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Human Genome Sciences and Abgenix enter a broad collaboration to create fully human antibody ,,therapeutics

Contact: Kurt Leutzinger Vice President and Chief Financial Officer Abgenix Inc. (510) 608-6575 and Marion E. Glick Porter Novelli 212/601-8273 Arthur Mandell Senior Vice President, Corporate and Business Development Human Genome Sciences 301/309-8504 and Kate de Santis Director, Corporate Communications and Investor Relations Human Genome Sciences 301/251-6003 HUMAN GENOME SCIENCES AND ABGENIX ENTER A BROAD COLLABORATION TO CREATE FULLY HUMAN ANTIBODY THERAPEUTICS ROCKVILLE, MARYLAND and FREMONT, CALIFORNIA-- December 1, 1999 -- Human Genome Sciences, Inc. (Nasdaq: HGSI) and Abgenix, Inc. (Nasdaq: ABGX) announced today a broad collaboration and technology exchange to identify dozens of novel human antibody drug candidates for development and commercialization. Under this multi-year agreement, HGS has the right to use Abgenix's XenoMouse (TM) technology to generate fully human antibody drug candidates using HGS' proprietary novel targets. HGS has identified and characterized thousands of fully-cloned expressed secretory proteins that provide a source of novel antigens. HGS will develop and commercialize independently antibody-based drugs arising from this collaboration. Abgenix also has an option in the future to develop and commercialize independently products derived from HGS antigens. HGS and Abgenix will pay reciprocal milestones and royalties for products developed and commercialized. In addition, the two companies will work together on certain antigens applying their complementary expertise to jointly develop additional antibody drugs. Abgenix and HGS intend to select up to two targets of interest each year for shared development and commercialization. Both Abgenix and HGS have built a product development capability in recent years. Abgenix has multiple proprietary antibody product candidates under development internally and is conducting three clinical trial programs for graft-versus-host disease,
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Contact: Kurt Leutzinger, Abgenix, Inc.
510-608-6575
Porter Novelli
30-Nov-1999


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