Innovative Therapies for Disorders of the Brain and Nervous System - Discovering and Developing Novel Small-Molecule NMDAr Modulators - Aptinyx
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Nasdaq: APTX Innovative Therapies for Disorders of the Brain and Nervous System Discovering and Developing Novel Small-Molecule NMDAr Modulators December 2019
Forward-looking statements This presentation has been prepared by Aptinyx Inc. (“we,” ”us,” “our,” “Aptinyx,” or the “Company”) and is made for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The information set forth herein does not purport to be complete or to contain all of the information you may desire. Statements contained herein are made as of the date of this presentation unless stated otherwise, and neither this presentation, nor any sale of securities, shall under any circumstances create an implication that the information contained herein is correct as of any time after such date or that information will be updated or revised to reflect information that subsequently becomes available or changes occurring after the date hereof. This presentation contains “forward‐looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 relating to business, operations, and financial conditions of Aptinyx including but not limited to preclinical and clinical development of Aptinyx’s product candidates and the timing and reporting of results from preclinical and clinical studies evaluating Aptinyx’s product candidates. Words such as, but not limited to, “look forward to,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “would,” “should” and “could,” and similar expressions or words, identify forward‐looking statements. Although Aptinyx believes the expectations reflected in such forward‐looking statements are based upon reasonable assumptions, there can be no assurance that its expectations will be realized. Actual results could differ materially from those projected in Aptinyx’s forward‐looking statements due to numerous known and unknown risks and uncertainties. All forward‐looking statements speak only as of the date of this presentation and are qualified in their entirety by this cautionary statement. Aptinyx undertakes no obligation to revise or update this presentation to reflect events or circumstances after the date hereof. 2 12/12/2019
Clinical-stage biopharmaceutical company developing transformative NMDA receptor-modulating therapies ✓ VALIDATED TARGETING RELEVANT POSITIVE CLINICAL MILESTONES TECHNOLOGY DISEASE AREAS HUMAN DATA IN NEXT 12-18 MONTHS with differentiated with significant unmet in Phase 1 & Phase 2 across multiple science & need & commercial clinical studies compounds & mechanism opportunity indications $ ROBUST IP PRODUCTIVE WELL-FUNDED PROVEN TEAM WITH through internal COLLABORATION & BACKED EXPERTISE & SUCCESS innovation & with Allergan by highly regarded across pharma proprietary platform healthcare investors value chain 3 12/12/2019
Development progress to date provides substantial support for ongoing clinical studies Preclinical Early Clinical / Mid-to-late Stage Design & Discovery Behavioral Studies Safety Evaluations Efficacy Evaluations De novo, in-house medicinal In-depth screening in Clinical-stage candidates Demonstrated effects on chemistry platform models of mood, learning, evaluated in > 200 healthy neuroimaging biomarkers memory, cognition, and volunteers in safety and of pain processing in Phase Over 1,000 molecules pain pharmacodynamic studies 2 fibromyalgia study synthesized to date Rapid, robust, and enduring No SAEs—even at very high Strong evidence of efficacy Extensive in-vitro and in- activity in preclinical models doses (up to 1.2g) on patient-reported vivo characterization of of pain, PTSD, and cognitive symptoms across two novel modulation of NMDA impairment—among others Linear, dose-dependent, Phase 2 studies in chronic receptors and predictable pain patients Striking results with NYX- pharmacokinetic profiles Numerous issued 458 in highly translatable Four ongoing Phase 2 composition of matter non-human primate model Ample CNS exposure studies patents providing exclusivity of Parkinson’s disease confirmed through Painful DPN through 2034 and beyond cerebrospinal fluid draws Fibromyalgia NMDAr pathway PTSD engagement confirmed Parkinson’s mild through two Phase 1 EEG cognitive impairment studies 4 12/12/2019
