PRESS RELEASE

December 19, 2016

Saniona, a leading biotech company in the field of ion channels, today announces that it expects to provide topline data in early January 2017 from its Phase 2a study for Tesomet in patients with type 2 diabetes.

"The study has progressed as planned. This Phase 2a study was initiated on April 20 and already by August 8 we could report that the last patient was enrolled. The study comprises a total of 60 patients. We are pleased to inform that 58 patients have completed the study successfully. We have now locked the database and the independent statisticians will be analysing the results during the next few weeks. Therefore, we expect to report topline data prior to the JP Morgan conference on January 9-11, 2017, where the entire healthcare industry is gathered. This is ideal timing for Saniona," says Jørgen Drejer, CEO at Saniona.

For more information, please contact

Thomas Feldthus, EVP and CFO, Saniona, Mobile: +45 2210 9957, E-mail: tf@saniona.com

This information is information that Saniona (publ) 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, at 08:00 CET on December 19, 2016.

About Saniona

Saniona is a research and development company focused on drugs for diseases of the central nervous system, autoimmune diseases, metabolic diseases and treatment of pain. The company has a significant portfolio of potential drug candidates at pre-clinical and clinical stage. The research is focused on ion channels, which makes up a unique protein class that enables and controls the passage of charged ions across cell membranes. Saniona has ongoing collaboration agreements with Boehringer Ingelheim GmbH, Upsher-Smith Laboratories, Inc., Productos Medix, S.A de S.V and Saniona`s Boston based spinout Ataxion Inc., which is financed by Atlas Venture Inc. and Biogen Inc. Saniona is based in Copenhagen, Denmark, where it has a research center of high international standard. Saniona is listed at Nasdaq First North Premier and has about 4,600 shareholders. Pareto Securities is Certified Advisor for Saniona. The company`s share is traded under the ticker SANION. Read more at www.saniona.com.

20161219 - PR - Tesomet Phase 2a update - UK

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Saniona AB via GlobeNewswire
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