Announcements


Prolacta® Bioscience Announces In-Vitro Study Results on Effects of Human Milk Fortifiers for Premature Infants


MONROVIA, Calif. February 12, 2008 -- Prolacta Bioscience, the first and only company to offer human milk fortifier made from 100% human breast milk for premature and critically ill infants in the neonatal intensive care unit (NICU), has announced the results of a recent published research paper by lead author Dr. Gary Chan from the University of Utah. The experiment, published in Breastfeeding Medicine, studied the antibacterial actions of human milk by comparing the effects of human breast milk-derived fortifier when mixed with breast milk, versus those of a powdered bovine-based fortifier on the same milk.

Click here to read more » The study focused exclusively on milk samples from mothers supplying milk for their premature babies in the neonatal intensive care unit (NICU). The importance of the experiment was considerable, since breast milk alone is not sufficient to meet the higher nutritional needs of babies born significantly preterm. As such, human milk fortifiers are routinely used in the NICU to provide the added nutritional content needed by premature infants. The standard of care has been to use cow milk-derived human milk fortifiers. Prolacta is the first and only company to offer a commercially available human-derived human milk fortifier.

While not all bovine fortifiers have a negative effect on mother's milk antibacterial activity, current data indicates that human milk has benefits specific to infants in the NICU, particularly related to decreased incidences of sepsis and necrotizing enterocolitis (NEC). The results of the experiment showed that human milk inhibited the growth of all of the test bacteria. The results also showed the following:

  1. This antibacterial activity was almost totally absent with the addition of the cow milk protein-based human milk fortifier.
  2. The antibacterial activity remained intact with the addition of the human breast milk-based fortifier.
To conduct the experiment, human milk samples were obtained from 10 lactating mothers who delivered prematurely, after the first week of their infant’s life. A bovine milk-based powdered fortifier and a human breast milk-based frozen fortifier were evaluated. All mothers were healthy and they were not on any medications, although they were taking prenatal vitamins during lactation.


“This study proves what most experts have known for some time,” said Scott Elster, CEO of Prolacta Bioscience. “Human breast milk is far superior to any other food that can be given to an infant. In the case of premature infants, human milk-derived fortifier is a better option since it delivers only native human proteins and fats.”

Breast milk has been shown in clinical research studies to help babies resist infections and decrease the incidence of serious diseases, such as NEC, sepsis, bacterial meningitis, and ear infections. The antibodies found in breast milk, as well as other human protective molecules are not present in other forms of milk, such as cow milk.

According to the World Health Organization (WHO) www.who.int, breastfeeding is an unequalled way of providing ideal food for the healthy growth and development of infants. WHO also believes that breast milk promotes sensory and cognitive development, and protects infants against infectious and chronic diseases. WHO also points to studies that indicate that exclusive breastfeeding reduces infant mortality due to common childhood illnesses such as diarrhoea or pneumonia, and helps for a quicker recovery during illness (http://www.who.int/child-adolescent-health/NUTRITION/infant_exclusive.htm).

Annually, about 62,000 babies in the United States are born very low birth weight, and nationwide, approximately 500,000 babies are born prematurely each year, which is equal to nearly 12% of all U.S. births. The rate of preterm birth has increased almost 35 percent between 1981 and 2005 (9.4 to 12.7 percent). Most babies that use Prolacta products are born weighing less than three pounds, five ounces (1,500 grams). These infants are considered very low birth weight, and are at substantial risk of serious health problems, lasting disabilities, and even death.

Prolacta is unique in its specialty of the nutritional needs for underweight, premature, and critically ill babies, focused on the first 30 days of life. As a result, the company understands the vital nutritional requirements in the NICU. Prolacta’s products are all made from donor human breast milk. The products are formulated to meet specific criteria as prescribed by neonatologists, which standardizes their products with precise calories, nutrients, and proteins.

Prolacta Bioscience (www.prolacta.com) is a life sciences company that is dedicated to improving quality of life by Advancing the Science of Human MilkTM. Prolacta creates specialty preparations made from human milk, therefore containing purely human protein, for the nutritional needs of premature and critically ill infants in NICUs. The company is the sole provider of a human milk fortifier made from 100% human milk, ProlactPlus H2MF. Prolacta operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk. Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition in order to assist health care professionals in providing the best possible care for the most fragile babies.

