WINNIPEG, MANITOBA--(Marketwire - Nov. 6, 2012) - Kane Biotech Inc. (TSX VENTURE:KNE), a biotechnology company engaged in the development and commercialization of products that prevent and remove microbial biofilms is pleased to announce the issuance of Patent (No.2006265707) entitled "Antimicrobial compositions for inhibiting growth and proliferation of a microbial biofilm on medical devices" by the Australian patent office. This patent covers the Company's Aledex technology for the antibiofilm-antimicrobial coating of medical devices to prevent hospital-acquired infections.
This patent protects the claims on: (i) composition comprising antibiofilm protamine sulfate and antimicrobial chlorhexidine salt; (ii) composition further comprising an additional antimicrobial such as triclosan and benzalkonium chloride; (iii) method of preparing a medical device coated or impregnated with protamine sulfate-chlorhexidine salt combination; and (iv) medical devices including various types of catheter, pacemakers, prosthetic heart valves, prosthetic joints, voice prostheses and intrauterine devices.
This is the fourth patent issued for Kane Biotech's Aledex technology to protect the invention of a unique and synergistic composition, which provides a broad-spectrum antibiofilm and antimicrobial activity in medical device coating applications.
"We are very pleased that our unique biofilm technology is obtaining patent protection around the world. We now have 19 issued and 28 pending patents covering our biofilm technology platforms worldwide," stated Gord Froehlich, President and Chief Executive Officer of Kane Biotech.
About Kane Biotech Inc.
Kane Biotech is a biotechnology company engaged in the development and commercialization of products to prevent and remove biofilms. Biofilms are a major cause of a number of serious medical problems including chronic infections and medical device related infections. They develop on surfaces such as catheters, prosthetic implants, teeth, lungs and the urogenital tract. Biofilms are pervasive, costly to deal with and are involved in approximately 80% of all human bacterial infections. The healing of chronic wounds alone costs the United States health care system $20 billion per year.
Kane Biotech uses patent protected technologies based on molecular mechanisms of biofilm formation/dispersal and methods for finding compounds that inhibit or disrupt biofilms. The Company has evidence that these technologies have potential to significantly improve the ability to prevent and/or destroy biofilms in several medical and industrial applications.
Caution Regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information within the meaning of applicable Canadian provincial securities legislation (collectively, "forward-looking statements"). These forward-looking statements relate to, among other things, our objectives, goals, targets, strategies, intentions, plans, beliefs, estimates and outlook, including, without limitation, our anticipated future operating results, and can, in some cases, be identified by the use of words such as "believe," "anticipate," "expect," "intend," "plan," "will," "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.
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These risks and uncertainties should be considered carefully and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Kane cannot provide assurance that actual results will be consistent with these forward-looking statements. Kane undertakes no obligation to update or revise any forward-looking statement.
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