International Medical Ventures Offers Exciting Opportunity to Participate in Growing Genetic Testing

International Medical Ventures - an early stage life science company - offering significant growth opportunities in India’s emerging clinical trial industry.

Online PR News – 08-August-2013 – Basel, Switzerland – Basel, Switzerland, August 06, 2013 -- International Medical Ventures (IMV) is in the initial phase of building its full service international clinical trial organization (CRO) which will provide tests for the BRCA marker as well as drug development and therapeutic solutions. IMV already has in place a highly qualified management team and advisory board with extensive years of in-depth clinical trial and drug development experience. The Company’s Chief Medical and Scientific Adviser, Prof. Dr. A.K. Desai, has comprehensive knowledge of the life sciences industry with a focus in cytology and oncology drug development. As a result of the Company’s first-class management team and high-standard practices, it has established relationships with several major Swiss Pharmaceutical companies and already has contracts in place. Additionally, IMV has a memorandum of understanding with an established Indian research clinic with expertise in oncology to supply the BRCA 1&2 tests. With the cash flow generated through supplying BRCA test, the company will also be developing its proprietary therapies which could provide significant upside to IMV’s valuation.

Growth Opportunities in BRCA Gene TestingFaster, cheaper DNA testing is revolutionizing medical care and nowhere has the impact been felt more strongly than in breast cancer. Genetic tests can predict the susceptibility of a candidate to developing hereditary breast cancer with 70-80% accuracy. Women who wanted genetic testing for mutations in BRCA1 and BRCA2 used to have to use the Myriad test, which costs around $4,000 and is not always covered by insurance. However, on June 13, 2013, the Supreme Court made a unanimous decision to bar the patenting of naturally occurring genes. The decision effectively breaks Myriad’s monopoly on BRCA testing and paves the way for innovative newcomers to offer new and less expensive ways for testing BRCA. The Supreme Court Ruling is also significant in opening cancer research and new drug development. Research labs that previously could not test for BRCA genes in their patients due to fear of being sued are free to research the role of BRCA gene in cancers.

As genetic testing becomes an integral and growing part of healthcare provisions and services, the global genetic testing market is expected to grow to over $10 billion by 2015 according to Renub Research. Specifically, cancer genetic testing is expected to lead the industry with the greatest growth due to the rising cases of cancer. With breast cancer being the most common cancer among women in both the developed and developing world, Global Data estimates that the global predictive breast cancer gene testing market will grow to US$1 billion by 2018 for a compound annual growth rate (CAGR) of 14% from 2011. The bad BRCA1 and BRCA2 genes, the most common cause of hereditary breast and ovarian cancer, are present in roughly 1 in 400 women and give women an elevated risk of ovarian and breast cancers. The BRCA1 or BRCA2 gene varies from individual to individual, on average that risk is of the order of 65%. Screening for BRCA1 and BRCA2 mutations can provide valuable information needed for preventive monitoring and therapy. Currently, the United States represents the largest market for hereditary breast cancer gene testing however; India has a great need for low-cost gene testing based on a breast cancer mutation prevalent in the Indian population.

India Provides IMV Significant Strategic Advantages:
Over 80,000 women are diagnosed with breast cancer in India every year making it one of the most common cancers of urban Indian women and the second most common in the rural women. Almost a third of all breast cancer patients are believed to have familial disease pattern, and various Indian studies have reported BRCA mutations in 9–25% of familial breast cancer cases. Due to lack of awareness, the majority of breast cancers are diagnosed at a relatively advanced stage. Testing for BRCA 1 and BRCA 2 is done neither widely nor systematically in India as the tests are expensive (approximately Rs 50,000 per test) and not easily available in India which creates a valuable opportunity for companies that provide low-cost genetic testing. Additionally, there are several government health initiatives to increase health education, early diagnosis of cancers, and more public facilities for cancer treatment are expected to bring about the much needed improvement in breast cancer care in India.

