Lund, Sweden, May 17, 2010 - Active Biotech (NASDAQ OMX Nordic: ACTI) is scheduled to present today at the Rodman & Renshaw 6th Annual Global Healthcare Conference at the Grosvenor House Hotel in London. During the presentation, an update regarding Active Biotech's development programs will be provided.
The presentation will include the Phase III project laquinimod, a novel oral immunomodulatory drug for the treatment of multiple sclerosis, which is licensed to Teva Pharmaceutical Industries Ltd and TASQ, Active Biotech's prostate cancer project which just recently concluded Phase II clinical studies. Also, the Phase III renal cancer project ANYARA, the SLE project 57-57 and the pre-clinical ISI project will be presented.
The audio and slide presentation will be webcasted live and can be accessed via the Active Biotech web site. To access the live and replay presentations please go to - www.activebiotech.com.
The presentation will take place today, May 17, at 12:45 pm BST / 13:45 Central European Time.
About Active Biotech
Active Biotech AB (NASDAQ OMX NORDIC: ACTI) is a biotechnology company with focus on autoimmune/inflammatory diseases and cancer. Projects in pivotal phase are laquinimod, an orally administered small molecule with unique immunomodulatory properties for the treatment of multiple sclerosis, as well as ANYARA for use in cancer targeted therapy, primarily of renal cancer. Further key projects in clinical development comprise the three orally administered compounds TASQ for prostate cancer, 57-57 for SLE and RhuDex(TM) for RA. Please visit www.activebiotech.com for more information.
Active Biotech is required under the Securities Markets Act to make the information in this press release public. The information was submitted for publication at 08:30 a.m. CET on May 17, 2010.
Contacts:
Active Biotech AB
Göran Forsberg, VP Investor Relations & Business Development
P.O. Box 724, SE-220 07 Lund, Sweden
Tel: +46 (0)46-19 20 00
Fax: +46 (0)46-19 11 00