For a full copy of the study, please visit www.prolacta.com

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Prolacta Chief Medical Officer to Present at 2008 Conference of the International Society for Research on Human Milk and Lactation


MONROVIA, Calif. December 5, 2007 -- Dr. David J. Rechtman will be presenting a research paper at the 2008 Conference of the International Society for Research on Human Milk and Lactation (ISRHML) in Perth, Australia on February 5, 2008. Dr. Rechtman’s topic at ISRHML will be “A Donor Milk-Based Human Milk Fortifier.” He will be presenting a brief description of the process and resulting content of ProlactPlus H2MF™ along with a brief report on clinical trials to date. The International Society for Research on Human Milk and Lactation is the premiere organization for research in the field of human milk and lactation. Membership is restricted to those who have shown themselves to be active in advancing knowledge in the field through publications.

Click here to read more » Dr. Rechtman received his MD from State University of New York - Downstate Medical Center College of Medicine in 1980. Following a residency in internal medicine and a fellowship in infectious diseases he served on the faculty of SUNY-Health Science Center at Brooklyn while helping to establish and lead the multi-disciplinary AIDS care team at the affiliated Kings County Hospital. Since leaving academia he has had over two decades of experience in the development of new therapies and products in the biotech/pharma sector.

Prolacta Bioscience (www.prolacta.com) is a life science company that is Advancing the Science of Human Milk™. Human milk is one of nature’s most complex and valuable substances. Prolacta offers a suite of specialty formulations of human milk for the nutritional needs of premature and critically ill infants. The company operates a pharmaceutical grade processing plant and has designed and patented techniques unique to the processing of human milk. Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition in order to assist health care professionals in providing the best possible care for the most fragile babies.

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Prolacta Bioscience Processes 55,000 Ounces of Donor Breast Milk for International Breast Milk Project Shipment to South Africa


Quick International Donates Shipping Service from U.S. to South Africa


MONROVIA, Calif. October 22, 2007 -- Prolacta Bioscience, a privately held company that offers the first and only milk fortifier made from 100% human milk for the nutritional needs of premature and critically ill infants, announced the donated processing of over 50,000 ounces of milk for the International Breast Milk Project (IBMP). The breast milk is being shipped by Quick International to the iThembu Lethu orphanage in Durban, South Africa and was scheduled to arrive on October 21st for babies who have been orphaned by disease and poverty.


Click here to read more » IBMP was created in 2006 by Jill Youse, with the goal of providing nutrient-rich human breast milk for babies in need. The first IBMP breast milk shipment in 2006 contained the donated breast milk of only one person, Jill Youse. As of May 31, IBMP had over 800 milk donor applicants from across the United States, and 305 of these mothers made donations totaling 55,000 ounces of breast milk. All 55,000 ounces have been sent to South Africa, with 5,000 ounces shipped in May of 2007, and the remaining 50,000 ounces in transit.

“I am thrilled that so many women across the country are as passionate about this issue as I am,” said Jill Youse, founder of IBMP. “This monumental amount of breast milk being sent to South Africa will come to the aid of babies who have been orphaned by HIV/AIDS. It will provide them with an excellent source of nutrients that are not found in anything else except for breast milk.”

Several organizations were involved in donating products and services in order to make the shipment to South Africa possible. Prolacta (www.prolacta.com) processed 55,000 ounces of milk to ensure safety and quality, so that the end product mirrors the quality and nutritional value of their products provided to neonatal intensive care units in the United States. Quick International (www.qintl.com) donated the shipping and courier services for delivery of the breast milk to the iThemba Lethu orphanage, Avent (www.avent.com) donated 5,500 baby bottles, Miracle Blanket (www.miracleblanket.com) donated dozens of swaddling blankets, Amy’s Kitchen (www.amyskitchen.com) donated 144 cases of canned goods, and Global Cold Chain Alliance (www.gcca.org/gcca/) helped find a cold storage facility to house the donor milk in Durban.

According to the World Health Organization (WHO) www.who.int, breastfeeding is an unequalled way of providing ideal food for the healthy growth and development of infants. WHO also believes that breast milk promotes sensory and cognitive development, and protects infants against infectious and chronic diseases. WHO also points to studies that indicate that exclusive breastfeeding reduces infant mortality due to common childhood illnesses such as diarrhoea or pneumonia, and helps for a quicker recovery during illness (Visit Site).

Prolacta specializes in the nutritional needs of underweight, premature, and critically ill babies, focused on the first 30 days of life. Infants born weighing less than three pounds, five ounces (1,500 grams) are considered very low birth weight, and are at substantial risk of serious health problems, lasting disabilities, and even death. Annually, about 62,000 babies in the United States are born very low birth weight, and nationwide, approximately 500,000 babies are born prematurely each year, which is equal to nearly 12% of all U.S. births. The rate of preterm birth has increased 27 percent between 1982 and 2002, from 9.4 percent to 11.9 percent.

