Ocular Biopharmaceutical Company Charlesson announces $1.6MM in New Funding and upcoming presentations at the Association for Research in Vision and Ophthalmology

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April 21, 2008 – Oklahoma City, alright, USA; April 21, 2008 – Charlesson LLC, a visual biopharmaceutical organization, today declared that it is the beneficiary of two Private venture Imaginative Research (SBIR) grants from the National Establishments of Wellbeing (NIH). The two awards add up to roughly $1,600,000 and will bolster improvement of a nanoparticle-detailed treatment for eye sickness and in addition commercialization of a preclinical hereditary creature display for Age-Related Macular Degeneration (AMD). Dr. Rafal Farjo, Chief of Innovative work at Charlesson, is central examiner on both gifts.

Mike Moradi, CEO of Charlesson said, \”We are pleased to be NIH\’s accomplice in achievement. These focused allow grants show the national excitement for our advancement exercises and the achievement of Charlesson\’s progressing research program.\” Since its initiation in 2003, Charlesson has gotten 11 stipends from the NIH. \”We are additionally satisfied to get our first SBIR allow that will help in the advancement of Charlesson\’s preclinical administrations division to give outsourced ophthalmic innovative work. What\’s more, these assets will extraordinarily help the organization in extending our logical group and settling preclinical reviews for an Investigational New Medication (IND) application with the U.S. Nourishment and Medication Organization (FDA),\” said Mr. Moradi.

Charlesson was granted $210,357 in a Stage I SBIR grant from the NIH to approve and popularize a hereditary mouse model of AMD. \”A neglected need right now exists for a dependable hereditary model of AMD that can be utilized to evaluate the adequacy of AMD-therapeutics being developed. There are just a couple of hereditary mouse models which have been accounted for to give components of AMD, yet this phenotype just creates at late ages. Along these lines, a hereditary, reproducible, practical, and quantifiable mammalian AMD model is of awesome centrality to help in the advancement of new medications. The objective of this venture is to build up this new AMD show for contract administrations to screen ophthalmic medications for other pharmaceutical organizations,\” said Dr. Farjo. \”This Stage I give will utilize a few known hostile to angiogenic medications to exhibit the confirmation of-guideline for the utility and proficiency of utilizing this model as device for medication advancement.\” Charlesson is additionally using this AMD-model to create calming, against angiogenic, and neuroprotective adequacy profiles for its own particular medication competitors. \”Notwithstanding giving our researchers a fabulous device to build up viability of Charlesson\’s therapeutics, there is a gigantic market to perform contract inquire about administrations for AMD medicate improvement. We are energized at the possibility to include this interesting and effective model to Charlesson\’s preclinical administration offerings,\” said Mr. Moradi.

Charlesson likewise got $1,388,677 in a Stage II SBIR grant from the NIH to create CLT-004 for treating AMD, Diabetic Retinopathy (DR), and Diabetic Macular Edema (DME). These assets will be utilized to create IND-empowering adequacy, wellbeing, and danger profiles. CLT-004 is a little atom helpful with intense impacts on decreasing retinal irritation and vascular spillage. Charlesson is building up a maintained discharge nanoparticle definition of CLT-004 to treat blinding retinal malady. \”Our center logic is that aggravation and vascular spillage in the retina are early pathogenic segments that cause retinal neovascularization, which is the basic guilty party in many types of retinal infection. Hindrance of retinal aggravation and vascular spillage has in this way turn into another objective for pharmaceutical intercession in DR and AMD,\” said Dr. Farjo. \”Our preclinical reviews have shown that CLT-004 effectsly affects these endpoints and speaks to the cutting edge in therapeutics to treat DR and AMD. This Stage II venture will proceed with our reviews to decide the viability of this novel compound on the declaration of fiery variables, leukostasis and retinal vascular spillage in creature models of diabetes and AMD. Moreover, we have bundled the compound into nanoparticles to advance soundness and managed adequacy.\”

