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ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
ADVANCING INNOVATION
             TOWARDS BREAKTHROUGH
                  CANCER THERAPIES

LISTED
EURONEXT │ Paris
NASDAQ │ Copenhagen          April 2019

EPA: ONXEO
ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
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ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
Developing disruptive therapies in the field of tumor DNA Damage                                         3
           Response (DDR) to address unmet needs in oncology

DIFFERENTIATED SCIENCE IN DNA DAMAGE                                  STRONG SCIENTIFIC, TRANSLATIONAL
RESPONSE                                                              & CLINICAL CAPACITY
  AsiDNA™, lead candidate at clinical stage,                          A highly skilled & experienced team of 35,
  first‐in‐class agonist showing unique anti‐                         with in‐house capabilities to lead
  tumoral properties                                                  compounds from preclinical to proof‐of‐
  PlatON™, proprietary chemistry platform of                          concept in man
  decoy oligonucleotides, generating
  new compounds

A WELL‐DEFINED BUSINESS MODEL                                         NEXT KEY MILESTONES FUNDED
Create value through partnerships & product     LISTED                Financial resources (€13m at 09/30/2018)
in‐licensing and monetize these assets to       EURONEXT │ Paris      to support strategic plan, delivering near‐
                                                NASDAQ │ Copenhagen
generate revenues.                                                    term clinical inflection points
                                                EPA: ONXEO
ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
An experienced management team and board of directors                                                                4

                                                                  JOSEPH ZAKRZEWSKI
                                                                  Chairman of the Board
                                                                  Former VP Corp. Development, Eli Lilly
                                                                  & Venture Partner, Orbimed
JUDITH GRECIET (PHARM.D), CEO
(formerly Pharmacia, Wyeth, Eisai)                      JUDITH GRECIET                 DANIÈLE GUYOT‐CAPARROS
                                                        CEO                       Senior Advisor Deloitte Consulting
        FRANCOISE BONO (PHD), CSO                                                     Chairman of Audit committee
                    (Sanofi, Evotec)
                                                        CHRISTINE GARNIER                            ELVIRA SANZ
OLIVIER DE BEAUMONT (MD), CMO                           Co‐Founder of AEC Partners          Former President Pfizer
(Aventis, Quintiles, Stallergenes Greer)                Strategic consulting                     Spain & Portugal

              NICOLAS FELLMAN, CFO                      NICOLAS TREBOUTA                   THOMAS HOFSTAETTER
                (Pfizer, Ernst & Young)                 representing Financière      Former head of VaxInnate Corp
                                                        de la Montagne                  Chairman of BD committee
PHILIPPE MAITRE, EVP, CBDO
(Aventis, PPD, mAbRx)                                   JEAN‐PIERRE BIZZARI                    JEAN‐PIERRE KINET
                                                        Former EVP Clinical                         Immunologist,
                                                        Oncology Celgene                    Harvard Medical School

                            Demonstrated track record in product development
                                    as well as business development
ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
Onxeo: a differentiated financing model, both demanding and                                                                      5
      rewarding
                                                                         BIOTECH FINANCING MODEL
Biotech model is different from traditional
services or product industries                              DISCOVERY/ ACQUISITION
                                                             PRECLINICAL ACTIVITIES
                                                                                                   ROYALTIES
Investment during the development phase,                                     1                $$     $$
ROI comes from monetization of assets                                INVESTMENT                                          Post‐market
through partnerships, licenses, royalties
                                                                          RE‐INVESTMENT   $$                           Continued
Key factors of success                                                                                               development to
                                                                                                                         market
  Flawless development design to build a convincing data                   REVENUE
                                                                                          3        PARTNERSHIP,
  package for potential partners
                                                                 2   INVESTMENT                      LICENSE
  Thoughtful selection of priority indications for early                                       $$      $$      $$   $$
  clinical development, such as orphan indications or        EARLY‐STAGE
                                                                                                       UPFRONT,
  acute unmet needs, to accelerate ROI                         CLINICAL                               MILESTONES
                                                            DEVELOPMENT
  Disciplined allocation of cash towards value‐generating
  development activities, careful control of overhead
ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
Leading‐edge R&D pipeline with unique mechanisms of action in DDR                                                                                                                                 6

                              Programs                                                 OPTIMIZATION          PRECLINICAL          PHASE I            PHASE II           PHASE III          MARKET

                              platON™ Proprietary Platform                               GENERATION OF DISRUPTIVE COMPOUNDS TARGETING DNA‐BINDING FUNCTIONS
                              OX402 in Q1 2019
      DNA Damage Response
      Decoy Oligoucleotides

                              AsiDNA™ + radiotherapy
                              Local (IT) administration.                               DRIIM study in metastatic melanoma

                              AsiDNA™
                              Systemic (IV) administration.
                                                                                       DRIIV study in solid tumors

                              AsiDNA™ + PARPi                                          Solid tumors

                              AsiDNA™ + chemotherapy                                   Solid tumors
           Epigenetics

                              Beleodaq®2                                               2nd line PTCL3                                                                                         US4

