Immtech's DB-368 Compound Effective in Vivo Against Fungal Disease.Business Editors VERNON HILLS, Ill.--(BW HealthWire)--May 12, 2000 Immtech International 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 NMS See NetWare Management System. : IMMT IMMT International Maritime Meteorological Tape (WMO) IMMT Integrated Maintenance Management Team IMMT International Space Station Mission Management Team IMMT Identity Management Middle Tiers ), a biopharmaceutical company focused on the delivery and commercialization of drugs for the treatment of fungal diseases, cancer, tuberculosis, pneumonia and diarrhea, announced today promising results from a compound tested in animals against Aspergillosis Aspergillosis Definition Aspergillosis refers to several forms of disease caused by a fungus in the genus Aspergillus. Aspergillosis fungal infections can occur in the ear canal, eyes, nose, sinus cavities, and lungs. , a serious fungal disease. The studies showed that higher doses of the company's DB-368 compound increased the survival of mice given lethal doses of Aspergillus Aspergillus Any fungus of the genus Aspergillus of the Fungi Imperfecti (form-class Deuteromycetes). Species for which the sexual phase is known are placed in the order Eurotiales. A. niger causes black mold on some foods; A. niger, A. flavus, and A. . DB-368 is one of several compounds screened for fungicidal fun·gi·cide n. A chemical substance that destroys or inhibits the growth of fungi. fun gi·cid activity that have proven effective against Aspergillus and other fungi. DB-368 is derived from DB-289, the company's first pharmaceutical product entering human trials in the third quarter of 2000. Immtech's Scientific Consortium developed DB-368, and a third-party company, as part of a research and testing agreement, conducted the studies. Aspergillus fungus permeates the environment and usually enters the human body through the lungs. In systemic diseases, the organism is often found in vascular tissues and can cause blockage to blood vessels Blood vessels Tubular channels for blood transport, of which there are three principal types: arteries, capillaries, and veins. Only the larger arteries and veins in the body bear distinct names. . Invasive primary Aspergillus frequently causes mortality in immune-suppressed patients, particularly those with leukemia or solid-organ transplantation. Immtech is currently focused on bringing an orally effective anti-fungal drug to the market. To this end, the company is funding a research program at Duke University to develop advanced in vivo in vivo /in vi·vo/ (ve´vo) [L.] within the living body. in vi·vo adj. Within a living organism. in vivo adv. testing models of the three most common fungal diseases: Candida albicans Candida albicans, n a pathogenic yeast, which is the causal agent of thrush, vaginal infections, and systemic candidiasis. Candida albicans , Aspergillosis and Crypstococcus neoformans. Currently, the program is evaluating the company's new compounds for anti-fungal activity in animal models of Candida albicans, which is the most common fungal disease diagnosed in immune-suppressed patients. It can cause infections in the mucosal membranes, esophagus and urinary tract; and when it reaches the blood circulatory system, it can become life threatening. Candida has become the fourth-leading cause of hospital-acquired sepsis, surpassing even E. coli. The annual market for drugs that treat systemic fungal diseases is approximately $3 billion worldwide, and is considered one of the fastest growing. Steve Thompson, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Immtech International Inc., said, "We are encouraged by these positive results from our animal studies. These findings point to the great potential of this new series of compounds and the power of our pharmaceutical platform to develop a drug with broad activity for the treatment of fungal diseases. Given the enormous size and growth of the antifungal market, this represents a major opportunity for Immtech." About Immtech International Inc. Immtech International Inc. is a biopharmaceutical company focused on the discovery and commercialization of therapeutics for the treatment of fungal and other infectious diseases such as tuberculosis, pneumonia and diarrhea; and it is also developing products to treat cancer. The company has an anti-microbial pharmaceutical platform, from which many drugs can be commercialized. These pharmaceuticals work by blocking life-sustaining enzymes from binding to the minor groove of the DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. , killing the infectious organisms that cause fungal, parasitic, protozoan protozoan (prō'təzō`ən), informal term for the unicellular heterotrophs of the kingdom Protista. Protozoans comprise a large, diverse assortment of microscopic or near-microscopic organisms that live as single cells or in simple , bacterial and viral diseases. Immtech International has two products entering human clinical trials in 2000. For further information, please visit the company's web site at www.immtech-international.com. "Safe Harbor" Statement under 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: This release contains forward-looking statements that express the beliefs and expectations of management. Such statements are based on current expectations and involve a number of known and unknown risks and uncertainties that could cause the Company's future results, performance or achievements to differ significantly from the results, performance or achievements expressed or implied by such forward-looking statements. The forward-looking statements within this release, any oral statements made by representatives of the Company, and Forms 10-Q and 10-K are identified by words such as "believes," "anticipates," "expects," "intends," "may" and other similar expressions. In addition, any statements that refer to expectations, projections, or other characterizations of future events or circumstances are forward-looking statements. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances occurring subsequent to this news release or otherwise to revise or update any oral or written forward-looking statement that may be made from time to time on behalf of the Company. Readers are urged to carefully review and consider the various disclosures made by the Company in its filings with the SEC, including its Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K for the year ended March 31, 1999, that attempt to advise interested parties of certain risks, uncertainties and other factors that may affect the Company's business. |
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