Result of EGM
17 December 2004 - 12:15AM
UK Regulatory
RNS Number:5044G
Cambridge Antibody Tech Group PLC
16 December 2004
FOR IMMEDIATE RELEASE
13.15 GMT, 8.15 EST, Thursday 17 December 2004
For further information contact: Weber Shandwick Square Mile (Europe)
Tel: +44 (0) 20 7067 0700
Cambridge Antibody Technology Kevin Smith
Tel: +44 (0) 1223 471 471 Sarah MacLeod
Peter Chambre, Chief Executive Officer
John Aston, Chief Financial Officer
Rowena Gardner, Director of Corporate
Communications BMC Communications/
The Trout Group(USA)
Tel: +1 212 477 9007
Brad Miles, ext 17 (media)
Brandon Lewis, ext 15 (investors)
CAMBRIDGE ANTIBODY TECHNOLOGY GROUP PLC ANNOUNCES RESULT OF EGM
Cambridge, UK... Cambridge Antibody Technology Group plc (LSE: CAT; NASDAQ:
CATG) announces that at its Extraordinary General Meeting, held earlier today,
all resolutions were duly passed.
Application has been made to the UK Listing Authority and the London Stock
Exchange for 10,217,983 new ordinary shares in relation to AstraZeneca's
subscription to be admitted to the Official List and to be admitted to trading
on the London Stock Exchange's market for listed securities. It is expected that
admission of the new ordinary shares will become effective and dealings in them
will commence on 17 December 2004 and not on 21 December 2004 as set out in the
listing particulars dated 26 November 2004. The new ordinary shares will rank
pari passu with the existing ordinary shares.
-ENDS-
Notes to Editors
Cambridge Antibody Technology (CAT):
* CAT is a biopharmaceutical company using its proprietary technologies
and capabilities in human monoclonal antibodies for drug discovery and drug
development. Based near Cambridge, UK, CAT currently employs around 280
people.
* CAT is a leader in the discovery and development of human therapeutic
antibodies and has an advanced proprietary platform technology for rapidly
isolating human monoclonal antibodies using phage display and ribosome
display systems. CAT has extensive phage antibody libraries, currently
incorporating more than 100 billion distinct antibodies. These libraries
form the basis for the Company's strategy to develop a portfolio of
antibody-based drugs.
* Four CAT human therapeutic antibody products are now at various stages
of clinical development, with one further product candidate in pre-clinical
development.
* HUMIRA, the leading CAT-derived antibody, isolated and optimised in
collaboration with Abbott, has been approved for marketing as a treatment
for rheumatoid arthritis in 51 countries. Six further licensed CAT-derived
human therapeutic antibodies are in clinical development, with six further
licensed product candidates in pre-clinical development.
* CAT has alliances with a number of pharmaceutical and biotechnology
companies to discover, develop and commercialise human monoclonal
antibody-based products. In particular, CAT has a broad collaboration with
Genzyme for the development and commercialisation of antibodies directed
against TGF, a family of proteins associated with fibrosis and scarring.
This collaboration has so far given rise to one antibody product candidate
at clinical development stage, and one at pre-clinical development stage.
* CAT has also licensed its proprietary technologies to several companies.
CAT's licensees include: Abbott, Amgen, Chugai, Genzyme, Human Genome
Sciences, Merck & Co, Pfizer and Wyeth Research.
* CAT is listed on the London Stock Exchange and on NASDAQ. CAT raised
#41m in its IPO in March 1997 and #93m in a secondary offering in March
2000.
Application of the Safe Harbor of the Private Securities Litigation Reform Act
of 1995: This press release contains statements about Cambridge Antibody
Technology Group plc ("CAT") that are forward looking statements. All statements
other than statements of historical facts included in this press release may be
forward looking statements within the meaning of Section 21E of the Securities
Exchange Act of 1934. These forward looking statements are based on numerous
assumptions regarding the company's present and future business strategies and
the environment in which the company will operate in the future.Certain factors
that could cause the company's actual results, performance or achievements to
differ materially from those in the forward looking statements include: market
conditions, CAT's ability to enter into and maintain collaborative arrangements,
success of product candidates in clinical trials, regulatory developments and
competition. We caution investors not to place undue reliance on the forward
looking statements contained in this press release. These statements speak only
as of the date of this press release, and we undertake no obligation to update
or revise the statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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