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Enterologics Completes Acquisition of BioBalance Corp and Probiotic Product From New York Health Care, Inc
Date:9/8/2011

ref="http://nccam.nih.gov/health/probiotics/introduction.htm">Probiotics are live microorganisms (in most cases, bacteria) that are similar to or derived from beneficial microorganisms found in the human gut.  While most probiotics are sold through consumer channels without therapeutic claims, Enterologics' strategy is to obtain FDA approval for its probiotics as biologic drugs for treating specific diseases, subject to rigorous quality standards and testing in well-controlled clinical trials.

"This acquisition fulfills the first milestone in our strategy to commercialize high value probiotics as biologic drugs for specific gastrointestinal (GI) conditions.  The E. coli M17 technology coupled with the new shelf-stable dosage form we are developing with Universal Stabilization Technologies provides us with the ideal platform for our first biologic drug product," said Bob Hoerr, Enterologics' president.  "We believe that gaining FDA approval for the pouchitis indication targeted in IND should be possible with a focused clinical testing program at a reasonable cost."

Dr. Hoerr stated that the active IND for E. coli M17 means the Company can focus its resources on the clinical testing needed for FDA approval, rather than on the lengthy preclinical testing typically required for a new biologic. The acquisition also includes BioBalance's portfolio of patents, intellectual property and regulatory filings.  Terms of the deal are detailed in the Company's 8-K filing dated September 7, 2011.

About Enterologics

Enterologics, Inc (ELGO.OB) is a biotechnology company that is developing probiotics as biologic drugs for specific gastrointestinal disease
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SOURCE Enterologics, Inc
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