                              belinostat + platON™                                     Solid tumors

1 IT: intratumoral – IV: intravenous                                                      4 Commercialized in the US by Spectrum Pharmaceuticals (SPPI) Onxeo’s partner and holder of the conditional
2 Beleodaq®: commercial brand name of belinostat (IV form) in the     US in r/r PTCL        market authorization from the FDA for the use of Beleodaq® in the treatment of 2nd line PTCL
3 4 PTCL : Peripheral T‐cell lymphoma – a rare form of blood cancer
ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
Sustained interest from pharma companies for very innovative and                                                                                                 7
              promising early‐stage projects in oncology
   Most deals are signed after Phase I as the product has                                                      DNA‐related projects are the new and upcoming field of
   proven its safety and before the commitment to a Phase III                                                  interest, with the rarity of quality projects generating high
   Phase II i.e. ‘proof‐of‐concept’ stage offers the best                                                      deal values, on par with immuno‐oncology
   risk/reward balance to both pharma and biotech companies                                                   1200     $m total deal value

                $m total deal value                                                                           1000
                          1800
                          1600           Ph1                 Ph2                 Ph3                                              AsiDNA™
                                                                                                               800
                          1400                                                                                                      field
           3rd quartile   1200                                                                                 600
                          1000
                           800
           1st quartile                                                                                        400
                           600
                           400
                                                                                                               200
                           200
Mean upfront payment ($m)                      83                  121                 63
                             0
                                                                                                                 0
      Nb. of deals in Oncology              1 24               224                3
                                                                                  17
      Deals with published
                                             7/ 5             14/ 12              8/8
      financials / upfront

                                                Phases I and II drive the highest deal values
                             Onxeo analysis based on Clarivate Cortellis databse,. Public data with published values only ‐ 2013‐2017 by phase – 2014‐2018 by field
ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
AsiDNA™ is a first‐in‐class product in DNA Damage Response                                                                                                          8

                  A synthetic cholesterol‐oligonucleotide conjugate forming an intramolecular hairpin
                  32‐base pair double helix

                                      Active 32 bp DNA duplex
                            Genomic DNA length optimized to bind and
                                                                                                                                                 Cholesterol
    IP
                            activate DNA‐PK and PARP signaling enzymes                              3’                           5’     Efficient tumoral and nuclear uptake
                                                                                                                                        of the DNA is mediated via a
                            Phosphorothioate substitutions at the 5’ and 3’
                                                                                                                                        covalently linked cholesterol
 Patent Protection          ends to prevent degradation1
                                                                                                                                        molecule2
   (Composition of          Double‐stranded 32 bp DNA is tethered with a loop
Matter on AsiDNA™ &         to prevent disassociation1
 related compounds)         Sequence not specific, chosen to be non‐
    until 2031.             homologous and not immunogenic (CpG‐free)                                                            3’
                                                                                                      5’
                            Molecular weight: 22’359.2 daltons                                                                        Loop
Extendable to 2036
 with SPC & PTE.

                        Robust GMP manufacturing process scaled up to 1.7kg, long shelf stability
                        No formulation needed to achieve sufficient plasmatic and tumor exposure after
                        intravenous administration confirmed in vivo as well as in DRIIV‐1 trial

                                            1.   Quanz M, et al. PLoS ONE. 2009 4(7), doi: 10.1371/journal.pone.0006298
                                            2.   Berthault N, et al. Cancer Gene Therapy (2011), 1‐12, doi: 10.1038/cgt.2011.3
ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
AsiDNA™ is the only decoy agonist in development that disrupts and                                                                        9
            exhausts the tumor DNA Damage Response
    AsiDNA™ mimics DNA breaks in the tumor cell, hyperactivates and then binds the proteins needed for the DDR cascade of
    cellular events (sensing, signaling and repairing), diverting the DDR proteins away from the true damage. 1,2,3
    AsiDNA™ is not a targeted DDRi (as other DDRi currently in development): it acts upstream of the DDR cascade on multiple
    repair pathways, is active regardless of genetic mutations and does not induce resistance in tumor cells
    AsiDNA™ is potentially complementary to other anti‐cancer agents, including other DDR targeted therapies

1   AsiDNA™ sends false alarms                                                                      3 Actual tumor DNA damage is not
    throughout the tumor cell nucleus
                                                                                                          repaired and accumulates: cancer cells
    (decoy) and then activates and binds
                                                                                                          die when dividing with a damaged DNA.
    key components of the DNA Damage
    Response.

2   This sustained artificial DNA damage
    signaling (agonist effect) leads to
                                                                                                          AsiDNA™ is not active in healthy cells
    exhaustion of the tumor DNA repair
                                                                                                          which stop dividing until the false alarm
    machinery
                                                                                                          disappears.

