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PWRM, MYRX, MYGN, GPRO - Company News And Updates From DrStockPick.com .

Posted, by drstockpick on September 21st, 2010

Power3 Medical Products, Inc. (OTC.BB:PWRM), a leading proteomics company focused on the development of innovative diagnostic tests in the fields of cancer and neurodegenerative diseases, has delivered four poster presentations at the 2010 International Conference on Alzheimer's Disease (ICAD) in Honolulu, Hawaii. These presentations discussed NuroPro, Power3's diagnostic test, and focused on Power3's Alzheimer's disease blood serum biomarkers, test and clinical validation trials.

"In preparation for commercialization, our objective at this meeting was to show how Power3's protein biomarkers and blood tests provide superior solutions for diagnosis and drug response to improve the treatment of Alzheimer's disease," said Dr. Ira L. Goldknopf, Power3's President and Chief Scientific Officer. "It was gratifying to receive substantial attention to our posters from representatives of major pharma and clinical research institutions from around the world. They expressed surprise and enthusiasm for our findings, especially those relating to the methods by which Power3's protein biomarkers indicate how patients respond to treatment with the three major anti-dementia drugs."

Power3 has filed several patent applications for its NuroPro technology that are currently pending. Power3 also has a world-wide exclusive license from the Baylor College of Medicine in Houston, Texas. To date, Power3 has given 9 presentations on NuroPro at international scientific meetings in the United States, Europe and China, and has published 6 articles in peer-reviewed scientific journals on the subject. Power3 intends to publish these latest findings as well.

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Myrexis, Inc. (Nasdaq:MYRX), a biotechnology company focused on discovering, developing, and commercializing novel treatments for cancer, reports key findings from preclinical studies of the Company's novel cancer metabolism inhibitor (CMI), MPC-9528, at the Cancer and Metabolism: Pathways to the Future Symposium in Edinburgh, Scotland. Compelling preclinical evidence demonstrates that treatment with MPC-9528 results in significant tumor growth inhibition and that the co-administration of niacin improves the therapeutic index of MPC-9528. Additional data, from a large panel of tumor cell lines and primary human tumor tissue indicate that approximately 40% of all cancers may carry a biochemical defect making them respond well to the combination of niacin and MPC-9528 treatment. A simple companion diagnostic could be used to identify patients with such tumors.

Myrexis, Inc. is a biotechnology company focused on discovering, developing, and commercializing novel treatments for cancer. The Company has leveraged a unique understanding of the genetic causes of human disease to generate a strong pipeline of clinical and preclinical product candidates. These include compounds with distinct mechanisms of action and novel chemical structures that have first-in-class and/or best-in-class therapeutic potential. Myrexis is led by an experienced management team with expertise in human genetics, protein-protein interaction technology, chemical proteomic drug discovery and clinical and commercial development.

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Myriad Genetics, Inc.(Nasdaq: MYGN) has launched its fourth regional Public Awareness Campaign to educate consumers and healthcare providers about hereditary breast and ovarian cancer. The comprehensive campaign is an effort to reach women with a personal and/or family history of breast and ovarian cancer in Alabama, Arkansas, Georgia, Louisiana, North Carolina, Mississippi, South Carolina, southern Virginia and Tennessee and encourage them to talk to their healthcare provider about the risk of hereditary cancers.

Of the more than 230,000 women in the U.S. who will be diagnosed with breast or ovarian cancer this year, up to ten percent of these cases will be due to an inherited mutation in the BRCA1 or BRCA2 gene. People with a BRCA mutation are up to twelve times more likely than the general population to develop breast cancer by age 70 and over twenty times more likely to develop ovarian cancer.

A genetic test from Myriad called BRACAnalysis can be ordered by a physician to detect mutations in the BRCA1 and BRCA2 genes. However, only 50 percent of the 6.5 million people in the United States who are at highest risk for hereditary cancer have heard of genetic testing, according to a recent study. Among these people, only 15 percent have discussed testing with their physician. Throughout the U.S., awareness of genetic testing is lowest in the South.

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Gen-Probe (Nasdaq: GPRO) has submitted a Premarket Approval Application (PMA) to the US Food and Drug Administration (FDA) for its PROGENSA PCA3 assay, a new molecular test that may help determine the need for repeat biopsies in men suspected of having prostate cancer.

Gen-Probe is seeking FDA approval to use the PROGENSA PCA3 assay to test urine samples from men who previously have had a negative prostate biopsy. In support of this objective, the Company conducted a prospective, multicenter clinical study of the assay that enrolled 507 men. The trial began in August of 2009 and concluded in May of 2010. Gen-Probe intends to present the results of the study at a future medical meeting.

The FDA has formally filed Gen-Probe's PMA, and has advised the Company that a meeting of the Medical Devices Advisory Committee's Immunology Panel will be required to support approval of the PMA. No date for this meeting has been set.

Gen-Probe Incorporated is a global leader in the development, manufacture and marketing of rapid, accurate and cost-effective molecular diagnostic products and services that are used primarily to diagnose human diseases, screen donated human blood, and ensure transplant compatibility. Gen-Probe has approximately 27 years of expertise in nucleic acid testing (NAT), and received the 2004 National Medal of Technology, America's highest honor for technological innovation, for developing NAT assays for blood screening. Gen-Probe is headquartered in San Diego and employs approximately 1,300 people.

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Authored by, drstockpick
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