Chronic Pain PTSD Parkinson’s Cognitive Impairment Affects up to 100mm people ~8.5mm people suffering Affects up to 500k people in in the U.S. from PTSD in the U.S. the U.S. Current therapies have Caused by numerous 50% of those with limited efficacy and trauma types and Parkinson’s have cognitive substantial side effects underdiagnosed impairment Market leading therapies Elevated suicide risk Significant disease burden have significant drawbacks, on patients and caregivers yet have garnered >$5bn in Often with simultaneous annual revenues each addiction or drug abuse Only 1 approved therapy with limited efficacy in PD Significant abuse liability Only 2 approved therapies, both approved 10+ years ago Aptinyx is developing innovative therapies in large therapeutic areas with significant unmet need 5 12/12/2019
Multiple clinical-stage development programs across various CNS indications Indication Phase 1 Phase 2 Phase 3 Marketed Painful Diabetic Peripheral Neuropathy Phase 2b Data expected 4Q 2020 / 1Q 2021 NYX-2925 Fibromyalgia Phase 2b Data expected 1H 2021 Post-Traumatic NYX-783 Phase 2 Data expected 2H 2020 Stress Disorder Parkinson’s Disease NYX-458 Cognitive Impairment Phase 2 Data expected 2H 2021 Four Phase 2 data readouts expected over the next 12 to 24 months 6 12/12/2019
NMDA receptor has been a target of interest to drug developers for decades NMDA receptors are vital to normal brain physiology and abnormal NMDAr function underpins numerous CNS diseases Dementia Chronic Pain Schizophrenia Alzheimer’s Disease Huntington’s Disease Depression Cerebral Ischemia PTSD Cognitive Impairment Traumatic Brain Injury Anti-NMDAr Encephalitis Autism Spectrum Disorders Parkinson’s Disease But, NMDAr-targeted drugs discovered to date (largely inhibitors, e.g., PCP, ketamine) have significant limitations 7 12/12/2019
Modulation: a differentiated approach to targeting the NMDA receptor VS. Aptinyx compounds modulate NMDA receptors, normalizing function and avoiding side effects of over-activation or inhibition 8 12/12/2019
Modulation: a differentiated approach to targeting the NMDA receptor Intracellular Calcium Measured in Rat Cortical Neurons Modulation – NYX-2925 Antagonism – Ketamine Max enhancement ~20% VS. Max inhibition ~20% Unlike the full inhibition observed with NMDAr antagonist, ketamine, Aptinyx compounds demonstrate mild activation and mild inhibition of receptors 9 12/12/2019
Novel modulation of NMDA receptors ultimately enhances learning and memory processes NMDAr modulation triggers neurobiological cascade Changes in Gene and LTP = long-term potentiation Protein Expression LTD = long-term depression Compounds interact with the NMDA receptor rapidly, triggering a neurobiological cascade, leading to: Conformational and structural changes of NMDA receptors Facilitation of calcium flux Changes in gene and protein expression Increased expression of NMDA and AMPA receptors at the cell surface, Enhancement of long-term potentiation and synaptic plasticity, which underpin learning and memory 10 12/12/2019
Prolific output from Aptinyx small-molecule NMDAr modulator discovery platform Molecules from the Aptinyx chemistry platform… NMDA Receptor stem from dozens of novel chemical scaffolds bind at a novel, distinct, newly characterized binding domain demonstrate high oral bioavailability and stability are protected through 2034 and beyond by Aptinyx composition of matter patents and patent applications have diverse potency, activity, subtype selectivity, and Over 1,000 unique, small-molecule NMDAr pharmacology/biology profiles modulators designed and synthesized 11 12/12/2019
