NEW YORK, February 14, 2017 /PRNewswire/ --
According to a report by Grand View Research, Inc. the global biotechnology market size is expected to reach USD 604.40 billion by 2020. This is due to increasing demand for sophisticated biotech based diagnostic and
therapeutic solutions. For example, recombinant technology, red biotechnology, DNA sequencing and many more are expected to serve
as a high impact rendering driver during the forecasted period. An emphasis is put on the importance of the presence of
government funded institutions such as the NBTB (National Biotechnology Board) and DBT (Department of Biotechnology) which are
carrying out R&D and product development exercises pertaining to this field. Funding and scientific updates rendered by these
institutions are likely to boost market growth over the forecast period. Mount Tam Biotechnologies, Inc. (OTC: MNTM), Elite
Pharmaceuticals Inc. (OTC: ELTP), CytoDyn Inc. (OTC: CYDY), Arch Therapeutics Inc. (OTC: ARTH), Pharmacyte Biotech Inc. (OTC:
PMCB)
The research indicates that the "Bioservices market is expected to witness the fastest growth over forecast period owing to,
the rising clinical research activities undertaken by various pharmaceutical and biotechnological organizations. In addition, the
rising demand for cost cutting, implementation of stringent government regulations and increasing complexity of biotechnological
processes are some key drivers of this segment."
Mount Tam Biotechnologies, Inc. (OTC: MNTM) was established to develop, optimize and bring to market novel
pharmaceutical products to improve the health and well-being of patients suffering from a range of serious disease states where
there is significant unmet need. Mount Tam is focused on the discovery and development of novel mTOR inhibitors, with specific
emphasis to increase levels of mTORC1 inhibition relative to levels of mTORC2 inhibition.
Yesterday, Mount Tam Biotechnologies announced, "that it will advance a novel 'rapalog', TAM-03, for further development
efforts with the ultimate goal of moving TAM-03 into the clinic to treat certain advanced cancers for which current therapies are
inadequate. TAM-03 delivers a differentiated mTORC1:2 profile, one that is desirable for treating certain cancers.
"We are excited to bring this compound forward and to begin testing it against a range of cancer types in both in-vitro
and in-vivo pre-clinical studies. Unmet need remains high across a range of cancer types, and a compound like TAM-03 has
significant potential to help patients," says Tim Powers, PhD, Chief Scientific Officer of Mount
Tam Biotechnologies.
"Rapalogs have been proven effective in treating a range of cancers including advanced renal cell carcinoma, progressive
neuroendocrine tumors of pancreatic origin and select breast cancers, amongst others. By aiming to improve upon this well
understood approach to cancer therapy, we hope to bring a promising therapeutic option into the clinic for these patients," says
Mount Tam CEO Richard Marshak.
Elite Pharmaceuticals Inc. (OTCQB: ELTP) is a specialty pharmaceutical company that is developing a pipeline of
proprietary pharmacological abuse-deterrent opioid products as well as niche generic products. Elite specializes in oral
sustained and controlled release drug products which have high barriers to entry. Elite currently has eight commercial products
being sold, additional approved products pending manufacturing site transfer and the NDA for SequestOx™, for which it received
the CRL from the FDA. Its leading pipeline products include abuse-deterrent opioids which utilize the Company's patented
proprietary technology and a once-daily opioid. These products include sustained release oral formulations of opioids for the
treatment of chronic pain.
Biotechnology company, CytoDyn Inc. (OTCQB: CYDY) is focused on the clinical development and potential
commercialization of humanized monoclonal antibodies for the treatment and prevention of HIV infection. The Company has one of
the leading monoclonal antibodies under development for HIV infection, PRO 140, which has completed Phase 2 clinical trials with
demonstrated antiviral activity in man and is currently in Phase 3. PRO 140 blocks the HIV co-receptor CCR5 on T cells, which
prevents viral entry. Clinical trial results thus far indicate that PRO 140 does not negatively affect the normal immune
functions that are mediated by CCR5. Results from seven Phase 1 and Phase 2 human clinical trials have shown that PRO 140 can
significantly reduce viral burden in people infected with HIV. A recent Phase 2b clinical trial demonstrated that PRO 140 can
prevent viral escape in patients during several months of interruption from conventional drug therapy.
Developer of novel liquid, gel and solid hemostatic and wound care devices, Arch Therapeutics Inc. (OTCQB: ARTH)
announced that its U.S. Patent and Trademark Office has issued a broad method-of-use patent for products that contain
self-assembling peptidomimetics. The patent is assigned to the Massachusetts Institute of Technology
and Versitech Limited and is licensed exclusively to Arch. Arch is developing products that contain self-assembling materials,
such as the AC5™ family of devices, that may provide faster, safer and improved solutions for surgical, wound and interventional
care. Arch anticipates that this patent will provide further value and opportunities for its pipeline.
Clinical stage biotechnology company, Pharmacyte Biotech Inc. (OTCQB: PMCB) focuses on developing targeted treatments
for cancer and diabetes using its signature live-cell encapsulation technology, Cell-in-a-Box®, discussed the comparator arm for
its upcoming clinical trial and provided additional clarification on its recent pre-IND meeting with the U.S. Food and Drug
Administration regarding its upcoming clinical trial in locally advanced, inoperable pancreatic cancer. "After our pre-IND
meeting I am more confident and enthusiastic than ever about PharmaCyte's ability to validate its therapy for locally advanced,
inoperable pancreatic cancer in a human clinical trial," said Kenneth L Waggoner, CEO of PharmaCyte.
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