A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics

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A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
A WORLD IN WHICH THE
PRIVILEGES OF HEARING AND
BALANCE ARE AVAILABLE
TO ALL
            TM

Citi Virtual BioPharma Conference

September 2020

                                    CONFIDENTIAL | 1
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
Hearing & Balance: Significant Needs, Life-Changing Medicines

                       Focused Approach: Restore Functional Hair Cells to Inner Ear

                         Integrated Platform: Single cell genomics, Gene Therapy

                      Experienced Team: Inner Ear Biology, Drug Hunting
Leading Company
Emerging Field
                  Sustainable Value Creation: Platform, Pipeline, Intellectual Property
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
Significant Unmet Needs: Hearing and Balance Disorders

                                                         CONFIDENTIAL | 3
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
Hair Cells in Inner Ear: Key Transducers of Mechanical Signals
Loss of HCs in Cochlea/Vestibule is Major Cause of Hearing & Balance Disorders

                                                                                      Stereocilia

Vestibule / Balance Function                                                            Hair cell

Aging and chemical insults cause loss
of functional hair cells in the vestibule
                                                                                      Nerve ending

                                            Cochlea / Hearing Function
                                            Aging, noise, and genetics cause loss
                                            of functional hair cells in the cochlea

                                                                                          CONFIDENTIAL | 4
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
Decibel Platform: Restoring Hair Cell Functionality
                                   Restoration of Hearing
                                        and Balance

                                   Restoration of Hair Cell
                                        Functionality

                    Rare Genetic Disorders          Common Disorders
                    Gene Replacement                Hair Cell Regeneration

          Single-cell Genomics     Precision Gene Therapy         Inner Ear Expertise

                                                                                        CONFIDENTIAL | 5
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
Gene Therapy: Ideal Modality For the Ear
    Strong parallels to the eye

         Ideal Organ         Decibel Proprietary Gene Regulatory Elements          Manufacturing
                             Enable Precise Spatial and Temporal Regulation
•   Tiny volume, enclosed                                                     • ~100x lower product
    compartment, high                                                           requirement vs systemic
    titers
                             All Hair Cells
•   Local delivery, no
    systemic exposure
•   Access validated         Inner Hair Cells
    delivery/surgery route
•   Immuno-privileged        Outer Hair Cells
                                                                              Systemic                Otic
                             Vestibular                                       >5,000L Process   ~200L Process
                             Supporting Cells                                    scale for        scale for
                                                                                commercial       commercial

                                                                                                CONFIDENTIAL | 6
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
Targeted Delivery of Otic Therapy
Platform links key gene targets to proprietary products
Genomics & Computation Platform             Therapeutic Delivery
     Epigenome
                                               Gene Therapy:
                                                 Proprietary
                                              target/promoter      Non-
   ATACseq; Cut&Run                                                functional

   Transcriptome        Therapeutic
                          Target

   scRNAseq; NucSeq
                                               Small Molecule:
    Spliceosome                               Validated Target     Restore
                                                                   Functionality

     PacBio IsoSeq

                                                                                   CONFIDENTIAL | 7
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
Decibel’s Strategies for Restoration of Hair Cell Functionality
Drugs to complement genetic mutations or to regenerate hair cells

                                                                                            Immature
                                         Cochlear                                           Hair Cell

                                       Regeneration    Supporting
                                                          Cell

                       Gene                                          Inner
                                                                                                         Outer
                                                                                                        Hair Cell
                    Replacement                                     Hair Cell

                                       Vestibular
                                      Regeneration

                                                                                                                       Type I
                                                                                 Type II                              Hair Cell
                                                                                Hair Cell
                                          Supporting
                                             Cell                                                         CONFIDENTIAL | 8
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
Pipeline 2020: Decibel Retains 100% of Commercial Rights
 PROGRAM             TARGET/MOA               TARGET ID/VALIDATION   DRUG DISCOVERY   CLINICAL TESTING      NEXT MILESTONE
 Gene Therapy for Congenital Deafness
                                                                                          REGENERON
 DB-OTO              Otoferlin
                                                                                          Co-development;
                                                                                                            IND           Q4’21
                                                                                          Decibel
 AAV.103             Undisclosed                                                          commercializes              DC
 Regenerative Medicines: Hair Cells

 DB-ATO              ATOH1/Vestibule                                                                        IND           1H’22
 AAV.RF301           Cochlea                                                                                          DC
 Discovery           Vestibule/Cochlea                                                                                DC
 Discovery           Vestibule/Cochlea                                                                                DC
 Otoprotection

 DB-020              Cisplatin Inactivation                                                                 POC           2021*
                                                                                                            *Registrational Trial
                                                                                                            2022
                                              Gene Therapy      Small Molecule

