Photocure ASA: Update on milestone payments from Asieris Pharmaceuticals
Oslo, Norway, April 20, 2026 – Reference is made to Photocure ASA's (OSE: PHO) announcement dated 3 March 2026, in which the Company noted that its partner, Asieris Pharmaceuticals (SSE: 688176), had announced receipt of the Drug Registration Certificate from China's National Medical Products Administration (NMPA) for its core product APL-1702 (trade name: CEVIRA®). This approval enables commercial launch in China. Photocure further confirmed in this announcement that with Cevira’s regulatory approval in China it is entitled to a milestone payment.
Photocure has in accordance with its license agreement with Asieris invoiced the applicable milestone payment of $11M USD. Asieris has made a partial payment of $6.6M USD. Asieris has indicated that the partial payment reflects its position that the approved label obtained for Cevira in China is insufficient to trigger the full milestone amount.
While Photocure seeks to maintain constructive dialogue with Asieris, the Company believes that Asieris’ position is without merit and the milestone trigger is met. Photocure will assess all available measures and take all appropriate actions to pursue full payment by Asieris in accordance with the license agreement.
For further information, please contact:
Dan Schneider
President and CEO
Photocure ASA
Email: ds@photocure.com
Priyam Shah
Vice President Investor Relations
Tel : +17176815072
Email: priyam.shah@photocure.com
Media enquiries:
Geir Bjørlo
Corporate Communications (Norway)
Tel: +47 91540000
Email: geir.bjorlo@corpcom.no
About Photocure ASA
Photocure: The Bladder Cancer Company delivers transformative solutions to improve the lives of bladder cancer patients. Our unique technology, which makes cancer cells glow bright pink, has led to better health outcomes for patients worldwide. Photocure is headquartered in Oslo, Norway, and listed on the Oslo Stock Exchange (OSE: PHO). For more information, please visit us at www.photocure.com, www.hexvix.com or www.cysview.com.
Important Information
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Tolv Hillestad, Photocure ASA on the time and date set out above.
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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.