Adjuvance 2021: Progressing adjuvant and vaccine development

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Adjuvance 2021: Progressing adjuvant and vaccine development
Adjuvance 2021:

Progressing adjuvant and vaccine
          development
Adjuvance 2021: Progressing adjuvant and vaccine development
Adjuvance at a glance

• Developing next-generation      • Dual value
  saponin adjuvants and             • Adjuvant platform out-licensing
  vaccines                          • Internal vaccine development
  • Strong immune stimulation     • Adjuvant platform discussions
  • Favorable tolerability and      with > 20 partners
    manufacturing
                                  • Adjuvant & vaccine expertise on
• TQL-1055 Phase 1 results
                                    team & boards
  with pertussis vaccine; Phase
  1 with shingles vaccine in      • Series B financing H1 2022
  2022
Adjuvance 2021: Progressing adjuvant and vaccine development
Saponin adjuvants are proven in
high-value and global health vaccines
                                  Saponin

MATRIX-M™            QS-21                            TQL-1055

                       TLR4+liposome

                                             >$2
                                                             Adjuvance
                     AS01
                                            billion        lead candidate
                                            sales
       COVID-19 /
       Influenza /           Shingles /
         malaria             Malaria / TB

                                                                 Shingles: GSK annual report
Adjuvance 2021: Progressing adjuvant and vaccine development
Some saponin adjuvants present
                                a mixed profile
                    Highly effective                                           Poor tolerability
                     Shingles vaccine efficacy comparison                      Shingles vaccine tolerability comparison
                   100
                    90                                                              Adverse
                    80                                                                              Placebo       Shingrix®
                                                                                   Event (AE)
Vaccine efficacy

                    70
                    60
                    50                                                            Any solicited      34%             84%
                    40                                                                AE            (32-35)         (83-86)
                    30
                    20
                    10                                                            Solicited local    12%             81%
                     0                                                                  AE          (11-13)         (80-82)
                         1      2          3   4      5      6      7      8
                                       Years since vaccination
                                                                                     Grade 3
                         Live attenuated       Recombinant AS01 adjuvant                             3.1%           16.5%
                         Zostavax®             Shingrix®
                                                                                       AE
Adjuvance 2021: Progressing adjuvant and vaccine development
TQL-1055: Optimized saponin adjuvant

• Simplified, stabilized version of QS-21
• Semi-synthetic entity designed to improve tolerability

QS-21                                  TQL-1055
Adjuvance 2021: Progressing adjuvant and vaccine development
Sustainability and manufacturing
                   efficiency limits
                              Saponin

                MATRIX-M™     QS-21          TQL-1055

  Limited by                     TLR4+liposome
terminal bark
   harvest             AS01                      Sustainable,
                                                  efficient,
                                                  scalable
Adjuvance 2021: Progressing adjuvant and vaccine development
TQL-1055 has multiple advantages

                     Other saponins         TQL-1055
   Adjuvanticity        Excellent            Excellent
    Tolerability          Poor               Improved
  Source materials      Limited             Expanded
       Yield              Low               Increased
       Purity            Mixed                 High
      Stability         Limited             Increased
   Manufacturing          Low               Increased
     efficiency
  Doses per year           ?                   ~3B
    Regulatory          Accepted      Phase 1 clinical results
Adjuvance 2021: Progressing adjuvant and vaccine development
Foundation of value is next generation
        saponin adjuvant, TQL-1055
  Vaccines                                                                     Immuno-oncology

                         Pertussis                             Malaria,
             Available                   Shingles
                         COVID                                 TB, etc.
                                         vaccine
             Adjuvants   flu

                         Multiple out-                         Multiple out-
Antigen                                    gE                                    Combination
                          licensed                              licensed
                                                                                  adjuvant
 Other       Multiple                                                           TLR9 agonist
adjuvant     available                                                              (?)
                                                Combination adjuvant
 TLR4
             Multiple                                          TLR4 agonist
agonist
             available
adjuvant

