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XTL Biopharm Ltd (XTL)

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Monday 17 September, 2007

XTL Biopharm Ltd

NEW CL.-HIGHLY POTENT SM MOL INHIBITORS OF HCV-...


  XTL Biopharmaceuticals presents a new class of highly potent small molecule  
    inhibitors of hepatitis C affecting the NS5A target at an International    
                             Scientific Conference                             

Valley Cottage, New York - September 17, 2007, XTL Biopharmaceuticals Ltd.
(NASDAQ: XTLB, LSE: XTL, TASE: XTL) announced today that on September 13, 2007,
it presented a new class of novel and highly potent small molecule inhibitors
of hepatitis C affecting the NS5A target at the 14th International Symposium on
Hepatitis C Virus & Related Viruses in Glasgow, Scotland (www.hcv2007.com).

In an oral latebreaker presentation, the Company described a family of
pre-clinical compounds with highly potent activity against the hepatitis C
virus. Potency of these compounds was evaluated in a replicon assay which is
known to have good correlation with clinical efficacy and is the current gold
standard for pre-clinical testing of inhibitors of Hepatitis C. In the replicon
assay, the Company's most advanced compounds had single-digit nM (nanomolar)
potency against hepatitis C genotype 1b and low double-digit nM potency against
genotype 1a. Genotypes 1a and 1b represent 75% of the U.S. hepatitis C
population, according to the American Liver Foundation. These replicon
potencies are superior to the most advanced clinical-stage small molecule
protease inhibitors of Hepatitis C, which to date have reported triple-digit nM
potency against 1a and 1b replicons.

Data presented by the Company implicated the viral protein NS5A as the direct
target of the compounds. NS5A is essential for RNA production and is distinct
from the protease and polymerase - the viral targets of the more advanced
Hepatitis C inhibitors in clinical development. As such, inhibitors of NS5A are
considered promising candidates for the treatment of Hepatitis C. As a
relatively new target, only one NS5A inhibitor has entered clinical trials to
date - A831 - which is presently in a phase 1 clinical trial. A831 was
developed by Arrow Therapeutics, which was recently acquired by AstraZeneca.
Based on data presented at the conference, the Company's leads appear to be
over 10 times more potent than A831 in the replicon assay.

In rodent studies, when administered orally, the Company's compounds
demonstrated preferential accumulation in the liver to concentrations that were
orders of magnitude above those required to block viral replication as
predicted by the replicon assay, with half-lives consistent with twice a day
dosing regimen, and toxicological tolerability at multiple doses.

The Company also presented data indicating an additive effect with interferon
(the current standard of care) and with the protease inhibitor VX-950 and
retained potency against protease- and polymerase- inhibitor resistant mutants
in the replicon assay. These findings are supportive of the potential role of
the Company's compounds in combination with interferon and other small
molecules currently in clinical development.

Dr. Ira Jacobson, Professor of Clinical Medicine and Chief of the Division of
Gastroenterology and Hepatology at Weill Medical College of Cornell University,
and an advisor to the XTL-DOS program commented: "Chronic hepatitis C
represents a tremendous unmet medical need with millions of patients seeking
safer and more efficacious treatment options. Future treatment regimens are
likely to include combinations of novel small molecules with interferon and
ribavirin, which may eventually be replaced by cocktails of several small
molecules employing complementary mechanisms of action. The preclinical data
presented by XTL suggest that the Company's compounds could prove, with
appropriate testing in clinical trials, to be very attractive candidates for
incorporation into future treatment regimens in combination with
interferon-based therapy and/or other small molecules presently in clinical
development."

The molecules presented by the Company emerged from the Company's DOS program,
aimed at discovering novel hepatitis C inhibitors applying a unique chemistry
technology called Diversity Oriented Synthesis. The DOS program was acquired by
the Company in late 2005.

ABOUT HEPATITIS C

There are approximately 3 million people infected with hepatitis C in the U.S.
alone. Hepatitis C significantly increases the infected person's risk of
developing chronic liver disease, cirrhosis and liver cancer, and is the
leading cause of liver transplantation in the Western World. Hepatitis C
remains a major unmet medical need as the current standard of care
(interferon-based therapy) achieves success in only 50% of patients infected
with genotype 1 of the virus (genotype 1 affects 75% patients in the U.S.), and
has significant side affects associated with it.

ABOUT XTL BIOPHARMACEUTICALS LTD.

XTL Biopharmaceuticals Ltd. ("XTL") is engaged in the development of
therapeutics for the treatment of neuropathic pain and hepatitis C. XTL is
developing Bicifadine, a serotonin and norepinephrine reuptake inhibitor, for
the treatment of diabetic neuropathic pain. XTL is also developing several
novel pre-clinical hepatitis C small molecule inhibitors. XTL also has an
active in-licensing and acquisition program designed to identify and acquire
additional drug candidates. XTL is publicly traded on the NASDAQ, London, and
Tel-Aviv Stock Exchanges (NASDAQ: XTLB; LSE: XTL; TASE: XTL).

Contact:

Ron Bentsur, Chief Executive Officer

Tel: +1-(845)-267-0707 ext. 225

Cautionary Statement

Some of the statements included in this press release, particularly those
anticipating future performance and prospects of our pre-clinical compounds for
hepatitis C from our XTL-DOS program may be forward-looking statements that
involve a number of risks and uncertainties. For those statements, we claim the
protection of the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995. Among the factors that could
cause our actual results to differ materially are the following: our ability to
successfully complete the pre-clinical development DOS program; our ability to
clinically develop candidates from the DOS program; and other risk factors
identified from time to time in our reports filed with the Securities and
Exchange Commission and the London Stock Exchange, including our annual report
on Form 20-F filed with the Securities and Exchange Commission on March 23,
2007. Any forward-looking statements set forth in this press release speak only
as of the date of this press release. We do not intend to update any of these
forward-looking statements to reflect events or circumstances that occur after
the date hereof. This press release and prior releases are available at http://
www.xtlbio.com. The information in our website is not incorporated by reference
into this press release and is included as an inactive textual reference only.


                                                                                                                                                                                

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