Veru Receives FDA Settlement to Advance VERU-111 into Section 3 Research in Hospitalized COVID-19 Sufferers at Excessive Threat for Acute Respiratory Misery Syndrome (ARDS)

– Veru completes expedited finish of Section 2 trial assembly with FDA –

– FDA agrees that Section 2 scientific findings counsel a clinically significant profit for the usage of VERU-111 in hospitalized COVID-19 sufferers at excessive danger for ARDS –

– FDA agrees to advance VERU-111 into Section 3 scientific examine in hospitalized excessive danger COVID-19 sufferers to verify the potential profit and danger –

– Section 3 scientific examine anticipated to start in April 2021 with scientific outcomes anticipated in calendar This fall 2021 –

MIAMI, March 01, 2021 (GLOBE NEWSWIRE) — Veru Inc. (NASDAQ: VERU), an oncology biopharmaceutical firm, at the moment introduced that the FDA agreed in an Finish of Section 2 assembly, to advance VERU-111 right into a Section 3 registration scientific examine primarily based on the clinically significant advantages noticed with VERU-111 remedy within the lately accomplished double-blind, randomized, placebo-controlled Section 2 scientific trial evaluating oral, once-a-day dosing of VERU-111 versus placebo in roughly 40 hospitalized COVID-19 sufferers at excessive danger for ARDS. The Section 2 trial demonstrated clinically significant reductions in related endpoints, together with respiratory failure, affected person mortality, days within the ICU and days on mechanical air flow. VERU-111 has the potential for two-pronged motion towards COVID-19 as an antiviral and an anti-inflammatory agent which is supported by constructive Section 2 scientific examine outcomes.

“We’re more than happy with the result of the FDA assembly. FDA was extraordinarily collaborative and thought that the scientific information from the Section 2 have been promising and counsel a possible clinically significant profit for the usage of VERU-111 in hospitalized excessive danger COVID-19 sufferers. Additionally, the FDA agreed that VERU-111 warrants additional growth in a Section 3 program,” stated Mitchell Steiner, M.D., Chairman, President and Chief Govt Officer of Veru. “As a result of urgency of the worldwide pandemic and wish for more practical remedy choices for sufferers, we stay duty-bound to pursue this indication, though it has not been the first focus of Veru. We’ve the sources to conduct a Section 3 trial with out impacting our most cancers medicine’ scientific growth.”

We’ve met with and can search funding from The Biomedical Superior Analysis and Growth Authority of the US Division of Well being and Human Providers (BARDA) in addition to different companies to fund the estimated quantity of business drug to produce the wants of the US inhabitants, assuming confirmatory constructive Section 3 scientific outcomes and FDA approval.

Section 3 Medical Trial Design:

With the same trial design to the finished constructive Section 2 examine, the Section 3 scientific registration trial design will consider day by day oral doses of VERU-111 versus placebo with the first efficacy endpoint of proportion of sufferers alive at Day 29. It’s anticipated that the Section 3 scientific trial will probably be carried out in roughly 400 hospitalized sufferers who’ve SARS-CoV-2 virus an infection and are at excessive danger for ARDS at a 2:1 ratio between the VERU-111 (roughly 267 sufferers) and placebo (roughly 133 sufferers) handled teams.

The Firm has sufficient scientific drug provide available to finish the Section 3 scientific examine. The Section 3 scientific trial is anticipated to begin in April 2021 and scientific outcomes are anticipated by the fourth quarter of calendar yr 2021.

In regards to the Section 2 COVID-19 Medical Trial:

Veru carried out a double-blind, randomized, placebo-controlled Section 2 scientific trial evaluating oral, once-a-day dosing of VERU-111 18mg versus placebo in roughly 40 hospitalized COVID-19 sufferers who have been at excessive danger for ARDS. The trial was carried out in 5 websites throughout the USA. Sufferers hospitalized with documented proof of COVID-19 an infection and at excessive danger for ARDS have been enrolled. Topics obtained an 18mg dose of VERU-111 or placebo, in addition to normal of take care of 21 days or till launched from hospital. The first efficacy endpoint was the proportion of sufferers alive with out respiratory failure at Day 29.

