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Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel Drug Delivery Systems, March 16-18, 2015, Dubai www.amorsatx.com 1

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Page 1: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Drug Re-Formulation - Creating New Business

Opportunities

Dr. Alex Nivorozhkin, Chief Operating Officer

Amorsa Therapeutics Inc., USA

Pharmaceutics & Novel Drug Delivery Systems, March 16-18, 2015, Dubai www.amorsatx.com

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Page 2: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

The Need in Pain ManagementA Potent Non-Opioid Without the Adverse Effects

It’s time for a change:• 16,000 deaths per year due to opioid overdoses• High potential for addiction• Disabling side effects• Tolerance development

Morphine has been the gold standard for treating

moderate-to-severe pain for nearly 200 years!

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Page 3: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Why Reformulate Existing Drugs?

• Extending life cycle of the product (IP issues) – salt formation, route of administration, proprietary delivery

• Improve patient compliance, frequency, ease of administration-depot formulations (CNS)

• Serve newly found therapeutics indications -adjusting dose, route of administration, delivery

• Improving poor intrinsic physico-chemical properties– Poor bioavailability (due to poor solubility and/or permeability)– TCI reports (2014) identified 30 recently launched drugs with

poor bioavailability– BCS Class IV oral drugs sales >$145 B

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Page 4: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

How to Find and Validate a Good Idea?

• Talk to the DOCTORS- Unmet medical needs- Capitalize on something already used off-label- Incorporate new formulation into existing practices

• Make friends with IP LAWYERS- IP landscape complicated due to years of disclosures and patent activity- Formulation patents are almost always perceived “weaker” than composition of matter (new API)

• Set an alliance with PHARMACOLOGISTS– The interest jumps if you have in vivo data – Understanding animal models (efficacy)– Understanding toxicology aspects

• Introduce your idea to a BUSINESS PERSON– First pass on commercial potential– Interactions with potential investors

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Multistep Iterative Process, You’ll have to Adapt

Page 5: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

U.S. Market for Opioid Analgesics - $8.3 Billion (2013)

Unmet Medical Need for Pain Management

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Page 6: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Unlocking Ketamine’s Potential

• Ketamine was approved as an anesthetic in 1970 • Recent studies have shown ketamine’s analgesic

and antidepressant effects but with undesirable side effects

• Majority of therapeutic benefits are due to the conversion of ketamine to norketamine

• Amorsa is developing proprietary formulations of novel ketamine analogs designed to:– Deliver the potency of ketamine with fewer adverse effects – Be administered as convenient oral formulations– Offer patients an effective alternative to opioids

“The medical community is missing out on one of the best pain drugs there is.” Director, Defense Center for Integrative Pain Management

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Page 7: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Ketamine Pharmacology Challenge

Oral ketamine solution in healthy volunteers

Human PK Data (3rd party results)

Amorsa Solutions•Steady, controlled release formulations designed to limit spikes and improve kinetics•Focus on Norketamine – an active metabolite of KTM-with 2.5x half-life•Selectively deuterated nor-KTM analogs further extend exposure by 50 % (overall ca. 4x vs. KTM)

Problems•Spikes in plasma concentration leading to psychomimetic side effects•Short exposure due to fast clearance

Target Efficacy & Safety Range

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Page 8: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Leadership Team & Business AdvisorsJoe BlanchardChief Executive Officer

• Leadership experience with several early-stage, venture-backed life science firms

• Aushon BioSystems, Altus Pharmaceuticals, Genencor, Akzo Nobel, Conoco/DuPont

Alex Nivorozhkin, PhDChief Operating Officer

• Expert in drug formulation technologies, synthetic & medicinal chemistry

• Boston BioCom, Massachusetts General Hospital, Inotek Pharmaceuticals, Epix Medical

Mike Palfreyman, DSc, PhDChief Scientific Officer

• Expert in neuropharmacology & NMDA receptor antagonists

• Forum Pharmaceuticals, Anadys Pharmaceuticals, Marion Merrell Dow, Psychiatric Genomics

