NEW YORK, November 14, 2017 /PRNewswire/ --
Q BioMed Inc. (OTCQB: QBIO) congratulates our collaborative research partner and licensor, Mannin Research Inc., on receiving
R&D funding from the National Research Council of Canada Industrial Research Assistance Program
(NRC IRAP) to initiate work on a Tie2-activating biologic for the treatment of glaucoma. Q BioMed has licensed the Mannin Tie2
technology, and is collaboratively developing the Tie2 platform for glaucoma, and other indications. This new biologic would be
an additional product to the Mannin Tie2 pipeline.
Mannin's new biologic therapeutic was developed by Mannin's CSO, Dr. Susan Quaggin and her
laboratory. The biologic has the potential to treat several additional, vascular related diseases, such as acute kidney injury,
and cardiorenal syndrome. "As our understanding about the Angiopoietin-Tie2 system grows, I am very excited about the clinical
therapeutic possibilities," said Dr. Quaggin.
In the project, Mannin research will conduct a proof-of-concept study to determine the efficacy of its novel, specific, and
potent biologic therapeutic. The research is supported by the NRC IRAP and will assist in Mannin developing additional research
capacity within Mannin.
The impact of novel therapeutics developed by Mannin has direct benefits to Canadian glaucoma patients and those suffering
with glaucoma around the world. There is an acute need for better therapeutic solutions for the hundreds of thousands of people
suffering from glaucoma and those yet to be diagnosed. The number of potential patients in this therapeutic area demanding better
treatments make this a multi-billion-dollar opportunity.
It is anticipated, success in the biologic proof-of-concept project will enable Mannin to add to its R&D pipeline.
Development of the MAN-01 small molecule for the treatment of primary open-angle glaucoma continues on-pace and is now at a point
where the most active candidates will be selected for final testing and optimization as a soluble, topical eye drop that
permeates well into the eye. It is anticipated that pre-clinical IND enabling studies will begin in Q2 2018.
About Mannin Inc.
Mannin Research Inc is utilizing a proprietary research platform, this technology is addressing the need for a new class of
drugs to treat various vascular diseases. Our lead indication is for a First-In-Class therapeutic eye drop for the treatment of
Primary Open Angle Glaucoma. Mannin is developing a unique molecule in the form of an easy to administer eye drop designed to
repair the normal flow of fluid in the eye resulting in the reduction of intra-ocular eye pressure (IOP), one of the main causes
of Glaucoma. Mannin is the only company targeting this method of action. Mannin has a deep pipeline of novel therapeutics that
can be developed from this research platform, which would treat a spectrum of vascular diseases including Cystic Kidney Disease,
Pediatric Glaucoma, Cardiovascular Disease and Inflammation.
About Q BioMed Inc.
Q BioMed Inc. "Q" is a biomedical acceleration and development company. We are focused on licensing and acquiring undervalued
biomedical assets in the healthcare sector. Q is dedicated to providing these target assets; strategic resources, developmental
support, and expansion capital to ensure they meet their developmental potential, enabling them to provide products to patients
in need.
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating
to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect
our business, operating results, financial condition and stock price. Factors that could cause actual results to differ
materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of research
and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and
relationships; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability
to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial
additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described
in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any
forward looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or
circumstances on which any such statement is based, except as required by law.
Contact:
Denis Corin
CEO
Q BioMed Inc.
+1-888-357-2435
SOURCE Q BioMed Inc.