Antisense- green alert to ??, page-2

Hi bigprofit, you might be onto a good thing here. As you say MD is looking good 1344k buyers to 670k sellers.

MARSI is moving up the last week or so. The company has a good story also.

Fig Jam < I do not hold ANP at the moment. >

ANTISENSE THERAPEUTICS LIMITED 2002-06-17 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
MEDIA RELEASE: "ANTISENSE PSORIASIS CREAM - A STEP CLOSER"

Please find attached a joint media release by Antisense Therapeutics
Limited and Murdoch Childrens Research Institute relating to the
psoriasis project. The press release relates to and coincides with a
publication appearing today in the Journal of Investigative
Dermatology which reports that an antisense drug, when applied
topically, can enter human psoriasis lesions and be delivered to the
right place to treat psoriasis as stated earlier in the Antisense
Therapeutics Limited prospectus dated 16 November 2001.

N Korchev
COMPANY SECRETARY


Please Note: The new contact numbers for Antisense Therapeutics are
now; Phone: 9827 8999 Fax: 9827 1166

ANTISENSE PSORIASIS CREAM A STEP CLOSER

STORY

Melbourne researchers are developing an antisense treatment for
psoriasis skin lesions.

Today the international Journal of Investigative Dermatology reports
that an antisense drug, when applied topically, can enter human
psoriasis lesions and be delivered to the right place to treat
psoriasis.

Dr Christopher Wraight, leader of the research team at the Murdoch
Childrens Research Institute, says: "These results give us, and our
partner, the Melbourne biotech company Antisense Therapeutics, the
confidence to move to pre-clinical studies".

"Psoriasis affects 200,000 to 300,000 Australians," he says. It is a
chronic and poorly understood skin condition. The main feature of
psoriasis is red scaly patches of skin that come and go throughout
life. It is an uncomfortable and distressing condition.

The causes of psoriasis are unclear. We do know that it involves an
abnormal immune response in the skin in which the affected cells grow
more rapidly. We expect our cream to slow the growth of these cells.

Our research shows that the affected cells grow faster in response to
a growth factor (IGF. 1). Our antisense drug stops each cell from
responding to this growth factor, by blocking the cell a production
of its receptor protein.

MAKING SENSE OF ANTISENSE

Antisense drugs offer a new way forward for many hard-to-treat
conditions, says co-inventor Professor George Werther, Director of
the Centre for Hormone Research at the Murdoch Childrens Research
Institute, and a director of Antisense Therapeutics.

Most conventional drugs modify the activity of disease causing
proteins within the body once they are produced. Antisense drags will
go to work earlier, stopping the body from making these proteins.

Antisense drugs contain a synthetic genetic sequence which binds to
messenger RNA, the working copy of our genetic code that guides the
manufacture of proteins. The research team has created a unique
sequence that will only bind to the messenger RNA that is making the
target protein, in this case the IGF-1 receptor protein, to stop its
production.

The research team has already shown that the drug can help psoriatic
skin cells heal if it is injected in to the skin. This was reported
in Nature Biotechnology in 2000.

Dr Paul White, lead author on the new paper and based at the
Victorian College of Pharmacy says: "Our results show that psoriasis
lesions are easier to penetrate than we had previously thought".

"We will be taking the next generation of the drug to pre-clinical
studies and then it will undergo several years of clinical testing",
says Christopher Wraight, "Our next step will be to invite volunteers
to help us in the next stage of testing".

Further information:

Background information on psoriasis is available at:
http://home.vicnet.net.au/-psoriasis/ On antisense technology at;
www.antisense.com.au

Further information:

* Mark Diamond at Antisense on (03) 9826 0949

* Narelle Curtis at Murdoch on (03) 8341 6249 and/or

* Barbara Pesel at Pesel & Carron (03) 9663 0886

A copy of the full announcement, including newspaper article is
available in PDF format on www.asx.com.au. Alternatively it is
available for purchase from ASX Customer Service on 1 300 300 279.