Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation

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Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
Developing breakthrough therapies in
NASH, systemic sclerosis and
mucopolysaccharidosis (MPS)

Corporate Presentation
November 2018
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
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Corporate Presentation | 2018                                                                                                                                             Non-confidential – Property of Inventiva │ 2
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
A clinical stage biopharma with a focus on fibrosis

                                               u Fournier/Solvay and Abbott spin-off in 2012
  State of the art R&D
                                               u State of the art owned 12,000 m² R&D facility and a library of ~240,000 compounds
  capabilities
                                               u Solid portfolio of patents: 11 families approved

                                               u Expert in gene-modulation (nuclear receptors, transcription factors, epigenetic targets)
  Leading technology
                                               u Large fibrosis expertise
  in gene-modulation
                                               u Promising and innovative preclinical pipeline in oncology

                                               u Lanifibranor Diffuse Cutaneous Systemic Sclerosis: phase IIb enrollment completed in
                                                 October 2017. Results expected early-2019.
                                                          •    SSc market potential: > €1.8bn(2)
  Three innovative
                                               u Lanifibranor NASH: phase IIb enrolling since February 2017. Results expected first-half 2020
  clinical programs
                                                          •    NASH market potential: $35-40bn(1)
                                               u Odiparcil MPS VI: biomarker study finalized and Phase IIa study initiated. Results expected
                                                 second-half 2019.

                                               u AbbVie: Multi-year collaboration on RORg. Inventiva eligible to research funding, milestone
  Two R&D                                        payments and royalties
  collaborations                               u BI: collaboration in Idiopathic Pulmonary Fibrosis (IPF). Inventiva eligible to research funding,
                                                 and up to 170M€ in milestones plus royalties on sales

Source: (1) Deutsche Bank Markets Research 2014; (2) Venture Valuation 2015.

 Corporate Presentation | 2018                                                                                          Non-confidential – Property of Inventiva │ 3
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
Strong cash position and shareholder base

Key financials                                                   Shareholder base

                                                                                                                           Free Float*
                                                                                                                             22.1%

   ISIN code                    FR0013233012
                                                                       Founders
                                                                        43.9%
   Market                       Euronext Paris                                                                                  BVF
                                                                                                                               15.0%
   Shares outstanding           22.257.277
   Market cap                   €144m
   (November 5 2018)                                                                                                    Novo
                                                                                                                        8.8%
                                €75.9m compared to €59.0m in                     Employees & Others       Sofinnova
                                December 2017.                                         3.1%                 7.1%
   Cash position                Successful €48.5m Euronext IPO
                                                                  *Including Perceptive Advisors
   (June 30 2018)
                                (February 2017) and €35.5m       Analyst coverage
                                private placement (April 2018)
                                                                 Jefferies                         Peter Welford
   Revenues in H1 2018 €1.3m compared to €2.7m in H1
   (June 30 2018)                                                Société Générale                  Delphine Le Louët
                       2017
                                                                 Gilbert Dupont                    Jamila El Bougrini
   R&D expenditures             €15.9m compared to €13.2m in
   in H1 2018                                                    Kepler Chevreux                   Arsene Guekam
                                H1 2017
   (June 30 2018)
                                                                 KBC                               Lenny Van Steenhuyse

                                                                 LifeSci Capital                   Patrick Dolezal
Corporate Presentation | 2018                                                                             Non-confidential – Property of Inventiva │ 4
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
Large pipeline reaching major inflection points

                                                                    Pre
Candidate                       Indication            Discovery              Phase I   Phase II        Phase III        Commercial Rights
                                                                  clinical

Lanifibranor                                                                                      Results early
                      u    Systemic Sclerosis (SSc)
                                                                                                  2019

                                                                                                  Results first half
Lanifibranor          u    NASH
                                                                                                  2020

                                                                                                  Results Second-
Odiparcil             u    MPS VI
                                                                                                  half 2019

                      u    Moderate to severe
ABBV-157
                           psoriasis
                                                                                                                              Sales Royalties for
                                                                                                                                  Inventiva
                      u    Malignant Mesothelioma,
YAP/TEAD
                           NSCLC, …

NSD2                  u    Multiple Myeloma

EPICURE               u    Immuno-oncology

                      u    Idiopathic Pulmonary
GEV                                                                                                                           Sales Royalties for
                           Fibrosis (IPF)
                                                                                                                                  Inventiva

