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<SEC-DOCUMENT>0001144204-06-022853.txt : 20060530
<SEC-HEADER>0001144204-06-022853.hdr.sgml : 20060529
<ACCEPTANCE-DATETIME>20060530100801
ACCESSION NUMBER:		0001144204-06-022853
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060530
FILED AS OF DATE:		20060530
DATE AS OF CHANGE:		20060530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			XTL BIOPHARMACEUTICALS LTD
		CENTRAL INDEX KEY:			0001023549
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51310
		FILM NUMBER:		06872220

	BUSINESS ADDRESS:	
		STREET 1:		KIRYAT WEIZMANN BUILDING 3
		CITY:			REHOVOT76100 ISRAEL
		STATE:			L3

	MAIL ADDRESS:	
		STREET 1:		KIRYAT WEIZMANN BUILDING 3
		CITY:			REHOVOT76100 ISRAEL
		STATE:			L3
		ZIP:			00000
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        Lexington Avenue, 20th Floor</strong></font></div>
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        by check mark whether the registrant files or will file annual reports under
        cover Form 20-F or Form 40-F.</font></div>
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        by check mark whether by furnishing the information contained in this Form,
        the
        registrant is also thereby furnishing the information to the Commission pursuant
        to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></div>
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&#8220;Yes&#8221;
        is marked, indicate below the file number assigned to the registrant in
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        N/A
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      <div>
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        <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
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        </div>
        <div id="HDR">
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      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div>
          <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
          <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>XTL
            Biopharmaceuticals Ltd. initiates patient dosing in </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Phase
            1 clinical trial of XTL-2125, an oral, non-nucleoside </strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>polymerase
            inhibitor for the treatment of hepatitis C</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Study
            will assess safety and anti-viral activity of XTL-2125 in chronic
</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>hepatitis
            C patients</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>New
            York, NY,&#160;May 4, 2006</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;-&#160;XTL
            Biopharmaceuticals Ltd. (&#8220;XTLbio&#8221;) (NASDAQ: XTLB; LSE: XTL; TASE: XTL) today
            announced the initiation of patient dosing in a Phase 1 clinical trial
            of
            XTL-2125 for the treatment of chronic hepatitis C. The Phase 1 trial
            is a
            placebo controlled, randomized, dose escalating study, which will evaluate
            the
            safety, tolerability and antiviral activity of single and multiple doses
            of
            XTL-2125. The study will enroll 48 patients into 6 cohorts comprised
            of 8
            patients each (of which 2 are placebo patients). Each patient will receive
            a
            single dose, followed by a 14-day multi-dosing regimen commencing one
            week after
            the single dose administration.</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">XTL-2125
            is an oral non-nucleoside hepatitis C virus polymerase inhibitor. In
            pre-clinical studies, XTL-2125 has demonstrated robust activity against
            the
            hepatitis C virus in both cell-based and in-vivo systems. In addition,
            XTL-2125
            has demonstrated a good safety profile in multiple animal species. </font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ron
            Bentsur, XTLbio&#8217;s Chief Executive Officer, commented: &#8220;With the commencement of
            dosing in the XTL-2125 Phase 1 trial, XTLbio is in the unique position
            of having
            2 novel compounds - XTL-2125 and XTL-6865 - in clinical trials in patients
            with
            chronic hepatitis C. We look forward to generating antiviral activity
            data from
            both studies over the next 12 months.&#8221; Mr. Bentsur added, &#8220;The initiation of
            patient dosing in the XTL-2125 study on schedule demonstrates our strong
            commitment to meeting the timelines that we have set out for our
            programs.&#8221;</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Investor
            Relations Contact:</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Ron
            Bentsur</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel:
            +1-212-531-5971</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">rbentsur@xtlbio.com</font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ABOUT
            XTL BIOPHARMACEUTICALS, LTD.</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">XTL
            Biopharmaceuticals Ltd. (&#8220;XTLbio&#8221;) is engaged in the acquisition, development
            and commercialization of therapeutics for the treatment of infectious
            diseases,
            with a focus on hepatitis C. XTLbio is developing XTL-2125 - a small
            molecule,
            non-nucleoside inhibitor of the hepatitis C virus polymerase. XTL-2125
            is
            currently in a Phase 1 clinical trial in chronic hepatitis C patients.
            XTLbio is
            also developing XTL-6865 - a combination of two monoclonal antibodies
            against
            the hepatitis C virus - presently in Phase 1 clinical trials in patients
            with
            chronic hepatitis C. XTLbio&#8217;s hepatitis C pipeline also includes several
            families of pre-clinical hepatitis C small molecule inhibitors. &#160;In
            addition, XTLbio has out-licensed to Cubist Pharmaceuticals an antibody
            therapeutic against hepatitis B, HepeX-B, which has recently completed
            a Phase
            2b clinical study in hepatitis B liver transplant patients. XTLbio is
            publicly
            traded on the NASDAQ, London, and Tel-Aviv Stock Exchanges (NASDAQ: XTLB;
            LSE:
            XTL; TASE: XTL).</font></div><br>
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          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Cautionary
            Statement</strong></font></div>
          <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>Some
            of the statements included in this press release, particularly those
            anticipating future financial performance, clinical and business prospects
            for
            our clinical compounds for hepatitis C, XTL-2125 and XTL-6865, growth
            and
            operating strategies and similar matters, may be forward-looking statements
            that
            involve a number of risks and uncertainties. For those statements, we
            claim the
            protection of the safe harbor for forward-looking statements contained
            in the
            Private Securities Litigation Reform Act of 1995. Among the factors that
            could
            cause our actual results to differ materially are the following: our
            ability to
            successfully complete cost-effective clinical trials for the drug candidates
            in
            our pipeline which would affect our ability to continue to fund our operations
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            factors identified from time to time in our reports filed with the Securities
            and Exchange Commission and the London Stock Exchange. Any forward-looking
            statements set forth in this press release speak only as of the date
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            press release. We do not intend to update any of these forward-looking
            statements to reflect events or circumstances that occur after the date
            hereof.
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            The information in our website is not incorporated by reference into
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            release and is included as an inactive textual reference
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            thereunto
            duly authorized.</font></div>
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                      BIOPHARMACEUTICALS LTD.</strong></font></div>
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                  <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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                  <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date:&#160;May
                    30,
                    2006</font></td>
                  <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
                  <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Jonathan
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