VANCOUVER, BC – MARCH 24, 2016 – Advanced Proteome Therapeutics Corporation (“APC” or the “Company”) (TSX VENTURE: APC) (Frankfurt: 0E8) announces that APC will be attending the 10th Annual International Partnering Conference, at BIO-Europe, Spring 2016, April 4-6, in Stockholm, Sweden. This is Europe’s largest partnering conference within the global biotechnology industry. The conference annually attracts leading dealmakers from biotech, pharma and finance along with the most exciting emerging companies.
As previously announced in January, APC has engaged Ella Korets-Smith, Principal at EKS Business Development, to lead the Company’s business development effort. The Company is actively looking to partner its intellectual property, know-how and technologies for the development of superior protein therapeutics for cancer and other critical, unmet needs.
Since coming on board, Ms. Korets-Smith has represented APC at the Biotech Showcase and the Immunotherapy World 2016 Conferences. The description of the Company’s portfolio of protein modification technologies and early stage targeted immunotherapeutics that was provided to conference attendees resulted in a full schedule of private face-to-face meetings. Further discussions have ensued post-conferences, followed by the signing of non-disclosure agreements that have allowed the Company to provide more detailed information regarding its technologies to satisfy the rapidly evolving interest in projects for which APC’s labeling technologies can provide innovative solutions.
Allen Krantz, President and CEO, commented, “From its inception, APC has been engaged in protein modification, and more recently in applying such technologies to anticancer therapeutics. APC’s recent attendance at top-level partnering conferences has highlighted the high demand for site-specific labeling technologies and has further reinforced the attractiveness and suitability of APC’s platform to solve many problems in fast growing fields such as antibody therapeutics, building on the same technology that we have developed and continue to refine. Indeed, in this highly promising area of antibody therapeutics, which is estimated to reach sales of nearly $125 Billion USD by the year 2020, there are many parallels to APC’s annexin-drug conjugate program, that our technologies are in a position to exploit. Building on the strong expressions of interest in APC technologies that are progressing in further discussions, the Company will be engaged with a full schedule of meetings at Bio-Europe.”
Advanced Proteome Therapeutics Corporation (APC) is advancing a site-specific protein modification technology platform to enable the development of superior protein therapeutics. Using this technology, APC has generated numerous and diverse modifications of annexin proteins with superior binding and stability properties, which are amenable to further labeling and conjugation for use in therapeutic applications. APC is now vigorously applying its technologies to achieve the site-specific labeling of therapeutic antibodies and provide the next generation of antibody-drug conjugates.
FOR FURTHER INFORMATION PLEASE CONTACT:
Advanced Proteome Therapeutics Corporation
Alexander (Allen) Krantz
President and Chief Executive Officer
Tel: (705) 888-2756
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