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Enterologics Completes Acquisition of BioBalance Corp and Probiotic Product From New York Health Care, Inc
Date:9/8/2011

SAINT PAUL, Minn., Sept. 8, 2011 /PRNewswire/ -- Enterologics, Inc  (ELGO.OB) announced today that it has completed its acquisition of The BioBalance Corporation and its subsidiary BioBalance LLC from New York Health Care, Inc. ("NYHC").  With this purchase Enterologics acquired its first probiotic biotherapeutic product, E. coli M17, or Probactrix®.

E. coli M17 has an active Investigational New Drug application (IND) with the FDA for the indication chronic pouchitis.  Pouchitis is a complication that occurs in patients following surgical treatment of their ulcerative colitis.  This involves removing the colon and reconstructing a rectal pouch, a procedure called restorative proctocolectomy or ilealanal pouch anal anastomosis.  The pouch can become inflamed, accompanied by pain and frequent, sometimes bloody bowel movements, requiring antibiotic treatment.  While the population of pouchitis sufferers is small, the unmet treatment need is significant.  There are at present no FDA-approved drugs for treating this condition, although metronidazole and ciprofloxacin are typically prescribed off-label.  Some patients require continuous antibiotic treatment to maintain remission of their symptoms, which is undesirable due to the side effects of the drugs and the increased likelihood for developing antibiotic-resistant bacteria.  Enterologics will develop E. coli M17 as a maintenance therapy alternative to long-term use of antibiotics and their associated risks. The IND will permit the Company to initiate its first clinical trial, as soon as manufacturing is re-established and adequate financing is in place.

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SOURCE Enterologics, Inc
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