MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Xoft, Inc. – Basic Facts The global leader in Electronic Brachytherapy (eBx™) Products based on proprietary miniaturized X-ray source technology Key company milestones: – FDA Clearance, Axxent System, Breast Only: Dec 2005 – Ramping up Production/Manufacturing: 2006 – Breast APBI Clinical Trial: 2007 – Soft Launch: Dec 2007 – FDA Clearance, Rest of Body (Controller/Source) : Feb 2008 – FDA Clearance Endometrial cancer: May 2008 – Breast IORT, first treatment: September 2008 – Skin cancer: July 2009 -- Pergentium Ltd distribution Nov 2009 Xoft’s Mission – Expanding access to highly conformal radiation therapy through our system of care to improve the treatment of a broad array of cancers CONFIDENTIAL -2- MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. The Xoft System Evolution BREAST REST OF BODY CONFIDENTIAL -3- MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. 5 of the Top 20 US Hospitals have eBx™ The Axxent System is being used at many marquee medical centers including 5 hospitals ranked in the top 20 hospitals in the U.S. Lead Physician Ranking (1) Special Interest Michael Steinberg M.D. 3* Multi-platform / IORT Josh Yamada M.D. 2* IORT-Spine Dattatereyudu Nori M.D. 6** IORT – Abdominal Barnes – Jewish Hospital Robert Myerson M.D. 9* IORT – Rectal Moffitt Cancer Center/USF Charlie Cox M.D. 16** IORT - Breast Academic Sites Treating UCLA Medical Center Memorial Sloan Kettering New York-Presbyterian-Cornell * Indicates ranking US News and World Report top 20 hospitals. ** indicates ranking top cancer hospitals. (1) Rankings per US News and World Report. CONFIDENTIAL -4- MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Install Base There are currently 53 Axxent systems installed in the U.S. (1) WA ME MT ND OR VT NH MN ID NY WI SD MI WY PA IA NE NV OH IL UT CO CA MA RI CT IN WV KS MO NJ MD DE VA KY NC OK AZ NM TN SC AR MS TX AL GA LA FL HI AK Represents site with an Axxent system installed (1) One system has been installed internationally in Seoul, South Korea. CONFIDENTIAL -5- MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Traditional RT Treatment Options & Limitations Xoft’s eBx system addresses many of the shortcomings of traditional RT systems Treatment Option External Beam RT Traditional HDR Brachytherapy Limitation Cost: Typically >£2.5mm + £1.5mm bunker Cost: Typically £0.3mm + £1.5mm bunker + isotope yearly contracts Access: Limited treatment sites Compliance: Typically 6 – 8 weeks of treatment Does not allow for treatment during surgery Costly service support infrastructure Limited recurring revenue Access: Limited treatment sites Radioactive materials handling, storage and shipping Difficult to treat during surgery – must have shielded OR CONFIDENTIAL -6- MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Xoft eBx™ Technology Multi-application platform – Clinical ■ The Axxent eBx eliminates the need for radioactive isotopes ■ Offers physicians a safer and more easily managed radiotherapy platform ■ Delivers radiation directly to the tumor site sparing healthy tissue and organs ■ Offers an easy entry into IORT – Operational ■ No radioisotope, No NRC licensing, No handling, No safety issues; allows the facility to operate in an isotope-free environment outside of the traditional bunker – Financial ■ ~£1.0 million bunker expense eliminated as well as a barrier to offer radiation therapy CONFIDENTIAL -7- MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Electronic Brachytherapy (eBx) A Next Step in the Evolution of Radiation Therapy eBx has the potential to do to isotope therapy what linear accelerators did to cobalt therapies—a generation ago Internal RT Axxent Isotope Needle and Seed Implants Isotope Based HDR Afterloader Orthovoltage X-rays Cesium-137 Cobalt-60 Digital Linear Accelerator External RT Radium Capsules Combines the Benefits of Brachytherapy with Modern Electronic Therapy Technologies CONFIDENTIAL -8- MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Why eBx™? Xoft’s miniaturized eBx technology offers significant advantages over traditional brachytherapy No shielded vault required Platform technology – large existing market opportunity