NANS 2021 Investor Briefing - January 15, 2021
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Agenda • Welcome and Introductions Julie Dewey • Company Overview and Recent Business Updates D. Keith Grossman • Clinical Research Results David Caraway, MD, PhD • Question and Answer Session D. Keith Grossman, Dr. David Caraway, Rod MacLeod 2
Forward-looking Statements In addition to historical information, this presentation contains forward-looking statements with respect to our business, capital resources, strategic initiatives and growth reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including regarding continuing adoption of, and interest in, our therapy and products in the U.S. and international markets; our beliefs regarding market size of the traditional back and leg pain, PDN and NSRBP markets and future growth of these markets and share for our therapy and products; our beliefs regarding the advantages of our products and HF10 therapy, including additional opportunities around our clinical efforts and potential indication expansion; our belief that we are uniquely positioned, with multiple growth drivers; our expectations around approval of our PDN indication and ability to begin commercializing in the second half of 2021; our belief that there is significant pent-up SCS demand from the COVID-19 pandemic as we head into 2021; our belief that we are under-indexed from a market share perspective; and our expectations regarding our commercialization efforts. These forward-looking statements are based upon information that is currently available to us or our current expectations, speak only as of the date hereof, and are subject to numerous risks and uncertainties, including our ability to continue to successfully commercialize our products; our ability to manufacture our products to meet demand; the level and availability of third-party payor reimbursement for our products; our ability to effectively manage our anticipated growth; our ability to protect our intellectual property rights and proprietary technologies; our ability to operate our business without infringing the intellectual property rights and proprietary technology of third parties; competition in our industry; additional capital and credit availability; our ability to attract and retain qualified personnel; and product liability claims. These factors, together with those that are described in greater detail in our Annual Report on Form 10-K filed on February 25, 2020 and our Quarterly Report on Form 10-Q filed on November 5, 2020, as well as any reports that we may file with the Securities and Exchange Commission in the future, may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. We expressly disclaim any obligation, except as required by law, or undertaking to update or revise any such forward-looking statements. 3
Large, Underpenetrated Lower Back/Leg Market 2019 Global SCS Market Total Addressable U.S. Lower Back/Leg Market² $2.5B Annually¹ $12.9B Annually, ~10% Penetrated $0.5B U.S $7.5B 300K Patients/Yr ~4% Penetrated Int'l 58% (FBSS) $2.0B ($ in billions) $5.4B (NSRBP) . 215K Patients/Yr ~19% Penetrated 42% FBSS: Failed Back Surgery Syndrome NSRBP: Non-Surgical Refractory Back Pain 1Includes DeNovo and Replacement 2Includes DeNovo patients only Sources: Guidepoint Qsight U.S. Pain Modulation Market, as of Sources: US Census Bureau; CLBP Market Research; CMS OP Hospital SAF Data 2012 – 2018; November 2020; Company data https://www.neuromodulation.com/failed-back-surgery-syndrome-definition; Company data. 5
