UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~December~~June 3130, ~~2008~~2009

Commission File Number: 000-50678

PULMO BIOTECH INC.

(Exact name of registrant as specified in its charter)

Delaware	20-5622985
(State of incorporation)	(I.R.S. Employer Identification No.)

1035 Park Avenue, Suite 7B, New York NY	10028-0912
(Address of principal executive offices)	(Zip Code)

646-827-9362

(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant: (1) has ~~filed~~ filed all reports required to be filed by Section 13 or 15 (d) of the ~~Securities~~ Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [ Yes X] ~~Yes [ ]~~ .No .

Indicate by check mark whether the registrant ishas ~~a large~~submitted ~~accelerated~~electronically ~~filer,~~and anposted ~~accelerated~~on ~~filer~~its corporate Website, aif ~~non~~any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-~~accelerated~~T ~~filer,~~(§232.405 of this chapter) during the preceding 12 months (or afor ~~smaller~~such shorter period that the registrant was required to ~~reporting~~submit ~~company~~and post such files). Yes X .No .

~~Large~~Indicate by check mark whether the registrant is a large accelerated filer, [an ]accelerated ~~Accelerated~~filer, a non-accelerated filer, [or ]a ~~Non-~~smaller reporting company. See definitions of "large accelerated filer,", "accelerated [filer," ]and ~~Smaller~~"smaller reporting company" [in Rule 12b-2 Xof ]the Exchange Act. (Check one):

~~Indicate~~Large byaccelerated ~~check~~filer ~~mark~~. ~~whether~~Accelerated ~~the~~filer ~~registrant~~. isNon-accelerated afiler ~~shell~~. ~~company~~ (asDo ~~defined in~~not ~~Rule~~check ~~12b-2~~if ofa ~~the~~smaller ~~Exchange~~reporting ~~Act~~company). [Smaller ]reporting ~~Yes~~company [ X ~~] No~~

~~APPLICABLE~~Indicate ~~ONLY~~by TOcheck ~~ISSUERS~~mark ~~INVOLVED~~whether INthe ~~BANKRUPTCY~~registrant ~~PROCEEDINGS~~is ~~DURING~~a ~~THE~~shell company (as defined ~~PRECEDING~~in ~~FIVE~~Rule 12b-2 ~~YEARS:~~of the Exchange Act). Yes ..No X

~~NOT~~Number ~~APPLICABLE~~of shares of Common Stock, $.0001 par value, outstanding at August 12, 2009: 52,621,574.

APPLICABLE ONLY TO CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
February 23, 2009: Common- 52,621,574
February 23, 2009: Preferred- 0
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

The Financial Statements of the Registrant required to be filed with this 10-Q Quarterly Report were prepared by management, and commence immediately below, together with Related Notes. In the opinion of management, the Financial Statements fairly present the financial condition of the Registrant.

Pulmo BioTech Inc. and Subsidiary
(A Development Stage Company)
Condensed Consolidated Balance Sheets
		December 31, 2008	March 31, 2008
		(Unaudited)	(Audited)
Assets
Current assets
	Cash and cash equivalents	$16,616	$328,532
	Sales tax refund receivable	14,765	6,739
	Research & development tax credit receivable	261,958	283,829
	Prepaid insurance	117	1,402
Total assets		$293,456	$620,502
Liabilities and Stockholders' (Deficit)
Current Liabilities
	Loan payable-related party	$1,523,671	$1,319,289
	Accounts payable and accrued expenses	296,854	104,968
	Common stock of subsidiary subject to
	mandatory redemption	373,300	446,291
Total current liabilities		2,193,825	1,870,548
Stockholders' (deficit)
Preferred stock, 2,500,000 shares authorized at
$0.0001 par value, none issued or outstanding
Common stock, 250,000,000 shares authorized
at $0.0001 par value, 52,621,574 and 52,622,574
shares, respectively, issued and outstanding		5,262	5,262
Additional paid-in capital		86,929	86,929
Unrealized foreign currency translation loss		(24,729)	(12,750)
Deficit accumulated prior to the development stage		(751,491)	(751,491)
Deficit accumulated during development stage		(1,214,340)	(577,996)
Treasury stock, at cost (1,000 shares of
common stock)		(2,000)
Total stockholders' (deficit)		(1,900,369)	(1,250,046)
Total liabilities and stockholders' (deficit)		$293,456	$620,502
See accompanying notes to consolidated financial statements

Pulmo BioTech Inc. and Subsidiary
(A Development Stage Company)
Condensed Consolidated Statement of Operations
(Unaudited)
			For the Period
			From
			Reactivation
	For the Nine	For the Nine	(March 26, 2001)
	Months Ended	Months Ended	Through
	December 31, 2008	December 31, 2007	December 31, 2008
General and administrative expenses	$404,992	$183,981	$975,960
Research and development expense	255,901	-	261,627
Loss before income taxes	$660,893	$183,981	1,237,587
Provision (credit) for income taxes	(24,549)	-	(23,247)
Net Loss	$636,344	$183,981	$1,214,340
Basic and diluted net loss per common share	($0.01)	($0.13)
Weighted average common shares outstanding, basic and diluted	52,621,574	1,372,574
	For the Three	For the Three
	Months Ended	Months ended
	December 31, 2008	December 31, 2007
General and administrative expenses	$75,693	$82,701
Research and development expense	33,326	-
Loss before income taxes	$109,019	$82,701
Provision (credit) for income taxes	4,361	-
Net Loss	($113,380)	($82,701)
Basic and diluted net loss per common share	*	($0.06)
Weighted average common shares outstanding, basic and diluted	52,621,574	1,372,574
* Less than $0.01, per share
See accompanying notes to consolidated financial statements

Pulmo BioTech Inc. and Subsidiary
(A Development Stage Company)
Condensed Consolidated Statement of Cash Flows
(Unaudited)
				For the Period
				From
				Reactivation
		For the Nine	For the Nine	(March 26, 2001)
		Months Ended	Months Ended	Through
		December 31, 2008	December 31, 2007	December 31, 2008
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		($636,344)	($183,981)	($1,214,340)
Adjustments to reconcile net loss to net cash used
in operating activities:
Shares issued for services rendered		-	-	26,000
	Changes in assets and liabilities
Tax credits receivable		13,825		13,825
Prepaid expenses		1,285		1,285
Accounts payable and other current liabilities		118,915	(4,422)	120,383
Net cash used in operating activities		(502,319)	(188,403)	(1,052,847)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock subscriptions				1,000,000
Stock subscriptions refunded			(900,000)	(900,000)
Due to affiliate			93,539	83,539
Loan payable-related party		204,382	63,246	356,186
Treasury stock		(2,000)		(2,000)
Assumption of liabilities by stockholder				93,914
Net cash provided by financing activities		202,382	($743,215)	631,639
Net increase (decrease) in cash		(299,937)	(931,618)	(421,208)
Cash acquired in merger				462,553
Unrealized foreign currency translation loss		(11,979)		(24,729)
Cash and cash equivalents, beginning of period		328,532	939,777	-
Cash and cash equivalents, end of period		$16,616	$8,159	$16,616
SUPPLEMENTAL DISCLOSURES:
Income taxes paid				$1,255
See accompanying notes to consolidated financial statements