Corporate Presentation | 2018                                                                                 Non-confidential – Property of Inventiva │ 5
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
Lanifibranor – Systemic Sclerosis
(SSc) and Nonalcoholic
steatohepatitis (NASH)
A new generation pan-PPAR agonist for a safe and efficacious
treatment of fibrotic conditions
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
Lanifibranor: a next generation panPPAR with moderate and well
    balanced activity on the 3 PPAR isoforms
   Lanifibranor dose response curves and EC50s for human PPARs (nM)
                      Lanifibranor presents a similar profile for                                                                         PPARa                 PPARd                PPARg
                             the 3 human PPAR isoforms                                                   Compound
                                                                                                                                         EC50 (nM)             EC50 (nM)            EC50 (nM)
              150
                                                                            PPAR a                       u     Lanifibranor(1)               1630                   850                  230
              125
                                                                            PPAR d
%Activation

              100                                                           PPAR g
                                                                                                         u     Fenofibrate                   2400                     -                    -

              75                                                                                         u     Pioglitazone                     -                     -                  263
              50
                                                                                                         u     Rosiglitazone                    -                     -                   13
              25
                                                                                                         u     Elafibranor(2)                  10                   100                    -
               0
                -10           -8                -6               -4
                            Lanifibranor (M)                                                             u     Seladelpar(3)                    -                     2                    -

   Lanifibranor binds differently than rosiglitazone to PPARγ inducing a different coactivator recruitment(4)

                                                                                                                       Potency scale: red 10 nM; grey: 500 nM; green 5 000 nM

    Source: (1) Company data (2) Hanf R et al, Diabetes & Vascular Dis Res 2014 (3) Cimabay company presentation (4) J Med Chem. 2018 Feb 15. doi: 10.1021/acs.jmedchem.7b01285

    Corporate Presentation | 2018                                                                                                                                    Non-confidential – Property of Inventiva │ 7
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
A favorable safety profile differing from previously developed PPARs

                                                                                                                              Reported                              Lanifibranor
     Organ                                                        PPAR isoform
                                                                                                                            PPAR liabilities                          effects
                                                                                                               u    Fluid retention
                       Heart                                 u PPARg                                                                                                Not observed
                                                                                                               u    Cardiac hypertrophy

                       Skeletal muscle                       u PPARa                                           u    Myofiber degeneration                           Not observed

                                                                                                               u    > 50% increases in creatinine,
                       Kidney                                u PPARa                                                Degenerative changes in renal                   Not observed
                                                                                                                    tubules

                                                                                                               u    Proliferative changes in bladder
                       Urinary bladder                       u PPARg                                                                                                Not observed
                                                                                                                    epithelium

     Contrasting with other single or dual PPARg agonists, lanifibranor does not produce plasma volume
     expansion or heart weight increase
                                            60
                                                    Plasma Volume                                                            Heart Weight
                                                                                                         0.6

                                                     *      *
                                                                                   Heart weight (% BW)

                                                                               *                                                                   *      Control
                       Plasma volume (mL)

                                                                                                                                                          Rosi (3 mg/kg/d)
                                            40                             *                             0.4            *        *             *          Rosi (10 mg/kg/d)
                                                                                                                                                          Mura (10 mg/kg/d)
                                                                                                                                                          Mura (100 mg/kg/d)
                                            20                                                           0.2                                              Lani
                                                                                                                                                          IVA337 (100 mg/kg/d)
                                                                                                                                                          Lani
                                                                                                                                                          IVA337 (1000 mg/kg/d)
                                                                                                                                                          Tesa (1 mg/kg/d)
                                                                                                                                                          Tesa (10 mg/kg/d)
                                            0                                                            0.0
                                                  Rosi    Mura     Lani
                                                                 IVA337    Tesa                                     Rosi      Mura   IVA337
                                                                                                                                       Lani    Tesa    mg/kg/day; 9 W rat study
                                                 Single   Dual     Pan      Dual                                   Single     Dual     Pan      Dual
                                                 PPAR     PPAR    PPAR     PPAR                                    PPAR       PPAR    PPAR     PPAR
                                                    g      a,g     a,d,g     a,g                                      g        a,g     a,d,g     a,g
Source: Company data

Corporate Presentation | 2018                                                                                                                               Non-confidential – Property of Inventiva │ 8
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
Phase I and Phase IIa clinical studies confirmed lanifibranor safety
and efficacy on key metabolic markers

Lanifibranor (IVA337) significantly improves metabolic markers in type II diabetic patients

u Insulin resistance (HOMA-IR, adiponectin)
u Dyslipidemia (increase in HDL-C, reduction of TG)

