Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid

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Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Immunicum
Establishing a unique immuno-oncology approach
by developing allogeneic, off-the-shelf, cell-based
therapies

Company Presentation
November 2018
Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Disclaimer

This presentation contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical
facts, contained in this presentation, including statements regarding Immunicum’s view on strategy, future operations, future clinical development plans and
objectives, future financial position, future revenues, projected costs, prospects, plans and objectives of management, are forward-looking statements. The
words “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “predict”, “project”, “target”, “potential”, “will”, “would” “can”, “could”, “shall”,
“should”, “continue” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such
identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place
undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in
the forward-looking statements we make. The forward-looking statements contained in this presentation reflect Immunicum’s current views with respect to
future events, and Immunicum assumes no obligation to update any forward-looking statements except as required by applicable law. Our actual results
and/or actual events could differ materially from those anticipated in forward-looking statements for many reasons, including, without limitation, risks
associated with our clinical development activities, chemistry, manufacturing and controls, regulatory oversight, product commercialization, upholding of
intellectual property rights or intellectual property claims, general market developments and other risks, uncertainties and factors within and outside of our
control. Given these risks, uncertainties and other factors, you should not place undue reliance on forward-looking statements, and we assume no
obligation to update forward-looking statements, even if new information becomes available in the future, or to provide information regarding the reasons
why actual outcome, events or results could differ materially from those anticipated in the forward-looking statements, except as required by law. You
should instead make or, if you are not qualified to do so, seek the assistance of qualified and professional counsel in making, an independent and
adequately substantiated assessment of us, our operations, current and future activities and commercial potential based on all available information about
us, as presented in financial reports, press releases and in other contexts, and about the business fields and markets in which we are active, as presented
in, inter alia, scientific and other publications (although we do not assume any responsibility for information about us obtained from third parties).

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Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Immunicum: corporate highlights

             Immuno-Oncology: fastest growing market delivering breakthrough therapies

             Ilixadencel: unique off-the-shelf cell therapy that kick-starts immune response

             Phase 2 study fully enrolled; multiple studies ongoing, over 90 patients treated

             Public company at Nasdaq Stockholm, announced SEK 351 M capital raise

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Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Project pipeline

              Product & Indication                Combination        Preclinical   Phase I/II         Phase II   Phase III

  Ilixadencel: an off-the-shelf cancer immune primer

  Renal cell carcinoma                       Kinase inhibitors

  Hepatocellular carcinoma                   Kinase inhibitors

  Gastrointestinal stromal tumors            Kinase inhibitors

  Head and neck squamous cell carcinoma Checkpoint inhibitors

  Non-small cell lung cancer                 Checkpoint inhibitors                  start enrollment 2H2018

  Gastric adenocarcinoma                     Checkpoint inhibitors

  IMM-2: allogeneic dendritic cells with adenovirus
  coding for tumor antigens

  IMM-3: optimized CAR-T expansion protocol
  for improved anti-cancer activity

                                                                                                                             4
Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Ilixadencel as backbone therapy in the cancer immunity cycle:
“pushing the gas” to turn cold tumors into hot tumors for immunotherapy

                                                                                        4         Trafficking of CD8+ “killer” T cells to cancer tissue

        Priming and activation of CD8+ T cell
    3                                                                  BL                                          5       Infiltration of T cells into cancer tissue
        immune response to neoantigens                                   OO
                                                LY                            D
                                                   MP                             VE
                                                      H                                SS
                                                          NO                                EL
                                                             DE

                                                                                                    OR
                                                                                                 TUM
        Transport of neoantigens by                               ILIXADENCEL
    2                                                               INJECTION                                          6      Recognition of cancer cells by T cells
        dendritic cells to lymph nodes

        Release of tumor neoantigens and                                                                      Killing of cancer cells
    1                                                                                                    7
        recruitment of dendritic cells

