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 Research Results of Guilford's
 Neuroimmunophilin Ligands Published in
 Proceedings of the National Academy of
 Sciences First Orally Active Neurotrophic
 Agents to Demonstrate Nerve, Re-Growth ..

 Source: PR Newswire

BALTIMORE, March 4 /PRNewswire/ via Individual Inc. -- Guilford
Pharmaceuticals Inc. (Nasdaq: GLFD) today announced the publication of
research results on GPI-1046, one of the lead compounds in Guilford's
program to develop drugs to promote nerve growth, in today's issue of
the Proceedings of the National Academy of Sciences (U.S.A.), Volume
94, number 5, pp. 2019-2024, 1997. The results of this research
demonstrate that GPI-1046 can protect nerves from damage and cause
brain cells to regenerate in animal models of central nervous system
and peripheral nerve damage.

The paper, communicated by Dr. Solomon Snyder of The Johns Hopkins
University School of Medicine, presents the results of experiments
with GPI-1046, an orally active neuroimmunophilin ligand that crosses
the blood- brain barrier. The studies show that GPI-1046 promotes both
morphologic and functional recovery in animal models of both
peripheral nerve injury and Parkinson's disease.

Immunosuppressive drugs such as cyclosporin A and FK-506 are known to
bind to intracellular proteins called immunophilins. Scientists at
Johns Hopkins and Guilford have previously discovered that
immunphilins are enriched 10-40 fold more in the brain than in immune
tissue and that drugs that bind to immunophilins, such as FK-506,
produce nerve growth in vitro and in vivo (i.e., they are
neurotrophic). Guilford scientists, utilizing structure-based drug
design, synthesized a series of novel small molecule neuroimmunophilin
ligands, such as GPI-1046, which possess the neurotrophic activity of
FK-506, but are devoid of immunosuppressive activity.

In a mouse model of Parkinson's disease, GPI-1046 showed a potent
neuroprotectant effect on the nigral-striatal dopamine system, an area
of the brain damaged in Parkinson's disease. In these studies, the
neurotoxin MPTP was administered to severely damage nigral-striatal
dopamine neurons and mimic the damage caused by Parkinson's disease,
simultaneously with GPI-1046. Compared with the MPTP/control group,
GPI-1046 protected more than 80% of nigral-striatal dopamine neurons.

"These results suggest that neuroimmunophilin ligands such as
GPI-1046, may represent a significant new approach to the treatment of
neurodegenerative disorders such as Parkinson's disease," commented
Dr. Peter Suzdak, Vice President of Research at Guilford
Pharmaceuticals Inc., and an author of the paper.

The studies went one step further in an attempt to more accurately
model human Parkinson's disease by administering GPI-1046 after damage
of the nigral-striatal dopamine neurons had taken place by the
administration of two different neurotoxins, either MPTP or
6-hydroxydopamine. In these experiments, GPI-1046 was administered up
to one month after striatal dopamine neurons were destroyed by the
neurotoxin. GPI-1046 significantly increased the number of functional
dopamine terminals in the striatum at doses as low as 4 mg/kg.
Administration of GPI-1046 was also shown to significantly improve
both neuronal dopamine levels and turnover, indicating physiological
recovery. Furthermore, administration of GPI-1046 was also shown to
significantly improve functional behavior in the rats, as measured by
apomorphine or amphetamine induced rotational behavior.

The studies looked at other neurological models in addition to
Parkinson's disease and also found protective and regenerative effects
using GPI-1046. In animals whose sciatic nerves were crushed, GPI-1046
accelerated functional recovery of the damaged nerves. The compound
was able to regenerate the myelin sheath over the nerves, a
characteristic critical to nerve re-growth and recovery of function.

"To our knowledge, we believe our experiments are the first
demonstration of such a significant neuronal regenerative effect with
an orally-active non- immunosuppressive small molecule. We believe
that our findings are also particularly important in that they are the
first demonstration of both physiological and behavioral recovery
following oral administration of a small molecule neuroimmunophilin
ligand in this animal model of Parkinson's disease," commented Dr.
Suzdak.

"One of the most striking features of the neurotrophic actions of
these neuroimmunophilin ligands is their efficacy and potency,"
commented Dr. Joseph Steiner, Senior Scientist and Head of Biology for
the neuroimmunophilin program at Guilford Pharmaceuticals, and an
author of the paper. "GPI-1046 has produced significant enhancement of
neurite outgrowth in sensory ganglia at concentrations as low as 1
picomolar. This means its neurotrophic potency is greater than that of
nerve growth factor itself."

"Another potential advantage of GPI-1046 is that it is orally active
and crosses the blood-brain barrier. Thus, it should not be limited by
the drug delivery problems associated with protein or peptide growth
factors," said Dr. Greg Hamilton, Principal Scientist and Head of
Chemistry for the neuroimmunophilin program at Guilford
Pharmaceuticals, and an author of the paper.

"Based on our experiments to date, we are actively investigating our
neuroimmunophilin ligands as potential treatments for a range of
neurodegenerative disorders, such as Parkinson's disease, Alzheimer's
disease, multiple sclerosis, traumatic head and spinal cord injuries,
stroke, and peripheral neuropathies such as diabetic neuropathy. If
continued pre- clinical development proceeds favorably, we hope to
begin clinical trials as soon as possible," said Dr. Craig R. Smith,
Guilford's President and CEO.

Guilford Pharmaceuticals, Inc. is a biopharmaceutical company engaged
in the development of polymer-based therapeutics for cancer, and novel
products for the diagnosis and treatment of neurological diseases,
including Parkinson's disease, Alzheimer's disease, stroke, severe
head trauma, spinal cord injuries, multiple sclerosis, peripheral
neuropathies, and cocaine addiction.

This press release contains forward-looking statements that involve
risk and uncertainties, including those described in the Company's
current report on Form 8-K filed on September 24, 1996, that could
cause the Company's actual results and experience to differ materially
from anticipated results and expectations expressed in these
forward-looking statements. In particular, (i) the pre-clinical
results discussed above are based on a limited number of animal
models, and there can be no assurance that the company will be able to
successfully develop GPI-1046 or one or more of its other compounds
into a safe and effective FDA-approved drug, and (ii) the Company's
hope to begin human trials is dependent upon factors such as the
further pre-clinical development of these compounds, and no assurance
can be given that delays may not occur in the Company's current plans.
While the Company has filed numerous patent applications claiming
neuroimmunophilin ligands for neurotrophic applications in the U.S.
and abroad, the patentability, validity, priority, enforceability, and
non-infringement of claims made in such applications cannot be
assured. SOURCE Guilford Pharmaceuticals Inc.

/CONTACT: Angela Webber of Guilford Pharmaceuticals, 410-631-6449; for
media, Brad Miles of BMC, or for investors, Jonathan Fassberg of The
Trout Group, 212-477-9007/ (GLFD) CO: Guilford Pharmaceuticals Inc.
ST: Maryland IN: MTC SU: PDT KS-JA -- DCTU011 -- 4457 03/04/97 09:47
EST http://www.prnewswire.com [03-04-97 at 12:00 EST, PR Newswire]