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Hope for Those with Diabetic Foot Ulcers and Other Antibiotic-Resistant Infections; Major Step Forward in Bringing Proven Bacteriophage Therapy to Western World

Business Wire, March 1, 2005

LOS ALTOS, Calif. -- Phage International Inc. announced today that it has entered into a definitive agreement to acquire Phage Therapy Center, Tbilisi, Republic of Georgia, a privately held medical clinic offering bacteriophage therapy to patients from across the globe, and co-developer of PhageBioderm, a revolutionary bioactive medical polymer that is utilized for treating bed sores, burns, and tropical/necrotic ulcers. As PhageBioderm biodegrades, it delivers drugs, antibiotics, or pain medications.

Bacteriophages or phages are viruses that invade bacterial cells. Lytic phages disrupt bacterial metabolism and cause the bacterium to lyse. Like antibiotics, lytic phages have remarkable antibacterial activity.

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Bacteriophage therapy have been successfully used to treat bacterial infections in former eastern block countries for over 80 years.

"With the alarming increase in the rate of antibiotic-resistant infections it is fortunate that we have a treatment technology that has proven to be successful in dealing with even the most difficult of infections. We are delighted to be involved in helping to commercialize this treatment technology and ultimately bringing bacteriophage therapy to the western world," said Ronald Goossens, President and CEO of PII.

"We are looking forward to helping more patients and training more physicians in the use of bacteriophage therapy," said Vakhtang Beridze, President of PTC.

The purchase was recorded as a transfer of shares transaction; PTC will continue to operate as a wholly owned subsidiary of PII.

Phage Therapy Center -- Tbilisi, Republic of Georgia, treats antibiotic-resistant infections and has saved people from amputation. The clinic specializes in situations where bacteriophage therapy tends to be superior to standard and advanced therapy (including antibiotics) in the US and Western Europe. Conditions treated include: Diabetic foot ulcers, Tropic ulcers, Osteomyelitis, Bedsores, Burns, Gingivitis, Parodontosis, Stomatitis, and MRSA infections. http://www.phagetherapy.org

Phage International, Inc. -- Los Altos, Ca, a primary enabler of phage therapy, was formed in July of 2004. Its focus is bacteriophage-based human therapy to combat drug-resistant pathogens as well as to provide cost effective treatment for non-resistant pathogens. The company is in the process of opening a number of Phage Therapy Centers. www.phageinternational.com

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Hope for Those with Diabetic Foot Ulcers and Other Antibiotic-Resistant Infections; Major Step Forward in Bringing Proven Bacteriophage Therapy to Western World

Business Wire, March 1, 2005

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