Respiratory Distress Syndrome, Adult

-Agreement extends one of the world's most enduring alliances for drug discovery- -Landmark discoveries from partnership have led to novel drug candidates, including an immunotherapy for moderate to severe atopic dermatitis currently in Phase III clinical trials- - New focus on cell and gene therapies to accelerate novel treatments for patients with unmet medical needs - LA JOLLA, Calif. and PRINCETON, N.J., April 3, 2025 /PRNewswire/ -- A 35-year academic-industry partnership that has produced groundbreaking discoveries in immunology and supported first-in-class therapies for rare disease patients has entered its 36th year with the signing of a three-year research funding agreement between La Jolla Institute for Immunology (LJI), an independent nonprofit research organization in California, and Kyowa Kirin, Inc., the wholly-owned North American subsidiary of Kyowa Kirin Co., Ltd. (Kyowa Kirin, TSE: 4151), a Japan-based global specialty pharmaceutical company. The three-year agreement marks the latest milestone in one of the world's most enduring and prolific industry-academic collaborations, conceived in 1988 by a Japanese immunologist and funded by then Kirin Brewery's emerging pharmaceutical business to advance scientific exploration and immunologic research. Today, LJI ranks among the world's top five immunology institutions, whose renowned faculty have transformed basic understanding of human immunity and paved the way for important clinical advances. Simultaneously, Kyowa Kirin has evolved into a leading global specialty pharmaceutical company that develops novel therapies for patients with rare and debilitating diseases. The company markets three therapies in North America and more than 50 products worldwide in hematology-oncology, rare bone disease, and other therapeutic areas. Together, the two organizations have created a unique alliance that blends the academic prowess of LJI with the drug development and commercialization expertise of Kyowa Kirin. Working side by side under one roof, scientists from LJI and Kyowa Kirin's La Jolla laboratories partner on joint research programs while also pursuing independent projects that accelerate the mutual interests of science and patient health. To date, the partnership has included sponsored or collaborative research projects, with, as well as top-tier journal publications authored by LJI faculty. LJI scientists have made pioneering discoveries that harness the immune system against cancer, reveal key differences between the immune systems of men and women, and provide new opportunities to protect against emerging and infectious diseases. "The unique and vibrant culture we've established over the past 35 years, coupled with the continuous research funding from Kyowa Kirin, has enabled our teams to make pioneering scientific contributions that have dramatically increased our understanding of human immunology," said LJI Professor, President & CEO Erica Ollmann Saphire, Ph.D., MBA. "Further, our proximity and open access to one another's respective scientific expertise, technical capabilities, and LJI's core facilities have fueled the identification and validation of target molecules as well as numerous candidate compounds adding life-changing value to the research we do." Kyowa Kirin's research team has advanced several of these compounds into clinical trials for a range of conditions, including ulcerative colitis, acute respiratory distress, atopic dermatitis, with preliminary data anticipated in 2025. "We're excited about our future with LJI and the opportunities it affords to shape a healthier future for patients with unmet medical needs," said Yoshifumi Torii, Ph.D., Executive Officer, Senior Vice President, Head of Global Research at Kyowa Kirin. "Pairing the best basic scientists and translational medicine researchers at the table from the beginning creates a more entrepreneurial way of thinking about drug discovery and development that promotes innovation and accelerates timelines on behalf of patients." The renewed research agreement provides LJI with multiple types of support, including research funding, faculty hiring support, and project-specific research funds relating to Kyowa Kirin's therapeutic scope. Joint research will prioritize cell and gene therapies designed to treat diseases with limited or no treatment options. This focus aligns with Kyowa Kirin's commitment to addressing some of the world's most challenging and unmet medical needs. About Kyowa Kirin Kyowa Kirin aims to discover novel medicines and treatments with life-changing value. As a Japan-based global specialty pharmaceutical company, we have invested in drug discovery and biotechnology innovation for more than 70 years. We are currently working to engineer the next generation of antibodies and cell and gene therapies with the potential to help patients with high unmet medical needs, including rare bone & mineral disorders, intractable hematologic diseases, and other hematologic/oncologic diseases. A shared commitment to our values, to sustainable growth, and to making people smile unites us across the globe. You can learn more at . About La Jolla Institute for Immunology The La Jolla Institute for Immunology is dedicated to understanding the intricacies and power of the immune system so that we may apply that knowledge to promote human health and prevent a wide range of diseases. Since its founding in 1988 as an independent, nonprofit research organization, the Institute has made numerous advances leading toward its goal: life without disease. Visit lji.org for more information. Media Contacts: Gina Kirchweger [email protected] 848.357.7481 This news release was issued on behalf of Newswise™. For more information, visit . SOURCE La Jolla Institute for Immunology WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In GET STARTED

As the first Beyond Air luminary site, Vanderbilt will help evaluate and showcase the clinical and operational benefits of LungFit® PH, supporting broader awareness and adoption of tankless iNO technologyGARDEN CITY, N.Y., March 31, 2025 (GLOBE NEWSWIRE) -- Beyond Air, Inc. (NASDAQ: XAIR) (“Beyond Air” or the “Company”), a commercial-stage medical device and biopharmaceutical company focused on harnessing the power of nitric oxide (NO) to improve the lives of patients, today announced that Vanderbilt University Medical Center (VUMC) has become the Company’s first luminary site. This collaboration marks a major milestone in Beyond Air’s mission to redefine tankless nitric oxide (iNO) delivery and drive continued innovation in respiratory care. As one of the nation’s leading academic medical centers, VUMC is at the forefront of advancing healthcare through cutting-edge research and clinical excellence. Through the luminary program with VUMC, Beyond Air aims to further optimize its LungFit products and explore new opportunities to enhance hospital-based nitric oxide therapy. “The introduction of this advanced nitric oxide delivery device marks a transformative step for respiratory therapists at Vanderbilt University Medical Center,” says Craig Rooks, Sr. Director, Respiratory Care and Acute Rehabilitation Services at VUMC. “By streamlining setup and management processes, the LungFit PH significantly enhances workflow efficiency, allowing therapists to focus more on patient care and outcomes within the ICU. The device empowers anesthesiologists to manage it directly in the operating room, reducing reliance on additional staff and ensuring seamless integration into OR workflows. As we prepare to expand both our heart and lung transplant programs — following a record year of heart transplants in 2024 — implementing simple, innovative technology that works across multiple settings will be critical. This innovation is a testament to our commitment to equipping healthcare professionals with tools that make a real difference.” "Establishing our first luminary site with Vanderbilt University Medical Center is an important step forward for Beyond Air as it will allow us to showcase the full utility of the LungFit PH technology to respiratory therapists, anesthesiologists, medical directors and other relevant clinicians at hospitals considering adopting our cylinder-free, iNO delivery system. There is no stronger endorsement for a medical device than a hospital that has fully integrated it into patient care. We look forward to welcoming representatives from potential customer hospitals to Vanderbilt University Medical Center to experience firsthand the benefits that LungFit PH can offer both hospitals and their patients," said Steve Lisi, Chairman and Chief Executive Officer of Beyond Air. "Vanderbilt’s commitment to medical innovation makes them an ideal partner as we continue to push the boundaries of what’s possible in iNO technology and delivery." Beyond Air’s LungFit PH generates nitric oxide from room air, eliminating the need for traditional high-pressure cylinders. This tankless technology streamlines operations, enhances efficiency, and supports sustainability efforts within hospital settings. The collaboration with Vanderbilt reinforces Beyond Air’s dedication to advancing next-generation iNO solutions. Potential customers can visit the LungFit PH website, www.lungfitph.com for additional information, including the product label, and to sign up for company updates. About Beyond Air®, Inc. Beyond Air is a commercial-stage medical device and biopharmaceutical company dedicated to harnessing the power of endogenous and exogenous nitric oxide (NO) to improve the lives of patients suffering from respiratory illnesses, neurological disorders, and solid tumors. The Company has received FDA approval and CE Mark for its first system, LungFit PH, for the treatment of term and near-term neonates with hypoxic respiratory failure. Beyond Air is currently advancing its other revolutionary LungFit systems in clinical trials for the treatment of severe lung infections such as viral community-acquired pneumonia (including COVID-19) and nontuberculous mycobacteria (NTM). The Company has also partnered with The Hebrew University of Jerusalem to advance a pre-clinical program dedicated to the treatment of autism spectrum disorder (ASD) and other neurological disorders. Additionally, Beyond Cancer, Ltd., an affiliate of Beyond Air, is investigating ultra-high concentrations of NO with a proprietary delivery system to target certain solid tumors in the pre-clinical setting. For more information, visit www.beyondair.net. About LungFit®* Beyond Air’s LungFit is a cylinder-free, phasic flow generator and delivery system designated as a medical device by the U.S. Food and Drug Administration (FDA). The ventilator-compatible version of the device can generate NO from ambient air on demand for delivery to the lungs at concentrations ranging from 1 ppm to 80 ppm. The LungFit system could potentially replace large, high-pressure NO cylinders, providing significant advantages in the hospital setting, including greatly reducing inventory and storage requirements, improving overall safety by eliminating NO2 purging steps, and offering other operational benefits. LungFit can also deliver NO at concentrations at or above 80 ppm for potentially treating severe acute lung infections in the hospital setting (e.g., COVID-19, bronchiolitis) and chronic, refractory lung infections in the home setting (e.g., NTM). With the elimination of cylinders, Beyond Air intends to offer NO treatment in the home setting. *Beyond Air’s LungFit PH is approved for commercial use in the United States, European Union, Australia, Thailand and New Zealand. Beyond Air’s other LungFit systems are not approved for commercial use and are for investigational use only. Beyond Air is not suggesting NO use over 80 ppm or use at home. About Nitric Oxide Nitric Oxide (NO) is a powerful molecule, naturally synthesized in the human body, proven to play a critical role in a broad array of biological functions. In the airways, NO targets the vascular smooth muscle cells that surround the small resistance arteries in the lungs. Currently, exogenous inhaled NO is used in adult respiratory distress syndrome, post-cardiac surgery, and persistent pulmonary hypertension of the newborn to treat hypoxemia. Additionally, NO is believed to play a key role in the innate immune system, and in vitro studies suggest that NO possesses anti-microbial activity not only against common bacteria—including both gram-positive and gram-negative—but also against other diverse pathogens, including mycobacteria, viruses, fungi, yeast, and parasites, and has the potential to eliminate multi-drug-resistant strains. Forward Looking Statements This press release contains “forward-looking statements” concerning the potential safety and efficacy of inhaled nitric oxide and the ultra-high concentration nitric oxide product candidate, as well as its therapeutic potential in a number of indications; and the potential impact on patients and anticipated benefits associated with inhaled nitric oxide and the ultra-high concentration nitric oxide product candidate. Forward-looking statements include statements about expectations, beliefs, or intentions regarding product offerings, business, results of operations, strategies or prospects. You can identify such forward-looking statements by the words “appears,” “expects,” “plans,” “anticipates,” “believes” “expects,” “intends,” “looks,” “projects,” “goal,” “assumes,” “targets” and similar expressions and/or the use of future tense or conditional constructions (such as “will,” “may,” “could,” “should” and the like) and by the fact that these statements do not relate strictly to historical or current matters. Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from any future results expressed or implied by the forward-looking statements. These forward-looking statements are only predictions and reflect views as of the date they are made with respect to future events and financial performance. Many factors could cause actual activities or results to differ materially from the activities and results anticipated in forward-looking statements, including risks related to the ability to raise additional capital; the timing and results of future pre-clinical studies and clinical trials; the potential that regulatory authorities, including the FDA and comparable non-U.S. regulatory authorities, may not grant or may delay approval for our product candidates; the approach to discover and develop novel drugs, which is unproven and may never lead to efficacious or marketable products; the ability to fund and the results of further pre-clinical studies and clinical trials of our product candidates; obtaining, maintaining and protecting intellectual property utilized by products; obtaining regulatory approval for products; competition from others using similar technology and others developing products for similar uses; dependence on collaborators; and other risks, which may, in part, be identified and described in the “Risk Factors” section of Beyond Air’s most recent Annual Report on Form 10-K and other of its filings with the Securities and Exchange Commission, all of which are available on Beyond Air’s website. Beyond Air and Beyond Cancer undertake no obligation to update, and have no policy of updating or revising, these forward-looking statements, except as required by applicable law. Contacts Investor Relations contacts Corey Davis, Ph.D. LifeSci Advisors, LLC Cdavis@lifesciadvisors.com (212) 915-2577

Received European Commission approval for GOHIBIC® (vilobelimab) for the treatment of SARS-CoV-2-induced acute respiratory distress syndrome (ARDS)Achieved 30-patient recruitment milestone in Phase 3 vilobelimab trial in pyoderma gangrenosum (PG) to enable an expected interim analysis for trial size adaptation or futility by the end of May 2025Dosed first patient in Phase 2a trial for oral C5aR inhibitor, INF904, with topline data in chronic spontaneous urticaria (CSU) and hidradenitis suppurativa (HS) expected in summer 2025Multiple data presentations at AAD 2025 highlighting the potential of vilobelimab in reducing systemic inflammationCash, cash equivalents and marketable securities of €55.2 million as of December 31, 2024Additional €28.7 million ($30.0 million) in gross proceeds subsequently raised by an underwritten public offering of ordinary shares and pre-funded warrants on February 18, 2025InflaRx’s cash runway significantly extended, with sufficient cash, cash equivalents and marketable securities to fund currently planned operations into 2027 JENA, Germany, March 20, 2025 (GLOBE NEWSWIRE) -- InflaRx N.V. (Nasdaq: IFRX), a biopharmaceutical company pioneering anti-inflammatory therapeutics by targeting the complement system, today announced its financial results for the year ended December 31, 2024, highlighting recent operational achievements and expected milestones for 2025. Prof. Niels C. Riedemann, Chief Executive Officer and Founder of InflaRx, commented: “2024 was a highly productive year for InflaRx, with the company achieving all major development and regulatory goals across its pipeline programs and making meaningful progress in addressing critical medical needs in inflammatory diseases.” He continued: “We look forward to a catalyst-rich year in 2025 as we continue to advance our pipeline, including reaching the interim analysis for the Phase 3 trial with vilobelimab in pyoderma gangrenosum and reporting top-line Phase 2a data in chronic spontaneous urticaria and hidradenitis suppurativa with INF904, our oral C5aR inhibitor with best-in-class potential." Select recent highlights and expected milestones INF904 in CSU and HS – Topline Phase 2a data expected in summer 2025 In December 2024, InflaRx announced that the first patient had been dosed in its Phase 2a basket study with INF904 in CSU and HS. This is a multi-center, open-label study evaluating multiple INF904 dosing regimens over 4 weeks of treatment in a total of 75 patients (45 in CSU and 30 in HS). The goal of the trial is to generate additional safety and pharmacokinetic (PK) data and to provide signs of clinical benefit. After the 4-week treatment period, patients will be followed for an additional 4 weeks. Topline data from this study are expected in the summer of 2025, with a goal of informing the planning and design of a larger, longer-term Phase 2b study by year-end 2025. InflaRx believes CSU and HS each has potential addressable markets of $1 billion or more for INF904. The Company also believes INF904 could address meaningful opportunities in additional immuno-dermatology and immuno-inflammatory indications, including in nephrology, neurology and hematology. While InflaRx intends to focus its resources on its immediate goals addressing CSU and HS, the Company continues to assess and monitor the value of pursuing additional areas and applications via potential future collaborations with partners. Vilobelimab in PG – Pivotal Phase 3 trial interim analysis expected by the end of May 2025 In November 2024, InflaRx announced that it had achieved the 30-patient recruitment milestone in its ongoing Phase 3 vilobelimab trial in PG. This is expected to enable the interim analysis for trial size adaptation or futility by the end of May 2025. Trial enrollment continues. The study dosed its first patient in November 2023 and has an adaptive design with an interim analysis (unblinded only for the independent data monitoring committee), which is planned when 30 patients randomized 1:1 to the two arms have completed treatment. The interim analysis with a set of predefined rules will consider the then-observed difference in complete target ulcer closure between the two arms and will then determine whether the trial sample size will be adapted or whether the trial should be stopped due to futility. The enrollment period is projected to last at least two years, and its overall period will depend on the total trial size after sample size adaptation. The Phase 3 trial is a multi-national, randomized, double-blind, placebo-controlled pivotal study assessing the benefit of vilobelimab for treating ulcerative PG, a rare, chronic inflammatory form of neutrophilic dermatosis characterized by accumulation of neutrophils in the affected skin areas. The trial has two arms: (1) vilobelimab plus a low dose of corticosteroids and (2) placebo plus the same dose of corticosteroids, both tapered over an 8-week period. The primary endpoint of the study is complete closure of the target ulcer measured at two consecutive visits at any time up to 26 weeks after initiation of treatment. Vilobelimab has been granted orphan drug designation for the treatment of PG by both the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), as well as fast track designation by the FDA. Vilobelimab presentations at the 2025 AAD Annual Meeting During the 2025 American Academy of Dermatology (AAD) Annual Meeting held March 7 – 11 in Orlando, FL, vilobelimab was featured in multiple sessions. Collectively, these data highlighted the utility of vilobelimab in treating multiple inflammatory conditions, including PG and HS, with supporting evidence from clinical efficacy data, safety assessments, and pharmacokinetic and pharmacodynamic analyses. GOHIBIC (vilobelimab) granted EU marketing authorization In January 2025, the European Commission (EC) granted marketing authorization under exceptional circumstances for GOHIBIC (vilobelimab) for the treatment of adult patients with SARS-CoV-2-induced ARDS who are receiving systemic corticosteroids as part of standard of care and receiving invasive mechanical ventilation (IMV) with or without extracorporeal membrane oxygenation (ECMO). GOHIBIC (vilobelimab) is the first and only treatment approved in the European Union (EU) for the treatment of SARS-CoV-2-induced ARDS. The marketing authorization under exceptional circumstances for GOHIBIC (vilobelimab) is valid in all 27 EU member states as well as Iceland, Liechtenstein, and Norway. InflaRx is considering commercial partnering and distribution options in the EU and does not expect this approach will have a materially negative impact on its cash burn rate. In June 2024, InflaRx announced that GOHIBIC (vilobelimab) had been selected by the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services, as one of three investigational therapies to be assessed in a Phase 2 clinical platform study exploring potential new options for the treatment of ARDS. Vilobelimab is one of three host-directed investigational drugs assessed in this study, with the safety and efficacy of each investigational drug to be studied in its own patient cohort and compared against placebo. This Phase 2 platform study is expected to collect data in order to define subsets of patients with ARDS who may benefit from specific host-directed therapeutics and to inform the design of potential Phase 3 studies. Dr. Thomas Taapken, Chief Financial Officer of InflaRx, said: “With our recent successful capital raise and the efficient utilization of our balance sheet, InflaRx is on solid financial footing, enabling us to efficiently advance our key development programs. Importantly, our cash runway into 2027 should allow us to reach several value inflection points, including the end-of-May interim analysis for the vilobelimab Phase 3 study in pyoderma gangrenosum, along with the eventual readout of this trial, as well as the INF904 Phase 2a topline data this summer.” Financing activities In February 2025, the company completed an underwritten public offering of ordinary shares and pre-funded warrants leading to gross proceeds from the offering of €28.7 million ($30.0 million), before deducting the underwriting discount and offering expenses. 