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Photocure ASA

Regulatory Filings May 7, 2024

3714_rns_2024-05-07_86879279-03ae-49c6-aae2-33563b85ee2e.html

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Bladder Cancer: Long-Term Benefits of Blue Light Cystoscopy and Enhanced Detection with HD Technology Unveiled at AUA 2024

Bladder Cancer: Long-Term Benefits of Blue Light Cystoscopy and Enhanced Detection with HD Technology Unveiled at AUA 2024

Press Release - Oslo, Norway, May 7, 2024: Photocure ASA (OSE: PHO), the Bladder

Cancer Company, announces its participation in the congress, and two abstract

presentations at the AUA 2024: the American Urological Association Annual

Congress 2024 was held May 3-6, 2024, in San Antonio, TX, USA. The results of

the BRAVO study performed within the VA healthcare system showed significant

decreases in the risk of recurrence and progression, as well as the potential

for improved overall survival in patients who received a blue light cystoscopy

(BLC[®]) compared to patients whose cystoscopy was only performed under white

light. Another comparison of BLC with Hexvix[®]/Cysview[®] and white light

cystoscopy (WLC), for the detection of bladder cancer using modern HD 4K

equipment, was presented in an abstract from the multicenter phase III study of

Hexvix in China, including new real world evidence data.

On Sunday, May 5[th], Dr. Sanjay Das presented the study, "Use of Blue Light

Cystoscopy Among Non-Muscle Invasive Bladder Cancer Patients and Outcomes in an

Equal Access setting: A Propensity Scored Matched Analysis."

The study, known as BRAVO (Bladder Cancer Recurrence Analysis in Veterans and

Outcomes), is a retrospective, propensity score matched analysis that evaluated

oncologic outcomes following BLC compared to WLC alone in patients from the

Veterans Affairs Healthcare System. The study addresses a lack of practical real

-world data comparing the impact of BLC versus WLC, specifically for recurrence,

progression, and survival. The results of this study confirm that BLC use is

associated with positive and statistically significant impacts on these

outcomes. The Veterans' Affairs (VA) Healthcare system accepts all U.S.

Veterans, regardless of financial background, and retains its patients, allowing

for high-quality data capture over a long-term follow-up period, therefore

serving as a robust real-world model for equal access.

626 patients were included in this study, 313 in each study arm (WLC versus

BLC). Recurrence and progression data for BRAVO was measured at a 3-year time

point. Overall survival follow-up was for 10 years.

Study results include:

· Risk of recurrence was significantly lower following BLC (HR 0.60, 95% CI

0.29-0.61) - 40% reduction in risk of recurrence. This confirms data from

multiple RCT studies.

· Patients who underwent BLC had significantly reduced risk of progression (HR

0.51, 95% CI 0.36-0.99) compared to patients who underwent WLC.

· There was improved overall survival among BLC vs. WLC (HR 0.41, 95% CI 0.30

-0.72)

· Additionally, in the equal-access setting of the VA Healthcare System,

benefits of BLC were equitably shared between race/gender.

The Principal Investigator of the BRAVO Study, Dr. Steven Williams, commented:

"The results of the BRAVO study performed within the VA healthcare system showed

significant decreases in the risk of recurrence and progression, as well as the

potential for improved overall survival in patients who received a BLC compared

to patients who received WLC only. These findings demonstrate the benefit of BL

-enhanced cystoscopy as part of comprehensive care for NMIBC* patients,

especially as improved tumor visualization helps to appropriately make

determination of intravesical therapy use, such as BCG. The results are

encouraging and consistent with prior clinical trial long-term oncological

outcomes. It supports the generalizability of prior clinical trial results in

the real-world clinical practice setting. The demonstrated impact on overall

survival warrants future studies to better understand the oncologic benefit of

BLC in NMIBC"

Read the abstract:

https://www.auajournals.org/doi/10.1097/01.JU.0001008712.53259.7d.05

On Monday, May 6th, a Poster presentation by Dr. Hailong Hu: Blue Light

Cystoscopy versus White Light Cystoscopy for the Detection of Bladder Cancer

using modern HD 4K equipment: An Analysis of Pivotal Trial and Real-World Data

This pooled meta-analysis presented data from a randomized clinical trial and a

supporting real-world evidence study conducted in China. Both studies enrolled

patients with known or suspected bladder cancer. A total of 177 patients were

enrolled, 128 patients underwent blue light cystoscopy (BLC) with Cysview (HAL)

and were included in the full analysis set. Among patients diagnosed with Ta,

T1, or CIS, 46 out of 109 patients (42.2%) had at least one lesion detected by

BLC but not by white light cystoscopy (WLC) (p<0.0001). Fifteen patients had CIS

of which 12 (80%) showed at least one additional CIS lesions found by BLC but

not by WLC. The BLC detection rates for CIS, Ta, T1, and T2-T4 tumors were

95.2%, 100%, 98.3%, and 100%, respectively, while the WLC detection rates were

42.9%, 76.5%, 91.7%, and 100%, respectively.

