CURIS' BMP-7 Protein Drug Candidate Reported to Enhance Stroke Recovery; New Finding Cited in American Heart Association Publication.Business Editors/Health/Medical Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--Feb. 11, 2003 CURIS, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CRIS), the therapeutic drug development company, today announced the release of favorable findings surrounding CURIS' BMP-7 protein drug candidate. In the current edition of Stroke, an American Heart Association American Heart Association (AHA), n.pr a national voluntary health agency that has the goal of increasing public and medical awareness of cardiovascular diseases and stroke, and thereby reducing the number of associated deaths and disabilities. publication, it is reported that BMP-7 can improve motor function after a stroke even when the compound is delivered intravenously into the blood stream twenty-four hours after the injury. Other previously published studies have shown that BMP-7 can promote functional recovery when administered up to three days after a stroke, but in those studies BMP-7 was injected directly into the brain (cerebrospinal cerebrospinal /cer·e·bro·spi·nal/ (-spi´n'l) pertaining to the brain and spinal cord. cer·e·bro·spi·nal adj. Relating to the brain and the spinal cord. ) fluid. The finding is further evidence of progress in CURIS' BMP-7 commercialization efforts. In November of 2002, CURIS licensed to Ortho Biotech (a subsidiary of Johnson & Johnson) the rights to its BMP (1) (BitMaP) Also known as a "bump" file, it is the native, bitmapped graphics format in Windows. A BMP can be saved in several color options: 1-, 4-, 8- and 24-bit color provide 2, 16, 256 and 16,000,000 colors respectively. BMP files use the .BMP or . portfolio for neurological, renal, and other therapeutic indications. Under the agreement, Ortho Biotech is responsible for all decisions regarding the development of products from CURIS' BMP portfolio. "The attraction of BMP-7 as a stroke drug candidate has been its ability to enhance the recovery of motor skills even when administered relatively late, one to three days after the stroke" said Daniel Passeri, CURIS' President and Chief Executive Officer. "The prospect that BMP-7's stroke recovery effects may be obtained by intravenous delivery instead of direct injection into the brain represents a significant step forward in the development of this promising drug candidate." About CURIS, Inc. CURIS, Inc. is a therapeutic drug development company. The Company's technology focus is on regulatory pathways that control repair and regeneration. CURIS' product development involves using proteins or small molecules to modulate these pathways, for example, increasing the pathway signals when they are insufficient or decreasing them when they excessive. CURIS has successfully used this technology and product development strategy to produce several promising drug product candidates in the fields of kidney disease Kidney Disease Definition Kidney disease is a general term for any damage that reduces the functioning of the kidney. Kidney disease is also called renal disease. , neurological disorders This is a list of major and frequently observed neurological disorders (e.g. Alzheimer's disease), symptoms (e.g.back pain), signs (e.g. aphasia) and syndromes (e.g. Aicardi syndrome). , cancer, and alopecia alopecia (ăl'əpē`shēə): see baldness. (hair loss). For more information, please visit the CURIS web site at www.curis.com. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Statements concerning Curis' or management's intentions, plans, expectations or predictions of future events are forward-looking statements. Such statements may contain the words "believes", "expects", "anticipates", "plans", "estimates" or similar expressions. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those indicated by such forward-looking statements. Actual results can be affected by, among other things, uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc product development, clinical trials, regulatory actions or delays, the ability to obtain or maintain patent or other proprietary intellectual property protection, changes in or an inability to execute Curis' realigned business strategy and other risk factors identified in Curis' most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and subsequent reports filed with the Securities and Exchange Commission. Curis disclaims any intention or obligation to update any of the forward-looking statements after the date of this press release. |
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