Arecor Therapeutics plc

(“Arecor” or the “Group”)

BUSINESS UPDATE

• 
  
  Pipeline for future
  
  
  
  
  revenue
  
  
  
  
  generating partnered collaborations
  
  
  
  
  is
  
  
  
  
  strong
  
  
  
  
  with further deals
  
  
  
  
  anticipated
  
  
  
  
  in H2 and beyond
  
  
• 
  
  Key data for
  
  
  
  
  ultra-rapid acting
  
  
  
  
  insulin
  
  
  
  
  AT247
  
  
  
  
  expected in
  
  
  
  
  H2
  
  
  
  
  ,
  
  
  
  
  next step in demonstrating
  
  
  
  
  its
  
  
  
  
  potential to facilitate a fully closed loop artificial pancreas, a transformational treatment option for people living with diabetes
  
  

Cambridge, UK

, 14 July 2022: Arecor Therapeutics plc (AIM: AREC), a globally focused biopharmaceutical company advancing today’s therapies to enable healthier lives, today provides a business update and announces that its interim results for the six months ended 30 June 2022 will be issued during the week commencing 5 September 2022.

Arecor is pleased to report progress in line with expectations, as the Group continues to drive forward a commercially focused business model, advancing its best-in-class proprietary pipeline and expanding its partnered portfolio. The Group’s unaudited cash position at 30 June 2022 was £13.7 million.

The pipeline for future revenue generating partnered collaborations is strong with further deals anticipated in H2 and beyond. In June, Arecor signed an exclusive formulation study collaboration with a top five global pharmaceutical company. Here, Arecor is applying the Arestat

^TM

technology to develop improved, stable, high concentration liquid formulations of the partner company’s proprietary products. This technology partnership continues to validate the strength of and need for the Arestat

^TM

technology platform and Arecor continues to build a strong pipeline of potential future collaborations.

Within Arecor’s diabetes franchise, excellent clinical progress continues. In May, the Group presented positive data at the 15th International Advanced Technologies and Treatments for Diabetes (ATTD) meeting from the Phase I clinical trial investigating Arecor’s ultra-rapid acting, ultra-concentrated insulin product candidate, AT278. The data, which had exceeded expectations, were well received at the international congress and support both the candidate’s continued development and its potential to significantly improve outcomes and quality of life for the growing population of people living with diabetes who have high daily insulin needs, particularly those with type 2 diabetes. In the same month, an Arecor-hosted key opinion leader webinar, entitled “The Need for Concentrated and Rapid Acting Insulin Treatments in Diabetes Care”, brought together four world-class experts in the field of diabetes care to discuss the AT278 clinical data as well as the clear clinical and patient need. A further clinical trial of AT278, in people living with type 2 diabetes, is expected to begin dosing patients later this year. The Group is also on track to report headline data later in 2022 from the ongoing US Phase I trial investigating the potential of AT247, Arecor’s ultra-rapid acting insulin product candidate, when delivered by continuous subcutaneous infusion via insulin pump. These data are key, both as an important next step in determining whether AT247 can facilitate a fully closed loop artificial pancreas, a transformational treatment option for people living with diabetes, and in turn, generating a partnering package demonstrating the superiority of AT247 compared to gold standard insulins available to patients today.

Sarah Howell,


Chief Executive Officer at Arecor


,


said

:

“


We continue to build


strong


momentum in


the advancement of our internal


portfolio of best-in-class


proprietary


products


and partnered programmes.


This


progress


gives us confidence in Arecor’s


science and


business model


,


which


underpin


s


our vision to


transform


patient care and


our ambition to build


a large self-sustaining


biopharmaceutical company.


We look forward to further progress


in 2022


within our diabetes f


ranchise


,


with


key


data for AT247 in H2


having


the potential to be a significant infle


x


ion point for the


Group


,


and


we


are continuing


discussions with


potential


partners


to


expand our portfolio of revenue generating partnership deals.”

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR)

-ENDS-

For more information, please contact:

Notes to Editors

About Arecor

Arecor Therapeutics plc is a globally focused biopharmaceutical group transforming patient care by bringing innovative medicines to market through the enhancement of existing therapeutic products. By applying our innovative proprietary formulation technology platform, Arestat™, we are developing an internal portfolio of proprietary products in diabetes and other indications, as well as working with leading pharmaceutical and biotechnology companies to deliver enhanced formulations of their therapeutic products. The Arestat™ platform is supported by an extensive patent portfolio.

For further details please see our website,

www.arecor.com