Nanoform signs GMP agreement and achieves near-term business target


HELSINKI, Nov. 15, 2021 /PRNewswire/ —

Insider info

Nanoform Finland Plc

November 15, 2021

05:05 p.m. Finnish time / 04:05 p.m. Swedish time

Nanoform indicators GMP settlement and achieves near-term enterprise goal

Helsinki, Finland – Nanoform, an revolutionary nanoparticle medication enabling firm, right now introduced it has signed an settlement to fabricate GMP (Good Manufacturing Apply) nanoformed materials for a European headquartered worldwide firm. This follows the Letter of Intent (LOI), signed between the events in June 2021, to nanoform and develop, manufacture, and commercialize an improved model of a present blockbuster drug.

In Q3 Nanoform signed 6 new buyer non-GMP tasks, taking the full for the primary 9 months of 2021 to 14 signed buyer non-GMP tasks (10 in 2020, 2 in 2019). Nanoform has now achieved its near-term enterprise goal of “Not less than 12 new non-GMP buyer tasks and not less than one new GMP buyer undertaking in 2021”. The corporate has subsequently achieved all near-term enterprise targets for 2021.

The worth of the GMP and non-GMP tasks are in line with Nanoforms guided enterprise mannequin, €0.5m to €10m per GMP undertaking and €0.05m to €0.5m per non-GMP undertaking. The introduced GMP settlement is for early scientific growth and subsequently within the decrease finish of the corporate GMP steerage vary. The ultimate contractual phrases for commercialization might be negotiated because the undertaking progresses.

Professor Edward Hæggström, CEO of Nanoform, commented: “Following our scientific outcomes earlier this yr, Nanoform now enters its subsequent development section; manufacture of nanoformed scientific grade API’s (Energetic Pharmaceutical Components) for our prospects and companions. Our manufacturing enlargement is on observe and within the coming years we’ll have extra GMP traces in place, catering to our prospects’ rising wants for nanoformed API’s”.

The knowledge within the press launch is info that Nanoform is obliged to make public pursuant to the EU Market Abuse Regulation. The knowledge was despatched for publication, by the company of the contact individuals set out above, on November 15, 2021, at 05:05 p.m. Finnish time / 04:05 p.m. Swedish time.

For additional info, please contact:

Albert Hæggström, CFO

[email protected] / +358 29 370 0150

For investor relations queries, please contact:

Henri von Haartman, Director of Investor Relations

[email protected] / +46 7686 650 11

About Nanoform

Nanoform is an revolutionary nanoparticle medication enabling firm. Nanoform works along with pharma and biotech companions globally to offer hope for sufferers in creating new and improved medicines using Nanoform’s platform applied sciences. The corporate focuses on decreasing scientific attrition and on enhancing drug molecules’ efficiency by its nanoforming applied sciences and formulation providers. Nanoform’s capabilities embrace GMP manufacturing, and its providers span the small to giant molecule growth house with a concentrate on fixing key points in drug solubility and bioavailability and on enabling novel drug supply purposes. Nanoform’s shares are listed on the Premier-segment of Nasdaq First North Progress Market in Helsinki (ticker: NANOFH) and Stockholm (ticker: NANOFS). Licensed Adviser: Danske Financial institution A/S, Finland Department, +358 40 744 1900. For extra info, please go to www.nanoform.com.

Ahead-Trying Statements

This press launch incorporates forward-looking statements, together with, with out limitation, statements relating to Nanoform’s technique, enterprise plans and focus. The phrases might,” “will,” “may,” “would,” “ought to,” “anticipate,” “plan,” “anticipate,” “intend,” imagine,” “estimate,” “predict,” “undertaking,” “potential,” “proceed,” “goal” and comparable expressions are meant to determine forward-looking statements, though not all forward-looking statements include these figuring out phrases. Any forward-looking statements on this press launch are based mostly on administration’s present expectations and beliefs and are topic to plenty of dangers, uncertainties and essential elements which will trigger precise occasions or outcomes to vary materially from these expressed or implied by any forward-looking statements contained on this press launch, together with, with out limitation, any associated to Nanoform’s enterprise, operations, scientific trials, provide chain, technique, objectives and anticipated timelines, competitors from different firms, and different dangers laid out in Nanoform’s prospectus revealed (on Might 22, 2020) in reference to Nanoform’s preliminary public providing (the “Prospectus”) below “Threat Components” and in our different filings or paperwork furnished to the Finnish Monetary Supervisory Authority in reference to the Prospectus. Nanoform cautions you to not place undue reliance on any forward-looking statements, which communicate solely as of the date they’re made. Nanoform disclaims any obligation to publicly replace or revise any such statements to replicate any change in expectations or in occasions, circumstances or circumstances on which any such statements could also be based mostly, or which will have an effect on the chance that precise outcomes will differ from these set forth within the forward-looking statements. Any forward-looking statements contained on this press launch symbolize Nanoform’s views solely as of the date hereof and shouldn’t be relied upon as representing its views as of any subsequent date.

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