MBI Med Biogene Inc

Med BioGene Inc. (TSX VENTURE:MBI) today announced that the petition (the
"Petition") filed by certain shareholders of MBI against the company in the
British Columbia Supreme Court will be heard by the Court on August 30, 2013.
After reviewing and responding to the affidavit evidence filed by the
petitioners with the Court, MBI continues to believe that the claims made in the
Petition are entirely without merit. 


The Petition was filed by Iain Weir-Jones, Elizabeth Anne Weir-Jones, Graeme May
and Tracy May and makes claims against MBI relating to, among other things: the
adoption of the Advance Notice Policy by the board of directors of MBI in
advance of the annual and special meeting of MBI shareholders held on May 17,
2013 (the "Meeting"); MBI's subsequent rejection, for failure to comply with the
requirements of the Advance Notice Policy, of a notice of intention submitted to
MBI by Mr. Weir-Jones to nominate himself and another person at the Meeting for
election as directors of MBI; and decisions made at the Meeting by the chairman.
 


The dissident shareholders are seeking from the Court, among other things, an
order convening a new annual general meeting of MBI and allowing the dissident
shareholders to nominate persons for election as directors of the company. 


The board of directors of MBI adopted the Advance Notice Policy as a matter of
good corporate governance to provide shareholders, directors and management of
MBI with a clear framework for nominating directors of MBI at a shareholders'
meeting. The two leading proxy advisory firms, Institutional Shareholder
Services Inc. and Glass, Lewis & Co., support the adoption of advance notice
policies.


About Med BioGene 

MBI is a life science company based in Vancouver, British Columbia that is
currently focused on managing the license and rights to GeneFx(R) Lung. MBI's
common shares are listed for trading on the TSX Venture Exchange.  


For more information on MBI, please visit www.medbiogene.com. 

About GeneFx(R) Lung 

GeneFx Lung is a proprietary gene expression-based test to improve upon staging
for identifying those patients with early-stage non-small-cell lung cancer
(NSCLC) who, following surgical removal of their tumor, are at higher and lower
risks of mortality. In an initial study of patient specimens from the National
Cancer Institute of Canada Clinical Trials Group JBR.10 trial, published in the
Journal of Clinical Oncology, patients classified by GeneFx Lung as higher risk
benefited from adjuvant chemotherapy, and those classified as lower risk did not
benefit and may have experienced a detrimental effect from adjuvant
chemotherapy. GeneFx Lung was subsequently validated in predicting patient
mortality in four independent studies involving data from tumor specimens
totaling 676 untreated early-stage NSCLC patients. GeneFx Lung is expected to
provide better-informed and personalized treatment decisions to assist in the
selection of patients for adjuvant chemotherapy. 


On April 15, 2011, MBI and Precision Therapeutics, Inc. closed their
commercialization, license and research reimbursement agreement. The agreement
provides to Precision exclusive global rights to develop and commercialize
GeneFx Lung.


About Precision Therapeutics 

Precision, a leading life science company based in Pittsburgh, Pennsylvania, is
dedicated to improving the outcomes of cancer patients by providing personalized
medicine solutions that aim to increase quality of life and cancer survival
rates. Precision offers a portfolio of products developed to help guide
physicians and patients with difficult clinical decisions throughout the
continuum of cancer care.  


Precision currently markets a number of tests through its CLIA-certified
laboratory, including ChemoFx(R), BioSpeciFx(R), GeneFx(R) Colon and
miRview(R)mets2.  


For more information on Precision, please visit www.precisiontherapeutics.com. 

The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release.


Certain statements in this press release contain forward-looking statements and
information ("forward-looking statements") under applicable United States and
Canadian securities legislation. Words such as "anticipates", "believes",
"estimates", "expects", "intends", "may", "plans", "projects", "will," "would"
and similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these identifying words.
Forward-looking statements include, but are not limited to, that with respect to
the timing, completion and/or results of clinical trials or studies, the timing
for commercialization of any products, future profits, future product revenues,
future shareholder value, future operations and plans, the completion and use of
proceeds from transactions or financings and the prospects for negotiating
partnerships or collaborations and their timing. These forward-looking
statements are only a prediction based upon the party's current expectations,
and actual events or results may differ materially. A party may not actually
achieve the plans, intentions or expectations disclosed in its forward-looking
statements. Forward-looking statements are subject to known and unknown risks
and uncertainties and are based on uncertain assumptions that could cause a
party's actual results and the timing of events to differ materially from those
anticipated in such forward-looking information. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this press release. A party's forward-looking statements do not reflect
the potential impact of any future partnerships, collaborations, acquisitions,
mergers, dispositions, joint ventures or investments that that party may make.
All forward-looking statements are qualified in their entirety by this
cautionary statement and a party undertakes no obligation to revise or update
any forward-looking statements as a result of new information, future events or
otherwise after the date of this press release, other than as required by
applicable law. Certain information included in this press release in respect of
Precision and its scientific, clinical and/ or commercialization efforts have
been provided to MBI by Precision. MBI may not have been able to confirm the
accuracy of such information and you should not place undue reliance on any such
information, including any information regarding Precision that would constitute
forward-looking information. A redacted copy of the commercialization agreement,
as amended, between Precision and MBI may be found at www.sedar.com. Each
trademark, trade name or service mark of any entity appearing in this news
release belongs to its holder.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Med BioGene Inc.
Erinn B. Broshko
Executive Chairman
(800) 641-3593
ebroshko@medbiogene.com
www.medbiogene.com

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