\”We trust that the use of nanotechnology to medication conveyance will permit us to decrease the interim of dosing to patients experiencing AMD and DR. Current treatments require an intraocular infusion each 4-6 weeks. Our novel nanoparticle definition plan may permit us to diminish this interim to 12-16 weeks,\” said Mr. Moradi. \”We hope to record our first IND on CLT-003 in 2008 and suspect a moment IND-petitioning for CLT-004 in 2009. We are confident that Charlesson\’s items will enhance the personal satisfaction for the a large number of Americans experiencing these blinding infections.\” Dr. Ronald A. Wassel, Senior Researcher at Charlesson, will exhibit the organization\’s advance in nanoparticle-based medication conveyance at the ARVO 2008 meeting in Ft. Lauderdale, FL. Dr. Wassel will introduce in an extraordinary workshop assemble concentrating on Nanotechnology and Nanomedicine for ophthalmic applications. Charlesson researchers are additionally displaying four other blurb presentations enumerating the organization\’s medication advancement advance. For a full rundown of presentations and timetable, please visit http://www.charlessonllc.com/ARVO2008

Charlesson likewise declared that Dr. Mostafa Analoui has joined as Senior VP of Business Advancement. Dr. Analoui was beforehand the senior executive at Pfizer Worldwide Innovative work in Connecticut. \”We are eager to include Dr. Analoui to our group at Charlesson. His abundance of aptitude in medication improvement will be of incredible esteem to Charlesson as we move towards our first in man ponders with our lead mixes,\” said Mr. Moradi.

About Diabetic Retinopathy and Macular Degeneration

Diabetic Retinopathy is the a standout amongst the most widely recognized intricacy of Diabetes and a main source of visual impairment in created nations. Right around 100% of patients with sort I and 60% of sort II diabetic patients will build up some level of retinopathy in their lifetime. Around 10% of diabetic patients build up a serious visual impair following 15 years of diabetes. Retinopathy in diabetic patients is regularly gone before by Diabetic Macular Edema where vascular spillage prompts to swelling of the retinal tissue. There are as of now no FDA-endorsed medications for treating DME.

Age-related Macular Degeneration (AMD) is a quickly developing retinal illness which essentially influences patients of age 50 years and more seasoned. Current commonness rates in the US gauge that more than 15 million natives are harassed with this issue; notwithstanding, as an outcome of the quickly developing maturing populace, it is anticipated that pervasiveness rates will increment half by 2020. \”Charlesson\’s medication improvement portfolio speaks to new advances in the improvement of AMD-therapeutics\”, said Dr. Farjo. \”Existing treatments for AMD exclusively hinder the anomalous development of veins in the eye. Late confirmation proposes that aggravation is additionally a key pathogenic element of AMD. Charlesson\’s approach is to create treatments that hinder both neovascularization and irritation to deliver a more grounded remedial advantage.\”

About Charlesson

Charlesson LLC is effectively occupied with the advancement of therapeutics for treating various visual maladies. The organization\’s item pipeline incorporates pharmaceutical medicines for Age-Related Macular Degeneration, Retinitis Pigmentosa, Leber\’s Intrinsic Amaurosis, and diabetic inconveniences, for example, Diabetic Retinopathy and Diabetic Macular Edema. Charlesson is likewise creating novel methodologies to improve medicate conveyance to the eye. Furthermore, the organization offers outsourced preclinical administrations for the pharmaceutical business, to screen sedate applicants in the Charlesson\’s novel creature and cell models for visual infection. The organization\’s customers incorporate Fortune 500 organizations and development stage biopharma organizations around the world. Charlesson was established in 2003. For data about Charlesson, see www.charlessonllc.com or contact:

Dr. Rafal A. Farjo

Executive, Innovative work

Charlesson, LLC

800 Research Turnpike, Suite 360

Oklahoma City, alright 73104

(405) 271-2557 Tel

(405) 271-2554 Fax

pr@charlessonllc.com

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