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dated December 2, 2019

PRELIMINARY PROSPECTUS SUPPLEMENT

(To Prospectus Dated November 8, 2019)

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PRELIMINARY PROSPECTUS SUPPLEMENT

(To Prospectus Dated November 8, 2019)

American Depositary Shares

LOGO

Representing Ordinary Shares

We are offering American Depositary Shares, or ADSs. Each ADS represents five ordinary shares and will be evidenced by American Depositary Receipts, or ADRs.

Our ADSs are listed on The Nasdaq Global Market under the symbol ¡§ASLN.¡¨ On November 29, 2019, the last reported sale price of our ADSs on The Nasdaq Global Market was $3.82 per ADS. Our ordinary shares are listed on the Taipei Exchange, or TPEx. The last reported sale price of our ordinary shares on November 29, 2019 was NT$6.32 per share, or approximately $0.21 per share, based on an exchange rate of NT$30.53 to $1.00.

The aggregate market value of our outstanding ordinary shares held by non-affiliates, or public float, was approximately $44.2 million, which was calculated based on 137,656,709 ordinary shares outstanding held by non-affiliates and a per share price of NT$9.95 as reported on the TPEx on October 3, 2019, or approximately $0.321 per share based on an exchange rate of NT$30.99 to $1.00 on such date. We have not offered any securities pursuant to General Instruction I.B.5. of Form F-3 during the prior 12 calendar month period that ends on and includes the date of this prospectus supplement. Pursuant to General Instruction I.B.5. of Form F-3, in no event will we sell securities registered on the registration statement of which this prospectus supplement is a part with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75 million.

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$150,000,000

Ordinary Shares

American Depositary Shares representing Ordinary Shares

This prospectus will allow us to issue, from time to time at prices and on terms to be determined at or prior to the time of the offering, up to $150,000,000 of our ordinary shares, including American Depositary Shares, or ADSs, representing ordinary shares. Each ADS will represent five ordinary shares and will be evidenced by American Depositary Receipts, or ADRs.

This prospectus describes the general terms of these securities and the general manner in which these securities will be offered. We will provide you with the specific terms of any offering in one or more supplements to this prospectus. The prospectus supplements will also describe the specific manner in which these securities will be offered and may also supplement, update or amend information contained in this document. You should read this prospectus and any prospectus supplement, as well as any documents incorporated by reference into this prospectus or any prospectus supplement, carefully before you invest.

Our securities may be sold directly by us to you, through agents designated from time to time or to or through underwriters or dealers. For additional information on the methods of sale, you should refer to the section titled ¡§Plan of Distribution¡¨ in this prospectus and in the applicable prospectus supplement. If any underwriters or agents are involved in the sale of our securities with respect to which this prospectus is being delivered, the names of such underwriters or agents and any applicable fees or commissions and over-allotment options will be set forth in a prospectus supplement. The price to the public of such securities and the net proceeds that we expect to receive from such sale will also be set forth in a prospectus supplement.

Our ADSs are listed on The Nasdaq Global Market under the symbol ¡§ASLN.¡¨ On January 28, 2021, the last reported sale price of our ADSs on The Nasdaq Global Market was $2.25 per ADS. The applicable prospectus supplement will contain information, where applicable, as to any other listing, if any, on The Nasdaq Global Market or any securities market or other securities exchange of the securities covered by the prospectus supplement. Prospective purchasers of our securities are urged to obtain current information as to the market prices of our securities, where applicable.

Investing in our securities involves a high degree of risk. Before deciding whether to invest in our securities, you should consider carefully the risks and uncertainties described under the heading ¡§Risk Factors¡¨ contained in the applicable prospectus supplement and in any free writing prospectus we have authorized for use in connection with a specific offering, and under similar headings in the other documents that are incorporated by reference into this prospectus.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

The date of this prospectus is , 2021.

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Aslan Pharmaceuticals files to sell $150M of American Depositary Shares

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Study has 80% power to detect a 39% improvement in the percentage change in EASI score from baseline based on a one-sided 5% significance level

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ASLAN003 is a highly selective and potent inhibitor of human DHODH (IC50 = 35 nM) and has been shown to be more than 30 times more potent at inhibiting the DHODH enzyme in cell free and cell-based assays than the first generation inhibitor teriflunomide.

ASLAN003¬O¤HÃþDHODHªº°ª«×¿ï¾Ü©Ê©M¦³®Ä§í»s¾¯¡]IC50 = 35 nM¡^¡A¨Ã¥B¦bµL²Ó­M©M°ò©ó²Ó­Mªº´ú©w¤¤¡A¨ä§í¨îDHODH酶ªº®Ä¤O¬O²Ä¤@¥N§í»s¾¯¯S¬t¦Ì¯S(AUBAGIO¡]teriflunomide¡^)ªº30­¿¥H¤W¡C

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AUBAGIO¡]teriflunomide¡^¤ù¡A¤fªA¨Ï¥Î¬ü°ê³Ìªì§å­ã¡G2012¦~

INDICATIONS AND USAGE--------------------------AUBAGIO

is a pyrimidine synthesis inhibitor indicated for the treatment of patients with relapsing forms of multiple sclerosis (1)

¾AÀ³¯g©M¥Îªk-------------------------- AUBAGIO

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---------------------

2020 ¦~¦ô¾P°â22»õ¬ü¤¸

www.accessdata.fda.gov/drugsatfda_docs/label/2016/202992s003lbl.pdf

FULL PRESCRIBING INFORMATION

WARNING: HEPATOTOXICITY and RISK OF TERATOGENICITY

Hepatotoxicity Severe liver injury including fatal liver failure has been reported in patients treated with leflunomide, which is indicated for rheumatoid arthritis. A similar risk would be expected for teriflunomide because recommended doses of teriflunomide and leflunomide result in a similar range of plasma concentrations of teriflunomide. Concomitant use of AUBAGIO with other potentially hepatotoxic drugs may increase the risk of severe liver injury. Obtain transaminase and bilirubin levels within 6 months before initiation of AUBAGIO therapy. Monitor ALT levels at least monthly for six months after starting AUBAGIO [see Warnings and Precautions (5.1)]. If drug induced liver injury is suspected, discontinue AUBAGIO and start an accelerated elimination procedure with cholestyramine or charcoal [see Warnings and Precautions (5.3)]. AUBAGIO is contraindicated in patients with severe hepatic impairment [see Contraindications (4)]. Patients with pre-existing liver disease may be at increased risk of developing elevated serum transaminases when taking AUBAGIO.

Risk of Teratogenicity Based on animal data, AUBAGIO may cause major birth defects if used during pregnancy. Pregnancy must be excluded before starting AUBAGIO. AUBAGIO is contraindicated in pregnant women or women of childbearing potential who are not using reliable contraception. Pregnancy must be avoided during AUBAGIO treatment or prior to the completion of an accelerated elimination procedure after AUBAGIO treatment [see Contraindications (4), Warnings and Precautions (5.2), and Use in Specific Populations (8.1)].

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---------------------------

Almirall

In 2012, the Company originally entered into a global licensing agreement with Almirall to develop HODHinhibito, LAS186323, which the Company refers to as ASLAN003, for rheumatoid arthritis (excluding any

topical formulation), without upfront payments. Under the license agreement, the Company agreed to fund

and develop ASLAN003 to the end of Phase 2 through a development program conducted in the Asia-Pacific

region.

The original license agreement was replaced by a new agreement, executed in December 2015 and amended

in March 2018, granting an exclusive, worldwide license to develop, manufacture and commercialize

ASLAN003 products for all human diseases with primary focus on oncology diseases, excluding topicallyadministered

products embodying the compound for keratinocyte hyperproliferative disorders, and the nonmelanoma

skin cancers basal cell carcinoma, squamous cell carcinomas and Gorlin Syndrome. Under the

license agreement, Almirall is eligible to receive milestone payments and royalties based on the sales

generated by the Company and/or sublicensees. The related cost of revenue in the amount of $2,532 thousand

(US$82 thousand) payable to Almirall was recognized as operating costs accordingly.

