Full Press Release Details
Longeveron Granted Orphan
Drug Designation by FDA for Lomecel-B to Treat Infants with Hypoplastic Left Heart Syndrome (HLHS)
Miami, Florida-December 6, 2021-
Longeveron Inc. (NASDAQ: LGVN) ("Longeveron" or "Company"), a clinical stage biotechnology company developing
cellular therapies for chronic aging-related and certain life-threatening conditions, announced today that the U.S. Food and Drug Administration
(FDA) has granted Orphan Drug Designation (ODD) for Lomecel-B for the treatment of Hypoplastic Left Heart Syndrome (HLHS), a rare and
life-threatening congenital heart defect in infants.
ODD is intended to assist and encourage companies
to develop safe and effective therapies for the treatment of rare diseases or conditions. ODD positions Longeveron to be able to potentially
leverage a range of financial and regulatory benefits, including government grants for conducting clinical trials, waiver of FDA user
fees for the potential submission of a marketing application, and certain tax credits.
Receiving ODD may also result in the product receiving seven years market exclusivity upon approval for use in the rare disease
or condition for which the product was designated if all of the statutory and regulatory requirements are met.
"Adding to the Rare Pediatric Disease (RPD)
designation already granted to Lomecel-B for treatment of HLHS, the FDA's decision to grant ODD to Lomecel-B for this indication
indicates the ongoing and unmet need for new therapies to treat infants with HLHS," said Geoff Green, Chief Executive Officer at
Longeveron. "Building on results from our completed Phase 1 safety-focused trial, we believe Lomecel-B has potential to improve
outcomes for these severely impacted infants by way of repairing cardiac tissue and improving ventricular function. The combination of
both RPD and ODD allows us to potentially move more efficiently through clinical development and regulatory review, and Lomecel-B may
be eligible for a period of marketing exclusivity upon approval for this indication."
Approximately 1,000 babies are born with HLHS
each year in the U.S. HLHS babies have an underdeveloped left ventricle, which impairs the heart's ability to pump blood throughout
the body. HLHS is often fatal without surgical intervention, in which three surgical procedures are performed over the period of about
5 years, to allow the right ventricle to be configured to pump blood to the body. Longeveron is evaluating the safety of Lomecel-B injection
into the right ventricle during the second surgery (4 - 6 months of age), and the effect on cardiac function and other health status
endpoints. Longeveron recently reported clinical results from its safety-focused Phase 1 clinical study of Lomecel-B in HLHS patients.
When cardiac surgeons injected Lomecel-B directly into the babies' hearts at the time of the second surgery, the cells were well
tolerated with no major adverse cardiac events and no infections considered to be related to the investigational treatment. One hundred
percent of the babies enrolled in the Phase 1 trial (n=10) were alive and had not required a transplant between 2-3.5 years post-surgery.
Other measurements of the babies' health, such as weight gain and growth pattern, matched that of normal healthy babies. Longeveron
is currently enrolling ELPIS II, a 38-subject, Phase 2 randomized, double-blind, controlled clinical trial examining the effect of Lomecel-B
in HLHS affected infants. ELPIS II is being funded in part by a grant from the National Institute of Health's National Heart, Lung,
and Blood Institute (NHLBI; Grant number 1UG3HL148318), in collaboration with Longeveron, and is led by Principal Investigator Sunjay
Kaushal, MD, PhD, Division Head, Cardiovascular-Thoracic Surgery, Ann and Robert H. Lurie Children's Hospital of Chicago.
"We are gratified to receive both rare
pediatric disease and orphan drug designations from FDA for this clinical trial program," stated Sunjay Kaushal, M.D, Ph.D. study
Principal Investigator and Division Head of Cardiovascular Thoracic Surgery at Lurie Children's Hospital of Chicago. "This
is a severe condition and a significant unmet medical need, and these important designations will be vital to facilitating a potentially
more rapid development program. My colleagues around the country and I are extremely excited about the progress of the current trial,
and we look forward to seeing this program move through the regulatory and clinical pathway."
About Longeveron Inc.
Longeveron is a clinical stage biotechnology
company developing cellular therapies for specific aging-related and certain life-threatening conditions. The Company's lead investigational
product is the LOMECEL-B cell-based therapy product ("Lomecel-B"), which is derived from culture-expanded medicinal
signaling cells (MSCs) that are sourced from bone marrow of young, healthy adult donors. Longeveron believes that by using the same cells
that promote tissue repair, organ maintenance, and immune system function, it can develop safe and effective therapies for some of the
most difficult disorders associated with the aging process and other medical disorders. Longeveron is currently sponsoring Phase 1 and
2 clinical trials in the following indications: Aging Frailty, Alzheimer's disease, the Metabolic Syndrome, Acute Respiratory Distress
Syndrome (ARDS), and hypoplastic left heart syndrome (HLHS). The Company's mission is to advance Lomecel-B and other cell-based
product candidates into pivotal Phase 3 trials, with the goal of achieving regulatory approvals, subsequent commercialization and broad
use by the healthcare community. Additional information about the Company is available at www.longeveron.com.
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results; the timing and focus of our ongoing and future preclinical studies and clinical trials; the size of the market opportunity for
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Stern Investor Relations
Email: Brendan.payne@sternir.com