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Sarissa Capital Issues Open Letter Regarding Astex Pharmaceuticals
Date:10/2/2013

even communicate with Astex.  Notably, since Otsuka does not have the ability to terminate the transaction for any material adverse change related to the results of any clinical trials being conducted by Astex, we believe there is minimal risk that any negative clinical data presented during the successive tender periods could adversely affect the contemplated transaction.

In summary, we believe near term clinical data and the possibility of a properly run bidding process in the future could lead to significantly more value for our Astex shares.

Sincerely,

/s/ Alexander J. Denner, Ph.D.
/s/ Richard C. Mulligan, Ph.D.
Sarissa Capital Management LP


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SOURCE Sarissa Capital
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