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Biocompatibles International plc - Statement re Acquisition of Cancer Diagnostic Product

 
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    Nov 18, 2009 (PR Newswire Europe via COMTEX) ----

    BIOCOMPATIBLES INTERNATIONAL PLC
       
       ("Biocompatibles" or the "Company")
       
       Acquisition of Cancer Diagnostic Product and related Intellectual Property
       
       MoleMateTM - enables early detection of cancerous moles
       
       Farnham UK, 18 November 2009: Biocompatibles plc, the medical technology
       company, is pleased to announce the acquisition of the inventory and
       intellectual property assets of Astron Clinica Limited ("Astron") (in
       administration). The gross assets acquired are GBP200,000 and the purchase has
       been funded out of existing cash resources.
       
       Astron's principal products, MoleMate(TM) and MoleView(TM)
       broaden the product
       portfolio of Biocompatibles' Oncology Products Division and are non-invasive
       melanoma visualisation, diagnostic and data storage systems that are sold to
       General Practitioners, Dermatologists and cancer screening clinics.
       
       The technology is already in use, principally in Australia and in the UK and
       will be progressively launched into more territories during the course of 2010.
       The current year financial implications are covered within Biocompatibles'
       financial guidance, which was updated on 4 November 2009.
       
       The technology has been evaluated in three clinical trials which have recruited
       more than 1500 patients assessed with MoleMate. In the most recent, a
       substantial UK primary care trial, the rate of Sensitivity (True Positives) and
       Specificity (True Negatives), the key yardsticks of diagnostic tests, were 96%
       and 83% respectively (1); and compared favourably on both measures with benchmark
       rates from GPs using conventional techniques of 67% and 75% respectively.
       
       Crispin Simon, Chief Executive Officer, commented:
       
       "Most people are aware of the benefits of timely cancer screening. Melanoma is
       relatively easy to screen yet typically fatal if detected late. This technology
       delivers accurate results at an affordable cost in a location, such as a GP's
       surgery, that is convenient to patients."
       
       Mr Per Hall, FRCS (Plast) Consultant Plastic and Reconstructive Surgery,
       commented:
       
       "Mole-Mate(TM) is essentially an `optical biopsy' - an appealing
       concept to
       doctors and patients."
       
       Dr Graham Campbell, Galston Medical Centre, New South Wales, Australia, added:
       
       "MoleMate gives you more information to base your judgement on. Previously I
       may have looked at a mole and put off doing anything. In one or two cases, when
       viewed through MoleMate they have been nastier than I thought and they were cut
       out."
       
       (1) Hunter et al: Data presented at British Association of Dermatologists, July 2006
       
       
       -ends-
       
       A short video explanation of MoleMate (2m 30s) is available to download at
       http://siascopy.biocompatibles.com
       
       Contact:
       
       Biocompatibles +44 (0)1252 732732
       
       Crispin Simon, Chief Executive
       
       Ian Ardill, Finance Director
       
       Anna Keeble +44 (0)7879 818876
       
       Julian Walker +44 (0)20 7357 9477
       
       Notes to editors
       
       MoleMate(TM) is a non-invasive melanoma visualisation and diagnostic
       device,
       specifically designed for General Practitioners and other medical professionals
       not specialising in the diagnosis of malignant melanoma. It enables them to
       more efficiently and accurately make a decision to excise a lesion, or refer
       the patient to a Dermatologist or to immediately reassure the patient that
       their lesion is not suspicious.
       
       General Practitioners, without a MoleMate, but who are willing to assess a
       suspicious lesion, currently typically use a seven-point test. MoleMate allows
       GPs to base their decisions on more extensive observations and the application
       of a clinically-validated software-based assessment system, thereby improving
       the quality of diagnosis and, ultimately, patient outcomes.
       
       MoleView(TM), like MoleMate, is a non-invasive visualisation
       and diagnostic device
       but with added features designed for Dermatologists and other skin specialists.
       
       Biocompatibles International plc (www.biocompatibles.com)
       
       Biocompatibles International plc is a leading medical technology company in the
       field of drug-device combination products.
       
       The Oncology Products Division supplies medical devices from facilities in
       Farnham, UK and Oxford, CT. These include Drug-Eluting Bead Products which are
       used in more than 35 countries for the treatment of primary liver cancer (HCC),
       liver metastases from colorectal cancer, and other cancers; and Brachytherapy
       products (Radiation-Delivering Seeds) which are used in the treatment of
       prostate cancer. Our distribution partners include AngioDynamics Inc., Terumo
       Corporation and Eisai Co. Ltd. We have a clinical collaboration agreement with
       Bayer Healthcare Pharmaceuticals Inc.
       
       Our Licensing Division includes CellMed, in Alzenau, Germany, which is
       developing a Drug-Eluting Bead product for the treatment of stroke, based on
       proprietary stem cell technology; a GLP-1 analogue for the treatment of
       diabetes and obesity partnered with AstraZeneca; and a cosmetic Dermatology
       Bead partnered with Merz Pharmaceuticals GmbH. We also have a PC Licensing
       agreement with Medtronic Inc. in the field of Drug-Eluting Stents.
       
       This news release contains forward-looking statements that reflect
       Biocompatibles' current expectation regarding future events. Forward-looking
       statements involve risks and uncertainties. Actual events could differ
       materially from those projected herein and depend on a number of factors
       including the success of Biocompatibles' research strategy, the applicability
       of the discoveries made therein, the successful and timely completion of
       clinical studies and the uncertainties related to the regulatory and
       commercialisation processes.
       
       Hunter et al: Data presented at British Association of Dermatologists, July
       2006
       
       
       
       END
       
    Copyright (C) 2009 PR Newswire Europe

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