Scandinavian Clinical Nutrition to Become World Leader Within Diagnosis and Research in the Field of Virus-Induced Obesity
2008-04-08 09:51:00
Scandinavian Clinical Nutrition to Become World Leader Within Diagnosis and Research in the Field of Virus-Induced Obesity
STOCKHOLM, SWEDEN–( EMWNews – April 8, 2008) – Scandinavian Clinical Nutrition
(SCN) (Ticker: SCN) signed a world-wide license agreement for the
patent rights to the obesity related virus adenovirus 36 (AD36). The
agreement is signed between SCN and the internationally renowned researcher
and professor Richard
L. Atkinson. In conjunction with the agreement, SCN has initiated
additional research cooperation with Karolinska Institutet in Stockholm,
one of Europe’s leading medical universities, and Professor Atkinson. SCN
aims for a commercial launch of its first diagnostic tests within six to
twelve months.
Atkinson says, “The results from a number of research projects indicate
that between 30 and 57 percent of obese people and as much as 18 percent of
lean people could be infected by the human adenovirus AD36.”
Results from animal testing show that nearly all individuals infected by
the virus had significantly more fat compared with a control group of lean
animals, even though their food intake was in fact less.
“The virus transforms ordinary cells into fat producing cells. It is,
therefore, of utmost importance that we develop reliable screening tests to
identify people who are infected by the virus, and that we also combine
this with efficient treatment,” said Akinson.
Martin Schalling, Professor of Medical Genetics at Karolinska Institutet, says, “On the basis of
the research results so far, we find it highly likely that the AD36 is an
important factor in the epidemic and global development of obesity, which
is one of the biggest and fastest growing public health concerns of our
time. We look forward to taking an active role in this critical field of
research.”
In conjunction with these agreements, SCN has established a subsidiary
called Scandivir AB. SCN owns 71 percent of the shares in Scandivir AB,
while Professor Atkinson, through his company
Obetech, owns 25 percent and the remaining 4 percent are held by three
smaller investors. The purpose of Scandivir AB is to develop diagnostic
screening tests for both hospitals and private use. The screening tests
should easily show if a person either carries AD36 or has developed
antibodies. Further, the purpose is also to develop different types of
treatment such as diets and preparations.
Ulf Söderberg, CEO of SCN, says, “Given the research conducted by Professor
Atkinson and Karolinska Institutet, we see enormous potential in the field
virus-induced obesity. Our vision is that everyone is tested for the
virus and that diagnostic tests are standard at hospitals and health care
centers world-wide.”
SCN has previously announced a license agreement for the substance NGNA as
potential treatment of AD36. Scandivir AB will continue the development of
this substance against AD36 and other viruses.
The estimated investment need for SCN to develop diagnostic tests for
commercial launch is limited to no more than US $2 million. Prior to the
commercial launch, SCN will look to contact corporate partners. Any
additional funding needs will be met through the capitalization of
Scandivir AB.
Background material, high-resolution images, a web-cast from today’s press
conference and clinical studies are available at www.scnutrition.com/press.
Scandinavian Clinical Nutrition AB (publ) works in R&D and sales of
scientifically documented products within the field of nutrition
(nutraceuticals). Established in 2006, SCN maintains a product portfolio
with established trademarks, such as CUUR, Coldizin, Immulina and Ledactin. Core
competence and strategic alliances within both R&D and sales, in
combination with innovative and scientifically documented products, create
the right conditions for profitable growth on the international market. The
shares of SCN are traded under the ticker “SCN” on Oslo Axess
(www.osloaxess.no) and NGM Equity (www.ngm.se).
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