Phagelux Announces Acquisition of Novel Delivery Systems

SHANGHAI, December 23, 2014 /PRNewswire/ — Phagelux, Inc., a leading anti-bacterial company developing phage-based solutions, is pleased to announce the acquisition of several biodegradable polymer delivery systems from Iveria Technologies, Inc., a U.S.-based development company specializing in such technologies.

"The acquisition of these technologies from Iveria will allow us to deliver our phage-based antibacterial solutions either as stand-alone products or in combination with more established medicines," said Mark Engel, Chairman of Phagelux. "The latter should open up a series of licensing and co-development opportunities for our company."

About Phagelux, Inc.

Phagelux, Inc. is developing anti-bacterial solutions across multiple fields utilizing various phage and phage-based technologies. Phagelux is headquartered in Shanghai, with laboratories in China and North America.

Media Contact

Dr. Sixiang Zhou
Director of Business Development
+86-21-6150-0300
zhousx@phagelux.com

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