Agios AACR-NCI-EORTC Investor Event David Schenkein, M.D. (CEO, Agios) Howard Burris, M.D. (Sarah Cannon Research Institute) November 8, 2015 Chris Bowden, M.D. (Chief Medical Officer, Agios) Cautionary Note Regarding Forward-Looking Statements This presentation and various remarks we make during this presentation contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those regarding the potential benefits of Agios' product candidates targeting IDH mutations, including AG-120 and AG-881; its plans for the clinical development of AG-120 and AG-881; its plans regarding future data presentations; and the benefit of its strategic plans and focus. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "potential," "hope," "could," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from Agios' current expectations and beliefs. For example, there can be no guarantee that any product candidate Agios is developing will successfully commence or complete necessary preclinical and clinical development phases, or that development of any of Agios' product candidates will successfully continue. There can be no guarantee that any positive developments in Agios' business will result in stock price appreciation. Management's expectations and, therefore, any forward-looking statements in this press release could also be affected by risks and uncertainties relating to a number of other important factors, including: Agios' results of clinical trials and preclinical studies, including subsequent analysis of existing data and new data received from ongoing and future studies; the content and timing of decisions made by the U.S. FDA and other regulatory authorities, investigational review boards at clinical trial sites and publication review bodies; Agios' ability to obtain and maintain requisite regulatory approvals and to enroll patients in its planned clinical trials; unplanned cash requirements and expenditures; competitive factors; Agios' ability to obtain, maintain and enforce patent and other intellectual property protection for any product candidates it is developing; Agios' ability to maintain key collaborations, such as its agreement with Celgene; and general economic and market conditions. These and other risks are described in greater detail under the caption "Risk Factors" included in Agios' Quarterly Report on Form 10-Q for the quarter ended September 30, 2015, and other filings that Agios may make with the Securities and Exchange Commission in the future. Any forward-looking statements contained in this press release speak only as of the date hereof, and Agios expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. 2 What’s Possible: Our Vision & Science November 8, 2015 David Schenkein, M.D. Chief Executive Officer We Are Driven By a Clear Vision and Values VISION Agios is passionately committed to the fundamental transformation of patients’ lives through scientific leadership in the field of cancer metabolism and rare genetic disorders of metabolism 4 What’s Possible for IDHm Patients A Roadmap for Speed and Breadth Goal All IDHm patients screened and treated with an IDHm inhibitor for the entire course of their disease Next Frontline AML Combination trials Now Maintenance MDS Other hematologic malignancies Solid tumors Relapsed/Refractory AML 5 What We Set Out to Do in Solid Tumors Is safe in a broader set of patients Show that AG-120: Differentiation Restored IDH Isocitrate mIDH Lowers 2-HG Epigenetic “Re-Wiring” Inhibitor 2HG Gets in tumors Normal Cell Death / Homeostasis Me Me Me Differentiation aKG Stem Cell 6 Alters the biology of these diseases Progenitor Mature Cell Clinical Activity in Difficult-to-Treat Diseases IHCC • A 65 year old female with IHCC previously treated with cisplatin + gemcitabine à gemcitabine + oxaliplatin à cisplatin + docetaxel, then received AG-120 • 98.7% reduction in tumor 2-HG level at C3D1 – • 7 1740 ng/g compared to 135,000 ng/g at screening 81% reduction in Ki-67 staining Glioma Framing Today’s Data • • • • What did we learn? What are the key takeaways? What do we still need to learn? What are our next steps? – Expansion