InxMed (Nanjing) Co., Ltd. ("InxMed" or "Company"), a clinical stage biotech company dedicated to developing innovative, individualized medicines with international impact, announced today the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to IN10018 for the treatment of platinum-resistant ovarian cancer patients. InxMed owns the global patent and development right of IN10018. The Fast Track designation for IN10018 underscores the urgent need for new treatment options for platinum-resistant ovarian cancer patients and the significant treatment potential of IN10018, it also further proves the InxMed's world-class translational and clinical development capabilities.

Ovarian cancer is the second most common cause of gynecologic cancer death in women in the world, with 23,820 new cases and 14,359 deaths in the United States and 55,342 new cases and 37,519 deaths in China in 2020(GLOBOCAN 2020). Ovarian cancer is usually diagnosed at advanced stages. Surgery and platinum based chemotherapy are the main treatment regimens for ovarian malignant tumors. Although chemotherapy has a significant impact on patients primarily treated, these patients eventually develop platinum drug resistance, leading to a rapid progression. Once patients become platinum resistant, there is limited treatment option, and prognosis remain dismal with overall survival of one year. Both preclinical and clinical data from InxMed demonstrated IN10018's promising efficacy when combining with standard chemotherapy to treat platinum-resistant ovarian cancer patients.

Dr. Zaiqi Wang, InxMed's Chairman and CEO, said "This is an important milestone for InxMed. IN10018 is one of our critical assets to fulfill our "Best-in-Disease Combination" development strategy. We will leverage the advantage of Fast Track status and work closely with US FDA to speed up further clinical development. InxMed will fully accelerate global clinical development of IN10018 to better meet the patient's needs."