Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594

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Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
Corporate Presentation
       August 2021

                     Listed on Tokyo Stock Exchange (Mothers)
                     Code: 4594
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
Disclaimer
The material that follows is a presentation of general background information about BrightPath Biotherapeutics Co., Ltd. (“BrightPath”) as of the date of this presentation.
This material prepared solely for information purpose and is not to be construed as a solicitation or an offer to buy or sell any securities and should not be treated as giving
investment advice to recipient.

This material and any material distributed in connection with this presentation may contains forward-looking statements, beliefs or opinions regarding BrightPath’s future
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“estimates”, “projects” or similar expressions or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the
environment in which BrightPath will operate in the future. The important factors that could cause our actual results, performance or achievements to differ materially from
those in the forward- looking statements include, among others, risks associated with product discovery and development, uncertainties related to the outcome of clinical
trials, slower than expected rates of patient recruitment, unforeseen safety issues resulting from the administration of our products in patients, uncertainties related to
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assumptions reflected in the forward-looking statements are reasonably based on information currently available to BrightPath's management, certain forward-looking
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BrightPath does not undertake to update any of the forward-looking statements contained in this presentation or any other forrard-looking statements it may make, except
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The presentation contains information on drugs currently under development. Nothing contained herein should be considered any solicitation, promotion, advertisement, or
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In the event of any inconsistency between the statement in the English-language presentation and the statement in the Japanese-language presentation, the statements in
the Japanese-language version should prevail.

                                                                                        1
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
Pipeline of BrightPath
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
Development Focus
      Cancer immunotherapeutics as a main growth driver of
      pharmaceuticals

                       Cancer Immunotherapeutics
                       ($94.7bn)
CAGR 20.2%

  source : EvaluatePharma, July 2020
                                         3
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
Approved Cancer Immunotherapeutics
   Increasing numbers of immunotherapeutics have been approved globally,
    with the revenues of the marketed products forecast to reach $50bn (2024e)

      Enhancement                                       Immunity Cycle and
      of activation                                Approved Immunotherapeutics                                             ( ) : estimated sales for 2024, EvaluatePharma January 2020

Anti-CTLA-4 antibody
 Yervoy ($2.0bn)
                                                           4                                                                                Delivery of cancer-
                                                                                            Blood vessel
                                                                                                                                            specific cells
                                                                                                  5
Anti-PD-1 antibody
                                 T cell
                                                                                                                                            CAR-T
 Keytruda ($23.3bn)                                                                                                                           Kymriah ($1.0bn),
 Opdivo ($10.5bn)                                                                                                                             Yescarta ($2.0bn)
 Jemperli (new)                                                                                                                               Breyanzi(new)
                                  3
Anti-PD-L1 antibody                                                                                                                    6      Abecma (new)
 Tecentriq ($5.3bn )                                                                                  T cell                                                 (2017-)
 Imfinzi ($2.2bn)                                                                                                        Cancer
 Bavencio (new)                                                                                                          antigen

                  (2011-)                                                                             Cancer cell

                                                                                                                                           Removal of inhibitory
    Induction of                      2   Dendritic cell                                                                                   signals
                                                               Cancer antigen
    antigen                                                                                                                                Anti-PD-1 antibody
    recognition                                                                                                                    7        Keytruda ($23.3bn)
    Dendritic cell                                                                                                  Immune                  Opdivo ($10.5bn)
                                                                                                                    checkpoint
                                                                                                                                            Jemperli (new)
    vaccine
     Provenge (-)                                          1    Dead cancer cell                                                           Anti-PD-L1 antibody
                      (2009)                                                                                                                Tecentriq ($5.3bn )
                                                                                                                                            Imfinzi ($2.2bn)
                                                                                                                                            Bavencio (new)
                      Promotion of                                                                                                                      (2014-)
                      antigen release                                        Adapted from Chen & Mellman, Immunity 2013

                      Oncolytic virus
                      T-VEC (-) (2015)                                             4
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
BrightPath Pipeline
 Focused on cancer immunotherapies
 Multiple modalities (vaccine, antibody, cell therapy)                                                                                          Clinical Stage

                                                         4
                                                                                                                               Adoptive cell transfer
                             T cell                                                   5
                                                                                                                               iPS-NKT      (Investigator-initiated)

                                                                                                                               BP2301 (HER2 CAR-T)

                                  3

  Enhancement                                                                                                              6
  of antigen-                                                                              T cell

  presentation                                                                                               Cancer
                                                                                                             antigen

  BP1401                                                                                  Cancer cell

    TLR9 agonist

                                 2      Dendritic cell
                                                              Cancer antigen

  Induction of antigen                                                                                                 7          Blockade of inhibitory
  recognition                                                                                           Immune                    signals
                                                                                                        checkpoint
  GRN-1201                                                                                                                        BP1200 (CD73)
   Four tumor associated Ag                              1     Dead cancer cell                                                   BP1210 (TIM-3)
  BP1101                                                                                                                          BP1202 (not disclosed)
   Personalized NeoAg
                                                             Promotion of antigen                                                 BP1211 (PVR)
  BP1209
   Next generation-NeoAg
                                                             release
                                                             BP1206 (HLA-DR)
             Adapted from Chen & Mellman, Immunity 2013
                                                                                  5
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
Pipeline

           6
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
Near-term Events
                                                  FY2020                            FY2021         FY2022

Cancer vaccines
  GRN-1201        Tumor associated antigens                                                   P2 Stage 1
                                                                                               Read-out
  BP1101          Neoantigen                                                                 FY2021 4Q
                                                ESMO 2021
  BP1209          Neoantigen+Delivery           1005P ”A new platform of personalized
                                                neoantigen cancer vaccines directed by
  BP1401          TLR9 agonist                  checkpoint inhibitor antibodies to
                                                improve cancer immunity.”

