Re Agreement

Fulcrum Pharma PLC 13 October 2000 FULCRUM PHARMA DEVELOPMENTS LTD SIGNS DEVELOPMENT AGREEMENT WITH XENOVA GROUP PLC Hemel Hempstead, UK - Fulcrum Pharma plc (LSE: FUL), the independent, drug development company, announced today that the company has entered into a multi-year development agreement with Xenova Group plc (LSE: XEN; Nasdaq: XNVA) for the further development of a next-generation oncology product currently undergoing pre-clinical evaluation and anticipated to enter human clinical trials in 2001. Dr Jon Court, Fulcrum's Chief Executive Officer, welcomed this agreement, saying: 'This is a significant contract for Fulcrum from which we expect to build a long term relationship with Xenova. This relationship gives Xenova greater flexibility in out-sourcing its development requirements. Fulcrum will provide infrastructure and expertise, allowing the immediate start up of the planned programme, without Xenova having to increase its internal resources.' For further information, please contact : Fulcrum Pharma PLC Jon Court, Chief Executive 0700 392 1103 Neil Oughton, Business Development Director 0700 392 1105 Buchanan Communications Nicola How / Louise Bolton 0207 466 5000 Notes to Editors: Fulcrum Pharma plc is an independent, drug development company that is the first to offer global virtual drug development and strategic outsourcing services to the pharmaceutical industry. The Company has expertise in the design, execution and delivery of drug development programmes and relies on state of the art information technology and infrastructure in the supply of its services. Through Fulcrum's services to its clients, the Directors believe that there is the capacity to deliver products faster and more efficiently to the global pharmaceutical market. Fulcrum does this by using its skills in the design of drug programmes that deliver the necessary information for decision-making and product registration. In so doing, Fulcrum works closely with its clients to meet their strategic R&D goals. Fulcrum Pharma is listed on the Alternative Investment Market of the London Stock Exchange having successfully floated earlier this year.
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