AC Immune's ACI-24.060 Anti-Amyloid Beta Vaccine for Alzheimer's Shows Positive Initial Interim Safety and Immunogenicity in Phase 1b/2 ABATE Trial ACI-24.060 elicited an anti-Abeta antibody response in ABA

AC Immune's ACI-24.060 Anti-Amyloid Beta

Vaccine for Alzheimer's Shows Positive Initial Interim Safety and Immunogenicity in Phase 1b/2 ABATE Trial

Lausanne, Switzerland, January 26, 2023

- AC Immune SA (NASDAQ: ACIU), a clinical-stage biopharmaceutical company pioneering precision medicine for neurodegenerative diseases,

today announced the first interim safety, tolerability and immunogenicity findings from the Phase 1b/2 ABATE trial of its anti-amyloid-beta

(Abeta) vaccine ACI-24.060 in patients with prodromal Alzheimer's disease (AD). ABATE will now be expanded, as planned, to include

individuals with Down syndrome (DS) and to evaluate higher doses in Alzheimer's patients.

Targeting Abeta using antibodies has recently been

validated with FDA approvals of new monoclonal antibody treatments for patients with AD. By eliciting polyclonal anti-Abeta antibodies,

the ACI-24.060 anti-Abeta vaccine development program aims to ultimately deliver significant benefits to patients, their caregivers, and

healthcare systems in terms of potential safety and tolerability, low frequency dosing, low overall costs and durable responses.

Early results from the first cohort of AD patients

in ABATE showed that low dose ACI-24.060 could elicit an anti-Abeta antibody response as soon as week 6 (2 weeks after the second injection).

The data show that ACI-24.060 vaccination has been safe and well tolerated to date. As a result, dosing in ABATE's second, higher

dose AD cohort has now begun and the trial is cleared to begin screening individuals with DS for part 2 of the study.

Dr. Andrea Pfeifer, CEO of AC Immune

SA, commented: "We are delighted with the encouraging initial safety and immunogenicity findings for ACI-24.060 in ABATE reported

today. We believe ACI-24.060's successful development could provide patients with a novel therapeutic option offering numerous potential

advantages in treatment, maintenance, and prevention settings. These early findings from ABATE represent an important step towards this

goal, and we look forward to reporting more detailed data at a future conference."

Dr. Johannes Streffer, CMO of AC Immune

SA, commented: "ABATE's innovative design includes interim Abeta PET imaging analyses that can be benchmarked against

the levels of plaque clearance achieved with clinically-validated monoclonal antibodies. This will provide an opportunity for early de-risking

of ACI-24.060 and potentially a rapid transition to a pivotal program. Moreover, the inclusion of cohorts of participants with DS in the

trial positions us to potentially address the needs of a vastly underserved vulnerable population, virtually all of whom will develop

amyloid plaques and AD. While looking forward to the trial's continued advancement and upcoming data readouts, I want to thank the

participants and investigators for their participation and support."

About the Phase 1b/2

ABATE Study (ClinicalTrials.gov Identifier: NCT05462106)

study is a Phase 1b/2, multicenter, adaptive, double-blind, randomized, placebo-controlled study to assess the safety, tolerability, immunogenicity,

and pharmacodynamic effects of ACI-24.060 in subjects with prodromal Alzheimer's disease and in adults with Down syndrome. All participants

in the trial must have brain Abeta pathology confirmed by a positron emission tomography (PET) scan. The trial begins with a dose escalation

phase in AD patients, during which various doses/dosing regimens may be evaluated, and also includes individuals with DS.

ACI-24.060, derived from

AC Immune's SupraAntigen platform, has been shown in preclinical studies to induce a strong polyclonal antibody

response that matures and is maintained against both oligomeric and pyroglutamate-Abeta species, key pathological forms of Abeta believed

to drive Abeta plaque formation and disease progression. ACI-24.060 is designed to enhance the formation of broad-spectrum protective

antibodies with the same safety and tolerability previously demonstrated in the ACI-24 program in Phase 1 and 2 trials. This investigational

candidate has the potential to efficiently inhibit plaque formation and increase plaque clearance, and thereby may reduce or prevent disease

AC Immune SA is a clinical-stage biopharmaceutical

company that aims to become a global leader in precision medicine for neurodegenerative diseases, including Alzheimer's disease,

Parkinson's disease, and NeuroOrphan indications driven by misfolded proteins. The Company's two clinically validated technology

platforms, SupraAntigen and Morphomer , fuel its broad and diversified pipeline of first- and best-in-class

assets, which currently features ten therapeutic and three diagnostic candidates, five of which are currently in Phase 2 clinical trials

and one of which is in Phase 3. AC Immune has a strong track record of securing strategic partnerships with leading global pharmaceutical

companies including Genentech, a member of the Roche Group, Eli Lilly and Company, and others, resulting in substantial non-dilutive

funding to advance its proprietary programs and >$3 billion in potential milestone payments.

SupraAntigen is a registered

trademark of AC Immune SA in the following territories: AU, EU, CH, GB, JP, RU, SG and USA. Morphomer is

a registered trademark of AC Immune SA in CN, CH, GB, JP, KR, NO and RU.

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