Cells
  iPS-NKT         iPS cell-derived iNKT cells      IND
                                                                                                 IND
  BP2301          HER2 CAR-T                                                                     FY2022 1Q

Antibodies
                                                ESMO 2021
  BP1200          CD73                          987P “A novel therapeutic antibody
  BP1210          TIM-3                         against CD73 that ameliorates the
                                                tumor microenvironment and improves
  BP1202          (not disclosed)               the efficacy of cancer immunotherapy”

  BP1206          HLA-DR
  BP1209          PVR

                                                      7
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
GRN-1201
          Cancer vaccine comprised of four TAAs induces cytotoxic T cell to
           eradicate cancer cells
          Combination with immune checkpoint blockade antibodies increases
           antitumor effects
                                4

T cell                                                      5

     3

                                                                                                 6
                                                                T cell

                                                                                   Cancer
                                                                                   antigen                   Antigen = Marker of Cancer Vaccine-                                                 Vaccine-
                                                                Cancer cell                              Cancer cell                    induced          Cancer cell                             induced
                                                                                                                                          T cell                            Immune checkpoint      T cell
                                                                                                                                                                            molecules bind and
                                                                                                                                                                            send a suppressive
                                                                                                                                                                            signal to T cells

         2     Dendritic cell                                                                                        Eliminate cancer cells
                                        Cancer antigen                                                               expressing antigens
                                                                                                                     identical to vaccines

                                                                                             7
                                                                              Immune
                                                                              checkpoint

                                    1    Dead cancer cell
                                                                                                                              Cancer cell      Killing             T cell

         Induction of antigen
         recognition
         GRN-1201
             Four TAAs                                                                                                                             Anti-PD-1 mAb

                                                                                                     8
Corporate Presentation - August 2021 Listed on Tokyo Stock Exchange (Mothers) Code: 4594
GRN-1201 (cont’d)
 Address unmet medical needs in NSCLC

                                        First-line therapy
                                    PD-L1 expression ≧50%
                                                                       GRN-1201 added to first-line pembrolizumab
                                                                       therapy to increase responders
                                            Anti-PD-1

           PD-L1 expression 22%                            Not effective in 55%
            ≧50% or not
                             est. # of pts: 71,000 (US+ EU+ JP, 2025) *
                          52%       PD-L1 expression 1-49%

                                   30%       Anti-PD-1
                                                  +
                                           Chemotherapy
  PD-L1 expression
    ≧1% or not                                                             Not effective in 45%

                                       First-line therapy              Second-line therapy
                                     PD-L1 expression < 1%

                          48%
                                          Chemotherapy                            Anti-PD-1

                                                                                                                Not effective
                                                                       40% not                                  in 80%
                                                                       eligible

           * Source: Datamonitor Healthcare® | Informa, 2020, Dietel et al. Lung Cancer 134(2019), BrightPath Biotherapeutics

                                                                              9
GRN-1201 (cont’d)
 Ongoing Phase 2 trial of GRN-1201 in addition to pembrolizumab as first-
  line NSCLC therapy

                                   A Pilot, Open-Label, Multi-Center, Multi-Dose Study of GRN-1201 Added to
     Study title                   Pembrolizumab in Subjects with Non-Small Cell Lung Cancer with High PD-L1
                                   Expression

     US clinical trial no.         NCT03417882
     Investigational
                                   GRN-1201: Four HLA-A2*1-restricted peptides
     product

                                   PD-L1 positive non-small-cell lung cancer
     Target
                                     PD-L1 positive (TPS*2 ≥ 50%)

     Primary endpoint              Objective Response Rate

     Concomitant drug              Pembrolizumab (Keytruda)

                                   64
     Sample size
                                   Simon's Two-Stage Design

     Method                        Open-label, multi-center
    *1 This 55% group consists of 50% of the American or European subjects and 40% of the Japanese subjects.
    *2 TPS: Tumor Proportion Score (percentage of cells expressing PD-L1 on their surface among all tumor cells)

                                                                 10
GRN-1201 (cont’d)
                                     Preliminary analysis in the initial stage of Phase 2 supports the mechanistic
                                      hypothesis of GRN-1201, suggesting that the immune response may
                                      contribute to better clinical outcome                180
                                                                                               ELISPOT (IFNγ production
                                                                                                                症例A cell count) - Case A

                                                                                                                             Spot numbers/10 PBMC count
                                                                                                                                                                Peptide A
                                                                                                                                                          160   Peptide B
                                                                                                                                                          140   Pepride C
                                              Change in tumor target lesions (as of May 2020)                                                             120   Peptide D
                                                                                                                                                          100
                                                            PR           SD (best target legion response)

                                                                                                                             6
                                                                                                                                                           80
                                     30                                                                                                                    60
                                                                                                                                                           40
                                     20                                                                                                                    20
Change in tumor target lesion (%)

                                                                                                                                                            0
                                     10                                                                                                                               0             19              43 (Weeks)

                                                                                                                                                                ELISPOT (IFNγ production
                                                                                                                                                                                症例B cell count) - Case B
                                      0

                                                                                                                             Spot numbers/10 PBMC count
                                                                                                                                                          180
                                                                                                                                                          160    Peptide A
                                                                                                                                                                 Peptide B
                                    -10                                                                                                                   140    Pepride C
                                                                                                                                                          120    Peptide D

                                                                                                                             6
                                    -20                                                                                                                   100
                                                                     *                                                                                     80
                                                                                                                                                           60
                                    -30                                                                                                                    40
                                                                                                                                                           20
                                                                                                                                                                                                    n.a.
                                    -40                                                                                                                     0
                                                                                                                                                                      0              19              43 (Weeks)
                                    -50
                                                                                                                                                                ELISPOT (IFNγ production
                                                                                                                                                                               症例C       cell count) - Case C

                                                                                                                             Spot numbers/10 PBMC count
                                                                                                                                                          180
                                    -60                                                                                                                   160
                                                                                                                                                                Peptide A
                                                                                                                                                                Peptide B
                                                                                                                                                          140   Pepride C
                                    -70                                                                                                                   120   Peptide D
                                                                                                                                                          100
                                          0          10        20            30          40               50            60
                                                                                                                             6
                                                                                                                                                           80
                                                           Weeks after the initial administration                                                          60
                                                                                                                                                           40
                                                                                                                                                           20
                                      * Assessed PD after the observation point due to the development of new lesions                                       0
                                                                                                                                                                      0              19              43 (Weeks)
                                                                                                                                            By Direct ELISPOT (24h)
                                                                                                          11
iPS-NKT
 Novel allogeneic cell therapy using iPS cell-derived invariant NKT cells
  iNKT cells, unique subset of T cells, are implicated in the regulation of broad immune responses, but their limited
   frequency had been an obstacle to acquire sufficient numbers of iNKT cells from patients to induce effective
   antitumor immune responses of iNKT cell-based immunotherapy
  iPSC technology made it possible to reprogram human iNKT cells to pluripotency and subsequently re-
   differentiate into functional iNKT cells demonstrating anti-tumor efficacy
  The iPSC-derived iNKT cells are functionally recovered and available in an unlimited supply from iPSCs
                                           Adoptive cellular
                                           transfer                                                           Indirect
                                            iPS-NKT                         Indirect
                                                                                                              killing
                                                                                                                                               Cancer cell
                                             (Phase 1)                       killing

