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Transgenomic and Power3 Medical Complete Agreement for Exclusive License of Neurodegenerative Biomarker Test
Date:2/2/2009

Targets Diagnosis and Early Detection of Alzheimer's and Parkinson's Diseases

OMAHA, Neb. and HOUSTON, Feb. 2 /PRNewswire-FirstCall/ -- Transgenomic, Inc. (OTC Bulletin Board: TBIO) and Power3 Medical Products, Inc. (OTC Bulletin Board: PWRM) today announced they have finalized a transaction, pursuant to their signed Letter of Intent announced December 2, 2008 (see "Transgenomic Signs Letter of Intent for an Agreement to Exclusive License With Option to Acquire Power3 Medical Products' Neurodegenerative Diagnostics"), with the signing of a definitive collaboration and exclusive license agreement for the rights to Power3 Medical's neurodegenerative biomarkers.

The agreement grants Transgenomic (www.transgenomic.com) exclusive rights in the U.S. and certain international markets to neurodegenerative biomarkers from Power3 Medical (www.power3medical.com), including NuroPro(R), a proposed diagnostic for Alzheimer's and Parkinson's diseases based on Power3's proteomics platform. Transgenomic will pay Power3 Medical an up-front license fee, milestone payments, royalties, and will also provide development funding and resources.

The NuroPro tests will be offered by Transgenomic in its CLIA-certified molecular diagnostics laboratory and will add to Transgenomic's portfolio of molecular diagnostics used for mitochondrial disorders, oncology, hematology molecular pathology, and inherited diseases.

NuroPro was developed by Power3 Medical to monitor the concentration of a panel of blood serum protein biomarkers, using biostatistical analysis to assign a probability score reflecting the likelihood a patient may have a neurodegenerative disease. The test is an objective tool that helps clinicians distinguish patients with neurodegenerative disorders, such as Alzheimer's, Parkins
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SOURCE Transgenomic, Inc.; Power3 Medical Products, Inc.
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