Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...

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Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
PAD™ Technology - releasing the full potential

                         Introducing a new standard of topical therapies

                         Jesper J. Lange, President & CEO

                         Dermatology Summit 2019
© mc2 therapeutics ÷ 1
Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
Attractive topical therapies for chronic conditions must meet three criteria

                            Actives                   Formulation               Compliance

                         Safe and potent            Optimal delivery           Patients want to
                                                    to target tissue            use product in
                                                                                daily routines

                                           Releasing full clinical potential

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Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
Challenging status quo - introducing PAD™ Technology – a new standard in topicals
                         Efficacy             Status quo:
                                                                        Optimal real-life
                                       Efficacy or compliance?
                                                                     efficacy and comfort

                                                                        Combining high efficacy
                                                          PAD™
                                                         Paradigme                and
                   High                                  Vehicles
                                                            shift       excellent cosmetic feel
                                    Ointment,
                                    liquid oil

                                                    Cream, lotion,
                                                     spray, gel,
                   Low                                  foam

                                                                     Comfortable in daily routines
                                                                       = increased compliance
© mc2 therapeutics ÷ 3
                                      Low                   High
Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
PAD™ Technology – developed for optimal efficacy and compliance - redefining topicals

                                                PAD™ Key Feature          Impact

                                              Optimal delivery of API’s   Strong clinical data

                                                                          Increasing quality of life and
                                               Pleasant and tolerable
                                                                          compliance

                                               Expanded formulation       Enables difficult API’s in
                                                     space                topical therapies incl. combos

                         Granted patents

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Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
PAD™ tacrolimus formulation is more effective and yet uniquely elegant

                                      PAD™ Vehicle delivers more tacrolimus to                                       PAD™ tacrolimus outperforms Protopic®
                                      minipig skin than Protopic® ointment                                           in allergic contact dermatitis pig model

                                      2000                                                                          3.00
                                      1800
           ng tacrolimus / g tissue

                                      1600                                                                          2.50
                                                                              1.3x
                                      1400

                                                                                                   Erythema score
                                                                                                                    2.00
                                      1200
                                                        3x
                                      1000                                                                          1.50
                                      800
                                      600                                                                           1.00
                                      400                                                                                          PADtacro
                                                                                                                    0.50
                                      200                                                                                          Protopic
                                        0                                                                             -
                                             PAD™ Veh 0.03%   PAD™ Veh 0.1%   Protopic® ointment
                                                                                     0.1%                                  0.001           0.01                 0.1
                                                                                                                                       Concentration (% w/w) [log scale]

             (Biopsy data from minipigs treated twice daily for 4 weeks show penetration at           (Allergic contact eczema induced by sensitization/challenge with DNFB/DNCB.
             least comparable to the reference Protopic® ointment; n=4, two test                      Erythema scoring 24h after challenge and treatment at 30 min and 6h; n=8,
             areas/biopsies per formulation per animal)                                               two test areas per formulation per animal)

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Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
PAD™ is releasing the full potential – also on difficult actives

       §       Formulation of NCE under third party collaboration
       §       PAD™ Vehicle outperformed third party competing formulations in landrace pig allergic contact dermatitis model

    Target efficacy profile                                                                                                                                                       PAD™ formulation
    for NCE drug                                                                                                                                                                  rescued program as
    candidate                                                                                                                                                                     conventional formulations
                                                     Ointment Control

                                                                                                                      Ointment Vehicle
                                                                                     Betamethasone

                                                                                                     Hydrocortisone

                                                                                                                                                                  Ointment 0.1%
                                                                                                                                                                                  did not succeed

                                                                                                                                                     Cream 0.1%
                                                                                                                                         PAD™ 0.1%
                                                                        Clobetasol

                                                                                                     butyrate
                                           (Allergic contact eczema induced by sensitization/challenge with DNFB/DNCB.
                                           Erythema scoring 24h after challenge and single treatment at 30 min; n=9)

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Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
PAD™ eye drop enables >4x better delivery of ciclosporin vs. Restasis®