Non-radioisotope source Enables IORT Minimizes dose to healthy tissue Medical staff can remain in the room with the patient, as determined by the facility Radiation Safety Officer Portability increases market opportunity CONFIDENTIAL -9- MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Equivalent Treatment at a Fraction of the Cost Xoft delivers equivalent treatment at 1/6th – 1/10th the cost of alternative systems LINAC System Bunker + HDR Reloader Cost = £3.5mm = £1.8mm = £0.3mm Bunker + Axxent CONFIDENTIAL - 10 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Non-Radioisotope Source Among numerous other advantages, public safety and environmental concerns will also drive eBx adoption – Increasing regulatory control over use of radioactive isotopes in medicine eBx Source – Medical Isotopes under Nuclear Regulatory Commission (NRC) control which is now governed by the Department of Homeland Security – Issuing directives backed by The National Academy of Sciences (NAS) to explore economic and clinically viable alternatives to isotopes which pose potential security threat Traditional Source – Environmental and patient concern over use of isotopes – Nuclear Regulatory Commission (“NRC”) requires physicians to “stand by equipment” during treatment in case of radioactive accident during brachytherapy CONFIDENTIAL - 11 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. eBx Enabling Technology for IORT KOL’s and soon to be released clinical data will accelerate IORT adoption Low energy – High dose non-isotopic disposable source is unique to Xoft and allows for safe placement of source into surgical site without the need of a shielded bunker A single dose of intraoperative radiation may have as much effect on the tumor as 8-10 daily radiation treatments CONFIDENTIAL - 12 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. eBx’s Superior Dose Profile Spares Healthy Tissue Unlike radioactive isotopes, eBx delivers Dose Distribution eBx vs. Mammosite less radiation to surrounding healthy organs and tissue (1) Dose profile significantly reduces treatment course – For example, in breast cancer patients, treatment is typically reduced from 6-7 weeks for external beam to 5 days Decrease normal tissue toxicity eBx vs. HDR for Endometrial Cancer Significant patient comfort and compliance benefits (1) Dickler, et al. "A Dosimetric comparison of MammoSite high dose rate brachytherapy and Xoft Axxent electronic brachytherapy," Brachytherapy (6) 2007, 164-168. "A Dosimetric comparison of Xoft Axxent Electronic Brachytherapy and Ir-192 HDR brachytherapy in the treatment of endometrial cancer," Brachytherapy (7) 2008, 154. CONFIDENTIAL - 13 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. eBx Safer for Medical Personnel and Improving Patient Care The ability to comfort patients during treatment is viewed as a significant quality of care improvement that only eBx offers Low energy source spares medical personnel coincidental exposure to high-energy ionizing radiation – Source non-radioactive when switched “off” Medical staff can remain in the room with the patient, as determined by the facility Radiation Safety Officer CONFIDENTIAL - 14 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Portability Increases Potential Axxent’s portability significantly increases Xoft’s addressable market opportunity Radiation Following BCS vs. Distance from RT Facility (1) 100% Choice of Mastectomy (2) 100% Radiation follow ing BCS % of Patients Opting for Mastectom y 86% 82% 78% 75% 75% 69% 58% 57% 53% 50% 50% 42% 47% 43% 25% 25% 0% 0% < 10 10 – 25 25 – 50 50 – 75 75 – 100 > 100 ≤10 10 to 25 25 to 50 >50 Miles from Radiation Therapy Facility Miles from Radiation Therapy Facility Strong correlation exists between distance to treatment center and percentage of patients receiving radiation therapy (1) Journal of National Cancer Institute, February 2, 2000 New Mexico Statistics following Breast Conserving Surgery. (2) Impact of Patient Distance to Radiation Therapy on Mastectomy Use in Early Stage Breast Cancer Patients, A. Schroen et al., Journal of Clinical Oncology, October 1, 2005 CONFIDENTIAL - 15 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Xoft