Demonstration of Tolerability of a Novel Delivery Approach and Secreted Protein Expression Following Intracochlear Delivery of AK-antiVEGF ...
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Demonstration of Tolerability of a Novel Delivery Approach and Secreted Protein Expression Following Intracochlear Delivery of AK-antiVEGF (AAVAnc80-antiVEGF Vector) in Non-Human Primates John Connelly1, Ivy K. Hughes1, Ann E. Hickox1, Shimon P. Francis1, Christopher A. Shera2, Alec Salt2, Eric Horowitz1, Kathleen Lennon1, Jean Phillips1, Jenna Soper1, Michelle D. Valero1, Jennifer A. Wellman1, Gregory S. Robinson1, Emmanuel J. Simons1, William F. Sewell3, Michael J. McKenna1, Eva Andres-Mateos1 1Akouos, Inc., Boston, MA, 2Consultant to Akouos, Inc., 3Co-founder and consultant to Akouos, Inc. Bellucci Symposia | June 3-4, 2021 1
Disclosures John Connelly is an employee of Akouos, Inc., and has received, and is receiving, compensation and equity from Akouos, Inc. 2
Forward Looking Statements This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to: the ability of our product candidate AK-antiVEGF to potentially treat vestibular schwannoma; statements relating to the initiation, plans, and timing of our future clinical trials and our research and development programs; and the timing of our planned IND submission for AK-antiVEGF. These forward-looking statements may be accompanied by such words as “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “goal,” “intend,” “may,” “might,” “plan,” “potential,” “possible,” “target,” “will,” “would,” and other words and terms of similar meaning. Akouos may not actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions, and expectations disclosed in these forward-looking statements as a result of various factors, including: our limited operating history; uncertainties inherent in the development of product candidates, including the initiation and completion of nonclinical studies and clinical trials; the timing of and our ability to submit and obtain regulatory approval; whether results from nonclinical studies will be predictive of results or success of clinical trials; our ability to obtain sufficient cash resources to fund our foreseeable and unforeseeable operating expenses and capital expenditure requirements; our ability to obtain, maintain, and enforce our intellectual property; the impact of the COVID-19 pandemic on our business, results of operations, and financial condition; the potential that our internal manufacturing capabilities and/or external manufacturing supply may experience delays; risks related to competitive programs; and the other risks and uncertainties that are described in the Risk Factors section of the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, which is on file with the Securities and Exchange Commission, and in other filings that Akouos may make with the U.S. Securities and Exchange Commission. These statements are based on our current beliefs and expectations as of the date of this presentation. We do not undertake any obligation to publicly update any forward-looking statements except as required by law. By attending or receiving this presentation, you acknowledge that: you are cautioned not to place undue reliance on these forward-looking statements; you will be solely responsible for your own assessment of the market and our market position; and you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of Akouos, Inc. 3