NSRBP: Clinical Data $7.5B Total Expected to Drive Addressable Market Market Penetration $300M NSRBP is already on-label Current for Omnia Market Development of clinical data supports continued market penetration: Only 4% penetrated Expanded payer coverage Increased patient referrals for therapy First data release at NANS 2021 6
PDN: Large Patient Population with Significant Unmet Need PREVALENCE INCIDENCE Diagnosed PWD 20% with PDN 45% Refractory to CMM Annual TAM ~$3.5-5.0 Billion 26.8 MM PATIENTS 5.3 MM PATIENTS 2.3 MM PATIENTS 140-200K PATIENTS Current Treatment Options Demonstrate Mild Efficacy and Low Adherence PWD = Patients with Diabetes PDN = Painful Diabetic Neuropathy CMM = Conventional Medical Management TAM = Total Addressable Market Sources: CDC National Diabetes Statistics Report 2020; Schmader KE. Epidemiology and impact on quality of life of postherpetic neuralgia and painful diabetic neuropathy. Clin J Pain. 2002;18(6):350-354; Trinity Partners Market Research 2017 7
The Power of a PDN Indication PDN Market Opportunity Increase volume of PDN referrals $47 Billion 2M Patients 1% = Enable on-label treatment with HF10® therapy ~$500M Strengthen HF10 therapy with Level 1 scientific data Facilitate payer approvals If approved, Nevro would be the ONLY company with on-label access 8
NANS 2021: Significant Clinical Presence 20 Abstracts Accepted for Presentation Two late-breaking presentations in Plenary Session 1: PDN RCT NSRBP RCT Friday, Jan 15 Friday, Jan 15 4:53-5:05 pm CST 4:17-4:29 pm CST Presenter: Dr. Erika Petersen Presenter: Dr. Leo Kapural 18 audio-guided, e-Poster presentations Highlights Comprehensive 6-month data and subset of 12-month data for SENZA-PDN RCT First look at NSRBP RCT Study data (3-month results) ULN Studies demonstrate pain and opioid reduction RESCUE STUDY results highlight real-world capability for HF10 to help patients failing traditional SCS FREQUENCY PAIRING REAL WORLD STUDY - HF10 paired with other waveforms improves pain relief and function for subset of patients 10
Erika Petersen, MD, FAANS, FACS Professor of Neurosurgery Director of Functional & Restorative Neurosurgery and Neuromodulation University of Arkansas for Medical Sciences Little Rock, AR 11
Prevalence and Cost of Painful Diabetic Neuropathy (PDN) Diabetes is a PDN is common National Epidemic • Present in 20% to 26% of those with diabetes 34.2 million people with diabetes = 10.5% of the population Another 88 million people with prediabetes (more than 1 in 3 adults) Annual cost: $327 billion 34+ 7 Million Million Patients with PDN Direct medical costs = $237 billion Patients with Diabetes Indirect costs = $90 billion CDC National Diabetes Statistics Report 2020 Davies et al. Diabetes Care 2006 Schmader Clin J Pain 2002 12
Pharmacotherapy for PDN Number-needed- Number-needed- to-treat to-harm First-Line Agents: Pregabalin 7.7 13.9 Gabapentin 6.3 25.6 Duloxetine 4.2 NR Second-Line Agents: Other anticonvulsants (carbamazepine, etc) NR NR Other SNRIs (venlafaxine) 4.5 NR TCAs 3.6 13.4 Other Agents: Oral opioids 4.3 11.7 IV analgesics (lidocaine, ketamine) NR NR Staudt et al. J Diab Sci & Tech 2020 Finnerup et al. Lancet Neurol 2015 13