Saponin      QS-21 /
                                                    TQL-1055
adjuvant     Matrix-M
Adjuvance 2021: Progressing adjuvant and vaccine development
TQL-1055: Improved tolerability

• Hemolysis associated with QS-21,
  but not TQL-1055

• Weight loss associated with QS-21
  containing vaccines, but not vaccine
  containing TQL-1055

• NOAEL of > 2000 mcg/dose
Adjuvance 2021: Progressing adjuvant and vaccine development
TQL-1055: Functional response in COVID
                                                                    SARS-CoV-2 sVNT IC 50 Inhibition:
                                                                                 S.C. Injection

                                                        16384

        IC 5 0 In h i b it io n (1 / d il u ti o n )
                                                         4096

                                                         1024

                                                          256

                                                            64

                                                            16

                                                                4

                                                                1

                                                       SARS-CoV-2 FL 1μg            1μg +     1μg +     1μg +
                                                                                  10μg 1055 30μg 1055 100μg 1055

                                                                                 After a second dose
                                                                                                                   TQL1055: PRO-5-01-001
TQL-1055: Influenza response with
      128-fold      less
        Anti-H3N2 Total       antigen
                        IgG Endpoint
                   Post Dose 2
                                     Titers

                                                                                      ✱
                                                10 8
                                                                                ✱

                                                                         ✱✱
                                                10 7                ✱✱

                               Endpoint Titer
   Post Dose 2 (D28)
   Influenza A/H3N2

                                (1/dilution)
                                                10 6
                       Anti-H3N2
                          IgG                   10 5

                                                10 4
                                                                                                                 Initial Dilution

                                                10 3
                         A/H3N2 HA dose, mcg                4.5          0.28        0.14      0.07      0.03

                                                                     L1 CS

                                                              µg L10 S

                                                                     L1 CS

                                                                              S
                                                                               k
                                                                            lo

                                                                            C

                                                                            C
                                                             -           16x          32x       64x      128x
                                                    uB

                                                                        55

                                                                          5

                                                                 TQ 55

                                                                          5
                           HA Dose reduction
                                                                       05

                                                                       05
                                                                      10
                                                  Fl

                          TQL1055 dose, mcg                  -           30           30        30        30
                                                                     L
                                                µg
                                                       TQ

                                                                   Q

                         Geometric Mean Titer              290627  Q 932868         1276401   1197516   861372
                                                                 T

                                                                 T
                                                                                                                                    ****P ≤ 0.0001; ***P ≤ 0.001; **P ≤ 0.01; *P ≤ 0.05
                                        5
                                      4.

                                                  µg

                                                              µg

                                                               g
                                                       ok 0 µ
                                            30

                                                       30

                                                           30
                                                           3
                                         +

                                                       +

                                                         +

                                                         +
                                   ok

                                                 ok

                                                           ok
TQL-1055 combined with TLR4
elicits response similar to AS01

  gE Antigen dose, mcg   5       5        5        5
   TQL1055 dose, mcg      -     low      high      -
         TLR4 agonist     -      +        +        -
                 AS01     -      -        -        +      *P ≤ 0.05
                 GMT     949   336323   524413   475612
Pipeline of vaccine candidates

                           Pre-
              Discovery              Phase 1
                          clinical

  Pertussis
                 ✓          ✓        ✓2021
   (PAVA)

  Shingles       ✓          ✓         2022
Pertussis acellular vaccine adjuvanted (PAVA)
                             Phase 1
            Interim Data Summary and Conclusions

• Study enrolled 72 healthy adults 18 – 50 years of age; >3 year post pertussis booster
• Escalating TQL-1055 doses from 25 – 800 mcg with a commercial pertussis vaccine
• Control = commercial pertussis vaccine alone
• PAVA was well tolerated at doses up to 800 mcg
• PAVA’s safety profile was similar to the commercial vaccine
• Local and systemic reactions were predominantly mild
• An anti-pertussis toxin response was observed in all groups 28 days after the single dose
Shingles vaccine

