Avalon GloboCare Announces Notice of Publication for Key U.S. Patent Filed Jointly with the Massachusetts Institute of Technology (MIT)
05 Setembro 2023 - 9:00AM
Avalon GloboCare Corp. (“Avalon” or the “Company”) (NASDAQ:
ALBT), a developer of innovative precision diagnostics and
provider of clinical laboratory services, today announced that the
United States Patent and Trademark Office (USPTO) has issued a
Notice of Publication for U.S. Patent No. 11,555,060, titled “QTY
Fc Fusion Water Soluble Receptor Proteins.” The publication may be
accessed through the USPTO’s publicly available Searchable
Databases via the Internet at www.uspto.gov.
The patent covers the composition of matter and
methodology for multiple novel QTY-Code modified cytokine and
chemokine protein receptor molecules. The patent was jointly filed
with Dr. Shuguang Zhang of the Massachusetts Institute of
Technology (MIT).
The “QTY Code” is a breakthrough technology that
can turn difficult to work with water-insoluble transmembrane
receptor proteins into water-soluble proteins, greatly enhancing
the solubility of designer peptides and proteins, therefore
potentially expanding the repertoire of selected therapeutic
targets against cancers and other diseases.
“We are pleased to announce this notice of
publication from the USPTO for our QTY code protein design
platform, which was developed together with Professor Shuguang
Zhang’s laboratory at MIT,” stated David Jin, M.D., Ph.D.,
President and Chief Executive Officer of Avalon GloboCare. “Our
patented technology can turn water-insoluble proteins that normally
reside within cellular membranes—and that can be difficult to work
within the laboratory—into water-soluble proteins that can be
potentially used in many clinical applications. The resulting
soluble, antibody-like cytokine/chemokine decoy receptors derived
using the QTY protein design, have many potential applications,
including, among others, mitigation of the “cytokine storm”
associated with COVID-19 and cellular immunotherapy delivery, as
well as broadening the range of therapeutic targets addressable by
CAR T-cell therapies.”
About Avalon GloboCare Corp.
Avalon GloboCare Corp. (NASDAQ: ALBT) is a
commercial stage company dedicated to developing and delivering
innovative, transformative, precision diagnostics and clinical
laboratory services. Avalon is establishing a leading role in the
innovation of diagnostic testing, utilizing proprietary technology
to deliver precise, genetics-driven results. The Company also
provides laboratory services, offering a broad portfolio of
diagnostic tests including drug testing, toxicology, and a broad
array of test services, from general bloodwork to anatomic
pathology, and urine toxicology. For more information about Avalon
GloboCare, please visit www.avalon-globocare.com.
For the latest updates on Avalon GloboCare’s
developments, please follow our twitter at @avalongc_avco.
Forward-Looking Statements
Certain statements contained in this press
release may constitute “forward-looking statements.”
Forward-looking statements provide current expectations of future
events based on certain assumptions and include any statement that
does not directly relate to any historical or current fact,
including statements regarding LSM. Actual results may differ
materially from those indicated by such forward-looking statements
as a result of various important factors as disclosed in our
filings with the Securities and Exchange Commission located at
their website (http://www.sec.gov). In addition to these factors,
actual future performance, outcomes, and results may differ
materially because of more general factors including (without
limitation) general industry and market conditions and growth
rates, economic conditions, and governmental and public policy
changes. The forward-looking statements included in this press
release represent the Company's views as of the date of this press
release and these views could change. However, while the Company
may elect to update these forward-looking statements at some point
in the future, the Company specifically disclaims any obligation to
do so. These forward-looking statements should not be relied upon
as representing the Company's views as of any date subsequent to
the date of the press release.
Contact Information: Avalon GloboCare Corp.4400
Route 9, Suite 3100Freehold, NJ 07728PR@Avalon-GloboCare.com
Investor Relations:Crescendo Communications, LLCTel: (212)
671-1020 Ext. 304albt@crescendo-ir.com
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