Ascletis Opens Clinical Development Shanghai Center

HANGZHOUandSHAOXING,China,Aug. 12,2019 -- Ascletis Pharma Inc. (1672.HK),an innovative R&D driven,commercial-stage biotechnology company addressing unmet medical needs in therapeutic areas including anti-viral,cancer and fatty liver diseases,announces today the opening of its Clinical Development Shanghai Center,signalling the further expansion of R&D capability,especially in Oncology and Non-alcoholic steatohepatitis (NASH).

Ascletis' Clinical Development Shanghai Center is at the heart of Shanghai,located at Jing'an Kerry Centre near Nanjing West Road. The opening ceremony was held on Aug 11,2019 in conjunction with Hepatitis and NASH Drug Research and Development Forum. Academician Chen Kaixian and Academician Jiang Hualiang,both from Shanghai Institute of Materia Medica,Chinese Academy of Sciences,and Wang Lei,Executive Vice President of AstraZeneca attended the forum. Leading physicians from Shanghai also attended the forum,including Professors Weng Xinhua,Lu Hongzhou,Zhang Wenhong,Chen liang.

"As an innovative R&D driven biotech with two commercial products (Ganovo® and Pegasys®),we have successfully attracted talents of clinical development," saidJinzi J. Wu,PhD,Founder,Chairman and CEO. "With the opening of Clinical Development Shanghai Center,we continue to expand our clinical development for three core therapeutic areas: anti-viral,oncology and NASH. Strategic location of the Shanghai Center will help us attract more talents in the Shanghai region and beyond."

Dr. Wu continues,"As we invest more effort in the first-in-class drug development,we want to welcome talents to join us from multi-national companies and innovative biotechs on a global basis. Developing first-in-class medicines is key for China-based innovative biotechs to compete at global level."

About Ascletis

Ascletis is an innovative R&D driven biotech with two commercial products and listed on Hong Kong Stock Exchange (Ascletis,1672.HK). Ascletis' mission is to address unmet medical needs in three therapeutic areas: viral,cancer and fatty liver diseases. Led by a management team with deep expertise and a proven track record,Ascletis has developed a fully integrated platform covering the entire value chain from discovery and development to manufacturing and commercialization. Ascletis is now commercializing two drugs,Ganovo® (Danoprevir),the first direct-acting anti-viral agent for hepatitis C developed domestically for China,and Pegasys® (Peginterferon alfa-2a),a well-established pegylated interferon for hepatitis B&C partnered with Roche. Ascletis' R&D pipeline consists of antibody-based immunotherapy,first/best-in-class small molecules and siRNA at various clinical development stages. For more information,please visit www.ascletis.com.