                                          Adiponectin (PPARg)                                                                   HDL Cholesterol (PPARa/d)                                                                   Triglycerides (PPARa/d)

                                 300                                            p=0.05                                     40                                                                                        0
    Percent change of baseline

                                                                                              Percent change of baseline

                                                                                                                                                                                       Percent change of baseline
                                                                  p=0.05                                                                                                 p
Developing breakthrough therapies in NASH, systemic sclerosis and mucopolysaccharidosis (MPS) - Corporate Presentation
Systemic sclerosis overview
A severe disease with no approved treatment (1)
 u SSc is an autoimmune disease with microvascular damage and progressive fibrosis of the skin and visceral organs
 u      There are two subtypes:
           −     Limited cutaneous (lcSSc; ~60% of patients): restricted skin involvement, but with major internal organ involvement
           −     Diffuse cutaneous (dcSSc; ~ 40% of patients): extensive skin and organ involvement
 u Current treatments include: immunosuppressant agents,
   corticosteroids as low-dose, or specific therapies targeting the
   symptoms (endothelin-receptor antagonists to treat digital ulcers, ACE
   inhibitors to treat renal crisis, …)
 ► High burden cost to society and of drugs approved in symptomatic
   indications
 ► Modified Rodnan Skin Score (MRSS) accepted by FDA and EMA as
   an end-point for marketing approval
 ► Potential for conditional approval
                                                                                                                                                                                               Source: JPM-Chase

Patients: more than 170,000 patients diagnosed and a total market potential > €1.8bn (2) by 2030
                       USA                                                 Europe Top 5                                                      Japan

               ~102,000 patients           (2)                             ~67,000 patients         (2)                                 ~4,800 patients         (2)

             Mortality rate is greater than in any other rheumatic disease(3)

Source: (1) Eular SSc Trials and Research Group, EUSTAR, SSc Research Foundation, Canadian SSc research group ; (2) Venture Valuation 2015. (3) ACR 2017 SSc Disease education

Corporate Presentation | 2018                                                                                                                                         Non-confidential – Property of Inventiva │ 10
SSc pathogenesis and lanifibranor rationale

SSc pathogenesis                                                             Lanifibranor rationale
                                           The immune system produces
                  Inflammation             cytokines leading to              PPARa, d and g have broad anti-
                                           inflammation                      inflammatory properties

                                               Overproduction of collagen
                                               leading to skin and vital     PPARg has anti-fibrotic properties in
                                Fibrosis
                                               organs fibrosis and failure   multiple organs
                                               (lung, kidney, heart)

                                                                             PPARa, d and g activation prevents
                  Blood vessel damage
                                           Reduction in blood flow to        vascular remodeling and positively
                  and vascular
                                           tissues causing damage            impacts pulmonary arterial hypertension
                  remodelling
                                                                             (PAH)

Corporate Presentation | 2018                                                                 Non-confidential – Property of Inventiva │ 11
Lanifibranor could addresses all the relevant clinical features of
systemic sclerosis

          Lanifibranor reduces vasculopathy
          and inflammatory driven lung
          fibrosis                                                                                              Lanifibranor reduces
                                                                      Lung                              Skin
                                                                                                                established skin fibrosis
          Lanifibranor restores lung
                                                                                                                Lanifibranor reduces right
          functional capacity
                                                                                                       Heart    ventricular systolic pressure and
                                                                                                                right ventricular hypertrophy
          Lanifibranor inhibits pulmonary
          arteries remodeling with positive
          impact on pulmonary artery
          pressure                                                                                     Kidney   Lanifibranor reduces kidney fibrosis

                Orphan status designation obtained in the US and Europe for lanifibranor in SSc

Source: Ruzehaji N, et al. Ann Rheum Dis 2016;75:2175–2183. doi:10.1136/annrheumdis-2015-208029 2175

Corporate Presentation | 2018                                                                                           Non-confidential – Property of Inventiva │ 12
FASST Phase IIb in SSc

Trial design
Principal investigator                                                    Inclusion criteria
u Principal investigators: Pr Allanore (Hôpital Cochin,                   u MRSS (Modified Rodnan Skin Score) between 10 and 25
  Paris) and Pr Denton (University College of London )                    u SSc diagnosed from less than 3 years
u Other: Pr Matucci (Florence University, Italy), Pr Distler              Primary endpoint
  (University of Erlangen, Germany), Pr Distler
  (Universitaet Zurich, Switzerland)                                      u Mean change of the MRSS from baseline to 48 weeks

u US scientific advisors: Pr John Varga (Northwestern                     Key sencondary endpoints
  University), Pr Dinesh Khanna (Michigan University)                     u MRSS responder rate, change from baseline in FVC%,
Status                                                                      digital ulcers, severe organs involvement, safety

