AnPac Bio Granted a New US patent on Novel Medical Device for Multi-Cancer DetectionContinues to Innovate and Build Strong IP Portfolio
SAN JOSE, Calif., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Anpac Bio-Medical Science Co., Ltd. (“AnPac Bio,” the “Company” or “we”) (NASDAQ: ANPC), a biotechnology company with operations in China and the United States focused on early cancer screening and detection, announced today that a new U.S. patent titled “Apparatus for Detecting Tumor Cells” (patent number 10,895,573) was granted to the Company by the United States Patent and Trademark Office on January 19, 2021, AnPac Bio’s 20th patent granted in the U.S. The patent contains 38 claims and covers a range of novel features for multi-cancer detection, which has become increasingly important, and covers the cancer detection apparatus, components of the apparatus, reagents, detection mechanisms, and a wide range of detection parameters, including bio-physical properties.
AnPac Bio has been focusing on innovation and IP build-up since its inception, with over 200 patent applications filed including over 100 patents issued in nearly 20 countries and regions. In particular, AnPac Bio has devoted significant efforts and resources in intellectual property (IP) protection in the U.S., with 20 U.S. patents issued and more U.S. patent applications pending.
Dr. Chris Yu, AnPac Bio’s CEO, commented: “We are very proud of having another U.S. patent issued in the critical space of multi-cancer detection, which is a significant market and is expected to continue to grow. Some of the novel aspects and technology components in the issued patent are being implemented into our new cancer screening products which will have enhanced detection performance and are expected to have more competitive advantages over traditional cancer screening and detection technologies. Further, the 20th U.S. patent issued to AnPac Bio strengthens our patent portfolio and IP protection of our novel technology and products.”
About AnPac Bio
AnPac Bio is a biotechnology company focused on early cancer screening and detection, with 128 issued patents as of June 30, 2020. With two certified clinical laboratories in China, as well as one CLIA and CAP accredited clinical laboratory and one CLIA registered clinical laboratory in the U.S., AnPac Bio performs a suite of cancer screening and detection tests, including CDA (Cancer Differentiation Analysis), bio-chemical, immunological, and genomics tests. According to Frost & Sullivan, AnPac Bio ranked third worldwide among companies offering next-generation early cancer screening and detection technologies in terms of the number of clinical samples for cancer screening and detection, based on approximately 41,700 clinical samples as of May 2020. AnPac Bio’s CDA technology platform has been shown in retrospective validation studies to be able to detect the risk of over 20 different cancer types with high sensitivity and specificity.
For more information, please visit: https://www.Anpacbio.com.
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Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including the statements from the Company’s management. These forward-looking statements are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and are relating to the Company's future financial and operating performance. The Company has attempted to identify forward-looking statements by terminologies including "believes," "estimates," "anticipates," "expects," "plans," "projects," "intends," "potential," “target,” “aim,” “predict,” “outlook,” “seek,” “goal” “objective,” “assume,” “contemplate,” “continue,” “positioned,” “forecast,” “likely,” "may," "could," "might," "will," "should," "approximately" or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are based on current expectations, assumptions and uncertainties involving judgments about, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. These statements also involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results to be materially different from those expressed or implied by any forward-looking statement. Known and unknown risks, uncertainties and other factors include, but are not limited to, the implementation of our business model and growth strategies; trends and competition in the cancer screening and detection market; our expectations regarding demand for and market acceptance of our cancer screening and detection tests and our ability to expand our customer base; our ability to obtain and maintain intellectual property protections for our CDA technology and our continued research and development to keep pace with technology developments; our ability to obtain and maintain regulatory approvals from the NMPA, the FDA and the relevant U.S. states and have our laboratories certified or accredited by authorities including the CLIA; our future business development, financial condition and results of operations and our ability to obtain financing cost-effectively; potential changes of government regulations; general economic and business conditions in China and elsewhere; our ability to hire and maintain key personnel; our relationship with our major business partners and customers; and the duration of the coronavirus outbreaks and their potential adverse impact on the economic conditions and financial markets and our business and financial performance, such as resulting from reduced commercial activities due to quarantines and travel restrictions instituted by China, the U.S. and many other countries around the world to contain the spread of the virus. Additionally, all forward-looking statements are subject to the “Risk Factors” detailed from time to time in the Company's most recent Annual Report on Form 20-F and other filings with the U.S. Securities and Exchange Commission. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.