Pulmo BioTech Inc. and Subsidiary
(A Development Stage Company)
Condensed Consolidated Statements of Stockholders' Equity (Deficit)
For the period from Reactivation [March 26, 2001] through December 31, 2008
	Common Stock		Additional Paid-in Capital	Deficit Accumulated Prior to and During Development Stage	Unrealized Translation Gain (Loss)	Treasury Stock		Total Equity (Deficit)
	Shares	Amount				Shares	Amount
March 26, 2001	142,800,000	$14,280	$735,211	($751,491)	-	-	-	($2,000)
Reverse split shares:
April 2, 2001, 1 for 1,428 shares	(142,326,538)	(14,233)	14,233	-	-	-	-	-
October 1, 2001, 1 for 10 shares	(425,888)	(43.00)	43	-	-	-	-	-
Stock issued for expenses at $0.02 per share	925,000	93	17,907	-	-	-	-	18,000
Net loss	-	-	-	(18,100)	-	-	-	(18,100)
Balance at December 31, 2001	972,574	97	767,394	(769,591)	-	-	-	(2,100)
Issued stock for expenses at $0.02 per share	400,000	40	7,960	-	-	-	-	8,000
Net loss	-	-	-	(9,205)	-	-	-	(9,205)
Balance at December 31, 2002	1,372,574	137	775,354	(778,796)	-	-	-	(3,305)
Net loss	-	-	-	(14,695)	-	-	-	(14,695)
Balance at December 31, 2003	1,372,574	137	775,354	(793,491)	-	-	-	(18,000)
Net loss	-	-	-	(24,150)	-	-	-	(24,150)
Balance at December 31,2004	1,372,574	137	775,354	(817,641)	-	-	-	(42,150)
Net loss	-	-	-	(20,564)	-	-	-	(20,564)
Balance at December 31, 2005	1372574	137	775354	(838,205)	-	-	-	(62,714)
Assumption of liabilities by stockholder	-	-	93,914	-	-	-	-	93,914
Net loss	-	-	-	(168,778)	-	-	-	(168,778)
Balance at December 31, 2006	1,372,574	137	869,268	(1,006,983)	-	-	-	(137,578)
Increase in additional paid-in capital due to stock subscription receivable	-	-	100,000	-	-	-	-	100,000
Net loss	-	-	-	(221,217)	-	-	-	(221,217)
Balance at December 31, 2007	1,372,574	137	969,268	(1,228,200)	-	-	-	(258,795)
Shares issued for acquisition of Lumen	51,250,000	5,125	641,752	(1,524,091)	-	-	-	(877,214)
Deficit of Lumen on acquisition	-	-	(1,524,091)	1,524,091	-	-	-	-
Unrealized foreign currency translation loss	-	-	-	-	(12,750)	-	-	(12,750)
Net loss	-	-	-	(101,287)	-	-	-	(101,287)
Balance at March 31, 2008	52,622,574	5,262	86,929	(1,329,487)	(12,750)	-	-	(1,250,046)
Treasury stock acquired at $2 per share	(1,000)	-	-	-	-	1,000	(2,000)	(2,000)
Unrealized foreign currency translation loss	-	-	-	-	(11,979)	-	-	(11,979)
Net loss, December 31, 2008 (Unaudited)	-	-	-	(636,344)	-	-	-	(636,344)
Balance at December 31, 2008 (Unaudited)	52,621,574	$5,262	$86,929	($1,965,831)	($24,729)	1,000	($2,000)	($1,900,369)
See accompanying notes to consolidated financial statements

Pulmo BioTech Inc. and Subsidiary

(A Development Stage Company)

Condensed Consolidated Balance Sheets

		June 30, 2009	March 31, 2009
		(Unaudited)	(Audited)
Assets
Current assets
	Cash and cash equivalents	$ 26,561	$ 49,549
	Sales tax refund receivable	11,358	7,755
	Research and development tax credit receivable	27,696	44,107
	Prepaid expenses	992	-
Total assets		$ 66,607	$ 101,411

Liabilities and Stockholders' Deficit
Current Liabilities
	Loan payable - related parties	$ 1,633,671	$ 1,563,671
	Accounts payable and accrued expenses	241,907	233,540
	Common stock of subsidiary subject to mandatory redemption	394,832	365,271

Total liabilities		2,270,410	2,162,482

Stockholders' deficit
Preferred stock, 2,500,000 shares authorized at $0.0001 par value, none issued or outstanding		-	-
Common stock, 250,000,000 shares authorized at $0.0001 par value, 52,622,574 shares issued and outstanding, respectively		5,262	5,262
Additional paid-in capital		86,929	86,929
Unrealized foreign currency translation loss		(54,093)	(25,768)
Deficit accumulated prior to the development stage		(751,491)	(751,491)
Deficit accumulated during development stage		(1,289,474)	(1,193,867)
Treasury stock, at cost, 1,000 shares, respectively		(2,000)	(2,000)
Total majority interest shareholders' deficit		(2,004,867)	(1,880,935)
Noncontrolling deficit		(198,936)	(180,136)
Total stockholders' deficit		(2,203,803)	(2,061,071)

Total liabilities and stockholders' deficit		$ 66,607	$ 101,411

See accompanying notes to unaudited condensed consolidated financial statements

Pulmo BioTech Inc. and Subsidiary

(A Development Stage Company)

Condensed Consolidated Statement of Operations

(Unaudited)

	For the Three Months Ended		For the Period From Reactivation (March 26, 2001) Through
	June 30, 2009	June 30, 2008	June 30, 2009


General and administrative expenses	$ 81,104	$ 206,829	$ 1,130,887

Research and development expenses	35,034	127,364	381,973

Loss before income taxes	116,138	334,193	1,512,860

Benefit for income taxes	(1,731)	(9,900)	(24,450)

Net Loss	114,407	324,293	1,488,410

Net loss attributable to noncontrolling interest	(18,800)	(93,904)	(198,936)

Net loss attributable to Pulmo BioTech, Inc.	$ (95,607)	$ (230,389)	$ (1,289,474)

Basic and diluted net loss per common share	*	($0.00)

Weighted average common shares outstanding, basic and diluted	52,621,574	52,622,574

* less than $0.01 per share

See accompanying notes to unaudited condensed consolidated financial statements

Pulmo BioTech Inc. and Subsidiary

(A Development Stage Company)

Condensed Consolidated Statement of Cash Flows

(Unaudited)

		For the Three Months Ended		For the Period From Reactivation (March 26, 2001) Through
		June 30, 2009	June 30, 2008	June 30, 2009

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss		$ (95,607)	$ (230,389)	$ (1,289,474)
Adjustments to reconcile net loss to net cash used
in operating activities:
Shares issued for services rendered		-	-	26,000
Net loss attributable to noncontrolling interest		(18,800)	(93,904)	(198,936)
	Changes in assets and liabilities:
Tax credits receivable		17,005	(15,763)	249,933
Prepaid expenses		(992)	409	992
Accounts payable and accrued expenses		1,950	109,396	87,947

Net cash used in operating activities		(96,444)	(230,251)	(1,123,538)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock subscriptions		-	-	1,000,000
Stock subscriptions refunded		-	-	(900,000)
Due to affiliate		-	-	83,539
Loan payable-related party		70,000	(45,619)	466,186
Purchase of treasury stock		-	-	(2,000)
Assumption of liabilities by stockholder		-	-	93,914
Net cash provided by (used in) financing activities		70,000	(45,619)	741,639

Net increase (decrease) in cash		(26,444)	(275,870)	(381,899)
Cash acquired in merger		-	-	462,553
Unrealized foreign currency translation loss		3,456	(1,061)	(54,093)
Cash and cash equivalents, beginning of period		49,549	328,532	-
Cash and cash equivalents, end of period		$ 26,561	$ 51,601	$ 26,561

SUPPLEMENTAL DISCLOSURES:
Income taxes paid		$ -	$ -	$ 1,255

See accompanying notes to unaudited condensed consolidated financial statements

Pulmo BioTech Inc. and Subsidiary

(A Development Stage Company)

