MedinCell Releases the Results of Its September 8, 2022 Ordinary Annual and Extraordinary General Meeting

Adoption of all the proposed resolutions, with the exception of the 31^st and 32^nd resolutions, as recommended by the Management Board

MONTPELLIER, France--(BUSINESS WIRE)--Regulatory News:

MedinCell (Paris:MEDCL) held its ordinary annual and extraordinary general meeting of shareholders on September 8, 2022, at MedinCell's headquarters (3 rue des Frères Lumière, 34830 Jacou, France), which was chaired by Julie Alimi, Head of Legal of MedinCell.

With a quorum of 60.34%, the shareholders have adopted all the resolutions proposed by the Management Board and, including, the approval of the annual and consolidated accounts for exercise ended March 31, 2022, the compensation policy applicable to the Chairman and members of the Management Board, the Chairman and the members of the Supervisory Board and the delegations granted to the Management Board in financial matters. As recommended by the Management Board, resolutions 31 and 32 were rejected.

The replay of the general meeting is available on: https://www.medincell.com/fr/investisseurs/#events_

Details on the vote results will be available soon on the company’s website: https://www.medincell.com/en/investors/#meeting_

About MedinCell

MedinCell is a pharmaceutical company at premarketing stage that develops a portfolio of long-acting injectable products in various therapeutic areas by combining its proprietary BEPO^® technology with active ingredients already known and marketed. Through the controlled and extended release of the active pharmaceutical ingredient, MedinCell makes medical treatments more efficient, particularly thanks to improved compliance, i.e. compliance with medical prescriptions, and to a significant reduction in the quantity of medication required as part of a one-off or chronic treatment. The BEPO^® technology makes it possible to control and guarantee the regular delivery of a drug at the optimal therapeutic dose for several days, weeks or months starting from the subcutaneous or local injection of a simple deposit of a few millimeters, fully bioresorbable. MedinCell collaborate with tier one pharmaceuticals companies and foundations to improve Global Health through new therapeutic options. Based in Montpellier, MedinCell currently employs more than 150 people representing over 30 different nationalities.

www.medincell.com

This press release contains forward-looking statements, including statements regarding Company’s expectations for (i) the timing, progress and outcome of its clinical trials; (ii) the clinical benefits and competitive positioning of its product candidates; (iii) its ability to obtain regulatory approvals, commence commercial production and achieve market penetration and sales; (iv) its future product portfolio; (v) its future partnering arrangements; (vi) its future capital needs, capital expenditure plans and ability to obtain funding; and (vii) prospective financial matters regarding our business. Although the Company believes that its expectations are based on reasonable assumptions, any statements other than statements of historical facts that may be contained in this press release relating to future events are forward-looking statements and subject to change without notice, factors beyond the Company's control and the Company's financial capabilities.

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MedinCell
David Heuzé
Communication leader
david.heuze@medincell.com
+33 (0)6 83 25 21 86

NewCap
Louis-Victor Delouvrier/Mathilde Bohin
Investor Relations
medincell@newcap.eu
+33 (0)1 44 71 94 94

NewCap
Nicolas Merigeau
Media Relations
medincell@newcap.eu
+33 (0)1 44 71 94 94