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BioMarCare Technologies Ltd. Receives a $900k Grant for a Joint Project with Ariadne Inc.
Date:8/2/2011

ds and will be repaid through royalty payments from the developed product. BioMarCare and Ariadne Inc. are currently finalizing their collaboration agreement and will then finalize an agreement with the BIRD Foundation, as required by the fund.

BioMarCare's CEO, Dana Cohen, said, "The prestigious BIRD Foundation's grant enables the Company to develop a diagnostic product which will reduce ineffective treatment of patients and excessive costs to the healthcare system. Product development with Ariadne Inc. will also extend the Company's reach to the U.S. market and may be the basis for developing additional tests to guide treatment of cancer in the future."

About Hadasit Bio-Holdings

Hadasit Bio-Holdings Ltd., established in 2006, is the publicly traded subsidiary of Hadasit Ltd. - the technology transfer company of the Hadassah University Hospital, Israel's foremost medical research center.  The Company was established for the purpose of promoting and commercializing the intellectual property and R&D capabilities generated by Hadassah.

HADSY is the domestically traded ADR of Hadasit Bio-Holdings, a public investment vehicle representing a portfolio of biotech companies, all based on inventions developed at Hadassah.  

Hadasit Bio-Holdings focuses on advancing companies that are past successful preclinical trials and close to completion of Phase I/II clinical trials. The portfolio companies develop drugs with blockbuster potential (markets that are worth over a billion dollars) and operate in the fields of cancer, inflammatory diseases and tissue regeneration using stem cells - areas in which the Hadassah Hospital has extensive knowledge and recognition as a global leader.

For more information please visit: www.hbl.co.il

Investor Contact
KCSA Strategic Communications
Jeff Corbin / Rob Fink
jcorbin@kcsa.com<
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SOURCE Hadasit Bio-Holdings, Ltd.
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