BOARD OF DIRECTORS
PRESENTATIONS
Helix BioMedix, Inc. (OTCBB: HXBM - News), a developer of bioactive peptides, announced that it has entered into a manufacturing and supply agreement with Peptisyntha, Inc., an affiliate of Solvay S.A. Pursuant to the agreement, Peptisyntha will manufacture and supply to Helix BioMedix its requirements for certain peptides at specified prices for an initial term of two years.
“This agreement is significant for Helix BioMedix as it addresses several critical components that are important to the company both now and in the future,” stated R. Stephen Beatty, President and CEO of Helix BioMedix, Inc. “First, our relationship with Peptisyntha is a major step towards ensuring that we can supply commercial quantities of peptides once products are developed through our pharmaceutical program. Second, this agreement will immediately provide peptide supplies to our marketing partners for our rapidly growing consumer product segment. These partners introduced over a dozen products into the market during 2007 by which we generated our first material revenue. Current indications lead us to believe that our consumer product revenue could exceed $1 million in 2008 and could be in excess of $5 million in 2009. As a result of this agreement, our partners will have a readily available peptide supply for the significantly higher order volume that we are now beginning to experience.”
About Helix BioMedix, Inc.
Helix BioMedix, Inc. is a biopharmaceutical company with over 50 patents supporting an extensive library of peptides that are diverse in structure, sequence, and bioactivity. We are a leader in creating novel, first-in-class, lipohexapeptide drug candidates, with an initial focus on the large topical anti-infective market including indications such as acne, rosacea, MRSA and fungal infections. We are also focusing on the design of peptides for the consumer market where, to date, we have entered into partnerships with six companies engaged in supplying high-quality ingredients to the cosmetics and cosmeceuticals sectors.
Our core competencies include peptide design, synthesis and characterization together with assay development, screening, tissue culture and microbiology, leveraged through relationships with contract research organizations and peptide manufacturers. We have the capability to take peptide-based products from a theoretical concept to a safe and efficacious finished product.
More information about the company and its proprietary peptides may be found on the company’s website at www.helixbiomedix.com.
Forward Looking Statements
This press release contains forward-looking statements (statements which are not historical facts) within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding activities, events or developments that the company expects, believes or anticipates may occur in the future, including statements related to its potential growth, product development and commercialization and revenue. A number of factors could cause actual results to differ from those indicated in the forward-looking statements, including the company's ability to successfully raise additional capital, enter into revenue generating license agreements, continue its research and development efforts, including pre-clinical and clinical studies, continue developing marketable peptide-based products and general economic conditions. Additional assumptions, risks and uncertainties are described in detail in the company’s reports and other filings with the Securities and Exchange Commission. Such filings are available on the company’s website or at www.sec.gov. Readers are cautioned that such forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in the forward-looking statements. The company undertakes no obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstances.
Helix BioMedix Contacts:
Investor Contact:
Ryan Bright
Shelton Group Investor Relations
972-239-5119 X 159
rbright@sheltongroup.com
Company Contact:
R. Stephen Beatty
President and CEO
425-402-8400
sbeatty@helixbiomedix.com
