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Genaera Corporation Completes Strategic Review and Announces Plan to Focus Resources on Obesity and Asthma Programs

Published in Fitness and Wellness Business Week, April 25th, 2007

Genaera Corporation (NASDAQ:GENR) announced that its Board of Directors has approved management's plan to focus corporate resources on the development of trodusquemine (MSI-1436) for the treatment of obesity. Trodusquemine development, along with Genaera's partnership with MedImmune, Inc. on the development of anti-interleukin-9 (IL9) antibody for the treatment of asthma, will form the cornerstone of Genaera's research activities over the next year. In connection with this realignment, Genaera will reduce its workforce by approximately 30 percent over the next three months and pursue the divestiture of certain non-core assets.

"We have conducted an exhaustive review of...

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