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Company: Genesis Bioventures Inc
Symbol: GBIW.OB
The Tower
10940 Wilshire Boulevard
Los Angeles, CA 90024
United States - Map
Phone: 310-443-4102
Fax: 310-443-4103
http://www.gnsbio.com
RECENT COMPANY NEWS:

Featured: 04.10.07 Last Trade: 0.08 - 04.17.07 Last Trade: 0.13 ......
+62.5% in ONE WEEK!!!!!!

GENESIS BIOVENTURES INC Files SEC form 8-K, Change in Directors or Principal Officers
EDGAR Online
 (Mon, Sept 24)

Genesis Bioventures Letter To Shareholders
Business Wire
 (Wed, Sept 19)

Genesis Bioventures Announces Investor Conference Call and Webcast
Business Wire
 (Fri, Sept 07)

Genesis Bioventures Announces Investor Conference Call and Webcast
Business Wire
 (Tue, Aug 21)

GENESIS BIOVENTURES INC Files SEC form 10QSB, Quarterly Report
EDGAR Online
 (Mon, Aug 20)

Genesis Bioventures, Inc. Announced Today That the Company is Participating in an Audio Interview on Wallst.net on Friday, August 03, 2007
Business Wire
 (Thu, Aug 2)

GENESIS BIOVENTURES INC Files SEC form 8-K, Change in Directors or Principal Officers
EDGAR Online
 (Wed, Jul 11)

Genesis Bioventures Announces Letter of Intent for Sales and Distribution of
Mad Cow Test Product in China

Business Wire  (Tues July 03, 2007 9:35am ET)

GENESIS BIOVENTURES INC Financials
EDGAR Online Financials  (Tues June 26, 20079:04am ET)

Genesis Bioventures Announces Change in Board of Directors
Business Wire  (Wed June 20, 2007 6:38 pm ET)

Genesis Bioventures Announces Change in Board of Directors
Business Wire  (Wed June 20, 2007 5:53 pm ET)

Genesis Bioventures Announces Breast Cancer Marker Granted European Diagnostic and Therapeutic Patent Approval
Business Wire
 (Tues June 19, 2007 1:31 pm ET)

GENESIS BIOVENTURES INC Files SEC form 8-K, Changes in Registrant's Certifying Accountant
EDGAR Online
 (Wed June 13, 2007 7:00am ET)

GENESIS BIOVENTURES INC Files SEC form 10QSB, Quarterly Report
EDGAR Online
 (Mon May 21, 200711:11am ET)

GENESIS BIOVENTURES INC Files SEC form 10QSB/A, Quarterly Report
EDGAR Online Financials
 (Thurs, May, 17 2007 6:02 am ET)

Genesis Bioventures Announces Breast Cancer Marker Receives Additional US Patent Protection
Business
Wire  (Thurs, May 9, 2007 1:31 pm ET)

Genesis Bioventures Announced Changes in Its Board of Directors Today
Business
Wire  (Thurs, May 5, 2007 4:36pm)

GENESIS BIOVENTURES INC Financials
EDGAR Online Financials
 (Fri, Apr 27 2007 9:01am ET)

Genesis Bioventures, Inc. Announced Today That the Company is Participating in the 2007 International Capital and China Industrial Development Forum in Bejing, China
Business
Wire  (Tues, Apr 24 2007 7:00am ET)

executive summary

Genesis Bioventures, Inc. (“GBI”)is an early commercial stage biomedical company that is organized to manage and commercialize diagnostic product opportunities in its portfolio companies. The Company’s lead product is a novel Breast Cancer Risk Assessment Diagnostic Test developed from patented Mammastatin technology, a powerful breast cancer growth inhibitor that demonstrated 98% negative predictive value in clinical studies. The Mammastatin Serum Assay (“MSA”) is offered through the GBIW’s subsidiary, Biomedical Diagnostics (BDx). The Company’s second commercial stage product opportunity is a patented, rapid on-site diagnostic test for Mad Cow Disease, offered through GBIW’s subsidiary investment in Prion Developmental Laboratories (PDL).

Genesis Bioventures recently obtained the exclusive worldwide option to develop therapeutic products from the patented Mammastatin technology. An early protein therapeutic form of mammastatin previously demonstrated significant remission in several Stage IV refractory breast cancer patients who were treated with the mammastatin therapeutic over a four year period under a Compassionate Use protocol approved by Health Canada . The Company sees unique commercial synergy with its MSA diagnostic and intends to pursue therapeutic product development through corporate partnering.


Executive and Financial Management
Business Development
Financing and Liquidity


Breast Cancer Risk Assessment Diagnostic
Mammastatin Serum Assay


Food Safety Rapid Diagnostic Tests
Mad Cow Disease Rapid Diagnostic Tests

corporate background

GBI is a Turn Around Company:
GBI was first incorporated in 1994. The Company held a market capitalization in excess of $700 million five years ago. Through a series management related difficulties the company lost market favor. Prior management was unable to reverse the operating losses and the company failed. In September 2005 the Company retained Experigen
Management Company (“Experigen”) to plan Genesis Bioventures’ restructuring, reorganization and turn around. Experigen’s founder, Mr. Douglas C. Lane, became Genesis Bioventures’ interim Chief Executive Officer and President in April 2006 to execute the turn around. Mr. Lane’s business background in biotechnology, drug discovery, diagnostics, and clinical laboratory operations gave the Company industry specific commercial and development experience. Since implementing the turn around plan in April the Company has recruited an experience team of managers, advisors and
directors, and the Company has hit all of its development milestones. GBI is now prepared to launch both commercial stage products in Q1 2007.

