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BIOSORTIA ANNOUNCES DRUG DISCOVERY RESEARCH AGREEMENT WITH ASTRAZENECA

Dublin, OH (July 15, 2013) - Biosortia Pharmaceuticals announced today a research agreement with AstraZeneca to screen Biosortia's library of unique natural products derived from aquatic microbial consortia for evaluation against AstraZeneca's therapeutic targets. The agreement includes the evaluation of partially refined mixtures as well as individual compounds.

The aquatic environment is a rich source of metabolically active organisms. And aquatic microbial consortia consisting of microalgae, bacteria, and fungi and their associated secondary metabolites, are complex living ecosystems adapted for survival in a highly competitive environment. Biosortia's technologies make it possible to access unique biologically active compounds from these consortia that are virtually unexplored. Previously, these unique compounds with high levels of potency and potentially novel mechanisms of action have not been accessible. AstraZeneca will evaluate Biosortia's unique compounds and fractions for activity against a number of therapeutic targets.

Biosortia's President and Chief Executive Officer, Kurt Dieck stated: "We are excited to be working with such a great organization as AstraZeneca, one of the top 10 largest pharmaceutical companies in the world. Their focus on innovation and identifying new sources to research aligns well with our early stage drug discovery strategy."


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About Biosortia Pharmaceuticals - Biosortia Pharmaceuticals is is a division of Algaeventure Systems (AVS). Biosortia has a proven and unique ability to obtain unculturable aquatic microorganism consortia from the natural environment in unprecedented quantities that allows its research team to perform direct study of vast quantities of new natural products. Biosortia is actively engaging drug research and development organizations to explore the vast opportunity of unculturable microorganisms for potential therapeutic agents, and other novel compounds of value in biotechnology fields.



About AstraZeneca - AstraZeneca is a global, innovation-driven biopharmaceutical business that focuses on the discovery, development and commercialization of prescription medicines, primarily for the treatment of cardiovascular, metabolic, respiratory, inflammation, autoimmune, oncology, infection and neuroscience diseases. AstraZeneca operates in over 100 countries and its innovative medicines are used by millions of patients worldwide. For more information please visit: www.astrazeneca.com.