OxyFile #517
Medizone International Announces an Agreement with JRH Biosciences
to Develop Commercial Treatment of Bovine Serum
NEW YORK CITY - April 22, 1997 - Medizone International, Inc.
("Medizone") (OTC.BB:MZEI.U) announced today that it has entered
into an agreement with JRH Biosciences, headquartered in Lenexa,
Kansas, a CSL Limited Company. The purpose of the agreement is to
investigate, develop, and ultimately license Medizone's patented
viral decontamination process specifically for the treatment of
bovine serum. JRH Biosciences is a global supplier of sera and
cell culture media products to biotech and biopharmaceutical
companies.
This agreement, which will be implemented at the JRH Biosciences
facility in Lenexa, Kansas, is structured in a three-tier program:
1) validate that Medizone's decontamination process inactivates
pathogens while maintaining the biological characteristics of the
treated serum;
2) "scale-up" a device that delivers Medizone's process and
accommodates commercial volumes of biological fluids; and
3) commercially license Medizone's technology for this
application.
Dr. Joseph S. Latino, Medizone's President, said, "This agreement
marks a highly significant step for us, the first potential
commercial application of Medizone's patented technology, and
could lead to a revenue stream for the Company. The scientific
acknowledgement and partnership with a worldwide leader in the
field of bovine serum production should eventually lead to the
Company's transformation from a research and development company
to a commercial entity."
The preliminary groundwork for the agreement with JRH Biosciences
was developed through Medizone's subsidiary, Medizone New Zealand
Ltd. (MNZL), therefore revenues derived from the licensing of
Medizone's technology will be distributed as described in both
licensing and managing agent agreements between Medizone and MNZL.
Medizone is developing Medizone, an ozone-based treatment for
diseases caused by lipid enveloped viruses, including Acquired
Immunodeficiency Syndrome (AIDS), Hepatitis B, and Herpes; and is
also developing its patented technology for the decontamination of
blood and blood products.