Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex

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Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
Corporate Presentation

Inhibiting NOX enzymes to treat multiple
         diseases with high medical need

                               Euronext: GKTX

                                   October 2019
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
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and thus such information may be subject to significant changes. The Company is not under any obligation to update the information or opinions contained herein which are
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                                                                                                                                                                               Page 2
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
Genkyotex: Establishing NOX inhibition as a new therapeutic class

 — We discover and develop oral small molecule NOX inhibitors
   — Activation of NOX enzymes is key in many multifactorial diseases
   — World Health Organization (WHO) recognized NOX inhibitors as a new therapeutic class

 — Lead asset setanaxib (GKT831): a potent anti fibrotic oral small molecule
   — JDRF-funded Phase 2 trial in kidney fibrosis (DKD) ongoing
   — NIH-funded Phase 2 trial in idiopathic pulmonary fibrosis (IPF) to be launched in 2019
   — Further potential in NASH, PSC, and immuno-oncology

 — PBC Phase 2 provides clinical evidence of anti-fibrotic activity in liver fibrosis – a reduction of
   ~3kPa indicating an average of 1-point liver fibrosis reduction

 — Partnership with Serum Institute of India Private Ltd valued at up to €150 million + royalties

 — Trading on Euronext as GKTX since March 2017
   — Cash and cash equivalents of €3.1 million as of September 30 2019, cash runway to March 2020
   — French research tax credit of €0.9 million for 2018 was received in October

          Ph2 PBC highlight the potential of setanaxib as an anti-fibrotic therapy in the
          liver, lung, skin, kidney and other organs
                                                                                                    Page 3
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
Seasoned management team with international life sciences experience

       Elias Papatheodorou           — 25 years of experience in biotechnology and multinational companies
       Chief Executive Officer       — Ex- Philip Morris International, The Coca Cola Company, Novosom AG, Medigene AG
                                       and Covagen AG
                                     — Covagen was acquired by Janssen Pharmaceuticals, a J&J Company
                                     — Strong track record in fundraising, business & corporate development and licensing
                                       transactions

       Philippe Wiesel               — Lead clinical research programs at Serono’s EU and US offices, including the phase 3
                                       program (ex-US) for Raptiva in psoriasis, leading to the first EMA approval of a biologic
       Chief Medical Officer & EVP     agent for psoriasis
                                     — Conducted basic research in the laboratories of Professor Edgar Haber at Harvard
                                       Medical School, and of Professor Hans Brunner at the Division of Hypertension in
                                       Lausanne

                                     — Diverse experiences in Finance with Novartis from 2007-2010 & Alexion from 2010 to
       Alexandre Grassin               2012
       VP Finance & Administration   — Financial Auditor with KPMG

                                                                                                                            Page 4
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
Discovery platform delivers broad pipeline in diseases with high medical need
Setanaxib Phase 2 PBC data support development in multiple fibrotic diseases

                    Program                   Preclinical              Phase 1                 Phase 2   Phase 3

                                          Primary Biliary Cholangitis (PBC)
        Setanaxib - Liver Fibrosis
                                          Final results published July 2019

                                          Diabetic Kidney Disease (DKD) in T1D
      Setanaxib - Kidney Fibrosis
                                          (IIT1 funded by JDRF2 - Trial launched in H2 2017)

                                          Idiopathic Pulmonary Fibrosis (IPF)
        Setanaxib - Lung Fibrosis
                                          (IIT funded by US NIH3 – IND approved by FDA)

                 NOX1 inhibitors           Preclinical

            Novel NOX inhibitors          Discovery

                                          Pertussis vaccine
                       Vaxiclase
                                          (Licensed to SIIPL)
1Investigator initiated trial
2 Juvenile Diabetes Research Foundation
3 National Institutes of Health

                                                                                                                   Page 5
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
NOX inhibitors: pathway based medicine addressing validated disease targets

NOX stands for a group of enzymes called NADPH Oxidases

                     A family of   7 enzymes that amplify multiple signaling pathways
  NOX            NOX1          NOX2            NOX3           NOX4        NOX5           DUOX1             DUOX2

VALIDATED
                NF-kB PI3K     NMDA            TRPV1         TGF-b PDGF
 DISEASE        TRPV1 VEGF     (CNS)        (hearing loss)   RANKL TLR4
                                                                           NA             Thyroid hormone iodination
PATHWAYS

