Oncology Venture - Patent on Drug Response Predictor technology granted in China

Hoersholm; September 27th, 2016 – Oncology Venture Sweden AB (OV:ST)) today announced that Medical Prognosis Institute A/S was notified by the Chinese Patent Office that it has granted a patent on MPIs Drug Response Predictor - DRP™ - technology covering 8 relevant anti-cancer drugs including cisplatin in-licensed by Oncology Venture. Oncology Venture in-license DRP’s for its drugs in pipeline. The patent has previously been granted in in USA and Japan.

"We are pleased to see this patent, covering 8 relevant anti-cancer drugs including cisplatin (the active substance in LiPlaCis®), which has previously been granted in the USA and Japan, now granted in China as well. The DRP is core in the development of our drugs and China is an interesting market," says Peter Buhl Jensen, M.D., CEO of Oncology Venture.

About the Drug Response Predictor - DRP™ screening tool

Oncology Venture uses the MPI multi gene DRP™ to select those patients that by the gene signature in their cancer is found to have a high likelihood of response to the drug. The goal is to develop the drug for the right patients and by screening patients before treatment the response rate can be significantly increased.

This DRP™ method builds on the comparison of sensitive vs. resistant human cancer cell lines including genomic information from cell lines combined with clinical tumor biology and clinical correlates in a systems biology network. The DRP™ is based on messenger RNA from the patients biopsies.

The DRP™ platform i.e. the DRP™ and the PRP™ tools can be used in all cancer types, and is patented for more than 60 anti-cancer drugs in the US. The PRP™ is used by MPI for Personalized Medicine. The DRP™ is used in Oncology Venture for drug development.

For further information, please contact

This information is information that Oncology Venture Sweden AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on September 27th 2016.

About Oncology Venture Sweden AB

Oncology Venture Sweden AB is engaged in the research and development of anti-cancer drugs via its wholly owned Danish subsidiary Oncology Venture ApS. Oncology Venture has a license to use Drug Response Prediction – DRP™ – in order to significantly increase the probability of success in clinical trials. DRP™ has proven its ability to provide a statistically significant prediction of clinical outcomes from drug treatment in cancer patients in 29 of the 37 clinical studies that were examined. The Company uses a model that alters the odds in comparison with traditional pharmaceutical development. Instead of treating all patients with a particular type of cancer, patients’ tumors genes are screened first and only those who are most likely to respond to the treatment will be treated. Via a more well-defined patient group, the risk and costs are reduced while the development process becomes more efficient.

The current product portfolio: LiPlaCis for Breast Cancer, Irofulven developed from a fungus for prostate cancer and APO010 – an immuno-oncology product for Multiple Myeloma.