TopoTarget A/S Symbion Fruebjergvej 3 DK 2100 Copenhagen Ø Denmark Tel: +45 39 17 83 92 Fax: +45 39 17 94 92 CVR-nr: 25695771 www.topotarget.com TopoTarget and CuraGen Report Belinostat Results Presented at ASH and Provide Regulatory Update Following End-of-Phase II Meeting with FDA - Encouraging clinical results presented at ASH from the ongoing Phase II trial in T-cell lymphomas - - Positive End-of-Phase II meeting held with the FDA for belinostat in PTCL - - TopoTarget to hold conference call Wednesday, December 12 at 12.30 CET - Copenhagen, Denmark - December 10, 2007 - TopoTarget A/S (OMX: TOPO) and CuraGen Corporation (Nasdaq: CRGN), announced today that updated clinical trial results on intravenous belinostat for the treatment of T-cell lymphomas were reported today at the 2007 American Society of Hematology (ASH) 49th Annual Meeting in Atlanta, GA. TopoTarget and CuraGen also reported today that the preliminary peripheral T-cell lymphoma (PTCL) results from this ongoing trial were submitted to the US Food and Drug Administration (FDA) as part of an End-of-Phase II meeting held on November 29, 2007 to review the development of intravenous belinostat for the treatment of PTCL. Based on the meeting with the FDA, CuraGen plans to submit a clinical trial protocol to the FDA under a Special Protocol Assessment (SPA) and anticipates initiating a registrational clinical trial for PTCL during the second half of 2008. “The positive meeting with the FDA have underlined our belief that we have compelling belinostat data to pursue a rapid to market strategy providing a treatment for PTCL patients - a disease where there is a clear need for new treatment alternatives.” said Professor Peter Buhl, CEO of TopoTarget. “In addition to seeing positive data on PTCL we have also seen Complete Response (CR) in CTCL and in more than 70% of the evaluable patients we have observed a reduction in tumour size and severity as measured by SWAT score. Furthermore an effect was seen in six out of seven patients with pruritus.” “We are very encouraged by the overall activity, the complete objectives responses and the duration of responses we have observed with belinostat in patients with advanced T-cell lymphomas. We are opening additional US and international sites to enhance enrollment in the ongoing Phase II study in order to increase our understanding of the activity in T cell lymphomas and to gear up our operations for the registrational study in PTCL, which we plan to initiate in the second half of 2008,” commented Dr. Timothy Shannon, President and Chief Executive Officer of CuraGen. “We are also excited about the previously reported activity of belinostat in combination with carboplatin and paclitaxel for the treatment of recurrent ovarian cancer. We are working with our advisors to define the next steps in this indication, and look forward to presenting additional Phase II data and clinical development plans in 2008.” Summary of Phase II (CLN-6) Trial Results at ASH In a poster entitled, “Belinostat (PXD101) in Patients with Recurrent or Refractory Peripheral or Cutaneous T-Cell Lymphoma: Results of a Phase II Study,” updated data on a total of 32 patients, consisting of 12 patients with PTCL and 20 patients with cutaneous T-cell lymphoma (CTCL) were presented. Two of 10 evaluable patients with PTCL achieved a complete reponse (CR), and four additional patients had stable disease (SD) lasting a median of 14 weeks (range 12-23 weeks). The CRs are ongoing with durations of 18 and 21 weeks at the time of presentation. In addition, 3 of 19 evaluable patients with CTCL achieved an objective response, including one complete response (CR) and two partial responses (PR), and an additional 8 patients had SD. The CR is ongoing beyond 55 weeks. Enrollment is continuing in the study with a target of approximately 34 patients for each type of lymphoma. “The quality of activity demonstrated by belinostat in both PTCL and CTCL is encouraging and we look forward to further characterizing the clinical benefit patients with T-cell lymphoma can receive from treatment with intravenous belinostat,” commented Dr. Ranjana Advani, Associate Professor of Medicine/Oncology at Stanford University School of Medicine and lead author of the poster presentation at ASH. PTCL Development Plan As part of the overall development plan for belinostat, TopoTarget and CuraGen anticipate advancing belinostat into a registrational program for PTCL. Following the End-of-Phase II meeting with the FDA, that took place on November 29, 2007, CuraGen anticipates submitting a clinical trial protocol for SPA review during the first half of 2008 and expects to begin treating patients during the second half of 2008. CuraGen anticipates that the pivotal trial will be an uncontrolled, open-label clinical trial that will enroll approximately 80 to 100 patients with a primary endpoint of objective response rate and secondary endpoints including duration of response, progression free survival, and