Condensed Consolidated Statements of Stockholders' Equity (Deficit)

For the period from Reactivation [March 26, 2001] through June 30, 2009

Total
Deficit

Common
Stock
Shares

Amount

Additional
Paid-in
Capital

Deficit
Accumulated
Prior to and
During
DevelopmentStage

Unrealized

Translation

Gain (Loss)

Treasury Stock

Non-
controlling
Interest

Shares

Amount

March 26, 2001

($2,000)

142,800,000

$14,280

$735,211

($751,491)

-

-

-

-

Reverse split shares:

April 2, 2001, 1 for 1,428 shares

-

(142,326,538)

(14,233)

14,233

-

-

-

-

-

October 1, 2001, 1 for 10 shares

-

(425,888)

(43.00)

43

-

-

-

-

-

Stock issued for expenses at $0.02 per share

18,000

925,000

93

17,907

-

-

-

-

-

Net loss

(18,100)

-

-

-

(18,100)

-

-

-

-

Balance at December 31, 2001

(2,100)

972,574

97

767,394

(769,591)

-

-

-

-

Issued stock for expenses at $0.02 per share

8,000

400,000

40

7,960

-

-

-

-

-

Net loss

(9,205)

-

-

-

(9,205)

-

-

-

-

Balance at December 31, 2002

(3,305)

1,372,574

137

775,354

(778,796)

-

-

-

-

Net loss

(14,695)

-

-

-

(14,695)

-

-

-

-

Balance at December 31, 2003

(18,000)

1,372,574

137

775,354

(793,491)

-

-

-

-

Net loss

(24,150)

-

-

-

(24,150)

-

-

-

-

Balance at December 31,2004

(42,150)

1,372,574

137

775,354

(817,641)

-

-

-

-

Net loss

(20,564)

-

-

-

(20,564)

-

-

-

-

Balance at December 31, 2005

(62,714)

1372574

137

775354

(838,205)

-

-

-

-

Assumption of liabilities by stockholder

93,914

-

-

93,914

-

-

-

-

-

Net loss

(168,778)

-

-

-

(168,778)

-

-

-

-

Balance at December 31, 2006

(137,578)

1,372,574

137

869,268

(1,006,983)

-

-

-

-

Increase in additional paid-in capital due to stock

subscription receivable

100,000

-

-

100,000

-

-

-

-

-

Net loss

(221,217)

-

-

-

(221,217)

-

-

-

-

Balance at December 31, 2007

(258,795)

1,372,574

137

969,268

(1,228,200)

-

-

-

-

Shares issued for acquisition of Lumen

(877,214)

51,250,000

5,125

641,752

(1,524,091)

-

-

-

-

Deficit of Lumen on acquisition

-

-

-

(1,524,091)

1,524,091

-

-

-

-

Unrealized foreign currency translation loss

(12,750)

-

-

-

-

(12,750)

-

-

-

Net loss

(101,287)

-

-

-

(86,884)

-

-

-

(14,403)

Balance at March 31, 2008

(1,250,046)

52,622,574

5,262

86,929

(1,315,084)

(12,750)

-

-

(14,403)

Treasury stock acquired at $2 per share

(2,000)

-

-

-

-

-

(1,000)

(2,000)

-

Unrealized foreign currency translation loss

(13,018)

-

-

-

-

(13,018)

-

-

-

Net loss

(796,007)

-

-

-

(630,274)

-

-

-

(165,733)

Balance at March 31, 2009

(2,061,071)

52,622,574

5,262

86,929

(1,945,358)

(25,768)

(1,000)

(2,000)

(180,136)

Unrealized foreign currency translation loss

(28,325)

-

-

-

-

(28,325)

-

-

-

Net loss, June 30, 2009

($114,407)

-

-

-

($95,607)

-

-

(18,800)

Balance at June 30, 2009

$(2,203,803)

52,622,574

$ 5,262

$86,929

$(2,040,965)

$(54,093)

(1,000)

$(2,000)

$ (198,936)

See accompanying notes to unaudited condensed consolidated financial statements

Pulmo BioTech, Inc. and Subsidiary

(A Development Stage Company)

Notes to Unaudited Condensed Consolidated Financial Statements

NOTE 1 - ORGANIZATION

Pulmo BioTech Inc. (~~formerly Acorn Acquisition Corp.) (~~the "Company") was incorporated under the laws of the state of Delaware on July 20, 2006 by its then parent, Syntony Group, Inc. The Company ~~was~~is ~~formed~~currently toin the development stage and is ~~enable~~continuing ~~Syntony~~to ~~Group,~~develop ~~Inc~~its planned principal operations. toIn ~~merge~~accordance ~~into~~with such plans, the Company, ~~thus~~recently ~~effecting~~completed a ~~reincorporation~~ inmerger ~~Delaware.~~on InFebruary ~~July~~28, ~~2005~~2008, ~~the~~pursuant ~~Company~~to Plan ~~incorporated~~of ~~its~~Merger ~~wholly owned~~with ~~subsidiary~~Lumen Medical, ~~Syntony Acquisition Corp~~Inc. (~~the~~"Lumen") (see "~~Subsidiary~~Acquisition" below), ~~under the~~which ~~laws~~was ofentered ~~the~~into ~~State~~on ofOctober ~~Nevada~~1, 2007. The Merger ~~Subsidiary~~Agreement ~~issued~~provided ~~1,000~~for ~~shares~~a atbusiness acombination ~~par~~whereby Lumen was merged ~~value~~with and into the Company in accordance with the terms of $1the Merger Agreement, with the Company continuing as the surviving corporation (the "Merger").~~00.~~ Pursuant ~~The~~to ~~Subsidiary~~the ~~was~~Merger, ~~formed~~the stockholders of Lumen received in exchange for all of the ~~sole~~outstanding ~~purpose~~shares of ~~merging~~Lumen ~~with~~an aggregate of ~~another~~51,250,000 ~~company~~shares of common stock, $0.0001 ~~The~~par ~~Company~~value isper inshare, of the ~~development~~Company. Simultaneous ~~stage~~with ~~and~~the isMerger, ~~developing~~the Company changed its ~~planned~~ ~~principal~~name ~~operations~~to Pulmo BioTech, Inc. ~~Financing~~From inception to date, financing for the Company's activities ~~to date~~ has ~~been~~ been provided primarily by the issuance of stock and by advances from ~~stockholders~~ stockholders and anrelated ~~affiliate.~~parties (see Note 43).

On October 1, 2007, the Company entered into an Agreement and Plan of Merger with Lumen Medical, Inc. ("Lumen"). The Merger Agreement provided for a business combination whereby Lumen was merged with and into the Company in accordance with the terms of the Merger Agreement, with the Company continuing as the surviving corporation (the "Merger"). On February 29, 2008, the transaction was completed. Pursuant to the Merger, the stockholders of Lumen received in exchange for all of the outstanding shares of Lumen an aggregate of 51,250,000 shares of common stock, $0.0001 par value per share of the Company, the Company changed its name to Pulmo BioTech Inc. and changed its trading symbol from ACAQ to PLMO.ACQUISITION

The acquisition of Lumen has been recorded under the purchase method of accounting. As both the Company and Lumen are under common ownership, the assets and liabilities of Lumen and its Canadian subsidiary, PulmoScience, Inc., were recorded at their historical cost and the operations of Lumen are reflected in the financial statements at their historical amounts. Each outstanding share of Lumen received 3,125 shares of common stock of the Company. At February 29, 2008, Lumen's liabilities exceeded its assets by $877,214. This excess has been reflected as a reduction of additional paid in capital.

