FASgen Announces Significant Milestone in Its Cancer Drug Developme...(nish or even avoid many of the adversesi...),Health

The Company is pleased with the news that NCI has agreed to support the development of these compounds at The Johns Hopkins Oncology Center through a grant to Hopkins for research into treatment of lung cancer and has been separately supporting the Company with grant funding for ovarian cancer. The Company is developing the clinical trial program to test these compounds in Phase I/II trials at Hopkins and other centers. "This news has changed the direction of the Company from a research organization to a drug development company, and, of course, has increased the need for funding. After 7 years of research, the Company is now seeking its first major round of outside financing," said Eric F. Stoer, Chairman of Board.

About FASgen, Inc.: FASgen, Inc. is a drug development company founded in 2000 by four distinguished Johns Hopkins researchers to create new therapeutic products based on the selective inhibition of fatty acid biosynthesis. The Company has the exclusive license from Johns Hopkins to more than 15 years of research in the field, which research continues under a sponsored research agreement with the University.

The Company has designed and synthesized many compounds that selectively inhibit fatty acid biosynthesis. One group of these compounds holds great promise for new a highly specific therapeutics for cancer; additional compounds have the potential of specific therapeutics for obesity and related metabolic disorders, and yet an additional group of compounds have the potential of specific therapeutics for TB, including multiple drug resistant TB (MDR-TB) and latent TB infections that affect one third of the world's population. For more information, visit FASgen's website at http://www.fasgen.com.