BIOMEDICAL DIAGNOSTICS

BREAST CANCER

Biomedical Diagnostics and the Mammastatin Serum Assay:
Discovery of Mammastatin: Breast Cancer Therapeutic and Diagnostic Confirmation
Research scientists at the Michigan Cancer Foundation discovered a breast tissue specific secreted growth inhibitor protein, mammastatin, produced from normal human mammary epithelial cells (Science, 30 June 1989, Volume 244, pp. 1585-1587, attached). On further study, the mammastatin protein demonstrated growth inhibition of breast cancer cells. The biological activity of mammastatin was confirmed by a monoclonal antibody immunoassay developed specifically to detect and inactivate the mammastatin protein. The findings led the researchers to conclude this newly discovered protein might
be developed to inhibit the growth of human breast cancer.

Independent clinical research conducted on the mammastatin therapeutic protein through in-vivo Compassionate Use on 29 women in Stage IV refractory breast cancer showed over 50% positive response and over 70% response with only bone metastasis. Dr. John D. Todd, B.Sc., M.D., FRCSC, Chairman of Genesis Bioventures’ Clinical Advisory Board, collaborated with researchers and treated seven palliative women dying of breast cancer with the early mammastatin protein as a therapeutic over a four year period under a Compassionate Use protocol approved by Health Canada. He found a significant remission demonstrated in several patients.

Mammastatin Serum Assay: Commercial Development
Biomedical Diagnostics, LLC perfected the original monoclonal antibody immunoassay used in the discovery of mammastatin and developed the Mammastatin Serum Assay for commercial use as robust clinical laboratory breast cancer risk assessment test. Biomedical Diagnostics will offer the MSA breast cancer risk assessment test through its CLIA Level III certified clinical reference laboratory under the Clinical Laboratory Improvement Amendments Act (“CLIA”), as administered by the United States Healthcare Financing Administration within the United States Department of Health and Human Services.

The Company intends to expand the initial MSA test to national distribution by transferring the assay to a national clinical laboratory partner prior to FDA approval. Genesis Bioventures intends to develop the MSA test to be approved by the FDA, a department of the United States Department of Health and Human Services. Upon FDA approval of the assay, Genesis Bioventures expects to license the MSA to one or more national and international clinical reference laboratories. The final stage of commercial development is expected to be development of an FDA approved test kit through licensing and joint
ventures with one or more qualified diagnostics partners.

Worldwide Market Opportunity:
The American Cancer Society’s 2005 Cancer Facts & Figures revealed breast cancer is the second most common cancer among women and accounts for nearly one of every three cancers diagnosed in American women. In 2005, the American Cancer Society estimates there were 211,240 new cases of invasive breast cancer and 40,410 deaths from the disease. It has been estimated that 1 in 7 women living in the U.S. will be diagnosed with breast cancer in their lifetime, regardless of their family history or other known risk factors. Currently, mammography and breast self-examination are the only tools used to detect a breast mass/lump. If a suspicious breast mass is detected, it is biopsied to rule out or confirm a diagnosis of breast cancer. Currently, only self examination and mammography are the only means of early detection, and biopsy the only means of diagnosis.

The MSA is an in vitro diagnostics (“IVD”) test. U.S. demand for IVD products is projected to grow over six percent annually to $17.9 billion in 2009 (Freedonia Group, Inc., Abstract from In Vitro Diagnostics to 2009.). The $3.8 billion target market for the Mammastatin Serum Assay in the US ($11.8 billion globally) is the 56% of women over 40 who get annual mammograms (38 million) and who could benefit from MSA testing. The addressable market is estimated to be twice the global PSA screening market of $500,000 million in 2005, $1.0 billion annually.

Technology Overview – 98% Negative Predictive Value:
Clinical Studies were performed by i3 Statprobe, an international contract research organization, on 594 women to determine the predictive value of the Mammastatin Serum Assay. Results of the studies showed that the MSA test demonstrated a 98% negative predictive value for breast cancer. In the studies 98% of women who tested high for serum mammastatin (normal state) had no incidence of breast cancer or breast disease. Conversely, 74% of women in the study who had been diagnosed with breast cancer or who had been treated for breast cancer had no detectable levels of mammastatin or tested very low for the mammastatin protein. Overall accuracy of the MSA test was 85%. The statistical results are more compelling when compared with PSA screening statistics for prostate cancer.

Breast Cancer Background
Cancer is a group of diseases that cause cells in the body to change and grow out of control. A group of rapidly dividing cells may form a lump or mass of extra tissue called a tumor. Tumors can either be malignant (cancerous) or benign (non-cancerous). Malignant tumors penetrate and destroy healthy body tissues and can break away spreading through the body to grow in other areas. This process is called metastasis. Usually, cancer is named after the body part in which it originated; thus, breast cancer refers to the erratic growth and spreading of cells that originate in the breast tissue.

Types of Breast Cancer
The breast is composed of two main types of tissues: glandular tissues and stromal (supporting) tissues. Glandular tissues house the lobules (milk-producing glands) and the ducts (the milk passages) while stromal tissues include fatty and fibrous connective tissues of the breast. The breast is also made up of lymphatic tissue, which is immune system tissue that removes cellular fluids and waste.

There are several types of tumors that may develop within different areas of the breast. Most are benign, such as fibrocystic changes which may feel lumpy and can cause breast swelling and pain but do not spread and are not life threatening. Malignant tumors are usually hard, painless lumps with irregular edges but some rare cancers are tender, soft and rounded. The most common types of breast cancer are listed below:

Lobular carcinoma in situ (LCIS, lobular neoplasia) is a sharp increase in the number of cells within the lobules of the breast. The term, "in situ," refers to cancer that has not spread past the area where it initially developed. Many physicians do not classify LCIS as breast cancer, but it does increase a woman's risk of developing cancer later in life. Ductal carcinoma in situ (DCIS) is breast cancer at the earliest stage and is confined to the ducts with almost 100% chance of being cured. Infiltrating (invasive) ductal carcinoma (IDC) starts in a duct and penetrates the wall of the duct, invading the fatty tissue of the breast and possibly other regions of the body. IDC is the most common type of breast cancer accounting for nearly 80% of cases. Infiltrating (invasive) lobular carcinoma (ILC) begins in the lobules of the breast but often spreads to other regions of the body. ILC accounts for 10% to 15% of breast cancers.