Medical Efficacy and Security Outcomes:

For the first endpoint in a modified intent-to-treat (MITT) inhabitants, VERU-111 remedy in comparison with placebo had a statistically vital and clinically significant discount within the proportion of sufferers who’re remedy failures (useless or alive with respiratory failure) with a 30% remedy failure price within the placebo group (n=20) in comparison with 5.6% within the VERU-111 handled group (n=18) at Day 29. This represents an 81% relative discount within the VERU-111 remedy failures and confirmed statistical significance with p=0.05.

For secondary endpoints: within the Intent to Deal with (ITT) inhabitants, VERU-111 lowered the proportion of sufferers who died on examine from 30% (6/20) within the placebo group to five.3% (1/19) within the VERU-111 handled group (p=0.044). That is an 82% relative discount in mortality within the VERU-111 handled group. In an MITT inhabitants, VERU-111 confirmed a statistically vital and clinically significant discount in days in ICU (VERU-111 sufferers at 3.00 ± 7.16 days versus placebo 9.55 ± 11.54; p=0.04). VERU-111 lowered the times on mechanical air flow from a median of 5.4 days within the placebo group to 1.6 days within the VERU-111 handled group. VERU-111 was tolerated with a superb security profile.

VERU-111 and Normal of Care

Through the examine, the usual of care included remedy with remdesivir and/or dexamethasone below an Emergency Use Authorization. Using remdesivir and dexamethasone didn’t have a major impact on affected person outcomes within the examine. A subgroup evaluation of sufferers that obtained normal of care was carried out. There have been six sufferers in the complete examine that didn’t obtain normal of care of both remdesivir or dexamethasone (4 within the VERU-111 handled group and two within the placebo group). In sufferers that didn’t obtain the usual of care, VERU-111 remedy resulted in a statistically vital discount in days in ICU (VERU-111 1.43 ± 3.96 days versus placebo 8.83 ± 13.07 days; p=0.024) and days on mechanical air flow (VERU-111 zero days versus placebo 6.00 ± 10.57 days; p=0.0427). Within the VERU-111 group on normal of care, no affected person required mechanical air flow on examine.

About Veru Inc.
Veru Inc. is an oncology biopharmaceutical firm with a give attention to creating novel medicines for the administration of prostate most cancers and breast most cancers. The Veru prostate most cancers pipeline consists of VERU-111, VERU-100, and Zuclomiphene citrate. VERU-111 is an oral, first-in-class, new chemical entity that targets, crosslinks, and disrupts alpha and beta tubulin subunits of microtubules for the remedy of metastatic castration and androgen receptor resistant prostate most cancers. VERU-100 is a novel, proprietary peptide formulation designed to handle the present limitations of commercially accessible androgen deprivation therapies (ADT) for superior prostate most cancers. Zuclomiphene citrate is an oral nonsteroidal estrogen receptor agonist being developed to deal with sizzling flashes, a standard aspect impact attributable to ADT in males with superior prostate most cancers. The Veru breast most cancers pipeline consists of enobosarm for AR+/ER+/HER2- metastatic breast most cancers and VERU-111 for taxane resistant metastatic triple detrimental breast most cancers. Enobosarm is an oral, first-in-class, new chemical entity, selective androgen receptor agonist that targets and prompts the androgen receptor in AR+/ER+/HER2- metastatic breast most cancers with out undesirable masculinizing unintended effects. VERU-111 can also be being superior into Section 3 for the remedy of hospitalized sufferers with COVID-19 who’re at excessive danger for acute respiratory misery syndrome.

