American Society of Transplant Surgeons 19th Annual State of the Art Winter Symposium Asts 2020

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Sernova Announces Clinical Investigator Update of its Type 1 Diabetes Trial at the 2022 ASTS 22nd Annual Winter Symposium

12/16/2021 | 06:07am EDT

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DGAP-News: Sernova Corp. / Key give-and-take(s): Study results/Conference
Sernova Announces Clinical Investigator Update of its Type 1 Diabetes Trial at the 2022 ASTS 22nd Annual Wintertime Symposium

16.12.2021 / 12:05
The issuer is solely responsible for the content of this proclamation.


LONDON, ONTARIO - Dec 16, 2021 - Sernova Corp. (TSX-5:SVA) (OTCQB:SEOVF) (FSE/XETRA:PSH), a clinical-phase regenerative medicine and jail cell therapy therapeutics company focused on developing a potential 'functional cure' for blazon ane diabetes (T1D) and other chronic diseases, is pleased to announce that Dr. Piotr Witkowski, main investigator of Sernova'southward Phase I/Ii clinical trial volition nowadays updated interim results from the ongoing condom, tolerability and efficacy study of Sernova'south Prison cell Pouch(TM) in a poster session at the American Lodge of Transplant Surgeons (ASTS) 22nd Almanac "Country of the Art" Wintertime Symposium on January 13, 2022.

Dr. Witkowski'southward presentation entitled, A Modified Approach for Improved Islet Allotransplantation into the Pre-vascularized Sernova Jail cell Pouch(TM) device-preliminary results of the stage I and II clinical report at University of Chicago, volition be presented to more than 600 transplant professionals as part of Abstruse Session A, starting at 5:30 PM. Further details on the plan and registration can be plant on the ASTS Winter Symposium website: https://asts.org/events-meetings/winter-symposium

The ASTS Winter Symposium is the aforementioned briefing where, in January 2021, Dr. Witkowski presented positive preliminary safety and efficacy information indicating that Sernova'south Prison cell Pouch(TM) transplanted with insulin producing cells in patients with type i diabetes showed persistent islet function and clinically meaningful improvement in measures of glucose control.

ABOUT ASTS

The American Society of Transplant Surgeons represents approximately ane,900 professionals, regulatory authorities and pharmaceutical representatives dedicated to excellence in transplantation surgery. ASTS advances the art and science of transplant surgery through patient care, inquiry, education, and advocacy.

ABOUT SERNOVA

Sernova is developing regenerative medicine therapeutic solutions using a medical device (Cell Pouch) and immune protected therapeutic cells / tissues (i.e. human donor cells, corrected homo cells and stem cell-derived cells) to better the treatment and quality of life of people with chronic metabolic diseases such as insulin-dependent diabetes, blood disorders including hemophilia, and other diseases treated through cellular production of proteins or hormones missing or in short supply within the body. For more information, please visit www.sernova.com.

ABOUT SERNOVA'S CELL POUCH System

The Jail cell Pouch, every bit office of the Cell Pouch System, is a novel, proprietary, scalable, implantable macro- encapsulation device solution designed for the long-term survival and function of therapeutic cells. The device upon implantation is designed to incorporate with tissue, forming highly vascularized tissue chambers for the transplantation and function of therapeutic cells, which then release proteins and hormones equally required to treat disease.

The Cell Pouch, along with therapeutic cells, has been shown to provide long-term safety and efficacy in small-scale and large creature models of diabetes and has been proven to provide a biologically uniform environment for insulin-producing cells in humans in a Canadian first-in-homo written report. Sernova is currently conducting a Phase I/Ii study at the Academy of Chicago. Positive initial results have been presented at several international scientific conferences.

FOR FURTHER Data, PLEASE CONTACT:

Corey Davis, Ph.D.
LifeScience Advisors, LLC
cdavis@lifesciadvisors.com
Tel: 212-915-2577

Christopher Barnes
VP, Investor Relations
Sernova Corp.
christopher.barnes@sernova.com
Tel: 519-902-7923
world wide web.sernova.com

FORWARD-LOOKING Data
This release contains statements that, to the extent they are not recitations of historical facts, may constitute "forward-looking statements" that involve various risks, uncertainties, and assumptions, including, without limitation, statements regarding the prospects, plans, and objectives of the visitor. Wherever possible, merely not always, words such as "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential for" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur are used to identify forrad-looking statements. These statements reflect direction'due south beliefs with respect to time to come events and are based on information currently available to management on the date such statements were made. Many factors could crusade Sernova'southward actual results, performances or achievements to not be as predictable, estimated or intended or to differ materially from those expressed or implied past the forward-looking statements independent in this news release. Such factors could include, but are non limited to, the company's power to secure additional financing and licensing arrangements on reasonable terms, or at all; ability to behave all required preclinical and clinical studies for the company's Prison cell Pouch System and/or related technologies, including the timing and results of those trials; ability to obtain all necessary regulatory approvals, or on a timely ground; ability to in-license additional complementary technologies; power to execute its business organisation strategy and successfully compete in the marketplace; and the inherent risks associated with the development of biotechnology combination products generally. Many of the factors are beyond our control, including those caused by, related to, or impacted by the novel coronavirus pandemic. Investors should consult the company'due south quarterly and annual filings available on world wide web.sedar.com for additional information on risks and uncertainties relating to the forward-looking statements. Sernova expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



16.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English language
Company: Sernova Corp.
700 Collip Circumvolve, Ste 114
N6G 4X8 London
Canada
Internet: https://world wide web.sernova.com/contact/
EQS News ID: 1258867

End of News DGAP News Service

1258867  sixteen.12.2021

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� EQS 2021

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