Almirall

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ORDER GRANTING CONFIDENTIAL TREATMENT UNDER THE SECURITIES ACT OF 1933

ASLAN Pharmaceuticals Limited File No. 333-223920 - CF#35819

ASLAN Pharmaceuticals Limited submitted an application under Rule 406 requesting an extension of a previous grant of confidential treatment for information it excluded from the Exhibits to a Form F-1 registration statement filed on March 26, 2018, as amended.

Based on representations by ASLAN Pharmaceuticals Limited that this information qualifies as confidential commercial or financial information under the Freedom of Information Act, 5 U.S.C. 552(b)(4), the Division of Corporation Finance has determined not to publicly disclose it. Accordingly, excluded information from the following exhibit will not be released to the public for the time period specified:

Exhibit 10.4 through February 6, 2024

®Ú¾Ú1933¦~¡mÃÒ¨éªk¡n¶i¦æªº©R¥O±Â¤©¾÷±K³B²z

ASLAN Pharmaceuticals LimitedÀÉ®×½s¸¹333-223920-CF¡­35819

ASLAN Pharmaceuticals Limited®Ú¾Ú²Ä406±ø³W«h´£¥æ¤F¥Ó½Ð¡A­n¨D±N¥ý«e±q®iÄý¤¤±Æ°£ªº«H®§ªº¾÷±K³B²z³\¥i©µªø¦Ü2018¦~3¤ë26¤é´£¥æªºF-1ªí®æµù¥UÁn©ú¡]¸g­×­q¡^¡C

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January 12, 2021 Best Performing Analysts, Healthcare, Top Market News 0 Comments

Analysts Offer Insights on Healthcare Companies: Aslan Pharmaceuticals (NASDAQ: ASLN), GW Pharma (NASDAQ: GWPH) and Vericel (NASDAQ: VCEL)

By Carrie Williams

There¡¦s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Aslan Pharmaceuticals (ASLN ¡V Research Report), GW Pharma (GWPH ¡V Research Report) and Vericel (VCEL ¡V Research Report) with bullish sentiments.

Aslan Pharmaceuticals (ASLN)

In a report released today, Yi Chen from H.C. Wainwright reiterated a Buy rating on Aslan Pharmaceuticals, with a price target of $5.00. The company¡¦s shares closed last Monday at $2.00.

According to TipRanks.com, Chen is a top 100 analyst with an average return of 68.9% and a 57.7% success rate. Chen covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, HTG Molecular Diagnostics, and EyePoint Pharmaceuticals.

Currently, the analyst consensus on Aslan Pharmaceuticals is a Moderate Buy with an average price target of $5.00.

2021¦~1¤ë12¤é¡A³Ì¨Îªí²{¤ÀªR®v¡AÂåÀø«O°·¡A¼öªù¥«³õ·s»D0µû½×

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³Í²ú¡P«Â·G©i´µ¡]Carrie Williams¡^

ÂåÀø«O°·¦æ·~¦³«Ü¦h¼ÖÆ[ªº¬Ýªk¡A¤T¦ì¤ÀªR®v¥H¼ÖÆ[ªººA«×Åv¿Å¤FAslan Pharmaceuticals¡]ASLN ¡V¬ã¨s³ø§i¡^¡AGW Pharma¡]GWPH ¡V¬ã¨s³ø§i¡^©MVericel¡]VCEL ¡V¬ã¨s³ø§i¡^¡C

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®Ú¾ÚTipRanks.comªº²Î­p¡A³¯¬O«e100¦W¤ÀªR®v¡A¥­§¡¦^³ø²v¬°68.9¢H¡A¦¨¥\²v¬°57.7¢H¡C Chen²[»\ÂåÀø«O°·»â°ì¡A¥D­nÃöª`Interpace Diagnostics Group¡AHTG Molecular Diagnostics©MEyePoint Pharmaceuticalsµ¥ªÑ²¼¡C

¥Ø«e¡A¤ÀªR®v¹ïªü´µÄõ»sÃĪº¦@ÃѬO¶R¤J¡A¥­§¡¥Ø¼Ð»ù¬°5.00¬ü¤¸¡C

www.analystratings.com/articles/analysts-offer-insights-on-healthcare-companies-aslan-pharmaceuticals-nasdaq-asln-gw-pharma-nasdaq-gwph-and-vericel-nasdaq-vcel/

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Dupilumab ¦U´ÁÁ{§É¼Æ¾Ú¡C

1. Dupilumab ¦­´Á¥|­Ó AD Á{§É 4¶g/12¶g ,

2014/07/10

Dupilumab Treatment in Adults with Moderate-to-Severe Atopic Dermatitis

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2. Dupilumab 2a/2b Á{§É ,2018/SEP

journals.lww.com/jaanp/Fulltext/2018/09000/Efficacy_and_safety_of_dupilumab_for_the_treatment.10.aspx

3.Dupilumab AD 2­Ó¤T´ÁÁ{§É, 300mg/¨C¶g¤@°w/300mg/¨C¤G¶g¤@°w

2016/12/15

Two Phase 3 Trials of Dupilumab versus Placebo in Atopic Dermatitis

www.nejm.org/doi/full/10.1056/nejmoa1610020

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January 12, 2021 Best Performing Analysts, Healthcare, Top Market News 0 Comments

Analysts Offer Insights on Healthcare Companies: Aslan Pharmaceuticals (NASDAQ: ASLN), GW Pharma (NASDAQ: GWPH) and Vericel (NASDAQ: VCEL)

By Carrie Williams

There¡¦s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Aslan Pharmaceuticals (ASLN ¡V Research Report), GW Pharma (GWPH ¡V Research Report) and Vericel (VCEL ¡V Research Report) with bullish sentiments.

Aslan Pharmaceuticals (ASLN)

In a report released today, Yi Chen from H.C. Wainwright reiterated a Buy rating on Aslan Pharmaceuticals, with a price target of $5.00. The company¡¦s shares closed last Monday at $2.00.

According to TipRanks.com, Chen is a top 100 analyst with an average return of 68.9% and a 57.7% success rate. Chen covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, HTG Molecular Diagnostics, and EyePoint Pharmaceuticals.

Currently, the analyst consensus on Aslan Pharmaceuticals is a Moderate Buy with an average price target of $5.00.

2021¦~1¤ë12¤é¡A³Ì¨Îªí²{¤ÀªR®v¡AÂåÀø«O°·¡A¼öªù¥«³õ·s»D0µû½×

¤ÀªR®v¹ïÂåÀø«O°·¤½¥qªº¨£¸Ñ¡GAslan Pharmaceuticals¡]NASDAQ¡GASLN¡^¡AGW Pharma¡]NASDAQ¡GGWPH¡^©MVericel¡]NASDAQ¡GVCEL¡^

³Í²ú¡P«Â·G©i´µ¡]Carrie Williams¡^

ÂåÀø«O°·¦æ·~¦³«Ü¦h¼ÖÆ[ªº¬Ýªk¡A¤T¦ì¤ÀªR®v¥H¼ÖÆ[ªººA«×Åv¿Å¤FAslan Pharmaceuticals¡]ASLN ¡V¬ã¨s³ø§i¡^¡AGW Pharma¡]GWPH ¡V¬ã¨s³ø§i¡^©MVericel¡]VCEL ¡V¬ã¨s³ø§i¡^¡C