IMV will also conduct its clinical research trials in India which enables the Company multiple advantages in developing new and cost-effective drugs. India has 16% of the world's population and 20% of the global disease burden making recruitment of patients estimated to be four to five times faster than the US and UK. Another major advantage is that trial costs are significantly lower. Cost of conducting trials in India is estimated to be 50-70% lower than that in the US or UK. For instance, the estimate of the per patient cost to conduct cancer trials (the most expensive) over three-four years for India is between $8,000-$10,000, while for the US, it is between $15,000-$20,000. With a broad population, faster recruitment and low-cost environment, India provides the ideal landscape to improve R&D capabilities as well as develop previously uneconomical “niche busters” and emerging technologies.

India’s Clinical Trail Market Still in Infancy Provides IMV Early Movers Advantage:
IMV offers an excellent opportunity to get in on the ground floor of an industry that is expected to grow from $485 million in 2010-2011 to $1 billion. Additionally, global pharmaceutical companies are increasing looking to India for future growth opportunities. In a recent survey by the Boston Consulting Group, more than 70% of the 40 global biopharma executives interviewed stated they are satisfied with their R&D alliances in India, and three out of four expect to increase their R&D activities in India. However, growth is not only going to be accelerated by major multinational pharmas looking for more cost effective options for its clinical trial research but also the domestic companies that are experiencing rapid growth. Over the last five years the Indian pharma industry has grown at a compounded annual growth rate (CAGR) of more than 15%. According to Cambridge Consulting, the industry is expected to grow to $55 billion by 2020, up from $22 billion today driven by a combination of high burden of disease, good economic growth leading to higher disposable incomes, improvements in healthcare infrastructure and improved healthcare financing.

India’s Improving Regulatory Environment Support Long-term Growth:
India recognizes that its strengths lie in generics, clinical research and vaccine space and is working to strengthen its collaborations with global health care companies. Specifically, the regulatory environment for clinical trials is improving considerably. India’s Ministry of Health & Family Welfare announced in 2013 that it will create two new independent committees to oversee clinical trials, guidelines, policy, drug approval and Fixed Dose Combinations (FDCs). One committee will focus on policy, guidelines and SOPs for drug approval. The second committee will focus specifically on FDCs. Additionally, new guidelines by the Central Drugs Standard Control Organization (CDSCO) announced in February this year for the conduct of clinical research in India is expected to create a more secure environment for conducting clinical trials in the country. The improved regulatory environment and stringent enforcement laws enhances India’s credibility as a low-cost, secure country to perform clinical trials.

IMV Plans Public Listing to Create Liquidity and Boost Shareholders Value
IMV has plans to list on the Over the Counter Market in the United States in a move to create liquidity and enhance shareholder value. Investor enthusiasm for life science companies has been increasing as valuations have rebounded from the 2008 financial crisis. According to The Fenwick & West Life Science Venture Capital Barometer"valuations for the venture-backed companies have been trending modestly upward from 2011.

Additionally, Cooley Venture Financing Report is seeing a bright outlook for financing early stage companies as terms are reverting to pre-2009 financial crisis levels. Frequency of up-rounds, a lower recap rate, less full ratchet anti-dilution clauses, and attractive pre-money valuation ranges are all terms that improved in 2012. Moreover, biotech companies have been generating attractive returns through successful IPOs this year. So far 14 biotech firms have gone public generating an above average return of about 20% compared to 16% for other market sectors. Ten of those IPOs generated early investments of nearly $750 million. Another indication of bullish sentiment and the possibilities for strong returns that drug development companies are able to achieve is the NASDAQ Biotech Index strong performance this year. The Index is up 45% and is outperforming the S&P which is up 20% as of July 26.

About International Medical Ventures:
International Medical Ventures is a Swiss based firm which leads or manages private equity and venture investments in biotechnology, medical device companies and healthcare services in all stages of developments. The company has established relationships with some of the industry’s leading institutions to offer emerging companies and investors opportunities in unique new businesses.

Contact Details: Investor Relations, 40, Wall Street, New York, NY 1005

Contact Person: Mr. Irving Shearson, Telephone: +1 (646) 378-2788, E-mail:

Business Development: Mrs. Helge Amacker, Aeschenvorstadt 71, Basel, Switzerland 4051, +41 (61) 508-7009,,

Mrs. Helge Amacker
International Medical Ventures
Aeschenvorstadt 71
Basel, Switzerland 4051
+41 (61) 508-7009