                                                                                                             NK cell

                                                                                                                                          killing
                                                                                                                                          Direct
                                                                                                                                                         NK receptor

                                          T cell

                                                             Cancer
                                                             antigen
                                          Cancer cell                        T cell              Dendritic cell                                      NKT cell

                                                                                                                         Lipid antigen

                                                                                                                                         Regulate pro-
                                                                                        Activation                         Maturation

                                                                                                                                         tumor Mφ
     Dendritic cell
                      Cancer antigen

                                                        Immune
                                                                            iNKT cells regulate broad
                                                        checkpoint          antitumor immune responses
                                                                                                                                         Macrophage
                       Dead cancer cell

                                                                       12
iPS-NKT (cont’d)
  A first-in-human investigator-initiated trial in patient with head and neck
   cancers started in June 2020
                              A Phase I study of iPS-NKT cell intra-arterial infusion therapy in patients with recurrent or
 Study Title
                              advanced head and neck cancer (First in human study)

                              Recurrent or advanced head and neck squamous cell carcinoma, refractory or intolerant to
 Subjects
                              standard treatment

                              To exploratory evaluate safety, efficacy and tolerability of intra-tumor nutrient artery administration
 Purpose                      of iPS-NKT cells in patients with recurrent or advanced head and neck cancer after standard
                              therapy, which is difficult to treat radically.

 Primary outcome              Incidence of dose-limiting toxicity (DLT) at each dose
                              Secondary efficacy endpoints        Response rate (RECIST ver.1.1)
                                                                  Disease control rate (RECIST ver.1.1)
 Secondary
 outcome                      Secondary safety endpoints          Occurrence of adverse events (type, frequency, severity, etc.)
                                                                  Changes in clinical laboratory values
                              ・Peripheral blood concentration transition of iPS-NKT cell
 Exploratory                  ・Immune cell fraction
 outcomes                     ・Blood cytokine concentration
 Sample size                  4-18
 Study design                 Single site, open label, asymmetric, dose titration
 Trial site                   Chiba University Hospital
 Source:   Chiba University

     Originated and developed by RIKEN and BrightPath has an option to obtain an exclusive license to
       develop, manufacture and sell and started collaborative research with RIKEN in April 2018

                                                                    13
iPS-NKT (cont’d)
 Enhanced functionality of iNKT Cells
      iPS cell-derived NKT cells promote secretion of anti-tumor IFN-γ and reduce
       immunosuppressive IL-4

                                                                                                                               NKT line: iNKT cells before reprogramming into iPSC
                                                                                                                               iPS-NKT: iNKT cells re-diffrentiated from iNKT cell-
                                                                                                                                         derived iPSC

                                                                                                                               DC:       co-culture with dendritic cells
                                                                                                                               DC + Gal: co-culture with dendritic cells and antigens
              DC DC NKT                         DC DC NKT                              DC DC NKT           DC DC NKT                    (α-GarCer)
                  + only                            + only                                 + only              + only          NKT Only: without dendritic cells and antigens
                 Gar                               Gar                                    Gar                 Gar

      Increased In vitro cytotoxicity vs. iNKT cells before reprogramming into iPSC
                                     Leukemia        Non-small-cell lung   Non-small-cell lung   Colon cancer   Colon cancer      Pharyngeal cancer
                                                     cancer                cancer
              Killing activity (%)
              Killing activity (%)

        Yamada et al., Stem Cells. 2016
                                                                                        14
iPS-NKT (cont’d)
 In vivo Anti-tumor Activity
      iPS-NKT cells suppress the proliferation of cancer cells

                                                        Tumor size (Fluorescence Intensity:
                                                           Total Flux [photons/second])

         Source: Yamada et al., Stem Cells. 2016

                                                   15
iPS-NKT (cont’d)
 Established iPS master cell bank as renewable starting cell source
  and robust cGMP process from iPSC to NKT cells to mass produce
  homogeneous NKT cells
                                                                              Pre-diagnosis                                                                Post-diagnosis

                     Autologous cell therapy

                                                                                                                                       Patient       Apheresis                Production           Administration
                                                                                                                                                                                                   of single dose

                                                                                                                         Diagnosis
                     Allogeneic cell therapy                                                         100+dosage

                                                 Healthy donor       T cell        Production

  Master cell bank                                                                                                                                              Substantial reduction of
  allogeneic cell                                                                                  10,000+dosage                                                 turnaround time from diagnosis
  therapy
                                                                                                                                                                 to administration
                    Healthy donor       T cell    Reprogramming    Master cell      Production                                        Administration of
                                                                     bank                                                              multiple doses

    Reprogramming Process
                                                                                                                                                            iPSC                           iPS cell-derived
                                                                                                                                                          expansion                           NKT cell
                                                      NKT cell-derived iPS cell                  iPS single-cell clone               Master cell
                                                                                                                                       bank
                          Reprogramming

                                                                                                                                                                      Re-differentiation
                                                                                                                                                                       & Multiplication
                           into iPS cells

         NKT cell

                                                                                                                                                                                                          Cryopreserved stock
                                                                                                                                                                                                          (for immediate use)

                                                                                                     16
iPS-NKT (cont’d)
 Benchmarking CAR-transfected iPSC-derived effector-cell products for
  expansion strategy
             (IND filing year)               Hematology CAR        Solid tumor CAR
                                 Un-
                 Company                    CD19   BCMA   CD38   EGFR   GPC3   MICA
                                 modified

