Pharmaxis 
(ASX: PXS; Nasdaq: PXSL) today announced that the first patients have been 
enrolled in a Swiss clinical trial evaluating the ability of Aridol to 
predict the response to inhaled steroids in patients with Chronic 
Obstructive Pulmonary Disease (COPD).
  
The independent investigator-led trial will test the hypothesis that   
patients with COPD are more likely to have a good clinical response to 
inhaled steroids if they have a positive Aridol challenge test. The global 
prescribing guidelines recommend the use of steroids only for patients with 
moderate to severe COPD.
 
    
COPD is a lung disease in which the lungs are damaged, restricting 
airflow and making it difficult for sufferers to breathe. COPD is a major 
cause of illness and the fourth leading cause of death in the developed 
world.
 
    
Pharmaxis CEO, Alan Robertson said, "When to add inhaled steroids to 
bronchodilator therapy in COPD remains an important clinical dilemma and it 
is not ideal to wait until the patient has developed severe disease. To 
date, there is no proven method available to guide physicians in this 
decision. We believe that an early and objective indicator could lead to 
changes in treating one of the world's most prevalent diseases affecting 
over 20 million people in the U.S. alone."
 
    
The trial follows on from two earlier studies: a pilot study by the 
same investigator, and an Australian Phase II trial completed by Pharmaxis 
earlier this year. The trial will follow a larger group of patients 
diagnosed with COPD and receiving baseline bronchodilator therapy with 
Spiriva(TM). The trial is scheduled to complete during the first half of 
2008.
 
    
After a one month period during which patients inhale Spiriva alone, 
the 100 participants will be tested with Aridol then randomised to receive 
inhaled steroids or placebo. Lung function, response to Aridol, 
exacerbations and changes in quality of life will be measured at the end of 
the trial.
  
    
To find out more about Pharmaxis, go to pharmaxis.au.
    
Aridol is a registered trade mark of Pharmaxis
    
Spiriva is a registered trade mark of Boehringer-Ingelheim
    
Forward-Looking Statements
    
The statements contained in this press release that are not purely 
historical are forward-looking statements within the meaning of Section 21E 
of the Securities Exchange Act of 1934, as amended. Forward-looking 
statements in this press release include statements regarding our 
expectations, beliefs, hopes, goals, intentions, initiatives or strategies, 
including statements regarding the potential for Aridol and/or Bronchitol. 
All forward-looking statements included in this press release are based 
upon information available to us as of the date hereof, and we assume no 
obligation to update any such forward-looking statement as a result of new 
information, future events or otherwise. We can not guarantee that any 
product candidate will receive FDA or other regulatory approval or that we 
will seek any such approval. Factors that could cause or contribute to such 
differences include, but are not limited to, factors discussed in the "Risk 
Factors and Other Uncertainties" section of our Form 20-F lodged with the 
U.S. Securities and Exchange Commission.
 
Pharmaxis Ltd
pharmaxis.au
View drug information on Spiriva HandiHaler.
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