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Maxygen Announces Management Changes
Date:3/4/2008

roperty counsel for the company, reporting directly to the CEO. Dr. Kruse has been with Maxygen since March 1998. John Borkholder, who joined Maxygen in November 2005 as senior corporate counsel, has been promoted to chief corporate counsel and was appointed corporate secretary. Mr. Borkholder will continue to oversee the company's SEC and corporate governance compliance, and will take on an expanded corporate advisory role.

"I would like to acknowledge the significant contributions Michael Rabson has made to our company over the years," said Dr. Howard. "Under Michael's leadership, Maxygen has built an IP estate that is recognized as one of the best in the biotechnology industry(1) and a legal team with the expertise to grow and maintain the value of our products."

About Maxygen

Maxygen is a biopharmaceutical company focused on developing improved versions of protein drugs. The company's lead program, MAXY-G34, is designed to be an improved version of long-acting G-CSF for the treatment of neutropenia. MAXY-G34 is currently in Phase II clinical trials. Also in Maxygen's pipeline are a new Factor VIIa product candidate for the treatment of hemophilia and new CTLA4-Ig product candidates for the treatment of rheumatoid arthritis. Maxygen uses its proprietary DNA shuffling technology and extensive protein modification expertise to pursue the creation of biosuperior proteins. http://www.maxygen.com

(1) The Patent Scorecard(TM), http://www.patentboard.com


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