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Affitech Announces Second Milestone in Roche Antibody Discovery Collaboration
Date:9/23/2008

the discovery of fully human antibodies - (i) Molecule Based Antibody Discovery, and (ii) Cell Based Antibody Discovery. Molecule Based Antibody Discovery involves proprietary PhagemidScreeN and AffiScreeN(TM) technologies and uses validated targets for discovery purpose. Cell Based Antibody Discovery is based on CBAS(TM) technology, which is a "reverse-screening" approach for discovering antibodies and their cognate targets utilizing disease-specific cells. Several of the Company's proprietary product candidates currently in development were generated by CBAS(TM). Affitech also sells its proprietary Protein L product line for the purification of antibody and antibody fragments. Affitech offers collaborators a flexible business model and competitive price structure with low royalty stacking. The Company has concluded deals with commercial organizations such as Omeros, Roche, Peregrine, XOMA, NatImmune, Viventia, Dyax, Micromet, Pharmexa and others. Further information at http://www.affitech.com.

Contacts for Affitech:

Affitech (Norway):

Dr. Martin Welschof

Chief Executive Officer

+47-22-95-87-58

m.welschof@affitech.com

Affitech (USA):

Dr. Rathin C. Das President

+1-925-935-9803

r.das@affitech.com


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SOURCE Affitech AS
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