ªü´µÄõ»sÃÄ¡]ASLN¡^

¦b¤µ¤Ñµo¥¬ªº³ø§i¤¤¡A¨Ó¦ÛH.C. Wainwright­«¥Ó¹ïAslan Pharmaceuticalsªº¶R¤Jµû¯Å¡A¥Ø¼Ð»ù¬°5.00¬ü¤¸¡C¸Ó¤½¥qªÑ»ù¤W¶g¤@¦¬©ó2.00¬ü¤¸¡C

®Ú¾ÚTipRanks.comªº²Î­p¡A³¯¬O«e100¦W¤ÀªR®v¡A¥­§¡¦^³ø²v¬°68.9¢H¡A¦¨¥\²v¬°57.7¢H¡C Chen²[»\ÂåÀø«O°·»â°ì¡A¥D­nÃöª`Interpace Diagnostics Group¡AHTG Molecular Diagnostics©MEyePoint Pharmaceuticalsµ¥ªÑ²¼¡C

¥Ø«e¡A¤ÀªR®v¹ïªü´µÄõ»sÃĪº¦@ÃѬO¶R¤J¡A¥­§¡¥Ø¼Ð»ù¬°5.00¬ü¤¸¡C

www.analystratings.com/articles/analysts-offer-insights-on-healthcare-companies-aslan-pharmaceuticals-nasdaq-asln-gw-pharma-nasdaq-gwph-and-vericel-nasdaq-vcel/

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clinicaltrials.gov/ct2/show/NCT04090229

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·|­û¡G¤Ñ©R10141925  µoªí®É¶¡:2020/12/12 ¤W¤È 11:45:42²Ä 3495 ½g¦^À³
This Amendment No. 1 to Prospectus Supplement, or this Amendment, amends our prospectus supplement dated October 9, 2020, or the Prospectus Supplement. This Amendment should be read in conjunction with the Prospectus Supplement and our prospectus dated November 8, 2019, or the Prospectus, and is qualified by reference thereto, except to the extent that the information herein amends or supersedes the information contained in the Prospectus Supplement or Prospectus. This

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ir.aslanpharma.com/node/7616/html

AMENDMENT NO. 1 DATED DECEMBER 11, 2020

To Prospectus Supplement Dated October 9, 2020

(To Prospectus Dated November 8, 2019)

LOGO

$50,000,000

American Depositary Shares representing Ordinary Shares

Amendment is not complete without, and may only be delivered or utilized in connection with, the Prospectus Supplement, the Prospectus, and any future amendments or supplements thereto.

We previously entered into that certain Open Market Sale AgreementSM, or the Sales Agreement, with Jefferies LLC, or Jefferies, acting as sales agent. In accordance with the terms of the Sales Agreement, pursuant to the Prospectus Supplement, as amended by this Amendment, we may offer and sell American Depositary Shares, or ADSs, each representing five ordinary shares, having an aggregate offering price of up to $50,000,000 from time to time through Jefferies, acting as sales agent. As of December 10, 2020, we have sold 3,362,953 ADSs for gross proceeds of $6.4 million pursuant to the Prospectus, which leaves $43.6 million of ADSs available for sale pursuant to the Prospectus Supplement, as amended by this Amendment.

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§Ú­Ì¤§«e´¿»PJefferies LLC©ÎJefferies§@¬°¾P°â¥N²zñ­q¤F¬Y¨Ç¤½¶}¥«³õ¾P°â¨óijSM©Î¾P°â¨óij¡C®Ú¾Ú¡m¾P°â¨óij¡nªº±ø´Ú¡A®Ú¾Ú¸g¥»­×¥¿®×­×­qªº¡m©ÛªÑ»¡©ú®Ñ¸É¿ò¡n¡A§Ú­Ì¥i¥H±q¬ü°êµo¦æ©M¥X°â¨CªÑ¤­ªÑ´¶³qªÑªº¬ü°ê¦s°UªÑ²¼©Î¬ü°ê¦s°U¾ÌÃÒ¡AÁ`µo¦æ»ù®æ¤£¶W¹L$ 50,000,000¡C¤£®É³q¹LJefferies¾á¥ô¾P°â¥N²z¡CºI¦Ü2020¦~12¤ë10¤é¡A®Ú¾Ú¡m©ÛªÑ»¡©ú®Ñ¡n¡A§Ú­Ì¤w°â¥X3,362,953ªÑADS¡AÁ`¦¬¯q¬°640¸U¬ü¤¸¡A¦Ó®Ú¾Ú¡m©ÛªÑ»¡©ú®Ñ¸É¿ò¡n¡]¸g¥»­×¥¿®×­×¥¿¡^¡A¤´¦³4,360¸U¬ü¤¸ªºADS¥i¨Ñ¥X°â¡C

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·|­û¡G¤Ñ©R10141925  µoªí®É¶¡:2020/12/10 ¤U¤È 10:45:36²Ä 3494 ½g¦^À³
ASLAN Pharmaceuticals Limited 2020 Equity Incentive Plan

On December 10, 2020, the Board of Directors (the ¡§Board¡¨) of the Company approved the Company¡¦s 2020 Equity Incentive Plan (the ¡§2020 EIP¡¨). The 2020 EIP, among other things, provides for the grant of restricted stock awards, stock options and other equity-based awards to employees, officers, directors, and consultants.

A summary of the principal features of the 2020 EIP follows below.

Eligibility and administration

The Company¡¦s employees, directors and consultants and those of the Company¡¦s subsidiaries are eligible to receive awards under the 2020 EIP.

The 2020 EIP is administered by the Board, which may delegate its duties and responsibilities to one or more committees of the Company¡¦s directors and/or officers (referred to as the ¡§Plan Administrator¡¨), subject to certain limitations imposed under the 2020 EIP, and other applicable laws and stock exchange rules. The Plan Administrator has the authority to take all actions and make all determinations under the 2020 EIP, to interpret the 2020 EIP and award agreements and to adopt, amend and repeal rules for the administration of the 2020 EIP as it deems advisable. The Plan Administrator also has the authority to determine which eligible service providers receive awards, grant awards, set the terms and conditions of all awards under the 2020 EIP, including any vesting and vesting acceleration provisions, subject to the conditions and limitations in the 2020 EIP.

Shares available for awards

The maximum number of ordinary shares that may be issued under the 2020 EIP is 20,676,974 ordinary shares (an equivalent of 4,135,395 American Depositary Shares (¡§ADSs¡¨) of the Company, each representing five ordinary shares). No more than 62,030,922 ordinary shares (an equivalent of 12,406,184 ADS) may be issued under the 2020 EIP upon the exercise of incentive stock options. In addition, the number of ordinary shares reserved for issuance under the 2020 EIP will automatically increase on January 1 of each year, commencing on January 1, 2021 and ending on (and including) January 1, 2030, in an amount equal to 4% of the total number of ordinary shares outstanding on December 31 of the preceding calendar year. The Board may act prior to January 1 of a given year to provide that there will be no increase for such year or that the increase for such year will be a lesser number of ordinary shares. In connection with the approval of the 2020 EIP, the Board determined that there will be no increase for January 1, 2021.

If an award under the 2020 EIP, expires, lapses or is terminated, exchanged for cash, surrendered, repurchased, cancelled without having been fully exercised, forfeited or is withheld to satisfy a tax withholding obligation in connection with an award or to satisfy a purchase or exercise price of an award, any unused shares subject to the award will, as applicable, become or again be available for new grants under the 2020 EIP.