                                                                                                                      CONFIDENTIAL | 9
A WORLD IN WHICH THE PRIVILEGES OF HEARING AND BALANCE ARE AVAILABLE - TO ALLTM Citi Virtual BioPharma Conference - Decibel Therapeutics
DB-OTO for congenital genetic hearing loss
DB-OTO for Congenital OTOF Deficiency
                 • Biology: Otoferlin is a calcium sensor at base of inner hair cell
                 • Patient Phenotype: Profound deafness
                 • Identification: Newborn testing; OTOF genetic test
                 • Epidemiology: Estimated US & EU5 prevalence of 9,000 –
                   36,000; incidence of ~115 – 450 / year
                 • Treatable OTOF Mutations: Single gene transfer
                 • DB-OTO: Differentiated vs competition
                    – Precision gene therapy; proprietary, selective expression
                       of otoferlin in hair cells
                    – Clinical strategy leverages unique relationship with
                       largest characterized patient cohort

                                                                           C O N F I D E N T I A L | 11
Dual AAV.OTOF Delivery Rescues Normal Hearing Sensitivity in
Congenitally Deaf Mice
      OTOFQ828X/+    OTOFQ828X/Q828X                   OTOFQ828X/+    OTOFQ828X/Q828X   OTOFQ828X/Q828X Treated

                                             Dual AAV-OTOF Delivery

           Expression of OTOF Transgene: Selective expression, robust functional recovery

                                                                                                      C O N F I D E N T I A L | 12
DB-OTO: Proprietary Regulatory Element Provides Cell-Specific
Expression and Enables Improved Prolonged Efficacy
              Durable efficacy in rodents vs ubiquitous                                 Cell-selective dual AAV expression
                      promoter (competition)                                                  in non-human primates

                                                                                                                                       Myo7a
                                                               AAV-smCBA-hOTOF      Hair Cells (Target)                                 DAPI
Sensitivity

                                                                                                                                         GFP

                                                                 DB-OTO

                Normal Range

                               Weeks After AAV Injection

                      Emerging safety data in eye confirms importance of cell-selective transgene expression. Xiong et al (2019) PNAS

                                                                                                                                 C O N F I D E N T I A L | 13
DB-OTO Clinical Development
Expedited path through committed partnership with largest characterized OTOF cohort

                                                                          149 Patients with
                                                                          Confirmed Biallelic
           Timeline To Clinical POC                                       OTOF Mutations
                                                                          Identified in Spain
    2020                  2021                         2022

           CMC, Process, Analytical,           Stability, Supply,
                                                                          Centralized Genetic
               Manufacturing                      Distribution            Diagnosis with PI
                                       CTA
                       GLP Tox           IND
                                                                     Profound Congenital Deafness
                                                  Clinical Trials

                    Patient registry

                                                                         Natural History Study
                                                                         Ongoing with Patients

                                                                                    C O N F I D E N T I A L | 14
Regenerative Medicines
Vestibule

     DB-ATO for Regeneration of Vestibular Hair Cells
   F-actin
         Atoh1+/+
             Atoh1-/-
                                                  • Product: DB-ATO is an AAV gene therapeutic; deliver ATOH1
                                                    with proprietary support-cell promoter
                                                  • Biology: ATOH1 is a bHLH transcription factor expressed in
   Myo7a (HC marker)                                developing hair cells, required for hair cell differentiation
         Atoh1-/-                                 • Mechanism: DB-ATO converts supporting cells into hair cells
                                                  • Indications: Balance disorders caused by chemicals or age
                                                       – Severe Indication: Bilateral Vestibulopathy
                                                            – 80% loss of vestibular hair cells; 130K in US, EU5

 DB-ATO
                                                       – Broad Indication: Age-related balance disorders
               SC-specific   ATOH1   WPRE polyA
                                                            – 15M in US

                                                                                                                   C O N F I D E N T I A L | 16
Vestibule

     DB-ATO Robustly Regenerates Type 2 Vestibular Hair Cells In Vivo
    Support cell-
selective expression                                                         Hair Cell Regeneration w DB-ATO
                                                                                 Control           + DB-ATO
    Off-target
    region                                                                     Contralateral ear   Treated ear
                                                HC marker
                                                Pou4f3 (nucleus)
                               C57Bl/6 mice

                                                                   Utricle
                               6-9 wko males

    Pou
    Hair
    4f3 cells
    GFP
                       •   Vestibular hair cells killed w IDPN
    Off-target         •   14d after IDPN, DB-ATO delivered
    region
                           unilaterally
                       •   14d after DB-ATO, hair cells were
                           assessed

                                                                   Crista
                                                                                                         C O N F I D E N T I A L | 17
Vestibule

     DB-ATO Development Path to IND, Clinical Trials

                    Efficacy in rodent models              Identical tests in humans
                         Electrophysiology                        Physiology