Lumen was incorporated on February 23, 2006 as a vehicle to invest in North American businesses. On July 27, 2006, Lumen identified PulmoScience, Inc. ("PulmoScience") as the subject for investment and during 2006 increased its ownership of PulmoScience to 51% ~~and in June 2008, increased its ownership in PulmoScience to 61% (See Note 7)~~. PulmoScience is a development stage biotechnology company that is developing a noninvasive Molecular Imaging solution for the diagnosis of Pulmonary Embolism, Pulmonary Hypertension, and Lung Inflammatory diseases. This new diagnostic methodology is called PulmoBind. PulmoBind uses an intravenously delivered ~~radionucleide~~radionuclide tagged molecule which specifically bonds to the inner walls of the circulatory system in the lungs, and by the use of an external Gamma Camera allows an image of the integrity of the blood vessels throughout the lungs to be seen by a diagnostic clinician.

PulmoScience was initially owned 51% by the Company with the remainder of the equity shared between Innovacor (a subsidiary of the Montreal Heart Institute) and Dr. Jocelyn Dupuis (the originator of the PulmoBind Molecular Imaging technology). The Company had an option to increase its stake in PulmoScience to 61% with the payment of an additional $200,000 (Canadian). On June 17, 2008, the Company exercised this option by the cancellation of its loan receivable from PulmoScience in exchange for 2,564,102 shares of common stock of PulmoScience.

The Company also has an option to purchase the 39% remaining noncontrolling interest in PulmoScience (the "39% Option") for $10,000,000 (Canadian) (the "39% Option Price"). The Company has the option to pay the 39% Option Price in the form of its publicly traded shares having an aggregate market value equal to the 39% Option Exercise Price based on the weighted average price of the Company's publicly traded shares during the 30-days preceding the exercise of the 39% Option converted into Canadian Dollars at the spot rate as published by the Bank of Nova Scotia on the last trading date immediately preceding the exercise of the 39% Option.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The unaudited condensed consolidated financial statements include all the accounts of the Company and its subsidiary. All material intercompany balances and transactions have been eliminated.

The accompanying unaudited condensed consolidated financial ~~statements~~ statements have been prepared in accordance with accounting principles generally ~~accepted~~ accepted in the United States for interim financial statements and with the rules and regulations of the Securities and Exchange Commission for Form 10-Q. Accordingly, they do not include all information and notes required by accounting principles generally accepted in the United States for complete financial statement presentation. In the opinion of management all adjustments (consisting of normal recurring accruals) considered necessary to present fairly the financial position, results of operations and cash flows for the interim periods have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company together with the Company's management discussion and analysis in the Company's March 31, ~~2008~~2009 Form 10-K. Interim results are not necessarily indicative of the results for afuture ~~full~~interim periods or for the full year.

Fiscal Year Change

On May 13, 2008, the Board of Directors of the Company approved a change in the Company's fiscal year end from December 31 to March 31, effective March 31, 2008.

Research and Development Costs

Research and development costs are expensed as incurred. Amounts in connection with Canadian government assistance programs, such as investment tax credits for research and development costs, are reflected as income tax credits (benefits) when the costs are incurred, provided the Company is is reasonably certain that the credits will be received based on their refundable nature. ~~The~~Non-refundable credits can be carried forward and serve to reduce future fiscal period taxes in profitable periods. Furthermore, the investment tax credits for research and development costs must be examined and approved by the applicable Canadian tax authorities prior to payment of the cost reimbursement, or determination of the carryforward value. It is possible that the amounts granted will differ from the amounts received.

Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value Measurement

Effective January 1, 2008, the Company adopted both SFAS 157 and SFAS 159 without any effect.

New Accounting Pronouncements

~~Management~~In ~~does~~December ~~not~~2007, ~~believe~~the ~~that~~FASB ~~any~~issued ~~recently~~SFAS ~~issued~~No. 160, ~~but~~'"Noncontrolling Interests ~~not~~in Consolidated Financial Statements - an amendment of ARB No. ~~yet~~51". ~~effective~~The objective of this Statement is to improve the relevance, comparability, and transparency of the financial information that a reporting entity provides in its consolidated financial statements by establishing accounting ~~pronouncements~~and reporting standards that require the following changes. The ownership interests in subsidiaries held by parties other than the parent be clearly identified, iflabeled, ~~adopted~~and presented in the consolidated statement of financial position within equity, ~~would~~but ~~have~~separate from the parent's equity. The amount of consolidated net income (loss) attributable to the parent and to the noncontrolling interest be clearly identified and presented on the face of the consolidated statement of operations. When a ~~material~~subsidiary is deconsolidated, any ~~effect~~retained noncontrolling equity investment in the former subsidiary is initially measured at fair value. The gain or loss on the ~~accompanying~~deconsolidation ~~financial~~of the subsidiary is measured using the fair value of any noncontrolling equity investment rather than the carrying amount of that retained investment and entities provide sufficient disclosures that clearly identify and distinguish between the interests of the parent and the interests of the noncontrolling owners. The Company has adopted SFAS No. 160 effective April 1, 2009, and its impact is reflected in the attached unaudited condensed consolidated financial statements.

In December 2007, the FASB issued SFAS No. 141(R), "Business Combinations - Revised," that improves the relevance, representational faithfulness, and comparability of the information that a reporting entity provides in its financial reports about business combinations and their effects. To accomplish that, this statement establishes principles and requirements how the acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree, recognizes and measures the goodwill acquired in the business combination or a gain from a bargain purchase, and determines what information to disclose to enable users of the financial statements to evaluate the nature and financial effects of the business combination. The Company has adopted SFAS No. 141(R) effective April 1, 2009. Based on the absence of any business combination activity subsequent to March 31, 2009, the adoption of SFAS No. 141(R) has not had an effect on the Company's financial statements.

In May 2009, the FASB issued SFAS No. 165, "Subsequent Events" (SFAS No. 165). SFAS No. 165 requires an entity to recognize in the financial statements the effects of all subsequent events that provide additional evidence about conditions that existed at the date of the balance sheet. For nonrecognized subsequent events that must be disclosed to keep the financial statements from being misleading, an entity will be required to disclose the nature of the event as well as an estimate of its financial effect, or a statement that such an estimate cannot be made. In addition, SFAS No. 165 requires an entity to disclose the date through which subsequent events have been evaluated. SFAS No. 165 is effective for the Company beginning in the first quarter of fiscal year 2010 and is required to be applied prospectively. The Company adopted SFAS No. 165 in May 2009.

In June 2009, the Financial Accounting Standards Board ("FASB") issued SFAS No. 168, "FASB Accounting Standards Codification" ("Codification" or "SFAS 168") as the single source of authoritative non-governmental U.S. GAAP which was launched on July 1, 2009. Other than resolving certain minor inconsistencies in current GAAP, the Codification does not change GAAP. The Codification is a new structure which takes accounting pronouncements and organizes them by approximately ninety accounting topics. The Codification will be the single source of authoritative U.S. GAAP. All guidance included in the Codification will be considered authoritative at that time, even guidance that comes from what is currently deemed to be a non-authoritative section of a standard. Upon the Codification becoming effective, all non-grandfathered, non-SEC accounting literature not included in the Codification will become non-authoritative. The Codification is effective for interim and annual periods ending after September 15, 2009. The Codification is for disclosure only and will not impact the Company's financial condition or results of operations. The Company is currently evaluating the impact to its financial reporting process of providing Codification references in its public filings.

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying unaudited condensed consolidated financial statements.

