Genkyotex Receives FDA IND for Phase II Clinical Study

Geneva, Switzerland and Archamps, France, September 9, 2013 – Genkyotex, the leading developer of NOX enzyme inhibitors, announced today that the U.S. Food and Drug Administration has approved the company’s Investigational New Drug (IND) application to begin a Phase II clinical study of GKT137831 in patients with diabetic nephropathy. GKT137831 is a first in class inhibitor targeting NOX1 and NOX4 enzymes. Enrollment of patients into the multinational Phase II study is expected to begin during Q4, 2013.

“This IND approval is a major milestone for Genkyotex. As the first company developing an inhibitor of the NOX enzyme pathway, GKT137831, we are delighted to receive validation by the FDA of our extensive preclinical and Phase I data package as well as approval for our Phase II clinical trial design,” said Ursula Ney, Genkyotex's Chief Executive Officer. “Our focus is now on completing preparations for enrollment of the first patients with diabetic nephropathy into the global Phase II clinical proof of concept study, which will include investigational centres in North America, Europe and Australia.”

About NOX and its Role in Diabetic Nephropathy

NOX enzymes exist in seven isoforms and produce reactive oxygen species (ROS). ROS can cause tissue damage and modify biological pathways that are important in a number of pathologies, including metabolic, cardiovascular, pulmonary and neurological diseases. In the kidney, NOX4 is the most abundantly expressed isoform and even further upregulated in diabetic nephropathy. The causal role of NOX enzymes in diabetic complications is well recognised. NOX4 plays a key role in glomerular damage and kidney fibrosis, which lead to albuminuria and end-stage renal disease, respectively. NOX1 is also involved in angiogenesis, atherosclerosis and other diabetic co-morbidities, making the inhibition of both the NOX1 and NOX4 enzymes by GKT137831, an attractive therapeutic option for this hard to treat and growing global disease. This competitive therapeutic profile of GKT137831 has been validated in several animal models of diabetes and diabetic nephropathy.

About Genkyotex

Genkyotex is developing first in class, small molecule therapeutics that specifically and selectively inhibit the NOX family of enzymes. Using a unique screening platform, Genkyotex has identified novel NOX inhibitors with the potential to treat disease areas with a high clinical need and large market potential. The company’s lead product, GKT137831, is now entering Phase II clinical studies in patients with diabetic nephropathy and has shown promise in several other disease models, including atherosclerosis, idiopathic pulmonary fibrosis, liver fibrosis and models of angiogenisis. Genkyotex was founded in 2006 by scientists from Switzerland, the USA and Japan, with backing from Geneva incubator Eclosion. Leading global investors Edmond de Rothschild Investment Partners, Vesalius BioCapital and MP

Healthcare Venture Management have joined Eclosion in providing significant investment to Genkyotex. Further information can be found at: www.genkyotex.com.

For further information, contact:

Dr. Ursula Ney - CEO, Genkyotex

Tel: +41 22 880 1025 Mo: +44 7900 898 708 Email: ursula.ney@genkyotex.com

Mike Sinclair - Halsin Partners

Tel: +44 20 7318 2955  Mo: +44 7968 022075  Email: msinclair@halsin.com