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Bioniche Life Sciences Inc. Granted First Major Composition Patent For Oligonucleotide Technology

Published: Mar 13, 2006

BELLEVILLE, Ontario, March 13 /PRNewswire-FirstCall/ -- Bioniche Life Sciences Inc. , a research-based, technology-driven human and animal health biopharmaceutical company, today announced that it has been granted a European patent -- EP1432450 -- covering the composition and use of a novel oligonucleotide family for the treatment of cancer entitled: "Therapeutically Useful Triethyleneglycol Cholesteryl Oligonucleotides", inventors Dr. Nigel C. Phillips, Dr. Mario C. Filion, and Dr. Andrea Herrera-Gayol.

Dr. Nigel C. Phillips, Chief Scientific Officer for Bioniche Life Sciences Inc. stated, "This patent consolidates our oligonucleotide patent portfolio. These oligonucleotides constitute a new composition family that enhances our ability to develop effective treatments for oncology indications. Bioniche now has technology platforms based on mycobacterial cell walls, unmodified oligonucleotides and modified oligonucleotides that have immune stimulant and anticancer activity. Bioniche is in a position to develop effective treatments for cancer using these unique and complementary technology platforms."

Graeme McRae, President & CEO of Bioniche Life Sciences Inc., commented, "The oligonucleotide platform is another example of Bioniche's ability to develop novel technologies. We plan to develop this platform through additional pre-clinical research in the immunomodulatory and anti-cancer areas and seek opportunities to partner the technology for further development."

About the Oligonucleotide Technology Platform

In 2000, Bioniche announced the discovery of a new class of molecules with potential anticancer activity, referred to by the Company under the trademark, "Oligomodulator(TM)". This new class of molecules with potential clinical anticancer activity and immune modulating properties is composed of short non- antisense DNA oligonucleotides that appear to possess a range of novel pharmacological activities.

About Bioniche Life Sciences Inc.

Bioniche Life Sciences Inc. is a research-based, technology-driven Canadian biopharmaceutical company that discovers, develops, manufactures, and markets proprietary products for human and animal health markets worldwide. The fully-integrated Company employs more than 175 individuals and has three principal operating divisions: Animal Health, Food Safety, and Human Health (Bioniche Therapeutics). For more information, please visit http://www.Bioniche.com.

Except for historical information, this news release may contain forward- looking statements that reflect the Company's current expectations regarding future events. These forward-looking statements involve risks and uncertainties, which may cause, but are not limited to, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process, and other risks detailed from time to time in the Company's ongoing quarterly and annual reporting.

For further information, please contact: Jennifer Shea, Corporate Communications Manager, Bioniche Life Sciences Inc. Tel: 613-966-8058 ext. 1250 / Cell: 613-391-2097 Jennifer.Shea@Bioniche.com Rachel Levine, Investor Relations, The Global Consulting Group Tel: 646-284-9439 Rlevine@hfgcg.com

Bioniche Life Sciences Inc.

CONTACT: Jennifer Shea, Corporate Communications Manager, Bioniche LifeSciences Inc., +1-613-966-8058 ext. 1250, Cell: +1-613-391-2097,Jennifer.Shea@Bioniche.com; Rachel Levine, Investor Relations, The GlobalConsulting Group, +1-646-284-9439, Rlevine@hfgcg.com, for Bioniche LifeSciences Inc.

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