Foreign Currency Translation

Monetary assets and liabilities in foreign currency are translated at the exchange rate in effect at the balance sheet date, whereas other assets and liabilities are translated at the transaction date. Income and expenses in foreign currency are translated at the exchange rate in effect at the transaction date. Gains and losses are included in income. The financial statements and transactions of PulmoScience were translated from their functional Canadian currency into U.S. currency using the convenience translation method whereby all Canadian amounts were converted into U.S. dollars at the noon exchange rate quoted by the Bank of Canada as of the balance sheet date.

Reclassifications

Prior period amounts have been reclassified where necessary to conform with current presentation and to aid in comparability.

NOTE 3 - GOING CONCERN

The financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred losses from inception, has a net working capital deficiency, and has had no operating revenue sources through ~~December~~June 3130, ~~2008~~2009. ~~Financing~~Since inception, the source of financing for the Company's activities ~~to date~~ has primarily been ~~the result of borrowing~~ from a stockholder and ~~others.~~related ~~The~~party stockholder has stated that it will continue to provide funding to the Company on an as needed basis during the coming 12 month period if the Company is unable to raise debt or equity funds from financial institutions or other accredited investorsborrowings.

A certain stockholder has committed to continue the funding of deficit operations during the 12 month period following the release of this report on Form 10-Q, or until such time that the Company obtains debt or equity financing from financial institutions or other accredited investors.

The Company's management iscontinues ~~planning~~ to actively plan and to seek additional sources of debt or equity financing and continues to plan on developing cash ~~flow~~flows through future fiscal period product development ~~and~~ and sales. There can be no assurance that management will be successful in its efforts or at favorable terms.

These factors raise substantial doubt about the Company's ability to continue as a going concern. Its ability to continue as a going concern is dependent upon the ability of the Company to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue.

NOTE 4 - STOCKHOLDER LOAN RELATED PARTY PAYABLE

As of ~~December~~June 3130, ~~2008~~2009, the Company and its subsidiary had borrowed an aggregate of $1,~~523~~563,~~671~~670 from a significant stockholder. The loans were non interest bearing and payable upon demand. Subsequent to June 30, 2009, such stockholder made additional noninterest bearing advances of $ 40,000 to the Company.

~~For~~As ~~the~~of ~~three~~June ~~and~~30, ~~nine~~2009, ~~months~~the ~~ended~~Company ~~December~~and ~~31,~~its ~~2008,~~subsidiary ~~the~~had ~~Company~~borrowed ~~incurred~~an ~~legal~~aggregate ~~expense~~of ~~due~~$0 tofrom an ~~officer~~affiliate. ofThe ~~the~~loans ~~Company~~were ~~for~~non $0interest bearing and ~~$20,625,~~ ~~respectively~~payable upon demand.

For the three ~~and nine~~ months ended ~~December~~June 3130, 2009 and 2008, the Company incurred ~~consulting~~legal ~~fees~~expense ofdue ~~$22,032~~to ~~and~~an ~~$111,257,~~officer ~~respectively,~~of tothe a Company ~~controlled~~for by$-0- anand $9,500, ~~officer/ stockholder~~respectively.

For the three ~~and nine~~ months ended ~~December~~June 3130, 2009 and 2008, ~~the~~ the Company incurred management fees of $024,686 and $1845,~~000~~605, respectively, to a ~~former~~company controlled by an officer/stockholder.

For the ~~nine~~three months ended ~~December~~June 3130, ~~2008,~~2009 ~~PulmoScience incurred $28,306 in consulting fees to a company that provides software~~ and ~~hardware~~ ~~solutions for commercial and medical events~~2008, ~~owned by a director and~~the Company incurred ~~$72,253~~management ~~in consulting~~ fees toof ~~a company owned by a director/officer. In addition, for the nine months ended December 31, 2008,~~ $~~214,697~~-0- ~~was incurred in research fees~~ and $9918,~~439~~000, ~~in consulting fees~~ respectively, to ~~MHI,~~ a former stockholder ~~of PulmoScience~~.

For the three months ended June 30, 2009 and 2008, PulmoScience incurred $-0- and $11,378, respectively, in consulting fees to a company that provides software and hardware solutions for commercial and medical events, owned by a director and incurred $15,146 and $17,325, respectively, in consulting fees to a company owned by a director/officer. In addition, for the three months ended June 30, 2009 and 2008, $19,888 and $110,039 was incurred in research fees.

NOTE 5 - INCOME TAXES

Effective January 1, 2007, the Company adopted the provisions of Financial Accounting Standards Board (FASB) Interpretation No. 48, "Accounting for Uncertainty in Income Taxes, an interpretation of FASB Statement No. 109" (FIN 48). FIN 48 clarifies the accounting for uncertainty in income taxes recognized in the Company's financial statements in accordance with FASB Statement 109, "Accounting for Income Taxes", and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. FIN 48 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

Management has evaluated and concluded that there are no ~~significant~~ significant uncertain tax positions requiring recognition in the Company's ~~consolidated~~ consolidated financial statements. The Company's policy is to classify assessments, if any, for tax related interest as interest expenses and tax related penalties as general and administrative expenses.

~~The~~NOTE ~~Company's~~6 ~~policy~~- isNONCONTROLLING ~~to classify assessments, if any, for tax related interest as interest expenses and tax related penalties as general and administrative expenses.~~INTEREST

~~NOTE~~In 6accordance -with ~~FAIR~~the ~~VALUE~~merger ~~MEASUREMENT~~completed on February 28, 2008, with Lumen (all as more fully described in Note 1, above), whereby Lumen was merged with and into the Company in a business combination. Lumen at the time of the merger owned 51% of PulmoScience. The Company had an option to increase its stake in PulmoScience to 61%, and exercised such option in fiscal 2009. The 39% of PulmoScience which the Company does not own represents the noncontrolling interest.

~~Effective~~NOTE ~~January~~7 1,- ~~2008,~~SUBSEQUENT ~~the Company adopted both FAS 157 and FAS 159 without any effect.~~EVENT

~~Statement~~Subsequent ofEvents ~~Financial~~have ~~Accounting~~been ~~Standards~~evaluated ~~(SFAS)~~through ~~No.~~August ~~157~~19, ~~"Fair Value Measurements"~~2009, ~~(SFAS 157) defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. SFAS 157 applies to other accounting pronouncements that require~~ the ~~use~~date ~~of fair value measurements. A fair value measurement assumes that~~ the ~~transaction~~ tofinancial ~~sell~~statements anwere ~~asset or transfer a liability occurs in the principal market for the asset or liability, or, in the absence of a principal market, the most advantageous market for the asset or liability~~issued.

SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities - Including an amendment of FASB Statement 115", (SFAS 159) 159 permits an entity to elect to measure various financial instruments and certain other items at fair value that are not currently required to be measured at fair value. Unrealized gains and losses on items for which the fair value option has been elected should be reported in earnings at each subsequent reporting date.
NOTE 7 - MINORITY INTEREST
Innovacor Limited Partnership ("ILP") received 3,185,000 shares of PulmoScience in exchange for granting PulmoScience an exclusive sublicense agreement. The fair value of the shares issued to ILP of $676,854 was charged to operations as the acquisition, and write down of the sublicense. On July 27, 2006, PulmoScience issued 1,715,000 of its common shares to Dr. Jocelyn Dupuis (the originator of the PulmoBind Molecular Imaging technology) for cash of $15 and $364,445 in services regarding research and development costs for a total of $364,460 which represents the fair value of the shares issued on that date. The excess of redemption amount over common shares value of $31,239 was charged to operations at the time issued. These common shares are subject to mandatory redemption upon the death of the stockholder and are adjusted by changes in foreign currency translation.
Through June 17, 2008, PulmoScience was owned 51% by the Company with the remainder of the equity shared between ILP and Dr. Jocelyn Dupuis. The Company had an option to increase its stake in PulmoScience to 61% with the payment of an additional $200,000 (Canadian). On June 17, 2008, the Company exercised this option by the cancellation of its loan receivable from PulmoScience in exchange for 2,564,102 shares of common stock of PulmoScience.
The Company also has an option to purchase the 39% remaining minority interest in PulmoScience (the "39% Option") for $10,000,000 (Canadian) (the "39% Option Price"). The Company has the option to pay the 39% Option Price in the form of its publicly traded shares having an aggregate market value equal to the 39% Option Exercise Price based on the weighted average price of the Company's publicly traded shares during the 30 days preceding the exercise of the 39% Option converted into Canadian Dollars at the spot rate as published by the Bank of Nova Scotia on the last trading date immediately preceding the exercise of the 39% Option.
As of December 31, 2008, losses incurred by PulmoScience exceed the minority interest of the investment of $676,854 and no minority interest has been recorded. Minority interest will be reinstated when the income exceeds the unrecognized minority losses.
NOTE 8-TREASURY STOCK
In August, 2008 a former officer of the Company had sold his 1,000 shares of common stock for $2 per share to the Company. The Company has recorded this acquisition of stock as Treasury stock.
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-looking Statements

~~Statements~~The statements made in this Quarterly Report which are not ~~purely~~ purely historical are forward-looking statements with respect to the goals, plan objectives, intentions, expectations, financial condition, results of operations, future performance and business of the Company, including, without limitation, (i) the Company's ability to raise capital, and (ii) statements preceded by, followed by or that include the words "may", "would", "could", "should", "expects", "projects", "anticipates", "believes", "estimates", "plans", "intends", "targets" or similar expressions.

Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond the Company's control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following, general economic or industry conditions, nationally and/or in the communities in which the Company may conduct business, changes in the interest rate environment, legislation or regulatory requirements, conditions of the securities markets, the Company's ability to raise capital, changes in accounting principles, policies or guidelines, financial or political instability, acts of war or terrorism, other economic, competitive, governmental, regulatory and technical factors affecting the Company's operations, products, services and prices.

Accordingly, results actually achieved may differ materially from expected results in these statements. Forward-looking statements speak only as of the date they are made. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statement.

Plan of Operation

Our plan of operation for the next twelve months ~~after the consummation in June 2008 of the exercise of our option increasing our ownership of PulmoScience from 51% to 61%~~ is to concentrate on advancing PulmoScience's PulmoBind technology toward regulatory approval and commercialization.

We will be required to raise additional funds in the next 12 months in order to continue in existence. ~~Since~~Recently, the ~~Change~~funds inrequired ~~Ownership referred~~ to support ~~in Note D to the Notes to Consolidated Financial Statements included in~~ our ~~Annual~~ ~~Report~~operations onand ~~Form~~research ~~10-K~~and ~~for~~development ~~the~~efforts ~~year ended March 31, 2008, the funds required~~ have been provided by our principal stockholder, Tendall FZCO. While Tendall is not obligated to continue providing funding to our Company, it has advised us that it will continue to do so during the next 12 months, following the release of this filing on Form 10-Q, until the Company is able to raise debt or equity funds from financial institutions of accredited investors.

Results of Operations

The Company had no revenues for the ~~nine~~three months ended ~~December~~June 3130, ~~2008~~2009 and ~~2007~~2008, and the Company incurred net losses of ($~~636~~114,~~344~~407) ~~and~~ and ($~~183~~324,~~981~~293), respectively. General and administrative expense ~~increased~~decreased by $~~221~~125,~~011~~725 for the ~~nine~~three months ended ~~December~~June 3130, ~~2008~~2009 as compared to the ~~2007~~2008 period, primarily as a result of ana ~~increase~~decrease in legal and accounting expenses. Research and development expense was $~~255~~35,~~901~~034 for the ~~nine~~three months ended ~~December~~June 3130, ~~2008~~2009, as compared to ~~none~~$127,364 in the ~~2007~~2008 period.

The Company has generated no profit since reactivation. on March 26, 2001. Cumulative losses total ($1,~~214~~488,~~340)~~409 since the Company's ~~reactivation on March~~ ~~26, 2001~~reactivation. Primarily, these losses are the result of legal and accounting expenses, in addition to research and development expense of $~~255~~381,~~901~~972.

Liquidity

At ~~December~~June 3130, ~~2008~~2009, the Company had $1626,~~616~~561 in cash resources. While the Company's cash resources at ~~December~~June 3130, ~~2008~~2009 were not sufficient to pay the Company's accounts payable and accrued expenses at that date or to provide for the expected expenses of the Company during the next 12 months, Tendall FZCO has confirmed to the Company that it will continue to provide funding to the Company on an as needed basis during such 12 month period if the Company is unable to raise debt or equity funds from financial institutions or other accredited investors.

Off-balance sheet arrangements

We had no off -balance sheet arrangements as of ~~December~~June 3130, ~~2008~~ 2009 or during the quarter then ended.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

We have no market risk sensitive instruments.

Item 4T. Controls and Procedures.

Evaluation of Controls and Procedures

As of the end of the period covered by this Quarterly Report, we carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer concluded that information required to be disclosed is recorded, processed, summarized and reported within the specified periods and is accumulated and communicated to management, including our Chief Executive Officer and our Chief Financial Officer, to allow for timely decisions regarding required disclosure of material information required to be included in our periodic Securities and Exchange Commission reports. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving their objectives and our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures are effective to a reasonable assurance level of achieving such objectives. However, it should be noted that the design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions, regardless of how remote. In addition, we reviewed our internal controls over financial reporting, and there have been no changes in our internal controls or in other factors in the last fiscal quarter that has materially affected our internal controls over financial reporting.

Changes in Internal Control over Financial Reporting

We had no changes in our internal control over financial reporting during the period covered by this Quarterly Report.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.

None; not applicable.

Item1A. Risk Factors.

Not Applicable

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. Recent Sales of Unregistered Securities.

Except as set forth below in our previous filings with the Securities and Exchange Commission, we have not sold any unregistered securities during the last three years.

Use of Proceeds of Registered Securities

There were no proceeds received during the ~~nine~~three month period ending ~~December 31~~June 30, ~~2008~~2009, from the sale of registered securities of the Company because we did not register under the Securities Act of 1933, ~~the~~nor ~~sale~~did ofwe have any sales securities during such period.

Purchases of Equity Securities by Us and Affiliated Purchasers

~~In August, 2008, we purchased 1,000 shares of Common Stock of the Company for a price of $2 per share from a former officer. This acquisition was recorded as treasury stock.~~None

Item 3. Defaults upon Senior Securities.

None; not applicable.

Item 4. Submission of Matters to a Vote of Security Holders.

None; not applicable.

Item 5. Other Information.

(a) This Quarterly Report does not include any information required to be disclosed in a report on Form 8-K during the period covered by this Quarterly Report.

(b) During the period covered by this Quarterly Report, our Board of Directors consisted of Garry McCann and Ian Ilsley, with one vacancy. Mr. McCann is an interested director, but Mr. Ilsley is an independent director. When we fill the vacancy on our Board of Directors, it will be with an independent director.

We have not established an Audit Committee, a Nominating Committee or a Compensation Committee because, due to our lack of operations and the fact that we only have only two directors, we believe that our Board of Directors is able to effectively manage the issues normally considered by those committees. If we do establish one or more of these committees, we will disclose this change in a public filing.

