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FOR IMMEDIATE RELEASE

January 22, 2003

ASINEX and Vasopharm BIOTECH, are pleased to announce the completion of the first part of a multi-stage lead generation project for novel Nitric Oxide synthase inhibitors.

ASINEX and Vasopharm BIOTECH, are pleased to announce the completion of the first part of a multi-stage lead generation project for novel Nitric Oxide synthase inhibitors. NO-synthases play a key role in the regulation of biological processes in organisms, a clear picture of their mechanisms of action has not yet been clearly developed.

Protein Modeling and Flexible Docking was successfully performed by ASINEX's Department of Molecule Design & Analysis on the basis of previous investigations by Vasopharm BIOTECH, and extensive studies by ASINEX. Potential compounds with enzyme inhibitor activity valid against the 3 isoforms of NOS were selected from ASINEX's in-house Platinum Collection of small molecule compounds. Approximately 1000 compounds are now being tested in biological assays.

'ASINEX's computational department in combination with their chemical expertise will significantly accelerate our drug development process and create an ideal synergism to our in-house computational drug discovery platform' explains Dr. Frank Tegtmeier, Vasopharm's CSO.

Dimitri Genis, CEO, ASINEX said 'We are very happy to collaborate with Vasopharm who work in the interesting field of the NO/cGMP signaling pathway. We are especially delighted that Vasopharm has recognized the expertise of our computational department in combination with our recognized chemical expertise.'

ASINEX of Moscow is a full-service chemistry provider of 'Intelligent Chemistry` for the lead generation and optimization stage of drug discovery. Well known as a supplier of diverse small molecule libraries for screening, and building blocks for combi-chem. ASINEX has developed a reputation for cost-effective and efficient lead optimization, custom synthesis and focused library generation. ASINEX's In-House generated Platinum collection now contains more than 100,000 compounds. Combinatorial Constructor is based on Platinum templates, it is a well-validated real/virtual collection of 1,200,000 structures. Advanced GPCR, Kinase and Ion-Channel targeted libraries have been recently launched. They were generated using the expertise of ASINEX's computational, chemical and bio-screening facilities.

Vasopharm BIOTECH GmbH, Wurzburg, Germany. Our corporate goal is the development of diagnostic and therapeutic applications for the treatment of cardiovascular and cerebal diseases. Its core competence is based on the understanding of the NO/cGMP signaling pathway and its clinical significance. The company was founded in July 1998 and was established as a spin-off from the University of Wurzburg by Dr. Harald Schmidt, Professor of Pharmacology and Toxicology, and Dr. Ulrich Walter, Professor of Clinical Biochemistry and Pathobiochemistry; both opinion leaders in the NO/cGMP field.


CONTACTS:

ASINEX
Dimitri Genis
tel. (00)7 095 190 7960
email: asinex@asinex.com

www.asinex.com




Frank Tegtmeier
tel. 49 (0)641 931 1140
email: tegtmeier@vasopharm.com