MONTREAL, QUEBEC--(Marketwire - July 14, 2010) - A5 Laboratories Inc. (OTCBB:AFLB) is pleased to announce that it has reached an agreement to provide full CRO and development services to Neolabs of Concord, Ontario. Upon obtaining health Canada laboratory establishment licence the company will be providing raw material, finished product and stability services to Neolab. A5 Labs plans to submit its application for Health Canada licence by the end of current quarter.
"Our agreement with Neolab is a significant milestone and an exciting development in further establishing our company's CRO business. We look forward to a long term relationship with Neolab," said Dr. Richard Azani, President and CEO.
About A5 Labs:
A5 Labs is a contract research based organization servicing the pharmaceutical and biotechnology companies in North America. The company utilizes its research capabilities to license and acquire novel biotechnology products for development and commercialization.
Neolab is a specialty pharmaceutical company focusing on the sales and marketing of women's health, dermatology and nutrition products.
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