Cleveland Biolabs Reports Will Transfer Some Workers to Buffalo Biolabs

Cleveland BioLabs, Inc. CBLI announced today that because of maturation of its development pipeline and a reduced need for certain services, it has transferred laboratory and preclinical services personnel to Buffalo BioLabs, LLC, an entity affiliated with one of the Company's co-founders, Andrei Gudkov, Ph.D., D. Sci. CBLI has executed a service agreement providing for continued access to this team on an as-needed basis. The service agreement terms will be filed on Form 8-K later today.