DENVER, CO--(Marketwire - June 24, 2009) - Dr. Eli Lewis, a director of the Clinical Islet
Laboratory with Ben-Gurion University of the Negev, Israel, has accepted a
position on the Scientific Advisory Board of Omni Bio Pharmaceutical, Inc.
("OMNI") (OTCBB: AAFS)
In October 2008, Dr. Lewis co-published a study in the Proceedings of the
National Academy of Sciences with OMNI Acting Chief Executive Officer Dr.
Charles A. Dinarello and University of Colorado researcher Dr. Leland
Shapiro titled "Alpha-1-Antitrypsin Monotherapy Induces Immune Tolerance
During Islet Allograft Transplantation in Mice."
Dr. Lewis joins Dr. James Crapo and Dr. Michael Iseman, both physicians at
National Jewish Health in Denver, and Dr. James Mier of Dana-Farber Harvard
Cancer Center and Beth Israel Deaconess in Boston, on the Scientific
Advisory Board of OMNI.
OMNI is the licensee of filed patents from the University of Colorado
related to the treatment of graft rejection and transplantation using
alpha-1 antitrypsin. The Company plans to conduct further research into
the use of alpha-1 antitrypsin for the treatment of islet transplantation,
and pursue commercialization of the Company's intellectual property upon
the receipt of the proper regulatory approvals.
About Ben-Gurion University of the Negev
Ben-Gurion University of the Negev is a world-renowned institute of
research and higher learning with campuses in Beer Sheva and Eilat, Israel.
Ben-Gurion University plays a vital role in Israel in fulfilling its unique
responsibility to advance science and technology, to develop the Negev,
reach out to its local community as well as its Arab neighbors, and share
its expertise with the world.
About Ben-Gurion University of the Negev American Associates
American Associates, Ben-Gurion University of the Negev (AABGU) is a
partner in Ben-Gurion University's mission. Founded in 1972, AABGU is a
nonprofit corporation with headquarters in New York City and nine regional
offices throughout the United States. AABGU raises funds and awareness for
Ben-Gurion University of the Negev (BGU).
About Omni Bio Pharmaceutical, Inc.
Omni is the licensee of issued and pending patents from the University of
Colorado Denver. Omni has been advancing broad-spectrum therapeutics
targeting bacterial and viral diseases, biohazards, diabetes and transplant
rejection since February 2006. The Company's core technology is based on
novel discoveries made at the University of Colorado involving therapeutic
agents already approved for use in humans.
Regarding Forward-Looking Statements
Statements in this document regarding future financial, scientific or
operating results, future development programs, the development and
commercialization of new supplier, partner or customer contracts, the
commitment of suppliers and future opportunities for any of the companies
mentioned herein, and any other statements about the future expectations,
beliefs, goals, plans, or prospects expressed by management constitute
forward-looking statements. Any statements that are not statements of
historical fact (including but not limited to statements containing the
words "will," "believes," "plans," "anticipates," "expects," "estimates,"
and similar expressions) should also be considered to be forward-looking
statements.
There are a number of important factors that could cause actual results or
events to differ materially from those indicated by such forward-looking
statements, including: variations in results of animal or human clinical
trials, engineering and material costs, development costs, the availability
of future financing on terms that are acceptable to any of the companies
mentioned herein, other general costs and expenses; the ability to retain
key personnel; the company's ability to successfully execute its business
strategies; the levels and availability of government sponsored research
programs including possible funding from the Project Bio-Shield Act of 2004
and the Pandemic and All Hazards Act of 2006; lack of commercial revenues;
delays in the possible development of a commercial market for products due
to FDA restrictions or requirements to increase our levels of clinical
testing; our reliance on a limited number of suppliers for raw materials
used in products; shortages of raw materials; competitive conditions in the
industry; business cycles affecting the markets in which any of the
companies mentioned herein conducts business; and economic conditions
generally.
Additional risk factors may be found in the company's Form 8-K filed April
6, 2009 and in other documents filed with the U.S. Securities and Exchange
Commission.
Forward-looking statements are based on the beliefs, opinions, and
expectations of the company's management as of the date of this press
release, and the companies mentioned herein, does not assume any obligation
to update its forward-looking statements if those beliefs, opinions,
expectations, or other circumstances should change.