ABLYNX RECEIVES A SECOND MILESTONE PAYMENT FROM NANOBODY® DISCOVERY
AND DEVELOPMENT ALLIANCE

(Thomson Reuters ONE) - GHENT, Belgium, 5 October 2009 - Ablynx [Euronext Brussels: ABLX],announced today that it has received an undisclosed milestone paymentfrom Novartis for an exclusive research license in one of theprogrammes that is a component of their ongoing Research andDevelopment alliance.Novartis and Ablynx are collaborating to discover and developtherapeutic Nanobodies® against targets that are difficult to addresswith conventional antibodies and their fragments.The alliance was entered into in December 2005, and extended in 2007and again in December 2008 for a further year. Under the terms ofthis ongoing agreement, Ablynx receives upfront fees, license feesand funding for research and development. In addition, Ablynx will beeligible for milestone payments and royalties upon commercialisation.Novartis has exclusive rights to develop and commercialise theNanobody® products resulting from the collaboration. Financial termsare not disclosed.Edwin Moses, CEO and Chairman of Ablynx, commented: "We are delightedthat a second Nanobody® programme from our collaboration withNovartis is advancing to the next stage and we look forward to seeingthese two programmes progressing towards development." -ends-For more information, please contact:For international media enquiries: College Hill Life SciencesSue Charles,Justine Lamond,Dr. John McIntyret: +44 (0)20 7866 7857e: ablynx(at)collegehill.comAblynx:Dr. Edwin MosesChairman and CEOt: +32 (0)9 262 00 07m: +44 (0)7771 954 193 / +32 (0)473 39 50 68e: edwin.moses(at)ablynx.comEva-Lotta AllanChief Business Officert: +32 (0)9 262 00 75m: +32 (0)475 78 36 21 / +44 (0)7990 570 900e: eva-lotta.allan(at)ablynx.comhttp://hugin.info/137912/R/1345773/323113.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Datum: 05.10.2009 - 18:00 Uhr
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News-ID 6581
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