Human Genome Sciences : FYI from Human Genome Sciences: GlaxoSmithKline Announces New Data from Phase 3 Studies of Once-Weekly Albiglutide in Type 2 Diabetes
06/09/2012| 12:35pm US/Eastern

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Detailed 52- and 32-week data from the first two Phase 3 studies of
the investigational once-weekly glucagon-like peptide-1 (GLP-1)
receptor agonist presented at ADA
Attached is a press
release issued earlier this morning by GlaxoSmithKline,
announcing that detailed findings from the Harmony 6 Phase 3 study
comparing albiglutide to prandial insulin (Lispro), were presented today
at the American Diabetes Association Meeting (ADA) in Philadelphia, USA,
and show that the effect is maintained out to 52 weeks. Results from the
Harmony 7 Phase 3 study comparing albiglutide (50 mg) to once-daily
liraglutide (1.8 mg) were also presented.
Albiglutide, an investigational once-weekly glucagon-like peptide-1
(GLP-1) receptor agonist, was created by HGS using its proprietary
albumin-fusion technology, and was licensed to GSK in 2004. HGS is
entitled to fees and milestone payments that could amount to as much as
$183 million - including $33.0 million received to date - in addition to
single-digit net royalties on worldwide sales if albiglutide is
commercialized.
All inquiries regarding the albiglutide Phase 3 data announced today
should be directed to the contacts provided by GSK.
Human Genome Sciences exists to place new therapies into the hands of
those battling serious disease. For more information about HGS, please
direct inquiries to the HGS contacts provided, or visit the Company's
web site at www.hgsi.com.
HGS and Human Genome Sciences are trademarks of Human Genome Sciences,
Inc. Other trademarks referenced are the property of their respective
owners.
SAFE HARBOR STATEMENT
This announcement includes statements that are forward-looking within
the meaning of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include those regarding our
expectations for albiglutide, among others. These forward-looking
statements are based on our current intentions, beliefs and expectations
regarding future events. We cannot guarantee that any forward-looking
statement will be accurate. Investors should realize that if underlying
assumptions prove inaccurate or unknown risks or uncertainties
materialize, actual results could differ materially from our
expectations. Investors are, therefore, cautioned not to place undue
reliance on any forward-looking statement. Any forward-looking statement
speaks only as of the date of this announcement, and, except as required
by law, we do not undertake to update any forward-looking statement to
reflect new information, events or circumstances.
Some important factors that could cause our actual results to differ
from our expectations in these forward-looking statements include: our
lack of commercial experience and dependence on the sales growth of
BENLYSTA; any failure to commercialize BENLYSTA successfully; the
occurrence of adverse safety events with our products; changes in the
availability of reimbursement for BENLYSTA; the inherent uncertainty of
the timing, success of, and expense associated with, research,
development, regulatory approval and commercialization of our pipeline
products and new indications for existing products; substantial
competition in our industry, including from branded and generic
products; the highly regulated nature of our business; uncertainty
regarding our intellectual property rights and those of others; the
ability to manufacture at appropriate scale, and in compliance with
regulatory requirements, to meet market demand for our products; our
substantial indebtedness and lease obligations; our dependence on
collaborations over which we may not always have full control; foreign
exchange rate valuations and fluctuations; the impact of our
acquisitions and strategic transactions; changes in the health care
industry in the U.S. and other countries, including government laws and
regulations relating to sales and promotion, reimbursement and pricing
generally; significant litigation adverse to the Company, including
product liability and patent infringement claims; our ability to attract
and retain key personnel; and increased scrutiny of the health care
industry by government agencies and state attorneys general resulting in
investigations and prosecutions.
The foregoing list sets forth many, but not all, of the factors that
could cause actual results to differ from our expectations in any
forward-looking statement. Investors should consider this cautionary
statement, as well as the risk factors identified in our periodic
reports filed with the SEC, when evaluating our forward-looking
statements.

Human Genome Sciences, Inc.
Media Contacts:
Susannah
Budington
Director, Corporate Public Relations
301-545-1062
or
Jerry
Parrott
Vice President, Corporate Communications
301-315-2777
or
Investor
Contacts:
Claudine Prowse, Ph.D.
Vice President, Investor
Relations
301-610-5800
© Business Wire 2012
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