Aduro to Focus on NT and TNT Systems
for Solid Tumor Cancers

BERKELEY, Calif., June 2, 2008 - Two early stage cancer therapy companies, Oncologic and Triton BioSystems, have merged to create Aduro BioTech. Aduro, which is privately held, will be headquartered at the former Oncologic facility in Berkeley, California.

Aduro will focus on the development of its proprietary and minimally invasive NT™ and TNT™ cancer therapies, which use patented iron oxide nano-particles to target and kill solid tumor cancers. The nano-particles are engineered to efficiently generate high levels of heat when exposed to an externally applied magnetic field, and this heat kills tumor cells without the toxicity or collateral damage that result from traditional chemotherapy or radiation treatments. MORE...