Emerging Opportunities in Biodefense; An interview with Aethlon Medical (OTCBB: AEMD) CEO, Jim Joyce
- Published: 25 March 2011
- Written by Investor Ideas
Point Roberts, WA. March 25, 2011 Investorideas.com, a leader in sector research including biotech and biodefense stocks, presents an interview with Jim Joyce, CEO of Aethlon Medical (OTCBB: AEMD).
InvestorIdeas: What opportunities exist for small organizations that want to participate in the emerging biodefense industry?
Jim Joyce, CEO of Aethlon Medical ( OTCBB: AEMD )
Multiple opportunities have recently surfaced for small organizations with innovative countermeasures against bioterror threats, and more are expected in the near future.
As an example, Freemind Group, an industry advisory organization reported this week that they are witnessing a dramatic and unprecedented surge in biodefense and infectious disease funding opportunities from various government institutes. They anticipate that funding applications submitted during the coming months of May, June, and July alone will result in cumulative awards of approximately $500,000,000.00. In fact, some of these awards are not capped and can exceed $50,000,000 for clinical trial support. For small organizations, such non-dilutive awards offer to transform business capabilities and reward patient shareholders.
InvestorIdeas: That's certainly exciting, but how can small organizations like Aethlon Medical compete against big pharma for such awards?
Jim Joyce, CEO of Aethlon Medical
In reality, both big pharma and large biotechnology players have demonstrated little interest in responding to these programs. As a result, government agencies are primarily reliant on innovation stemming from research advanced by small organizations, which from a historical basis, is likely to be the principal source of innovation anyway. Still, these programs do not exist to solely support research. Recently created agencies like the Biomedical Research and Development Authority (known as BARDA) provide support for post R&D activities including clinical studies, manufacturing, and other activities that may be required to transition a candidate treatment countermeasure into the strategic national stockpile.
InvestorIdeas: Do you feel Aethlon Medical is positioned to benefit from these programs?
Mr. Joyce: I feel we are extremely well positioned to benefit as government policies to protect against bioterror and pandemic threats have been redefined to focus support towards broad-spectrum countermeasures that are able to address multiple pathogen threats. Based on pre-clinical and clinical data, we believe our Hemopurifier® is the most advanced and perhaps only true broad-spectrum countermeasure. While traditional therapeutics often struggle to address multiple strains of the same pathogen, third party researchers have demonstrated that our Hemopurifier® captures different species of many of the most deadly viral threats known to man. These include Dengue, Ebola, and Lassa Hemorrhagic Viruses, West Nile Virus, H5N1 Avian Influenza Virus, the 2009 H1N1 Influenza Virus, the reconstructed Spanish Flu of 1918, and Monkeypox Virus, which is the primary model for testing treatments against human Smallpox infection.
InvestorIdeas: Have you conducted any human studies with your Hemopurifier®
Jim Joyce, CEO of Aethlon Medical
Yes, we have advanced our technology into human studies, which demonstrated safety and the observation of significant viral load reductions in both hepatitis-C and HIV infected individuals without the administration of antiviral drug therapies. We are now advancing a clinical program whose objective is to utilize our Hemopurifier® as an adjunct strategy to improve the benefit of hepatitis-C standard-of-care drug therapy without adding drug toxicity and interaction risks. We are quite excited about this clinical program, as therapeutic filtration of hepatitis-C from plasma has previously proven to have a remarkable effect in improving treatment outcomes when combined with drug therapy. Regardless, as it specifically relates to our biodefense opportunity, I feel confident that we are advancing a leading broad-spectrum therapeutic strategy to address viral threats, and that our strategy fulfills strategic objectives recently mandated by our government. We also benefit from a policy shift that no longer precludes the support of treatment countermeasures that may also have mainstream commercial market applications in disease conditions such as hepatitis-C, HIV, and cancer.
InvestorIdeas: Is Aethlon Medical currently pursuing any contract or grant opportunities?
Jim Joyce, CEO of Aethlon Medical
Yes. In the coming days we will submit a formal response to a military program opportunity entitled "Dialysis Like Therapeutics". The stated goal of this program is the creation of a medical device that would save the lives of thousands of military patients each year. While our response is challenging, it has also been rewarding as we have attracted several groups to partner and participate in our submission. Once our response is in, we will then convene with our advisors to determine the next contract opportunity to focus our efforts towards.
InvestorIdeas: In closing, is there any advice you would provide to other organizations that might be interested in participating in the biodefense and pandemic threat industry?
Jim Joyce, CEO of Aethlon Medical
By nature, the opportunity to address the looming threat of biological weapons and naturally emerging pandemic threats will be enduring and the industry is still very young. However, my advise for small organizations is to be sure they have therapeutic strategies in place to address established disease conditions with real commercial markets before venturing into a field where targeted disease conditions may or may not emerge and the primary source of support is government funding.
Contacts:
James A. Joyce Chairman, CEO 858.459.7800 x301 This email address is being protected from spambots. You need JavaScript enabled to view it.
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