Cambridge-Elan Centre for Research Innovation and Drug Discovery Launched

The University of Cambridge and Elan Corporation plc. (NYSE: ELN) today announced the launch of The Cambridge-Elan Centre for Research Innovation and Drug Discovery (Cambridge-Elan Centre), which will be located at the University of Cambridge, England. The Cambridge-Elan Centre will provide a highly interdisciplinary environment uniquely positioned for delivering world-leading translational research focused on innovative therapies for Alzheimer's and Parkinson's diseases. This ten-year agreement paves the way for a long-term collaboration between Elan and the University of Cambridge.

The goal of the Cambridge-Elan Centre is to discover novel compounds capable of altering the behaviour of proteins associated with neurodegenerative disorders that can be developed into new treatments. The Centre will bring together Elan’s two decades of experience in Alzheimer’s research and its depth in biology and model systems with the University of Cambridge’s pioneering contributions in the development of biophysical approaches to study the molecular basis of protein misfolding and aggregation, and their links to disease.

Through the combination of unique strengths, the Cambridge-Elan Centre will enable investigators across the two organisations to explore novel approaches to improve the understanding of biophysical and biochemical aspects of protein folding and misfolding, and to explore unique approaches to modulate these processes in an effort to discover new therapeutics.

‘This agreement is a natural next step in the existing working relationship between our scientists in South San Francisco and scientists at the University of Cambridge,’ said Dale Schenk, Ph.D., executive vice president and chief scientific officer at Elan. ‘This collaborative effort complements our portfolio of programs in neuroscience and supports the process of discovery which we believe may lead to a class of therapeutics that no one has thought possible before.’

Ted Yednock, PhD, executive vice president and head of discovery and translation for Elan went on to say, ‘Protein folding, misfolding and turnover are central to neurological disease and will be the basis for further scientific and therapeutic advancements. Our relationship with Cambridge will enable us to address the interconnecting biology and biophysics of protein misfolding in multiple disease areas simultaneously and in a timely way for the ultimate benefit of patients.’

Commenting on the Centre, Vice-Chancellor of the University of Cambridge, Professor Sir Leszek Borysiewicz said, ‘This exciting collaboration between Cambridge and Elan highlights how, by building on the strengths of each of the organisations, we may find new ways to treat - and beat - debilitating diseases like Alzheimer’s and Parkinson’s, expediting the development of fundamental research into viable treatments for the benefit of the millions they affect.’

Speaking about his relationship with Elan and the launch of the Cambridge-Elan Centre, Professor Christopher Dobson FRS, the John Humphrey Plummer Professor of Chemical and Structural Biology at the University of Cambridge and Master of St. John’s College said, ‘I believe that we are creating a Centre that will become globally recognized for innovation. Our collective expertise, proven ability to collaborate, and open innovation model provide an exciting basis for the future. The new Centre will bring together the skills of scientists working in an academic institution and in a biotechnology company to develop new and more effective therapies for some of the most devastating and increasingly common human diseases.’

About Elan

Elan is a neuroscience focused biotechnology company committed to making a difference in the lives of patients and their families by dedicating itself to bringing innovations in science to fill significant unmet medical needs that continue to exist around the world. For additional information about Elan, please visit http://www.elan.com.

About the University of Cambridge

The University of Cambridge’s mission is to contribute to society through the pursuit of education, learning and research at the highest international levels of excellence.

Cambridge’s reputation for excellence is known internationally and reflects the scholastic achievements of its academics and students, as well as the world-class original research carried out by its staff. Some of the most significant scientific breakthroughs occurred at the University, including the splitting of the atom, invention of the jet engine and the discoveries of stem cells, plate tectonics, pulsars and the structure of DNA. From Isaac Newton to Stephen Hawking, the University has nurtured some of history’s greatest minds and has produced more Nobel Prize winners than any other UK institution with over 80 laureates.

Except for historical information, all of the statements, expectations and assumptions contained in this news release, including expectations and assumptions about The University of Cambridge' and Elan's strategic business relationship are forward-looking statements that involve a number of risks and uncertainties. Although the University of Cambridge and Elan attempt to be accurate in making these forward-looking statements, future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors which could cause results to differ materially include the following: risks associated with collaborative relationships; whether the University of Cambridge and Elan can successfully discover and develop potential products and agree on licensing terms for any such products; whether the collaboration agreement is terminated early; competition and the other risk factors set forth from time to time in the U.S. Securities and Exchange Commission filings for Elan, copies of which are available free of charge upon request from Elan investor relations.

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