Akela Pharma, Inc. Announces Completion of Asset Foreclosure on Formulation Technologies, LLC

VANCOUVER, March 14, 2013 /CNW Telbec/ - Akela Pharma, Inc. (the "Corporation") has announced that the asset foreclosure on its wholly owned subsidiary, Formulation Technologies, LLC d/b/a PharmaForm, was completed on March 9, 2013. The Corporation and its subsidiaries have ceased operations. All employees, officers and directors of the Corporation have resigned or been terminated.

SOURCE: AKELA PHARMA INC.

For further information:

Akela Pharma, Inc.
Tel: 512-531-6676

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AKELA PHARMA INC.

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