ITUS Receives Notice of Allowance for First Cancer Technology Patent

LOS ANGELES, CA--(Marketwired - May 10, 2017) - ITUS Corporation ("ITUS") (NASDAQ: ITUS), a company using the power of the immune system to diagnose cancer, today announced that the United States Patent and Trademark Office ("USPTO") has issued a Notice of Allowance on the first patent filed by the company to protect its cancer detection technology. ITUS is developing a platform called Cchektm from which it expects to launch a series of non-invasive, inexpensive cancer diagnostic blood tests.

Robert Berman, ITUS's President and Chief Executive Officer stated: "This is the first of what we hope will be several patents that we expect to receive to protect our cancer detection technology. We currently have one additional patent application pending at the USPTO and expect to file for additional patent protection as our research and development continues."

ITUS previously announced preliminary success using its technology to detect several types of cancer including lung cancer, breast cancer, colon cancer, and prostate cancer, the four largest causes of worldwide cancer mortalities. Existing confirmatory diagnostics for many cancers rely on traditional biopsies, which can be painful, expensive, and result in dangerous side effects. ITUS's unique liquid biopsy approach utilizes immune based biomarkers, which the company hopes will significantly improve upon current standards of care. ITUS expects to be ready to select its first diagnostic blood test for commercialization and initiate a new clinical trial later this year, once it completes its initial research and development.

ITUS Corporation

ITUS funds, develops, acquires, and licenses emerging technologies in areas such as biotechnology. The Company is developing a platform called Cchektm, a series of non-invasive blood tests for the early detection of solid tumor based cancers, which is based on the body's immunological response to the presence of a malignancy. Additional information is available at www.ITUScorp.com.

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