Curative Biotechnology Announces Completion of IND Enabling Reformulated Metformin HCL Eye Drop Study
05 Gennaio 2023 - 1:50PM
Curative Biotechnology Inc. (OTC: CUBT) (“Curative Biotech” or the
“Company”), a development-stage biomedical company focused on novel
treatments for rare diseases and conditions, announced today that
it has successfully completed its Investigational New Drug (IND)
enabling Tolerance and Toxicology Study of Metformin HCL Solution
by Topical Instillation (eye drops) in Rabbits.
Paul Michaels, Chairman and President of
Curative Biotechnology, said, “We are pleased to announce the
successful completion of these important studies, outlined in our
Pre IND meeting with the FDA. We are now able to move on to
preparing the Company’s first IND application to move our Metformin
reformulation into a clinical trial to treat Intermediate Dry
Age-Related Macular Degeneration (AMD) and Geographical Atrophy
(GA) resulting from AMD.”
Michaels continued, “Both Dry AMD and GA are
currently unmet medical needs with no FDA approved efficacious
treatment options. As previously announced, we will be conducting
the first in human study under a CRADA (Cooperative Research and
Development Agreement) with the National Eye Institute of the
National Institutes of Health, in Bethesda Maryland.”
About Macular Degeneration (AMD)
Macular Degeneration is a common eye disorder
among people over 50 causing blurred or reduced central vision due
from the deterioration of the inner layers of the macula. The
macula is the part of the retina that gives the eye clear vision in
the direct line of sight. Dry AMD accounts for 80-90% of all
age-related macular degeneration (AMD cases), while wet AMD
represents 10-20% of patient cases. Currently there are no approved
drug treatments for Dry AMD or Geographic Atrophy (late-stage dry
AMD).
About Curative Biotechnology,
Inc. http://curativebiotech.com
Curative Biotechnology, Inc. (Curative Biotech)
is a development stage biomedical company focused on novel
therapies for rare diseases. The Company is focused on identifying,
acquiring and developing disease modifying therapeutic drug
candidates with a concentration on rare disease indications.
Curative Biotech has ongoing programs in three different
therapeutic areas: infectious disease, neuro oncology and
degenerative eye disease. The Company’s pipeline includes IMT504,
CURB906 and Metformin Reformulation. IMT504 is a novel immune
therapy to treat rabies and an adjuvant for vaccines. CURB906 is a
fully humanized CD56 monoclonal antibody carrying a cytotoxic drug
conjugate directly to the tumor cancer site to kill the tumor by
inhibiting tumor growth and migration of the tumor. Metformin
Reformulation is targeting the treatment of intermediate and
late-stage Age-Related Macular Degeneration (AMD) disease.
Forward-Looking Statements
This press release contains “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. CUBT is not yet generating revenues. Although
forward-looking statements in this release reflect the good faith
judgment of management, forward-looking statements are
inherently subjected to known, unknown risks and uncertainties that
may cause actual results to be materially different from those
discussed in these forward-looking statements, including
but not limited our ability to generate sufficient market
acceptance for our products and services, our ability to generate
sufficient operating cash flow, and general economic
conditions. Readers are urged to carefully review and consider the
various disclosures made by us in our reports filed with OTC
Markets from time to time which attempt to advise interested
parties of the risks and factors that may affect our business,
financial condition, results of operation and cash flows. If
one or more of these risks or uncertainties materialize, or if the
underlying assumptions prove incorrect, our actual results may vary
materially from those expected or projected. Readers are urged not
to place undue reliance on these forward-looking statements, which
speak only as of the date of this release. We assume no obligation
to update any forward-looking statements in order to reflect any
event or circumstance that may arise after the date of this
release.
Contact:
Steve ChizzikInvestor RelationsCurative Biotech
(CUBT)201-454-5845ir@curativebiotech.com
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