Vestibular Schwannoma • Vestibular schwannomas (VS) are tumors resulting from neoplasia of the Schwann cells that ensheathe the vestibulocochlear nerve and is estimated to affect approximately 200,000 individuals in the United States and Europe Site of VS • VS may result in a variety of symptoms including hearing loss, tinnitus, headaches, and impaired balance; left untreated, VS can cause serious neurological problems, including facial paralysis, blindness, and brain damage severe enough to cause death • Current standard of care: • Small or non-growing tumors may be followed by observation only • Surgical resection and/or radiation therapy are indicated for larger and/or progressive tumors • Surgical resection and radiation carry the risk of significant morbidity, including facial paralysis and hearing loss • Systemic administration of VEGF inhibitors has shown promising results in a genetic form of VS (Neurofibromatosis Type 2 [NF2]) in clinical trials (Plotkin 2009 N Engl J Med; Plotkin 2012 Otol Neurotol; Lu 2019 J Neurooncol) The most common area for VS occurrence is along the vestibulocochlear nerve as it courses through the internal auditory canal (IAC) to the brainstem. The majority of small, intracanalicular tumors (less • Vascular endothelial growth factor (VEGF) is upregulated in vestibular than 5 mm width) arise within the lateral third of the IAC, nearest to the cochlea (Koen 2020 Otolaryngol Head Neck Surg). schwannomas, including non-NF2 (sporadic) tumors (Koutsimpelas 2012 ORL Image modified from: https://commons.wikimedia.org/wiki/File:Anatomy_of_the_Human_Ear.svg J Otorhinolaryngol Relat Spec) 4
Rationale for AK-antiVEGF (AAVAnc80-antiVEGF) for the Potential Treatment of Vestibular Schwannoma • Current standard of care (surgical resection and/or radiation) can have significant morbidity (e.g., facial paralysis and hearing loss) • Vascular endothelial growth factor (VEGF) is upregulated in vestibular schwannomas, including non-NF2 (sporadic) tumors (Koutsimpelas 2012 ORL J Otorhinolaryngol Relat Spec) • In clinical trial settings, repeated systemic administration of Avastin® (bevacizumab, a VEGF inhibitor) has been shown to decrease VS tumor size and improve hearing in NF2 patients (Plotkin 2009 N Engl J Med; Plotkin 2012 Otol Neurotol; Lu 2019 J Neurooncol) • However, long-term systemic use of Avastin® is associated with toxicity • Alternatively, a local low level of anti-VEGF protein could be efficacious, potentially reducing need for surgical resection and/or radiation 5
Systemic Administration of VEGF Inhibitor Shows Promise in NF2-related Vestibular Schwannoma, but Toxicity Limits its Potential as a Viable Treatment Option Clinical Trial Data Demonstrate Ability of Systemic VEGF Inhibitor Meta-analysis: Clinical Trials of Efficacy and Safety to Improve Hearing and Reduce Tumor Volume of Bevacizumab in NF2 Patients in Some Patients n e w e ng l a nd j o u r na l The with Vestibular Schwannoma m e dic i n e of The n e w e ng l a nd j o u r na l of m e dic i n e T he new engl and jour nal o f medicine original article original article original article Hearing Improvement after Bevacizumab Hearing Improvement after Bevacizumab in Patients with Neurofibromatosis Type 2 in Patients with Neurofibromatosis Type 2 Hearing Fred ScottG.R.BarkerImprovement II, M.D., Chris Plotkin, Ph.D.,Halpin, afterTimothy Anat O.Ph.D., Bevacizumab Scott R. Plotkin, M.D., Ph.D., Anat O. Stemmer-Rachamimov, M.D., P. Padera,M.D., Stemmer-Rachamimov, Ph.D., AlexG. Tyrrell, Ph.D., A. Gregory Sorensen, M.D., Rakesh P. K. Jain, Ph.D., in Alex Patients with Neurofibromatosis Rakesh K. Jain,Type Ph.D., 2 Fred Barker II, M.D., Chris Halpin, Ph.D., Timothy Padera, Ph.D., Tyrrell, Ph.D.,and A. Emmanuelle Gregory di Tomaso, Sorensen, M.D.,Ph.D. and Emmanuelle di Tomaso, Ph.D. Scott R. Plotkin, M.D., Ph.D.,A bs Anat trO. acStemmer-Rachamimov, t M.D., Fred G. Barker II, M.D., ChrisAHalpin, bs tr ac t Timothy P. Padera, Ph.D., Ph.D., Alex Tyrrell, Ph.D., A. Gregory Sorensen, M.D., Rakesh K. Jain, Ph.D., Background om the Departments of Neurology Profound hearing loss isand Background a serious complication Emmanuelle of neurofibromatosis di Tomaso, Ph.D. type 2, a ge- R.P.), Pathology (A.O.S.