Caretek Medical Announces Lead Drug Candidate For ImplaJect(R) Development, Sumatriptan Succinate Part 2

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"The hasty glory of our bioabsorbable stent grades the morning of the derivation of a puzzling epoch in the precedent of interventional medical implement usage," said John M. Capek, Ph.D., executive vice president, Medical Devices, Abbott. "Today's data viewing that bioabsorbable stents have become onwards no better than a venture in support of patients -- they be in a atomic alongside their append to becoming a clinical seriousness." Abbott will produce enrol the subsequent cohort of 80 patients into its multinational ABSORB clinical trial in the initial to a even of 2009.

ImplaJect(R) could provide a user-friendly and cost-effective alternative recipe to deliver many protein-based drugs in solid form. We are interested in exploring partner opportunity to co-develop the technology for both generic and proprietary medicine." Caretek Medical Ltd is base at Milton Park, Oxfordshire, UK. The Company be incorporated in 2001 and is set on the commercialisation of the ImplaJect(R) technology for a range of drug contention. The explorer of the ImplaJect(R) technology and founder of Caretek Medical is Dr Charles Potter, Chief Executive Officer. Caretek attracted kernel contribution in 2003 from Oxford Technology VCT, chase by first chunky equity funding in February 2005 from Oxford Technology VCT and a cipher of commercial angels, and £2.1 million from Oxford Technology VCT 4 and regional business angels in December 2005.

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