Neovacs : HALF-YEAR RESULTS 2016 AND UPDATE ON OPERATIONAL DEVELOPMENT

·Cash position significantly strengthened by successful capital increase

·Phase IIb clinical trial in lupus expanded into the United States

Paris, September 30, 2016 - NEOVACS (Alternext Paris: ALNEV PEA-PME eligible),a leader in active immunotherapies for the treatment of autoimmune diseases, today announced its 2016 first half financial results, as approved by its Board of Directors on September 29, 2016.

Miguel Sieler, CEO of Neovacs, said: 'During the first half of 2016, Neovacs completed a successful capital increase that significantly strengthened the company's financial position and enabled us to continue our work in lupus and dermatomyositis. Indeed, in the first half of the year, Neovacs advanced its Phase IIb clinical study in lupus, accelerating patient enrollment and obtaining two important approvals from health authorities in South Korea and the United States, enabling us to expand the study into these two countries. Moreover, to be prepared for the eventual submission for regulatory approval of our product for lupus, we have created, in collaboration with Stellar Biotechnologies, the production company Neostell. We have already initiated the necessary studies to move from clinical-scale production to larger commercial-scale batches.'