PharmaCyte Biotech Inc (PMCB)

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PharmaCyte Biotech Provides Link to Orphan Drug Designation for Its Pancreatic Cancer Treatment

SILVER SPRING, Md., Nov. 24, 2015 (GLOBE NEWSWIRE) -- PharmaCyte Biotech, Inc. (OTCQB:PMCB), a clinical stage biotechnology company focused on developing targeted treatments for cancer and diabetes using its signature live-cell encapsulation technology, Cell-in-a-Box®, announced today that the European Commission has updated its website to reflect that PharmaCyte Biotech Europe Limited, a subsidiary of PharmaCyte Biotech, Inc., is the “sponsor” or holder of the Orphan Drug designation in Europe for PharmaCyte’s pancreatic cancer treatment.

The European Commission’s website is now available to verify that the Orphan Drug designation has been obtained by PharmaCyte. View the European Commission’s updated page here: http://ec.europa.eu/health/documents/community-register/html/o149.htm

PharmaCyte has been assured that the European Medicines Agency (EMA) is in the process of updating its records to reflect that PharmaCyte has obtained the Orphan Drug designation. Receiving the Orphan Drug designation in Europe for PharmaCyte’s pancreatic cancer treatment carries with it 10 years of marketing exclusivity in countries in the European Union. In addition, the EMA provides special assistance in the development of PharmaCyte’s treatment for pancreatic cancer.

The Orphan Drug designation in the European Union is given to drugs for life-threatening diseases with low prevalence, or that make it unlikely an investment in a drug would be cost justified to treat the life threatening disease, and that the drug has been shown to provide a significant benefit to patients being treated by the drug.

- See more at: http://globenewswire.com/news-release/2015/11/24/789994/0/en/PharmaCyte-Biotech-Provides-Link-to-Orphan-Drug-Designation-for-Its-Pancreatic-Cancer-Treatment.html#sthash.sIIpSQY1.dpuf