“When approached by Jill Youse and asked to assist in their program helping babies in Africa, we were more than happy to step up since our organization is committed to improving neonatal nutrition for critically ill babies,” said Scott Elster, CEO of Prolacta. “While we are still a small, startup organization, we felt that IBMP was working towards such an amazing and noble cause, that there was no question in our mind as to whether we should help.”

Prolacta’s products are made from donor human breast milk. Breast milk has been shown in clinical research studies to help babies resist infections and decrease the incidence of serious diseases, such as necrotizing enterocolitis (NEC), sepsis, bacterial meningitis, and ear infections. The antibodies found in breast milk, as well as other human protective molecules are not present in other forms of milk, such as cow milk.

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Prolacta Bioscience Appoints Ellen N. Cushing as Vice President Sales and Marketing


MONROVIA, Calif. September 18, 2007 -- Prolacta Bioscience, a privately held company that offers the first and only milk fortifier made from 100% human milk for the nutritional needs of premature and critically ill infants, announced today the appointment of Ellen N. Cushing as vice president of sales and marketing.


Click here to read more » Ms. Cushing is a seasoned medical industry executive, with over two decades of experience in the medical device and health care IT industry. Her experience directing global marketing organizations will carry into her role at Prolacta where she will be responsible for defining global strategies, in addition to daily oversight of sales, marketing, and customer care. Ms. Cushing’s background is extensive, and includes a leadership position for the perinatal business unit at Draeger Medical. As vice president of product management, she managed international marketing efforts focused on global innovation and product life cycle management processes. Ms. Cushing’s previous positions included roles as engineering manager, sales manager, director of the perinatal business unit, and marketing manager for neonatal/pediatric products at Spacelabs Medical, based in Washington.

“The addition of Ms. Cushing to our management group makes for a truly extraordinary leadership team,” said Scott Elster, CEO of Prolacta. “Her level of medical industry expertise, knowledge, and understanding, particularly perinatal and neonatal care, is not easily found. Her invaluable experience will go far in helping Prolacta continue its quest to help critically ill and premature infants.”

Prolacta specializes in the nutritional needs of underweight, premature, and critically ill babies, focused on the first 30 days of life. Infants born weighing less than three pounds, five ounces (1,500 grams) are considered very low birth weight, and are at substantial risk of serious health problems, lasting disabilities, and even death. Annually, about 55,000 babies in the United States are born very low birth weight, and nationwide, approximately 500,000 babies are born prematurely each year, which is equal to nearly 12% of all U.S. births. The rate of preterm birth has increased 27 percent between 1982 and 2002, from 9.4 percent to 11.9 percent.

Prolacta’s products are made from donor human breast milk. Breast milk has been shown in clinical research studies to help babies resist infections and decrease the incidence of serious diseases, such as necrotizing enterocolitis (NEC), sepsis, bacterial meningitis, and ear infections. The antibodies found in breast milk, as well as other human protective molecules are not present in other forms of milk, such as cow milk.

About Prolacta
Prolacta BioScience (www.prolacta.com) is a life science company dedicated to the application of science relating to human milk - one of nature’s most complex and valuable substances. Prolacta offers a suite of specialty formulations of human milk for the nutritional needs of premature and critically ill infants. The company operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk. Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition in order to assist health care professionals in providing the best possible care for the most fragile babies.

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Prolacta Bioscience Closes on over $12 Million in Private Funding


Seasoned Plasma Industry Expert John Bacich Named Chairman of the Board


MONROVIA, Calif. May 23, 2007 -- Prolacta Bioscience, a privately held company that provides the only commercially available human milk fortifier made exclusively from human milk for infants in the neonatal intensive care unit (NICU), announced today that it has secured over $12 million in funding, and that it has named former Baxter Bioscience President John Bacich as Chairman of the Board. Alta Partners led the financing and was joined by DFJ Frontier, Arcturus Capital, DFJ Mercury, Funk Ventures, Phillip Capital, Gideon Hixon Fund, and Draper Associates L.P., as well as others. Alison de Bord, Director at Alta Partners, joined the board of Prolacta in connection with the financing.


Click here to read more » Prolacta currently sells the first and only human milk fortifier, made from 100% human milk, for use in the NICU. Fortifier is added to a mother's own milk, or to donor milk, which is critical for a preemie or sick baby’s ability to grow and develop. The new funding will support greater commercialization and sales of Prolacta’s successful product line, as well as the development of additional products that meet the specific nutritional needs of these critically ill and premature infants.

The announcement of Mr. Bacich as new chairman of the board adds one of the most experienced and respected health care executives in plasma therapeutics to the Prolacta organization. Working closely with CEO Scott Elster, also a former Baxter executive, and other veteran industry executives within the Prolacta team, Mr. Bacich will undoubtedly strengthen the execution of proven and successful business strategies.

