Pixium Vision announces its cash position at 31 March 2021 and provides an update on its activities and financial outlook until the end of 2021. - Seite 2

Key developments in the first quarter of 2021

Highlights of the first quarter of 2021 included the announcement of positive clinical results, continued patient recruitment in the United States, and the clinical development of the Prima System, an innovative device for the treatment of age-related macular degeneration (AMD).

Pixium Vision announced the positive results of the follow-up at 24 to 30 months of patients who have been equipped with the Prima System with second-generation glasses, which combine natural peripheral vision and prosthetic vision. The Prima System provided patients with a minimum gain of 3 lines of visual acuity, and up to 7 lines in some patients.

On 3 April 2021, Pixium Vision announced that it acknowledged Second Sight Medical Products, Inc.’s decision to unilaterally terminate the memorandum of understanding entered into on 5 January 2021, despite the fact that the memorandum of understanding did not provide for such an option. On 8 April 2021, Pixium Vision received a payment of USD 1 million (approximately €840,000) from Second Sight Medical Products, Inc. However, the Company considers that this payment is insufficient to compensate the loss it has sustained due to this unilateral termination and intends to bring an action before the Paris Commercial Court to obtain full compensation for its loss.

ABOUT PIXIUM VISION

Pixium Vision’s mission is to create a world of bionic vision for those who have lost their sight, enabling them
to regain partial visual perception and greater autonomy. Pixium Vision’s bionic vision systems are associated
with a surgical intervention and a rehabilitation period.

Pixium Vision is conducting clinical feasibility studies of its Prima system, its miniaturised wireless sub-retinal
implant, in patients who have lost their sight due to retinal degeneration associated with the dry form of AgeRelated Macular Degeneration (AMD). Pixium Vision works closely with world-renown academic partners, such as Stanford University in California, Institut de la Vision in Paris, Moorfields Eye Hospital in London, Institute of Ocular Microsurgery (IMO) in Barcelona, and UPMC in Pittsburgh, USA. The company is EN ISO 13485 certified. Pixium Vision has been classified as an “Innovative Company” by Bpifrance.