 DISEASE       Inflammation          Angiogenesis             Fibrosis          Proliferation
PROCESSES

              We focus on fibrotic diseases by targeting NOX1 and NOX4 with setanaxib

                                                                                                                       Page 6
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
NOX 1 & 4 are major drivers of fibrogenesis in multiple organs
                                                                                                                                                                                                    Setanaxib
NOXs activates pathways such as TGF-b, PDGF, Hedgehog, TLR4, and CCL2
                                                                                     FIBROGENIC PATHWAYS

                                                                           hog
                                                                      Hedge                   Proliferation                                                                                LUNG
                                                                             PDGF
                                                                                                                                                                                         FIBROSIS
                             LUNG INJURY                                                      Contractility
                                  Smoking                                     ET-1
                              Toxic chemicals
                               Inflammation                                                 Fibrogenesis
                                                                                b1
                                                                            TGF-

                                                                                                                                                                                            LIVER
                                NOX/ROS                                                 Matrix degradation
                                                                         MMP-2                                                                                                           FIBROSIS
                             LIVER INJURY
                                 Steatosis                                TLR4

  Quiescent                     Cholestasis                             MCP-1                  Chemotaxis                                                Activated
  fibroblast                    Hep C/HepB                                                                                                              myofibroblast
                                  Alcohol
                                                                         PDGF                 Retinoid loss
                            RENAL INJURY                                                                                                                                                  KIDNEY
                            Hyperglycemia                               MCP           WBC chemoattraction                                                                                FIBROSIS
                                                                           -1
                          High blood pressure
                             Inflammation
                                                                                      Pathways amplified by NOX1/4

                                   Setanaxib downregulates the activation of multiple clinically validated
                                   fibrogenic and apoptotic pathways*
*Sources:
Brenner DA, Hepatology 2012, Brenner DA, PLoS One, 2015, Torok N, Free Radic Biol Med, 2012. Torok N, Gastroenterology, 2015; Thannickal V, Science Trans Med, 2014; Gray SP, Circulation, 2013

                                                                                                                                                                                                         Page 7
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
Fibrosis: ~45% of all deaths in the developed world1
                                                                                                                                                                                                                                  Setanaxib
We focus on Key fibrosis markets with setanaxib

                                                                                                                                                          Idiopathic Pulmonary Fibrosis
   Liver fibrosis impacts 300 to
                                                                                                                                                           (IPF) affects 3 million people
  700 million people worldwide2
                                                                                                                                                                     worldwide3
 — 1st product in NASH to be approved based                                                                                                            — 2 approved products in IPF each with
   on anti-fibrotic activity in only 23% of                                                                                                              sales around 1 billion USD sales per year
   patients                                                                                                                                            — Pirfenidone to become generic allowing
 — Fibrosis drives transplants and remains the                                                                                                           combination strategies
   unmet medical need

      Diabetic Kidney Disease                                                                                                                               Immuno-oncology therapies
    develops in 20% to 40% of all                                                                                                                             not as effective in highly
             diabetics6                                                                                                                                            fibrotic tumors
 — Diabetic Kidney Disease (DKD) is the                                                                                                                 — Cancer associated fibroblasts (CAFs)
   leading cause of end-stage renal disease4                                                                                                              oppose immunotherapies by shielding
 — Affects 14% to 31% of people with type 1                                                                                                               tumors from T-cells
   diabetes after 20 years of diabetes5                                                                                                                 — Targeting CAFs with setanaxib restores
                                                                                                                                                          response to immunotherapies

 Source 1: The Journal of Clinical Investigation; Common and unique mechanisms regulate fibrosis in various fibroproliferative diseases; March 2007. Source 2: The global impact of hepatic fibrosis and end-stage liver disease ; Lim YS1,Kim WR.
 ClinLiver Dis.2008 Nov;12(4):733-46, vii. doi: 10.1016/j.cld.2008.07.007. Source 3: Nalysnyk L., et al. Incidence and Prevalence of Idiopathic Pulmonary Fibrosis: Review of the Literature. Eur Respir Rev. 2012;21(126):355-361. Source 4: Hovind
 P, Tarnow L, Rossing K, et al. Diabetes care 2003;26:1258-64. Source 5: Groop PH, Thomas MC, Moran JL, et al. Diabetes 2009;58:1651-8. Source 6: Diabetes Care, American Diabetes Association, 2014 Jan;37 Suppl 1:S14-80. doi: 10.2337/dc14-
 S014.
                                                                                                                                                                                                                                             Page 8
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
Rationale for NOX1/4 inhibition with setanaxib in inflammatory and fibrotic disorders

