London, Ontario (March 23, 2010): Critical Outcome Technologies Inc. (COTI) (TSX Venture: COT) is pleased to announce that it has accepted an invitation from US Oncology to present at the US Oncology Translational Oncology Program (TOP) Science Summit in Houston, Texas, on March 27, 2010.
The TOP science summit is a collaborative forum of scientific and academic thought leaders in early phase oncology research who assemble at this annual event to discuss new trends in oncology drug development and learn about promising investigational cancer compounds entering development. The US Oncology Research TOP Committee and key representatives from US Oncology's clinical research organization (CRO) US Oncology Clinical Development will be in attendance. This includes a group of 30 investigators that lead cancer research in community practice research sites across the United States. This summit will facilitate detailed feedback and networking opportunities for COTI regarding the development strategies for its promising drug candidate COTI-2.
"The US Oncology Research team has recognized the importance of engaging in cutting edge research in order to obtain new therapies for our patients as early as possible in the drug development process," said Dr. Steve Jones, Medical Director of US Oncology Research, a wholly owned subsidiary of US Oncology, Inc. "We are delighted to have Dr. Wayne Danter present the COTI-2 data package, as it represents a promising new treatment for many patients."
The opportunity to present at this exclusive event was a result of the evolving working relationship between COTI and Daniel Von Hoff, M.D., Physician-In-Chief of the Phoenix-based, non-profit Translational Genomics Research Institute (TGen), and Chief Scientific Officer for US Oncology. It was announced on Jan. 12, 2010, that Dr. Von Hoff and TGen Drug Development (TD2), a TGen subsidiary, would lead efforts to obtain approval for clinical trials of COTI-2.
"I am delighted that the COTI team will be briefing US Oncology on COTI-2, an interesting new agent with what appears to be a highly desirable mechanism of action," said Dr. Von Hoff. "I am confident that the insights gained from the US Oncology team will help direct the clinical path for COTI-2."
Dr. Wayne Danter, President and Chief Scientific Officer of COTI, said, "It is with great pleasure that I have accepted Dr. Von Hoff's invitation to attend this important event in the oncology community and I look forward to receiving insight for the development plan of COTI-2 from this highly qualified audience. It is my sincere belief that participation in this summit will provide value to COTI."
Mr. Michael Cloutier, Chief Executive Officer of COTI, said, "We are delighted to have been given the opportunity by Dr. Von Hoff to increase COTI-2's profile in the oncology community."
For further information, please contact:
Media Contacts:
Michael Barr
Director of Business Development and Marketing
COTI
519-858-5157
mbarr@criticaloutcome.com
Jennifer Horspool
Director Corporate Communications
US Oncology
281-863-6739
Jennifer.Horspool@usoncology.com
