Proteo Inc./Proteo Biotech AG - Minapharm/Rhein Minapharm Biogenetics SAE: Proteo Biotech AG, Germany and Minapharm, Egypt Enter into Development and License Agreement for Elafin

IRVINE, Calif./KIEL, Germany/CAIRO, Egypt--(BUSINESS WIRE)--Proteo, Inc. (OTCBB: PTEO; Frankfurt Freiverkehr: WKN: 925981) and its wholly-owned subsidiary Proteo Biotech AG together with Minapharm Pharmaceuticals SAE (Cairo and Alexandria Stock Exchange: MIPH) and its subsidiary Rhein Minapharm Biogenetics SAE announced today:

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