              Fate Tx             2018      2020   2021                        2022
    iPSNK

              Century Tx                    2021   2022

              Cytovia Tx          2021                    2022   2022   2022
    iPSNKT

              BrightPath          2020
                                  (RIKEN)

                                                    17
BP2301
  Autologous HER2 CAR-T cell therapy for solid tumors
         HER2 is a clinically validated target and HER2 CAR-T has third party’s precedent
             successful clinical outcome in sarcoma*
         BP2301 demonstrates a stem cell memory-rich phenotype, which is expected to
             improve the anti-tumor efficacy
                                                                Flow of CAR-T cell therapy
  Adoptive cell transfer
  HER2 CAR-T                                                       CAR gene transfer
                                                                   (piggyBac)
                                                                                                  CAR-T cell
                                                   T cell                                                                                           Multiplication

                                                                                                               Kill cancer cells

    CAR-T cell
                                                                                                          Cancer cells             Antigen
                                         Signal transduction
     Antigen binding site                domain

                                        Cancer antigen                                                 CAR-T cells

     Cancer cell
                                                                                         T cell

                                                                                       Blood Drawing                                         Administration

* HEROS2 study of HER2 CAR-T in patients with sarcoma conducted by Baylor College of Medicine showed one complete response and a response rate
  of 18% (AACR2019) although most clinical studies of CAR-T for solid tumors have not been able to demonstrate CR.

                                                                      18
BP2301 (cont’d)
  piggyBac transposon-based CAR gene transfer enables CAR-T cells
   to maintain stem cell memory-like phenotype with self-renewing,
   long-term persisting ability and durable antitumor effects

 T cell differentiation and phenotypes                               Persistence of memory-rich CAR-T cells

                                                   Cell death

       Self-renewal
       Long-term persistence

                               Effector function

    SCM: ステム・セル・メモリー
    CM: セントラル・メモリー
    SCM:  Stem Cell Memory
    EM: エフェクター・メモリー
    CM:   Central Memory
    EFF: エフェクター
    EM: Effector Memory
    EFF: Effector

                                                                         Memory-rich CAR-T      Effector-rich CAR-T

                                                                19
BP2301 (cont’d)
 BP2301 cells exhibits dominant of stem cell memory phenotype
  without early T cell exhaustion

                      TEFF                       TSCM                       PD-1
                                                 72.5 %                     0.3 %
       CD45RA

                                                               PD-1
                      TEM                         TCM

                                          CCR7                        CD3
                      SCM: Stem Cell Memory
                      CM: Central Memory
                      EM: Effector Memory
                      EFF: Effector

 Source: Shinshu University, BrightPath

                                                          20
BP2301 (cont’d)
 Memory-rich BP2301 exhibits long-term functional persistence and
  exhaustion resistance
      BP2301 exhibits robust serial killing      Tumor: Osteosarcoma cells(U2-OS)
                                                  E:T =1:1
                                                           Tumor alone

          Round 1
                                                           +HER2 CAR-T cells

                                                           Tumor alone

          Round 2
                                                           +HER2 CAR-T cells

                                                           Tumor alone

          Round 3
                                                          +HER2 CAR-T cells

 Source: Shinshu University, BrightPath

                                           21
BP2301 (cont’d)
   BP2301 mediates robust antitumor function in vivo

                Vehicle                   CD19.CAR   HER2.CAR

                                                                                                                                            Vehicle

                                                                Tumor size (Fluorescence Intensity: Total Flux
Day 6

Day14

                                                                             [photons/second])
Day21                                                                                                                                       CD19.CAR

Day28

Day35
                                                                                                                                            HER2.CAR

Day42

        Source: Shinshu University, BrightPath                                                                   Number of days from cancer cell transplant

                                                         22
BP2301 (cont’d)
 BP2301 demonstrates long-term functional persistence in vivo
       BP2301 sustains antitumor function in re-challenge tumor mouse model
                                                  1 x 107

        Re-challenge tumor
        Primary tumor

                                       Vehicle        CD19.CAR     HER2.CAR

Rechallenge
       Day0

Rechallenge
       Day7

Rechallenge
     Day14

  Source: Shinshu University, BrightPath

                                                 23
BP1101
    A fully-personalized neoantigen vaccine, induces immunity
     against antigens derived from cancer-specific genetic mutations
     (neoantigens), which are completely unique to every patient
                                                                                                                                                                                                            T cell migration

                                                                                                                                                                                                                                                   Blood vessel
                                                                                                                                                                     T cell
                                                                                                                                                                                                                                                               T cells infiltrate
                                                                                                                                                                                                                                                               cancer tissue
                                                                                                                                                                                             Lymph node
                                                                                                                                               T cells recognize cancer
                                                                                                                                               antigens presented on
                                                                                                                                               the dendritic cells and
                                                                                                                                               induce multiplication and                                                                                                                      T cells recognize cancer
                                                                                                                                               activation                                                                                                                                     antigens on the cancer cell
                                                                                                                                                                                                                                                                  T cell                      surface

                                                                                                                                                                                                                                                                                    Cancer
                                                                                                                                                                                                                                                                                    antigen
                                                                                                                                                                                                                                                                 Cancer cell
                                                                                                                                                                                                                                Cancer

                                                                                                                                             Cancer antigens phagocytized by      Dendritic cell
                                                                                                                                             dendritic cells appear on the cell
                                                                                                                                             surface

                                                                                                                                                                                                                                         T cells kill cancer               Immune
                                                                                                                                                                                       Kill cancer cells, release                        cells                             checkpoint
                                         50                                                                                            Cutaneous                                       cancer antigens
                                                                                                                                     squamous-cell
                                                                                                                                                                                                                    Dead cancer cell
                                                                                 Merkel-cell
                                                                                                                          Non-colorectal
                                         40                                                                                 (MMRd)
                                                                                                          Melanoma
           Objective Response Rate (%)

                                                                                                                                       Colorectal
                                                                                                                                        (MMRd)
                                         30

                                                                                      Anal

                                                                                                                                                                  Tumor mutation burden (neoantigen burden)
                                                                   Renal-cell

                                                                                    Cervical                                                               
                                         20                        Hepatocellular             Urothelial

