Exhibit 99.1
Apollomics Announces Top-line Results for Phase 3 Bridging Trial
of Uproleselan in China in Patients with
Relapsed or Refractory Acute Myeloid Leukemia
FOSTER CITY, Calif. December 20, 2024 (GLOBAL NEWSWIRE) Apollomics Inc. (Nasdaq: APLM) (Apollomics or the
Company), a late-stage clinical biopharmaceutical company developing multiple oncology drug candidates to address difficult-to-treat and treatment-resistant
cancers, announced today the results from its Phase 3 bridging trial of uproleselan in China in patients with relapsed or refractory acute myeloid leukemia. The trial did not demonstrate favorable benefit for uproleselan.
The Phase 3 trial was a randomized, double-blinded bridging trial to evaluate the safety and efficacy of uproleselan administered with chemotherapy versus
chemotherapy alone in patients with relapsed or refractory acute myeloid leukemia. The primary endpoint was comparing overall survival (OS) in the uproleselan treatment arm versus the control arm. A total of 140 subjects were enrolled in the Phase 3
trial and randomized 1:1 to receive either uproleselan with chemotherapy (n=69) or chemotherapy alone (n=71). The median OS in the uproleselan arm was 9.3 months (95% CI 6.1 16.0 months) versus 14.3 months (95% CI 6.2 NA months) in the
chemotherapy-only arm (p=0.48). Addition of uproleselan to chemotherapy was generally well tolerated, with a similar safety profile to the control arm. The incidence of serious adverse events was 43% in the uproleselan arm versus 39% in the
chemotherapy-only arm. The most common serious adverse events in the uproleselan arm were decreased platelet count, infectious pneumonia, and sepsis.
While we are disappointed that uproleselan did not show a clinical benefit, the results were expected given that the global Phase 3 trial of uproleselan
in a similar patient population by our partner, Glycomimetics, did not meet its primary endpoint earlier this year. Our regulatory and commercial strategy in China has always required a positive global Phase 3 trial, and therefore we are currently
wrapping up this program, said Guo-Liang Yu, PhD, Chairman and CEO of Apollomics. We extend our thanks and gratitude to all the patients and their families, investigators and clinical team that supported the trial.
In August 2024, Apollomics announced the write-down of the intangible asset related to the upfront payment for the uproleselan program. Apollomics is
concluding the clinical trial and expects future expenses for the uproleselan program to be less than $500,000.
The Company intends to submit the full
results of this trial for presentation at a future medical conference.
About Apollomics Inc.
Apollomics Inc. is an innovative clinical-stage biopharmaceutical company focused on the discovery and development of oncology therapies with the potential to
be combined with other treatment options to harness the immune system and target specific molecular pathways to inhibit cancer. Apollomics lead program is vebreltinib (APL-101), a potent, selective c-Met inhibitor for the treatment of non-small cell lung cancer and other advanced tumors with c-Met alterations, which is currently in
a Phase 2 multicohort clinical trial in the United States and over 10 other countries. For more information, please visit www.apollomicsinc.com.
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historical fact included in this press release, regarding the Companys strategy, prospects, plans and