Veru’s Novel COVID-19 Drug Applicant Lowers Fatalities by 55% in Hospitalized People in Interim Investigation of Period 3 Research Independent Data Checking Committee Halts Analyze Early for Too much to handle Efficacy

Veru Inc.

— Unbiased Info Checking Committee Unanimously Endorses that Stage 3 Scientific Trial for Sabizabulin for Procedure of Hospitalized COVID-19 People at Large Risk for ARDS Be Stopped Early Because of to Too much to handle Proof of Efficacy —

— Sabizabulin Treatment Confirmed Statistically Important and Clinically Significant 55% Reduction in Fatalities When compared to Placebo in Moderate-Critical Hospitalized Sufferers (p=.0029) —

— Sabizabulin Oral Day by day Dosing was Perfectly Tolerated with a Comparable Basic safety Profile In comparison to Placebo —

— Company to Satisfy with Food and drug administration to Look for Emergency Use Authorization —

–The Company will Host a Conference Contact at 8:00 am ET to Explore Final results and Planned Upcoming Methods —

MIAMI, April 11, 2022 (Globe NEWSWIRE) — Veru Inc. (NASDAQ: VERU), an oncology biopharmaceutical company, nowadays announced optimistic efficacy and safety outcomes from a planned interim assessment of the double-blind, randomized, placebo-controlled Stage 3 COVID-19 scientific trial evaluating oral sabizabulin 9 mg as opposed to placebo in 150 hospitalized COVID-19 clients at significant danger for Acute Respiratory Distress Syndrome (ARDS). The Impartial Information Security Checking Committee unanimously suggested that the Stage 3 analyze be halted early due to efficacy, and they further more remarked that no protection fears ended up discovered.

Section 3 COVID-19 Demo Layout

The Section 3 COVID-19 review is a double-blind, randomized, placebo-controlled Section 3 medical demo assessing oral, at the time-a-day dosing of sabizabulin 9 mg versus placebo in around 210 hospitalized moderate to serious COVID-19 sufferers (≥WHO 4) who were being at substantial risk for ARDS and demise. Clients were randomized in a 2:1 ratio to the sabizabulin therapy group vs . placebo. People in both treatment method teams were permitted to acquire normal of treatment which include remdesivir, dexamethasone, anti-IL6 receptor antibodies, and JAK inhibitors. The demo was done in the United States, Brazil, Colombia, Argentina, Mexico, and Bulgaria. COVID-19 bacterial infections taken care of in the examine included the Delta and Omicron variants. A planned interim investigation was executed in the first 150 sufferers randomized into the review. The major efficacy endpoint was the proportion of patients that died by Working day 60.

Clinical Efficacy and Basic safety Results
The prespecified principal endpoint was death at or just before day 60. Sabizabulin procedure resulted in a clinically and statistically meaningful 55% relative reduction in deaths (p=.0029) in the intent to take care of inhabitants. Placebo group (n=52) experienced a 45% mortality amount as opposed to the sabizabulin-treated group (n=98) which experienced a 20% mortality charge. The secondary efficacy endpoints are nonetheless being analyzed at the time of this release.

Sabizabulin remedy was nicely tolerated in this patient populace with no clinically suitable protection observations in the sabizabulin dealt with group in contrast to placebo.

Regulatory Discussions and Organizing

The Corporation designs to satisfy with Fda to discuss next methods which includes the submission of an crisis use authorization software. As formerly disclosed, the Fda granted Speedy Observe designation to the sabizabulin COVID-19 clinical program in January 2022, which the Enterprise hopes will assist streamline the unexpected emergency use authorization system.

The Corporation has scaled up producing procedures to develop commercial drug source to address predicted drug needs adhering to possible Food and drug administration authorization.

The Enterprise has been in discussions with BARDA and other US governing administration organizations in an exertion to safe an progress getting agreement of drug products for the U.S.

“This analyze represents a considerable milestone in the international struggle against COVID-19 as sabizabulin is the first drug to display a clinically and statistically significant reduction in deaths in hospitalized clients with average to intense COVID-19,” reported Mitchell Steiner, M.D., Chairman, President and Chief Government Officer of Veru. “We strongly think that sabizabulin, with its twin anti-viral and anti-inflammatory houses which shown positive efficacy and safety success in the Phase 3 COVID-19 research, can be that significantly necessary oral treatment for hospitalized reasonable to severe COVID-19 sufferers,” Dr. Steiner continued.

“What would make these conclusions additional appropriate is that the pharmacological activity of sabizabulin is independent of COVID-19 variant kind. Pending forthcoming dialogue with Food and drug administration, this treatment alternative may possibly be produced obtainable soon so we can be prepared for when the following clinically significant wave of COVID infections arrives,” claimed Gary Barnette, PhD, Main Scientific Officer of Veru.

