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Osteologix Announces Completion of Corporate Consolidation
Date:8/5/2011

e active component of which significantly improves bone mineral density and reduces fracture risk.  NB S101 has demonstrated significant beneficial effects in a Phase 2 clinical trial by reducing bone resorption and increasing strong bone formation. This dual action on bone- a significant medical need not served by current therapies in the U.S.- suggests that NB S101 could fundamentally change the treatment paradigm of patients with osteoporosis.  Importantly, NB S101 appears to help build bone in a manner similar to the body's own metabolic processes by rebalancing bone metabolism in a way that favors strong bone formation.  Key patents for NB S101 have been issued in the United States, Europe and Japan, providing protection to at least 2024.

About Osteologix
Osteologix is a specialty pharmaceutical company focused on the development of innovative therapies for the treatment and prevention of diseases of bone and joint tissues. Its lead product candidate, NB S101, is a novel pharmaceutical agent for the treatment and prevention of osteoporosis. In November 2007, Osteologix completed a Phase II clinical trial of NB S101 that demonstrated the ability of NB S101 to reduce markers of bone resorption and increase bone mineral density. In July, 2010 Osteologix granted the Servier Research Group an exclusive royalty bearing license to develop and commercialize NB S101 (strontium malonate) and other strontium salts covered by Osteologix's patent rights to treat post menopausal osteoporosis, other bone and joint disorders and dental indications worldwide, except in the U.S. For more information please visit http://www.osteologix.com.

Safe Harbor Statement:
Statements in this press release are not strictly historical, including statements about the corporate consolidation, operating on a positive cash flow basis, the payment and timing of any potential dividends, potential paymen
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SOURCE Osteologix Holdings, PLC
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