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Foundation Venture Capital Group Commits Second Round of Funding to Actinobac Biomed
Date:2/21/2013

NEW BRUNSWICK, N.J., Feb. 21, 2013 /PRNewswire-USNewswire/ -- Actinobac Biomed, Inc., has received a commitment for a second investment of $100,000 from Foundation Venture Capital Group (FVCG) to  study the efficacy of the company's lead product, Leukothera®, in  the treatment of  veterinary white blood cell diseases , announced Dr. George F. Heinrich , vice chair and CEO of FVCG.

FVCG had originally invested $500,000 when Actinobac was first established in 2009 to develop pharmaceutical agents for the treatment of hematologic malignancies (leukemias & lymphomas), latent infections (HIV/AIDS & tuberculosis) and autoimmune diseases (rheumatoid arthritis, multiple sclerosis, Crohn's disease, type 1 diabetes, Lupus & psoriasis).

Leukothera® is a bacterial toxin that specifically targets and depletes disease related white blood cells (WBC). In laboratory studies to date, malignant and proinflammatory white blood cells have been determined to be more sensitive to Leukothera® than normal white blood cells. Animal studies carried out by Actinobac have shown Leukothera™ to possess significant therapeutic activity.

"We are contracting with Texas A&M Veterinary School to examine the use of Leukothera® for dogs suffering with white blood cell diseases," explained company founder Dr. Scott Kachlany.  "Because of biological similarities, the data we obtain from these new studies will be applicable to dogs and support drug development for human applications also."

The latest $100,000 investment will fund proof of concept studies. According to Dr. Kachlany, early results indicate that Actinobac's drug candidate works very well in healthy dogs, using lower doses than previously expected.

"We are excited about Dr. Kachlany's results to date," explained James M. Gol
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SOURCE New Jersey Health Foundation
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