“The demand for Prolacta products has grown significantly since it was commercially introduced in 2005, as caregivers in the NICU have realized that bovine (cow)-based fortifier can cause severe intolerance issues with delicate infants in the NICU,” said Mr. Elster. “Having John Bacich, a highly respected health care expert with relevant industry experience as our chairman, will be a significant benefit to Prolacta and the patients we serve. John will play a critical role in our efforts to permanently improve the standard of care for critically ill and vulnerable babies.”

Mr. Bacich has been involved in the biopharmaceutical industry for 38 years, most of which was with Baxter Healthcare beginning in 1968 and retiring in 1998. He held a variety of positions including quality management, research and development, global manufacturing operations, and general management, leading to the presidency of what is now called the Bioscience Division of Baxter Healthcare. In his capacity as president, Mr. Bacich was responsible for the plasma products worldwide and the development of the recombinant proteins business.

“I built my career at Baxter, where we produced vital products from human plasma that saved lives every day,” said John Bacich, chairman of Prolacta. “It is truly fulfilling to put that experience to work at Prolacta, developing human milk-based products that save the lives of premature and critically ill babies.”

Babies in the NICU, born weighing less than five pounds, eight ounces (2,500 grams), are considered low birth weight and are at an increased risk of serious health problems, lasting disabilities, and even death. About one in every 13 babies in the United States is born with low birth weight, and nationwide, approximately 500,000 babies are born prematurely each year, which is equal to nearly 12% of all U.S. births. The rate of preterm birth has increased 27 percent between 1982 and 2002, from 9.4 percent to 11.9 percent.

Prolacta’s products contain crucial antibodies from the mother that can help these babies resist infections and serious diseases, such as necrotizing enterocolitis (NEC), sepsis, and bacterial meningitis. Human milk has been shown in clinical research studies to decrease the incidence of infection and disease. The antibodies found in human milk, as well as other protective molecules are not present in other forms of milk, such as cow milk.

“As the leader in the science of human milk, we are extremely pleased to have the support of a blue chip investor such as Alta Partners,” said Frank Foster, former chairman and current member of Prolacta’s board of directors. “Their extensive industry experience will accelerate our mission of improving the lives of critically ill and premature infants.”

About Alta Partners
Alta Partners is a San Francisco-based venture capital firm focused on life sciences investing. Founded in 1996, the firm currently manages $2 billion in committed capital through eight venture fund programs. Alta invests in life sciences companies across the development continuum, from company formation to later-stage opportunities, and has funded more than 110 companies in the sector to date. www.altapartners.com

About Prolacta
Prolacta BioScience (www.prolacta.com) is a life science company dedicated to the application of science relating to human milk - one of nature’s most complex and valuable substances. Prolacta is the pioneer in human milk-based nutritional products for critically-ill and premature infants in the Neonatal Intensive Care Unit. It has created the first and only commercially available Human Milk Fortifier made from 100% human milk, Prolact-Plus™. With this breakthrough development, Prolacta has made a commitment to improving neonatal nutrition. Using state of the art formulation, pasteurization and filling processes, Prolacta ensures the highest possible level of product safety and quality. The company operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk. Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition in order to assist health care professionals in providing the best possible care for the most fragile babies.

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Legalzoom, Snap.com, Prolacta Named Winners of Entretech / Pricewaterhousecoopers Fourth Annual Entrepreneurship Award 2007


PASADENA, Calif. -- (BUSINESS WIRE) -- Entretech (www.entretech.org), a leading business development organization serving high technology companies throughout Greater Los Angeles, announced today that LegalZoom, Snap.com and Prolacta Bioscience have been named winners of its fourth annual Entrepreneurship Award 2007. Offered in partnership with PricewaterhouseCoopers, the world’s largest professional services organization, the Entretech PricewaterhouseCoopers Entrepreneurship Award celebrates the entrepreneurial vigor and business achievements of technology companies based in Los Angeles.


Click here to read more » The three winners were honored at an awards dinner on April 19, on the Caltech campus, featuring keynote speaker Ruth Owades, distinguished entrepreneur, and founder of two successful companies, Calyx & Corolla, and Gardeners’ Eden.

The purpose of the Entrepreneurship Award is to honor growing, leading edge companies symbolizing the best in entrepreneurial spirit and skills. This year, the Program was divided into three revenue categories to accommodate the growing interest of applicants, which ranged from companies earning under $1 million in annual revenues in 2006 to over $115 million.

“The high quality of applicants made the selection process extremely difficult,” said Stephanie Yanchinski, Executive Director of Entretech. “LegalZoom, Snap.com and Prolacta Bioscience ultimately received the award based on clear evidence of product acceptance in the marketplace, their potential for significant increases in revenue and profitability, and their dynamic management teams with a proven record of execution.”

