MONTCLAIR, NJ, Sept. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- FluoroPharma Medical Inc. (OTCQB: FPMI) announced today that it has reached an agreement
with The General Hospital Corporation, doing business as Massachusetts General Hospital (MGH), to restructure its 2014 License
Agreement for CardioPET. The restructuring reflects the current status of the molecule’s development, and enhanced collaboration
opportunities between the Hospital and the Company. The terms of the amended license were not disclosed.
Thom Tulip, Ph.D., President and CEO of FluoroPharma, stated, "We are delighted to be working even more closely
with MGH on this promising new agent. We believe that CardioPET has the potential to dramatically improve the diagnostic accuracy
and imaging logistics for many heart disease subjects currently underserved by today’s standard of care in cardiovascular imaging.
We value our collaboration with MGH, where the molecule was invented, and appreciate the vote of shared confidence evident in our
restructured license agreement."
FPMI plans to announce a moderated investor conference call within the next two weeks, to discuss the status of
CardioPET, other prospects for the Company, and address questions from callers.
About FluoroPharma Medical
FluoroPharma (OTCQB: FPMI) is a biopharmaceutical company engaged in the discovery and development of
proprietary PET imaging products to evaluate cardiac disease at the cellular and molecular levels. The Company has licensed
technology from the Massachusetts General Hospital in Boston. The Company's goal is to enable personalized medicine through
precision diagnostics that will help the medical community diagnose disease more accurately at the earliest stages, leading to more
effective treatment, management and better patient outcomes.
FluoroPharma's initial focus is the development of breakthrough PET imaging agents, and the company is advancing
two products in clinical trials for assessment of acute and chronic forms of heart disease. These novel agents have been designed
to rapidly target myocardial cells. In addition to the United States, Europe and China, patents related to FluoroPharma's portfolio
of imaging compounds have been issued in Japan, Canada, Australia and Mexico. For more information on the company, please
visit: www.fluoropharma.com.
This press release consists of forward-looking statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Prospective investors are cautioned that
any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and
actual results could differ materially from those indicated by such forward-looking statements. The Company assumes no obligation
to update the information contained in this press release, whether as a result of new information, future events, or
otherwise.
For more information, contact: info@fluoropharma.com
