Alliqua to Launch Biovance, Manufactured by Celgene Subsidiary

Alliqua, Inc. ALQA ("Alliqua" or "the Company"), a provider of advanced wound care products, will launch its Biovance® human amniotic membrane allograft product at Booth #1208 at the Spring 2014 Symposium on Advanced Wound Care to be held at the Gaylord Palms Hotel and Convention Center in Orlando, Florida on April 23-27. Biovance was originally developed by, and is currently being manufactured through a supply agreement with, Celgene Cellular Therapeutics ("CCT"), a subsidiary of Celgene Corporation, to assist wound care specialists, physicians and nurses, as well as vascular, plastic and general surgeons, in the treatment of a wide variety of complex, acute, chronic, recalcitrant, full and partial thickness wound types. With the right to develop and market Biovance, Alliqua has entered into one of the fastest-growing areas of wound care, which involves regenerative medicine. Alliqua will commence sales of Biovance immediately following the Symposium via its team of direct sales representatives. Additionally, Terry Treadwell, MD and Donna Walker, LPN (Institute for Advanced Wound Care, Montgomery, AL) have authored a poster that will be on display during SAWC (CR_049) titled "Treatment of Second Degree Burns with Dehydrated, Decellularized Amniotic Membrane (Biovance) versus a Nanocrystalline Silver Dressing." The poster reviews time to healing and visual cosmetic appearance of the burn scar with Biovance compared to silver dressing in patients with second-degree burns. Perry Karsen, CEO of Celgene Cellular Therapeutics, remarked, "We have great confidence in Alliqua and its management team in bringing Biovance to patients throughout the United States." On April 14, 2014, Celgene invested $5,000,000 in Alliqua as part of the Company's previously announced private placement that resulted in gross proceeds to the Company of $15 million. David Johnson, CEO of Alliqua, said, "The SAWC meeting is the ideal venue at which to launch our Biovance product and to convey its natural benefits to the wound care community. The launch of Biovance marks a major milestone for Alliqua, representing a key application of regenerative medicine for advanced wound care and an important addition to Alliqua's wound care portfolio. We are confident that wound care specialists and their patients will be impressed with the value this human amniotic membrane allograft brings to their wound care arsenal." The Symposium on Advanced Wound Care is the largest annual gathering of wound care clinicians in the U.S. It provides clinical education and information to physicians, podiatrists, nurses, physical therapists and allied health professionals dedicated to the advancement of wound care and healing. For more information, visit http://www.sawc.net/spring/.