PharmAbcine to Participate in ACCESS CHINA Biotech Forum

DAEJEON,South Korea,Sept. 13,2021 -- PharmAbcine Inc. (KOSDAQ: 208340ks),a clinical-stage biotech company focusing on the development of next generation antibody therapeutics,announced today that the Company will virtually participate in ACCESS CHINA Biotech Forum. The event will take place from September 23 – September 30,2021.

ACCESS CHINA Biotech Forum is one of the largest corporate access events in China. It provides opportunities for business development,licensing deals,or commercial collaborations to global biopharmas. In the past event,more than 300 global companies that focus on oncology,cardiology,ophthalmology,orthopedics,pediatrics,and gastroenterology areas have participated to enter or expand their products in the Chinese market. For more information,please visit https://biotochina.org/access-china-forum/

During the event,PharmAbcine's pre-recorded presentation video will be made available to Chinese pharmas or biotechs that are looking to enrich their pipeline through in-licensing deals. In the presentation video,the Company will introduce its core technology and update the R&D progress ofthe main pipelines such as olinvacimab,PMC-403,and PMC-309.

Olinvacimab,an anti-VEGFR2 (Vascular Endothelial Growth Factor Receptor 2) fully human antibody,is the Company's leading pipeline and is undergoing multiple global clinical trials. In early September 2021,PharmAbcine initiated a Phase II olinvacimab and pembrolizumab combo study for the treatment of mTNBC (metastatic Triple-Negative Breast Cancer) in Australia. Also,a Phase II olinvacimab mono study forbevacizumab-nonresponding rGBM (recurrent glioblastomamultiforme) patients at multiple sites in both US andAustralia and two Phase Ib olinvacimab and pembrolizumab combo trials in mTNBC and rGBM in Australia are still ongoing.

PMC-403 is a novel TIE2-activating fully human antibody designed to stabilize and repair damaged blood vessels in a variety of diseases. PMC-403 is currently in development for treating AMD (Age-related Macular Degeneration),DME (Diabetic Macular Edema),and DR (Diabetic Retinopathy) which are common abnormal vascular-related eye diseases. The Company expects PMC-403 to enter global clinical trials for both ophthalmology and oncology in 2022.

PMC-309 is a novel anti-VISTA (V-domain Ig Suppressor of T cell Activation) antagonizing antibody in development for the treatment of various tumor types. VISTA plays a pivotal role in maintaining the immunosuppressive environment around the tumor cells and is expressed primarily on MDSC (Myeloid-Derived Suppressor Cells) and Tregs (regulatory T cells). Blocking VISTA pathways activates T cells' immune responses and leads to better anti-tumor effects. PMC-309 is expected to enter a global clinical trial in 2022.

About PharmAbcine Inc.

PharmAbcine is a clinical-stage biotech company focusing on the development of fully human antibody therapeutics to treat neovascular disorders,tumors,and other medically unmet diseases. It provides therapeutic antibodies for a wide spectrum of indications from oncology,immuno-oncology,pulmonology,to renal pathology.

PharmAbcine has its own HuPhage library and innovative selection system. PharmAbcine's advanced 3G expression system accommodates high levels of antibody production and steady reproducibility. With these cutting-edge technology platforms,it provides state-of-the art antibody generation services.

PharmAbcine also has unique knowhow in the area of the antibody production,early drug development,and clinical development.

For additional information about PharmAbcine,visit http://www.pharmabcine.comor follow us on Youtubeand Linkedin.

For licensing deals,co-development,and collaboration in research or antibody discovery inquiries,please contact:

Business Development Team

E-mail: bd@pharmabcine.com

Office line: +82 70 4279 5100

For investor relations and public relations inquiries,please contact:

IR/PR Team

Paul Kim,Chief Financial Officer

E-mail: paul.kim@pharmabcine.com

Office line: +82 70 4270 2632

Sungjun Park,Associate

E-mail: sungjun.park@pharmabcine.com

Office line: +82 70 4270 2637

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