— Setanaxib - Orally available small molecule (NCE) with nanomolar potency
  — NOX1 and NOX4 inhibitor with Ki ~ 100nM in membrane assays
  — ~12 hour half-life in humans
  — Composition of matter protection till 2028/2029 without any extensions

— Rationale for NOX1/4 inhibition in liver fibrosis
  — NADPH oxidases NOX1 & NOX4 produce ROS and modulate signaling through oxidation of signaling proteins
  — NOX1/4 drive multiple inflammatory & fibrogenic pathways (TGFb, PDGF, TLR4, Hedgehog, NF-kB, CCL2,…)
  — NOX1 also activates pathways thought to mediate itching, such as TRPV1
  — Setanaxib shows marked activity in animal models (bile duct ligation, MDR2 KO, STAM, diet-induced NASH,
    CCL4)
                       NOX structure                                TGFb signaling

                                                                                                           Page 9
Corporate Presentation - Inhibiting NOX enzymes to treat multiple diseases with high medical need - Genkyotex
Phase 2 trial of setanaxib in patients with PBC – Final results

                                                                  Page 10
Primary Biliary Cholangitis (PBC):                                                                                                                                                                              Setanaxib
an orphan disease in the large liver fibrosis market

— Disease overview                                                                                                                                                                                             Liver

      •     Chronic autoimmune liver disease - progressive destruction of bile ducts
      •     Prevalence of between 2 - 40 cases per hundred thousand-population1                                                                          Gallbladder
      •     Women make up about 90% of PBC cases
                                                                                                                                                                                                                 Hepatic duct
      •     Diagnosis based on presence of auto-Abs and elevated markers of cholestasis                                                                                                                         Common bile duct
            including alkaline phosphatase (ALP) & gamma glutamyl transpeptidase (GGT)
                                                                                                                                                                                  Cystic
— Therapy                                                                                                                                                                          duct

      • Current medications mainly target cholestasis and include generic anti-                                                                                    Normal bile ducts

            cholestatic drugs (UDCA and fibrates) and obeticholic acid (OCA)

— Unmet medical need
      • Anti-fibrotic agents to delay disease progression and obviate transplant                                                                           Inflammation and scar
      • Effective agents targeting itching and fatigue to restore quality of life                                                                           tissue destroy ducts

      • Safe, well tolerated therapy suitable for combination with anti-cholestatic
            therapies (UDCA, fibrates, OCA)                                                                                                                                                   Primary Biliary Cholangitis

                    Setanaxib’s unique efficacy and safety profile can address the unmet medical need

Source 1 : In Europe, USA and Japan. Boonstra K. et al. Epidemiology of primary sclerosing cholangitis and primary biliary cirrhosis: a systematic review. J Hepatol. 2012 May;56(5):1181-8

                                                                                                                                                                                                                       Page 11
Setanaxib was evaluated in a large 24-week Phase 2 trial                                                       Setanaxib

                                Baseline           Week 6                                            Week 24

   Inadequate biochemical                                           Placebo                                 Follow up
      response to UDCA

    111 randomized                              Setanaxib 400mg once a day (OD)                             Follow up
    (initial target 102)
       ALP ≥1.5XULN
       GGT ≥1.5XULN                             Setanaxib 400mg twice a day (BID)                           Follow up

  — Primary efficacy endpoint: change in GGT at week 24

  — Key secondary endpoints: liver stiffness assessed by Fibroscan®, changes in ALP & QoL

  — Key eligibility criteria
     — ALP ≥1.5XULN & GGT ≥1.5XULN (stratification according to baseline GGT (> or < 2.5XULN)

     — On UDCA for ≥ 6 months & stable dose for ≥ 3 months – stable UDCA dose continued throughout 24-week treatment period

     — Exclusion of history of cirrhosis with complications or current MELD score ≥ 15

     — ALT > 3XULN or total bilirubin > 1XULN

     — Prohibited medications: fibrates and obeticholic acid (12-week wash out)

                                                                                                                    Page 12
Liver fibrosis progressively disrupt liver structure and function                  Setanaxib

