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Intellect Neurosciences, Inc. and Medical Research Council Technology (U.K.) Reach Important Milestone in Generating an Alzheimer's Therapeutic Antibody
Date:6/24/2008

e costs. It is estimated that there are over 12 million people suffering from Alzheimer's disease in the developed countries with the number increasing also in developing countries as the global population ages. Currently marketed drugs transiently affect some of the symptoms of the disease, but there are no drugs on the market today that slow or arrest the progression of the disease. These symptomatic drugs are projected to generate approximately $4 billion in sales by 2008, indicating both the size of the market and the demand for effective treatment beyond symptomatic improvements.

About Intellect Neurosciences, Inc.

Intellect Neurosciences, Inc. is a biopharmaceutical company engaged in the discovery and development of disease-modifying therapeutic agents for the treatment and prevention of Alzheimer's disease and other disorders. The company has a broad proprietary immunotherapy platform for both passive and active immunization against Alzheimer's disease. Also, Intellect has recently completed Phase I clinical trials for OXIGON(TM), a unique antioxidant and anti-amyloid compound that has potential to treat Alzheimer's disease and other disorders.

For additional information, please visit http://www.intellectns.com, or contact:
Elliot Maza, JD, CPA

President & Chief Financial Officer Intellect Neurosciences, Inc.

7 West 18th Street, 9th Floor New York, NY 10011,

USA Tel: 212-448-9300

About Medical Research Council Technology

MRCT is the exclusive commercialization catalyst for the UK Medical Research Council (MRC), working to translate cutting edge scientific discoveries into commercial products. MRCT bridges the gap between innovative basic science and making medicine. By providing both chemical tools and antibody therapeutic antibody candidates, MRCT gives pharmaceutical and biotechnology companies new starting points for discovery and developm
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SOURCE Intellect Neurosciences, Inc.
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