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EpiStem Successfully Complete First Year of Mucositis Tests for NIH Biodefence Programme
Date:9/19/2007

pies is also developing its clinical diagnostic biomarker technology.

Combined Business Model

The Group is exploiting its combined business model to advance its own therapeutic candidates to late preclinical stage development. The business model integrates the discovery efforts of Novel Therapies with the efficacy testing assays of its Contract Research Services Division, to identify and characterise new drug candidates. Revenues generated by Contract Research Services will assist in offsetting Novel Therapies' investment requirements for the discovery and development of therapeutics. In February 2007, EpiStem licensed its first drug candidate to a clinical development company. With the validation of the Novel Therapies discovery platform and the achievement of discovery milestones, the Directors believe that additional licensing partnerships will be forthcoming for therapeutics, diagnostics and cosmeceuticals starting in 2008.

For more information please contact:

Matthew Walls

Chief Executive Officer

EpiStem Ltd

+44-(0)-161-606-7258

Mike Wort, Anna Dunphy

MC Bio-Communications Limited

+44-(0)-20-7744-7711

Thilo Hoffmann

Landsbanki Securities (UK) Limited

+44-(0)-20-7426-9000


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SOURCE Epistem Ltd
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