-R.), and Radia- netic condition associated with bilateral vestibular schwannomas, benign tumors om the Departments of Neurology n Oncology (T.P.P., A.T., R.K.J., E.T.); the Profound hearing loss is a serious complication of neurofibromatosis type 2, a ge- R.P.), Pathology (A.O.S.-R.), and Radia- ncer Center (S.R.P.); the Neurosurgical that arise netic from associated condition the eighth with cranial nerve.vestibular bilateral There is no medical treatment schwannomas, benignfor such tumors n Oncology (T.P.P., A.T., R.K.J., E.T.); the rvice (F.G.B.); and the A.A. Martinos ncer Center (S.R.P.); the Neurosurgical tumors. that arise from the eighth cranial nerve. There is no medical treatment for such nter for Biomedical Imaging (A.G.S.) rvice (F.G.B.); and the A.A. Martinos all at Massachusetts General Hospi- tumors. Abstr act nter for Biomedical Imaging (A.G.S.) and the Department of Audiology, Methods all at Massachusetts General Hospi- assachusetts Eye and Ear Infirmary and the Department of Audiology, We determined the expression pattern of vascular endothelial growth factor (VEGF) Methods H.) — all in Boston. Address reprint anddetermined three of itsthe receptors, VEGFR-2, neuropilin-1, and neuropilin-2, in paraffin- assachusetts Eye and Ear Infirmary quests to Dr. Plotkin at Yawkey 9E, We expression pattern of vascular endothelial growth factor (VEGF) H.) — all in Boston. Address reprint ssachusetts General Hospital, 55 Fruit embedded and three of Background samples from 21VEGFR-2, its receptors, vestibularneuropilin-1, schwannomas andassociated with in neuropilin-2, neurofibro- paraffin- quests to Dr. Plotkin at Yawkey 9E, , Boston, MA 02114, or at splotkin@ matosis type embedded samples 2 and from 22 sporadic schwannomas. Ten consecutive 21 vestibular schwannomas associated with neurofibro- patients with om ssachusetts General Hospital, 55 Fruit the Departments rtners.org. , Boston, MA 02114, orofat Neurology splotkin@ Profound hearing neurofibromatosis matosis type 2 andloss type fromis2a22and serious complication progressive sporadic of neurofibromatosis vestibular schwannomas. schwannomas Ten consecutivewhotypewere 2, awith patients ge- not R.P.), Pathology (A.O.S.-R.), and Radia- rtners.org. s article (10.1056/NEJMoa0902579) was netic condition candidates neurofibromatosis associated for standard withprogressive type 2treatment and bilateral vestibular were treated with vestibular schwannomas, bevacizumab,benign schwannomas tumors an anti-VEGF who were not n Oncology blished (T.P.P., on July A.T.,atR.K.J., 8, 2009, E.T.); the NEJM.org. monoclonalfor candidates antibody. standard Antreatment imaging response was with were treated defined as a decrease bevacizumab, of at least an anti-VEGF s article (10.1056/NEJMoa0902579) was ncer Center blished (S.R.P.); on July theatNeurosurgical 8, 2009, NEJM.org. that 20% arise monoclonal from in tumor the eighth volume, antibody. cranial nerve. as compared An There with baseline. imaging response is Anohearing was defined medical treatment as response a decreasewas forat such of defined least (F.G.B.); and the A.A. Martinos tumors. Engl J Med 2009;361:358-67. rvice yright © 2009 Massachusetts Medical Society. as a significant 20% increaseasincompared in tumor volume, the word-recognition score, with baseline. as compared A hearing withwas response baseline. defined Engl J Med 2009;361:358-67. nter for Biomedical Imaging (A.G.S.) as a significant increase in the word-recognition score, as compared with baseline. yright © 2009 Massachusetts Medical Society. all at Massachusetts General Hospi- Results and the Department of Audiology, Methods VEGF was expressed in 100% of vestibular schwannomas and VEGFR-2 in 32% of Results assachusetts Eye and Ear Infirmary tumor We VEGFdetermined vessels was onthe expression in 100% pattern immunohistochemical expressed of analysis. vascular of vestibular endothelial growth Before treatment, schwannomas and factor the VEGFR-2 in (VEGF) median 32%an- of H.) — all in Boston. Address reprint nual tumor and volumetric vessels three of ongrowth its rate for 10 index analysis. immunohistochemical receptors, VEGFR-2, tumors was neuropilin-1, 62%.treatment, Before and After bevacizumab thein neuropilin-2, median treat- paraffin-an- quests to Dr. Plotkin at Yawkey 9E, ment nual in the 10 volumetric patients, growth tumors rate for shrank 10 indexin 9 patients, tumors was and 62%. 