“We count on new COVID-19 variant infections and new challenges in the procedure of hospitalized sufferers, especially as the place heads into the drop and wintertime seasonal cycle. With the final results of this Section 3 COVID-19 review, we now have a procedure alternative for the sickest hospitalized COVID individuals,” stated Alan Skolnick, M.D., Principal Investigator with Hd Study, who carried out this Period 3 COVID-19 study at Memorial Hermann Memorial City Professional medical Center in Houston TX. “We have battled this pandemic for almost two and a 50 percent several years now. A 55% reduction in deaths in hospitalized sufferers is tremendously meaningful to patients, their households, medical professionals, nurses, hospital workers and the communities they serve,” added Dr. Skolnick.

Function Facts
The Business will host a conference get in touch with today at 8:00 am ET to focus on the constructive efficacy and protection final results from the interim examination and next measures. Intrigued functions could access the simply call by dialing 1-800-341-1602 from the U.S. or 1-412-902-6706 from outdoors the U.S. and asking to be joined into the Veru Inc. get in touch with. The get in touch with will also be obtainable as a result of a live, listen-only audio broadcast by means of the Online at Listeners are encouraged to check out the website at least 10 minutes prior to the get started of the scheduled presentation to sign up, down load and install any necessary computer software. A playback of the simply call will be archived and available on the exact web page for at the very least a few months. A telephonic replay of the meeting phone will be readily available, commencing the similar working day at about 12 p.m. (noon) ET by dialing 1-877-344-7529 for U.S. callers, or 1-412-317-0088 from outside the house the U.S., passcode 5820166, for just one 7 days.

About Veru Inc.
Veru is an oncology biopharmaceutical business with a principal aim on developing novel medicines for the administration of breast and prostate cancers.

The Company’s late-stage breast cancer advancement portfolio contains enobosarm, a selective androgen receptor targeting agonist, and sabizabulin, a cytoskeleton disruptor.

Existing research on the two medications incorporate:

  • Enrolling Phase 3 ARTEST analyze of enobosarm in androgen receptor optimistic, estrogen receptor good, and human epidermal advancement aspect receptor two negative (AR+ ER+ HER2-) metastatic breast cancer with AR ≥ 40% expression (3rd-line metastatic placing), and which has been granted Quickly Track designation by the Food and drug administration.

  • Planned Phase 3 ENABLAR-2 review of enobosarm + abemaciclib (a CDK 4/6 inhibitor) mixture in AR+ ER+ HER2- metastatic breast most cancers with AR ≥ 40% expression (2nd-line metastatic setting). The Business and Eli Lilly and Company have entered into a scientific study collaboration and provide agreement for the ENABLAR-2 study. Lilly will source Verzenio® (abemaciclib).

  • Prepared Phase 2b examine of sabizabulin in AR+ ER+ HER2- metastatic breast cancer with AR < 40% expression (third-line metastatic setting).

The Company has determined that patients who have ≥ 40% androgen receptor nuclei staining by immunohistochemistry in their breast cancer tissue, a measure of AR expression, are most likely to respond to enobosarm. Consequently, Veru is developing a companion diagnostic test to determine a patient’s androgen receptor expression status and has partnered with Roche/Ventana Diagnostics, a world leader in oncology companion diagnostic tests, which will develop and, if it is approved, commercialize the AR companion diagnostic test.

Veru’s late-stage prostate cancer portfolio comprises sabizabulin, VERU-100, a long-acting GnRH antagonist, and zuclomiphene citrate, an oral nonsteroidal estrogen receptor agonist.

Current studies on these drugs include:

  • Enrolling Phase 3 VERACITY study in metastatic castration and androgen receptor targeting agent resistant prostate cancer prior to IV chemotherapy.

  • Enrolling Phase 2 dose-finding study of VERU-100 in advanced hormone sensitive prostate cancer.

  • Planned Phase 2b study of zuclomiphene citrate to treat hot flashes in men with advanced prostate cancer undergoing androgen deprivation therapy.

In addition, sabizabulin, which has dual antiviral and anti-inflammatory effects, has completed a Phase 3 COVID-19 clinical study for the treatment of hospitalized moderate to severe COVID-19 patients ( WHO 4) who were at high risk for ARDS and death. The Phase COVID-19 clinical study was stopped early for positive efficacy following a planned interim analysis. The Company is seeking an emergency use authorization.

Veru also has a commercial sexual health division – Urev, the proceeds of which help fund its drug development programs, comprised of 2 FDA approved products:

  • ENTADFI™ (finasteride and tadalafil) capsules for oral use, a new treatment for benign prostatic hyperplasia, for which commercialization launch plans are underway.

  • FC2 Female Condom® (internal condom), for the dual protection against unplanned pregnancy and the transmission of sexually transmitted infections which is sold in the U.S. and globally.

