CytoDyn Alerts Shareholders to Vote on Company’s Proxy Card Ahead of October 28th Annual Meeting

VANCOUVER, Wash .– (BUSINESS WIRE) – CytoDyn Inc. (OTCQB: CYDY) (“CytoDyn” or the “Firm”), a late-stage biotechnology firm growing Leronlimab, a CCR5 antagonist with potential for a number of therapeutic indications, right now introduced that shareholders have Proxy -Materials might be acquired from the Firm beginning this week in reference to the upcoming 2021 Annual Normal Assembly on October 28, 2021 (the “Annual Normal Assembly”).

The corporate urges all shareholders to instantly vote for his or her shares upon receipt of voting materials on the corporate’s card to make sure their votes rely in time for the AGM. Shareholders ought to anticipate to be contacted by the Firm’s proxy, Morrow Sodali, for private help in voting.

As a reminder, the Delaware Court docket of Chancery discovered that CytoDyn’s board of administrators duly rejected a nomination discover submitted by the activist group. In mild of the October 13 court docket ruling, the Firm won’t think about nominations from the Group’s administrators, and no powers or votes in favor of its nominees might be acknowledged or tabulated on the 2021 Annual Assembly, except judicial intervention requires in any other case.

Shareholders registered from September 1, 2021 are entitled to vote within the Annual Normal Assembly.

When you have any questions or want help with voting in your shares, please contact our proxy:

Morrow Sodali LLC

Toll-free shareholder name: (800) 662-5200

Banks, Brokers, Trustees, and Different Nominees Name Accumulate: (203) 658-9400

Electronic mail: cydy@information.morrowsodali.com

About CytoDyn

CytoDyn is a late-stage biotechnology firm growing revolutionary remedies for a number of therapeutic indications utilizing Leronlimab, a novel humanized monoclonal antibody that targets the CCR5 receptor. CCR5 performs a important function in HIV’s capability to enter and infect wholesome T cells and seems to be concerned in tumor metastasis and immune-mediated ailments comparable to NASH.

CytoDyn efficiently accomplished a pivotal Part 3 examine of leronlimab together with customary antiretroviral therapies in HIV-infected sufferers who had been extremely skilled with restricted remedy choices. CytoDyn is working diligently to re-submit its BLA for this HIV mixture remedy since CytoDyn acquired a BLA submitting refusal in July 2020, which is predicted to be accomplished within the first quarter of calendar 12 months 2022. CytoDyn has additionally accomplished a Part 2b / 3 examine of leronlimab as a once-weekly monotherapy for HIV-infected sufferers. CytoDyn plans to provoke a registration-oriented examine for the indication leronlimab monotherapy. If profitable, it might help approval to increase the label. Scientific outcomes so far from two research have proven that leronlimab can keep suppressed viral masses in a subpopulation of R5 HIV sufferers who’ve chosen to change from their day by day tablet routine to a once-weekly subcutaneous dose of leronlimab. A number of sufferers within the section 2b extension arm of leronlimab remained virally suppressed for almost 7 years, and plenty of sufferers in our section 2b / 3 examine had been on monotherapy for 2 and 4 years with suppressed viral load.

CytoDyn lately accomplished a section 2 medical examine with leronlimab in mTNBC and a section 2 basket examine in stable tumor cancers (22 completely different most cancers indications). A section 2 examine of post-acute results of SARS COV-2, also referred to as COVID-19 long-haul flights, and a section 2 medical examine for NASH are ongoing. CytoDyn has already accomplished a section 2 and section 3 examine for delicate to average or extreme to extreme COVID-19 sufferers in whom CytoDyn didn’t meet its main or secondary endpoints, excluding the secondary endpoint within the important one Research sick subpopulation. Extra data is accessible at www.cytodyn.com.