System Overview Copyright © 2010 Xoft, Inc. The Xoft System Evolution BREAST REST OF BODY CONFIDENTIAL - 17 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Xoft System Overview Axxent Controller FDA Cleared: – 2/29/2008 – General radiation therapy indication Axxent X-ray Source FDA Cleared: – 2/29/2008 – General radiation therapy indication Axxent Balloon Applicator FDA Cleared : – 12/22/2005 (breast) – 7/16/2009 (everywhere) – Intracavitary or intraoperative brachytherapy wherever the physician chooses to deliver radiation treatment CONFIDENTIAL - 18 - Axxent Vaginal Applicator FDA Cleared: – 5/9/2008 – Intracavitary brachytherapy in the vagina and rectum Axxent Surface Applicator FDA Cleared: – 2/11/2009 – Skin brachytherapy, including IORT MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Xoft Controller Controller The Axxent controller: – Controls dose delivery – User friendly interface FDA clearance breast: – December 2005 Cleared for general radiation therapy: – February 2008 User Interface Weight 200lbs CONFIDENTIAL - 19 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Xoft: Miniaturized X-ray Source Overview Xoft’s miniaturized eBx technology Miniaturized X-ray Source High vacuum X-ray tube technology – 40 - 50 kV operating potential – Output: ~1 Gy/min. 1cm into tissue Treatment times are comparable to "Fresh" Ir-192 sources Fully disposable device FDA clearance breast: – December 2005 Cleared for general radiation therapy: – February 2008 CONFIDENTIAL - 20 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Miniature X-ray Source Dose – Energy Characteristics The unique, proprietary non-radioisotope high dose – low energy source Axxent Source and Dose Rate Comparison Dose Rate vs. Energy Profile High dose rate – low energy source Dose Rate Dose deposited locally, but sufficient to Low High Radioactive Seeds Xoft penetrate target tissue Advantages Low Outpatient treatment times same as fresh (7 Ci) Energy Ir192 source Source doesn’t decay over time therefore maintains constant dose profile Minimal stray radiation to normal tissue, organs, High and medical personnel Minimal shielding required – Radioactive Sources or External Beams i.e. no bunker Portable Medical staff can remain in the room with the patient, as determined by the facility Radiation Safety Officer Enables IORT CONFIDENTIAL - 21 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Source Depth-Dose Characteristics (Balloon Applicator) Xoft s miniaturized X-ray source delivers equivalent dose as Ir at the prescription point but lower dose to critical structures Same dose as Iridium-192 at the prescription point Higher dose inside applicator (absorbed by saline) Lower dose far away (less shielding needed) Lower dose to critical structures (heart, lung, contralateral breast) CONFIDENTIAL - 22 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Use Stepping to Reduce Effect of Source Anisotropy Single source position Stepped source •2.5 cm from distal tip (position 22.5) •9 positions, 5 mm spacing, active range 24.5 – 20.5 cm CONFIDENTIAL - 23 - MC107 R9 03/2010 Note reduced anisotropy Copyright © 2010 Xoft, Inc. Xoft Controller Components Source high voltage cable attachment Source connected to source nest Applicator hub attachment CONFIDENTIAL - 24 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Xoft Controller Well Chamber and Electrometer Components Source in well chamber for calibration Well chamber connected internally to electrometer CONFIDENTIAL - 25 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Transportable CONFIDENTIAL - 26 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Axxent: Applicators Balloon Applicator Spine App. Sloan Kettering Skin Applicator HAM App. Beth Israel Endometrial Applicator Sterile Sheath - DaVinci Future development will expand eBx indications CONFIDENTIAL - 27 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Current Indications Treated Copyright © 2010 Xoft, Inc. Breast Cancer Overview Xoft’s portability offers a unique advantage and opportunity to expand the current useage for APBI Incidence: – There were approximately 254,650 cases in 2009 Breast cancer is the most common cancer among women, except