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Pulmo BioTech Inc. Announces Letter of Intent Regarding Proposed License of its Pulmonary Vascular Diagnostic Product Candidate PulmoBind(TM)
Date:10/20/2009

NEW YORK, Oct. 20 /PRNewswire-FirstCall/ -- Pulmo BioTech Inc. (OTC Bulletin Board: PLMO; Frankfort Borse: PBO) has announced that it has entered into a non-binding letter of intent with BioTechnology Consulting Poland Sp. z.o.o. to license its Pulmonary Vascular Diagnostic Product Candidate PulmoBind(TM) for development work, clinical trials and ultimately, commercialization in the European market.

"We are very pleased to have signed a non-binding LOI with BioTechnology Consulting Poland. The license agreement contemplated by the LOI will allow Pulmo BioTech to continue with its focus on achieving regulatory approval for PulmoBind in North America while ensuring that European phase trials will be carried out in parallel, allowing rapid entry to the European Market as well as the United States. Under the License Agreement, BioTechnology Consulting Poland will be responsible for all European phase trials and subsequent commercialization across the whole of the European Union and European Economic Area. Further details as to the specifics of this LOI are expected to be announced shortly." - Garry McCann, CEO Pulmo BioTech Inc.

About Pulmo BioTech Inc.

Pulmo BioTech Inc. specializes in the development and marketing of medical technology and research. Our proven strengths combine extensive commercial experience and academic credentials. The principal staff members are acknowledged experts in their specialized fields, and work with a broad range of investment institutions. Our mission is to utilize scientific imagination and drive, together with managerial and financial acumen, to bring innovative and profitable products to the marketplace to the benefit of all stockholders.

ISIN: US7458451074

CUSIP: 745845107

WKN: A0RDTZ

About PulmoScience Inc.

PulmoScience Inc. was established in 2006, and is currently developing a non-invasive Molecular Imaging technique for the diagnosis
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SOURCE Pulmo BioTech Inc.
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