Low-frequency SCS for PDN • Two prior RCTs demonstrated 50%-69% pain responders to LF-SCS at 6 months 7.3 • Prospective, multicenter RCT comparing LF-SCS+CMM to CMM alone 3.1 • 60 subjects randomized 2:1, 6-month follow-up - 36 LF-SCS subjects at 6 months - 69% pain responders (25/36) - No report of neurological improvements de Vos et al. Pain 2014 NRS scores for Pain 7.3 Daytime • Prospective, two-center RCT comparing LF-SCS+CMM to CMM alone • 36 subjects randomized 3:2, 24-month follow-up 4.1 - 16 LF-SCS subjects at 6 months 3.3 - 56% pain responders daytime (9/16) - 50% pain responders nighttime (8/16) - No report of neurological improvements Slangen et al. Diabetes Care 2014 van Beek et al. Diabetes Care 2015 14
Low-frequency SCS for PDN • Long-term data show attrition for LF-SCS with 36%-42% pain responders at 12 months • Long-term data from two prospective cohorts with LF-SCS+CMM • 40 subjects implanted, median 60-month follow-up • Complications: • At 12 months: - Deep infections: 2 (5%) - 42% pain responders daytime (15/36) - Uncomfortable stimulation: 9 (23%) - 36% pain responders nighttime (13/36) - Battery replacements: 18 in 13 subjects (33%) van Beek et al. Diabetes Care 2018 15
Methods: SENZA-PDN • Subjects with PDN of the lower limbs, refractory to conservative treatments T8 • ≥5 of 10 cm on pain VAS, HbA1c < 10%, BMI < 45 • Independent Medical Monitors reviewed all subjects • 18 US centers, 216 subjects randomized 1:1 Conventional medical management (CMM) alone vs. CMM + 10 kHz SCS (Nevro Corp.) • 6-month follow-up assessing - Pain - Quality of life - Neurological function: including diabetic foot exam w/ Semmes-Weinstein 10g monofilament and 40g pinprick tests • Option to crossover to alternate treatment arm at 6 months • Responder defined as ≥50% pain relief • Analyses performed in PP population, reported as means ± 95% CI • Study designed and conducted in accordance with CONSORT/SPIRIT guidelines • Registered on ClinicalTrials.gov - NCT03228420 Mekhail et al. Trials 2020 16
Assessed for eligibility Subject Disposition n=430 Did not meet I/E (n=146) Declined to participate (n=65) End of enrollment, not randomized (n=3) Conventional Medical Intention-to-treat 103 113 Randomized n=216 Withdrew consent (n=5) 10 kHz SCS Management (ITT) population Secondary to AE (n=3) + CMM (CMM) Lost to follow-up (n=1) Trial n=104 Trial failures (n=6) IPG declined (n=4) Lost to follow-up (n=1) Lost to follow-up (n=3) Secondary to AE (n=1) Secondary to AE (n=1) Implant n=90 1 Month 1 Month n=90 n=90 (11 missed visits) Lost to follow-up (n=2) Secondary to AE (n=1) Secondary to AE (n=1) 3 Month 3 Month Per-protocol (PP) population n=96 n=88 (2 missed visits) (1 missed visit) Withdrew consent (n=2) Secondary to AE (n=1) Lost to follow-up (n=1) 6 Month 6 Month Hierarchical analysis of n=93 n=87 secondary endpoints (n=2 included in safety pop) (n=1 included in safety pop) Subjects missing primary endpoint visit excluded from PP analyses but included in safety population 17
