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BerGenBio

Regulatory Filings Sep 28, 2020

3555_rns_2020-09-28_0f202bb2-78eb-4e4f-a428-bac383cb0fa4.html

Regulatory Filings

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ACCORD CLINICAL STUDY ASSESSING BEMCENTINIB IN COVID-19 PATIENTS TO RECOMMENCE IN UK

ACCORD CLINICAL STUDY ASSESSING BEMCENTINIB IN COVID-19 PATIENTS TO RECOMMENCE IN UK

Bergen, Norway, 28 September 2020 - BerGenBio ASA (OSE:BGBIO), a clinical-stage

biopharmaceutical company developing novel, selective AXL kinase inhibitors for

unmet medical need, notes that following a rise in the number of COVID-19 cases

in the UK, UK Research and Innovation (UKRI) has decided to reinstate funding

for the COVID-19 ACCORD clinical study in which BerGenBio's bemcentinib is the

lead drug candidate to be tested.

The University Hospital Southampton NHS Trust remains the study sponsor, however

the trial will be managed by the Medicines Evaluation Unit at Manchester

University. Three drug candidates will be evaluated in the trial, it is

anticipated that up to 25 UK sites in the ACCORD study will recruit patients

into the trial and that patient recruitment will recommence within weeks.

The ACCORD study is a multicentre, seamless, Phase II adaptive randomisation

platform trial to assess the efficacy and safety of multiple candidate agents,

the first of which is bemcentinib, for the treatment of COVID-19 in hospitalised

UK NHS patients. Funding for the study was suspended by UKRI in July due to the

falling number of hospitalised COVID-19 patients across UK trial sites.

BerGenBio will make a modest financial contribution to the cost for the study

and provide bemcentinib drug material. 60 hospitalised COVID-19 patients will

receive bemcentinib and 60 patients in a control group will receive standard of

care treatment. The trial protocol will permit enrolled patients with COVID-19,

who meet the inclusion criteria for the study, to potentially receive

bemcentinib plus one or both of the two recently recommended treatments for

COVID-19: dexamethasone and remdesivir.

Data will be open source and freely available to enable global knowledge sharing

and collaboration. Data previously gathered before the cessation of the trial in

July will be included in the analysis.

BerGenBio has also received full regulatory and ethics clearance for its company

sponsored Phase II trial (BGBC020) to assess the efficacy and safety of

bemcentinib for the treatment of COVID-19 in hospitalised patients in South

Africa and dosing is due to commence imminently. The Company is also in late

stage set-up phase to expand the study to include additional hospital sites in

India and expects to be in a position to update the market in the near future.

Richard Godfrey, Chief Executive Officer of BerGenBio, commented: "In recent

weeks COVID-19 infection rates have unfortunately increased rapidly in the UK.

With still no approved treatment or cure in place, and the hospitalised patient

population now becoming large enough to support the trial, the decision has been

taken to reinstate the ACCORD programme to continue investigating the potential

of bemcentinib and two other agents as treatments for COVID19 patients. We

believe bemcentinib has great promise and welcome the opportunity to recommence

participation in the UK trial. We also look forward to continuing our own

studies, using a similar protocol, in South Africa and India."

- END -

About ACCORD

The ACcelerating COVID-19 Research & Development platform (ACCORD) study is

being funded by the UK Research and Innovation (UKRI) with modest financial

contribution by BerGenBio and the other drug candidate contributing companies,

to rapidly test potential drugs through early stage clinical trials and feed

them into the UK's large-scale COVID-19 studies such as the RECOVERY trial

(https://www.nihr.ac.uk/urgent-public-health-research-studies-for-covid

-19/randomised-evaluation-of-covid-19-therapy-recovery/24513), currently the

world's largest randomised controlled clinical trial for COVID-19 treatment.

About AXL

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

biological mechanisms underlying many 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

About The Medicines Evaluation Unit (MEU)

The Medicines Evaluation Unit (MEU) is a leading specialist clinical research

facility working with the pharmaceutical industry to identify potential new

treatments for respiratory disease and conditions such as Asthma, COPD, Cystic

Fibrosis, Hypertension, Psoriasis. MEU has an outstanding reputation within the

industry for performing high quality clinical research complying with strict

clinical trial legislation. MEU has successfully conducted over 360 clinical

trials.

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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