Clinical Grade DispersinB(TM) has Been Successfully Manufactured
WINNIPEG, MANITOBA -- (MARKET WIRE) -- 09/09/08 -- Kane Biotech Inc. (TSX VENTURE: KNE), a biotechnology company engaged in the development of products that prevent and remove microbial biofilms, is pleased to announce that BioVectra has successfully completed the manufacturing of clinical grade DispersinB(TM) in their cGMP facility from the Master Cell Bank created earlier this year (July 7th Kane Biotech press release).
"In addition to the certificate of analysis provided by the Quality Control Department of BioVectra, we have performed the necessary additional tests to confirm the identity, purity and biological activity of DispersinB(TM)", stated Dr. Sri Madhyastha, Chief Scientific Officer for Kane Biotech. "Our tests, as well as the tests conducted by Dr. Jeffery Kaplan and his colleagues at the University of Medicine and Dentistry of New Jersey, confirm that the clinical grade material meets the required specifications."
"We are very pleased with the progress that is being made with our DispersinB(TM) technology. The successful manufacturing of clinical grade material by BioVectra is a valuable step in this process", stated Gord Froehlich, President and CEO for Kane Biotech. "With this step completed we will now move forward and prepare for finalizing the DispersinB(TM)-based topical wound gel formulation that can be used in clinical trials."
DispersinB(TM) is a novel antibiofilm enzyme capable of both preventing and removing bacterial biofilms. Kane Biotech has received a patent from the U.S. Patent and Trademark Office for DispersinB(TM) and has been awarded a $405,000 contribution from the National Research Council-Industrial Research Assistance Program (NRC-IRAP) to further develop this technology. Kane Biotech is presently using DispersinB(TM) alone, and in combination with other antimicrobial agents to develop a wound care therapy.
About Kane Biotech Inc.
Kane Biotech is a biotechnology company engaged in the development of products to prevent and remove biofilms. Biofilms are a major cause of a number of serious medical problems including chronic infections and medical device related infections. They develop on surfaces such as catheters, prosthetic implants, teeth, lungs and the urogenital tract. Biofilms are pervasive, costly to deal with and are involved in approximately 80% of all human bacterial infections. The healing of chronic wounds alone costs the United States health care system $20 Billion per year.
Kane Biotech is currently developing two lead technology platforms:
- DispersinB(TM), a novel antibiofilm enzyme that inhibits as well as disperses microbial biofilms, with applications in wound care, medical devices, oral care and animal healthcare. Kane is currently developing a DispersinB(TM) based antibiofilm/antimicrobial wound gel for healing chronic wounds.
- PS/CHX, a broad-spectrum antimicrobial/antibiofilm composition comprising FDA-approved protamine sulfate and chlorhexidine, with applications in anti-infective medical device coatings, animal care and dairy and food processing industries.
Caution Regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information within the meaning of applicable Canadian provincial securities legislation (collectively, "forward-looking statements"). These forward-looking statements relate to, among other things, our objectives, goals, targets, strategies, intentions, plans, beliefs, estimates and outlook, including, without limitation, our anticipated future operating results, and can, in some cases, be identified by the use of words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements.
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These risks and uncertainties should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Kane cannot provide assurance that actual results will be consistent with these forward-looking statements. Kane undertakes no obligation to update or revise any forward-looking statement.
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Contacts: Kane Biotech Inc. Justin Gagnon Manager, Investor Relations (204) 478-5602 (204) 453-1314 (FAX) Email: email@example.com Website: www.kanebiotech.com
Released September 9, 2008