HDVY - HLTH DISCOVERY (OTCBB)
Date Open High Low Last Change Volume % Change
11/09/04 0.1800 0.3600 0.1800 0.3000 +0.1000 470236 +50.00%
Composite Indicator
Trend Spotter TM Hold
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 72517
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 46249
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 51601
Overall Average: 96% - Buy
Price Support Pivot Point Resistance
0.3000 0.1000 0.2800 0.4600
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New Gene Biomarkers Discovered for BPH (Benign Prostatic Hyperplasia)
Monday November 8, 8:40 am ET
SAVANNAH, GA--(MARKET WIRE)--Nov 8, 2004 -- Health Discovery Corporation (OTC BB:HDVY.OB - News) today announced the discovery of a new set of genetic biomarkers that are expected to lead to significant improvement in the diagnosis and treatment of Benign Prostatic Hyperplasia (BPH).
This set of newly discovered genetic biomarkers was able, with a high degree of accuracy, to separate BPH (Benign Prostatic Hyperplasia) from prostate cancer. These biomarkers were also shown to separate BPH from normal with a high degree of accuracy. This indicates that BPH is a disease with molecular characteristics of its own. This new discovery could be used to develop a non-invasive diagnostic test for BPH, which does not currently exist, as well as a completely new type of therapy for patients with this disease.
BPH is the enlargement of the prostate gland that occurs as men age and affects 33 million men worldwide. BPH occurs in approximately 25% of men over the age of 40, 50% of men over the age of 60, 80% of men over the age of 80, and 90% of men over the age of 85. The enlargement often leads to obstruction to the flow of urine flowing through the urethra that passes through the prostate gland. Of the 9 million cases of BPH in the United States, 2 million receive drug therapy treatment while an additional 7 million are "watchful waiters," men who are waiting for new treatments. BPH is a common condition, representing a $3 billion annual market in the United States alone.
Dr. Herbert Fritsche, Professor and Chief of Clinical Chemistry at M.D. Anderson Cancer Center, stated, "This exciting new gene discovery could provide the vital information necessary to create a completely new drug to treat this extremely common disease. In addition, this new set of gene biomarkers, discovered by Health Discovery Corporation, could provide a diagnostic test used to evaluate patients undergoing treatment for BPH."
Stephen D. Barnhill, M.D., Chairman and Chief Executive Officer of Health Discovery Corporation, commented, "I am very proud of the accomplishments of our scientists in this new biomarker discovery and look forward to beginning the validation and commercialization efforts necessary to create what could be the worlds first non-invasive test for the diagnosis of BPH."
Detailed information on this discovery is available in the new Corporate Update Document just released and available on the company web page at www.healthdiscoverycorp.com.
Health Discovery Corporation is a systems biology-oriented biomarker and pathway discovery company, which provides all aspects of First-Phase Biomarker Discovery(SM). Health Discovery Corporation was established to provide pharmaceutical and diagnostic companies with a broad range of analytical and decision support solutions to produce more effective and cost effective diagnostic and drug discovery tools. Founded in September 2003, the Company is headquartered in Savannah, GA. For more information contact: Stephen D. Barnhill, M.D. of Health Discovery Corporation, +1-866-953-9031 or sbarnhill@healthdiscoverycorp.com.
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New Gene Biomarkers Discovered for Prostate Cancer
Monday November 8, 8:00 am ET
SAVANNAH, GA--(MARKET WIRE)--Nov 8, 2004 -- Health Discovery Corporation (OTC BB:HDVY.OB - News) today announced the discovery of a new set of genetic biomarkers related to prostate cancer. This newly discovered gene set is expected to lead to considerable improvement in the diagnosis and treatment of clinically significant prostate cancer.
These biomarkers have been shown to accurately separate high-grade prostate cancers, the most malignant form of prostate cancer, from less malignant grades, with a high degree of accuracy. This ability would allow physicians to tailor prostate cancer treatment to a patient's specific type or grade of cancer resulting in significant cost savings by minimizing unnecessary or overly aggressive treatments as well as eliminating the adverse effects that invariably accompany unnecessary treatments.
Dr. Stamey, one of the world's leading prostate cancer experts and a Member of Health Discovery Corporation's Scientific Advisory Board, has been widely quoted in both scientific journals as well as in the national news media as stating, "We need to recognize that PSA is no longer a marker for prostate cancer. We urgently need to find a new marker for prostate cancer, and that marker must be proportional to how much cancer you have."
It has been shown that, financially, PSA is without equal among cancer markers. PSA sales, estimated at over $350 million annually, represents 40% of all annual cancer serum biomarker revenues. The reason for its large market share is that currently it is the only cancer biomarker that is being used for screening.
Dr. Herbert Fritsche, Professor and Chief of Clinical Chemistry at M.D. Anderson Cancer Center, stated, "This impressive new gene discovery will give us access to a new set of biomarkers in advanced prostate cancer. We intend to use these findings to develop new diagnostic approaches for prostate cancer diagnosis and improve the clinical management of these patients."
Stephen D. Barnhill, M.D., Chairman and Chief Executive Officer of Health Discovery Corporation, commented, "We are extremely excited about this new biomarker discovery and will now begin the validation and commercialization efforts necessary to create what we believe could be a breakthrough in the diagnosis and treatment of clinically significant prostate cancer."
Detailed information on this discovery is available in the new Corporate Update Document just released and available on the company web page at www.healthdiscoverycorp.com.
