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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, today announced it has retained
investor relations firm ROI Group.
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.
In making the announcement, Steven Katz, Chairman of the Board and
President of GammaCan said, “In seeking to
establish GammaCan as a leader in developing novel immunotherapy and
related approaches to cancer, we are rapidly moving forward with
multiple strategic initiatives. VitiGam™,
targeting Stage III and Stage IV melanoma, is slated to enter Phase I/II
human clinical trials in early 2008.”
“As we approach submitting an IND and
initiating clinical trials, it is now an appropriate time to broaden our
shareholder base by presenting GammaCan to retail and institutional
investors,” Mr. Katz continued.
Robert Giordano, a Managing Partner of ROI Group, commented on ROI’s
appointment, “We are very excited to work
with GammaCan in communicating their leading-edge IgG-based
immunotherapy approach to treating various cancers, particularly
advanced stage melanoma.”
“ROI has a track record for delivering
successful investor relations strategies tailored to the requirements of
small cap life science companies to maximize shareholder value. We
anticipate the same with GammaCan,” said Mr.
Giordano.
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.
For more information about GammaCan, visit www.GammaCan.com.
Safe Harbor Statement
Statements in this document that are not purely historical are
forward-looking statements. Forward-looking statements in this 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.