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Photocure ASA

Regulatory News Service Oct 15, 2025

3714_rns_2025-10-15_5f647520-b2d5-4cd6-a145-7fbe35a4199e.html

Regulatory News Service

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Photocure and Intelligent Scopes Corporation partner on development of AI for blue light cystoscopy

Photocure and Intelligent Scopes Corporation partner on development of AI for blue light cystoscopy

Press Release - Oslo, Norway, October 15, 2025: Photocure ASA (OSE: PHO), the

Bladder Cancer Company, announces that it has entered into a partnership with

Intelligent Scopes Corporation (ISC) to develop Artificial Intelligence (AI)

software with blue light cystoscopy (BLC[®]). Initial testing shows promising

performance results.

Photocure and ISC have signed a development agreement on AI software and BLC for

the detection of bladder tumors. Photocure is a pioneer in the bladder cancer

diagnostics market with its Hexvix[®]/Cysview[®] products, supported by robust

clinical evidence and treatment guidelines. ISC, based in the U.S., is a

subsidiary of Claritas HealthTech Limited, based in the UK. Claritas and its

affiliates, together with ISC, develop leading endoscopy solutions that ISC

commercializes.

In the current development phase, Photocure and ISC are collaborating to develop

an AI software which can support the physician in real-time during blue light

cystoscopy, improving early-stage bladder cancer detection, diagnosis, and

resection completeness. The initial testing results were based on approximately

200 blue light procedures with more than 80,000 images. These results support

the benefits of AI enabled blue light cystoscopy by detecting high risk

cancerous lesions earlier in the patient pathway and more accurately.

Photocure will support the development collaboration through an initial clinical

study, with the aim to collect blue light videos and images from bladder cancer

patients, at multiple sites in the U.S. and Europe, to train the blue light AI

software. Details of the study (ENAiBLE) can be found on clinicaltrials.gov

(https://clinicaltrials.gov/study/NCT07144319).

Upon completion of the development, Photocure and ISC intend to pursue FDA

clearance for the AI software compatible with any blue light cystoscope system.

Regulatory clearances will be pursued in parallel across Europe and other

markets. The next milestone would be the beta-version of the new Blue light AI

detection software within 12-18 months, ahead of regulatory review.

Based on the terms of the agreement, Photocure will have exclusive, perpetual

rights to commercialize the new solution via its direct sales force,

distributors or partners, as well as license to device manufacturers in any

given country upon regulatory clearance.

"Our partnership with ISC is part of Photocure's strategic focus on advancing

precision diagnostics in uro-oncology. Building on its strong track record and

established credibility in bladder cancer diagnostics, Photocure aims to

leverage leading innovative technologies to grow a portfolio of complementary

diagnostic solutions to address the evolving needs of patients, physicians, and

the broader healthcare community. This initiative underscores Photocure's

commitment to drive the progress towards more personalized and data-driven

management in uro-oncology, enabling better clinical outcomes. Recent

publications indicate that the global AI cancer diagnostic market is

experiencing significant growth due to the rising prevalence of cancer,

increasing demand for precision diagnostics to increase accuracy, and a growing

awareness for the importance of early and more precise diagnosis. BLC has become

the reference point for next-generation cystoscopy technologies - it is not just

enhancing what we see, but also redefining what is possible in detecting

previously easy to miss but aggressive disease. We envision that ISC's AI

technology will support transforming diagnostic approaches using BLC and will

create a strategic shift towards integrated precision medicine," said Dan

Schneider, President and CEO of Photocure.

Dr. Rajesh Nair, Urological Surgeon at Guy's and St. Thomas', UK, and Chief

Medical Officer at ISC, commented, "As a practicing bladder cancer surgeon,

where I regularly face the challenge of accurate detection and complete

resection of tumors, I am excited about the prospect of a new solution that

combines ISC's proven track record in state-of-the-art AI solutions for

cystoscopy with the detection capabilities of blue light cystoscopy that

Photocure provides. With the evidenced improvement in accuracy achieved with

ISC's existing AI technology for bladder tumor detection, the application of its

cutting-edge technology together with the enhanced detection capability of blue

light cystoscopy from Photocure marks a significant leap forward in bladder

cancer diagnostics with the potential to transform bladder cancer management,

significantly enhancing patient care and outcomes."

"The integration of AI will ensure BLC continues to out-perform white light

cystoscopy, as initial performance data indicate blue light AI has the potential

to detect more tumors, especially high-grade flat carcinoma in situ (CIS)

lesions, than white light AI. However, assisting urologists in the detection of

tumors with AI-enhanced blue light cystoscopy is just a first development step.

We also intend to explore the blue light AI software to assist with real-time

tumor characterization and mapping of CIS lesions for enhancing risk

stratification and precision monitoring. Such additional aims expand the utility

of our technology to further help urologists achieve their bladder cancer

management goals with BLC. These next iterations could drive practice-changing

applications that blue light cystoscopy can uniquely deliver," said Anders

Neijber, Chief Medical Officer of Photocure.

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 8[th] most common cancer worldwide - the 5[th] most

common in men - with 1 949 000 prevalent cases (5-year prevalence rate)[1a],

614 000 new cases and more than 220 000 deaths in 2022.[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 [February 2024].

[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, New Zealand and Israel. Please refer

to https://photocure.com/partners/our-partners for further information on our

commercial partners.

The following safety information is solely included to comply with U.S.

regulatory requirements: Important Risk & Safety Information for Cysview[®]

(hexaminolevulinate HCl) (https://packageinsert.s3.us-east

-2.amazonaws.com/Cysview+PI+2020.pdf)

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

w (http://www.photocure.com/news)ww.photocure.com/news (http://www.photocure.com/

news).

About Intelligent Scopes Corporation

Intelligent Scopes Corp provides state-of-the-art image processing and

enhancement software medical devices and AI diagnostic tools for the fields of

urology and gastroenterology. The company focuses on the strategic R&D of image

processing, image enhancement, AI diagnostic tools, and robotic guidance systems

for endoscopy procedures to improve detection rates, reduce unnecessary biopsies

and enhance patient outcomes. For more information, please

visit: www.intelligentscopes.com (https://www.globenewswire.com/Tracker?data=-

-hcG4yELYcYewvrcUuxGXcaovuAFGlEFAhCpHPruCc6dpjqPab_Nc8XtiLhZ4_bT5lhXFFH__b6GZumdm

HjdPo7oLcLpshjTcYbicIoGR1-LkdIx4qZ8fNwlX4O4q_A).

About Claritas HealthTech Limited

Claritas conducts research and development in the fields of image enhancement,

machine vision and artificial intelligence ("AI") with a focus on medical image

processing and AI-assisted interpretation and diagnostics. Claritas aims to

transform the diagnostics industry with powerful and effective software products

created using image enhancement and AI technology, to enable and assist doctors

in medical diagnostics. For more information, please

visit www.claritashealthtech.com (https://www.globenewswire.com/Tracker?data=-

-hcG4yELYcYewvrcUuxGdD5UG9afP_FXPMyAjukXMDlkRgqI4gX4K-xhfgimvw5IWQXxDcBKB

-S_3g3n7morWk8YeoMzs1QG5SOGVcUxEOmpLbvvZ1htt1A4v5qLjSr).

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]

Priyam Shah

Vice President Investor Relations

Tel: +17176815072

Email: [email protected]

Media and IR enquiries:

Geir Bjørlo

Corporate Communications (Norway)

Tel: +47 91540000

Email: [email protected]

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