phase is currently enrolling 4 cohorts each of 25 patients: • Low grade glioma subjects with ≥ 6 months of prior scans • 2nd-line cholangiocarcinoma subjects • High grade metastatic chondrosarcoma subjects • Cohort of solid tumor patients with IDH1 mutations not eligible for Arms 1-3 – A randomized phase 2 study of AG-120 in IHCC is planned for 2016 8 The First Reported Results of AG-120, a First-in-Class, Potent Inhibitor of the IDH1 Mutant Protein, in a Phase 1 Study of Patients with Advanced IDH1-Mutant Solid tumors, including Gliomas Howard Burris1, Ingo Mellinghoff2, Elizabeth Maher3, Patrick Wen4, Murali Beeram5, Mehdi Touat6, Jason Faris7, Nilofer Azad8, Timothy Cloughesy9, Lia Gore10, Jonathan Trent11, Daniel Von Hoff12, Meredith Goldwasser13, Hua Liu13, Bin Fan13, Bin Wu13, Sam Agresta13 1Sarah Cannon Research Institute, Nashville, TN; 2Memorial Sloan Kettering Cancer Center, New York, NY; 3University of Texas Southwestern Medical Center, Dallas, TX; 4Dana-Farber Cancer Institute, Boston, MA; 5START Center for Cancer Care, San Antonio, TX; 6Institut Gustave Roussy, Villejuif, France; 7Massachusetts General Hospital, Boston, MA; 8Johns Hopkins Sidney Kimmel Comprehensive Cancer Center, Baltimore, MD; 9Ronald Reagan UCLA Medical Center, Los Angeles, CA; 10University of Colorado School of Medicine, Aurora, CO; 11Sylvester Comprehensive Cancer Center, Miami, FL; 12Translational Genomics Research Institute, Phoenix, AZ; 13Agios Pharmaceuticals, Cambridge, MA Presented at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics, Boston, 5–9 Nov 2015. Key Takeaways • AG-120 is well tolerated in this solid tumor population • AG-120 displayed favourable PK properties • Reductions in plasma 2-HG are consistent with AG-120’s inhibition of mutant IDH1 activity – Reductions in intra-tumoral 2-HG observed with drug treatment – MRS results suggest that AG-120 can lower 2-HG in the brain • AG-120 shows encouraging signs of clinical activity • Phase 2 dose has been selected – 500 mg QD • Results warrant further study 10 Study Design Single-arm, dose escalation, 3+3 study (ClinicalTrials.gov NCT02073994) • Key objectives: – Safety and tolerability – Identify the maximum tolerated dose (MTD) and/or recommended phase 2 dose (RP2D) – Characterize pharmacokinetics, evaluate the pharmacokinetic/pharmacodynamic (PK/PD) relationship (2-HG) – Characterize preliminary clinical activity • Population: – Patients with advanced solid tumors with an IDH1 mutation • Treatment: – Single-agent AG-120 administered continuously, oral dosing once (QD) or twice (BID) daily in 28-day cycles – Eight dose levels explored: 100 mg BID, and 300, 400, 500, 600, 800, 900 and 1200 mg QD • Tumor assessments: – RECIST v1.1 criteria for solid tumors other than glioma – RANO criteria for glioma 11 RECIST, response evaluation criteria in solid tumors; RANO, response assessment in neuro-oncology IDH Mutations Promote Oncogenesis in Solid and Hematologic Malignancies • IDH mutations are hypothesized to be early and important transformational events that remain important throughout the tumor life cycle • IDH mutations found in solid tumors are similar to those found in hematological cancers • Inhibition of αKG-dependent dioxygenases by excess 2-HG causes genetic and epigenetic dysregulation, leading to oncogenesis DIFFERENTIATION RESTORED DIFFERENTIATION BLOCKED Inhibitor IDH Isocitrate mIDH 2-HG Me Me Stem Cell Normal cell death / HOMEOSTASIS Unchecked cell proliferation Me CANCER Differentiation αKG 12 Epigenetic “re-wiring” Progenitor Mature Progenitor Cell IDH1 Mutations Occur Across Multiple Solid Tumors • IDH1 mutations represent the majority (90-95%) in solid tumors compared to IDH2 mutations in hematologic malignancies • Mutations are observed in several types of cancer that are difficult to treat, or for which there is no standard therapy Glioma Intrahepatic cholangiocarcinoma (IHCC) Chondrosarcoma Low grade and secondary GBM Bile ducts Cartilage IDH1m frequency* 68–74% 11–24% 40–52% IDH2m frequency* 3–5% 2–6% 6–11% Tissue type 13 *Estimates continue to evolve with availability of new data. Images