To: Sergio H who wrote (9203 ) 9/30/1998 8:36:00 PM From: Amigo Mike Respond to of 29382
Our little Antex has new this evening !!! AntexBiologics Licenses Seven NIH Patents on Carbohydrate Receptor Technology GAITHERSBURG, Md., Oct. 1 /PRNewswire/ -- AntexBiologics announced that it has licensed the rights to seven U.S. patents covering carbohydrate receptor technologies for bacteria and fungi from The National Institutes of Health ("NIH"). The NIH patents have claims to various carbohydrate receptors for both bacteria and fungi, as well as methods of using the carbohydrates as diagnostics and therapeutics. This licensing transaction is part of an ongoing effort to expand Antex's technology and product development programs. "Using ART(TM) (Adhesin Receptor Technology), the earliest comprehensive platform technology developed by the Company, Antex develops novel vaccines, anti-infective therapeutics, and diagnostics. Several of our vaccine candidates, including one now in clinical trials, were identified through ART. Acquiring the rights to these patented carbohydrate receptors adds to our receptor library and enhances our proprietary position," said Theresa M. Stevens, Vice President, Corporate Development, of Antex. "Including the patents from this license, Antex now owns or has rights to a total of 19 U.S. patents. To date, we have 77 patents worldwide, with 14 pending U.S. and corresponding worldwide applications," Ms. Stevens continued. To begin a mucosal infection, bacteria must first bind to an individual's cells that line the gastrointestinal, respiratory, or urogenital tracts, called "epithelial cells." Bacteria manage to link with these cells by using one or more molecules on the bacteria's surface -- known as adhesins -- that fit one of the epithelial cell's many receptors. These receptors can be molecules including glycolipids, phospholipids, proteins, and carbohydrates. With ART, Antex has identified specific receptors used by over 60 bacteria and toxins. From these identified receptors, Antex can identify, isolate and/or synthesize adhesin proteins that are useful as subunit vaccines, as targets for anti-infectives, and as diagnostic reagents. "The Company is actively pursuing additional opportunities to add to our therapeutic product portfolio by acquiring technologies, late-stage development candidates, and marketable products. We are also planning to regain rights to some of our own technologies applicable to AntexPharma that were previously licensed to others," said Dr. V.M. Esposito, CEO and President of Antex. AntexBiologics is a biopharmaceutical company dedicated to the discovery, development and commercialization of products to prevent and treat infectious diseases and related disorders. The Company has four vaccine products in clinical development and currently has strategic alliances with SmithKline Beecham, Pasteur Merieux Connaught, and the U.S. Navy. The Company's common stock is quoted on the OTC Bulletin Board under the ticker symbol ANTX. Statements contained herein that are not historical facts may be forward- looking statements that are subject to a variety of risks and uncertainties. There are a number of important factors that could cause actual results to differ materially from those expressed in any forward-looking statements made by the Company. Such factors are more fully described in the Company's Form 10-KSB filed with the United States Securities and Exchange Commission, and include, but are not limited to: (i) the Company's ability to successfully complete product research and development, including preclinical and clinical studies and commercialization; (ii) the Company's ability to obtain required governmental approvals; (iii) the Company's ability to attract and/or maintain manufacturing, sales, distribution and marketing partners; and (iv) the Company's ability to develop and commercialize its products before its competitors. SOURCE AntexBiologics CO: AntexBiologics; The National Institutes of Health; SmithKline Beecham; Pateur Merieux Connaught; U.S. Navy ST: Maryland IN: MTC SU: 09/30/98 17:44 EDT prnewswire.com