                                                             Single dose PK in rabbits (cornea)
                                                  3000
                                                                                  PADciclo (0.1%)
                                                  2500                            PADciclo (0.06%)
                         ng CsA/g cornea tissue

                                                                                  Restasis® (0.05%)
                                                  2000

                                                  1500

                                                  1000

                                                   500
                                                                                                           4.7x fold AUC0-24h
                                                     0
                                                         0   4      8        12     16       20       24
                                                                        Hours
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Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
MC2-03 (dry eye) Ph2 trial: PAD™ enables strong clinical efficacy data on ciclosporin

                                                      Combined arms                                                    Combined arms
                                                    % Treatment success                                              % Treatment success
                                                                                                                   Severe patients subgroup
                                              80%                                                           80%
                                                        0.03% + 0.06% CsA                                                0.03% + 0.06% CsA
                                              70%                                                           70%
                   % CFS 2-grade responders

                                                        Vehicle + Lubricant                                              Vehicle + Lubricant

                                                                                 % CFS 2-grade responders
                                              60%                                                           60%

                                              50%                     p=0.0358                                                          p=0.0161
                                                                                                            50%

                                              40%                                                           40%

                                              30%                                                           30%

                                              20%                                                           20%

                                              10%                                                           10%

                                              0%                                                              0%
                                                                                                            n=50    n=48
                                                    Month 3           Month 6                                       Month 3            Month 6

                                                      n = 111 - 119 per arm                                              n = 48 – 51 per arm

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Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
Topline data US Ph3 Trial on MC2-01 PAD™ Cream (plaque psoriasis)
                  Head-to-head trial against Taclonex® Topical Suspension

                  MC2-01 0.005% w/w calcipotriene + 0.064% w/w betamethasone dipropionate cream

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Introducing a new standard of topical therapies - Jesper J. Lange, President & CEO Dermatology Summit 2019 - Company Presentation ...
Rationale: Improve the best topical therapy for psoriasis (fixed-dose CAL/BDP)

                          Calcipotriene (CAL)                                                         Betamethasone diproponate (BDP)

       Dual synergy:                                                                           PAD™ Technology uniquely enables a stable
                                                                                               cream formulation of CAL and BDP
       1)       High potent efficacy – dual MoA of CAL and BDP
                                                                                               1)    Quickly absorbs into the skin
       2)       Improved safety - CAL and BDP mitigate
                potential adverse effects known from mono-                                     2)    High penetration to target tissue
                therapy1

                                                                            MC2-01 Cream
                                                                  0.005% w/w calcipotriene and 0.064% w/w
                                                                        betamethasone dipropionate

       1. Norsgaard et al. Arch Dermatol Res (2014) 306:719–729

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Ph3 trial to evaluate efficacy and safety of MC2-01 Cream compared to Taclonex® TS

                             Screening                  8 week treatment period – 1x daily             Follow-up

                                             Baseline                                        Week 8

                                                            MC2-01 cream (n~342)

                           Adults
                           mild to
                                         R              MC2-01 cream vehicle (n~115)                  2 week follow-up
                          moderate
                          psoriasis
                                                    Taclonex Topical Suspension (n~337)

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MC2-01 Cream demonstrates significantly higher treatment success than Taclonex® TS

                                                             Primary efficacy variable: PGA Treatment Success

                                                    50
                                                             MC2-01 Cream
                                                                                                         ****
                                                             Taclonex
                                                    40
                                                                                             ****
                          % PGA Treatment Success

                                                             MC2-01 Vehicle

                                                    30                           ****

                                                    20

                                                    10

                                                                                                                ****   p < 0.0001
                                                                                                                       MC2-01 vs Taclonex
                                                    0
                                                         0              2        4            6            8
                                                                                 Weeks
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MC2-01 Cream demonstrates significantly better reduction in mPASI than Taclonex® TS

