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Palkion Selects Novel Oral Development Candidate for the Treatment of Anemia
Date:6/29/2009

nd candidate selection with ADMET capability. CrystalGenomics is headquartered in Seoul, Korea and its subsidiary, CG Pharmaceuticals Inc. is located in Emeryville, CA for US and EU clinical management. The company has several strategic alliances with pharma/biotech companies including, Daiichi-Sankyo, Carna Biosciences, OncoTherapy Sciences, SBI-Biotech, YuYu Pharma, AmorePacific and Palkion with ProQuest. CrystalGenomics is publicly-held with a listing on the KOSDAQ. For more information on CrystalGenomics, please visit our website at www.cgxinc.com.

Disclaimer

This press release may contain certain "forward-looking statements" regarding the collaboration between Palkion and CrystalGenomics, Inc. These statements are based on the Parties' current expectations and involve risks and uncertainties, which may cause results to differ materially from those set forth in the statements. The forward-looking statements may include statements regarding product development, collaboration potential or financial performance. None of the forward-looking statements are guaranteed, and actual results may differ materially from those projected. The Parties may choose to update this notice in the future, based on new information, future events, or otherwise, but undertakes no obligation to do so. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect the Parties business, including, but not limited to, the health of the global life sciences industry, the growth of the outsourcing business model and the ability of the Parties to derive value from successful collaborations.


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