R   Last patient recruited in October 2017                                Clinicaltrials.gov identifier: NCT02503644

R   Last patient last visit: October 12th 2018
R   Three DSMB (last one early July 2018) which
    recommended to continue the study unchanged
u Results expected early 2019                                     145 patients
                                                               48 week treatment
                                                   Double blind randomized placebo controlled              4 weeks

                                      Placebo, ~48 patients

                                      Lanifibranor , 800 mg bid, ~48 patients                             Follow up
                                      Lanifibranor , 1200 mg bid, ~48 patients

 More information on: http://www.fassttrial.com/
Corporate Presentation | 2018                                                                           Non-confidential – Property of Inventiva │ 13
NASH: overview

A severe disease with no currently approved treatment
   Healthy Liver                                                                                                                           Cirrhosis

                                                                                                                                                                         Hepatocarcinoma
                                                                                                                                                                           2-3% per year
                               Fatty Liver                                               NASH
                                                        NASH
                                                                                      with fibrosis
                                                                                                                                                                     Liver transplant
                                                                          40-50%                                  15-20%                                                                              Liver death
                                                                                                                                                                                                        30-40%
                        Reversible                   Reversible                     Reversible                     Irreversible

 A world-wide market estimated at $35-40B

                    NAFLD (US)                                                                    NASH (US)                                                         NASH with Fibrosis (US)

                  ~ 80MM adults                                                                 >30MM adults                                                                 >14MM adults

                     >30%                                                                                                                                                        >6.7%
                                                                                                 >10%
              of adult population                                                                                                                                          of adult population
                                                                                          of adult population
                                                                                                                                                                          with NASH & fibrosis

Source: NASH Market, Allied Market Research 2016 ; Deutsche Bank Markets Research; Intercept website.; Epidemiology and natural history of non-alcoholic steatohepatitis.Clinical Liver Disease.2009 Nov;13(4):511-31.

Corporate Presentation | 2018                                                                                                                                         Non-confidential – Property of Inventiva │ 14
Lanifibranor: a mechanism of action addressing all the key features
of NASH

                                    PPARa,d,g                                                         PPARa,g
            Metabolism                                                        Steatosis
                   Insulin sensitivity                                           FA uptake
                   HDLc                                                          FA catabolism
                                                     Lanifibranor
                   TG                                                            Lipogenesis
                                                Moderate and balanced
                                                panPPAR agonist activity
                                                regulating genes in:
                                                  • PPARa: hepatocytes
                                                  • PPARd: kuppfer cells
                                    PPARa,d,g                                                         PPARg
                                                  • PPARg: hepatic stellate
            Necroinflammation                                                 Fibrosis
                                                    cells
                   NFkB-dependent gene                                           Stellate cell proliferation
                   activation                                                    and activation
                   Inflammasome                                                  Collagen and fibronectin
                                                                                 production
                   Ballooning

Corporate Presentation | 2018                                                              Non-confidential – Property of Inventiva │ 15
Update on NATIVE Phase IIb study in NASH (I/III)

Trial design

Principal investigator                                                     Inclusion criteria
u Pr Francque (Universitair Ziekenhuis, Antwerpen, Belgium)                u Liver biopsy
Status                                                                     u Moderate to severe patients with an inflammation and
u Trial enrolling                                                            ballooning score of 3 or 4

u Results expected first-half 2020                                         u Steatosis score ≥ 1 and fibrosis score < 4 (no cirrhosis)

Randomisation                                                              Primary endpoint

u 1/1/1, stratification on T2DM patients                                   u Decrease from baseline ≥ 2 points of the inflammation and
                                                                             ballooning score without worsening of fibrosis
u Study powered with 75 patients per group
                                                                           u Central reading for pre- (before randomization) and post
                                                                             treatment biopsy
                                                                           Clinicaltrials.gov identifier: NCT03008070

                                                                    225 patients
                                                                 24 week treatment
                                                     Double blind randomized placebo controlled
          Screening                                                                                                 End of treatment
          u Liver biopsy                                                                                            u Liver biopsy
                                Placebo, 75 patients

