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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 to Present and Webcast at Acumen BioFin Rodman & Renshaw 4th Annual Global Healthcare Conference

14/05/2007 9:23am

Business Wire


Greater Cannabis (PK) (USOTC:GCAN)
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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.

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