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Photocure ASA

Earnings Release Sep 20, 2023

3714_rns_2023-09-20_ee7be102-9c29-49f9-b00b-5f98897f1376.html

Earnings Release

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Photocure Partner Asieris announces that the First Non-Vaccine Investigational Product for Cervical HSIL has Achieved Its Primary Endpoint

Photocure Partner Asieris announces that the First Non-Vaccine Investigational Product for Cervical HSIL has Achieved Its Primary Endpoint

Press Release - Oslo, Norway, September 20, 2023: Photocure ASA (OSE: PHO), the

Bladder Cancer Company, announces that its partner Asieris Pharmaceuticals (SSE:

688176) has communicated today that the multinational Cevira[®] Phase III

clinical trial has been completed and successfully met its primary endpoint.

Cevira (APL-1702) is a photodynamic drug-device combination product in

development for the non-surgical treatment of high-grade squamous

intraepithelial lesions (HSIL), licensed to Asieris by Photocure.

The results of the study will be submitted to the Chinese National Medical

Products Administration (NMPA) as part of a new drug application (NDA) in the

coming months.

This study is a prospective, randomized, double-blind, placebo-controlled

international multicenter Phase III clinical trial designed to evaluate the

efficacy and safety of APL-1702 for the treatment of cervical HSIL. It is led by

Academy Member Dr. Jinghe Lang from Peking Union Medical College Hospital,

Chinese Academy of Medical Sciences, and has enrolled 402 participants. The

trial met its primary endpoint, together with a robust safety profile.

Comprehensive data from this study will be presented at forthcoming academic

conferences and published in scientific journals.

Dr. Linda Wu, Chief Development Officer of Asieris Pharmaceuticals, said "This

milestone marks a significant leap forward in the management of HSIL, with the

potential to transform care in this domain. Moreover, tackling precancerous

cervical conditions is pivotal for early prevention of cervical cancer and is an

integral part of the three-tier cancer prevention system. Asieris

Pharmaceuticals is committed to playing an active role in advancing China's

Action Plan to Eliminate Cervical Cancer (2023-2030) and contributing to Healthy

China 2030, aligning our efforts with the WHO's global strategy to accelerate

the elimination of cervical cancer."

"It is exciting to see that the Phase III clinical trial for Cevira has met its

primary endpoint. There are many patients globally who can benefit from a non

-surgical approach to treating high-grade squamous intraepithelial lesions

(HSIL). Given the high unmet need and the importance of novel therapies to

improve HSIL clinical outcomes, Photocure will continue to support Asieris, as

our partner advances to the next stages of product development and regulatory

approval," said Anders Neijber, Photocure's Chief Medical Officer.

According to the Global Cancer Statistics 2020, there were 604,127 new cases of

cervical cancer in women, with 341,831 deaths worldwide, ranking it as the

fourth most prevalent malignancy among females.[1] In China, cervical cancer

ranks as the second most common malignancy among women.

The primary cause of cervical cancer is persistent HPV infection, leading to

precancerous cervical lesions. Alarmingly, approximately 20 percent of

individuals with HSIL may progress to invasive cervical cancer within a span of

10 years.[2 ]According to Frost & Sullivan, the number of HSIL patients is

projected to reach 16.6 million globally and 2.2 million in China by 2030.

Read Asieris' full media release here: https://asieris.com/the-first-non-vaccine

-investigational-product-for-cervical-hsil-has-achieved-its-primary-endpoint/

[1] Sung H, Ferlay J, Siegel RL, Laversanne M, Soerjomataram I, Jemal A, et al.

Global cancer statistics 2020: GLOBOCAN estimates of incidence and mortality

worldwide for 36 cancers in 185 countries. CA Cancer J Clin. 2021;71(3):209-49.

[2] Expert Committee of Colposcopy and Cervical Pathology Branch (CSCCP) of

Chinese Eugenics Association. Expert consensus on cervical cancer screening and

abnormal management in China (II). Chinese Journal of Obstetrics and Gynecology,

2017, 18(3):286-288. (in Chinese)

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 Cevira[®]

Cevira[®] (APL-1702) is a photodynamic drug-device combination product in

development. Based on the principles of photodynamic therapy, the Cevira product

aims to use a photosensitizer in combination with light activation to produce a

therapeutic effect as a non-surgical treatment of high-grade squamous

intraepithelial lesions (HSIL), including all human papilloma virus (HPV) sub

-types.

Photocure developed Cevira through Phase I and Phase II trials, and the global

rights for development and commercialization were out-licensed to Asieris

Meditech Co., Ltd in 2019. In November 2020 Asieris initiated the phase III

clinical trial for APL-1702 (Cevira), Clinical trial number:

NCT04484415 (https://classic.clinicaltrials.gov/ct2/show/NCT04484415).

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

About Asieris

Asieris Pharmaceuticals(688176.SH), founded in March 2010, is a global biopharma

company specializing in discovering, developing and commercializing innovative

drugs for the treatment of genitourinary tumors and other related diseases.

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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