2014 FPWR Research Conference Keith Gottesdiener, MD CEO, Rhythm Pharmaceuticals November 2014 Rhythm Highlights Peptide-based therapies for metabolic disorders Two Peptides in Phase 2 Development Relamorelin (Ghrelin) • • • • Pan-GI prokinetic 1st indication Diabetic Gastroparesis Positive Ph2 data Expect NDA filing by 2018 Large Unmet Needs RM-493 (MC4) • MC4 is key pathway controlling appetite and weight regulation • For treatment of obesity caused by genetic defects in MC4 pathway • Positive Phase 1b Proof of concept • PWS a key target population Near-Term Milestones Study Results: Diabetic Gastroparesis 2.3M US pts 2 April 8, 2015 Obesity caused by MC4 genetic deficiency Prader Willi syndrome 1M US pts 1:25k US pop CONFIDENTIAL Diabetic Gastroparesis Ph2b 4Q15-1Q16 MC4 genetic deficiency Ph2a 4Q15-1Q16 Prader Willi Syndrome Ph2a 3Q-4Q15 RM-493 First-in-class MC4 agonist Genetic Causes of Obesity 3 April 8, 2015 CONFIDENTIAL 3 MC4 Agonist RM-493 A compelling target for weight loss MC4 is key pathway that regulates energy homeostasis, food intake 4 April 8, 2015 • First-generation MC4 agonists = predominantly small molecules with safety issues (blood pressure) and limited efficacy • RM-493 peptide retains specificity, functionality of naturally occurring hormone • Initial Phase 1 and Phase 2 clinical trials: promising weight loss without adversely increasing blood pressure CONFIDENTIAL MC4 Agonist RM-493 Obesity due to Genetic Deficiencies in MC4 Pathway Prader Willi Syndrome: Rationale PWS: Loss of function on part of Chr 15 (including MAGEL2 gene) Patients null for MAGEL2 alone: PWS-like syndrome with obesity MAGEL2 KO mice (a model of PWS): Defective POMC neurons upstream of MC4R; hyper-responsive to MC4R agonists MC4 Pathway Appetite Weight 5 April 8, 2015 CONFIDENTIAL Phase 1B proof-of-concept trial in another MC4 Genetic Deficiency Positive results in MC4 heterozygous patients Placebo Subtracted Differences Weight = -2.62 kg P=0.088 Waist Circum = -5.1 cm Daily Intake = -291 kcal P=0.188 4 weeks Dose ~0.01 mpk/day x 28 days Preliminary data; N=8 (6 active/2 pbo); Circum=circumference; Daily Intake=average difference in caloric intake in over 28d 6 April 8, 2015 CONFIDENTIAL RM-493: Efficacy Confirmed in 5 Phase 1b cohorts Positive proof-of-concept results Placebo-Subtracted Difference in Weight MC4 Heterozygous WEIGHT LOSS = 2.62 kg Wild-Type Obese = 3.97 kg = 2.37 kg = 1.58kg = 2.82 kg 0.00 -0.50 -1.00 -1.50 p=0.14 -2.00 -2.50 p = 0.08 p=0.02 -3.00 p<0.001 -3.50 -4.00 p<0.001 0.01 mg/ kg 0.01 mg/kg 4-week N=9 per group (6 active, 3 placebo) except Cohort 6; BID=twice daily 7 April 8, 2015 CONFIDENTIAL 0.015 mg/kg 0.01 mg/kg 0.0075 mg/kg BID SC injection 2-week RM-493 Ph2a General Obesity: Weight Loss (Initial Cohorts) Weight Loss with SC Formulation Percent Weight Loss: Change (LS Mean +/- SE) from Baseline Three cohorts completed with interim data: 0 Rhythm remains blinded for most data except weight Change from Baseline (Mean +/-SE) -0.5 -1 At 3 months pbo-subtracted weight loss up to -4.67% (p<0.001) -1.5 -2 * -2.5 Some challenges in PK delivery (compliance and consistency) -3 *** -3.5 *** -4 -4.5 -5 1 8 Placebo *p<0.05; ***p<0.001 vs Pbo Pbo= placebo; QD = once daily 8 April 8, 2015 CONFIDENTIAL 15 22 26 RM-493 1.5 mg Once Daily RM-493: Rhythm/NIDDK Energy Expenditure Study First clinical proof: MC4 agonism increases energy expenditure Primary and Key Secondary Endpoints Endpoint