TORONTO, ONTARIO--(Marketwire - Sept. 26, 2012) - (NASDAQ:PANG)(OTCBB:PANG) - Canadian healthcare providers could soon have access to a powerful new laboratory test for the detection and ongoing management of four common types of cancer, including those from lung, prostate, breast and colon. This test could be used by physicians in the workup of a suspected cancer case; and may also be employed to monitor remission and recurrence.
The simple blood test detects the presence of the human aspartyl (asparaginyl) β-hydroxylase (HAAH), a novel biomarker expressed in malignant cancer cells, in patients' blood samples. HAAH levels are measured using an ELISA assay. In a double blind study of 857 samples, conducted previously by Panacea, the test showed 94.7% sensitivity, 94.3% specificity and an overall accuracy of 94.6%. Recently three papers were presented by Panacea Global Inc. (PANG-OTCBB, NASDAQ) at the World Cancer Congress in Montreal, Canada, 2012; and at the 5th Oncology Biomarkers Conference, Zurich, Switzerland, 2012. These were entitled "Early Diagnosis of Cancer; HAAH-Based Serum Immunoassay", "HAAH-based monitoring of Cancer Remission/Recurrence" and "HAAH: A Biomarker for Companion Diagnostics in Breast, Lung, Prostate, and Colorectal Cancer".
Therefore, doctors who suspect the presence of cancer in a patient may soon have a simple, cost effective and quick test to aid in the diagnosis of cancer. Furthermore oncologists may soon be able to monitor the levels of HAAH, as an indicator of remission or recurrence of disease.
Panacea Global Inc. (PANG-OTCBB, NASDAQ) has signed an exclusive three year laboratory service agreement with Gamma-Dynacare Medical Laboratories to establish and perform the ELISA assays; and will perform additional clinical trials confirming the efficacy of the test.
"Once the assay is fully established, we will be one step closer to making this unique test available to Canadians", commented Dr. Mahmood Moshiri, President and CEO of Panacea Global Inc. (PANG-OTCBB, NASDAQ).
About Gamma-Dynacare Medical Laboratories:
Gamma-Dynacare is one of Canada's largest and most respected providers of laboratory services and solutions, with more than 50 years of experience serving Canadians. Each day, the company supports tens of thousands of patients, healthcare professionals and public and private sector clients with the efficient collection and transportation of specimens, accurate testing in its state-of-the-art laboratories and prompt reporting of results. More information about Gamma-Dynacare is available at www.gamma-dynacare.com.
About Panacea Global Inc. (PANG-OTCBB, NASDAQ):
Panacea Global is a biotechnology company focused on the discovery, development and commercialization of diagnostic products for the management of cancer. The laboratory's lead program is to provide accurate, timely, cost effective and non-invasive testing across the globe to increase the quality of life of patients and ultimately saving lives. Panacea Global has the exclusive worldwide (excluding the USA) rights to HAAH-based laboratory cancer tests. More information about Panacea Global Inc. (PANG-OTCBB, NASDAQ) is available at www.panaceaglobalinc.com.
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