Chordate Medical updates on ongoing and planned clinical studies

Chordate Medical has two active studies, and another two that are in the planning stage. The purpose of the company's clinical development program is to support the ongoing market introduction of the K.O.S technology for chronic migraine in the EU and lay the foundation for regulatory market access in other markets such as the USA.

"Our clinical development strategy is aimed to conduct studies of specific nature and shorter duration ourselves, and to encourage and facilitate other independent external investigator-initiated studies once such opportunities arise", says Anders Weilandt, CEO Chordate.

The randomized controlled patient study PM007, that is being carried out at 9 clinics in Germany and Finland, will see the last subject leaving the study at the end of July 2022. A manuscript for a scientific article will be submitted for publication at the end of October 2022, at the earliest. This study will have recruited approximately 132 subjects with chronic migraine and the primary endpoint is the reduction of headache days.

The study on chronic rhinitis, PR008, will complete the clean data file June 2022, whereafter analysis and publication work will follow.

The planned study PM009 is an open pilot study to evaluate the efficacy of intranasal kinetic oscillation stimulation (K.O.S) in the preventive treatment of chronic migraine on subjects not responding to treatment with monoclonal antibodies targeting the CGRP pathway. The study's aim is to include 25-30 subjects to investigate the reduction of headache days using the K.O.S technology. Blood samples will be evaluated for relevant biomarkers. The study is conducted at King's College in London with three to four referring clinics assisting with the recruitment of suitable subjects for the study. The objective with this investigation is to detect a potential positive effect. Any level of positive result will likely mean a great opportunity for our company as this challenged patient group has very few options left.

PM010 is another planned study, which is an open post-marketing clinical follow-up investigation to follow long-term performance and safety of intranasal kinetic oscillation in subjects with chronic migraine during regular clinical treatment. The study will recruit 200 subjects and will be conducted at approximately 15 clinics in three to four European countries, the follow-up is 12 months. Data from this open study will be reported in intervals and used to fine-tune recommendations for the clinical regime.

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

The following documents can be retrieved from beQuoted
Chordate-Medical-pipeline.png
Chordate-Medical-updates-on-ongoing-and-planned-clinical-stu.pdf

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medicals share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Västra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Chordate Medical Holding (publ) Interim Report Jan-March 2022

Summary of the period January-March 2022

COMMENTS FROM CEO ANDERS WEILANDT 

WHAT AN EXCITING START TO 2022

At the beginning of the year and up to now in May 2022, we are seeing growing international interest in Chordate as a company and our technology. The combination of the listing on Nasdaq First North and the CE marking for migraines seems to have increased our exposure internationally. We are constantly analyzing the marketing opportunities that potentially should be developed, for example the choice of the model to start our establishment in the UK.

Saudi Arabia will be the base for expansion in the region

In order to best develop Saudi Arabia and expand the operations to the other countries in the GCC (Gulf Cooperation Council), we are in the process of opening a representative office in Riyadh and have recruited Alain Durante to be the general manager. He has almost twenty years of experience in sales and marketing in medical technology in Saudi Arabia and has led the work with our products at our distributor for over two years. We thus have a very good set-up to develop the region.

Our new marketing consultants in the UK see potential for the migraine treatment

The market potential is significant with around 10 million migraine patients in the country according to the NHS. This is a long-term project that we assess could generate profit over time.

During the initial phase, the marketing activities in the UK will be focused on building up a network of opinion-leading neurologists, primarily among private care providers.

Listing on Nasdaq First North

The Companys share has been listed on NGM SME since March 2017. Following a decision by the Board to switch to the NASDAQ First North, the listing change went ahead on February 15. The Board of Directors makes the assessment that the listing change is positive for Chordates development and the fulfillment of our expressed exit strategy.

Project for US market approval from the FDA

The pre-study, which aims to find the right path for an application for marketing authorization for the migraine indication in the USA, resulted in the shift in March-April to a so-called DeNovo application. The project has now entered Phase 2, which, together with our US consultants at RQM+, is to obtain the FDAs view on how we have chosen to plan the final application.

The patient study on migraine is fully recruited

The remaining four Finnish clinics in the study have now recruited the last patient to start treatment. A patient spends ten weeks in the study in total. The scientific article from the study is expected to be completed as early as the end of the third quarter of this year. Since CE marking has already been obtained, the sole aim of the study in Germany and Finland is to support future marketing activities and gather data for the publication of a scientific article.

In the cards for 2022

Everything is progressing according to plan so far. We continue to follow the marketing plan for 2022. This applies naturally to both the migraine and the rhinitis indications, but we will have a stronger focus on migraine.

Information:
This disclosure contains information that Chordate Medical Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person below, on May 27th, 2022, at 08:30 a.m. CET.

