Rosetta Genomics to Give Oral Presentation on Colon Cancer Screening Diagnostic at AACR Annual Meeting
* Reuters is not responsible for the content in this press release.
Company Also to Present Four Posters and Additional Oral Presentation on its Technology PHILADELPHIA & REHOVOT, Israel--(Business Wire)-- Rosetta Genomics, Ltd. (NASDAQ:ROSG), an innovative molecular diagnostic company leveraging microRNAs as biomarkers, reports that at the annual meeting of the American Association of Cancer Research it will present data on its lead product candidate, a noninvasive diagnostic being developed for colon cancer screening. The oral presentation, titled "Circulating microRNAs as potential blood-based biomarkers for diagnosis of colorectal cancer" will be given in a session on Biomarkers for Diagnosis, Prognosis, and Therapy Response on Tuesday, April 21, 2009, beginning at 10:00 a.m. local time. The meeting is being held April 18 - 22 in Denver at the Colorado Convention Center. "We are very proud to have our work on our colon cancer diagnostic acknowledged at such an important scientific meeting," said Amir Avniel, president and chief executive officer of Rosetta Genomics. "As previously announced, this non-invasive serum diagnostic will be the Company`s primary product-development focus in 2009. With a potential target market of 90 million Americans annually, Rosetta`s goal is to be able to launch the test in our Philadelphia lab by the end of this year or early 2010. We are also very proud to have poster presentations on our currently marketed miRview tests and an additional oral presentation on a liver cancer therapeutic using microRNAs at this meeting," Mr. Avniel added. In their presentation on the diagnosis of colorectal cancer, Ayelet Chajut et al conclude that "certain microRNAs were found in different amounts in sera of colorectal cancer patients compared with healthy controls. Thus, circulating microRNAs represent promising candidates for robust, sensitive and easily accessible biomarkers in colorectal cancers." Additional poster presentations on the Company`s tests miRview squamous, MiRview mets and MiRview meso can be viewed on Wednesday, April 22 from 8:00 a.m. until noon local time. An oral presentation entitled, "The use of anti-miRs against miRNA as a potential therapy for hepatocellular carcinoma," will be given in a session on MicroRNAs/Noncoding RNAs and Cancer beginning at 9:30 a.m. on Monday, April 20. About Rosetta Genomics Rosetta Genomics is a leading molecular diagnostics company committed to develop and commercialize products based on microRNAs for targeted therapy and preventive medicine. Rosetta developed a unique methodology to find microRNAs in body fluids and other clinical samples, and discovered in the past few years hundreds of novel microRNAs that can be used as important biomarkers and drug targets. Rosetta performs its commercial molecular diagnostics tests at Rosetta Laboratories in Philadelphia. Building on its strong intellectual property position and proprietary platform technologies, Rosetta is working on the application of these technologies in the development of novel molecular diagnostics products. About MicroRNA MicroRNAs (miRNAs) are recently discovered, naturally occurring, small RNAs that act as master regulators and have the potential to form the basis for a new class of diagnostics and therapeutics. Since many diseases are caused by the abnormal activity of proteins, the ability to selectively regulate protein activity through microRNAs could provide the means to treat a wide range of human diseases. In addition, microRNAs have been shown to have different expression in various pathological conditions. As a result, these differences may provide for a novel diagnostic and therapeutic strategy for many diseases. Forward-Looking Statements Various statements in this release concerning Rosetta`s future expectations, plans and prospects, including without limitation, statements relating to the role of microRNAs in human physiology and disease, the potential of microRNAs in the development of therapeutics and diagnostic products, the progress and timing of our diagnostic and therapeutic programs, including all statements relating to the intention to, timing for and our ability to successfully develop a non-invasive colon cancer screening diagnostic test, constitute forward-looking statements for the purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including risks related to: the continued uncertainty in the credit and capital markets; other changes in general economic and business conditions; Rosetta`s approach to discover and develop novel diagnostics products, which is unproven and may never lead to commercially successful products or services; Rosetta`s ability to fund and the results of preclinical and clinical trials; Rosetta`s ability to obtain, maintain and protect the intellectual property utilized by Rosetta`s products and to not infringe upon the intellectual property rights of third parties; Rosetta`s ability to enforce its patents against infringers and to defend its patent portfolio against challenges from third parties; Rosetta`s ability to obtain additional funding to support its business activities; Rosetta`s dependence on third parties for development, manufacture, marketing, sales and distribution of products and services; the successful development of diagnostic and therapeutic products applying Rosetta`s technology; Rosetta`s ability to obtain regulatory clearances or approvals for products, as may be required under applicable laws; competition from others using technology similar to Rosetta`s and others developing products for similar uses; Rosetta`s dependence on collaborators; the ability to obtain coverage and payment from health plans and payers for diagnostic and therapeutic products applying Rosetta`s technology and Rosetta`s short operating history; as well as those risks more fully discussed under "Key Information - Risk Factors" in Rosetta`s Annual Report on Form 20-F for the year ended December 31, 2007 on file with the Securities and Exchange Commission. In addition, any forward-looking statements represent Rosetta`s views only as of today and should not be relied upon as representing its views as of any subsequent date. Rosetta does not assume any obligation to update any forward-looking statements unless required by law. Company Contact: Rosetta Genomics Ron Kamienchick (646) 509-1893 investors@rosettagenomics.com or Investor Contacts: Lippert/Heilshorn & Associates Kim Sutton Golodetz (212) 838-3777 kgolodetz@lhai.com or Bruce Voss (310) 691-7100 bvoss@lhai.com Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters