Akari Therapeutics Announces New Data with Nomacopan from its Surface of the Eye Program Nomacopan eyedrops reduced inflammation more than both standard treatments cyclosporin and the steroid dexamethasone in a model of

Therapeutics Announces New Data with Nomacopan from its Surface of the Eye Program

YORK and LONDON, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Akari Therapeutics, Plc (Nasdaq: AKTX), a late-stage biopharmaceutical company focused

on innovative therapeutics to treat orphan autoimmune and inflammatory diseases where complement (C5) and/or leukotriene (LTB4) systems

are implicated, today announces data highlighting the potential of nomacopan in the surface of the eye in Allergy, European Journal

of Allergy and Clinical Immunology.

article in Allergy, in which some of the data has been published, is available on the Akari corporate website at www.akaritx.com and

at https://onlinelibrary.wiley.com/doi/10.1111/all.15128.

Virginia Calder, University College of London (UCL), Institute of Ophthalmology and study author, commented, "This new data supports

a clear role for leukotriene LTB4 and complement C5 in the inflammatory pathways that drive allergic eye disease and points to nomacopan

eyedrops as a potentially exciting new surface of the eye treatment option. Current treatments such as steroids are limited by side effects,

variable efficacy and patient comfort. The role of nomacopan in reducing specific inflammatory mediators that can be detected in tear

fluid as biomarkers is an exciting and novel feature and opens up the potential for patient targeted treatment management."

article in Allergy summarizes a large body of work undertaken with University College of London and Moorfields Eye Hospital.

The underlying work demonstrates a clear dose response effect for nomacopan. The optimal dose of nomacopan showed a greater reduction

in inflammation score than cyclosporin and dexamethasone compared to control at day 10 (79% [nomacopan], 41% [cyclosporin], and 73% [dexamethasone])

in an experimental allergic eye disease model.

improvement in inflammation seen with nomacopan in this model is likely to be in part a consequence of the increased suppression of pro-inflammatory

T helper 2 (Th2), Th9 cells and cytokine IL-9 by nomacopan in comparison to cyclosporin and dexamethasone. In surface of the eye diseases,

Th2 cells are recognized as the main mediators of allergic responses although other inflammatory mediators are often also involved.

model shares many features with vernal keratoconjunctivitis (VKC), a difficult to treat keratinizing eye disease like AKC. Tear fluid

and tissue samples of VKC patients were analyzed and patients with the active disease had a similar biomarker profile to that seen in

the allergy model with raised Th cells and IL-9 as well as increased expression of C5a and BLT1 (LTB4) receptors in infiltrating cells.

data complements Akari's Phase I/II study in severe AKC patients where nomacopan was comfortable and well tolerated (Sanchez-Tabernero

et al 2021) and where Akari is exploring further patient targeted work in keratinizing and dry eye diseases.

is now collaborating on a topical mucous membrane pemphigoid (MMP) program. Over half of MMP patients have a type of disease that affects

the surface of the eye for which there are no approved treatments. MMP shares a similar pathology with bullous pemphigoid where Akari

has initiated a Phase III study with nomacopan.

Richardson, Chief Executive Officer of Akari, commented, "The new surface of the eye data is an important step forward in our program

and highlights the potential benefits of nomacopan's differentiated bi-specific mode of action. Taken together with prior data

this collectively points to the more severe form of these diseases as important clinical targets for nomacopan within the $6bn+ surface

is a biopharmaceutical company focused on developing inhibitors of acute and chronic inflammation, specifically for the treatment of

rare and orphan diseases, in particular those where the complement (C5) or leukotriene (LTB4) systems, or both complement and leukotrienes

together, play a primary role in disease progression. Akari's lead drug candidate, Nomacopan (formerly known as Coversin), is a C5 complement

inhibitor that also independently and specifically inhibits leukotriene B4 (LTB4) activity. Nomacopan is currently being clinically evaluated

in four areas: bullous pemphigoid (BP), thrombotic microangiopathy (TMA), as well as programs in the eye and lung.

Note Regarding Forward-Looking Statements

Certain statements in this

press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act

of 1995, regarding, among other things, statements related to the offering of securities described herein, the expected gross proceeds,

and the expected closing of the offering. These forward-looking statements reflect our current views about our plans, intentions, expectations,

strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe

that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are

reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore,

actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks

and factors that are beyond our control. Such risks and uncertainties for our company include, but are not limited to: needs for additional

capital to fund our operations, our ability to continue as a going concern; uncertainties of cash flows and inability to meet working

capital needs; an inability or delay in obtaining required regulatory approvals for Nomacopan and any other product candidates, which

may result in unexpected cost expenditures; our ability to obtain orphan drug designation in additional indications; risks inherent in

drug development in general; uncertainties in obtaining successful clinical results for Nomacopan and any other product candidates and

unexpected costs that may result therefrom; difficulties enrolling patients in our clinical trials; our ability to enter into collaborative,

licensing, and other commercial relationships and on terms commercially reasonable to us; failure to realize any value of Nomacopan and

any other product candidates developed and being developed in light of inherent risks and difficulties involved in successfully bringing

product candidates to market; inability to develop new product candidates and support existing product candidates; the approval by the

U.S. Food and Drug Administration (FDA) and European Medicines Agency (EMA) and any other similar foreign regulatory authorities of other

competing or superior products brought to market; risks resulting from unforeseen side effects; risk that the market for Nomacopan may

not be as large as expected; risks associated with the impact of the COVID-19 pandemic; inability to obtain, maintain and enforce patents

and other intellectual property rights or the unexpected costs associated with such enforcement or litigation; inability to obtain and

maintain commercial manufacturing arrangements with third party manufacturers or establish commercial scale manufacturing capabilities;

the inability to timely source adequate supply of our active pharmaceutical ingredients from third party manufacturers on whom the company

depends; unexpected cost increases and pricing pressures and risks and other risk factors detailed in our public filings with the Securities

and Exchange Commission (SEC), including our most recently filed Annual Report on Form 20-F filed with the SEC. Except as otherwise noted,

these forward-looking statements speak only as of the date of this press release and we undertake no obligation to update or revise any

of these statements to reflect events or circumstances occurring after this press release. We caution investors not to place considerable

reliance on the forward-looking statements contained in this press release.

For more information

Sukaina Virji/ / Ashley Tapp

Consilium Strategic Communications