Patent Granted

Evolutec Group PLC 18 January 2005 For immediate release 18 January 2005 EVOLUTEC GROUP PLC ('Evolutec' or 'the Company') Patent granted in Europe for the Treatment of Allergic Rhinitis (hay fever) 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 the European Patent Office has granted a wide-ranging patent (number 1207899) covering the use of its lead product candidate, rEV131, in the treatment of allergic rhinitis. The patent also covers the use of any functionally equivalent molecule to treat allergic rhinitis. The patent underpins Evolutec's clinical development programme for its lead product candidate, since exclusive protection has now been granted in the US and Europe. Evolutec is planning a Phase II trial of rEV131 in allergic rhinitis later this year and is in dialogue with the US Food & Drug Administration (FDA) regarding an Investigational New Drug (IND) application. The market for the treatment of allergic rhinitis is estimated to be some $6.6 billion. There is unmet medical need in this market since the condition's most troublesome symptoms - congestion and mucus production - are difficult to control. Furthermore, there are concerns over the long-term use of existing corticosteroid treatments, particularly in children and the elderly. Mark Carnegie Brown, Evolutec's Chief Executive, said: 'The award of this patent is timely, as it comes ahead of our planned Phase II allergic rhinitis trial, and its scope is broad. The patent adds to Evolutec's growing family of patents and further strengthens the Company's intellectual property position.' For further information: Evolutec 01865 784070 Mark Carnegie Brown, Chief Executive Officer Nicholas Badman, Chief Financial Officer www.evolutec.co.uk Collins Stewart 020 7523 8350 Chris Howard Buchanan Communications 020 7466 5000 Mark Court/Tim Anderson/Mary-Jane Johnson Notes for Editors: About Evolutec Evolutec, which is based in Oxford, UK, is a clinical stage biopharmaceutical company with a focus on allergy, inflammation and auto-immune diseases. The Company's lead product, rEV131, is a histamine-binding protein that has progressed to Phase II trials in allergic conjunctivitis, rhinitis and ocular inflammation. Positive pre-clinical data has also been generated in asthma. rEV131 is understood to be the only product currently in clinical trials that impacts the recently discovered H4 receptor, a receptor implicated in many forms of inflammatory disease. The Company intends to carryout proof of concept Phase II clinical trials with rEV131 in allergic rhinitis and post-cataract surgery in 2005. The Company has a further two products in pre-clinical development: rEV598, which is being evaluated in carcinoid syndrome and CINV (chemotherapy-induced nausea and vomiting), and rEV576, a complement inhibitor. Evolutec was founded in 1998 to exploit research carried out by the Natural Environment Research Council. Evolutec's drugs were first 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 normal defence mechanisms. These stealth molecules have evolved over millions of years to enable the tick to take a blood meal from its host. Evolutec employs the tick's evolutionary stealth technology to offer the potential of treating human diseases. 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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