Representative of both companies at AGC Pharma Chemicals R&D facilities in Malgrat de Mar (Barcelona)

BARCELONA, 16^th July 2024.- AGC Pharma Chemicals, an international Contract Development and Manufacturing Organisation (CDMO) company based in Spain (Barcelona, Malgrat de Mar) and Japan that manufactures active pharmaceutical ingredients (APIs) and intermediates, and AbilityPharma, a pioneering biotech company based in Catalonia, have announced a strategic collaboration for the development of an API for the treatment of pancreatic cancer, ABTL0812, currently in clinical trials.

AGC Pharma Chemicals brings extensive experience and resources to the project. As a CDMO, it has demonstrated its capabilities in familiarisation, process optimisation and scale-up to develop and produce this API from the clinical phase to its commercialisation stage. Pioneers in scaling up processes in the production of APIs for drugs from grams to tonnes, AGC Pharma Chemicals will use its Kilo lab and GMP production line for this project, ensuring the highest quality standards necessary.

ABTL0812 represents a significant advance in the treatment of pancreatic cancer, an orphan disease in urgent need of effective therapies. The product enhances the effects of several types of chemotherapy without increasing toxicity and has shown promising results in clinical trials, including an increased overall response rate and progression-free survival. The collaboration with AGC Pharma Chemicals will enable AbilityPharma to advance the implementation of this innovative therapy from the laboratory to patients around the world.

AbilityPharma, with a focus on such innovative oncology therapies, recognises the potential of this collaboration. AGC has high pharmaceutical standards, demonstrated in the results of quality inspections (more than 20 years with no FDA 483 observations, no critical or major findings), which is a valuable asset for the ABTL0812 project. In addition, AGC Pharma Chemicals' award-winning efforts in sustainability, recognised with the EcoVadis Platinum rating, align with AbilityPharma's commitment to responsible practices in drug development.

AGC Pharma Chemicals' support goes beyond manufacturing. The company will provide comprehensive regulatory affairs assistance to manage the complex regulatory landscape associated with drug development and approval.

About AGC Pharma Chemicals

AGC Pharma Chemicals, based in Spain and Japan, responds to strong industry demand by focusing on its mission: to improve people's lives through the highest quality products. The company is an innovative Contract Development and Manufacturing Organisation (CDMO) serving the global pharmaceutical sector by providing APIs and small molecule intermediates.

AGC Pharma Chemicals has experienced solid business growth and financial stability as part of the AGC Group, formerly known as Asahi Glass Company. The AGC Group is a global business conglomerate with over 190 companies, more than 56,700 employees and a presence in over 30 countries, with net sales of EUR 13,286 million (JPY152 = €1) during 2023.

About Ability Pharmaceuticals

AbilityPharma is a Catalan biotech company with a product called ABTL0812, currently in phase 2b clinical trials. Its focus is on improving the future of oncology by developing innovative therapies that address unmet medical needs. AbilityPharma is headquartered in

AbilityPharma is located in the Parc Tecnològic del Vallès (Cerdanyola del Vallès, Barcelona, Catalonia, Spain). Its current shareholders include the founders, private investors, Inveready, Fitalent, Innvierte (CDTI), SODENA, the EIC Fund and SciClone Pharmaceuticals. It also has the financial backing of ACCIO (Government of Catalonia), CDTI, ICO, ENISA, the Ministry of Science and Innovation (Government of Spain) and the European Commission (H2020 programme, European Innovation Council).

For media requests, please contact:

AGC Pharma Chemicals – Guillermina Riva: guillermina.riva@agc.com

AbilityPharma – Gemma Escarré Comms: info@gemmaescarre.com