for skin cancers; the chance of developing invasive breast cancer at some time in a woman's life is approximately 1 in 8 (12%) Current treatment options included: – External beam RT therapy - a 30 day treatment plan – Mastectomy - a conservative, but disfiguring option – Traditional brachytherapy - which delivers more radiation to heart and lung than eBx Source: American Cancer Society; Cancer Facts and Figures 2008-9, SEER Incidence Data, 1999-2003. National Comprehensive Cancer Network (NCCN). CONFIDENTIAL - 29 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Treating Breast Cancer with eBx eBx’s high-dose, low-energy source delivers less radiation to critical structures such as the heart and lung Patient Driven: – 5 days versus 6 to 7 weeks of therapy – Increased convenience for the frail / elderly patient – Working woman or rural patient – Increased access for patients – Medical personnel can stay in the treatment room as determined by the facility Radiation Safety Officer U.S. breast market: U.S. lumpectomy market: eBx market: 254,650 Cases in 2009 162,575 Eligible patients 70,000 Eligible patients Physician Driven: – Increased utilization of BCT – Decrease normal tissue toxicity – Economics Source: American Cancer Society; Cancer Facts and Figures 2008-9, SEER Incidence Data, 1999-2003. National Comprehensive Cancer Network (NCCN). CONFIDENTIAL - 30 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Endometrial Cancer Market Overview Incidence: – 40,895 endometrial cases in 2009 Endometrial cancer is the fourth most common cancer in women and the most common female reproductive cancer, according to the American Cancer Society (ACS) With eBx the patient receives less dose to rectum and bladder potentially reducing long term effects of radiation Brachytherapy is a preferred treatment for Endometrial Cancer according to the PORTEC study (1) – Patients who received external beam therapy reported significantly higher levels of bowel symptoms and a decrease in social functioning; Brachytherapy should be the preferred treatment Source: American Cancer Society; Cancer Facts and Figures 2008-9, SEER Incidence Data, 1999-2003. National Comprehensive Cancer Network (NCCN). (1) J Clin Oncol 27:3547-3556. © 2009 by American Society of Clinical Oncology. CONFIDENTIAL - 31 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Treating Endometrial Cancer with eBx Axxent has significant competitive advantages due to its more optimal dose targeting that dramatically reduces dose to the bladder and rectum Patient Driven: – Increased access for the patient – Medical personnel can stay in the treatment room as determined by the facility Radiation Safety Officer Physician Driven: – Improved Dosimetry, Axxent source does not show anisotropy like Iridium – Doses outside PTV lower for Axxent HDR Source due to steeper dose falloff; spares healthy tissue of the rectum and bladder Endomentrial market : eBx market: 40,895 Cases in 2009 27,619 Eligible patients – Applicator insertion and treatment setup similar – No isotope handling – Minimal shielding required Source: American Cancer Society; Cancer Facts and Figures 2008-9, SEER Incidence Data, 1999-2003. National Comprehensive Cancer Network (NCCN). CONFIDENTIAL - 32 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Skin Cancer Market Overview Xoft’s customers now say patients request a non surgical approach to treatment. Incidence: – 1 million non-melanoma skin cancer ■ 750,000 basal and 250,000 squamous Radiation therapy cases: – 26,000 Current standard of care: – Surgery, Mohs surgery & traditional RT – Surgery can be disfiguring especially for areas around the face and where there is cartilage Referring Physician: – Dermatologist Source: American Cancer Society; Cancer Facts and Figures 2007-8, SEER Incidence Data, 1999-2003. National Comprehensive Cancer Network (NCCN). CONFIDENTIAL - 33 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Treating Skin Cancer with eBx Xoft's unique dosimetric capabilities provided significant competitive advantages in treating skin cancer Patient Driven – More convenient dose schedule compared to external beam – An option for those who can not undergo surgery – Medical personnel can stay in the treatment room as determined by the facility Radiation Safety Officer Basal and Squamous Cell ►1 million cases (1) Cancer Patients Physician Driven – Xoft Electronic Brachytherapy using surface applicator offers comparable technique to Ir-192 HDR brachytherapy with several advantages Basal and Squamous Cell Cancer Patients Receiving ► 26,000 cases per year (2) Radiation Therapy ■ Isotope free ■ Dosimetric advantages compared to electron beam ■ Superior dosimetry that allows for reduced margin (1) American Cancer Society; Cancer Facts and Figures 2007-8. (2) SEER Incidence Data, 1999-2003 National Comprehensive Cancer Network (NCCN). CONFIDENTIAL - 34 - Image courtesy of James S. Welsh MS, MD, FACRO MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Case Study - Ajay Bhatnagar MD, MBA Axxent enables significant improvement in cosmesis 74 yr old gentleman with 2.5 cm squamous cell carcinoma lesion Self referral with chief complaint: “Tired of being cut by my dermatologist” Xoft Electronic Brachytherapy treatment course: – Received 40.0 Gy in 8 Fractions using 35 mm surface applicator, prescribed to 0.5 cm depth – Delivered twice weekly Pre-treatment Post-treatment* Squamous cell carcinoma lesion Images courtesy of Ajay Bhatnagar,MD * 30 days post treatment CONFIDENTIAL - 35 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Ajay Bhatnagar, M.D. Cancer Treatment Services Arizona “The Axxent eBx System allows surface brachytherapy in a minimally shielded environment without the use of radioactive isotopes or a megavoltage linear accelerator. Access as well as the radiation process is simplified.” “Patients are quite excited about this new technology for several reasons, including the reduced shielding compared to external radiation therapy. They also prefer this treatment over surgery for their skin cancer. They often tell me that they wish they had this treatment rather than surgery for their previous skin cancers and will not do surgery again for any future skin cancers.” "Given the small penumbra of the Axxent eBx System, smaller field sizes can be used than with electron beam therapy, therefore providing a better cosmetic outcome. eBx can effectively treat amorphous areas such as the nose, which can be difficult to treat given the dosimetric properties of electron beam therapy. The lightweight contact applicator is easy to use, especially to treat surface lesions on the nose. In addition, treatment set-up and planning is much simpler compared to electron beam therapy." Dr. Bhatnagar - Radiation Oncologist CONFIDENTIAL - 36 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. IORT - A New Frontier in Radiation Therapy Delivering RT and lumpectomy (with reconstruction) all in a 1 day therapy regimen September 3rd, 2008 AM 7:45---Patient enters hospital 8:45--- Patient set up in OR 9:00---Sentinal node biopsy removed and sent to pathology 9:20---Lumpectomy performed 9:50---Balloon placed and radiation commences 10:15 Radiation complete and oncoplastic work commences 10:45 Surgery completed 11:45 Patients leaves hospital Therapy complete---only follow up monitoring September 7th—Cancer Free Patient at wedding CONFIDENTIAL - 37 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Patient Discharged The patient was in at 7:45 AM and out at 11:45 AM CONFIDENTIAL - 38 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. IORT – When Combined with IMRT is Gaining Support Delivers targeted dose at time of surgery 1 procedure as opposed to a series of treatments The dosimetric advantage provided by IORT to surgically available tumor beds will allow additional dose to secondary sites that would otherwise exceed typical tolerance limits The biologic effectiveness of a single large radiation dose is higher than for the same dose given in a fractionated regimen The dose of radiation is precisely delivered to the area at greatest risk of tumor recurrence (or persistence) Customized internal shielding allows the physician to protect dose-limiting normal tissues Potential Areas for Research Include Lung Neck Brain Colon Spine Liver Head Can be used as a monotherapy or boost CONFIDENTIAL - 39 