Chronic pain represents a major healthcare and societal challenge Current therapies have limited efficacy and significant drawbacks Large market: Substantially underserved: 100 million people 40-60% do not achieve with chronic pain even partial pain relief with in the U.S. current NP therapies Cymbalta and Lyrica each have Significant abuse liability achieved $5B+ in peak annual sales despite major limitations: Significant side effects Variable and marginal efficacy Compliance challenges due to burdensome dosing regimens 12 12/12/2019
Favorable tolerability and dose-proportional PK of NYX-2925 observed in 84-subject Phase 1 study Single Ascending Dose Plasma PK Multiple Ascending Dose Plasma PK CSF Exposure With single and repeat dosing… drug is cleared within 24 hours no significant accumulation after 7 daily doses AUC and Cmax are directly proportional to unit dose no impact on AUC in fed vs. fasted state brain exposure is ample and predictable no drug-related SAEs, even at very high doses ✓ no dissociative side effects ✓ no clinically significant changes in safety ECGs ✓ no clinically significant changes in laboratory values Effective Doses tested dose range in Phase 2 13 preclinically 12/12/2019
Mechanism of NYX 2925 targets aberrant, centralized pain processing in chronic pain conditions Aberrant Centralized Normal Pain Processing Pain Processing Altered pain processing in the brain Decreased descending inhibition 1. Stimulus sensed by peripheral nerve 1. Hyper-sensitivity and overactive nerves in the 2. Impulses depolarize the dorsal horn, increasing Ca2+ in periphery neurons, causing release of neurotransmitters 2. Functional and processing changes in the brain 3. Signal is sent to the brain via ascending path and 3. Decreased descending inhibition leading to perceived as pain increased pain perception—even in the absence of 4. The descending pathway carries impulses back to the harmful stimuli dorsal horn 14 12/12/2019
Fibromyalgia is a centralized chronic pain condition that affects millions and is vastly underserved A substantial market opportunity with no What is fibromyalgia? adequate therapeutic options 2nd most common “rheumatic” disorder behind OA Aberrant centralized Estimates as high as 15 million1 people in the U.S. pain processing Current treatments include antiepileptics, antidepressants, and opioids – All have limited efficacy and substantial side effects, including risk of abuse/addiction Cymbalta and Lyrica, approved therapies for fibromyalgia, both achieved in excess of $5bn annually Est. U.S. patients by severity SEVERE Aberrant processing in fibromyalgia—which MODERATE can be objectively observed—results in pain MILD 8.2mm and other symptoms 5.6mm 1.5mm 1 GlobalData Fibromyalgia Global Drug Forecast and Market Analysis to 2023 15 12/12/2019
In Phase 2 neuroimaging study, NYX-2925 demonstrated significant effects on primary endpoint: validated biomarkers of pain processing Top-line fMRI Findings Top-line Glx/1H-MRS* Findings Hyper-connectivity between brain regions is Increased Glx levels are observed in fibromyalgia observed in fibromyalgia patients patients and associated with higher pain perception NYX-2925 significantly reduced levels of connectivity in the dorsal anterior cingulate NYX-2925 reduced Glx levels, leading to pain cortex (dACC) and the posterior insular cortex alleviation (pINS) dACC Glx Levels (Resting State) pINS Glx Levels (Post-Evoked Pain) Placebo NYX-2925 Effects on objective biomarkers demonstrated clear activity on centralized pain processing and were strongly correlated with effects on patient-reported measures * 1H-MRS = Proton magnetic resonance spectroscopy Notes: p-values calculated using paired-t test based on individual changes from placebo (week 2) to 20mg (week 4) or 200mg (week 6) Error bars reflect standard error of mean 16 Glx/tCR = glutamate + glutamine normalized over total creatine 12/12/2019
