Creating a New Class of Durable Redosable Gene Therapy - FOR MILLIONS OF PATIENTS LIVING WITH RARE AND PREVALENT DISEASES

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Creating a New Class of Durable Redosable Gene Therapy - FOR MILLIONS OF PATIENTS LIVING WITH RARE AND PREVALENT DISEASES
Creating a New Class
               of Durable Redosable
               Gene Therapy
               FOR MILLIONS OF PATIENTS LIVING
               WITH RARE AND PREVALENT DISEASES

NASDAQ: GBIO                             MAY 2021
Creating a New Class of Durable Redosable Gene Therapy - FOR MILLIONS OF PATIENTS LIVING WITH RARE AND PREVALENT DISEASES
Non-Viral Gene Delivery
of Human FVIII to
Hemophilia A Mice and
Non-Human Primates
MAT THEW G. STANTON , DEB KLAT TE, MAT T CHIOCCO,
LUKE HAMM, ELIZABETH NELSON, LEAH LU, GREG
FEINSTEIN, NOLAN GALLAGHER, JIE SU, ANDREW
MILSTEAD, DI BUSH, RUSSELL MONDS, NICHOLAS
PARSONNET, ASHLEY PENVOSE, SARAH LAGOY, ERIK
HANSEN, JONATHAN KIT TEL , ANASTASIA LYMAR, KATI
VU, MICHELLE RODRIGUEZ JOYCE, KARL MALAKIAN,
JEFF MOFFIT T

                                       MAY 2021
Creating a New Class of Durable Redosable Gene Therapy - FOR MILLIONS OF PATIENTS LIVING WITH RARE AND PREVALENT DISEASES
Forward-looking statements
Any statements in this presentation about future expectations, plans and prospects for the company, including statements about our strategic
plans or objectives, our technology platforms, our research and clinical development plans, and other statements containing the words “believes,”
“anticipates,” “plans,” “expects,” and similar expressions, constitute forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various
important factors, including: uncertainties inherent in the identification and development of product candidates, including the conduct of research
activities, the initiation and completion of preclinical studies and clinical trials and clinical development of the company’s product candidates;
uncertainties as to the availability and timing of results from preclinical studies and clinical trials; whether results from preclinical studies will be
predictive of the results of later preclinical studies and clinical trials; expectations for regulatory approvals to conduct trials or to market products;
challenges in the manufacture of genetic medicine products; whether the company’s cash resources are sufficient to fund the company’s operating
expenses and capital expenditure requirements for the period anticipated; the impact of the COVID-19 pandemic on the company’s business and
operations; as well as the other risks and uncertainties set forth in the “Risk Factors” section of our most recent annual report on Form 10-K, which
is on file with the Securities and Exchange Commission, and in subsequent filings the company may make with the Securities and Exchange
Commission. In addition, the forward-looking statements included in this presentation represent the company’s views as of the date hereof. The
company anticipates that subsequent events and developments will cause the company’s views to change. However, while the company may
elect to update these forward-looking statements at some point in the future, the company specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as representing the company’s views as of any date subsequent to the date on which they
were made.

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Creating a New Class of Durable Redosable Gene Therapy - FOR MILLIONS OF PATIENTS LIVING WITH RARE AND PREVALENT DISEASES
Generation Bio has built the foundation to unlock the full potential of gene therapy

                     Non-immunogenic                                                     Large cargo capacity
                     • Patients with existing antibodies to AAV                          • Genes that are too large for AAV
                     • Titration to effect for every patient                             • More potent constructs
                                                                        ceDNA
      PATIENTS       • Ability to intervene early in life when it   closed-ended DNA     • Addition of regulatory elements
                       matters most

