BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Ritter Pharmaceuticals, Inc. Wins Top Awards at Venture Capital Investment Competition


10/12/2010 11:10:33 AM

LOS ANGELES, CA--(Marketwire - October 11, 2010) -

Ritter Pharmaceuticals, Inc. (http://www.ritterpharmaceuticals.com/), a biological therapeutics company with a focus on digestive diseases, won the grand prize and audience favorite awards in the Tech Coast Angels' 4th annual Quick Pitch Competition. The Quick Pitch Competition featured 14 finalists who each gave a brief presentation on their business investment opportunity in front of a panel of industry judges and an audience of over 500 leaders within the entrepreneurial community.

CEO Andrew Ritter focused his presentation on the company's flagship product, RP-G28, which is being developed as the first prescription drug to treat lactose intolerance long-term. His presentation not only won the grand prize, but also overwhelmingly won the audience popular vote. "This was a great opportunity to share our vision," said Ritter. "The positive feedback we received from the audience reflects the broad interest in new treatments for lactose intolerance, a condition that afflicts as many as 80 million people in North America and 4.3 billion internationally."

During his presentation, Ritter shared his personal story of suffering from lactose intolerance and how the condition dramatically affected his health and lifestyle. He described how living with lactose intolerance motivated him to found Ritter Pharmaceuticals to seek a solution and to help the millions of others who also suffer from the condition. Currently, there is no effective or fully reliable treatment available for lactose intolerance. Ritter also discussed the future possibilities for RP-G28, saying "I look forward to taking RP-G28 through clinical trials and hope our product will one day improve the lives of sufferers around the world."

About Lactose Intolerance
Lactose intolerance is the inability to digest dairy products, such as milk, ice cream, cheese and pizza. Symptoms include a combination of digestive discomfort including gas, cramping, bloating or diarrhea. Beyond the painful, uncomfortable and embarrassing gastrointestinal consequences, the disease can increase the long-term health risks for osteoporosis, hypertension, and certain cancers, including colon and breast.

Lactose intolerance represents a large and underpenetrated global market. A unique mechanism of action gives RP-G28 the potential to be the only therapeutic regimen designed to impact the natural factors of the disease and alleviate the symptoms of lactose intolerance on a long-term basis. Following FDA acceptance of an Investigational New Drug (IND) application for RP-G28, Ritter Pharmaceuticals is prepared to begin Phase 2 clinical development.

About Ritter Pharmaceuticals:
Ritter Pharmaceuticals is committed to the discovery, development and commercialization of innovative therapeutic treatments for gastrointestinal diseases. The Company's scientific platform of gastrointestinal physiology, metabolism and gut adaptation brings creativity to providing unique therapeutic approaches to a variety of GI diseases, including lactose intolerance, irritable bowel syndrome, Crohn's disease, and ulcerative colitis. Ritter's mission is to help individuals live a healthier and happier lifestyle through improving one's digestion and overall well-being.


For more information contact:
Justin Chandler
Email Contact



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES