SOURCE: MorphoSys AG

May 25, 2010 01:42 ET

MorphoSys's Annual General Meeting Approves All Agenda Items

MARTINSRIED/MUNICH, GERMANY--(Marketwire - May 25, 2010) -

MorphoSys AG / MorphoSys's Annual General Meeting Approves All Agenda Items processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

MorphoSys Received Authorization to Repurchase Shares

MorphoSys AG (FSE: MOR; Prime Standard Segment, TecDAX) announced today that at the Company's annual shareholder meeting, which took place in Munich on Friday, May 21, 2010, its shareholders approved all management proposals put to vote at the meeting.

Amongst other measures, the shareholders authorized the Company to repurchase treasury stock up to a total of 10 % of the share capital until April 30, 2015. Additionally, in line with the Appropriateness of Executive Compensation Act (VorstAG), which came into effect in August 2009, the shareholders' plenum cast a non-committal vote in favor of the Company's compensation system for Executive Board members during the annual shareholders' meeting.

"We intend to use the share buy-back primarily as a means to provide a long-term incentive program for the executive board and our senior management," commented Dr. Simon Moroney, Chief Executive Officer of MorphoSys AG.

The shareholders of MorphoSys AG also approved:

* Granting full discharge to the members of the Management Board and the Supervisory Board for their activities during the business year 2009

* The appointment of KPMG AG Wirtschaftsprüfungsgesellschaft, Munich, as auditors of the Company and the MorphoSys Group for the business year 2010

* Amendment of the Articles of Association in accordance with the Act Implementing the Shareholders' Rights Directive (ARUG)

* Partial deletion of the Conditional Capital 2003-II, thereby eliminating options which have expired or been forfeited

* The compensation of the Supervisory Board

At the Annual General Meeting of MorphoSys AG 35.3% of the total share capital was represented.

About MorphoSys:

MorphoSys is an independent biotechnology company that develops novel antibodies for therapeutic, diagnostic and research applications. The Company's HuCAL technology is one of the most powerful methods available for generating fully human antibodies. By successfully applying this and other proprietary technologies, MorphoSys has become a leader in the field of therapeutic antibodies, one of the fastest-growing drug classes in human health-care. Through its alliances with some of the world's leading pharmaceutical companies, MorphoSys has created a pipeline of more than 60 drug candidates. The Company is expanding its drug pipeline by adding new partnered programs, and by building a portfolio of fully-owned therapeutic antibodies. For its proprietary portfolio, the Company is focused on the areas of oncology and inflammation. Its most advanced program MOR103, a first-in-class, fully human antibody against GM- CSF, is currently tested in a Phase Ib/IIa trial in rheumatoid arthritis patients. Via its business unit AbD Serotec, MorphoSys is expanding the reach of its technologies in the diagnostics and research markets. MorphoSys is headquartered in Munich, Germany and listed on the Frankfurt Stock Exchange under the symbol "MOR". For further information, visit http://www.morphosys.com/

HuCAL®, HuCAL GOLD ®, HuCAL PLATINUM®, CysDisplay® and RapMAT® are registered trademarks of MorphoSys AG.

This communication contains certain forward-looking statements concerning the MorphoSys group of companies. The forward-looking statements contained herein represent the judgment of MorphoSys as of the date of this release and involve risks and uncertainties. Should actual conditions differ from the Company's assumptions, actual results and actions may differ from those anticipated. MorphoSys does not intend to update any of these forward-looking statements as far as the wording of the relevant press release is concerned.


For more information, please contact:

MorphoSys AG
Dr. Claudia Gutjahr-Löser
Head of Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-122

Mario Brkulj
Senior Manager Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-454

Jessica Kulpi
Specialist Corporate Communications & IR
Tel: +49 (0) 89 / 899 27-332

investors@morphosys.com

[HUG#1418319]

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MorphoSys AG
Lena-Christ-Str. 48 Martinsried / München Germany

WKN: 663200;ISIN: DE0006632003;Index:TecDAX,Prime All Share,CDAX,TECH All
Share,HDAX,MIDCAP;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Bayerische Börse München,
Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;

Press Release (PDF): http://hugin.info/130295/R/1418319/368582.pdf

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