Lux Biosciences to Provide Update on Four Pipeline Programs, Including Two Phase 3 Clinical Programs, at ARVO

JERSEY CITY, N.J.--(BUSINESS WIRE)--Feb 26, 2008 - Lux Biosciences, Inc., a privately held biotechnology company specialized in the field of ophthalmic diseases, announced today the online publication of abstracts for presentations by the company and its collaborators concerning the development of the company's lead phase 3 products LX211 and LX201, as well as two earlier stage projects. The presentations will be part of the upcoming ARVO 2008 Annual Meeting, "Eyes on Innovation," to be held April 27 - May 1, 2008 in Fort Lauderdale, FL. Access to the published abstracts is available on the ARVO website at http://www.arvo.org.

"We will be showcasing at ARVO the depth of Lux Biosciences' development pipeline, and we are very pleased to report remarkable progress with all of our projects," said Ulrich Grau, Ph.D., Lux Biosciences President and Chief Executive Officer. "Notably, during this meeting we have presentations on our two phase 3 clinical programs in uveitis and in cornea transplantation. We also will be presenting highly original work with bioerodible polymers as well as a clear, mixed micellar formulation for ocular delivery of our next generation calcineurin inhibitor (LX212 and LX214, respectively). These latter two product candidates are tailor-made for dry eye and other, highly prevalent chronic inflammatory diseases of the eye." -0-

Lux Biosciences' presentations include two orally presented papers:


Program Number:              1146

Abstract Title:              Design of Phase 2/3 Clinical Trials of a

                              Cyclosporine A Eluting Implant, LX201,

                              for the Prevention and Treatment of

                              Corneal Allograft Rejection or Graft

                              Failure in Patients at High Risk

Session Number:              210

Session Date/Start Time:     Monday Apr 28, 2008, 8:30 AM - 10:15 AM

Presentation Start-End Time: 8:30:00 AM - 8:45:00 AM

Room:                        Floridian Ballroom BCD


Program Number:              5007

Abstract Title:              Development of a Bioerodible Insert for

                              the Ocular Delivery of a Novel Next

                              Generation Calcineurin Inhibitor

Session Number:              501

Session Date/Start Time:     Thursday May 1, 2008, 8:30 AM - 10:15 AM

Presentation Start-End:      9:30:00 AM - 9:45:00 AM

Room:                        Room 114


Four poster presentations relating to LX 211, LX201 and LX214 will

 also be included as part of the ARVO meeting program:


Program Number:              114

Abstract Title:              Development and Characterization of a

                              Clear, Mixed Micellar Formulation of a

                              Next-Generation Calcineurin Inhibitor,

                              for Treatment of Dry Eye Syndrome

Session Number:              106

Session Date/Start Time:     Sunday Apr 27, 2008, 8:30 AM - 10:15 AM

Poster Board:                A141

Room:                        Hall B/C


Program Number:              1964

Abstract Title:              Preclinical Acute Toxicity and

                              Pharmacokinetics of Episcleral LX201

                              Implants in Rabbits

Session Number:              257

Session Date/Start Time:     Monday Apr 28, 2008, 11:15 AM - 1:00 PM

Poster Board:                D935

Room:                        Hall B/C


Program Number:              3883

Abstract Title:              Design of Phase 2/3 Clinical Trials of a

                              Novel Calcineurin Inhibitor, LX211, for

                              the Treatment of Non-Infectious Uveitis

Session Number:              418

Session Date/Start Time:     Wednesday Apr 30, 2008, 8:30 AM - 10:15

                              AM

Poster Board:                A503

Room:                        Hall B/C


Program Number:              4745

Abstract Title:              LX211 (ISA247) Suppresses Anti-CD3

                              Activated Human T-Cell Proliferation and

                              Effectively Treats Experimental

                              Autoimmune Uveitis in Rats

Session Number:              479

Session Date/Start Time:     Wednesday Apr 30, 2008, 3:00 PM - 4:45 PM

Poster Board:                A551

Room:                        Hall B/C

About Lux Biosciences

Lux Biosciences, Inc. is a privately held biotechnology company focused on ophthalmic diseases. The company has a staged product portfolio of potentially first-in-class therapies distinguished by their short-term path to commercialization and potential to generate high revenue growth. The portfolio includes:

-- Two Phase III clinical-stage projects including: i) LX211, the oral formulation of a next-generation calcineurin inhibitor developed as steroid sparing therapy for the treatment of non-infectious uveitis, and ii) LX201, a silicone matrix ocular (episcleral) implant that steadily releases therapeutic doses of cyclosporine A locally to the eye for the prevention of rejection cornea transplant recipients. Both the LUMINATE pivotal clinical program for LX211 for the treatment of uveitis, as well as the LUCIDA pivotal clinical program with LX201 for the prevention of corneal transplant rejection were initiated in early 2007 and include sites in North America and Europe.

-- LX214, a novel topical eye drop formulation currently in IND-enabling studies with a target date for entry into the clinic in mid 2008. LX214 is based on Lux' proprietary next-generation calcineurin inhibitor and is targeted towards other chronic inflammatory diseases of the eye, most notably dry eye syndrome, blepharitis and atopic keratoconjunctivitis.

-- Several earlier stage projects based on proprietary product-enabling bio-erodible polymer technologies that facilitate targeted and sustained delivery of molecules to the eye.

For more information on Lux Biosciences, please visit the company's website at http://www.luxbio.com.

Contact

Lux Biosciences, Inc.
Ulrich Grau, Ph.D., +1-201-946-0221
Ulrich.grau@luxbio.com
or
Kureczka/Martin Associates
Joan Kureczka, +1-415-821-2413 (Media)
Jkureczka@comcast.net

Posted: February 2008

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