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BioMS Medical to Participate in Speciality Panel Session at BioFinance 2008
Date:5/1/2008

Toronto Stock Exchange Symbol: MS

~ "Anatomy of a Deal - BioMS Medical and Eli Lilly and Company" ~

EDMONTON, May 1 /PRNewswire-FirstCall/ - BioMS Medical Corp (TSX: MS), a leading developer in the treatment of multiple sclerosis (MS), today announced that Mr. Kevin Giese, President and CEO, BioMS Medical and Buu Le Lien, Senior Manager, Corporate Business Development, Eli Lilly and Company, will take part in a speciality panel session at BioFinance 2008 in Toronto entitled "Anatomy of a Deal - BioMS Medical and Eli Lilly and Company."

Also participating in the panel session will be Nitin Kaushal, Managing Director, Desjardins Securities and Jeremy Webster, Executive Vice President & Director, Deloitte & Touche. The moderator for the session will be Cheryl Reicin, Partner, Torys LLP.

WHEN: Wednesday May 7th @ 3:00 PM (Eastern Time)

WHERE: Toronto Marriott, Toronto

Kevin Giese will also provide a corporate presentation at 11:00am (Eastern Time) on Wednesday May 7th.

About BioFinance 2008

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BioFinance 2008 is the Canadian Life Science industry's leading investor conference. The meeting brings together key industry players to consider investment opportunities and issues affecting companies in biotechnology, medical devices, diagnostics and research tools. Participants include senior life science executives, institutional and venture capital investors, industry analysts, corporate finance executives and experts from the scientific and medical communities in Canada, the United States, Europe and Asia. For more information visit http://www.biofinance.ca/

About BioMS Medical Corp.

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BioMS Medical is a biotechnology company engaged in the development and commercialization of novel therapeutic technologies. BioMS Medical's lead technology, MBP8298, is for the treatment of multiple sclerosis and is being evaluated in two pivotal phase III clinical trials for secondary progressive MS patients, MAESTRO-01 in Canada and Europe and MAESTRO-03 in the United States. It additionally is being evaluated for relapsing remitting MS patients in a Phase II trial in Europe entitled MINDSET-01. In December 2007, BioMS entered into a licensing and development agreement granting Eli Lilly and Company exclusive worldwide rights to MBP8298 in exchange for an $87 million upfront payment, milestone payments and escalating royalties on sales. For further information please visit our website at http://www.biomsmedical.com.

This press release may contain forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changing market conditions, the successful and timely completion of clinical studies, the establishment of corporate alliances, the impact of competitive products and pricing, new product development, uncertainties related to the regulatory approval process and other risks detailed from time to time in the Company's ongoing quarterly and annual reporting. Certain of the assumptions made in preparing forward-looking statements include but are not limited to the following: that MBP8298 will continue to demonstrate a satisfactory safety profile in ongoing and future clinical trials; and that BioMS Medical Corp. will complete the respective clinical trials within the timelines communicated in this release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


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SOURCE BioMS Medical Corp.
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