Ambrilia: Conference call and webcast for Octreotide Phase III prelimi...

MONTREAL, Jan. 21 /CNW Telbec/ - Ambrilia Biopharma Inc. (TSX:AMB) announced today that it will be hosting a conference call and webcast on Tuesday, January 22 at 9:00 am ET, to discuss the Phase III preliminary results for its proprietary prolonged-release formulation of Octreotide, C2L, in acromegaly patients.

Dr. Philippe Calais, President and Chief Executive Officer, and Dr. Bonabes de Rougé, Executive Vice-President and Chief Scientific Officer, will be joined by the principal investigator of the study, Professor Stafford Lightman, Professor of Medicine, University of Bristol and Henry-Wellcome Center for Integrative Neuroscience & Endocrinology (LINE), U.K.

Interested parties may access the conference call by way of telephone or webcast. The numbers to access the conference call are (416) 644-3415 (international) and 1(800) 733-7560 (toll free). The webcast will be available on the Company's website at www.ambrilia.com, Investors' section, Conference calls and webcasts, and will be archived for 365 days.

A replay of the call will be available on the Company's website at www.ambrilia.com, Investors' section, Conference calls and webcasts, from Tuesday, January 22, 11:00 am ET to Tuesday, January 29, 11:59 pm ET, and the numbers to access the replay are (416) 640-1917 (international) and 1(877) 289-8525 (toll free) with access code 21260411.

Ambrilia's forward-looking statements

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors including, but not limited to, changing market conditions, successful and timely completion of clinical studies, uncertainties related to the regulatory approval process, establishment of corporate alliances and other risks detailed from time to time in the Company's filings. We refer you to the Risk Factors section of the Company's Management's Discussion & Analysis of Financial Condition and Results of Operations which contain a more exhaustive analysis of the risks and uncertainties that are generally connected to the business of the Company. Such statements are also based on various assumptions, including the successful and timely completion of clinical studies on Ambrilia's products demonstrating efficacy and safety for human use, their successful commercialization within the forecasted timelines and the attainment of the forecasted milestone payments and other revenues. While Ambrilia anticipates that subsequent events and developments may cause Ambrilia's views to change, Ambrilia specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws.

ABOUT AMBRILIA BIOPHARMA

Ambrilia Biopharma Inc. (TSX:AMB) is a biopharmaceutical company dedicated to the discovery and development of novel treatments for viral diseases and cancer. Ambrilia's product portfolio includes an HIV protease inhibitor program (with lead compound PPL-100), an HIV integrase inhibitor program, two new formulations of existing peptides (Octreotide and Goserelin), other tumor targeted peptides such as PCK3145 and the Tumor and tumor Vasculature Targeting (TVT) technology platform, as well as other anti-viral programs. Exclusive worldwide rights to PPL-100 and its related compounds have been granted to Merck & Co., Inc. in return for milestone payments and royalties. Ambrilia's head office, research and development and manufacturing facilities are located in Montreal with a regional office in France. For more information, please visit the Company's web site: www.ambrilia.com

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/For further information: Julie M. Thibodeau, B.Sc., MBA, Director, Communications, Ambrilia Biopharma Inc., (514) 751-2003, ext 235, jthibodeau@ambrilia.com, ir@ambrilia.com, www.ambrilia.com/

Posted: January 2008

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