Proteonomix Announces IRB Approval for its Clinical Trial of UMK-121

Proteonomix, Inc. has announced that the Company's clinical trial of UMK-121 has received IRB (Institutional Review Board) approval and is now ready for the recruitment of patients.

We thank the University of Miami once more for providing the IRB and their invaluable contribution to this study of the UMK-121 drug therapy on patients with End Stage Liver Disease.

To better understand what a clinical trial is and the expenses associated with clinical trials please visit the following links: Overview; Rising Cost of Clinical Trial; Example of a Liver Trial.

As previously announced, the Company entered into an Agreement to conduct the clinical trial with the University of Miami.

That Agreement required the University to pay expenses associated with the clinical study and The Company was required to assist financially with the clinical study which the Company has done.

Michael Cohen, President of the Company, stated: "The financing that was required to complete the Company's obligation with respect to the Trial was provided Friday, December 23, 2011. The Company will work together with the University and the principal investigators to initiate the clinical study. The approval of the IRB was required before the study could go forward. The investigators can now accept patients into the study."