Physiomics Regulatory News (PYC)

18 Oct 2005 12:06

Acquisition of shares by CEO Oxford, UK, 18 October 2005 The Board of Physiomics plc (AIM:PYC), a Europeansystems biology simulation company, was informed on 17 October that Dr JohnSavin, CEO, has paid, with the agreement of the Board, in cash for 54,688shares at 2p per share. These shares were issued in December 2004 in respect ofa small overcharge of third party flotation costs.Dr Savin's shareholding has increased to 604,688 ordinary shares of 0.04pcomprising 0.26% of the Company's issued share capital. --ENDS- For further information please contact: Physiomics plcMr David Evans (Chairman) Tel: 07740 084452Dr John Savin (CEO) Tel: 01865 784981 Northbank Communications Tel: 020 7886 8150Emma Palmer (financial enquiries)Fiona Brown/Rowan Minnion (media enquiries)Notes to EditorsPhysiomics plcPhysiomics plc (AIM:PYC) is a systems biology company applying computer-basedsimulations of cell behaviour in drug development, aimed at reducing the highcost and attrition rates of clinical trials. As 80-90 per cent of all clinicaldrug candidates fail to reach the market, estimates show even a ten per cent.overall improvement in success rates could reduce the cost of one drug'sdevelopment by up to $242 million, from the current estimate of around $800million.Physiomics is currently focused on optimising the design of cancer clinicaltrials as a service to major pharmaceutical companies. In addition, it hassecured an option to in-license two innovative molecules in the cancer areafrom Cronos therapeutics.Physiomics has a major collaboration with BayerTechnology Services GmbH to develop globally clinical response predictionservices using both companies' proprietary technologies and mathematical cellmodels, including the SystemCell‚® technology developed by Physiomics. In June2005, Physiomics became is a distributor of Bayer's PK-Sim‚® product forunderstanding the way pharmaceuticals are distributed round the body.Physiomics, based in Oxford, UK, was founded in 2001, and floated on AIM in2004.For further information, please visit www.physiomics-plc.comSystemCell is a registered trademark of Physiomics plcPHYSIOMICS PLC