ID Vaccine Secures GMP Manufacturing Source for Group A Streptococcus Vaccine.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--June 20, 1997-- ID Biomedical Corpor(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). IDB., 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 IDBEF.) ID Biomedical Corporation announced today that its subsidiary, ID Vaccine, has entered into a contract manufacturing agreement with The Collaborative BioAlliance of Stony Brook, NY, for the Good Manufacturing Practices (GMP GMP (guanosine monophosphate): see guanine. ) production of its group A streptococcus group A streptococcus n. A common but virulent streptococcus that kills the tissue it infects and produces toxins that trigger a form of shock that affects the vital organs. (GAS) vaccine. Manufacturing product under GMP conditions is an essential step prior to human testing of new vaccine candidates. ID Vaccine intends to file an Investigational New Drug (IND) application with the Food and Drug Administration (FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. ) for approval to begin Phase I human clinical trials of its GAS vaccine in the first quarter of 1998. ID Vaccine President, Todd R. Patrick, says the Company is pleased to be starting this important phase of product development. "Collaborative BioAlliance has the appropriate facilities and expertise to assist us in manufacturing our GAS vaccine as required by international regulatory bodies," he says. "Once this task is completed, we will engage a Contract Research Organization to carry out the pre IND toxicity studies required by the FDA." GAS causes a wide variety of diseases including "strep throat" (acute pharyngitis). According to the Centers for Disease Control in the US, 25-40 million people in North America get "strep throat" every year at an estimated cost of $2 billion to the US healthcare system. GAS is also responsible for impetigo impetigo (ĭmpətī`gō), contagious skin infection affecting mainly infants and children. The causative organisms are either hemolytic streptococci or staphylococci. (a skin infection), invasive fasciitis (also known as flesh-eating disease), toxic shock syndrome toxic shock syndrome (TSS). acute, sometimes fatal, disease characterized by high fever, nausea, diarrhea, lethargy, blotchy rash, and sudden drop in blood pressure. It is caused by Staphylococcus aureus, an exotoxin-producing bacteria (see toxin). and rheumatic fever. The Collaborative BioAlliance (CBA See Capital Builder Account. ), located in Stony Brook, NY, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Collaborative Group, is dedicated to the contract production of biologics for use in therapeutic and diagnostic applications. The CBA has considerable expertise in the area of controlled delivery systems such as liposomes, colloidal suspensions and polymer technologies. ID Biomedical Corporation is a North American biotechnology company that is emerging as a leader in two fields of medicine: gene detection and subunit vaccines. The Company's gene detection platform, Cycling Probe Technology Please help recruit one or [ improve this article] yourself. See the talk page for details. (CPT), has been shown to have significant cost, time and ease of use advantages over comparable systems currently on the market. ID Biomedical's first two products in development are tests for MRSA MRSA Methicillin-resistant Staphylococcus aureus. See MARSA. (in independent clinical studies) and VRE, which use CPT to detect the genes responsible for antibiotic resistance. The Company, through it's subsidiary ID Vaccine, is also engaged in the development of subunit vaccines against infectious diseases. The Company's lead products are a vaccine against group A streptococcus and a vaccine for the prevention of tuberculosis which has been licensed to Pasteur Merieux Connaught, a member of the Rhone-Poulenc Group. The foregoing information includes forward-looking statements concerning, among other things, management's plans and objectives for future corporate objectives. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors, including including i) the Company's ability to successfully complete preclinical development and manufacturing and obtain timely regulatory approval, and ii) decisions, and the timing of decisions, made by the health regulatory agencies regarding approval of the Company's products for human testing. The Company assumes no obligation to update these forward- looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. CONTACT: ID Biomedical Corporation Hugh Notman, 604/ 431-9314 http://www.idbiomed.com e-mail: info@idbiomed.com or James Hoggan & Associates Mark Reis, 604/ 739-7500 |
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