Navigation Links
Canadian Bio Med Attacks World's Leading Cause of Blindness
Date:6/30/2009

NEW YORK, MONTREAL and SAN DIEGO, CA, June 30 /PRNewswire-FirstCall/ - Canadian Bio Med Systems Inc., a subsidiary of ICBS Ltd., (OTCPK: ICBT), and Ocular Therapeutics Inc. of San Diego California, announced the development of a new AMD drug now being tested by Canadian Bio Med Systems, Inc. (CBMS).

Age-Related Macular Degeneration (AMD) is the leading cause of blindness, worldwide, for people over 55 years of age. The incidence of AMD in persons aged 55 is 1% and increases to 15% for persons aged 80. This debilitating disease has proven to be difficult to treat and only a very few drugs have been developed which have positive effects.

The drug under development by Canadian Bio Med Systems, has a very different mode of action than the current therapeutic products. It can be used alone or in conjunction with these currently available products.

The product under development by CBMS, LD22-4 has the advantage of being a very small molecule meaning that fewer treatments will be needed compared to current therapies, This will help reduce the pain and frequency of injection to the patient and potentially the cost of the treatment.

Canadian Bio Med is developing the new product in Quebec in conjunction with its partner, Ocular Therapeutics Inc. of San Diego, California. The drug is moving toward human clinical trials in Canada and the United States next year.

The market for products treating AMD has been estimated at over $750 million annually and growing at a rate of over 10% yearly as the population ages.

NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.


'/>"/>
SOURCE Inter Canadian Business Service
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Live Broadcast of Drug Rehab Graduation at Canadian Narconon
2. Purolator USA Offers Canadian Customs Expertise for Medical Device Exports
3. Streamline Health Document Workflow Solution to be Integrated Into Electronic Medical Records System for Leading Canadian Healthcare Region
4. iUniverse Hosts Canadian Storytellers, Cystic Fibrosis Awareness Advocate for BookExpo America 2009 Book Signings
5. Sharing surgical lessons from the Canadian field hospital in Afghanistan
6. Legal loophole exposes Canadians to drug advertising banned in US: UBC research
7. Canadian men reluctant to consult mental health services
8. Government of Canada supports research to improve the health of future generations of Canadians
9. Yes, the grass IS greener: Why Canadian nurses go -- and stay -- in the USA
10. Florida Congresswoman Sends to Every Member of Senate Canadian-born U.S. Citizens Prescription for Health Care Reform
11. Canadian Medical Device Set to Speed Treatment and Cut Health Care Costs for Common Cause of Vertigo
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... ... February 11, 2016 , ... Hall Integrative Health and ... for their simultaneous grand openings in March. All seven practices are set to ... wondering, is reversing diabetes possible? According to this 2011 CNN article it is ...
(Date:2/11/2016)... (PRWEB) , ... February 11, 2016 , ... ... an unparalleled clinical decision support technology, with highly adaptable algorithms, has been updated ... a patient has signs and symptoms consistent with Zikas and a travel history ...
(Date:2/11/2016)... FL (PRWEB) , ... February 11, 2016 , ... ... the commencement of a master charity program created to assist the people of ... days, working closely with nonprofit organizations and community leaders. Their hope is to ...
(Date:2/11/2016)... ... 11, 2016 , ... Dickinson Insurance & Financial Services continues their commitment to ... support of a local boy named Barrett, who has been fighting ALL leukemia for ... rally support for, all local families dealing with childhood cancer. Information on how to ...
(Date:2/11/2016)... ... February 11, 2016 , ... ... ergoFET force gauges used in physical therapy, occupational therapy and sports medicine clinics, ... resistance cord exercise and therapy, introduces its new microFET Digital Pinch Gauge. ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... ALEX , has taken Kickstarter by storm, crowdfunding over $60,000 – or 120% of its original funding ... be delivered to backers starting May of this year. ... ... ... Created by NAMU, a team of biomedical engineers out of South ...
(Date:2/11/2016)... DUBLIN, February 11, 2016 Transformational M&A ... with Baxalta   --> Transformational M&A achieved through ...   --> Transformational M&A achieved through NPS ... Positioned for future growth with most robust pipeline ... Positioned for future growth with most robust pipeline in ...
(Date:2/11/2016)... 2016 Brain Cancer patients in ... at West Cancer Center . Optune™, ... inhibit cancer cell replication causing death of cancer cells, ... decade to show a significant extension in overall survival ... Currently, West Cancer Center is the only medical center ...
Breaking Medicine Technology: