NEOSE TECHNOLOGIES, INC. SHARES FALL AFTER STUDY START DELAYED BY FURTHER FDA QUESTIONS

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Neose Technologies, Inc. today provided an update on its clinical development program for NE-180, the Company's long-acting, GlycoPEGylated erythropoietin for the treatment of anemia. The company has concluded the dosing and safety follow-up for its Phase I trial in Western Europe. Final analyses of pharmacokinetic data and other parameters are ongoing. NE-180 was generally well-tolerated at the doses tested, and the expected increases in reticulocytes and hemoglobin were observed in both the intravenous and subcutaneous dose groups.

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