Not intended for US media

Oslo, Norway, 27 January 2012 - Algeta ASA (OSE: ALGETA) announces that further data from the phase III ALSYMPCA study of Alpharadin (radium-223 chloride) will be presented at the 2012 Genitourinary Cancers Symposium[1]:
#ftn1
(2-4 February 2012, San Francisco, CA, USA).

Poster title: Abstract #9: Radium-223 chloride impact on skeletal-related events in patients with castration-resistant prostate cancer (CRPC) with bone metastases: A phase III randomized trial (ALSYMPCA).

Presenter: Oliver Sartor (Tulane Cancer Center, New Orleans, LA, USA), the lead investigator for ALSYMPCA in the United States.

  • Thursday, 2 February 2012 

  • General Poster Session A 

  • 11:45am-1:45pm 

Presentation title: Abstract #8: Overall survival benefit and safety profile of radium-223 chloride (Alpharadin), a first-in-class alpha-pharmaceutical: Results from a phase III randomized trial (ALSYMPCA) in patients with castration-resistant prostate cancer (CRPC) with bone metastases.

Presenter: Christopher Parker (Institute of Cancer Research and Royal Marsden Hospital, Sutton, UK), the ALSYMPCA study's principal investigator.

  • Thursday, 2 February 2012 

  • Oral Abstract Session: Prostate Cancer 

  • 1:15pm-3:05pm 

Copies of the poster and presentation will be made available at www.algeta.com:
http://www.algeta.com/ after the respective sessions.

###

For further information, please contact

Algeta ASA:
Mike Booth
Communications & Corporate Affairs
+47 2202 4510
ir@algeta.com:
mailto:ir@algeta.com
International media enquiries:
Mark Swallow
Citigate Dewe Rogerson
+44 207 638 9571
mark.swallow@citigatedr.co.uk:
mailto:mark.swallow@citigatedr.co.uk
US investor enquiries:
Jessica Lloyd
The Trout Group
+1 646 378 2928
jlloyd@troutgroup.com:
mailto:jlloyd@troutgroup.com

About Algeta

Algeta is a company focused on developing novel targeted therapies for patients with cancer based on its alpha-pharmaceutical platform.

Algeta's lead product Alpharadin (radium-223 chloride) is in development as a potential new treatment for cancer patients with bone metastases. It is in pre-registration for castration-resistant prostate cancer (CRPC) patients with bone metastases, and filings are expected mid-2012 in the USA and Europe; Alpharadin has Fast Track designation for this indication in the USA.

Alpharadin is also under clinical investigation in breast cancer patients with bone metastases and in combination with docetaxel chemotherapy in CPRC patients with bone metastases.

Alpharadin is being developed and will be commercialized, pending approval, under a global agreement with Bayer Pharma AG.

Algeta is also exploring the potential of Targeted Thorium Conjugates (TTCs), which are based on conjugating the alpha-emitter thorium-227 to targeting molecules, as a basis of a future pipeline of tumor-targeting alpha-pharmaceutical candidates.

The Company is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange (Ticker: ALGETA).

Alpharadin and Algeta are trademarks of Algeta ASA.

Forward-looking Statements
This news release contains certain forward-looking statements based on uncertainty, since they relate to events and depend on circumstances that will occur in the future and which, by their nature, will have an impact on results of operations and the financial condition of Algeta. Such forward-looking statements reflect our current views and are based on the information currently available to Algeta. Algeta cannot give any assurance to the correctness of such statements. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, among other things, risks or uncertainties associated with the success of future clinical trials, collaborations with other companies in the development of targeting molecules and alpha particle payloads, risks associated with technological development, the ability to successfully commercialize Alpharadin and our other products, the risk that research & development will not yield new products that achieve commercial success, risks in obtaining regulatory approvals for Alpharadin and our other products and difficulties of obtaining relevant governmental approvals for new products, and the other risks and uncertainties described in our annual report.

[1]:
#body_ftn1 The 2012 Genitourinary Cancers Symposium is being co-sponsored by three leading medical specialty societies, including the American Society of Clinical Oncology (ASCO), the American Society for Radiation Oncology (ASTRO) and the Society of Urologic Oncology (SUO).

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Press release:
http://hugin.info/134655/R/1580574/493541.pdf



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Source: Algeta ASA via Thomson Reuters ONE

HUG#1580574