BetterLife Pharma Inc.CSE: BETR

Pharmaceutical Company Announces Completion of New Phase II Clinical Trial Plan for Treatment of Alzheimer's

· Issued by BetterLife Pharma Inc.

Jan. 28, 2011 (Baystreet.ca) --

Palm Beach, FL -- Today Free

Biotech Stock Alert (http://www.FreeBiotechStockAlert.com), a leading penny

stock / small-cap information site, is highlighting Neurokine Pharmaceuticals

(OTCBB:NEUKF), Corcept Therapeutics (CORT), Pluristem Therapeutics (PSTI) and

Inhibitex, Inc. (INHX).

Neurokine Pharmaceuticals

(OTCBB:NEUKF)

The company recently announced the

completion of its new clinical trials plan to test the effects of NK-001 in the

treatment of Alzheimer's type memory loss in patients undergoing coronary artery

bypass graft (CABG) surgery. The plan will be to carry out clinical trials in 50

patients following CABG surgery and to test these patients for up to 12 months

following surgery for cognitive impairment (similar to Alzheimer's). The

patients will be divided in 2 groups; 25 will receive NK-001 and 25 will receive

placebo.

The clinical trials will be

carried out in 4 to 6 sites with cardiosurgery and psychiatry expertise in

Europe and expected to complete within 12 to 18 months. The company expects to

finalize site selection and contract with its designated clinical investigation

group in the next 4 to 6 weeks.

Neurokine is developing

proprietary encapsulation technology to allow better blood brain barrier

penetration to initiate and enhance therapeutic effects of anti-inflammatory

drugs in the treatment of neurodegenerative diseases.

Corcept Therapeutics

(CORT)

Corcept is a pharmaceutical

company engaged in the discovery and development of drugs for the treatment of

severe metabolic and psychiatric disorders.

Pluristem Therapeutics

(PSTI)

The Company is developing a

pipeline of products, stored ready-to-use, that are derived from human placenta,

a non-controversial, non-embryonic, adult stromal cell source.

Inhibitex, Inc.

(INHX)

The Company's research and

development efforts are currently focused on small molecule antiviral compounds,

and in particular, orally-available therapies to treat herpes zoster, also

referred to as shingles, and chronic infections caused by HCV.

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