Risk Factors
The exact cause of breast cancer is not known, however, there are certain risk factors linked to the disease. Some are due to genetic mutations such as HER2, BRCA1 or BRCA2 genes, which may be inherited or acquired. Only about 10% of breast cancers are caused by this but 50%-60% of women with these inherited gene mutations will develop breast cancer by the age of 70. Women with close blood relatives having the disease are also at greater risk and having a mother, sister or daughter with breast cancer almost doubles the risk. The chance of developing breast cancer increases as a woman gets older and there is a slight increased risk if menstruation started before the age of 12 or menopause began after the age of 50.

Women who have had their first child after they were 30 years old or who have not had children are also slightly more at risk.

There are other risk factors that can be controlled. Most studies suggest that long-term use of hormone replacement therapy (HRT) for menopause symptoms can increase the risk of breast cancer slightly. There is a clear link between the use of alcohol and breast cancer with studies showing that consumption of 2 to 5 alcoholic drinks per day increases the risk one and a half times. There are conflicting studies regarding diet and exercise in relation to breast cancer as well as whether or not breast-feeding has an impact on risk and more research is being done in these areas. Being at risk does not indicate breast cancer and some women with one or more risk factors never develop the disease, while most women who have developed breast cancer did not appear to have any risk factors.

Symptoms and Diagnosis
The most common symptom of breast cancer is an abnormal lump or swelling in the breast. It is usually painless and hard with irregular borders and may also appear beside the breast or under the arm. Other symptoms may include unexplained breast pain, a change in the size or shape of the breast, abnormal nipple discharge, change in appearance or sensation of the nipple, changes in breast texture, or changes in the skin on or around the breast. Bone pain, weight loss, swelling of one arm and skin ulceration are symptoms of advanced disease.

Breast tumors may be first discovered by the patient as the result of a regular breast self-examination (BSE) or by a routine screening mammogram. Further testing such as a diagnostic mammogram may help identify the breast mass and an ultrasound can show whether the lump is solid or fluid-filled. A needle aspiration or needle biopsy of a lump can also demonstrate if it is fluid-filled and provide material to send to the laboratory for analysis. A surgical biopsy or breast lump removal provides a portion or all of a breast lump for laboratory study.

If breast cancer is diagnosed, additional testing is performed, including chest X-ray and blood tests. Surgery, radiation, chemotherapy, or a combination of these may then be recommended, not only for treatment but also to help determine the stage of disease which is very important to help guide future treatment and follow-up and to give some idea of what to expect in the future.

Breast Cancer Staging
There is more than one system used to determine how far the cancer has spread but the Tumor-Nodes-Metastases (TNM) staging system is considered to be the most precise. It separately assesses the tumor size (T), whether it has spread to the lymph nodes (N) and any further metastasizing (M). Each letter is followed by a number that further indicates the severity of the cancer.

Traditionally, a less complex system states stages from 0 to IV. The lower the number, the less the cancer has spread. For stage I, II or III cancers, the main considerations are to treat the cancer and to prevent any recurrences. Stage IV breast cancer cannot be cured in most cases and the goal is to improve symptoms and prolong survival.

Many additional factors besides staging can influence the recommended treatment and the likely outcome. The precise cell type and appearance of the cancer, whether the cancer cells respond to hormones, and the presence or absence of genes known to cause breast cancer are all factors to take into consideration.

Treatments and Side Effects
There are many different treatments and combination of treatments available. Surgery, radiation therapy, chemotherapy and hormone therapy are the most common treatments although some people choose less conventional alternative medicine.

Surgery is performed to remove as much of the cancer as possible, to see whether the cancer has spread, to relieve advanced symptoms or to reconstruct the appearance of the breast. Possible side effects may include changes in arm and shoulder mobility, swelling, numbness and infection. There has been a move away from very aggressive surgery in recent years. Until 20 years ago, there were very few options available and radical mastectomies were widely performed removing the entire breast and all the lymph nodes in the area. A biopsy was usually performed under general anesthesia and if cancer was found, the doctor went ahead with treatment such as a mastectomy while the patient was still asleep. Some women today with a high risk of breast cancer opt for surgical removal of both breasts before any signs of symptoms appear even though there is no way to tell if they will actually develop the disease and there is no guarantee that cancer will not develop anyway in the tissue left behind.

Radiation therapy shrinks or kills cancer cells with high energy rays such as x-rays and can be directed at the tumor, the breast, the chest wall, or other tissues known or suspected to have remaining cancer cells. Some side effects of radiation therapy are swelling or thickening of the breast, vomiting, diarrhea, fatigue and skin irritations resembling sunburn.

Chemotherapy is the use of drugs taken by mouth or intravenously to kill cancer cells. It is administered in cycles, with each period of treatment followed by a recovery period. The total course can last from three to six months and is often more effective using several drugs. Side effects of chemotherapy include hair loss, immune suppression, mouth sores, nausea and fatigue.

In addition to killing cancer cells, very high doses of chemotherapy or radiation will kill blood-producing stem cells in the bone marrow as well. Bone marrow transplantation (BMT) is a very painful procedure that can cause serious side effects. Studies have shown that women who received the high dose therapy did not live longer than women who received standard dose chemotherapy and research is still going on to validate this controversial procedure.

Hormone therapy with hormonal drugs such as Tamoxifen and Raloxifene blocks the effect of estrogen to stimulate tumor growth in some women. Megace blocks the action of progesterone by partially mimicking the hormone and Herceptin is a manufactured antibody that binds to growth factor receptors on the surface of cancer cells to stop them from spreading.

Alternative and complementary treatments for cancer, such as acupuncture, herbs, vitamins and diet are becoming increasingly popular. However, although some can safely be used along with standard medical treatment, others can interfere and cause serious side effects. Alternative or non-traditional therapies are becoming more acceptable as scientific evidence supports their value but they should be used in conjunction with conventional therapy under guidance of a physician.

