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Saniona: Saniona obtains approval to initiate Phase 2a study on Tesomet in type 2 diabetes

Saniona, a leading biotech company in the field of ion channels, today
announces that the German regulatory authority Bundesamt für
Arzneimittel und Medizinprodukte, BfArM, has approved Saniona's Phase
2a clinical study for Tesomet in type 2 diabetes patients. The
approval is conditioned on minor changes to the protocol. Saniona has
filed the revised protocol to BfArM and expects to recruit the first
patient in April 2016. The study is conducted at two sites in Germany
under the management of Profil Germany, which is a leading diabetes
clinical research organisation. Saniona expects to report the results
from the trial within one year of initiation.

"The BfArM approval was the final preparative step for the initiation
of the clinical Phase 2a study for Tesomet. It is a highly innovative
and interesting program, which addresses a huge and fast growing
market. Tesomet has the potential to change the life of many patients
with type 2 diabetes. Our vision for Tesomet is to develop a new type
of treatment for diabetes which can bring certain groups of patients
in complete remission", says Jørgen Drejer, CEO of Saniona.

The Tesomet study will be conducted by Profil at their two in-house
clinics in Germany: Profil Neuss and Profil Mainz. Profil is a
spin-off from the Department of Metabolic Diseases and Nutrition at
the University of Düsseldorf. Profil is a unique full-service
contract research organisation, which is recognised for their
professional management and scientific expertise within clinical
research in diabetes and other metabolic diseases. This team has
contributed to more than 360 peer-reviewed publications and has a
significant presence at international diabetes-focused conferences.

"We are extremely excited to be responsible for conducting this proof
of concept study with Tesomet, which represents a new innovative
approach in type 2 diabetes", says Dr. Tim Heise, Lead Scientist,
Profil Germany.

The primary objective of the Phase 2a study is to examine whether
Tesomet has no or only marginal effect on the heart rate in patients
with type 2 diabetes. The secondary objective is to examine whether
Tesomet provides a reduction in the blood glucose level, the body
weight and the liver fat in patients with type 2 diabetes. The double
blind, placebo controlled study comprises a total of 60 patients,
where 30 patients will receive Tesomet (tesofensine 0.5 mg +
metoprolol 100 mg daily) and 30 patients will receive matching
placebo for a total of 12 weeks. Saniona expects to report the
results from the trial within one year of initiation.

"The type 2 diabetes market is huge. There are more than 400 million
patients today and the number is expected to increase with more than
50 per cent over the next 25 years due to lifestyle changes.
According to Datamonitor, the global market for type 2 diabetes drugs
is expected to rise from 23 billion USD in 2014 to 43 billion USD in
2023 where weight loss products will be the major driver of growth",
says Jørgen Drejer, CEO of Saniona.

For more information, please contact

Thomas Feldthus, EVP and CFO, Saniona, Mobile: +45 2210 9957, E-mail:

About Saniona

Saniona is a research and development company focused on drugs for
diseases of the central nervous system, autoimmune diseases,
metabolic diseases and treatment of pain. The company has a
significant portfolio of potential drug candidates at pre-clinical
and clinical stage. The research is focused on ion channels, which
makes up a unique protein class that enables and controls the passage
of charged ions across cell membranes. Saniona has ongoing
collaboration agreements with Upsher-Smith Laboratories, Inc.,
Productos Medix, S.A de S.V and Saniona's Boston based spinout
Ataxion Inc., which is financed by Atlas Venture Inc. and Biogen Idec
Inc. Saniona is based in Copenhagen, Denmark, where it has a research
center of high international standard. Saniona is listed at
AktieTorget since April 2014 and has about 3,000 shareholders. The
company's share is traded under the ticker SANION. Read more at

About Tesomet and tesofensine

Key highlights

· Tesofensine has in a Phase 2 study in obese patients shown body
weight and fat reducing efficacy, which is superior to any of the
current weight loss agents on the market. Tesofensine has also shown
a significant reduction of key glycaemic parameters in a pre-diabetic
subgroup of obese patients.

· Tesofensine has been dosed to approximately 1,300 healthy
volunteers and patients with no unexpected side effects.

· There is full toxicology package on tesofensine, which has been
reviewed and accepted by regulatory authorities. In general the
adverse effect profile at therapeutic doses is similar to placebo.

· The combination of tesofensine and Metoprolol showed no clinically
relevant drug-drug interaction in a Phase 1 study and a single dose
of Metoprolol mitigated the tesofensine-induced increase in heart

· Tesomet, the combination of tesofensine and metoprolol, has shown
a desired cardiovascular profile without any loss of tesofensine' s
weight reducing efficacy in an animal study.

· Saniona has now received approvals for initiating a Phase 2a
clinical proof of concept study with Tesomet in patients with type 2
diabetes in Germany.

· If successful, Tesomet should provide an attractive profile
combining a clinically meaningful anti-diabetic effect with unmatched
weight loss together with a benign side effect profile.

· New IP estate - Recently approved and filed patent applications on
the Tesomet product should provide protection until 2033.

