MONTREAL, QUEBEC--(Marketwire - October 26, 2010) - A5 Laboratories Inc. (A5 Labs) (OTCBB: AFLB) today announced the signing of a binding agreement with a European-based Institute of Microbiology for the production of interferon products. The Institute has agreed to manufacture natural source interferon products using A5 Labs' proprietary production technology. The production of interferon finished products at the Institute will represent an important step in validation of A5 Labs' production technology. Subsequently, A5 Labs plans to submit the products manufactured at the institute for in-vitro and in-vivo testing according to USP (United States Pharmacopaeia) guidelines at multi-centered independent laboratories.
The agreement was drafted following the meetings between the respective managements of A5 Labs and the Institute during the last week of September 2010.
"We are extremely pleased to sign this partnership agreement with such a prestigious Institute. This is a highly significant milestone which will provide a leap forward towards the commercialization of our natural source interferon products. Following the laboratory and scale up production of our products we will immediately begin our veterinary trials and submission of our application for human clinical trials," said Dr. Richard Azani, President and CEO.
More information about the Company is available at its corporate website at www.a5labs.com.
About A5 Labs:
A5 Labs is a contract research based organization servicing the pharmaceutical and biotechnology companies in North America. The company utilizes its research capabilities to license and acquire novel biotechnology products for development and commercialization.
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