On August 9, 2018 Propanc Biopharma Inc. (OTCQB: PPCB) ("Propanc Biopharma" or the "Company"), a clinical stage biopharmaceutical company focusing on development of new and proprietary treatments for cancer patients suffering from solid tumors such as pancreatic, ovarian and colorectal cancers, reported that the Company has been selected to present at the prestigious 25th Annual NewsMakers in the Biotech Industry on Friday, September 7th, at 2:00pm, ET, at the Millennium Broadway Hotel and Conference Center in New York (Press release, Propanc, AUG 9, 2018, View Source [SID1234528666]).
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Hosted by BioCentury, only 48 companies are handpicked to present their stories to institutional investors in the Biotech sector. Last year, more than 500 delegates congregated at NewsMakers, including money managers who controlled more than $600 billion in equity assets, with over $50 billion dedicated to healthcare and $15 billion dedicated to biotech.
"We are very proud to have been selected by BioCentury to present at NewsMakers in the Biotech Industry. It gives us a great opportunity to convey our story to international investors," said James Nathanielsz, Propanc Biopharma’s Chief Executive Officer. "Our focus will be to present the recent advancements of our lead product candidate, PRP, and its effects against cancer stem cells as a way to control metastasis, which is the main cause of patient death from cancer."
PRP is a solution for intravenous administration of a combination of two pancreatic proenzymes trypsinogen and chymotrypsinogen. Progressing towards a First-In-Human study, PRP seeks to prevent recurrence and metastasis from solid tumors by targeting and eradicating cancer stem cells. Eighty percent of cancers are solid tumors and metastasis is the main cause of patient death from cancer. According to the World Health Organization, 8.2 million people died from cancer in 2012. A report by IMS Health states innovative therapies are driving the global oncology market to meet demand, which is expected to reach $150 billion by 2020. The Company’s initial target patient populations are pancreatic, ovarian and colorectal cancers, representing an estimated combined market segment of $14 billion in 2020, according to GBI Research