the Latest Company Presentation - Mar 11

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AbCheck

Combining affinity, stability, functionality & drugability on customized antibody formats

Company Presentation

March - 2011

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Profile

AbCheck utilises three synergistic platforms for the discovery and generation of human antibodies:

Proprietary Phage Display libraries and Yeast Display of full-length IgG or novel formats combined into the unique AbSieve technology

Highly validated proprietary Phage Display libraries ensure fast and reliable discovery of highly specific and high affinity human antibodies for virtually every possible target protein

Track record of more than 25 successful antibody discovery projects

Three different proprietary libraries with a combined diversity of 10 10 human antibodies

In-licensed Yeast Display technology allows screening of all antibody formats and improves drugability of drug candidates

Selects improved drug candidates from a huge number of variants

Selection in the most relevant format including full-length IgGs, customer specific and novel antibody formats

Services range from antibody discovery to lead optimization

Attractive tailor-made deal structures and with no royalty obligations to its partners

Three paths to success

Phage Display Yeast Display o Proven commercially – fast, robust and flexible o Proprietary libraries with a combined diversity of 10 10 provide a reliable source of highly specific human antibodies o Monovalent display for isolation of high affinity binders o Allows cell panning, selection of internalizing antibodies, epitope-focused selections and much more o Isolated VH/VL pairs constitute “binding units” and can be used in every antibody format from IgG to customer specific and novel formats

AbSieve o Displays functional full length IgGs , tandem scFvs , scFvs and in all probability new customer specific and novel antibody formats o Eukaryotic ER proof reading mechanism selects-out misfolded antibodies o Display efficiency correlates with expression yields and stabilities of soluble antibodies o Highest level of control by real-time, quantitative selection of antibody clones by FACS o Enables antibody engineering in the relevant antibody format

• Yeast Display of enriched AbCheck phage display libraries in two to three panning rounds

• Batch recloning of enriched pool

• Yeast Display and FACS-based selection in the most relevant format

• Expression of soluble antibodies - including full length IgGs - enables direct screening for functionality

• Apply to existing antibodies for improvement in affinity, expression, stability and functionality

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AbCheck Workflow - Overview

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AbSieve: Combined strength of Phage and Yeast display

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AbSieve: Increased probability of antibody success

AbSieve combines the strength of highly validated phage display libraries with the advanced possibilities of yeast display to address antibody specifications beyond affinity.

Ready-to-use and highly validated phage display libraries with

10 10 different molecules are optimal tools to discover new

antibodies in minimal time.

Monovalent display on the phage allows selection of high-

affinity antibodies to monomeric, dimeric or oligomeric soluble targets or targets in their native environment on the cell surface.

Improved drugability through yeast display, selecting for enhanced soluble expression levels and stability of

antibodies.

The yeast proof reading mechanism guarantees expressability

in eukaryotic systems.

Yeast Display in combination with FACS allows real-time

monitoring and full control of the selection process.

Screening in the final drug format avoids any drop outs caused by changes in the format.

Significantly increased probability of reaching market by identifying antibodies to exact specifications

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Proprietary Libraries

AbCheck uses three validated distinct human libraries

Natural library derived from immune system’s antibody gene repertoire

Further info

Fully synthetic library

Further Info

Semi-synthetic library combining aspects of both natural and synthetic antibody libraries

Further info

Comprising a total of about 10 10 sequentially and structurally diverse antibodies.

Advantages

Higher probability of isolating very specific human antibodies against every target

High diversity; approximately 10 10 not only in sequence, but also in structural diversity

Antibodies tuned to best target specific properties

Validation

Track record of more than 25 successful antibody discovery projects

More than 10 antibodies from AbCheck libraries in pre-clinical programs, one in the clinic

Outstanding screening expertise including:

Several complex cell surface receptors as well as GPCR

Subnanomolar affinities

Extreme specificities

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Library validation + panning procedure

Affinities

Monovalent binding affinities within the low nanomolar region obtained from primary screens

Low k off rates even for monovalent scFv

Transfer into bivalent IgG usually increases binding strength by orders of magnitude

Several means of affinity maturation can be applied to enhance the affinity even further

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Library validation + panning procedure

Extreme Specificities

Efficient counter-selection strategies were successfully applied to isolate antibodies with extreme specificities:

Isoform specific antibodies:

We have isolated an antibody to the Fc g receptor CD16A (Fc g

RIIIa) that does not bind the

CD16B isoform despite 96% sequence identity between the two isoforms.

Specific binding to deletion mutants without binding to the wild type protein:

Specific targeting of deletion mutants is challenging, because the only unique epitope is at the fusion site of the fragments upstream and downstream of the deleted part.

Conformation-specific antibodies:

By depleting the libraries of binders to the non-activated platelet receptor GPIIb/IIIa we were able to isolate antibodies to the activated form of the receptor.

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Library validation + panning procedure

Functionality

Most of the therapeutic applications require not only binding of the antibody but depend on agonistic or antagonistic activity. From our libraries we have isolated antibodies with different functions beyond binding:

Agonistic antibodies:

Binding of the anti CD16A antibody to the receptor activates NK cells and is very efficient in inducing ADCC.

Blocking antibodies:

The isolated anti GPIIb/IIIa antibody inhibits binding of fibrinogen to activated thrombocytes.

Antagonistic antibodies:

We have isolated an anti IL13R antibody that interrupts the IL13 signalling cascade.

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Library validation + panning procedure

Diversity

Our libraries have a combined complexity of 10 10 antibodies. In the natural library all VH and VL families are included giving the maximal possible structural diversity. The synthetic library extends the diversity beyond the limits of naturally occurring antibody sequences. A combination of natural and synthetic diversity proved in further increasing the diversity.