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Health Discovery Corporation Announces the Filing of Additional Patents for Newly Discovered Biomarkers in HIV Infection and New Biomarker Discovery Tools
Monday September 20, 8:01 am ET
SAVANNAH, GA--(MARKET WIRE)--Sep 20, 2004 -- Health Discovery Corporation (OTC BB:HDVY.OB - News) announced today that it has filed two additional United States patent applications on its fractal genomics modeling (FGM) technology in the identification of biomarkers for the development of diagnosis, prognosis and treatment of diseases. The first application, entitled "METHODS FOR IDENTIFYING BIOMARKERS USING FRACTAL GENOMICS MODELING," covers a "shotgun" approach in identifying biomarkers from a large dataset of gene expression values. The process is analogous to shotgun approaches to DNA sequencing, where a genetic network is shredded into component pieces and analyzed rather than a DNA sequence. The second application, entitled "BIOMARKERS IDENTIFIED USING FRACTAL GENOMICS MODELING," discloses and claims several biomarkers for human immunodeficiency virus (HIV) infection using the "shotgun" approach of fractal genomics modeling.
In addition, Health Discovery Corporation has submitted a United States and a Patent Cooperation Treaty (PCT) patent application entitled "METHOD FOR STUDYING CELLULAR CHRONOMICS AND CAUSAL RELATIONSHIPS OF GENES USING FRACTAL GENOMICS MODELING." The PCT application reserves the rights of Heath Discovery Corporation to file the patent application in more than 80 foreign countries who are members to the treaty. These applications are related to genomic analysis by Fractal Genomics Modeling (FGM) for developing single point gene models which can be used for studying cellular chronomics and causal relationship of genes within a genetic network. Using FGM, evidence of genes that govern fundamental clocking cycles in cell development and tissue differentiation of an organism can be produced. This clocking mechanism and the FGM methods used to produce its genetic components and function are described in these applications.
According to Stephen D. Barnhill, M.D. Chairman and CEO of Health Discovery Corporation, "These new patent applications, in conjunction with the other issued, pending, and provisional patent applications in our rapidly growing intellectual property portfolio, along with the recently signed worldwide exclusive licensing and joint ownership biomarker discovery contracts with world-renowned academic institutions such as MD Anderson Cancer Center, Stanford University and the University of Miami, as well as our establishment of a world-class team of scientists including, among others, Dr. Kary Mullis, winner of the Nobel Prize for his invention of PCR; Dr. Vladimir Vapnik, winner of the Humboldt Prize for his work on Statistical Learning Theory leading to the invention of the Support Vector Machine; Dr. Thomas Stamey, winner of the Ramon Guiteras award and considered to be the single most revered urologist and prostate cancer expert in the world; and Dr. Herbert Fritsche, one of the world's leading authorities on biomarker discoveries in cancer diagnostics, significantly strengthens Health Discovery Corporation's position as a leader in First Phase Biomarker Discovery." Dr. Barnhill continued, " I am extremely pleased with the accomplishments we have achieved in our first year as a biomarker discovery company and I am very excited about our future role in the rapidly growing commercial markets relating to diagnostic and drug discovery."
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New Patent Expands Health Discovery Corporation's Intellectual Property Portfolio for Support Vector Machines
Tuesday September 7, 8:00 am ET
SAVANNAH, GA--(MARKET WIRE)--Sep 7, 2004 -- Health Discovery Corporation (OTC BB:HDVY.OB - News) announced today that its patent portfolio has been further strengthened with the issuance today of U.S. Patent No. 6,789,069 entitled "Method of Identifying Patterns in Biological Systems and Methods of Uses Thereof." This new patent covers the use of support vector machines (SVMs) for extracting useful information from large amounts of biological data. Technology covered by the patent's claims include methods for diagnosing and treating diseases by using SVMs to analyze gene expression data to identify groups of marker genes that exhibit strong correlation with the diseases. Specific examples of diseases include colon and breast cancer. The use of SVMs for analysis of gene expression data represents a significant improvement over existing analytical methods because it recognizes the interdependence of gene expression response among genes that are affected by the target disease.
"The granting of this patent by the United States Patent and Trademark Office adds great value to our patent portfolio of issued pioneer patents on support vector machines," stated Stephen D. Barnhill, M.D. Chairman and CEO of Health Discovery Corporation, "in addition to utilizing this patent protected technology for our own biomarker discovery efforts, we expect to generate significant near term revenue from licensing and royalty fees received from these very important patents which contain state-of-the-art technology used by diagnostic and pharmaceutical companies worldwide for identifying novel diagnostic tests and new drug targets."
Health Discovery Corporation (www.healthdiscoverycorp.com/) is a systems biology-oriented biomarker and pathway discovery company, which provides any and all aspects of "First Phase" biomarker discovery. This includes expert assessment of the clinical problem, determination of the clinical trial set-up, the proper selection and procurement of high-quality specimens for analysis, an analytical evaluation of the specimens through laboratory tests to produce the relevant accurate clinical data, and the mathematical evaluation of the data using state-of-the-art computational tools to produce an accurate identification of the important genes and proteins and the pathways in which they interact. Health Discovery Corporation was established to provide both pharmaceutical and diagnostic companies with a broad range of analytical and decision support solutions to accelerate effective diagnostic and drug discovery. Founded in September 2003, the Company has offices in Texas, Georgia and California. For more information, contact Robert S. Braswell IV of Health Discovery Corporation, +1-866-953-9031 or Info@healthdiscoverycorp.com.
This news release contains "forward-looking statements" within the meaning of Section 27a of the Securities Acts of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.
Contact:
Contact:
Robert S. Braswell IV
Health Discovery Corporation
+1-866-953-9031
Info@healthdiscoverycorp.com
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