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

The following documents can be retrieved from beQuoted
Chordate-Medical-Holding-publ-Interim-Report-JanMarch-202.pdf

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medicals share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Västra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Chordate Medical presents interim report for Q1 2022

Chordate Medical Holding (publ) publishes its interim report for Q1 2022 on Friday, May 27th, 2022, at 08:30. On Monday, May 30th at 14:00, the company invites the public to a livestreamed teleconference with CEO Anders Weilandt. The conference is followed by a Q&A session. You can follow the conference via computer or mobile devices.

To register for the web conference, register via the following link: https://attese.gotowebinar.com/register/6856232777036844045

The number of places is limited, so we recommend registering well in advance to secure a place.

After the conference, a recording of the web conference will be available on the companys website www.chordate.com and on the Västra Hamnen Corporate Finance YouTube channel.

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medicals share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Västra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

CEO Anders Weilandt presents Chordate Medical at BioStock Life Science Spring Summit on June 8th

Chordate Medical's CEO Anders Weilandt will participate on BioStock Life Science Spring Summit on June 8th, at 11:20. He will present the latest developments in the company, such as the recently completed first phase of the marketing authorization process in the United States, the upcoming representative office in Saudi Arabia and the marketing efforts in the United Kingdom.

"Biostocks Life Science Summit events is an important platform for Nordic innovation companies such as Chordate. I look forward to talking about what we have done so far in 2022 and what we have planned for the rest of the year and beyond," says Anders Weilandt, Chordate CEO.

BioStock Life Science Spring Summit will be livestreamed at Biostocks Youtube channel:

Read more about the event: https://www.biostock.se/en/2022/04/biostock-life-science-spring-summit-june-8-9/

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medicals share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Västra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

CEO Anders Weilandt presents Chordate Medical at Investment event on June 9th

On Thursday, June 9th, 14:10 CET, Chordates CEO Anders Weilandt will participate on an investment event hosted by Västra Hamnen Corporate Finance. He will present the latest developments in the company, such as the recently completed first phase of the marketing authorization process in the United States, the upcoming representative office in Saudi Arabia and the marketing efforts in the United Kingdom.

The event is a hybrid event that is held for an audience in Studio Malmö and livestreamed on Västra Hamnens Youtube channel.

Time: June 9th, 14:10 – 14:35
Registration for physical participation
Registration for online participation

A recording of the broadcast will be available afterwards on Chordates website and on the Västra Hamnen Corporate Finance YouTube channel.

About Västra Hamnen Corporate Finance
Västra Hamnen Corporate Finance is an independent advisor who assists companies and owners with, for example, raising capital and advising in connection with corporate transactions. The company currently employs 8 people and operates from Malmö. Västra Hamnen Corporate Finance is under the supervision of the Swedish Financial Supervisory Authority.

For more information, please contact:
Anders Weilandt, CEO
Cell: +46 733-874277
e-mail: anders.weilandt@chordate.com

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medicals share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com/en/

Chordates Certified Adviser on Nasdaq First North Growth Market Stockholm is Västra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

The patient study is now fully recruited

Chordate Medical estimates that a sufficient number of patients have been recruited for the study on migraine which is being carried out in Germany and Finland – and that the number of patients prescribed by the study design has thus been met.

The main purpose of the patient study, which began in 2018, was from the beginning to enable a CE marking of the company's preventive treatment of chronic migraine. Since Chordate already in May 2021 received the CE marking on interim data from the same study, the main purpose was fulfilled, however, a positive result from the patient study is still extremely important for the continued marketing activities. The goal is to get a scientific article published. The article is expected to be completed and submitted for scientific review no earlier than the end of the third quarter of 2022, as the last patient will now leave the study in July.

"An article in a scientific journal will support our market positioning and our sales work in all selected markets, including countries outside the EU", says Anders Weilandt, CEO of Chordate.

The international patient study on the patented treatment method K.O.S against chronic migraine began in 2018. The study, which is carried out at nine clinics in Germany and Finland, was paused due to the covid-19 pandemic in 2020 but resumed intermittently in 2021 when the pandemic progression allowed.

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

The following documents can be retrieved from beQuoted
The-patient-study-is-now-fully-recruited.pdf

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medical's share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com.
Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Västra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

CEO Anders Weilandt presents Chordate Medical at Aktiedagen on May 2nd

On Monday 2 May, 11:00, Chordate's CEO Anders Weilandt will participate on Aktiespararnas event Aktiedagen Stockholm. He will present the latest developments in the company, such as the recently completed first phase of the marketing authorization process in the United States, the upcoming representative office in Saudi Arabia and the marketing efforts in the United Kingdom.

"It is important for us to meet both existing and potential new shareholders. We want to take every opportunity to inform the market and Aktiespararna is an important platform with professional events. They know how to guide their members to good companies and good investments, and it will be extra fun to have a live audience again," says Anders Weilandt, Chordate CEO.

Aktiedagen is a hybrid event that is held for an audience on Operaterassen and livestreamed on Aktiespararna's Youtube channel and on http://www.aktiespararna.se/tv/live. The event is open to everyone and does not require membership in Aktiespararna. No registration is required to follow the event digitally.

