Avalon GloboCare Receives Allowance for Joint U.S. Patent
29 September 2022 - 11:00PM
Avalon GloboCare Corp. (NASDAQ: AVCO), a leading
global developer of innovative cell-based technologies and
therapeutics, today provided an update regarding the Company’s
intellectual property portfolio featuring its QTY protein code
technology.
The Company received a Notice of Allowance from
the United States Patent and Trademark Office (USPTO) related to
its QTY fusion water-soluble receptor protein platform. The patent
was jointly filed with Dr. Shuguang Zhang of the Massachusetts
Institute of Technology (MIT) and covers seven claims related to
the technology.
The Company also submitted a new patent
application to the USPTO related to its QTY glucose transporter
technology. This patent application was also jointly filed with Dr.
Shuguang Zhang of MIT. QTY glucose transporters are deregulated in
many tumor types and are potentially important targets for cancer
therapy.
The “QTY Code,” is a breakthrough technology
that can turn difficult to work with water-insoluble transmembrane
receptor proteins into water-soluble proteins, enabling their
potential use in many clinical applications, including drug
development.
Avalon’s proprietary AVA-Trap™ technology
utilizes the artificial intelligence (AI) enhanced QTY Code
technology to turn receptor molecules into antibody-like decoy
receptors that are able to mop up cytokines and chemokines, which
are excessively produced during pathological conditions, such as
COVID-19 and cancer metastasis.
“We continue to strengthen our IP portfolio as
we believe our novel QTY code protein design technology holds great
potential for biotechnology applications and could generate
significant clinical advancements in cellular immunotherapy and
immune-oncology,” said David Jin, M.D., Ph.D., President and Chief
Executive Officer of Avalon. “Our AI-enhanced protein design QTY
Code technology co-developed with MIT’s Dr. Zhang is a novel
platform that produces water-soluble proteins for a wide spectrum
of biomedical applications including the design and construction of
novel targets for application in cellular immunotherapy.”
“We are also pleased to submit a new patent
application to the USPTO related to QTY glucose transporters, which
are important cancer therapy targets. We believe using the QTY
technology will accelerate our understanding of these proteins and
the development of antibodies against them to treat cancer,” said
Dr. Jin.
About Avalon GloboCare Corp.
Avalon GloboCare Corp. (NASDAQ: AVCO) is a
clinical-stage, vertically integrated, leading CellTech
bio-developer dedicated to advancing and empowering innovative,
transformative immune effector cell therapy, exosome technology, as
well as cell therapy related companion diagnostics. Avalon also
provides strategic advisory and outsourcing services to facilitate
and enhance its clients' growth and development, as well as
competitiveness in healthcare and CellTech industry markets.
Through its subsidiary structure with unique integration of
verticals from innovative R&D to automated bioproduction and
accelerated clinical development, Avalon is establishing a leading
role in the fields of cellular immunotherapy (including CAR-T/NK),
exosome technology (ACTEX™), and regenerative therapeutics. For
more information about Avalon GloboCare, please visit
www.avalon-globocare.com.
For the latest updates on Avalon GloboCare's
developments, please follow our twitter at @avalongc_avco
Forward-Looking Statements
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release may constitute "forward-looking statements."
Forward-looking statements provide current expectations of future
events based on certain assumptions and include any statement that
does not directly relate to any historical or current fact. Actual
results may differ materially from those indicated by such
forward-looking statements as a result of various important factors
as disclosed in our filings with the Securities and Exchange
Commission located at their website (http://www.sec.gov). In
addition to these factors, actual future performance, outcomes, and
results may differ materially because of more general factors
including (without limitation) general industry and market
conditions and growth rates, economic conditions, and governmental
and public policy changes. The forward-looking statements included
in this press release represent the Company's views as of the date
of this press release and these views could change. However, while
the Company may elect to update these forward-looking statements at
some point in the future, the Company specifically disclaims any
obligation to do so. These forward-looking statements should not be
relied upon as representing the Company's views as of any date
subsequent to the date of the press release.
Contact Information: Avalon GloboCare Corp.4400
Route 9, Suite 3100Freehold, NJ 07728PR@Avalon-GloboCare.com
Investor Relations:Crescendo Communications, LLCTel: (212)
671-1020 Ext. 304avco@crescendo-ir.com
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