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| [January 07, 2013] |
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CytoDyn to Attend 31st Annual J.P. Morgan Healthcare Conference
PORTLAND, Ore. --(Business Wire)--
CytoDyn Inc. ("CytoDyn") (OTC QB: CYDY), a biotechnology company focused
on the development of new therapies for combating infection with immune
deficiency viruses, today announced that it will be presenting an update
on the company's technology during the 31st Annual J.P. Morgan
Healthcare Conference on January 9, 2013 at 3:15 PM PT. More information
regarding the conference can be found at http://www.ebdgroup.com/bts/index.php.
"The Biotech Partnering Showcase held in conjunction with the J.P.
Morgan meeting is an excellent venue for CytoDyn to feature the
Company's exciting development initiatives, including development of our
Phase II PRO 140 antiretroviral humanized monoclonal antibody product,
with many of the industry's leading participants." said Dr. Pourhassan,
CytoDyn's CEO and President. "We are looking forward to the opportunity
to present a concise and up-to-date review of the company's progress
over the last year as well as our acquisition of our new anti-HIV
program PRO 140."
Richard Trauger, CSO, will present an overview of the company's programs
on Wednesday January 9th at 3:15 pm. The presentation can be
viewed live at the specified time online at: http://www.media-server.com/m/p/49iya8t6.
This presentation will be followed by a breakout Q&A open to the
conference participants. The webcast will be available approximately one
hour after the webcast presentation ends and is accessible for 90 days.
The Company
CytoDyn is a biotechnology company focused on the development of new
therapies for combating infection with immune deficiency viruses and
other antibody applications. Its proprietary drug candidate PRO 140 is a
humanized monoclonal antibody which has demonstrated the ability to
block the entry of HIV virus into human white blood cells by binding to
a cell surface protein known as CCR5. PRO 140 has completed Phase I and
Phase IIa human clinical trials. CytoDyn intends to continue to develop
PRO 140 as a therapeutic anti-viral agent in persons infected with the
Human Immunodeficiency Virus ("HIV"). In addition, CytoDyn is seeking
partners for the development of another proprietary monoclonal antibody
for the treatment of Feline Immunodeficiency Virus ("FIV"), a retroviral
infection in cats. CytoDyn recently filed for a provisional patent for
the use of these anti-FIV antibodies as well as selected small molecule
antagonists and agonists for the treatment of FIV, and filed an
application for registration of the trademark CytoFeline, intended for
use in conjunction with veterinary preparations for the treatment of
FIV. For more information please go to www.cytodyn.com.
Forward-Looking Statements
This press release includes forward-looking statements and
forward-looking information within the meaning of United States
securities laws. These statements and information represent CytoDyn's
intentions, plans, expectations and beliefs, and are subject to risks,
uncertainties and other factors, of which many are beyond CytoDyn's
control. These factors could cause actual results to differ materially
from such forward-looking statements or information. The words
"believe," "estimate," "expect," "intend," "attempt," "anticipate,"
"foresee," "plan," and similar expressions and variations thereof,
identify certain of such forward-looking statements or forward-looking
information, which speak only as of the date on which they are made.
CytoDyn disclaims any intention or obligation to publicly update or
revise any forward-looking statements or forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable law. Readers are cautioned not to place
undue reliance on these forward-looking statements or forward-looking
information.
While it is impossible to identify or predict all such matters, these
differences may result from, among other things, the inherent
uncertainty of the timing and success of, and expense associated with,
research, development, regulatory approval and commercialization of our
products and product candidates, including the risks that clinical
trials will not commence or proceed as planned; products appearing
promising in early trials will not demonstrate efficacy or safety in
larger-scale trials; future clinical trial data on our products and
product candidates will be unfavorable; our products will not receive
marketing approval from regulators or, if approved, fail to gain
sufficient market acceptance to justify development and
commercialization costs; competing products currently on the market or
in development may reduce the commercial potential of our products;
CytoDyn, our collaborators or others may identify side effects after the
product is on the market; or efficacy or safety concerns regarding
marketed products, whether or not scientifically justified, may lead to
product recalls, withdrawals of marketing approval, reformulation of the
product, additional pre-clinical testing or clinical trials, changes in
labeling of the product, the need for additional marketing applications,
or other adverse events.
We are also subject to additional risks and uncertainties, including
risks associated with the actions of our corporate, academic and other
collaborators and government regulatory agencies; risks from market
forces and trends; potential product liability; intellectual property,
litigation, environmental and other risks; and risks that current and
pending patent protection for our products may be invalid, unenforceable
or challenged, or fail to provide adequate market exclusivity. There are
also substantial risks arising out of our need to raise additional
capital to develop our products and satisfy our financial obligations;
the highly regulated nature of our business, including government
cost-containment initiatives and restrictions on third-party payments
for our products; the highly competitive nature of our industry; and
other factors set forth in our Annual Report on Form 10-K and other
reports filed with the U.S. Securities and Exchange Commission.

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