                                                     Mesothelioma
                                                                                                    NSCLC(squamous)
                                                                                            NSCLC(non-squamous)
                                                                                      Head and neck
                                                                                                                                                                  correlates with the clinical response to anti-
                                                                                                                                                                  checkpoint therapy, suggesting that neoantigens
Response rate

                                                                                Endometrial           Small-cell lung
                                                          Sarcoma         Ovarian
                                         10                                          Esophagogastric
                                                                    Glioblastoma
                                                                    Prostate
                                                  Uveal     Adrenocortical Breast
                                                      Pancreatic     Germ-cell   Colorectal (MMRp)
                                                                                                                                                                  are cancer immunity targets
                                          0
                                              1                                                      10              20         30      40    50
                                                                       Median No. of Coding Somatic Mutations per MB
                Cancer somatic mutation burden (neoantigen burden)
                                                                                                              Yarchoan et al, NEJM (2017)
                                                                                                                                                                                  24
BP1209
 Antibody-vaccine conjugate with improved vaccine delivery to
  dendritic cells and immune induction

Anti-dendritic cell marker antibody

   Neoantigen peptide vaccine
   (BP1101)

ESMO 2021
1005P ”A new platform of personalized neoantigen cancer vaccines directed by
checkpoint inhibitor antibodies to improve cancer immunity.”                   Source: BrightPath

                                                              25
BP1209 (cont’d)
 Improves anti-tumor immunity by increasing cDC1’s uptake of
  peptide vaccine and migration to lymph node
                                                                                                                       Dendritic cells’ uptake of vaccine
                                Immune induction in a mouse model                                                       and transition to lymph nodes
                                                               (B6 +MC38 neoantigen)
                                 1.2

                                                                                                                                                                                    cDC1

                                                                                                                                                                                           cDC2
                                                                                                                                    1500

                                                                                                 Amount of vaccine transferred to
                                                                                                   the lymph nodes (relative)
         IFNg+/ CD8+ cell (%)

                                 0.8
                                                                                                                                    1000

                                 0.4
                                                                                                                                    500

                                                                                                                                                              cDC1

                                                                                                                                                                         cDC2
                                                                                                                                           cDC1

                                                                                                                                                       cDC2
                                 0.0                                                                                                  0
                                                                                                                                                  Adj         Adj+peptide       Adj+peptide+CD40Ab
                                                                              e
                                                               h)

                                                               h)

  Antibody-binding
                                                              h)
                                                              h)

                                                                                         Antigen peptide
                                                                           lin

                                       2 Eq    2 Eq        -       -          -
                                                            ig

                                                            ig

                                                            ig
                                                            ig

  antigen peptide                                                                                                                                  -             2 Eq                  2 Eq
                                                                         Sa
                                                         (h

                                                         (h

                                                                                         (FAM-labeled)
                                                         (h
                                                         (h
                                                       c

                                                      c

                                                     40
                                                     40
                                                    -F

                                                   nF

    Non-binding
                                                   D
                                                  D
                                                 gk

                                        -        -        2 Eq    2 Eq        -
                                                k-

                                                 C
                                               +C

   antigen peptide                                                                     Anti-DC marker mAb
                                                                                                                                                   -                 -                200
                                             dp

                                               g

                                              +
                                            dp

                                                                                             (μg/head)
                                             c

                                           Fc
                                A

                                          -F

                                         A

                                        -n
                                       gk

                                     gk

                                                                                           PolyICLC
                                   dp

 Anti-DC marker mAb                     -      200         -      200         -                                                                                      8
                                  dp
                                 A

                                                                                           (μg/head)
       (ug/head)
                                A

     PolyICLC
                                                      8                       -
     (μg/head)
                                                                                                                                                               Source: BrightPath

                                                                                  26
BP1209 (cont’d)
 Tumor-bearing mouse study demonstrated increased anti-tumor
  immunity
                                                   Vaccine (OVA)

                                   Day0             3                   10                       33

                                    E.G7 (EL4/OVA)
                                    OVA expressed lymph
                                    Tumor cell transplant

                                        2800

                                        2400

                                        2000                                                saline
                     Tumor size (mm3)

                                        1600
                                                                                            adjuvant only
                                        1200
                                                                    Administration

                                         800
                                                   Administration
                                                                                             vaccine     ← BP1101 type
                                         400
                                                                                                 vaccine-binding
                                           0                                                     dendritic cell marker ← BP1209 type
                                               0                    7                14     21   antibody
                                                        Days after cancer cell transplant

Source: BrightPath

                                                                                     27
BP1401
 Lipid nanoparticle of Type-A TLR9 agonist
    Suppress tumor growth by changing tumor immune-microenvironment
    LNP enables intravenous administration expecting safely brought systemic
     effects, which is differentiated from intratumoral injection-based predecessors in
     a clinical stage
                            Promote cross presentation
                            of Class I antigen

                                                                                           Blood vessel
                            T cell

  Enhancement of antigen-
  presentation                                    Lymph node

                                                                   Recruit T cells to
  BP1401                                                           tumor site

   TLR9 agonist
                                                                                                           T cell

                                                                                                                           Cancer
                                                                                                                           antigen
                                                                                                          Cancer cell
                                                                                  Cancer

                                                               Cancer antigen

                                                                                                              Immune
                                                                                                              checkpoint

                             Macrophage

                                                               Dead cancer cell

                             Myeloid cell, etc.

