TIDMLPX 
 
RNS Number : 4268R 
Lipoxen PLC 
30 April 2009 
 

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| For immediate release                |                        30 April 2009 | 
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Lipoxen plc and Cambridge Biostability Ltd 
 
 
 
 
Positive Data for Revolutionary Influenza Vaccine 
 
 
 
 
 Suitability for stockpiling in preparation for H1N1 flu pandemic 
 
 
Lipoxen plc (AIM:LPX) ("Lipoxen" or "the Company"), a bio-pharmaceutical company 
specialising in the development of high value differentiated biologicals, 
vaccines and siRNA delivery, and Cambridge Biostability Ltd (CBL), the developer 
of temperature stable vaccines and biopharmaceuticals, are pleased to announce 
that they have achieved positive preclinical results for the delivery of a novel 
and enhanced influenza vaccine based on the combination of Lipoxen's novel 
vaccine delivery system 'ImuXen' and CBL's proprietary VitRIS stabilisation 
platform. 
 
 
The study results show that ImuXen increases the effectiveness of influenza 
vaccine materials by approximately 30-fold. In addition, the VitRIS formulation 
enhances the efficacy of the vaccine a further 4-fold. As a combined product, 
the VitRIS-preserved ImuXen formulation has the potential to achieve a 
projected 10-fold advantage in vaccine production rates, addressing the greatest 
potential need for seasonal and pandemic influenza vaccines for existing and 
newly emerged flu viruses. 
 
 
Highlights of the results: 
  *  ImuXen shown to increase the effectiveness of influenza vaccines by 
  approximately 30-fold 
  *  VitRIS formulation enhances the efficacy of the vaccine by a further 4-fold 
  *  Potential to radically increase output of vaccine doses from existing 
  manufacturing facilities  - projected 10-fold advantage in vaccine production 
  rates 
  *  No requirement for 'cold-chain' of refrigerated trucks, warehouses and fridges 
 
 
 
The study, which was undertaken by Lipoxen and CBL with analysis of blood 
samples conducted by Retroscreen Virology Ltd in London, was set up to determine 
the capability of Lipoxen's ImuXen technology, in combination with CBL's VitRIS 
stabilisation technology, to create a stable vaccine formulation that would 
increase antibody production against an H1N1 Influenza virus which was supplied 
by the UK National Institute for Biological Standards and Control (NIBSC), the 
Government body responsible for safeguarding and advancing public health by 
assuring the quality and safety of biologicals. Data from the study was 
independently reviewed by Professor Will Irving, a Consultant Virologist at 
Nottingham University's Queen's Medical Centre and a leading UK virologist who 
has worked on influenza for over 15 years. 
 
 
Lipoxen, in association with CBL and with funding from the Technology Strategy 
Board (formerly the DTI), have created a novel water-free influenza vaccine 
formulation, that will be heat and freeze stable and will not require 
refrigeration during transport, storage and distribution. 
 
 
Lipoxen's ImuXen technology entraps regular flu vaccine material (killed virus 
particles) into the Company's proprietary liposomes to provide an enhanced 
antibody response compared to a regular vaccine formulation.  CBL's VitRIS 
technology enables the liposomes to be dried and stabilised within microscopic 
particles of sugar glass which can then be suspended in a user-friendly 
biocompatible oil. The thermostable liquid vaccine is then ready for immediate 
injection and has the added advantage that it can be used for long term 
stockpiling. 
 
 
The results of the study give clear indication that Lipoxen's vaccine technology 
coupled with CBL's formulation techniques, not only provide a significantly 
enhanced vaccine response but also a dramatic advantage in increased vaccine 
production rates.This advantage addresses the greatest need of seasonal and 
pandemic influenza vaccines based on newly emerged flu viruses, such as the 
recent swine flu outbreak.. 
 
 
Following the study results, Lipoxen have selected a lead vaccine candidate and 
are currently conducting stability studies at elevated temperature in 
partnership with CBL. 
 