Baseline Characteristics CMM 10 kHz SCS + CMM Standardized n = 103 n = 113 Difference Age in years, mean (SD) 60.8 (9.9) 60.7 (11.4) 0.01 Male, n (%) 66 (64%) 70 (62%) 0.04 Race White, n (%) 85 (82.5%) 87 (77.0%) 0.14 Black or African American, n (%) 13 (12.6%) 18 (15.9%) Native Hawaiian or other Pacific Islander, n (%) 1 (1.0%) 3 (2.7%) American Indian or Alaska Native, n (%) 0 (0.0%) 2 (1.8%) Asian, n (%) 1 (1.0%) 1 (0.9%) Other, n (%) 3 (2.9%) 2 (1.8%) Diabetes Type 1, n (%) 3 (3%) 8 (7%) 0.19 Type 2, n (%) 100 (97%) 105 (93%) Duration in years Diabetes, mean (SD) 12.2 (8.5) 12.9 (8.5) 0.09 Peripheral neuropathy, mean (SD) 7.1 (5.1) 7.4 (5.7) 0.06 Lower limb pain VAS in cm, mean (SD) 7.1 (1.6) 7.5 (1.6) 0.22 < 7.5 cm, n (%) 57 (55%) 54 (48%) 0.15 ≥ 7.5 cm, n (%) 46 (45%) 59 (52%) HbA1c, mean (SD) 7.4% (1.2%) 7.3% (1.1%) 0.11 Effect size index (Cohen’s d): < 7.0%, n (%) 40 (39%) 46 (41%) 0.04 ≥ 0.20 = small ≥ 7.0%, n (%) 63 (61%) 67 (59%) ≥ 0.50 = medium BMI, mean (SD) 33.9 (5.2) 33.6 (5.4) 0.06 ≥ 0.80 = large 18
Primary Endpoint Analysis at 3 Months • Composite endpoint: subjects with ≥ 50% p < 0.001 pain relief and no worsening of baseline neurological deficits • Assessed in PP population • Analysis of ITT population also demonstrated significant difference between groups (p < 0.001) • 10 kHz SCS safe and effective for PDN CMM 10 kHz SCS + CMM (n = 94) (n = 87) 19
Pain Relief over 6 Months CMM (n = 93) 10 kHz SCS + CMM (n = 87) Baseline 3 Months 6 Months 20
Individual Pain Relief at 6 Months 5% responders 85% responders (n = 5/93) (n = 74/87, p < 0.001) 1% remitters 60% remitters (p < 0.001) -2% Individual Subjects average pain relief 76% average pain relief % % % % % % % % % Change from baseline pain VAS Change from baseline pain VAS CMM 10 kHz SCS + CMM Remission defined as pain VAS ≤ 3.0 cm for 6 consecutive months 21
Investigator Assessed Neurological Improvement Did the investigator note improvement at 6 months compared to baseline in motor, sensory, or reflex function, Neurological examination: without deterioration in any category? • Lower limb motor strength • Light touch sensation L1-S1 p < 0.001 • Reflexes: patellar, Achilles, Babinski • 10-point foot assessment • pinprick • 10-g monofilament CMM 10 kHz SCS + CMM (n = 92) (n = 84) 22
Patient Reported Reduction in Dysesthesias with 10 kHz SCS Baseline 6 Months Baseline 6 Months Front Back Front Back Front Back Front Back Proportion of subjects Proportion of subjects 80% 80% 60% 60% Numbness Tingling 40% 40% (n = 31) (n = 20) 20% 20% 0% 0% 80% Proportion of subjects Proportion of subjects 80% 60% 60% Burning Cold 40% 40% (n = 15) (n = 16) 20% 20% 0% 0% 23
Study-Related Adverse Events CMM 10 kHz SCS + CMM n = 103 n = 113 Total study-related AEs, n (# of subjects, %) None reported 18 (14, 12.4%) Rated as Serious AEs - 2 (2, 1.8%) Study-related AEs by type Reported SCS infection rates: Infection - 3 (3, 2.7%) • 2.45% (Hoelzer et al. 2017) Wound dehiscence - 2 (2, 1.8%) • 2.5% (PDN RCT, de Vos et al. 2014) Incision or IPG discomfort - 2 (2, 1.8%) • 3.4% (Kumar et al. 2006) Irritation from surgical dressings - 2 (2, 1.8%) • 4.5% (Mekhail et al. 2011) Impaired healing - 1 (1, 0.9%) • 4.5% (PDN RCT, Slangen et al. 2014) Device extrusion - 1 (1, 0.9%) • 8.9% (Diabetes cohort, Mekhail et al. 2011) Lead migration - 1 (1, 0.9%) Radiculopathy - 1 (1, 0.9%) Uncomfortable stimulation - 1 (1, 0.9%) Gastroesophageal reflux - 1 (1, 0.9%) Myalgia - 1 (1, 0.9%) Arthralgia - 1 (1, 0.9%) Hyporeflexia - 1 (1, 0.9%) • Of 90 permanent implants, 2 devices explanted d/t infection (2.2%) 24
Quality of Life Improvements at 6 Months Always Sleep VAS (cm) Never Baseline 3 Months 6 Months CMM 10 kHz SCS + CMM (n = 93) (n = 87) 25