                                                          28
BP1401(cont’d)
 BP1401 promotes T-cells’ infiltration to and eradication of tumors
 Intratumoral administration of BP1401
                                                                                                                            Predecessors under clinical development are
                                                                                                                            all intratumorally administrated                                                                                   8                                                                                                  6                                                                                        40
                                          4000
                                                                                                                                                                                                                                                                                                                                                                                  **                                                                                                                   **
                                                                N o n -tre a te d                                                                                                                                                                                           **

                                                                                                                                                                                                             R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                                R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                                                                                                                  R e la tiv e E x p r e s s io n
                                                                                                                                                                                                                                               6                                                                                                                                                                                           30
                                                                                                                                                                                                                                                                                                                                                  4
                                                                Is o ty p e -A b                                                Non-treated     D35LNP0.5
                                          3000
                                                                                                                                                                                                                                               4             *                                                                                                                                                                             20
                T u m o r s iz e (m m )
           3

                                                                C D 8 a -A b                                                                                                                                                                                                                                                                      2
                                                                                                                                                                                                                                               2                                                                                                                                                                                           10
                                                                D 35LNP+CD8Ab
                                                                                                                                                                                                                                               0                                                                                                  0                                                                                                      0
                                          2000                  D 3 5 L N P 0 .5 %
                                                                                                                                                                                                                                 10                                                                                            2 .5                                                                                                 2 .0                                                                                                        50
                                                                                                                                                                                                                                                                                                                                                                                  **                                                                                                                                                                                     **
                                                                                                                                                                                                                                                                           **

                                                                                                                                                                                             R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                       R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                                                                                                          R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             R e la tiv e E x p r e s s io n
                                                                                                                                                                                                                                                                                                                                                                                                                                                                          Cxcl11                                                                            Cxcr3
                                                                                                                                                                                                                                               8                                                                               2 .0                                                                                                                                                                                                             40
                                                                                                                                                                                                                                                                                                                                                                                                                                    1 .5

                                          1000                                                                                                                                                                                                 6                                                                               1 .5                                                                                                                                                                                                             30

                                                                                                                            *                                                       s                                                          4                                                                               1 .0
                                                                                                                                                                                                                                                                                                                                                                                                                                    1 .0
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                20

                                                                                                                                                                                                                                                                                                                                                                                                                                    0 .5
                                                                                                                                                                                                                                                                                                                                                                                                                                                                             **     **
                                                                                                                                                                                                                                               2                                                                               0 .5                                                                                                                                                                                                             10
                                                0
                                                                                                                                                                                                                                                             **                                                                                                                                                                                                                                                                                                **   **
                                                    0 1   2   3 4   5   6    7 8    9 10 11 12 13 14 15 16 17 18 19 20 21                                                                                                                      0                                                                               0 .0                                                                                                 0 .0                                                                                                            0

 Intravenous administration of BP1401
                                                                                                                                                                                                                                  6                                                                                                       5                                                                                                                           6

                                                                                                                                                                                                                                                   Ifna6                                                                                                  Ifnb1                                                                                                             Ifng

                                                                                                                                                                                             R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                    R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                                                                                                                                                    R e la tiv e E x p r e s s io n
                                                              N o n -tre a te d                                                                                                                                                                                                                                                           4
                                          4000                                                                                                                                                                                    4                                                                                                                                                                                                                                   4
                                                              D 3 5 o n ly                                                                                                                                                                                                                                                                3

                                                                                                                                                               Interferons                                                                         **
                                                                                                                                                                                                                                                        **                                                                                                                       **                                                                                                **
             T u m o r s iz e (m m )

                                                              D 3 5 L N P 3 .0 %
        3

                                                                                                                                                                                                                                                                                                                                          2
                                                                                                                                                                                                                                  2                                                                                                                                                                                                                                   2
                                          3000
                                                              D 3 5 L N P 0 .5 %                                                                                                                                                                                                                                                          1

                                                                                                                                                                                                                                  0                                                                                                       0                                                                                                                           0

                                          2000                                                                                                                                                                                    6                                                                                                       3                                                                                                                           3                                                                         4

                                                                                                                            *     i.v.                                                                                                             Cxcl9                                                                                                  Cxcl10                                                                                                           Cxcl11                                                                            Cxcr3

                                                                                                                                                                                             R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                    R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                                                                                                                                                    R e la tiv e E x p r e s s io n

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              R e la tiv e E x p r e s s io n
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                3
                                                                                                                                                                                                                                  4                                                                                                       2                                                                                                                           2
                                          1000
                                                                                                                                                               Chemokines                                                                               **                                                                                                                                                                                                                                                                                      2

                                                                                                                                                                                                                                  2
                                                                                                                                                                                                                                                                   **                                                                     1                                                                                                                           1
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       **
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   **                                                           1

                                             0
                                                    0 1   2   3 4   5   6    7 8    9 10 11 12 13 14 15 16 17 18 19 20 21                                                                                                         0                                                                                                       0                                                                                                                           0                                                                         0

 Intravenous administration of BP1401 in combo with anti-PD-1 mAb
                                       800
                                                                Is o ty p e A b
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        g
    tu m o r v o lu m e (m m )

                                                                D 3 5 L N P 0 .5 %
    3

                                       600
                                                                A n ti P D - 1 A b                                                                                                          800                                                                                  600                                                                  *                          200                                                                                                                   150

                                       400                      C o m b in a tio n                                                                                                          600                                                                                                                                                            *                     150
                                                                                                                                                                                                                                                                                 400                                                                                                                                                                                                                   100
                                                                                                                                                                             c e lls /m g

                                                                                                                                                                                                                                                                                                                                                                  c e lls /m g
                                                                                                                                                                                                                                                                  c e lls /m g

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        c e lls /m g
                                                                                                                                                                                            400                                                                                                                                                                                  100

                                       200                                                                                                                                                                                                                                       200                                                                                                                                                                                                                    50
                                                                                                                       *                                                                    200                                                                                                                                                                                   50

                                                                                                                       **
                                            0                                                                                                                                                                   0                                                                  0                                                                                                  0                                                                                                                  0

                                                 0                  5                  10             15              20

                                                                                      day

    Lipid nanoparticles of Type-A CpG D35 suppress tumor growth by changing tumor immune-microenvironment and activate CD8 T cells in mice
    Journal of Controlled Release                                                                          313 (2019) 106-119

                                                                                                                                                            29
BP1200
          A novel antibody targeting CD73
               Adenosine generation in tumors causes T cell exhaustion and dysfunction
               CD73 is highly expressed in various tumors and produce adenosine, leading to
                poor prognosis
                                                                                      Dendritic
T cell                                                                                  cell

                                                                                                    CD8+        Production of adenosine in the tumor
                                                                                                    T cell      environment

                                                                                      CD4+
                                                                                      T cell
                                              T cell

                                                                 Cancer
                                                                 antigen
                                              Cancer cell