6 patients After had an bevacizumab imaging treat- ssachusetts General Hospital, 55 Fruit embedded response, ment in the samples which wasfrom 10 patients, 21 vestibular maintained tumors shrank schwannomas in 4 patients in duringand 9 patients, 11associated to with 16 months 6 patients hadofneurofibro- anfollow-up. imaging , Boston, MA 02114, or at splotkin@ response, matosis The type median which2 and best from response was 22tosporadic maintained treatmentschwannomas. was aduring in 4 patients Ten 11 toconsecutive volumetric reduction 16 months ofpatients of26%. with Three follow-up. rtners.org. patients The medianwerebest not response eligible for to atreatment hearing response; of the remaining was a volumetric reduction seven of 26%.patients, Three neurofibromatosis four had were patients a hearing type 2 response, not eligible and fortwo progressive had stable a hearing vestibular hearing, response; schwannomas and remaining of the who one had progressive were not hear- seven patients, 6 s article (10.1056/NEJMoa0902579) was candidates ing loss. four had aTherefor standard hearingwereresponse,treatment 21 adverse were twoevents had of treated grade stable 1 with or 2. hearing, andbevacizumab, an anti-VEGF one had progressive hear- blished on July 8, 2009, at NEJM.org. ing loss. There monoclonal were 21An antibody. adverse imaging events of grade response was1 ordefined 2. as a decrease of at least Conclusions
AAVAnc80 Efficiently Transduces Multiple Cell Types in the Inner Ear ü Conducted nonclinical studies across three different species of non-human primates using GFP as a reporter gene delivered by AAVAnc80 ü AAVAnc80 can efficiently transduce multiple AAVAnc80-eGFP target cell populations throughout the cochlea in the primate inner ear Negative Control ü In the planned approach, after administration of a vector utilizing a ubiquitous promoter, the cochlear and vestibular cells will produce and secrete anti-VEGF protein into the perilymph, a cochlear fluid in diffusional continuity with the interstitial and perineural spaces of the vestibulocochlear nerve where vestibular schwannoma tumors are located GFP: green fluorescent protein; Myo7a: Myosin VII a; Tuj1: class III beta-tubulin All micrographs are from Study AK-007, with the exception of Satellite Glial Cells from Study AK-011 7
Study AK-033: Preliminary Evaluation of Tolerability and Exposure of AK-antiVEGF in NHPs as Part of Overall Development Strategy Attribute Supporting Data Historical clinical trial data using Avastin® systemically in NF2 patients Biological Plausibility (Plotkin 2009 N Engl J Med; Plotkin 2012 Otol Neurotol; Lu 2019 J Neurooncol) Two- and six-month tolerability assessment in NHPs • Auditory Brainstem Response Tolerability • Otic Histopathology • Cytocochleograms Study Measurement of steady-state anti-VEGF levels in perilymph two months post- AK-033 Local Exposure Levels administration Measurement of anti-VEGF levels in serum (over 6 months) and terminal CSF Systemic Exposure (two- or six-months post-administration) Computational modeling calculating theoretical levels of anti-VEGF at typical Clinical Translatability site of early vestibular schwannoma (based on perilymph levels from AK-033) Abbreviations: CSF: cerebrospinal fluid; NF2: neurofibromatosis type II; NHP: non-human primate Additional work to further characterize tolerability and exposure is currently underway 8
