Full Press Release Details
PolyPid Announces Eligibility for European
Medicines Agency Centralized Procedure for D-PLEX for the Prevention of Surgical Site Infections in Abdominal Surgery
Centralized Procedure Allows for Submission
of a Single Marketing Application to the European Medicines Agency that, if Approved, Would Allow D-PLEX100 to be Marketed
in All EU Member States
D-PLEX100 is Eligible for Centralized
Procedure Under the Therapeutic Innovation Criteria
PETACH TIKVA, Israel, September
28, 2022 -- PolyPid Ltd. (Nasdaq: PYPD) ("PolyPid" or the "Company"), a late-stage biopharma company
aiming to improve surgical outcomes, today announced that it has received confirmation from the European Medicines Agency (EMA) that
D-PLEX100 is eligible for submission of a Marketing Authorization Application (MAA) in the European Union (EU) under the Agency's
centralized procedure.
The centralized procedure allows the submission
of a single marketing application to the EMA that, if approved, enables the product to be marketed in all EU member states as well as
in Iceland, Liechtenstein and Norway. The centralized process eligibility is granted to D-PLEX100 under the Therapeutic Innovation
criteria which underscores that D-PLEX100 provides a new alternative to patients in preventing post abdominal surgical site
view the EMA's decision to deem D-PLEX100 eligible for a centralized regulatory review under the Therapeutic Innovation
category as reflective of the potential innovation behind our lead product candidate," said Dikla Czaczkes Akselbrad, PolyPid's
Chief Executive Officer. "This decision by the EMA allows us to potentially pursue registration of D-PLEX100 through
the more efficient centralized review process. We are currently further evaluating the top-line results of SHIELD I, our recently concluded
Phase 3 trial for D-PLEX100 for the prevention of surgical site infections (SSIs) in abdominal surgery, and intend to discuss
these data and potential next steps with U.S. and EU regulatory authorities in the first quarter of 2023".
PolyPid's lead product candidate, is designed to provide local prolonged and controlled anti-bacterial activity directly
at the surgical site to prevent SSIs. Following the administration of D-PLEX100 into the surgical site, the PLEX (Polymer-Lipid
Encapsulation matriX) technology pairs with Active Pharmaceutical Ingredients, enabling a prolonged and continuous release of the broad-spectrum
antibiotic doxycycline, resulting in high local concentration of the drug for a period of 30 days for the prevention of SSIs, with additional
potential to prevent SSIs caused by antibiotic-resistant bacteria at the surgical site. D-PLEX100 received Breakthrough Therapy
Designation from the U.S. FDA for the prevention of SSIs in patients undergoing elective colorectal surgery. D-PLEX100 also
received three Qualified Infectious Disease Product (QIDP) designations, and three Fast Track designations for the prevention of SSIs
in patients undergoing elective colorectal surgery, post-abdominal surgery incisional infection and for the prevention of sternal wound
infection post-cardiac surgery.
PolyPid Ltd. (Nasdaq: PYPD) is a late-stage
biopharma company aiming to improve surgical outcomes. Through locally administered, controlled, prolonged-release therapeutics, PolyPid's
proprietary PLEX (Polymer-Lipid Encapsulation matriX) technology pairs with Active Pharmaceutical Ingredients (APIs), enabling precise
delivery of drugs at optimal release rates over durations ranging from several days to months. PolyPid's lead product candidate
D-PLEX100 is in Phase 3 clinical trials for the prevention of soft tissue abdominal and sternal surgical site infections.
In addition, the Company is currently in preclinical stages to test the efficacy of OncoPLEX for treatment of solid tumors, beginning
For additional Company information, please visit http://www.polypid.com and
Forward-looking Statements
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates"
and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is
using forward-looking statements when it discusses its ongoing clinical trials, the potential
innovation behind its lead product candidate, that the decision by the EMA allows the Company to potentially pursue registration
of D-PLEX100 through
the more efficient centralized review process and its intention to discuss the top-line results of SHIELD I and potential next steps
with U.S. and EU regulatory authorities in the first quarter of 2023. Forward-looking statements are not historical facts, and are based
upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such
expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations,
beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking
statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ
materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting
the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission ("SEC"),
including, but not limited to, the risks detailed in the Company's Annual Report on Form 20-F filed on February 28, 2022.
Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking
statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting
forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking
statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other
forward-looking statements.
References and links to websites have been provided as a convenience,
and the information contained on such websites is not incorporated by reference into this press release. PolyPid is not responsible
for the contents of third-party websites.