Introduction Soft Tissue Sarcoma (STS) are a group of highly chemotherapy resistant tumors Doxorubicin is the only APPROVED 1st line chemotherapy for advanced STS Aldoxorubicin can be safely administered to cancer patients at 3 ½ to 4-fold higher doses than doxorubicin. – Aldoxorubicin cumulative doses can reach 10-fold higher than doxorubicin cumulative doses without evident cardiotoxicity. We designed a trial to demonstrate whether up to 6 doses of aldoxorubicin was more effective than up to 6 doses of doxorubicin as 1st line chemotherapy for advanced STS. CytRx Confidential. Do not copy or distribute. 0 Trial Design Phase 1b Phase 1b/2 Expansion 1. Evaluate safety & MTD in late stage cancer patients that failed prior chemotherapy 1. Selected dose is 3.5x the standard dose of doxorubicin 2. Trial expanded to evaluate preliminary efficacy 2. Determine dose for future clinical trials Dose aldoxorubicin Dose (doxorubicin equivalents) # of Patients 2 2.2x 5 2 3.5x 18 2 4.3x 2 165mg/m 2 260mg/m 2 325mg/m 230mg/m Cohort 2* 350mg/m Cohort 3 450mg/m Doxorubicin Tumor Response - Measured by CT/ MRI scans every other month - RECIST 1.1 Fold Increase over doxorubicin 2 Cohort 1 Efficacy Endpoint (Enrollment completed) 2 60-75mg/m *12 additional patients added. CytRx Confidential. Do not copy or distribute. 1 Efficacy Results Best Response No. of 13 Evaluable* (%) Complete Response 0 (0) Partial Response 5 (38) Stable Disease 6 (46) Progressive Disease 2 (15) PFS (median; range) 11 months [4.8-21.7] OS (median, range) 17 months (4-35+) *13 patients treated at 350 mg/m2 aldoxorubicin with Soft Tissue Sarcomas CytRx Confidential. Do not copy or distribute. 2 Prolonged Lack of Progression Without Further Treatment Two patients had 8 cycles of aldoxorubicin followed by no progression of disease for 23 and 15 months despite no further treatment for their STS. Patients had received prior treatment regimens, including doxorubicin, ifosfamide, gemcitabine and docetaxel. Tumor Types: liposarcoma; leiomyosarcoma 3 Waterfall Plot – Best Response of the 13 Evaluable STS Patients Treated at 350 mg/m2 40 Change From Baseline in Sum of Diameter Tumor Measurement (%) 30 20 * 10 * 0 -10 -20 * * -30 -40 * * * -50 -60 CytRx Confidential. Do not copy or distribute. * Indicates prior therapy with doxorubicin, epirubicin or Doxil® 4 Aldoxorubicin Pharmacokinetics Elimination half-life: Long, ~20 hours Clearance from bloodstream: Slow Volume of Distribution: Low, primarily in blood Free doxorubicin: less than 2% of total doxorubicin Free doxorubicinol (major metabolite): less than 0.1% of total doxorubicin Doxorubicin in urine: less than 2% of total doxorubicin Doxorubicinol in urine: not found CytRx Confidential. Do not copy or distribute. 5 Phase 2b 1st-line STS Study A Multicenter, Randomized, Open-Label Phase 2b Study to Investigate the Preliminary Efficacy and Safety of INNO-206 (Doxorubicin-EMCH) Compared to Doxorubicin in Subjects with Metastatic, Locally Advanced, or Unresectable Soft Tissue Sarcoma INNO-206-P2-STS-01 CytRx Confidential. Do not copy or distribute. 6 Study Objectives Primary Objective – To determine the preliminary efficacy of administration of aldoxorubicin compared to doxorubicin in subjects with metastatic, locally advanced, or unresectable soft tissue sarcoma as measured by progression-free survival, progression-free survival at 4 and 6 months, tumor response, and overall survival. Secondary Objective – To evaluate the safety of aldoxorubicin compared to doxorubicin in this population as assessed by the frequency and severity of AEs, abnormal findings on physical examination, laboratory tests, vital signs, MUGA/cardiac ultrasound evaluations, ECG results, and weight. CytRx Confidential. Do not copy or distribute. 7 Study Design Phase 2b Principal Investigator is Dr. Sant Chawla Randomized Trial Design Arm 1 Patient Population 105 patients with advanced soft tissue sarcomas that are ineligible for surgery. 31 clinical sites will be in the US, Hungary, Romania, Russia, Ukraine, India and Australia Treatment: aldoxorubicin Dose: 350 mg/m2* Cycle: once every 3 weeks, up to 6 cycles Number of patients: 70 Arm 2 Primary Endpoint 1. Progression-free survival Secondary Endpoints 1. Tumor response 2. Overall survival 3. Safety Treatment: doxorubicin Dose: 75 mg/m2 Cycle: once every 3 weeks, up to 6 cycles Number of patients: 35 *350 mg/m2 of aldoxorubicin contains 260mg/m2 of doxorubicin equivalents. This is 3.5x the standard dose of doxorubicin. CytRx Confidential. Do not copy or distribute. 