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. IORT – Physician and Patient Perspectives “I believe that giving a single fraction of radiation at the time of surgery will be advantageous because it will allow all the radiation to be delivered before any remaining tumor cells have a chance to grow. In addition, due to the dose distribution of the electronic brachytherapy source, it will intensify the dose to the part of the breast at highest risk for recurrence... The mobile nature of the Xoft Axxent controller, the low energy/shielding requirements associated with the Xoft source, and the rapid fall of kV radiation all make it ideal for IORT.” Adam Dickler, M.D. - Radiation Oncologist “A number of potential problems associated with the delivery of postoperative APBI can be negated with IORT, and specific surgical techniques can be employed at the operating table. I think this is very advantageous for IORT and because of this I think IORT could increase the number of APBI cases.” Olga Ivanov, M.D. - Surgeon “The fact that my treatment was done before I even woke up is beyond words...I came in with cancer, went to sleep, and when I woke up, I was completely done with my breast cancer.” Marianne H. - Patient CONFIDENTIAL - 40 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. IORT – Growing Clinical and KOL Support IORT will become a significant growth driver and an important focus of sales and marketing efforts Continue to focus on new markets with academia – Veronesi’s European data to be published in the U.S. ■ 1,246 patients with 7-year correlation to 1,213 patients treated with electrons – Zeiss TARGIT Trial data to be completed and published in Q1 (2,200 cases) ■ This will give us more data on IORT than we have for APBI – Dickler multi-center protocol: 15 cases ■ USF – Dr. Charles Cox ■ Dallas Methodist – Dr. Arve Gillette ■ Univ. of Mississippi – Dr. Michael Baird ■ Reed City – Hoag’s: Mel Silverstein protocol ■ Dr. West @ RadNet ■ Dr. Giuliani @ St. John’s CONFIDENTIAL - 41 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Xoft eBx Competitive Matrix Xoft enjoys numerous advantages over competitive Brachytherapy systems Xoft Axxent eBx Nucletron HDR Afterloader Varian HDR Afterloader APBI Endometrial Skin/Surface No Cost to Build Shielded Room Physician or therapist in room with patient IntraOp Mobetron Zeiss IntraBeam (determined by RSO) Lower dose to normal tissue beyond target IORT for Breast IORT for wide range of indications Mobile (Tx Room to Tx Room or OR to OR) Portable (Between sites) Future intensity modulation capability Feature CONFIDENTIAL - 42 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Customer Service & Support Copyright © 2010 Xoft, Inc. Service Support and Customer Service What Service Support Provides Instrument installations Customer training / orientation Instrument telephone support assistance 24/7 48 hr On-site response Scheduled maintenance Instrument updates / upgrades Service support programs and pricing Factory / depot instrument & parts repair Service support metrics CONFIDENTIAL - 44 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Customer Survey Results - "Would You Recommend Xoft?" 100% of 2009 survey respondents will recommend Xoft to their colleagues “Most importantly, the approach taken with the treatment planning system by having a trained individual to help with the first few plans is critical.” “Quite impressed by the sales and training group. Always available to help with the smallest issues.” “Excellent product with very good sales and training support” “I believe in the technology. Your company is presenting this technology in the right direction.” “Easy to use, no shielding required (unlike HDR unit), physicist does not have to be present at time of tx, not a radioactive source (more strict guidelines w/ HDR)” Note: Statements are actual responses from Xoft customers. CONFIDENTIAL - 45 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Clinical Publications Copyright © 2010 Xoft, Inc. Current Publications Over 75 abstracts on Xoft technology accepted for publication or poster and/or oral presentations at national and international meetings since May 2004 Publication Summary Dosimetric Comparison