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Senesco Signs A Supply Agreement For
Polyplus-transfection's Delivery System
New Brunswick, N.J, USA, July 3, 2008 - Senesco
Technologies, Inc. ("Senesco" or the "Company") (AMEX:SNT) announced today that
it has contracted with Polyplus-transfection (Illkirch, France) to supply
Polyplus's "in vivo-jetPEI" for systemic delivery of Senesco's combination
therapy of siRNA against Factor 5A and a plasmid of the Factor 5A gene.
Senesco has previously reported positive preclinical in vivo results using its
combination siRNA and plasmid delivered with "in vivo-jetPEI" against
subcutaneous multiple myeloma tumors in immunodeficient mice.
"This supply agreement will help Senesco move toward the necessary preclinical
toxicology study and ultimately the planned clinical trial targeting multiple
myeloma," commented Bruce Galton, Senesco's President and CEO. "Polyplus' PEI
technology is already being used in clinical oncology trials by other companies
and we look forward to working with them and using their technology to deliver
our Factor 5A technology."
"We are proud that Senesco has chosen our delivery system targeting multiple
myeloma and that we have an agreement to supply the company according to this
agreement" said Joëlle Bloch, CEO of Polyplus-transfection. "We are delighted
that our "in vivo-jetPEI" will be used as delivery vehicle for a combination of
siRNA and plasmid DNA in this therapeutic approach."
About Polyplus-transfection
Polyplus-transfection is focused on developing innovative solutions for
delivery of biomolecules. The company has been marketing its transfection
reagents worldwide since 2001 and is reinvesting most of its revenues in
research and development.
Transfection consists in introducing a gene or a small interfering RNA into
cells. This technique makes it possible to cross the cellular barriers and
deliver such biomolecules into the cells for research or therapeutic purposes.
Customers of Polyplus-transfection's products and services include biotechnology
and pharmaceutical companies as well as life science academic laboratories.
Polyplus-transfection offers high quality consultancy, personalized scientific
support and expertise in regulatory affairs related to the use of its reagents
in clinical trials. Phases I/II cancer gene therapy and AIDS trials are underway
in Israel, USA, Sweden and Germany using GMP-compliant reagents from
Polyplus-transfection.
The Strasbourg-based company is recognized as a leading innovator in the
transfection market, with ISO 9001:2000 certification, exclusive licenses from
the CNRS and numerous patent applications pending. Polyplus-transfection R&D has
well-established partnerships with biotech companies and is also involved in
several European research collaboration networks, such as GIANT (Gene Therapy,
an Integrated Approach to Neoplastic Treatment) and RIGHT (RNA Interference
Technology as Human Therapeutic Tool).
Polyplus-transfection recently extended its field of expertise to the
development of new cationic oligonucleotides, ZNA (Zip Nucleic Acid), for
molecular biology and diagnostics.
For more information, visit:
http://www.polyplus-transfection.com
About Senesco Technologies, Inc.
Senesco Technologies, Inc. is a U.S. biotechnology company, headquartered in
New Brunswick, NJ, USA. Senesco has initiated preclinical research to trigger or
delay cell death in mammals (apoptosis) to determine if the technology is
applicable in human medicine. Accelerating apoptosis may have applications to
development of cancer treatments. Delaying apoptosis may have applications to
certain inflammatory and ischemic diseases. Senesco takes its name from the
scientific term for the aging of plant cells: senescence. Delaying cell
breakdown in plants extends freshness after harvesting, while increasing crop
yields, plant size and resistance to environmental stress. The Company believes
that its technology can be used to develop superior strains of crops without any
modification other than delaying natural plant senescence. Senesco has partnered
with leading-edge companies engaged in agricultural biotechnology and earns
research and development fees for applying its gene-regulating platform
technology to enhance its partners' products.
Certain statements included in this press release are forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Actual results could differ materially from such statements expressed or
implied herein as a result of a variety of factors, including, but not limited
to: the Company's ability to raise capital to fund its research and development
efforts; the development of the Company's gene technology; the approval of the
Company's patent applications; the successful implementation of the Company's
research and development programs and joint ventures; the success of the
Company's license agreements; the acceptance by the market of the Company's
products; success of the Company's preliminary studies and preclinical research;
competition and the timing of projects and trends in future operating
performance, our ability to maintain our continued listing standards for the
next 12 months, as well as other factors expressed from time to time in the
Company's periodic filings with the Securities and Exchange Commission (the
"SEC"). As a result, this press release should be read in conjunction with the
Company's periodic filings with the SEC. The forward-looking statements
contained herein are made only as of the date of this press release, and the
Company undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
For further information, please contact:
Andrew Lloyd & Associates
Andrew Lloyd / Neil Hunter
Tel: +44 1273 675100
allo@ala.com
/ neil@ala.com
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