Successful First Half of 2024 with Strategic Progress and Solid Financial Figures

Xlife Sciences AG / Key word(s): Half Year Results/Interim Report Xlife Sciences AG: Successful First Half of 2024 with Strategic Progress and Solid Financial Figures 19-Sep-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Zurich, 19th of September 2024: Xlife Sciences AG (SIX: XLS) today published its 2024 Half-Year Report and announced significant progress in its business development. Despite a challenging market environment, the company was able to further expand its innovative strength and advance new partnerships and developments within its diversified portfolio.

The full 2024 Half-Year Report of Xlife Sciences AG is available for download as a PDF document in the «Financial Reports» section at https://www.xlifesciences.ch/en/news-and-key-figures. Operational Highlights in the First Half of 2024 Xlife Sciences AG’s diversified portfolio includes 25 project companies, which achieved important progress during the reporting period. The following highlights are exemplary:

• x-nuclear diagnostics GmbH: With the introduction of the innovative PET-tracer DAZAmed, promising results in liver diagnostics in human were achieved. The rollout of the tracer is planned for the third quarter of 2024.
• VERAXA Biotech AG: The company has supplemented its portfolio with an exclusive license in the field of hemibody technology, in addition to successful preclinical trials. This significantly reduces the risks of side effects and high toxicity in cancer therapy. 
• novaxomx GmbH: Positive results from tests with extracellular vesicles to promote bone growth represent an important step toward market readiness.
• FUSE-AI GmbH: The market launch of the AI software «Prostate.Carcinoma.ai» has been successfully completed and improves the speed and accuracy of prostate cancer diagnosis. Further indications, such as breast or lung cancer, are expected to follow soon.
• palleos healthcare GmbH: The strategic merger with OCT Clinical GmbH strengthens the position in the field of clinical research and opens up access to additional countries and regions.

Additionally, significant synergies between portfolio companies were leveraged to promote technological innovations and open up new market segments. Please find more information on this in the letter to our shareholders inside the Half-Year Report.