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Facet Biotech and Trubion Announce Worldwide Collaboration for the Development and Commercialization of TRU-016
Date:8/28/2009

ell malignancies that is currently in Phase 1 clinical evaluation. In addition to Trubion's current clinical stage product pipeline, the Company is also developing its multi-specific SCORPION technology, both for targeting cell-surface molecules like CD79b and HLA-DR, as well as simultaneously neutralizing soluble ligands like TNF and IL-6. More information is available in the investors section of Trubion's website:http://investors.trubion.com/index.cfm.

Trubion Forward-Looking Statements

Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. These statements include, but are not limited to, those related to the potential development and commercialization of TRU-016 as well as those related to possible future milestone payments to Trubion and other future financial implications of the Facet collaboration. These statements are based on current expectations and assumptions regarding future events and business performance and involve certain risks and uncertainties that could cause actual results to differ materially. These risks include, but are not limited to, risks associated with the Company's Facet collaboration, including the risk that the Company and Facet are unable to advance TRU-016 clinical development programs and regulatory applications and action at the expected rate, the risks that the Company is unable to develop or commercialize TRU-016, the risk that the Company does not earn or receive contingent milestone payments under the collaboration and such other risks as identified in the Company's quarterly report on Form 10-Q for the period ended June 30, 2009, and from time to time in other reports filed by Trubion with the U.S. Securities and Exchange Commission. These reports are ava
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