BioMark Diagnostics Inc.
CNSX : BUX
OTCQB : BMKDF
FRANKFURT : 20B

BioMark Diagnostics Inc.

July 05, 2016 08:00 ET

BioMark Completes Data Collection and Submits Data for Analysis Prior to Health Canada Submission

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 5, 2016) - BioMark Diagnostics Inc. ("BioMark" or the "Company") CSE:BUX)(FRANKFURT:20B)(OTCQB:BMKDF), a leader in next-generation cancer diagnostics using metabolites, is pleased to announce that its designated analytical service provider Biopharmaceutical Research Inc (BRI) has completed the raw data collection for the 200 patient trial using an internal standard developed for BioMark that meets Health Canada and US FDA standards.

A data transfer specification agreement has been signed with BRI for the raw data to be sent to a biostatistician and the regulatory group in Manitoba for further analysis and review prior to formulating a comprehensive report for Health Canada.

The internal standard for the assay analysis was established by Biopharmaceutical Research Inc. (BRI), and meets U.S. Food and Drug Administration (FDA) and Health Canada requirements. The trials were conducted in Canada and Bangladesh and focused on lung, breast and GI cancers. Assay validation methods are completed to ensure that an analytical methodology is accurate, specific and reproducible over the specified range that a target will be analyzed. Assay validation provides an assurance of reliability during normal use.

"BioMark anticipates to prepare and submit a detailed report to Health Canada by end of this summer 2016. This will be a pivotal event for the company," said BioMark President and CEO Rashid Ahmed.

About Biopharmaceutical Research Inc. (BRI)

Biopharmaceutical Research Inc. is a specialized analytical, bioanalytical and drug metabolism and pharmacokinetic (DM/PK) contract research organization (CRO) servicing pharmaceutical and biotechnology companies in discovery, preclinical and clinical programs supporting IND and NDA-enabling studies.

The bioanalytical LC/MS/MS group was founded by Dr. David Kwok and has been operating since 1999. Over the years BRI has performed hundreds of quantitative assays on small molecule drugs, metabolites and chemical biomarkers supporting Phase I to IV clinical PK samples and DM/PK preclinical samples. Bioanalytical assay experience includes immunochemical ELISA and cell-based assays of small molecule chemical biomarkers and large molecules.

BRI meets the following Good Laboratory Practice Regulations/ Standards/ Guidelines:

  • U.S. Food and Drug Administration, Title 21 Code of Federal Regulations Part 58, Current
  • Organization for Economic Cooperation and Development
  • The OECD Principles of Good Laboratory Practice, Series on Principles of Good Laboratory Practice and Compliance Monitoring, Monograph No.1 to 14, current
  • Japanese Ministry of Health and Welfare, Ordinance No. 21, April 1, 1997

About BioMark Diagnostics Inc.

BioMark Diagnostics is developing proprietary, non-invasive, and accurate cancer diagnostic solutions, which can help detect, monitor and assess treatment for cancer early and cost effectively. The technology can also be used for measuring response to treatment and potentially for serial monitoring for cancer survivors.

Further information about BioMark Diagnostics is available under its profile on the SEDAR website www.sedar.com and on the CSE website www.thecse.ca.

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of BioMark. Forward-looking information is based on certain key expectations and assumptions made by the management of BioMark. Although BioMark believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because BioMark can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. BioMark disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

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