Lifeline Biotechnologies Awarded OvaScopeâ„¢ Patent
17 March 2009 - 11:30PM
Business Wire
Lifeline Biotechnologies, Inc. (Pink Sheets: LLBO) today
announced that it has been awarded U.S. Patent 7,384,401 B2 on its
OvaScope� technology. The OvaScope� has been designed and developed
to assist in the early detection of ovarian cancer. Historically,
ovarian cancer has not been detected until its advanced stages,
which has led to poor survival rates.
To date, the preliminary testing has proved to be very
promising. Lifeline will begin taking the next steps toward
bringing the OvaScope to market upon completion of its current
review of the testing data results and the market for the
product.
Jim Holmes, CEO of Lifeline Biotechnologies, stated, �It is
estimated that 1 in 70 women in the United States will develop
ovarian cancer during their lifetime. Unfortunately, detection
usually occurs in the late stages, leading to poor survival rates.
With a U.S. patent and very encouraging results from our
preliminary testing, we feel the OvaScope has the ability to
address this issue and make tremendous strides towards early
detection of ovarian cancer. If we can detect this cancer in its
early stages, it will dramatically increase the potential survival
rate for women.�
Lifeline Biotechnologies has in the past year filed for a patent
on the recent technological advancements of the First Warning
System�, which has achieved the robust capability of identifying
and classifying abnormalities of the breast with sensitivities of
95% to 100% and specificities of 87% to 90%. Currently, it is a
well known fact that mammograms are missing an estimated 30% to 40%
of the breast cancers.
Safe Harbor: This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 27E of the Securities Act of 1934. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing,
successful development of the Company�s product and regulatory and
shareholder approval for anticipated actions.
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