Immune Network enters letter of intent to acquire Immunitor oral vaccine technology

Immune Network Ltd. (Pink Sheets:IMMFF) advises that a clinical trial of V5 Immunitor oral vaccine was published earlier this month demonstrating an unexpected powerful effect against tuberculosis, including multi-drug-resistant tuberculosis (MDR-TB) and tuberculosis that is complicated by co-infection with HIV and hepatitis C (HCV). As advised in a September 16, 2010 press release, the Company has entered into a letter of intent to acquire Immunitor oral vaccine technology and products, subject to several conditions including the Company completing its regulatory filings.

V5 Immunitor is an oral vaccine designed and shown to be clinically effective for managing chronic hepatitis B and hepatitis C. The anti-tuberculosis effect has been revealed during a routine clinical trial of V5 in patients with chronic hepatitis C who happened to have tuberculosis. Not only was V5 effective on various liver disease endpoints in 19/20 of the patients, but also, several clinical endpoints associated with TB co-infection improved significantly during the one-month trial leading to discharge of 17 of the 20 patients enrolled. These results were published in the October 2010 edition of Journal of Vaccines and Vaccination, and are available in full text online at http://www.omicsonline.org/2157-7560/2157-7560-1-103.php. An Immunitor press release is available online at http://www.prweb.com/releases/2010/10/prweb4647254.htm.

Immunitor is continuing its clinical work on V5 and other products and updates on progress and further trials will be given accordingly. Immune Network has commenced work toward full regulatory compliance in Canada and USA so that the acquisition of Immunitor may proceed as planned.