Printer Friendly
The Free Library
5,674,676 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Neurologix to Present Results at the ''19th Annual Symposia on the Etiology, Pathogenesis and Treatment of Parkinson's Disease and Other Movement Disorders''.


FORT LEE, N.J. -- Neurologix, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:NRGX), which is engaged in the research and development of proprietary treatments for disorders of the brain and central nervous system, today announced that it will present interim results of its landmark gene therapy clinical trial for Parkinson's disease Parkinson's disease or Parkinsonism, degenerative brain disorder first described by the English surgeon James Parkinson in 1817. When there is no known cause, the disease usually appears after age 40 and is referred to as Parkinson's disease.  at the 19th Annual Symposia on the Etiology, Pathogenesis and Treatment of Parkinson's Disease and Other Movement Disorders Movement Disorders Definition

Movement disorders are a group of diseases and syndromes affecting the ability to produce and control movement.
Description
. The symposium will be held on September 25th at the Marriott Hotel and Marina in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation).
San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951.
.

Dr. Andrew Feigin of the North Shore Hospital Long Island Jewish Movement Disorder List of Movement disorders
  • Akinesia (lack of movement)
  • Athetosis (contorted torsion or twisting)
  • Ataxia
  • Ballismus (violent involuntary rapid and irregular movements)
  • Hemiballismus (
 Clinic will make the presentation. Dr. Feigin, along with his colleague Dr. David Eidelberg, is responsible for monitoring, evaluating and conducting neurological reviews of the trial participants before and for one year after the gene transfer procedure.

The annual symposium, which precedes the annual meeting of the American Neurological Association The American Neurological Association, is a professional society with a mission of educating neurologists and physicians as well as increasing knowledge and enhancing treatment of diseases of the nervous system.[1] It was founded in June of 1875. , consists of peer-reviewed presentations designed to communicate recent research advances in the fields of Parkinson's disease and other movement disorders to professionals in neurology and related disciplines. This year's conference is sponsored by the Parkinson Study Group, the Huntington Study Group, the Cooperative Ataxia ataxia (ətăk`sēə), lack of coordination of the voluntary muscles resulting in irregular movements of the body. Ataxia can be brought on by an injury, infection, or degenerative disease of the central nervous system, e.g.  Group, the Dystonia dystonia /dys·to·nia/ (-to´ne-ah) dyskinetic movements due to disordered tonicity of muscle.dyston´ic

dystonia musculo´rum defor´mans
 Study Group, the Myoclonus myoclonus /my·oc·lo·nus/ (mi-ok´lo-nus) shocklike contractions of a muscle or a group of muscles.myoclon´ic

essential myoclonus
 Study Group, the Tourette's Syndrome Tou·rette's syndrome or Tou·rette syndrome
n.
A severe neurological disorder characterized by multiple facial and other body tics, usually beginning in childhood or adolescence and often accompanied by grunts and compulsive utterances, as of
 Study Group, the Tremor Research Group and the Movement Disorders Society (MDS MDS,
n See temporomandibular pain-dysfunction syndrome.

MDS 1 Maternal deprivation syndrome, see there 2 Myelodysplastic syndrome, see there
).

About Neurologix

Neurologix, Inc. is a development-stage company, which through its subsidiary, Neurologix Research, Inc., is engaged in the research and development of proprietary treatments for disorders of the brain and central nervous system, primarily utilizing gene therapies. The Company's initial development efforts are focused on gene therapy for treating Parkinson's disease and epilepsy and its core technology, which it refers to as "NLX (hardware, standard) NLX - A low-profile, low TCO motherboard design created jointly by Intel Corp., IBM, DEC and other PC vendors. In contrast to the traditional single-board design, NLX uses a riser card to carry PCI, ISA and AGP bus data (despite Intel's stated intent to rid PC ," is currently being tested in a Company-sponsored Phase I human clinical trial to treat Parkinson's disease.

Cautionary statement regarding forward-looking statements

This news release includes certain statements of the Company that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and which are made pursuant to 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. These forward-looking statements and other information relating to the Company are based upon the beliefs of management and assumptions made by and information currently available to the Company. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events, or performance, as well as underlying assumptions and statements that are other than statements of historical fact. When used in this document, the words "expects," "anticipates," "estimates," "plans," "intends," "projects," "predicts," "believes," "may" or "should," and similar expressions, are intended to identify forward-looking statements. These statements reflect the current view of the Company's management with respect to future events. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, but not limited to, the following:

--The Company is still in the development stage and has not generated any revenues. From inception through June 30, 2005, it has incurred net losses and negative cash flows from operating activities of $10,993,000 and $9,704,000 respectively. Management believes that the Company will continue to incur net losses and cash flow deficiencies from operating activities for the foreseeable future. Because it may take years to develop, test and obtain regulatory approval for a gene-based therapy product before it can be sold, the Company likely will continue to incur significant losses for the foreseeable future. Accordingly, it may never be profitable and, if it does become profitable, it may be unable to sustain profitability.

--If the ongoing Phase I clinical trial Noun 1. phase I clinical trial - a clinical trial on a few persons to determine the safety of a new drug or invasive medical device; for drugs, dosage or toxicity limits should be obtained
phase I
 for treatment of Parkinson's disease using the Company's NLX technology is unsuccessful, future operations and the potential for profitability will be significantly adversely affected and the business may not succeed.

--Since the Company's existing resources will not be sufficient to enable the Company to obtain the regulatory approvals necessary to commercialize its current or future product candidates, it will need to raise additional funds through public or private equity offerings, debt financings or additional corporate collaboration and licensing arrangements. Availability of financing depends upon a number of factors beyond the Company's control, including market conditions and interest rates. The Company does not know whether additional financing will be available when needed, or if available, will be on acceptable or favorable terms to it or its stockholders.

--There is no assurance as to when, or if, the Company will be able to successfully complete the required preclinical testing of its gene therapy for the treatment of epilepsy to enable it to file an Investigational New Drug Application with the 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 permission to begin a Phase I safety trial or that, if filed, such permission will be granted.

Other factors and assumptions not identified above could also cause the actual results to differ materially from those set forth in the forward-looking statements. Additional information regarding factors that could cause results to differ materially from management's expectations is found in the section entitled "Risk Factors" in the Company's 2004 Annual Report on Form 10-KSB. Although the Company believes these assumptions are reasonable, no assurance can be given that they will prove correct.

Accordingly, you should not rely upon forward-looking statements as a prediction of actual results. Further, the Company undertakes no obligation to update forward-looking statements after the date they are made or to conform the statements to actual results or changes in the Company's expectations.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Aug 31, 2005
Words:919
Previous Article:Kid Cuisine.
Next Article:Eden Energy Corp. Closes Convertible Note and Warrant Financing.



Related Articles
Movement disorders - limb movement and the basal ganglia.
Parkinson's disease gene mutation found. (mutation in a gene that encodes a protein called alpha-synuclein)(Brief Article)
New Rx for psychoses in Alzheimer's, Parkinson's.
Disorders of Voluntary Muscle, ed 7.
Fellowships, Grants, & Awards. (Announcements).
Parkinson's disease and exposure to infectious agents and pesticides and the occurrence of brain injuries: role of neuroinflammation. (Research...
Parkinson's Disease and the Family.(Parkinson's Disease and the Family: A New Guide)(Brief Article)(Book Review)
Predicting Parkinson's: researchers search for early warnings in the brain.
Locomotor training in people with Parkinson disease.(III STEP Series)
Disease investigation through specialized clinically oriented ventures in environmental research (DISCOVER) [P50].(Announcement: Fellowships, Grants,...

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles