Ovoca Bio PLC - Death of a Director

RNS Number : 2165A

Ovoca Bio PLC

28 September 2020

Ovoca Bio plc

("Ovoca" or the "Company")

Death of a Director

Dublin, Ireland, 28 September, 2020 - Ovoca Bio announces with deep regret that Dr. Mikhail Mogutov, Executive Chairman of the Board, passed away suddenly on 24^th September 2020.

Dr. Mikhail Mogutov joined the Board of Ovoca in June 2006 and was appointed Chairman of the Board in 2008. Kirill Golovanov, Chief Executive, will be stepping in as Interim Chairman of the Board.

Kirill Golovanov, Chief Executive of Ovoca Bio plc, said: "We are deeply saddened by the passing of Dr. Mikhail Mogutov. As Chairman Dr. Mogutov made many significant and impactful contributions to Ovoca Bio and will be greatly missed as a much respected colleague and friend. On behalf of the Board and everyone in the Ovoca Bio group, I extend our thoughts and deepest sympathy to all of Mikhail's family."

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For further information:

Ovoca Bio plc

Kirill Golovanov (Chief Executive)

Tel +353 1 661 9819

info@ovocabio.com

Davy (Nominated Adviser, Euronext Growth Advisor and Broker)

John Frain / Daragh O'Reilly

Tel: +353 1 679 6363

Consilium Strategic Communications

Chris Gardner, Chris Welsh, Carina Jurs

ovocabio@consilium-comms.com

Tel: +44 (0)20 3709 5700

About Ovoca Bio

Ovoca Bio is a European-based biopharmaceutical company with a focus on women's health. The Company is currently developing a novel treatment for women with hypoactive sexual desire disorder (HSDD), a condition characterized by a distressing lack or loss of sexual desire affecting an estimated ~4 million premenopausal women in the US alone.

The Company's lead product, BP-101, a novel synthetic peptide administered through a nasal spray, is clinically validated, with Phase II and Phase III studies conducted in Russia demonstrating statistically significant improvement in a number of key efficacy outcomes, including an increase in female sexual desire and reduction of symptoms of distress associated with HSDD.

Ovoca Bio is seeking to develop the drug for major global markets - in particular the United States and Europe, as well as obtain marketing approval in the Russian Federation.

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