TORONTO, June 19, 2018 (GLOBE NEWSWIRE) -- Arch Biopartners, Inc., (Arch or the Company) (TSX-V:ARCH) (OTCBB:ACHFF) a portfolio-based biotechnology company, today announced that it will seek regulatory guidance from the U.S. Food and Drug Administration (FDA) in a pre-Investigational New Drug application meeting (pre-IND meeting) for AB569, the company’s drug candidate for treating antibiotic resistant bacterial infections in the lungs, wounds and urinary tract.

Arch began sponsoring an investigator initiated phase I study testing the safety of inhaled AB569 at the Cincinnati Veterans Affairs Medical Center (CVAMC) earlier this year. “We have decided with our clinical team that this is the best time to initiate dialogue with the FDA and complete the phase I study under an open IND application. Since our ultimate goal is to obtain drug approval and treat patients who are battling antibiotic resistant bacterial infections, starting the regulatory process now will help us make the most of our resources and avoid having to repeat a phase I trial for the FDA,” said Richard Muruve, CEO of Arch Biopartners.

The investigator-initiated phase I safety trial will thus be on hold and will resume again after the IND application is opened and the FDA approves the phase I study. So far, the data accumulated from the investigator initiated study at the CVAMC are insufficient at this time to make a reliable disclosure regarding the safety of AB569.

About Arch Biopartners

Arch Biopartners Inc. is focused on the development of innovative technologies that have the potential to make a significant medical or commercial impact.  Arch has established a diverse portfolio that includes AB569, a potential new treatment for antibiotic resistant bacterial infections in the lung, urinary tract or wounds; Metablok (LSALT peptide), a potential treatment for inflammation, sepsis and cancer metastasis; and, ‘Borg’ peptide coatings that increase corrosion resistance and decrease bacterial biofilm on various medical grade metals and plastics.

For more information on Arch Biopartners, its technologies and other public documents Arch has filed on SEDAR, please visit www.archbiopartners.com

The Company has 57,905,179 common shares outstanding.

Forward-Looking Statements

All statements, other than statements of historical fact, in this news release are forward looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of the Company. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.