courtesy of T Cloughesy, J Trent & T Subhawong IDH1 Mutations Drive Tumorigenesis in a Model of Intrahepatic Cholangiocarcinoma Repression of hepatocyte marker HNF-4α Induction of differentiation along the hepatocyte lineage with Agios IDH1m inhibitor compound Induction of hepatocyte marker HNF-4α 14 Reprinted by permission from Macmillan Publishers Ltd: NATURE 513:110-114, copyright 2014, Saha et al. IDHm Inhibitor Responses in AML Are Fundamentally Different from Chemotherapy • Durable objective responses of 30–50% observed in IDHm+ AML • AG-120 properties: – Potent and reversible inhibitor of IDH1 mutants – Cellular IC50 = 8–20 nM and selective against off-targets – Orally bioavailable, long half life, low CNS penetration pre-clinically Day 15 Marrow IDHm inhibitor treatment Evidence of appropriate differentiation & maturation of mutated cells 15 Image: Min Xu M.D., data presented at AACR, Apr 2014 Day 15 Marrow Conventional chemotherapy Biopsy post conventional chemotherapy shows an empty marrow Disposition and Study Status Dose escalation is complete, expansion phase has started at 500 mg QD* Total enrolled, N=64 Treated subjects, n (%) 62 (100)** 100 mg BID 4 300 mg QD 9 400 mg QD 5 500 mg QD 24 600 mg QD 5 800 mg QD 6 900 mg QD 4 1200 mg QD 5 Disposition: Subjects on treatment, n (%) 25 (40) Discontinued subjects, n (%) 37 (60) Primary reason for discontinuation, n (%) Adverse event Progressive disease Withdrawal by subject Other 16 3 (5) 30 (48) 2 (3) 2 (3)*** Percentages derived from total treated subjects. Cut-off date 3 Sep 2015 *In subjects with cholangiocarcinoma, chondrosarcoma, non-enhancing glioma, and other solid tumors with the IDH1 mutation **Two patients were enrolled but had not received AG-120 at the time of data cut ***Lack of clinical benefit (n=1), clinical progression (n=1) Baseline Characteristics Total treated N=62 Median age, years (range) 56 (23–88) ECOG status at baseline, n (%) 0 21 (34) 1 41 (66) Gender (M/F) 29/33 Tumor types, n (%) Cholangiocarcinoma 25 (40) Chondrosarcoma 12 (19) Glioma 20 (32) Grade I-II 9 Grade III-IV 11 Other* Median prior lines of therapy, n (range) 17 *Colitis-associated, neuroendocrine, adenocarcinoma, small intestine, and ovarian cancers 5 (8) 3 (1–6) Safety Summary • No DLTs observed • MTD was not reached • All SAEs occurred in one patient each (N=18/62): – Acute kidney injury, acute respiratory failure, anemia, ataxia, brain herniation, confusional state, cystitis, urinary tract infection, headache, hyponatremia, joint effusion, esophageal varices hemorrhage, partial seizures, seizure, bacteremia, superior vena cava syndrome, vertebral fracture, urosepsis • No treatment-related deaths* • Median duration of AG-120 exposure = 2 months (range 0-13) • No dose reductions, 9 (15%) patients had dose interruptions *2 deaths occurred > 20 days after last AG-120 dose. Neither were deemed related to treatment (anemia and respiratory failure): 1 patient discontinued due to disease progression; 1 patient discontinued due to AE. 18 SAE, serious adverse event Most Frequent Adverse Events (In ≥10% of Patients, Regardless of Relationship) N=62 AG-120 well tolerated to date in this patient population AE All Grades, n (%) 55 (89) Grade ≥3, n (%) 21 (34) Nausea 16 (26) - Diarrhea 10 (16) - Vomiting 10 (16) - Anemia 9 (15) 3 (5) Electrocardiogram QT prolonged 9 (15) 2 (3) Fatigue 8 (13) - Headache 7 (11) 2 (3) Peripheral edema 7 (11) 1 (2) Abdominal pain 6 (10) - Ascites 6 (10) 1 (2) Patients experiencing ≥1 AE Most frequent AEs: 19 *Other Grade ≥3 events in ≥2 patients: hypophosphatemia 2 (3%), hyponatraemia 2 (3%) PK/PD Supports 500 mg PO QD Dose for Expansion Pharmacokinetics • High plasma AG-120 exposure, above projected efficacious level • Long half life (71.4 ± 63.4 hr) • Non-dose-proportional increases in plasma exposure above 500 mg QD Pharmacodynamics • 2-HG inhibition is observed • Plasma 2-HG reduced to levels seen in healthy volunteers (up to 98% inhibition) 20 2-HG in non-glioma patients (Dosed at 500 mg QD) Dashed line indicates average plasma 2HG levels in healthy volunteers Box indicates