HOUSTON, Dec. 1, 2009 (GLOBE NEWSWIRE) -- Power3 Medical Products, Inc. (OTCBB:PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests reports that the company's President and CSO, Dr. Ira Goldknopf, delivered an invited Keynote address and chaired a session on "Biomarkers and Diagnostics in Personalized Medicine (Track 6-4)," at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting was "New Leadership of Personalized Medicine."
Dr. Goldknopf described the company's unique ability to employ Power3's blood protein biomarkers to differentially diagnose mild Alzheimer's and Parkinson's diseases, distinguish between them, distinguish from normal controls, distinguish from patients with Alzheimer's and Parkinson's like disorders (disease controls) and distinguish drug naive and drug treated patients. He also presented results for early diagnosis of invasive breast cancer with and without ductal carcinoma in situ, distinguishing between them, distinguishing them from normal and benign controls. The final topic covered was the discovery of biomarkers in bone marrow cells from chronic myelogenous leukemia patients that predict whether they would respond to the drug imatinib mesylate (Gleevec).
"Power3 has begun confidential discussions with a flagship Chinese Biotechnology Company with an eye to co-develop high throughput blood tests for the Chinese market," said Dr. Goldknopf. "We intend to establish a major worldwide presence."
"We are extremely proud and excited about the interest generated by Dr. Goldknopf's presentation of our results at this international meeting," said Ms. Helen Park, Power3's CEO, "particularly the new findings in clinical validation of the company's biomarkers and unique blood tests and the continuing discussions leading to their commercialization in China."
About Power3 Medical Products, Inc.:
Power3 Medical Products (OTCBB:PWRM) (www.Power3Medical.com) is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3's patent-pending technologies are being used to develop screening and diagnostic tests for the early detection and prognosis of disease, identify protein biomarkers, and drug targets. Diagnostic tests are targeted toward markets with critical unmet needs in areas including neurodegenerative disease (NuroPro(R)) and breast cancer (BC-SeraPro(TM)). Power3 expects to complete phase II clinical validation trials of its blood serum diagnostics for Alzheimer's disease (NuroPro-AD), Parkinson's disease (NuroPro-PD) and breast cancer in 2010, followed by filings with the FDA. Power3 operates a state-of-the-art CLIA certified laboratory in The Woodlands (Houston), Texas. Power3 continues to evolve and enhance its IP portfolio, employing sensitive and specific combinations of biomarkers it has discovered from a broad range of diseases as the basis of highly selective blood-based tests for ALS, Alzheimer's, and Parkinson's diseases, and breast cancer.
This press release contains 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. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.