Early Detection
Early detection greatly improves the odds of survival. When diagnosed early, breast cancer has a very high five-year survival rate, and patients who reach this stage often go on to live long, healthy lives. Survival rates are lower for cancers that have spread locally, and they are very low for cancers that have metastasized to other parts of the body.

Breast cancer is the second leading cause of cancer-related deaths among women age 35 to 54. An estimated one in eight women are expected to develop breast cancer in their lifetime. Breast cancer rates in the United States are among the highest in the world. The United States alone currently has 3 million breast cancer patients and survivors. Each year, an additional 186,000 women are diagnosed with breast cancer and another 46,000 women die. The mortality rate from breast cancer has decreased however in recent years due to an increased emphasis on early detection and more effective treatments.

At this time, breast cancer cannot be completely prevented, but the risk of developing advanced disease can be greatly reduced by early detection. Medical societies recommend a monthly BSE for all women over the age of 20, a breast exam by a health care professional every three years for women 20-39 years old, and a yearly mammogram for all women 40 and older. Even though a mammogram is considered a very useful screening tool, it is estimated that a tumor has been developing for eight to ten years by the time it is visible on an x-ray. There is an urgent need for a diagnostic test that will determine the presence of cancer at a much earlier stage.

Ongoing Research
Worldwide research projects and clinical trials are underway as part of the global effort to understand more about the earlier diagnosis and treatment of breast cancer. Studies are attempting to identify possible environmental causes of breast cancer as well as to understand the physical, social and emotional issues confronting breast cancer survivors. New drugs used alone or in combination with other agents are being tested for their effects on preventing or treating breast cancer. Laser techniques that do not leave noticeable scarring are being tested as an alternative to conventional surgery. Mammography research is focused on both trying to lower radiation dosages as well as using new digital technology to improve tumor resolution. Alternate imaging technologies such as magnetic resonance imaging (MRI) and breast specific positron emission tomography (PET) continue to attempt to enhance the detection of smaller and smaller tumor masses. A possible vaccine is being tested and many biotech companies are intensely involved in trying to identify specific proteins which are uniquely released into a woman's blood stream, urine or nipple fluid by cancer cells as they grow. It is hoped that the ability to detect these protein markers with increasingly better sensitivity would allow physicians to find alternate techniques to diagnose breast cancer other than via imaging modalities used today. Finally, recent attempts to push the process of earlier detection of breast cancer even further have now focused on developing a biological blood test to assess a woman's risk for breast cancer. Such a biological test has never before been available and would herald a remarkable new approach to breast cancer. Ultimately, such a test should provide the opportunity to significantly improve the survival rate for breast cancer patients by greatly facilitating the early awareness ofwomen at risk for breast cancer.

prion developmental laboratories inc

PRION DISEASES

Prion diseases are a category of degenerative disorders of the central nervous system that occur both in animals and humans. It is widely believed that these diseases are caused by an infectious agent composed primarily, if not solely, of protein. Prion diseases are invariably fatal. They are called spongiform encephalopathies, since the brain of the affected animal or person usually becomes riddled with spongy holes.

PDL developed a rapid, simple to use, inexpensive post-mortem diagnostic test for commercialization that detects and diagnoses Bovine Spongiform Encephalopathy (Mad Cow Disease) in cattle. The BSE Rapid Assay is designed for use at the point of harvest enabling immediate detection of BSE infected product. The BSE Rapid Assay produces results at the producer’s site in less than an hour, allowing producers to know if the animal is infected with BSE before it is processed. Founded in 1999, PDL is a privately held company incorporated in Delaware, 44% owned by GBI. GBI recently announced a Letter of Intent to acquire the remaining assets of PDL not owned by GBI.

Products:

PDL’s leading product is the patented, commercial BSE Rapid Assay (Mad Cow
Disease Test) for food safety. The BSE Rapid Assay has two compelling niche attributes:

1. The speed, cost and simplicity of the test eliminates the economic disincentive
that has prevented US producers from testing all cattle for the disease prior to human
consumption.
2. Results from the test indicating no BSE infection creates an economic incentive for producers to voluntarily support testing of all cattle as wholesalers and retailers claim beef certified “BSE Free” would command 15% to 35% premium pricing, for an added cost of about a penny a pound.

PDL’s BSE Rapid Assay has completed scientific and technical development and is in final commercial development for global commercialization. The assay has been scientifically validated on live BSE infected specimens that it detects the infectious form of prions causing Bovine Spongiform Encephalopathy (BSE) in cattle with 100% sensitivity (no false negative results) and 100% specificity (no false positive results). These results are the highest results that can be obtained by any BSE test and are the results that are required for regulatory approval to sell the product in all major markets in the world. The PDL TSE Rapid Assays are single use in vitro immunoassays for the detection of protease resistant prion protein in brain tissue. The tests are intended for use by properly trained personnel as a rapid screening method. The PDL TSE Rapid Assays may be used in government supervised reference laboratories. The tests do not specify a specific strain of prion disease present.

PDL developed two other patented commercial TSE Rapid Assays for food safety in addition to the BSE Rapid Assay to address this growing problem: Sheep Scrapie Rapid Assay for detecting sheep and lamb infected with prions; and CWD Rapid Assay for diagnosing Chronic Wasting Disease in North American domestic big game populations (Elk and Deer). The CWD assay was previously approved by the United States Department of Agriculture (USDA) for use in the United States.

Commercial Development:
PDL anticipates resubmitting the BSE Rapid Assays to the USDA following contract manufacture of product for approval of the new manufacturer in the fourth quarter 2006 and to initiate product sales in 2007.

