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BerGenBio

Earnings Release Jan 13, 2021

3555_rns_2021-01-13_555876f2-8cf1-42a7-ae90-3f865c672834.html

Earnings Release

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BERGENBIO TO PRESENT UPDATES FROM ONGOING PHASE II BEMCENTINIB COMBINATION STUDY IN REFRACTORY NSCLC AT WCLC 2020

BERGENBIO TO PRESENT UPDATES FROM ONGOING PHASE II BEMCENTINIB COMBINATION STUDY IN REFRACTORY NSCLC AT WCLC 2020

· Bemcentinib in combination with pembrolizumab was well-tolerated and showed

promising clinical activity in refractory lung cancer

· Updated interim data will be presented on second line patients following CPI

monotherapy

Bergen, Norway, 13[th] January 2021 - BerGenBio ASA (OSE:BGBIO), a clinical

-stage biopharmaceutical company developing novel, selective AXL kinase

inhibitors for severe unmet medical need, will present an update from its Phase

II study of bemcentinib in combination with anti-PD-1 therapy pembrolizumab

(BGBC008) in refractory non-small cell lung cancer (NSCLC) patients at an oral

presentation at the 2020 World Conference on Lung Cancer Singapore (WCLC).

BGBC008 is a Phase II single-arm, two stage study with bemcentinib and

pembrolizumab for previously treated Stage IV NSCLC patients, comprising three

cohorts; chemotherapy failed patients not treated with immunotherapies (post

-chemo), patients progressing on prior checkpoint inhibitor therapy (post-CPI

monotherapy) and platinum-doublet chemotherapy in combination with immunotherapy

(post-chemo-CPI).

The primary endpoint of the study was Overall Response Rate with pre-defined

criteria to proceed from the first to second stage in each cohort. Secondary

endpoints included Disease Control Rate, Progression Free Survival, Overall

Survival and safety.

The interim data shows that bemcentinib in combination with pembrolizumab was

well-tolerated and shows promising clinical activity in refractory lung cancer.

The presentation will provide updated data from Cohort B of the study, assessing

the safety and efficacy of bemcentinib in combination with anti-PD-1

therapy pembrolizumab, in refractory NSCLC patients previously treated with a PD

-L1 or PD-1 checkpoint inhibitor (CPI) as a monotherapy.

The full abstract can be found on the WCLC

website (https://library.iaslc.org/conference

-program?product_id=20&author=&category=&date=&session_type=&session=&presentatio

n=&keyword=bemcentinib&cme=undefined&), and details of the presentation are

below.

Title: A phase II study of the oral selective AXL inhibitor bemcentinib with

pembrolizumab in refractory patients with advanced NSCLC

Presenting Author: Dr. Matthew G. Krebs PhD.

Session/Abstract ID: Immunotherapy (Phase II/III Trials) / # 3647

Date/Time: Friday 29[th] January 2021 at 09.50 Singapore Time / 02.50 CET

The presentation will be available on BerGenBio's website from 29[th] January

- END -

About AXL

AXL kinase is a cell membrane receptor and an essential mediator of the

biological mechanisms underlying life-threatening diseases. In cancer, AXL

suppresses the body's immune response to tumours and drives cancer treatment

failure across many indications. AXL expression defines a very poor prognosis

subgroup in most cancers. AXL inhibitors, therefore, have potential high value

at the centre of cancer combination therapy, addressing significant unmet

medical needs and multiple high-value market opportunities. Research has also

shown that AXL mediates other aggressive diseases.

About Bemcentinib

Bemcentinib (formerly known as BGB324), is a potentially first-in-class

selective AXL inhibitor in a broad phase II clinical development programme.

Ongoing clinical trials are investigating bemcentinib in multiple solid and

haematological tumours, in combination with current and emerging therapies

(including immunotherapies, targeted therapies and chemotherapy), and as a

single agent. Bemcentinib targets and binds to the intracellular catalytic

kinase domain of AXL receptor tyrosine kinase and inhibits its activity.

Increase in AXL function has been linked to key mechanisms of drug resistance

and immune escape by tumour cells, leading to aggressive metastatic cancers.

About BerGenBio ASA

BerGenBio is a clinical-stage biopharmaceutical company focused on developing

transformative drugs targeting AXL as a potential cornerstone of therapy for

aggressive diseases, including immune-evasive, therapy resistant cancers. The

company's proprietary lead candidate, bemcentinib, is a potentially first-in

-class selective AXL inhibitor in a broad phase II oncology clinical development

programme focused on combination and single agent therapy in lung cancer,

leukaemia and COVID-19. A first-in-class functional blocking anti-AXL antibody,

tilvestamab, is undergoing phase I clinical testing. In parallel, BerGenBio is

developing companion diagnostic tests to identify patient populations most

likely to benefit from bemcentinib: this is expected to facilitate more

efficient registration trials supporting a precision medicine-based

commercialisation strategy.

BerGenBio is based in Bergen, Norway with a subsidiary in Oxford, UK. The

company is listed on the Oslo Stock Exchange (ticker: BGBIO). For more

information, visit www.bergenbio.com

Contacts

Richard Godfrey CEO, BerGenBio ASA

+47 917 86 304

Rune Skeie, CFO, BerGenBio ASA

[email protected]

+47 917 86 513

International Media Relations

Mary-Jane Elliott, Chris Welsh, Lucy Featherstone, Carina Jurs

Consilium Strategic Communications

[email protected]

+44 20 3709 5700

Media Relations in Norway

Jan Petter Stiff, Crux Advisers

[email protected]

+47 995 13 891

Forward looking statements

This announcement may contain forward-looking statements, which as such are not

historical facts, but are based upon various assumptions, many of which are

based, in turn, upon further assumptions. These assumptions are inherently

subject to significant known and unknown risks, uncertainties and other

important factors. Such risks, uncertainties, contingencies and other important

factors could cause actual events to differ materially from the expectations

expressed or implied in this announcement by such forward-looking statements.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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