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BerGenBio

Earnings Release Jun 3, 2019

3555_rns_2019-06-03_95330c06-b884-4131-9dbb-ca036da5bf20.html

Earnings Release

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BerGenBio presents new Phase II clinical data that bemcentinib in combination with low dose chemotherapy improves efficacy and duration of survival in elderly AML patients at ASCO 2019

BerGenBio presents new Phase II clinical data that bemcentinib in combination with low dose chemotherapy improves efficacy and duration of survival in elderly AML patients at ASCO 2019

· Phase II trial evaluating bemcentinib in combination with low-intensity

chemotherapy in elderly AML patients unfit for intensive therapy shows promising

efficacy

· 6 out of 13 (46%) patients receiving LDAC combination achieved an Overall

Response Rate (ORR) of 46%

· 3 out of 12 evaluable patients receiving decitabine combination achieved an

ORR of 25%

· ORR significantly higher than previously observed/historical benchmarks in

single-agent cytarabine

Chicago, USA, 03 June 2019 - BerGenBio ASA (OSE:BGBIO) today presents data

showing significant efficacy in Phase II clinical trials (BGBC003, NCT02488408)

evaluating bemcentinib, a first-in-class selective oral AXL inhibitor, in

combination with low-dose cytarabine (LDAC) or decitabine as a potential new

treatment regimen for acute myeloid leukaemia (AML) patients unable to tolerate

intensive therapy. The data will be presented at the 2019 annual meeting of the

American Society of Clinical Oncology (ASCO), Chicago, Illinois (31 May - 4 June

2019).

In total, 33 patients were enrolled into the trial: 16 into the LDAC +

bemcentinib group, of which 13 are evaluable for efficacy to date, and 17 into

the decitabine + bemcentinib group, of which 12 are evaluable for efficacy to

date.

Among the 13 evaluable patients in the LDAC + bemcentinib group, 6 responses

have been reported; 4 patients achieved complete remission / complete remission

with incomplete hematologic recovery (CR/CRi) and 2 patients' partial remission

(PR). This yields an overall response rate (ORR) of 46%, including 31% CR/CRi

among elderly AML patients (>70 years). Furthermore, one patient achieved

durable stable disease for more than 3 months. The relapse free survival rate

(RFS) for patients with CR/CRi is 6.2 months (0.7 to 9.6 months); data immature.

In the decitabine/bemcentinib group, of the 12 evaluable patients, 3 responses

have been reported; 1 patient achieved CR/CRi and 2 patients PR. This yields an

ORR of 25%. Furthermore, five patients had durable stable disease for more than

3 months. The RFS for patients with CR/CRi is 5 months; data immature.

The combination treatment of bemcentinib and LDAC or decitabine was overall well

-tolerated; the most common adverse events (>15% of patients) included anaemia,

neutropenia and diarrhoea. No grade 5 TRAEs were reported and all events were

reversible.

Professor Sonja Loges, attending physician and principal investigator,

University Medical Centre Hamburg Eppendorf, Germany commented: "These early

results are very encouraging, particularly as we have seen responses in a less

fit AML patient population with comparatively poor prognosis [having not

responded to first-line therapies], or with high risk cytogenetics. These data

show that bemcentinib in combination with LDAC resulted in a significantly

higher ORR than previously observed/historical benchmarks in single-agent

cytarabine. These early results warrant further investigation of bemcentinib in

a larger trial addressing AML patients unfit for intensive chemotherapy."

Richard Godfrey, Chief Executive Officer of BerGenBio, commented: "A majority of

AML patients are unable to tolerate intensive chemotherapy and have limited

treatment options, particularly if established first-line therapies fail. These

combination trials of bemcentinib with low-dose cytarabine and decitabine show

promising results that the addition of our selective AXL inhibitor will improve

the outcome of treatment with these much-used agents. Although these are early

findings, we are encouraged by the emerging clinical data and focused on

advancing our late stage development programme."

- END -

About AML and the BGBC003 trial

Acute myeloid leukaemia (AML) is a rapidly progressing blood cancer. AML is the

most common form of acute leukaemia in adults, where malignant AML blasts

interfere with the normal functioning of the bone marrow leading to a multitude

of complications like anaemia, infections and bleeding. AML is diagnosed in over

20,000 patients in the US annually and is rapidly lethal if left untreated.

Successful treatment typically requires intensive therapy or bone marrow

transplantation, and relapse and resistance are common. Consequently, there is

an urgent need for effective novel therapies in relapsed/refractory patients,

particularly those that are ineligible for intensive therapy or bone marrow

transplant.

The BGBC003 trial is a phase Ib/II multi-centre open label study of bemcentinib

in combination with cytarabine (part B2) and decitabine (part B3) in patients

with AML who are unsuitable for intensive chemotherapy as a result of advanced

age or existing-co-morbidities. Up to 28 patients will be enrolled at centres in

the US, Norway, Germany and Italy.

For more information please access trial NCT02488408 at www.clinicaltrials.gov.

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 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 and

leukaemia. A first-in-class functional blocking AXL antibody (BGB149) and an AXL

-ADC (ADCT-601) are undergoing phase I clinical testing. In parallel, BerGenBio

is developing a companion diagnostic test to identify those 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). 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, Jessica Hodgson, Nicholas Brown, 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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