​​​​​​​PAION IS HOSTING A SPONSORED BYFAVO® SYMPOSIUM AT  EUROANAESTHESIA 2023 IN GLASGOW

EQS-News: PAION AG / Key word(s): Conference
​​​​​​​PAION IS HOSTING A SPONSORED BYFAVO® SYMPOSIUM AT EUROANAESTHESIA 2023 IN GLASGOW
25.05.2023 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

PAION IS HOSTING A SPONSORED BYFAVO ® SYMPOSIUM AT
EUROANAESTHESIA 2023 IN GLASGOW

• Symposium to be held on 04 June 2023 in Glasgow, Scotland
• PAION will be available for discussions at booth D29 in the exhibition hall

Aachen (Germany), 25 May 2023 - PAION AG (ISIN DE000A3E5EG5; Frankfurt Stock Exchange, Prime Standard: PA8K), a specialty pharmaceutical company with innovative compounds for use in outpatient and in-hospital sedation, anesthesia and intensive care will host a Byfavo® (remimazolam) symposium on 04 June 2023 at Euroanaesthesia 2023 in Glasgow, Scotland. The congress is one of the most important and significant conferences for anaesthesia and intensive care medicine worldwide.

The symposium sponsored by PAION is called:“Remimazolam: a new horizon in general anaesthesia?” and will take place on Sunday 04 June 2023, 12.15–13.15 (BST).

Prof Maurizio Cecconi (Italy) will chair the session. The speakers include respected physicians and clinical scientists including Dr Remco Vellinga, (The Netherlands) and Dr Heena Bidd (UK).

PAION will be available for discussions on all three congress days from 03 to 05 June 2023 at booth D29 in the exhibition hall.

Gregor Siebert, CEO of PAION AG, commented: "We are pleased to have the opportunity to showcase our innovative compound and to further facilitate discussion regarding our ultra-short-acting and controllable benzodiazepine sedative/anaesthetic. We are delighted that Professor Cecconi has agreed to chair the symposium which will allow us to further intensify the expert dialogue amongst international anesthesiologists. We plan to launch Byfavo® in general anesthesia in Europe very soon.”

About Byfavo ®

Byfavo® (remimazolam) is an ultra-short-acting intravenous benzodiazepine sedative and -anaesthetic. In humans, Byfavo® is largely degraded to an inactive metabolite by hepatic esterases, a widely distributed type of enzyme, rather than by cytochrome-dependent degradation pathways in the liver. As with other benzodiazepines, an antidote is available in flumazenil for rapid reversal of the patient's sedation or anesthesia if needed. Data show that Byfavo® has a rapid onset of action and a rapid recovery, with a favorable cardiorespiratory safety profile.

Byfavo® is partnered in the USA (trade name BYFAVOTM) with Eagle Pharmaceutical (Eagle), in Japan (trade name Anerem®) with Mundipharma, in South Korea (trade name ByfavoTM) and Southeast Asia with Hana Pharm, in Latin America with Cristália and in Taiwan with TTY Biopharm. In addition, PAION has distribution partnerships with Viatris for Belgium, Poland, France and Romania as well as the Southern European countries Italy, Spain and Greece and in Eastern Europe (Estonia, Latvia and Lithuania, Czech Republic, Slovakia, Hungary, Croatia, Slovenia and Bulgaria) with Medis. These markets are currently not served by PAION itself.

About PAION

PAION AG is a publicly listed specialty pharmaceutical company with innovative drugs to be used in hospital-based sedation, anesthesia and critical care services. PAION's lead compound is Byfavo® (remimazolam), an intravenous, ultra-short-acting and controllable benzodiazepine sedative/anesthetic. PAION is rolling out Byfavo® in selected European markets. Byfavo® is partnered in multiple territories outside of Europe. Byfavo® is approved in the U.S., the EU/EEA/UK, China and South Korea for procedural sedation and in the EU/EEA, Japan and South Korea for general anesthesia.

In addition, PAION markets two intensive care products in selected European countries: Angiotensin II (GIAPREZA®), a vasoconstrictor indicated for the treatment of refractory hypotension in adults with septic or other distributive shock, and eravacycline (XERAVA®), a novel fluorocycline type of antibiotic indicated for the treatment of complicated intra-abdominal infections in adults.

PAION's mission is to be a leading specialty pharmaceutical company in the fields of anesthesia and critical care by bringing novel products to market to benefit patients, doctors and other stakeholders in healthcare.

PAION is headquartered in Aachen (Germany).

Contact

Ralf Penner

Senior Vice President Investor Relations & Corporate Communications

PAION AG

Heussstrasse 25

52078 Aachen – Germany

Phone +49 241 4453-152

E-mail

release contains certain forward-looking statements concerning the future business of PAION AG. These forward-looking statements contained herein are based on the current expectations, estimates and projections of PAION AG's management as of the date of this release. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors. Should actual conditions differ from PAION AG's assumptions, actual results and actions may differ materially from any future results and developments expressed or implied by such forward-looking statements. Considering the risks, uncertainties and other factors involved, recipients should not rely unreasonably upon these forward-looking statements. PAION AG has no obligation to periodically update any such forward-looking statements to reflect future events or developments.