Sareum Regulatory News (SAR)

4 Feb 2008 07:00

Sareum Holdings PLC04 February 2008 For immediate release 4 February 2008 SAREUM HOLDINGS PLC ("Sareum" or the "Company") Notice of Interim Results Sareum Holdings plc (AIM: SAR), the specialist structure-based drug discoverybusiness, will announce its Interim Results for the six months ended 31 December2007 on Thursday 6 March 2008. An analyst presentation will take place on the day at 10:00 am at BuchananCommunications, 45 Moorfields, London EC2Y 9AE. For further information please contact: Sareum Holdings plc 01223 497700 Tim Mitchell, Chief Executive OfficerBuchanan Communications 020 7466 5000 Tim Anderson, Mary-Jane JohnsonGrant Thornton Corporate Finance 0207 383 5100Colin Aaronson, Philip Secrett About Sareum Holdings plc Sareum Holdings plc is a structure-based drug discovery business headquarteredin Cambridge, UK. The Company was formed in August 2003 to discover new drugsfor the treatment of cancer. Sareum's unique approach aims to halve the time ittakes to discover new drug candidates. A structure-based approach to drug discovery relies on knowledge of thethree-dimensional structure of the proteins that cause disease. Once thestructure is known, potential drugs are designed to 'lock-in' to the proteinwith the aim of reversing or arresting a disease's progression. Knowledge ofthe structure of the potential drugs and how they 'lock-in' to their targetprotein assists greatly in the development of high-quality drug candidates.Determining structure is a complex task and requires leading-edge equipment andexperienced staff. Sareum's approach to structure determination utilises itsproprietary protein expression platform in order to produce multiple recombinantproteins that accelerate structure determination using x-ray crystallography. Once the structure is determined, the Company's innovative fragment screeningplatform is used to identify novel chemical templates designed to interact withthe target protein. Sareum then uses its high-throughput medicinal chemistryplatform to rapidly optimise these molecules and develop the most promising intopotential drug candidates. Sareum aims to successfully deliver drug candidates for licensing to largerpharmaceutical companies at the pre-clinical or early clinical trials stage.This is funded by provision of its specialist drug discovery capabilities topartners in the pharmaceutical and biotechnology industries. Sareum joined the AIM market of the London Stock Exchange in October 2004 andtrades under the symbol SAR. For further information, please visitwww.sareum.co.uk This information is provided by RNS The company news service from the London Stock Exchange