RICHMOND, Va.--(BUSINESS WIRE)--July 17, 2006--Commonwealth Biotechnologies, Inc. (NASDAQ: CBTE - News) and PharmAust, Ltd (ASX: PAA - News), an Australia-based biotech services company have signed a Strategic Alliance and Client Referral Agreement to co-market their services to the life sciences industry. The agreement will provide for ready access of customers to the largely complementary combined capabilities of the two organizations, and enable better overall solutions to be developed on the demanding timescales required by clients in the life sciences Industry. The extended geographic reach brought about by this partnership will offer a new solution for multinational companies with global service requirements.
