August 15, 2012 Brevard, NC:

PharmAgra Labs, Inc. (Brevard, NC) is pleased to announce that it has received 1-year of funding for an Industrial Fellow from the North Carolina Biotechnology Center in the amount of $47,000. The fellowship may be extended for an additional year with an additional $47,000 at the discretion of the Center.

The Fellowship will be used to support the work of Dr. Sudarshan Upadhya in his efforts to commercialize proprietary PharmAgra products. Before joining PharmAgra, Dr. Upadhya was an Adjunct Assistant Professor at Wake Forest School of Medicine.

Speaking on behalf of PharmAgra Labs Inc and Lalilab Inc, Roger Frisbee, President of Ardeal Pharma, said:
“PharmAgra is very appreciative of the support being provided by the NC Biotechnology Center which will strengthen our ongoing commercialization program and provide career development support for Dr. Upadhya”.

For more information, please feel free to contact:
Roger Frisbee, PharmAgra Labs, Inc., 828-884-8656