“We’re pleased with the tremendous growth of the Entrepreneurship Award since its inception four years ago,” said Louise Wannier, Chairman of the Entrepreneurship Award Advisory Committee. “The program continues to attract an amazing group of applicants, as well as recognition from the VC and technology communities throughout California.”

“We’re honored to have been recognized with the Entrepreneurship Award,” said John Suh, CEO of LegalZoom. “Entretech has provided instrumental support to many technology companies and brought much visibility to the many entrepreneurial efforts in Southern California.”

About the Winners

$5 million plus 2006 revenue
LegalZoom (www.legalzoom.com) is the nation’s number one online self-help legal document service. Co-founded by attorney Robert Shapiro in 2001, LegalZoom.com (www.legalzoom.com) lets consumers and small business owners take care of common legal matters online without a costly attorney. Legal documents available through LegalZoom include: Wills, Living Wills, Incorporation, LLC Formation, Living Trusts, Powers of Attorney, Divorces, Small Claims, Trademarks, Copyrights and more.

$1 to $5 million 2006 revenue
Snap.com (www.snap.com) is a web search engine that, with its visual approach to search and intuitive user interface, provides users with a unique and more efficient way to view and interact with search results. Snap.com also delivers to businesses a more cost-effective advertising model that aligns search relevance with advertiser goals while also protecting them from click fraud. Snap.com was recently chosen as one of TIME magazine’s 50 Coolest Websites of 2006.

Under $1 million 2006 revenue
Prolacta Bioscience (www.prolacta.com) is a life science company dedicated to the application of science relating to human milk - one of nature’s most complex and valuable substances. Offering a suite of specialty formulations of human milk for the nutritional and immunological needs of premature and critically ill infants, Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition. Prolacta operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk.

About Entretech

Entretech (www.entretech.org) is the leading non-profit association in Greater Los Angeles empowering entrepreneurs to build new businesses through capital, education, people, and strategic partners. It provides the high tech community with critical and practical business development resources and connections. Recently expanding its geographical reach beyond the San Gabriel Valley to cover all of Los Angeles, Entretech formed a closer relationship with the Tech Coast Angels, alongside an existing partnership with the Pasadena Angels. In addition, in 2007, vice provosts from USC and UCLA joined Caltech on the Entretech Board, representing a powerful regional triumvirate of innovation. Since its inception more than seven years ago, Entretech has worked closely with other organizations throughout the region, including the Caltech/MIT Enterprise Forum, the Keck Graduate Institute, the NASA Commercialization Center, the Business Technology Center, LARTA, the LAEDC, the San Gabriel Valley Economic Partnership, and the Cities of Pasadena, Monrovia and Irwindale. Entretech is positioned to work with communities throughout Los Angeles to advance a significant cluster of advanced-tech development. Entretech operates from an office on the Caltech campus.

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Prolacta Bioscience Adds Joe Fournell and Mitchell Kirk to Management Team


MONROVIA, Calif. December 13, 2006 -- Prolacta Bioscience, a privately held company that provides specialty formulations of human milk for the immunological and nutritional needs of premature and critically ill infants, announced today the addition of two key members of the management team. Joe Fournell has joined Prolacta as vice president of operations, and Mitchell A. Kirk has joined as vice president of sales and marketing. These two additions will round out the management team, which includes Elena Medo, founder and president; Nathen Fox, chief financial officer; Dr. David Rechtman, chief medical officer; and Dr. Martin Lee, chief scientific officer.


Click here to read more » Mr. Fournell has over a decade of experience in operations and supply chain management for the high-tech and bioscience sectors. Most recently, he served as director of global logistics for the Bioscience division of Baxter Healthcare where he managed the transportation, warehousing, and distribution of over $3 billion in products globally. Mr. Kirk has spent nearly three decades in the pharmaceutical industry and has held sales and management positions at Schering-Plough, Glaxo, GlaxoSmithKline, and Valeant Pharmaceuticals. His broad experience includes having led the efforts for managed care, Medicare, and Medicaid reimbursement at Valeant.

“Both Joe and Mitch have the experience and understanding necessary to support the management team in reaching our overarching objectives,” said Scott Elster, CEO of Prolacta. “These two gentlemen have the healthcare management expertise and the drive to help us fulfill our mission of helping critically ill babies.”

Prolacta specializes in the nutritional needs of underweight, premature, and critically ill babies, focused on the first 30 days of life. Infants born weighing less than five pounds, eight ounces (2,500 grams) are considered low birth weight, and are at increased risk of serious health problems, lasting disabilities, and even death. About one in every 13 babies in the United States is born with low birth weight, and nationwide, approximately 500,000 babies are born prematurely each year, which is equal to nearly 12% of all U.S. births. The rate of preterm birth has increased 27 percent between 1982 and 2002, from 9.4 percent to 11.9 percent.

