Beckpharma and NextGen to Collaborate
February 14 2008 - 8:25AM
Marketwired
LONDON, UNITED KINGDOM (OTCBB: NXGB), a biotechnology company
that develops novel therapeutic proteins that disrupt the advance
of life-threatening cancers, today announced its intention to
collaborate with Beckpharma Ltd. ("Beckpharma") - a pharmaceutical
development company also involved in cancer treatments.
The two companies have formalised their desire to collaborate in
a recent Letter of Intent, and are presently preparing the
contractual details of their collaboration. They plan to primarily
focus on the sourcing of cancer treatments, but are open to future
expansion to other therapeutic areas as well.
"Beckpharma's strength lies in identifying and acquiring
promising cancer treatments through the relationships it has built
with academic research institutions around the world," said
Konstantinos Kardiasmenos, CEO of NextGen.
"Their expertise and experience in that area would be a welcome
enhancement to NextGen's current sourcing efforts."
About Beckpharma Ltd.
Beckpharma is a pharmaceutical development company whose mission
is to take marketed products, as well as products at all stages of
clinical development, from targeted academic institutes and other
sources, add value to those products, and then commercialise them
through its own resources or through industry partners in Europe,
North America and other suitable territories.
About NextGen Bioscience Inc.
NextGen is positioning itself as the world's leading bioscience
company in the development and commercial licensure of novel
therapeutic proteins that disrupt the advance of life-threatening
cancers. The company leverages cutting-edge research collaborations
to achieve breakthroughs in anti-cancer treatments, and then
licenses these patented drug product candidates to Big
Pharmaceutical and Biotechnology companies.
At present, NextGen is rapidly building its portfolio of
proprietary biotechnology. Its first two anti-tumor drug
candidates, Prostaganin (prostate cancer) and Tetanolic (breast
cancer) -- both have incredible market potential as they may
ultimately eliminate the need for surgery and chemotherapy and
possess no side effects. NextGen's target market -- cancer
treatments -- is the largest disease market, exploding at a 20%
growth rate each year. NextGen's treatment niche is based on recent
discoveries that indicate that most tumors are derived from a
single cancer-initiating cell population which has stem cell
properties (a cancer stem cell). NextGen has chosen to concentrate
on identification of certain cell-specific characteristics, making
it possible to identify precursor cells of tumors, and then conduct
a more extensive 'fingerprinting' profile that will enable the
development of cell-specific anti-cancer treatments. This will
result in a 'tailor made' cancer treatment strategy that is
superior to existing therapies in its ability to eradicate
malignant cells whilst leaving healthy tissue intact.
For more information about NextGen Bioscience Inc., or to
schedule an interview with Mr. Kardiasmenos, please contact Graham
May at +44 20 7297 8186 or info@nextgenbioscience.com.
Contacts: NextGen Bioscience, Inc. Graham May +44 (0) 20 7297
8186 +44 (0) 20 7377 9454 (FAX) Email: info@nextgenbioscience.com
Website: www.nextgenbioscience.com
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