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Xiangxue Pharmaceuticals to Acquire Rights for a Promising Drug Candidate from Kinex Pharmaceuticals for the Greater China Territory
Date:5/21/2012

ies."

Xiangxue Pharmaceuticals is one of the leading pharmaceutical companies in China and has established a strong Research and Development team that is focused on the field of oncology.

"We are delighted to have the opportunity to collaborate with Xiangxue Pharmaceuticals to develop KX02. We are impressed by the high scientific standards of their research team and advisors, as well as the management team's strong commitment to research and development. Kinex will benefit from the scientific and local experience of Xiangxue Pharmaceuticals in the global development of KX02," states Johnson Yiu-Nam Lau, MD, FRCP, Chairman and CEO of Kinex Pharmaceuticals, who was former Chairman and CEO of Ribapharm, a publicly traded company previously listed in the New York Stock Exchange.

"The collaboration with Xiangxue Pharmaceuticals will allow us to accelerate the clinical development of KX02. I am delighted to have the opportunity to work closely with their clinical development team." stated Chief Medical Officer of Kinex Pharmaceuticals, Dr. Rudolf Kwan, who was previously Vice-President of Clinical Research, at Schering-Plough Research Institute.

About Kinex Pharmaceuticals, LLC

Kinex Pharmaceuticals, headquartered in Buffalo, New York, USA, is using its proprietary technologies Mimetica™ and Opal™ to discover and develop novel drugs for oncology and immuno-modulatory diseases. Through a licensing and collaborative agreement, Kinex is also developing products based on the Orascovery technology platform initially developed by Hanmi Pharmaceuticals. More information on Kinex Pharmaceuticals can be found at www.kinexpharma.com

Kinex Pharmaceuticals, LLC Caution Regarding Forward-looking Information

Under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Kinex Pharmaceuticals cautions investors that any forward-looking st
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SOURCE Kinex Pharmaceuticals
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