Worldwide Market Opportunity:
The annual worldwide market potential for PDL’s BSE Rapid Assay is very large, 248 million tests per year (USDA 2006 Published Global Statistics), $5 billion per year, if all cattle are tested for BSE before distributed for human consumption. The current worldwide market is 12 million tests per year (Company Internal Analysis), $240 million per year. Genesis Bioventures expects the worldwide market to increase over the next few years as those nations that have restricted testing all cattle for human consumption are expected to adopt expanded testing standards.

PDL, through Genesis Bioventures’ exclusive worldwide distribution and sales agreement, is addressing the global market opportunity by Genesis Bioventures implementing a partnering strategy with six territory partners in the United States, Canada, the European Union, the Pacific Rim, South America (including Mexico and Central America), the rest of the World (including Russia and non-EU European countries) with qualified territory sales agents and distributors to facilitate country-by-country territory wide sales efforts and regulatory approvals. The first of these agreements was executed in May 2006 with Bio Business Development Company of Vancouver, Canada for the Pacific Rim with initial sales focus on Australia, New Zealand, South Korea and Japan. Technology Overview: A Simple, Hand Held Point-of-Use Diagnostic Device Prion diseases are a family of fatal neurodegenerative diseases that are caused by a prion, an “infectious proteinaceous particle”, or prions. Humans contract the fatal variant Creutzfeldt-Jakob Disease (“nvCJD”) through eating infected beef. BSE is difficult to diagnose and the only diagnostic tests currently available are based on analysis of postmortem brain samples from cattle, a procedure that is relatively slow and expensive. As a result, tests can only be conducted on cattle suspected of being infected or on a random sample basis.

The methodology PDL developed is a simple hand held device, identical in form to a home pregnancy test strip. PDL’s BSE Rapid Assay detects PrPsc, the pathogenic form of the normal prion protein PrPC.


Product Manufacturing:
PDL recently executed an agreement to outsource manufacturing to ensure unlimited supplies of product produced by a leading, experienced biomedical diagnostics contract manufacturing company in Seattle, InBios, Inc. Through this arrangement manufacturing may be transferred to site-specific locations in other key markets in the world. Under the
agreement, PDL will transfer the manufacturing technology to InBios and will provide initial product for Customer Evaluations, Regulatory Approvals, and Customer Sales.

Intellectual Property:
PDL received the United States Patent for its Rapid Prion-Detection Assay. Patent Number 7.045.297 was issued and assigned to PDL on May 16, 2006. In addition to the patent the technology is protected by certain trade secrets, know-how and licenses.

Competition:
Several research laboratory methods are available for TSE diagnostics (Bioassays; Cell Culture Infection; Electron Microscopy; Histopathology; Immunohistochemistry; Immunoblotting – Western Blot, ELISA). These research tests are complicated to perform, expensive, have long turn around times for positive and negative results and require trained scientists or technicians to perform the tests. Within the US the United States Department of Agriculture (USDA) regulates diagnostic prion testing (see chart). Currently available commercial tests require trained laboratory scientists or technicians to perform the tests. Most critically, these laboratory-only tests long turn around times of 8 hours to several days.

Genesis Bioventures Announces Agreement to Manufacture
Mad Cow Disease Rapid Assay Test Kits



corporate profile


Mr. Douglas C. Lane - President, CEO & Chairman
Mr. Lane has extensive international business and management experience with academic and professional training in finance, life sciences and biotechnology. At SmithKline Beecham Corporation he performed Mergers and Acquisitions for SmithKline Beecham Clinical Laboratories (now Quest Diagnostics NYSE: DGX) and was a member of SBCL's biosensor development initiative to develop point-of-care diagnostic devices. He subsequently was appointed to a business development management position in SmithKline Beecham Pharmaceutical’s (now GlaxoSmithKline NYSE: GSK) Research and Development organization. In that position he managed the pharmaceutical company’s founding business initiatives in the emerging genomics industry, managed the company’s business interaction with The Institute for Genomic Research and Human Genome Sciences (NASDAQ: HGSI), and was SmithKline’s interim representative on the Human Genome Sciences’ Board of Directors.

After SmithKline Beecham he was Vice President of Corporate Development at Hyseq Corporation (now Nuvelo, Inc. NASDAQ: NUVO) where he was instrumental in achieving that company’s successful public offering. He joined Michael Milken’s CaP CURE organization (now Prostate Cancer Foundation) where he managed multiple academic, non-profit and corporate prostate cancer focused collaborations for therapeutic target and diagnostic marker discovery. Most recently, Mr. Lane was the Chairman, President and Chief Executive Officer of ViaLogy Corp., a NASA/Caltech Jet Propulsion Laboratory spinout in Pasadena, California founded by ViaSpace (OTC: VSPC.OB).

He has lectured university business and MBA graduate students in entrepreneurship and is a frequent public speaker; having won awards from noted venture capital investment professionals and trade industry investment companies. Mr. Lane has undergraduate degrees in Psychology, Microbiology and Biochemistry, and an MBA in Finance. He is a graduate of the University of Southern California in Los Angeles where he attained national and international recognition as a national collegiate champion in track and field, twice National Collegiate All American, and participant in the United States Olympic trials. He is an elected member of the University’s all- university honorary society. Mr. Lane is a member of the Tech Coast Angeles, a Southern California venture capital organization.