NYX-2925 also had significant effects on patient-reported outcomes across broad spectrum of fibromyalgia symptoms Average Daily Pain Worst Daily Pain Pain Endpoints Total FIQR Score* PROMISFM Total Fatigue Profile Score** Key QoL/Function Endpoints *Total FIQR reflects composite of Function, Overall Impact, and Symptom domain Scores **Total Fatigue Profile Score reflects composite of Experience, Social Impact, Motivational Impact, and Cognitive Impact domain Scores Notes: p-values calculated using paired-t test based on individual changes from baseline to each week or from placebo (week 2) to 200 mg (week 6) 17 Error bars reflect standard error of mean 12/12/2019
Chronic painful DPN results in centralization of pain processing and current therapies are inadequate Underserved patient population representing a Centralization in chronic painful DPN substantial market opportunity Peripheral nerve damage caused by sustained elevated glucose levels One of the most common complications among the 26 million patients suffering from diabetes Estimated to affect up to 30% of diabetes patients – ~7.5 million people in the U.S. Current treatments include antiepileptics, antidepressants, and opioids – All have limited efficacy and substantial side Time effects, including risk of abuse/addiction Centralization Cymbalta and Lyrica, approved therapies for painful DPN, both achieved in excess of $5bn With continued nerve damage and peripheral pain, annually pain processing in the brain shifts from sensory regions to emotional and learning & memory regions. 18 12/12/2019
Signal of efficacy observed across total population in Phase 2 DPN study—with greater separation in group not on concomitant analgesics Change in average daily pain (primary efficacy endpoint) Total Efficacy Population (N=300) Efficacy Population – No con. med. (N=148) 50 mg NYX-2925: 50 mg NYX-2925: 24% reduction in pain 25% reduction in pain 0.38-point ∆ vs. placebo 0.58-point ∆ vs. placebo Clinically meaningful reduction in pain observed in total study population with greater separation seen in patients not taking a concomitant analgesic medication—approximately half of the study population 19 Note: Pain reduction by DPN duration is Retrospective analysis 12/12/2019
In initial Phase 2 DPN study, NYX-2925 demonstrated robust analgesic activity in more chronic patients Change in Average Daily Pain (Baseline to Wk 4) by DPN Duration Duration of DPN Diagnosis ≥ 1 yrs ≥ 2 yrs ≥ 3 yrs ≥ 4 yrs ≥ 5 yrs (N=275) (N=204) (N=151) (N=127) (N=95) 0 N=68 N=68 N=46 N=54 N=31 N=42 N=26 N=33 N=21 N=22 Change in NRS (0-10) Pain Score from -0.5 -0.72 -1 Baseline -0.93 -1.04 -1.26 -1.26 -1.5 -1.51 -1.62 -1.77 -2 -1.93 50mg Placebo ** -2.12 -2.5 * *P
Significant, and clinically meaningful effects observed in advanced DPN population—with no plateau in four weeks Change in average daily pain (primary efficacy endpoint) Advanced DPN population (N=127)* Advanced DPN population – No con. med. (N=64)* 50 mg NYX-2925: 50 mg NYX-2925: 31% reduction in pain 35% reduction in pain 1.2-point ∆ vs. placebo 1.8-point ∆ vs. placebo NYX-2925 exhibited robust effects in patients with advanced DPN—and the separation from placebo was even more pronounced in the population not on concomitant analgesic medications 21 *Retrospective analysis of advanced DPN population includes patients who had DPN for ≥ 4 years 12/12/2019
Effect of NYX-2925 in advanced DPN was consistent across endpoints in the study Advanced DPN population (N=127)* Worst Daily Pain: Pain on Walking: 26% Improvement 32% Improvement 0.93-point ∆ vs. placebo 1.1-point ∆ vs. placebo DSIS: 38% Improvement 1.4-point ∆ vs. placebo 22 *Retrospective analysis of advanced DPN population includes patients who had DPN for ≥ 4 years 12/12/2019
