ARIUS Research Inc. (TSX Venture: ARI) TORONTO, Sept. 19 /CNW/ - ARIUS Research Inc. (TSX-V: ARI) announced today that the National Research Council's Industrial Research Assistance Program (NRC-IRAP) has awarded the company a non-repayable contribution to support work designed to expand and extend ARIUS' FunctionFIRST(TM) Platform for generating novel anti-cancer antibodies. The expanded FunctionFIRST(TM) Platform will be used to produce ARIUS' next generation of antibodies. It will also enhance and expand ARIUS' capabilities for pre-clinical antibody pipeline development and contribute to the characterization of cancer targets. "We are very pleased to receive approval for this contribution from IRAP in support of our unique, Canadian antibody development platform," stated Dr. David S. Young, President and C.S.O. of ARIUS. "Antibodies have emerged as a major new success in extending the lives of cancer patients. The constant improvement in our technology will ultimately increase the value of the antibodies that we produce both for our partners and us. This will ultimately translate into a greater benefit for patients. IRAP's support will help our scientists contribute to this critical effort." About NRC-IRAP The National Research Council's Industrial Research Assistance Program (NRC-IRAP) provides a range of both technical and business oriented advisory services along with potential financial support to growth-oriented Canadian small and medium-sized enterprises. The program is delivered by an extensive integrated network of over 230 field staff in 90 communities across the country. Working directly with these clients, NRC-IRAP supports innovative research and development and commercialization of new products and services About ARIUS Research ARIUS Research Inc. is a biotechnology company dedicated to the discovery and development of novel anticancer monoclonal antibodies (MAbs). Established in 1999, ARIUS has built a proprietary technology platform, FunctionFIRST(TM), that rapidly identifies powerful MAbs targeting a variety of cancer indications. This antibody generation engine has enabled ARIUS to assemble a growing pipeline of over 300 functional MAbs, which may be used for commercial collaborations, out-licensing or in-house development. ARIUS has ongoing licensing and research partnerships with key biotechnology and drug development companies that provide revenues and access to external technologies. The long-term vision of ARIUS is to deliver personalized therapy by matching multiple antibodies to the distinct antigenic characteristics of each patient's tumor cells thereby increasing efficacy and avoiding side effects. ARIUS is listed on the TSX Venture Exchange under the symbol "ARI". Forward-Looking Statement Certain statements in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Forward-looking statements in this release include, but are not limited to, ARIUS successfully advancing its new product programs as well as licensing opportunities. These statements are only predictions and actual events or results may differ materially. Factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements include, but are not limited to: early stage of development; technology and product development; dependence on and management of current and future corporate collaborations; future capital needs; uncertainty of additional funding; no assurance of market acceptance; dependence on proprietary technology and uncertainty of patent protection; intense competition; manufacturing and market uncertainties; and government regulation. These and other factors are described in detail in the Company's Annual Report, forthcoming news releases and other filings with Canadian securities regulatory authorities and the U.S. Securities & Exchange Commission. Forward-looking statements are based on our current expectations and ARIUS is not obligated to update such information to reflect later events or developments. Website: www.ariusresearch.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this statement.
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