25 March 2015, Melbourne: Australian drug delivery company,...

25 March 2015, Melbourne: Australian drug delivery company, Phosphagenics Limited
(ASX: POH; OTCQX: PPGNY), announced that it has granted Integrated Animal Health
(IAH) a four year exclusive license to manufacture and sell animal nutrition products that
incorporate the Company’s proprietary vitamin E phosphate technology (TPM®). The
products, which will be marketed under IAH’s Feed-Mate™ brand, target reductions in the
signs associated with mastitis in dairy cows, and are intended to decrease antibiotic use
and increase the quality of milk. The products are also believed to provide general
improvements to herd health associated with heat stress and fertility difficulties.
The license applies to the United Kingdom and the Republic of Ireland. IAH already has a
licensing arrangement for these products in Australia and New Zealand.
IAH intends to appoint the Denis Brinicombe Group Pty Ltd as its distributor for these
products. The Denis Brinicombe Group is a UK-based family company, and is a significant
manufacturer and distributor of animal feed products in UK and Ireland.
IAH is required to purchase minimum quantities of TPM® annually to maintain exclusivity.
The minimums in the first year of the launch total approximately $550,000 in revenue to
Phosphagenics and they climb to around $1.8 million for the final year of the exclusivity
arrangement. In addition to these minimum purchases, IAH is required to pay​

Phosphagenics royalties on sales to its distributor