Pascal Biosciences Creates Development Science Lab In Seattle, WA
VANCOUVER, BRITISH COLUMBIA, May 9, 2017 --Pascal Biosciences Inc. (formerly bioMmune Technologies Inc.) (TSX.V/PAS) (“Pascal” or the “Company”), a biotechnology company that specializes in drug discovery and development, is pleased to announce that the Company has created a new, wholly owned subsidiary, Pascal Biosciences (US), Inc. to create advanced laboratory space in Seattle WA to provide ongoing research and development and collaboration space for the Company. The new lab space will provide Pascal with greater control over the discovery and development process of the Company’s pre-clinical assets and enhance Pascal’s ability to expedite its therapeutic candidates into clinical development. Initially, four scientists will be employed at the Facility, which will constitute the key development group for Pascal.
To date, Pascal has licensed three separate technologies from Dr. Wilfred Jefferies at the University of British Columbia. These technologies have laid the foundation for therapeutic discoveries that promote the immune recognition and destruction of tumour cells and infectious agents. The Seattle laboratory will advance these discoveries into clinical stage products ready for testing in patients.
“We are very pleased to initiate our development activities in Seattle,” commented Dr. Patrick Gray, CEO of Pascal. “The purpose of this lab is to move discoveries from the lab bench to the clinic as soon as possible, and this new facility is a great investment in the Company’s future. Pascal’s scientists each, on average, have over 20 years of experience in the biotechnology industry and have worked on multiple approved drugs. This is consistent with our goal of building a platform to expedite the commercialization of our novel therapeutics.”
ABOUT PASCAL BIOSCIENCES INC.
Pascal focuses on cancer, autoimmunity, and infectious disease. The Company’s three significant technologies are:
Utilizing proprietary screening systems for identifying novel compounds that are able to restore immune recognition and killing of cancer cells,
Exploiting the regulation of specific calcium channels expressed by cells of the immune system. By regulating these calcium channels, immune activity can be controlled to combat cancers, infections and autoimmune diseases, and
Modulating CD74, a protein involved in the immune system, to promote immune responses to cancer and pathogenic microbes. Finding molecules that regulate CD74 activity will aid the immune system to combat infections and cancers and to control autoimmune diseases.
Forward Looking Statements
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On Behalf of the Board of Directors
Dr. Patrick Gray, President and CEO
For more information contact: Dr. Patrick Gray
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