SOURCE: Addex Pharmaceuticals

February 21, 2008 12:55 ET

Addex Full Year 2007 Financial Results Next Tuesday

Conference Call & Webcast at 10:00 CET on 26 February 2008

GENEVA, SWITZERLAND--(Marketwire - February 21, 2008) - Addex Pharmaceuticals Ltd. (SWISS: ADXN) will discuss its full year 2007 financial results during a teleconference and webcast for investors, analysts and the media on Tuesday, 26 February 2008 at 10:00 CET. A replay of the call will be made available at www.addexpharma.com.

Title: Addex Full Year 2007 Financial Results Conference Call

Date:             26 February 2008
Time:             10:00 CET

Dial-in numbers:  +41 91 610 56 00  (Europe)
                  +44 207 107 0611  (UK)
                  + 1 866 291 4166  (USA)

The webcast and slides will be available at www.addexpharma.com

About Us

Addex Pharmaceuticals discovers and develops allosteric modulators, an emerging class of small molecule therapeutic agents. Allosteric modulation may offer more sophisticated ways to normalize biological signaling compared to classical orthosteric agonist or antagonist drugs. Allosteric, literally translated from its Greek roots, means: other site. Thus, allosteric modulators bind receptors at sites that are distinct from the binding sites of classical small molecule orthosteric agonist and antagonist drugs.

The most advanced drug candidate, ADX10059, a negative allosteric modulator (NAM) of metabotropic glutamate receptor 5 (mGluR5), recently demonstrated clinically and statistically significant efficacy in separate Phase IIa clinical trials in gastroesophageal reflux disease (GERD) patients and migraine headache patients.

The Addex allosteric modulation discovery and development platform has been additionally validated through collaborations with Merck & Co., Inc. and Johnson & Johnson.

Disclaimer

The foregoing release contains forward-looking statements that can be identified by terminology such as "not approvable," "continue," "believes," "believe," "will," "remained open to exploring," "would," "could," or similar expressions, or by express or implied discussions regarding Addex Pharmaceuticals Ltd, its business, the potential approval of its products by regulatory authorities, or regarding potential future revenues from such products. Such forward-looking statements reflect the current views of Addex Pharmaceuticals Ltd regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results with allosteric modulators of mGluR4, mGluR2 or mGluR5 to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that allosteric modulators of mGluR4, mGluR2 or mGluR5 will be approved for sale in any market or by any regulatory authority. Nor can there be any guarantee that allosteric modulators of mGluR4, mGluR2 or mGluR5 will achieve any particular levels of revenue (if any) in the future. In particular, management's expectations regarding allosteric modulators of mGluR4, mGluR2 or mGluR5 could be affected by, among other things, unexpected actions by our partners, unexpected regulatory actions or delays or government regulation generally; unexpected clinical trial results, including unexpected new clinical data and unexpected additional analysis of existing clinical data; competition in general; government, industry and general public pricing pressures; the company's ability to obtain or maintain patent or other proprietary intellectual property protection. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. Addex Pharmaceuticals is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.

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Contact Information

  • Contact

    Chris Maggos
    Head of Investor Relations & Communications
    Addex Pharmaceuticals
    +41 22 884 15 11 Direct
    Email Contact