Neurokine Announces Completion of New Phase II Clinical Trial Plan for Treatment of Alzheimer’s Type Memory Loss in CABG Patients

VANCOUVER, BRITISH COLUMBIA--(Marketwire - December 09, 2010) - Neurokine Pharmaceuticals Inc. (the “Company”) (OTCBB: NEUKF) is pleased to announce the completion of its new clinical trials plan to test the effects of NK-001 in the treatment of Alzheimer’s type memory loss in patients undergoing coronary artery bypass graft (CABG) surgery. The plan will be to carry out clinical trials in 50 patients following CABG surgery and to test these patients for up to 12 months following surgery for cognitive impairment (similar to Alzheimer’s). The patients will be divided in 2 groups; 25 will receive NK-001 and 25 will receive placebo.

The clinical trials will be carried out in 4 to 6 sites with cardiosurgery and psychiatry expertise in Europe and expected to complete within 12 to 18 months. The company expects to finalize site selection and contract with its designated clinical investigation group in the next 4 to 6 weeks.

“We are extremely pleased with the completion of our new clinical trials plan. This is a milestone achievement for Neurokine as we look forward to the completion of our proposed Phase II trial plans,” said Ahmad Doroudian, President and CEO of Neurokine.

About Neurokine

Neurokine Pharmaceuticals Inc. focuses on development of new use for existing marketed products for diseases mediated by acute and chronic inflammatory reactions. The company is developing proprietary encapsulation technology to allow better blood brain barrier penetration to initiate or enhance therapeutic effects of anti-inflammatory drugs in the treatment of neurodegenerative diseases.

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