Our promise:                            Our progress:
Better tolerated shingles vaccine       Phase 1 planned for 2022
  Adverse
                  Placebo   Shingrix®
 Event (AE)                                Pre-IND    ✓ 2020
                                           meeting
 Any solicited     34%        84%
     AE           (32-35)    (83-86)

Solicited local    12%        81%                    Toxicology   ✓ 2021
      AE          (11-13)    (80-82)

   Solicited
   Grade 3         3.2%      17.0%
     AE                                                           Phase 1   • 2022
Experienced Management Team
                     Tyler Martin, MD, CEO
             Accomplished adjuvant and vaccine developer
              FluAd® with MF59; Heplisav® with CpG 1018

                Sean Bennett, MD/PhD, CMO
             Aeras, Dynavax, Aimmune, PaxVax, Emergent

                   Pat Frenchick, PhD, CSO
                         Adjuvant immunologist

    Melissa Malhame, MBA, VP Business Development
              Merck, Dynavax, Gavi, The Vaccine Alliance

                 Stephan Schulze, MBA, CFO
        Experience with public and private life science companies
Scientific Advisory Board

Stanley Plotkin, MD, Chairman                             Margaret Liu, MD
•Formerly Professor, Penn & Wistar Institute              •Pioneer of nucleic-acid vaccine development
•Executive Advisor, Sanofi Pasteur                        •Adjuvance director
•Chair, Infectious Disease Committee, AAP
•Chair, MID Research Committee, NIH
•Editor, Vaccines
•Developer of rubella vaccine
•Co-Developer: polio, rabies, varicella, rotavirus, cmv

Greg Poland, MD                                           Phil Livingston, MD
•Director, Mayo Clinic Vaccine Research Group             •Cancer Vaccine Pioneer, MSKCC
•Editor in Chief, Vaccine                                 •Adjuvance Co-Founder
Board of Directors

  Tyler       Isaac           Margaret          Stephen        Ken Kelley
Martin, MD,   Cheng, MD       Liu, MD           Dilly,         • Former CEO
Chairman      • Morningside   • Nucleic-acid    MBBS/PhD         PaxVax
                Ventures        vaccine         • CEO Sierra
                                pioneer,          Oncology,
                                global health     Former CEO
                                expert            Aimmune,
                                                  Former
                                                  CMO Chiron
Company Value
Dual approach to value creation:

                                   Out-
 Internal Vaccine
                                   licensing
   Development
                                   adjuvants

                                        Upfront,
    Sales revenue                      milestones,   Infectious
                                        royalties     disease,
                      Infectious
                       disease
                                                     Immuno-
                                         Supply      oncology
   Licensing fees,                     agreement
      royalties                         revenue
Development Plan

    TQL-1055                                      TQL-1055 combination adjuvant(s)

✓ IND enabling studies                            ✓ IND enabling studies
✓ GMP manufacture                                 ✓ GMP manufacture
✓ First in human trial                            • First in human trial (planned 2022)
    ✓ Dose escalating RCT in infectious disease       • Dose escalating RCT in infectious disease
• Available for out-licensing partnerships        • Internal product development focused
    • Several under discussion                    • Potential out-license with supply agreement
• Out-license with supply agreement               • Targets: infectious disease, immuno-oncology,
• Target: infectious diseases                       neurobiology, substance abuse vaccines,
                                                    allergy vaccines
Finances
• Adjuvance is pre-revenue
• Awarded $3.5 M in non-dilutive grants/contracts
• Out-licensing partnerships under discussion

• Closed $24 M paid-in capital ($20 M Series A round in 2019)
Thank you!
         Tyler Martin, MD
    Chairman, President & CEO
tyler@adjuvancetechnologies.com
        Tel: (402) 817.5050
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