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Biotech News
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Edited for Send2Press by Carly Zander
Health Discovery Corporation Completes the Acquisition of Fractal Genomics
WACO, Texas - January 2, 2004 /Send2Press Newswire/ -- Health Discovery Corporation, Inc. (OTCBB: HDVY) today announced the completion of the acquisition of Fractal Genomics in San Francisco, California. Fractal Genomics was founded by Sandy Shaw, a former bioinformatics specialist at the University of California, San Francisco and former computer scientist and software engineer with over twenty years of experience at Bell Labs, Lockheed Electronics and the University of Hawaii. As part of the acquisition, Sandy Shaw has assumed the position of Vice-President-Fractal Technology with Health Discovery Corporation.
Health Discovery Corporation will immediately begin work on additional research discovery protocols utilizing the newly acquired, patent protected bioinformatics software technology, known as Fractal Genomics Modeling (FGM) to find, link and model patterns of similarity hidden in large amounts of information, such as the clinical databases currently used for diagnostic and drug discovery.
In addition, as a result of the Fractal Genomics acquisition, Health Discovery Corporation is preparing to begin validation studies of the recently discovered and patent protected set of leukemia genes, discovered using the newly acquired Fractal Genomic Modeling (FGM) technique, which was shown to separate ALL-T-cell leukemia from ALL-B-cell leukemia with 100% accuracy. This gene set, now the property of Health Discovery Corporation, was originally presented to the medical and scientific world by Dr. Herbert Fritsche, a world renowned expert in cancer markers and Professor at MD Anderson Cancer Center, at 31st Meeting of the International Society for Oncodevelopmental Biology and Medicine (ISOBM) in Edinburgh, United Kingdom.
"The completion of the acquisition of Fractal Genomics is a very significant first step for Health Discovery Corporation as we move aggressively forward with our business model of acquiring and developing unique tools for diagnostic and drug discovery, as well as, increasing our intellectual property portfolio of patent protected genes and proteins which we hope will become key biomarkers used both for diagnostic testing and as potential drug targets for devastating diseases like cancer, heart disease, diabetes and AIDS," stated Stephen D. Barnhill, M.D., Chairman and Chief Executive Officer of Health Discovery Corporation.
"The discovery, validation, and patent protection of these new biomarkers will help to solidify our position in the international diagnostic and drug discovery market."
"I am looking forward to joining the impressive and accomplished scientific staff at Health Discovery Corporation," remarked Sandy Shaw, founder of Fractal Genomics. "I welcome the opportunity to work closely with pharmaceutical and diagnostic companies worldwide to assist them in identifying novel proteins and pathways critical to diagnosing and treating patients."
• Previous News from Health Discovery Corporation
Nov. 25, 2003
Dr. Tin-Chuen Yeung Named To Health Discovery Corporation Scientific Advisory Board
Nov. 14, 2003
Health Discovery Corporation, Inc. Announces the Appointment of Joe Fanelli to the Management Team as Director of Corporate Development
Nov. 6, 2003
Dr. Bernhard Scholkopf, Max Plank Director, Named To Health Discovery Corporation Scientific Advisory Board
Nov. 6, 2003
Direct Wireless Communications Inc. Announces Name Change To Health Discovery Corporation
Nov. 3, 2003
Direct Wireless Communications, Inc. Announces The Appointment Of David Cooper, M.D., Ph.D. To The Board Of Directors And The Management Team
Oct. 31, 2003
Direct Wireless Communications, Inc. Announces Agreement With Md Anderson Cancer Center For Cancer Discovery
Oct. 27, 2003
Direct Wireless Communications, Inc. Announces Board And Management Changes
Oct. 2, 2003
Ramananda K. Madyastha, M.D., Ph.D., Award Winning Cancer Researcher Named To Direct Wireless Communications Scientific Advisory Board
Oct. 2, 2003
Ramananda K. Madyastha, M.D., Ph.D., Award Winning Cancer Researcher Named To Direct Wireless Communications Scientific Advisory Board
Sept. 25, 2003
Direct Wireless Completes Acquisition Of The Barnhill Group
Sept. 18, 2003
Direct Wireless Communications Hosts Reception For 15th Annual Genomic Sequencing And Analysis Conference Held By The Institute For Genomic Research (Tigr) In Savannah, Georgia
Sept. 9, 2003
Dr. Kary Mullis, Nobel Prize Winning Chemist Named To Direct Wireless Communications Scientific Advisory Board
Sept. 3, 2003
Dr. Herbert Fritsche Presents Cancer Discovery At International Cancer Meeting
Sept. 2, 2003
Direct Wireless Enters Into A Letter Of Agreement To Acquire Fractal Genomics
August 26, 2003
Direct Wireless Enters Into A Letter Of Agreement To Acquire The Barnhill Group
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