VICTORIA, BC – May 1, 2006 The Vancouver Island Technology Park (VITP), an initiative of the University of Victoria today announced the expansion of Aspreva Pharmaceuticals’ global headquarters.

Aspreva moved into VITP in October 2003 and has been a key member of the Park community. The new facility will increase Aspreva’s space at VITP from 15,000 to 28,000 square feet.

Established in 2001, Aspreva is a Victoria-based global company focused on identifying, developing and, upon regulatory approval, commercializing new indications for approved drugs and late stage drug candidates for patients living with less common diseases. Aspreva has rapidly developed into Vancouver Island’s top technology company. With 65 Victoria-based employees, Aspreva is listed on both the NASDAQ National Market and the Toronto Stock Exchange and was the largest biotech Initial Public Offering in Canadian history.

“"VITP is the hub of Vancouver Island's growing technology community." said Richard M. Glickman, Chairman and CEO of Aspreva.” We're pleased to be part of the vision and culture at VITP that's helping to initiate global recognition of BC's technology sector."

“This is exciting news – both for Aspreva and for the tech park,” says Dale Gann, VITP Vice President. “We’re exceedingly proud that VITP-based companies like Aspreva are becoming global success stories – and we’re delighted that we’re able to play a role in the impressive development of the local, national, and international technology industries.”

About Vancouver Island Technology Park
The Vancouver Island Technology Park (VITP), an initiative of the University of Victoria was established to provide a facility to accelerate technology transfer from research laboratories to the marketplace. VITP is located in the growing high-tech sector of Victoria, British Columbia, and is easily accessible from Vancouver, Seattle and Portland.

A LEED Gold facility (Leadership in Energy and Environmental Design), VITP is a high-tech focal point creating synergy through: University of Victoria’s IDC – a tech-transfer office; VIATeC – supporting high-tech business development; and a Business Centre allowing the high-tech community to meet and network together. VITP’s park-like setting and fitness studio enhance the creative and productive work environment.

This ultra-modern research and technology centre spans a beautiful 35 acres. Tenants represent tech clusters in fuel cell, new media, wireless, life science/biotech, ocean technology and ICT. VITP’s success is reflected in its 97 percent occupancy rate. In order to accommodate the need to house
growing and existing high-tech companies, VITP has embarked on a master planning exercise. VITP seeks to expand by an additional 235,000 square feet, allowing new and existing businesses the room to grow and flourish.

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Media Contact:
Dale Gann, Vice President
Vancouver Island Technology Park
250.483.3217 or