The Eurostars programme funds research and development (R&D) activities driven by Small and Medium size Entities. The EU is supporting the initiative with a €100 million grant, while an additional €300 million will come from the 27 countries which have signed up to the initiative. VD Nils Brünner comments: I'm very happy that WntResearch has received this positive evaluation allowing us to believe that we will receive financial support. With this expected support and the latest capital raise - I believe we can move forward as expected with our clinical program moving into clinical phase 1 in 2012. Tommy Andersson comments: As a scientist and founder of WntResearch I'm proud and happy to receive this very encouraging evaluation and I see it as a blue stamp for the Foxy-5 project and the science behind it. For further information please contact: Peter Buhl Jensen, Chairman of the Board E-mail: pbj@buhloncology.com Telephone: +45 2160 8922