median and inter-quartile range (IQR) Whiskers extend to the highest/lowest value that is within 1.5*IQR The number indicates the number of patients Best Overall Response (Efficacy Evaluable Patients1) Chondrosarcoma n=11 Cholangiocarcinoma n=20 Glioma n = 20 Other n=4 Total N=55 PR - 1 (5) - - 1 (2) SD 7 (64) 11 (55) 10 (50) 1 (25) 29 (53) PD 2 (18) 6 (30) 10 (50) 3 (75) 21 (38) UNK/Not Assessed 2 (18) 2 (10) - - 4 (7) 5/9 (56) 6/14 (43) 4/16 (25) 0/2 15/41 (37) Best response, n (%) Clinical Benefit Rate at Month 62, n/N (%) Glioma response assessments are based on RANO criteria; non-glioma are based on RECIST v1.1 criteria Complete responses (CR) not observed PR, partial response; SD, stable disease; PD, progressive disease; UNK, unknown 1Includes subjects who had baseline and at least one post baseline tumor assessment or discontinued prematurely 2Defined as CR/PR/SD; among subjects whose treatment started at least 6 months prior to the data cut-off date of 3 Sep 2015 21 Clinical Data from Non-Glioma Patients IDH Mutated Tumors Are Difficult to Treat Intrahepatic Cholangiocarcinoma • • 2,000–4,000 new cases per year U.S. 50% of cases occur within the liver: IHCC • Prognosis: Worse for IHCC than other biliary tract tumors • • 23 Typically presents with advanced disease Prognosis: Poor 5-year survival – 15–30% for local disease – 2% for metastatic disease Chondrosarcoma • • 700–1,000 diagnosed per year in the U.S. Heterogeneous group of cancers – • • Arise from cartilage in bone and joint 3rd most common type of bone cancer Prognosis: Based on disease burden Images courtesy of Jonathan Trent & Ty Subhawong, Sylvester Comprehensive Cancer Centre – Curative potential with surgery, local disease – Low 5-year survival for metastatic disease IHCC Patient with Partial Response • A 65 year old female with IHCC previously treated with cisplatin + gemcitabine à gemcitabine + oxaliplatin à cisplatin + docetaxel, then received AG-120 • 98.7% reduction in tumor 2-HG level at C3D1 – 1740 ng/g compared to 135,000 ng/g at screening • 81% reduction in Ki-67 staining Screening H&E Ki-67 MRI 16.9%(+) C5D1 C3D1 3.3%(+) 81%i 24 H&E, hematoxylin and eosin; PR, partial response; MRI, magnetic resonance imaging; C3D1, cycle 3 day 1 PR Non-Glioma Solid Tumors: Best % Change in SLD of Target Lesions 60 50 B est % c h a n g e in S L D 40 Cholangiocarcinoma Chondrosarcoma Other 30 20 10 0 -1 0 -2 0 -3 0 -4 0 -5 0 Patients with ≥1 post-baseline tumor assessment shown 20% change is the RECIST threshold for PD and –30% change the RECIST threshold for PR Graph shows best response at any single time point 25 SLD, sum of the longest diameter of the target lesions; PR, partial response; PD, progressive disease Range for Stable Disease Duration on Treatment: Non-Glioma Solid Tumors 26 All 42 treated patients as of data cut-off 3 Sep 2015; Median third line treatment (range 1-6) PR, partial response; SD, stable disease; PD, progressive disease; UNK/NA, unknown/not assessed Proliferation Inhibition and Reduction of 2-HG in Tumor Tissue Tumor type Assigned dose Best response Treatment duration (weeks) Ki-67 (% reduction) Tumor 2-HG (% reduction) Cholangiocarcinoma 100 BID SD 54 22 NA Cholangiocarcinoma 300 QD PR 41 81 99 Cholangiocarcinoma 500 QD SD 32 55 NA Chondrosarcoma 100 BID SD 33 96 73 Chondrosarcoma 400 QD SD 33 77 NA • Proliferation assessed by IHC for presence of Ki-67 marker • Staining evaluated by digital image analysis within region of cancer • Reduction in Ki-67 staining and 2-HG expressed as % decrease at cycle 3 day 1 (C3D1) compared to screening 27 Image analysis performed using ImageScope software (Aperio) PR, partial response; SD, stable disease; NA, not available Clinical Data from Glioma Patients IDH1m Glioma Is a Unique Development Opportunity • • Prevalence: 68–74% Varying degrees of tumor aggressiveness – Slower growing: low-grade glioma (LGG) are WHO Grades 1 and 2 – Rapidly progressive: high-grade glioma (HGG) are WHO Grades 3 and 4 • • Long-term prognosis is poor: 5-year survival rate of 33% Median survival: 12–15 months for glioblastoma and 2–5 years for anaplastic