Ahead-Trying Statements

This press launch comprises sure forward-looking statements that contain dangers, uncertainties and assumptions which might be troublesome to foretell. Phrases and phrases that mirror optimism, satisfaction or disappointment about present prospects, in addition to phrases comparable to “believes”, “hopes”, “intends”, “estimates”, “expects”, “projected”, “planet”, “anticipates” and Variations or using future tenses determine forward-looking statements, however the lack of them doesn’t imply that any assertion just isn’t forward-looking. Ahead-looking statements embrace, specifically, statements about Leronlimab, its capability to attain constructive well being outcomes, the potential outcomes of medical trials, research or different packages or the flexibility to proceed such packages, the flexibility to acquire regulatory approvals for business gross sales, and the marketplace for precise business gross sales. The Firm’s forward-looking statements usually are not ensures of efficiency, and precise outcomes could differ as a result of dangers and uncertainties together with: (i) authorities rules governing the effectiveness of Leronlimab within the remedy of human immunodeficiency virus (“HIV”) sufferers with a number of resistance to present Customary of Care, COVID-19 Sufferers, and Metastatic Triple Destructive Breast Most cancers (“mTNBC”), together with from the US Meals and Drug Administration and varied drug regulatory companies in different nations; (ii) the corporate’s capability to boost extra capital to fund its enterprise; (iii) the corporate’s capability to satisfy its liabilities; (iv) the Firm’s capability to enter into partnership or license agreements with third events; (v) the Firm’s capability to well timed determine sufferers for participation in its medical trials; (vi) the corporate’s capability to acquire approval for a marketable product; (vii) the design, conduct and conduct of the Firm’s medical research; (viii) the outcomes of the Firm’s medical trials, together with the potential of hostile medical trial outcomes; (ix) the marketplace for and marketability of every accepted product; (x) the existence or growth of any vaccine, drug, or different remedy that’s thought of by a medical practitioner or affected person to be superior to the Firm’s merchandise; (xi) regulatory initiatives, regulatory compliance and regulatory approval course of; (xii) authorized proceedings, investigations or inquiries in regards to the firm or its merchandise; (xiii) normal phrases and circumstances; (xiv) adjustments in international, political and social circumstances; (xv) actions or proposals by shareholders in relation to the corporate, its administration or its board of administrators; and (xvi) varied different issues, lots of that are past the management of the corporate. The corporate urges traders to particularly think about the assorted danger components recognized in its newest Type 10-Okay, in addition to any danger components or warnings contained in any subsequent Type 10-Q or Type 8-Okay submitted to the has been filed with the Securities and Alternate Fee. Besides as required by regulation, the corporate assumes no accountability to replace forward-looking statements to mirror occasions or circumstances that happen after the date of this press launch.

Essential data

CytoDyn intends to file a ultimate proxy assertion and related proxy card with the SEC in reference to acquiring proxies for the corporate’s 2021 annual assembly. Particulars of the nominees of the corporate’s Board of Administrators for election on the 2021 annual assembly might be included within the proxy assertion. BEFORE TAKING A VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGENT TO READ ALL RELEVANT DOCUMENTS ADDED TO THE SEC OR SUBMITTED TO THE SEC, INCLUDING THE FINAL AUTHORIZATIONS. Buyers and shareholders can receive a replica of the ultimate proxy assertion and different paperwork filed by the Firm freed from cost from the SEC web site at www.sec.gov. Firm shareholders might also receive a replica of the ultimate proxy and different related submitting at no cost by mailing a request to CytoDyn Inc., 1111 Foremost Avenue, Suite 660, Vancouver, Washington 98660.

Participant within the tender

The Firm, its administrators and a few of its officers are deemed to be members within the solicitation of proxies from shareholders in relation to the 2021 annual normal assembly The Firm’s Annual Report on Type 10-Okay for the fiscal 12 months ended Could 31, 2021, filed with the SEC on July 30, 2021, as amended by Modification No. 1, filed with the SEC on September 28, 2021, and the corporate’s ultimate proxy assertion for the 2020 AGM, filed with the SEC on September 1, 2020; these members within the Firm’s securities have modified because the quantities described within the 2020 AGM proxy. These paperwork will be obtained freed from cost from the sources talked about above. Further data concerning these attendees’ pursuits in a proxy solicitation and an outline of their direct and oblique pursuits, by holdings or in any other case, may also be included in any proxy and different related supplies that should be filed with the SEC, if and when they’ll accessible.

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