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Lab21 Ltd to Provide AdnaGen’s System for CTCs in the United Kingdom and Ireland |
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Cambridge, United Kingdom, Langenhagen, Germany, and San Antonio, Texas – August 10, 2009 – Lab21 Ltd and AdnaGen AG announced today that they have entered into an exclusive service and distribution agreement for AdnaGen’s proprietary CE-certified circulating tumor cell diagnostic assays in the United Kingdom and Ireland. These tests are based on the capture of circulating tumor cells (CTCs) from blood and subsequent detection of tumor-associated biomarkers. |
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OVIT Announces Collaboration with MDACC on AdnaGen CTC Assay Development |
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San Antonio, TX, --- July 23, 2009 – OncoVista Innovative Therapies, Inc. (“OncoVista”) (OTC BB: OVIT.OB) and AdnaGen AG announced that The University of Texas M. D. Anderson Cancer Center will collaborate on clinical studies of AdnaGen’s molecular based CTC technology in Women with High-Risk Locally Advanced Breast Cancer (LABC) that have completed Neoadjuvant and Local Therapy. |
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AndaGen AG Completes Successful Financial Restructuring |
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Eliminates over four million Euros in debt from balance sheet San Antonio, Texas and Hanover, Germany - May 4, 2009 - AdnaGen AG announced today the completion of its debt restructuring efforts. AdnaGen AG, developer and marketer of blood test diagnostics kits for the identification and molecular analysis of circulating tumor cells, substantially reduced its debt by exchanging €4.2 million of debt and related accrued interest for equity. This event is a significant milestone in completing the financial turn-around and corporate renewal for AdnaGen. OncoVista, Inc., AdnaGen’s 95% majority shareholder, together with financial investors Technologie-Beteiligungs-Gesellschaft mbH, Mittelstandische Beteilgungsgesellschaft Niedersachsen and Biomed Venture GmbH joined forces to position AdnaGen with the ability to secure additional financing to support the Company’s growth strategy |
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CTRC and OncoVista Announce Initiation of Collaboration on Clinical Development of OVI-117 |
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Cancer Therapy & Research Center at The University of Texas Health Science Center and OncoVista Innovative Therapies, Inc. Announce the Initiation of Collaboration on the Clinical Development of OVI-117 San Antonio, TX, --- April 7, 2009 – OncoVista Innovative Therapies, Inc. (“OncoVista”) (OTC BB: OVIT.OB) and the Cancer Therapy & Research Center at The University of Texas Health Science Center in San Antonio, (CTRC at UTHSCSA) announced that the CTRC’s Institute for Drug Development will collaborate on early phase studies of OncoVista’s OVI-117, an L-nucleoside conjugate of 5-fluorodeoxyuridine monophosphate (FdUMP), an analog of 5-FU, in various solid tumor cancer indications. This work is in addition to a Phase I/II Study of Cordycepin plus Pentostatin in Patients with Refractory TdT-Positive Leukemia, sponsored by OncoVista that is currently underway at the CTRC. |
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