                        F1                                  F2

                        F3                                  F4

            Liver fibrosis is the best predictor of long-term outcomes in multiple liver
            diseases
                                                                                       Page 13
Non-invasive assessment of liver fibrosis with Fibroscan®
                                                                                                                                                                                                       Setanaxib
In PBC, liver stiffness ≥ 9.6 kPa corresponds to advanced liver fibrosis of ≥F3
                 Liver stiffness is an indicator of liver inflammation, cholestasis and fibrosis

   Liver
 stiffness

                                                                                                                                Elasticity (kPa)
 Histologic fibrosis
       score

                                                                                                                                                                 Fibrosis stage
 • In multiple liver diseases including PBC, NASH and PSC, liver stiffness correlates with the histologic
     liver fibrosis stage (F0 to F4)1
 • In PSC, elevated liver stiffness is associated with adverse disease outcomes, including liver transplant,
     hepatic complication and death1
 • Our pre-defined cutoff value of 9.6 kPa has been extensively validated and used in previous trials1
 1Corpechot C et al. Baseline Values and Changes in Liver
                                                       Stiffness Measured by Transient Elastography Are Associated With Severity of Fibrosis and Outcomes of Patients With Primary Sclerosing
 Cholangitis. Gastroenterology 2014;146:970–979. Corpechot C et al. Assessment of Biliary Fibrosis by Transient Elastography in Patients With PBC and PSC. Hepatology 2006;43:1118-1124. Park CC et al. Magnetic
 Resonance Elastography vs Transient Elastography in Detection of Fibrosis and Noninvasive Measurement of Steatosis in Patients with Biopsy-proven Nonalcoholic Fatty Liver Disease. Gastroenterology 2017; 152(3):
 598–607.
                                                                                                                                                                                                               Page 14
Phase 2 trial of setanaxib in PBC: Baseline patient characteristics                                  Setanaxib

                                                       Setanaxib     Setanaxib
  Baseline patient characteristics        Placebo                                                ALL
                                                       400mg OD      400mg BID
  N                                          37            38             36                     111
  Age (years)                              56 (9)        57 (9)         56 (9)                  56 (9)
  Females (%)                                95            79             94                      89
  Body weight (kg)                        73 (15)        73 (13)       70 (16)                 72 (15)
  UDCA dose (mg/kg)                      13.0 (4.1)     15.9 (5.6)    16.4 (10.4)            15.1 (7.3)
  Liver stiffness measurement (kPa)      10.7 (7.0)    12.5 (13.7)     8.3 (3.7)             10.7 (9.5)
  GGT (IU/L)                             227 (200)      242 (167)     242 (181)              237 (182)
  ALP (IU/L)                             300 (141)      302 (121)     346 (164)              315 (143)
  ALT (IU/L)                              43 (16)        45 (22)       56 (35)                 48 (26)
  AST (IU/L)                              43 (17)        44 (21)       50 (31)                 46 (24)
  Total bilirubin (µmol/L)               10.7 (4.3)     11.1 (4.6)    10.4 (4.6)             10.7 (4.5)
  hsCRP (mg/L)                            4.8 (4.6)     5.8 (5.2)      5.1 (5.1)              5.3 (4.9)
  Values expressed as mean (±SD)                                                    1   Once daily; 2 Twice daily

               Baseline characteristics in line with the targeted population of active PBC
               patients
                                                                                                             Page 15
Setanaxib 400mg BID achieves significant reduction in GGT over the                                                                     Setanaxib
24-week treatment period (p
Setanaxib 400mg BID achieves significant reduction in ALP over the                                                                  Setanaxib
24-week treatment period (p
Setanaxib 400mg BID achieved statistical significance for primary endpoint                                     Setanaxib
after correction of non-normal distribution (p=0.02)

                           Primary endpoint: change in GGT at Week 24
                                          Interim analysis                      Final analysis
      Primary endpoint: change in GGT
                                              (Week 6)                            (Week 24)

                                                              Without correction for     With correction for non-
      Statistical method
                                                             non-normal distribution      normal distribution*

      400mg BID compared to placebo           p
In the full population setanaxib prevents progression of liver stiffness                                                              Setanaxib

                            Percent change in liver stiffness (%)                      Absolute change in liver stiffness (kPa)

                                                         Placebo   400mg OD                               400mg BID

                              5                                                                  0,5
                                        +4%                                                                    +0.4
                              4                                                                  0,4

                                                                    stiffness at Week 24 (kPa)
                              3

                                                                     Absolute change in liver
                                                                                                 0,3
 stiffness at Week 24 (%)
  Percent change in liver

