Vancouver, British Columbia–(Newsfile Corp. – June 9, 2021) – Pascal Biosciences (TSXV: PAS) (OTC Pink: PSCBF) (FSE: 6PB), a biotechnology company targeting innovative therapies for serious diseases, including COVID-19, has been awarded a grant from the National Cancer Institute of the US National Institutes of Health. This two-year grant of US$343,750 will fund development of Pascal’s antibody drug for Acute Lymphoblastic Leukemia or “ALL”.
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More than 6,000 patients are diagnosed with this type of leukemia in North America each year, with about half being children, making this the most common childhood leukemia.
Pascal’s drug will be eligible for orphan drug designation, which can enable financial incentives and a seven year marketing exclusivity. Although the number of patients with ALL is relatively small, the market potential for Pascal’s drug could be significant. Other cancer products for orphan diseases have proven to be financially successful, selling over $1 billion each year.
The company has filed for patent protection for its ALL treatment.
Pascal recently appointed Mark van der Horst as President. As the president of Gale Capital Corporation since 1993, Mark has extensive capital markets experience and has been CEO of two publicly listed companies on the Canadian Securities Exchange.
The shares are currently trading at $0.12 on the TSX Venture Exchange and recently began trading on the OTC markets under the symbol PSCBF.
For more information, please visit the company’s website at www.PascalBiosciences.com, contact Dr. Patrick W. Gray, CEO, at 206-221-3443, or by email at [email protected]. For investor relations, contact Mark van der Horst, President, at 604-760-7604 or by email at [email protected].
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