Read more about the event and register for the physical event here: https://www.aktiespararna.se/aktiviteter/aktiedagen-stockholm-6

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

The following documents can be retrieved from beQuoted
CEO-Anders-Weilandt-presents-Chordate-Medical-at-Aktiedagen-.pdf

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medical's share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Västra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Chordate Medical completes first phase in the US: moves forward with De Novo application

Chordate Medical Holding (publ) has together with regulatory quality consulting firm RQM + completed the pre-study to apply for a marketing authorization for the K.O.S treatment for chronic migraine at the US Food and Drug Administration, FDA. Based on the results, Chordate chooses to initiate a so-called De Novo application. The next phase has begun and includes a pre-submission meeting with the FDA to get the agency's preliminary view on how the final application should be designed.

"The pre-study shows that the most advantageous strategy for Chordate and our treatment is a De Novo application, which involves an application process that is adapted to medical devices with low or medium risk without already launched equivalents in the US market", says Anders Weilandt, CEO of Chordate Medical.

Chordate announced in October 2021 that the company had made a strategic decision to initiate a pre-study to apply for a marketing authorization for the K.O.S treatment for chronic migraine at the FDA. Following the completion of the pre-study, Chordate will now carry out a pre-submission step to understand the perspective of the FDA on a tentative submission, after which the complete De Novo application will be submitted.

"It is satisfying that we are done with the first phase and following the schedule. A market condition in the USA is an important step in our strategy to build company value and it will give the company greater choice for future strategic decisions", says Anders Weilandt.

<p><strong>For more information, please contact:<br /></strong>Anders Weilandt, CEO<br /><a href="mailto:anders.weilandt@chordate.com">anders.weilandt@chordate.com</a><br />Cell: +46 733-874277</p>

The following documents can be retrieved from beQuoted
Chordate-Medical-completes-first-phase-in-the-US-moves-forw.pdf

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medical's share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Vastra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Chordate publishes annual report for 2021

Chordate Medical Holding AB (Publ) has today published its annual report for 2021. The annual report is available on Chordate's website www.chordate.com and is attached to this press release.

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

The following documents can be retrieved from beQuoted
Chordate AR 2021 final EN.pdf

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medical's share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Vastra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.

Chordate Medical to establish representative office in Saudi Arabia

Chordate Medical Holding (publ) is opening a representative office in Riyadh, via Chordate Medical AB, to continue to grow in Saudi Arabia and expand its operations to the other countries in the GCC (Gulf Cooperation Council). The general manager of the office will be Alain Durante, who has almost 20 years of sales and marketing experience in medical technology in Saudi Arabia.

"The ongoing implementation of insurance compensation in Saudi Arabia has the potential to lead more quickly to corresponding compensation codes in other countries within the GCC as there is an established cooperation between them. We want to build on our market position for rhinitis in Saudi Arabia as early as possible and expand it to other countries in the immediate area. Saudi Arabia accounts for 55 percent of the medtech market in the Gulf region according to external analyzes, so it is natural that we now establish a local presence there", says Anders Weilandt, CEO of Chordate Medical.

Saudi Arabia is one of the markets that Chordate Medical has selected to prove the market potential of K.O.S treatment in order to enable growth and attract buyers of the company. In November 2020, private health insurance companies in Saudi Arabia approved the insurance code that can be used by private care providers in the country when treating with K.O.S for chronic rhinitis, and at the end of 2021, the first insured K.O.S treatment was carried out in the country.

"With the establishment of a representative office in Riyadh, we are taking the next step to grow further. We see that we have the same potential in other markets in the GCC, such as Qatar, Kuwait, Bahrain and the United Arab Emirates".

The registration process for the establishment of the representative office is underway and can take up to six months. Such an office has a special status in Saudi Arabia because it does not handle trade or transactions, and in Chordate's case it will consist of Alain Durante in the role of General Manager.

"Alain has been responsible for the successful work so far as an employee of our distributor Al Mothihel Trading in Jeddah. In his new role, Alain will continue working with Al Mothihel but also gradually find new opportunities for Chordate in the region", says Anders Weilandt.

For more information, please contact:
Anders Weilandt, CEO
anders.weilandt@chordate.com
Cell: +46 733-874277

The following documents can be retrieved from beQuoted
Chordate-Medical-to-establish-representative-office-in-Saudi.pdf

About Chordate
Chordate Medical Holding AB (publ) is a medical technology company that for over ten years has developed, patented and CE-marked a new neuromodulation treatment technology for chronic nasal congestion (rhinitis) and chronic migraine. The company offers its product via distributors to clinics and hospitals in selected European markets, Israel, and Saudi Arabia. Chordate Medical's share is listed on Nasdaq First North Growth Market Stockholm (ticker: CMH). Read more at www.chordate.com

Chordate's Certified Adviser on Nasdaq First North Growth Market Stockholm is Vastra Hamnen Corporate Finance AB, +46 40 200 250, ca@vhcorp.se.

N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.