                              2                   +1%                                            0,2
                              1                                                                                         +0.1
                                         N=32     N=33                                           0,1
                              0                                                                                N=32     N=33
                                                            N=26                                   0
                             -1                                                                                                N=26
                                                                                                 -0,1
                             -2
                             -3                                                                  -0,2

                             -4                                                                  -0,3

                             -5                                                                  -0,4
                                                            -5%                                                                -0.4
                             -6   Median values                                                  -0,5   Median values

                              Trend seems to be dose dependent. Baseline values are 10.7 for placebo, 12.5
                              for 400mg OD and 8.3 kPa for 400mg BID
                                                                                                                                          Page 19
Setanaxib achieved clinically meaningful reduction in liver stiffness in
                                                                                                                                                       Setanaxib
patients with estimated liver fibrosis score of ≥ F3

                                   Patients with baseline liver                                                Patients with baseline liver
                                        stiffness < 9.6 kPa                                                         stiffness ≥ 9.6 kPa

                                                                Baseline    Week 24
                              16                                                                          16
                                       Upper limit of normal (7 kPa)                                                     14.2   14.1
                              14                                                                          14                           13.1
                                                                                                                  12.7
Liver stiffness at Baseline

                                                                            Liver stiffness at Baseline
                                                                                                                                              12.2
                              12                                                                          12
    and week 24 (kPa)

                                                                                and week 24 (kPa)
                              10                                                                          10
                                                                                                                                                     9.1
                              8                                  7.0 6.8                                  8
                                             6.2    6.2 6.3
                              6        5.7                                                                6

                              4                                                                           4

                              2                                                                           2

                              0                                                                           0
                                       Placebo     400mg OD     400mg BID                                         Placebo       400mg OD      400mg BID
                                        (n=18)       (n=21)       (n=20)                                           (n=17)         (n=14)        (n=14)
Median values                                                                                    Median values

                                                                                                                                                           Page 20
In just 24 weeks of treatment setanaxib achieves average reduction of                                                                              Setanaxib
3kPa – an estimated one-point fibrosis score reduction
                               Percent change in liver stiffness                                 Absolute change in liver stiffness
                                                 Placebo (n=17)         400mg OD (n=14)                             400mg BID (n=14)

                                 15                               Mean ± SEM                                   2                          Mean ± SEM
                                 10
                                                                                                               1

                                                                                  stiffness at week 24 (kPa)
                                 5

                                                                                   Absolute change in liver
    stiffness at week 24 (%)
     Percent change in liver

                                          +4.2                                                                            +0.4
                                 0                                                                             0
                                                     -5.3
                                 -5
                                                                                                               -1
                                -10                                                                                                -1.9
                                -15                                                                            -2
                                                                                                                                            -2.7
                                -20                           -20.9
                                                                                                               -3
                                -25
                                                                                                               -4
                                -30
                                                   p=0.039                                                                       ~3 kPa
                                -35                                                                            -5

                               Setanaxib achieves clinically significant reduction in liver stiffness in PBC
                               patients with elevated liver stiffness
                                                                                                                                                       Page 21
Patients with the greatest medical need show marked reductions in GGT                                                        Setanaxib

                                                           Percent reduction in GGT at week 24
                                                   All patients
Patients with the greatest medical need show marked reductions in ALP                                                                       Setanaxib

                                                                     Percent reduction in ALP at week 24
                                                       All patients
Setanaxib 400mg BID significantly improves Quality of Life domains
                                                                                                                      Setanaxib
including fatigue

                                            PBC-40 questionnaire                                     1   Once daily; 2 Twice daily

                                                     Setanaxib           Setanaxib         p value (400mg BID vs
  PBC-40 QoL domains              Placebo
                                                    400mg OD1           400mg BID2          placebo at week 24)
  General symptoms                    1.1               1.1                 -3.7                    0.156
  Itch (Pruritus)                    -6.8              -11.4                -9.5                    0.443
  Emotional                           8.7               4.9                -16.9                    0.031
  Fatigue                             2.4               0.3                 -9.9                    0.027
  Social                              9.3               8.1                 -7.7                    0.003
  Cognitive                           5.2               16                  -1.9                    0.332
  Mean percent changes from Baseline to Week 24 in Quality of Life domains included in the PBC-40 questionnaire.
  p values for comparison of changes in the 400mg BID dose against placebo are shown.