                                Lanifibranor, 800 mg once daily, 75 patients

                                Lanifibranor, 1200 mg once daily, 75 patients

 More information on: http://www.native-trial.com/
Corporate Presentation | 2018                                                                               Non-confidential – Property of Inventiva │ 16
NATIVE: Phase IIb in NASH
                                                               16 countries worldwide
                                                                  ► 13 in EU
          Principal investigator: Pr Sven Francque, Belgium       ► Canada
                                                                  ► Australia
                                                                  ► Mauritius

                                                                                           16 countries approved
    Decision to
    open US
    sites

                                                              75 sites involved
                                                              71 sites activated
                                                              60 sites screening

           Results expected first-half 2020

Corporate Presentation | 2018                                                           Non-confidential – Property of Inventiva │ 17
US investigator initiated Phase II trial in T2DM patients with NAFLD(1)

Trial design
Principal investigator                                                                                                  Primary endpoint
u Pr. Kenneth Cusi (University of Florida)                                                                              u Change from baseline to week 24 in IHTG
Status                                                                                                                  Key secondary endpoints
u IND approved                                                                                                          u Proportion of responders (IHTG, NAFLD resolution)
u FPFV August 2018                                                                                                      u Change in hepatic fibrosis (MRE(3), biomarkers)
u Results expected first-half 2020                                                                                      u Change in metabolic outcomes (insulin sensitivity,
Randomisation                                                                                                             DNL(4), glycemic control, lipids)

u Randomized (1:1), double-blind, placebo-controlled                                                                    u Safety

u Non-obese subject control group for the metabolic and                                                                 Clinicaltrials.gov identifier: NCT03459079
  imaging procedures
u N= 64 calculated assuming a 35% relative reduction of
  IHGT(2)
                                                      64 patients
                                                  24 week treatment
                                     Double blind randomized placebo controlled

                                             Healthy non obese control group, 10 subjects

                                             Placebo, 32 patients

                                             Lanifibranor, 800 mg once daily, 32 patients

(1) NAFLD: Nonalcoholic fatty liver disease (2) Intrahepatic triglycerides (3) Magnetic resonance elastography (4) De-novo lipogenesis

Corporate Presentation | 2018                                                                                                                       Non-confidential – Property of Inventiva │ 18
Lanifibranor: overall development plan

                               2015                          2016                                2017                 2018                      2019                           2020

                               H2                    H1                H2                H1             H2       H1             H2         H1           H2               H1            H2
Systemic sclerosis

                                                                                                                                                       EMA feedback on conditional
                                                                                                                                                       marketing authorisation eligibility
                                                                                          Phase IIb
                                                                                                                                                       FDA potential breakthrough
                                                                                                                                                       therapy status
                                                                                                               FDA preIND            Results                        Start of pivotal Phase III
                                                                                                                                                                    study (EU & US)
                                                                                                                                FDA IND

                                                                                                                  Phase IIb

                                                                                                                                FDA IND                                          Results
NASH

                       NAFLD

                                                                                                             Pr Cusi study in
                                                                                                             TD2M patients                      Phase II
                                                                                                             with NAFLD

                                                                                                                                                                                 Results
Toxicology

                                                     52-week study

                                                                    Carcinogenicity studies
                                                                                                                                Results

                     Start of FASST, NATIVE and Pr Cusi trials corresponds to first patient screened
        Corporate Presentation | 2018                                                                                                                        Non-confidential – Property of Inventiva │ 19
Odiparcil
The first oral therapy to treat five forms of
mucopolysaccharidosis (MPS): MPS I, II, IV, VI and VII
MPS are devastating diseases with high unmet medical needs

MPS diseases are inherited lysosomal storage diseases
Autosomal recessive disorder characterized by accumulation of glycosaminoglycan(s) (GAG) due to
lack of an enzyme
Seven distinct clinical types based on the enzyme affected
Odiparcil could be the first substrate reduction therapy for five forms of MPS:
      –     MPS I: ~3,000 / 4,000 patients(1)
      –     MPS II: ~2,000 patients(1)                                                                                                                                   Kathleen (MPS I)
      –     MPS IV type A: ~2,000 patients(1)
      –     MPS VI: ~1,100 patients(1), increased frequency in Turkish and Portuguese subpopulations(2)
      –     MPS VII: very rare

