annum and that, provided Regulatory Approval is achieved, the
safety and efficacy of its products could allow it to dominate that
market. About PulmoBind PulmoBind uses an intravenously delivered
radionuclide tagged molecule which specifically bonds to the inner
walls of the circulatory system in the lungs, and by the use of an
external Gamma Camera allows an image of the integrity of the blood
vessels throughout the lungs to be seen by a diagnostic clinician.
PulmoScience is currently undertaking Regulatory Approval for Phase
I Human Trials, and while subsequent results from additional tests
might not corroborate the current results, PulmoScience believes
that PulmoBind has the potential to dominate the market for the
diagnosis of Pulmonary Embolism. In particular, this belief is
driven by PulmoScience's expectations of the improved safety and
efficacy that PulmoBind will offer when compared to the current
incumbent nuclear medicine based technology for the diagnosis of
Pulmonary Embolism. In addition, early indications are that
PulmoBind could be highly effective in the early stage diagnosis of
Pulmonary Hypertension, a condition for which there is no current
front line diagnostic test. The addressable market for the product
candidates being developed by PulmoScience is believed by the
company to be worth in excess of $500 million per annum. Further
Information For further information regarding Pulmo BioTech Inc. or
PulmoScience, please visit http://www.pulmobiotech.com/.
Forward-Looking Statements Forward-looking statements contained in
this and other written and oral reports are made based on known
events and circumstances at the time of release, and as such, are
subject in the future to unforeseen uncertainties and risks. All
statements regarding future performance, earnings projections,
regulatory approval, events or developments are forward-looking
statements. It is possible that the future performance of the
company may differ materially from current expectations, depending
on economic conditions and the uncertainty of regulatory approval.
A change in economic conditions may have a particularly volatile
effect on results. Among the other factors which may affect future
performance are: competitive market conditions and resulting
effects on sales and pricing; increases in raw-material costs that
cannot be recovered in product pricing; and global economic
factors, including difficulties entering new markets and general
economic conditions such as inflation, interest rates and credit
availability. The company makes these statements as of the date of
this disclosure, and undertakes no obligation to update them. ISIN:
US7458451074 CUSIP: 745845107 DATASOURCE: Pulmo BioTech Inc.
CONTACT: Peter Hirshfield, +1-646-827-9362, Web Site:
http://www.pulmobiotech.com/
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