Bio-Matrix Scientific Group and Therinject LLC Begin Development of Tumor Banking Facility in Conjunction with Cancer Therapeutic Vaccine
SAN DIEGO-(Business Wire)-September 23, 2009 - Bio-Matrix Scientific Group, Inc. (OTCBB: BMSN) announced today that the Company and Therinject LLC have begun development of a tumor banking facility. Tumor banking will allow storage and ease of sourcing for tumor cells to be utilized in cancer vaccines.
Therinject’s Chief Scientific Officer, Steven Josephs, Ph.D. said, “I believe tumor banking potentially provides a major resource for future cancer research. It will allow researchers to quickly access specimens and cells from a variety of tumors, facilitating the development of antigens for immuno-therapies.”
A spokesperson for the Company noted that tumor banking dovetails into the areas of immuno-therapeutic vaccines currently being pursued by both the Company and the Company’s majority owned subsidiary, Entest BioMedical, Inc. (OTCBB: ENTB).
Both the Company and Entest BioMedical, Inc. are working with Therinject to develop immuno-therapeutic cancer treatments initially intended for veterinary applications while gathering data in support of human clinical trials.
Bio-Matrix Chairman & CEO David Koos stated, “Cancer is the #1 cause of death among dogs. It’s estimated that 1 out of every 3 dogs will get cancer. There are estimated to be approximately 74.8 million owned dogs in the United States and 39% of US households have at least one dog.”
As previously noted by the Company, it expects once their immuno-therapeutic cancer vaccine is in the hands of veterinarians it should generate 6,000 treatment cases in the first year at $3,000 per case. The tumor bank is a major factor in facilitating this revenue.
About Bio-Matrix Scientific Group
Bio-Matrix Scientific Group Inc. (OTCBB: BMSN) is a biotech research and development company headquartered in San Diego, Ca. with a 15,000 sq. ft. facility that houses two secure cryogenic stem cell banks, three research laboratories, aseptic cellular/tissue class 10,000/100 processing lab, hematology, microbiology and flow cytometry laboratories.
Follow the Company’s progress on Twitter: http://twitter.com/BMSN1.
About Entest BioMedical Inc.:
Entest BioMedical Inc. (OTCBB: ENTB) is a majority owned subsidiary of Bio-Matrix Scientific Group Inc. The Company is involved with the development of testing procedures for diabetes, cancer treatment, stem cell research applications for diabetes and other illnesses. The Company also is involved with medical device development (including stem cell extraction instrumentation). Entest BioMedical website is
Disclaimer
This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
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