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MEDICAGO ANNOUNCES 2010 THIRD QUARTER FINANCIAL RESULTS
Date:11/12/2010

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QUEBEC CITY, Nov. 12 /PRNewswire-FirstCall/ - Medicago Inc. (TSX: MDG), a biotechnology company focused on developing highly effective and competitive vaccines based on proprietary manufacturing technologies and Virus-Like Particles, today announced its operational and financial results for the third quarter ended September 30, 2010. The Company's financial statements and management report are available at href="http://www.sedar.com">www.sedar.com and at href="http://www.medicago.com/">www.medicago.com.

"There were several key developments this quarter. Firstly, Medicago was awarded US$21M from the Defense Advanced Research Projects Agency (DARPA).  This award recognizes our solution to quickly produce highly effective and cost-effective vaccines. We have commenced construction of our U.S. commercial grade facility, which will allow us to participate in the $3.7B seasonal and pandemic vaccine market whilst enhancing access to grant programs in the U.S. for additional funding opportunities," said Andy Sheldon, President and CEO of Medicago. "Secondl
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