8 Key Eligibility Criteria Histologically or cytologically confirmed, locally advanced, unresectable, and/or metastatic soft tissue sarcoma of intermediate or high grade Age between 15-80 years (US only), and 18-80 (ROW), male or female Adjuvant or neoadjuvant chemotherapy (including doxorubicin) allowed if no tumor recurrence for at least 12 months since the last measurement, beginning or end of last chemotherapy Prior exposure to <3 cycles or <225 mg/m2 of either doxorubicin HCl or Doxil® cumulative dose ECOG performance status 0-2 Life expectancy >12 weeks CytRx Confidential. Do not copy or distribute. 9 Subject Disposition Screened N=140 14 screen failures 2:1 Randomization N=123 Aldoxorubicin 350mg/m2 Every 3wk up to 6 cycles N=83 3 subjects randomized but not dosed Doxorubicin 75mg/m2 Every 3wk up to 6 cycles N=40 CT Scans every 6 weeks CytRx Confidential. Do not copy or distribute. 10 Patient Characteristics Characteristics Aldoxorubicin Doxorubicin 83 40 Age, median (range) 52.5 (22-76) 56.1 (26-78) Male / Female, n (%) 38 (46) / 45 (54) 18 (45) / 22 (55) 61 (74) 32 (80) 1 (1) 1 (2.5) Asian 16 (19) 6 (15) Other 5 (6) 1 (2.5) 80 (96.4) 37 (92.5) 3 (3.6) 3 (7.5) 6 (1-6) 4 (1-6) N Race, n (%) Caucasian Black or African American ECOG, n (%) 0-1 2 Completed Cycles, median (range) CytRx Confidential. Do not copy or distribute. 11 Disease Characteristics Histopathology Aldoxorubicin N = 81 Doxorubicin N = 38 Leiomyosarcoma, n (%) 24 (30) 11 (29) Liposarcoma, n (%) 14 (17) 5 (13) Fibrosarcoma, n (%) 11 (14) 4 (11) 6 (7) 4 (11) 26 (32) 14 (36) (as determined by investigator) Synovial sarcoma, n (%) Others, n (%) CytRx Confidential. Do not copy or distribute. 12 Geographic Distribution 31 sites in 7 countries Country % of Total Enrolled USA 30 Hungary 20 Australia 12 Russia 12 India 11 Ukraine 8 Romania 7 CytRx Confidential. Do not copy or distribute. 13 Efficacy Endpoints Primary Endpoint: Progression-Free Survival Secondary Endpoints − Progression-free survival at 6 months − Overall Response Rate (Complete and Partial) − Overall Survival – still on-going; expect 2H14 CT Scans every six weeks Endpoints assessed using RECIST 1.1 criteria − Locally by investigator − Independent radiography review at central lab blinded to subjects’ treatments CytRx Confidential. Do not copy or distribute. 14 PFS Results (top line) All Subjects Intent-to-treat P Value Scans Read by Investigator Aldoxorubicin 8.4 months Doxorubicin 4.7 months Improvement over dox Hazard ratio P=0.0002 3.7 mos. (77%) 0.370 (0.212-0.643) P=0.0004 Scans Read by Central Lab Aldoxorubicin 5.7 months Doxorubicin 2.8 months Improvement over dox Hazard ratio CytRx Confidential. Do not copy or distribute. P=0.018 2.9 mos. (104%) 0.586 (0.358-0.960) P=0.034 15 K-M Curve – Investigator Assessment CytRx Confidential. Do not copy or distribute. 16 K-M Curve – Central Lab Assessment CytRx Confidential. Do not copy or distribute. 17 PFS at 6 Months Results (top line) All Subjects Intent-to-Treat P Value Scans Read by Investigator Aldoxorubicin 67.1% Doxorubicin 36.1% Improvement over dox P=0.008 85.9% Scans Read by Central Lab Aldoxorubicin 46.8% Doxorubicin 23.7% Improvement over dox CytRx Confidential. Do not copy or distribute. P=0.038 97.5% 18 Overall Response Rate (top line) Aldoxorubicin Doxorubicin 2.7% 0% Partial Response 21.3% 5.3% Overall Response Rate 24.0% 5.3% 0% 0% Partial Response 23.0% 0% Overall Response Rate 23.0% 0% Scans Read by Investigator Complete Response Scans Read by Central Lab Complete Response CytRx Confidential. Do not copy or distribute. 19 Comparison to Current STS Treatments CytRx Phase 2b Investigator assessed CytRx Phase 2b Central Lab Aldox Dox Aldox Dox Dox+ ifos Dox Doxil Dox N 83 40 83 40 215 217 50 44 PFS 8.4 4.7 5.7 2.8 7.4 4.6 2.8 2.8 P value ORR 0.0002 24.0% 5.3% CytRx Confidential. Do not copy or distribute. 0.018 23.0% EORTC Phase 3 Dox vs. dox+ ifosfamide EORTC Dox vs. liposomal dox 0.003 0% 26.5% 13.6% NS 10% 9% 20 Grade 3/4 TEAEs (2013 CTOS) CytRx Confidential. Do not copy or distribute. 21 Treatment Related SAEs (2013 CTOS) CytRx Confidential. Do not copy or distribute. 22 Cardiac Evaluation (2013 CTOS) CytRx Confidential. Do not copy or distribute. 23 Conclusions Aldoxorubicin demonstrates significantly greater efficacy than doxorubicin as 1st line chemotherapy for advanced STS. Aldoxorubicin also induces prolonged tumor shrinkage in STS patients who have received prior doxorubicin chemotherpy. Major side effect, neutropenia, is treatable with G-CSF. No clinically significant cardiotoxicity has been observed in over 140 patients at up to 10x the cumulative dose of standard doxorubicin Many adult and pediatric cancers could be amenable to aldoxorubicin chemotherapy – Long-term therapy is possible. Aldoxorubicin represents the FIRST EXAMPLE of a pipeline of albumin-binding chemotherapies. CytRx Confidential. Do not copy or distribute. 24