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PPL Therapeutics Product Review on RecAAT September 16, 2002 Recombinant Alpha-1-Antitrypsin ("recAAT") Under the agreement, signed in August 2000, the clinical development of recAAT is being undertaken in collaboration with Bayer Corporation’s Biological Products Division ("Bayer"). Bayer manages and funds the clinical development and marketing of recAAT. In turn, PPL is responsible for exclusive supply of finished product. PPL and Bayer are due to conduct clinical trials for hereditary emphysema with the intention of commercialising an aerosol formulation of transgenically-produced recAAT worldwide. PPL and Bayer are also collaborating on the development of an aerosol recAAT for a second indication, cystic fibrosis (CF). At the beginning of 2002 PPL and Bayer announced a delay to the recAAT programme in order to permit further work to be carried out on a number of issues that could have caused the higher number of drop outs than would have been expected in a Phase II study carried out by Bayer in 2001. It was agreed that the companies would look at route of administration, dose, purity, and formulation related issues. PPL and Bayer have been particularly aggressive in pursuing the latter two aspects of this joint programme and have made significant progress in developing an extraction process capable of producing product of even greater purity. This work overcomes one of the technical hurdles to the programme moving forward and thereby significantly reducing the development risk. Bayer has contributed substantial technical expertise and scientific consultation and both parties are pleased with the results of this work and plan to further review progress in the next quarter. It has always been the intention of the parties to develop AAT for the treatment of both hereditary emphysema and cystic fibrosis. PPL and Bayer remain committed to the license and launch of an aerosolised recAAT product. The developments reported above continue to support a launch date for the product in 2007. For more information contact: Financial PR Enquiries: Notes to Editors:
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