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Potential Importance
Of Altropane In Diagnosis Of ADHD Discussed In Boston
Globe Magazine
Boston Life Sciences' (NASDAQ: BLSI) will review
the clinical development
strategy for its Attention Deficit Hyperactivity
Disorder (ADHD) diagnostic
and therapeutic technologies at the BIO 2000 CEO
& Investor Conference in
NewYork on Wednesday, February 16th.
The Company's diagnostic radioimaging agent, Altropane(TM),
and its
potential application as the first objective, biochemical
test for Attention Deficit
Hyperactivity Disorder (ADHD) is discussed in the
current February 6, 2000
issue of the Boston Globe Magazine. The Boston Globe
article details the
growing concern among parents, educators and health
professionals regarding
the accuracy of current purely psychosocial criteria
used to diagnose ADHD,
particularly in children, and the related problem
of the inappropriate use
of potentially addictive stimulant medication for
this poorly-defined
condition.
The potential utility of Altropane as an ADHD diagnostic
was also previously
featured in the November 22, 1999 issue of Business
Week. The initial
clinical study results demonstrating that Altropane
could detect a significantly abnormal elevation
in the number of dopamine transporters (DATs) in
the brains of subjects with longstanding ADHD were
published in the December 17, 1999 issue of the
prestigious British medical journal The Lancet.
The Company expects to initiate its Phase II clinical
trial at the end of the
first quarter of 2000, and will be submitting a
Fast Track application for
Altropane in the ADHD indication based on `unmet
medical need', since there
is presently no objective biologic test for ADHD
available.
It is currently estimated that approximately 1.5
million adults and 5 million
children are categorized as ADHD, and an additional
500,000 new cases are
identified annually. The Company believes that Altropane,
if approved, has
the potential to become one of the largest selling
radiopharmaceuticals ever
developed.
The Company will also provide an important update
at the BIO 2000 Conference
of its program to develop therapies for both Parkinson's
Disease and ADHD. BLSI is developing novel diagnostics
for Parkinson's Disease and ADHD as
well as treatments for cancer, autoimmune diseases,
and central nervous system
disorders. In addition to Altropane, BLSI's products
in preclinical
development include: Troponin I, a naturally-occurring
anti-angiogenesis
factor for the treatment of solid tumors; AF-1 and
Inosine, nerve growth
factors for the treatment of acute and chronic CNS
disorders; fusion toxins
for the treatment of cancer and multiple sclerosis;
and transcription
factors that may control the expression of molecules
associated with autoimmune
disease and allergies.
Statements made in this press release other than
statements of historical fact represent forward-looking
statements. Such statements include, without limitation,
statements regarding expectations or beliefs as
to future results or events, such as expected timing
and results of clinical trials,discussions with
regulatory agencies, schedules of IND, NDA and all
other regulatory submissions, the timing of product
introductions, the possible approval of products,
the market size for the Company's products and possible
advantages of the Company's products. All such forward-looking
statements involve substantial risks and uncertainties
and actual results may vary materially from these
statements. Factors that may affect future results
include: regulatory decisions, results of scientific
data from clinical
trials; delays in the regulatory or development
processes; the ability toobtain intellectual property
protection, the outcome of discussions with potential
partners, the availability and adequacy of financial
resources, market acceptance of the Company's products
and other possible risks and uncertainties that
have been noted in reports filed by the Company
with the Securities and Exchange Commission, including
the Company's Annual Report on
Form 10-K/A.
Copyright (C) 2000 Business Wire. All rights reserved.
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