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Phosphagenics Signs Research Agreement with the Agricultural Research Service
Date:5/20/2013

, economic losses resulting from this infection are estimated at US$2 billion per annum.

"This is a significant problem for farmers worldwide as it affects milk quantity and quality," Dr Ogru said.

"Current standard of care for mastitis is antibiotic treatment, but there are widespread concerns globally around antibiotic resistant bacteria.  It is important to develop new therapeutics that bypass these problems and that are also effective."

Phosphagenics' proprietary TPM® delivery technology enables the superior absorption of key active ingredients across a range of platforms.

Dr Ogru added: "There are 250 million dairy cows globally and the U.S. dairy industry represents just 4% of this market.  Clearly progressing these kinds of products presents a major market opportunity for our Company."

About Phosphagenics

Phosphagenics Limited is commercialising drug delivery applications based on its novel transdermal (drugs administered via skin) TPM® -- Targeted Penetration Matrix technology.  TPM® is a patient friendly and cost effective system used to deliver proven pharmaceutical and nutraceutical products.

The lead products advancing through clinical trials are an oxycodone and oxymorphone matrix system for the relief of chronic pain.

Phosphagenics' shares are listed on the Australian Securities Exchange (POH) and its ADR -- Level 1 program in the US is with The Bank of New York Mellon (PPGNY).

www.phosphagenics.com

Enquiries:

Dr Esra Ogru
Chief Executive Officer
Phosphagenics Limited
+61-3-9565-1119

David Segal
Investor Relations Manager
Phosphagenics Limited
+61-3-9565-1103

Rudi Michelson
Monsoon Communications
+61-3-9620-3333


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SOURCE Phosphagenics Limited
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