MPS have devastating clinical consequences: example MPS I, II and VI
   Consequences                                                         MPS I                       MPS II                      MPS VI

u     Mental retardation                                                  þ                           þ
u     Coarse facies, short stature                                                                                                                                        Scotty (MPS II)
                                                                          þ                           þ                              þ
u     Dysostosis multiplex                                                þ                           þ                              þ
u     Joint stiffness                                                     þ                           þ                              þ
u     Spinal cord compression                                             þ                           þ                              þ
u     Organomegaly                                                        þ                           þ                              þ
u     Poor vision (corneal clouding)                                      þ                           þ(1)                           þ
u     Hearing loss                                                        þ                           þ                              þ
u     Cardiac/respiratory disease                                         þ                           þ                              þ
                                                                                                 u Pebbled skin              u Odontoid hypoplasia
                                                                                                 u Diarrhoea                 u Kyphoscoliosis, genu valgum               Karima (MPS VI)
 (1) Retinal degeneration with no corneal clouding

Source: (1) MPS society; (2) Valayannopoulos V, Nicely H, Harmatz P, Turbeville S; Mucopolysaccharidosis VI. Orphanet J Rare Dis. 2010 Apr 12;5:5.

Corporate Presentation | 2018                                                                                                                                Non-confidential – Property of Inventiva │ 21
Enzyme replacement therapy (ERT) are commercially successful, but
with limited therapeutic efficacy
Enzyme Replacement Therapies
Recombinant human enzymes, administered once a week as an intravenous infusion over 4 hours
Approximately 50% of patients experience infusion reactions initially, some can be life threatening

   Product                                    Company                                   MPS                               Est. yearly cost   2017 sales

                                                                                        u MPS I                           u $ 217K           u $ 207M

                                                                                        u MPS II                          u $ 522K           u $ 616M

                                                                                        u MPS IVA                         u $ 578K           u $ 413M

                                                                                        u MPS VI                          u $ 476K           u $ 332M

                                                                                        u MPS VII                         u $ 550K           u n/a, approved Nov 2017

Source: Sales - Company annual reports 2017; WAC without discounts for a 25-kg patient - BioCentury “Making of MEPSEVII” Dec 11, 2017

                  ERT have not been able to resolve the symptoms occurring in certain regions of the ophthalmology
                  system, joints, cartilages, cardiac valves, … due to poor penetration of the enzyme(1)

Source: (1) H. Noh, J. I. Lee; Current and potential therapeutic strategies for muvopolysaccharidoses; Journal of Clinical Pharmacy

Corporate Presentation | 2018                                                                                                                 Non-confidential – Property of Inventiva │ 22
Odiparcil original mechanism of action could provide additive benefit
to enzyme replacement therapies (ERT)
Odiparcil diverts endogenous protein-bound GAG synthesis to soluble Odiparcil-bound chondroitin
sulfate (CS) and dermatan sulfate (DS) synthesis
                                                                    Galactosyl transferase I (GTI)                                       Galactosyl transferase I (GTI)
 Synthesis of
 proteoglycans
                                                                                                                                                                                                                           Synthesis of
 (HS, CS, DS)                                                                                                                       Odiparcil                                                                              soluble DS
                                                                                                                                                                                                                           and CS

                                                                                                                 Odiparcil

 Odiparcil decreases intracellular GAG accumulation in vitro in MPS VI patient cells

                                Intracellular CS storage                                                                                                                                               Extracellular GAG

                                                                                                                                                            Total sulfated GAGS (µg/mL)
                            300000                                                                                                                                                        25
                                                                                           MPS VI fibroblasts                                                                                           MPS VI (IC50=3 µM)
   Fluorescence intensity

                                                                                          GAG overloaded cells                                                                            20
                            200000
                                                                                                                                                                                          15
                                                                                                                 Odiparcil
                                                                                                                                                                                          10
                            100000

                                             Control (IC50=2.8 µM)                                                                                                                        5
                                             MPS VI (IC50=2.7 µM)
                                 0
                                     Veh. 10 - 8        10 - 7   10 - 6    10 - 5                                                                                                         0
                                                                                                                                                                                               Veh. 10 - 8        10 - 7    10 - 6   10 - 5
                                                   Odiparcil concentration (M)
                                                                                                                                                                                                             Odiparcil concentration (M)

                                Odiparcil by decreasing GAG accumulation in tissues and cells should reduce GAG storage
                                in MPS VI patients and improve their disease state

Source: H. Noh, J. I. Lee; Current and potential therapeutic strategies for mucopolysaccharidoses; Journal of Clinical Pharmacy, company data

