SOURCE: Advanced Proteome Therapeutics Corporation

Advanced Proteome Therapeutics Corporation

July 18, 2017 08:00 ET

Advanced Proteome Therapeutics Announces Collaboration to Develop Cancer Therapeutic

VANCOUVER, BC--(Marketwired - July 18, 2017) - Advanced Proteome Therapeutics Corporation ("APC" or the "Company") (TSX VENTURE: APC) (FRANKFURT: 0E8) a biotechnology company focused on developing superior targeted protein therapeutics is pleased to announce a collaboration with the National Research Council of Canada (NRC). Through this arrangement both parties have forged a strategic relationship to further the development of antibody-drug conjugates (ADCs).

Through recently signed collaborations, APC's efforts are centered on antibody candidates that will be linked to drugs or toxins for the purpose of treating advanced solid tumors such as ovarian cancer, breast cancer, and non-small cell lung cancer, areas of ongoing therapeutic need in a more effective way.

"APC and the NRC will join forces to accurately evaluate the extent to which a drug (or toxin) has been attached to an antibody, validating our proprietary linker technology," stated Allen Krantz, APC's Founder and Chief Science Officer. "Scaling up and testing of the drug-linked candidates we produce, in cell models, will determine their potential as therapies and move APC one step closer to a commercialization."

The NRC's expertise in antibody structure, antibody-drug conjugate development, biomanufacturing, analytics, cell-based assays and in vitro and in vivo pharmacology will help APC further evaluate the site-selective conjugation using APC's linker technology and progress the development of cancer therapeutic candidates from APCs partners. This work is being conducted as part of the NRC's Biologics and Biomanufacturing program, aiming toward better health outcomes for Canadians with cancer.

"We are pleased to apply the NRC's expertise in advanced analytics of ADCs to further the development of new cancer treatments, and we look forward to working with APC on this project," says Jennifer Hill, Team Leader, Mass Spectrometry and Nuclear Magnetic Resonance Analytics, at the NRC.

About APC

Advanced Proteome Therapeutics Corporation (APC) is developing a proprietary technology to directly target cancerous tumors and avoid destroying normal cells. This type of agent is capable of greater potency, higher specificity, and lower toxicity than other therapies that can also attack healthy cells. Advanced Proteome is working to streamline the process by which these agents are prepared, which to date, has been extremely cumbersome, limiting their potential.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This communication contains certain forward-looking statements relating to the Company's business, which can be identified by the use of forward-looking terminology such as "estimates", "believes", "expects", "may", "will", "should", "future", "potential" or similar expressions or by a general discussion of the Company's strategies, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results of operations, financial position, earnings, achievements, or industry results, to be materially different from any future results, earnings or achievements expressed or implied by such forward-looking statements. Given these uncertainties, prospective investors and partners are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such forward-looking statements to reflect future events or developments.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:

    Advanced Proteome Therapeutics Corporation
    Dr. Randal D. Chase
    President and Chief Executive Officer
    Tel: 905-252-3629
    http://www.advancedproteome.com

    Advanced Proteome Therapeutics Corporation
    Babak Pedram
    Investor Relations
    Virtus Advisory Group Inc.
    Tel: 416-644-5081
    bpedram@virtusadvisory.com