                     Manufacturing scale & speed                                         Specific, on-target delivery
                     • Rapid cycle from idea to test article                             • High selectivity for cell type of choice
                       (4 weeks)
                                                                                         • Amenable to many tissues/cell types
                     • Currently comparable scale and cost
        RAPID          to biologics                                      ctLNP
    DEVELOPMENT &
    SCALING ENGINE                                                   cell-targeted LNP
                     • Move to enzymatic process enables
                       scale more comparable to mRNA

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Creating a New Class of Durable Redosable Gene Therapy - FOR MILLIONS OF PATIENTS LIVING WITH RARE AND PREVALENT DISEASES
To unlock this potential, solutions to two independent, decades old challenges are
required

    Innate Immunity                                                                                               Access to Nucleus

    • Non-viral delivery systems deliver DNA to endosome                                                          • Non-viral delivery systems such as LNPs only deliver
      and cytoplasm of macrophages which are rich in DNA                                                            cargo to the cytoplasm of target cells
      pattern recognition receptors (PRRs)
                                                                                                                  • For gene therapy applications, independent solutions
                    • AAV “shields” DNA from innate immune sensors until DNA
                      is in nucleus                                                                                 to nuclear uptake must be implemented
                                 IFN-alpha
                                                                                       IFN-gamma                  pDNA injected into       pDNA injected into
                          1500
                                             control                             400
                                                                                                   control        nucleus:                 cytoplasm:
     Mean Concentration

                                                            Mean Concentration

                                             standard LNP                                          standard LNP
                                                                                 300
                          1000
          (pg/ml)

                                                                 (pg/ml)

                                                                                 200
                          500
                                                                                 100

                            0                                                     0

    • This response limits doses of traditional LNPs/DNA to
      0.5 mg/kg or less – below where these systems can                                                                          plasmid                    plasmid
      drive therapeutically meaningful expression
                                                                                                                     100% of cells GFP positive   0% of cells GFP positive

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Creating a New Class of Durable Redosable Gene Therapy - FOR MILLIONS OF PATIENTS LIVING WITH RARE AND PREVALENT DISEASES
We have developed unique and proprietary solutions to both challenges

    Innate Immunity                                             Access to Nucleus

    • By engineering our LNPs to “de-target” macrophages        • Unlike pDNA, our closed-ended DNA construct
      and then actively re-targeting them to desired cell         provides GFP positive cell populations after delivery to
      types (hepatocytes in liver) we have dramatically           the cytoplasm of cells
      opened the therapeutic index for non-viral DNA
      delivery. We call these cell-targeted LNPs or ctLNP
                                                                ceDNA injected into            ceDNA injected into
    • 0.5 mg/kg; 6 hours post dose serum IFNa:                  nucleus:                       cytoplasm:
                                   IFN-alpha
                            2000
                                                 PBS
       Mean Concentration

                                                 standard LNP
                            1500
                                                 ctLNP
            (pg/ml)

                            1000

                            500                                                  ceDNA

                              0                                        100% of cells GFP positive       40% of cells GFP positive

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Creating a New Class of Durable Redosable Gene Therapy - FOR MILLIONS OF PATIENTS LIVING WITH RARE AND PREVALENT DISEASES
More context on ctLNP – our strategy critically relied on the ability to eliminate
phagocytosis by macrophages while maintaining endosomal escape

Phagocytosis assay (labeled LNP       pH dependent endosomal escape      Addition of GalNAc to target
uptake into human macrophages)        assay                              hepatocytes (6 hr qPCR data)
    • LNPs are labelled with DiD       • LNPs are incubated with          • Perfused tissues were
                                         serum and followed by mixing       collected at 6 hours and
    • THP1 monocytes are
                                         with endosome                      levels of ceDNA were
      differentiated into
                                         mimicking liposomes for a          determined by qPCR
      macrophages
                                         set period of time​ at 37°C
    • Macrophages are incubated
                                       • The incubation occurs at
      with LNPs for a set period of
                                         controlled pHs
      time, cells are then washed
      and imaged for visualization     • DNA release from LNPs is
                                         measured using PicoGreen
                                         assay
                                       • Adapted from Zhang et al.,
                                         Journal of Controlled Release
                                         174 (2014) 7–14.

