Ph II Cataract Trial Starts

Evolutec Group PLC 20 June 2006 For immediate release 20 June 2006 EVOLUTEC GROUP PLC ('Evolutec' or 'the Company') COMMENCEMENT OF PHASE II TRIAL IN THE TREATMENT OF INFLAMMATION FOLLOWING CATARACT SURGERY Evolutec Group plc (AIM: EVC), the biopharmaceutical company developing novel products for the treatment of allergic, inflammatory and autoimmune diseases, is pleased to announce the commencement of a 150 patient proof of concept Phase II trial with its lead compound, rEV131, against inflammation following cataract surgery. The trial will compare the anti-inflammatory effects of rEV131 versus prednisolone, the current standard of care, and placebo in post-operative inflammation of the anterior segment of the eye. This randomised double-blind trial is being co-ordinated by Ophthalmic Research Associates ('ORA'), Boston, Massachusetts, under the leadership of Dr Mark B. Abelson, MD. The trial will take place at 10 ophthalmic surgical centres across the US. This trial follows a successful preclinical study showing rEV131 to be as effective as prednisolone 1.0%, a corticosteroid. rEV131, dosed twice a day, will be compared with prednisolone, dosed four times a day over a two week period. The primary endpoints of the trial are flare and cell counts, which are accepted by the US Food and Drug Administration ('FDA') for measuring inflammation in the anterior chamber of the eye. The Company believes the value of the post-cataract surgery inflammation market to be approximately $500 million. Mark Carnegie Brown, Evolutec's Chief Executive Officer, commented: 'The start of this trial follows the commencement of a 300 patient Phase IIb trial of rEV131 in allergic rhinitis (hay fever) as announced earlier this month. This added momentum represents a step change in Evolutec's news flow with both trial results anticipated by the end of 2006.' ENDS For further information: Evolutec 0118 922 4480 Mark Carnegie Brown, Chief Executive Officer Nicholas Badman, Chief Financial Officer www.evolutec.co.uk Buchanan Communications 020 7466 5000 Mark Court/Tim Anderson/Mary-Jane Johnson Notes for Editors: About Evolutec Evolutec, which is based in Reading, UK, is a clinical stage biopharmaceutical company with a focus on allergy, inflammation and auto-immune diseases. The Company has completed a positive 112 patient proof of concept Phase IIa clinical trial with rEV131, its lead product development candidate, in allergic rhinitis. rEV131 met the primary endpoint of reducing the sum of symptom scores at statistically significant levels within 45mins of administration. In addition to the Phase IIb trial in rhinitis and the proof of concept Phase II trial in post-cataract, Evolutec also intends to complete a proof of concept Phase II trial in dry eye in 2006/7. Following positive preclinical data, Evolutec intends to carry out a Phase I trial of rEV131 in asthma in 2007. The Company has a further two product development candidates in pre-clinical development: rEV576, a complement inhibitor, and rEV598, which is being evaluated in CINV (chemotherapy-induced nausea and vomiting). rEV576 has demonstrated preclinical activity against the autoimmune disease myasthenia gravis and in acute myocardial infarction ('AMI') (heart attack). Evolutec has a research collaboration with Case Western Reserve University, Cleveland, Ohio, to carry out further preclinical testing of rEV576 in myasthenia gravis. The rights to Evolutec's vaccine technology for animals are partnered with Merial, which is currently undertaking work in tick-borne diseases. Evolutec is listed on the AIM market of the London Stock Exchange and develops therapeutics originally isolated from the saliva of ticks. The tick remains undetected by its hosts, including humans, by injecting an array of molecules into the skin that suppresses host immunity. These stealth molecules have undergone millions of years of natural evolution to select a promising efficacy, potency and safety profile. 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
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