                          1.   Quanz M, et al. Clin Cancer Res 2009 15:1308‐1316;
                          2.   Quanz M, et al. PLoS ONE. 2009 4(7), doi: 10.1371/ journal.pone.0006298;
                          3.   Jdey W, et al. Oin Can Res. 2016;22:DOI: 10.1158/ 1078‐0432.CCR‐16‐1193
ADVANCING INNOVATION TOWARDS BREAKTHROUGH CANCER THERAPIES - LISTED EURONEXT Paris NASDAQ Copenhagen - onxeo
AsiDNA™

Clinical data and
     perspectives
AsiDNA™ differentiating features validated in both preclinical and                                              11
clinical studies*

    Preclinical package confirming unique properties of AsiDNA™ alone and in combination*
           Repeated treatment with AsiDNA™ leads to sensitization to AsiDNA™ and does not generate resistance
           Resistance to PARPi treatment is prevented by co‐treatment with AsiDNA™
           Strong synergy of AsiDNA™ in combination with PARPi
           Strong synergy of AsiDNA™ in combination with carboplatin

           Efficacy and safety demonstrated in man via local administration
          Proof‐of‐mechanism and activity in man via IV administration
               59% Overall RR in metastatic melanoma (AsiDNA™ + radiotherapy) via IT route
               Active doses at 400 and 600 mg via IV

       Favorable safety profile

           No drug‐related serious adverse events
           No MTD

                             *Data published, submitted for publication or on file at Onxeo
DRIIM study: demonstration of an anti‐tumoral efficacy                                                                                                         12

Proof of concept established in completed DRIIM Phase I trial1:
Intratumoral administration + radiotherapy in metastatic melanoma
   Overall response rate = 59%3
   Complete response = 30%3 (CR from low‐dose radiotherapy alone less than 10%2)
   Partial response = 29%3
   Durable response (up to 12‐month follow‐up period)

                                Before treatment                         90 days after treatment

    IT administration of AsiDNA™: confirmed safety, signal of efficacy, systemic passage suggested

                                                   Evaluation of AsiDNA™ via intravenous administration in solid tumors

                    1.   Le Tourneau et al. Br J Cancer. 2016 May 24;114(11):1199‐205 ; 2. Olivier et al., Cancer 2007; Konefal et al., Radiology 1987 ; 3. % of lesions
DRIIV‐1 study: evaluating AsiDNA™ via IV administration
                                                                                                                                                                     13
           DNA Repair Inhibitor administered IntraVenously in patients with advanced solid tumors
           (in patients failing previous anticancer therapies)
                                  APRIL 2018                                 Q4 2018                                             H1 2019
PHASE I                           FIRST PATIENT DOSED                        BIOACTIVITY                                         END OF STUDY
 Open‐label, 3+3 dose
  escalation                                                                                                                       1800 mg
                                                                  ACTIVE DOSES                                      1300 mg      Dose Level 6
 2 European countries: FR, BE                                                                      900 mg        Dose Level 5
 5 centers: Paris(2),Toulouse,                                                 600 mg          Dose Level 4
                                                             400 mg          Dose Level 3         6 patients
  Lyon, Brussels
                                        200 mg           Dose Level 2          3 patients
 Study coordinator: Pr. C. Le                                                                 Last tested dose
                                  Dose Level 1              4 patients
  Tourneau (Institut Curie)
                                      3 patients
 DSMB
                                                                      November 5, 2018

                                       1‐hour IV infusion
TREATMENT SCHEDULE                DAY      1     2   3                   8                         15                 21          CYCLE 2 and beyond : once a week
                                                                                     CYCLE 1

OBJECTIVES                              To determine dose‐limiting toxicities (DLTs) and the maximum tolerated dose (MTD)
                                        To evaluate the pharmacokinetics/pharmacodynamics (PK/PD) effects of AsiDNA™ based on biomarkers of activity in
                                         blood and in tumor tissues

                                  Compelling safety & activity observed as early as dose level 2
DRIIV‐1 study: interim results (DL1 to DL3 completed)                                                        14
Safety

  AsiDNA™ 200mg (DL1), 400 mg (DL2) & 600 mg (DL3)
  (n = 10 patients / infusions = 112)
                                                                                           Drug‐related AE
    No drug‐related serious adverse events
    No dose‐limiting toxicity                                                                     Grade 1
                                                                                                  Grade 2
    No cumulative relevant safety
    Only grade 1 & 2 drug‐related adverse events
    Maximum tolerated dose not reached

  AsiDNA™ favorable safety profile confirms positive regulatory toxicity studies
    No genotoxicity
    No issue in regulatory toxicity studies, incl. 4‐week study in animal (NOAEL: 100 mg/kg)
    Maximum tolerated dose not reached

 Favorable safety profile at active doses providing a comfortable therapeutic window

                                        Source: Onxeo, data on file
DRIIV‐1: interim results (DL1 to DL3 completed)                                                15
Pharmacokinetics
    Dose proportionality across the 3 dose levels

                                                             Dose    Cmax     AUC (t0‐tlast)
                                                             (mg)   (µg/mL)    (µg.h/mL)
                                                             200     41,8        110,9
                                                             400     76,9        161,6
                                                             600     129,4       247,1

     Cmax and AUC are increased proportionally and consistently with dosing

                            Source: Onxeo, data on file
DRIIV‐1: interim results (DL1 to DL3 completed)                                                                                                                       16
               Pharmacodynamics ‐ Proof‐of‐Mechanism in man
   Analysis of the first 3 dose levels out of 6 planned
                                                                                                 Target engagement confirmed by significant increase
   10 patients
                                                                               Activity             of activity biomarkers* from dose level 2 and 3
   4 biopsies available at baseline and end of cycle 2
                                                                                                      = Proof‐of‐Mechanism of AsiDNA™ in man