2024 Financial highlightsRevenue In 2024, we realized revenues from product sales of GOHIBIC (vilobelimab) in the amount of €0.2 million, which represents an increase of €0.1 million compared to the prior year. Revenues reported are sales to end customers (hospitals). Sales to distributors do not constitute revenue for the Company. All revenues are attributed to sales made in the United States. Cost of sales Cost of sales increased by €2.8 million in 2024 compared to the corresponding costs for 2023, primarily due to higher inventory write-downs of €2.8 million as a result of quantities on hand exceeding quantities expected to be sold prior to expiry. Marketing and sales expenses Marketing and sales expenses increased by €2.8 million in 2024 compared to 2023, as 2024 represented the first full year of commercial efforts for GOHIBIC (vilobelimab) in the United States. In 2023, marketing and sales expenses were only incurred during the second half of the year. Research and development expenses Research and development expenses decreased by €5.7 million to €35.4 million in 2024 compared to the year 2023. This decrease was primarily attributable to €8.7 million lower third-party costs from manufacturing development activities and from clinical trials, offset by €1.6 million higher personnel expenses and €1.4 million higher other expenses compared to the previous year. Other expenses include a one-off milestone contractual payment of $1.0 million (€1.0 million) relating to market authorization for GOHIBIC (vilobelimab) in the EU. General and administrative expenses General and administrative expenses increased by €0.4 million to €13.0 million for the year ended December 31, 2024, from €12.6 million for the year ended December 31, 2023. This increase is comprised of higher personnel expenses of €0.9 million and partially offset by a decrease in legal and consulting expenses of €0.4 million and a decrease in insurance expenses of €0.4 million. Other income Other income decreased by €7.9 million in 2024 compared to the year 2023 due primarily to lower income from government grants. In June 2023, our grant from the German Ministry of Education and Research and the German Ministry of Health to support the development of vilobelimab for the treatment of severe COVID-19 patients ended. In 2024, upon qualifying for an allowance under the German Research Allowance Act, we recognized €5.1 million in income relating to expenses, eligible for reimbursement, which were incurred in the years 2020 to 2024. We remain eligible for additional research allowances for eligible expenses to be incurred from 2025 to 2027. Net financial result Net financial result increased by €4.7 million to a gain of €6.9 million in 2024 compared to €2.2 million in 2023. This overall net increase is mainly attributable to an increase of €5.5 million in foreign exchange results, partially offset by €0.6 million lower interest income from marketable securities compared to 2023. Net loss We incurred a net loss of €46.1 million, or €0.78 per ordinary share, in 2024, compared to €42.7 million, or €0.78 per ordinary share, in 2023. Liquidity and capital resources As of December 31, 2024, our total funds available amounted to approximately €55.2 million, comprised of €18.4 million of cash and cash equivalents and €36.8 million of marketable securities. Net cash used in operating activities Net cash used in operating activities increased to €48.6 million in 2024, from €37.8 million in 2023, mainly due to lower income recognized from German federal government grants and research allowances Additional financial information Additional information regarding these results and other relevant information is included in the notes to the financial statements in “Item 18. Financial Statements”, which are included in InflaRx’s most recent annual report on Form 20-F as filed today with the U.S. Securities and Exchange Commission (SEC). InflaRx N.V. and subsidiariesConsolidated statements of operations and comprehensive lossfor the years ended December 31, 2024, 2023 and 2022 2024 2023 2022 (in €, except for share data) Revenues 165,789 63,089 — Cost of sales (3,317,039) (532,262) — Gross profit (3,151,250) (469,173) — Marketing and sales expenses (6,756,595) (4,001,299) — Research and development expenses (35,363,897) (41,024,131) (37,526,090)General and administrative expenses (13,024,441) (12,628,756) (14,869,564)Other income 5,287,616 13,219,704 20,159,169 Other expenses (297) (4,440) (1,381)Operating result (53,008,864) (44,908,096) (32,237,866)Finance income 3,196,813 3,804,827 608,679 Finance expenses (20,655) (35,628) (45,250)Foreign exchange result 3,670,235 (1,841,872) 2,442,297 Other financial result 103,285 313,240 (252,471)Income taxes (5,217) — — Loss for the period (46,064,402) (42,667,529) (29,484,611)Other comprehensive income (loss) that may be reclassified to profit or loss in subsequent periods: Exchange differences on translation of foreign currency 58,344 125,085 4,206,810 TOTAL COMPREHENSIVE LOSS (46,006,058) (42,542,444) (25,277,801) Share information Weighted average number of shares outstanding 58,918,678 54,940,137 44,207,873 Loss per share (basic/diluted) (0.78) (0.78) (0.67) InflaRx N.V. and subsidiariesConsolidated statements of financial position as of December 31, 2024 and 2023 December 31, 2024 December 31, 2023ASSETS (in €)Non-current assets Property and equipment 256,280 289,577 Right-of-use assets 758,368 1,071,666 Intangible assets 50,781 68,818 Other assets 204,233 257,267 