Navigation Links
Champions Oncology Clarifies Misstatements in News Article
Date:7/18/2011

BALTIMORE, July 18, 2011 /PRNewswire/ -- Champions Oncology, Inc., formerly Champions Biotechnology, Inc. (OTC: CSBR) released the following statement to correct errors which recently appeared in Hebrew in the Israeli biotechnology business press and which came to the Company's attention on July 16, 2011:

"Recently, a Hebrew language business news service reported that Champions has agreed to create a subsidiary which will be used by Champions for the development of a drug compound that we have in-licensed.  Contrary to this news report, the Company has not made any final determination with respect to the future development of this drug compound."

As the Company stated in our Annual Report on Form 10-K for our fiscal year ended April 30, 2011 (filed on July 15, 2011):

Historically, our strategy was to use our technology platform to identify promising compounds that could be in-licensed during the preclinical phase.  The strategy was to invest in the clinical development of these compounds and then seek a partner that would bring them to market in exchange for some combination of upfront payments, milestone payments and royalties on sales.  Since 2007, the company pursued this strategy with four compounds.  All four of these compounds were subjected to Tumorgraft testing, and the results of one of the compounds warranted further investment.  During 2011, we changed our strategy and no longer intend to in-license additional compounds.  We have refocused the Company on developing advanced technologies to personalize the development and use of oncology drugs.  We intend to continue the development of the compound which warranted further investment and we are seeking a partner to finance the future development of the product.

We are working to assess potential financing alternatives for developing this compound, including the appropriate structure and valuation.  We do not yet have the information nee
'/>"/>

