9701 Dessau Rd, Ste 304, Austin, TX 78754

Official Statement Regarding Recent Viral Media

Prophase Biostudios is a 501(c)3 biotech research and entrepreneurship incubator registered in the state of Texas. We are a membership organization whose numerous members work in various business and contracting capacities. Recent viral media exposure by online journalists have described the work of some of our members as being work done by Prophase Biostudios. This is a misunderstanding.

Machiavelli Davis carried out activities as a contractor for Ascendance Biomedical on his own volition without the support or approval of Prophase Biostudios or any of its officers or board members. He was in no way acting in official capacity as Chairman, board member, or officer of Prophase Biostudios by independently contracting with an outside organization.

All research and development activities in gene therapy have only been intended for process design and not human experimentation or self-administration. No gene therapy products produced at Prophase have ever been used in human experimentation or self-administration.

There has been no intended relationship between Prophase Biostudios and Ascendance Biomedical in business, research, asset exchange, employees, or in all media.

The Prophase Biostudios board agrees unanimously for this statement to be signed and for this statement to be put on the homepage of the Prophase website.

Unanimous decision of the board: Feb 6, 2017

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