RYE, N.Y., June 26, 2013 /PRNewswire/ -- Curemark LLC CEO Dr. Joan Fallon addressed a conference of senior Obama administration officials at the White House last week on the need for government support of early-stage life sciences companies.
Speaking to representatives of the White House Office of Technology and Science, the Department of Health and Human Services and the Food and Drug Administration, Dr. Fallon highlighted the benefits of government partnership with entrepreneurs to foster life sciences innovation. "There are still a host of unmet medical needs. Government can spur innovation and accelerate life cycles so that greater numbers of new treatments can get to patients," she said.
Dr. Fallon proposed a new initiative, "The Federal Life Sciences Startup Package," which would provide government support to early-stage life science companies. The proposal focuses on helping these companies manage costs for both research and development and intellectual property protection.
After the conference, Dr. Fallon commented further about her proposed Federal Life Sciences Startup Package. "Start-ups and small business are the life blood of American job creation," she stated. "Incentives like this would provide significant help for small companies with innovative life science technologies."
The full transcript of Dr. Fallon's remarks can be found at:
About Curemark LLC
Curemark is a drug research and development company focused on the treatment of neurological and other diseases, especially those with dysautonomic components, by addressing certain key gastrointestinal/pancreatic secretory deficiencies. The company previously announced that its Phase III double blind randomized placebo controlled multicenter clinical trial of CM-AT for autism met its primary and secondary endpoints. To learn more about our innovative science, visit www.curemark.com
This news release contains forward-looking statements that involve risks and uncertainties that could cause our actual results and experiences to differ materially from anticipated results and expectations expressed in such forward-looking statement. These forward-looking statements include, without limitation, statements regarding the mechanism of action of the Curemark products CM-AT, CM-4612 and CM-182 their potential advantages, their potential for use in treating diseases or disorders, as well as the timing, progress and anticipated results of the clinical development and regulatory processes concerning the Curemark products CM-AT, CM-4612 and CM-182. These statements are based on our current beliefs and expectations as to such future outcomes, and are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. Factors that might cause such a material difference include, among others, risks that the results of clinical trials will not support our claims or beliefs concerning the effectiveness of the Curemark products CM-AT, CM-4612 and CM-182, our ability to finance our development of CM-AT, CM-4612 and CM-182 regulatory risks, and our reliance on third party researchers and other collaborators. We assume no obligation to update these statements, except as required by law.
SOURCE Curemark LLC