SEATTLE, WA--(Marketwired - Jan 9, 2017) - Atossa Genetics Inc. (NASDAQ: ATOS) today announced that it is transferring the
site of its Phase 2 study of fulvestrant administered with its patented microcatheters in patients with ductal carcinoma in situ
or breast cancer who are scheduled for lumpectomy or mastectomy. The study was initiated at Columbia University Medical
Center Breast Cancer Programs (New York) and is now being transferred to Montefiore Medical Center in New York. This move
comes about as the principal investigator, Dr. Sheldon M. Feldman, M.D., has relocated to Montefiore and is now Chief, Division
of Breast Surgery & Breast Surgical Oncology, Director, Breast Cancer Services, and Professor, Department of Surgery, at the
Montefiore Medical Center, The University Hospital for the Albert Einstein College of Medicine, Montefiore Einstein Center for
Cancer Care.
Montefiore Health System consists of eleven hospitals; a primary and specialty care network of more than 180 locations across
Westchester County, the lower Hudson Valley and the Bronx; an extended care facility; the Montefiore School of Nursing, and the
Albert Einstein College of Medicine.
Dr. Steve Quay, President and CEO, commented, "We look forward to continuing our Phase 2 study at Montefiore, which is a
nationally-ranked, top hospital. Although enrollment in the study has been slower than we expected, particularly as the study
site is being moved, we expect that Montefiore's large hospital system and leading breast cancer care center will facilitate
faster enrollment, which we now anticipate completing by August 2017."
About Atossa Genetics
Atossa Genetics Inc., is a clinical-stage pharmaceutical company developing novel therapeutics and delivery methods to treat
breast cancer and other breast conditions. For more information, please visit www.atossagenetics.com.
Forward-Looking Statements
Forward-looking statements in this press release, which Atossa undertakes no obligation to update, are subject to risks and
uncertainties that may cause actual results to differ materially from the anticipated or estimated future results, including the
risks and uncertainties associated with actions and inactions by the FDA, the outcome or timing of regulatory approvals needed by
Atossa, lower than anticipated rate of patient enrollment, results of clinical studies, the safety and efficacy of Atossa's
products and services, performance of clinical research organizations and investigators, obstacles resulting from proprietary
rights held by others with respect to fulvestrant, such as patent rights, and other risks detailed from time to time in Atossa's
filings with the Securities and Exchange Commission, including without limitation its periodic reports on Form 10-K and 10-Q,
each as amended and supplemented from time to time.