Dublin - Cosmo Pharmaceuticals NV (SIX: COPN) today announced that it has licensed the EU rights (plus Switzerland, UK, EEA countries, Russia and Mexico) for Lumeblue to Alfasigma S.p.A. Lumeblue is Cosmo's recently EMA approved drug for the detection of lesions during colonoscopy.

Alfasigma, a private company, is one of the top 5 pharmaceutical player in Italy with a turnover in 2019 of more than EUR1b and large worldwide operations with more than 3.000 employees, 16 direct branches and presence, direct or through distributors, in more than 80 countries. Alfasigma's growth strategy is based on a strong focus on research & development (internally developed molecules represent more than 50% of global sales), the acquisition of other companies and assets and the license of innovative pharmaceutical products such as Lumeblue. Alfasigma has a strong focus in gastro-intestinal diseases, with both prescription and over-the-counter drugs.

Cosmo will receive a EUR4m upfront payment from Alfasigma, plus double-digit royalties and commercial milestones. Cosmo will be the exclusive supplier of Lumeblue.

Alessandro Della Cha, CEO of Cosmo, said: 'We are honored to license Lumeblue to Alfasigma, a highly respected company with a history of success in the development and marketing GI drugs. The unique focus of Alfasigma in GI from the treatment of colonic diseases to preparation for colonoscopy makes Alfasigma the perfect partner to tackle the large European colonoscopy market with Lumeblue'.

Pier Vincenzo Colli, CEO of Alfasigma, declared: 'This agreement is another important milestone in our journey to establish Alfasigma as international specialty company strongly focused on gastro-intestinal disorders. With the addition of Lumeblue to Alfasigma's strong GI portfolio we will be able to offer better support for our customers to improve diagnosis and save patients' lives'.

About Cosmo Pharmaceuticals

Cosmo is a specialty pharmaceutical company focused on developing and commercialising products to treat selected gastrointestinal disorders and improve endoscopy quality measures through aiding the detection of colonic lesions. Cosmo has also developed medical devices for endoscopy and has recently entered into a partnership with Medtronic for the global distribution of GI Genius its artificial intelligence device for use in coloscopies and GI procedures. Cosmo has licensed Aemcolo to Red Hill Biopharma Ltd. for the US and has licensed Relafalk to Dr. Falk Gmbh for the EU and other countries.

Contact:

Niall Donnelly

Tel: +353 1 817 03 70

Email: ndonnelly@cosmopharma.com

Disclaimer

Some of the information contained in this press release contains forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Cosmo undertakes no obligation to publicly update or revise any forward-looking statements.

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