Marine Technology Summit November 16, 2010 Nereus Pharmaceuticals Discovering and Developing New Medicines from Marine Microbes Ken Lloyd, Ph.D. Chief Scientific Officer 1 Marine Technology Summit November 16, 2010 Marine Microbiology: Paths to Success Natural Product •Mother Nature best chemist Marizomib (NPI-0052) •Better characteristics than >60 analogs •Late Phase 1 •Multiple Myeloma •Lymphomas Derivative of Natural Product •Analogue Chemistry •Precursor Manipulation •Gene Strategies Plinabulin (NPI-2358) •Better profile than >200 analogs •Late Phase 2 •Non small cell lung cancer •Other solid tumors 2 Marizomib: Second Generation Proteasome Inhibitor with Best-in-Class Properties Marizomib (NPI-0052) Key Points Unique structure as compared to synthetic H H OH H N O O O H CH3 Cl •5 chiral centers •17-step chemical synthesis •1-step fermentation competitors Potent, broad spectrum proteasome inhibitor Highly selective for proteasome activities as compared to other proteases Marizomib has commercially relevant benefits secondary to unique structure Superior safety profile Superior efficacy (Velcade resistant tumors) Potential for oral, sc, or sublingual Significant market opportunity in validated indications with considerable upside in other large market indications 3 Marizomib: Clinical Summation Excellent clinical safety profile with high levels of proteasome inhibition Excellent pharmacodynamic results translating from bench to clinic Proof of mechanism milestone achieved Anti-tumor activity seen in clinical trials 4 Cutaneous Marginal Zone Lymphoma Patient Treated with Marizomib Weekly at 0.7 mg/m2 Baseline Prior Treatments (2006-2009): Hyper-CVAD ASCT (Bu-MEL) XRT (TSEB & IF) Rituximab Cycle 4 Day 22 Complete Response – Biopsy Confirmed Continued Complete Response Cycle 4 through Cycle 15 5 Plinabulin: A Novel, Potent and Highly Selective VDA with First-in-Class Potential Plinabulin; NPI-2358 Themes On track to be the next major advance in the treatment of multiple cancers after success of angiogenesis inhibitors O N HN H N NH O •one of >250 analogues of the natural product •Potency >40 fold natural product •Straightforward synthesis Major improvements over: Anti-angiogenesis agents Anti-microtubule cytotoxic agents Unique safety and efficacy profiles, synergy and utility in unmet need populations Novel plinabulin structure likely responsible for advantages Significantly improved safety profile Potent and selective vascular disruption + direct apoptotic effect to improve efficacy 6 Plinabulin: Clinical Summation Excellent clinical safety profile vs other VDAs and other approved oncology drugs CNS/Neurological Cardiac Decreases docetaxel induced neutropenia Major adverse effect of docetaxel, a major chemotherapeutic in the treatment of NSCLC Exceptional pharmacodynamic results (decrease in tumor blood flow) Single agent clinical benefit rate of 30% in solid tumors Durable; up to 2 years Impressive early signal in 2nd line NSCLC study 7 Marine Technology Summit November 16, 2010 Other low-hanging fruit for drug discovery from marine microbiology Antiinfectives Major antibiotic discovery effort ongoing at SIO/UCSD Antifungals Antivirals Metabolic diseases, cardiovascular diseases 8 Thank you! 9