Forward-Looking Statements
The statements in this release that are not historical facts are “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release include statements regarding: whether and when the Company will meet with FDA or receive an emergency use authorization or any approval from FDA for sabizabulin for certain COVID-19 patients whether and when sabizabulin will become an available treatment option for certain COVID-19 patients whether the Company will have sufficient supply of sabizabulin to meet demand, if an emergency use authorization or other approval is granted whether the Company will secure any advance purchase agreement with the U.S. government whether the current and future clinical development and results will demonstrate sufficient efficacy and safety and potential benefits to secure FDA approval of the Company’s drug candidates and companion diagnostic whether the drug candidates will be approved for the targeted line of therapy the anticipated design and scope of clinical studies and FDA acceptance of such design and scope whether any regulatory pathways, including the accelerated Fast Track designations, to seek FDA approval for sabizabulin, enobosarm or any of the Company’s drug candidates are or continue to be available whether the expected commencement and timing of the Company’s clinical studies, including the Phase 3 ENABLAR-2 study, the sabizabulin monotherapy Phase 2b clinical study for 3rd line treatment of metastatic breast cancer, the Phase 2 registration clinical study for VERU-100, and the development of the companion diagnostic will be met when clinical results from the ongoing clinical studies will be available, whether sabizabulin, enobosarm, VERU-100, zuclomiphene, and ENTADFI will serve any unmet need or, what dosage, if any, might be approved for use in the US or elsewhere, and also statements about the potential, timing and efficacy of the rest of the Company’s development pipeline, and the timing of the Company’s submissions to FDA and FDA’s review of all such submissions whether any of the selective clinical properties previously observed in clinical studies of sabizabulin, enobosarm, VERU-100 or other drug candidates will be replicated in the current and planned clinical development program for such drug candidates and whether any such properties will be recognized by the FDA in any potential approvals and labeling whether the companion diagnostic for enobosarm will be developed successfully or be approved by the FDA for use. These forward-looking statements are based on the Company’s current expectations and subject to risks and uncertainties that may cause actual results to differ materially, including unanticipated developments in and risks related to: the development of the Company’s product portfolio and the results of clinical studies possibly being unsuccessful or insufficient to meet applicable regulatory standards or warrant continued development the ability to enroll sufficient numbers of subjects in clinical studies and the ability to enroll subjects in accordance with planned schedules the ability to fund planned clinical development the timing of any submission to the FDA and any determinations made by the FDA or any other regulatory authority the possibility that as vaccines become widely distributed the need for new COVID-19 treatment candidates may be reduced or eliminated government entities possibly taking actions that directly or indirectly have the effect of limiting opportunities for sabizabulin as a COVID-19 treatment, including favoring other treatment alternatives or imposing price controls on COVID-19 treatments the Company’s existing products and any future products, if approved, possibly not being commercially successful the effects of the COVID-19 pandemic and measures to address the pandemic on the Company’s clinical studies, supply chain and other third-party providers, commercial efforts, and business development operations the ability of the Company to obtain sufficient financing on acceptable terms when needed to fund development and operations demand for, market acceptance of, and competition against any of the Company’s products or product candidates new or existing competitors with greater resources and capabilities and new competitive product approvals and/or introductions changes in regulatory practices or policies or government-driven healthcare reform efforts, including pricing pressures and insurance coverage and reimbursement changes the Company’s ability to successfully commercialize any of its products, if approved risks relating to the Company’s development of its own dedicated direct to patient telemedicine and telepharmacy services platform, including the Company’s lack of experience in developing such a platform, potential regulatory complexity, and development costs the Company’s ability to protect and enforce its intellectual property the potential that delays in orders or shipments under government tenders or the Company’s U.S. prescription business could cause significant quarter-to-quarter variations in the Company’s operating results and adversely affect its net revenues and gross profit the Company’s reliance on its international partners and on the level of spending by country governments, global donors and other public health organizations in the global public sector the concentration of accounts receivable with our largest customers and the collection of those receivables the Company’s production capacity, efficiency and supply constraints and interruptions, including potential disruption of production at the Company’s and third party manufacturing facilities and/or of the Company’s ability to timely supply product due to labor unrest or strikes, labor shortages, raw material shortages, physical damage to the Company’s and third party facilities, COVID-19 (including the impact of COVID-19 on suppliers of key raw materials), product testing, transportation delays or regulatory actions costs and other effects of litigation, including product liability claims the Company’s ability to identify, successfully negotiate and complete suitable acquisitions or other strategic initiatives the Company’s ability to successfully integrate acquired businesses, technologies or products and other risks detailed from time to time in the Company’s press releases, shareholder communications and Securities and Exchange Commission filings, including the Company’s Form 10-K for the fiscal year ended September 30, 2021 and subsequent quarterly reports on Form 10-Q. These documents are available on the “SEC Filings” section of our website at The Company disclaims any intent or obligation to update these forward-looking statements.

Verzenio® is a registered trademark of Eli Lilly and Company

Investor and Media Contact:
Samuel Fisch
Executive Director, Investor Relations and Corporate Communications
Email: [email protected]

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