License partner of Xlife Sciences announces successful completion of phase 1 of in-vivo trial for ATROSIMAB – out-licensing of the compound intended

Xlife Sciences AG / Key word(s): Annual Results

25-Apr-2022 / 07:01 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Xlife Sciences AG (SIX: XLS) today announced that its project company Baliopharm has achieved an important R&D milestone in the development of the product candidate ATROSIMAB for the treatment of Non-alcoholic steatohepatitis (NASH) and potentially other chronic liver diseases. The phase 1 of the  in-vivo trial evaluating the safety, tolerability and efficacy of ATROSIMAB has been successfully completed. Despite the challenges due to the Corona pandemic, Baliopharm was able to recruit all patients as planned. None of the patients experienced any serious side effects. Consequently, the compound can be classified as safe.

Oliver R. Baumann, CEO Xlife Sciences, comments: 'We congratulate Baliopharm's team for achieving this important milestone in the development of ATROSIMAB. Baliopharm will now evaluate the clinical trial in detail and subsequently intends to out-license the compound to a larger pharmaceutical partner. Moreover, we are pleased to announce that Baliopharm has already started conversations with selected players in the industry.'

Financial calendar

Annual Results 2021                                  April 29, 2022

Publication Valuation Report                     May 9, 2022

Ordinary General Assembly 2022            June 20, 2022

2022 Half-Year Results                              September 28, 2022

Contact

Information for journalists: IRF Reputation AG, Valentin Handschin, handschin@irf-reputation.ch

Information for investors: Xlife Sciences AG, Dennis Lennartz, dennis.lennartz@xlifesciences.ch

About Xlife Sciences AG (SIX: XLS)

Xlife Sciences is a Swiss company focused as incubator and accelerator on the value development and commercialization of promising research projects from universities and other research institutions in the life sciences sector, with the aim of providing solutions for high unmet medical needs and a better quality of life. The goal is to bridge research and development to healthcare markets. Xlife Sciences takes carefully selected projects in the four areas of technological platforms, biotechnology/ therapies, medical technology, and artificial intelligence/digital health to the next stage of development, and participates in their subsequent performance. For more information, visit www.xlifesciences.ch

Disclaimer

Some of the information contained in this media release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Xlife Sciences undertakes no obligation to publicly update or revise any forward-looking statements.