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Zelluna ASA Earnings Release 2021

Aug 12, 2021

3779_rns_2021-08-12_b45d6132-2310-4e47-ad09-cdfb074c1677.html

Earnings Release

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Ultimovacs Announces Further Positive Topline Results from Phase I UV1 Cancer Vaccine Combination Study in Metastatic Melanoma

Ultimovacs Announces Further Positive Topline Results from Phase I UV1 Cancer Vaccine Combination Study in Metastatic Melanoma

* Cohort 2 showed 60% objective response rate, 30% complete response rate

* 90% overall survival rate at 12 months follow-up

* Cohort 2 results reinforce results seen in cohort 1

* Good safety and tolerability profile supports use of UV1 in combination

treatments

Oslo, 12 August 2021: Ultimovacs ASA ("Ultimovacs") (OSE ULTI), a clinical stage

leader in immune stimulatory vaccines for cancer, announced positive topline

results from the second cohort of 10 patients after one year of its ongoing

U.S.-based Phase I clinical trial evaluating the Company's universal cancer

vaccine, UV1, in combination with the checkpoint inhibitor pembrolizumab as a

first-line treatment in metastatic malignant melanoma. The primary endpoint of

safety and tolerability was achieved with strong initial signs of clinical

response.

Tumor shrinkage was evident in six of the 10 patients, a 60% objective response

rate. In three of the patients, the tumors were reduced to undetectable levels,

a 30% complete response rate. These levels of tumor destruction in response to

treatments with the combination of UV1 and pembrolizumab were similar to those

seen in the first cohort of 20 patients from the same study.

The overall survival (OS) rate after one year was high and consistent across

both patient cohorts, with a 90% OS rate in cohort 2 and 85% in cohort 1. Median

progression-free survival (mPFS) was not reached in either cohort at 12 months,

a positive outcome indicating that the disease status had either improved or was

stable in at least half of the participating patients in both parts of the

study.

"The emerging picture is that the UV1-pembrolizumab combination has a strong

safety profile and provides consistently high levels of clinical response in

advanced melanoma," said Jens Bjørheim, Chief Medical Officer of Ultimovacs.

"This latest data adds to the accumulating body of evidence demonstrating that

UV1 is safe and can mobilize the immune system to play a transformative role in

the treatment of solid tumors."

The study* is ongoing in the U.S. and, as previously announced, the topline 2-

year follow-up data on the first patient cohort is still expected in Q4 2021.

"These latest results are compelling, and in line with the data presented at

ASCO from the first group of patients in this study," said Carlos de Sousa, CEO

of Ultimovacs. "We will discuss these results further when we present the

company's Q2 2021 financial results to shareholders on 20 August, 2021. We also

plan to share more detailed results of the study at a major clinical oncology

meeting in 2022."

* ClinicalTrials.gov Identifier: NCT03538314. Treatments in cohort 1 and cohort

2 of the study differed only in the levels of GM-CSF administered as an adjuvant

with UV1.

\==ENDS==

About Ultimovacs

Ultimovacs is developing immune-stimulatory vaccines to treat a broad range of

cancers. Ultimovacs' lead universal cancer vaccine candidate UV1 targets human

telomerase (hTERT), present in over 80% of cancers in all stages

of tumor growth. By directing the immune system to hTERT antigens, UV1 drives

CD4 helper T cells to the tumor to activate an immune system cascade and

increase anti-tumor responses. With a broad Phase II program, Ultimovacs aims to

clinically demonstrate UV1's impact in multiple cancer types in combination with

other immunotherapies. Ultimovacs' second technology approach, based on the

proprietary Tetanus-Epitope-Targeting (TET) platform, combines tumor-specific

peptides and adjuvant in the same molecule and entered Phase I studies in 2021.

For further information, please see www.ultimovacs.com or contact:

Carlos de Sousa, CEO

Email: [email protected] (mailto:[email protected])

Phone: +47 908 92507

Hans Vassgård Eid, CFO

Email: [email protected] (mailto:[email protected])

Phone: +47 482 48632

Mary-Ann Chang, LifeSci Advisors

Email: [email protected] (mailto:[email protected])

Phone: +44 7483 284 853

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 in the Norwegian Securities Trading Act.

This stock exchange announcement was published by Hans Vassgård Eid, CFO at

Ultimovacs ASA, on 12 August, 2021 at 07:45 CET.