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Precision Cancer Therapeutics CONFIDENTIAL George O. Elston, CEO Marie Foegh, MD, CMO November 2017

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Page 1: Precision Cancer Therapeutics - 2X Oncology · 2017-11-07 · About Us •Precision therapeutics addressing significant unmet medical needs in hard-to-treat cancers •Pipeline of

Precision Cancer Therapeutics

CONFIDENTIAL

GeorgeO.Elston,CEOMarieFoegh,MD,CMO

November2017

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AboutUs

• Precisiontherapeuticsaddressingsignificantunmetmedicalneedsinhard-to-treatcancers

• PipelineofPhase2compounds- PARPinhibitorpositionedforQ42017Phase2studyinitiation

• Initialstudiesplannedinmetastaticbreastandprostatecancer

- Leveragingprioractivityobservedinovarian,pancreatic &braincancers

• DrugResponsePredictor(DRP®)companiondiagnosticleveragedtoidentifydrugrespondersandnon-respondersforfocusedstudies

• Phase2Dataanticipated2H2018- Positivedatatriggersacceleratedapprovalfiling(s)

• RaisingInstitutionalfinancing- $3.5Mseedroundcomplete2

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ExecutiveTeam

3

Peter Buhl Jensen, MDChairman

• FounderandCEOofTopoTarget A/S• SecuredEMAandFDAapprovalofSavene©/Totect©• DevelopedBelinostat,FDA-approvedin2014

George ElstonCEO

• 20+yearsveteranlifescienceexecutive• Oncology,ophthalmologyandwomen’shealth• BoardmemberDeutscheBankDBXTrustandpreviouslyCelldexTherapeutics

Marie Foegh, MDCMO

• 28yearsinpharmaceuticalandbiotech• ExecutiveatIPSENandBayerPharmaandAgile• 10+drugstakenthroughdevelopmentandFDAapproval

Jarne ElleholmCFO

• 20+yearsinpharmaceuticalandbiotech• VCpartnerandPharmaexecutiveexperience• ChairmanofScandinavianMicroBiodevices,Meta-IQ

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ProgramDevelopmentTeam

Ulla H. BuhlFounder Clinical Liaison

Steen Knudsen, Ph.D. DRP founder

Bruce Pratt, Ph.D. CMC

Dr. Joyce A. O’ShaughnessyBaylor University,US Oncology

Dr. Daniel D. Von HoffU. of Arizona, Mayo Clinic,US Oncology

Dr. Mansoor Raza MirzaNSGO/DBCG Rigshospitalet, U. of Copenhagen

Dr. Mary Lake Polan, Yale University,Dept. of OB/Gyn

Dr. Henry S. FriedmanDuke UniversityTisch Brain Tumor Center

Oncology Venture team

Scientific Advisory BoardDr. Ursula A MatulonisDana-Farber Cancer InstituteSmith Center for Women’s Cancers

Mogens WinkelMadsen, Ph.D. Manufacturing

James G. Cullem J.D. FounderBD Liaison

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Phase2Pipeline

5

Phase2DRP®Selected

Phase22018PotentialMilestones

2X-121PARP1/2and

Tankyrase 1/2Inhibitor

• Metastatic breast cancer

• Prostate cancer (mCRPC)

• Recurrent ovarian cancer

• Pancreatic cancer Phase2studyresults

Positionedforaccelerated

approvalfilings

2X-111Glutathione-enhancedPEGylatedLiposomal

Doxorubicin

• Brain metastases from breastcancer

• Recurrent glioblastoma multiforme

2X-131Topoisomerase1

Inhibitor

• Recurrent ovarian cancer

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DRP®CompanionDiagnostic

①Patternsindrugsensitivityfromhumancelllines(e.g.NCI60)reflectmechanismofactionofaspecificdrug.Thisidentifiesasubsetofgenesresponsibleforsensitivityandresistancetothatdrug.Thisnarrowsthegeneanalysisfrom20,000intothe“hundreds,”providingarawDRPscoreadrugforadditionalfilteringbasedonactualpatienttumordata.