This study confirms the superiority of HAL BLC over WLC in the detection of

bladder cancer even if improved WLC using HD 4K equipment is utilized. In

particular, additional high-risk difficult to see CIS lesions have been

identified in 80% of CIS patients only by HAL BLC. The quality of resection is

still a key cornerstone in the treatment of NMIBC of which BLC remains a crucial

part despite the further development of WLC imaging.

Read the abstract:

https://www.auajournals.org/doi/10.1097/01.JU.0001009548.76580.ba.18

Beyond this groundbreaking data on BLC/WLC comparison, Photocure provided

attendees with hands-on experience in the blue light cystoscopy with Cysview

procedure on its congress booth, that featured a Saphira HD equipment tower.

*NMIBC: Non muscle-invasive bladder cancer

Note to editors:

All trademarks mentioned in this release are protected by law and are registered

trademarks of Photocure ASA.

This press release may contain product details and information which are not

valid, or a product is not accessible, in your country. Please be aware that

Photocure does not take any responsibility for accessing such information which

may not comply with any legal process, regulation, registration or usage in the

country of your origin.

About Bladder Cancer

Bladder cancer ranks as the 8[th] most common cancer worldwide - the 5[th] most

common in men - with 1 949 000 prevalent cases (5-year prevalence rate)[1a],

614 000 new cases and more than 220 000 deaths in 2022.[1b]

Approx. 75% of all bladder cancer cases occur in men.[1] It has a high

recurrence rate with up to 61% in year one and up to 78% over five years.[2]

Bladder cancer has the highest lifetime treatment costs per patient of all

cancers.[3]

Bladder cancer is a costly, potentially progressive disease for which patients

have to undergo multiple cystoscopies due to the high risk of recurrence. There

is an urgent need to improve both the diagnosis and the management of bladder

cancer for the benefit of patients and healthcare systems alike.

Bladder cancer is classified into two types, non-muscle invasive bladder cancer

(NMIBC) and muscle-invasive bladder cancer (MIBC), depending on the depth of

invasion in the bladder wall. NMIBC remains in the inner layer of cells lining

the bladder. These cancers are the most common (75%) of all BC cases and include

the subtypes Ta, carcinoma in situ (CIS) and T1 lesions. In MIBC the cancer has

grown into deeper layers of the bladder wall. These cancers, including subtypes

T2, T3 and T4, are more likely to spread and are harder to treat.[4]

[1 ]Globocan. a) 5-year prevalence / b) incidence/mortality by population.

Available at: https://gco.iarc.fr/today, accessed [February 2024].

[2 ]Babjuk M, et al. Eur Urol. 2019; 76(5): 639-657

[3 ]Sievert KD et al. World J Urol 2009;27:295-300

[4 ]Bladder Cancer. American Cancer Society.

https://www.cancer.org/cancer/bladder-cancer.html

About Hexvix[®]/Cysview[®] (hexaminolevulinate HCl)

Hexvix/Cysview is a drug that preferentially accumulates in cancer cells in the

bladder, making them glow bright pink during Blue Light Cystoscopy (BLC[®]). BLC

with Hexvix/Cysview, compared to standard white light cystoscopy alone, improves

the detection of tumors and leads to more complete resection, fewer residual

tumors, and better management decisions.

Cysview is the tradename in the U.S. and Canada, Hexvix is the tradename in all

other markets. Photocure is commercializing Cysview/Hexvix directly in the U.S.

and Europe and has strategic partnerships for the commercialization of

Hexvix/Cysview in China, Chile, Australia, New Zealand and Israel. Please refer

to https://photocure.com/partners/our-partners for further information on our

commercial partners.

About Photocure ASA

Photocure: The Bladder Cancer Company delivers transformative solutions to

improve the lives of bladder cancer patients. Our unique technology, making

cancer cells glow bright pink, has led to better health outcomes for patients

worldwide. Photocure is headquartered in Oslo, Norway and listed on the Oslo

Stock Exchange (OSE: PHO). For more information, please visit us at

www.photocure.com, www.hexvix.com, www.cysview.com

For further information, please contact:

Dan Schneider

President and CEO

Photocure ASA

Email: [email protected]

Erik Dahl

CFO

Photocure ASA

Tel: +4745055000

Email: [email protected]

David Moskowitz

Vice President, Investor Relations

Photocure ASA

Tel: +1 202 280 0888

Email: [email protected]

Media and IR enquiries:

Geir Bjørlo

Corporate Communications (Norway)

Tel: +47 91540000

Email: [email protected]

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