Isofol Medical AB

GOTHENBURG, Sweden, Nov. 28, 2022 /PRNewswire/ -- Isofol Medical AB (publ) (Nasdaq Stockholm: ISOFOL), announced today that Chief Executive Officer Dr. Ulf Jungnelius M.D. and Isofol's Board of Directors have agreed that Ulf will step down as CEO of Isofol on June 1, 2023. Isofol's Board of Directors will take a decision regarding a new CEO once the company's future has been determined. The information in the press release is intended for investors. Dr. Ulf Jungnelius M.D. and Isofol have agreed that Ulf will leave his position as CEO of Isofol Medical on June 1, 2023. Until then he will be fully focused in leading Isofol as it completes the closure of the AGENT and to assess possible future paths forward for the Company. "As CEO, Ulf brought a valuable know-how and ability to oversee a large phase III clinical trial in oncology. We would like to thank Ulf for his hard work and dedication in taking the AGENT study to conclusive although disappointing results," said Jan Törnell, Chairman of Isofol Board of Directors. "Drug development is always a high-risk enterprise, but competent teams and dedicated shareholders are needed to make progress in fighting cancer. I would like to thank Isofol's shareholders, staff and board for their trust and confidence in allowing me to lead Isofol's effective and decisive completed phase III study," said Ulf Jungnelius. For further information, please contact Jan Törnell, chairman of the board E-mail: [email protected] Isofol Medical AB (publ) Jarl Ulf Jungnelius, M.D., CEO E-mail: [email protected] Telephone: +46 709-16 89 55 This is information that Isofol Medical AB is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at 17:55 CET on November 28, 2022. About Isofol Medical AB (publ) Isofol Medical AB (publ) is a clinical-stage biotechnology company that is developing and improving the current standard treatment for patients suffering from cancer by increasing treatment efficacy through the use of cytostatics. Isofol is focused on developing a drug for first-line treatment of advanced colorectal cancer (mCRC) and is trying to improve the current clinical practice by realizing the full strength of 5-FU with the addition of arfolitixorin. Isofol has an exclusive global licensing agreement with Merck & Cie in Schaffhausen, Germany to develop and commercialize arfolitixorin in oncology. Isofol Medical AB (publ) is traded on Nasdaq Stockholm. The following files are available for download: SOURCE Isofol Medical AB (publ)

GOTHENBURG, Sweden, Nov. 25, 2022 /PRNewswire/ -- Isofol Medical AB (publ) (Nasdaq Stockholm: ISOFOL), announced today that analysis of the AGENT study's final data confirmed topline results presented on August 3, 2022. Moreover, no predictive gene expressions for clinical response could be identified. Isofol is continuing its efforts to terminate the AGENT study in line with applicable ethical and regulatory requirements, complete the final study report for submission to regulatory agencies and prepare a manuscript for a scientific publication. Isofol is in parallel continuing to investigate possible future paths forward for the company. The information in the press release is intended for investors. On August 3, 2022, Isofol presented topline results showing that the AGENT study met neither its primary endpoint nor key secondary endpoint. Based on analysis of additional study data that Isofol obtained since then, the company can today confirm that the AGENT study's final data confirms the conclusions that were communicated in conjunction with topline results and study updates from August 31 and September 7, namely that: Neither the primary endpoint of objective response rate (ORR) nor the key secondary endpoint of progression-free survival (PFS) were met. With regards to safety data, there were no differences between the study arms with the exception of a non-statistically significant detriment in overall survival (OS) in the arfolitixorin arm. There were no significant differences in any major subgroups. There were preliminary indications that the risk of death was 11 percent greater in the experimental arm compared with the control arm. Data surrounding gene expression was also analyzed during the fourth quarter. Conclusions from this analysis did not identify any predictive biomarkers. "All in all, the final study results did not show any clinical or business value for Isofol either. We remain greatly disappointed. The company's management and board of directors will continue to diligently work together to investigate possible options for Isofol's future," said Ulf Jungnelius, CEO of Isofol. Isofol's work to terminate the AGENT study, which currently involves detailed quality control and regulatory documentation from the study sites involved, is continuing, and is estimated to be completed by the turn of the year. Isofol intends to publish key data from the study in a scientific publication to enable the medical community to fully leverage the lessons learned from the study. The preparation of a manuscript for scientific publication is ongoing and the intention is to submit it to a peer-reviewed journal in oncology during the first quarter of 2023. For further information, please contact Isofol Medical AB (publ) Jarl Ulf Jungnelius, M.D., Chief Executive Officer E-mail: [email protected] Phone: +46 (0) 709 16 89 55 Roger Tell, M.D., PhD, Chief Medical Officer E-mail: [email protected] Phone: +46 (0) 760 29 39 11 This information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on November 25, 2022. About the AGENT study The Phase III AGENT Study is the first to evaluate a meaningful alternative to the standard of care for most patients with metastatic colorectal cancer (mCRC) in 20 years and involves approximately 90 clinics in the U.S., Canada, Europe, Australia, and Japan. The Phase III randomized, controlled, multi-center study of 490 patients assessed the efficacy and safety of arfolitixorin, [6R]-5,10 methylene-THF (MTHF), compared to leucovorin, both used in combination with 5-U, oxaliplatin, and bevacizumab, in first line mCRC patients. The study was designed to show that arfolitixorin was better than leucovorin and that the results would be statistically significant. Patients were randomized in a 1:1 ratio with the primary endpoint being an overall response rate (ORR) >10 percent improvement vs. the control arm. The key secondary endpoint is a clinically meaningful positive trend in progression free survival (PFS). Other secondary endpoints include duration of response (DOR), number of curative metastasis resections, safety, and patient reported outcomes such as quality of life (QoL). Exploratory endpoints include pharmacokinetic (PK) measurements and level of gene expression of folate relevant genes in tumor cells. In the AGENT study, patients with non-resectable mCRC treated with arfolitixorin in combination with 5-FU, oxaliplatin and bevacizumab did not achieve a statistically significant overall response rate of ≥ 10% as compared to patients treated with the standard of care (leucovorin + 5-FU, oxaliplatin and bevacizumab). About Isofol Medical AB (publ) Isofol Medical AB (publ) is a clinical-stage biotechnology company that is developing and improving the current standard treatment for patients suffering from cancer by increasing treatment efficacy through the use of cytostatics. Isofol is focused on developing a drug for first-line treatment of advanced colorectal cancer (mCRC) and is trying to improve the current clinical practice by realizing the full strength of 5-FU with the addition of arfolitixorin. Isofol has an exclusive global licensing agreement with Merck & Cie in Schaffhausen, Germany to develop and commercialize arfolitixorin in oncology. Isofol Medical AB (publ) is traded on Nasdaq Stockholm. The following files are available for download: SOURCE Isofol Medical AB (publ)

