Nuvilex Focused On Positioning Subsidiary, Medical Marijuana Sciences, Inc., To Be A Leading Medical Marijuana Entity By Developing Brain And Pancreatic Cancer Treatments
SILVER SPRING, Md., Feb. 27, 2013 (GLOBE NEWSWIRE) -- Nuvilex, Inc. (OTCQB:NVLX), an international biotechnology and clinical stage provider of natural products and cell and gene therapy solutions for the treatment of diseases, announced today that it is focused on positioning its subsidiary, Medical Marijuana Sciences, Inc., as a leader among entities in the medical marijuana field by virtue of its goal of using Cannabis constituents in the development of treatments for brain and pancreatic cancer.
Many companies in the medical marijuana arena are technology enterprises concerned with growth and distribution of marijuana or the production of numerous products containing marijuana or forms of its extracts. In contrast, Medical Marijuana Sciences, Inc. is utilizing a number of compounds found in marijuana plants and utilizing them to develop treatments for serious diseases. More specifically, using cannabinoids isolated from Cannabis sativa, Nuvilex's subsidiary will concentrate on the development of treatments for some of the deadliest forms of cancer that have historically shown that they are very difficult to treat with great success. Thus, this effort will initially involve pancreatic cancer and cancers of the brain, particularly glioblastomas.
Nuvilex's COO, Dr. Gerald Crabtree commented "Nuvilex's "in-house" experience in drug development, particularly in the cancer area, coupled with the knowledge gleaned during the development of our pancreatic cancer treatment, serves as a strong foundation upon which Medical Marijuana Sciences can build treatments, using constituents of Cannabis, for deadly forms of cancer. By pursuing "hard targets" like cancers of the pancreas and brain, Medical Marijuana Sciences can position itself to become a leader among entities involved in the use of marijuana for medicinal purposes."Nuvilex is a true biotechnology company by virtue of the development of a treatment for advanced, inoperable pancreatic cancer, through its subsidiary Austrianova Singapore (ASPL), involving the use of its proprietary cell encapsulation technology together with the well-known anticancer drug, ifosfamide. On the foundation of very promising results from two independent clinical trials by ASPL, wherein the pancreatic cancer treatment was found to double both the median survival time of patients as well as their one-year-survival rate, preparations are underway for a "late-phase" clinical study that if successful, will ultimately lead to approval by drug regulatory agencies for marketing of Nuvilex's pancreatic cancer treatment.
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