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GammaCan International, Inc. ("GammaCan" or "the Company") (OTCBB:GCAN),
a developer of immunotherapies for the treatment of cancer, today
announced that Patrick Schnegelsberg, Chief Executive Officer, is
scheduled to present VitiGam™, GammaCan's lead
product under development for the treatment of Stage III and Stage IV
melanoma at the Acumen BioFin Rodman & Renshaw 4th Annual Global
Healthcare Conference. GammaCan’s presentation
is scheduled for Monday, May 14th at 2:55 PM CST
(8:55 AM EDT).
Interested parties may access a live audio webcast of the presentation
via the investor information section of the GammaCan website, www.GammaCan.com.
A replay of the presentation will be archived on the site for 30 days
following the presentation.
About GammaCan
GammaCan develops innovative immunotherapy and related approaches to
treat cancer. GammaCan's platform technology is based on IgGs, a safe,
relatively non-toxic human plasma-based 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. 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 is expecting 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 Metastatic 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 about 75% of all skin cancer-related deaths. An
estimated 60,000 people will be diagnosed and nearly 8,000 people will
die from melanoma in 2007 in the U.S. alone. If rapidly diagnosed and
surgically removed, early-stage melanoma is usually curable. However,
for patients with metastatic melanoma, the prognosis is poor resulting
from limited treatment alternatives, and a median survival time of 8.5
months and a 5-year survival rate of 3%. There has been little change in
these results 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 melanoma was approved by the FDA 30
years ago.
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 the product we produce, 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.