overall survival. CuraGen expects to provide additional details on the study design and timelines after the completion of the SPA process. Conference Call Details and Dial-in Information Date: Wednesday, December 12, 2007 Time: 12.30 CET How to join the meeting: Calling from Denmark: + 45 70 26 50 40 Calling from outside Denmark +44 208 817 9301 The poster is available on TopoTarget's website at www.topotarget.com Today's news does not change TopoTarget's full-year financial guidance for 2007. TopoTarget A/S For further information, please contact: Dr. Peter Buhl Jensen Telephone +45 39 17 83 41 Chief Executive Officer Mobile +45 21 60 89 22 Ulla Hald Buhl Telephone +45 39 17 83 92 Director IR & Communications Mobile +45 21 70 10 49 Background information About Peripheral T-cell Lymphoma Peripheral T-cell lymphoma (PTCL) is a type of non-Hodgkin's Lymphoma (NHL) which arises from malignant T-lymphocytes, also known as T-cells, and account for approximately 15%, or more than 5,000 cases, of all NHL cases diagnosed in the U.S. PTCL tends to be an aggressive form of NHL with a five-year survival of less than 30%. There are currently no FDA approved drugs for the treatment of PTCL. About belinostat Belinostat is a small molecule histone deactylase (HDAC) inhibitor being investigated for its role in the treatment of a wide range of solid tumors and hematologic malignancies as a single-agent and in combination with other active anti-cancer agents, including carboplatin, paclitaxel, cis-retinoic acid, azacitidine, idarubicin and bortezomib. HDAC inhibitors represent a new mechanistic class of anti-cancer therapeutics that target HDAC enzymes and have been shown to arrest growth of cancer cells (including drug resistant subtypes); induce apoptosis, or programmed cell death; promote differentiation; inhibit angiogenesis; and sensitize cancer cells to overcome drug resistance when used in combination with other anti-cancer agents. Intravenous belinostat is currently being evaluated in multiple clinical trials as a potential treatment for cutaneous and peripheral T-cell lymphomas, B-cell lymphomas, AML, mesothelioma, soft tissue sarcoma, myelodysplastic syndrome, and liver, colorectal, and ovarian cancers, either alone or in combination with other anti-cancer therapies. An oral formulation of belinostat is also being evaluated in a Phase I clinical trial for patients with advanced solid tumors. In August 2004, CuraGen signed a Clinical Trials Agreement with the NCI under which the NCI will sponsor several clinical trials to investigate belinostat for the treatment of various cancers, both as a single-agent and in combination chemotherapy regimens. In May 2005, TopoTarget announced the signing of a Cooperative Research and Development Agreement (CRADA) with the NCI to conduct preclinical and nonclinical studies on belinostat in order to better understand its anti-tumor activity and to provide supporting information for clinical trials. About TopoTarget TopoTarget (OMX: TOPO) is a biotech company, headquartered in Denmark and with subsidiaries in the US, Switzerland, Germany and the UK, dedicated to finding ''Answers for Cancer'' and developing improved cancer therapies. TopoTarget is founded and run by clinical cancer specialists and combines years of hands-on clinical experience with in-depth understanding of the molecular mechanisms of cancer. Focus lies on highly predictive cancer models and key cancer targets (including HDACi, NAD+, mTOR, FasLigand and topoisomerase II inhibitors) and a strong development foundation has been built. TopoTarget has a broad portfolio of small molecule pre-clinical drug candidates and nine drugs (both small molecules and protein based) are in clinical development, including both novel anti-cancer therapeutics and new cancer indications for existing drugs. Savene™/Totect™ was approved by EMEA in 2006 and the FDA in 2007 and is TopoTarget's first product on the market. For more information, please refer to www.topotarget.com. About CuraGen CuraGen Corporation (NASDAQ: CRGN) is a dedicated clinical-stage biopharmaceutical company developing diverse approaches for the treatment of cancer including the histone deacetylase inhibitor, belinostat, and the antibody-drug conjugate, CR011-vcMMAE. By leveraging drug development strengths cultivated over the years, CuraGen expects to make a difference by advancing its promising therapeutics to address the unmet medical needs of cancer patients. CuraGen Corporation is headquartered in Branford, Connecticut. For additional information please visit www.curagen.com TopoTarget Safe Harbour Statement This announcement may contain forward-looking statements, including statements about our expectations of the progression of our preclinical and clinical pipeline including the timing for commencement and completion of clinical trials and with respect to cash burn guidance. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. 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