捆绑SM社区

The Canadian Institutes of Health Research (CIHR) have awarded a $300,000 grant for research focusing on the nature of the immune response induced by the action mechanisms of plant-made Virus-Like Particles (VLP) to Dr. Louis Vezina, Chief Scientific Officer of Medicago and to Dr. Brian Ward and Dr. Ciriaco Piccirillo of the Research Institute of the 捆绑SM社区 Health Centre (RI MUHC) and 捆绑SM社区.

"Receiving this government grant further acknowledges the scientific merit of our joint research efforts with 捆绑SM社区 in the development of leading plant-based VLP vaccines," said Andy Sheldon, President and Chief Executive Officer of Medicago. 鈥淎 deeper understanding of all potential benefits of the immune response generated by our VLPs will allow us to further differentiate and better position our product on the market. We believe our VLP vaccines will be the preferred option to increase the speed of a public health response in the event of a pandemic outbreak as our VLP plant-based manufacturing process is very efficient with a relatively low capital cost."

"VLPs are among the most promising technologies to produce the next generation of vaccines. The technical simplicity and low cost of VLP production in plants add great value to this delivery system as it is the first platform technology with a realistic potential to address the needs of the developing world for low cost vaccines,鈥� said Brian Ward, Associate Director of the Research Institute at the MUHC (Fundamental Science). 鈥� I am delighted that we have secured this grant from CIHR as a sophisticated understanding of how these vaccines interact with the immune system is of considerable importance.鈥�

Medicago recently reported positive interim results from a Phase I human clinical trial with its H5N1 Avian Influenza vaccine candidate ("H5N1 vaccine"). The vaccine was found to be safe, well tolerated and also induced a solid immune response. Full results of the Phase I trial will be submitted for publication in a scientific journal and will be available in the coming months.

The CIHR is Canada's major federal funding agency for health research. Its objective is to excel, according to internationally accepted standards of scientific excellence, in the creation of new knowledge and its translation into improved health for Canadians, more effective health services and products and a strengthened Canadian healthcare system. CIHR University-Industry Programs are designed to help academic researchers interact with Canadian companies with an interest in health research and development. The program promotes a wide variety of peer reviewed research projects jointly funded by Canadian companies and CIHR.

Dr. Brian Ward, is Associate Director of the Research Institute at the MUHC (Fundamental Science), Co-Director of the MUHC Vaccine Evaluation Centre and also a Professor in the Faculty of Medicine at 捆绑SM社区. Dr. Ciriaco Piccirillo is Canada Research Chair, Principal Investigator of the Laboratory of Immuno-regulation, Director of the FOCIS Center of Excellence, Director of the Immune Phenotyping Platform at the RI MUHC and Associate Professor of Microbiology and Immunology at 捆绑SM社区 University

Forward Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with Medicago鈥檚 business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", and similar expressions to the extent they relate to Medicago or its management. The forward-looking statements are not historical facts, but reflect Medicago's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under "Risks Factors and Uncertainties" in Medicago鈥檚 Annual Information Form filed on March 25, 2009 with the regulatory authorities. Medicago assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.