Vectura and Inspira Pharmaceuticals sign Agreement on Development of Potential Inhaled Treatment for COVID-19

Chippenham, UK and London, UK – 6 May 2021: Vectura Group plc, an industry leading inhalation CDMO, and Inspira Pharmaceuticals Limited, a new UK-based company focused on developing therapies for respiratory and infectious diseases, today announced an agreement to develop an inhaled formulation of Inspira’s lead drug candidate for the treatment of COVID-19.

Inspira’s research focuses on proprietary IPX formulations, which are based on processed and purified extracts from a plant source. These extracts contain proteolytic enzymes that have been shown to rapidly inactivate the SARS-CoV-2 virus in vitro. The IPX technology platform has additional potential applications in other lung infections and treatment of biofilms associated with respiratory disease.

To date, Vectura has undertaken a feasibility study on Inspira’s inhaled IPX formulation candidates with positive results. This new agreement will see the company perform further testing and development work, to prepare initially for Phase 1 clinical studies using its FOX® vibrating mesh nebuliser to deliver the IPX formulations directly to the lungs.

Rory McGoldrick, CEO of Inspira, commented: “We are delighted to have partnered with Vectura, a company with a strong track record in the successful development of pharmaceuticals for respiratory indications. Leveraging Vectura’s expertise and network, Inspira is well placed to accelerate the development of our novel IPX formulations for pulmonary delivery. As we move from pandemic to endemic COVID-19 it will be ever more important to have new treatments that are cost effective, easy to distribute and easy to administer. We are targeting a treatment that has the potential to be effective at the early phase of infection, to minimise the risk of hospitalization and reduce the need for ventilatory support in intensive care. We hope that our human clinical trials of IPX formulations will prove as successful as our initial laboratory studies.”

Mark Bridgewater, Vectura Chief Commercial Officer commented: “The work carried out by Inspira demonstrates the potential to develop a highly-effective treatment for COVID-19, and our initial studies show that our FOX nebuliser offers an extremely efficient delivery method. We are excited to continue supporting Inspira on this lead programme’s development towards the clinic, combining our expertise of formulation and device development with Inspira’s innovative research to add to the treatments available to manage this global pandemic disease.”

All studies will be undertaken at Vectura’s Chippenham, UK facility, which is home to advanced pharmaceutical development laboratories, manufacturing suites and offices where the company’s differentiated technology and skills are used to develop customers’ inhaled products, from high quality generics to novel therapies.

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For more information, please contact:

Vectura Group plc

David Ginivan – VP Corporate Communications

Olivia Manser – Director Investor Relations

+44 (0)7471 352 720

Inspira Pharmaceuticals Limited

Scius Communications

Sue Charles - sue@sciuscommunications.com +44 (0)7968 726585

Katja Stout - katja@sciuscommunications.com +44 (0)7789 435990

About Vectura

Vectura is a leading specialist inhalation CDMO that provides innovative inhaled drug delivery solutions that enable customers to bring their medicines to patients. With differentiated proprietary technology and pharmaceutical development expertise, Vectura is one of the few companies globally with the device, formulation and development capabilities to deliver a broad range of complex inhaled therapies.

Vectura has thirteen key inhaled and eleven non-inhaled products marketed by partners with global royalty streams, and a diverse partnered portfolio of drugs in clinical development. Our partners include Hikma, Novartis, Sandoz (a division of Novartis AG), Mundipharma, Kyorin, GSK, Bayer, Chiesi, Almirall, and Tianjin KingYork.

For further information, please visit Vectura's website at www.vectura.com

About Inspira Pharmaceuticals

Inspira Pharmaceuticals Limited is a UK-based company focused on the development and commercialisation of its proprietary IPX technology platform.

Inspira has identified novel plant-based IPX formulations that have potential therapeutic applications for the treatment of respiratory diseases, including COVID-19. The Company has demonstrated that its product candidates contain proteolytic enzymes that have shown to be effective in degrading biofilms associated with lung infections and the spike protein on the SARS-CoV-2 virus. The spike protein is crucial for the virus to infect cells. Inspira’s products are being formulated for pulmonary delivery with the aim of inhibiting SARS-CoV-2 replication in the lungs as well as treating and preventing other respiratory infections.

For further information, please visit www.inspiraph.com

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