Mr. Mark A. Franzen - Treasurer, & Chief Financial Officer
Mr. Franzen serves as Genesis Bioventures’ Chief Financial Officer and Treasurer. Most recently, Mr. Franzen assisted American Mold Guard in its Initial Public Offering in May 2006; assisted in a $10 million financing for a software company; completed a registration statement for an oil production company; and, assisted numerous companies with their SEC filings. Mr. Franzen served as the Chief Financial Officer of MTI Technology where he restructured the company that, within three quarters, achieved positive cash flow, profitability, and the 36th largest stock price increase of 3,800 micro-cap companies. Mr. Franzen has been the Chief Financial Officer of several venture-backed companies including Y Media, Evolve Products, Storage Concepts, Calios, UniStructure, Digital Sound and Computers International during which time he managed equity infusions in excess of $100 million and established bank and capital lease lines in excess of $80 million. Mr. Franzen was the Chief Financial Officer of Level One Communications, where he managed and completed a $45 million Initial Public Offering in August 1993. From 1980 to 1983 Mr. Franzen was Executive Vice President of Finance of Micro Peripherals where he managed equity infusions of $24 million and negotiated the $95 million sale of the company. From 1967 to 1975 Mr. Franzen was a senior audit manager of Price Waterhouse. Mark received a B.S degree in Business Administration with an Accounting major in 1967 from California State University at Northridge. He subsequently obtained his certification as a Certified Public Accountant.

board members

Douglas C. Lane, President/CEO/Chairman/Director
Mr. Lane has extensive international business and management experience with academic and professional training in finance, life sciences and biotechnology. At SmithKline Beecham Corporation he performed Mergers and Acquisitions for SmithKline Beecham Clinical Laboratories (now Quest Diagnostics NYSE: DGX) and was a member of SBCL's biosensor development initiative to develop point-of-care diagnostic devices. He subsequently was appointed to a business development management position in SmithKline Beecham Pharmaceutical’s (now GlaxoSmithKline NYSE: GSK) Research and Development organization. In that position he managed the pharmaceutical company’s founding business initiatives in the emerging genomics industry, managed the company’s business interaction with The Institute for Genomic Research and Human Genome Sciences (NASDAQ: HGSI), and was SmithKline’s interim representative on the Human Genome Sciences’ Board of Directors.

After SmithKline Beecham he was Vice President of Corporate Development at Hyseq Corporation (now Nuvelo, Inc. NASDAQ: NUVO) where he was instrumental in achieving that company’s successful public offering. He joined Michael Milken’s CaP CURE organization (now Prostate Cancer Foundation) where he managed multiple academic, non-profit and corporate prostate cancer focused collaborations for therapeutic target and diagnostic marker discovery. Most recently, Mr. Lane was the Chairman, President and Chief Executive Officer of ViaLogy Corp., a NASA/Caltech Jet Propulsion Laboratory spinout in Pasadena, California founded by ViaSpace (OTC: VSPC.OB).

He has lectured university business and MBA graduate students in entrepreneurship and is a frequent public speaker; having won awards from noted venture capital investment professionals and trade industry investment companies. Mr. Lane has undergraduate degrees in Psychology, Microbiology and Biochemistry, and an MBA in Finance. He is a graduate of the University of Southern California in Los Angeles where he attained national and international recognition as a national collegiate champion in track and field, twice National Collegiate All American, and participant in the United States Olympic trials. He is an elected member of the University’s all- university honorary society. Mr. Lane is a member of the Tech Coast Angeles, a Southern California venture capital organization.

Mark A. Franzen, Treasurer and CFO

Mr. Franzen serves as Genesis Bioventures’ Chief Financial Officer and Treasurer. Most recently, Mr. Franzen assisted American Mold Guard in its Initial Public Offering in May 2006; assisted in a $10 million financing for a software company; completed a registration statement for an oil production company; and, assisted numerous companies with their SEC filings. Mr. Franzen served as the Chief Financial Officer of MTI Technology where he restructured the company that, within three quarters, achieved positive cash flow, profitability, and the 36th largest stock price increase of 3,800 micro-cap companies. Mr. Franzen has been the Chief Financial Officer of several venture-backed companies including Y Media, Evolve Products, Storage Concepts, Calios, UniStructure, Digital Sound and Computers International during which time he managed equity infusions in excess of $100 million and established bank and capital lease lines in excess of $80 million. Mr. Franzen was the Chief Financial Officer of Level One Communications, where he managed and completed a $45 million Initial Public Offering in August 1993. From 1980 to 1983 Mr. Franzen was Executive Vice President of Finance of Micro Peripherals where he managed equity infusions of $24 million and negotiated the $95 million sale of the company. From 1967 to 1975 Mr. Franzen was a senior audit manager of Price Waterhouse. Mark received a B.S degree in Business Administration with an Accounting major in 1967 from California State University at Northridge. He subsequently obtained his certification as a Certified Public Accountant.

Dr. Ian B. Woods, M.D., PH.D., Director

Dr. Woods is a Director of the company. He is the senior founding partner of the Burke Mountain Medical Centre in Port Coquitlam, British Columbia, where he has conducted a general medical practice since 1977. Over the last 10 years, he has provided medical and scientific consulting services to a number of public and private companies in the medical sector. He has also served for over 20 years at various times on the Medical Advisory, Pediatric Advisor, and Medical Manpower Committees at the Royal Columbian Hospital in British Columbia, Canada. He received his Ph.D. in Physics and his M.D. from the University of British Columbia.

Antony S. Dyakowski, Director
Mr. Dyakowski is a Director of the Company and has been actively involved with Genesis Bioventures since its inception.  He has over 35 years of experience in raising corporate and venture capital, corporate management, and many other phases of business concerning equity markets.  In the past he has secured well over $25,000,000 in venture and corporate capital for various projects ranging from oil and gas to medical equipment and biomedical research and development.  Mr. Dyakowski received his BA in Geography/Geology from the University of British Columbia.

Jonathan F. Atzen, Director and Secretary
Mr. Atzen has over 15 years of general corporate and securities practice serving as in-house and outside general counsel to publicly-traded and private technology companies in such industries as life sciences, semiconductors, software, and energy technologies. Mr. Atzen’s legal experience also includes Securities and Exchange Commission ’34 Act compliance and reporting, advice and counseling to board of directors and committees of the board, and licensing and intellectual property portfolio management. He is currently Senior Vice President and General Counsel of Advanced Cell Technology, Inc. He was formerly an attorney with the firm Heller Ehrman/Venture Law Group and the firm Morrison & Foerster. Mr. Atzen received his Juris Doctor degree from Loyola Law School and is active with the California Bar Association. He received dual degrees in Economics and Political Science from the University of California, Santa Barbara.
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biotech portfolio


COMPANY OVERVIEW
Biomedical Diagnostics (Biomedical) is a Limited Liability Company, 100% owned by Genesis Bioventures, that is developing proprietary cancer screening products. The initial product development effort is the commercialization of the Mammastatin Serum Assay (MSA) as a risk screening diagnostic for breast cancer. The MSA was introduced into the market on June 1, 2001 and is available through Biomedical’s laboratory.

