Summary: Professor Gustav Gaudernack presents GV1001 at a prestigious international scientific conference on Friday, December 7, 2007 At an American Association for Cancer Research (AACR) conference ”The Role of Telomeres and Telomerase in Cancer Research” held in San Francisco, Professor Gustav Gaudernack from Rikshospitalet-Radiumhospitalet in Oslo, Norway gives a scientific presentation entitled “GV1001: A Universal Cancer Vaccine Targeting Telomerase”. Professor Gaudernack is one of the inventors of GV1001 which today is owned and developed by Pharmexa A/S. Key messages in Professor Gaudernack's presentation are: Background Telomerase has emerged as an attractive target for cancer therapy. In particular, the hTERT subunit of telomerase is preferentially re-expressed in malignant cells and its expression is closely associated with immortalization of cancer cells. Thus, hTERT is a potential “universal” target in cancer therapy. The recent identification of a defined subpopulation, the cancer stem cells, with the capacity of unlimited growth potential, indicate that targeting hTERT will also target cancer stem cells. The possibility of finding a vaccine against hTERT has therefore been explored and a broadly immunogenic fragment of hTERT, corresponding to the amino acid residues 611-626 of the active site of the enzyme, has been identified. This peptide is called GV1001. Main results to date GV1001 has been used to vaccinate more than 170 cancer patients in a series of Phase I/II clinical protocols, and the immunological and clinical results have been analysed: (1) GV1001 elicits potent T-helper immune responses in up to 75% of immunized, non-HLA typed cancer patients, indicating that it is “universally” applicable as a vaccine, without the need to restrict inclusion of patients only to individuals with a certain HLA type. (2) GV1001 specific T-helper cells recognize GV1001 bound to an unusually broad range of HLA class-II molecules, encoded by several alleles of the HLA-DR, -DQ and -DP loci on chromosome 6, demonstrating the promiscuous nature of its binding. (3) Responses can be observed even in very advanced stage patients that have been heavily pre-treated. Vaccination can also be combined with repeated rounds of chemotherapy (Temozolomide) without impairment of the immune response against GV1001. (4) In some patients, repeated vaccinations over a long time period is required to obtain an immune response. (5) Long term immune memory (>4 years) against GV1001 can be established. (6) GV1001 specific T-cells are capable of producing a broad range of pro-inflammatory cytokines when recognizing their target antigen. (7) Both in patients with pancreatic and lung adenocarcinomas and in patients with malignant melanoma, a significant association between immune responses to GV1001 and survival has been observed. Long term survival (>5years) associated with disease stabilization and in one patient complete remission, has been observed in 4 patients with advanced, chemotherapy resistant non-small cell lung cancer. (8) Taken together, these results indicate that GV1001 could be a “universal” cancer vaccine. GV1001 is presently being tested in two Phase II clinical trials (primary liver cancer and Stage II lung cancer) and in two large Phase III trials in patients with inoperable pancreatic cancer. The presentation will be available on Pharmexa's homepage www.pharmexa.com as soon as possible. Hørsholm, December 7, 2007 Jakob Schmidt Chief Executive Officer Additional information: Jakob Schmidt, Chief Executive Officer, telephone +45 4516 2525 Claude Mikkelsen, Vice President, Corporate Affairs and Communication, telephone +45 4516 2525 or +45 4060 2558 Note to editors: Pharmexa A/S is a leading company in the field of active immunotherapy and vaccines for the treatment of cancer, serious chronic and infectious diseases. Pharmexa's proprietary technology platforms are broadly applicable, allowing the company to address critical targets in cancer and chronic diseases, as well as serious infectious diseases such as HIV, influenza, hepatitis and malaria. Its leading programs are GV1001, a peptide vaccine that has entered phase III trials in pancreatic cancer and phase II trials in liver cancer, and HIV and hepatitis vaccines in phase I/II. Collaborative agreements include H. Lundbeck, GENimmune, IDM Pharma and Bavarian Nordic. With operations in Denmark, Norway and USA, Pharmexa employs approximately 105 people and is listed on the Copenhagen Stock Exchange under the trading symbol PHARMX.