                          Secondary efficacy variable: Percentage Change in mPASI from Baseline
                                                               80
                                                                        MC2-01 Cream
                                                               70
                             % Change in mPASI from Baseline
                                                                                                          ****
                                                                        Taclonex                   ****
                                                               60
                                                                        MC2-01 Vehicle   ****
                                                               50

                                                               40

                                                               30       ***
                                                               20
                                                                                                                 ***    p < 0.001
                                                                                                                        (MC2-01 vs Taclonex)
                                                               10
                                                                                                                 ****   p < 0.0001
                                                                0                                                       (MC2-01 vs Taclonex)
                                                                    0              2      4         6      8
                                                                                           Weeks

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MC2-01 Cream has significant PASI 75 treatment success

                                               Other efficacy variable: PASI 75 Treatment Success

                                      50
                                                   MC2-01 Cream
                                                                                             **
                                                   Taclonex
                                      40
                                                   MC2-01 Vehicle               **
                          % PASI 75

                                      30
                                                                     **

                                      20

                                      10
                                                                                                    **   p < 0.01
                                                                                                         MC2-01 vs Taclonex
                                      0
                                           0            2            4          6            8
                                                                    Weeks

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Patients found MC2-01 cream significantly more convenient than Taclonex® TS

                                                                         Secondary PRO: Patients treatment convenience scale
                                                                50

                          Patient Treatment Convenience Scale
                                                                           MC2-01 Cream

                                                                45
                                                                           Taclonex
                                                                                                                       ****
                                                                                              ****
                                                                40
                                                                           ****

                                                                35

                                                                                                                               **** p < 0.0001
                                                                                                                                    MC2-01 vs Taclonex
                                                                30
                                                                     0                2         4          6            8

                                                                                             Weeks

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MC2-01 Cream shows significant and clinically meaningful reduction of itch

                          Proportion of subjects with ≥4-point improvement of itch on 11-point NRS scale

                                                                    80

                               % ≥4-point improvement of NRS Itch
                                                                             MC2-01 Cream
                                                                    70                                    **
                                                                             MC2-01 Vehicle
                                                                                              **
                                                                    60

                                                                    50

                                                                    40

                                                                    30

                                                                    20

                                                                    10                                         **   p < 0.01
                                                                                                                    MC2-01 vs Vehicle
                                                                    0
                                                                         0            2        4      6   8

                                                                                              Weeks

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MC2 advanced pipeline targeting major chronic inflammatory conditions

                                        Active                             MC2        Pre-                                          Launch
                          Program                       Indication                                   Phase 2   Phase 3   Filing
                                      Ingredient                          Rights     Clinical                                         est.

                                                                                                                         US H1’19   US H1’ 20
                          MC2-01    Calcipotriene/BDP     Psoriasis      Worldwide
                                                                                                EU                       EU H2’19   EU H2’ 20

                                                                                                                                    EU H2’ 21
                          MC2-03       Ciclosporin        Dry Eye        Worldwide
                                                                                                                                     US TBD
         Rx
                                                          Atopic
                          MC2-11       Tacrolimus                        Worldwide              Ph2a H2’19                            TBD
                                                         Dermatitis

                                                           AD and
                          MC2-XX      Undisclosed                        Worldwide                                                    TBD
                                                          Psoriasis

                                                                                                                         Clinical
                                                                                         OTC & biocide development                  Launch
                                                                                                                          data

                                                          Uremic
                          MC2-02      Undisclosed                        Worldwide                                        Q319       H2’19
                                                          Pruritus

                                      Cosmetic /
                          MC2-21                        Dry skin/AD      Worldwide                                        Q319       H2’19
      Non-                           Medical Device

       Rx                 MC2-18
                                      Cosmetic /          Contact
                                                                         Worldwide                                        Q319       H2’19
                                     Medical Device      Dermatitis

                                                          Sanitizer
                          MC2-10         Biocide                         Worldwide                                        Q319       H2’19
                                                        sensitive skin

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PAD™ Technology provides an excellent branding opportunity – new class of vehicle