     • Reduced quality of life is one of the main unmet medical need in PBC
     • Fatigue is the most common symptom in PBC patients
     • Approved therapies do not improve quality of life

            Setanaxib 400mg BID improved quality of life across multiple domains
            important to PBC patients
                                                                                                                             Page 24
Setanaxib was safe & well tolerated at all doses over the 24-week treatment                                   Setanaxib
period

                                                                           Setanaxib              Setanaxib
                                                      Placebo
                                                                           400mg OD               400mg BID
   SAEs                                                   1                      0                      1
   AEs                                                   121                    119                    100
   AEs leading to patient discontinuation                 0                      2                      2
   AEs leading to drug interruption                       1                      1                      2
   Gastrointestinal                                      22                     25                     25
   Infections                                            24                     12                     11
   Skin and subcutaneous tissue                          12                     15                     14
   Nervous system                                        12                     17                      9
   General disorders                                     14                      6                     12
   Musculoskeletal and connective tissue                 10                     12                      6
   Investigations                                         3                      7                      7
   Injury, poisoning, procedural complications            4                      4                      5
   Respiratory, thoracic, and mediastinal                 4                      5                      4
   Psychiatric disorders                                  7                      1                      0
   Incidence of Treatment-Emergent Adverse Events by System Organ Class (top 10 system organ classes ranked
   according to AE incidence)

           Excellent safety profile supports combination therapy with generically
           available anti-cholestatic agents including UDCA and fibrates
                                                                                                                  Page 25
Data supports use of setanaxib in a broad patient population, including
                                                                                           Setanaxib
patients with advanced fibrotic liver disease

 • Setanaxib shows marked efficacy in difficult to treat patients with advanced disease
     • Setanaxib achieved clinically meaningful reductions in liver stiffness in patients with
         elevated liver stiffness at baseline (≥9.6 kPa)
     • Patients with even modest elevation in liver stiffness (≥7.3 kPa) benefit from setanaxib
         for both liver stiffness and markers of cholestatic injury (GGT and ALP)
 • Setanaxib is the first compound to improve quality of life, with a marked effect on fatigue
 • Setanaxib was safe and well tolerated at all doses
 • Company plans to advance setanaxib into late stage clinical trials in PBC and other fibrotic
    liver diseases, like NASH and PSC
      • JDRF-funded Phase 2 diabetic kidney disease (DKD) trial ongoing
      • NIH-funded Phase 2 idiopathic pulmonary fibrosis (IPF) trial to be launched in the next
         months

                                                                                                  Page 26
Appendix – Additional Information on Genkyotex

                                                 Page 27
Corporate information

  §   Stock market information                                §   Shareholding structure (as at April 26, 2019):
       – Markets: Euronext Paris and Euronext Brussels
       – Number of shares: 8,245,483 (as of 30 Sept. 2019)

  §   Cash Position
      – €3.1 m in Cash & Cash equivalent (30 Sept. 2019)
      – French research tax credit of €0.9 million for 2018
        was received in October
      – Cash runway to March 2020

  §   Stock codes
       – Name: GENKYOTEX
      – Mnemonic: GKTX
      – ISIN code: FR0013399474

  §   Contacts Genkyotex
      – Elias Papatheodorou – CEO
      – Alexandre Grassin – VP Finance and
        Administration

         Tel.: +33 4 80 16 06 07
         E-mail: info@Genkyotex.com
         Website: www.genkyotex.com

                                                                                                                   Page 28
Composition of matter protection till 2028/2029 without any extensions                                               Setanaxib

— Setanaxib (per se) and its derivatives in treating NADPH related disorders
   Country                 Application No.         Patent No.        Anticipated expiry         Type of protection
   USA                       13/120,440            9,096,588            22.09.2029                   NCE/use
   USA                       14/750,019             Pending                    -                     NCE/use
   Europe                    9787271.7              2344492             22.09.2029                   NCE/use
   Europe                   14190340.1              Pending                    -                     NCE/use
   Japan                    2011-527466             5700837             22.09.2029                   NCE/use
   Japan                    2014-254651             5932008             22.09.2029                   NCE/use