Financial assets 3,092,290 9,052,741 Total non-current assets 4,361,952 10,740,069 Current assets Inventories 6,897,666 11,367,807 Current other assets 5,103,402 4,036,649 Other assets from government grants and research allowance 5,081,772 — Tax receivable 1,735,335 3,791,564 Other financial assets 34,462,352 77,504,518 Cash and cash equivalents 18,375,979 12,767,943 Total current assets 71,656,505 109,468,482 TOTAL ASSETS 76,018,457 120,208,551 EQUITY AND LIABILITIES Equity Issued capital 7,122,205 7,065,993 Share premium 334,929,685 334,211,338 Other capital reserves 44,115,861 40,050,053 Accumulated deficit (332,192,221) (286,127,819)Other components of equity 7,440,510 7,382,166 Total equity 61,416,039 102,581,730 Non-current liabilities Lease liabilities 399,066 745,716 Other liabilities 36,877 36,877 Total non-current liabilities 435,943 782,593 Current liabilities Trade and other payables 11,394,232 11,974,362 Lease liabilities 406,020 374,329 Employee benefits 2,064,678 1,609,766 Other liabilities 301,544 2,885,772 Total current liabilities 14,166,475 16,844,228 Total liabilities 14,602,417 17,626,822 TOTAL EQUITY AND LIABILITIES 76,018,457 120,208,552 InflaRx N.V. and subsidiariesConsolidated statements of changes in shareholders’ equityfor the years ended December 31, 2024, 2023 and 2022 in €Issuedcapital Sharepre­mium Othercapitalreserves Ac­cu­mu­lateddeficit Othercom­­po­nentsof equity Totalequity Balance as of January 01, 20225,304,452 280,310,744 30,591,209 (213,975,679) 3,050,270 105,280,996 Loss for the Period— — — (29,484,611) — (29,484,611)Exchange differences on translation of foreign currency— — — — 4,206,810 4,206,810 Total Comprehensive Loss— — — (29,484,611) 4,206,810 (25,277,801)Issuance of ordinary shares60,000 2,289,624 — — — 2,349,624 Transaction costs— (47,735) — — — (47,735)Equity-settled share-based pay­ments— — 6,044,356 — — 6,044,356 Balance as of December 31, 20225,364,452 282,552,633 36,635,564 (243,460,290) 7,257,080 88,349,440 Loss for the Period— — — (42,667,529) — (42,667,529)Exchange differences on translation of foreign currency— — — — 125,085 125,085 Total Comprehensive Loss— — — (42,667,529) 125,085 (42,542,444)Issuance of ordinary shares1,687,110 54,796,819 — — — 56,483,929 Transaction costs— (3,360,626) — — — (3,360,626)Equity-settled share-based pay­ments— — 3,414,489 — — 3,414,489 Share options exercised14,431 222,512 — — — 236,943 Balance as of December 31, 20237,065,993 334,211,338 40,050,053 (286,127,819) 7,382,166 102,581,730 Loss for the Period— — — (46,064,402) — (46,064,402)Exchange differences on translation of foreign currency— — — — 58,344 58,344 Total Comprehensive Loss— — — (46,064,402) 58,344 (46,006,058)Issuance of ordinary shares56,213 1,042,076 — — — 1,098,289 Transaction costs— (323,729) — — — (323,729)Equity-settled share-based pay­ments— — 4,065,807 — — 4,065,807 Balance as of December 31, 20247,062,206 334,929,685 44,115,861 (332,192,221) 7,440,510 61,416,039 InflaRx N.V. and subsidiariesConsolidated statements of cash flowsfor the years ended December 31, 2024, 2023 and 2022 2024 2023 2022 (in €)Operating activities Loss for the period (46,064,402) (42,667,529) (29,484,611)Adjustments for: Depreciation & amortization of property and equipment, right-of-use assets and intangible assets 485,114 567,780 596,597 Net finance income (6,949,679) (2,240,566) (2,753,255)Share-based payment expense 4,065,807 3,414,489 6,044,356 Net foreign exchange differences (37,101) 413,017 385,359 Changes in: Other assets from government grants and research allowances (5,081,772) 732,971 (732,971)Other assets 1,042,513 7,825,181 (3,308,485)Employee benefits 454,912 297,518 (64,024)Other liabilities (2,584,228) 2,738,164 9,403 Liabilities from government grants received — (6,209,266) (2,090,734)Trade and other payables (580,129) 6,986,824 (3,586,706)Inventories 4,470,141 (11,367,807) — Interest received 2,243,197 1,732,284 1,287,200 Interest paid (21,064) (36,025) (44,946)Net cash used in operating activities (48,556,690) (37,812,966) (33,742,817)Investing activities Purchase of intangible assets and property and equipment (46,871) (81,100) (162,391)Purchase of current and non-current financial assets (35,340,107) (104,051,972) (64,474,543)Proceeds from the maturity of current financial assets 87,751,331 86,436,456 83,995,029 Net cash from/ (used in) investing activities 52,364,354 (17,696,616) 19,358,095 Financing activities Proceeds from issuance of ordinary shares 1,098,289 56,483,929 2,349,624 Transaction costs from issuance of ordinary shares (323,729) (3,360,626) (47,735)Proceeds from exercise of share options — 236,943 — Repayment of lease liabilities (388,114) (373,977) (364,430)Net cash from financing activities 386,446 52,986,269 1,937,459 Net in-/decrease in cash and cash equivalents 4,194,110 (2,523,313) (12,447,262)Effect of exchange rate changes on cash and cash equivalents 1,413,926 (974,099) 2,462,622 Cash and cash equivalents at beginning of period 12,767,943 16,265,355 26,249,995 Cash and cash equivalents at end of period 18,375,979 12,767,943 16,265,355 About GOHIBIC (vilobelimab) In the EU, GOHIBIC (vilobelimab) has been granted marketing authorization under exceptional circumstances for the treatment of adult patients with SARS-CoV-2-induced acute respiratory distress syndrome (ARDS) who are receiving systemic corticosteroids as part of standard of care and receiving invasive mechanical ventilation (IMV) (with or without extracorporeal membrane oxygenation (ECMO)). The EU approval of GOHIBIC (vilobelimab) is supported by the previously announced results of the multicenter Phase 3 PANAMO trial, one of the largest 1:1 randomized, double-blind, placebo-controlled trials in invasively mechanically ventilated COVID-19 patients in intensive care units. The results showed that vilobelimab treatment improved survival