In 2014, Saniona acquired tesofensine, a triple monoamine uptake
inhibitor, which blocks reuptake of dopamine, serotonin and
noradrenaline regulating appetite. This triple mode of action leads
to a reduction in hunger, a feeling of satiety ("food addiction") and
an increase in the metabolic drive.

Saniona intends to position Tesomet as a fix-dosed combination of
tesofensine and metoprolol for treatment of type 2 diabetes. In
addition to providing substantial weight loss in obesity, tesofensine
has also the potential to treat type 2 diabetes by reducing liver

Saniona believes that tesofensine represents an interesting new
treatment option for type 2 diabetes, which not only may be used in
parallel with existing treatments, but also may offer additional
long-term benefits through its disease modifying properties directly
affecting the pathophysiology of the disease. In general, tesofensine
has been well tolerated in human clinical studies. However, an
increase in heart rate has been observed at therapeutic doses of
tesofensine. Several patent applications have been filed to protect
the combination tesofensine and Metoprolol. Saniona already has an
issued patent in the U.S., which includes the combination of
tesofensine and Metoprolol and which will provide protection in the
United States until 2033. The combination product is also covered by
other recent Saniona patent applications with broad geographic
coverage. Saniona has recently published new results from datamining
of previous clinical studies, which show that tesofensine improved
glycaemic parameters in prediabetes individuals participating in a
Phase 2 obesity study and that Metoprolol blunts the increase in
heart rate caused by tesofensine in volunteers in a Phase 1 study.

About Type 2 diabetes and the current medical treatment

Type 2 diabetes is a progressive disease characterised by
hyperglycaemia resulting from a combination of insulin resistance and
insulin secretion defects. Despite the wide prevalence of type 2
diabetes, the understanding of the disease remains incomplete -
particularly with respect to disease progression. Cellular stress and
inflammation e.g. induced initially by excess liver fat can result in
the release of fatty acids that eventually will reduce the insulin
producing ability of pancreatic ?-cells and lead to build up of
further liver fat. This results in an accelerating cycle where the
body is increasingly unable to deal with glucose, which leads to even
higher blood glucose levels. The increased glucose level is slowly
causing damages to vital organs, renal and cardiovascular
complications, blindness, amputation and death.

Type 2 diabetes accounts for about 90% of diabetes cases. According to
the International Diabetes Federation, the estimated number of
diabetes sufferers worldwide was more than 400 million in 2014, and
the number of adults with diabetes is predicted to increase to 642
million by 2040. Although not all sufferers are diagnosed, the market
is very large and will continue to grow. While all current
anti-diabetic medications in general are temporarily effective at
managing the symptoms of the disease, the disease inexorably
aggravates with time with grave consequences. There is substantial
unmet medical need and thus large market potential for a diabetes
therapy with a new mechanism-of-action and a good safety profile,
even in the absence of break-through efficacy. There are several
recent examples demonstrating that secondary or third line treatments
show robust uptake and worldwide sales nearing or exceeding $1B
within a year from launch.

About the role of weight loss in treatment of type 2 diabetes

Severe overweight and obesity is a major health problem in the
developed world with a substantial number of people becoming
clinically obese resulting in serious health problems. Obesity often
leads to accumulation of fat in the liver that has been shown to have
multiple deleterious consequences.

It has become clear in recent years that the accumulation of fat in
the liver has a direct effect on the development of type 2 diabetes
and that lowering body fat level by bariatric surgery or severe
dieting can lead to normalization of diabetic symptoms and long term
remission in type 2 diabetes; and independent studies show that
bariatric surgery, gastric banding and hypocaloric dieting lead to
reversal of type 2 diabetes to normal metabolic control and insulin
secretion. Observation of and insights into the underlying
pathophysiologic mechanisms (including the behaviour of the liver and
pancreas) during the reversal of type 2 diabetes led to formulation
of the so-called twin cycle hypothesis of the etiology and
pathogenesis of type 2 diabetes:

"The accumulation of fat in liver and secondarily in the pancreas will
lead to self-reinforcing cycles that interact to bring about type 2
diabetes. Fatty liver leads to impaired fasting glucose metabolism
and increases export of very low density lipoprotein (VLDL)
triacylglycerol, which increases fat delivery to all tissues,
including the islets. The liver and pancreas cycles drive onward
after diagnosis with steadily decreasing ?-cell function. However, of
note, observations of the reversal of type 2 diabetes confirm that if
the primary influence of positive calorie balance is removed, then
the processes are reversible" (Roy Taylor, Diabetes Care, volume 36,

Bariatric surgery resulting in about 20 kg weight loss and severe diet
has been shown to reduce and even reverse type 2 diabetes.
Tesofensine has been shown to cause more than 15 kg reduction in body
weight in many overweight patients, and Saniona believes that
tesofensine in the combination with metoprolol (Tesomet) can cause a
sufficient reduction in body weight and in particular liver fat to
successfully manage type 2 diabetes and subsequently be approved by
regulatory authorities for this indication.


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