                                                                                                                      Activity biomarkers                      Activity biomarkers
               Tumor proliferation                       Tumor proliferation
                                                                                                   DL2 : 400mg         H2AX       pHSP90       DL3 : 600mg    H2AX       pHSP90
                  biomarker                                 biomarker
DL2 : 400mg           KI67             DL3 : 600mg                KI67                             Patient 0106                             Patient 0202                
Patient 0106                          Patient 0202                                              Patient 0109                              Patient 0301            
Patient 0109                          Patient 0301                
                                                                                                                                 Significant increase after treatment with AsiDNA™
                                                                                                                                 Major increase after treatment with AsiDNA™

   Decrease or stabilization of tumor proliferation                             Tumor
               rate from dose level 2 and 3                                     status

                                            Robust target engagement in patients’ tumors demonstrates
                                                           AsiDNA™ activity via IV route
                             Source: Onxeo, data on file
                             * H2AX and pHSP90 are two established biomarkers of the activation of DNA‐PK, a key DDR enzyme and a major target for AsiDNA™
AsiDNA™, a highly differentiated molecule with near‐term clinical                                  17
     milestones

AsiDNA™: a unique              Exhaustive and robust                      Established proof‐of‐
mechanism of action            preclinical package                        mechanism in man, strong
enabling a new approach        showing product wide                       activity, favorable safety,
to cancer treatment            potential in combination                   active doses found
                               (PARPi, chemos…)

           Ready for expanded clinical development in combination
                          Final data from DRIIV‐1 Phase 1 trial
              H1 2019     Initiation of a Phase 1b study in combination
                          with platinum‐based chemotherapies

              H2 2019     Initiation of IND filing in the US
AsiDNA™

             Robust preclinical &
translational data set supporting
               use in combination
       as well as in monotherapy
AsiDNA™ leads to cancer cell death and does not induce resistance                                                                                                                                                             19

Treatment with AsiDNA™ reduces cancer cells                                                             In contrast to targeted therapies (e.g. PARPi),
survival (1‐30µM IC50), while healthy cells are                                                         repeated treatment with AsiDNA™ leads to
spared                                                                                                  sensitization to AsiDNA™ and does not generate
                                                                                                        resistance

Non tumoral cell lines         MDAMB231 – TNBC HR proficient                                                  BC227 – TNBC HR BRCA1 mutated                                               NCI‐H446 – SCLC
                               (PARPi are ineffective on this cell line)                                                          BC227                                                                  NCI-H446
                                                                                                                   AsiDNA        Talazoparib        Olaparib
                                                                                                                                                                                                AsiDNA           Talazoparib
                                           AsiDNA                                                       120                                                                       120

                                                                                                        100                                                                       100

                                                                                      Survival (%/NT)

                                                                                                                                                                Survival (%/NT)
                                                                                                         80                                                                        80
                 AsiDNA
                                                                                                         60                                                                        60

                                                                                                         40                                                                        40

                                                                                                         20                                                                        20

                                                                                                          0                                                                         0                                       *
                                                                                                               1st cycle    2nd cycle   3rd cycle   4th cycle                           1st cycle   2nd cycle   3rd cycle   4th cycle

                          Suggests a compelling opportunity as a maintenance therapy

                                                        Source: Onxeo, data on file
AsiDNA™ plus PARPi generates synergies in both HR deficient and                                                                                                               20
          proficient cancer cells and prevents resistance to PARPi
                                     AsiDNA™ in combination with PARPi
                                        shows the same efficacy in both HR deficient and proficient cancer cells; combining AsiDNA™ with PARPi may
                                        expand PARPi’s use to HR‐proficient tumors
                                        leads to a rapid and complete inhibition of cancer cell survival, which is not observed with PARPi alone
                                        (synergistic effect)
                                        prevents at low doses the occurrence of resistance in several cancer cell lines
TNBC HR deficient                                                                                             SCLC
                                                                                                                                           Talazoparib          AsiDNA+Talazoparib
                                         Olaparib              Talazoparib
                                         AsiDNA+Olaparib       AsiDNA+Talazoparib
                               140                                                                                                100
                               120
                                                                                                                                  80
             Survival (%/NT)

                                                                                                                Survival (%/NT)
                               100

                                80                                                                                                60

                                60                                                                                                40
                                40
                                                                                                                                  20
                                20

                                 0                                                                                                 0
                                     1st cycle      2nd cycle 3rd cycle      4th cycle                                                  1st cycle   2nd cycle   3rd cycle   4th cycle
                                Olaparib 5 µM ‐ Talazoparib 100nM ‐ AsiDNA™ 1µM                                                          Talazoparib 100nM – AsiDNA™ 1µM

                                                                                Source: Onxeo, data on file
Combination of AsiDNA™ with PARPi demonstrates synergy in HR                                                                     21
 proficient TNBC

  AsiDNA™ in combination with PARPi shows high efficacy in vivo in cancer cells non‐sensitive to PARPi
  Opportunity to expand PARPi indications to HR proficient tumors