② TherawDRPisfilteredforclinicalrelevanceagainstaproprietarydatabaseofover3,250humantumorsamplesfrom27differentcancers.Thismetadataanalysiseliminatesclinicallyirrelevantgeneexpressions(“backgroundnoise”),creatingthedrug-specificDRP.

③ Thedrug-specificDRPproducesascorefrom0-100basedonthespecificgenesrepresentedinapatient’stumor.A100scorewouldidentifyatumorasahighlylikelyresponder,withallgenesrepresentedforsensitivityandnoneforresistance.

④mRNAdatafrompatientbiopsiesarecomparedtothedrug-specificDRP,producinganindividualscore.ADRPcutoff(e.g. 70%)isselectedbasedonclinicalexperiencewithaparticularcancertypeanddrug.

APatient-unique“Fingerprint”ofGenesPredictsResponsivenesstoaDrug

Drug-specific DRP

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DRP®Validatedin40+ClinicalTrials

• Epirubicin inmetastaticbreastcancerhttp://abstracts.asco.org/199/AbstView_199_192238.html

• Epirubicin,Exemestan,Anastrozole,and Fulvestrant inadvancedbreastcancerhttp://www.medical-prognosis.com/investor-and-media/20170124-drp-successfully-predicts-effect-of-4-breast-cancer-drugs-for-personalized-medicine/?origin=announcements

• Cisplatin,Epirubicin and Capecitabine ingastroesophaeal cancerhttp://journals.plos.org/plosone/article?id=10.1371/journal.pone.0148070

• Adjuvant 5FUincoloncancer http://journals.plos.org/plosone/article?id=10.1371%2Fjournal.pone.0155123

• Belinostat inAMLhttp://www.oncologyventure.com/wp-content/uploads/2016/04/Bullinger_ESMO2012.pdf

• Adjuvant CisplatinandVinorelbine inNSCLChttp://oncologypro.esmo.org/Meeting-Resources/ESMO-2016/Multigene-expression-profile-for-predicting-efficacy-of-cisplatin-and-vinorelbine-in-non-small-cell-lung-cancer

• Fulvestrant inbreastcancerhttp://journals.plos.org/plosone/article?id=10.1371/journal.pone.0087415

• CHOPand CHOEPinlymphomas https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4333339/

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DRP®EnablesDynamicStudyDesigns

8

NovelPrecisionMedicineTrialDesigns

JAMAOncology: doi:10.1001/jamaoncol.2106.5299

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2X-121:PARP1/2andTankyrase 1/2Inhibitor

• Orallybioavailable,brainpenetrable,smallmoleculedrug

• Potentinhibitor of

• Dualinhibitoryactionof2X-121againstPARP1/2andTankyrase 1/2providesbroaderactivitythancurrentPARPinhibitors

• LackoftransportbyP-glycoproteinpotentiallyovercomesresistancetocurrentPARPinhibitors

• Establishedefficacy&safetyprofile;nomyelotoxicityobservedinPh1study9

PARP1Akeymoleculeinsensingandrepairingsingle-strandDNAbreaks

PARP2Anadditionalrepairmechanism

Tankyrase 1/2ImportantregulatorsofcanonicalWnt/β-catenin,acriticalcheckpointinmetastases,particularlyintriple-negativebreastcancer

PARP:Poly(ADPribose)polymerase

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olaparibNiraparibE7449

Responsebiomarker

PgP mediatedresistance Myelotox Tankyrase WNT PARPtrapping BBB

penetration

Strongmaintenanceopportunity

olaparib BRCA Yes(1,2) Yes No(8) No Yes No(1) Yes

niraparib BRCA/Myriad(3)HRD YesSPC Yes No No Yes No Yes

veliparib BRCA Yes(4,5) Yes No No No(4,5)

