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"We are currently in the process of seeking the right partners to help us begin mining this enormous genetic inventory."

ALPHAGENE'S HUMAN CDNA CLONE INVENTORY REACHES 500 MILLION

Company Seeks Partners to Help Mine Vast Inventory

Woburn, MA, February 14, 2001

AlphaGene, Inc. announced today that it has achieved a significant milestone by constructing an inventory of 500 million human cDNA clones. Based upon AlphaGene's calculations, it is estimated that this inventory represents a highly significant percentage of the human genome.

AlphaGene's inventory of primarily full-length clones, when compared to the public databases, has been found to contain rare and unusual genes not found by the public human genomic effort. This novel library has been produced by the construction of 200 cDNA libraries from fetal, adult, diseased and normal tissues. Approximately 55% of the inventory comes from neural tissue, such as the brain, and the remainder from 20 other human tissues, including the heart, kidney, liver, lung and skin.

"This milestone of 500 million cDNA clones represents incredible potential for the drug discovery process, and far surpasses our original goal." said Donald J. McCarren, Ph.D., President and CEO of AlphaGene. "We are currently in the process of seeking the right partners to help us begin mining this enormous genetic inventory."

AlphaGene's library of 280,000 partially sequenced clones represents more than the 30,000 human genes as reported by the public effort. Approximately 45 percent of this inventory, when compared with the public databases, consists of full-length genes.

Using its patented core technology - FLEX(TM) (full-length expressed genes) - AlphaGene can rapidly analyze full-length expressed genes that are necessary to enable high-throughput protein discovery and maximize the functional information extracted from novel disease-related genes.

"Although we have mined less than one percent of our inventory, we have already discovered it contains almost twice as many genes previously reported for Chromosomes 21 and 22," said Peter A. Schad, Ph.D., AlphaGene's Vice President and Chief Scientific Officer. "Coupled with the fact that we have found two novel genes related to Alzheimer's disease, we feel that we have only scratched the surface of our inventory's full potential for a genome-based drug discovery platform."

The AlphaGene inventory is constructed from primary non-amplified, cDNA libraries that result in clones that are not biased by PCR or by initial amplification in E.coli. Since these expressed cDNAs in the AlphaGene inventory are from polyA containing sequences, there appears to be a significant number of expressed genes not found by the public human genome effort.

About AlphaGene, Inc.

AlphaGene, Inc. (http://www.alphagene.com) is a privately held functional genomics company offering products and services to biotech and pharmaceutical companies engaged in drug discovery and development. AlphaGene uses its large inventory of full-length cDNAs and Bioinformatics expertise to bridge the gap between genomics and functional proteomics. The company focuses on differential gene expression in degenerative neurological diseases including Parkinson's and Alzheimer's Diseases.

 

Contact:

AlphaGene, Inc.
Peter A. Schad, Ph.D.,
Chief Scientific Officer
(781) 933-4446, ext. 236

Noonan/Russo Communications, Inc.
Sharon Weinstein, (Investors) ext. 334
Matthew J. Scampoli, (Media) ext. 243
(212) 696-4455