                            MDA‐MB‐231 (TNBC HR proficient tumor cells) xenograft in mice

      NT                             olaparib                               AsiDNA™                   AsiDNA™ + olaparib

Complete Response   = 0/6          Complete Response =   2/8              Complete Response =   4/8   Complete Response =   5/7
            0%                                25%                                  50%                             71%

                                            Source: Onxeo, data on file
Class‐effect of the combination of AsiDNA™ with PARPi’s supported                                                                         22
   by extensive preclinical testing

Tumor model
                                Treatment in combination              Observed effect                                         Reference
(cell lines, primary tumors)
TNBC (MDA‐MB‐231                AsiDNA™ + olaparib                    Complete response more than doubled                     Data on file
xenograft mice model)
Resistant PDX ovarian model     AsiDNA™ + olaparib                    Synergy delaying tumor growth                           Data on file
TNBC HR deficient (BC 227)      AsiDNA™ + olaparib or + talazoparib   Resistance is prevented by co‐treatment                 Data on file
Ovarian cancer                  AsiDNA™ + niraparib                   Resistance is prevented by co‐treatment                 Data on file
SCLC (NCI‐H446)                 AsiDNA™ + talazoparib                 Resistance is prevented by co‐treatment                 Data on file
TNBC HR deficient (BC 227)      AsiDNA™ + talazoparib                 Rapid and complete inhibition of cancer cell survival   Data on file
SCLC (NCI‐H446)                 AsiDNA™ + talazoparib                 Rapid and complete inhibition of cancer cell survival   Data on file

TNBC HR proficient (MDAMB231)   AsiDNA™ + talazoparib                 Synergistic antitumor effect                            Data on file
TNBC HR proficient (MDAMB231)   AsiDNA™ + niraparib                   Synergistic antitumor effect                            Data on file
TNBC HR proficient (MDAMB231)   AsiDNA™ + olaparib                    Synergistic antitumor effect                            Data on file

                     Both synergy and abrogation of resistance to treatment occur
                        with all tested PARPi and regardless of the tumor type,
                          opening new opportunities for clinical applications
Combination of AsiDNA™ with carboplatin generates synergies and                                                                        23
prevents resistance to carboplatin
  AsiDNA™ in combination with carboplatin
     shows a synergistic effect in terms of efficacy
     prevents the occurrence of resistance to carboplatin

                                             NCI-H446 Carboplatine
                                                      - SCLC
                                120
                                                                                               NT
                                100                                                            Carboplatin
                                                                                               Carboplatine
              Survival (%/NT)

                                80
                                                                                                         carboplatin
                                                                                               AsiDNA+Carboplatine
                                                                                               [AsiDNA™]: 2,5µM [carboplatin]: 2,5µM
                                60

                                40

                                20

                                 0
                                                   e

                                                                e

                                                                             e

                                                                                           e
                                         e

                                                 cl

                                                              cl

                                                                           cl

                                                                                         cl
                                      yl

                                               cy

                                                                         cy

                                                                                       cy
                                                            cy
                                    tc

                                               d

                                                           d

                                                                       h

                                                                                       h
                                  1s

                                             2n

                                                                     4t

                                                                                     5t
                                                         3r

                                                       Source: Onxeo, data on file
Combination of AsiDNA™ with carboplatin shows synergy                                                                                                               24
                                in resistant TNBC
                                                                                                                      d - XX graft                              Endpoint
                                MDA‐MB‐231 (TNBC HR proficient tumor cells) xenograft in mice                                                                  1500 mm3

                     1000                                                                                                            Week 1    Week 4      Week 7
                                                                                                                                                                    Group I : vehicle (Nacl 0.9%)
                      900                                                                                                                                           Group II : AsiDNA (IP)
                                                                                                                                                                    Group III : carboplatin (IP)
                      800
                                                                                                                                                                    Group IV : AsiDNA (IP)
                      700                                                                                                                                           + carboplatin (IP)
Mean volumes (mm3)

                      600

                      500                                                                                                                 Treatment                    Median survival
                                                                                                                                                                               (days)
                      400                                                                                               Vehicle NaCl 0,9% 15x IP (n 6)                           77

                      300                                                                                               Carboplatin 3x 50 mg/kg IP (n 8)                          88
                                                                                                                        AsiDNA 15x 5 mg IP (n 8)                                 128
                      200                                                     1/7 complete response
                                                                                                                       AsiDNA 15x 5mg IP
                                                                              2/7 stable diseases                                                                                175
                      100                                                                                              + carboplatin 3x 50mg/kg IP (n 10)

                        0
                            0    10     20     30     40        50       60         70       80        90       100
                                                    Time after treatment (days)

                                                                                  Source: Onxeo, data on file
Data support increased efficacy of the combination of AsiDNA™ with                                                                         25
  DNA‐damaging agents in multiple in vivo models