Awards granted under the 2020 EIP in substitution for any options or other equity or equity-based awards granted by an entity before the entity¡¦s merger or consolidation with the Company or the Company¡¦s acquisition of the entity¡¦s property or stock will not reduce the number of ordinary shares available for grant under the 2020 EIP, but will count against the maximum number of ordinary shares that may be issued upon the exercise of incentive stock options.

ir.aslanpharma.com/node/7606/html

¨È·à¸³¨Æ·|¤µ¤é³q¹L ¡§ªÑ²¼奬Ày­p¹º¡¨ 2020EIP ¡A¼úÀy¨È·à¶°¹Î­û¤u¡A¤À10¦~(2021~2030)µo¦æ

µo¦æ20,676,974 ­ì©lªÑ¬Û·íADS 4,135,395ªÑ¡A¸Ô²Ó¨£¤W¤½¥qºô§}

¡A

The maximum number of ordinary shares that may be issued under the 2020 EIP is 20,676,974 ordinary shares (an equivalent of 4,135,395 American Depositary Shares (¡§ADSs¡¨) of the Company, each representing five ordinary shares)

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ir.aslanpharma.com/webcasts-presentations

Webcasts & Presentations

Webcasts

ASLAN Pharmaceuticals Presents At The Piper Sandler 32nd Annual Virtual Healthcare Conference

Nov 30, 2020 - Dec 03, 2020

Click here for webcast

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www.sec.gov/Archives/edgar/data/1722926/000156459020052245/asln-ex991_6.htm

PRESS RELEASE

ASLAN PHARMACEUTICALS REPORTS THIRD QUARTER 2020 FINANCIAL RESULTS AND PROVIDES CORPORATE UPDATE

Singapore, 9 November 2020 ¡V ASLAN Pharmaceuticals (Nasdaq:ASLN), a clinical-stage immunology focused biopharmaceutical company developing innovative treatments to transform the lives of patients, today announced financial results for the third quarter ended September 30, 2020 and provided an update on its clinical activities.

Dr Carl Firth, Chief Executive Officer, ASLAN Pharmaceuticals, said: ¡§The third quarter saw great progress being made on multiple fronts for ASLAN. We resumed our multiple ascending dose (MAD) study of ASLAN004 following the lifting of COVID-19 restrictions and quickly completed recruitment of the second cohort, which we believe is an indicator of the scale of the unmet need we aim to address in atopic dermatitis. Recruitment of the third cohort is underway from sites in the US, Australia and Singapore, and we expect to announce new, unblinded data in early 2021. The move of our primary listing to the US is now complete and aligned with our plans to initiate a global Phase 2b study in atopic dermatitis in 2021 and new clinical studies of ASLAN003 in autoimmune disease.¡¨

Third quarter 2020 and recent business highlights

Clinical development ASLAN004

Investigational New Drug application submitted to the US Food and Drug Administration became effective and Clinical Trial Notification cleared by the Therapeutics Goods Administration in Australia.

Seven new clinical sites opened in the US and Australia designed to support recruitment of patients into the ongoing MAD study.

Initiated recruitment of patients into third dose cohort in October at sites in the US, Australia and Singapore following successful safety review of second cohort that resumed recruitment in August. ASLAN004 was found to be well tolerated at 400mg and the Data Monitoring Committee (DMC) recommend that the MAD study continue as planned.

ASLAN003

Announced plans to develop ASLAN003, ASLAN¡¦s next generation inhibitor of dihydroorotate dehydrogenase (DHODH), in autoimmune conditions, such as multiple sclerosis, following review of the data generated on ASLAN003 and discussions with experts in the field. ASLAN believes that ASLAN003 has a potential best in class profile as a potent oral DHODH inhibitor targeting autoimmune indications.

Appointed renowned neurologist Professor Gavin Giovannoni, Chair of Neurology, Blizard Institute, Barts and The London School of Medicine and Dentistry, as a scientific advisor to the Company. ASLAN will work with Professor Giovannoni on the clinical development plan of ASLAN003.

Based on previous observations of anti-viral activity against Dengue and Zika viruses, ASLAN recently determined that ASLAN003 has nanomolar potency against SARS-CoV-2 in Vero E6 cells (EC50 = 1.4 nM) and is assessing the potential of ASLAN003 as a treatment for COVID-19 and other viral infections.

Corporate updates

Appointed Dr Kenneth Kobayashi as Chief Medical Officer. Dr Kobayashi most recently worked at Dermira, where he was responsible for the development of lebrikizumab, and previously held roles at Novartis and LEO Pharma. Dr Kobayashi brings more than 25 years of experience in drug development, clinical practice and regulatory affairs as a Dermatology expert.

Movement of primary listing to the Nasdaq Global Market and delisting from the Taipei Exchange completed in August. ASLAN has retained its listing of American Depositary Shares (ADS) on Nasdaq in the United States.

Anticipated upcoming milestones

Interim, unblinded data on ASLAN004 from the 3 dose cohorts (up to 24 patients) and initiation of the expansion cohort (an additional 18 patients) expected in early 2021.

Completion of MAD clinical study of ASLAN004 in moderate-to-severe atopic dermatitis (AD) patients expected in 1H 2021.

Initiation of Phase 2b study of ASLAN004 for AD expected in 2021.

Third quarter 2020 financial highlights

Cash used in operations for the third quarter of 2020 was US$2.6 million compared to US$7.0 million in the same period in 2019.

Research and development expenses were US$2.2 million in the third quarter of 2020 compared to US$4.1 million in the third quarter of 2019. The decrease was driven by the completion of clinical studies related to varlitinib.

General and administrative expenses were US$1.3 million in the third quarter of 2020 compared to US$1.1 million in the third quarter of 2019.

Net loss for the third quarter of 2020 was US$3.5 million compared to a net loss of US$5.2 million for the third quarter of 2019.

Cash, cash equivalents and short-term investments totaled US$12.1 million as of September 30, 2020 (this includes US$0.9 million of cash received in connection with the ADS scheme that will be paid to our depository agent in 4Q 2020) compared to US$22.2 million as of 31 December 2019. Weighted average ADS outstanding for the third quarter of 2020 was 38.0 million (or equivalent) compared to 32.0 million (or equivalent) for the third quarter of 2019. One ADS is the equivalent of five ordinary shares.

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ir.aslanpharma.com/news-releases/news-release-details/aslan-pharmaceuticals-initiates-third-dose-cohort-aslan004

Oct 22,2020

ASLAN Pharmaceuticals Initiates Third Dose Cohort of ASLAN004 in Atopic Dermatitis Clinical Trial

-- ASLAN has initiated recruitment of patients into third dose cohort at sites in the US, Australia and Singapore following successful safety review of second cohort

-- ASLAN004 found to be well tolerated at 400mg dose, third cohort will test 600mg dose

SINGAPORE, Oct. 22, 2020 (GLOBE NEWSWIRE) -- ASLAN Pharmaceuticals (Nasdaq:ASLN), a clinical-stage immunology focused biopharmaceutical company developing innovative treatments to transform the lives of patients, today announced that the Data Monitoring Committee (DMC) has completed its planned safety data review of the second dose cohort of its clinical trial of ASLAN004 in moderate to severe atopic dermatitis (AD) patients. ASLAN004 was found to be well tolerated at 400mg and the DMC has recommended that the multiple ascending dose (MAD) clinical study continue as planned.

ASLAN has now initiated recruitment into the third, highest dose (600mg) cohort of the randomised, double blind, placebo-controlled MAD study. A total of eight patients will be recruited from clinical sites in Singapore, the US and Australia. ASLAN expects to report interim, unblinded data from all three dose escalation cohorts in early 2021.

Dr Ken Kobayashi, Chief Medical Officer, ASLAN Pharmaceuticals, commented: ¡§Importantly, ASLAN004 continues to be well tolerated in the patients treated in the study to date and no discontinuations of treatment related to study drug have been observed. Following the lifting of recruitment restrictions associated with COVID-19 that had previously delayed the study, we were pleased to note that the second dose cohort enrolled all eight patients in around three weeks at two clinical sites. For the third dose cohort, we will be recruiting patients from up to nine sites, having activated new sites in Australia and the US. We believe that ASLAN004 has the potential to be a best-in-disease treatment for patients with AD and look forward to reporting further data and firming up our plans to initiate a Phase 2b study in 2021.¡¨

The Phase 1 study is evaluating three doses of ASLAN004 (200mg, 400mg and 600mg) delivered subcutaneously and will include a fourth (expansion) cohort. Each dose cohort contains up to six patients on ASLAN004 and two patients on placebo, and the expansion cohort will contain at least 12 patients on ASLAN004 and at least six patients on placebo. Patients are dosed weekly for eight weeks to determine safety and tolerability as well as a number of secondary efficacy outcome measures.