Biomedical Diagnostics developed the Mammastatin Serum Assay (“MSA”) as a simple blood test for breast cancer risk assessment. Mammastatin is a tissue-specific growth-inhibitory protein that was discovered to destroy breast cancer cells (Science: 30 June 1989, Volume 244, pp. 1585-1587). In clinical studies the Mammastatin Serum Assay demonstrated 98% of women in those studies who had never been diagnosed with breast cancer had normal or elevated levels of the mammastatin protein: a 98% Negative Predictive Value. Conversely, 71% of women in those studies who had been treated for breast cancer or who had been diagnosed with breast cancer had no, or abnormally low, detectable levels of mammastatin (IVD Technology, March 2003). The Company estimates there are over 82 million women in the United States alone who could potentially benefit from having an MSA test done as part of their annual medical check-up. The Mammastatin Serum Assay will initially be offered to the public as a research test through the Biomedical’s CLIA Level III Certified laboratory.

Mammastatin is a protein that has been found in studies to be present in the blood of most healthy women and absent, or in low levels, in the blood of most breast cancer patients or women known to be at high risk for developing breast cancer. Research shows that the concentration of Mammastatin not only drops significantly in women with breast cancer but also in women at high risk for breast cancer. Research has also shown that measuring the level of mammastatin in serum samples may be a useful breast health assessment tool, particularly as it relates to risk of developing breast cancer.

The MSA is a blood test that measures mammastatin levels in serum samples using monoclonal antibody technology. Data from two clinical studies using the MSA test on blood samples from over 550 women indicate that there is a consistent difference in mammastatin levels between healthy women and breast cancer patients. To date, there has not been a blood test that is capable of assessing risk for breast cancer prior to development of this disease, although there are some protein “markers” that are used to monitor treatment or to suggest that cancer might already be present. The potential of the MSA test is to provide a simple blood test that could be capable of offering earlier awareness of the risk of breast cancer so that appropriate monitoring or preventive therapy can be implemented.

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COMPANY OVERVIEW
Prion Developmental Laboratories Inc., is a privately held biotechnology company specializing in the development of rapid and inexpensive diagnostics to detect Transmissible Spongiform Encephalopathies (TSE's) such as Mad Cow Disease in cattle and Chronic Wasting Disease in deer and elk.

Prion Developmental Laboratories Inc . developed the patented Rapid BSE Detection Assay as a fast and inexpensive diagnostic test technology to detect Mad Cow Disease and other prion-caused diseases. The speed, cost and simplicity of the test eliminates the economic disincentive of testing all animals for human food consumption faced by large beef processors and creates a strong economic incentive of testing all animals as food safety conscious consumers may be willing to pay 15% to 35% premium for “BSE Free” beef, a substantial margins for wholesalers and retailers. GBI holds the exclusive worldwide distribution rights to all PDL Rapid Assays including the Mad Cow Disease test. 248 million cattle are harvested world-wide for human food consumption, 90 million in the US market. The Rapid BSE Assay addresses a substantial food safety concern for consumers worldwide.

PDL has received United States Department of Agriculture approval for its Chronic Wasting Disease (CWD) strip test. CWD is similar to Mad Cow Disease but affects deer and elk. The risk of transmission to humans and agriculturally important livestock animals such as cattle is unknown at this time but is cause for serious concern. The simple, inexpensive test would be practical for use at field testing stations as well as in laboratories.

The US Patent and Trademark Office recently issued a first action notice to PDL for proprietary buffer formulations allowing four separate claims regarding the strip test. This will aid in protecting PDL's position as the first 'truly rapid, hand-held' test, taking less than one hour, for point of use testing of prion diseases. 

Prion diseases are a family of fatal neurodegenerative diseases that are caused by a prion, an "infectious proteinaceous particle". Prion diseases have become a major health concern since the outbreak of Bovine Spongiform Encephalopathy (BSE) or "Mad Cow Disease." BSE was first discovered in the United Kingdom but has now spread around the world. BSE is believed to be transmitted among cattle through feed that contains protein rendered from infected cattle and it is thought to be transmitted to humans through eating beef or beef products from infected cattle. In humans, the prion infection results in a neurological disorder known as new variant Creutzfeldt-Jakob Disease (nvCJD). Both Mad Cow Disease and nvCJD cause the brain to become spongy and are always fatal.

Very little is known about Prion diseases. They are difficult to diagnose and the only diagnostic tests currently available for BSE are based on laboratory analysis of post-mortem brain samples from cattle, a procedure that is relatively slow and expensive. As a result, tests in the US are usually only conducted on cattle suspected of being infected or those in a high risk group.

The PDL rapid strip test for detecting TSE's is similar to a home pregnancy test, which would be used on-site using brain tissue taking less than an hour to complete with accurate, easily interpreted results. Currently, there are no simple tests available to detect prion diseases. There is an urgent need for a more rapid and sensitive diagnostic test that would be feasible to use on every animal at the slaughterhouse to ensure that no BSE infected cattle enter the food chain at any level. These prion tests are designed to detect TSE's before symptoms appear in animals, with the objective of ensuring that infected meat or by-products are not consumed by anyone or anything.

The main international markets for PDL prion diagnostic tests are the cattle industry and ultimately the human blood products industry. The financial losses as a result of the BSE outbreak in the United Kingdom were estimated to be in excess of $2.5 billion in 1998. Mad Cow Disease has now become a major concern in North America after the discovery of three infected cows in Canada and one in the United States last year. The impact of these findings is costing the North American cattle industry millions of dollars daily due to the ban imposed by dozens of countries on the importation of North American beef. The ultimate size of the world market for a post-mortem test is nearly 120 million head of cattle per year.

