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ProMetic to obtain controlling stake in Pathogen Removal and Diagnostic Technologies Inc.
Date:4/9/2008

point of commercialization," commented Dr. Peter Edwardson, Vice President of Medical Technologies at ProMetic's UK division. "The P-Capt(R) prion reduction filter, in addition to the use of the prion capture affinity resin for biopharmaceutical use, has moved from an R&D focus to a commercial focus."

According to Dr. Steve Burton, Chief Executive Officer of ProMetic's UK division, "PRDT is uniquely positioned to capitalize on the growing market for prion removal. Corporate control moving from ARC to ProMetic will allow the business to be driven forward in a highly commercial fashion, allowing the full potential to be earned from the technology."

About Variant Creutzfeldt-Jakob Disease

Variant Creutzfeldt-Jakob disease ("vCJD") is a fatal central nervous system disorder which incubates without symptoms for ten years or more before beginning an inexorable clinical progression to death over a 6 to 24 months period. vCJD first appeared in 1996 following a massive exposure of the UK population to BSE contaminated meat and other bovine products during the previous decade. So far, most of the infections have occurred in children and young adults who accumulate characteristic depositions of misfolded prion proteins in their brains and other nervous tissues. The death of neurons gives a sponge-like appearance to the brain. Even though the first wave of vCJD cases has peaked, scientists remain concerned that other peaks will follow. This is because the first cases were from a single genetic subgroup of the prion protein that appears to have a shorter incubation time than other prion genotypes. Infections in these other genotypes may still be incubating. A survey of surgically removed tissues analyzed for abnormal prion protein estimated a minimum of 3,800 asymptomatic vCJD carriers in the UK. The number could be much larger. vCJD carriers appear normal and donate blood with the same frequency as the general population. So far there have been four recogni
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SOURCE PROMETIC LIFE SCIENCES INC.
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