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Photocure ASA

Regulatory Filings Dec 1, 2023

3714_rns_2023-12-01_a13592e0-d04a-4392-8904-c3aec909a02c.html

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SUO 2023 Meeting: New Real World Evidence shows Significant Decrease in Risk of Bladder Cancer Recurrence with Blue Light Cystoscopy

SUO 2023 Meeting: New Real World Evidence shows Significant Decrease in Risk of Bladder Cancer Recurrence with Blue Light Cystoscopy

Press release - Oslo, Norway, December 1, 2023: Photocure ASA (OSE: PHO), The

Bladder Cancer Company, announces that new evidence from routine clinical

practice in the Veterans Affairs (VA) healthcare system was presented at the

24[th] Annual Society of Urologic Oncology (SUO) meeting demonstrating a

significantly reduced risk of tumor recurrence (33%) in non-muscle invasive

bladder cancer (NMIBC) patients who received Blue Light Cystoscopy (BLC[®])

compared to patients who only underwent standard White Light Cystoscopy (WLC).

The abstract and Poster entitled "Comparing white light versus blue light

cystoscopy recurrence outcomes among non-muscle invasive bladder cancer patients

in an equal access setting: a propensity scored matched analysis" was presented

on Thursday, November 30, by Sanjay Das, MD. The data presented stemmed from

data in patients treated within the Veteran Affairs Healthcare System (VA HCS)

that underwent BLC or WLC for NMIBC.*

Methodology: a total of 337 BLC recipients were first identified and compared to

337 WLC recipients using 1:1 propensity score matching. The cohorts

predominantly were high-grade patients (64%) treated with the current standard

of care, including adequate BCG treatment when appropriate. The study used the

Kaplan-Meier method to estimate event-free survival and Cox regression to

determine the association between the type of cystoscopy (BLC vs. WLC) and

recurrence.

The authors concluded that overall, the risk of recurrence was significantly

lower following use of BLC (Hazard Ratio 0.67; p-value: 0.006) compared to WLC

alone. Furthermore, there were no statistically significant changes in

recurrence based on racial stratification, suggesting that the equal access

nature of the VA provides best standard of care.

"This multi-phased study shows Photocure's commitment to support the evaluation

of long-term clinical utility, cost effectiveness of BLC technology, and

addressing disparities in the care of NMIBC using real world evidence (RWE).

Going forward we expect further valuable insights through RWE analyses in

collaboration with the Veterans Affairs Healthcare System", said Anders Neijber,

Photocure's Chief Medical Officer.

The data were presented at the Annual Meeting of the Society of Urologic

Oncology (SUO) meeting held November 30 - December 2, 2023, in Washington DC,

USA.

Read the abstract here:

https://suo-abstracts.secure-platform.com/a/gallery/rounds/18/details/2898

*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 8th most common cancer worldwide - the 5th most

common in men - with 1 720 000 prevalent cases (5-year prevalence rate)1a, 573

000 new cases and more than 200 000 deaths in 2020.1b

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 [January 2022].

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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