glioma In c id e n c e o f ID H 1 m u t a t io n s in tw o g lio m a s e r ie s P r i m a r y g li o b la s t o m a ( g r a d e I V ) S e r ie s 1 ( I c h im u r a ) S e r ie s 2 ( B a ls s ) S e c o n d a r y g li o b la s t o m a ( g r a d e I V ) A n a p la s t i c o li g o a s t r o c y t o m a ( g r a d e I I I ) A n a p la s t i c o li g o d e n d r o g li o m a ( g r a d e I I I ) A n a p la s t i c a s t r o c y t o m a ( g r a d e I I I ) O li g o a s t r o c y t o m a ( g r a d e I I ) O li g o d e n d r o g li o m a ( g r a d e I I ) D if f u s e a s tr o c y to m a ( g r a d e II) 0 20 40 60 80 100 No IDH1 mutations were identified in ependymoma, meningioma or medulloblastoma samples F re q u e n c y (% ) 29 Data from: Ichimura et al. Neuro-Oncology 2009;11:341–347; Balss et al. Acta Neuropathol 2008;116:597-602 IDH1m Gliomas Have Distinct MRI Appearance 30 • Decreased contrast enhancement, increased non-contrast enhancing tumor, decreased necrosis and edema, increased cysts, diffuse component, and increased tumor size in IDH mutant disease • MR spectroscopy (MRS) may serve as an adjunct to conventional imaging to understand 2-HG response in IDH-mutant glioma Reprinted with permission. © 2011 American Society of Clinical Oncology. All rights reserved. Lai et al. J Clin Oncol. 29:4482-4490. Evidence for Sequenced Molecular Evolution of IDH1 Mutant From Andronesi et al. Sci Transl Med 2012;4:116. Glioblastoma From a Distinct Cell of Origin Reprinted with permission from AAAS Glioma: Best % Change in SPD* 175 150 B est % c h a n g e in S P D 125 Tumor grade 2, low grade Tumor grade 3/4, high grade 100 75 50 25 0 -2 5 -5 0 -7 5 -1 0 0 -1 2 5 Patients with ≥1 post-baseline tumor assessment shown 25% change is the RANO threshold for PD and –50% change the RANO threshold for PR Graph shows best response at any single time point 31 *SPD, sum of the product of diameters; PR, partial response; PD, progressive disease Range for Stable Disease Glioma: Duration on Treatment All 20 treated patients as of data cut-off 3 Sep 2015. SD, stable disease; PD, progressive disease 32 2D MRS (TE=97 ms) 38 year old male with Grade II glioma 33 1D MRS (TE=97 ms) Volumetric Change Observed Consistent with 2-HG MRS Reduction Pre-treatment 2-HG On treatment 2-HG Pre-AG-120 treatment Pre treatment On treatment Data from Dana Farber Cancer Institute (P Wen, R Huang, A Lin) Tumor volume Assessing AG-120 Treatment Impact with Volumetric, MRS and SPD Analyses Grade II oligoastrocytoma Max Volume Change Max 2-HG Change by MRS Best SPD Change Grade II oligodendroglioma −64% −100% −30% −19% −53% +3% +73% +37% −2% Grade III anaplastic oligoastrocytoma Pre-AG-120 treatment 34 Data from Dana Farber Cancer Institute (P Wen, R Huang, A Lin) SPD, sum of the product of diameters Putting the Data in Clinical Context • Excellent safety profile provides potential to combine with: – Chemotherapy – Immuno-oncology – Radiation – Novel-novel across all solid tumor indications • Clinical activity observed has applications across multiple indications – Surgically managed diseases • Neo-adjuvant approach with chemotherapy – goal is to cure people • Adjuvant treatment – goal is to improve survival • Unique opportunity to understand treatment impact on gliomas via volumetric analysis, MRS of 2-HG, etc. 35 IDH Development in Solid Tumors November 8, 2015 Chris Bowden, M.D. Chief Medical Officer Developing IDHm Inhibitors in Solid Tumors • Uncharted development area withandnew biology IDH mutations both found in blood solid cancer, clinical development programs and timelines are different • LGG, IHCC and chondrosarcoma have poor treatment options and limited drug development precedent Realizing the full potential of targeting IDH mutations is a long-term proposition • Significant opportunity to develop targeted therapies across IDHm solid tumors • Multiple clinical development programs ongoing and planned to address broad range of solid tumors 37 Changing the Natural History of IDHm Solid Tumors Our vision is to develop a foundational therapy used through multiple stages of any IDHm tumor where POC is established Adjuvant Post-resection to prevent recurrence à potential cure Frontline Suppress driver mutation as monotherapy or in combination with other agents à improve survival Relapsed/Refractory Setting 38 Glioma: Surgical Resection Is Mainstay of Treatment Followed by Radiation and/or Chemotherapy Treatment Algorithm for Glioma • Newly diagnosed – Surgical intervention – Treatment post-surgery depends on grade • Observation alone • Chemotherapy • Radiation (RT) • Chemotherapy plus RT • Limited effective treatment options for progressive disease 39 Nat Rev Neurol. 