ASLAN004 is a first-in-class monoclonal antibody that binds to the IL-13 receptor £\1 subunit (IL-13R£\1), blocking signalling of two pro-inflammatory cytokines, IL-4 and IL-13, which are central to triggering symptoms of AD, such as redness and itching of the skin.

Media and IR contacts

Emma Thompson

Spurwing Communications

Tel: +65 6751 2021

Email: ASLAN@spurwingcomms.com

Robert Uhl

Westwicke Partners

Tel: +1 858 356 5932

Email: robert.uhl@westwicke.com

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ir.aslanpharma.com/node/7536/html

Joint Venture to Develop Novel Pre-clinical AhR Antagonists

In October 2019, we established a new joint venture with Bukwang to develop preclinical AhR antagonists from our early stage pipeline. The joint venture, JAGUAHR Therapeutics Pte. Ltd., or JAGUAHR, will focus on developing new immuno-oncology therapeutics for global markets targeting the AhR pathway.

AhR is a druggable transcription factor that acts as a master regulator of the immune system. The enzymes IDO1, IDO2 and TDO are frequently overexpressed in numerous tumor types and convert tryptophan into kynurenine, or KYN, in the tumor microenvironment. KYN is then actively transported into dendritic cells and effector T-cells that are mobilized to detect and kill tumor cells. KYN signalling via AhR in these cell types converts

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them into regulatory T-cells, suppressing the immune system and preventing it from attacking tumor cells. Research has demonstrated that the unique advantages of AhR antagonists include broadly inhibiting the signalling of all AhR ligands produced by any enzyme that metabolizes tryptophan, and robust activation of the immune response to kill cancer cells.

Pursuant to the terms of the joint venture agreement, we transferred the global rights to all of the assets related to AhR technology, originally discovered and developed by ASLAN and its collaborators, into JAGUAHR. We currently hold a controlling stake in JAGUAHR. Subject to the fulfilment of certain conditions, Bukwang agreed to invest $5 million in JAGUAHR in two tranches to fund the development of the assets, identify a lead development compound and file an Investigational New Drug, or IND, application. The first tranche of $2.5 million was received from Bukwang in October 2019. The second tranche of $2.5 million will be payable upon the nomination of a candidate drug after which our expected ownership will be diluted from a majority to 30 to 40%. Until the IND application is filed, we retain the rights to buy back the assets related to AhR technology at a price equal to three times the amount invested by Bukwang. We expect that the IND will be filed in 2021 and that the joint venture will be fully funded by the investment from Bukwang.

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Aslan Pharmaceuticals Ltd. ADR

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Premarket

Last Updated: Oct 16, 2020 at 6:59 a.m. EDT

-Delayed quote

$ 3.43

—Õ 1.52 79.58%

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Oct 16,2020

ASLAN Pharmaceuticals to Develop ASLAN003 as Next Generation DHODH Inhibitor in Autoimmune Conditions

-- ASLAN believes ASLAN003 has the potential to be the most potent oral inhibitor of DHODH currently in development for autoimmune disease, more than 30 times more potent at inhibiting the DHODH enzyme than teriflunomide

-- ASLAN appoints neurologist Professor Gavin Giovannoni as a scientific advisor to establish clinical development strategy in multiple sclerosis

-- With nanomolar potency against SARS-CoV-2, ASLAN003 is also being assessed for its potential as a novel therapeutic for COVID-19 and other viruses

SINGAPORE, Oct. 16, 2020 (GLOBE NEWSWIRE) -- ASLAN Pharmaceuticals (Nasdaq:ASLN), a clinical-stage immunology focused biopharmaceutical company developing innovative treatments to transform the lives of patients, today announced that it plans to develop ASLAN003, its next generation inhibitor of dihydroorotate dehydrogenase (DHODH), in autoimmune conditions, such as multiple sclerosis (MS).

ASLAN003 is a highly selective and potent inhibitor of human DHODH (IC50 = 35 nM) and has been shown to be more than 30 times more potent at inhibiting the DHODH enzyme in cell free and cell-based assays than the first generation inhibitor teriflunomide. In preclinical studies, ASLAN003 was shown to be efficacious in animal models of MS and other autoimmune diseases. Based on the specificity, potency and favourable safety profile identified in earlier clinical studies, ASLAN believes ASLAN003 is a promising candidate for development in these diseases, where a pressing need for differentiated and convenient treatment options exists.

Dr Carl Firth, Chief Executive Officer, ASLAN Pharmaceuticals, said: ¡§Following our review of the data we have generated on ASLAN003 and discussions with experts in the field, we believe ASLAN003 has a potential best in class profile as the most potent oral DHODH inhibitor targeting autoimmune indications. There is a current need for a differentiated therapeutic approach to MS that can deliver improved efficacy and addresses the risks of toxicity associated with this and other classes of drug in the field.¡¨

Inhibition of DHODH is an established mechanism for the treatment of autoimmune conditions, notably relapsing-remitting multiple sclerosis (RRMS). First generation DHODH inhibitors have limited efficacy and, like many other treatment options for RRMS, have associated toxicities requiring safety monitoring that make them less suited as long term treatment options. ASLAN003 has been shown to be well tolerated at doses up to 400 mg/day in 119 subjects across Phase 1 and Phase 2 clinical studies and is suitable for once-daily oral dosing.

ASLAN has appointed renowned neurologist Professor Gavin Giovannoni, Chair of Neurology, Blizard Institute, Barts and The London School of Medicine and Dentistry, as a scientific advisor to the Company and will work with him on the clinical development plan of ASLAN003. The company expects to share further details in early 2021.

Professor Gavin Giovannoni, scientific advisor to ASLAN, added: ¡§New and effective treatment approaches with improved safety, efficacy and convenience are highly sought after by the MS community. ASLAN003¡¦s potency and favourable safety profile make it a promising next generation DHODH inhibitor and I look forward to working with the team to define novel clinical development strategies for the benefit of patients.¡¨

ASLAN has previously observed anti-viral activity of ASLAN003 against Dengue and Zika viruses and recently determined that ASLAN003 has nanomolar potency against SARS-CoV-2 in Vero E6 cells (EC50 = 1.4 nM). ASLAN is currently assessing the potential of ASLAN003 as a treatment for COVID-19 and other viral infections and will provide an update when clinical development plans have been determined.

In 2019, ASLAN completed a Phase 2 study testing ASLAN003 in AML. Following an internal strategic review and noting changes in the AML treatment landscape, ASLAN will be focusing the future development of ASLAN003 in autoimmune disease.

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PLAN OF DISTRIBUTION

We have entered into the Sales Agreement with Jefferies, under which we may offer and sell our ADSs, from time to time through Jefferies acting as agent. Sales of our ADSs, if any, under this prospectus supplement and the accompanying prospectus will be made by any method that is deemed to be an ¡§at the market offering¡¨ as defined in Rule 415(a)(4) under the Securities Act.

Each time we wish to issue and sell our ADSs under the Sales Agreement, we will notify Jefferies of the number of ADSs to be issued, the dates on which such sales are anticipated to be made, any limitation on the number of ADSs to be sold in any one day and any minimum price below which sales may not be made. Once we have so instructed Jefferies, unless Jefferies declines to accept the terms of such notice, Jefferies has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such shares up to the amount specified on such terms. The obligations of Jefferies under the Sales Agreement to sell our ADSs are subject to a number of conditions that we must meet.

