Clinical Trials

CAMBRIDGE ANTIBODY TECHNOLOGY GROUP PLC 9 July 1999 For Further Information Contact: Cambridge Antibody Technology Group plc Dr David Chiswell, Chief Executive Officer Tel: +44 (0) 1763 263233 John Aston, Finance Director Dr David Glover, Medical Director Rowena Gardner, Communications Manager HCC.De Facto City/Financial, Sue Charles Tel: +44 (0) 171 4963300 Trade/Science, Andrew Worsfold BASF Pharma Freiderike Kanne Tel: +49 621 589 1428 Wyeth-Ayerst Douglas Petkus Tel: +1 610 971 4980 CLINICAL TRIALS NEWS FROM CAT Melbourn, UK Cambridge Antibody Technology ('CAT') today announces progress in the clinical trials of two of its fully human monoclonal antibodies, J695 (anti-IL12) and CAT-152 (anti-TGFb2). Phase I clinical trials for the fully human monoclonal antibody, J695 (anti-IL12) have started. Developed as part of a collaboration between CAT, BASF Pharma and Genetics Institute (a research unit of Wyeth-Ayerst Laboratories, the pharmaceutical division of American Home Products, NYSE: AHP), J695 neutralises IL-12, a pro-inflammatory molecule associated with many severe autoimmune and inflammatory disorders. The clinical trials are being conducted by BASF Pharma and the Genetics Institute research unit. CAT-152, developed by CAT as a treatment to prevent scarring in the eye following glaucoma surgery, completed initial Phase I/IIa clinical trials earlier this year. CAT has now received regulatory approval for a Phase II multicentre clinical trial to start this summer at four leading UK eye hospitals. It is expected that results of the Phase I/IIa trial will be presented at the European Glaucoma Society in September 1999. David Glover, CAT's Medical Director, commented: 'This confirms CAT's market leadership in the growing area of using human monoclonal antibodies as drugs. There are five fully human antibodies currently in clinical trials and of these, three are antibodies that have been developed by CAT and its partners.' Notes to editors: J695 J695 is a fully human monoclonal antibody against IL-12 (Interleukin-12), a potent pro-inflammatory molecule associated with many severe autoimmune and inflammatory disorders. CAT-152 CAT-152 (formerly known as 6B1) is a fully human anti-TGFb2 monoclonal antibody developed by CAT to specifically neutralise the cytokine TGFb2, overactivity of which is believed to cause scarring in and around the eye. CAT-152 is being developed as a treatment to prevent scarring in the eye following glaucoma surgery. Cambridge Antibody Technology (CAT) CAT is a UK biotechnology company using its proprietary technologies in fully human monoclonal antibodies for drug discovery and drug development. Based in Melbourn, 10 miles south of Cambridge, England, CAT currently employs around 150 people. In March 1997, CAT completed its initial public offering and listing on the London Stock Exchange, raising approximately £41 million. CAT has a world-leading platform technology for rapidly isolating fully human monoclonal antibodies using phage display systems. CAT has anextensive phage display antibody library, currently incorporating around 100 billion distinct antibodies. This library forms the basis for the company's strategy to develop a portfolio of clinical development programmes and for discovering new drug leads using functional genomics. The first two antibody products it developed started clinical trials in 1997, in inflammation and fibrosis. CAT hasa number of license and collaborative agreements in place with pharmaceutical and biotechnology companies including: Eli Lilly, Pfizer, BASF Pharma, Genentech, ICOS Corporation, Genetics Institute/BASF Pharma and Wyeth-Ayerst. BASF Pharma BASF Pharma is the label used to designate the global corporate pharmaceutical operations of BASF Aktiengesellschaft with headquarters based at Knoll AG in Ludwigshafen, Germany. In 1998, BASF Pharma sales amounted to DM4.51 billion, representing an increase of 10% over the preceding year. The work-force numbers more than 13,000. Wyeth- Ayerst Laboratories Wyeth-Ayerst Laboratories, a division of American Home Products Corporation (NYSE:AHP), is a major research-oriented pharmaceutical company with leading products in the areas of women's healthcare, cardiovascular disease therapies, central nervous system drugs, anti-inflammatory agents, vaccines and generic pharmaceuticals. American Home Products Corporation is one of the world's largest research-based pharmaceutical and health care products companies. It is a leader in the discovery, development, manufacturing and marketing of prescription drugs and over-the-counter medications. Itis also a leader in vaccines, biotechnology, agricultural products and animal health care. The statements in this press release that are not in historical facts are forward-looking statements that involve risks and uncertainties, including, without limitation, risks associated with the inherent uncertainty of pharmaceutical research, product development and commercialisation, the impact of competitive products, and patent, and other risks and uncertainties, including those detailed from time to time in periodic reports, including quarterly reports on Form 10-Q and the annual report on Form 10-K, filed with the Securities and Exchange Commission. Actual results may differ from the forward-looking statements.
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