Preliminary Health Economic Trends Health-related QoL improvement Average EQ-5D-5L Index CMM (n = 92) 10 kHz SCS + CMM (n = 87) p < 0.001 Baseline 3 Months 6 Months Opioid reduction • Decreased or eliminated: 23% of 10 kHz SCS subjects vs 8% of CMM subjects • Increased: 2% of 10 kHz SCS subjects vs 11% of CMM subjects Reduced hospital & ED visits • Over 6 months, there were 7 fewer visits per 100 patients in the 10 kHz SCS group • 1.35 visits/CMM subject vs 1.27 visits/10 kHz SCS subject, difference = 0.07 visits/subject 26
Pain Relief Beyond 6 Months Criteria for crossover at 6 months: 10 kHz SCS + CMM • < 50% pain relief CMM • dissatisfied with treatment Met criteria to 88% 0% • Investigator agrees that it is crossover (82/93) (0/87) medically appropriate Met criteria and 82% 0% p < 0.001 elected to crossover (76/93) (0/87) Study status: • All crossover implants were completed late 2020 • All subjects originally randomized to 10 kHz SCS have completed 12-month follow-up 27
Pain Relief Beyond 6 Months Average Pain Average Scores Pain & Scores Responder Rates Proportion of responders Lower limb pain VAS (cm) CMM (n = 93) 10 kHz SCS + CMM (n = 87) Baseline 1 Month 3 Months 6 Months 9 Months 12 Months (n = 87) (n = 87) (n = 87) (n = 87) (n = 82) (n = 84) 28
Conclusions SENZA-PDN Investigators • Study primary endpoint met - A large proportion of subjects benefited from 10 kHz SCS Kas Amirdelfan Matthew Bennett Rick Bundschu Paul Chang Heejung Choi Michael Creamer • Met 7 of 8 prespecified secondary endpoints showing clear differences from the best available medical treatments David DiBenedetto Vincent Galan Gennady Gekht Johnathan Goree Maged Guirguis Nathan Harrison • 10 kHz SCS is a safe and effective treatment for PDN patients with symptoms refractory to CMM Ali Nairizi Denis Patterson Christopher Paul Dawood Sayed • Sensory improvements observed in many patients with Nandan Lad Neel Mehta 10 kHz SCS • Durability of 10 kHz SCS shown over 12 months Jim Scowcroft Khalid Sethi Shawn Sills Thomas Stauss Kostandinos Tsoulfas Judith White • Study follow-up will continue for 24 months total with further evaluation of health economics Paul Wu Jijun Xu Cong Yu 29
Spinal Cord Stimulation at 10kHz for Non-Surgical Refractory Back Pain: Multicenter RCT Primary Endpoint Results Leonardo Kapural, MD, PhD Medical Director, Carolinas Pain Institute 30
Presenting on behalf of the NSRBP investigators: • Jessica Jameson, MD, Axis Spine Center, Coeur d’Alene, ID • Naresh Patel, MD, Mayo Clinic, Phoenix, AZ • Curtis Johnson, MD, James Scowcroft, MD, Midwest Pain Management Center, Overland Park, KS • Aaron Calodney, MD, Texas Spine and Joint Hospital, Tyler, TX • Srinivas Nalamachu, MD, Daniel Kloster, MD, Mid-America Polyclinic, Overland Park, KS • Peter Kosek, MD, Oregon Neurosurgery Specialists, Springfield, OR • Julie Pilitsis, MD, PhD, Albany Medical Center, Albany, NY • Markus Bendel, MD, Mayo-Clinic, Rochester, MN • Erika Petersen, MD, University of Arkansas for Medical Sciences, Little Rock, AR • Shivanand P. Lad, MD, PhD, Duke University Medical Center, Durham, NC • Chengyuan Wu, MD, MSBmE, Thomas Jefferson University Hospitals, Philadelphia, PA • Taissa Cherry, MD, Kaiser-Permanente, Redwood City, CA • Cong Yu, MD, Swedish Health Services, Seattle, WA • Dawood Sayed, MD, University of Kansas Hospital, Kansas City, KS ,, MD7, David Caraway, MD, PhD10 31
