Asarina Pharma CEO Peter Nordkild: “While we made progress in several areas during Q3 2021, it was frustrating for us that our phase IIa study in Tourette Syndrome was delayed. We now expect our first patients to be included in the Study in December.”

FINANCIAL HIGHLIGHTS

• Significant reduction in operating costs in Q3
• Cash position on 30 September 2021 (SEK 23.5 million) still expected to cover the Tourette study

R&D HIGHLIGHTS

• TOURETTE SYNDROME
Following an administrative delay from Region Hovedstaden (the Capital Region of Denmark) we expect to receive final legal approval for our phase II proof of concept study in Tourette in Q4 2021, with the first patient to receive first dose of Sepranolone in December.

• OCD
This quarter we have continued internal discussions on how best to finance a clinical study in OCD. This follows the granting of a US patent for Sepranolone for the treatment of Tourette, Obsessive-compulsive Disorder (OCD) and pathological gambling in June (valid until 2038).