FOL-005 is a modified short version of the endogenous protein, osteopontin. In the recently completed

phase I/IIa study, FOL-005 was shown to be effective and safe in stimulating hair growth with 3 out of 4

subjects responding with increased hair growth. The present Phase IIa study aims to investigate the safety

and effect of different doses of the drug candidate FOL-005 or placebo, administered as injections at two

sites on the scalp. The study is expected to be completed in late 2018.

CEO Jan Alenfall commented:

”This is a major milestone for Follicum. Our intention with the forthcoming study is to confirm the interesting

results from the recently completed study, where we saw both good efficacy and safety as well as a very high

patient response. Hair loss is a poorly served indication, with little innovation or success to date. We hope that

FOL-005 will provide a breakthrough.”