The Firm’s Sexual Well being Enterprise business product is the FC2 Feminine Condom®/ FC2 Inner Condom (“FC2”), an FDA-approved product for the twin safety towards unintended being pregnant and the transmission of sexually transmitted infections. The Firm’s Feminine Well being Firm Division markets and sells FC2 commercially and within the public well being sector each within the U.S. and globally. Within the U.S., FC2 is on the market by prescription by a number of third-party telemedicine and web pharmacy suppliers and retail pharmacies. Within the world public well being sector, the Firm markets FC2 to entities, together with ministries of well being, authorities well being companies, U.N. companies, nonprofit organizations and business companions, that work to help and enhance the lives, well being and well-being of ladies all over the world. An NDA was submitted in February 2021 for TADFIN (tadalafil 5mg and finasteride 5mg) capsule for the administration of tadalafil 5mg and finasteride 5mg mixture formulation dosed day by day for benign prostatic hyperplasia (BPH). Tadalafil (CIALIS®) is at the moment permitted for remedy of BPH and erectile dysfunction and finasteride is at the moment permitted for remedy of BPH (finasteride 5mg PROSCAR®) and male sample hair loss (finasteride 1mg PROPECIA®). If permitted, revenues from TADFIN (tadalafil 5mg and finasteride 5mg) capsule and the present revenues from the FC2 enterprise will probably be mixed in our sexual well being business enterprise. To be taught extra about Veru merchandise, please go to www.verupharma.com.