            Tumor model
                                      Treatment in combination                    Route of administration                  Reference
     (cell lines, primary tumors)
Breast cancer (BC227, BC173, MDA‐                                         Intratumoral + Peritumoral Subcutaneous
MB468, MDA‐MB231)                    AsiDNA™ standalone                   Intraperitoneal (MDA‐MB231)                 Data on file
Breast cancer (MDAMB231, BC227)      AsiDNA™ + carboplatin                Intraperitoneal                             Data on file
Glioblastoma                         AsiDNA™ + Radiotherapy               Intratumoral                                Coquery et al, 2012
                                                                          Subcutaneous / Peritumoral                  Schlegel et al, 2012
Cutaneous melanoma                   AsiDNA™ + Radiotherapy               Intratumoral + subcutaneous / Peritumoral   Biau et al, 2014
Colorectal cancer                    AsiDNA™ + RFA (hyperthermia)         Intratumoral + subcutaneous                 Devun et al, 2014
Colorectal Liver metastasis (HT29)   AsiDNA™ + 5FU + oxaliplatin          Intraperitoneal                             Herath et al, 2016
HCC (HepG2)                          AsiDNA™ + doxorubicin                Intraperitoneal                             Herath et al, 2016
Head & neck (Hep2)                   AsiDNA™ + Radiotherapy               Intratumoral                                Quanz et al, 2009
Head & Neck (Hep2)                   AsiDNA™ + carboplatin                Intraperitoneal                             Data on file
Lung cancer (TC‐1)                   AsiDNA™ + carboplatin or cisplatin   Intraperitoneal                             Data on file
HCC (VX2 rabbit)                     AsiDNA™ + TACE (Doxorubicin)         Transarterial                               Herath et al, 2016
Confirmed predictive biomarkers available for patient stratification                                                                                            26

AsiDNA™ sensitivity signature
(bioinformatics analysis from transcriptomic
experiments1) displays a down regulation of
the expression of most DNA repair genes

In vitro validation of this sensitivity signature on 20 cells lines predicted to be more or less sensitive to AsiDNA™2
                                                            **
                               120
   Survival to AsiDNA (%/NT)

                               100

                               80

                               60                                                                                                                   Confirmation by qPCR analysis3 of the
                               40                                                                                                                   down regulation of 6 genes in cancer cells
                                                                                                                                                    highly sensitive to AsiDNA™
                               20

                                0
                                      Predicted resistant        Predicted sensitive

                                         Confirmed predictive biomarkers of sensitivity to AsiDNA™ open the way
                                     to personalized medicine applications, in monotherapy as well as in combination
                                      Source: 1 Jdey W et al., Clinical Cancer Research 2017 ‐ 2 from Cancer Cell Line Encyclopaedia CCLE sorted by AsiDNA™ ‐ 3 Onxeo, data on file
All studies of AsiDNA™ to date support its potential in broad                                                                                                                27
        indications and combinations
           with PARP inhibitors                                                                                                     with DNA‐damaging chemotherapies
                                                                                                                             • Synergistic efficacy observed in vivo
• Synergistic efficacy observed in vivo, including in                                                                        • 10 to 20% of all cancer patients are treated with
  HR proficient tumors                                                                                                         platinum‐based chemotherapies
• Indications: OC (ODD), HER2‐ BC                                                                                            • Indications: OC (ODD), SCLC (ODD), NSCLC , HNC
• Strong rationale for use as maintenance therapy                                                                              (ODD), TNBC.
               ≈ 550,000 patients1                                                                                                              ≈ 1.3 Million patients2
         (incident population in 8MM)*                                                                                                     (incident population in 8MM)*

                 as a monotherapy                                                                                                                    with radiotherapy

• Selection of the best responding patients with                                                                             • 50‐60% of cancer patients treated with radiation
  stratification biomarkers                                                                                                    therapy during the course of their disease
                                                                                                                             • DRIIM phase 1 study clinical signals of efficacy

                 To be determined                                                                                                               ≈ 3.8 Million patients3
                                                                                                                                           (incident population in 8MM)*

     Unique mechanism of action positions AsiDNA™ at the heart of DDR strategies in oncology
              HR: Homologous recombination ‐ OC: Ovarian cancer ‐ (TN)BC: (Triple negative) Breast cancer ‐ (N)SCLC: (Non) Small cell lung cancer ‐ HNC: Head & neck cancer ‐ ODD:
              Orphan Drug Designation ‐ 1: OC + HER2 Neg BC (both BRCA wild‐type) 2: OC + (N)SCLC + TNBC + HNC 3: All cancers (55% of incidence) *: Company’s estimates in 8
              Major Markets (8MM) after GlobalData reports and Globocan 2018 data
PLATON™
      CHEMISTRY PLATFORM
OF DECOY OLIGONUCLEOTIDES
             Leverage proprietary decoy
         oligonucleotides technology to
            generate new breakthrough
                compounds in oncology
platON™: proprietary chemistry platform of decoy                                                                 29

      OligoNucleotides
All three components of the platform can be acted upon to obtain new compounds with different
properties and/or activities

                                               1                                                  3
                                    Oligonucleotide*                                          Vector

                                                                     2
                                                                   Linker

                                          Active component      Prevention of       Spontaneous uptake by cells,
                                           of the molecule   strand dissociation   no need for a transfection vector

