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      Research Results of Guilford`s
      Neuroimmunophilin Ligand
      Program Published in Nature
      Medicine Paper Describes
      Research by Guilford
      Pharmaceuticals and Johns
      Hopkins <>

      BALTIMORE, April 1 /PRNewswire/ via Individual Inc. -- Guilford
      Pharmaceuticals Inc. (Nasdaq: GLFD) today announced the
      publication of research results from the Company's
      neuroimmunophilin small molecule neurotrophic agent program in
      today's issue of Nature Medicine, April 1997, Volume 3, Number 4,
      pp. 421-428. The paper describes some of the initial research
      conducted and discoveries made in the area by Guilford
      Pharmaceuticals and Johns Hopkins University which led to the
      separation of the immunosuppressant and neurotrophic activity
      of immunophilin ligands.

      Immunosuppressive drugs such as cyclosporin A and FK-506 are
      known to bind to intracellular proteins called immunophilins.
      Scientists at Johns Hopkins previously discovered that
      immunophilins are enriched 10-50 fold more in the brain than in
      immune tissue. The current paper, authored by scientists from
      both Guilford Pharmaceuticals and Johns Hopkins University,
      describes some of the initial cell culture and animal experiments
      conducted with both immunosuppressive compounds such as
      FK-506, cyclosporin A, and rapamycin, as well as
      non-immunosuppressive derivatives of those compounds.

      These experiments demonstrated that non-immunosuppressive
      analogs of immunosuppressive drugs promote neurite outgrowth
      in cell culture experiments in both PC12 cells as well as sensory
      neuronal cultures of chick dorsal root ganglia, with potencies
      comparable to their immunosuppressive homologues. It was
      noted that the neurotrophic potencies of immunophilin ligands
      parallel their potencies to bind to the immunophilins FKBP-12 or
      cyclophilin. A further finding of the research was that binding to
      calcineurin, the required target for immunosuppressive activity, is
      not required for neurotrophic activity, since
      non-immunosuppressive compounds which do not inhibit
      calcineurin, are also neurotrophic.

      These data also suggested that it would be possible to design
      compounds which selectively interacted with FKBP-12 and
      produced a neurotrophic effect, but lacked the
      immunosuppression associated with immunosuppressive agents.

      Further experiments in whole animals with both
      immunosuppressive and non- immunosuppressive immunophilin
      ligands showed that non-immunosuppressive immunophilin
      ligands are neurotrophic in intact animals. In rats whose sciatic
      nerves were crushed, both immunosuppressive and
      non-immunosuppressive immunophilin ligands enhanced both
      functional and morphologic recovery of the damaged nerves.
      Furthermore, the compounds were also able to regenerate the
      myelin sheath over the nerves, a characteristic critical to nerve
      re-growth and recovery of function.

      Guilford scientists, utilizing structure-based drug design and
      combinatorial chemistry, have expanded on these original
      findings, and have synthesized hundreds of proprietary small
      molecule neuroimmunophilin ligands in several chemical series
      which possess neurotrophic activity but are devoid of
      immunosuppressive properties.

      "This publication describes some of the original discoveries in
      this important new field first made by Johns Hopkins scientists,
      which laid the groundwork for Guilford's program in this area.
      These findings are particularly notable in that they demonstrate
      both physiological and behavioral recovery following oral
      administration of small molecule neuroimmunophilin ligands in
      animal models of neuronal degeneration. Our discoveries may
      represent an important new approach to the treatment of a wide
      variety of neurodegenerative disorders," commented Dr. Solomon
      H. Snyder, Director of the Department of Neuroscience at The
      Johns Hopkins University School of Medicine.

      Other results from Guilford's neuroimmunophilin research program
      were published last month in the Proceedings of the National
      Academy of Sciences (U.S.A.), Volume 94, number 5, pp.
      2019-2024, 1997. Last week, Guilford also announced that it had
      received U.S. Patent Number 5,614,547 from the U.S. Patent and
      Trademark Office, relating to compositions and neurotrophic uses
      of immunophilin ligands.

      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.

      SOURCE Guilford Pharmaceuticals Inc.

      /CONTACT: Angela Webber of Guilford Pharmaceuticals,
      410-631-6449; for media, Brad Miles of B.M.C. or for investors,
      Jonathan Fassberg of The Trout Group, 212-477-9007/ (GLFD)