TIDMLLAI

RNS Number : 2575A

LungLife AI, INC

23 May 2023

LungLife AI, Inc.

(the "Company" or "LungLife")

Enrolment completed for pivotal validation study of LungLB(R)

Company to work with clinical sites to ensure data quality ahead of analysis and readout

LungLife AI (AIM: LLAI), a developer of clinical diagnostic solutions for lung cancer, announces the completion of enrolment for its prospective, pivotal validation study of LungLB(R). Since February 2022, 425 study participants have been enrolled from seventeen sites across the United States from leading academic medical centres and Veterans Affairs hospitals.

The Company is now focused on preparing the data for detailed analysis, including working with each clinical site to finalise monitoring of study data before it is unblinded. Monitoring ensures complete, accurate, and high-quality information will be received for all participants in the study prior to final analyses and results interpretation. In line with expectations, the Company estimates this process will take between 3-4 months, at which point the study results are expected to be known. Following this, the Company will seek to publish the study findings in a peer-reviewed medical journal.

Commenting, Paul Pagano, Chief Executive Officer of LungLife, said : "Completing enrolment is a considerable milestone along the path to commercialisation, and we are pleased that we continue to remain on-track with the timeline set out at IPO. We would like to thank our clinical investigators and their teams, and importantly the study participants, for taking part in our trial and for their continued support with study close-out."

For further information please contact:

 
LungLife AI, Inc.                                                         www.lunglifeai.com 
Paul Pagano, CEO                                                             Via Walbrook PR 
David Anderson, CFO 
 
Investec Bank plc (Nominated Adviser                                Tel: +44 (0)20 7597 5970 
 & Broker) 
Virginia Bull / Cameron MacRitchie 
 / Lydia Zychowska 
 
Goodbody (Joint Broker)                                 Tel: +44 (0) 20 3841 6202 / +353 (1) 
                                                                                    667 0420 
Tom Nicholson / Stephen Kane 
 
Walbrook PR Limited                    Tel: +44 (0)20 7933 8780 or LungLifeAI@walbrookpr.com 
Stephanie Cuthbert / Alice Woodings                     Mob: 07980 541 893 / 07407 804 654 / 
 / Phillip Marriage                                                            07867 984 082 
 

About LungLife

LungLife AI is a developer of clinical diagnostic solutions designed to make a significant impact in the early detection of lung cancer, the deadliest cancer globally. Using a minimally invasive blood draw, the Company's LungLB(R) test is designed to deliver additional information to clinicians who are evaluating indeterminate lung nodules. For more information visit www.lunglifeai.com

Our Purpose is to be a driving force in the early detection to lung cancer. And our Vision is to invert the 20:80 ratio such that in years to come at least 80% of lung cancer is detected early.

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May 23, 2023 02:00 ET (06:00 GMT)

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