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"We are seeking and welcome partners for a cooperative research and development project using our novel CEA molecule."

ALPHAGENE ANNOUNCES DISCOVERY OF NEW CARCINOEMBRYONIC ANTIGEN FOUND IN PROSTATE

- Potential New Marker for Prostate Cancer Available from AlphaGene -

Woburn, MA, May 7, 2001

AlphaGene, Inc. today announced the discovery in prostate tissue of a novel member of the human carcinoembryonic antigen (CEA) subgroup, AG128375. The discovery of this novel antigen may provide more reliable marker for prostate cancer than the prostate specific antigen (PSA). Other CEA subgroup members can be measured in both serum and tissue and are used as biomarkers for colon cancer. The CEA proteins are known to be highly expressed in tumor cells and play a role in metastasis in humans.

In the United States, according the American Cancer Society (ACS), prostate is the second most common cancer among men and the second leading cause of cancer death. The ACS estimates during 2001 approximately 198,100 new cases of prostate cancer will be diagnosed in the United States and 31,500 will die from the disease. One man in six will be diagnosed with prostate cancer during his lifetime, but only one man in 30 will die of this disease. If detected at an early stage before it metastasizes, this cancer is potentially curable. The need for reliable, early stage marker is paramount to combating the disease.

"The finding of this CEA validates the richness of the AlphaGene human cDNA database. We are very excited to find another novel gene that may play a major role in a devastating disease. We are seeking and welcome partners for a cooperative research and development project using our novel CEA molecule." stated Donald J. McCarren, Ph.D., President and CEO of AlphaGene, Inc.

"As we mine our inventory, we continue to find important disease related genes," said Peter A. Schad, Ph.D., AlphaGene's Vice President and Chief Scientific Officer. "The finding of a novel CEA may lead us to a new family or splice variants that play a key role in cancer."

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