                              VOR                                  VOR
        In Vivo                                 DC Q121
     Regeneration
                                                IND 1H22
         Q4 19

                         Balance Function                      Mobility and Vision

                                                                                       C O N F I D E N T I A L | 18
Cochlea

                        Regeneration of Cochlear Outer Hair Cells for Restoration of Hearing
                        AAV.RF301 Converts IHCs to OHCs
                           Single-cell genomics defines targets                                   AAV.RF301 Overexpresses RF301 and
                               to direct outer hair cell fate                                          converts IHCs to OHC fate
                                                                       Hdac3        1
                                                                       Kdm4a

                                                                                                              Untreated Ear
                                                                       Mtpn
                                                                       Htatip2
                                                                       Dnmt3a
                                                                       Mlxip
                                                                       Foxo3        0.8
                                                                       Foxn3
                                                                       Prnp
                                                                       Sall1
                                                                       Pknox2
                                                                       Klf9
                                                                       Rora
                                                                       Six2         0.6
                                                                       Trps1
                                                                       Actn4
                                                                       Mef2a
                                                                       Pdcd11
                                                                       Nfkb1

                                                                                                                                             AAV.RF301
                                                                       Hlcs
                                                                       Zfp410
                                                                       Banp         0.4
                                                                       Zbtb7b
                                                                       Esrra
                                                                       E2f3
                                                                       Zfp740
                                                                       Zkscan3
                                                                       Creb3l1
                                                                       Ighm         0.2
                                                                       Zfp324
                                                                       Arnt
                                                                       Lig1
                                                                       Elk3
                                                                       Zbtb40
                                                                       Crem
                                                                       Smarca2
                                                                                    0
                                                                       Nfatc2
                                                                       Rest
                                                                       Nfib
                                                                       Zfp608
                                                                       Nfix
                                                                       Smad7

                                                                                                                                      OHCs
                                                                       Mafk
                                                                       Adarb1

                                                                                          RF301
                                                                       Irf6
                                                                       Nacc2
                                                                       Rorb
                                                                       Bhlhe40
                                                                       Ikzf2
                                                                       Jun
                                                                       Zfp423
                                                                       Nr3c1
                                                                       Tppp
                                                                       Cat
                                                                       Zfp637
                                                                       Zfp777
                                                                       Kmt2a
                                                                       Nr2f2
                                                                       Zfp592
                                                                       Pura
                                                                       Zfp365

                                                                                     OHC
Transcription factors

                                                                       Zbtb46
                                                                       Zfp654
                                                                       BC005561
                                                                       Zfp516
                                                                       Cic
                                                                       Zhx3
                                                                       Rxra
                                                                       Zfp106
                                                                       Zfp277
                                                                       Thra
                                                                       Tmem33

                                                                                  candidates
                                                                       Zc3h7a
                                                                       Srrm3
                                                                       Pds5a
                                                                       Zbtb4
                                                                       Ube2k
                                                                       Ctbp2
                                                                       Id4
                                                                       Srebf1
                                                                       Nfat5
                                                                       Ddit3

                                                                                                                                      IHCs
                                                                       Sall3
                                                                       Mdm2

                                                                                                      Prestin
                                                                       Srebf2
                                                                       Gtf2i
                                                                       Prdx5
                                                                       Smap2
                                                                       Zbtb7a
                                                                       Zfp618
                                                                       Gata3
                                                                       Irf9
                                                                       Mef2d

                                                                                                      Phalloidin
                                                                       Taf1
                                                                       Zfp523
                                                                       Kdm2a
                                                                       Abcf2
                                                                       Zfp398
                                                                       Zfp638
                                                                       Hmg20a
                                                                       Msi2
                                                                       Nmral1
                                                                       Tead1
                                                                       Tead2
                                                                       H2afy
                                                                       Irx3
                                                                       Ezh2
                                                                       Rfxap
                                                                       Sox9
                                                                       Tgif2
                                                                       Egr4

