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Press Release Source: Viral Genetics, Inc. Viral Genetics Licenses Immune Disease Therapeutic Platforms from University of Colorado PR Newswire COLORADO SPRINGS, Colo., Dec. 3 2009 COLORADO SPRINGS, Colo., Dec. 3 /PRNewswire-FirstCall/ -- The University of Colorado and Viral Genetics Inc., (Pink Sheets: VRAL) recently executed an exclusive license agreement that expands on its previous agreement allowing Viral Genetics to develop treatments for autoimmune diseases, graft rejection, HIV, and cancer based on the work of M. Karen Newell, Ph.D., a professor of biology at the University of Colorado at Colorado Springs. Newell's recent work has uncovered a drug target that may offer a new strategy in treating a wide variety of immune-related disorders and diseases. Cancer, HIV, lupus, Type I diabetes and rheumatoid arthritis are all among the disorders that may be treatable using this approach. Newell's work targets an early interaction in the cascade of events that results in T cell activation, a central component of the body's immune response. This approach allows for more targeted control over the body's immune response against its own and other cells. "We are confident that Viral Genetics has the capacity to develop these technologies into products with significant impact in these fields," said David Allen, CU associate vice president for technology transfer. "This agreement enables us to work towards bringing a diverse array of drug therapies to the market, all based on technology developed by Dr. Newell," said Viral Genetics CEO Haig Keledjian. "The synergy between our current work with Dr. Newell and this new line of research made this agreement a natural fit." About the Technology Transfer Office and the University of Colorado The CU Technology Transfer Office (TTO) pursues, protects, packages, and licenses to business the intellectual property generated from research at CU. The TTO provides assistance to faculty, staff, and students, as well as to businesses looking to license or invest in CU technology. For more information about technology transfer at CU, visit www.cu.edu/techtransfer. The University of Coloradois a premier teaching and research university with four campuses: the University of Colorado at Boulder, the University of Colorado at Colorado Springs, the University of Colorado Denver and the University of Colorado Anschutz Medical Campus. More than 55,000 undergraduate and graduate students are pursuing academic degrees on CU campuses. CU is ranked seventh among public institutions in federal research expenditures in engineering and science by the National Science Foundation. Academic prestige is marked by the university's four Nobel laureates, seven MacArthur "genius" Fellows, 18 alumni astronauts and 19 Rhodes Scholars. For more information, go to www.cu.edu. About Viral Genetics Inc. Headquartered in San Marino, Calif., Viral Genetics discovers and develops drug therapies to treat infectious, autoimmune, and immunological deficiency disorders using its thymus nuclear protein compound (TNP). The company has an exclusive license agreement with the University of Colorado and V-Clip Pharmaceuticals (a subsidiary of the company) to license technology developed that appears to explain TNP and provide a means to optimize therapies based on TNP for future clinical trials. Viral Genetics has formed a wholly owned subsidiary, MetaCytoLytics, Inc, to advance a technology developed by University of Colorado Professor M. Karen Newell called "metabolic disruption technology" (MDT), which focuses on blocking a tumor cell's ability to generate energy from glucose or from fatty acids. Viral Genetics has an option to acquire exclusive rights to the metabolic disruption technology from the University of Vermont and the University of Colorado. Online at www.viralgenetics.com. SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements that involve risks and uncertainties associated with financial projections, budgets, milestone timelines, clinical development, regulatory approvals, and other risks described by Viral Genetics, Inc. from time to time in its periodic reports filed with the SEC. VGV-1 is not approved by the US Food and Drug Administration or by any comparable regulatory agencies elsewhere in the world. While Viral Genetics believes that the forward-looking statements and underlying assumptions contained therein are reasonable, any of the assumptions could be inaccurate, including, but not limited to, the ability of Viral Genetics to establish the efficacy of VGV-1 in the treatment of any disease or health condition, the development of studies and strategies leading to commercialization of VGV-1 in the United States, the obtaining of funding required to carry out the development plan, the completion of studies and tests on time or at all, and the successful outcome of such studies or tests. Therefore, there can be no assurance that the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the forward-looking statements should not be regarded as a representation by Viral Genetics or any other person that the objectives and plans of Viral Genetics will be achieved.
Contact:
Haig Keledjian, Viral Genetics: SOURCE Viral Genetics
Website: http://www.viralgenetics.com
Haig Keledjian, Viral Genetics,
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