London, Ontario, Canada, November 15, 2010 / b3c newswire / - Critical Outcome Technologies Inc. (COTI) (TSX Venture: COT) announced today that the Company will meet with several prospective partners who have expressed an interest in its lead oncology drug candidate COTI-2 at Europe's largest pharmaceutical partnering conference, BIO-Europe, taking place in Munich, Germany on November 15-17, 2010.
The objective of these meetings is to present compelling data on COTI’s potentially first-in-class and best-in-class oncology compound, COTI-2. During preclinical testing COTI-2 has demonstrated greater selectivity, an improved safety profile and superior pharmacokinetics in comparison to other Akt inhibitors.
COTI will meet with several prospective partners including executives from major pharmaceutical organizations at BIO-Europe. “We are delighted with the continued progress of our lead oncology candidate, COTI-2,” said Dr. Wayne Danter, CEO of COTI. “The results generated to date combined with the novel target and selectivity for Akt2 specifically will stimulate further discussions as we continue to evaluate our options for a licensing agreement for COTI-2.” Mr. Michael Barr, Vice President of Business Development and Marketing will represent COTI at BIO-Europe.
About Critical Outcome Technologies Inc. (COTI) - www.criticaloutcome.com
COTI is formed around a unique computational platform technology called CHEMSAS®, which allows for accelerated identification and optimization of targeted small molecules potentially effective in the treatment of human diseases for which current therapy is either lacking or ineffective. COTI is focused on preparing its lead anti-cancer compound, COTI-2, for an Investigational New Drug filing in the USA in 2011. In addition to COTI-2, the company has a significant preclinical pipeline targeting large market opportunities such as: adult acute leukemia and other cancers, multiple sclerosis, HIV integrase, and Alzheimer’s disease.
For further information, please visit the website at http://www.criticaloutcome.com/ or contact:
Vice President of Business Development and Marketing
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