advancing the science · • primary efficacy endpoint –fsfi total score at 6 months •...
TRANSCRIPT
Advancing the Science
of Women’s Intimate Health
Investor Presentation(NASDAQ: VIVE)
© 2018 Viveve, Inc. Confidential and Proprietary.1
Forward Looking Statements
All statements in this presentation that are not based on historical fact are “forward looking statements”. While
management has based any forward looking statements included in this release on its current expectations, the
information on which such expectations were based may change. These forward looking statements rely on a
number of assumptions concerning future events and are subject to a number of risks, uncertainties and other
factors, many of which are outside of our control, which could cause actual results to materially differ from such
statements.
Such risks, uncertainties, and other factors include, but are not limited to: (i) we currently do not have the ability to
market our system in the U.S.; (ii) we will need to obtain FDA clearance or approval, which may not be granted; (iii)
our business is not profitable, and we may not be able to achieve profitability; (iv) we depend on distributors to
market and sell our products and they may not be successful; (v) we currently have limited sales and marketing
resources; (vi) the fluctuation of global economic conditions; (vii) the performance of management and our
employees; (viii) our ability to obtain financing; (ix) competition and general economic conditions; and (x) other
factors that are to be detailed in our periodic and current reports available for review at www.sec.gov. Furthermore,
we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise.
Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual
results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
© 2018 Viveve, Inc. Confidential and Proprietary.2
A women’s intimate health company
commercializing innovative, clinically-proven,
proprietary platform technologies to address
multiple unmet medical needs and improve
patients’ well-being and quality of life.
© 2018 Viveve, Inc. Confidential and Proprietary.3
Company Highlights
• Significant preclinical animal and tissue study data
• Two positive pilot studies in vaginal laxity/sexual function - U.S.
and Japan
• Positive OUS vaginal laxity/sexual function trial – JSM and JWH
publications
• Positive Canadian pilot study results recently announced in
Stress Urinary Incontinence
• 114% YoY revenue growth - $15.3M in 2017 sales
• Global installed base expansion – 444 Systems worldwide
• Global disposable treatment tip utilization 3/system/month
• Expanding N.A. sales organization to 27 regional sales reps
Rapid
Commercial
Growth
Clinically
Proven
CMRF
Platform
© 2018 Viveve, Inc. Confidential and Proprietary.4
Experienced Leadership Team
Patricia Scheller Chief Executive Officer
> 25 / 6
Scott Durbin Chief Financial Officer
> 20 / 5
James Atkinson President andChief Business Officer
> 30 / 3
Key Management & Previous Experience
Years Experience: Industry / Viveve
MEDICAL
STIMULATION
CORPORATION
© 2018 Viveve, Inc. Confidential and Proprietary.5
Proven Track Record of Success
Year-End 2015 Year-End 2016 Year-End 2017
Revenue $1.4M $7.1M $15.3M
Installed
Base42 217 444
Distribution
Coverage46 Countries 67 Countries - 2 Direct 67 Countries – 2 Direct
Clinical
Milestones
Completed VIVEVE I
study
IDE submission –
VIVEVE II
JSM Publication –
VIVEVE I
VIVEVE II IDE review
in process
Regulatory
Approvals20 Countries
51 Countries
US, Brazil, and Korea
approvals
62 Countries
(2018 YTD)
© 2018 Viveve, Inc. Confidential and Proprietary.6
The Viveve Solution
Viveve® System utilizes internationally patented,
cryogen-cooled monopolar RF energy (CMRF) technology
2Physician operated table-top device
Single-use consumable treatment tip
1
© 2018 Viveve, Inc. Confidential and Proprietary.7
Competitive Advantages
Treatment
Paradigm
CMRF PLATFORM
• Allows depth of penetration while maintaining patient comfort and safety
• Reproducible procedures
• Demonstrated clinical evidence
• Robust patent coveragePelvic floor exercises (Kegels)
Behavioral
Modifications
Energy-based
Devices
Surgical
Interventions
© 2018 Viveve, Inc. Confidential and Proprietary.8
Significant Unmet Medical Needs
Vaginal childbirth overstretches the vaginal introitus (opening)
• Feeling of “Looseness” - diminished sensation during intercourse
• Reduction in sexual function and quality of life
13 million women worldwide
$7 billion global consumable market opportunity
Stress Urinary Incontinence
(Mild to Moderate)
Vaginal Laxity
(Sexual Function)
Vaginal childbirth damages tissues of the pelvic floor
• Urine leakage associated with hypermobility
• Need to wear pads -reduction in certain activities & quality of life
25-30 million women worldwide
$10-$12 billion global consumable market opportunity
© 2018 Viveve, Inc. Confidential and Proprietary.9
VIVEVE I – Demonstrated Improvement in Sexual Function
Largest controlled study ever conducted to assess treatment of vaginal laxity
Significant and
sustained
improvement
after a SINGLE
treatment
Adjusted Mean
Difference of 3.2
at
6 Months
p-value = 0.009
FSFI – Female Sexual Function Index: a validated patient reported outcome questionnaire FSFI analysis conducted on 103 per protocol patients with baseline scores less than 26.5.
