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News from SePRO
Date: December, 2002
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SePRO Corporation purchases Spinosad technology
December, 2002 -SePRO Corporation announces the purchase from Eli Lilly and Company of the worldwide rights to develop and market the compound Spinosad for the control of lice in human health.

Human lice, including head lice, are a significant problem in health care. In 2001, almost every school district in the United States had problems with head lice. The Spinosad technology was discovered by Lilly in 1985, and has been developed in collaboration with Dow AgroSciences, a division of The Dow Chemical Company.

William H. Culpepper, President of SePRO, announced the purchase, and indicated that he was pleased Lilly had chosen SePRO for the development and ultimate commercialization of this compound. "Lilly's analysis had indicated the potential in human health fell below their threshold for product development, however, the compound is a perfect match with SePRO's size and capabilities." SePRO has formed an affiliated company, ParaPRO LLC to develop products from this technology. ParaPRO will be responsible for filing an Investigational New Drug (IND) Application with the U.S. Food and Drug Administration (FDA), and for the design and execution of a clinical development program to demonstrate human safety and efficacy.

SePRO is also pleased this transaction supports the Central Indiana Life Sciences Initiative. This Initiative encourages the development of technology from major Indiana Life Sciences companies, for the creation and growth of new companies in Central Indiana.

David Rowe has joined ParaPRO as Vice President, New Business Development.

About SePRO

SePRO Corporation, founded in 1994, is a leading global provider of products, technologies and solutions to complex environmental problems throughout the world. More information about SePRO Corporation is available at www.sepro.com. For more information about ParaPRO, contact David Rowe at (317) 580-8288 or drowe.parapro@sepro.com.
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