In a typical project 5 to 10 different antibodies meet the requested specifications.

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Our Discovery Capabilities

De novo isolation of antibodies

Phage Display

Ready-to-use highly validated phage display libraries

Strong experience in panning strategies including cell panning

AbSieve

Change to final drug format during the selection process

FACS-based selections

Characterisation

Affinity and specificity

ELISA & flow cytometry titrations

Biacore

Stability

Assessed in thermofluor assays

In vitro functionality

Target specific cell-based assays

Lead Optimisation

Phage or Yeast Display

Sublibraries for lead optimisation can be created for phage or yeast display

Addressing

Affinity, expression levels, stability and functionality

Possible in different antibody formats

Yeast Display platform allows lead optimisation of

IgGs or other antibody formats

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Partner Benefits

Three discovery platforms ensure three paths to the best antibodies

AbSieve is based on highly productive and validated technologies

Drugable antibodies delivered in very competitive time frames to virtually any target

Three distinct proprietary libraries expressing about 10 10 human antibodies

Significantly increased probability of identifying antibodies to exact specifications

Proven track record of isolating more than 25 different human antibodies

Strong IP position allowing flexible, tailored deal structure

No royalty obligations to third parties

Senior team with a proven track record in the discovery and research of therapeutic antibodies

Proven, highly enabling technologies combined with attractive cost structures

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Summary

The Human antibody discovery specialist in commercially validated yeast and phage technologies

Antibody discovery for virtually all targets in all formats

Higher probability of reaching market by screening in final antibody drug format

The unique AbSieve technology delivers drugable antibodies within highly efficient timelines

Three commercially validated diversified antibody libraries

AbCheck offers tailored deals with no royalty obligations

Thank you

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Senior Management

Dr. Volker Lang (Managing Director)

16 years experience in the biotechnology sector, spanning basic research, industry

R&D, Business Development and Licensing, commercial operations and management

Background as scientist and project manager combined with extensive experience in the commercialization of biotechnology products

Considerable CMC/Production experience in his previous positions as Chief Business Officer

(Affimed Therapeutics AG) and Vice President Corporate Development (Scil Technology

GmbH)

Dr. Vera Molkenthin (Chief Scientist and Head of Discovery)

Many years experience in the selection of antibodies using phage display

PhD from the Faculty of Biology in Mainz with main focus on construction of a phage display library and the selection of stabilizing mutations

Head of Screening at Affimed with responsibility for the management of the screening group, with special emphasis on generation of highly diverse antibody libraries, and design and execution of the most appropriate selection procedure for a particular target

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Contact

Volker Lang, PhD

(Managing Director)

Phone: +420 378 05 1500

V.Lang@AbCheck.eu

AbCheck s.r.o.

Vedeckotechnicky park Plzen

Teslova 3

CZ-301 00 Plzen www.AbCheck.eu

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Appendix

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Natural Antibody Library

Fully human library

In vivo created diversity of antibody sequences comprising sequential as well as structural diversity

New combinations of VH and VL chains from multiple healthy donors

No bias due to amplification of the VH chains by IgM specific priming

Special assembly technology guarantees > 70% functional clones

Reliable and rapid selection of highly specific and high affinity antibodies on recombinant proteins or cells

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Back to Libraries

Fully Synthetic Library

Synthetic library

Generated by introducing randomized sequences in the antibody binding site of selected frameworks

Ensuring reliable folding and high expression yields

Diversity generated in vitro thereby

Avoiding counter selection against anti-self antibodies

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Back to Libraries

Semi-Synthetic Library

Semi-synthetic library

Combining the advantages of the natural and synthetic library

Diversity and reliable folding and high expression

Increasing the diversity of binding molecules even further

Back to Libraries

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Yeast Display Explained:

The following four slides define the yeast display library AbCheck utilises for antibody discovery

TM

SECANT platform is the proprietary technology of Celexion LLC

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SECANT™ Platform Overview

The SECANT™ platform is a next-generation antibody display system that can handle large and complex proteins

• First yeast system to display full-length IgG antibodies

• Proven to display tandem scFv, bispecific and proprietary scaffolds

Enables high throughput assay of 10 8 to 10 9 variants for

• De Novo Antibody Discovery

• Complex Scaffold Engineering

• Scaffold Reformatting

• Affinity Maturation

• Stability/Solubility/Folding Control

• Humanization

• The SECANT™ platform will accelerate discovery timelines by allowing faster characterization and higher throughput

• SECANT™ platform is compatible with many types of proteins and libraries

• Full length IgG and scFv, fibronectin, receptor ectodomains, superoxide dismutase, human serum albumin, vitamin D-binding protein

Source: Celexion

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SECretion and CApture Tech. (SECANT™)

1. The gene for the variant protein to be engineered (the “gene of interest“) is expressed as a fusion to a biotin acceptor peptide (BAP). A co-expressed biotin ligase attaches biotin to the BAP tag on the expressed protein.

2. Avidin is attached to the outer wall of the host cell.

Source: Celexion

SECANT™ platform (continued)

3. The biotinylated protein of interest is secreted into the extracellular space where it binds to the surface-localized avidin. Approximately 10 5 proteins can be captured on the yeast surface in this manner.

4. The captured proteins can be assayed for binding, expression, or enzymatic activity by labeling with a fluorophoretagged ligand, antibody, or substrate.

Protein functionality can then be assayed and the best clones isolated by FACS.

Source: Celexion

SECANT™ platform can display functional, full-length IgG

Source: Celexion

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