Preliminary Evaluation of Tolerability and Exposure of AK-antiVEGF in NHPs (Study AK-033) Coiled cochlea Bilateral auditory function tests (ABR): 1.1, 2.8, 8.0, and 22.6 kHz Bilateral intracochlear administration of AK-antiVEGF (1X dose or 5X dose) or vehicle control Uncoiled cochlea Terminal fluid and unfixed (flash frozen) tissue analysis: • Perilymph / CSF / serum: measurement of anti-VEGF levels © Chris Gralapp • Inner ears and vestibulocochlear nerves (cranial nerve VIII) • Brain: auditory pathway • Other major organs -2 weeks Day 0 1 month 2 months Bilateral auditory function tests (ABR); and Groups 6 Terminal fluid and fixed-tissue analyses: and 7 • Inner ears: otic histopathology (ear 1) or cytocochleogram analyses (contralateral ear) Groups 1, 2, • Brain: histopathology, with focus on auditory regions and 3 • CSF / serum: measurement of anti-VEGF levels ABR: auditory brainstem response; kHz: kilohertz; CSF: cerebral spinal fluid 3 months 6 months Groups 4 and 5 9
Physiologic and Histologic Evaluations in NHPs Support Tolerability to AK-antiVEGF (Study AK-033) Vehicle 1X Dose 5X Dose Shifts in ABR thresholds (relative to baseline ABRs acquired in the same ear ~2 weeks prior to intracochlear administration) are shown for 1, 2, 3, and 6 months post-intracochlear administration of either vehicle or AAVAnc80 vector encoding anti-VEGF at doses of 1X vg/cochlea or 5X vg/cochlea. Group means (±SD) at each timepoint reflect bilateral measurements in each NHP on study. • Mean ABR thresholds were similar to baseline thresholds across all frequencies following administration of AK-antiVEGF at two doses • Minimal ABR threshold shifts were likely attributable to the surgical approach used in NHPs, which can affect sound conduction through the NHP middle ear; evaluations were comparable between animals receiving vehicle and either dose of AK-antiVEGF • Cytocochleogram analyses revealed no signs of ototoxicity related to the test article • No histopathology findings attributable to the test article • Initial NHP data supports preliminary tolerability of localized chronic anti-VEGF protein expression 10 ABR: auditory brainstem response; kHz: kilohertz; n: number; SD: standard deviation; NHP: non-human primate; vg: vector genomes
Intracochlear Administration of AK-antiVEGF Resulted in Local Expression of Anti-VEGF Protein in NHP Perilymph (Study AK-033) Dose Left ear: Right ear: Animal Test / Control Article In-life Duration CSF Concentration Group (vg/cochlea Perilymph antiVEGF Perilymph antiVEGF ID (bilateral administration) (Months) (ng/mL) ) Concentration (ng/mL) Concentration (ng/mL) 6 6101 Vehicle -- 2 BLOD BLOD BLOD 7001 AK-antiVEGF 5X 2 BLOD 694.9 67.0 7 7501 AK-antiVEGF 5X 2 BLOD 275.9 589.2 4 4001 Vehicle -- 6 BLOD 5001 AK-antiVEGF 5X 6 BLOD Perilymph samples were not collected per protocol; otic histopathology (ear 1) or cytocochleogram 5 5501 AK-antiVEGF 5X 6 BLOD analyses (contralateral ear) were performed 5502 AK-antiVEGF 5X 6 BLOD Abbreviations: BLOD = below limit of detection (less than 1.7 ng/mL); CSF = cerebrospinal fluid; mL = milliliters; ng = nanograms; NHP: non-human primate; vg = vector genomes • Two months following intracochlear administration of AK-antiVEGF at 5X dose, anti-VEGF levels in perilymph ranged from 67.0 to 694.9 ng/mL (mean: 406.8 ng/mL) • No anti-VEGF protein was detected in the perilymph of the vehicle-injected control NHP • No anti-VEGF protein was detected in CSF, regardless of post-administration duration (2 or 6 months) • Perilymph samples were tested using the meso scale discovery (MSD) assay; limit of detection (LOD) was 1.7 ng/mL and limit of quantification (LOQ) was 2.5 ng/mL 11