Corporate Presentation | 2018                                                                                                                                                                  Non-confidential – Property of Inventiva │ 23
By producing soluble chondroitin and dermatan sulfates, odiparcil
can address several types of MPS
       Type                                                                       Targeted    Dermatan       Chondroitin     Heparan           Keratan
                                   Name                         Severity                                                                                           Other
   (Incidence)(1)                                                                   MPS      Accumulation   Accumulation   Accumulation      Accumulation
      MPS I-H
     (1/100 000)
                            Hurler syndrome                Most severe form                      þ                             þ
      MPS I-S
     (1/100 000)
                            Scheie syndrome                      Mildest
                                                                                                 þ
     MPS-IH/S                 Hurler-Scheie         More severe than MPS I-S,
     (1/100 000)               syndrome            but less severe than MPS I-H                  þ                         In some cases

      MPS II                Hunter syndrome
    Types A & B                  Only MPS
 1/100 000 to 1/170         inherited as an X-
                                               Type A more severe than B                         þ                             þ
        000                     linked trait
       MPS III
                                Sanfilippo
    Types A to D
      1/70 000
                                syndrome
                                                                 Severe                                                        þ
 MPS IV Type A
                                                           Quite severe
 1/200 000 to 300
      000(2)
                           Morquio syndrome
                                                      95% of Morquio patients                                   þ                                  þ
  MPS IV Type B
                                                          Quite severe
 1/200 000 to 300
      000(2)
                           Morquio syndrome
                                                    Type A more severe than B                                                                      þ
      MPS VI         Maroteaux-Lamy
1/250 000 to 600 000   syndrome
                                                             Mild to severe
                                                                                                 þ              þ
      MPS VII
     (1/250 000)
                              Sly syndrome                   Mild to severe
                                                                                                 þ              þ              þ
       MPS IX                                                                                                                                                    Hyaluronic
                          Natowicz syndrome                      Severe
        (rare)                                                                                                                                                     acid

            MPS VI selected as first indication to demonstrate odiparcil efficacy

Source: raredisease.org ; (1) MPS society ; (2) for both type A and B

Corporate Presentation | 2018                                                                                                     Non-confidential – Property of Inventiva │ 24
Odiparcil has the potential to positively differentiate versus current
enzyme replacement therapies

                                               Aldurazyme, Elaprase,
                                Odiparcil
                                            Naglazyme, Vimizim, Mepsevii            HSCT
                                                                           (Hematopoietic stem cell
                                                                               transplantation)

    Effect on mobility

    Eye, cartilage, bones,
    heart valves, spinal cord
    compression

    Safety

    Dose regimen

    Distribution type             Oral            Intravenous Infusion            Transplantation

Source: Company evaluation

Corporate Presentation | 2018                                              Non-confidential – Property of Inventiva │ 25
Update on iMProveS Phase IIa study in MPS VI patients
Phase IIa                                                                 Population
► Phase 3 enabling study with evidence for dose selection                 ► Receiving ERT (N=18)
  and PK / PD response characterization                                   ► Not receiving ERT (N=6)
► Clinicaltrials.gov identifier: NCT03370653
                                                                                                                                 ≥ 16yo
                                                     18 patients double blind + 6 patients open label
            6 weeks              4 weeks                           26 week treatment                                    4 weeks

           Screening                             Placebo + ERT, 6 patients
                                 Screening,
            (4w) and
                                  baseline       Odiparcil, 250 mg bid + ERT, 6 patients
          preliminary
             safety
                                    and                                                                                Follow up
          assessment
                                randomizati      Odiparcil, 500 mg bid + ERT, 6 patients
                                     on
              (2w)
                                                 Odiparcil, 500 mg bid, 6 patients ERT naive
                                                                                                             End of treatment
Endpoints
Safety                                        Efficacy
u Clinical and biological                     u Leukocyte, skin and urinary GAG content
   assessments (standard tests)               u Activity and mobility tests (6 minutes walk test, upper limb function, shoulder mobility range)
Pharmacokinetics                              u Cardiac, vascular and respiratory functions
u Odiparcil plasma levels                     u Eye impairment, hearing capacity, pain assessment, quality of life questionnaires

Status
u Design discussed with EMA (2016)                                            u EU, multicenter: UK, Germany, France, Portugal
u Recruiting                                                                  u Head-line results: second-half of 2019

 More information on: http://www.improves-mpsvi-trial.com/
Corporate Presentation | 2018                                                                                 Non-confidential – Property of Inventiva │ 26
Odiparcil overall development plan in MPS VI

                       2016                      2017                              2018                        2019                    2020                      2021                2022
                        H2                H1               H2               H1               H2           H1          H2          H1          H2           H1           H2            H1

