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The Leukemia & Lymphoma Society and Anjin Group Announce Multi-Year Collaborative Research Agreement
Date:4/16/2008

New Partnership under LLS's Therapy Acceleration Program to Advance

Development of a Treatment for Acute Myelogenous Leukemia

WHITE PLAINS, N.Y., April 16 /PRNewswire/ -- The Leukemia & Lymphoma Society (LLS) and Anjin Group, Inc. today jointly announced the execution of a three-year collaborative research arrangement funded through LLS's Therapy Acceleration Program (TAP).

The arrangement provides for $2.9 million to accelerate the development of a fusion toxin protein for the treatment of acute myelogenous leukemia (AML). Continued funding will be contingent on meeting certain milestones during the course of the partnership. This partnership marks the first drug development alliance announced under TAP, an innovative program intended to advance therapies with high prospects of providing near-term benefit to patients suffering from blood cancers.

"As a company dedicated to rapid development of a drug class with significant potential for the treatment of blood cancers and a number of other severe disorders, Anjin Group is very pleased to have the sponsorship of LLS," said Bill Harrison, Chief Executive Officer of Anjin Group. "This is a significant collaboration for us, and we hope to repay LLS through the development and commercialization of therapies capable of treating a variety of blood cancers."

Louis J. DeGennaro, Ph.D., Chief Scientific Officer of LLS, added, "Our partnership with Anjin Group, the largest announced to date under LLS's Therapy Acceleration Program, is the result of a detailed, year-long selection process. By dedicating a portion of LLS's research funding to a select group of highly motivated, well positioned commercial organizations, coupled with active engagement, development services and clearly crafted milestones, we hope to assist those organizations in speeding effective therapies to our patients. As a results-oriented, patient-focused company with a genuine interest in hematological cancers,
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SOURCE The Leukemia & Lymphoma Society
Copyright©2008 PR Newswire.
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