Commonwealth Biotechnologies, Inc. (CBI) is a specialized life sciences outsourcing business that offers a suite of discovery and development services and chemistry and biology products through its subsidiary companies, which include CBI Services, Fairfax Identity Labs (FIL) and Mimotopes Pty Limited (Mimotopes). In April 2008, the Company entered into a joint venture with Beijing-based, VenturePharm Laboratories, Ltd. (VPL) in order to offer high throughput, low cost drug discovery services through facilities in China. As of September 23, 2008, Exelgen Limited (Exelgen) was closed. The Company’s business units include CBI Services, FIL, Mimotopes and VenturePharm joint venture.