Introduction Chronic Back What is Non-Surgical Refractory Back Pain (NSRBP)? Pain and Surgery -Naive Study Objective: Refractory to • Few treatment options exist for NSRBP patients Conventional Medical • Need to produce level 1 evidence* comparing Management 10 kHz SCS to Conventional Medical Management (CMM) for treatment of NSRBP in Not a good terms of clinical and cost-effectiveness candidate for * Current evidence is limited: Surgery 1. Al-Kaisy A, et al. Long-Term Improvements in Chronic Axial Low Back Pain Patients Without Previous Spinal Surgery: A Cohort Analysis of 10-kHz High-Frequency Spinal Cord Stimulation over 36 Months. Pain Med. 2018;19(6):1219-1226. 2. Al-Kaisy A. et al. 10 kHz spinal cord stimulation for the treatment of non-surgical refractory back pain: subanalysis of pooled data from two prospective studies. Anaesthesia. 2020;75(6):775-784. NSRBP 3. Ahmadi SA et. al. High-Frequency Spinal Cord Stimulation in Surgery-Naive Patients-A Prospective Single- Center Study. Neuromodulation. 2017;20(4):348-353. Population 32
Study Design • Randomization 1:1 to • 10kHz SCS + CMM • CMM Alone • N = 216 • Main Inclusion • Not a candidate for back surgery based on spine surgeon assessment • No previous back surgery • Back pain > 5 cm on VAS • Predominantly neuropathic pain • Primary Endpoint – 3 Months • Comparison of Responder Rate (≥ 50% Pain Relief) • Secondary Endpoints – 6 Months • disability, pain relief, global impression of change, quality of life, opioid use • All Endpoints assessed at 12 and 24 months Study Design published: Pain Practice August 16, 2020 https://doi.org/10.1111/papr.12945 33
Conventional Medical Management (CMM) Study Guidelines Examples • The choice of appropriate medical • Oral medications (analgesics, nonsteroidal anti- management will be made by the inflammatory drugs, anticonvulsants, Investigator -best standard of care for antidepressants, counter-irritants) each individual patient. • CPPM (combined physical and psychological management) • Appropriate interventional procedures • Physical therapy should have been tried prior to • Back rehabilitation program enrollment in the study, and ongoing beneficial treatments may be • Spinal manipulation and spinal mobilization continued. • Traction • Protocol specifies invasive • Acupuncture interventional procedures (e.g. facet • Cognitive behavioral therapy (CBT) blocks, nerve blocks, and RFA) should • Biofeedback not be performed within 4 weeks • Nerve blocks leading up to a follow-up visit so • Epidural steroid injections patient in stable state • Transcutaneous electrical nerve stimulation (TENS) 34
Results: Subject Disposition Enrolled N = 211 Screen Fail N = 52 (24.6%) Pre-specified interim analysis showed study Randomized had the power to meet its primary endpoint, N = 159 so enrollment was stopped early CMM HF10 + CMM N =76 N =83 Withdrawals Withdrawn N = 1 (1.3%) N=3 (3.6 %) Trial Trial Failures N=80 N=6 (7.5 %) Withdrawn Implant N= 6 (7.2 %) N =68 CMM HF10 + CMM 3 M Primary Endpoint N =75 N =68 35
Results: Demographics CMM 10kHz-SCS+CMM (n = 76) 95%CI (n = 83) 95%CI Age, median (range), year 58.5 (26 - 77) (53.5 - 58.9) 53.0 (29 - 87) (51.8 - 57.1) Female (%) 40 (52.6%) (40.8 - 64.2) 49 (59.0%) (48.9 - 70.8) BMI, median (range) kg/m2 30.5 (18.7 - 49.8) (29.3 - 32.2) 31.4 (19.2 - 49.8) (30.4 - 33.3) Years since diagnosis median (range) 8.1 (1.1 - 59.3) (8.7 - 14.1) 8.5 (0.4 - 51.7) (9.25 - 13.6) Back Pain VAS, median (range) 7.2 (4.5 - 9.9) (7.0 - 7.5) 7.6 (4.0 - 10.0) (7.1 - 7.7) Leg Pain VAS, median (range) 4.6 (0.0 - 8.5) ((3.2 - 5.1) 4.9 ( 0.0 - 8.7) (3.9 - 5.6) Pain Etiology n (%) n (%) degenerative disk disease 52 (68.4%) (56.7 - 78.6) 60 (72.3%) (61.4 - 81.6) spondylosis 49 (64.4%) (52.7 - 75.1) 47 (56.6%) (45.3 - 67.5) radiculopathy 35 (46.1%) (34.5 - 57.9) 34 (41.0%) (30.3 - 52.3) mild / moderate spinal stenosis 24 (31.6%) (21.4 - 43.3) 23 (27.7%) (18.4 - 38.6) spondylolisthesis (Grade I) 9 (11.8%) (5.6 - 21.3) 7 (8.4%) (3.5 - 16.6) internal disc disruption / annular tear 6 (7.9%) (3.0 - 16.4) 8 (9.6%) (4.2 - 18.1) sacroiliac dysfunction 5 (6.6%) (2.2 - 14.7) 3 (3.6%) (0.7 - 10.2) Other chronic back pain without sciatica 3 (3.9%) (0.8 - 11.1) 2 (2.4%) (0.3 - 8.4) 36
Results: Primary Endpoint at 3 Months • Primary Endpoint met with a superior 100% responder rate for the 10kHz SCS+CMM 80.9% Responder Rate (±95%CI) p < 0.001 arm over CMM in Intent-to-Treat analysis 80% (p < 0.001) 60% • Per-Protocol analysis is shown comparing 40% responders (≥ 50% pain relief) between groups 20% 1.3% 0% 10 kHz SCS + CMM CMM (n = 68) (n = 75) 37
Results: Pain Relief from Baseline 3 Months 10KHz-SCS + CMM10 CMM % Pain Relief % Pain Relief -60% -40% -20% 0% 20% 40% 8 60% 80% 100% -60% -40% -20% 0% 20% 40% 60% 80% 100% * p < 0.001 6 VAS (CM) 4 7.5 7.2 7.2 2 1.9 0 10kHz-SCS+CMM 10kHz-SCS+CMM 51.5% at ≥ 80% PR CMM Baseline 3 Month 80.9% at ≥ 50% PR Responder Non-Responder Responder Non-Responder (n=68) (n=74) 38
Results: Safety All study related AE in first 3 months were in 10kHz-SCS+CMM arm • Events and rates were typical including: 3 pocket pain (4%), 2 slow wound healing (3%), 2 infection (3%), and 2 lead migration (3%) 2 study related SAE, both procedure related, were resolved • Severe lethargy due to post-implant medication • Osteomyelitis of lumbar spine 39
Results: Change in Disability (Oswestry Disability Index) 100 MCID* = 10 pts 80 24 pt ↓ 2.1 pt ↑ ODI Total Score *p< 0.001 60 Severe Disability >2/3 improved by 40 Moderate one or more 46.8 Disability 47.4 49.5 20 disability categories Minimum 22.4 Disability 0 10kHz-SCS+CMM 10kHz-SCS+CMM CMM CMM Baseline 3 Month *Minimum Clinically Important Difference 40
Results: Patient Global Impression of Change A great deal better 35.3% 0.0% 88.2% Better 1.3% 33.8% Moderately better 19.1% 0.0% Somewhat better 4.4% 2.6% A little better 1.5% 7.9% Almost the same 2.9% 27.6% No Change 2.9% 59.2% 0% 20% 40% 60% 80% Population Reporting (%) 10kHz-SCS+CMM CMM (n=68) (n=75) 41
Discussion • Primary endpoint achieved in largest study in this population • Results achieved with 10kHz SCS in this NSRBP population is 1 equivalent to RCT in predominant failed back surgery syndrome 2 • Safety profile as expected in this post-market population • Reduction in disability reflected significant change in ability to perform daily activities which was also reflected in patient’s impression of change 1. Kapural L, Yu C, Doust MW, et al. Novel 10-kHz High-frequency Therapy (HF10 Therapy) Is Superior to Traditional Low-frequency Spinal Cord Stimulation for the Treatment of Chronic Back and Leg Pain: The SENZA-RCT Randomized Controlled Trial. Anesthesiology. 2015;123(4):851-860. 2. Mekhail NA, Mathews M, Nageeb F, Guirguis M, Mekhail MN, Cheng J. Retrospective review of 707 cases of spinal cord stimulation: indications and complications. Pain Pract. 2011;11(2):148-153. 42