“Protected Harbor” assertion below the Non-public Securities Litigation Reform Act of 1995:
The statements on this launch that aren’t historic info are “forward-looking statements” as that time period is outlined within the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements on this launch embody statements relating to the anticipated timing of research for the remedy of COVID-19 utilizing VERU-111, the therapeutic potential for VERU-111 to deal with COVID-19,whether or not funding from BARDA or different companies will probably be forthcoming, the regulatory pathway to safe FDA approval of the Firm’s drug candidates, the anticipated design and scope of the scientific trial, the anticipated timeframe for scientific research and FDA submissions, scientific examine outcomes together with potential advantages and the absence of hostile occasions, and our sources to conduct scientific trials. Any forward-looking statements on this launch are primarily based upon the Firm’s present plans and techniques and replicate the Firm’s present evaluation of the dangers and uncertainties associated to its enterprise and are made as of the date of this launch. The Firm assumes no obligation to replace any forward-looking statements contained on this launch due to new data or future occasions, developments or circumstances. Such forward-looking statements are topic to identified and unknown dangers, uncertainties and assumptions. If any such dangers or uncertainties materialize or if any of the assumptions show incorrect, our precise outcomes may differ materially from these expressed or implied by such statements. Elements that will trigger precise outcomes to vary materially from these contemplated by such forward-looking statements embody, however should not restricted to, the next: dangers associated to the event of the Firm’s product portfolio, together with scientific trials, regulatory approvals and time and value to deliver to market; potential delays within the timing of and outcomes from scientific trials and research, together with potential delays within the recruitment of sufferers and their potential to successfully take part in such trials and research resulting from COVID-19, and the danger that such outcomes is not going to help advertising approval and commercialization; potential delays within the timing of any submission to the FDA and regulatory approval of merchandise below growth and the danger that disruptions on the FDA attributable to the COVID-19 pandemic could delay the assessment of submissions or approvals for brand spanking new medicine; the danger of a delay or failure in reaching settlement with the FDA on the design of a scientific trial or in acquiring authorization to begin a scientific trial; scientific outcomes or early information from scientific trials is probably not replicated or proceed to happen in further trials or could not in any other case help additional growth within the specified product candidate or in any respect; our pursuit of a COVID-19 remedy candidate is at an early stage and we could also be unable to develop a drug that efficiently treats the virus in a well timed method, if in any respect; dangers associated to our dedication of economic sources and personnel to the event of a COVID-19 remedy which can trigger delays in or in any other case negatively affect our different growth applications, regardless of uncertainties in regards to the longevity and extent of COVID-19 as a world well being concern and the likelihood that as vaccines change into extensively distributed the necessity for brand spanking new COVID-19 remedy candidates could also be lowered or eradicated; authorities entities could take actions that straight or not directly have the impact of limiting alternatives for VERU-111 as a COVID-19 remedy, together with favoring different remedy alternate options or imposing value controls on COVID-19 remedies; the danger that the Firm’s merchandise is probably not commercially profitable; dangers associated to the affect of the COVID-19 pandemic on our enterprise, the character and extent of which is very unsure and unpredictable; dangers referring to the flexibility of the Firm to acquire enough financing on acceptable phrases when wanted to fund growth and operations, together with our potential to safe well timed grant or different funding to develop VERU-111 as a possible COVID-19 remedy; product demand and market acceptance; competitors within the Firm’s markets and therapeutic areas and the danger of latest or present opponents with higher sources and capabilities and new aggressive product approvals and/or introductions; the danger that the Firm will probably be affected by regulatory developments, together with a reclassification of merchandise; value erosion, each from competing merchandise and elevated authorities pricing pressures; manufacturing and high quality management issues; compliance and regulatory issues, together with prices and delays ensuing from intensive governmental regulation, and results of healthcare insurance coverage and regulation, together with reductions in reimbursement and protection or reclassification of merchandise; among the Firm’s merchandise are in growth and the Firm could fail to efficiently commercialize such merchandise; dangers associated to mental property, together with the uncertainty of acquiring patents, the effectiveness of the patents or different mental property protections and talent to implement them towards third events, the uncertainty relating to patent coverages, the opportunity of infringing a 3rd social gathering’s patents or different mental property rights, and licensing dangers; authorities contracting dangers, together with the appropriations course of and funding priorities, potential bureaucratic delays in awarding contracts, course of errors, politics or different pressures, and the danger that authorities tenders and contracts could also be topic to cancellation, delay, restructuring or substantial delayed funds; the danger that delays in orders or shipments below authorities tenders or the Firm’s U.S. prescription enterprise may trigger vital quarter-to-quarter variations within the Firm’s working outcomes and adversely have an effect on its web revenues and gross revenue; a governmental tender award signifies acceptance of the bidder’s value fairly than an order or assure of the acquisition of any minimal variety of models, and because of this authorities ministries or different public sector clients could order and buy fewer models than the total most tender quantity or award; penalties and/or debarment for failure to fulfill tender awards; the Firm’s reliance on its worldwide companions and on the extent of spending by nation governments, world donors and different public well being organizations within the world public sector; dangers associated to focus of accounts receivable with our largest clients and the gathering of these receivables; the financial and enterprise surroundings and the affect of presidency pressures; dangers concerned in doing enterprise on a global degree, together with foreign money dangers, regulatory necessities, political dangers, export restrictions and different commerce obstacles; the Firm’s manufacturing capability, effectivity and provide constraints and interruptions, together with potential disruption of manufacturing on the Firm’s and third social gathering manufacturing amenities and/or of the Firm’s potential to well timed provide product resulting from labor unrest or strikes, labor shortages, uncooked materials shortages, bodily harm to the Firm’s and third social gathering amenities, COVID-19 (together with the affect of COVID-19 on suppliers of key uncooked supplies), product testing, transportation delays or regulatory actions; dangers associated to the prices and different results of litigation, together with product legal responsibility claims; the Firm’s potential to determine, efficiently negotiate and full appropriate acquisitions or different strategic initiatives; the Firm’s potential to efficiently combine acquired companies, applied sciences or merchandise; and different dangers detailed within the Firm’s press releases, shareholder communications and Securities and Trade Fee filings, together with the Firm’s Type 10-Okay for the fiscal yr ended September 30, 2020 and subsequent quarterly stories on Type 10-Q. These paperwork can be found on the “SEC Filings” part of our web site at www.verupharma.com/traders.

Investor Contact:

Sam Fisch

800-972-0538

Section 3 Medical Trial Contact:

veruclinicaltrials@verupharma.com

Domingo Rodriguez MD 800-445-6348

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