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Synovics Pharmaceuticals Announces the Appointment of Jyotindra Gange as Principal Executive Officer
Date:7/10/2008

has both the experience and enthusiasm necessary to address our business objectives and I have great expectations for what we can accomplish."

Mr. Vinay Sapte on behalf of the Board of Directors said, "We appreciate Dr. Lane's long service to the Company as its CEO. We believe that he, as Chairman of the Board, will represent the Company well with our shareholders and investors, and we value the guidance and experience that he will continue to bring Synovics." Mr. Sapte further added, "Mr. Gange will immediately step into the role of Principal Executive Officer and we expect him, together with the assistance of our other members of our board, to have a very positive impact on the Company. Mr. Gange brings his experience and knowledge, which will help lead the Synovics team, as we continue to build the Company and take advantage of the opportunities before us."

About Synovics:

Synovics is a specialty pharmaceutical company engaged in the development, manufacturing and commercialization of prescription and OTC drugs. The Company has two operating subsidiaries, Kirk Pharmaceuticals, LLC and ANDAPharm, LLC, which manufacture and sell OTC and prescriptions private label or "store brand" drugs respectively, and Synovics Labs, Inc. a drug development subsidiary that is pursuing generic drug opportunities. Synovics employs approximately 150 people in its Ft. Lauderdale facility of 80,000. Sq Ft. The Company manufactures drug products in specialized containment suites including hormonal prescription drugs and under its Drug Enforcement Administration licenses. The Company has a Front-End strategy based business plan - a strategy of sourcing lowest cost, highly competitive generic drug products from India, marketed to its US customers through its Ft Lauderdale operations. Synovics' previously announced strategic partnerships with Maneesh Pharmaceuticals, LTD and Harcharan (Harry) Singh that represent the Company's cornerstone for its Front-End strategy in
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SOURCE Synovics Pharmaceuticals, Inc.
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