Basilea Announces Filing Of New Drug Submission In Canada For Alitretinoin

Basel, Switzerland, Dec 21, 2007 - (Hugin via ABN Newswire) - Basel, Switzerland, December 21st, 2007 - Basilea Pharmaceutica Ltd. (SWX:BSLN) announced today the filing of a New Drug Submission (NDS) for alitretinoin with the Therapeutic Products Directorate of Health Canada.

This submission supports the proposed use of oral alitretinoin in severe refractory chronic hand eczema. Marketing applications for the use of alitretinoin in the treatment of severe chronic refractory hand eczema have also been filed in Switzerland and in several EU member states.

About Basilea Basilea Pharmaceutica Ltd. is an integrated biopharmaceutical company headquartered in Basel, Switzerland, listed on the SWX Swiss Exchange (SWX:BSLN). Basilea is currently focused on the research, development and commercialization of new antibacterial, antifungal and dermatology drugs in the hospital and specialty care setting.

Disclaimer This communication expressly or implicitly contains certain forward-looking statements concerning Basilea Pharmaceutica Ltd. and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of Basilea Pharmaceutica Ltd. to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Basilea Pharmaceutica Ltd. is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

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Basilea Pharmaceutica AG

http://www.basilea.com

ISIN: CH0011432447

Stock Identifier: XSWX.BSLN

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