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AspenBio Pharma, Inc. (AspenBio) is a biotechnology company engaged in the discovery, development, manufacture, and licensing or marketing of drugs and diagnostics for human and animal healthcare. As a supplier of purified proteins for diagnostic applications, the Company has become a supplier of human hormones to large medical diagnostic companies and research institutions. The Company manufactures and markets approximately 30 purified protein products primarily for use as controls by diagnostic test kit manufacturers and research facilities, to determine whether diagnostic test kits are functioning properly. As of December 31, 2007, the Company engaged in the development and testing of its two first-generation blood-based human diagnostic tests designed to help screen or rule out appendicitis in patients complaining of abdominal pain.The Company is completing development of, and bringing two veterinary products to market.(Source: 10KSB)