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Bioniche Receives $5 Million of Federal Government Support to Scale-up Vaccine Production in Ontario
Date:12/20/2007

- funding through the new Agri-Opportunities program of Agriculture and

Agri-Food (Canada) -

BELLEVILLE, ON, Dec. 20 /PRNewswire-FirstCall/ - Bioniche Life Sciences Inc. (TSX: BNC), a research-based, technology-driven Canadian biopharmaceutical company, today announced that it has received $5 million in federal government financing in support of its vaccine production facility scale-up in Belleville, Ontario. The $5 million repayable contribution has been provided through the new Agri-Opportunities Program of the Department of Agriculture and Agri-Food (Canada) (AAFC).

The announcement was made by Guy Lauzon, Parliamentary Secretary to the federal Minister of Agriculture and Agri-Food and the Federal Economic Development Initiative for Northern Ontario, on behalf of the Honourable Gerry Ritz, Minister of Agriculture and Agri-Food and Minister for the Canadian Wheat Board. Prince Edward-Hastings MP Daryl Kramp was on hand for the announcement. This is the first project to be approved and funded under this new AAFC program.

"This Government is making key investments in agriculture science and innovation to ensure a healthy future for Canadians," said Parliamentary Secretary Lauzon. "This project will help reduce the risk of contamination in food and water while also helping farmers obtain better prices for their products."

Bioniche has developed the world's first and only cattle vaccine that may be used as an on-farm intervention to reduce the amount of E. coli O157:H7 shed by cattle. This will be the first product manufactured in the scaled-up production facility in Belleville. The vaccine is unique in that it helps to reduce shedding of an organism that, while potentially lethal to humans, causes no disease in cattle. The Company obtained approval to distribute its vaccine under the Permit to Release Veterinary Biologics regulations by the Canadian Food Inspection Agency (CFIA) last December.

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SOURCE Bioniche Life Sciences Inc.
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