IMI announces pivotal breast cancer test study
05 May 2005 - 12:01AM
PR Newswire (US)
IMI announces pivotal breast cancer test study Non-invasive,
painless test designed to screen for early-stage disease TORONTO,
May 4 /PRNewswire-FirstCall/ -- Predictive medicine company IMI
International Medical Innovations Inc. (TSX: IMI; Amex: IME) is
launching a pivotal clinical study for its non-invasive breast
cancer detection test, in collaboration with the University of
Louisville, in Louisville, Kentucky, the company announced today.
IMI's test identifies a cancer-associated sugar in a sample of
nipple- aspirate fluid, which is painlessly derived from the
mammary ducts and expressed through the nipple. Breast cancer is
the most common cancer among women, other than skin cancer. About
211,240 women in the U.S. can expect to be diagnosed with invasive
breast cancer in 2005, and about 40,410 women will die from the
disease.(1) It is the leading cause of cancer death for U.S. women
between the ages of 20 and 59, and the leading cause of cancer
death for women worldwide.(2) When breast cancer is detected early
at a localized stage, the five-year survival rate is 98%.(3) "In
initial studies, IMI's breast cancer test demonstrated a
statistically significant difference between early-stage breast
cancer and non-cancerous samples," said Dr. Anees Chagpar,
Assistant Professor, University of Louisville Department of
Surgery, Division of Surgical Oncology, the principal investigator
of the study. "With this trial, we are aiming to confirm and extend
those findings." "Most breast cancers originate in the breast
ducts, so nipple aspirate fluid is a logical sample to target,"
said Dr. Brent Norton, President and Chief Executive Officer, IMI.
"This method, which does not require any radiation, may allow us to
detect cancer in the absence of a suspicious lump, catching the
cancer very early before it is given any opportunity to grow or
spread." He added, "Breast cancer is almost 100% curable when
detected early, but current screening techniques are either too
expensive to be viable as a front- line tool, or not sensitive
enough to detect disease at its earliest stage. IMI's non-invasive,
painless test could provide a cost effective method to reduce the
loss of life from this deadly disease."
--------------------------------------- (1) American Cancer Society
(2) National Breast Cancer Coalition (3) American Cancer Society
About the Study The 78-patient study will examine nipple aspirate
fluid (NAF) from three different female populations: women with no
history of breast cancer; women who have a core biopsy-confirmed
unilateral ductal carcinoma in situ; and women who have a core
biopsy-confirmed unilateral invasive breast cancer. The study will
take place at the University of Louisville Hospital, Norton
Healthcare facilities and the University of Louisville's James
Graham Brown Cancer Center, which treats a wide range of cancers
and is nationally recognized for its clinical care, research,
prevention, education, and community outreach efforts. About IMI's
Breast Cancer Test IMI's breast cancer test identifies a
cancer-associated sugar in a sample of nipple-aspirate fluid. This
test is based on a modified version of the company's
ColorectAlert(TM) and LungAlert(TM) technology, which identify a
cancer-associated sugar in samples of rectal mucus and sputum
respectively. Initial data on IMI's test, published last year in
the journal Cancer, showed that it demonstrated a statistically
significant result between early- stage breast cancer and
non-cancerous samples. The study, conducted at The University of
Texas M. D. Anderson Cancer Center in Houston, evaluated the test
on 46 samples of nipple aspirate fluid from cancerous and healthy
breasts. About IMI IMI (http://www.imimedical.com/) is a world
leader in predictive medicine, dedicated to developing rapid,
non-invasive tests for the early detection of life-threatening
diseases. IMI's cardiovascular products, branded as PREVU(x) Skin
Sterol Test, are marketed and distributed worldwide by McNeil
Consumer Healthcare. The company's cancer tests include
ColorectAlert(TM), LungAlert(TM) and a breast cancer test. IMI's
head office is located in Toronto, and its research and product
development facility is at McMaster University in Hamilton,
Ontario. This press release contains forward-looking statements.
These statements involve known and unknown risks and uncertainties,
which could cause the Company's actual results to differ materially
from those in the forward- looking statements. Such risks and
uncertainties include, among others, the lack of operating profit
and availability of funds and resources to pursue R&D projects,
the successful and timely completion of clinical studies, the
successful development or marketing of the Company's products,
reliance on third-party manufacturers, the competitiveness of the
Company's products if successfully commercialized, the ability of
the Company to take advantage of business opportunities,
uncertainties related to the regulatory process, and general
changes in economic conditions. In addition, while the Company
routinely obtains patents for its products and technology, the
protection offered by the Company's patents and patent applications
may be challenged, invalidated or circumvented by our competitors
and there can be no guarantee of our ability to obtain or maintain
patent protection for our products or product candidates. Investors
should consult the Company's quarterly and annual filings with the
Canadian and U.S. securities commissions for additional information
on risks and uncertainties relating to the forward-looking
statements. Investors are cautioned not to rely on these
forward-looking statements. IMI is providing this information as of
the date of this press release and does not undertake any
obligation to update any forward-looking statements contained in
this press release as a result of new information, future events or
otherwise. DATASOURCE: IMI International Medical Innovations Inc.
CONTACT: Company Contact: Sarah Borg-Olivier, Director,
Communications, T: (416) 222-3449, ; U.S. Investor Contact: Janet
Vasquez, Lynn Granito, The Investor Relations Group, T: (212)
825-3210, ,
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