               A powerful and versatile platform to generate disruptive compounds
                           acting on intracellular DNA‐binding targets
        * oligonucleotide: ADN fragment
platON™: broad potential beyond AsiDNA™ with the opportunity to                                     30

      feed the pipeline with differentiated new drug candidates
Objectives for upcoming products from platON™
   Regulation of tumor DNA functions through a decoy
   mechanism
   Decoy oligonucleotides able to induce cancer cell death and
   trigger immune response within the tumor, without any effect
   on healthy cells                                                     1                          3
                                                                  Oligonucleotide                Vector
   Clinical positioning clearly differentiated from the one of
   AsiDNA™
                                                                                             2

Evaluation of several compounds ongoing                                             Linker

Next candidate to enter regulatory preclinical studies
mid‐S1 2019

In‐vivo proof of concept expected mid year
FINANCIALS & OUTLOOK
Financials and share structure                                                     32

                               Cash position of €11.3m at 12/31/2018

   Dual listing Euronext Paris & Nasdaq Copenhagen
                                                                           Misc.
                       ISIN: FR0010095596                                  5%
                                                                                   Financière
                                                                                   de la
                                                                                   Montagne
                                                                                   16%
        Shares outstanding              54,1m               Retail
              Fully diluted*            59,6m               60%

    Average Daily Volume                333,390                                    Other
             (18 months)                shares                                     institutions
                                                                                   19%
*at 01/31/19                                                 at 01/31/19
Multiple near to mid‐term value‐creating R&D milestones                                                                            33

                                                 AsiDNA™                                            New compound from platON™

Q4 18            DRIIV Phase 1 study: proof‐of‐mechanism in man & active doses found

Today
                 Confirmation of predictive biomarkers for patient stratification for studies in   New compound from platON™ enters
                 monotherapy / combination                                                         regulatory preclinical evaluation and CMC
                 Scientific presentation at DDR international conference end January (Boston)
                 and presence at other key international conferences (AACR, …)
                 DRIIV‐1 full data set (tolerance, PK/PD, biomarkers…)
                 First patient dosed in a combination phase 1b study
                                                                                                   In‐vivo proof‐of‐concept
June 2019

                 Results of the first combination study with chemotherapies
                 IND filing in the US
December 2019
                                                                                                   « First‐in‐man » in phase 1 study
                 Other studies in combination
June 2020
APPENDICES
AsiDNA™ Publications (1/2)                                                                                                                                                   35

Small‐molecule drugs mimicking DNA damage: a new strategy for sensitizing tumors to radiotherapy. Quanz M, Berthault N, Roulin C, Roy M, Herbette A, Agrario C, Alberti C,
Josserand V, Coll JL, Sastre‐Garau X, Cosset JM, Larue L, Sun JS, Dutreix M. Clin Cancer Res. 2009, 15:1308‐16.
Hyperactivation of DNA‐PK by double‐strand break mimicking molecules disorganizes DNA damage response. Quanz M, Chassoux D, Berthault N, Agrario C, Sun JS, Dutreix M.
PLoS One. 2009, 4:e6298.
Comparison of distribution and activity of nanoparticles with short interfering DNA (Dbait) in various living systems. Berthault N, Maury B, Agrario C, Herbette A, Sun JS, Peyrieras
N, Dutreix M. Cancer Gene Ther. 2011, 18:695‐706.
Heat shock protein 90 (Hsp90) is phosphorylated in response to DNA damage and accumulates in repair foci. Quanz M, Herbette A, Sayarath M, de Koning L, Dubois T, Sun JS,
Dutreix M. J Biol. Chem. 2012, 287:8803‐15.
Preclinical study of the DNA repair inhibitor Dbait in combination with chemotherapy in colorectal cancer. Devun F, Bousquet G, Biau J, Herbette A, Roulin C, Berger F, Sun JS,
Robine S, Dutreix M. J Gastroenterol. 2012, 47:266‐75.
Pharmacokinetics and toxicity in rats and monkeys of coDbait: a therapeutic double‐stranded DNA oligonucleotide conjugated to cholesterol. Schlegel A, Buhler C, Devun F,
Agrario C, Urien S, Lokiec F, Sun JS, Dutreix M. Mol Ther Nucleic Acids. 2012, 1:e33.
Distribution and radiosensitizing effect of cholesterol‐coupled Dbait molecule in rat model of 5 glioblastoma. Coquery N, Pannetier N, Farion R, Herbette A, Azurmendi C,
Clarencon D, Bauge S, Josserande V, Rome C, Coll JL, Sun JS, Barbier EL, Dutreix M, Remy CC. PLoS One, 2012, e40567.
Therapeutic approach of human peritoneal carcinomatosis with Dbait in combination with capnoperitoneum: proof of concept. Solass W, Herbette A, Schwarz T, Hetzel A, Sun JS,
Dutreix M, Reymond MA. Surg Endosc. 2012, 26:847‐52.
Kinesin KIFC1 actively transports bare double‐stranded DNA. Farina F, Pierobon P, Delevoye C, Monnet J, Dingli F, Loew D, Quanz M, Dutreix M, Cappello G. Nucleic Acids Res.
2013, 41:4926‐37.
Inhibition of DNA damage repair by artificial activation of PARP with siDNA. Croset A, Cordelières FP, Berthault N, Buhler C, Sun JS, Quanz M, Dutreix M. Nucleic Acids Res. 2013,
41:7344‐55.
DNA‐PK target identification reveals novel links between DNA repair signaling and cytoskeletal Regulation Kotula E, FaigleW, Berthault N, Dingli F, Loew D, Sun JS, DutreixM and
Quanz M PLoS One, 2013, 8:e80313.
Colorectal cancer metastasis: the DNA repair inhibitor Dbait increases sensitivity to hyperthermia and improves efficacy of radiofrequency ablation. Devun F, Biau J, Huerre M,
Croset A, Sun JS, Denys A, Dutreix M. Radiology. 2014, 270:736‐46.
AsiDNA™ Publications (2/2)                                                                                                                                                36