The settlement of sales of shares between us and Jefferies is generally anticipated to occur on the second trading day following the date on which the sale was made. Sales of our ADSs as contemplated in this prospectus supplement will be settled through the facilities of The Depository Trust Company or by such other means as we and Jefferies may agree upon. There is no arrangement for funds to be received in an escrow, trust or similar arrangement.

We will pay Jefferies a commission equal to 3% of the aggregate gross proceeds we receive from each sale of our ADSs. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. In addition, we have agreed to reimburse Jefferies for the fees and disbursements of its counsel, payable upon execution of the Sales Agreement, in an amount not to exceed $50,000, in addition to certain ongoing disbursements of its legal counsel. We estimate that the total expenses for the offering, excluding any commissions or expense reimbursement payable to Jefferies under the terms of the Sales Agreement, will be approximately $150,000. The remaining sale proceeds, after deducting any other transaction fees, will equal our net proceeds from the sale of such shares.

Jefferies will provide written confirmation to us before the open on Nasdaq on the day following each day on which our ADSs are sold under the Sales Agreement. Each confirmation will include the number of shares sold on that day, the aggregate gross proceeds of such sales and the proceeds to us.

In connection with the sale of our ADSs on our behalf, Jefferies may be deemed to be an ¡§underwriter¡¨ within the meaning of the Securities Act, and the compensation of Jefferies will be deemed to be underwriting commissions or discounts. We have agreed to indemnify Jefferies against certain civil liabilities, including liabilities under the Securities Act. We have also agreed to contribute to payments Jefferies may be required to make in respect of such liabilities.

The offering of our ADSs pursuant to the Sales Agreement will terminate upon the earlier of (i) the sale of all ADSs subject to the Sales Agreement and (ii) the termination of the Sales Agreement as permitted therein. We and Jefferies may each terminate the Sales Agreement at any time upon ten days¡¦ prior notice.

This summary of the material provisions of the Sales Agreement does not purport to be a complete statement of its terms and conditions. A copy of the Sales Agreement will be filed as an exhibit to a report on Form 6-K filed under the Exchange Act, and incorporated by reference in this prospectus supplement.

S-58

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S-58

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ASLN ADS----

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S-7

---------------------

THE OFFERING

ADSs offered by us

ADSs having an aggregate offering price of up to $7,500,000.

Ordinary shares to be outstanding after this offering:

Up to 208,894,360 ordinary shares, including ordinary shares represented by ADSs (as more fully described in the notes following this table), assuming sales of 3,787,878 ADSs in this offering at an offering price of $1.98 per ADS, which was the last reported sale price of ADSs on Nasdaq on October 7, 2020. The actual number of ADSs issued will vary depending on the sales prices under this offering.

The ADSs

Each ADS represents five ordinary shares. The offered ADSs may be evidenced by American Depositary Receipts, or ADRs.

Depositary

JPMorgan Chase Bank, N.A.

Plan of Distribution

¡§At the market offering¡¨ that may be made from time to time through our sales agent, Jefferies. See ¡§Plan of Distribution¡¨ on page S-58 of this prospectus supplement.

Use of Proceeds

We currently intend to use the net proceeds from this offering for working capital and general corporate purposes, including research and development expenses and capital expenditures. See ¡§Use of Proceeds¡¨ on page S-20 of this prospectus supplement.

Risk Factors

Investing in our ADSs involves significant risks. See ¡§Risk Factors¡¨ on page S-8 of this prospectus supplement, and under similar headings in other documents incorporated by reference into this prospectus supplement and the accompanying prospectus.

Nasdaq Global Market symbol

¡§ASLN¡¨

All information in this prospectus supplement related to the number of our ordinary shares to be outstanding immediately after this offering is based on 189,954,970 shares of our ordinary shares outstanding as of June 30, 2020. The number of ordinary shares outstanding as of June 30, 2020 excludes:

13,841,879 ordinary shares issuable upon the exercise of share options outstanding as of June 30, 2020 under our 2014 Employee Share Option Scheme Plan, or the 2014 Plan, and the 2017 Employee Share Option Plan 1, or the 2017 Plan, at a weighted-average exercise price of $0.74 per ordinary share;

174,167 ordinary shares authorized for issuance pursuant to future awards under our 2017 Plan as of June 30, 2020;

483,448 ADSs (representing 2,417,240 ordinary shares) issuable upon the exercise of outstanding warrants issued in October 2019, at an exercise price of $2.02 per ADS, in connection with the first drawdown of our loan facilities;

74,377 ADSs (representing 371,885 ordinary shares) issuable upon the exercise of outstanding warrants issued in November 2019, at an exercise price of $2.02 per ADS, in connection with the second drawdown of our loan facilities; and

any ADSs (representing ordinary shares) issuable upon the conversion of the outstanding principal amount plus accrued and unpaid interest under our September 2019 loan facility.

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We have entered into a certain Open Market Sale AgreementSM, or Sales Agreement, with Jefferies LLC, or Jefferies, relating to American Depositary Shares, or ADSs, each representing five ordinary shares, offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the Sales Agreement, pursuant to this prospectus supplement we may offer and sell ADSs having an aggregate offering price of up to $7,500,000 from time to time through Jefferies, acting as sales agent.

Our ADSs are listed on The Nasdaq Global Market, or Nasdaq, under the symbol ¡§ASLN.¡¨ On October 7, 2020, the last reported sale price of our ADSs was $1.98 per ADS.

The aggregate market value of our outstanding ordinary shares held by non-affiliates, or public float, was approximately $66.7 million, which was calculated based on 168,526,654 ordinary shares outstanding held by non-affiliates and a per share price of $0.396 (or $1.98 per ADS) as reported on Nasdaq on October 7, 2020. As of the date of this prospectus, we have offered an aggregate market value of $14,733,015 of securities pursuant to General Instruction I.B.5. of Form F-3 during the prior 12 calendar month period that ends on, and includes, the date of this prospectus. Pursuant to General Instruction I.B.5. of Form F-3, in no event will we sell securities registered on the registration statement of which this prospectus supplement is a part with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75.0 million.

Sales of our ADSs, if any, under this prospectus supplement may be made in sales deemed to be an ¡§at the market offering¡¨ as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended, or the Securities Act. Jefferies is not required to sell any specific number or dollar amount of securities, but will act as sales agent on a best efforts basis and use commercially reasonable efforts to sell on our behalf all ADSs requested to be sold by us, consistent with its normal trading and sales practices, on mutually agreed terms between us and Jefferies. There is no arrangement for funds to be received in any escrow, trust or similar arrangement.

Jefferies will be entitled to compensation at a fixed commission rate of 3.0% of the gross sales price per ADS sold under the Sales Agreement. See ¡§Plan of Distribution¡¨ beginning on page 58 of this prospectus supplement for additional information regarding the compensation to be paid to Jefferies. In connection with the sale of the ADSs on our behalf, Jefferies will be deemed to be an ¡§underwriter¡¨ within the meaning of the Securities Act, and the compensation of Jefferies will be deemed to be underwriting commissions or discounts. We have also agreed to provide indemnification and contribution to Jefferies with respect to certain liabilities, including liabilities under the Securities Act or the Securities Exchange Act of 1934, as amended, or the Exchange Act.

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-------------------------------------

News

1 Oct 2020

ASLAN CEO Dr Carl Firth and Chief Business Officer Stephen Doyle to present at 32nd Piper Sandler Virtual Healthcare Conference, 30 November ¡V 3 December

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10 best-selling drugs in the world by 2026

Maia Anderson - Tuesday, July 28th, 2020 Print | Email

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In its annual World Preview 2020 report, EvaluatePharma, a pharmacy-focused data analytics firm, forecasted which prescription drugs will be best-sellers in 2026. Merck¡¦s oncology drug Keytruda is expected to top the list.

