Monogram Announces Several Presentations to Be Made on HERmark® Breast Cancer Assay & VeraTag™ Technology at the 45th ASCO...
27 Mai 2009 - 1:00PM
Business Wire
Monogram Biosciences, Inc. (Nasdaq:MGRM) today announced that
three presentations related to the HERmark� Breast Cancer Assay and
VeraTag� technology will be made at the 45th meeting of the
American Society for Clinical Oncology (ASCO) in Orlando.
�Breast cancers are heterogeneous. Tumors express distinct
levels of proteins that may impact the therapeutic effectiveness of
particular drugs. Even when tumors are defined as �HER2-positive�,
clinical responses to HER2-target therapies are varied, but it
hasn�t been clear what accounts for the observed differences in
outcome,� said Michael Bates, M.D. Monogram Vice President of
Clinical Research. �Using the VeraTag technology, we now have
clinical data suggesting that precise quantification of HER2 and
HER3 expression levels in FFPE specimens allows us to identify
multiple sub-populations of patients with HER2-positive metastatic
breast cancer that experience different clinical outcomes following
treatment with trastuzumab. Taken together, these studies
demonstrate the promise of the VeraTag technology to aid in the
development of personalized treatment strategies for patients with
breast cancer.�
Following are the details for each embargoed session:
�
Saturday, May 30, 2009, 8:00
am-12:00 pm ET
Abstract #1021: Quantitative
measurement of HER3 total protein (H3T) and association with
clinical outcome in HER2 positive metastatic breast cancer patients
treated with trastuzumab
Presenter: Laurie Goodman, PhD, Monogram Biosciences Session:
Breast Cancer � Metastatic Location: Level 2, West Hall E1, Room
W240A � Monday, June 1, 2009, 1:00-5:00 pm ET
Abstract #1059: Identification
of a sub-population of metastatic breast cancer patients with very
high HER2 expression levels and possible resistance to
trastuzumab
Presenter: Jeff Sperinde, PhD Monogram Biosciences Session: Breast
Cancer � Metastatic Location: Level 2, West Hall C � Monday, June
1, 2009, 1:00-5:00 pm ET
Abstract # 1061: Correlation of
quantitative total HER2 expression and HER2 homodimers with
histopathologic characteristics of breast cancer in the FinHer
Study
Presenter: Weidong Huang MD, PhD, FCAP, Monogram Biosciences
Session: Tumor Biology and Human Genetics Location: Level 2, West
Hall C
About Monogram
Monogram is advancing individualized medicine by discovering,
developing and marketing innovative products to guide and improve
treatment of serious infectious diseases and cancer. The Company's
products are designed to help doctors optimize treatment regimens
for their patients that lead to better outcomes and reduced costs.
The Company's technology is also being used by numerous
biopharmaceutical companies to develop new and improved anti-viral
therapeutics and vaccines as well as targeted cancer therapeutics.
More information about the Company and its technology can be found
on its web site at www.monogrambio.com.
Forward Looking
Statements
Certain statements in this press release are forward-looking,
including statements regarding the demand and outlook for our
products, including our HERmark assays, our plans for further
developing our oncology franchise, including the conduct and
outcome of planned clinical studies and the possible launch of an
assay to measure resistance to Her2 targeted drugs such as
Herceptin�. These forward-looking statements are subject to risks
and uncertainties and other factors, which may cause actual results
to differ materially from the anticipated results or other
expectations expressed in such forward-looking statements. These
risks and uncertainties include, but are not limited to: risks and
uncertainties relating to the performance and acceptance of our
products; the growth in revenues from all products, including
HERmark; the risk that our VeraTag assays, including HERmark, may
not predict response to particular therapeutic agents; the risk
that we may not be able to obtain additional cohorts of patient
samples for additional VeraTag studies, our ability to successfully
conduct clinical studies on our expected timelines and the results
obtained from those studies; whether larger confirmatory clinical
studies will confirm the results of initial studies; whether we
will be able to develop, validate and launch assays which measure
resistance to Her2 targeted drugs; expected reliance on a few
customers for the majority of our revenues; the renewal of certain
customer agreements; the impact of our expense reduction programs;
our ability to retain and hire key employees; the impact of
competition; whether payers will authorize reimbursement for our
products and services and the amount of such reimbursement that may
be allowed; whether the FDA or any other agency will decide to
further regulate our products or services, including HERmark;
whether the draft guidance on Multivariate Index Assays issued by
the FDA will be subsequently determined to apply to our current or
planned products; whether we will encounter problems or delays in
automating our processes; the ultimate validity and enforceability
of our patent applications and patents; the possible infringement
of the intellectual property of others; whether licenses to third
party technology will be available; whether we are able to build
brand loyalty and expand revenues; restrictions on the conduct of
our business imposed by the Pfizer, G.E. and other debt agreements;
the impact of additional dilution if our convertible debt is
converted to equity; and whether we will be able to raise
sufficient capital in the future to repay our convertible debt in
the event it is not converted to equity and/or to maintain
operations, if required. For a discussion of other factors that may
cause actual events to differ from those projected, please refer to
our most recent annual report on Form 10-K and quarterly reports on
Form 10-Q, as well as other subsequent filings with the Securities
and Exchange Commission. We do not undertake, and specifically
disclaim any obligation, to revise any forward-looking statements
to reflect the occurrence of anticipated or unanticipated events or
circumstances after the date of such statements.
HERmark is a registered trademark and VeraTag is a trademark of
Monogram Biosciences, Inc. Herceptin is a registered trademark of
Genentech, Inc.
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