Guest guest Posted December 18, 2003 Report Share Posted December 18, 2003 ViroLogic Presents Data Using New Hepatitis C Virus Drug Resistance Assay KAUAI, Hawaii, Dec. 17 /PRNewswire-FirstCall/ -- ViroLogic, Inc. (Nasdaq: VLGC) announced today a presentation on the Company's development of a novel Hepatitis C virus (HCV) drug susceptibility assay with applications in drug discovery and development. The findings were presented by Neil Parkin, Ph.D., Scientific Director of Research at ViroLogic, at the 5th biennial HepDART meeting " Frontiers in Drug Development for Viral Hepatitis " held in Kauai, Hawaii, December 14-18. " Recent research advances have boosted understanding of Hepatitis C virus replication and provided the biopharmaceutical industry with several new targets for potential therapeutic intervention, " said Bill Young, ViroLogic's Chairman and Chief Executive Officer. " The HepDART presentation illustrates how ViroLogic's expertise in virology and assay development can be applied to facilitate the development of therapeutics for the treatment of this serious chronic disease. " The study entitled, " Sequence Analysis of NS5B in Genotype 1 HCV: Extensive Sequence Variability and Naturally Occurring Polymorphisms Which May Affect Polymerase Inhibitor Activity " characterized the natural genetic variation in HCV polymerase (NS5B) using ViroLogic's newly developed genotyping assay. The assay is currently available to biopharmaceutical companies for generation of clinical data for evaluation of a promising new class of anti-HCV drugs that target the viral polymerase. Dr. Parkin also described the Company's ongoing effort to assemble a large database of complete genotype 1 NS5B sequences, which has already uncovered significant diversity. By mapping the regions of genetic variability to the structure of the polymerase, drug developers may be able to target areas of least variation for drug development and predict potential baseline variability in viral susceptibility to candidate anti-HCV drugs. ViroLogic is also developing a phenotypic assay to assess the effect this natural variation has on drug susceptibility. About Hepatitis C Hepatitis C is one of the most common chronic blood-borne infections in the United States. According to the U.S. Centers for Disease Control and Prevention, approximately 3.9 million Americans are infected with HCV. Currently, no vaccine is available to prevent new HCV infections. Left untreated, chronic HCV infection often leads to end stage liver disease and is the leading reason for liver transplantation in the United States. In contrast to the current treatment of chronic HCV infection, a combination of interferon and ribavirin, the next generations of anti-HCV drugs are designed to target specific viral proteins and directly block critical steps in the HCV replication cycle. About ViroLogic ViroLogic is a biotechnology company advancing individualized medicine by discovering, developing and marketing innovative products to guide and improve treatment of serious viral diseases such as AIDS and hepatitis. The company's products are designed to help doctors optimize treatment regimens that lead to better patient outcomes and reduced costs. ViroLogic's technology is also being used by numerous biopharmaceutical companies to develop new and improved anti-viral therapeutics and vaccines targeted at emerging drug-resistant viruses. More information about the Company and its technology can be found on its web site at http://www.virologic.com. Certain statements in this press release are forward-looking. These forward-looking statements are subject to risks and uncertainties and other factors, which may cause actual results to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. These risks and uncertainties include, but are not limited to, the risk that the Company's products for patient testing may not continue to be accepted or that increased demand from physicians or from drug development partners may not develop as anticipated, the risk that ViroLogic may not continue to realize anticipated benefits from its cost-cutting measures, the timing of pharmaceutical company clinical trials, whether payors will authorize reimbursement for its products, whether the FDA or any other agency will decide to regulate ViroLogic's products or services, whether the Company will encounter problems or delays in automating its processes, whether ViroLogic successfully introduces new products, whether others introduce competitive products, whether intellectual property underlying the Company's technology is adequate, whether licenses to third party technology will be available, whether ViroLogic is able to build brand loyalty and expand revenues, and whether ViroLogic will be able to raise sufficient capital when required. For a discussion of other factors that may cause ViroLogic's actual events to differ from those projected, please refer to the Company's most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other subsequent filings with the Securities and Exchange Commission. SOURCE ViroLogic, Inc. Quote Link to comment Share on other sites More sharing options...
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