Item 6. Exhibits

(a) Exhibits and index of Exhibits.

Exhibit No.	Description
31.1	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Chief Executive and Chief Financial Officers Pursuant to 18 U.S.C. Section 1350

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this Quarterly Report to be signed on its behalf by the undersigned, thereunto duly authorized.

	PULMO BIOTECH INC.
Date: February 23, 2009	By: /s/ Garry McCann
Date: August 19, 2009	By: /s/ Garry McCann
	Garry McCann, President and Chief Executive Officer
Date: February 23, 2009	By: /s/ Rajiv Garg
Date: August 19, 2009	By: /s/ Rajiv Garg
	Rajiv Garg, Chief Financial Officer

Exhibit 31.1

I,CERTIFICATION ~~Garry~~PURSUANT ~~McCann,~~TO ~~certify~~SECTION ~~that:~~302 OF THE SARBANES-OXLEY ACT OF 2002

1. I, ~~have~~Garry ~~reviewed this Quarterly Report of Pulmo BioTech Inc. (the "Registrant") on Form 10-Q for the period ended December 31~~McCann, ~~2008,~~certify ~~as filed with the Securities and Exchange Commission on the date hereof (this "Report");~~that:

21. ~~Based~~I onhave myreviewed ~~knowledge,~~ this Quarterly Report ~~does not contain any untrue statement~~ of aPulmo ~~material~~BioTech ~~fact~~Inc. or(the ~~omit~~"Registrant") on toForm ~~state~~10-Q afor ~~material~~the ~~fact~~period ~~necessary to~~ended ~~make~~June ~~the~~30, ~~statements made~~2009, inas ~~light~~filed ofwith the ~~circumstances under which such~~Securities ~~statements~~and ~~were~~Exchange ~~made,~~Commission ~~not~~on ~~misleading with respect to~~ the ~~period~~date ~~covered~~hereof by (this "Report");

32. Based on my knowledge, ~~the~~this ~~financial~~Report ~~statements,~~does ~~and~~not ~~other financial~~contain ~~information~~any ~~included~~untrue instatement of ~~this~~a ~~Report,~~material ~~fairly~~fact ~~present~~or inomit ~~all~~to state a material ~~respects~~ ~~the~~fact ~~financial~~necessary ~~condition~~to make the statements made, ~~results~~in light of ~~operations~~the ~~and~~circumstances ~~cash~~under ~~flows~~which ofsuch ~~the~~statements were ~~Registrant~~made, asnot ~~of,~~misleading ~~and~~with ~~for,~~respect to the ~~periods~~period ~~presented~~covered inby this Report;

43. ~~The~~Based ~~Registrant's~~on ~~other~~my ~~certifying~~knowledge, ~~officer~~the ~~and~~financial Istatements, ~~are responsible for establishing~~ and ~~maintaining~~other ~~disclosure controls and procedures~~financial ~~(as~~information ~~defined~~included in ~~Exchange~~this ~~Act~~Report, ~~Rules~~fairly ~~13a-1~~present ~~5(e)~~in ~~and~~all ~~15d-~~material ~~15(e))~~respects ~~and internal~~the ~~control~~financial ~~over~~condition, ~~financial~~results ~~reporting~~of ~~(as~~operations ~~defined~~and incash ~~Exchange~~flows ~~Act~~of ~~Rules~~the ~~13a-15(f)~~Registrant ~~and~~as ~~15d-15(f))~~of, and for, the ~~Registrant~~periods ~~and~~presented ~~have:~~in this Report;

a4. The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-1 5(e) and 15d- 15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

ba.         Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;

cb.    Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

dc.         Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

5d.    Disclosed ~~The~~in ~~Registrant's~~this ~~other~~Report ~~certifying~~any ~~officer~~change ~~and~~in ~~I have~~the ~~disclosed,~~ Registrant's ~~based on our most recent evaluation of~~ internal control over financial reporting, tothat occurred during the Registrant's ~~auditors~~most ~~and~~recent ~~the~~fiscal ~~audit~~quarter ~~committee of~~ (the Registrant's ~~board~~fourth fiscal quarter in the case of ~~directors~~an (annual report) that has materially affected, or ~~persons~~is reasonably ~~performing~~likely to materially affect, the ~~equivalent~~Registrant's internal control ~~functions):~~ over financial reporting; and

a5. The Registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

ba. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize and report financial information; and

~~Date:~~b. Any ~~February~~fraud, 23whether or not material, that ~~2009~~involves ~~By:~~management ~~/s/~~or ~~Garry~~other ~~McCann~~employees ~~Garry~~who ~~McCann,~~have ~~President~~a ~~and~~significant ~~Chief~~role ~~Executive~~in the ~~Officer~~Registrant's internal control over financial reporting.

~~Exhibit~~Date: ~~31.2~~August 19, 2009 By: /s/ Garry McCann Garry McCann, President and Chief Executive Officer

IA signed original of this written statement required by Section 302 has been provided to Pulmo Biotech, ~~Rajiv~~Inc. ~~Garg~~and will be retained by Pulmo Biotech, ~~certify~~Inc. ~~that:~~and furnished to the Securities and Exchange Commission or its staff upon request.

1.Exhibit ~~I have reviewed this Quarterly Report of Pulmo BioTech Inc. (the "Registrant") on Form 10-Q for the period ended December~~ 31~~, 2008, as filed with the Securities and Exchange Commission on the date hereof (this "Report");~~.2

2.CERTIFICATION ~~Based~~PURSUANT onTO mySECTION ~~knowledge,~~302 ~~this~~OF ~~Report~~THE ~~does~~SARBANES-OXLEY ~~not~~ACT ~~contain~~OF any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;2002

~~3. Based on my knowledge~~I, ~~the~~Rajiv ~~financial statements~~Garg, ~~and~~certify other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this Report;that:

41. ~~The~~I ~~Registrant's~~have ~~other~~reviewed ~~certifying~~this ~~officer~~Quarterly ~~and~~Report Iof ~~are responsible~~Pulmo ~~for~~BioTech ~~establishing~~Inc. ~~and~~(the ~~maintaining disclosure controls and procedures~~"Registrant") ~~(as~~on ~~defined~~Form in10-Q ~~Exchange~~for ~~Act~~the ~~Rules~~period 1ended ~~3a-1~~June ~~5(e)~~30, ~~and~~2009, 1as ~~5d-~~filed ~~15(e))~~with ~~and~~the ~~internal~~Securities ~~control~~and ~~over~~Exchange ~~financial~~Commission ~~reporting~~on ~~(as~~the ~~defined~~date inhereof ~~Exchange Act Rules 13a-15~~(f)this ~~and 15d-15(f~~"Report")~~) for the Registrant and have:~~;

a2. Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;

b3. Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this Report;

c4. The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-1 5(e) and 15d- 15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

da.         Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;

5b.    Designed ~~The~~such ~~Registrant's~~internal ~~other~~control ~~certifying~~over ~~officer and I have~~financial ~~disclosed~~ reporting, ~~based~~or oncaused ~~our~~such ~~most recent evaluation of~~ internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the ~~Registrant's~~reliability ~~auditors~~of financial reporting and the ~~audit~~preparation ~~committee~~ of ~~the~~financial ~~Registrant's~~ statements ~~board~~for ofexternal ~~directors~~purposes ~~(or~~in ~~persons~~accordance ~~performing~~with ~~the~~generally ~~equivalent~~accepted ~~functions):~~ accounting principles;

ac.         Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

bd.    Disclosed in this Report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

~~Date:~~5. ~~February~~The 23Registrant's other certifying officer and I have disclosed, ~~2009~~based ~~By:~~on our ~~/s/~~most ~~Rajiv~~recent ~~Garg~~evaluation ~~Rajiv~~of ~~Garg~~internal control over financial reporting, ~~Chief~~to ~~Financial~~the Registrant's ~~Officer~~auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

~~Exhibit 32~~a.1 All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize and report financial information; and

~~CERTIFICATION~~b. Any OFfraud, ~~CHIEF~~whether ~~EXECUTIVE~~or ~~OFFICER~~not ~~AND~~material, that ~~CHIEF~~involves ~~FINANCIAL~~management or other employees who have a significant role in ~~OFFICER~~ the ~~PURSUANT~~Registrant's TOinternal 18control ~~U.S.C.~~over ~~1350,~~financial reporting.