with a relative reduction in 28-day all-cause mortality of 23.9% compared to placebo in the global data set. The data were published in The Lancet Respiratory Medicine. A marketing authorization under exceptional circumstances is recommended when the benefit/risk assessment is determined to be positive but, due to the rarity of the disease, it’s unlikely that comprehensive data can be obtained under normal conditions of use. Under the terms of GOHIBIC (vilobelimab)’s approval in the EC, InflaRx will provide annual updates to EMA on the previously announced clinical platform study planned by the Biomedical Advanced Research and Development Authority (BARDA). Vilobelimab is included in this study as one of three new potential therapies for treating ARDS. In the U.S., GOHIBIC (vilobelimab) has been granted an Emergency Use Authorization by the Food and Drug Administration (FDA) for the treatment of COVID-19 in hospitalized adults when initiated within 48 hours of receiving IMV or ECMO. The emergency use of GOHIBIC (vilobelimab) is only authorized for the duration of the declaration that circumstances exist justifying the authorization of the emergency use of drugs and biological products during the COVID-19 pandemic under Section 564(b)(1) of the Act, 21 U.S.C. § 360bbb-3(b)(1), unless the declaration is terminated, or authorization revoked sooner. GOHIBIC (vilobelimab) is an investigational drug that has not been approved by the FDA for any indication, including for the treatment of COVID-19. There is limited information known about the safety and effectiveness of using GOHIBIC (vilobelimab) to treat people in the hospital with COVID-19. Please see additional information in the Fact Sheet for Healthcare Providers, Fact Sheet for Patients and Parents/Caregivers and FDA Letter of Authorization on the GOHIBIC (vilobelimab) website http://www.gohibic.com. Important Safety Information about GOHIBIC (vilobelimab) There are limited clinical data available for GOHIBIC (vilobelimab). Serious and unexpected adverse events (AEs) may occur that have not been previously reported with GOHIBIC (vilobelimab) use. GOHIBIC (vilobelimab) has been associated with an increase of serious infections. In patients with COVID-19, monitor for signs and symptoms of new infections during and after treatment with GOHIBIC (vilobelimab). Hypersensitivity reactions have been observed with GOHIBIC (vilobelimab). If a severe hypersensitivity reaction occurs, administration of GOHIBIC (vilobelimab) should be discontinued and appropriate therapy initiated. The most common adverse reactions (incidence ≥3%) are pneumonia, sepsis, delirium, pulmonary embolism, hypertension, pneumothorax, deep vein thrombosis, herpes simplex, enterococcal infection, bronchopulmonary aspergillosis, hepatic enzyme increased, urinary tract infection, hypoxia, thrombocytopenia, pneumomediastinum, respiratory tract infection, supraventricular tachycardia, constipation, and rash. Healthcare providers and/or their designee are responsible for mandatory FDA MedWatch reporting of all medication errors and serious AEs or deaths that occur during GOHIBIC (vilobelimab) treatment and are considered to be potentially attributable to GOHIBIC (vilobelimab). Report side effects to the FDA at 1-800-FDA-1088 or www.FDA.gov/medwatch. In addition, side effects can be reported to InflaRx at: pvusa@inflarx.de. For the full prescribing information and additional important safety information, please visit www.GOHIBIC.com. The COVID-19 related work described herein was partly funded by the German Federal Government through grant number 16LW0113 (VILO-COVID). All responsibility for the content of this work lies with InflaRx. About vilobelimab Vilobelimab is a first-in-class monoclonal anti-human complement factor C5a antibody, which highly and effectively blocks the biological activity of C5a and demonstrates high selectivity towards its target in human blood. Thus, vilobelimab leaves the formation of the membrane attack complex (C5b-9) intact as an important defense mechanism of the innate immune system, which is not the case for molecules blocking C5. In pre-clinical studies, vilobelimab has been shown to control the inflammatory response-driven tissue and organ damage by specifically blocking C5a as a key “amplifier” of this response. Vilobelimab is being developed for various debilitating or life-threatening inflammatory indications, including pyoderma gangrenosum (PG). Vilobelimab has been granted orphan drug designation for the treatment of PG by both the FDA and the EMA, as well as fast track designation by the FDA. About INF904 INF904 is an orally administered, small molecule inhibitor of the C5a receptor that has shown anti-inflammatory therapeutic effects in several pre-clinical disease models. Further, in contrast to the marketed C5aR inhibitor, in vitro experiments demonstrated that INF904 has minimal inhibition of the cytochrome P450 3A4/5 (CYP3A4/5) enzymes, which play an important role in the metabolism of a variety of metabolites and drugs, including glucocorticoids. Reported results from a first-in-human study demonstrated that INF904 is well tolerated in treated subjects and exhibits no safety signals of concern in single doses ranging from 3 mg to 240 mg or multiple doses ranging from 30 mg once per day (QD) to 90 mg twice per day (BID) for 14 days. PK / pharmacodynamic data support the best-in-class potential of INF904 with a ≥90% blockade of C5a-induced neutrophil activation achieved over the 14-day dosing period. About InflaRx N.V. InflaRx GmbH (Germany) and InflaRx Pharmaceuticals Inc. (USA) are wholly owned subsidiaries of InflaRx N.V. (together, InflaRx). InflaRx (Nasdaq: IFRX) is a biopharmaceutical company pioneering anti-inflammatory therapeutics by applying its proprietary anti-C5a and anti-C5aR technologies to discover, develop and