 
Lipoxen and CBL are also in discussion with major vaccine manufacturers with a 
view to licensing the new technology package for pandemic and seasonal influenza 
vaccines. 
 
 
Commenting on the announcement, M. Scott Maguire, CEO of Lipoxen, said: 
 
 
"This new very positive data on a novel flu vaccine candidate comes at a 
critical time for the World particularly in light of the current potential for 
a swine flu outbreak where the death toll is climbing daily and the spread of 
disease is an enormous current global threat.  These results show that we have 
the technology to develop a novel flu vaccine candidate suitable for pandemic 
planning. Our vaccine candidate offers the advantages of enhanced immune 
response, fast and high volume production as well as no requirement for a 
cold-chain, all ideal characteristics in planning for further pandemic 
situations. Based on the results we are encouraged to believe that it would also 
work for the new swine flu 2009 strain since an earlier human derived H1N1 
strain was used in the studies reported today. We look forward to working with 
CBL to maximise the commercial potential of this flu vaccine candidate." 
 
 
Also commenting on this announcement, Dr David Moss, Director of Research 
at Cambridge Biostability, said: 
 
 
"We are delighted that our VitRIS technology has allowed the development of a 
thermo-stable, instantly injectable vaccine against influenza. Thermostability, 
the removal of reliance upon the cold chain, coupled with the fact that the 
vaccine needs no reconstitution prior to injection are two major steps forward 
in the development of the next generation of vaccines and other biologics aimed 
at both the developing and developed world markets." 
 
 
Adding to this, Professor of Virology Will Irving, an independent Consultant 
Virologist at Nottingham University's Queens Medical Centre, said: 
 
 
"This new influenza vaccine formulation has generated some very exciting data. 
The potential to generate protective antibody responses whilst using 
surprisingly low doses of antigen is a major potential breakthrough - in the 
H5N1 vaccine field, published data suggest that prohibitively large doses of 
antigen may be needed in order to generate protective responses. The novel 
delivery vehicle, showing stability at ambient temperatures, will also be a huge 
benefit, allowing delivery of vaccine in situations which otherwise would 
experience great difficulties in achieving successful transport and storage of 
traditional vaccine preparations." 
 
 
 
For further information: 
 
 
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| Lipoxen plc                                     |    +44 (0)20 7691 3583  | 
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| M. Scott Maguire, Chief Executive Officer       |                         | 
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|                                                 |                         | 
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| Cambridge Biostability Ltd                      |      +44 (0)1223 437400 | 
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| Kiran Gulati, Director of Business Development  |                         | 
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|                                                 |                         | 
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| Singer Capital Markets (nominated adviser)      |     +44 (0)20 3205 7500 | 
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| Jeff Keating / Claes Spång                      |                         | 
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|                                                 |                         | 
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| Noble & Company                                 |   +44 (0) 20 7763 2200  | 
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| John Llewellyn-Lloyd / Sam Reynolds             |                         | 
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|                                                 |                         | 
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| Buchanan Communications                         |     +44 (0)20 7466 5000 | 
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| Mary-Jane Elliott, Lisa Baderoon, Rebecca Skye  |                         | 
| Dietrich, Catherine Breen                       |                         | 
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Notes to Editors 
About Influenza and reasons for the study 
Influenza has been established as a serious human affliction that can cause 
localised epidemics and global pandemics of acute respiratory infections. Each 
year the Influenza virus is responsible for 20,000 to 40,000 deaths and up to 
300,000 hospitalisation cases in the United States (Sandhu & Mossad, 2001). In 
the pandemic of 1918 it is widely believed that in excess of 40 million people 
died. 
 
 
Although children and younger adults experience more cases of infection, 
severe illness is more common in the elderly, immunocompromised individuals, or 
those with chronic illnesses such as asthma, diabetes, kidney failure and heart 
disease. (Stamboulian et al., 2000). 
 
 
The annual epidemics run from November to March in the Northern Hemisphere, 
and from April to September in the Southern Hemisphere (Cox & Subbarao, 
2000). The impacts of these viruses have led to the search for alternative 
compounds with which to minimize their effects within human populations. 
 