© 2018 Viveve, Inc. Confidential and Proprietary.10
VIVEVE II – Sexual Function Indication in U.S.
VIveve Treatment of the Vaginal Introitus to EValuate Efficacy
• Randomized (1:1), double-blinded and sham-controlled
• Enrollment ~250 patients at up to 25 clinical sites in the U.S. and Canada
• Primary efficacy endpoint – FSFI total score at 6 months
• Secondary efficacy endpoints – Various domain scores at 6 months
• Safety and efficacy at 12 months
Sexual Function…treatment of
vaginal tissue to
improve sexual
function
Study
Completion …expected 2H
2019
• Clinically proven path to approval
• IDE submission under FDA review
• VIVEVE II study start – 1H 2018
© 2018 Viveve, Inc. Confidential and Proprietary.11
Pilot Study – Demonstrated Improvement in SUI
Positive outcomes from two validated SUI outcome measures at 12 months
UDI-6 (n=9) ICIQ-UI (n=9)
Baseline Score 1567 9.4
4 Mos 517 3.2
6 Mos 383 2.4
9 Mos 733 5.6
12 Mos 767 5.7
% Reduction from Baseline 51% 40%
Responder Rate 100% 89%
© 2018 Viveve, Inc. Confidential and Proprietary.12
LIBERATE - Stress Urinary Incontinence Indication
• Enrollment ~100 patients at up to 10 clinical sites in Canada
• Primary efficacy endpoint: mean change in 1 hour pad weight test at 6 months
• 12 months of safety follow-up
• Study to support Health Canada and CE Mark approval
Two multi-center, randomized, sham-controlled studies to be conducted following positive Pilot Study Results
LIBERATE (U.S.)LIBERATE (International)
• Enrollment ~200 patients at up to 25 clinical sites in U.S.
• Primary efficacy endpoint: mean change in 1 hour pad weight test at 12 months
• 12 months of safety follow-up
• Study to support FDA clearance
© 2018 Viveve, Inc. Confidential and Proprietary.13
Label Expansion Across Multiple Indications
Several Significant Near-Term Clinical & Regulatory Milestones
Today
Q1 Q2 Q3 Q4Q12019
Q2 Q3 Q4Q12020
Q2 Q3
IDE Approval 12 Mo. Data FDA CLEARANCE
6 Mo. Data CHA / CE MARK
12 Mo. Data FDA CLEARANCE
Enroll Follow-upSub-
mission
Enroll Follow-up Sub-
mission
Enroll Follow-upSub-
mission
VIVEVE IISexual
Function
LIBERATE
INT’LSUI
LIBERATE
U.S.SUI
© 2018 Viveve, Inc. Confidential and Proprietary.14
Global Commercial Footprint – 69 Countries
EUROPE
29 countries
MIDDLE EAST
10 countries
ASIA PACIFIC
13 countries
LATIN
AMERICA
15 countries
N. AMERICA
2 countries
© 2018 Viveve, Inc. Confidential and Proprietary.15
International Commercialization
Extensive international distribution network
• Distribution Partners covering 67 countries
• 2 countries direct (U.S. and Canada)
• Approvals & indications to sell in 62 countries
• 3 Regional Sales Directors & Global Director of Strategic Partnerships
Pending regulatory submissions in 7 additional countries
© 2018 Viveve, Inc. Confidential and Proprietary.16
North American Commercialization
2017 YE Commercial Organization
• 17 Regional Sales Reps
• 5 Associate Sales Reps
• 27 Total Sales Organization
2018 Growth Strategy
• 27 Regional Sales Reps
• 14 Associate Sales Reps
• 10 Practice Development Managers
• 58 Total Sales Organization
Physician Specialties
Gynecologists
Urogynecologists
Plastic Surgeons
Dermatologists
P R O M O T I O N A L C A M P A I G N S
Branded Campaign
FEEL SENSATIONAL
Unbranded Campaign
Educational and empowerment initiative focused on women’s intimate health
* In the United States the Viveve System is indicated for general surgical procedures for electrocoagulation and hemostasis
© 2018 Viveve, Inc. Confidential and Proprietary.17
Commercial Success & Rapid Adoption
Current installed base of 444 systems and significant sales growth
RECORD 4th QUARTER 2017 - 80 Systems and 2,600 treatment tips114% YoY $ Growth (2017-2018)
Syste
ms S
old T
ips S
old
© 2018 Viveve, Inc. Confidential and Proprietary.18
Building on a Track Record of Success
Grow Revenue & Profitability Commitment to Scientific Rigor An Eye to the Future
• Fund external research programs to explore potential new applications
• Conduct rigorous clinical trials to differentiate our technology from the competition
• Drive installed base adoption and consumable utilization
• Implement innovative education and awareness campaigns
• Improve gross margins
• Successful label expansion: Sexual function, SUI and Atrophy
• Secure additional regulatory clearances
© 2018 Viveve, Inc. Confidential and Proprietary.19
Advancing the Science of Women’s Intimate Health
(NASDAQ: VIVE)
Thank You