                         PUSH THE GAS:                                                                      RELEASE THE BRAKE:
                  ACTIVATE THE IMMUNE SYSTEM                                                         BLOCK CANCER IMMUNE SUPPRESSION
                                                                                                         and/or KILL CANCER CELLS

             Immunicum’s ilixadencel primes and                                                  checkpoint inhibitors (Keytruda®/Opdivo®)
               activates the immune system to                                                      tyrosine kinase inhibitors (sunitinib)
                recognize and find cancer cells                                                       chemotherapies (gemcitabine)

                                                                                                                                                                        5
Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Ilixadencel: a unique off-the-shelf immune primer

Cell based, off-the-shelf immunotherapy product
• Allogeneic cells from healthy donor leukapheresis
• GMP-production at German CMO
• Proprietary method with cocktail to create pro-inflammatory dendritic cells
                                                                       not a vaccine!
Intratumoral administration
• Applicable to all injectable solid tumors
• Using the tumor as the source of neoantigens as in situ vaccination
• Off-the-shelf approach inducing an individualized response

                         ILIXADENCEL PRODUCTION

                             Healthy
                       1X     donor
                             sample
                                                  100X   ilixadencel
                                                             doses                      50X   Patients
                                                                                              treated

                                                         3 YEAR SHELF-LIFE

                                                                                                         6
Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Ilixadencel: unique mechanism of action in the tumor
Recruits and activates the patient’s own immune cells to prime a cytotoxic Th1 response against the released neoantigens

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Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Ilixadencel – RCC

Phase 1/2 Study Completed
Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Phase 1/2 RCC: intratumoral injection in kidney of metastatic
     patients results in tumor-specific CD8+ T cell in blood and tumor

                                                                                          RENAL CELL CARCINOMA (RCC)

                                                                                                                    S
                                                                                                             KIDNEY
                                                                                                                                     TUMOR

                                                                                                                                         Normal kidney tissue surrounding
                                                   Untreated tumor area (reference)               Treated tumor area                                                                          Metastasis
                                                                                                                                                treated tumor area

                                                   A reference slide demonstrating the   A massive infiltration of cancer specific       A clear absence of T cells outside of   A clear increased presence of CD8+ T
                                                   amount of T cells (black dots) in a      CD8+ T cells in the tumor after               the tumor site (similar to a healthy         cells at a distant metastasis
                                                           non-treated tumor.                   injection of ilixadencel.                tissue) supporting that the massive     demonstrates that the immune system
                                                                                                                                              infiltration is tumor-specific.       is also able to identify and target
                                                                                                                                                                                 cancer cells in other parts of the body.

Laurell et al., Journal for ImmunoTherapy of Cancer 2017

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Immunicum Establishing a unique immuno-oncology approach by developing allogeneic, off-the-shelf, cell-based therapies - abid
Phase 1/2 RCC: overall survival in mRCC patients more than
tripled vs historical data

Historical median OS of 14-16 months with sunitinib in newly        Median OS of 48 months with ilixadencel
diagnosed mRCC patients (Heng 2009; Ko 2014; Mejean 2018)           (Laurell et al., J Immunother Cancer 2017)

                                                                                                                      Still alive

                                                                                                                      Start of TKI

0              10              20              30              40                 50                60           70

 Time (in months) from start of ilixadencel treatment (as of January 2018)

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Phase 1/2 case report: ilixadencel followed by sunitinib
      results in complete remission of brain and liver metastases

         • Poor prognosis patient with multiple brain, lung and liver metastases                  PRIOR TO TREATMENT                  6 MONTHS POST TREATMENT

         • Received sunitinib due to progression after ilixadencel and surgery
         • Complete response of all brain and liver metastases
         • 66 months after ilixadencel treatment patient is still alive (October 2018*)