Prolacta’s products, which are made of human milk, contain crucial antibodies from the mother that can help the baby resist infections and serious diseases, such as necrotizing enterocolitis (NEC), sepsis, bacterial meningitis, and ear infections. Human milk has been shown in clinical research studies to decrease the incidence of these conditions. The antibodies found in human milk, as well as other protective molecules are not present in other forms of milk, such as cow milk.

About Prolacta
Prolacta BioScience (www.prolacta.com) is a life science company dedicated to the application of science relating to human milk - one of nature’s most complex and valuable substances. Our mission is to make a meaningful difference in the lives of thousands of the most vulnerable infants through world class research and innovative products. Prolacta offers a suite of specialty formulations of human milk for the nutritional and immunological needs of premature and critically ill infants. The company operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk. Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition in order to assist health care professionals in providing the best possible care for the most fragile babies.

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Prolacta Bioscience Appoints John Bacich to Board of Directors


MONROVIA, Calif. October 25, 2006 -- Prolacta Bioscience, a privately held company that provides specialty formulations of human milk for the immunological and nutritional needs of premature and critically ill infants, announced today the appointment of John Bacich to its board of directors. The announcement comes at the heels of two important milestones over the past 30 days: the closing of series B Prime financing and the selection of Scott Elster as their new CEO.


Click here to read more » Mr. Bacich has been involved in the biopharmaceutical industry for 38 years, most of which was with Baxter Healthcare beginning in 1968 and retiring in 1998. He held a variety of positions including quality management, research and development, global manufacturing operations, and general management, leading to the presidency of what is now called the Bioscience Division of Baxter Healthcare. In his capacity as president, Mr. Bacich was responsible for the plasma products worldwide and the development of the recombinant proteins business.

“We are honored to have such an accomplished and esteemed talent on our board of directors,” said Scott Elster, CEO of Prolacta. “With nearly four decades of experience, Mr. Bacich brings a wealth of expertise and knowledge to our organization.

Prolacta specializes in the nutritional needs of underweight, premature, and critically ill babies, focused on the first 30 days of life. Infants born weighing less than five pounds, eight ounces (2,500 grams) are considered low birth weight, and are at increased risk of serious health problems, lasting disabilities, and even death. About one in every 13 babies in the United States is born with low birth weight, and nationwide, approximately 500,000 babies are born prematurely each year, which is equal to nearly 12% of all U.S. births. The rate of preterm birth has increased 27 percent between 1982 and 2002, from 9.4 percent to 11.9 percent.

Mr.Bacich was a charter board member of Plasma Protein Therapeutics Association (PPTA) which is the only industry association for plasma products producers and their recombinant equivalents. He remains active in the industry as a consultant, as a board member on select commercial firms, and as a director of the Southern California Hemophilia Society. He holds a B.S. degree in Microbiology from California State University, Long Beach.

“Prolacta is an incredible organization that is improving the standard of care for critically ill and premature infants,” said Mr. Bacich. “I look forward to being an active board member and contributing to the efforts that will have a positive impact on the world’s most vulnerable babies.”

Prolacta’s products, which are made of human milk, contain crucial antibodies from the mother that can help the baby resist infections and serious diseases, such as necrotizing enterocolitis (NEC), sepsis, bacterial meningitis, and ear infections. Human milk has been shown in clinical research studies to decrease the incidence of these conditions. The antibodies found in human milk, as well as other protective molecules are not present in other forms of milk, such as cow milk.

About Prolacta
Prolacta BioScience (www.prolacta.com) is a life science company dedicated to the application of science relating to human milk - one of nature’s most complex and valuable substances. Our mission is to make a meaningful difference in the lives of thousands of the most vulnerable infants through world class research and innovative products. Prolacta offers a suite of specialty formulations of human milk for the nutritional and immunological needs of premature and critically ill infants. The company operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk. Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition in order to assist health care professionals in providing the best possible care for the most fragile babies.

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Prolacta Bioscience Names Scott Elster as CEO


MONROVIA, Calif. October 18, 2006 -- Prolacta Bioscience, a privately held company that provides specialty formulations of human milk for the immunological and nutritional needs of premature and critically ill infants, announced today that it has named Scott Elster as its CEO. In this role, Mr. Elster will lead all aspects of the organization.