EvaluatePharma¡¦s 10 best-selling drugs in 2026 and their expected global sales:

1.Keytruda (Merck) ¡X $24.9 billion

2.Opdivo (Bristol Myers Squibb) ¡X $12.7 billion

3.Eliquis (Bristol Myers Squibb) ¡X $12.6 billion

4.Biktarvy (Gilead) ¡X $11.7 billion

5.Imbruvica (AbbVie + Johnson & Johnson) ¡X $10.7 billion

6.Ibrance (Pfizer) ¡X $9.7 billion

7.Tagrisso (AstraZeneca) ¡X $9.5 billion

8.Dupixent (Sanofi) ¡X $9.4 billion

9.Trikafta (Vertex Pharmaceuticals) ¡X$8.7 billion

10.Ozempic (Novo Nordisk) ¡X $8.3 billion

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FDA Approves Incyte¡¦s Pemazyre™ (pemigatinib) as First Targeted Treatment for Adults with Previously Treated, Unresectable Locally Advanced or Metastatic Cholangiocarcinoma

(¤G½uÁx¹DÀù Ãĵý, ¥H¤G´ÁÁ{§É147¤H¸ê®Æ. ¥Ó½ÐÃĵý, FDA ®Ö­ã.)

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ORR 36%

17 April, 2020

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- Pemazyre received Orphan Drug, Breakthrough Therapy and Priority Review designations based on the significant needs of people living with this devastating cancer -

- Investor conference call and webcast scheduled for Monday, April 20, 2020, at 8:00 a.m. ET -

WILMINGTON, Del.--(BUSINESS WIRE)--Apr. 17, 2020-- Incyte (Nasdaq:INCY) today announced that the U.S. Food and Drug Administration (FDA) has approved Pemazyre™ (pemigatinib), a kinase inhibitor indicated for the treatment of adults with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a fibroblast growth factor receptor 2 (FGFR2) fusion or other rearrangement as detected by an FDA-approved test. Pemazyre is the first and only FDA-approved treatment for this indication, which was approved under accelerated approval based on overall response rate and duration of response (DOR). Continued approval may be contingent on verification and description of clinical benefit in a confirmatory trial(s).

¡§Our research into FGFR2 fusions or rearrangements in cholangiocarcinoma and the development of Pemazyre as the first targeted treatment option demonstrates our commitment to translating scientific discovery into solutions that can positively impact patients¡¦ lives,¡¨ said Hervé Hoppenot, Chief Executive Officer, Incyte. ¡§We¡¦re proud to bring Pemazyre to patients and will make this new treatment available immediately.¡¨

The FDA approval was based on data from the FIGHT-202 study, a multi-center, open-label, single-arm study that evaluated Pemazyre as a treatment for adults with cholangiocarcinoma. In patients harboring FGFR2 fusions or rearrangements (Cohort A), Pemazyre monotherapy resulted in an overall response rate of 36% (primary endpoint), and median DOR of 9.1 months (secondary endpoint). Warnings and precautions for Pemazyre include eye problems such as dry or inflamed eyes, inflamed cornea, increased tears and a disorder of the retina; high levels of phosphate in the blood; and, for women who are pregnant, a risk of harm to the unborn baby or loss of pregnancy.

The FDA granted Pemazyre Breakthrough Therapy designation for the treatment of patients with previously treated advanced/metastatic or unresectable FGFR2 translocated cholangiocarcinoma. Additionally, the FDA granted Pemazyre Orphan Drug designation for the treatment of cholangiocarcinoma, and the New Drug Application (NDA) for Pemazyre was reviewed under the FDA¡¦s Priority Review program.

¡§Although cholangiocarcinoma is considered a rare disease, it has been on the rise over the past three decades,¡¨1,2 said Ghassan Abou-Alfa, M.D., Memorial Sloan Kettering Cancer Center. ¡§It is encouraging to have a new targeted treatment option for patients who historically have had limited options after first-line chemotherapy or surgery, in which relapse rates remain high.¡¨

Cholangiocarcinoma is a rare cancer that forms in the bile duct. It is classified based on its anatomical origin: intrahepatic cholangiocarcinoma (iCCA) occurs in the bile duct inside the liver and extrahepatic cholangiocarcinoma occurs in the bile duct outside the liver. Patients with cholangiocarcinoma are often diagnosed at a late or advanced stage when the prognosis is poor.3,4 The incidence of cholangiocarcinoma varies regionally and ranges between 0.3-3.4 per 100,000 in North America and Europe.3 FGFR2 fusions or rearrangements occur almost exclusively in iCCA, where they are observed in 10-16% of patients.5-7 FGFRs play an important role in tumor cell proliferation and survival, migration and angiogenesis (the formation of new blood vessels). Activating fusions, rearrangements, translocations and gene amplifications in FGFRs are closely correlated with the development of various cancers.

¡§Today¡¦s approval of Pemazyre provides an exciting new treatment option for patients and will bring hope to those who typically face a difficult diagnosis journey and poor prognosis,¡¨ said Stacie Lindsey, President, Cholangiocarcinoma Foundation.

Incyte is committed to supporting patients and removing barriers to access medicines. Eligible patients in the U.S. who are prescribed Pemazyre have access to IncyteCARES (Connecting to Access, Reimbursement, Education and Support), a comprehensive program offering patient support, including financial assistance and ongoing education and resources to eligible patients. More information is available at Pemazyre.com.

The FDA is also expected to approve FoundationOne®CDx as the companion diagnostic for Pemazyre. FoundationOne CDx is Foundation Medicine¡¦s comprehensive genomic profiling assay and broad companion diagnostic platform approved for all solid tumors. If approved, this companion diagnostic would help identify patients with FGFR2 fusions or rearrangements who may be eligible for Pemazyre.

Conference Call Information

Incyte will host an investor conference call and webcast on Monday, April 20, 2020, at 8:00 a.m. ET. The webcast will be available via investor.incyte.com.

To access the conference call, please dial 877-407-3042 for domestic callers or +1-201-389-0864 for international callers. When prompted, provide the conference identification number 13700772.

If you are unable to participate, a replay of the conference call will be available for 30 days. The replay dial-in number for the United States is 877-660-6853 and the dial-in number for international callers is +1-201-612-7415. To access the replay, you will need the conference identification number 13700772.

About FIGHT-202

The FIGHT-202 Phase 2 multi-center, open-label, single-arm study (NCT02924376) evaluated the safety and efficacy of Pemazyre ¡V a selective fibroblast growth factor receptor (FGFR) inhibitor ¡V in adult (age ≥18 years) patients with previously treated, locally advanced or metastatic cholangiocarcinoma with documented FGFR2 fusion or rearrangement.

Patients were enrolled into one of three cohorts ¡V Cohort A (FGFR2 fusions or rearrangements), Cohort B (other FGF/FGFR genetic alterations) or Cohort C (no FGF/FGFR genetic alterations). All patients received 13.5 mg Pemazyre orally once daily (QD) on a 21-day cycle (two weeks on/one week off) until radiological disease progression or unacceptable toxicity.

The primary endpoint of FIGHT-202 was overall response rate (ORR) in Cohort A, assessed by independent review per RECIST v1.1. Secondary endpoints include ORR in Cohorts B, A plus B, and C; and duration of response (DOR).

For more information about FIGHT-202, visit clinicaltrials.gov/ct2/show/NCT02924376.

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·|­û¡G¤Ñ©R10141925  µoªí®É¶¡:2020/9/23 ¤U¤È 05:36:20²Ä 3433 ½g¦^À³
Analysts Offer Insights on Healthcare Companies: Vaxart (VXRT), Bausch Health Companies (BHC) and Aslan Pharmaceuticals (ASLN)

Catie Powers-September 22, 2020, 6:25 AM EDT

There¡¦s a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Vaxart (VXRT), Bausch Health Companies (BHC) and Aslan Pharmaceuticals (ASLN) with bullish sentiments.