                                                                                                             Tumor
          Dendritic cell
                           Cancer antigen

                                                            Immune              Suppress tumor cytotoxicity     Promote differentiation into suppressor T cells
                                                            checkpoint

                           Dead cancer cell

                                                                           30
BP1200 (cont’d)
 BP1200 blocks the function of adenosine-generating enzyme (CD73)
  Superior to benchmarks in clinical stages
 BP1200 promotes T cell division and cytokine secretion, which leads to
  enhance anti-tumor immunity
      • がん免疫を亢進し、抗腫瘍効果を発揮することが期待される

                                                                                       Induction of secretion of
Inhibition of adenosine-generating enzyme               Promotion of T cell division
                                                                                           cytokine (IFN-γ)

                                                                                              ● BP1200
                                                                                              〇 Control antibody
 ESMO 2021
 987P “A novel therapeutic antibody against CD73 that ameliorates the tumor
                                                                                         Source: BrightPath Biotherapeutics
 microenvironment and improves the efficacy of cancer immunotherapy”

                                                              31
BP1210
 Targeting TIM-3 as a novel immune checkpoint following PD-1/L1
 BP1210 blocks TIM-3 and inhibits exhaustion of T cell to enhance anti-tumor
  immunity
 BrightPath’s   target immune checkpoints                             T   cell exhaustion is associated with
                                                                          increased TIM-3 expression
                             T cell

                                                                                           T cell
                                                                                                    Dendritic
                                                                                                      cell

                                                                                                     Naive
                                                                                                     T cell
                                                                                              Anti-
                                                                       BP1210                CTLA-4
                                                       BP1210
                                                                                                                Stem-like memory
                                                                                            PD-1lo              T cell
                                                                        Exhausted
                                                                       (Exhausted)
                                                                            PD-1med          Anti-
                                                                            LAG3+            PD-1
                                                                            TIM-3+
                                                                            CD39+
                                                                      Hyper-exhausted
                                                                     (Hyper-exhausted)
                         Cancer cell                                        PD-1hi
                   Antigen presenting cell                                  LAG3+
                                                                            TIM-3+
                                                                            CD39+
       Red: Clinically validated, regulatory-approved target
       Bold: BrightPath’s target                                                         Granzyme               Cytotoxic T cell

                                                                32
BP1210 (cont’d)
 BP1210 promotes T cell proliferation and cytokine secretion
      Superior to benchmarks in clinical stages

            SEB stimulation of PBMC (in combination with PD-1 antibody)

                                      T cell count                                  IL-2 production                                 IFN-γ production
                                           (day6)                                         (day 6)                                            (day 2)

                           2.0×10 5                                          6000                                           15000

                                                                                                                  (pg/ml)
                                                                                                           IFN-γ (pg/ml)
              cell count

                           1.5×10 5
                                                                   (pg/ml)
                                                             IL-2 (pg/ml)    4000                                           10000
            TT細胞数

                           1.0×10 5

                                                                                                        IFN-γ濃度
                                                          IL2濃度

                                                                             2000                                           5000
                           5.0×10 4

                                 0                                             0                                               0

                                                                                                                                                    体
                                                      体

                                                                                                    体

                                                                                                                                                   抗
                                                     抗

                                                                                                                                          s社
                                                                                                   抗
                                            s社

                                                                                          s社

                                                                                                                                    0
                                      0

                                                                                     0

                                                                                                                                                  ル
                                                    ル

                                                                                                  ル

                                                                                                                                    21
                                      21

                                                                                    21

                                                                                                                                         it i
                                           it i

                                                                                         it i

                                                                                                                                                 ー
                                                   ー

                                                                                                 ー

                                                                                                                                P1
                                  P1

                                                                                P1

                                                                                                                                      ar
                                        ar

                                                                                      ar

                                                                                                                                                ロ
                                                  ロ

                                                                                                ロ

                                                                                                                               B
                                 B

                                                                               B

                                                                                                                                    ov
                                      ov

                                                                                     ov

                                                                                                                                             ト
                                               ト

                                                                                             ト

                                                                                                                                          ン
                                            ン

                                                                                          ン

                                                                                                                                    N
                                      N

                                                                                    N

                                                                                                                                         コ
                                           コ

                                                                                         コ

                                                                                          33
BP1210 (cont’d)
 BP1210 strongly inhibits the binding of ligand PtdSer to TIM-3
         • Superior to benchmarks in clinical stages
 BP1210 promotes T cell proliferation and cytokine secretion
         • Superior to benchmarks in clinical stages

     Binding inhibition of PtdSer                              SEB stimulation of PBMC (in combination with PD-1 antibody)

                                                                T cell count                                  IL-2 production                                 IFN-γ production
                                                                    (day6)                                          (day 6)                                            (day 2)

                                                    2.0×10 5                                           6000                                           15000

                                                                                                                                            (pg/ml)
                                                                                                                                     IFN-γ (pg/ml)
                                       cell count

                                                    1.5×10 5

                                                                                             (pg/ml)
                                                                                       IL-2 (pg/ml)
                                                                                                       4000                                           10000
                                     TT細胞数

                                                    1.0×10 5

                                                                                                                                  IFN-γ濃度
                                                                                    IL2濃度
                                                                                                       2000                                           5000
                                                    5.0×10 4

                                                          0                                              0                                               0

                                                                                                                                                                         体
                                                                               体

                                                                                                                              体

                                                                                                                                                                       抗
                                                                              抗

                                                                                                                                                                      s社
                                                                                                                             抗
                                                                     s社

                                                                                                                    s社

                                                                                                                                                              0
                                                                0

                                                                                                               0

                                                                                                                                                                     ル
                                                                             ル

                                                                                                                            ル

                                                                                                                                                              21
                                                               21

                                                                                                              21

                                                                                                                                                                   it i
                                                                    it i

                                                                                                                   it i

                                                                                                                                                                    ー
                                                                            ー

                                                                                                                           ー

                                                                                                                                                          P1
                                                           P1

                                                                                                          P1

                                                                                                                                                                ar
                                                                  ar

                                                                                                                ar

                                                                                                                                                                          ロ
                                                                           ロ

                                                                                                                          ロ

                                                                                                                                                         B
                                                          B

                                                                                                         B

                                                                                                                                                              ov
                                                                ov

                                                                                                               ov

                                                                                                                                                                       ト
                                                                        ト

                                                                                                                       ト

                                                                                                                                                                    ン
                                                                     ン

                                                                                                                    ン

                                                                                                                                                              N
                                                                N

                                                                                                              N

                                                                                                                                                                   コ
                                                                    コ

                                                                                                                   コ

Source: BrightPath Biotherapeutics
                                                                               34
BP1211
  Anti-PVR antibody to inhibit binding TIGIT to PVR (CD155) and prevent T
   cell exhaustion
 BrightPath   targeting immunocheckpoints

