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Biotech / Medical : IGT ((VSE:IGT) Blockbuster Anti-Cancer Test Results !!!

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To: Flea who wrote (13)9/22/1997 9:12:00 PM
From: the Chief   of 94
 
Contract Awarded for Approval Process of New Cancer Drug

IGT PHARMA release 22 September 1997

IGT is pleased to announce the signing of a clinical development contract for its new drug Anhydrovinblastine AVLB. Effective immediately L.A.B. Biosyn Corp. will be assisting IGT in the regulatory strategy development and pre-clinical data management leading to the submission of an Investigational New Drug Application (IND) for the U.S. FDA and the Canadian HPB.

Upon acceptance of the IND by the regulatory authorities, human clinical trials using AVLB will commence at selected canacer hospitals in North America. The Planned indication of use will be in the treatment of one of the worlds most lethal canacers, non-small cell lung cancer, a condition most commonly associated with smoking.

L.A.B. Biosysn, a subsidiary of L.A.B. International is a contract research organization (CRO) based in Montreal which provides services in the fields of formulation, regulatory affairs, clinical research, and program management to the pharmaceutical industry in the Americas, Europe and Asia.

Eli Farah, President of L.A.B. Biosyn remarked: We are pleased to have formed this association with IGT Pharma. I believe that this agreement illustrates the favourable evolution of companies such as IGT to an international presence which, in today's pharmaceutical industry, is a pre-requisite for success. We look forward to a long standing relationship with IGT.

IGT PHarma is a vancouver based bio-pharmaceutical company focused on the innovation and enhancement of cancer therapies using synthetic chemistry. IGT's business plan involves the utilization of novel low cost production methods for both new and existing anti-cancer drugs.

On behalf of the board of directors IGT Pharma INC.

Bruce Schmidt, President
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