commercialize highly potent and specific inhibitors of the complement activation factor C5a and its receptor C5aR. C5a is a powerful inflammatory mediator involved in the progression of a wide variety of inflammatory diseases. InflaRx’s lead product candidate, vilobelimab, is a novel, intravenously delivered, first-in-class, anti-C5a monoclonal antibody that selectively binds to free C5a and has demonstrated disease-modifying clinical activity and tolerability in multiple clinical studies in different indications. InflaRx is also developing INF904, an orally administered small molecule inhibitor of C5a-induced signaling via the C5a receptor. InflaRx was founded in 2007, and the group has offices and subsidiaries in Jena and Munich, Germany, as well as Ann Arbor, MI, USA. For further information, please visit www.inflarx.de. Contacts: InflaRx N.V.MC Services AGJan Medina, CFAVice President, Head of Investor RelationsEmail: IR@inflarx.deKatja Arnold, Laurie Doyle, Dr. Regina LutzEmail: inflarx@mc-services.eu Europe: +49 89-210 2280U.S.: +1-339-832-0752 * Eligibility Requirements, Terms and Conditions apply. Please see the full Terms and Conditions provided on the webpage: The InflaRx Commitment Program. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “estimate,” “believe,” “predict,” “potential” or “continue,” among others. Forward-looking statements appear in a number of places throughout this release and may include statements regarding our intentions, beliefs, projections, outlook, analyses and current expectations concerning, among other things, the receptiveness of GOHIBIC (vilobelimab) as a treatment for COVID-19 by COVID-19 patients and U.S. hospitals and related treatment recommendations by medical/healthcare institutes and other third-party organizations, our ability to successfully commercialize and the receptiveness of GOHIBIC (vilobelimab) as a treatment for COVID-19 by COVID-19 patients and U.S. hospitals or our other product candidates; our expectations regarding the size of the patient populations for, market opportunity for, coverage and reimbursement for, estimated returns and return accruals for, and clinical utility of GOHIBIC (vilobelimab) in its approved or authorized indications or for vilobelimab and any other product candidates, under an EUA and in the future if approved for commercial use in the U.S. or elsewhere; our ability to successfully implement The InflaRx Commitment Program, the success of our future clinical trials for vilobelimab’s treatment of COVID-19 and other debilitating or life-threatening inflammatory indications, including PG, and any other product candidates, including INF904, and whether such clinical results will reflect results seen in previously conducted pre-clinical studies and clinical trials; the timing, progress and results of pre-clinical studies and clinical trials of our product candidates and statements regarding the timing of initiation and completion of studies or trials and related preparatory work, the period during which the results of the trials will become available, the costs of such trials and our research and development programs generally; our interactions with regulators regarding the results of clinical trials and potential regulatory approval pathways, including related to our biologics license application submission for GOHIBIC (vilobelimab), and our ability to obtain and maintain full regulatory approval of vilobelimab or GOHIBIC (vilobelimab) for any indication; whether the FDA, or any comparable foreign regulatory authority will accept or agree with the number, design, size, conduct or implementation of our clinical trials, including any proposed primary or secondary endpoints for such trials; our expectations regarding the scope of any approved indication for vilobelimab; our ability to leverage our proprietary anti-C5a and C5aR technologies to discover and develop therapies to treat complement-mediated autoimmune and inflammatory diseases; our ability to protect, maintain and enforce our intellectual property protection for vilobelimab and any other product candidates, and the scope of such protection; our manufacturing capabilities and strategy, including the scalability and cost of our manufacturing methods and processes and the optimization of our manufacturing methods and processes, and our ability to continue to rely on our existing third-party manufacturers and our ability to engage additional third-party manufacturers for our planned future clinical trials and for commercial supply of vilobelimab and for the finished product GOHIBIC (vilobelimab); our estimates of our expenses, ongoing losses, future revenue, capital requirements and our needs for or ability to obtain additional financing; our ability to defend against liability claims resulting from the testing of our product candidates in the clinic or, if approved, any commercial sales; if any of our product candidates obtain regulatory approval, our ability to comply with and satisfy ongoing obligations and continued regulatory overview; our ability to comply with enacted and future legislation in seeking marketing approval and commercialization; our future growth and ability to compete, which depends on our retaining key personnel and recruiting additional qualified personnel; and our competitive position and the development of and projections relating to our competitors in the development of C5a and C5aR inhibitors or our industry; and the risks, uncertainties and other factors described under the heading “Risk Factors” in our periodic filings with the SEC. These statements speak only as of the date of this press release and involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements, and we assume no obligation to update these forward-looking statements, even if new information becomes available in the future, except as required by law.