                                                                   Inhibition of TIGIT binding

BP1211                                               BP1210

               (PVR)

                                                                    antibody concentration (log, μg/mL)
      Red: Clinically validated, regulatory-approved target
      Bold: BrightPath target                                                             Source: BrightPath

                                                              35
BP1206
 Anti-HLA-DR antibody targeting HLA-DR on blood cancer cells

                                                                                                                        Antitumor effects in vitro
                                                                                                              dependent on HLA-DR expression
                                                                           100                                                                                                                                                                                                                                                           60,000
                                                                                                                                  Cancer cell killing
                                                                                  80

                                                                                                                                                                                                                                                                                                                                              HLA-DR expression (MFI)
                                                        Viable Cancer Cells (%)
                                                                                                                                                                                                                                                                                                                                         40,000
                                                                                  60

                                                                                  40
                                                                                                                                                                                                                                                                                                                                         20,000
                                                                                  20

                                                                                  0                                                                                                                                                                                                                                                      0

                                                                                                                                                                    MUTZ-5 (ALL)
                                                                                                                      L428 (HL)
                                                                                                                                  GRANTA-519 (DLBCL)

                                                                                                                                                                                                                   JJN-3 (MM)

                                                                                                                                                                                                                                              Rmos (BL)

                                                                                                                                                                                                                                                                                                    OCI-LY-19 (DLBCL)
                                                                                                   Pfeiffer (DLBCL)

                                                                                                                                                       Daudi (BL)
                                                                                       Raji (BL)

                                                                                                                                                                                                      Mino (MCL)

                                                                                                                                                                                                                                                          KG-1 (AML)
                                                                                                                                                                                                                                KMS-11 (MM)

                                                                                                                                                                                                                                                                       KMS-26 (MM)
                                                                                                                                                                                   NU-DHL-1 (DLBCL)

                                                                                                                                                                                                                                                                                     Nalm-6 (ALL)

                                                                                                                                                                                                                                                                                                                        Kasumi-1 (AML)
                       BP1206 induces HMGB1(DAMP) release from dying cancer cells
                                Control             BP1206

 Source: BrightPath                                                                                       HMGB1 in tumor
                                               36
BP1206: (cont’d)
                    BP1206 exhibits robust antitumor effects in vivo
                                                   NOG mouse
                                                                  Day -12         0                                                                                42

                                              Hodgkin’s lymphoma cell L428
                                              s.c. engraftment (n=10)
                                                                              10 mg/kg i.p. Q4D x 4 times

                                                                                                                    1200

                   1400              PBS
                                     Isptype (10mg/kg)
                                                                                                                                                                                  3 complete
                                     BP1206 (1mg/kg)                                                                1000                                                          eliminations
                   1200
                                     BP1206 (5mg/kg)
                                     BP1206 (10mg/kg)                                                                                                                              BP1206 10mg/kg

                                                                                      tu m o r w e ig h t ( m g )
                   1000                                                                                              800
                                                                                                                                                                                   Mouse # 47
Tumor size( mm3)

                    800
                                                                                                                     600
                                                                                                                                                                                   BP1206 10mg/kg
                                     BP1206                                                                                                                                        Mouse # 52
                    600
                                                                                                                     400

                    400
                                                                                                                                                                                   BP1206 10mg/kg
                                                                                                                                                                                   Mouse # 53
                                                                                                                     200
                    200

                      0                                                                                                0
                                                                                                                           Is o ty p e   1 m g /k g   5 m g /k g   1 0 m g /k g
                          -7     0        7        14    21     28     35    42
                                     Days post tumor engraftment

                     Source: BrightPath                                                       37
Company Overview
Company Profile
Company
                 BrightPath Biotherapeutics Co., Ltd. (Tokyo Stock Exchange Mothers: 4594)
name
                 Headquarters:                      2-2-4 Kojimachi, Chiyoda-ku, Tokyo

Location         Kawasaki Research Laboratories: 3-25-22 Tonomachi, Kawasaki-ku, Kawasaki, Kanagawa

                 Cell Technology Laboratories:      3-25-22 Tonomachi, Kawasaki-ku, Kawasaki, Kanagawa

Established      May 8, 2003

Business
                 Development of novel cancer immunotherapy
description
Stated capital   6,459 million yen (as of the end of March 2021)

Number of
                 44 (as of the end of March 2021)
employees

                 Chief Executive Officer                 Kenichi Nagai
                 Chief Science Officer                   Norihiro Nakamura
                 Director (part-time)                    Akira Yamada (Professor at Kurume University)
Management       Director (outside, independent )        Hirotaka Takeuchi (Professor at Harvard Business School)
team
                 Auditor (outside)                       Tsutomu Kishino
                 Auditor (outside, independent)          Taketoshi Abe
                 Auditor (outside)                       Yoshiyasu Yamaguchi (Partner, TMI Associates)

                                                       39
Business Locations

                                       Headquarters:
                                       Kojimachi Central Building 7F,
                                       2-2-4 Kojimachi, Chiyoda-ku,
                                       Tokyo, Japan

                                       Kawasaki Research Laboratories
                                       Cell Technology Laboratories
                                       Life Innovation Center, 3-25-22 Tonomachi, Kawasaki-ku,
                                       Kawasaki, Kanagawa, Japan

                                Haneda Airport

      Tonomachi International
          Strategic Zone
          King SkyFront

                                     神奈川県川崎市川崎区殿町3丁目25
                                     ライフイノベーションセンター412
                                     電話 044-440-3310
                                     FAX 044-440-3311

                                  40
We pioneer immunotherapy, to enable a world where
cancer patients can defeat cancer on their own.
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