Anti microbial peptides for the fight against multi drug resistant bacteria Corporate presentation, February 2013 Confidential Summary – Adenium Biotech • New biotech company - Spin out of Novozymes AMP program - Strong scientific advisory board and VC syndicate • Target XDR Gram negative bacteria - Gram-negative platform with novel mode of action - No novel bactericidal Gram-neg antibiotics in clinical development • Adenium Biotech pre-clinical studies - In vivo efficacy against XDR Klebsiella, Pseudomonas, Acinetobacter and E. coli in several animal models - Wide therapeutic window in mice and pigs - Lead optimization for selection of lead product candidate in 2013 • Strong intellectual property position Confidential 2 Adenium Biotech ApS • Management: - Peter Nordkild, MD, CEO, ex Novo Nordisk, Ferring, Egalet, ARTS Biologics - Søren Neve, PhD, project dir, ex Lundbeck, Novozymes • Investors: - Novo Seeds - Sunstone Capital • • Board of Directors: - Khalid Islam, PhD, ex Arpida, chairman - Anker Lundmose, MD, ex Novo Nordisk, OSI Pharmaceuticals - Andreas Segerros, MSc, MBA, Sunstone Capital - Stephan Christgau, PhD, Novo Seeds - Casper Tind Hansen, MSc, Novo Ventures - Ejner Bech Jensen, MSc, VP R&D Novozymes A/S Scientific advisory board: - Prof Brad Spellberg, US - Prof avid Livermore, UK - Dr Bruce Montgomery, US - Dr Frank Fildes, UK - Prof Niels Høiby, Denmark Confidential 3 Arenicin selection process > 500 organisms screened for antimicrobial activity Several G+ but only one Gidentified ! ~40 AMP’s identified Confidential 4 Unique MoA and broad spectrum Gram-negative activity • Arenicin has dual mode of action and is bactericidal – Bacterial membrane penetration – Protein synthesis inhibition – No haemolytic or cytotoxic activity in mammalian cells • Broad spectrum activities against a wide range of XDR Gram negative pathogens • Wide therapeutic window. 50 – 200 fold difference between effective dose and MTD in vivo • Very low spontaneous mutational frequency and resistance • 21 AA peptide synthesized by standard solid phase synthesis Confidential 5 Arenicin-3 and the cell membrane -MoA A. E. coli exposed for 30 min to wt and stained with TRITC. Treatment with wt results in influx of TRITC into the E. coli B. E. coli exposed for 30 min with TRITC labelled wt. Clusters of wt were localized in the bacterial membrane Extracellular ATP after 10 min Fold change 25 20 Ar 15 col 10 pip 5 0 0 At OD600 =0.4 E.coli cells were exposed to 32ug/ml Arenicin, 64ug/ml Fosfomycin and 16ug/ml Polymycin B. Even at very high concentration of Arenicin-3, no dramatic morphological changes of the cells were observed. 16 64 256 x MIC 1024 4096 Arenicin-3 (Ar), colistin (col), and piperacillin (pip) induced release of ATP from E. coli. Exponential cells were incubated with drug for 10 minutes and ATP measured. y-axis is fold change relative to untreated (0xmic) and x-axis is fold MIC applied. Confidential 6 Low hemolytic and low cytotoxic activity wt Confidential 7 Efficacy compared to current treatment options. MIC90 determinations # strains wt AA139 AA143 AA230 MIC (µg/ml) N=325 Ceftazidime Ciprofloxacin Colistin Gentamicin Meropenem Tigecycline MIC (µg/ml) CLSI MIC (µg/ml) CLSI MIC (µg/ml) CLSI MIC (µg/ml) CLSI MIC (µg/ml) CLSI MIC (µg/ml) CLSI E.coli N=55 0.5 1 0.5 0.5 >32 R >4 R 0.25 S >32 R 4 S 0.5 S K.pneumonia N=75 4 4 16 4 >32 R >4 R 8 R >32 R >16 R 4 I P.aeruginosa N=75 2 8 16 2 >32 R >4 R 2 S >32 R >16 R >8 R A.baumanii N=120 1 2 32 2 >32 R >4 R 8 R >32 R >16 R 4 I Confidential 8 Spontaneous mutational frequency Resistance Frequency (4XMIC) Organism Isolate ID E. coli ATCC 25922 E. coli 3083559 K. pneumoniae 3083832 K. pneumoniae 3083583 P. aeruginosa ATCC 27853 P. aeruginosa 3083655 A. baumannii 3083835 A. baumannii 3083684 wt AA139 AA143 AA230 ≤ 3,57E-11 ≤ 2,50E-12 ≤ 3,57E-11 ≤ 2,50E-12 ≤ 2,08E-11 ≤ 8,90E-11 ≤ 2,08E-11 ≤ 8,90E-11 ≤ 9,09E-11 ≤ 4,16E-10 ≤ 9,09E-11 ≤ 4,16E-10 ≤ 5,00E-11 ≤ 1,38E-11 ≤ 5,00E-11 ≤ 1,38E-11 ≤ 8,30E-11 ≤ 2,61E-12 ≤ 