Maat Pharma SA

Sequentia will use the round winnings to speed up the market introduction of its cloud-based and microbiome-focused healthcare software MICK and scale up the development of its technology offerings. The round was led by Seventure Partners, a French venture capital firm with a history of backing microbiome-focused companies developing disease treatments including Microbiotica and MaaT Pharma. The venture investment arm of the European Innovation Council (EIC), the EIC Fund, also participated in the round. “We believe we are on the brink of a new era in omics research,” said Riccardo Aiese Cigliano, scientific director and co-founder at Sequentia Biotech in a public statement ​, adding that the company’s approach is geared to disrupt the status quo. “Our MICK platform offers a major step forward across multiple health applications, from precision nutrition and wellness, to understanding biological processes and diseases, to creating microbiome-based treatments and therapies.” Omics involve identifying the biological makeup of an organism by reading its genome (genomics), transcriptome (transcriptomics), microbiome (microbiomics), and more. The information produced by these techniques can be used in diagnostics to guide treatments, such as the genetic basis of inherited diseases and personalized treatments for cancer. Sequentia was launched in 2013 and has helped clients around the world including top research institutions, hospitals and public authorities. Its MICK platform is designed to help medical professionals to harness microbiome data to make healthcare more effective. For example, it automatically identifies microorganisms in a sample, highlights potential pathogens and monitors how a patient’s microbiome changes over time. googletag.cmd.push(function () { googletag.display('text-ad1'); }); Sequentia’s other cloud software products include GINO, an assistant to automate the analysis of genomic data; GAIA, which helps users to process metagenomic data to find out what microbial species are in a sample; and AIR, which lets users carry out transcriptomic analyses. The global market for multiomics was valued at $2.35 billion in 2023 ​ and is expected to grow by more than 15% per year to $6.38 billion by 2030. The growth was spurred by the Covid-19 pandemic in 2020 and also benefits from growing traction of the technology in precision medicine and pharmaceutical development. Other startups gunning to cash in on the omics growth in healthcare include the U.S. firm Pleno, which raised $40 million ​ in a Series A round in 2022, and compatriot company Stellaromics, which raised $25 million ​ in a Series A round to propel its spatial multi-omics technology last year. Sequentia is also developing omics techniques to help clients in verticals outside of healthcare including agriculture, food and biofuels. For example, omics can guide users how to protect crops from pathogens and to stimulate the growth of the plants. It can also be deployed in food testing for contamination and geographical tracing.

European Microbiome Innovation for Health and Microbiome Therapeutics Innovation Group Announce New Collaboration Agreement Paris, France, September 23, 2024, 2:00 pm CET - The European Microbiome Innovation for Health (EMIH) association today announced an agreement between the Microbiome Therapeutics Innovation Group (MTIG) and EMIH for a collaboration to advance microbiome drug development, explore synergies between international regulators, and convene cross-continental meetings to incorporate the perspectives of a wide-range of drug developers. This new collaboration will incorporate diverse perspectives with the goal of further accelerating microbiome therapeutic product development to expand availability of life-changing and life-saving regulatory approved microbiome therapies to patients. A main priority of the agreement is to harmonize regulatory frameworks from multiple regions to create a more cohesive approach in seeking the necessary policy and regulatory solutions for the issues faced by MT drug developers. “MTIG’s founding principal is to accelerate patients’ access to innovative microbiome therapeutics through our communal efforts,” said Dr. Nikole Kimes, Chairman of MTIG and CEO of Siolta Therapeutics. “The EMIH represents innovative microbiome companies aligned with this core mission, and we look forward to sharing insights with one another to amplify our collective voice and transform the lives of patients on both sides of the Atlantic.” Hervé Affagard, President of EMIH and CEO and co-founder of MaaT Pharma, stated "As leading associations in the microbiome field, we understand that our strength lies in collaboration. By joining forces with MTIG, we will accelerate the development and delivery of microbiome therapies, ensuring that groundbreaking treatments reach those who need them most, swiftly and safely. This partnership embodies our shared commitment to harmonizing regulatory frameworks, and we look forward to working closely with MTIG." EMIH and its members are dedicated to advancing knowledge and fostering the development of bioproductions, diagnostics, and medical devices based on the microbiome for human health. The organization is committed to ensuring equitable access to these innovations by adhering to regulatory frameworks that uphold the highest quality standards, while maintaining an economic balance to support ongoing