2013 Mar;9(3):141-51. Chondrosarcoma: Surgery Is Only Curative Option • Surgery is the mainstay of treatment – Complete surgical resection curative, but not possible in advanced disease • Radiation is not effective • Chemotherapy is of limited benefit – Primarily used in neoadjuvant setting to convert nonresectable to resectable • 40 Treatment for metastatic disease is mainly palliative 1st graph: Italiano A, Annals of Oncology 2013; 2nd graph: Wagner 2013 CTOS Presentation Metastatic Cholangiocarcinoma: Options Are Limited to Gemcitabine-Based Regimens • Surgery possibility curative, if not metastatic – IHCC has the lowest resectability rates (due to late presentation) Randomized, Frontline Phase 2 study including 86 patients comparing cisplatin plus gemcitabine with gemcitabine alone in patients with previously untreated locally advanced or metastatic biliary tract cancer – Five-year OS post-resection: 14-40% – Majority of patients recur despite complete resection • Cisplatin plus gemcitabine standard of care for newly diagnosed metastatic disease Valle J. N Engl J Med. 2010. 41 What We Expect to Learn: Phase 1 Expansion Phase 1 Expansion Cohorts (25 patients/cohort) Cohorts Potential Learnings • 1. Low grade glioma patients with ≥ 6 months of prior scans 2. 2nd-line cholangiocarcinoma patients • • • Further assess epigenetics remodeling and antiproliferative effects of AG-120 at the tissue level • Pilot efficacy and safety in low IDHm prevalence settings (e.g., breast cancer, colorectal cancer) 3. High-grade metastatic chondrosarcoma patients 4. Cohort of solid tumor patients with IDH1 mutations not eligible for Arms 1-3 42 Improved understanding of radiographic (volumetric) course of disease 2-HG MRS in predicting clinical activity Development of new endpoints What We Expect to Learn: Randomized Phase 2 Randomized Phase 2 in IHCC 43 • Direct comparison of AG-120 vs. a control • Potential of AG-120 to improve disease control rate Clinical Development Path in IDH1m Solid Tumors Will Be Data Driven AG-120 Dose-Escalation (Completed) Expansion (Ongoing) IDH1m inhibition; Lower CNS penetration Randomized IHCC Phase 2 (Planned) AG-881 Pan-IDHm inhibition; High CNS penetration 44 AG-881 Phase 1 Dose-Escalation (Ongoing) Potential Expansion IHCC Chondro sarcoma Glioma Other IDHm Solid Tumors Novel First-in-Class Clinical Portfolio Candidate Indication Early Stage Clinical Development R/R AML R/R AML Expansion Cohorts Phase 1 Dose Escalation Frontline AML Phase 1b Combinations (Q4’15) (IDH2m inhibitor) Frontline AML Phase 1/2 Combinations (Q1’16) Solid Tumors Phase 1 Expansion Agios U.S. Co-promotion and Royalty Phase 1 Dose Escalation AML R/R AML Phase 3 (1H’16) Dose Escalation Expansion Cohorts AG-120 MDS/Heme Malig (IDH1m inhibitor) Frontline AML Phase 1b Combinations (Q4’15) Frontline AML Phase 1/2 Combinations (Q1’16) Solid Tumors Phase 1 Dose Escalation IHCC Phase 1 Expansion R/R AML Phase 1 Dose Escalation (pan-IDHm inhibitor) Solid Tumors Phase 1 Dose Escalation AG-348 PK Deficiency AG-519 PK Deficiency (PK (R) Activator) U.S. Rights EX-U.S. Expansion Cohorts Phase 2 (2016) AG-881 (PK (R) Activator) Primary Commercial Rights Phase 3 AG-221 MDS/Heme Malig Late Stage Clinical Development Phase 2 DRIVE PK Phase 1 (Q1‘16) Joint Worldwide Collaboration What’s Next at ASH • 7 abstracts accepted - Four for AG-221 and AG-120, including new data from dose escalation and expansion cohorts - Three for PK deficiency program, including PK/PD data for AG-348 and natural history study findings 46