Sinobiomed Inc.
OTC Bulletin Board : SOBM

Sinobiomed Inc.

April 24, 2007 09:01 ET

SinoBiomed's Malaria Vaccine Granted US Patent

SHANGHAI, CHINA--(CCNMatthews - April 24, 2007) - SinoBiomed Inc. ("SinoBiomed", "the Company") (OTCBB:SOBM) is pleased to announce that the United States Patent and Trademark office has granted a patent for the malaria vaccine PfCP2.9 to which SinoBiomed has exclusive rights to develop, manufacture and sell through its 82 percent owned subsidiary, Shanghai Wanxing Bio-pharmaceuticals Co. Ltd. ("Shanghai Wanxing").

Patent number 7,101,556 B2, dated September 5, 2006, has been assigned to the Second Military Medical University (SMMU) of Shanghai China for the preparation and dosage of plasmodium fusion antigen invented by Dr. Weiqing Pan. Dr. Pan, an advisor to SinoBiomed and an internationally recognized researcher, heads the Department of Parasitology at SMMU and serves on China's national committee to combat parasitic diseases.

"The granting of this US patent enables SinoBiomed to proceed with the vaccine development with full confidence in its potential for commercial development for the global market," said Company President and CEO Banjun Yang. "The potential benefits to humanity as well as to SinoBiomed shareholders are significant."

The invention provides a fusion protein comprising the Plasmodium merozoite surface protein-1 (MSP1) and the Plasmodium apical membrane antigen 1 (AMA-1), the encoding DNA sequence, the vector containing the sequence, the host cell containing the vector and the genetic engineering method for preparing the fusion protein and the usage for producing anti-malarial vaccine. The patent holder was granted the right to exclude others from making, using, offering for sale, or selling the invention throughout the United States with 20 years protection term from the date on which the earliest application was filed (February 1, 2002).

On Mar 22, 2001, Second Military Medical University and Shanghai Wanxing signed the authorization letter that gives Shanghai Wanxing the exclusive right to exploit such technology, including the right to manufacture and sell the malaria vaccine it develops. SinoBiomed is developing and testing the plasmodium fusion antigen as a blood-stage malaria vaccine with the support of the World Health Organization (WHO) and the Malaria Vaccine Initiative (MVI) of the Program for the Appropriate Technology in Health (PATH). The Bill & Melinda Gates Foundation has committed $258.3 million to the global fight to eradicate malaria.

SinoBiomed's malaria candidate vaccine (PfCP2.9) targets the world's most deadly malaria parasite (Plasmodium falciparum) at its most destructive stage-its rapid replication in human red blood cells. In the now completed Phase I Clinical Trial, PfCP2.9 showed greater immunogenicity and fewer adverse reactions. The Chinese State Food and Drug Administration (SFDA), which has a drug approval process similar to that of the US FDA, has approved PfCP2.9 for Phase II Clinical Trial to be conducted in China's Yunnan Province and Southeast Asia.

About SinoBiomed

SinoBiomed Inc. is a leading Chinese developer of genetically engineered recombinant protein drugs and vaccines. Based in Shanghai, SinoBiomed currently has 10 products approved or in development: two on the market, one approved and will go on the market as long as the GMP certificate being received four in clinical trials and three in research and development. The Company's products respond to a wide range of diseases and conditions, including: malaria, hepatitis, surgical bleeding, cancer, rheumatoid arthritis, diabetic ulcers and burns, and blood cell regeneration.

FORWARD LOOKING STATEMENTS This news release may include "forward-looking statements" regarding SinoBiomed Inc., and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where SinoBiomed Inc. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. SinoBiomed Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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