therapeutic innovation. All pharmaceutical and biotechnology companies seeking regulatory approvals in Europe for microbiome bioproductions, diagnostics, and medical devices are eligible for membership consideration in EMIH. If you are interested in learning more, please contact EMIH here. About The Microbiome Therapeutics Innovation Group The Microbiome Therapeutics Innovation Group (MTIG) is a coalition of companies leading the research and development of FDA-approved microbiome therapeutics and microbiome-based products to address unmet medical needs, improve clinical outcomes, and reduce health care costs. The human microbiome is one of the new frontiers of medical innovation that has the potential to benefit patients suffering from numerous diseases afflicting millions of patients and consuming billions of dollars of healthcare resources. MTIG is committed to working with stakeholders who share in our mission and seek tangible policy and regulatory solutions in the emerging microbiome arena. Through a collective voice, the MTIG membership works together to enhance the regulatory, investment, and commercial environment to accelerate microbiome therapeutic product development and enable the field to reach its potential to benefit patients. Today, MTIG is comprised of eleven microbiome therapeutics companies: BiomeSense, Biose Industrie, Freya Biosciences, MaaT Pharma, Microba Life Sciences, Rebiotix Inc., a Ferring Company, Seres Therapeutics, Siolta Therapeutics, and Vedanta Biosciences. For more information, visit www.microbiometig.org About European Microbiome Innovation for Health The European Microbiome Innovation for Health (EMIH) is an independent coalition within the European Union, the United Kingdom, and Switzerland, currently comprising 20+ major players from the public and private sectors. From the laboratory to the patient’s bedside, EMIH covers the entire value chain of the microbiome industry. Its goal is to position Europe as a global leader in the development, production, and commercialization of microbiome-based therapeutic innovations. EMIH members include Bioaster, Biocodex, BioGaia, Biofortis, Biose Industrie, Eligo Bioscience, GMT Science, INRAe, Lallemand Health Solutions, Life Avocats, Enosis Santé, EnteroBiotix, Pelican Health, MaaT Pharma, mbiomics, Microbiotica, Microbiome Foundation, MRM Health, Nexbiome, Novobiome, Seventure Partners and SwipeBiome. For more information, please visit www.europeanmicrobiome.org Contact for European Microbiome Innovation for Health Email: p.richaud@europeanmicrobiome.org Attachment EMIH MTIG PR Final_240923

LYON, France--( BUSINESS WIRE )--Regulatory News: MaaT Pharma (EURONEXT: MAAT – the “Company”), a clinical-stage biotechnology company and a leader in the development of Microbiome Ecosystem Therapies TM (MET) dedicated to enhancing survival for patients with cancer through immune modulation, today announced its half year financial results for the six-month period ended June 30, 2024, and provided a business overview. “Building on the positive data for MaaT013 in April 2024 presented at the EBMT Congress, and the success of our recent fundraising, we have dedicated the first half of 2024 to pursuing recruitment and preparing for the topline results of our ongoing Phase 3 clinical trial for MaaT013. This trial is designed to address the urgent unmet medical need of patients with acute graft-versus-host disease not responding to current treatments. Currently, patients requiring third-line treatment options face an 85% mortality rate within one year. Furthermore, by extending our cash runway by an additional quarter, we are well-positioned to deliver on our short-term milestones,” stated Siân Crouzet, Chief Financial Officer of MaaT Pharma. Pipeline Highlights MET-N platform MaaT013 In hemato-oncology: In March 2024 , the Company announced the launch of a retrospective multicenter trial called CHRONOS in Europe. Its primary objective is to provide the Company efficacy data for 3rd-line therapies for aGvHD patients not receiving MaaT013 or any microbiome intervention. This retrospective study does not impact cash projections as funding is already secured. In April 2024 , at the 50th Annual Meeting of the European Society for Blood and Marrow Transplantation (EBMT), the Company presented promising extended survival data from the Early Access Program in Europe, involving 140 patients with steroid-refractory (SR) or steroid-dependent (SD) acute graft-versus-host disease with gastrointestinal involvement (GI-aGvHD) treated with MaaT013. Data highlighted a high response rate (Complete Response and Very Good Partial Response) to MaaT013, demonstrating a clear reduction in disease burden and improved Overall Survival (OS) at 18 months compared to published data. In immuno-oncology: In March 2024 , the Company informed on the completion of patient recruitment for the Phase 2a randomized clinical trial (NCT04988841) (PICASSO) sponsored by AP-HP and in collaboration with INRAE and Institut Gustave Roussy, evaluating MaaT013 in combination with immune checkpoint inhibitors (ICI), ipilimumab (Yervoy ® ) and nivolumab (Opdivo ® ), in metastatic melanoma patients. A total of 70 patients have been enrolled since April 2022. The Company provided its MaaT013 drug candidate and placebo and will contribute to the microbiome profiling of patients using its proprietary gutPrint ® AI research engine. As previously announced, data