Key study findings provide foundation for further development of NYX-2925 for painful DPN NYX-2925 was safe and well tolerated in the study no SAEs and an overall AE profile comparable to placebo Patients with advanced DPN showed the greatest treatment benefit – Mechanism of NYX-2925 addresses the increasing central manifestation of pain perception and processing associated with the prolonged chronic pain these patients experience – Patients with advanced DPN represented nearly half of the entire study population (N = 127) 50 mg identified as the most active dose level among the three doses tested – Evidence of inverted-U-shaped dose response, consistent with previous preclinical and clinical data with this mechanism In patients with advanced DPN, effect of 50 mg dose was robust and clinically meaningful – Week 4 change vs. baseline in average daily pain (on 10-point NRS) = 1.93 points (p
Recently initiated two follow-up Phase 2 studies of NYX-2925 in centralized chronic pain conditions Painful DPN Fibromyalgia ~200-patient, placebo-controlled, ~300-patient, placebo-controlled, double-blind double-blind Advanced DPN population 12-week endpoint 12-week endpoint 50 mg or 100 mg daily vs placebo 50 mg daily vs placebo No concomitant analgesics No concomitant analgesics Primary endpoint: Change in average daily pain (NRS) Primary endpoint: Change in average daily pain (NRS) Other endpoints: daily sleep interference, FIQR, PROMIS Other endpoints: Worst daily pain, daily sleep interference, pain on walking Data expected 4Q 2020/1Q 2021 Data expected 1H 2021 24 12/12/2019
PTSD affects millions, is likely underdiagnosed, and has common and debilitating comorbidities Large market Detrimental comorbidities ~8.5 million people suffering compound the medical from PTSD in the U.S. and societal costs with an estimated lifetime prevalence of 4.7% PTSD Elevated suicide rates among PTSD suffers ~20 veterans or servicemembers die from suicide daily Limited effective therapy options Numerous causes of PTSD Only 2 currently Car accidents approved therapies both SSRI antidepressants Criminal assault 50-66 % also battle with limited utility that were War combat simultaneous addiction approved 10+ years ago Natural disaster to alcohol and other drugs Sexual trauma 25 12/12/2019
NYX-783 in Phase 2 clinical development for the treatment of PTSD Clear Mechanistic Rationale Significant Unmet Need Learning and memory dysfunction is at Currently, only 2 FDA-approved therapies for PTSD: the root of PTSD symptomatology both SSRI antidepressants with limited efficacy D-cycloserine (DCS), an NMDAr Current therapies only target symptoms of PTSD modulator, has demonstrated effect in Side effects limit utilization of some effective therapies PTSD Strong Preclinical Evidence NYX-783 resulted in more robust, accelerated, and enduring fear extinction in conditioned fear model Preclinical evidence indicates the potential for NYX-783 to address the learning and memory dysfunction underpinning PTSD 26 12/12/2019
Favorable safety and tolerability and dose-proportional PK of NYX-783 observed in 62-subject Phase 1 study Single Ascending Dose Plasma PK Multiple Ascending Dose Plasma PK CSF Concentration NYX-783 exhibits favorable tolerability NYX-783 50 mg PO and PK properties: Predictable and dose-proportional PK Cleared from plasma in 24 hrs. No accumulation with repeat dosing No apparent impact on AUC in “fed” state Ample, predictable brain exposure No SAEs at any dose tested 27 12/12/2019
Ongoing first-in-patient Phase 2 study of NYX-783 in patients with post-traumatic stress disorder Screening Stage 1 (4 weeks) Stage 2 (4 weeks) Placebo non-responders N ≈ 150 Placebo Placebo NYX-783 10 mg NYX-783 50 mg Placebo non-responder criteria: Diagnosis of • CAPS-5 reduction from baseline ≤35% Placebo responders PTSD (DSM-5) • CAPS-5 score @ re-randomization ≥26 Placebo CAPS-5 ≥30 NYX-783 10 mg PCL-5 ≥38 NYX-783 50 mg NYX-783 10 mg Placebo NYX-783 50 mg Primary analysis for efficacy Evaluating effects of NYX-783 on PTSD symptoms using multiple endpoints Outcome of study to inform dose selection, most appropriate enrollment criteria, and endpoints for future studies Data from this first-in-patient Phase 2 study expected 2H 2020 CAPS-5 (Clinician Administered PTSD Scale – DSM 5th Edition) PCL-5 (PTSD Checklist – DSM 5th Edition) 28 12/12/2019