Xoft versus Ir-192 ASCO Breast Cancer SymposiumPreliminary Report of 44 Patient Study Results, 2008 Dose Volume Characterisitcs of the 50 kV Source Breast Cancer RSNA Preliminary Report of 44 Patient Study Results Detailed description of how to treat patients using the Xoft system intraoperatively at time of lumpectotmy for the treatment of early stage breast cancer. APBI Initial Experience with Xoft for the Treatment Breast Cancer & 1 Year follow-up 50 kV electronic brachytherapy source can provide equivalent target Endometrial volume coverage to Ir-192 when Cancer using a vaginal cylinder, however eBx allows increased sparing of the bladder and rectum. Reference Dickler A, Kirk MC, Seif M et al. A Dosimetric Comparison of Xoft Electronic Brachytherapy and Iridium-192 High Dose Rate Brachytherapy, Brachytherapy 2007;6;164-168. Mehta V, Dooley W, Greim K et al. Early Experience With An Electronic Brachytherapy Technique For Intracavitary Partial Breast Irradiation. ASCO Breast Cancer Symposium 2008; poster presentation Dec 2008. Smitt MC, Kirby R. Dose Volume Characteristics of a 50kV Electronic Brachytherapy Source For Intra-Cavitary Accelerated Partial Breast Irradiation; Brachytherapy 2007, 6, 207-211. Mehta, VK. Early Experience with An Electronic Brachytherapy Technique For Intracavitary Partial Breast Irradiation. RSNA 2009; Abstract. Dickler A, Ivanov O, Francescatti D, Intra-operative Radiation Therapy In the Treatment of Early Stage Breast Cancer Utilizing Xoft Axxent Electronic Brachytherapy; World Journal of Surgical Oncology 2009; 7:24. Mehta VK, Algan O, Greim K et al. Early Experience With An Electronic Brachytherapy Technique For Intracavitary Partial Breast Irradiation. Provisionally accepted, In Press American Journal of Clinical Oncology 2010. Dickler A, Kirk MC, Coon A et al. Dosimetric Comparison of Xoft Electronic Brachytherapy and Ir-192 HDR Brachytherapy In the Treatment of Endometrial Cancer. Brachytherapy 2008; 7;351-354. CONFIDENTIAL - 47 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Current Publications (Cont’d) Publication Summary Electronic Source Will Ultimately Replace Ir-192 as the source for HDR Brachytherapy Measurements of x-ray spectra and half value layers for the Axxent source operating at 40 and 50 kV are compared with Monte Carlo calculations using Geant4. Calculations and measurements of TG-43 Source parameters Physics & Dosimetry Procedures used at Rhode Island Hospital to commission the Xoft system. The Xoft system is described along with calculations and measurements of TG-43 Source parameters. Dosimetric Comparison of eBx versus Ir-192 in APBI Application Measurements of x-ray spectra and half value layers for the Axxent source operating at 40 and 50 kV are compared with Monte Carlo calculations using Geant4. Point-counterpoint discussion Reference Holt RW, Thomadsen BR, Orton CG. Mini-X-ray Tubes Will Ultimately Displace Ir192 As The radiation Source for High Dose Rate Brachytherapy. Medical Physics 2008. 35: 815-817. Reniers B, Liu B, Rusch T, et al. Calculation of RBE of a low-energy electronic brachytherapy source; Physics in Medicine and Biology 2008. 53: 7125-7135. Mahesh M, Detorie N, Holt R, et al. Electronic Brachytherapy: Comparisons With External Beam and High Dose Rate 192Ir Brachytherapy. Journal American College Radiology 2008; 5: 221-223. Hiatt JR, Cardarelli GA, Hepel J, et al. A Commissioning Procedure for Breast Intracavitary Electronic Brachytherapy Systems. Journal of Applied Clinical Medical Physics 2008; 9: 58-68. Rivard M, Davis S, DeWerd L, et al. Calculated and Measured Brachytherapy Dosimetry Parameters for the Xoft AXXENT X-ray Source: An Electronic Brachytherapy Source; Med Phys 2006; 33:4020-32. Mille MM & Xu XG. Comparison of organ doses for patients undergoing balloon brachytherapy of the breast with HDR 192Ir or electronic sources using Monte Carlo simulations in a heterogeneous human phantom. Med Phys 2010; 37; 662-671 Liu D, Poon E, Bazalova M et al. Spectroscopic characterization of a novel electronic brachytherapy system. Physics in Medicine and Biology 2008; 53: 61-78. Sternick E, Todor D, Orton C. Intensity modulated electronic brachytherapy will soon become the brachytherapy treatment of choice for irregularly shaped tumor cavities or those closely bounded by critical structures. Medical Physics 2009. 