GeneThera Announces Plans to Add Therapeutic Testing Component to Johne's Disease Diagnostic Program
25 August 2009 - 10:44PM
Marketwired
GeneThera, Inc. (PINKSHEETS: GTHR), an international biotechnology
company, today announced a major expansion of its previously
reported efforts to commercialize a diagnostic platform for Johne's
disease, an infectious, fatal and as yet incurable bacterial
disease that affects the intestinal tract in livestock. The Company
said it is preparing to enter into a formal license agreement with
two Italian universities, Universita di Roma "Tor Vergata" (UNIROMA
2) and Universita Cattolica del Sacro Cuore (UCSC), which have
jointly developed a potential therapeutic solution for the disease.
As previously announced, GeneThera also is working in collaboration
with the Universidad Nacional Autonoma de Mexico (UNAM) on a
diagnostic test for the disease.
Dr. Tony Milici, founder and CEO of GeneThera, said, "Newly
developed liposomes have been tested by two leading Italian
universities and have revealed potentially promising therapeutic
benefits in the treatment of Johne's disease. Our objective is to
study the immunotherapeutic value of these liposomes in cattle that
test positive for the disease through our upcoming diagnostic
testing program."
Dr. Milici added, "The successful development of both a
diagnostic and therapeutic solution to Johne's would be of major
benefit to the global dairy and livestock industries, both of which
have experienced extensive financial losses due to this disease.
Our ability to commercialize these platforms would be a milestone
achievement for GeneThera, our industry and academic partners, as
well as our shareholders."
GeneThera has been preparing to lead a major testing effort of a
new Johne's disease diagnostic platform in Monterrey, Mexico. The
Company has reached an agreement with Roche Diagnostics, which will
provide specialized robotic equipment and real-time thermo cyclers
that will serve as the molecular diagnostic platform for the
testing. GeneThera also has entered into an agreement with UNAM,
which will support GeneThera's diagnostic testing programs in part
by providing access to livestock.
"The expansion of our diagnostic testing to include a potential
therapeutic solution has obviously slowed our previously announced
developmental timelines," Dr. Milici said. "However, we believe the
potential benefits of introducing a comprehensive solution for both
the identification and treatment of Johne's disease will more than
justify these delays." Dr. Milici said the Company hopes to
announce a final licensing agreement with the two Italian
universities in the next six to eight weeks.
About GeneThera, Inc.
GeneThera, Inc. is a biotechnology company focused on the
development of molecular assays. The Company is currently in the
process of developing therapeutic vaccines for the detection and
prevention of food contaminating pathogens, veterinary diseases,
and diseases affecting human health. More information about the
Company can be found at: http://www.genethera.net.
About Pfeiffer High Investor Relations, Inc.
Pfeiffer High is a full-service investor relations firm based in
Denver. Since 1982 it has been helping public companies maximize
shareholder value by implementing comprehensive investor relations
programs that raise awareness among buy- and sell-side analysts,
institutional portfolio managers, brokers, individual investors and
the financial media.
Safe Harbor Statement
Certain statements and information included in this press
release constitute "forward-looking statements" within the meaning
of the Federal Private Securities Litigation Reform Act of 1995,
including statements regarding our entrance into a formal license
agreement with two Italian universities; the potentially promising
therapeutic benefits of certain liposomes in the treatment of
Johne's disease; the likelihood that our diagnostic testing program
will be successful; the benefits, if any, of our testing programs
to the global dairy and livestock industries; and the likelihood
that the Company will announce a final licensing agreement with the
two Italian universities in the next six to eight weeks.
Forward-looking statements involve known and unknown risks and
uncertainties, which may cause the Company's actual results in
future periods to differ materially from forecasted results.
Factors that could cause or contribute to such differences include,
but are not limited to, our ability to raise capital, our ability
to execute our business strategy in a very competitive environment,
our degree of financial leverage, risks relating to rapidly
developing technology, regulatory considerations, risks related to
international economies, risks related to market acceptance and
demand for our products and services, the impact of competitive
services and pricing, and other risks referenced from time to time
in our SEC filings. All subsequent written and oral forward-looking
statements attributable to us, or anyone acting on our behalf, are
expressly qualified in their entirety by these cautionary
statements. We do not undertake any obligations to publicly release
any revisions to any forward-looking statements to reflect events
or circumstances after the date of this press release or to reflect
unanticipated events that may occur.
CONTACTS: Dr. Tony Milici CEO GeneThera, Inc. 303-463-6371 Geoff
High Principal Pfeiffer High Investor Relations, Inc.
303-393-7044
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