Click here to read more » Mr. Elster has over 20 years experience in the biosciences and financial sectors. His experience encompasses planning, finance and strategy development, supply chain, and operations at the Bioscience Division of Baxter Healthcare, Clinical Micro Sensors (a Motorola Company), and Deloitte and Touche. At Baxter, Mr. Elster’s management work was focused directly on plasma products worldwide. At Clinical Micro Sensors, Mr. Elster successfully prepared operations for the company’s first commercial launch, including FDA approval of the manufacturing facility. Mr. Elster also serves on the board of directors and is past chairman of the board for Monrovia Growers.

“We are extremely pleased to have attracted an executive of Mr. Elster’s caliber to lead Prolacta,” said Prolacta co-founder and president Elena Medo, and Chief Science Officer Dr. Martin Lee. “His experience at Baxter Bioscience will be extremely valuable as we complete our clinical trials and establish Prolacta formulas as the standard of care for feeding premature and critically ill infants.”

Prolacta specializes in the nutritional needs of underweight, premature, and critically ill babies, focused on the first 30 days of life. Infants born weighing less than five pounds, eight ounces (2,500 grams) are considered low birth weight, and are at increased risk of serious health problems, lasting disabilities, and even death. About one in every 13 babies in the United States is born with low birth weight, and nationwide, approximately 500,000 babies are born prematurely each year, which is equal to nearly 12% of all U.S. births. The rate of preterm birth has increased 27 percent between 1982 and 2002, from 9.4 percent to 11.9 percent.

“I am looking forward to leading an organization that is committed to the well being of critically ill babies,” said Mr. Elster. “Being a part of Prolacta means that I am helping to make a meaningful difference in the lives of thousands of the most vulnerable infants, through innovative products world class research.”

Prolacta’s products, which are made of human milk, contain crucial antibodies from the mother that can help the baby resist infections and serious diseases, such as necrotizing enterocolitis (NEC), sepsis, bacterial meningitis, and ear infections. Human milk has been shown in clinical research studies to decrease the incidence of these conditions. The antibodies found in human milk, as well as other protective molecules are not present in other forms of milk, such as cow milk.

About Prolacta
Prolacta BioScience (www.prolacta.com) is a life science company dedicated to the application of science relating to human milk - one of nature’s most complex and valuable substances. Our mission is to make a meaningful difference in the lives of thousands of the most vulnerable infants through world class research and innovative products. Prolacta offers a suite of specialty formulations of human milk for the nutritional and immunological needs of premature and critically ill infants. The company operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk. Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition in order to assist health care professionals in providing the best possible care for the most fragile babies.

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Prolacta Bioscience Closes on over $5 Million in Private Funding


MONROVIA, Calif. October 4, 2006 -- Prolacta Bioscience, a privately held company that provides specialty formulations of human milk for the immunological and nutritional needs of premature and critically ill infants, announced today that it has raised over $5 million in private venture funding for its series B prime financing round from a combination of existing investors, new investors, and several high profile angel investors.


Click here to read more » New investors included Arcturus Capital, DFJ Mercury, Philip Capital, Funk Ventures Capital, and the Gideon Hixon Fund. Existing investors include DFJ Frontier, Draper Richards, and Draper Associates.

“Arcturus is excited to be a part of Prolacta at a very crucial time in the company’s development,” said Stephen Watkins, managing director of Arcturus Capital. “We are committed to assisting the company as they seek to fundamentally change the way that babies are fed in the NICU.”

Prolacta specializes in the nutritional needs of underweight, premature, and critically ill babies, focused on the first 30 days of life. Infants born weighing less than five pounds, eight ounces (2,500 grams) are considered low birth weight, and are at increased risk of serious health problems, lasting disabilities, and even death. About one in every 13 babies in the United States is born with low birth weight, and nationwide, approximately 500,000 babies are born prematurely each year, which is equal to nearly 12% of all U.S. births. The rate of preterm birth has increased 27 percent between 1982 and 2002, from 9.4 percent to 11.9 percent.

The series B prime financing underscores the organization’s stability and long-term growth potential, as hospitals around the country have increased their use of Prolacta's human milk fortifier, trophic feed formulations, and calorie specific milk formulations for hospitalized premature infants.

Prolacta’s products, which are made of human milk, contain crucial antibodies from the mother that can help the baby resist infections and serious diseases, such as necrotizing enterocolitis (NEC), sepsis, bacterial meningitis, and ear infections. Human milk has been shown in clinical research studies to decrease the incidence of these conditions. The antibodies found in human milk, as well as other protective molecules are not present in other forms of milk, such as cow milk.

This round of funding will provide resources for Prolacta to complete several important studies which will demonstrate the benefits of its 100% human milk formulations for neonates, and it will also allow Prolacta to bring in additional world class executives to drive the company’s growth.

“Prolacta is pleased to have the support of such sophisticated investors,” said Frank H. Foster, executive chairman of Prolacta Bioscience. “It is a strong endorsement of our mission to improve the lives of thousands of infants.”

