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FDA Grants Type B Meeting To Be Held November 8, 2010 To Discuss Phase III Protocols For Androxal®

Repros Therapeutics Inc. ® (NasdaqCM:RPRX) today announced that the Company has been granted a Type B meeting to be held on November 8, 2010 with the Division of Reproductive and Urologic Products to review the Company’s Phase III pivotal efficacy protocols for Androxal ® in the treatment of secondary hypogonadism. Androxal is an oral drug that normalizes both testosterone and sperm levels.

The Phase III studies are designed to compare Androxal to a topical testosterone and placebo. In a similarly designed small pilot study previously conducted by Repros, only Androxal resulted in consistent normalization of both testosterone and sperm counts in a majority of subjects. In this population of men that previously used a topical testosterone, after three months of treatment, no men on testosterone or placebo exhibited normal concentrations for both measures. Per FDA recommendation, benefit will be determined by “normalization of serum testosterone levels while preserving fertility.”

The proposed Phase III efficacy program is designed to have two trials with a total of 80 subjects enrolled in each study, randomized into four 20 subject arms. The four arms are 12.5 and 25 mg Androxal, placebo and open label approved topical testosterone. The Androxal and placebo arms will be double blind. The topical testosterone will be used per manufacturers’ instructions. Subjects will be dosed for three months. The primary endpoint for the two studies is a responder analysis, with a responder being defined as an individual that exhibits a morning testosterone greater than 300 ng/dl and a total sperm count greater than 39 million sperm (or sperm concentration >15x10 6/ml) at the end of the three month dosing period. The World Health Organization Laboratory Manual for the Examination of Human Semen, 5 th Edition, has set the mean lower reference limits (5 th percentiles) for semen characteristics of fertile men at 39x10 6 total sperm per ejaculate and a concentration of 15x10 6 sperm per ml.

The two studies will recruit related but different subjects. The first study will recruit men that have been currently using a topical testosterone for at least three months. These men will be required to stop taking their current topical testosterone for three weeks. Based on one of the Company’s previously completed pilot studies, the Company believes this group of men will exhibit morning testosterone levels <250 ng/dl and sperm counts below 39x10 6 total sperm per ejaculate after the three week washout.

The second pivotal study will enroll men that are naïve to testosterone treatment or have not used topical testosterone for at least 6 months. The men will be screened to ensure that their morning testosterone is <250 ng/dl (FDA recommendation). Based on the previously completed study, the Company believes this group of men will exhibit sperm counts greater than 39x10 6 total sperm per ejaculate at baseline.

If results from previous studies are consistent with outcomes for the planned trials the Company believes the outcome from both studies will be the same. At the end of the three month dosing period only Androxal administration will result in normalization of both testosterone and sperm counts in a majority of subjects. Though these two pivotal studies for efficacy are small, Repros believes they are properly powered based on expected outcomes. The Company engaged Dr. J. Richard Trout, Professor Emeritus Rutgers, biostatistician and consultant to the pharmaceutical industry, to assess the two study designs. Based on previous experience suggesting the 12.5 mg dose of Androxal will exhibit a responder rate of 70% and topical testosterone will exhibit a responder rate of 15%, Dr. Trout opined that a study with 20 subjects per arm would be powered at the 80% level and should be more than adequate to demonstrate a statistically significant efficacy signal. Comparing the higher 25 mg dose of Androxal, which exhibited a responder rate of roughly 85% to topical testosterone, the study is powered to an even greater degree.

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