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Morphotek®, Inc. Announces Acquisition of Tumor Targeting Assets From Transmolecular, Inc.
Date:4/4/2011

tone payments from this transaction.  We have great confidence in Morphotek's ability to develop innovative therapies created from TMI's broadly enabling platform technology, and we look forward to seeing these therapies benefit patients," added Curt LaBelle, Director of the Board of TMI."

The transaction provides Morphotek and Eisai exclusive ownership of TTP for therapeutic and diagnostic uses.  Morphotek intends to pursue the TTP platform through collaboration with other EPCS units to develop TTP conjugates for treating a variety of different cancers.

About Morphotek

Morphotek, Inc., a subsidiary of Eisai Inc., is a biopharmaceutical company specializing in the development of protein and antibody products through the use of a novel and proprietary gene evolution technology.  The technology has been successfully applied to a broad variety of cell lines and organisms to yield genetically diverse offspring that are suitable for pharmaceutical product development in the areas of antibody therapeutics, protein therapeutics, product manufacturing, drug target discovery, and improved output traits for commercial applications.  The company is currently focusing its platform on the development and manufacturing of therapeutic proteins for the treatment of cancer, inflammation and infectious disease.  For more information, please visit www.morphotek.com.

About Eisai Inc.

Eisai Inc. was established in 1995 and is ranked among the top-20 U.S. pharmaceutical companies (based on retail sales).  The company began marketing its first product in the United States in 1997 and has rapidly grown to become a fully integrated pharmaceutical business.  Eisai Inc.'s areas of commercial focus include neurology, gastrointestinal disorders and oncology/critical care.  The company serves as the U.S. pharmaceutical operation of Eisai Co., Ltd., a research-based human health
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SOURCE Morphotek, Inc.
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