Ciphergen Biosystems Announces Issuance of European Patent Covering a Method for Aiding Bladder Cancer Diagnosis
May 30 2007 - 10:00AM
PR Newswire (US)
FREMONT, Calif., May 30 /PRNewswire-FirstCall/ -- Ciphergen
Biosystems, Inc. (NASDAQ:CIPH) today announced that the European
Patent Office (EPO) has issued EU Patent No. 1 354 203, entitled
"Biomarkers of Transitional Cell Carcinoma of the Bladder," for
aiding in bladder cancer diagnosis when used in conjunction with
the current standard of care -- cystoscopy (a diagnostic procedure
that uses a scope to view the bladder). The patent describes using
mass spectrometry to detect certain protein biomarkers that are
present in patients with bladder cancer versus patients who do not
have bladder cancer. These discoveries were made under a
collaborative agreement between Ciphergen and Eastern Virginia
Medical School. Ciphergen retains exclusive rights to these
discoveries for diagnostic development. "The issuance of this
patent is another example of Ciphergen's growing intellectual
property portfolio and the productivity of our collaborations,
which continue to support the expansion of our high-value
diagnostic development programs," said Gail S. Page, Chief
Executive Officer of Ciphergen Biosystems. "In collaboration with
our partners, we continue to generate promising biomarker data that
may be useful for aiding physicians in cancer diagnosis, disease
monitoring, or prediction of recurrence." About Bladder Cancer The
American Cancer Society estimates approximately 67,000 new cases of
bladder cancer diagnosed in the United States (about 50,040 men and
17,120 women) in 2007. An estimated 13,750 deaths from bladder
cancer will occur this year in the United States (about 9,630 men
and 4,120 women). About Ciphergen Ciphergen Biosystems, Inc. is
dedicated to the discovery, development and commercialization of
novel high-value diagnostic tests that help physicians diagnose,
treat and improve outcomes for patients. Ciphergen, along with its
prestigious scientific collaborators, has ongoing diagnostic
programs in oncology/hematology, cardiology and women's health with
an initial focus in ovarian cancer. Based in Fremont, California,
more information about Ciphergen can be found on the web at
http://www.ciphergen.com/. Safe Harbor Statement This news release
contains forward-looking statements that involve significant risks
and uncertainties, including those discussed below and others that
can be found in Ciphergen's Form 10-K for the year ended Dec. 31,
2006, and in Ciphergen's periodic reports on Form 10-Q and Form
8-K. Ciphergen is providing this information as of the date of this
news release and does not undertake any obligation to update any
forward-looking statements contained in this document as a result
of new information, future events or otherwise. The scientific
information discussed in this news release is preliminary and
investigative. No forward-looking statement can be guaranteed and
actual results may differ materially from those Ciphergen projects.
Discovery or identification of new protein biomarkers cannot be
guaranteed and movement beyond the discovery of biomarkers to a
test that successfully screens patients for cancer is uncertain;
consequently, there can be no guarantee that the identification of
potential diagnostic markers will be successful or be an
appropriate basis for a commercially available diagnostic kit for
identifying cancer. NOTE: Ciphergen is a registered trademark of
Ciphergen Biosystems, Inc. DATASOURCE: Ciphergen Biosystems, Inc.
CONTACT: Sue Carruthers, Investor Relations of Ciphergen
Biosystems, Inc., +1-510-505-2233; or media, Lori Murray of
WeissComm Partners, +1-415-946-1070, for Ciphergen Biosystems, Inc.
Web site: http://www.ciphergen.com/
Copyright
Ciphergen Biosystems (NASDAQ:CIPH)
Historical Stock Chart
From Oct 2024 to Nov 2024
Ciphergen Biosystems (NASDAQ:CIPH)
Historical Stock Chart
From Nov 2023 to Nov 2024