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More context on ctLNP – our strategy critically relied on the ability to eliminate
phagocytosis by macrophages while maintaining endosomal escape

    Phagocytosis assay (labeled LNP                  pH dependent endosomal            Addition of GalNAc to target
    uptake into human macrophages)                        escape assay                 hepatocytes (6 hr qPCR data)

              Standard LNPs                          Standard LNPs Endosomal Release                                         Standard LNPs

                                                                                       ceDNA copies per organ
                                                   50%                       pH 6.0
                                                                                                                 1 x 1010

                                      Free ceDNA
                                                   40%
                                                                                                                  8 x 109
                                                   30%                                                            6 x 109

                                                   20%                                                            4 x 109

                                                   10%      pH 7.4                                                2 x 109

                                                                                                                        0
                                                   0%
                                                                                                                               Spleen        Liver
                                                                     Base

                 ctLNP                                   ctLNP Endosomal Release                                                ctLNP

                                                                                       ceDNA copies per organ
                                                   50%                                                          2.5 x 1011
                                                                             pH 6.0
                                      Free ceDNA

                                                   40%                                                           2 x 1011

                                                   30%                                                          1.5 x 1011

                                                   20%                                                           1 x 1011
                                                   10%      pH 7.4                                               5 x 1010
                                                    0%                                                                  0
                                                                     Novel                                                     Spleen        Liver

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Solutions to innate immunity and/or nuclear uptake open significant new and differentiated
opportunities
                                                                                                    Rare liver diseases
                                                                                                    Lead programs in Hemophilia A and PKU with
                                                                                                    rapid follow on in Wilson disease, Gaucher and
                                                                                                    others
                                                                                                              See Monds poster

      Gene editing in rare liver and retina
    Targeted gene insertion for one-time correction                                                                                    Retinal diseases
                                                                                                                                       Lead programs in LCA10, Stargardt and Wet
                                                                                                                                       AMD

                                                                                  ceDNA    ctLNP   CMC

                                    Vaccines
                                                                                                                                     Antibody gene transfer
                                                                                                                                     Examples include hepatitis B, HIV and sickle cell
                                                                                                                                     disease, Wet AMD, etc.

                                                                                                                                                See Silver poster

                                   Targeted therapy across multiple tissues
                                               Examples include skeletal muscle, CNS and
                                                                      oncology therapies

9
                                                         Solid arrows = focus areas; spotted gray arrows = conceptual
Solutions to innate immunity and/or nuclear uptake open significant new and differentiated
opportunities
                                                                                                     Rare liver diseases
                                                                                                     Lead programs in Hemophilia A and PKU with
                                                                                                     rapid follow on in Wilson disease, Gaucher and
                                                                                                     others
                                                                                                               See Monds poster

       Gene editing in rare liver and retina
     Targeted gene insertion for one-time correction                                                                                    Retinal diseases
                                                                                                                                        Lead programs in LCA10, Stargardt and Wet
                                                                                                                                        AMD

                                                                                   ceDNA    ctLNP   CMC

                                     Vaccines
                                                                                                                                      Antibody gene transfer
                                                                                                                                      Examples include hepatitis B, HIV and sickle cell
                                                                                                                                      disease, Wet AMD, etc.