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Opportunity to build leadership in innovative topical therapies
                  for chronic inflammatory diseases

                  - a four step approach

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Building leadership in innovative topicals for major chronic inflammatory diseases

                                                                                                     2023 and forward

                                                                    i n topicals
                                                        l eadership                                 Optional PAD™ product portfolio
                                                     ng
                                              Buildi                                                 •   MC2-01 PAD™ (Psoriasis)
                                                                                                     •   MC2-02 PAD™ (Uremic Pruritus)
                          2018
                                                                                                     •   MC2-10 PAD™ (Sanitizer)
                                                                                                     •   MC2-18 PAD™ (Contact derm)
         Current MC2 position                      Four step approach                                •   MC2-21 PAD™ (Dry skin)

                                      1. Access and motivate high quality sales teams                •   MC2-11 PAD™ (Atopic Dermatitis)
     • Ambition to set a new                                                                         •   MC2-23 PAD™ (Atopic Dermatitis)
       standard in topicals for       • 2019: 4 x non-Rx (UP, dry skin, contact derm., sanitizer)
                                      • 2020: MC2-01 PAD™ (Psoriasis)                                •   MC2-03 PAD™ (Dry eye)
       chronic inflammation                                                                          •   PAD™ Y? (Pso, AD, Alop., Rosacea etc.)
                                                                                                     •   PAD™ X? (Indication x)
     • Late clinical stage pipeline   2. PAD™ Tech Brand awareness                                   •   PAD™ Combo Z+Y? (Indication z)
                                      • The “New Pearl in Dermatology”
     • PAD™ Tech and Know-how         • Interaction with dermatologists through non-Rx
       – a new standard               • Excellent for SoMe campaigns                                 • Leadership in innovative topicals for
                                                                                                       chronic inflammatory conditions
     • Fast to lead PAD™              3. Develop and expand pipeline including NCE’s
       formulations and IND           • Access innovative new molecular entities (I&I)               • Evidence that PAD™ topicals provide
                                      • Partnerships on NCE’s                                          strong cost/benefit value proposition
     • Proven topical drug                                                                             to patients, physicians and payers
       development competences        4. Collaborate with leading stakeholders globally
       > 1,500 patients in clinical
       trials

© mc2 therapeutics ÷ 21
PADTM Technology: Uniquely releasing the full potential of actives in the most elegant way

       PAD™ Tech offers                                                                                          Attractive clinical profile will facilitate
       uniquely expanded formulation space:                                                                      strong market access
         v Penetration
         v Stability
         v Tolerability
         v Elegance and feel
         v New patents

                                                          7.0

                                                          6.0

                                                          5.0
                                      CLINICAL ENDPOINT

                                                          4.0

                                                          3.0

       Active ingredients (API’s)                         2.0                                                                                          PAD™ Tech based products
                                                          1.0

                                                          0.0
                                                                                                                                                   a sustainable commercial success
                                                                Baseline   Week 1     Week 2   Week 3   Week 4

                                                                                    TIME

                                                          PAD™ Tech releases full clinical
                                                          potential and patient satisfaction
         v NCE
         v 505(b)(2)
                                                          => strongest real-life performance
         v Medical Device / OTC

© mc2 therapeutics ÷ 22
Company highlights – new standard of innovative topicals that patients want to use

                     Ambition    Introduce a new standard of topical therapies for chronic inflammatory conditions

                    Late stage
                                 MC2-01 (psoriasis): NDA in H1’19 + ongoing EU Ph3       MC2-03 (dry eye): Ph2 completed
                     pipeline

                 Unique brand
                                 4 X PAD™ healthcare products (non-Rx) planned for launch in 2019
                  opportunity

                  Competitive
                                 PAD™ Technology + Patents + substantial Know-how + strong PAD™ brand
                  advantage

                     Pipeline
                                 Fast PAD™ formulation of lead candidates based on NCE’s, 505(b)(2) and OTC
                    generator

© mc2 therapeutics ÷ 23
Release your full
            potential

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