Business Advisors:Lewis Geffen, Esq, Corporate Counsel (Co-Chair of Venture Capital & Emerging Companies Practice, Mintz Levin)

Jacob Weintraub, Esq, IP Counsel (Senior Counsel, JWIP, LLC)

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Page 9: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Scientific & Clinical Advisory Board

Michael Palfreyman, DSc, PhDCo-Chairman

• Chief Scientific Officer, Amorsa Therapeutics

Mihir Kamdar, MDCo-Chairman

• Director, Cancer Pain Clinic at MGH• Harvard Medical School Faculty

Christopher Gilligan, MD

• Chief of Pain Medicine, Beth Israel Deaconess Medical Center

Robert Lenox, MD • Professor of Pharmacology and Clinical Neurosciences, University of New England

• Former Global Head of CNS Drug Discovery, Sanofi Pharmaceuticals

Lt Col (Ret) John Gandy, MD

• Member Defense Health Board and Emergency Medicine Physician

• Retired Air Force Special Operations Command Emergency Medicine Physician 9

Page 10: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Novel Deuterated Ketamine Analogs

Proprietary Formulations

Safe & Effective NMDA Receptor

Antagonists

• Built on known pharmacology

• Expedited clinical path possible

• Novel analogs expected to deliver improved efficacy and/or safety

• Convenient oral tablets • Neuro-attenuating

features designed to limit side effects

• All FDA approved ingredients

• Expected efficacy without the adverse effects

• Pipeline of high value applications

Amorsa’s Drug Development Platform

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Page 11: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Formulation Effects on Drug Release

Prototypical tablets formulated with racemic

ketamine

Novel hydrogel formulations of ketamine showing varying release profiles (in vitro experiments) Steady release of therapeutically effective concentrations without toxic spikes

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Technology applies to ketamine, norketamine and derivatives including (S)-norketamine-d

In vitro data translates well into in vivo dog model

Page 12: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Pilot PK Dog Study Using Ketamine-ER24 Tablet Formulation

Validates our pathway for rapid optimization of future formulations

20 mg ketamine tablets

Obtained target plasma drug levels for 24 hours without concentration peaks

Confirms a strong in vitro/in vivo correlation

Target Efficacy & Safety Range

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Page 13: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Deuterated (S)-Norketamine Analogs

• Previously studied compound with well-characterized pharmacological activity

• Norketamine, the active metabolite of ketamine

• More attractive PK profile than ketamine

• S isomer has more potency than R

• Targeted modifications to create novel drug candidates

• Provides improved pharmacokinetic properties that enhance safety and efficacy

S-Norketamine

(S)-Norketamine-d

(S)-Norketamine

Deuterium Modification

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Page 14: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Preclinical Product Candidates

ProductCandidate

Product Description

Planned Target Indications

DSN-FA Fast acting formulation containing (S)-Norketamine-d

• Acute Trauma Pain• Mass Casualties, Burns

DSN-ER12

Extended release 12-hour tablet containing (S)-Norketamine-d

• Chronic Pain • Post-Surgical Pain• Refractory Cancer Pain

Developing both fast acting and extended release formulations

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Page 15: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

3-Year Drug Development Plan

Year 1 Year 2 Year 3

AmorsaProduct Indication

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

DSN-FA (fast acting)

Acute Trauma Pain

Preclinical Phase 1a & 1b(healthy volunteers)

Phase 2(thru Year 4)

DSN-ER12(extended release)

Chronic PainPreclinical

DSN-FA(fast acting)

Treatment-Resistant

Depression

Phase 2

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Note: Plan does not assume Fast Track designation or modified 505(b)2 path –both are possible pending FDA review

Page 16: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Who Dares, Wins

Page 17: Drug Re-Formulation - Creating New Business Opportunities Dr. Alex Nivorozhkin, Chief Operating Officer Amorsa Therapeutics Inc., USA Pharmaceutics & Novel

Contacts:

Alex Nivorozhkin, Ph.D.Chief Operating Officer(617) [email protected]

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