 |
      
|
|
|
|
|
|||||
|
|
December 11, 2002
Neurochem announces multi-million dollar investment by Picchio Pharma Inc. About Picchio Pharma Inc.
Picchio Pharma Inc. is a joint venture company established between Dr. Francesco Bellini and
Power Technology Investment Corporation, a subsidiary of Power Corporation of Canada. Picchio
Pharma's objective is to become a leading Canadian biopharmaceutical company dedicated to
acquiring, developing and commercializing new therapeutic products and technologies. About Neurochem
Neurochem is an industry leader in the development of therapeutic drugs
for central nervous system (CNS) and amyloid-related diseases associated with aging. The
Company has to date advanced three drug candidates to clinical trials: Fibrillex™, for
the life-threatening orphan disease, secondary amyloidosis in a pivotal Phase II/III clinical
trial, Alzhemed™, for the treatment of Alzheimer's Disease advancing to Phase II clinical
trials, and Cerebril™, for hemorrhagic stroke also advancing to Phase II clinical
trials. The Company has built a strong product pipeline by developing a novel, proprietary
series of compounds that inhibit the formation, deposition and toxic effects of amyloid
fibrils within the body. Neurochem's overall therapeutic programs target CNS disorders
including Alzheimer's disease, epileptic seizures caused by head trauma or acute brain
injury, and hemorrhagic stroke (due to cerebral amyloid angiopathy), and other
life-threatening diseases including systemic amyloidosis and amyloid-associated diabetes
type 2. (www.neurochem.com).
All of the statements contained in this news release, other than statements of fact which
are independently verifiable at the date hereof, are forward-looking statements. Such
statements, based as they are on the current expectations of management, inherently involve
numerous risks and uncertainties, known and unknown. Some examples of known risks are: the
impact of general economic conditions, general conditions in the pharmaceutical industry, changes
in the regulatory environment in the jurisdictions in which Neurochem does business, stock
market volatility, fluctuations in costs, and changes to the competitive environment due to
consolidation or otherwise. Consequently, actual future results may differ materially from
the anticipated results expressed in the forward-looking statements.
For further Information, please contact: |
 |
|
 |
|
Our site is best viewed with IE4+ at a resolution of 1024×768. |
|