PDL scientists have been working with researchers at the Central Veterinary Laboratory, Weybridge in the UK to present the PDL BSE strip test for examination. "Weybridge" as it is known worldwide, first opened in 1917 and is well respected for its veterinary research. The laboratory has conducted extensive research on BSE and instituted a program to specifically investigate the clinical signs, diagnostic methods, pathology, pathogenesis and epidemiology of BSE and the transmission characteristics of the BSE agent in farm animals. Further field testing of the PDL test is expected to be conducted in early 2005.

Management Team
PDL has compiled a team of world-renowned scientists and experienced management personnel dedicated to the development of a diagnostic assay for prion diseases. The key personnel include:

  • Dr. Robert B. Petersen, Chief Executive Officer
  • Dr. Richard Rubenstein, The Institute for Basic Research
  • Dr. Richard J. Kascsak, The Institute for Basic Research

Among the research scientists on the product development team are:

  • Dr. Man-Sun Sy, Director, Case Western Reserve University
  • Dr. Pierluigi Gambetti, Case Western Reserve University

CORPORATE STRUCTURE
Founded in 1999, PDL is a privately held company incorporated in Maryland , with head offices and a manufacturing facility located in Buffalo Grove , Illinois . Pursuant to an Investment Agreement dated September 8, 2000 with PDL, the Company invested a total of $2.0 million in PDL which provided Genesis Bioventures with a 25% equity ownership in this company. On August 22, 2001, Genesis Bioventures exercised a right of first refusal to invest additional funds in PDL, through a warrant to purchase an additional one million shares of PDL common stock for $400,000, increasing Genesis Bioventures' equity interest in PDL to 33%.

GBI has signed exclusive worldwide sales, marketing and distribution agreements with Prion Developmental Laboratories Inc. (PDL) to commercialize the recently patented Rapid Prion-Detection Assay tests developed by PDL.

Prion Developmental Laboratories, Inc.
900 Asbury Drive
Buffalo Grove, Illinois
USA 60089
Website: www.prionlabs.com

investor relations


Corporate Office:
The Tower
10940 Wilshire Blvd., Suite 600
Los Angeles, CA 90024
Primary Contact:
Investor Relations
Tele: (310) 443-4102
Fax: (310) 443-4103
gbi@gnsbio.com
www.gnsbio.com

Corporate Name: Genesis Bioventures, Inc.
State of Incorporation:
New York
Date of Incorporation: September 19, 1994
Tax Identification Number: (EIN) 98-0225226
CUSIP Number: 371828-10-4
SEC File Number: 0-30252
Exchange: OTC Bulletin Board
Trading Symbol: GBIW

Stock Transfer Agent:
Olde Monmouth Stock Transfer Co., Inc.
200 Memorial Parkway, Suite 101
Atlantic Highlands, NJ
USA, 07718
Telephone: (732) 872-2727
Fax Number: (732) 872-2728
Auditors:
DeJoya Griffith & Company, LLC
2425 W. Horizon Ridge Parkway
Henderson, NV 89052
Telephone: (702) 563-1600
Fax Number: (702) 548-5476
Corporate Attorneys:
Richardson & Patel LLP
10900 Wilshire Blvd., Suite 500
Los Angeles, CA 90024-6525
Tel: 310-208-1182
Fax: 310-208-1154
Stoecklein Law Group
c/o Donald J. Stoecklein
402 W. Broadway
San Diego California 92101
Tel: 619-595-4882
Fax: 619-595-4883

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investor fact sheet & stock information

|MARKET DATA AS OF: 03/31/07 .| TARGET PRICE: $ 0.72 | RATING: SPECULATIVE BUY

GBIW is an excellent turnaround opportunity that has recently brought in a new CEO, Douglas Lane, who has the vision, knowledge, and experience to build a portfolio of successful biotech companies.

Mr. Lane’s near-term strategy is to increase value of existing diagnostic businesses which should reach breakeven in twelve to eighteen months.

GBIW’s Prion Development Laboratory has the first 30 minute rapid diagnostic test for BSE commonly known as mad cow disease.

GBIW’s BioMedical Diagnostics’ MSA test predicts the risk of developing breast cancer years before symptoms occur.

Long-term, Mr. Lane will build a portfolio of undervalued assets with validated core science and technology that canproduce revenue within 12 months and achieve EBITDA breakeven within 24 months.

company profile

Genesis Bioventures, Inc. (GBI), a New York Corporation, is a biomedical development corporation focused on facilitating the development and marketing of novel diagnostic products. The Company's immediate development efforts are focused on novel cancer and neurodegenerative discoveries.

Biomedical Diagnostics, LLC (Biomedical) is a Limited Liability Company, 100% owned by Genesis Bioventures, that is developing proprietary cancer screening products. The initial product development effort is the commercialization of the Mammastatin Serum Assay (MSA) as a risk screening diagnostic for breast cancer. The MSA is available through Biomedical's CLIA laboratory. Based on testing all women potentially at risk, there are over 108 million women per year in the United States alone who could potentially benefit from having an MSA test done as part of their annual medical check-up.

Prion Developmental Laboratories Inc . (PDL) - The Company also has an equity interest in Prion Developmental Laboratories, Inc. PDL is specializing in the development of rapid and inexpensive diagnostic tests to detect Transmissible Spongiform Encephalopathies such as Mad Cow Disease and Chronic Wasting Disease (CWD). PDL received United States Department of Agriculture approval for its CWD strip test for white tail deer in 2004.

According to a 2003 survey done every five years by the US Fish and Wildlife Service, 10.9 million people hunt big game such as deer and elk per year in the United States and according to estimates from the World Organization for Animal Health, over 145 million cows are slaughtered annually in 16 major beef producing countries.

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