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GCAN Greater Cannabis Company Inc (PK)

0.0006
-0.0001 (-14.29%)
25 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Greater Cannabis Company Inc (PK) USOTC:GCAN OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.0001 -14.29% 0.0006 0.0006 0.0008 0.0008 0.0006 0.0007 2,457,270 21:00:59

GammaCan Discovers Anti-Angiogenic Properties in Plasma-Derived IgG

28/06/2007 1:00pm

Business Wire


Greater Cannabis (PK) (USOTC:GCAN)
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GammaCan International, Inc. (“GammaCan” or “the Company”) (OTCBB: GCAN), a developer of proprietary immunotherapies for the treatment of melanoma and other cancers, announced today that its Chief Scientist, Professor Yehuda Shoenfeld, M.D., FRCP, has discovered that gamma-immunoglobulins, or IgG, manufactured from human plasma, contain sub-fractions with potent anti-angiogenic properties which may have application in disorders of neovascularization, including cancer and other diseases. This discovery is the subject of a recent patent application filing with the U.S. Patent and Trademark Office. In cancer, neovascularization (the formation of new blood vessels) is the process by which tumors recruit blood supply from nearby blood vessels for their proliferation. Without blood supply, a tumor cannot grow to the stage of being truly dangerous. As a result, the prevention of this process is of significant value in treating cancer and other diseases. Commenting on this development, Chief Executive Officer Patrick Schnegelsberg said, “GammaCan has recently made substantial advances in understanding how IgG-based therapies produce some of their anti-cancer effects. One such effect is that specific fractions of IgG appear to prevent tumors from recruiting the blood supply required for their growth. That process is known as angiogenesis. The Company anticipates that this discovery may be developed into broad-based cancer therapies and other therapies that address non-cancer disorders.” About GammaCan GammaCan develops proprietary immunotherapy and related approaches to treat melanoma and other cancers. GammaCan's platform patented technology is based on the use of IgGs (gamma-immunoglobulins), a safe, relatively non-toxic human plasma-derived product used to treat a variety of immune deficiencies and autoimmune diseases. In cancer, IgG-based therapies work by strengthening the patient's immune system. Many experts currently view immunotherapy as a future alternative to chemotherapy. The Company's lead drug candidate, VitiGam™, targets Stage lll and Stage lV melanoma for which no effective treatment currently exists. For more information about GammaCan, visit www.GammaCan.com. About VitiGam™ VitiGam™ is a first-in-class IgG-based anti-cancer immunotherapy being developed for the treatment of Stage III and Stage IV melanoma. GammaCan is planning to submit its Investigational New Drug Application (IND) for VitiGam™ to the FDA in the near future. The Company expects to commence human clinical trials shortly thereafter. VitiGam™ is an IgG-based product manufactured from the plasma of donors with Vitiligo, a benign skin condition affecting up to 2% of the general population. Studies have shown that this "enriched" IgG formulation contains potent anti-melanoma activity. Based on these studies, GammaCan expects VitiGam™ to provide both, specific anti-melanoma activity (directed against melanoma cells), and non-specific anti-cancer activity. About Melanoma Melanoma is a deadly form of skin cancer. According to the American Cancer Society, melanoma accounts for approximately 4% of all skin cancers but causes approximately 75% of all skin cancer-related deaths. An estimated 62,000 people will be diagnosed with and nearly 8,000 people will die from melanoma in the U.S. alone in 2007. If rapidly diagnosed and surgically removed, early-stage melanoma is usually curable. However, for patients with metastatic melanoma (Stage III and Stage IV), the prognosis is poor since no effective treatment currently exists. These patients have a median survival time of 8.5 months and a 5-year survival rate of less than 10%. There has been little change in these results for in excess of 25 years. The incidence of melanoma has increased more rapidly than any other cancer during the past 10 years. The last drug to treat patients with metastatic melanoma was approved by the FDA over 30 years ago. Safe Harbor Statement Statements in this press release that are not purely historical are forward-looking statements. Forward-looking statements in this press release include statements regarding: the commercialization of anti-cancer immunotherapies and the Company's efforts to develop therapies to boost the immune systems of cancer patients by the use of IgG-based therapy. Actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the planned development of the technology; the inability to hire appropriate staff to develop the technology; unforeseen technical difficulties in developing the technology; the inability to obtain regulatory approval for human use; competitors' therapies proving to be more effective, cheaper or otherwise preferable for consumers; the inability to market a product; all of which could, among other things, delay or prevent product release, as well as other factors expressed from time to time in GammaCan's periodic filings with the Securities and Exchange Commission (the "SEC"). As a result, this press release should be read in conjunction with GammaCan's periodic filings with the SEC, which are incorporated herein by reference. The forward-looking statements contained herein are made only as of the date of this press release and GammaCan undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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