Building leadership in topical therapies for chronic inflammatory conditions
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PAD™ Technology - releasing the full potential Building leadership in topical therapies for chronic inflammatory conditions © mc2 therapeutics 1
Highlights – MC2 is ready to leverage its favorable position in topicals Mature private Privately held emerging pharma company focused on topicals and inflammatory conditions company Late stage Launch in psoriasis 2020/21 (US and EU) + other Ph3/2 assets and strong news flow pipeline PAD™ enables a PAD™ Technology – an innovative solution enabling an array of new topical therapies paradigm shift Significant market Market dynamics provide a unique opportunity for MC2 to build leadership in topicals opportunity © mc2 therapeutics 2
MC2 is addressing attractive opportunities in the topical dermatology industry Leading topicals can be significantly upgraded ❖ Penetration New potent molecules The innovative ❖ Stability are difficult to formulate ❖ Tolerability solution ❖ New patents Annual patient cost Payers need new tools to defend topicals Biologics $20 - 60,000 Topicals ~ $2,000 Patients are longing for convenience in daily Greasy! routines Current leading formulations Not doable in daily routines – are ointments, liquid oils very low compliance © mc2 therapeutics 3
Our business focus areas are synergistic and enhances brand value of PAD™ Tech Rx data enhances attention on BioMee and Tech License Rx PAD™ PAD™ Tech License brings credibility to Rx and BioMee Tech BioMee is a novel range of PAD™ PAD™ Tech BioMee based consumer healthcare products Non-Rx designed for dry and sensitive skin License Enables pre-launch promotion of PAD™ based Rx vehicles and interactions with patients and physicians © mc2 therapeutics 4
Experienced leadership team with a history of commercialization success Executive Previous Experience Executive Previous Experience Business Development Jesper J. Lange, LLM Attorney - Partner - M&A Ann Kristin Led, Exec. VP Director President & CEO Finance & Strategy Senior Medical Scientist Various managerial Head of Business Research Analyst Johan Selmer, MD positions Frédéric Gomez, Msc Development Chief Medical Officer Business Development Research Manager Department Manager Morten Præstegaard, PhD (BioImage spin-off) Samia Kappe, Exec. VP Chief Executive Officer Chief Operating Officer Sales & Marketing EU Commercial Strategy Marketing and Sales Christopher Billis Dermatology Chief Commercial Officer © mc2 therapeutics 5
Support by experienced board of directors and strong investors Board of Directors Name Experience Mads Clausen Led the establishment of MC2 Therapeutics and serves as Chairman of the Board Chairman and Owner Paul L Berns Appointed as President and Chief Executive Officer of Anacor Pharmaceuticals Inc. in 2014, prior to the Director company’s acquisition by Pfizer in June 2016 Anders D. Hove, M.D. Served most recently as a managing general partner at Venrock Associates (“Venrock”), a venture capital Director firm, which he joined in 2004 focusing on private and public biotech investments Mette Vagner Johannesen Held executive roles in finance, strategy, HR, administration and general management Director Jesper J. Lange, LL.M. Co-founder of MC2 Therapeutics and joined the company from his position as partner in a major Danish Director law firm Investors / Owners Name Commentary Mads Clausen Grandson of Danish industrialist and founder of Danfoss A/S Johan Schrøder family Former owner of Radiometer A/S © mc2 therapeutics 6
Optimal topical therapies for chronic conditions must meet four criteria Actives Formulation Compliance Hydration Safe and potent Optimal delivery Want to use in Helps barrier to target tissue daily routines repair and itch Releasing full clinical potential in real life © mc2 therapeutics 8
PAD™ Technology is challenging status quo – introducing a new standard of topicals Trial efficacy All-in-one • Releasing full efficacy potential • High convenience in daily routines Paradigm • Moisturizing the skin shift High PAD™ Non-aqueous aqueous e.g. greasy formulations ointment or liquid oil Aqueous e.g. cream, Low lotion Comfortable – absorbs quickly, easy to apply and moisturizes skin Low High (preferred by patients in daily routines) © mc2 therapeutics 9
PAD ™ structure – a new tool for effective relief and high convenience Conventional cream PAD™ Technology oil drop structure oil drop structure Water Excess ✓ 10-30 fold less Surfactants Oil Oil Fragile shell ✓ Thick & robust Shell structure PAD™ Benefits ✓ Optimizes efficacy by improved delivery of actives (no API clustering) Low surfactants ✓ No stinging – high tolerability Robust shell ✓ Enables stabile water-based formulations of potent but unstable molecules Contains water ✓ Very pleasant in daily routines - non-greasy, moisturizing, easy to spread © mc2 therapeutics 10
