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SemBioSys announces 2007 third quarter results
Date:11/1/2007

half of 2008. Additional upcoming insulin milestone events include:

- Complete the preclinical testing of safflower-produced insulin

- Complete the technology transfer and scale-up of insulin processing

and formulation to the Company's contract manufacturer for Phase II

clinical material and production of clinical grade material for early

stage human trials

- Submit an IND to the FDA and prepare for Phase II clinical trial

- Continue business development activities toward an insulin

partnership

With the Company's recent achievement of successfully developing commercial levels of Apo AI, the upcoming Apo AI milestone events include:

- Functional equivalence of Arabidopsis-produced Apo AI and serum-

derived Apo AI in animal trials

- Functional equivalence of safflower-produced Apo AI and serum-derived

Apo AI in animal trials

In addition to its pharmaceutical milestones, the Company is also advancing the development of its non-pharmaceutical products. The upcoming milestone events expected from these programs include:

- Establish commercial distribution channels for its personal care

topical oilbody products through the Botaneco business unit

- Establish Botaneco as a separate legal entity

- Initiate pond trials for the Company's shrimp feed additive,

ImmunoSphere(TM)

About SemBioSys Genetics Inc. (http://www.sembiosys.com)

Calgary, Alberta-based SemBioSys Genetics Inc. is a biotechnology company developing protein-based pharmaceuticals for metabolic and cardiovascular diseases. The Company's lead pharmaceutical candidates, produced in the plant host safflower, are recombinant human insulin to serve the rapidly expanding global diabetes market and Apo AI, a next generation cardiovascular drug. In addition to its pharmaceutical products, SemBio
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SOURCE SemBioSys Genetics Inc.
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