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Cytos Biotechnology Ltd Reports First Quarter 2013 Financial Results and Recent Development
Date:4/24/2013

ZURICH, April 25, 2013 /PRNewswire/ --

 -    Phase 2b clinical trial of CYT003 in allergic asthma on-going as planned

 -    Cytos' VLP platform is basis for a phase 1 clinical trial with an Anti-lgE Vaccine partnered with and conducted by Pfizer

 -    Management team further strengthened

 -    The Journal of Allergy and Clinical Immunology publishes phase 2a study results with Cytos Biotechnology's CYT003 for the treatment of allergic asthma

Cytos Biotechnology Ltd. ("Cytos" or the "Company") announced today financial results and business highlights for the quarter ended March 31, 2013.

Highlights

The Phase 2b clinical trial with its lead product candidate, CYT003, for the treatment of allergic asthma is on-going as planned. The study is expected to read out top-line data in 1H 2014.

Cytos' VLP vaccine platform is basis for a Phase 1 clinical trial with an anti-IgE vaccine conducted by Pfizer. Pfizer acquired worldwide exclusive rights to develop, manufacture and commercialize this vaccine candidate in 2009.

Cytos' management team is further strengthened by the appointment of Matthias Alder as Executive Vice President for Corporate Development and Legal Affairs and Cheryl Lassen as Vice President for Clinical Development.

The data from the Phase 2a clinical trial with CYT003 were published in the March issue of The Journal of Allergy and Clinical Immunology (JACI) in the article entitled "The novel TLR-9 agonist QbG10 shows clinical efficacy in persistent alle
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SOURCE Cytos Biotechnology Ltd
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