The high impact of PAD™ is demonstrated in several projects Psoriasis US Ph3: MC2-01 is significantly better than leading NDA ready Atopic dermatitis: PAD™ Tacrolimus outperforms Protopic® in Preclinical brand Taclonex® TS – same % actives allergic contact dermatitis pig model 50 % PGA Treatment Success MC2-01 Cream 40 Taclonex **** MC2-01 Vehicle **** 30 **** 20 10 0 0 2 4 6 8 Weeks Dry Eye: PAD™Cciclosporin – high efficacy in severe keratitis Phase 2 Atopic dermatitis: PAD™ crisaborole 2% has better delivery to dermis Preclinical (dry eye) patients than Eucrisa® (minipig biopsies) 80% p=0.023 6000 2-grade corneal staining 70% Dermis 5000 ng/g crisaborole 60% p=0.003 p=0.020 responders 50% 4000 40% 3000 30% 2000 20% 10% 1000 0% 0 Month 1 Month 3 Month 6 0.03% CsA Vehicle Lubricant © mc2 therapeutics 11 n = 25 per group, non-imputed data
PAD™ formulations are even more pleasant than conventional creams – paradigm shift Conclusion on cosmetic acceptance comparing PAD™ Vehicle to conventional creams: ”Overall the PAD™ Vehicle was considered to be the main formulation having highest patient acceptance” Formulation preference* Quotations from physicians 35 USA ”This is closer to Preferred by % respondents 30 Germany cosmetics than conventional drugs Japan ”It feels elegant on the 25 (Japan)” skin – it’s easily spreadable and does not “The advantage over the others is 20 leave much residue (USA)” that it spreads well and vanish 15 quickly – you can put on clothes quickly; you do not have to wait or 10 wonder whether you can put on a white shirt because greasy spots 5 may appear (Germany)” 0 Cream A Cream B PAD™ Vehicle *N=70 Physicians (USA 30, EU 20 and Japan 20) Study performed by third party © mc2 therapeutics 12
MC2 Rx Pipeline MC2-01 Psoriasis MC2-03 Dry Eye MC2-11 Atopic Dermatitis MC2-22 Atopic Dermatitis MC2-25 Uremic Pruritus © mc2 therapeutics 13
Rx pipeline: Mature and targeting major chronic inflammatory conditions Program Active Ingredient Indication MC2 Rights Pre-Clinical Phase 2 Phase 3 Filing Launch Worldwide US US Q3-2019 US H2-2020 MC2-01 Calcipotriene/BDP Psoriasis 1 2038 EU EU H1-2020 , EU 2021 Worldwide EU 2024 MC2-03 Ciclosporin Dry Eye Start 2020 2032 US TBD Worldwide MC2-11 Tacrolimus AD/Inv. Psoriasis H1 2020 2024 2037 Worldwide MC2-22 Crisaborole AD and Psoriasis 2037 2020 TBD FTO 2027-30 Worldwide MC2-25 Undisclosed Uremic Pruritus 2020 2024 2038 © mc2 therapeutics 14
BioMee™ (PAD™ Non-Rx pipeline) MC2-02 Anti-itch MC2-10 Sanitizer MC2-18 Barrier protection MC2-21 Dry Skin MC2-26 Sunscreen © mc2 therapeutics 15
PAD™ offers a unique vehicle branding opportunity – “New pearl in dermatology” © mc2 therapeutics 16
BioMee™ Health: Unique non-Rx products that also supports Rx launch activities Program Type MC2 Rights Health claim Clinical data Launch Cosmetic / Med. Worldwide Severe dry skin: Designed for severe dry skin MC2-21 H2-2019 H2-2019 Device 2024 associated with filaggrin deficiency Cosmetic / Med. Worldwide MC2-02 Anti-itch: Designed for aged itchy and dry skin TBD 2020 Device 2038 Sanitizer: World’s first cream based sanitizer Cosmetic / Worldwide MC2-10 Designed as a truly moisturizing sanitizer meeting H2-2019 US H2-2019 antiseptic 2026 hospital standards Barrier Protectant: Designed to protect skin against Cosmetic / Med. Worldwide MC2-18 occupational toxins and harsh skin conditions thereby Q1-2020 H2-2019 Device 2024 preventing contact dermatitis Worldwide MC2-26 Sunscreen Sunscreen: Designed for sensitive skin – SPF 50 TBD 2020 2024 © mc2 therapeutics 17
BioMee: The new brand of innovative non-Rx therapies for dry and sensitive skin Unmet need Market 10-20% of the global population suffers from dry, itchy and The OTC and consumer care markets are very large and sensitive skin for various reasons growing and is to a large extent driven by marketing muscles BioMee is the brandname of a new range of innovative patented BioMee™ Health product line is an excellent tool to promote the PAD™ enhanced creams (non-Rx) designed for various types of new PAD™ creams to physicians and patients ahead of Rx dry and sensitive skin launches and offer differentiated therapies Life companions for consumers and professionals BioMee™ Beauty has the potential to evolve into a valuable consumer brand Data MC2-02 Cream improved severe dry skin in filaggrin Next milestone deficient patient and reduced use of steroids Q419’: Data from clinical trial of Dry Skin in moderate to severe dry skin patients Q419’: Launch of new products covering Dry Skin, Barrier, Sanitizer and Itchy Dry Skin August 21st, 2018 Nov 14th 2018 © mc2 therapeutics 18
We make topical products that patients want to use By using PAD™ vehicles to release the full potential of active ingredients We make topical products that patients WANT TO USE Pleasant, effective drugs, medical devices & cosmetics in elegant dispensers Network oriented business model © mc2 therapeutics 19 integrating contributors and partners
Release your full potential © mc2 therapeutics 20
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