Nuclear Technology Targeting Bone Cancer Receives European Patent Office Approval
Monday, December 21st, 2020 @ 11:36PM
Put this biotech on your radar immediately… here’s why…!
QSAM Biosciences, Inc. (OTCQB: QSAM), is developing next generation nuclear technologies for the treatment of bone cancer.
The European Patent Office (EPO) has allowed the first patent covering “DOTMP kit formulations for radioisotopes.” This is the first patent outside the United States and is in addition to the two prior patents issued by the United States Patent & Trademark Office (USPTO) covering “High purity and low specific activity therapeutic bone agents.”
The EPO patent allowance covers technology licensed exclusively by QSAM from IGL Pharma, Inc. that protects the radiopharmacy preparation of CycloSam.
The DOTMP kits, which refer to the chelating agent that binds the radioisotopes to growing cells in the bone and is believed by management to reduce toxicity and increase efficacy of the drug candidate, are a crucial component of the Cyclosam radiopharmaceutical product.
CycloSam®, is a clinical-staged bone targeting “radiopharmaceutical” that is cleared by the FDA (under an investigator IND) to commence human dosing immediately in patients with Osteosarcoma (malignant tumors) and Bone Metastasis (cancer that has spread to the bone from the breast, prostate and other areas).
THE BOTTOM LINE:
Early-stage bio-techs are generally dependent on three things: good technology; adequate financing; and most importantly [IMHO]… great management.
Richard Baum, CEO brings over 28 years of bioscience and biotech industry experience… and the new Executive Chairman, Richard Piazza has more than 45 years of healthcare experience in both medical devices and pharmaceutical/biotech development.
Together, they have raise over $200 million in capital to fund breakthrough technologies… which is certainly what CycloSam® looks like.
Do your research on (OTCQB: QSAM) and consider adding it to your biotech portfolio… today’s $0.50 range looks like a very good entry point.
Mike Casson, Executive Editor MicroCap MarketPlace (MCMP)
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