ALBUMEDIX ANNOUNCES EVALUATION AGREEMENT WITH A TOP PHARMA COLLABORATOR

PRESS RELEASE: Nottingham, UK, August 1st – Novartis and Albumedix Ltd. (‘Albumedix’) have entered into an agreement to evaluate the development of several first-in-class therapeutics using Albumedix’s Veltis^® technology platform and associated technologies.

Novartis will evaluate molecules in combination with Albumedix´s engineered albumin variants for enhanced delivery. Beyond the modulation of pharmacokinetic profiles, the potential for novel routes of administration and mechanisms of action will be assessed. Novartis will evaluate Albumedix’s Veltis technology across multiple therapeutic areas and against multiple targets.

“This collaboration is an excellent example of how our Veltis technology platform holds great potential for optimizing the therapeutic performance of pharmaceuticals across a broad range of targets and indications” commented Dr. Phil Morton, Chief Technology Officer, Albumedix. “We look forward to a strong collaboration with the various research teams at Novartis for the advancement of albumin-enabled therapeutics.”

About Veltis:

Veltis is a unique drug delivery technology platform based around Albumedix’s engineered human albumin variants. The technology offers great potential for the development of novel therapies with tailored delivery and improved therapeutic performance. Based on ground-breaking science, Veltis displays an unprecedented affinity for albumin’s natural receptor, the Neonatal Fc Receptor (FcRn); opening the possibility for monthly dosing as well as novel delivery and targeting mechanisms.

About Albumedix:

Albumedix is a science-driven, biotechnology company focused on developing superior biopharmaceuticals utilizing our albumin-based drug enhancing technologies. Dedicated to Better Health, we partner with excellence to improve therapies for people with serious diseases. We are proud to be recognized as the world leader in recombinant human albumin and are as passionate about albumin-enabled therapeutics as we were when we started 30 years ago. Headquartered in Nottingham, United Kingdom, we are more than 80 people, all committed to improving patient’s quality of life.