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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 2007 ILSI BioMed 2007 Conference.
The Conference will be held from June 5th
through June 7th at the David Intercontinental
Hotel, in Tel Aviv, Israel. GammaCan’s
presentation is scheduled during the Cancer Session, which will take
place on Wednesday, June 6th, 2007.
About GammaCan
GammaCan develops innovative immunotherapy and related approaches to
treat cancer. GammaCan's platform technology is based on the use of
IgGs, 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. 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 about 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 (including Stage II and
Stage IV), the prognosis is poor resulting from limited treatment
alternatives, a median survival time of 8.5 months, and a 5-year
survival rate of 3%. 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 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.