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AspenBio Pharma Reports Second Quarter 2007 Results
Date:8/20/2007

ned to aid in super-ovulation for embryo transfer in dairy and beef cows throughout the world. It will compete in a niche market comprised of a "small easy to reach" group of approximately 300 to 400 centers in the world that act as super-ovulation and embryo transfer (ET) locations. While the worldwide bovine FSH market is estimated to be between $15 million and $20 million annually, AspenBio believes BoviPure FSH could dominate this market due to the substantial labor savings, simplicity, and convenience of this one-dose drug. AspenBio also believes these many benefits will stimulate market growth and allow for premium pricing over conventional animal-derived FSH drugs. The current conventional treatment in the United States involves an eight-dose treatment professionally administered over 4 days at 12 hour intervals, with an $80 average total drug cost.

Additional research studies conducted over the last several months on both of these drugs continue to demonstrate their cost effectiveness in enhancing the reproduction process and maintaining improved pregnancy rates. If successfully approved by FDA, these products will be the only bovine LH \ FSH products in the US animal market with an FDA approval.

StayBred: Positive development activities continue on AspenBio's largest market potential, single-chain reproduction-enhancing drug, StayBred (a/k/a BoviPure LH an LH analog for cows). Recent development work on StayBred BoviPure LH has provided product improvements designed to lower production costs of this important new drug. The company continues to test additional potential uses of BoviPure LH, which it believes will further help increase pregnancy rates in dairy cows and potentially expand the total annual market potential beyond original estimates of $200 million.

AspenBio continues to receive strong market interest and has begun preliminary discussions with potential international licensing and/or partners to support FDA approval, distributi
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SOURCE AspenBio Pharma, Inc.

Copyright©2007 PR Newswire.

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