 
Immunisation, with current inactivated vaccines given parentally, is effective 
at reducing mortality, attenuating the symptoms of the disease, and minimising 
the sequelae associated with Influenza. It has also been proposed that 
immunisation of young children, identified as enhancing ongoing viral 
transmission in communities (Reichert, 2002; Reichert et al., 2001), might 
significantly reduce the spread of Influenza virus in the community. Therefore, 
the development of an efficacious highly tolerable vaccine, suitable for all 
members of a community would be of great benefit. 
 
 
The majority of current vaccines have several limitations, including 
non-biodegradability, a depot effect, inflammation and induration at the site of 
injection, and either a weak, or no, cellular immune response. Attempts to 
increase antibody response by increasing the antigen content per dose have not 
always resulted in improved immunogenicity (Couch et al., 1997). 
 
 
 
 
About Lipoxen 
Lipoxen plc (AIM: LPX) is a biopharmaceutical company specializing in the 
development of high value differentiated biologicals, vaccines and siRNA 
delivery. Products currently under development include improved formulations of 
important biologicals such as erythropoietin (EPO), G-CSF, insulin and 
Interferon-alpha. Lipoxen has two products in clinical development SuliXen, a 
long acting insulin and long-acting EPO. These novel products, which are based 
on Lipoxen's proprietary PolyXen  technology, each address markets in excess of 
US$1 billion. 
 
 
Lipoxen's technology is designed to improve the stability, biological half-life 
and immunologic characteristics of therapeutic proteins naturally. Lipoxen has 
two further naturally-derived proprietary delivery technologies, ImuXen  and a 
related liposomal technology to enhance the efficacy and safety of various 
vaccines such as a multivalent Hepatitis B-E, HIV and pneumococcal vaccines. The 
Company has a third technology, siRNAblate for the delivery of siRNA. The 
Company's proprietary delivery technologies are attracting significant interest 
from the world's largest biopharma companies and Lipoxen is currently 
co-developing products with the Serum Institute of India Limited (one of the 
world's leading vaccine companies, India's largest biotech company and a major 
shareholder in Lipoxen) and has license agreements in place with Baxter 
International and Schering-Plough and a grant for development of a novel HIV 
vaccine candidate from International AIDS Vaccine Initiative (IAVI), the world's 
leading AIDS vaccine organization. 
 
 
Lipoxen was admitted to trading on the AIM Market of the London Stock Exchange 
in January 2006.  For more information please visit 
www.lipoxen.com.www.lipoxen.com. 
 
 
About Cambridge Biostability Ltd 
 
 
Cambridge Biostability Ltd is a biotechnology company which has developed unique 
expertise and technologies that enable the formulation of a wide range of 
vaccines, both live and inactivated, and other biologics, including monoclonal 
antibodies, nucleic acids, growth factors and hormones, into thermo-stable, 
instantly injectable formats requiring no refrigeration or reconstitution. 
 
 
CBL's technology is based on two main platforms - VitRISTM and HydRIS , both of 
which use glass-forming excipients to enable the development and production of 
"user-friendly" biopharmaceuticals. 
 
 
Temperature stability offers significant benefits as it increases 
shelf-life, reduces the cost of administration and storage, enables efficient 
and economic stockpiling to meet sudden increases in demand and enables 
treatment for patients in the field without the need for expensive and often 
logistically difficult refrigeration. 
 
 
The Company has filed several patent families worldwide and has a portfolio of 
development programmes underway including a US Government (NIAID)-funded 
study in collaboration with DynPort Vaccine Company to develop a stable, 
multivalent vaccine against botulism and a collaborative research programme with 
the University of Oxford, funded by the Bill and Melinda Gates Grand Challenge 
Fund, aimed at creating safe, easy to administer, thermo-stable vaccines for 
HIV, malaria and tuberculosis. 
 
 
To learn more about CBL please visit our web site at www.biostability.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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