8,30E-11 ≤ 2,61E-12 ≤ 7,14E-11 ≤ 2,68E-12 ≤ 7,14E-11 ≤ 2,68E-12 ≤ 3,44E-11 ≤ 2,65E-12 ≤ 3,44E-11 ≤ 2,65E-12 ≤ 7,14E-10 ≤ 4,80E-10 ≤ 7,14E-10 ≤ 4,80E-10 Confidential 9 Klebsiella/Pseudomonas/Acinetobacter bioload reduction Klebsiella Pneumonia ATCC 43816 log Variant reduction Pseudomonas aeruginosa VL-98 Acinetobacter baumanii 377 Variant log reduction Variant log reduction AA143 -2,29 AA139 -1,12 AA143 -1,01 AA139 -1,89 AA230 -0,92 wt -0,92 AA230 -1,71 AA143 -0,10 AA139 -0,18 wt -1,59 wt 0,26 AA230 -0,04 Meropenem -0.67 Meropenem -2.72 Meropenem -1.49 Mouse lung infection Hours 0 Inoculum 2 Mouse strain : CD-1 4 Treatment Bacteria ~108 Confidential 6 8 24 Evaluation of CFU in lung 10 Dose response in the UTI mouse model ED50 ~1.5 mg/kg in urine and ~ 1.8 mg/kg in the bladder Mouse urinary tract infection Mouse strain : OF-1 Days -4 5% glucose in drinking water 0 Inoculum E.coli ~108 1 Treatment BID Confidential 3 Evaluation of CFU in Urine, Bladder And Kidney 11 Toxicological overview after 7 days of daily dosing in mice Variant wt AA139 AA143 AA230 MTD iv (mg/kg) 25 30 50 40 NOAEL iv (mg/kg) 10 - 30 - HED (mg/kg) 9,5 N/A 28,5 N/A E. coli ED50 Bladder (mg/kg) 1,8 N/A 0,4 N/A NOAEL/ED50 Bladder 6 N/A 75 N/A Protein binding 99 95 85 97 Confidential 12 Comparison of kinetics in pigs and mice Mini pig mg/kg 2h IV Infusion HL_Lambda_z Cmax wt AA143 AA143 18 20 38 42 Mini pig Mouse Mini pig Mouse 4.8 3.4 2.2 1.9 18 27 57 54 1.0 1.3 1.5 1.3 98 77 212 120 34 20 10 6 826 102 505 895 120 208 162 324 hr ug/ml Cmax_D ug/ml/mg AUCall hr*ug/ml AUC_%Extrap_obs % Vz_obs ml Cl_obs wt ml/hr Confidential 13 Development program • • • • Selection of lead product candidate in Q3 2013 CMC and preclinical tox initiated in Q4 2013 First human dose in Q4 2014 Phase IIa initiated in 2015 – Initial registration in cUTI – Main indication HAP/VAP Confidential 14 External activities and cost for development of Arenicin in cUTI Task 2013 2014 2015 2016 2017 2018 2019 Cost MUSD Lead candidate selection Synthesis of 2 kg of cGMP material (Pre clin , phI) 2.0 5 Fill and finish ( phI ) 0.3 3 9 Pre-clinical tox/ safety 0.5 3 CTA/IND 0.1 12 Phase I (SAD/MAD) 2.0 6 cGMP production for ph II and III 10.0 3 Fill and finish (phII, phIII) 0.7 3 SPA meeting 0.3 12 Phase II (a and b) cUTI Phase III studies cUTI 6.0 NDA submission Total / Year 30.0 18 6 1.0 1.8 2.1 Confidential 13.0 14.0 10.0 10.3 0.3 52.2 15 Milestone plan • • • • • • • • • • • In vivo efficacy demonstrated against Pseudomonas, Acinetobacter and Klebsiella in pneumonia Three leads identified for lead optimization Bronchioalveolar lavage study Mode of action ED 50 in pneumonia PK/PD in UTI Lead candidate selection Pre-clinical tox/safety completed IND filing Phase I SAD/MAD study completed Phase IIa completed Confidential Completed Completed April 2013 May 2013 Sept 2013 Oct 2013 Oct 2013 Dec 2014 Q1 2015 Q1 2016 Q1 2017 16 Intellectual property Broad IP portfolio with composition of matter and method of use patents. NZ family WO # Type Description Issued/priority Expires 10865 WO07023163 Composition of matter Arenicin-3 26.08.2005 26.08.2025 11526 WO154525A1 Composition of matter Arenicin-3 variants 12.06.2010 12.06.2030 11704 WO070032A1 Medical use Treatment of UTI with Arenicin-3 11.12.2009 11.12.2029 EP12166275 Medical use Treatment of pneumonia with Arenicin-3 variants 01.05.2012 01.05.2033 Future patents on specific variants and formulations possible. Confidential 17 Key Value Drivers for Investment • Broad spectrum XDR Gram-negative first in class drug with unique MoA • Significantly increased interest in anti-infectives area with GAIN Act/LPAD introduction • No new MoA programs in clinical development • Good safety and tox properties and solid in vivo PoC package • Phase IIa data package to be established for USD 15 mio • Experienced team to execute development plan Confidential 18 Contact details Dr Peter Nordkild Mobile: + 45 25 47 16 46 Email: pno@adeniumbiotech.com Website: www. Adeniumbiotech.com Confidential 19