About Prolacta
Prolacta BioScience (www.prolacta.com) is a life science company dedicated to the application of science relating to human milk - one of nature’s most complex and valuable substances. Our mission is to make a meaningful difference in the lives of thousands of the most vulnerable infants through world class research and innovative products. Prolacta offers a suite of specialty formulations of human milk for the nutritional and immunological needs of premature and critically ill infants. The company operates a pharmaceutical grade processing plant and has designed and patented processes unique to the science of human milk. Prolacta is committed to supporting research in the areas of human milk and premature infant nutrition in order to assist health care professionals in providing the best possible care for the most fragile babies.

About Arcturus
Arcturus Capital (www.arcturusvc.com) is a Los Angeles-based venture capital firm. The Arcturus team combines 170 years of experience in venture capital investing, professional investment management, executive operating experience, and advanced scientific research. With a collective investment record spanning more than three decades, Arcturus principals have made more than 100 venture investments that have resulted in 22 IPOs and 38 M&A transactions. With a large, diverse group of investment professionals, Arcturus is able to be opportunistic across business stages and regions, though our primary focus is early-stage technology companies in the Southern California area.

About DFJ Mercury
DFJ Mercury (www.dfjmercury.com) is a Texas-based, seed and early stage venture capital fund. We invest in companies that are addressing large market opportunities in information technology, applied materials and life sciences. DFJ Mercury is part of the global intelligence network of Draper Fisher Jurvetson funds. DFJ Mercury seeks to partner with extraordinary entrepreneurs to build globally competitive businesses. Our team has a long track record of launching, growing and investing in early stage companies. We believe that the most important ingredient in any start-up is the entrepreneur. Our philosophy is to help entrepreneurs build their businesses from the very early stage.

About Funk Ventures Capital Partners
Funk Ventures is a multi-faceted and entrepreneurial investment firm with focus on venture capital, business acceleration, and real estate. Supported by an experienced and passionate team, the firm's philosophy is grounded in the belief that businesses can make a significant and positive contribution to people, society and the environment. The firm's venture capital arm makes value-add investments in promising companies in the wellness, medical device and clean tech markets. Funk Ventures also runs a business accelerator, providing resources, expertise and management to growing companies that are still too young to receive venture financing. The firm's real estate unit is active as both an investor and developer, with a focus on international resort destinations and sustainable living communities. For more information, visit www.funkventures.com or call (310) 395-5703. Funk Ventures is a registered trademark of Funk Ventures, Inc.

About Philip Capital
Phillip Capital is an integrated financial services group that offers a full range of quality and innovative financial services to individuals, corporate and institutional customers. Our services include private equity/venture capital, corporate finance, broking of bonds and stocks, fund management, futures and commodities, factoring, financial planning and property consultancy. We operate in the financial hubs of 11 countries including Singapore, Hong Kong, China, Thailand, Malaysia, Indonesia, Sri Lanka, Thailand, Australia, United Kingdom and France. We have an extensive branch network with more than 2,500 staff in Asia and Europe and total assets under management in excess of US$3 billion.

About Gideon Hixon Fund
The Gideon Hixon Fund is the venture capital vehicle for the Hixon family. The Gideon Hixon Fund and its predecessor entities (HixVen and Southwest Venture Partnerships) have a long history in venture capital beginning in the 1970s. The group's venture capital investments include Apple Computer (NASDAQ & NYSE: AAPL) and Dell (NASDAQ: DELL) as well as more recent successes including CORSolutions (acquired by Matria), Sensitech (acquired by Carrier), Medior (acquired by AOL), Security Dynamics (acquired by RSA), WebCal (acquired by Yahoo) and Xiotech (acquired by Seagate).

About Draper Richards
Draper Richards L.P. is a venture capital firm investing in early-stage technology companies. We fund entrepreneurs with the energy, vision, experience, and desire to build great companies. Draper Richards is an active investor, dedicated to helping entrepreneurs achieve their maximum potential through contacts, advice, and support. We provide portfolio companies assistance in the areas of strategy, executive team recruiting, and raising capital.

About DFJ Frontier
With offices in Sacramento and Santa Barbara, DFJ Frontier (www.dfjfrontier.com) invests in seed and early stage technology companies in California. We are an affiliate of Draper Fisher Jurvetson, a premier Silicon Valley venture capital fund known for visionary early stage investing. DFJ Frontier backs passionate entrepreneurs and provides business assistance, not just capital. We typically lead the first round of investment, taking a significant stake in the company and an active role on the Board of Directors. We continue to invest in subsequent rounds and help arrange financing from other institutional investors, supporting our companies as they move towards self-sufficiency and liquidity.

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