Amorfix provides corporate update on ALS therapeutic program



    TSX: AMF

    TORONTO, July 8 /CNW/ - Amorfix Life Sciences, a company focused on
treatments and diagnostics for brain wasting diseases, today announced that
its therapy program for Amyotrophic Lateral Sclerosis (ALS), commonly referred
to as Lou Gehrig's disease, is on schedule for completion of antibody infusion
studies this fall.
    Amorfix recently hosted a meeting of its Scientific Advisory Board and
research collaboration partner Biogen Idec (NASDAQ:   BIIB) to review progress
and data from this program. All parties were supportive of the program and
approved the plan for the final ALS animal treatment study under the research
collaboration. This study of antibody injection into ALS mice is expected to
be completed in September with data and final analysis of results in the
fourth quarter of calendar 2008.
    "Our ALS program is on track for results of our antibody approach to
treatment of this devastating disease later this year. We are currently
testing two candidate antibody therapies at low and high dose regimes to
compare their potential efficacy," said Dr. Neil Cashman, Chief Scientific
Officer of Amorfix. "We continue to develop an ALS vaccine as an alternate
approach."
    Biogen Idec has an option to license the exclusive worldwide rights to
Amorfix's technology to develop and commercialize biotherapeutics directed
against ALS. If Biogen Idec exercises its option, Amorfix will receive an
upfront payment and potential milestone payments in excess of US$25 million
under the license agreement. Amorfix will also receive royalties on commercial
product sales. If the option is exercised, Biogen Idec will be responsible for
completing preclinical and clinical development, regulatory approvals,
manufacturing and commercialization.

    About Amorfix

    Amorfix Life Sciences Ltd. (TSX:AMF) is a theranostics company developing
therapeutic products and diagnostic devices targeting brain-wasting diseases
including ALS, Alzheimer's Disease, Parkinson's Disease and variant
Creutzfeldt-Jakob Disease (vCJD). Amorfix's proprietary Epitope Protection(TM)
(EP) technology enables it to specifically identify very low levels of
aggregated misfolded proteins (AMP) in a sample of normal protein. Aggregated
misfolded proteins are a common element of many brain wasting diseases and the
ability to identify AMPs and understand their structure and mechanism of
folding are the first steps to developing new treatments for these devastating
diseases. Amorfix's lead programs are a diagnostic blood screening test for
vCJD and a therapy for ALS.

    This information release may contain certain forward-looking information.
Such information involves known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements to be
materially different from those implied by statements herein, and therefore
these statements should not be read as guarantees of future performance or
results. All forward-looking statements are based on the Company's current
beliefs as well as assumptions made by and information currently available to
it as well as other factors. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the date of this
press release. Due to risks and uncertainties, including the risks and
uncertainties identified by the Company in its public securities filings,
actual events may differ materially from current expectations. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

    %SEDAR: 00022789E




For further information:

For further information: Dr. George Adams, President & Chief Executive
Officer, Amorfix Life Sciences Ltd., Tel: (416) 847-6959, Fax: (416) 847-6899,
george.adams@amorfix.com; James Parsons, Chief Financial Officer, Amorfix Life
Sciences Ltd., Tel: (416) 847-6929, Fax: (416) 847-6899,
james.parsons@amorfix.com

Organization Profile

Amorfix Life Sciences Ltd.

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