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Addex Presents Data on ADX10059 at the Annual Meeting of the American Academy of Neurology


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2009-04-30 15:04:06 -


London, April , 29, 2009
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Data Suggests Glutamate Receptor "mGluR5" is Clinically Relevant for
                              Migraine

Geneva, Switzerland, April 29,  2009 - Allosteric modulation  company
Addex Pharmaceuticals (SIX:ADXN) announced today the presentation  of
Phase IIa data on ADX10059, an mGluR5 negative allosteric  modulator,
which shows efficacy in treating acute migraine attacks and  provides
evidence that  inhibition of  this glutamate  receptor subtype  could
play a role in stopping migraine attacks before they start. Data were
presented at  the 61st  Annual  Meeting of  the American  Academy  of
Neurology (Seattle, USA).

"Medication is available to prevent migraine but these treatments are
often secondary uses of the  drug and come with potentially  limiting
side-effects," noted Dr.  Peter Goadsby of  the UCSF Headache  Center
and investigator in the study. "New therapies specifically  developed
for migraine  prevention  are  urgently  needed  especially  for  the
substantial  proportion  of  migraine  sufferers  who  have  frequent
attacks  and  have  significant  disability  in  their  daily  lives.
Targeting mGluR5 signaling with  ADX10059 is an interesting  approach
that is showing significant promise in early clinical evaluation."

Preclinical experiments and small  scale studies in migraineurs  with
drugs like ketamine, which acts  on glutamate signaling through  NMDA
receptors (functionally related  to mGluR5) and  the NMDA  antagonist
memantine, suggest that  mGluR5 could  play a role  in the  "migraine
circuit," a positive feedback loop  that generates the symptoms of  a
migraine attack. The initial step to test this hypothesis was  Addex'
proof of concept study in acute treatment of migraine attacks.

In the Phase  IIa trial of  129 migraine patients  presented at  ANN,
significantly more patients taking ADX10059 than those taking placebo
(16.7% vs  4.7%, respectively  p =  0.039) were  pain-free two  hours
after dosing. ADX10059 administration yielded better pain improvement
than placebo at all time points up to two hours after treatment of  a
migraine attack. In  addition, there were  trends to superiority  for
ADX10059 over placebo for migraine pain improvement (mild or no pain)
at all time points up to two hours post-dosing.

 "The clinical trial data for ADX10059, presented here at AAN, proved
the   concept   that   by   terminating   acute   attacks   in   some
patients, mGluR5 inhibition plays a role in migraine pathophysiology.
Now we are  looking forward to  the data from  our ongoing Phase  IIb
migraine prevention study in the first half of 2010," said  Charlotte
Keywood, chief medical officer.

In December 2008, Addex initiated a Phase IIb trial to study ADX10059
as a prophylactic agent in  migraine. The 12-week trial will  compare
ADX10059 (25mg, 50mg  or 100mg) versus  placebo in migraine  patients
who suffer three or  more attacks per month.  Data from the  migraine
prevention trial are expected in the first half of 2010.

AAN Abstract P06.006: Investigation of the Role of mGluR5  Inhibition
in Migraine: A Proof of Concept Study of ADX10059 in Acute  Treatment
of Migraine will be presented by Peter Goadsby, Director of the  UCSF
Headache Center, San Francisco, and Charlotte Keywood, Chief  Medical
Officer, Addex Pharma during Poster Session VI: Headache III  in room
6E  on Wednesday, April 29,  2009 4:00 PM. The authors are  available
for interviews prior to and during the conference.

Migraine is  a condition  distinguished by  recurrent episodes  of  a
characteristic headache, which  can be  accompanied by  a variety  of
other symptoms such as  nausea, and sensitivity  to light and  sound.
The  average  migraine  patient  suffers  12  attacks  a  year.   The
International Headache Society estimates  that about 25% of  migraine
patients have three or more attacks per month and could benefit  from
migraine prevention  treatment. A  migraine attack,  which  typically
lasts about  24  hours but  can  range  from 4-72  hours,  has  three
distinct phases:  the prodrome  phase, when  an array  of  individual
warning signs -  like blurred vision  or tingling of  the skin -  may
begin to appear; the  headache phase; and  the postdrome phase,  when
many patients report  fatigue or other  "hangover-like" symptoms.  As
migraine attacks are  prolonged, many patients  and especially  those
with frequent attacks, lose a  significant amount of work and  family
time  to  suffering  caused  by  the  disease.  Indeed,  migraine  is
currently estimated to  cost employers $13  billion annually in  lost
productivity  in  the  United  States.  Prevalence  of  migraine   is
estimated at 12% in the United States, where about 30 million  people
suffer  from  migraine.   Given  the   role  of   glutamate  in   the
pathophysiology of migraine, the future of migraine prophylaxis,  may
lie in  modulating one  of  the receptors  in the  glutamate  system,
mGluR5.