Computational Modeling Supports Biologically Active Levels of Anti-VEGF at the Tumor Site 1 IAC – internal auditory canal Image modified from: https://commons.wikimedia.org/wiki/File:Anatomy_of_the_Human_Ear.svg 1. Range of location of early VS from MRI data (Koen 2020 Otolaryngol Head Neck Surg) • Anti-VEGF secreted into the perilymph, or into the nerve interstitium, can reach the vestibular schwannoma (VS) passively through simple diffusion, owing to lack of diffusion barriers from perilymph to the internal auditory canal (IAC) • Computational diffusional model estimates percent change in a (constant) concentration of anti-VEGF in perilymph as a function of distance to VS, using: 1. Typical location of early VS from MRI data (Koen 2020 Otolaryngol Head Neck Surg) 2. A range of published diffusion coefficients for a representative anti-VEGF molecule 3. Estimated steady-state clearance parameter based on a representative anti-VEGF molecule half-life in vitreous following intraocular injection 4. Conservative assumption of equal 360° diffusion in perilymph (i.e., assumes no anatomical constraints) • Estimates of anti-VEGF concentration in the immediate vicinity of the VS in the internal auditory canal are well within the reported biologically active range 12
Levels of Anti-VEGF are Modelled to Be Above Biologically Active Threshold Concentration Across Range of Reported VS Locations • Anti-VEGF levels in perilymph were measured in NHPs two months following intracochlear administration of AK-antiVEGF • Computational modeling was used to assess approximate anti-VEGF levels at reported VS locations • Using empirically determined anti-VEGF levels in the perilymph of NHP and conservative modeling assumptions, estimated anti-VEGF levels exceeded the biologically active threshold concentration within the reported range of early VS locations (Koen 2020 Otolaryngol Head Neck Surg) Reported biologically active threshold concentration 1 1. Range of location of early VS from MRI data (Koen 2020 Otolaryngol Head Neck Surg) VS = vestibular schwannoma; NHP: non-human primate 13
Anti-VEGF Protein Expression Largely Confined to Inner Ear (Study AK-033) • NHPs on study were evaluated for circulating anti-VEGF levels in serum at Baseline, Day 14, Month 1, and Month 2; animals in the 6-month groups were also evaluated at Month 3 and Month 6 • 36 out of 44 (82%) post-administration serum samples were below the limit of detection (LOD) for anti- VEGF protein in both the 1X and 5X doses • Anti-VEGF was detected in serum at biologically relevant levels in only one high-dose animal, and only at Day 14 and Month 1; the Month 2 serum sample from this animal was below biologically relevant levels • Anti-VEGF was not detected in any CSF samples • Anti-VEGF was not detected in any non-cochlear tissues evaluated, including liver, spleen, brainstem, auditory cortex, or mandibular lymph nodes • Serum, CSF, and tissue samples were tested using the meso scale discovery (MSD) assay; LOD was 1.7 ng/mL and limit of quantification (LOQ) was 2.5 ng/mL CSF: cerebrospinal fluid 14
Conclusions • There remains a high unmet need for alternative treatments for patients with vestibular schwannoma (VS) • Previous published clinical trial data (Plotkin 2009 N Engl J Med; Plotkin 2012 Otol Neurotol; Lu 2019 J Neurooncol) support the potential for VEGF inhibitors to be efficacious in treating VS when delivered systemically • However, associated toxicity limits the chronic systemic administration of VEGF inhibitors as a viable treatment option for VS • Long-term, local expression of anti-VEGF protein following intracochlear administration of AK-antiVEGF is robust and well tolerated in NHPs, an anatomically relevant model for evaluating delivery parameters • Computational modelling supports the potential for diffusion of biologically active anti-VEGF protein levels to site of tumor • Together, these data support the future clinical development of AK-antiVEGF for the treatment of VS • IND filing for AK-antiVEGF is expected in 2022 15
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