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ProMetic provides business update - Over $35 million worth of business secured in January
Date:2/6/2008

- Shipment of prion capture resin to MacoPharma in Q1 2008; - MacoPharma increased its forecast for P-Capt(R) filters sale in 2008; - Use of affinity prion adsorbent for plasma-derived products to generate

in excess of $25 M over the next 5 years

- $4 M in 2008; - 10th product approved by the FDA and or the EMEA, contributing to revenue

growth.

MONTREAL, Feb. 6 /PRNewswire-FirstCall/ - ProMetic Life Sciences Inc. (TSX:PLI) ("ProMetic") today provided an update on its business activities.

"Key milestones were achieved in January, a prelude to the announced growth for 2008 and beyond," stated Pierre Laurin, ProMetic's President and Chief Executive Officer. "With our Protein Technologies Business expected to be EBITDA positive this year, and to generate an EBITDA in excess of $15 M in 2009, as well as a partnering of PBI-1402 in 2008, we clearly are on track to deliver value to our shareholders," added Mr. Laurin.

- ProMetic to ship prion capture resin in Q1 2008 for incorporation into

the P-Capt(R) filter. This is in response to MacoPharma's increased

product requirements to meet the expected sales of the P-Capt(R) filter

to Ireland and the UK in 2008. This favorably impacts ProMetic revenue

as of the first half of 2008.

- ProMetic confirmed the decision of a major European plasma fractionator

to scale-up the prion removal process. This process ensures the removal

of any abnormal prion proteins that may be present in donated plasma

and will add another level of safety to the already established

treatment protocols.

- Expected completion of the scale-up phase is June 2008, providing

ProMetic approximately $1 M;

- Including Kedrion, this will signify two major European plasma

fractionators using the prion reduction resin at scal
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SOURCE PROMETIC LIFE SCIENCES INC.
Copyright©2008 PR Newswire.
All rights reserved

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