AwardResverlogix Receives Excellence in Technology Award
Pioneering therapeutic approach for cardiovascular disease is celebrated
CALGARY, ALBERTA, Aug 14, 2007 (MARKET WIRE via COMTEX News Network) --
Resverlogix Corp. ("Resverlogix") (TSX: RVX) is pleased to announce that is has just learned that it has been awarded the 2007 North American Excellence in Technology of the Year Award by Frost & Sullivan.
"We are honored to be recognized by Frost & Sullivan for our novel therapy for cardiovascular diseases," stated Mr. Donald McCaffrey, President & CEO of Resverlogix. "This award affirms that the enhancement of HDL/ApoA-I for the reduction of atherosclerosis is an important new class of drugs for the global medical market."
"Resverlogix NexVas(TM) PR technology for the treatment of atherosclerosis is a best-in-class technology for therapeutic drug development. The enhancement of ApoA-l has the potential to revolutionize how cardiovascular diseases are treated in the future," said Sangeetha Prabakar, Research Analyst for Frost & Sullivan.
Frost & Sullivan's Excellence in Technology of the Year Award is bestowed upon the company that has pioneered the development and introduction of an innovative technology into the market; a technology that has either impacted or has the potential to impact several market sectors. This award recognizes a company's successful technology development that is expected to bring significant contributions to the industry in terms of adoption, change, and competitive posture. It also recognizes the overall technical excellence of a company and its commitment towards technology innovation.
About Frost & Sullivan
Frost & Sullivan is a leading global growth consulting company that has been working with companies in the development of innovation for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.awards.frost.com.
About Resverlogix Corp.
Resverlogix Corp. is a leading biotechnology company engaged in the development of novel therapies for important global medical markets with significant unmet needs. The NexVas(TM) program is the Company's primary focus is to develop novel small molecules that enhance ApoA-l. These vital therapies address the grievous burden of atherosclerosis and other important diseases such as acute coronary syndrome, diabetes, Alzheimer's and other vascular disorders. The Company's secondary focus is TGF-Beta Shield(TM), a program that aims to address burgeoning grievous diseases, such as cancer and fibrosis. Resverlogix Corp. trades on the Toronto Stock Exchange (TSX: RVX). For further information please visit www.resverlogix.com.
This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Resverlogix Corp. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Contacts:
Resverlogix Corp.
Theresa Kennedy
VP, Corporate Communications
(604) 538-7072
(403) 256-8495 (FAX)
Email: Theresa@resverlogix.com
Resverlogix Corp.
Kenneth Lebioda
SVP, Business & Market Development
(403) 254-9252
(403) 256-8495 (FAX)
Email: Ken@resverlogix.com
Website: www.resverlogix.com
SOURCE: Resverlogix Corp.
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