A preclinical study combining the DNA repair inhibitor Dbait with radiotherapy for the treatment of melanoma. Biau J, Devun F, Jdey W, Kotula E, Quanz M, Chautard E, Sayarath
M, Sun JS, Dutreix M. Neoplasia. 2014, 16:835‐44.
Science to practice: why debate the role of Dbait for improving tumor ablation? Goldberg SN. Radiology. 2014 Mar; 270(3):635‐7.
Pressurized intraluminal aerosol chemotherapy with Dbait in the distal esophagus of swine. Khalili‐Harbi N, Herath N, Solass W, Giger‐Pabst U, Dutreix M, Reymond MA.
Endoscopy 2015; 47:1‐4.
Dbait : un concept innovant pour inhiber la réparation de l’ADN et contribuer aux traitements des cancers. J Biau, F Devun, P Verrelle, M Dutreix, Bull Cancer 2016; 103: 227–235
The DNA Repair Inhibitor DT01 as a Novel Therapeutic Strategy for Chemosensitization of Colorectal Liver Metastasis. Herath NI, Devun F, Lienafa MC, Herbette A, Denys A, Sun
JS, Dutreix M. Mol Cancer Ther. 2016 Jan;15(1):15‐22.
In Vivo feasibility of Electrostatic Precipitation as an Adjunct to Pressurized Intraperitoneal Aerosol Chemotherapy (ePIPAC). Kakchekeeva T, Demtroder C, Herath NI, Griffiths D,
Torkington J, Solass W, Dutreix M, Reymond MA. Ann Surg Oncol. 2016 Dec; 23(Supp5):592‐598.
Targeting DNA repair by coDbait enhances melanoma targeted radionuclide therapy. Viallard C, Chezel JM, Mishellany F, Ranchon‐Cloe I, Pereira B, Herbette A, Besse S,
Boudhraa Z, Jacqemot N, Cayre A, Miot‐Noirault E, Sun JS, Dutreix M, Degoul F. Oncotarget 2016 Mar 15;7(11): 12927‐36.
Potentiation of Doxurubicin efficacy in hepatocellular carcinoma by the DNA repair inhibitor DT01 in preclinical models. Herath NI, Devun F, Herbette A, Linafa MC, Chouteau P,
Sun JS, Dutreix M, Denys A. Eur Radiol. 2017 Oct, 27(10):4435‐4444.
ASCO 2015 annual meeting. Abstract #143029.
First‐in‐human phase I study of the DNA repair inhibitor DT01 in combination with radiotherapy in patients in transit melanoma. Le Tourneau C, Dreno B, Kirova Y, Grob JJ, Jouary
T, Dutriaux C, Thomas L, Lebbé C, Mortier L, Saiag P, Avril MF, Maubec E, Joly P, Bey P, Cosset JM, Sun JS, Asselain B, Devun F, Marty ME, Dutreix M. Br J Cancer. 2016 May
24;114(11):1199‐205.
Drug Driven Synthetic Lethality: bypassing tumor cell genetics with a combination of AsiDNA and PARP inhibitors. Jdey W, Thierry S, Russo C, Devun F, Al Abo M, Noguiez‐Hellin
P, Sun JS, Barillot E, Zinovyev A, Kuperstein I, Pommier Y, Dutreix M. Clin Cancer Res. 2017 Feb 15;23(4):1001‐1011. doi: 10.1158/1078‐0432.CCR‐16‐1193. Epub 2016 Aug 24.
Micronuclei Frequency in Tumors Is a Predictive Biomarker for Genetic Instability and Sensitivity to the DNA Repair Inhibitor AsiDNA. Jdey W, Thierry S, Popova T, Stern
MH, Dutreix M. Cancer Res. 2017 Aug 15;77(16):4207‐4216. doi: 10.1158/0008‐5472.CAN‐16‐2693. Epub 2017 Jun 6.
The DNA Repair Inhibitor Dbait Is Specific for Malignant Hematologic Cells in Blood. Thierry S, Jdey W, Alculumbre S, Soumelis V, Noguiez‐Hellin P, Dutreix M. Mol Cancer Ther.
2017 Dec;16(12):2817–27.
CONTACTS
    Judith Greciet – CEO
 Nicolas Fellmann – CFO
  Tel: +33 1 45 58 76 00
   contact@onxeo.com

COMPANY INFORMATION
      www.onxeo.com
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