NeuroVive completes 10 percent acquisition of Isomerase Therapeutics

Lund, Sweden, August 15, 2016 - NeuroVive Pharmaceutical AB (Nasdaq Stockholm:
NVP, OTCQX: NEVPF), the mitochondrial medicine company, today announces that the
second step in the previously announced partial acquisition of the British drug
discovery and development company Isomerase Therapeutics Ltd (Isomerase), has
been completed. NeuroVive now holds approximately 10 percent of the shares in
Isomerase. The overall aim with the acquisition is to strengthen the existing
partnership and accelerate NeuroVive’s research and development (R&D) program.
The now completed acquisition includes approximately 5% further of the shares in
Isomerase through a 550 000 GBP cash payment. The first step in the acquisition
was executed January 14,
2016 (http://publish.ne.cision.com/Release/ViewReleaseHtml/91E0B436350950EF)
when NeuroVive acquired approximately 5 percent of the shares in Isomerase by
payment in own shares.

NeuroVive is committed to the discovery and development of highly targeted drug
candidates that can improve and support mitochondrial function in disease areas
with a high medical need. The completed holding in Isomerase is in line with
NeuroVive's business strategy of value-adding partnerships with mitochondrial
research and development players and commercial partners globally. The joint
teams at NeuroVive and Isomerase are currently working on the research project
NVP015 (complex I dysfunction) and several other discovery programs which all
are progressing well.

“We are very happy with how our collaboration with Isomerase has evolved
throughout the years. We have together with Isomerase been able to efficiently
advance our prioritized research program NVP015 and generate new compounds that
currently are evaluated in experimental models”, commented Erik Kinnman, CEO
NeuroVive.

About Isomerase

Isomerase Therapeutics (www.isomerase.co.uk) is an agile drug discovery and
development company based in Cambridge, UK and is a leader in the discovery and
development of compounds that target molecules such as cyclophilins. The Company
is led by an experienced team with a successful track record in the discovery,
development and commercialization of drugs by applying a combination of
biosynthetic engineering and synthetic chemistry. The team at Isomerase is
actively involved in the pharmacology, chemistry and manufacturing for several
of NeuroVive’s projects.

About NeuroVive

NeuroVive Pharmaceutical AB (publ) is a pioneer in mitochondrial medicine and a
company committed to the discovery and development of highly targeted candidates
that preserve mitochondrial integrity and function in areas of significant
therapeutic need. NeuroVive's business approach is driven by value-adding
partnerships with mitochondrial research institutions and commercial partners
across the globe.

NeuroVive's portfolio consists of two clinical projects, one in acute kidney
injury (CicloMulsion®) and one in traumatic brain injury (NeuroSTAT®). The
candidate drug NeuroSTAT has orphan drug designation in Europe and in the US for
treatment of moderate to severe traumatic brain injury and is currently being
evaluated in the CHIC study. CicloMulsion is being evaluated in an on-going
study, CiPRICS, in acute kidney injury during major surgery. Furthermore, the
R&D portfolio consists of two late stage discovery programs and one compound in
preclinical development.

NeuroVive is listed on Nasdaq Stockholm, Sweden, Small Cap, under the ticker
symbol NVP. The share is also traded on the OTC Markets Group Inc market in the
US. NeuroVive Pharmaceutical (OTC: NEVPF) trades on the OTCQX Best Market.

For investor relations and media questions, please contact:
Cecilia Hofvander, NeuroVive, Tel: +46 (0)46 275 62 21 or ir@neurovive.com

NeuroVive Pharmaceutical AB (publ)
Medicon Village, SE-223 81 Lund, Sweden
Tel: +46 (0)46 275 62 20 (switchboard)
Fax: +46 (0)46 888 83 48
www.neurovive.com

This information is information that NeuroVive Pharmaceutical AB (publ) is
obliged to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of the contact
person set out above, at 1:30 p.m. CEST on August 15, 2016.