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Photocure ASA

Earnings Release Jun 13, 2022

3714_rns_2022-06-13_f2f34e6d-8116-480a-849b-11f3dda3cd56.html

Earnings Release

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Positive Data from the Danish National Patient Registry presented at the 2022 Nordic Urologisk Forening (NUF) Congress in Helsinki

Positive Data from the Danish National Patient Registry presented at the 2022 Nordic Urologisk Forening (NUF) Congress in Helsinki

Lower rates of bladder cancer recurrence and progression demonstrated in clinics

with a high level of blue light cystoscopy (BLC[®]) use in primary patients

Photocure sponsor of the Residents Day during the NUF congress

Press Release - Oslo, Norway, June 13, 2022: Photocure ASA (OSE: PHO) announces

that positive data from a Danish population registry study featuring nearly

10,000 bladder cancer patients was presented at the Nordisk Urologisk Forening

(NUF) congress in Helsinki, Finland last week. NUF was being held June 8-11,

2022 as an in-person event for the first time since 2019. Photocure's presence

at and commitment to NUF was reinforced by sponsoring the Residents Day event

for this year's congress. Nordic Residents in Urology is a NUF group, which aims

to increase collaboration and networking between young urologists in the Nordic

countries in order to improve overall education and research opportunities.

Nordisk Urologisk Forening is an association of the national urological

societies in Denmark, Norway, Sweden, Finland and Iceland, supporting close

cooperation of Nordic urologists in various fields of education, science and

clinical work. The NUF meeting is bi-annual, bringing together Nordic

urologists, nurses and healthcare industry to meet and share best practice.

Photocure, The Bladder Cancer Company, was present in Helsinki during the whole

event.

In the scientific program on Bladder Cancer topics, BLC was prominently featured

again this year: a Danish population study assessing recurrence and progression

impact of BLC using national registries in Denmark was presented at NUF.

The study abstract entitled "Use of photodynamic diagnosis (PDD) at primary

TURB*: Potential influence on recurrence and progression rates in NMIBC in a

registry-based study using a country cohort" shows beneficial impact on

recurrence and progression in patients treated at clinics who have a higher

level of use of BLC in primary patients. The results are based on data from

nearly 10,000 patients identified through the Danish National Patient Registry,

corresponding to all newly diagnosed NMIBC patients in Denmark in the period

2011-2017.

Linea Blichert-Refsgaard (MD, PhD student) presented this study live on June 9

and in a poster, concluding that "Common use of PDD in the primary TURB at

department level seems to be associated with lower 5-year recurrence and

progression risks".

Jørgen Bjerggaard Jensen (MD, DMSc, Professor, Consultant in Urology, Chairman

of the Danish Bladder Cancer Group and the Nordic Urothelial Cancer Research

Group, Department of Urology Aarhus University Hospital put the importance of

these study results into perspective, stating: "These real world data results

show the true potential of adding better visual diagnostic methods in endoscopy

compared to the old standard with conventional white light".

The abstract is available here: http://www.nuf2021.fi/abstracts/ and will be

published in "Scandinavian Journal of Urology" after the congress.

* TURB / TURBT: Transurethral resection of bladder tumor

** 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.

About Bladder Cancer

Bladder cancer ranks as the 8[th] most common cancer worldwide - the 5[th] 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, and New Zealand. 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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