New study data

Evolutec Group PLC 23 January 2006 For immediate release 23 January 2006 EVOLUTEC GROUP PLC ('Evolutec' or 'Company') POSITIVE PRECLINICAL RESULT FOR rEV576 IN ACUTE MYOCARDIAL INFARCTION (HEART ATTACK) Evolutec Group plc (AIM: EVC), the biopharmaceutical company developing novel products for the treatment of allergic, inflammatory and autoimmune diseases, is pleased to announce a positive result for its preclinical development candidate rEV576 in acute myocardial infarction ('AMI'). In the trial, rEV576 significantly reduced damage to heart tissue (>25%) with good effect even at low doses. In AMI, heart muscle is damaged following coronary thrombosis and the objective of therapy is to reduce this damage. The approved thrombolytics re-establish blood flow following heart attack but do not address the damage to heart tissue. There are approximately one million cases of AMI per annum in the US making this a substantial market opportunity with unmet need. rEV576 is a potent complement C5 inhibitor, an exciting new class of drugs that target the complement system. Over-activation of complement is implicated in a range of acute and chronic conditions including AMI, transplant rejection and damage to joint surfaces in rheumatoid arthritis. Mark Carnegie Brown, Evolutec's Chief Executive Officer, commented: 'rEV576 has already generated considerable scientific interest and this result emphasises its potential in acute cardiovascular indications such as AMI, stroke and cardiopulmonary bypass. The result adds to the promising efficacy seen with rEV576 in an acute preclinical model of the auto-immune disease myasthenia gravis and underlines the potential of Evolutec's pipeline.' ENDS For further information: Evolutec 0118 922 4480 Mark Carnegie Brown, Chief Executive Officer Nicholas Badman, Chief Financial Officer www.evolutec.co.uk Bridgewell Securities 020 7003 3000 Shaun Dobson/Xavier de Mol Buchanan Communications 020 7466 5000 Mark Court/Tim Anderson/Mary-Jane Johnson Notes for Editors: About the complement system and rEV576's mechanism of action The complement system is an essential part of the body's natural defence mechanism against foreign invasion. It is also involved in the inflammatory process. It comprises around 20 plasma proteins, which act as enzymes or as binding proteins, along with multiple cell-surface receptors and several regulatory membrane proteins. When foreign material is detected, the complement cascade is activated and locally acting chemical messengers are released. rEV576's mechanism of action is by binding the C5 protein at the penultimate step of the complement cascade thereby preventing the release of C5a and C5b-9 (the membrane attack complex). C5a and C5b-9 attract white blood cells and allow them to pass through blood vessel walls into the tissue. The white blood cells then release cytokines that destroy the tissue locally. C5 complement inhibitors do not impact the early steps of the complement cascade which form an important part of the human body's natural defence mechanism Complement can be activated inappropriately under certain circumstances leading to undesirable local tissue destruction. In ischemic stroke and myocardial infarction, the body recognises the dead tissue in the brain and heart respectively as foreign and activates complement so causing further local damage. Similarly in cardiopulmonary bypass operations, the body recognises the plastic surfaces in the machine as foreign, activates complement and this can result in vascular damage. In autoimmune diseases, the body may wrongly recognise itself as foreign and activate complement with local tissue damage (e.g. joint destruction in rheumatoid arthritis and muscle weakness in myasthenia gravis). In September 2005, Evolutec obtained a positive preclinical result for rEV576 in myasthenia gravis, which results in progressive fatigue, loss of muscle tone and increasing paralysis. There is currently no cure for myasthenia gravis. In the trial, a single dose of rEV576 completely prevented paralysis and weight loss over a five day period. About Evolutec Evolutec is a biopharmaceutical company developing drugs for allergy, inflammation and autoimmune disease. Evolutec's lead drug candidate, rEV131 has efficacy in both acute and chronic respiratory indications including allergic rhinitis (hay fever) and asthma. In 2005, Evolutec announced a positive result for rEV131 in a 112 patient Phase IIa proof of concept study in allergic rhinitis. rEV131 met the primary efficacy endpoint (p < 0.05). In addition, rEV131 showed efficacy against mucus and congestion, the most difficult to treat symptoms of rhinitis as well as a rapid onset of action. Evolutec intends to carry out additional proof of concept Phase II trials with rEV131 in post-cataract surgery and dry eye. Positive preclinical data has also been generated in asthma. rEV131 is a histamine binding protein and 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 has a further two molecules in preclinical development. rEV576, a complement inhibitor that was very effective in a preclinical model of myasthenia gravis, and rEV598, which is being evaluated in carcinoid syndrome and CINV (chemotherapy-induced nausea and vomiting). Evolutec is working with Merial to develop anti-tick and anti-tick borne disease vaccines. Evolutec, which is based in Reading, UK, 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 but are now manufactured by bacterial fermentation procedures. 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 DCDB
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