mGluR5 inhibition: Research  has shown  that glutamate  is the  major
neurotransmitter involved in  the initiation and  the propagation  of
the migraine circuit, a positive feedback loop that leads to pain and
inflammation in  the brain  and hence  migraine symptoms.  mGluR5  is
known to be expressed in key  brain regions involved in the  migraine
circuit. Addex postulated that ADX10059 could interrupt the  migraine
circuit to abort an active  attack and potentially prevent an  attack
from being triggered.  ADX10059 has  been shown  by Addex  to have  a
superior effect to placebo in acute treatment of migraine headache in
Phase IIa testing. Inhibition of mGluR5 has therapeutic potential  in
multiple indications  because  mGluR5 is  involved  in a  variety  of
functions in the central and peripheral nervous systems*. In addition
to migraine,  mGluR5  inhibitors  have  achieved  clinical  proof  of
concept in separate studies in patients with gastroesophageal  reflux
disease  (GERD),  Parkinson's  disease  levodopa  induced  dyskinesia
(PD-LID) and generalized anxiety disorder (GAD). Inhibition of mGluR5
also has potential in Fragile X syndrome.

*mGluR5   antagonists:   Discovery,    characterization   and    drug
development, Current  Opinion in  Drug Discovery  & Development  2008
11(5):655-665


Addex Pharmaceuticals  (www.addexpharma.com) discovers  and  develops
allosteric modulators for human  health. Allosteric modulators are  a
different kind of orally available small molecule therapeutic  agent,
which we believe  will offer patients  better results than  classical
drugs. Our lead allosteric modulator product, ADX10059, has  achieved
clinical proof  of  concept and  is  in  Phase IIb  testing  for  the
treatment of  GERD  and,  separately,  migraine  headache.  Both  are
important diseases  for  which  existing  products  have  established
multi-billion dollar markets  despite sub-optimal efficacy.  ADX10059
is a  first-in-class mGluR5  inhibitor, a  therapeutic strategy  that
also is being pursued to  treat multiple indications by large  pharma
competitors.

Our product pipeline and technology  already have proven their  value
through our  relationships with  four of  the top  10  pharmaceutical
companies  in  the  world.  Specifically,  in  two  separate  license
agreements with  Merck  &  Co.,  Inc.,  we  are  developing  positive
allosteric  modulators  of  mGluR4  and  mGluR5  as  drugs  to  treat
Parkinson's  disease   and  schizophrenia,   respectively.  A   third
agreement, with  Ortho  McNeil  Pharmaceuticals  Inc.,  a  Johnson  &
Johnson company,  is focused  on development  of positive  allosteric
modulators of mGluR2 to treat anxiety and schizophrenia.  Separately,
investment funds from Roche  and GlaxoSmithKline have extended  their
validation of  our  technology,  products and  management  by  making
significant investments in Addex.

Chris Maggos
Head of IR & Communications
Addex Pharmaceuticals
+41 22 884 15 11
chris.maggos@addexpharma.com



Disclaimer:The foregoing release may contain forward-looking
statements that can be identified by terminology such as "not
approvable", "continue", "believes", "believe", "will", "remained
open to exploring", "would", "could", or similar expressions, or by
express or implied discussions regarding Addex Pharmaceuticals Ltd,
its business, the potential approval of its products by regulatory
authorities, or regarding potential future revenues from such
products. Such forward-looking statements reflect the current views
of Addex Pharmaceuticals Ltd regarding future events, future economic
performance or prospects, and, by their very nature, involve inherent
risks and uncertainties, both general and specific, whether known or
unknown, and/or any other factor that may materially differ from the
plans, objectives, expectations, estimates and intentions expressed
or implied in such forward-looking statements. Such may in particular
cause actual results with allosteric modulators of mGluR2, mGluR4,
mGluR5, mGluR7 or other therapeutic targets to be materially
different from any future results, performance or achievements
expressed or implied by such statements. There can be no guarantee
that allosteric modulators of mGluR2, mGluR4, mGluR5, mGluR7 will be
approved for sale in any market or by any regulatory authority. Nor
can there be any guarantee that allosteric modulators of mGluR2,
mGluR4, mGluR5, mGluR7 or other therapeutic targets will achieve any
particular levels of revenue (if any) in the future. In particular,
management's expectations regarding  allosteric modulators of mGluR2,
mGluR4, mGluR5, mGluR7 or other therapeutic targets could be affected
by, among other things, unexpected actions by our partners,
unexpected regulatory actions or delays or government regulation
generally; unexpected clinical trial results, including unexpected
new clinical data and unexpected additional analysis of existing
clinical data; competition in general; government, industry and
general public pricing pressures; the company's ability to obtain or
maintain patent or other proprietary intellectual property
protection. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those anticipated, believed,
estimated or expected. Addex Pharmaceuticals Ltd is providing the
information in this press release as of this date and does not
undertake any obligation to update any forward-looking statements
contained in this press release as a result of new information,
future events or otherwise, except as may be required by applicable
laws.

hugin.info/138017/R/1309787/302655.pdf


 
--- End of Message ---

Addex Pharmaceuticals
12, chemin des Aulx Plan-les-Ouates, Geneva 
Switzerland

ISIN: CH0029850754; Index: SLIFE, SPI, SPIEX, SSCI;
Listed: Main 
Market in SIX Swiss Exchange;


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