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Pinnacle Biologics Announces Logistics Services Agreement With the Movianto Group

Tuesday, June 17, 2008 General News
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ROCKVILLE, Md., June 17 Pinnacle Biologics, a private,full-service pharmaceutical and biotech solutions company, today announced ithas entered into a logistic service agreement with Movianto, a German-basedcompany. The agreement, which is scheduled to take effect immediately, grantsMovianto certain logistics and distribution rights in several countries inEurope. Additional terms of the agreement were not disclosed.
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"The agreement with Movianto represents another milestone in Pinnacle'sinfrastructure and further showcases our vast capability to assist largepharmaceutical and biotechnology companies in optimizing the internationalmarket potential of mature products without diversion of resources from corebusinesses," said Guillermo Herrera, chairman of the board of PinnacleBiologics. "Additionally, the Pinnacle business model is optimal for smallbiotechnology that require a total solution from pre-launch tocommercialization of products."
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Conor Roche, managing director of the Movianto Group commented: "Moviantois extremely excited about expanding our service portfolio to meet Pinnacle'sunique distribution and logistics requirements and to accelerate thecommercialization of the Pinnacle business model in Europe."

About Pinnacle Biologics

Founded in 2007 by health care executives Guillermo Herrera, James Miller,and Viren Grover, Pinnacle Biologics is a premier international company thatexcels in assisting pharmaceutical and biotech companies that require a totalsolution in either launching products or maximizing/monetizing the value ofproducts late in their life cycle. Pinnacle forms exclusive relationships withresearch-based pharmaceutical multi-national corporations and biotechnologycompanies to take products to the next level.

Pinnacle provides a full range of services including regulatory, sales,marketing, distribution (including billing and collections),pharmacovigilence, product safety, market research and administrativeservices.

About Movianto

Movianto provides the pharmaceutical, biotechnology and healthcareindustry with innovative logistics and distribution solutions across Europe.Movianto's 400 international clients, including the world's ten largestpharmaceutical manufacturers, benefit from a broad range of pharmaceuticallogistics services and the variety of distribution models at national,regional and European level. Movianto is a business unit of Celesio AG. Forfurther information, please visit http://www.movianto.com

SOURCE Pinnacle Biologics
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