— Setanaxib (generically) and its derivatives in treating NADPH related disorders
   Country                 Application No.         Patent No.        Anticipated expiry         Type of protection
   USA                       12/532,336            8,389,518            12.04.2028        Pharmaceutical formulations/use
   USA                       13/734,205            9,073,919            20.03.2028        Pharmaceutical formulations/use
   Europe                   08718102.0              2139477             20.03.2028        Pharmaceutical formulations/use
   Europe                   12187254.3              2545918             20.03.2028        Pharmaceutical formulations/use
   Japan                    2009-554036             5715340             20.03.2028        Pharmaceutical formulations/use
   Japan                    2015-050104             6047189             20.03.2028        Pharmaceutical formulations/use

                      Solid IP portfolio with potential of term extensions in the US,
                      Europe and Japan

                                                                                                                         Page 29
Phase 2 trial in type 1 diabetes-induced kidney disease (DKD)                                                                                                                     Setanaxib

               Trial                         # patients                                                                                              Design

                                                                                                          l 48-week treatment in up to 15 centers in Australia. Trials
             Phase 2                 l 142 T1D DKD patients                                                   conducted by Baker Heart and Diabetes Institute in Melbourne
                                                                                                          l Setanaxib 200mg BID against matching placebo, twice daily

                                                                                                      Primary endpoint

                                                 l Change in urinary albumin to creatinine ratio (UACR), adjusted for baseline

                                                                                                    Secondary endpoint

                                                 l Renal function: estimated glomerular filtration rate (eGFR), and cystatin C
                                                 l Renal injury: NGAL, KIM-1
                                                 l Inflammation: hsCRP, fibrinogen, IL-6

                                                 l Metabolomics and lipidomics profiles

                                                 l Exploratory epigenetics and transcriptomics studies

                                               The IIT DKD phase 2 trial funded by JDRF is currently recruiting
Sources 1NGAL: neutrophil gelatinase-associated lipocalin; KIM-1: kidney injury marker 1; hsCRP: high sensitivity C-reactive protein; IL-6: interleukin-6; T1D: type 1 diabetes

                                                                                                                                                                                      Page 30
Initial phase 2 results in diabetic kidney disease (DKD)                                                                          Setanaxib

Setanaxib significantly improved multiple predefined secondary efficacy endpoints of liver inflammation and
injury. Importantly, the study confirmed the favourable safety profile of setanaxib

— Excellent safety profile up to 200mg BID for 12 weeks                              — Setanaxib significantly reduces the incidence of
   — Well tolerated with fewer adverse events than placebo : moderate                  adverse events
     to severe AEs 57 vs 15 (p
Preclinical studies: over 50 publications in leading peer-reviewed journals                                    Setanaxib

                   Excess TGF-b mediates muscle weakness associated with bone metastases in mice
                   Nat Med. 2015 Nov;21(11):1262-1271
“GKT831 treatment prevented skeletal muscle oxidation and nitrosylation of RyR1, restored calstabin1 binding and
improved EDL muscle–specific force. […]”

                   NOX4-dependent fatty acid oxidation promotes NLRP3 inflammasome activation in macrophages
                   Nat Med. 2016 Sep;22(9):1002-12
“[…] our results demonstrate the potential of the NOX1 and NOX4 inhibitor GKT831, which is currently in phase 2
human clinical trials, as an NLRP3 inflammasome inhibitor […]”

                   Reversal of Persistent Fibrosis in Aging by Targeting Nox4-Nrf2 Redox Imbalance
                   Sci Transl Med. 2014 Apr 9;6(231):231ra47
“GKT831 treatment led to a reversal of age-associated persistent fibrosis and reduced mortality. […]” in an IPF model

                   Hepatocyte NADPH Oxidase 4 Regulates Stress Signaling, Fibrosis, and Insulin Sensitivity
                   During Development of Steatohepatitis in Mice
                   Gastroenterology. 2015 Aug;149(2):468-80
“Inhibition of NOX4 by GKT831 improves inflammation and fibrosis in fast food diet-fed mice. […]”

                   Targeting the Myofibroblastic Cancer-Associated Fibroblast Phenotype Through Inhibition of NOX4
                   J Natl Cancer Inst. 2018 Jan 1;110(1)
“[…] pharmacological inhibition of NOX4 may have broad applicability for stromal targeting across cancer types. […]”
                                                                                                                    Page 32
Setanaxib markedly reduces fibrosis and inflammation in diet-induced NASH model
                                                                                                               Setanaxib
Robust anti-fibrotic activity despite sustained steatosis
                                                           Fast food diet model of NASH

