Published: August 25, 2010
Biomoda Allowed Patent in Canada
ALBUQUERQUE, N.M. - (BUSINESS WIRE) - Cancer diagnostics company Biomoda, Inc. (OTCBB: BMOD)
(www.biomoda.com)
has received a notice of allowance for a Canadian patent application for
a method of using its proprietary porphyrin-based compound that binds to
cancer cells and causes them to fluoresce under specific frequencies of
light when viewed under a fluorescent microscope.
Allowed by the Canadian Intellectual Property Office, Canadian patent
application 2,429,526, "Compositions and Methods for Detecting
Pre-Cancerous Conditions In Cell And Tissue Samples Using 5, 10, 15,
20-Tetrakis (Carboxyphenyl) Porphine," is similar to Biomoda's U.S.
patent 6,838,248, which was issued in 2005. Foreign equivalents are now
effective in Canada, Mexico, Japan and Australia and are pending in
Europe.
"With the World Health Organization reporting more than 5 million
tobacco-related deaths every year, lung cancer mortality is clearly a
global issue," said Biomoda President John Cousins. "Protecting our
intellectual property at the international level is the first step
toward a global strategy for the commercialization and marketing of the
CyPath assay for early detection of lung cancer."
The 5, 10, 15, 20-tetrakis (carboxyphenyl) porphine, or TCPP, is the
foundation for several Biomoda product lines and medical diagnostics.
The company is completing data analysis for the pilot clinical trial of
its first product, an in-vitro test for the detection of early-stage
lung cancer, in which study volunteers provide deep-lung sputum samples
to be screened for cancer cells with the CyPath assay. The company
anticipates that results from the pilot study will provide the
foundation for a pivotal clinical study leading to submission to the
U.S. Food and Drug Administration (FDA) for approval of the commercial
sale of Biomoda's technology.
Biomoda is seeking FDA approval of its cytology-based screening
technology as a Class III medical device. Pending FDA approval, CyPath
is for investigational use only. The company is also pursuing strategies
to enter the European market, including filing for approval of a CE mark.
About Biomoda
Biomoda (www.biomoda.com)
is a cancer diagnostics company focused on the development of accurate,
inexpensive and noninvasive tests for the early detection of cancer in
large populations. In addition to its first product for lung cancer,
diagnostic assays for cervical, breast, colorectal, bladder, and oral
cancers are targeted for development. Current research and development
operations, laboratory functions and administrative offices are located
in Albuquerque, N.M.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on estimates, projections, beliefs
and assumptions of Biomoda management at the time of such statements and
are not guarantees of future performance. Forward-looking statements
involve risks and uncertainties in predicting future results and
conditions. Actual results could differ materially from those projected
in these forward-looking statements due to a variety of factors,
including, without limitation, the acceptance by customers of our
products, our ability to develop new products cost-effectively, our
ability to raise capital in the future, the development by competitors
of products using improved or alternative technology, the retention of
key employees and general economic conditions. The forward-looking
statements contained herein are also subject generally to other risks
and uncertainties that are described from time to time in the Company's
reports and registration statements filed with the Securities and
Exchange Commission, including those under the heading "Risk Factors" in
the Company's Annual Report on Form 10-K filed with the SEC on March 30,
2010. Forward-looking statements are made as of the date of this press
release and are subject to change without notice.

Biomoda, Inc., Albuquerque
John Cousins, 505-821-0875
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