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Ambrilia Biopharma Inc. announced its fiscal 2008 results and provided a review of the recent developments. On February 2009, Ambrilia provided an update on its review of strategic alternatives that include the divestment, strategic partnership transactions or licensing of the Company's technologies, and the sale or merger of the Company. The Board of Directors has authorized the Company to broadly solicit proposals from third parties for transactions with the Company which might result in superior value for the shareholders.

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