readout is expected in Q4 2024/Q1 2025. MaaT033 In hemato-oncology: In May 2024 , the Company announced its participation in the IMMUNOLIFE RHU program, a consortium including academic partners, such as Institut Gustave Roussy (IGR), a world-renowned center in the field of cancer treatment, and biotech companies. MaaT033, an oral, pooled fecal microbiotherapy, developed by MaaT Pharma will be tested as a concomitant treatment to cemiplimab (Regeneron), an anti-PD1 therapy, to assess the potential increase in response rate in patients having received antibiotics. This randomized multicenter Phase 2 clinical trial will include advanced non-small cell lung cancer (NSCLC) patients. The related costs for MaaT Pharma are limited to clinical product supply in line with previous cash projections. The trial is expected to start in H1 2025. As a post-period event, in July 2024 , the Company announced first DSMB positive review of the Phase 2b trial PHOEBUS and recommended continuation of the trial without modification. The DSMB concluded that the safety profile was acceptable and the treatment well-tolerated. The trial is an international, multi-center, randomized, double-blind, testing MaaT033, in patient receiving HSCT, an oral freeze-dried formulation against placebo, set to be conducted in up to 56 clinical investigation sites and is expected to enroll 387 patients ( NCT05762211 ). Recruitment for PHOEBUS trial is ongoing in France, Germany, Spain, and Belgium, with the trial already approved in the Netherlands and the United Kingdom. Upcoming milestones include a second safety assessment by the DSMB expected in early Q1 2025. The interim analysis following the recruitment of 60 patients, is expected in H1 2025, instead of H2 2024. This slight delay is due to the strategic option taken by the Company’s management in early 2024 to prioritize resources for the Phase 3 ARES trial and open new trial sites in countries outside France and Germany in a more sedate manner than originally planned. In neurodegenerative diseases: In February 2024 , the Company announced a positive review by the DSMB on the Phase 1 clinical trial (IASO) evaluating MaaT033 in Amyotrophic Lateral Sclerosis (ALS) for the first 8 patients. The DSMB recommended that the trial proceed without modification. In May 2024 , the Company announced the completion of patient recruitment for IASO. MET-C platform MaaT034 In combination with immune checkpoint inhibitors in solid tumors In April 2024 , the Company presented new in vitro data characterizing the metabolites produced by MaaT034 and their impact on immune modulation at the American Association for Cancer Research (AACR) Annual Meeting 2024 in San Diego, California. MaaT034, the first product from MaaT Pharma’s MET-C platform, is a ground-breaking full ecosystem synthetic microbiota product being developed for patients with solid tumors to improve responses to immunotherapy in combination with an ICI treatment, which represents a potentially large market. In today’s challenging economic environment, the Company has prioritized resources to focus on MaaT013, specifically preparing marketing authorization activities in Europe and the upcoming Phase 3 topline results in Europe. This approach aimed at optimizing both short-term validation and clinical validation, has resulted in a deferral of activities related to MaaT034. Thus, clinical activities for MaaT034 are now expected to begin in 2026 and not 2025, as previously announced. Corporate updates In March 2024 , the Company announced the appointment of Jonathan Chriqui, PharmD, as Chief Business Officer and member of the executive management team. Jonathan Chriqui will be responsible for MaaT Pharma’s business development and partnering strategies. In May 2024 , the Company announced the successful completion of its offering of 18.2 million euros. The net proceeds from the Primary Offering were €17.3 million. In May 2024 , the Company announced the production of MaaT013 batches for clinical supply in the US, while advancing the readiness phase to initiate clinical activities. This includes ongoing discussions with prominent US clinicians in stem cell transplantation. In June 2024 , the Company announced the appointment of Gianfranco Pittari, M.D., Ph.D., as Chief Medical Officer. Dr. Pittari brings over 15 years of international experience in clinical research and drug development in hematology, oncology, and immunology. The Company also welcomed Carole Ifi, as head of Regulatory Affairs. Former Senior director, global regulatory lead at UCB, Carole Ifi brings over 25 years of expertise in regulatory affairs and will be instrumental in leading MaaT013 submission. Key Financial Results The key unaudited financial results for the first half of 2024 are as follows: Income Statement In thousands of euros 2024.06 2023.06 Revenue 1 721 1 378 Cost of Goods Sold (537) (284) Gross Margin 1 184 1 095 Other Income 1 935 2 659 Sales and distribution costs (308) (541) General and administrative costs (2 872) (2 097) Research and development costs (12 695) (9 650) Operating Income (loss) (12 756) (8 534) Financial Income 161 258 Financial Expense (262) (159) Net financial income (expense) (101) 99 Income (loss) before income tax (12 856) (8 435) Income tax expense - - Net Income (loss) for the period (12 856) (8 435) Prepared in accordance with international standards, IFRS Revenues totaled €1.7 million as of