                                                                                                         AAV-RF301 Treated Ear
                                                                       Egr3
                                                                       Npas4
                                                                       Sox11
                                                                       Fhl2
                                                                       Prox1
                                                                       Sox2
                                                                       Cers2
                                                                       Gm10093
                                                                       Dazap1
                                                                       Dnajc21
                                                                       Isl1
                                                                       Ran
                                                                       Ebf1
                                                                       Atoh1
                                                                       Hes6
                                                                       Rpl35
                                                                       Rps10
                                                                       Psma6
                                                                       Akr1a1
                                                                       Barhl1
                                                                       Smarca5
                                                                       Ruvbl1
                                                                       U2af1
                                                                       Gtf2a2
                                                                       Zfp428
                                                                       Ssbp3
                                                                       Zfp326
                                                                       Nuak1
                                                                       Pknox1
                                                                       Cyb5r1
                                                                       Tceal5
                                                                       Msra
                                                             Hdac3     Cers6
                                                                       Zmat4  1
                                                             Kdm4a     Bcl11b
                                                                       Npdc1
                                                             Mtpn      Bcl2
                                                             Htatip2   Ybx1
                                                                       Stub1
                                                             Dnmt3a    Zmat2
                                                                       Zfp667
                                                             Mlxip     Yeats4
                                                             Foxo3     Tfdp2
                                                                       Hnrnpa10.8
                                                             Foxn3     Tfdp1
                                                             Prnp      Rbm17
                                                                       Hmgn3
                                                             Sall1     Lhx3
                                                             Pknox2    Cers4
                                                                       Ugp2
                                                             Klf9      Bax
                                                             Rora      Mrps25
                                                                       H1fx
                                                             Six2      Nap1l1 0.6
                                                             Trps1     Pax2
                                                                       Traf4
                                                             Actn4     Mcm6
                                                             Mef2a     Neurod6
                                                                       Rab2a
                                                             Pdcd11    Cd59a
                                                             Nfkb1     Ptcd1
                                                                       Klf7
                                                             Hlcs      Las1l
                                                             Zfp410
                                                             Banp
                                                                       Cdk2ap1
                                                                       Mycl
                                                                       Nono
                                                                       Zfp330
                                                                              0.4
                                                             Zbtb7b    Insm1
                                                             Esrra     Irx2
                                                                       Id1
                                                             E2f3      Id2
                                                             Zfp740    Magoh
                                                                       Nr2f6
                                                             Zkscan3   Zbtb20
                                                             Creb3l1   Diablo
                                                                       Gar1   0.2

                                                                                                                                      IHCs expressing the
                                                             Ighm      Snrpb2
                                                             Zfp324    Rps4x
                                                                       Zmiz1
                                                             Arnt      Hnrnpc
                                                             Lig1      Nr2f1
                                                                       Rbpj
                                                             Elk3      Lsm6
                                                                       Hmgb2
                                                             Zbtb40    Tbpl1
                                                             Crem
                                                             Smarca2
                                                                              0

                                                                                                                                      OHC marker, Prestin
                                                             Nfatc2
                                                             Rest
                                                             Nfib
                                                             Zfp608

                                      Pseudotime
                                                             Nfix
                                                             Smad7
                                                             Mafk
                                                             Adarb1
                                                             Irf6
                                                             Nacc2
                                                             Rorb
                                                             Bhlhe40
                                                             Ikzf2
                                                             Jun
                                                             Zfp423
                                                             Nr3c1
                                                             Tppp                                                                             C O N F I D E N T I A L | 19
                                                             Cat
                                                             Zfp637
                                                             Zfp777
                                                             Kmt2a
DB-020 for ototoxicity
DB-020 for Cisplatin Ototoxicity: Clear Path to Value Inflections
POC in ~40 Patients; Single Registration Study                           “Better than dead? At this point,
                                                                       I’m wondering…..hearing loss and
DB-020 Provides Broad Protection against Cisplatin-induced                 this constant tinnitus is life-
                                                                         changing, far more than having
Hearing Loss                                                                          cancer.”
• 260k cisplatin patients/year in US/EU5/ Japan
• ~80% adults, >50% children
     –   permanent hearing loss; tinnitus, hyperacusis, balance loss
• Validated mechanism: sodium thiosulfate inactivates cisplatin;
  100% hearing protection in preclinical models
• Office-based injection; proprietary formulation

                                                                                               C O N F I D E N T I A L | 21
DB-020 Program: Fast Path to Human POC and Product Registration
                     2019           2020                    2021             2022
                                                     I.A.          LPO

               Phase 1A              Phase 1B POC (AU/US)                    Registration trial

Phase 1A, Human PK, Safety,           Phase 1B, Human POC
Tolerability                          • DB-020 administered 3hrs before
• DB-020 administered locally,           cisplatin
    feasibly
                                      • Placebo in contralateral ear
• Well tolerated, mild TEAEs, no
    auditory findings                 • IV cisplatin, 21-28d
• Systemic exposure 20x below         • Any tumor type
    cisplatin efficacy inhibition     • Safety, tolerability
                                      • Opportunity for strong audiometric
                                         efficacy signal
                                                                                                  C O N F I D E N T I A L | 22
Decibel Therapeutics: Leading Company, Emerging Field

                          • Major opportunities in hearing and balance
                          • Differentiated precision gene therapy
                            platform: state-of-art for ear
                             – Gene replacement
                             – Regenerative medicines
                          • Restoration of hair cell functionality: cellular
                            focus of pathology, validated mechanisms
                          • Demonstrated drug development and
                            delivery capabilities for inner ear diseases

                                                                    C O N F I D E N T I A L | 23
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