GOTHENBURG, Sweden, Nov. 11, 2022 /PRNewswire/ -- Isofol Medical AB (publ), (NASDAQ Stockholm: ISOFOL), announced today that the company's interim report for January-September 2022 is now available on the company's website, . The information in the press release is intended for investors. Third quarter, July – September 2022 Net revenue amounted to TSEK 2,907 (5,154) and other revenue to TSEK 0 (0) The result for the period amounted to TSEK -32,513 (-51,026) Earnings per share amounted to SEK -0.20 (-0.32) Cash and cash equivalents as of September 30 amounted to TSEK 234,983 (420,861) January – September 2022 Net revenue amounted to TSEK 10,940 (17,702) and other revenue to TSEK 1 (0) The result for the period amounted to TSEK -134,420 (-139,081) Earnings per share amounted to SEK -0.83 (-1.22) Significant events during the third quarter 2022 On July 26, Isofol received approval of a biomarker analysis patent. On August 3, Isofol presented the top-line results of the global pivotal phase III AGENT study. The study data revealed that the study did not achieve the primary endpoint of objective response rate (ORR) or the key secondary endpoint of progression-free survival (PFS). On August 31, Isofol announced that based on additional study data, there was no longer reason to continue with the AGENT study. The conclusions regarding primary and secondary endpoints will not be revised. Isofol's Board resolved to assess possible alternatives for the company's future. On September 7, Isofol reported additional study data that laid the groundwork for the decision to terminate the study early. In parallel with this decision, Isofol's Board will continue to investigate possible alternatives to secure the largest possible value for Isofol's shareholders. Significant events after the event of the period No significant events occurred after the end of the period. CEO´s comment: "Given the AGENT study results' low clinical and business value for Isofol, we began work during the quarter to terminate the study. This must be carried out in accordance with applicable ethical aspects and regulatory requirements. This work is extensive and will therefore require both time and resources throughout autumn 2022 and the beginning of 2023. We also took active measures to reduce costs and secure the company's financial position, which has been our utmost priority along with finding any positive outcomes in the study data and terminating the study," says CEO Ulf Jungnelius. Audiocast, November 11, at 11:00 a.m. CET In conjunction with the publication of the interim report for the third quarter of 2022, Isofol invites investors, analysts, and media to an audiocast on November 11, 2022 at 11:00 a.m. CET. The presentation will be held by Isofol´s CEO Ulf Jungnelius and CFO Gustaf Albèrt, who will present and comment the report, followed by a Q&A-session. The presentation will be held in English. Date and time November 11, 2022, at 11:00 a.m. CET Webcast link Phone number To participate via telephone, please dial one of the numbers below. SE: +46 8 50 55 83 69 UK: +44 333 300 92 68 US: +1 631 913 1422, PIN: 46897527# The presentation will also be available on Isofol's website after the broadcast: For more information, please contact Isofol Medical AB (publ) Ulf Jungnelius, M.D., CEO E-mail: [email protected] Telephone: +46 709-16 89 55 Gustaf Albèrt, CFO E-mail: [email protected] Telephone: +46 709-16 83 02 The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET, on November 11, 2022. About Isofol Medical AB (publ) Isofol Medical AB (publ) is a clinical stage biotech company that is progressing and advancing current standards of care for people living with cancer by working to improve the efficacy of the current chemotherapeutic standards of care. Isofol is focused on developing a drug for the first line treatment of metastatic colorectal cancer (mCRC) and seeks to elevate current clinical practice by unlocking the full strength of 5-FU with the addition of arfolitixorin. Isofol holds a worldwide exclusive licensing agreement with Merck & Cie, Schaffhausen, Germany to develop and commercialize arfolitixorin for use in oncology. Isofol Medical AB (publ) is traded on Nasdaq, Stockholm. The following files are available for download: SOURCE Isofol Medical AB (publ)