Tiziana Life Sciences plc ( Tiziana or the Company ) Tiziana Life Sciences Files Patent on Combination of Nanoparticle-Actinomycin D with Anti-Interleukin-6 Receptor Monoclonal Antibody for Treatment of Coronaviruses Com

Sciences Files Patent on Combination of Nanoparticle-Actinomycin D with Anti-Interleukin-6 Receptor Monoclonal Antibody for Treatment

Combination of nanoparticle-Actinomycin

D acting as an anti-viral treatment, with an anti-inflammatory agent may present a potential therapeutic option for COVID-19 patients.

New York/London - April 27, 2020 - Tiziana

Life Sciences plc (Nasdaq: TLSA) ("Tiziana" or the "Company"), a biotechnology company focused on innovative

therapeutics for inflammatory, autoimmune and infectious diseases, announced today that it has filed a provisional patent application

on the combination of nanoparticle-Actinomycin D (NP-ACT D) with anti-interleukin-6 receptor monoclonal antibody (anti-IL-6R) as

a potential therapy for management of COVID-19 disease. The underlying invention concepts are based on the hypothesis that a combination

of an antiviral drug controlling proliferation of COVID-19, with an anti-inflammatory agent (e.g., anti-IL-6R) suppressing

a possible Cytokine Storm' may provide immediate relief to severe cases of COVID-19 patients.

D (ACT D), an antibiotic drug approved initially for infectious diseases in the United States in 1964, is on the World

Health Organization's List of Essential Medicines as the most effective medicine needed in a health system (1).

However, severe toxicities associated with the intravenous administration of ACT D limits its widespread therapeutic utility. The

NP-ACT D formulation, effectively controlling slow and sustained release, may overcome the severe toxicities of ACT D. Side-by-side

animal studies have compared NP-ACT D with free ACT D and demonstrated that the intravenous treatment with NP-ACT D was well-tolerated

with minimal apparent toxicities in animal models. Importantly, results from another animal study comparing free ACT D side-by-side

with an equivalent dose of NP-ACT D, showed 0% mortality in rats dosed with NP-ACT D as compared to > 90% mortality with free

ACT D (2). Nonetheless, safety and tolerability of NP-ACT D needs to be evaluated in healthy volunteers prior to any clinical studies.

infected with COVID-19 are known to develop an uncontrolled immune response ("cytokine storm"), which results in excessive

production of pro-inflammatory cytokines such as IL-6 and TNF-a both

of which are regarded as key drivers of chronic inflammation and are believed to be associated with severe lung damage commonly

observed in patients with COVID-19 infections and acute respiratory distress syndrome (ARDS). Therefore, Tiziana believes

it is possible to potentially combine TZLS-501 (anti-IL6R) with NP-Act D to inhibit viral proliferation and to suppress inflammation

in lungs to halt progression of COVID-19-mediated lung damage and death.

It is important to note that the Company

has not, at the current time, conducted any clinical or pre-clinical research into the use of NP-ACT D, either alone or in combination

with anti-interleukin-6 receptor monoclonal antibody (anti-IL-6R) as a treatment for COVID-19, but is basing its assessment for

the combination's potential on research and anecdotal evidence involving NP-ACT D activity on other strains of coronavirus

and established theoretical principles underlying combinations of drugs.

TZLS-501, a fully human mAb, was acquired from

Novimmune, a Swiss biotechnology company, in 2017. The cytokine, IL-6, a major determinant in the priming of pathogenic T cells

to produce an inflammatory response, binds to its receptor subunit IL-6R on the cell membrane. The receptor IL-6R

can be shed as a soluble sIL6R , which binds to circulating IL-6 cytokine in the blood. The downstream signaling from this

complex mediates pro-inflammatory effects underlying the inflammatory diseases such as rheumatoid arthritis (RA) and acute respiratory

distress syndrome (ARDS). The Company believes that the novel features of TZLS-501 consisting of its dual mechanism of action to

inhibit signaling by the membrane-bound and soluble IL-6 receptor and the rapid depletion of circulating IL-6 cytokines, a major

cause of lung damage, suggests a potential role for this mAb in patient management and treatment of COVID-19.

Broad-spectrum antibiotics that have been deemed

safe-in-man' through testing in early phase clinical trials have been touted as good drug repurposing candidates for

treatment of emerging infectious diseases. Actinomycin D, an inhibitor of RNA-dependent RNA polymerase, is a potent antibiotic

with therapeutic utility in infectious diseases and cancer. As intravenous administration of Actinomycin D is known to produce

severe toxicities, its therapeutic utility has been limited. The nanoparticle-based Actinomycin D (NP-ACT D) is formulated to control

a slow release of Act D such that the Cmax (maximum serum concentration) in blood can be adjusted to a desired level. In animal

studies, NP-Act D was found to produce minimal toxicities and it was found to be safe and well-tolerated.

About Tiziana Life Sciences

Tiziana Life Sciences plc is a UK biotechnology

company that focuses on the discovery and development of novel molecules to treat human disease in oncology and immunology. In

addition to Milciclib, the Company is also developing Foralumab for liver diseases. Foralumab is the only fully human anti-CD3

monoclonal antibody in clinical development in the world. This Phase 2 compound has potential application in a wide range of autoimmune

and inflammatory diseases, such as nonalcoholic steatohepatitis ("NASH"), ulcerative colitis, multiple sclerosis, type-1

diabetes ("T1D"), Crohn's disease, psoriasis and rheumatoid arthritis, where modulation of a T-cell response

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Forward-Looking Statements

Certain statements made in this announcement

are forward-looking statements. These forward-looking statements are not historical facts but rather are based on the Company's

current expectations, estimates, and projections about its industry; its beliefs; and assumptions. Words such as anticipates,'

expects,' intends,' plans,' believes,' 'seeks,' estimates,'

and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance

and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company's control,

are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking

statements. The Company cautions security holders and prospective security holders not to place undue reliance on these forward-looking

statements, which reflect the view of the Company only as of the date of this announcement. The forward-looking statements made

in this announcement relate only to events as of the date on which the statements are made. The Company will not undertake any

obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances,

or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory

THE PERSON WHO ARRANGED FOR THE RELEASE OF

THIS INFORMATION IS DR KUNWAR SHAILUBHAI, THE COMPANY'S CHIEF EXECUTIVE AND CHIEF MEDICAL OFFICER.

Tiziana Life Sciences plc