SDIX (Nasdaq: SDIX) today announced that it will be showcasing progress
with its advanced Genomic Antibody TechnologyTM (GATTM)
data package this week’s BIO International Convention, one of the
largest global partnering events for the biotechnology industry.
Advanced GAT is the next generation of the Company’s well-established
and successfully marketed proprietary DNA-immunization-based technology.
The 2012 event is taking place at the Boston Convention & Exhibition
Center in Boston, MA, on June 18-21.
SDIX will be participating in the BIO Partnering sessions on June 18-20.
Fran DiNuzzo, CEO, and Klaus Lindpaintner, CSO and VP of R&D of SDIX
plan to engage in discussions with Biotechnology and Pharmaceutical
companies to share new data documenting the capabilities of the advanced
GAT platform.
Management plans to share recent developments demonstrating the
platform’s capabilities to create large collections of novel monoclonal
antibodies against transmembrane protein targets, including GPCRs. The
company believes that these transmembrane protein targets represent a
large potential market opportunity - approximately one third of all
currently pursued drug targets. The data will include results from
initial targets that include CXCR4 and CD-20. These data show that the
company’s proprietary technology created large collections of highly
diverse monoclonal antibodies, as indicated by both sequence diversity
and epitope mapping data, that are functionally active.
“We have recently made substantial progress in creating datasets on
large numbers of monoclonal antibodies that demonstrate the strengths of
our advanced GAT platform,” commented Dr. Lindpaintner. “Given that
creating monoclonal antibodies against GPCRs and other membrane
receptors has long been an area of unmet need in the pharma-biotech
industry, we believe that these antibody capabilities may offer a large
market opportunity for SDIX. Moreover, our platform’s ability to target
a broader spectrum of a protein’s epitopes, not just the immunodominant
ones, gives us added confidence in advanced GAT’s value proposition.”
Fran DiNuzzo, CEO, added, “We are excited to share our data with
potential partners and to discuss the progress in our advanced GAT
platform. In addition, we will be showcasing some of our currently
available monoclonal antibody collections, such as those around CXCR4
and CD-20 targets, which are currently available for licensing to
interested parties. For both targets, we have lead collections of 75 or
more molecules. We believe these monoclonal antibody collections may
represent differentiated biotherapeutic candidates for biopharma
companies.”
About SDIX (www.sdix.com)
SDIX is a biotechnology company with a core expertise in creating better
antigens, better antibodies and better assays for the pharmaceutical,
biotechnology and food safety markets. For over 20 years, SDIX has been
a leading immuno-solutions company, developing results-oriented and
innovative antibody-based solutions that enable customers to meet high
performance research, diagnostic and commercialization objectives.
In the life science market, SDIX’s technology and capabilities are being
used to help discover disease mechanisms, facilitate development of new
drugs and provide antibodies and assays for the diagnosis of disease. In
the food safety market, SDIX continues to expand its footprint as an
international supplier of rapid pathogen test technologies that enable
more accurate and cost-effective results.
This news release may contain forward-looking statements reflecting
SDIX's current expectations. When used in this press release, words like
“anticipate”, “could”, “enable”, “estimate”, “intend”, “expect”,
“believe”, “can”, “potential”, “will”, “should”, “project”, “plan” and
similar expressions as they relate to SDIX are intended to identify said
forward-looking statements. Investors are cautioned that all
forward-looking statements involve risks and uncertainties, which may
cause actual results to differ from those anticipated by SDIX at this
time. Such risks and uncertainties include, without limitation, changes
in demand for products, the application of our technologies to various
uses, delays in product development, delays in market acceptance of new
products, retention of customers and employees, adequate supply of raw
materials, inability to obtain or delays in obtaining fourth party, or
required government approvals, the ability to meet increased market
demand, competition, protection of intellectual property,
non-infringement of intellectual property, seasonality, and other
factors more fully described in SDIX's public filings with the U.S.
Securities and Exchange Commission.