RM‐493 Placebo % change p‐value Resting Energy ExpenditureChamber (kcal/24hrs) 1856±369 1745±359 6.85% 0.028 Resting Energy ExpenditureHood (kcal/24hrs) 1849±388 1770±379 4.7% 0.059 MC4 agonism works thru both appetite and ↑energy expenditure This increase in EE would itself result in ~7 kg weight loss over 1 year But critical impact may be to blunt metabolic response to weight loss Preliminary Data 9 April 8, 2015 CONFIDENTIAL RM-493 Was Generally Well-Tolerated Approximately 190 subjects and patients exposed to drug Single doses up to 10 mg Three months up to 2 mg/day Discontinuations due to Adverse Events (AEs) were uncommon Most AEs were due to mechanism-based effects Little, if any change in heart rate or blood pressure Small increase in male erections/female arousal Some nausea and/or vomiting, mild and short-lived Skin tanning (see next slide) Other, non-mechanism based AEs: evenly distributed among active and placebo treatment groups Some injection site reactions seen in both groups One drug-related Serious Adverse Event (SAE) Unusual chest pain w/o cardiac or respiratory cause No concerns for labs, ECGs, physical exam 10 April 8, 2015 CONFIDENTIAL RM-493 First-in-class MC4 agonist Study in Prader Willi Syndrome Patients 11 April 8, 2015 CONFIDENTIAL 11 RM-493 Phase 2 Prader Willi Syndrome Study Study Diagram 10-week double blind, pbo controlled parallel group study with a randomized pbo-controlled withdrawal phase and open label active treatment extension Randomization Primary Efficacy Timepoint 4-Week Double Blind Randomized Treatment Period Secondary Efficacy Timepoint 2-Week Randomized Withdrawal Period RM-493 QD (N=6) RM-493 0.5mg once daily (N=12) Screening Day -43 to -15 Pbo QD (N=6) Single-blind Run-in Day -14 to -1 RM-493 QD (N=6) Pbo once daily (N=12) Pbo QD (N=6) RM-493 QD (N=6) RM-493 1.5mg once daily (N=12) Pbo QD (N=6) • Pbo-controlled • Baseline for post-Rx analyses • Weight endpoint • Hunger/Satiety endpoints • 50% of active pts in double-blind withdrawal • Control for effects on hunger/appetite Pbo=placebo; Sx=symptom; Rx=treatment; QD=once daily; 12 April 8, 2015 CONFIDENTIAL 2 Week Openlabel RM-493 Active Dose Extension 1 Week Follow-up Period Inclusion/Exclusion Criteria: Key Inclusion Criteria Age 16+ years BMI>30 kg/m2 (under discussion) If present, well-controlled diabetes, hypertension Stable body weight at home ~2 months (i.e., self/guardian reported loss/gain ±5%) Key Exclusion Criteria Recent use of weight loss drugs; investigational agents Significant suicidal indications Significant concomitant illnesses (e.g., severe cardiac, liver, renal disease) Significant abnormalities in laboratories and/or ECGs History or close family history of melanoma 13 April 8, 2015 CONFIDENTIAL Study Objectives and Logistics Primary, to assess: Safety and Tolerability in PWS patients The effect of RM-493 on weight loss The effect of RM-493 on hyperphagia Secondary, to assess: The effect of RM-493 on body composition (DEXA) Changes in quality of life and other food-related behaviors The pharmacokinetics of RM-493 in PWS patients The effects of RM-493 during a double-blind, randomized withdrawal period Logistics: Patients in a “home setting” Two sites: U of Florida (J. Miller) and Vanderbilt (E. Roof) Approximately 5 clinic visits RM-493 administered once daily by subcutaneous injection Everyone will receive placebo and RM-493 at some point in the study 14 April 8, 2015 CONFIDENTIAL