Research Update

Ardana PLC 21 May 2007 ARDANA'S ORAL GROWTH HORMONE SECRETAGOGUE GAINS ORPHAN DRUG STATUS Edinburgh, UK, 21 May 2007; Ardana plc (LSE:ARA) today announces that the US Food and Drug Administration (FDA) has granted Orphan Drug status for ARD-07, its oral Growth Hormone Secretagogue (GHS), which Ardana is developing as a diagnostic for growth hormone deficiency in adults. The granting of Orphan Drug status in the USA confers a number of advantages such as eligibility to apply for FDA grants towards clinical development, the waiving of the User Registration Fee of $896,200 and other registration fees moving forward. GHS is a novel synthetic small molecule sized peptidomimetic agent that is orally active and stimulates the secretion of Growth Hormone (GH) from the patient's pituitary gland and/or indirectly via stimulation of Growth Hormone Releasing Hormone (GHRH) from the hypothalamus. Initial phase I studies have indicated that GHS stimulates growth hormone secretion in a dose dependent manner following oral and intraduodenal administration in healthy male subjects. No apparent adverse effects of GHS on other hormones such as ACTH, cortisol, ghrelin, insulin and glucose secretion were observed. Following meetings with the FDA consensus has been reached that the successful outcome from one pivotal clinical trial will allow registration of GHS as a diagnostic for growth hormone deficiency in adults. The diagnostic clinical development and toxicology programmes are ongoing and, subject to clinical outcome, the Company anticipates filing for registration at the end of the year with a possible launch in 2008. Ardana believes that GHS' oral formulation will give clinicians a simpler and more effective test for growth hormone deficiency. Dr. Maureen Lindsay, Ardana's CEO, said: 'We are delighted and very encouraged that the FDA have granted Orphan Drug status for GHS. We believe that GHS could play a very important role in providing clinicians with a convenient, reliable and effective diagnostic test for growth hormone deficiency.' In addition to its possible use as a diagnostic, Ardana intends to undertake clinical trials to support registration of GHS in a number of adult therapeutic indications. For more information contact: Ardana Financial Dynamics Maureen Lindsay (corporate/financial media relations) Tel: + 44 (0) 131 226 8550 Julia Phillips/John Gilbert Tel: +44 (0)20 7831 3113 About Ardana Ardana plc is a pharmaceutical company focused on the discovery, development and marketing of innovative products to improve human reproductive health, a $25.5 billion market. Since its foundation, Ardana has built a broad and balanced portfolio to manage risk and actively pursues product and technology in-licensing and outlicensing to maintain a robust pipeline. Ardana's lead products are summarised below: • Emselex(R), a once a day treatment for the symptoms of overactive bladder syndrome, for which Ardana has exclusive UK marketing and promotion rights and is being distributed in collaboration with Novartis UK Limited; • Teverelix LA, in development for three initial indications (prostate cancer, benign prostatic hyperplasia and endometriosis); • ARD-07 a growth hormone secretagogue in late stage development for the diagnosis of growth hormone deficiency • Striant(TM) SR, a testosterone replacement therapy that has been launched by Ardana through its own sales force in the UK and through marketing partners in certain European countries, as a treatment for men with confirmed hypogonadism; • Testosterone Cream, a trans dermal testosterone delivery system in development (Phase II trials) for the treatment of male hypogonadism; • InvicorpTM, an injectable combination drug treatment for erectile dysfunction, for which Ardana has marketing and manufacturing rights in Europe and has been launched in Denmark. In addition, Ardana has a strong portfolio of follow-on products in development. Ardana is listed on the Main Market of the London Stock Exchange. For further information please see www.ardana.co.uk This information is provided by RNS The company news service from the London Stock Exchange
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