SOURCE Champions Oncology, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. Champions Oncology Reports Full Year 2011 Financial Results
2. Champions Oncology (formerly Champions Biotechnology) Completes $9.4 Million Financing
3. Champions Biotechnology Changes Name to Champions Oncology
4. Champions Announces Technology Collaboration Utilizing Champions Tumorgraft™ Technology Platform for Oncology Drug Development
5. Champions Biotechnology Reports Fiscal 2011 Third Quarter Financial Results
6. Champions Biotechnology Reports Additions to its Management Team
7. Champions Biotechnology Reports Fiscal 2011 First Quarter Financial Results
8. Champions Biotechnology Reports Fiscal 2010 Third Quarter Financial Results
9. Champions Biotechnology Enters into Licensing Agreement with Yale University and Southern Research Institute for the Repurposing of Bithionol for Oncology
10. Champions Biotechnology to Present Data at AACR-EORTC 2009 Regarding the Predictability of Biomerk Tumorgraft(TM) Platform to Guide Personalized Cancer Treatment and Accelerate Oncology Drug Development
11. Champions Biotechnology Expands Collaboration to Test Oncology Therapeutic in Biomerk Tumorgrafts(TM)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/15/2014)... 15, 2014  Bill Jacobs Automotive, a group of car dealerships ... with the Heartland Blood Center and offering free oil change ... takes place Saturday, Jan. 18 at the Bill Jacobs Cadillac ... (Photo: http://photos.prnewswire.com/prnh/20140115/MN46637 )  The Bill ...
(Date:1/15/2014)... SAN JOSE, California , January 15, 2014 ... conjugates for cancer, today announced the appointment of Thomas C ... has over 20 years, development experience gained in the biotechnology ... "I am delighted to welcome Tom at this ...
(Date:1/15/2014)... January 15, 2014 Two champions of ... their sponsorship of an annual competition for middle and ... access to, innovative STEM study. The competition presents students ... Tests of Engineering Aptitude, Mathematics, and Sciences is ...
(Date:1/15/2014)... 15, 2014 AudioNotch is the internet's ... for the treatment of tinnitus. Patients listen to sound ... over a period of weeks to months, their tinnitus volume ... two forms: Notched Music and Notched White Noise. Now, AudioNotch ...
Breaking Biology Technology:Join the Bill Jacobs Auto blood drive and receive a free oil change 2Oxford BioTherapeutics Appoints Thomas C Reynolds MD, PhD to its Board of Directors 2Oxford BioTherapeutics Appoints Thomas C Reynolds MD, PhD to its Board of Directors 3Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 2Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 3Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 4Technology Student Association Partners with Leaders in STEM Education Advocacy for Annual Competition 5
... (Nasdaq: ITMN ) today announced the issuance of ... covers the ITMN-191 (R7227) compound. The nominal 20-year patent ... inhibitor of the hepatitis C virus (HCV) NS3/4A protease. ... said, "We are pleased to announce that this new patent, ...
... Human Genome Sciences, Inc. (Nasdaq: HGSI ... call to discuss its financial results for the year ... to be disclosed on Thursday, February 26, 2009, after ... conference call will be hosted by senior management and ...
... Advanced cholesterol test helps usher in new era of ... For the Pittsburgh Steelers, ... given them the boost to win Super Bowl XLIII. ... oils dramatically improve cholesterol levels in professional football players. ...
Cached Biology Technology:InterMune Announces Issuance of U.S. Patent for ITMN-191 2InterMune Announces Issuance of U.S. Patent for ITMN-191 3Human Genome Sciences to Sponsor Conference Call to Discuss Full Year 2008 Financial Results 2VAP Test Demonstrates Value of Fish Oil in Reducing Heart Risk for Super Bowl Champs 2VAP Test Demonstrates Value of Fish Oil in Reducing Heart Risk for Super Bowl Champs 3
(Date:7/9/2014)... species may be able to cope with the rising salinity ... The Arctic today is best known for its tundra and ... 53 to 38 million years ago during what is known ... a huge temperate forest with brackish water, home to a ... crocodiles and giant tortoises. Much of what is known about ...
(Date:7/9/2014)... on the verge of an economy driven by methane, the ... and is undergoing a production boom. It has poised the ... is casting serious doubts over just how climate-friendly it is, ... (C&EN), the weekly news magazine of the American Chemical ... at C&EN, explains that when burned as a fuel to ...
(Date:7/9/2014)... N-methyl-D-aspartate receptor antagonists can alleviate the symptoms ... irreversible cognitive dysfunction and effectively scavenge amyloid ... peptide (Aβ) vaccines reduced and eliminated Aβ ... mouse model, and significantly improved behavioral and ... team, First Affiliated Hospital of China Medical ...
Breaking Biology News(10 mins):Shark teeth analysis provides detailed new look at Arctic climate change 2Shark teeth analysis provides detailed new look at Arctic climate change 3
... break down plant biomass into the precursors of biodiesel or ... alternatives to petroleum. But the potential of this "biorefinery" technology ... down lignin, a highly stable polymer that makes up as ... bacteria are among few microorganisms known to degrade and ...
... early step toward new treatments for people with osteoporosis, scientists ... can help male mice produce healthier bones. Interestingly, the ... in the Journal of Cellular Physiology . "We ... though it,s unclear exactly why," said lead author Laura McCabe, ...
... release is available in Arabic , French, ... . Pharmaceutical drugs that end up in the ... plants may lead to unexpected ecological impacts, according to a new ... University in Sweden discovered that the fish ate faster, became bolder ...
Cached Biology News:A microbial biorefinery provides new insight into how bacteria regulate genes 2A microbial biorefinery provides new insight into how bacteria regulate genes 3Building healthy bones takes guts 2Mood-modifying drugs for humans also alter fish behavior 2Mood-modifying drugs for humans also alter fish behavior 3
... gasket slides/kit Gasket slide kit (1x 22K ... or Gasket slide kit ... disposable gasket slides offered in either 11K or 22K ... The gaskets are carefully fabricated and batch tested ...
... This CLS number is ... to easily match Cornings product ... yet, please order under the ... contact customer service for assistance. ...
... description: self locking design in ice/water ... new product number, created to easily ... no availability yet, please order under ... contact customer service for assistance. ID ...
... Oligo Microarray Kit (V2), 2 x ... characterize expression of many thousands of ... during important biological processes. Each microarray ... known ORFs from the S288C strain ...
Biology Products: