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Progen Restructures Manufacturing and Drug Discovery Divisions
Date:3/27/2008

utical manufacturing facility that has a long-standing

history of producing commercial bio-pharmaceuticals with FDA approvals;

-- Downsize its manufacturing facility from 17 to 9 FTE staff;

-- Downsize its drug discovery team from 12 to 8 FTE staff; and

-- Retain key staff:

- For continuing development of Progen's discovery heparanase

inhibitor program;

- For biological assessment of the expanded Progen portfolio of

preclinical compounds; and

- To manage the transfer of manufacturing know-how and the submission

of, amongst others, the Chemistry, Manufacturing and Controls (CMC)

parts of the New Drug Application (NDA).

Progen Information:

Linton Burns

Progen Pharmaceuticals Limited

T: +61 7 3842 3333

E: lintonb@progen-pharma.com

Media and Investor Relations Australia:

Cindy Ingram

Progen Pharmaceuticals Limited

T: +61 7 3842 3333

E: cindyi@progen-pharma.com

This press release contains forward-looking statements that are based on current management expectations. These statements may differ materially from actual future events or results due to certain risks and uncertainties, including without limitation, risks associated with drug development and manufacture, risks inherent in the extensive regulatory approval process mandated by the United States Food and Drug Administration and the Australian Therapeutic Goods Administration, delays in obtaining the necessary approvals for clinical testing, patient recruitment, delays in the conduct of clinical trials, market acceptance of PI-88, PI-166 and other drugs, future capital needs, general economic conditions, and other risks and uncertainties detailed from time to time in the Company's filings with the Australian Securities Exchange and the United States Securities and Exchange Commission. Moreover, there can be no assurance that others will
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SOURCE Progen Pharmaceuticals Limited
Copyright©2008 PR Newswire.
All rights reserved

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