                                                                  831                               831

                                                                 831                                831

                                                                                           GKT831
Source: Torok N et al, Gastroenterology 2015   Reduced inflammation and fibrosis despite sustained steatosis
                                                                                                                   Page 33
Setanaxib reverses fibrosis & improves survival in a model of irreversible lung fibrosis                                                                               Setanaxib
The bleomycin model conducted in aged mice induces irreversible lung fibrosis

                                                                                          Percent survival
                                                                                                                              GKT
                                                                                                                              Vehicle

                                                                                                                                                           p = 0.043

                                                                                                                                        Days post injury

                                                                                                                                                  6 weeks post
                                                                                                                                                     injury

                                                                                                             Hydroxyproline
                            GKT
                                             n = 21-23/group

                                                                                                               (µg/lung)
                            Vehicle
          Body weight (g)

                                           Start of
                                         treatment

                                                                                                                                    Control    Vehicle       GKT831
                                      Weeks post injury
                                  Source: Victor Thannickal et al., University of Alabama. Science Translational Medicine, 2014
                                                                                                                                                                           Page 34
Four Phase 1 studies: very good safety and pharmacodynamics (PD) profile                                                                                                                                                     Setanaxib

Safety and PK                                                                                                                        Pharmacodynamics
— No dose limiting toxicity                                                                                                      — Setanaxib reduces ROS production induced by UVB4 in vitro1
                                                                                                                                       120000
— No safety signal                                                                                                                                                                                                UV + vehicle
                                                                                                                                       100000
                                                                                                                                                                                                                  UV + setanaxib 0.2 µM

                                                                                                                           fluorescence)
— Dose proportional PK up to 900mg/day

                                                                                                                           ROS (relative
                                                                                                                                           80000                                                                  UV + setanaxib 2 µM
                                                                                                                                           60000                                                                  UV + Trolox
— Setanaxib is rapidly absorbed after oral dosing                                                                                                                                                                 UV + setanaxib 20 µM
                                                                                                                                           40000
  (median tmax ~ 1h)                                                                                                                                                                                              UV + DPI
                                                                                                                                           20000
                                                                                                                                                                                                                  No UV
— Mean half-life of parent compound is 8-15 hours                                                                                             0
                                                                                                                                                   0                     10   20    30    40    50      60   70
                                                                                                                                                                              Time after UV (minutes)
— Minimal renal elimination (
Post-hoc analyses explored the loss of statistical significance at Week 24 and
                                                                                           Setanaxib
the therapeutic benefits achieved with setanaxib

  • Exploring week-24 GGT data
    • Analyses explored potential causes for the loss of statistical significance at week 24
  • Correlation between changes in GGT and ALP at week 24
    • The correlation between changes in GGT and ALP was assessed to confirm that the
        observed reductions in GGT and ALP reflected a consistent reduction in cholestatic injury

  • Responder analysis
    • Analyses were carried out to further explore the therapeutic benefits achieved with
        Setanaxib
     • A key question was whether setanaxib also reduced cholestatic injury in patients with
        elevated liver stiffness, in addition to reducing liver stiffness

                                                                                               Page 36
Normal distribution of GGT data was observed for the placebo                               Setanaxib
and 400mg BID groups

 • A normal distribution of data is one in which the majority of data points occur within a small
    range, with few outliers on the higher and lower ends of the data range
 • Mean (average) and median values are similar
 • Standard deviations are small compared to the mean value
 • At week 24, distribution of GGT data in the placebo and 400mg BID groups was normal
             Baseline to Week 24 (%)
               Change in GGT from

                                                                                               Page 37
Post-hoc analyses identified non-normal data distribution in the 400mg OD
                                                                                               Setanaxib
group as the reason for the loss of statistical significance at week 24

             Baseline to Week 24 (%)
               Change in GGT from

 • At week 24, distribution of GGT data in the 400mg OD group was considered as non-normal
 • Non-normal data distribution in the 400mg OD group caused the loss of statistical significance at
    week 24 for the 400mg BID group

                                                                                                   Page 38
Efficacy of setanaxib confirmed by correlated reductions in cholestatic markers                                        Setanaxib

                                             Correlation between changes in ALP and GGT at week 24
                                            Pearson’s correlation coefficient = 0.61
                                            p value
Even patients with modest liver stiffness show significant reductions in ALP                                                  Setanaxib

                                                               Percent reduction in ALP at week 24
                                                 All patients
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