Clinical Phase IIb study

The study, named RhoVac-002 ("BRAVAC") for which RhoVac has received approval to start, targets prostate cancer patients who have completed primary treatment (surgery or radiotherapy) and who show rising values ??in the prostate cancer marker PSA. It is a randomized, placebo controlled and double blinded study, where the primary goal of the study is to evaluate whether treatment with the drug candidate RV001 can reduce or prevent PSA increase compared to the control group (placebo group).

The study will enrol 150 evaluable patients who will be recruited in at least six countries, of which Denmark is the first. The clinical trial application will now be submitted in the remaining countries and, according to schedule, recruitment of patients to the study will be completed in Q3 2020. Reporting on the primary end-point of the study is expected Q3 2021.

CEO Anders Ljungqvist comments

-In the beginning of April 2019, RhoVac announced that the application to start the clinical phase IIb study, with RV001 had been submitted to the Danish Medicines Agency in Denmark. The fact that RhoVac has now received approval from the DMA means that the study can be initiated, in accordance with the communicated schedule, in the beginning of H2 2019. The first patients will be recruited at the University Hospital in Copenhagen.

Thanks to the rights issue on approximately SEK 181 million (before issue costs), which is currently ongoing, we secure that the study can start without delay. With this issue, we will have funding for the coming three years and can now focus on optimal clinical development and on finding the best possible exit partner, a partner we expect to have in final stage of negotiations when phase IIb study results becomes available.

The combination of advanced preparation for the phase IIb study and financing secured for the coming three years, puts RhoVac in a unique situation, and I am pleased to now continue the journey of the drug candidate RV001 into the next development phase. 

For more information, please contact:

Anders Ljungqvist – VD, RhoVac AB

Phone: +45 4083 2365

E-mail: alj@rhovac.com

This information is such that RhoVac AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 5 th June 2019.

About RhoVac AB

RhoVac AB conducts research and development of immunotherapeutic drugs. The company"s main focus is the development of a therapeutic cancer vaccine with the potential to prevent or limit metastasis in cancer. RhoVac"s top-line results from the  clinical phase I / II study has been published I August 2018. RhoVac has its head office at Medicon Village in Lund, Sweden. The research has been conducted since 2007 primarily at the University Hospital in Herlev, Denmark, by a world-class research team in its niche. RhoVac is listed on Spotlight Trade Market, Sweden, a Multilateral Trading Facility (MTF), since March 2016. The share is traded under the ticker RHOVAC. Read more at www.rhovac.com.