NeuroVive announces Arbutus Biopharma’s notice of termination

Lund, Sweden, July 6, 2016 - NeuroVive Pharmaceutical AB (Nasdaq Stockholm: NVP,
OTCQX: NEVPF), the mitochondrial medicine company, today announces that Arbutus
Biopharma (formerly OnCore Biopharma, Inc.) has given NeuroVive a purported
notice of termination of the license agreement signed in 2014, related to the
development and commercialization of NeuroVive’s compound NVP018 for oral
treatment of HBV.  Arbutus’ notice, which NeuroVive questions on several grounds
and in respect of which NeuroVive has reserved its rights, is a consequence of
Arbutus’s decision to discontinue development of OCB-030 (NVP018), as
communicated in October
2015 (http://publish.ne.cision.com/Release/ViewReleaseHtml/28EB31BA18B12373).
The fate of the license remains under discussion between the parties.
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 08.30 CEST on July 6, 2016.

NeuroVive Pharmaceutical AB (publ) - the mitochondrial medicine company. The
company is listed on Nasdaq Stockholm, 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.
Investors can find Real-Time quotes and market information for the company
at  www.otcmarkets.com/stock/NEVPF/quote.