Nordic Nanovector Appoints Tone Kvåle as Interim Chief Executive Officer

OSLO, Norway, April 20, 2018 /PRNewswire/ --

Nordic Nanovector ASA (OSE: NANO) announces that it has appointed Tone Kvåle to the position of Interim Chief Executive Officer (CEO) in addition to her current role as Chief Financial Officer. The appointment is made to conform to Norwegian Companies Law. A search for a full-time CEO is progressing.

Nordic Nanovector is committed to develop and deliver innovative therapies to patients to address major unmet medical needs and advance cancer care. The Company aspires to become a leader in the development of targeted therapies for haematological cancers. Nordic Nanovector's lead clinical-stage candidate is Betalutin®, a novel CD37-targeting Antibody-Radionuclide-Conjugates (ARC) designed to advance the treatment of non-Hodgkin's Lymphoma (NHL). NHL is an indication with substantial unmet medical need, representing a growing market forecast to be worth nearly USD 20 billion by 2024. Nordic Nanovector intends to retain marketing rights and to actively participate in the commercialisation of Betalutin® in core markets. The Company is also advancing a pipeline of ARCs and other immunotherapies for multiple cancer indications. Further information about the Company can be found at www.nordicnanovector.com

CONTACT:

For further information, please contact:

Ludvik Sandnes, Chairman

Cell: +47-907-43017

Email: lsandnes@nordicnanovector.com

Malene Brondberg, VP Investor Relations and Corporate Communications

Cell: +44-7561-431-762

Email: ir@nordicnanovector.com

Media Enquiries

Mark Swallow/David Dible/Isabelle Andrews (Citigate Dewe Rogerson)

Tel: +44-207-638-9571

Email: nordicnanovector@citigatedewerogerson.com

About Nordic Nanovector

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SOURCE Nordic Nanovector