36:681-683. CONFIDENTIAL - 48 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Clinical Publication Strategy Xoft currently executing 10 studies which will yield 17 papers to be published over the next two years Study Design Study Overview Publication Status and Timelines Post Market APBI 1st experience with Xoft system, 6 month, 1, 2, 3, 4, 5 year follow-up. 1 year follow-up complete; 2 yr follow up in progress. N=44 EXIBT Registry APBI registry, 6 month and 1, 2, 3, 4, 5 year follow-up. N=67 Chart Review Chart Review Breast IORT Multi-center retrospective study of APBI patients. N=60 Sep 2010: Publication target date 1 Single-center APBI, N=35 Aug 2010: Target date to publish single-center APBI experience 1 Physician sponsored multi-center study. N=50 Apr 2010: Present abstract at ASBrS Apr 2010 on first 10 patients 1 Post Market Chart Review Treatment feasibility and acute safety through 3-month follow up. N=15 Retrospective data collection study. N=40 Post Market Breast Cancer Jan 2010: Peer reviewed publication accepted in major journal May 2010: Target date to publish 44 patient study May 2010: Target date to publish dosimetry focused paper Sep 2010: Target date to publish surgical focused paper Oct 2010: 2011, 2012, 2013: Target date to publish 2,3,4,5 year data Oct 2010: Target date publish through 1-year follow-up (25/ 69) Feb 2011: Publication target date to publish 1 year follow-up on all Feb 2012: Publication target date to publish 2 year follow-up on all Feb 2013, 2014, 2015:Publication target dates for 3,4,5 year follow-up # Papers 7 6 1 1 Endometrial Cancer Skin Cancer Multiindication IORT Oct 2010: Publication target date 1 Oct 2010: Publication target date 1 Report safety and efficacy through 5year follow up. N=50 Dec 2011: Publish all patients after 3 month follow-up Apr 2012: Publish all patients after 1 year follow-up May 2012, 2013, 2014, 2015: Target dates to publish annual follow-up 6 Chart Review Retrospective data collection study report safety, cosmesis. N=25 Oct 2010: Publication target date 1 Post Market Xoft following surgical resection of pancreatic, stomach, head neck cancer, retroperitoneal sarcomas; follow-up through 3 years. N=15 Oct 2010: Publication target date of feasibility intra-op (5 of 15) Jul 2011: Publication target date of feasibility acute results, N=15 Dec 2012: Publication target date for 1 year follow-up, N=15 3 CONFIDENTIAL - 49 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc. Recent Publication in Medical Physics Xoft gives dramatically less dose to healthy tissue, particularly heart and lung, when compared to HDR Ir 192 during 5 day breast treatment Comparison of organ doses for patients undergoing balloon brachytherapy of the breast with HDR Ir192 or electronic sources using Monte Carlo simulations in a heterogeneous human phantom Matthew M. Mille and X. George Xub Nuclear Engineering and Engineering Physics Program, Rensselaer Polytechnic Institute, Troy, New York 12180 Mark J. Rivard Department of Radiation Oncology, Tufts University School of Medicine, Boston, Massachusetts 02111 "As some studies have suggested, there may be a link between low doses to the heart and lungs during radiotherapy to heart disease and lung cancer, dose-reductions to these organs afforded by eBx could prove clinically relevant. Regardless, the ALARA or “as low as reasonably achievable” precautionary principle of radiation protection suggests that eBx optimizes dose to nearby healthy soft tissue, even though this principle does not technically apply to patients whose irradiation is medically justified. Issues associated with irradiation of healthy organs by scattered radiation outside the treatment volume for external beam and image-guided procedures (e.g., cone-beam CT) have become a topic of discussion." "The significantly lower doses to many nearby healthy organs delivered by eBx, as reported here, suggest that eBx may be superior in terms of normal tissue sparing for some patients." CONFIDENTIAL - 50 - MC107 R9 03/2010 Copyright © 2010 Xoft, Inc.