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Metaphore Pharmaceuticals, Inc. Elects Financial Executive To Its Board Of Directors


10/19/2005 5:12:28 PM

FT. LEE, N.J., Dec. 14 /PRNewswire-FirstCall/ -- Metaphore Pharmaceuticals, Inc., an emerging pharmaceutical company developing drugs for the treatment of pain, autoimmune disorders and inflammation, today announced that it has elected Harold W. Ingalls, CPA, to its Board of Directors. He will serve on the company's audit and corporate governance committees.

Ingalls is the Chief Financial Officer of Serologicals Corp. , a Norcross, Georgia-based global provider of biological products, enabling technologies and custom services to life science companies and research organizations. He also served as Chief Executive Officer and a director of Nutech Sciences, Inc. and held senior management positions at Laroche Industries, Inc., including Chief Financial Officer, President and Chief Executive Officer. Prior to that Mr. Ingalls served as Chief Financial Officer of OHM Corporation.

"Harold Ingalls has built a reputation for leadership and integrity, and we look forward to benefiting from his financial acumen," said Alan W. Dunton, M.D. Metaphore's President and Chief Executive Officer. "He complements an experienced and talented group that will continue to provide outstanding guidance and direction for our company's future success. It is an honor to welcome him as a member of our Board of Directors."

About M40403 and SOD Mimetics

Metaphore's lead compound, M40403iv, is a synthetic version of a naturally occurring enzyme produced by the body known as superoxide dismutase (SOD). SOD functions in the body to neutralize free radicals, thereby reducing inflammation, preventing tissue injury and reducing pain. These free radicals, called superoxides, are overproduced in the presence of cell or tissue injury, inflammation and many disease processes. Elevated levels of superoxides can overwhelm the body's natural production of SODs, resulting in a continuing cycle of cell injury, inflammation, and pain. Metaphore has developed SOD mimetics (SODm), which are synthetic compounds that mimic the actions of SODs and supplement the body's natural process of reducing inflammation, limiting cellular damage and relieving pain.

In addition, SODm has the ability to substantially contribute to the pain relieving benefits associated with opioids. In a Phase II Clinical Trial, M40403 markedly improved the pain relief produced by opioids while making them more effective and more predictable. In independent tests by the National Institute on Drug Abuse, M40403 was found to have no addictive properties or abuse liability.

More about the Company

Metaphore Pharmaceuticals, Inc. is a privately held, emerging pharmaceutical company which discovers, develops and will market drugs that prevent and treat pain, autoimmune disorders and inflammation. The company leverages its expertise in chemistry and biology to discover and develop small molecule compounds that mimic the activity of human enzymes. Metaphore's lead compounds mimic the function of superoxide dismutase (SOD), a beneficial enzyme that serves an important protective role in the body by removing superoxide, a toxic free radical that can damage cells and tissues. Superoxide anions are implicated in a variety of diseases associated with pain and inflammation.

Metaphore has a global, multilayered intellectual property estate covering its broad class of compounds including composition of matter and use patents. This IP estate includes 70 issued and 63 pending worldwide patents.

Product candidates in U.S. clinical testing have broad therapeutic potential across a variety of diseases. Metaphore currently focuses its clinical development efforts in pain, rheumatoid arthritis and inflammatory disorders. These markets are significant in terms of scope and size. The company maintains offices in Fort Lee, New Jersey and St. Louis, Missouri. For more information on Metaphore, please visit the Web site at: http://www.metaphore.com/.

This press release contains forward-looking statements based on information available to Metaphore as of the date hereof. In some cases, you can identify these forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," "continue," or the negative of these terms or other comparable terminology. Metaphore's actual results could differ materially from the results stated or implied by such forward-looking statements due to a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, general economic and business conditions, changes in governmental laws and regulations relating to the development and commercialization of pharmaceutical products, and competition in our industry. In addition, we are developing several products for potential future marketing. There can be no assurance that such development efforts will succeed, that such products will receive required regulatory clearance or that, even if such regulatory clearance were received, such products would ultimately achieve commercial success. Metaphore disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Alan W. Dunton, MD http://profnet.prnewswire.com/ud_public.jsp?userid=347693

Metaphore Pharmaceuticals, Inc.

CONTACT: Alan W. Dunton, M.D., President and Chief Executive Officer,adunton@metaphore.com, or Sara E. K. Cooper, Director of CorporateCommunications, scooper@metaphore.com, both of Metaphore Pharmaceuticals,Inc., +1-201-947-7707; or Scott M. Solomon, Vice President of Sharon MerrillAssociates, Inc., +1-617-542-5300, ssolomon@InvestorRelations.com; or MattDallas, Vice President of Financial Dynamics, +1-212-850-5627,mdallas@fd-us.com, both for Metaphore Pharmaceuticals, Inc.


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