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AspenBio Pharma Begins Training Hospital Sites for Pivotal Clinical Trial
Date:11/13/2012

s at approximately 25 hospital emergency departments across the United States.  AspenBio plans to complete this study, file for marketing clearance, and upon receipt of such clearance from the FDA, launch the product in the U.S. in late 2013.

In Europe, the Company is currently pursuing agreements with top distributors in what AspenBio believes will be major sales territories, including Germany, UK, France, Italy and Benelux.  The Company expects to file for and obtain CE Mark for its diagnostic test before the end of the year and hopes to be positioned to commence sales and distribution efforts as soon as possible thereafter.

At September 30, 2012, the Company had $10.2 million in cash, cash equivalents and short-term investments.  AspenBio believes it has sufficient cash to complete the planned pivotal trial, as well as launch the product in Europe. 

Mr. Lundy concluded, "This is a critical time in the Company's history, with many exciting regulatory, development and commercial initiatives ongoing.  We remain deeply focused on execution of these important milestones, and we look forward to providing additional near-term updates as we advance toward commercialization of our first diagnostic product."

Conference Call Information
The Company has scheduled its quarterly conference call and webcast for today, November 13, 2012, at 4:30 p.m. ET. Interested participants and investors may access the conference call by dialing 1-800-860-2442 (U.S.), 1-866-605-3852 (Canada) or 1-412-858-4600 (international).  A live audio webcast will be accessible via the Investor Relations section of the AspenBio web site, www.aspenbiopharma.com.  

A telephonic replay of the call will be available for two weeks beginning at 8:00 p.m. ET on November 13, 2012.  Access numbers for this replay are 1-877-344-7529 (U.S./Canada) and 1-412-317-0088 (international); co
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SOURCE AspenBio Pharma, Inc.
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