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Omni Bio Pharmaceutical, Inc's. CEO Issues Letter to Shareholders
Date:3/31/2011

operty rights for diabetes and our other intellectual property disease classifications to one or more of the existing manufacturers of AAT, hence avoiding the capital intensive investment in plant, equipment and associated sales force.

Although there is optimism about our study's prospects within Omni, we are not alone in our optimism.  The Immune Tolerance Network ("ITN") has initiated a similar trial of AAT utilizing Aralast NP in Type 1 diabetics (http://www.retainstudy.org/).  The ITN is a non-profit, government-funded consortium of researchers working together to establish new treatments for diseases of the immune system.  The ITN was founded in 1999 by the National Institute of Allergy and Infectious Diseases (a part of the National Institutes of Health ) and receives support from the National Institute of Diabetes and Digestive and Kidney Diseases and the Juvenile Diabetes Research Foundation ("JDRF").  The ITN study follows on the heels of two failed Type 1 diabetes studies that had been funded by ITN utilizing other drugs.  I consider the Immune Tolerance Network's decision to invest their resources in this trial as an important endorsement of our concept that AAT is a promising therapy for Type I Diabetes.

In addition to the recently commenced ITN study, Israel's Kamada, LTD recently filed for an IND utilizing their formulation of AAT on Type 1 diabetes.  Kamada received FDA approval for its formulation of AAT this past summer and has become aware of our clinical trial in Type 1 diabetes over the past 15 months.  We believe their filing an IND with the FDA is a clear indication that they believe the potential for AAT to treat Type 1 diabetes is significant.

Over the course of the past 12 months Omni has been invit
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SOURCE Omni Bio Pharmaceutical, Inc.
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