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arGEN-X Raises EUR9.5 Million to put SIMPLE Antibody(TM) Platform to Work
Date:9/10/2009

e. The current financing round will allow arGEN-X to unlock the real value of its technology. Forbion is very pleased to support arGEN-X's future plans in the highly attractive monoclonal antibody space."

John de Koning, PhD, Partner at LSP continued: "We are impressed by arGEN-X's SIMPLE Antibody(TM) platform, its strong proprietary position and its ability to efficiently generate gold standard, human antibodies as demonstrated by the Company's lead program. We believe arGEN-X is well positioned to play an important role in tomorrow's human monoclonal antibody market."

Peter Verhaeghe, Chairman of the Board of arGEN-X added: "We are very pleased with this significant equity financing, one of the largest early stage investments in our sector in the past year. arGEN-X's ability to raise this significant financing from such a high quality investor syndicate in a very difficult financial market is a strong vote of confidence in and a testimony to the tremendous value creation potential of the Company and its Team. arGEN-X is now well positioned to execute its business plan over the next two years."

Note for the Editor

About arGEN-X - http://www.arGEN-X.com

arGEN-X is a research stage biopharmaceutical company with a broadly applicable, proprietary SIMPLE Antibody(TM) platform. The platform allows arGEN-X to create an unparalleled diversity of in vivo generated antibody leads against a broad range of human disease targets. This superior choice of ultra-high affinity and highly potent leads, having best-in-class human homology, allows for more stringent lead selection criteria, thereby increasing the probability of success later in the drug development path. The Company has validated its monoclonal antibody platform on two human disease targets and has broad patent claims in place covering its technolo
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