I,Date: ~~Garry~~August ~~McCann~~19, ~~certify,~~2009 ~~pursuant~~By: to/s/ 18Rajiv ~~U.S.C.~~Garg ~~1350,~~Rajiv ~~as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002~~Garg, ~~that~~Chief ~~the Quarterly~~Financial Report on Form 10-Q of Pulmo BioTech Inc. for the quarter ended December 31, 2008, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Pulmo BioTech Inc.Officer

I,A ~~Rajiv~~signed ~~Garg,~~original ~~certify,~~of ~~pursuant~~this towritten 18statement ~~U.S.C.~~required ~~1350,~~by ~~as adopted pursuant to~~ Section ~~906~~302 ofhas ~~the~~been provided ~~Sarbanes-Oxley~~to ~~Act~~Pulmo ~~of 2002~~Biotech,~~that~~ ~~the Quarterly~~Inc. ~~Report~~and onwill ~~Form~~be ~~10-Q~~retained ofby Pulmo ~~BioTech~~Biotech, Inc. ~~for the quarter ended~~and ~~December~~furnished ~~31,~~to ~~2008, fully complies with~~ the ~~requirements of Section 13(a) or 15(d) of the~~ Securities ~~Exchange Act of 1934~~ and ~~that~~Exchange ~~information~~Commission ~~contained~~or ~~in such~~its ~~Quarterly~~staff ~~Report~~upon ~~on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Pulmo BioTech Inc~~request.

Date: February 23, 2009	By: /s/ Garry McCann
	Garry McCann
	President and Chief Executive Officer
Date: February 23, 2009	By: /s/ Rajiv Garg
	Rajiv Garg
	Chief Financial Officer

Exhibit 32.1

ACERTIFICATION ~~signed~~OF ~~original~~CHIEF ofEXECUTIVE ~~this~~OFFICER ~~written~~AND ~~statement~~CHIEF ~~required by~~FINANCIAL ~~Section~~OFFICER ~~906,~~PURSUANT orTO ~~other~~18 document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Pulmo BioTech IncU. ~~and will be retained by Pulmo BioTech Inc~~S. ~~and furnished to the Securities and Exchange Commission or its staff upon request~~C. 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Garry McCann, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report on Form 10-Q of Pulmo Biotech, Inc. for the quarter ended June 30, 2009, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Pulmo Biotech, Inc.

I, Rajiv Garg, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,that the Quarterly Report on Form 10-Q of Pulmo Biotech, Inc. for the quarter ended June 30, 2009, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of Pulmo Biotech, Inc.

Date: August 19, 2009	By: /s/ Garry McCann
	Garry McCann, President and Chief Executive Officer

Date: August 19, 2009	By: /s/ Rajiv Garg
	Rajiv Garg, Chief Financial Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to Pulmo Biotech, Inc. and will be retained by Pulmo Biotech, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EDGAR conversion by EdgarGlobal, http://www.EdgarGlobal.com

	Total Deficit	Common Stock Shares	Amount	Additional Paid-in Capital	Deficit Accumulated Prior to and During DevelopmentStage	Unrealized Translation Gain (Loss)	Treasury Stock		Non- controlling Interest
	Total Deficit	Common Stock Shares	Amount	Additional Paid-in Capital	Deficit Accumulated Prior to and During DevelopmentStage	Unrealized Translation Gain (Loss)	Shares	Amount	Non- controlling Interest

March 26, 2001	($2,000)	142,800,000	$14,280	$735,211	($751,491)	-	-	-	-
Reverse split shares:
April 2, 2001, 1 for 1,428 shares	-	(142,326,538)	(14,233)	14,233	-	-	-	-	-
October 1, 2001, 1 for 10 shares	-	(425,888)	(43.00)	43	-	-	-	-	-
Stock issued for expenses at $0.02 per share	18,000	925,000	93	17,907	-	-	-	-	-
Net loss	(18,100)	-	-	-	(18,100)	-	-	-	-
Balance at December 31, 2001	(2,100)	972,574	97	767,394	(769,591)	-	-	-	-
Issued stock for expenses at $0.02 per share	8,000	400,000	40	7,960	-	-	-	-	-
Net loss	(9,205)	-	-	-	(9,205)	-	-	-	-
Balance at December 31, 2002	(3,305)	1,372,574	137	775,354	(778,796)	-	-	-	-
Net loss	(14,695)	-	-	-	(14,695)	-	-	-	-
Balance at December 31, 2003	(18,000)	1,372,574	137	775,354	(793,491)	-	-	-	-
Net loss	(24,150)	-	-	-	(24,150)	-	-	-	-
Balance at December 31,2004	(42,150)	1,372,574	137	775,354	(817,641)	-	-	-	-
Net loss	(20,564)	-	-	-	(20,564)	-	-	-	-
Balance at December 31, 2005	(62,714)	1372574	137	775354	(838,205)	-	-	-	-
Assumption of liabilities by stockholder	93,914	-	-	93,914	-	-	-	-	-
Net loss	(168,778)	-	-	-	(168,778)	-	-	-	-
Balance at December 31, 2006	(137,578)	1,372,574	137	869,268	(1,006,983)	-	-	-	-
Increase in additional paid-in capital due to stock
subscription receivable	100,000	-	-	100,000	-	-	-	-	-
Net loss	(221,217)	-	-	-	(221,217)	-	-	-	-
Balance at December 31, 2007	(258,795)	1,372,574	137	969,268	(1,228,200)	-	-	-	-
Shares issued for acquisition of Lumen	(877,214)	51,250,000	5,125	641,752	(1,524,091)	-	-	-	-
Deficit of Lumen on acquisition	-	-	-	(1,524,091)	1,524,091	-	-	-	-
Unrealized foreign currency translation loss	(12,750)	-	-	-	-	(12,750)	-	-	-
Net loss	(101,287)	-	-	-	(86,884)	-	-	-	(14,403)
Balance at March 31, 2008	(1,250,046)	52,622,574	5,262	86,929	(1,315,084)	(12,750)	-	-	(14,403)
Treasury stock acquired at $2 per share	(2,000)	-	-	-	-	-	(1,000)	(2,000)	-
Unrealized foreign currency translation loss	(13,018)	-	-	-	-	(13,018)	-	-	-
Net loss	(796,007)	-	-	-	(630,274)	-	-	-	(165,733)
Balance at March 31, 2009	(2,061,071)	52,622,574	5,262	86,929	(1,945,358)	(25,768)	(1,000)	(2,000)	(180,136)
Unrealized foreign currency translation loss	(28,325)	-	-	-	-	(28,325)	-	-	-
Net loss, June 30, 2009	($114,407)	-	-	-	($95,607)		-	-	(18,800)

Balance at June 30, 2009	$(2,203,803)	52,622,574	$ 5,262	$86,929	$(2,040,965)	$(54,093)	(1,000)	$(2,000)	$ (198,936)

See accompanying notes to unaudited condensed consolidated financial statements

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