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Moleac Named Singapore Entrepreneurial Company of the Year at the Frost & Sullivan Excellence in Healthcare Awards
Date:4/21/2009

h. It has witnessed considerable geographic expansion outside its home country. The success of the product is evident in the dramatic revenue growth between 2006 and 2008 and the aggressive multi-million dollar targets that the company has set for itself in 2009."

David Picard, CEO of Moleac, said, "I am delighted to receive this award from Frost & Sullivan, which is a confirmation of our early successes. Having launched NeuroAid in 2006, we have been focusing our efforts on making NeuroAid available to stroke sufferers around the world. NeuroAid is the first medicine to support stroke recovery, and this is a huge unmet need for patients. In 2008, Moleac shipped 3,000 months of treatment of NeuroAid, bringing its benefits to many stroke patients around the world. I am very pleased that we were able to do our part in helping them in their recovery."

He continued to add, "I would like to thank all those who have supported Moleac over the past few years. This includes our academic partners, who have shown interest in our approach, enabling its clinical development, our investors who have trusted us, and of course my colleagues who have made this venture a success. Without this support, receiving this award would not have been possible."

    Moleac's achievements in 2008 include:
    -- Closing a Series A round of funding at US$ 3.5 million
    -- Launching NeuroAid in new territories, such as Philippines, Malaysia,
       Lebanon and Jordan. NeuroAid is now listed in 9 countries
    -- Incorporating a European subsidiary in Paris, to ensure NeuroAid
       becomes available to patients in Europe rapidly, first through a Named
       Patient Program.
    -- Tripling sales volume of NeuroAid, to reach over US$900,000 (for 2008)

NeuroAid is a natural medicine originating in Traditional Chinese Medicine. Clinical trials have shown that patients taking NeuroAid within six months from a
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SOURCE Moleac
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