Safety and Preliminary Efficacy Study of WST11 (Stakel®)-Mediated VTP Therapy in Subjects With CNV Associated With AMD

The primary objective of this Phase IIa clinical study is to evaluate the safety of treatment
with Stakel®-mediated VTP in subjects with neovascular AMD. The secondary objective of this
Phase IIa clinical study is to explore the effect of treatment with Stakel®-mediated VTP in
subjects with neovascular AMD. The exploratory objective is to assess whether it is possible
to delay or reduce the requirement for anti Vascular Endothelium Growth Factor (anti VEGF)
intravitreal therapy in the first 12 weeks after VTP.

All subjects will have a 52 weeks safety follow up telephone call. (Not for AEs collection).

Inclusion Criteria:

- Twenty eight days or more after at least one ranibizumab injection, recurrent leakage
on Fluorescein Angiography (FA) from subfoveal Choroidal NeoVessels (CNV) secondary to
AMD.

- Total lesion size not exceeding 5400 μm in its greatest linear dimension.

- Best Corrected Visual Acuity (BCVA) letter score of 73 to 23 in the study eye at a
starting distance of 4 meters.

- No contraindication to intravitreal ranibizumab injection.

- Postmenopausal for at least 12 months prior to enrollment or practicing medically
acceptable form of birth control and not pregnant. Male subjects must be practicing a
medically acceptable form of birth control.

Exclusion Criteria:

- Prior treatments:

- Previous subfoveal laser photocoagulation, external-beam radiation therapy, or
transpupillary thermoTherapy (TTT) in the study eye at any time.

- Using anti-VEGF therapies for other indications (e.g., cancer) in the 30 days
prior to the study and/or during the study

- Received anti-VEGF injection in study eye during less than 28 days prior to Day 1
of the study.

- More than three previous photodynamic therapy (PDT) treatments in the preceding
12 months.

- Laser photocoagulation (juxtafoveal or extrafoveal) in the study eye within the
preceding month.

- History of vitrectomy,of glaucoma filtering surgery,submacular surgery or other
surgical intervention in the study eye.

- History of corneal transplant in the study eye.

- Previous participation in any studies of investigational drugs within 1 month
preceding Day 1 (excluding vitamins and minerals).

- Lesion Characteristics

- Permanent structural damage to the center of the fovea of the study eye, or a
concurrent ocular or systemic condition that could contraindicate administration
of an investigational drug, or render the subject at a high risk of treatment
complications.

- Subretinal hemorrhage in the study eye that involves the center of the fovea, if
the size of the hemorrhage is either ≥50% of the total lesion area or ≥1 disc
area in size.

- Subfoveal fibrosis or atrophy in the study eye which is at least 50% of the
lesion.

- CNV in either eye due to other causes.

- Retinal pigment epithelial tear involving the macula in the study eye.

- Concurrent Ocular Conditions

- Active intraocular inflammation (grade trace or above) or current vitreous
hemorrhage or rhegmatogenous retinal detachment or macular hole (Stage 3 or 4) in
the study eye.

- History of idiopathic or autoimmune-associated uveitis in either eye.

- Infectious conjunctivitis, keratitis, scleritis, or endophthalmitis in either
eye.

- Aphakia or absence of the posterior capsule in the study eye.

- Spherical equivalent of the refractive error in the study eye demonstrating
more-than eight diopters of myopia.

- Intraocular surgery (including cataract surgery) in the study eye within three
months preceding Day 1.

- Uncontrolled glaucoma in the study eye.