                                               Biomarker
                                                                                                        Rare paediatric
                                                 study
                                                                                                        designation
                                                                                                                                                   FDA IND
                                                                                              Phase IIa
      Clinic

                                                                                                                             Results               Start of pivotal study

                                                                                                                           Phase Ib
                                                                                                  SAFE-KIDDS (MPS VI children)
                                                                                                                                        Results
      Toxicology

                                                        Juvenile Tox                                                                               Carcinogenicity

                   Start of iMProves trial corresponds to corresponds to first patient screened

Corporate Presentation | 2018                                                                                                                           Non-confidential – Property of Inventiva │ 27
R&D collaborations and Yap-Tead
program update
Update on collaborations with AbbVie and Boehringer Ingelheim

RORγ collaboration                                             Fibrosis collaboration

u RORγ program addresses large markets currently               u Multi-year R&D collaboration and licensing partnership
  dominated by biologics and could prove to be superior to
  biologics                                                    u Joint team until pre-CC stage. BI to take full
                                                                 responsibility of clinical development and
u AbbVie has decided to move the drug candidate ABBV-            commercialization
  157 into Phase I studies
                                                               u Inventiva eligible to up to €170m in milestones plus
u With the decision to enter into Phase I with ABBV-157          royalties
  and the discovery of a back-up to this lead candidate, the
  work of Inventiva’s team to discover new orally available    u Following the validation of this new target supporting its
  ROR inverse agonists is completed                              therapeutic potential in fibrotic conditions, Boehringer
                                                                 Ingelheim exercised the option to jointly develop this
u Inventiva remains eligible to future multiple milestones       target triggering a milestone payment of €2,5m
  payments and sales royalties on all ROR molecules
  identified during the collaboration                          u The collaboration has entered into the screening phase
                                                                 and the first molecules identified are currently being
                                                                 optimized by the Inventiva and Boehringer-Ingelheim
                                                                 teams

        ABBV-157: decision to enter into Phase I                     Program has progressed as planned with first
        studies                                                      screening performed

 Corporate Presentation | 2018                                                                 Non-confidential – Property of Inventiva │ 29
YAP-TEAD: update on program progress

The Hippo pathway: a newly discovered oncogenic signaling pathway, where Inventiva has established
a leading position

u The program addresses both rare cancers (malignant mesothelioma, uveal melanoma, …) as well as large cancers (NSCLC,
  TNBC, hepatoblastoma, hepatocellular carcinoma,…)

u Molecules inhibiting the yap-tead interaction have the potential to overcome drug resistance and tumor escape mechanism

u Two non-dilutive grants secured and large academic network in place

Recently generated data

 R      In vitro data on transactivation and proliferation

 R      Data showing Inventiva’s molecule block yap-tead target genes
 R      In vivo data in xenograft and PDX models with efficacy as stand-alone treatment or in combination with standard of care
 R      Two molecules identified with properties allowing to start non-GLP tox

 R      Two patents filed covering one chemical family
 R      Back-up program ongoing and new molecules with optimized properties identified

          The program is expected to enter into Phase I/II enabling preclinical development in 2019

Corporate Presentation | 2018                                                                       Non-confidential – Property of Inventiva │ 30
Near-term catalysts
Recent achievements and upcoming milestones

                                            2018                                       2019

                   R    2 year carcinogenicity study results
  Lanifibranor

                                                               u Results Phase IIb SSc
                   R    US fibrosis indication patent          u Last patient Phase IIb NASH
                   R    US IND                                 u Last patient Pr Cusi study in NAFLD patients with
                   R    First patient in NAFLD Phase II          TD2M

                   R    MPS VI biomarker study results         u Results Phase IIa MPS VI
  Odiparcil

                   R    Juvenile tox results                   u Launch of Phase Ib in children
                                                               u Rare pediatric disease designation MPS VI

                    ► Start Phase I with ABBV-157              u Results Phase I ABBV-157
  Collab.

                   R    Yap-Tead: Vivo POC                     u Yap-Tead: start of GLP tox
  Discovery

                   R    Capital increase
  Finance

Corporate Presentation | 2018                                                             Non-confidential – Property of Inventiva │ 32
Contacts
Inventiva                  Brunswick                            LifeSci Advisors

Frédéric Cren              Julien Trosdorf / Yannick Tetzlaff   Monique Kosse

CEO                        Media relations                      Investor relations

info@inventivapharma.com   inventiva@brunswickgroup.com         monique@lifesciadvisors.com

+33 (0)3 80 44 75 00       + 33 1 53 96 83 83
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