NOVATO, CA , Feb. 22, 2018 (GLOBE NEWSWIRE) -- Mount Tam Biotechnologies, Inc. ("Mount Tam") (OTC
PINK: MNTM), a company focused on the discovery and development of novel mTOR inhibitors, is pleased to announce the European
Patent Office has granted a key patent for its lead compound TAM-01. This patent claims TAM-01 composition of matter, uses for the
treatment of lupus or multiple sclerosis, and processes for preparing TAM-01. The patent, published as EP2797929, is owned by
The Buck Institute for Research on Aging and licensed exclusively to Mount Tam, further strengthening Mount Tam's strong
intellectual property position relating to TAM-01 in the United States and Japan.
“This is another important step forward for Mount Tam, one that significantly expands both our market
opportunities globally and our strategic partnering opportunities” said Mount Tam CEO Richard Marshak.
About Mount Tam Biotechnologies, Inc.
Mount Tam Biotechnologies 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 on developing compounds with
unique mTORC1:mTORC2 inhibitory profiles. Mount Tam believes it has an industry leadership position in developing therapeutic
products which address aberrations in the mTOR pathway, and is confident that both TAM-01 and TAM-03 are significantly
differentiated from currently marketed rapalogs and have the potential to bring significant benefits to patients.
Mount Tam has partnered with the world-renowned Buck Institute for Research on Aging through a worldwide exclusive licensing and
collaboration agreement. The licensed assets are highly target-specific polyketides. Mount Tam is advancing its lead asset,
TAM-01, toward an Investigational New Drug (IND) application with the FDA and has largely completed non-GLP pre-clinical
development. The lead indication for TAM-01 is expected to be the treatment of SLE. Mount Tam is also advancing follow-on
compounds through the discovery process and is looking at a broad range of disease areas where novel mTOR inhibitors have been
shown to have the potential to address unmet need.
For more information visit www.MountTamBiotech.com
Forward-Looking Statements:
The information disclosed in this press release is made as of the date hereof and reflects Mount Tam’s most current assessment
of its historical position and financial performance. Actual results may differ from those contained herein due to factors outside
of the control of Mount Tam. Additionally, this press release may contain certain forward-looking statements and information, as
defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and
is subject to the Safe Harbor created by those sections.
These forward-looking statements are not guarantees of future performance and are subject to uncertainties and
other factors that could cause actual results to differ materially from those expressed in the forward-looking statements
including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and
other factors Mount Tam identifies from time to time in its filings with the SEC. Forward-looking statements are identified by
wording such as "scheduled (future sense)", "intend(s)", "plan(s)", "expect(s)", "believe(s)", "will", "estimate(s)",
"anticipate(s)", "expect(s)", "may", "would", "could" or "should" or, in each case, the negative thereof, other variations thereon,
or comparable terminology that implies anticipated future performance, timing of an IND application, or the results of any such
application. Although Mount Tam believes that the assumptions on which these forward-looking statements are based are
reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those
assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking
statements contained in this release are made as of the date hereof, and Mount Tam disclaims any intention or obligation to update
the forward-looking statements for subsequent events.
Company Contact: Jim Stapleton Chief Financial Officer jim@mounttambiotech.com Phone: 425-214-4079