Quest PharmaTech and BC Cancer Agency to Develop Immuno Photodynamic Therapies for L...(vincialHealth Services Authority is reno...)

Date:1/28/2008

vincial Health Services Authority, is renowned world wide for leading edge research and its population-based approach to cancer care. The mission of the BCCA is to reduce the incidence of cancer; to reduce the mortality rate of people with cancer; and to improve the quality of life of people living with cancer. With more than 2000 employees, the BCCA provides a comprehensive cancer control program for the people of British Columbia which links prevention, early detection, diagnosis and treatment, supportive care, rehabilitation, palliative care, education, research, and support for community programs. In recognition that its provincial mandate to effect cancer control for the province cannot be realized via current methods of cancer treatment that are aimed at treatment of late stage disease, the BCCA has placed emphasis upon translational research to spearhead new modalities in cancer control, particularly those aimed at early detection and more effective therapeutic interventions.

About Quest PharmaTech Inc: Quest PharmaTech Inc. is a publicly traded (TSX Venture Exchange: QPT), Alberta-based pharmaceutical company committed to build shareholder value through discovery, development and commercialization of new pharmaceutical products. It is developing a series of products for the treatment of cancer and dermatological conditions based on its unique photodynamic and sonodynamic therapy platform. The Company's lead dermatology product, SL017, is a topical formulation that is currently undergoing a 90 patient clinical trial in Canada for hair removal applications. The Company's lead oncology product, SL052, is scheduled to enter a Phase I clinical trial during the second half of 2008. Quest recently signed an agreement with a multinational technology development company to receive $3,000,000 to develop oncology products based on its SonoLight technology.

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