rucaparib BRCA Yes(6) Yes Yes(8) Yes(7) Yes No(6) Yes

talazoparib BRCA Yes No(10) No Yes No(11) Yes

BGB-290(12) BRCAHRD Yes Yes Yes Yes

2X-121 DRP(9) No No Yes Yes Yes Yes Yes

a) in: Profile of veliparib and its potential in the treatment of solid tumors https://www.ncbi.nlm.nih.gov/pmc/articles/PMC45245911) http://www.nature.com/nm/journal/v19/n11/full/nm.3369.html?message-global=remove2) http://www.pnas.org/content/105/44/17079.long https://www.genomeweb.com/cancer/myriad-genetics-stock-drops-after-study-shows-niraparib-may-not-need-cdx3) http://dmd.aspetjournals.org/content/39/7/11614) https://www.ncbi.nlm.nih.gov/pubmed/246475725) https://www.ncbi.nlm.nih.gov/pubmed/24962512 ; http://www.ascopost.com/issues/may-1-2014/preliminary-study-suggests-veliparib-may-be-effective-in-resistant-brca-mutated-ovarian-cancers/6) https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4882768/pdf/bjc201641a.pdf7) http://www.nature.com/scibx/journal/v5/n13/pdf/scibx.2012.323.pdf8) https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4027629/pdf/ml400292s.pdf9) Novel strategies in biomarker discovery are determination of the genomic or expressional signatures of PARP inhibitor sensitive tumors. The rationale behind this approach is that one can define a specific profile of, for

example, HR-deficient tumors. RNA profiling or gene expression arrays have been used for this purpose and show potential in identifying PARP inhibitor sensitive tumors http://www.medscape.com/viewarticle/842072; http://journals.plos.org/plosone/article/file?id=10.1371/journal.pone.0064268&type=printable; ttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC4053087/pdf/bcr3625.pdf;

10) http://files.shareholder.com/downloads/MDV/2370126714x0x898732/BB3A5044-7FBC-4CDA-96CB-810A55269B7D/Talazoparib_IR_Presentation_2016-07-06_FINAL.pdf11) http://www.nature.com.ep.fjernadgang.kb.dk/nchembio/journal/v13/n2/pdf/nchembio.2248.pdf12) Source: Beigene filing with SECon19Jan2016

“Forthetranslationalscientist,theidentificationofreliablebiomarkerswillbecriticalforthesuccessofthistargetedagent”aPARPOverview

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2X-121: PARP1/2andTankyrase 1/2InhibitorEstablishedClinicalHistory

SingleAgent Patients Indication Results

Phase1 (UK) 41(28atRx dose)

SolidTumors(includingbreast,

pancreaticandovarian)

• Welltolerated• 46%diseasecontrol• 7.1%partialresponsesinallcomers• 2durablepartialresponses,200+days

Priorclinicalstudycompletedwithout useof2X-121DRP®CDx toselectlikelyresponders

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2X-121:PatientBiopsiesforDRP®Validation

12

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2X-121:StrongDRP®Prediction

• Blindedstudy,13patients

• 2X-121DRPpredictedpatientslikelytorespondandnotrespondtotreatment

• 2X-121DRPcorrectlypredictedresponsetotreatmentandOverallSurvival(p=0.07)- HazardratioonOverallSurvival=0.26

• Clearseparationbetweenresponders&non-responders

• IdentifiedrespondersirrespectiveofBRCAmutationstatus

Total PatientsinGroup OverallSurvivalPredictedresponders 7 5

Predictednon-responders 6 1

13 OverallSurvival:survivalat400daysfromcommencementoftreatmentwith2X-121

Four-folddifferenceinOverallSurvival

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Phase1Trial:E7449/2X-121

Responders Nonresponders

010

2030

4050

6070

Clinical response

DRP

pred

icted

2X−

121

sens

itivity

(adju

sted

for d

ose

50−8

00m

g)

● ●

Responders Nonresponders

010

2030

4050

6070

CC=0.45, P=0.06

Unblinding:ClinicalResponse

2X-121DRPcorrectlyidentified• The2patientswithpartialresponse• Non-responders

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2X-121:StrongDRP®Prediction

15

Prospective/RetrospectiveDRPValidation

16patientswithbiopsiesmRNAextractedfrom13

0 200 400 600 800

0.00.2

0.40.6

0.81.0

Days

Overa

ll surv

ival

Predicted sens to E7449Predicted resistant to E7449

P=0.07 HR=0.26

Predicted sensitive to 2X-121Predicted resistant to 2X-121

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2X-121:PARP1/2andTankyrase 1/2Inhibitor