Vaxart (VXRT)

In a report released today, Vernon Bernardino from H.C. Wainwright reiterated a Buy rating on Vaxart, with a price target of $17.00. The company¡¦s shares closed last Monday at $8.99.

According to TipRanks.com, Bernardino is a 5-star analyst with an average return of 15.4% and a 35.0% success rate. Bernardino covers the Healthcare sector, focusing on stocks such as Citius Pharmaceuticals, Aridis Pharmaceuticals, and Phio Pharmaceuticals.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vaxart with a $19.50 average price target, representing a 141.6% upside. In a report issued on September 8, B.Riley FBR also reiterated a Buy rating on the stock with a $22.00 price target.

See today¡¦s analyst top recommended stocks >>

Bausch Health Companies (BHC)

In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Bausch Health Companies, with a price target of $50.00. The company¡¦s shares closed last Monday at $16.52.

According to TipRanks.com, Selvaraju is a 5-star analyst with an average return of 21.4% and a 45.7% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as Taro Pharmaceutical Industries, Turning Point Therapeutics, and Biospecifics Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bausch Health Companies with a $29.57 average price target.

Aslan Pharmaceuticals (ASLN)

In a report released today, Yi Chen from H.C. Wainwright reiterated a Buy rating on Aslan Pharmaceuticals, with a price target of $5.00. The company¡¦s shares closed last Monday at $1.50, close to its 52-week low of $0.35.

According to TipRanks.com, Chen is a 4-star analyst with an average return of 7.8% and a 36.2% success rate. Chen covers the Healthcare sector, focusing on stocks such as Interpace Diagnostics Group, HTG Molecular Diagnostics, and EyePoint Pharmaceuticals.

Aslan Pharmaceuticals has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.

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®Ú¾ÚTipRanks.comªº¼Æ¾Ú¡AChen¬O¥|¬P¯Å¤ÀªR®v¡A¥­§¡¦^³ø²v¬°7.8¢H¡A¦¨¥\²v¬°36.2¢H¡C Chen²[»\ÂåÀø«O°·»â°ì¡A¥D­nÃöª`Interpace Diagnostics Group¡AHTG Molecular Diagnostics©MEyePoint Pharmaceuticalsµ¥ªÑ²¼¡C

Aslan Pharmaceuticals¹ï¤ÀªR®vªº¬Ýªk¬°¡§Moderate Buy ¡¨¡A¥Ø¼Ð»ù¬°5.00¬ü¤¸¡C

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities

www.smarteranalyst.com/new-blurbs/analysts-offer-insights-on-healthcare-companies-vaxart-vxrt-bausch-health-companies-bhc-and-aslan-pharmaceuticals-asln/

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·s»D½Z¡X¡X2020/09/21

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ASLAN Pharmaceuticals­º®uÂå¾Ç©xKenneth Kobayashi³Õ¤h»¡¡G¡§¦Û¤W­Ó¤ë·s¥[©Y¸Ñ°£­­¨î¥H¨Ó¡A§Ú­Ì¯à°÷¥þ­±©Û¶Ò²Ä¤G§åMAD¬ã¨sªº³t«×¦A¦¸¦LÃÒ¤F±wªÌªº»Ý¨D³W¼Ò©M¿³½ì¥Î©óADªº³Ð·sÀøªkªºÂå®v¶¤¥î¡C§Ú­Ì¥[§Ö¤F¦b¬ü°ê©M¿D¤j§Q¨È¶}³]·s¬ã¨s¯¸ÂIªº­p¹º¡A¨Ã¬°³o¨Ç¯¸ÂI²{¦b¤w·Ç³Æ´Nºü¦Ó·P¨ì°ª¿³¡C¡¨

ASLAN004¬O¤@¬yªº³æ§J¶©§ÜÅé¡A¥i»PIL-13¨üÅé£\1¨È°ò¡]IL-13R£\1¡^µ²¦X¡AªýÂ_¨âºØ«Pª¢©Ê²Ó­M¦]¤lIL-4©MIL-13ªº«H¸¹¶Ç¾É¡A³o¨âºØ«Pµo²Ó­M¦]¤l¬OIJµo¥H¤U¯gª¬ªºÃöÁäAD¡A¨Ò¦p¥Ö½§µo¬õ©Mæ±Äo¡C

PRESS RELEASE

ASLAN PHARMACEUTICALS COMPLETES ENROLMENT IN SECOND COHORT AND OPENS NEW SITES IN US AND AUSTRALIA IN ASLAN004 ATOPIC DERMATITIS STUDY

Singapore, 21 September 2020 ¡V ASLAN Pharmaceuticals (Nasdaq:ASLN), a clinical-stage immunology and oncology focused biopharmaceutical company developing innovative treatments to transform the lives of patients, today announced that clinical sites in the US and Australia are now open and ready to enrol patients into its multiple ascending dose (MAD) study testing the first-in-class therapeutic antibody ASLAN004 in moderate to severe atopic dermatitis (AD) patients. Patients will now be recruited from 4 sites in Australia, 3 sites in the US alongside 2 existing sites in Singapore.

ASLAN recently restarted recruitment into the second cohort of the randomised, double blind, placebo-controlled study in Singapore following the lifting of government restrictions in response to COVID-19. All 8 patients have now been fully recruited into the cohort and ASLAN plans to initiate recruitment into the third cohort following approval by the Data Monitoring Committee. A further 8 patients will be recruited in Singapore, the US and Australia. ASLAN expects to report interim, unblinded data from all 3 dose cohorts in 4Q 2020.

Dr Kenneth Kobayashi, Chief Medical Officer, ASLAN Pharmaceuticals, said: ¡§The speed at which we have been able to fully recruit the second cohort of the MAD study since restrictions lifted in Singapore last month reaffirms the scale of the demand by patients and the interest of physicians for innovative treatments for AD. We accelerated our plans to open new study sites in the US and Australia, and are pleased that the sites are now ready to recruit.¡¨

ASLAN004 is a first-in-class monoclonal antibody that binds to the IL-13 receptor £\1 subunit (IL-13R£\1), blocking signalling of two pro-inflammatory cytokines, IL-4 and IL-13, which are central to triggering symptoms of AD, such as redness and itching of the skin.

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ASLAN004 Á{§É¸ê°T§ó·s---2020/09/21

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clinicaltrials.gov/ct2/show/NCT04090229

A Multi-center, Randomized, Double-blind, Placebo-controlled, Multiple Ascending Dose Study of the Safety, Tolerability, and Pharmacokinetics of Subcutaneously Delivered ASLAN004 in Adults With Moderate-Severe Atopic Dermatitis

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7 30,001-40,000 11 415,000 0.21

8 40,001-50,000 3 132,000 0.06

9 50,001-100,000 5 352,372 0.18

10 100,001-200,000 3 522,000 0.27

11 200,001-400,000 1 220,000 0.11

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·|­û¡G¤Ñ©R10141925  µoªí®É¶¡:2020/9/18 ¤W¤È 10:18:38²Ä 3429 ½g¦^À³
FSC approval of public company status cessation of the Company

On September 17, 2020, ASLAN Pharmaceuticals Limited (the ¡§Company¡¨) received a letter from the Financial Supervisory Commission of Taiwan confirming that the Company is no longer considered a public company in Taiwan. As previously disclosed on Company¡¦s Form 6-K filed with the Securities and Exchange Commission on September 4, 2020, the cessation of public company status in Taiwan was approved by the Company¡¦s shareholders at the second extraordinary general meeting held on September 4, 2020.

The Company¡¦s American Depositary Shares will continue to be listed and traded on the Nasdaq Global Market.

www.sec.gov/Archives/edgar/data/1722926/000156459020043862/asln-6k_20200917.htm

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