RESCUE Study¹ Background: • Retrospective multi-center study of 120 patients who had failed traditional SCS • 105 evaluable subjects replaced with Senza IPG or full system delivering HF10. 96 subjects had 16 contact leads. • Minimum 12-month follow-up, 2-year median Results: • 81% of patients (85/105) patients improved with 50% or more long term pain relief with HF10 • 90% of patients achieved at least 30% pain relief with HF10 • Baseline average VAS of 8.4 decreased to 3.36 at most recent visit (24 months median; range 1-4 years) • Baseline opioid daily dose of 60.3 mg reduced to 44 mg at n=105 12 months 1. Kapural et al, Journal of Pain Research 2020:13 2861–2867 43
RESCUE Study Key Findings: • HF10 is an effective therapeutic option to "rescue" failed traditional SCS patients and can provide these patients long term relief from chronic pain. • The large difference in sustained effect size with HF10 treatment after failed conventional SCS further supports that HF10 operates with a frequency dependent mechanism of action. • The RESCUE study further reinforces the importance of access to 10kHz SCS combined with versatility of multiple waveforms to achieve best possible outcomes. 44
EARLY CLINICAL EXPERIENCE WAVEFORM PAIRING n=230 patients Waveform Pairing may improve outcomes in select difficult patient Ave duration of IPG 755.1 ± 29.3 days (mean ± SEM) (approx. 2.1 years) populations Follow-Up 239 ± 13.1 days (mean ± SEM) • Back = Leg – 46.5% Indication breakdown • Predominant Back – 27.4% Frequency Pairing Burst10K • Other – 17.3% • Predominant Leg – 8.8% • Across 17 clinics in Australia, patients (n=230) were provided waveform • Frequency Pairing – 203/230* Waveform Pairing • Burst10K – 39/230* pairing programming (Frequency *Some patients were offered more than one pairing option Pairing or Burst10k) to optimize their treatment Russo, M et al. Improved Versatility and Frequency Pairing Capabilities with 10 kHz Spinal Cord Stimulation for the Treatment of Chronic Pain. E-Poster presented at the North American Neuromodulation Society Meeting 2021 Orlando, FL. 45
EARLY CLINICAL EXPERIENCE MCID PAIN RELIEF Proportion of patients reporting a minimum clinical important difference3 in pain relief prior to undergoing these alternate programming options was reported to be 52.1%. This notably improved to 74.6% at an average follow-up of 239 ± 13.1 days. 3. Dworkin et al. J Pain. 2008;9:105–121 46
EARLY CLINICAL EXPERIENCE RESPONDER RATE Responder rate (≥50% pain relief) improved from 34.8% prior to additional programming to 57.5% at last follow-up. 47
EARLY CLINICAL EXPERIENCE IMPROVED QUALITY OF LIFE At last follow-up: • 63% of patient reported improved function • For those using analgesics at baseline, 86% reported stable or decreased medications • 34% reduced their intake 48
Conclusion Promising results using waveform pairing of LF or Burst with 10,000 Hz in difficult to treat patients Clinically meaningful improvements at last follow-up (average. 239 ± 13.1 days) - MCID in pain relief improved from 52.1% to 74.6% - Responder rates improved from 34.8% to 57.5% - Improved function in 62.7% of patients - Reduction in pain medications in 33.5% of patients Here we demonstrate that increased versatility and paired waveforms may help improve therapeutic outcomes in difficult populations 49
Closing Comments D. Keith Grossman 50
Question and Answer Session D. Keith Grossman – Chairman, CEO & President David Caraway, MD, PhD – Chief Medical Officer Rod MacLeod – Chief Financial Officer 51
Thank You 52
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