         • Literature on RCC patients with brain metastases1:
                                                                                                                                       Complete response of the brain
                   • 0% response in brain metastases to sunitinib (0/16 patients)              Patient with brain metastases before
                                                                                                        sunitinib treatment
                                                                                                                                      metastases 6 months after start of
                                                                                                                                                  sunitinib
                   • 6.3 months overall survival in these 16 patients

         •     Potential combination synergy as sunitinib may block tumor’s defense against activated immune response
         •     Phase 2 study includes sunitinib for all patients after ilixadencel injections, versus sunitinib alone

* Later follow-up than included in survival graph
1) Chevreau et al., Clin Genitourin Cancer 2014

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Ilixadencel

 Backbone Immunotherapy for
Solid Tumors in Major Indications
Ilixadencel as backbone: positioning in combination

               TYROSINE KINASE INHIBITORS                                                                CHECKPOINT INHIBITORS

      Kidney                    Liver              Gastrointestinal                      Head and Neck               Lung                  Gastric
      (RCC)                    (HCC)                   (GIST)                              (HNSCC)                 (NSCLC)                (GA/GEJ)

       Phase 2 study in RCC (MERECA) fully enrolled                                      Phase 1b/2 multi-indication study (ILIAD) now initiating

 •   Randomized controlled study with 88 patients in US and EU                       •     Phase 1b study (n=21) with PD1 inhibitor pembrolizumab
 •   Ilixadencel followed by sunitinib, vs. sunitinib alone                          •     Subsequent Phase 2 controlled studies per indication
 •   Q3 2019: top-line results                                                       •     July 2018: FDA approval to allow initiation of study in US
                                                                                     •     2019: safety and initial dosing results expected

     Phase 1/2 study in HCC completed, ongoing in GIST                                     Preclinical Proof of Concept poster at ESMO 2018

 •   H2 2018: publication of HCC results expected                                    •     Synergy with checkpoint inhibitors and immune enhancers
 •   2019: top-line results in GIST expected                                         •     October 2018: poster with results at ESMO conference

                                                                      CONFIDENTIAL                                                                      13
Capital raise of SEK 351 M with strong institutional investors in Directed Issue
and fully guaranteed Rights Issue
                                        B A C K G R O U N D            A N D      R E A S O N S

           S E K               Directed Issue with binding subscription commitments from a number of
                               institutional investors, including:
          178M                        Fourth AP-fund: SEK 38 M                 Gladiator: SEK 32 M
                                     Second AP-fund: SEK 21 M                 Alfred Berg: SEK 20 M
        Directed Issue
                                       Nordic Cross: SEK 17 M                   Adrigo: SEK 10 M
                                           Other private and institutional investors: total SEK 40 M

                               The capital raised is primarily intended to finance:
                                • extended Phase Ib/II combination study;
           S E K
                                • investment into commercial process development and manufacturing;

          173M                  • supportive preclinical development; and
                                • strengthen position in future license negotiations with major
                                  pharmaceutical companies
         Rights Issue
                                                           K E Y     D A T E S

                               8 November:                               26 November – 10 December:
                               EGM                                       Subscription period
    SUBSCRIPTION PRICE         21 November:                              26 November – 6 December:
                               Record date                               Trading in subscription rights

      SEK 8.5                  Around 13 December:
                               Publication of outcome Rights Issue

                                              CONFIDENTIAL                                                14
Immunicum: corporate highlights

             Unique Positioning              Advanced Stage

            Innovative immune primer        Phase 2 fully enrolled

            Off-the-shelf cell therapy       Safety in 90 patients

               Backbone therapy             Robust manufacturing

             Experienced Team              Growth Opportunity

               Pharma & Biotech           Immuno-Oncology market

                Founder as CSO             SEK 351 M capital raise

               CMC & Regulatory          Value-inflection data in 2019

                                                                         15
Immunicum
Establishing a unique immuno-oncology approach
by developing allogeneic, off-the-shelf, cell-based
therapies

Thank you!

ir@immunicum.com
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