16

ClinicalOpportunitieswithDRP®CDx

Other DRP®andWnt pathways

Other homologousRecombination deficient

BRCA1+2mutated

Likely non-responders to2X-121

Highlikelihoodsensitivesubgroupsareidentifiedbythe2X-121DRP®

MetastaticbreastcancerOvariancancerPancreaticcancerBrainmetastasesfrombreastcancerEndometrial cancerProstate cancer

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2X-121:Phase2ClinicalPlans- InitialFocusedStudies

MetastaticBreastCancer

• Selecttop20%DRP®• <30heavilypre-treatedpatients• Utilize1,200+patientregistryinDenmark

• 2H2018dataexpected• 30%+responserateanticipated• Potentialforacceleratedapproval

ProstateCancer

• Selecttop20%DRP®• <30heavilypre-treatedpatients• InitialEUstudy

• 2H2018dataexpected• 30%+responserateanticipated• Potentialforacceleratedapproval

17

Phase2StudyPlan

PotentialOutcomePathways

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2X-121:Phase2ClinicalPlans– U.S.Studies

RelapsedOvarianCancer

• Selecttop20%DRP®• Enroll<30heavilypre-treatedpatients(incl.priorPARPrefractory)

• 30%+responserateanticipated• Potentialacceleratedapproval

PancreaticCancer

• Selecttop20%DRP®• Enroll<30heavilypre-treatedpatients

• Opportunityforacceleratedapprovalandorphandesignation

18

Phase2StudyPlan

PotentialOutcomePathways

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2X-121:Phase2ClinicalPlans- Basket

NCICollaboration– PediatricCancer

• CancertypeselectionbasedonknownPARPi activity- e.g.Neuroblastoma

• DRP®cutoffTBD

• Minimumofdoublingexistingresponseratevs.otherPARPi

• Opportunityforacceleratedapproval

PARPi TumorStudies

• SelectionbasedonknownPARPiactivityinspecifictumortypes

• DRP®cutoffTBD

• Minimumofdoublingexistingresponseratevs.otherPARPi

• Opportunityforacceleratedapproval

19

Phase2StudyPlan

PotentialOutcomePathways

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2X-121:CurrentStatus

• ProductavailablefromEisai- 13Kcapsulesforinitialstudies- 14kgofAPI- 78kgofintermediateproduct

• 2X-121DRP®established&validated

• Phase2mBC studyinitiationexpectedQ42017- Registryof~1,200DRP-screenedbreastcancerpatientsinDenmark

• U.S.pre-INDmeetingrequested

• INDfilingexpectedQ12018

20

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2X-111: Glutathione-enhancedPEGylatedLiposomalDoxorubicin

• Glutathione(GSH)– enhancementofPEGylatedliposomeexploitstheGSHtransportpumpintheBBBtoallowtransferof2X-111intothebrain

• IPincludesGSH-PEGylatedliposomedeliverysystemincombinationwithanthracyclines

NovelTrans-BBBDrugCandidate

glutathione

PEG

doxorubicin

liposome

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DRP®forAnthracyclinePredictsResponseinmBC

13months PFSwithDRP®at75%

7months PFSwithDRP®at25%

In135patientswithmBCtreatedwithepirubicin theDRPpredictedPFSwitha

HazardRatioof0.5(p=0.02)

PredictedResponse

0%

100%

Buhl et al. Retrospective-prospective blinded evaluation predicting efficacy of epirubicin by a multigene assay in advanced breast cancer within a Danish Breast Cancer Cooperative Group (DBCG) cohort. J Clin Oncol 35, 2017 (suppl; abstr 1071).

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2X-111:Glutathione-enhancedPEGylatedLiposomalDoxorubicin

23

EstablishedClinicalHistorySingleAgent Patients Indication Results

Phase1 37 Safety Welltolerated

Phase2a 17 Brain metastasesfrombreastcancer

PR:2(12%)SD:9(52%)

Phase2a 20 GBM PR:1(5%)SD:7(35%)

Priorclinicalstudiescompletedwithout useof2X-111DRP®CDx toselectlikelyresponders

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2X-111:ClinicalDevelopmentPlans

