RegeneRx Biopharmaceuticals, Inc. (NYSE Amex:RGN) announced today that nineteen research and clinical papers on thymosin beta 4 (Tβ4) have been published in the May 2010 issue of the Annals of the New York Academy of Sciences, volume 1194. Preliminary research and clinical data were presented at the “2nd International Symposium on Thymosins in Health and Disease” in September, 2009.

The publications relate to the biological activities and mechanisms of action of Tβ4; preclinical studies of Tβ4 in tissue repair and regeneration; Tβ4-induced cardiac revascularization and repair; treatment of stroke with Tβ4; and prevention of myofibroblast infiltration in dermal wounds. Additional published data were related to the potential tumor suppressive function of Tβ4 in multiple myeloma. Clinical data from studies in the U.S. and Europe were also included in the publication.

The scientific teams conducting the research represent a number of institutions, including the U.S. Army Medical Research Institute of Chemical Defense in Aberdeen, MD; the University of Texas, Southwestern Medical Center in Dallas, TX; Ludwig Maximillians University, Munich, Germany; the National Institutes of Health in Bethesda, MD; UCL Institute of Child Health in London, England; the Henry Ford Health Systems in Detroit, MI; the Pennsylvania State University College of Medicine in Hershey, PA; the CHU University of Liège in Liège, Belgium; the Universiteit Brussel in Brussels, Belgium; the Wayne State University School of Medicine, Kresge Eye Institute, Children’s Hospital of Michigan and William Beaumont Hospital in Detroit, MI; Istituto Dermopatico dell ‘Immacolata in Rome, Italy; and Vanderbilt University School of Medicine in Nashville, TN.

About RegeneRx Biopharmaceuticals, Inc.

RegeneRx is focused on the development of a novel therapeutic peptide, Thymosin beta 4, or Tβ4, for tissue and organ protection, repair and regeneration. Currently, RegeneRx has formulated three product candidates in clinical development: RGN-352, an injectable formulation for systemic delivery to treat cardiovascular diseases, central nervous system diseases, and other medical indications that require administration by injection, that has completed a Phase 1 clinical trial; RGN-259, a sterile, preservative-free topical eye drop for ophthalmic indications that is currently being supported in compassionate use studies; and RGN-137, a topically applied gel for chronic dermal wounds and reduction of scar tissue that is currently in a Phase 2 clinical trial for the treatment of epidermolysis bullosa. RegeneRx is initially targeting RGN-352 for the treatment of patients who have suffered an acute myocardial infarction, or heart attack, although recent animal research suggests that this formulation may also benefit patients with multiple sclerosis and stroke. RegeneRx has a fourth product candidate, RGN-457, which is an inhaled formulation targeting cystic fibrosis and other pulmonary diseases, in pre-clinical development. These product candidates are based on Tβ4, a synthetic copy of a 43-amino acid, naturally-occurring peptide that is the subject of an exclusive worldwide license from the National Institutes of Health. In addition to the four pharmaceutical product candidates described above, RegeneRx is pursuing the commercial development of peptide fragments of Tβ4 for potential cosmeceutical use. RegeneRx holds over 60 worldwide patents and patent applications related to its product candidates.

Forward-Looking Statements

Any statements in this press release that are not historical facts are forward-looking statements made under the provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. You are urged to consider statements that include the words “project,” “believe,” “anticipate,” “plan,” “expect,” “estimate,” “intend,” “should,” “would,” “could,” “will,” ”may,” “potential” or the negative of those words or other similar expressions words to be uncertain and forward-looking. Factors that may cause actual results to differ materially from any future results expressed or implied by any forward-looking statements include the risks and uncertainties inherent in our business, including, without limitation the risk that our product candidates do not demonstrate safety and/or efficacy in future clinical trials; risks related to our ability to obtain financing to support our operations on commercially reasonable terms; the progress, timing or success of our clinical trials; difficulties or delays in development, testing, obtaining regulatory approval for producing and marketing our product candidates; regulatory developments; the size and growth potential of the markets for our product candidates and our ability to serve those markets; the scope and validity of patent protection for our product candidates; competition from other pharmaceutical or biotechnology companies; and other risks described in the Company’s filings with the Securities and Exchange Commission (“SEC”), including those identified in the “Risk Factors” sections of the annual report on Form 10-K for the year ended December 31, 2009, filed with the SEC on March 31, 2009, [and the quarterly report on Form 10-Q for the quarter ended March 31, 2010, filed with the SEC on May 17, 2010,] as well as other filings it makes with the SEC. Any forward-looking statements in this press release represent the Company’s views only as of the date of this release and should not be relied upon as representing its views as of any subsequent date. The Company anticipates that subsequent events and developments may cause its views to change, and the Company specifically disclaims any obligation to update this information, as a result of future events or otherwise, except as required by applicable law.

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