Akela Pharma announces achievement of second of a series of three Fentanyl TAIFUN(R) Phase 3 study related milestones



    
    www.akelapharma.com
    Toronto Stock Exchange Symbol: AKL
    

    MONTREAL, Oct. 30 /CNW Telbec/ - Akela Pharma Inc. (TSX: "AKL"), a drug
development company focused on developing therapies for the inhalation and
pain markets, today announced that it has achieved the second of a series of
three Fentanyl TAIFUN(R) Phase 3 study related milestones to be paid by
Janssen Pharmaceutica NV.
    This second milestone related to the start of the Fentanyl TAIFUN(R)
Phase 3 program should be followed within the next quarter by the enrolment of
the first patients in Phase 3 efficacy and safety studies in Europe. Janssen
Pharmaceutica is the licensee for the product in Europe, Canada, Middle East
and Africa.

    About Akela Pharma Inc.:

    Akela Pharma is an integrated drug development company focused on
developing therapies for the growing multi-billion dollar inhalation and pain
markets. Its lead product, for the treatment of breakthrough cancer pain, is a
fast-acting Fentanyl formulation delivered using the Company's TAIFUN(R) dry
powder inhaler platform. Its pipeline also includes therapeutics for asthma,
COPD, growth hormone deficiencies and controlled substance abuse deterrent
formulations. PharmaForm, Akela's wholly owned subsidiary, is a leading
specialty contract service provider offering a portfolio of innovative
technologies in drug product development, manufacturing and analytical testing
to the pharmaceutical and biotechnology industries. Through its diverse
offerings, PharmaForm solutions help clients reduce development costs and
accelerate time-to-market.
    Akela's common shares trade on The Toronto Stock Exchange ("TSX") under
the symbol "AKL" with 21.6 million shares outstanding.

    This news release contains certain forward-looking statements that
reflect the current views and/or expectations of Akela Pharma Inc. with
respect to its performance, business and future events. Such statements are
subject to a number of risks, uncertainties and assumptions. Actual results
and events may vary significantly.
    %SEDAR: 00003466EF




For further information:

For further information: Frédéric Dumais, Vice-President, Investor
Relations, (514) 315-3330, ext. 106, Fax: (514) 315-3325; www.akelapharma.com

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Akela Pharma Inc

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