                                                                                                                                                 See Silver poster

                                    Targeted therapy across multiple tissues
                                                Examples include skeletal muscle, CNS and
                                                                       oncology therapies

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                                                          Solid arrows = focus areas; spotted gray arrows = conceptual
Hemophilia A
Redosable childhood intervention; titration to correct level in each patient

                D I S E A S E                                                              O U R   A P P R O A C H

           ~16,000 patients in US

        Diagnosis in early childhood

       Bleeding disorder caused by
      deficiency in clotting factor VIII

       Gene therapy in development
        limited to adults, efficacy is
            variable and waning

                                                                       P O T E N T I A L   T H E R A P E U T I C   O P P O R T U N I T Y

                                                    ★ Greater potency based on larger genetic payload
                                                    ★ Titration to target expression level for each patient
                                                    ★ Dosing in childhood before disease progression
                                                    ★ Redosing to extend benefit over a lifetime

Atalay et al., Ital. J. Med. 9(3): 290-293 (2015)
AAAS EurekAlert! 30 Aug 2018 Univ. Witwatersrand

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Demonstrated durability and redosing with Factor IX in immune competent mice
No decrease in expression throughout study period, redosing increases expression proportionately

       Durability                                   FIX used as surrogate for durability and redosing in wildtype mice because this human
       & redosing                                         protein does not raise neutralizing antibodies in mice, unlike human FVIII
       in mice

                                                     Factor IX                                            Factor IX
                                      100
                FIX (% WT activity)

                                      10

                                       1

                                      0.1
                                            0   7   14 21 28 35 42 49 56 63 70 77
                                                             Day

                 •                     Single IV administration at study day 0            •   Single IV administration at study day 0
                 •                     Factor IX activity calculated from protein ELISA   •   Re-dosed at day 36 at same dose level
                                                                                          •   Factor IX activity calculated from protein ELISA

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Mouse proof of concept and translation of expression from mouse to NHP

        Target levels of factor VIII expression            &                  Translation of expression across species
                 in Hemophilia A mice                                                    from mouse to NHP

     Development Construct: FVIII Expression                         Research Construct: Species Translation
           Systemic IV administration via ctLNP (Day 10)                             Systemic IV administration via ctLNP (day 5 or 7)

                                                     PBS                             Study 1: ctLNP1                                Study 2: ctLNP2
                       100                                                             @ 1 mg/kg                                      @ 2 mg/kg
                                                     GB1
                                                                          4                                              4
                                                                                                                                                                     40
          (% normal)

                                                                          3                                              3
                                                                                                                                                                     30

                                                               % normal

                                                                                                              % normal

                                                                                                                                                        (% normal)
                       10                        Target
             FVIII

                                                                 FVIII

                                                                                                                FVIII

                                                                                                                                                           FVIII
                                                                          2                                              2                                           20

                                                                          1                                              1                                           10

                                                                                                                                                                     0
                        1                                                 0                                              0                                                0.0   0.5 1.0 2

                                                                                                         )

                                                                                                                                                        )
                                                                                              )

                                                                                                                                             )
                                                                                  )

                                                                                                                                 )
                                                                                                                                                                          Dose (mg/kg

                                                                                                       =2

                                                                                                                                                      =2
                                                                                            =4

                                                                                                                                           =5
                                                                                =4

                                                                                                                               =2
                                                                                                   (n

                                                                                                                                                  (n
                                                                                         (n

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                                                                                 n

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                                                                              P,

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                             0.0   0.5 1.0 2.0

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                                                                                       se

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                                                                                                                       (
                                                                                     M

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                             Dose (mg/kg)

                                                                     ol

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                                                                  tr

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                                                               C

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13
Summary

• Non-viral delivery of DNA represents enormous opportunity to expand reach of genetic
  medicines (gene transfer and gain of function gene editing)
• Two decades-old hurdles have been uniquely overcome at Generation Bio – ctLNP to
  dampen innate immune stimulation and ceDNA to gain access to target cell nuclei
• Durable expression of non-immunogenic protein demonstrated in wildtype mice
• Redosing of non-immunogenic protein demonstrated in wildtype mice
• Expression of FVIII for hemophilia A at therapeutically meaningful levels has been
  achieved in mice
• A roughly 2:1 species translation of expression between mouse and non-human primates
  has been achieved with tolerability in NHP up to 2 mg/kg

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Thank you!

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