June 30, 2024, compared with €1.4 million on June 30, 2023, an uplift almost 25%%. While these figures reflect the continued increase in demand from healthcare professionals in France (where invoicing is possible), we confirm an increased uptake in other European countries. Operating loss amounted to €12.8 million in the first half of 2024 compared with €8.5 million in the first half of 2023, an increase of €4.3 million. This increase reflects primarily the growth of research and development costs which have risen from €9.7 million in the first half of 2023 to €12.7 million in 2024, consistent with the advancement of the Company’s research programs, in particular the late-stage clinical programs for MaaT013 and MaaT033. Other Income, including the R&D tax credit of €1.6 million decreased by €0.7 million in 2024 principally due to public funding received over the first half of 2024 offsetting expenses eligible for the R&D tax credit. The net loss amounts to €12.9 million as of June 30, 2024, compared with €8.4 million as of June 30, 2023, reflecting the advancement of the Company’s late-stage assets and increased investment in R&D. The average number of employees has increased from 47 over the first half of 2023 to 50 for the same period of 2024. As of June 30, 2024, there were 54 employees, of which 43 were dedicated to research and development. Cash Position As of June 30, 2024, total cash and cash equivalents were €31.2 million, as compared to €24.3 million as of December 31, 2023. Over the first half of 2024, the net increase in cash position amounted to €6.9 million compared with the decrease by €0.2 million in the first half of 2023. This is driven by cash used to finance operations of €12.6 million in line with the increase in operating expenses, particularly for R&D and to a lesser extent G&A, offset by cash inflows related to financing activities of €19.5 million. Net cash inflows from financing activities include the share capital increase of €17.2 million in May 2024, financing of the 2023 R&D tax credit for a total of €3.5 million, receipt of lump sums from public reimbursable loans in connection with development of MaaT033 and MaaT034 for an amount of €2.7million, offset by loan repayments totaling €1.8 million. Total financial debt (including lease liabilities) totaled €17.2 million as of June 30, 2024, of which €3.5 million relates to financing of 2023 R&D Tax Credit. Based on the development plans and corresponding cash needs, the Company believes it has sufficient cash to finance its activities into the second quarter of 2025, extending the cash runway by at least three months compared to prior communications as a result of prioritization and focusing resources on the delivery of the Phase 3 topline results for MaaT013 in aGvHD that is expected in mid-Q4 2024, deferral of certain industrialization activities related to MaaT034, and stability of headcount. The Company is in active ongoing discussions to finance operations beyond the second quarter of 2025 and remains confident in extending its cash runway. The Company has updated its corporate presentation, which can be downloaded here: https://www.maatpharma.com/investors/ Upcoming financial communication and conferences * September 24, 2024: Lyon Pole Bourse Forum September 26, 2024: KBC Securities' Life Sciences Conference October 8-9, 2024: Portzamparc Conference October 15-16, 2924: Investor Access Event November 4-6, 2024: Bio-Europe November 5, 2024: Publication of revenues for Q3 2024 *Indicative calendar that may be subject to change. About MaaT Pharma MaaT Pharma, a clinical stage biotechnology company, has established a complete approach to restoring patient-microbiome symbiosis in oncology. Committed to treating cancer and graft-versus-host disease (GvHD), a serious complication of allogeneic stem cell transplantation, MaaT Pharma launched, in March 2022, an open-label, single arm, phase 3 clinical trial in patients with acute GvHD (aGvHD), following the achievement of its proof of concept in a phase 2 trial. Its powerful discovery and analysis platform, gutPrint®, enables the identification of novel disease targets, evaluation of drug candidates, and identification of biomarkers for microbiome-related conditions. The company’s Microbiome Ecosystem Therapies are produced through a standardized cGMP manufacturing and quality control process to safely deliver the full diversity of the microbiome, in liquid and oral formulations. MaaT Pharma benefits from the commitment of world-leading scientists and established relationships with regulators to support the integration of the use of microbiome therapies in clinical practice. MaaT Pharma is listed on Euronext Paris (ticker: MAAT). Forward-looking Statements All statements other than statements of historical fact included in this press release about future events are subject to (i) change without notice and (ii) factors beyond the Company’s control. These statements may include, without limitation, any statements preceded by, followed by, or including words such as “target,” “believe,” “expect,” “aim”, “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Forward-looking statements are subject to inherent risks and uncertainties beyond the Company’s control that could cause the Company’s actual results or performance to be materially different from the expected results or performance expressed or implied by such forward-looking statements.