SYNAGEVA BIOPHARMA RECEIVES EUROPEAN ORPHAN MEDICINAL PRODUCT DESIGNATION FOR SBC-102 FOR LYSOSOMAL ACID LIPASE DEFICIENCY

November 9, 2010

 

Lexington, Mass., November 9, 2010 -- Synageva BioPharma Corp.,

a privately held biopharmaceutical company, announced that the European Medicines Agency (EMA) granted orphan product designation for SBC-102 (Recombinant Human Lysosomal Acid Lipase), the Company’s enzyme replacement therapy in development to treat Lysosomal Acid Lipase (LAL) Deficiency.

As a result of the EMA orphan product designation, Synageva BioPharma will be eligible to receive access to protocol assistance, direct access to centralized marketing authorization and 10-year marketing exclusivity upon approval, fee reductions or exemptions, and other national incentives. The EMA’s orphan medicinal product designation is given to therapies that treat rare diseases, defined as conditions that affect no more than five in 10,000 persons in the European Union.

"The EMA’s orphan designation is an important milestone for the development of SBC-102 as a treatment for LAL Deficiency," said Eric Grinstead, Senior Vice President at Synageva BioPharma. "Our ability to help these patients depends on delivering a high quality therapeutic and high quality services. Synageva is proactively developing the infrastructure to support these patients and their healthcare providers."

LAL Deficiency, also known as Wolman Disease and Cholesteryl Ester Storage Disease (CESD), is a rare lysosomal storage disease (LSD) that affects individuals from infancy through adulthood. The disease shortens life and causes significant medical complications including liver failure and death. There are currently no approved treatments for LAL Deficiency.

"Based on the strength of the data that we presented at the American Society of Human Genetics meeting, Synageva is advancing a global clinical development program to evaluate SBC-102’s safety and efficacy for patients with LAL Deficiency," said Anthony Quinn, M.D., Ph.D., Synageva’s Chief Medical Officer and Head of R&D.

About Synageva BioPharma Corp.

Synageva BioPharma Corp. is dedicated to discovering, developing and commercializing therapies for patients with rare conditions and unmet medical need. The Company has developed a pipeline of therapeutics for under-served populations and has assembled a management team with a proven record of delivering orphan therapies to patients with need. Further information regarding Synageva BioPharma Corp. is available at www.synageva.com.

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Company Contact

: Media Contact:

Chris Heberlig Michele Parisi

Synageva BioPharma Corp. BioComm Network, Inc.

Tel: (781) 357-9900 Tel: (925) 864-5028

chris.heberlig@synageva.com mparisi@biocommnetwork.com

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