Phase I Clinical Trials

Phytopharm PLC 20 January 2003 20 January 2003 Phytopharm plc Commences phase I clinical study of treatment for Parkinson's disease Phytopharm plc (PYM: London Stock Exchange) ('Phytopharm') announces today the start of a phase I clinical study to evaluate the safety, tolerability and pharmacokinetic profile of its patented oral product, P63, which is under development as a treatment for neurodegenerative disorders, including Parkinson's disease. This residential study will be conducted in two stages, each utilising a double blind, placebo-controlled design. The first stage will evaluate the safety, tolerability and pharmacokinetics of single oral doses that will be escalated across four groups of eight healthy subjects. The second stage will assess the safety, tolerability and pharmacokinetics of repeated oral dosing administered over 7 days to three groups of eight healthy subjects aged over 50 years. Each group will be assigned a different dose level. It is expected that the results will be reported during the second quarter of 2003. Phytopharm has developed a large group of patented compounds whose properties form a platform for the development of novel therapeutic approaches for neurodegenerative disorders. These properties include the restoration of neuronal growth factors, the increase in neuronal interconnections, the reversal of neuronal receptor decline including dopamine receptors, and protection against the effects of a neurotoxin that causes symptoms similar to Parkinson's disease in man. Dr Richard Dixey, Chief Executive of Phytopharm, said: 'The onset of neuronal degeneration underlies Parkinson's, Alzheimer's disease and many other peripheral neuropathies. This product arising from our family of 60 patented compounds offers the potential of directly reversing this process, and significantly advancing the treatment of these devastating conditions.' -ENDS- Enquiries: Phytopharm plc Dr Richard Dixey, Chief Executive Tel: 01480 437697 Mobile: 07867 782000 Financial Dynamics David Yates / Tel: 0207 831 3113 Ben Atwell NOTES TO EDITORS Phytopharm plc Phytopharm is the leading company in the development of Botanical pharmaceuticals. Botanicals enable the rapid clinical evaluation of plant medicines in chronic and poorly understood diseases. Where novel modes of action are discovered, such research can form the basis for drug discovery platforms, which enable the development of new medicines and the isolation of single chemical entities of clinical importance. Phytopharm has four drug discovery platforms in full development, for metabolic syndrome, neurodegeneration, inflammation and dermatitis. Neurodegenerative disorders such as Parkinson's disease are chronic, progressive conditions that predominantly affect the middle aged and elderly, causing severe disability and premature death. In the US market alone, there are estimated to be one million patients with diagnosed Parkinson's disease and a further two million undiagnosed, with a cost to the economy of $10 billion in associated health care costs (source: AHP submission to US Congress). Despite substantial progress in our understanding of these conditions over recent years, in most cases the underlying cause(s) remain unknown. The currently available drug therapies can provide symptomatic improvement and in some cases may delay disease progression to a modest extent. The medical, social and economic impact of these diseases is increasing, particularly in the developed world, due to the ageing population. Phytopharm is developing nine products based on its four drug discovery platforms alongside a number of other projects in early evaluation phase. More information concerning Phytopharm's activities can be found on its web site at http://www.phytopharm.co.uk. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Ixico (IXI)
UK 100