France - Adocia (Euronext Paris: FR0011184241 - ADOC) (Paris: ADOC), a clinical-stage biopharmaceutical company focused on the research and development of innovative therapeutic solutions for the treatment of diabetes and other metabolic diseases, announces today its financial results for the six months ended June 30th, 2022.

Half-year consolidated financial statements, expressed according to IFRS guidelines, underwent limited review by the statutory auditors and subsequently have been approved at the Board of Director's meeting held on September 16th, 2022.

'We are pleased with the progress of our programs and in particular the launch of our Phase 3 clinical trials on BC Lispro with our partner Tonghua Dongbao. We expect to receive additional development milestone payments of up to $30 million. Regarding the 2nd project partnered with Tonghua Dongbao, the 3 studies initiated on BC Combo are expected to be the last step before entering Phase 3 and the upcoming development milestone payments amount to $50 million. Finally, we are very pleased with the remarkable results achieved with M1Pram and AdoShell. With M1Pram, we would be the first to offer obese people with type 1 diabetes to lose weight while maintaining an effective insulin therapy. As for AdoShell Islets, we are working to achieve the grail for the type 1 diabetic patient by offering a donor cell transplantation without resorting to immunosuppressive treatment,' commented Gerard Soula, Chairman and CEO of Adocia.

About Adocia

Adocia is a biotechnology company specializing in the discovery and development of therapeutic solutions in the field of metabolic diseases, primarily diabetes and obesity. The company has a broad portfolio of drug candidates based on three proprietary technology platforms: 1) The BioChaperone technology for the development of new generation insulins and products combining insulins with other classes of hormones; 2) AdOral, an oral peptide delivery technology; 3) AdoShell, an immunoprotective biomaterial for cell transplantation with a first application in pancreatic cells transplantation for patients with 'brittle' diabetes.

Adocia holds more than 25 patent families.

Based in Lyon, the company has approximately 115 employees. Adocia is listed on the EuronextTM Paris market (Euronext: ADOC; ISIN: FR0011184241).

Disclaimer

This press release contains certain forward-looking statements concerning Adocia and its business. Such forward-looking statements are based on assumptions that Adocia considers as being reasonable. However, there can be no guarantee that the estimates contained in such forward-looking statements will be achieved, as such estimates are subject to numerous risks including those which are set forth in the 'Risk Factors' section of the universal registration document that was filed with the French Autorite des marches financiers on April 21, 2022 (a copy of which is available at www.adocia.com, in particular uncertainties that are linked to research and development, future clinical data, analyses, and the evolution of the economic context, the financial markets and the markets in which Adocia operates.

The forward-looking statements contained in this press release are also subject to risks not yet known to Adocia or not considered as material by Adocia as of this day. The occurrence of all or part of such risks could cause that actual results, financial conditions, performances, or achievements of Adocia be materially different from those mentioned in the forward-looking statements.

Contact:

Gerard Soula

Tel: +33 (0)4 72 610 610

Email: contactinvestisseurs@adocia.com

Web: www.adocia.com

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