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Microbix Biosystems Provides a Corporate Update
Date:10/29/2009

nearly $70 million worth of product per year.

Semen Sexing Technology: SST

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Microbix' Semen Sexing Technology (SST) will enable producers of dairy, swine and beef animals to predetermine the sex of offspring prior to conception, thereby maximizing productivity, profitability, and genetic potential. In virtually every sector of commercial animal breeding, there is clear preference for one sex over the other. In addition, its SST technology does not involve genetic modification, is non-invasive, and will not require regulatory approval.

Its semen sexing program has emerged from Microbix' initial research phase that led to patent applications designed to provide full intellectual property exclusivity. With SST, the Company expects to enter and garner a significant market share in the multi-billion dollar unregulated market for companies in the animal health field and livestock industries.

While discussions to finance completion of development of the semen sexing technology are ongoing, approximately 25 percent of the dairy semen collection centres are already under agreement with Microbix to implement this technology once ready. Microbix forecasts more than $140 million in SST revenues that would be shared with its partners within three years of launch.

Microbix is also advancing discussions for SST development partners with several global animal health companies.

Mark A. Cochran Added To Management

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Mark A. Cochran, a director and consultant to Microbix, recently joined our management team to help us drive our pipeline products to commercialization and forge licensing agreements and joint ventures. Dr. Cochran, our Chief Business Officer, brings to us professional experience that spans all levels of the drug discovery and development value chain including operational and executive roles in venture capital
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SOURCE Microbix Biosystems Inc.
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Related biology technology :

1. ImaRx Therapeutics Signs Letter of Intent With Microbix Biosystems for the Sale of Urokinase
2. Microbix Uses Core Business Cashflow To Fund Late-Stage Pipeline To Build Shareholder Value In 2009
3. Microbix First Quarter Sales Grow Over 50% With Continued Progress On The Pipeline
4. Microbix Announces A New Technology Platform For The SST Project
5. Microbix Sales Grow Over 30% In The Second Quarter; Up 43% In The First Half 09
6. Microbix Files First Patent Applications On Novel Technology Platform For Large Semen Sexing Market
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