Article: Antares Pharma Begins Clinical Trial of Its Needle-Free Drug Delivery System Under the Terms of Previously Announced Option Agreement With Eli Lilly and Company.

Antares Pharma, Inc. today announced that IKP (Institut fur Klinische Pharmakologie), a leading contract research organization (CRO) located in Grunstadt, Germany, has received approval and begun the clinical study defined in the extension of Antares Pharma's option agreement with Eli Lilly and Company . This agreement was extended in December 2002 in order to conduct an additional clinical study to support Lilly's evaluation of Antares Pharma's needle-free drug delivery technology.

Roger G. Harrison, Chief Executive Officer and President of Antares Pharma, said, "We are pleased with the progress made since the announcement of the extension of our option ...

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