GlioblastomaMultiforme• Selecttop20%DRP®• Enroll<20patients

a) 4+patientsPR/SDat6+months→ acceleratedapprovaldiscussionwithFDA

b) 2-3patientsPR/SD→enroll10additionalpatients

BrainMetastasesfromBreastCancer• Selecttop40%DRP®• Enroll<20patients

a) 6+patientsPR→ repeatstudy;acceleratedapprovaldiscussionwithFDA

b) 4-5patientsPR→ pivotalPhase2withevaluationofothermetastases

24

Phase2StudyPlan

PotentialOutcomePathways

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2X-111:Glutathione-enhancedPEGylatedLiposomalDoxorubicin

• U.S.INDobtainedJune2017• Drugproductmanufacturingunderway(Taiwan)• 2X-111DRP®established&validated• Danishregistryof~1,200DRP-screenedbreastcancerpatientsavailableformBC Phase2study– umbrellastudy

• Glioblastomapatientstobescreenedwith2X-111DRP®CDx atCopenhagenandDukeUniversityHospitals

25

CurrentStatus

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2X-131:Topoisomerase1Inhibitor

• Orallybioavailablesmallmoleculecamptothecin

• Bindstothetopoisomerase1-DNAcomplex

• Preventsre-ligationofsinglestrandbreaksthatareinducedbytopoisomerase1torelievetorsionalstraininDNA

• MOA:cytotoxicityfromdoublestrandDNAdamageproducedduringDNAsynthesis

• Favourablesafetyprofile

• Clinically-demonstratedefficacyinwiderangeofcancers

26

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2X-131:EstablishedClinicalHistory

27

CompletedPhase1&Phase2Studiesin>300PatientsConductedinEU,US,JapanandChina

Phase TreatedPatients Tumor types1 108 Solidtumors1 35 Solidtumors1 43 Glioma1 4 ADME1 157 Solidtumors1 26 Solidtumors

250 Breast69 Ovarian

ADME-AbsorptionDistributionMetabolismExcretion

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2X-131: Topoisomerase1InhibitorEstablishedClinicalHistory

SingleAgent Patients Indication Results

Phase2 69 Ovariancancer • Welltoleratedwithimprovedefficacy &safety profilevs.topotecan &irinotecan

• 47%responserate in19patientswithPlatinumFreeInterval(PFI)≥6months

• 16%PRinpatientswithPFI<6months

Priorclinicalstudycompletedwithout useof2X-131DRP®CDx toselectlikelyresponders

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2X-131:Phase2ClinicalDevelopmentPlan

OvarianCancer

• Selecttop30%DRP®• Enroll<20heavilypre-treatedpatientswithPFI<6months

a) 3+patients→ repeatstudy;discussacceleratedapprovalwithFDA

b) <3patients→ revisitDRP®cutoff

EndometrialCancer

• Selecttop20%DRP®• Enroll<20late-stagepre-treatedpatients

• Opportunityforacceleratedapprovalandorphandesignation

29

Phase2StudyPlan

PotentialOutcomePathways

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2X-131: CurrentStatus

• DrugproductavailablefrompartnerforPhase2studies

• PlanningDRP®-selectedPhase2studyinrecurrentovariancancer

• ExpandedcollaborationdiscussionswithChinapartner

• U.S.INDfiling/reopeningplannedforQ12018

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DevelopmentTimelineQ42017 Q12018 Q22018 Q32018 Q42018 2019

2X-121Metastaticbreastcancer- Phase2

2X-121 RecurrentovarianCancer- Phase2

2X-121PancreaticCancer- Phase2

2X-111 BCBM– Phase2

2X-111 Glioblastomamultiforme– Phase2

2X-131RecurrentovarianCancer– Phase2

Potential2018CompanyProfile

• 2X-121mBC inpivotalphase2studyforacceleratedapproval

• 2X-111 Brainmetastasesfrombreastcancerconfirmatorystudyforacceleratedapproval

• 2X-111 GBMpositionedforacceleratedapproval

• 2X-131 Recurrentovariancanceracceleratedapprovalstudy

• Endometrialcancerstudiesunderway

PositionedforPartnering,M&Aand/orIPO

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Contacts

GeorgeO.ElstonChiefExecutiveOfficer

[email protected]

Jarne ElleholmChiefFinancialOfficer

[email protected]

AmyRaskopfIR/[email protected]