Case Western Collaboration

Evolutec Group PLC 24 May 2006 For immediate release 24 May 2006 EVOLUTEC GROUP PLC ('Evolutec' or 'the Company') CASE WESTERN RESERVE UNIVERSITY TO COLLABORATE IN MYASTHENIA GRAVIS Evolutec Group plc (AIM: EVC), the biopharmaceutical company developing novel products for the treatment of allergic, inflammatory and autoimmune diseases, is pleased to announce that Case Western Reserve University, Cleveland, Ohio, (' Case') is to carry out further preclinical studies of rEV576, Evolutec's second development candidate, in the auto-immune disease myasthenia gravis. Evolutec will provide the rEV576 and Case will provide the research funding. The preclinical programme, which will consider the effectiveness of rEV576 as a potential treatment for myasthenia gravis, will be undertaken during 2006 by Professor Henry J. Kaminski, Case's Vice Chair of Neurology. Professor Kaminski's interest follows the striking positive preclinical result in myasthenia gravis announced by Evolutec in September 2005, in which a single dose of rEV576 completely prevented paralysis and weight loss over a five day period. Myasthenia gravis, of which there are approximately 36,000 cases in the US, results in progressive fatigue, loss of muscle tone and in severe cases increasing paralysis. There is no existing curative therapy for the condition, and Evolutec has applied for Orphan Drug Status from the US Food and Drug Administration. Mark Carnegie Brown, Evolutec's Chief Executive Officer, commented: 'We are delighted by Professor Kaminski's interest in rEV576. Pending a successful outcome of this collaboration and other preclinical programmes, we aim to progress rEV576 to the clinic in 2007.' Professor Henry J. Kaminski commented: 'I am excited about rEV576 as it appears to have the qualities required to treat this debilitating and progressive autoimmune disease. I look forward to the results from this programme.' ENDS For further information: Evolutec 0118 922 4480 Mark Carnegie Brown, Chief Executive Officer Nicholas Badman, Chief Financial Officer www.evolutec.co.uk Buchanan Communications 020 7466 5000 Mark Court/Tim Anderson/Mary-Jane Johnson Notes for Editors: About Evolutec Evolutec, which is based in Reading, UK, is a clinical stage biopharmaceutical company with a focus on allergy, inflammation and auto-immune diseases. The Company has completed a positive 112 patient proof of concept Phase IIa clinical trial with rEV131, its lead product, in allergic rhinitis. rEV131 met the primary endpoint of reducing the sum of symptom scores at statistically significant levels within 45mins of administration. Evolutec intends to complete a further Phase IIb trial in allergic rhinitis and additional proof of concept Phase II trials in post-cataract surgery and dry eye in 2006. Positive pre-clinical data has also been generated in asthma. rEV131 is a histamine binding protein that impacts the H1, H2 and recently discovered H4 histamine receptor. This mode of action gives rEV131 a unique product profile of reducing both early and late stage inflammation. The Company has a further two products in pre-clinical development: rEV598, which is being evaluated in CINV (chemotherapy-induced nausea and vomiting), and rEV576, a complement inhibitor indicated for treating reperfusion injury in ischemic heart disease, stroke and cardiopulmonary bypass. Evolutec is listed on the London Stock Exchange and develops therapeutics originally isolated from the saliva of ticks. The tick remains undetected by its hosts, including humans, by injecting an array of molecules into the skin that suppresses host immunity. These stealth molecules have undergone millions of years of natural evolution to select a promising efficacy, potency and safety profile. Evolutec employs the tick's evolutionary stealth technology to offer the potential of treating human diseases. About Case Case is among the US's leading research institutions. Founded in 1826 and shaped by the merger of the Case Institute of Technology and Western Reserve University, Case is distinguished by its strengths in education, research, and service. Located in Cleveland, Case Western offers nationally recognized programs in the Arts and Sciences, Dentistry, Engineering, Law, Management, Medicine, Nursing, and Social Sciences. Professor Kaminski is the recipient of a National Institutes of Health ('NIH') grant to investigate new therapies for myasthenia gravis. Safe Harbour statement: this news release may contain forward-looking statements that reflect the current expectations of the Company regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors including the success of the Company's research strategies, the applicability of the discoveries made therein, the successful and timely completion of clinical studies, the uncertainties related to the regulatory process, the successful integration of completed mergers and acquisitions and achievement of expected synergies from such transactions, and the ability of the Company to identify and consummate suitable strategic and business combination transactions. This information is provided by RNS The company news service from the London Stock Exchange
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