Patent Issued For Compounds With Potential To Treat BVDV And HCV

Friday, March 21st, 2008 @ 6:07 pm | Uncategorized

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Norman A. Abood, Ph. D., Immtech’s Vice President, Discovery
Programs, stated, “Our finding program inwardly HCV be offering
potent grades. The escalating analytical investment portfolio
related to our library of HCV discovery compound, in cooperation
beside this preliminary issued patent, is the close product of
Immtech’s prime example value in research for the sizeable HCV
flea market.” Immtech expect extra patent to be issued in the
proposed overnight case mixed other compounds, procession of
stepladder, and methods of run through for treating BVDV and HCV.
This patent is the first to dynamic in a loved ones of alike
entitled patent application at this juncture impending in both
the USPTO and other patent office in the region of the world. The
issued patent given name inventors from Auburn University,
Georgia State University, and the University of North Carolina at
Chapel Hill (UNC). Under its agreement with these university,
Immtech has an grateful, entire license to all patents that issue
here family. Scott T. Forrest, Assistant Director of UNC’s Office
of Technology Development, stated “This is the most recent trial
product of the endless overconfident prosecution of the
intellectual property portfolio licensed to Immtech, and
represent an crucial commercial milestone in Immtech’s teamwork
with the Scientific Consortium.” Eric L. Sorkin, Immtech’s
Chairman and Chief Executive Officer, stated, “The issuance of
this patent not only demonstrate Immtech’s commitment to finding
a treatment for hepatitis C, it also reflect the glory of
Immtech’s collaborator, who sweat across multiple universities
and with Immtech to enable exciting current discovery programs.
We sense that we well finance, at reduced outlay, the cooperative
work of various principal scientists. This model aims to deliver
concrete benefits for various group of stakeholders; including
patients, doctors, the scientists with whom we collaborate and
Immtech’s collector.” About Immtech Pharmaceuticals, Inc.

Immtech Pharmaceuticals, Inc. is granted on surfacing and
commercializing drugs to immoderation transmittable virus, and
the Company is expanding its targeted market by apply its
proprietary pharmaceutical support to treat other disorder.
Immtech has advanced clinical programs that raise in new oral
treatment for Pneumocystis pneumonia (PCP), malaria, and
trypanosomiasis (African slumbering sickness), and a with ease
defined, expanding library of compounds target fungal infection, Hepatitis
C and other scholarly diseases. Immtech hold exclusive worldwide
license to faultless patents, patent applications and technology
for products derived from a proprietary pharmaceutical platform.
For additional turf, enchant run to “Safe Harbor” Statement
underneath the Private Securities Reform Act of 1995: Statements
in this nip deliverance about Immtech Pharmaceuticals, Inc.’s
staunch which be not historical facts are “forward-looking
statements” that catch risk and uncertainties. These
forward-looking dispatch note include statements with great
compliment to the fruitfulness of the of late presently patented
compound in treating BVDV and HCV infection and additional patents
woman issued in the future, actual results could depart
materially from these forward-looking statements. Factors that
could result in or take part to such difference include, but are
not given to, those argue under the heading “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” and “Risk Factors” in Immtech’s annual tittle-tattle
on Form 10-K for the year done March 31, 2006 and in its other
SEC filings and include: (i) Immtech’s cleverness to hone
commercially viable products; (ii) Immtech’s ability to get done
profitability; (iii) Immtech’s ability to retain push button
personnel; (iv) the ability of Immtech’s scientists and
collaborators to come across new compounds; (v) the availability
of additional research grant; (vi) Immtech’s ability to protected
regulatory good evaluation of its linctus interviewee; (vii) the
success of Immtech’s clinical trial; (viii) Immtech’s ability to
making or to ecstasy in a third event manufacture its drug
candidate at a not fruitless cost; (ix) Immtech’s ability to put
aside its intellectual property; (x) match and alternative
technology; (xi) Immtech’s ability to obtain punishment from
third party payers for any feature it commercializes; and (xii)
approaching display to crucial product liability.

Immtech Pharmaceuticals, Inc.

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