Vast unmet need in Parkinson’s disease cognitive impairment despite significant disease burden ~1 million ~500k people suffering from Parkinson’s ~250k with MCI disease in the U.S. ~250k with dementia 50%+ 1 of those with Parkinson’s Disease therapy approved to date, Exelon®, have some form of cognitive which is minimally efficacious in PD impairment patients 29 12/12/2019
NYX-458 in clinical development for the treatment of cognitive impairment associated with Parkinson’s disease Clear Mechanistic Rationale Substantial Opportunity Synaptic plasticity and LTP – both enhanced by Significant unmet need NYX-458 – play key roles in learning and memory Concentrated patient and prescriber base NMDAr dysregulation and dysfunction caused by Attractive potential follow-on indications in a neuronal loss (dopamine neurons in Parkinson’s) number of cognitive disorders Strong Preclinical Evidence In light of striking effects in rodent models… …NYX-458 was evaluated in a highly translatable model of Parkinson’s in non-human primates Robust effects on cognition in preclinical models support development in Parkinson’s disease cognitive impairment 30 12/12/2019
NYX-458 exhibits robust, long-lasting effects on cognitive deficits in non-human primate model of Parkinson’s disease After healthy baseline cognitive performance was impaired with MPTP, NYX-458 resulted in reversal of cognitive impairment Recovered effects after re-induced impairment Effects lasted ~3 months after final dose Sustained effects with repeat dosing Did not worsen motor symptoms or interfere with L-Dopa 31 *MPTP is a neurotoxin employed to deplete dopamine-related neural cells -- similar to the way Parkinson’s disease does in humans 12/12/2019
Favorable safety and tolerability and dose-proportional PK of NYX-458 observed in 62-subject Phase 1 study Single Ascending Dose Plasma PK Multiple Ascending Dose Plasma PK CSF Concentration NYX-458 exhibits favorable tolerability NYX-458 10 mg PO and PK properties: Predictable and dose-proportional PK Cleared from plasma in 24 hrs. No meaningful accumulation with repeat dosing Ample, predictable brain exposure No SAEs at any dose tested 32 12/12/2019
Ongoing first-in-patient Phase 2 study of NYX-458 in PD-MCI Placebo-controlled period Screening Follow Up (12 Weeks) N ≈ 135 Placebo PD (>1 year) Cognitive impairment NYX-458 10 mg - and - Follow up Visit MoCA ≥ 17 NYX-458 30 mg (not severely impaired) NYX-458 100 mg Evaluating safety and tolerability of NYX-458 in Parkinson’s population Evaluating effects of NYX-458 on cognitive impairment using multiple endpoints Outcome of study to inform most appropriate dose, enrollment criteria, and endpoints for future studies Data from this first-in-patient Phase 2 study expected 2H 2021 PD = Parkinson’s disease 33 MoCA = Montreal Cognitive Assessment 12/12/2019
Aptinyx is well-funded into 2021, enabling multiple clinical milestones 2020 2021 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Painful Phase 2 data NYX- DPN 2925 Fibromyalgia Phase 2 data NYX- PTSD First-in-patient Ph2 data 783 Parkinson’s NYX- Cognitive First-in-patient Ph2 data 458 Impairment Cash and Cash Equivalents $114mm as of September 30, 2019 34 12/12/2019
Experienced management team and a board of highly regarded healthcare investors and leaders Executive Management Team Norbert Riedel, PhD Ashish Khanna Andy Kidd Kathryn King, PhD President & CEO CFO & Chief Business Officer Chief Operating Officer SVP of Clinical Development Board of Directors Wilbur Gantz (Chairman) Henry Gosebruch President EVP, Chief Strategy Officer, AbbVie Patrick Enright Robert Hombach Founder & Managing Director Retired CFO, Baxter and Baxalta Terry Gould Adam Koppel, MD, PhD Partner & Head of Venture/ Growth Equity Managing Director Rachel Sherman, MD, MPH James Topper, MD, PhD Former FDA Principal Deputy Commissioner Managing General Partner Norbert Riedel, PhD President & CEO 35 12/12/2019
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