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Photocure ASA

Regulatory Filings Feb 11, 2022

3714_rns_2022-02-11_fcbccd15-fd3f-4a2d-8b28-8507939167d2.html

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Photocure Partner Asieris announces Approval to conduct a Phase III Clinical Trial for Hexvix in China

Photocure Partner Asieris announces Approval to conduct a Phase III Clinical Trial for Hexvix in China

Oslo, Norway, February 11, 2022: Photocure ASA (PHO: OSE), The Bladder Cancer

Company, announces that its partner Asieris Pharmaceuticals (SSE: 688176) has

obtained the Phase III clinical trial application (CTA) approval from the

National Medical Products Administration (NMPA) of China for Hexvix[®].

The study is a prospective, multicenter bridging trial aimed to investigate the

additional detection rate and safety of Hexvix[®] and blue light cystoscopy

(BLC[®]) versus white light cystoscopy in Chinese patients with non-muscle

invasive bladder cancer (NMIBC, tumor types CIS, Ta, T1). The study will be led

by Peking Union Medical College Hospital, Chinese Academy of Medical Sciences.

Professor Li Hanzhong, head of the Department of Surgery, Peking Union Medical

College Hospital, will serve as the Principal Investigator to lead a team of top

experts in the field of bladder cancer in China to carry out this study.

According to Frost & Sullivan, the number of new bladder cancer cases in China

reached 86,000 in 2020, and is expected to rise to 101,000 in 2025, with a

compound annual growth rate of 3.4% during the period. The total number of

patients with bladder cancer in China was estimated to be higher than 600,000 in

2020. The use of BLC with Hexvix for the management of NMIBC is included in the

global expert consensus guidelines.

In January 2021, Asieris Pharmaceuticals entered into a license agreement with

Photocure, obtaining exclusive rights to register and commercialize Hexvix in

mainland China and Taiwan. In December 2021, Hexvix was put into pilot use in

the Boao Lecheng International Medical Tourism Pilot Zone in Hainan Province:

the first patient in China received blue light cystoscopy with Hexvix at Hainan

General Hospital (https://photocure.com/news/photocure-partner-announces-first

-patient-procedure-with-hexvix-in-china-under-special-access-program-4149992).

"We are very glad that the phase ? trial of Hexvix has been approved by the

NMPA" said Dr. Yong Xue, Chief Medical Officer of Asieris. "We will accelerate

the clinical trial process so that doctors and patients in China will have

access to this breakthrough technology as early as possible."

"This clinical registration trial is a critical step toward giving bladder

cancer patients access to Hexvix in China. Hexvix is a diagnostic agent that has

been proven to improve the detection, and completeness of resection of tumors,

and can be an important solution in the management of disease", said Anders

Neijber, Vice President Global Medical Affairs and Clinical Development at

Photocure.

Read Asieris' full media release here: https://asieris.com/asieris-announced

-hexvix-a-drug-for-diagnosis-of-bladder-cancer%ef%bf%bc-has-obtained-the-ind

-approval-from-the-nmpa-for-phase-%e2%85%b2-clinical-trial/

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 seventh most common cancer worldwide with 1 720 000

prevalent cases (5-year prevalence rate)[1a], 573 000 new cases and more than

200 000 deaths annually in 2020.[1b]

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

recurrence rate with an average of 61% in year one and 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[ ]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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