Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
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Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases December 2021
Legal Disclaimer This presentation contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans, or other statements, other than statements of historical fact, are forward-looking statements and include words or phrases such as “believes,” “will,” “expects,” “anticipates,” “intends,” “estimates,” “our view,” “we see,” “would” and words and phrases of similar import. The forward looking statements in this presentation are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to have been correct. Actual results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of management. CONFIDENTIAL & PROPRIETARY 2
New insights into human genetics and stem cell technology provide genetically-validated targets for ALS and other neurodegenerative diseases Next-gen, precision medicine approaches using biomarkers for patient selection, target engagement and efficacy First-in-class and Best-in-class programs for ALS and other neurodegenerative diseases • 2 programs projected to be in the clinic in 2022 2 Proprietary platforms to enable additional therapies • Only company with comprehensive TDP-43 platform • Novel FlexASO platform for splice modulator targets World-class leadership in place for execution
Why QurAlis Can Succeed in ALS & Other Neurodegenerative Diseases ● Past companies applied ● QurAlis is applying precision oncology-like approaches in “one-drug fits all” approach neuroscience ● Lacked understanding of ● QurAlis’ unique understanding of disease and biomarkers lead to “disease-drivers” identification of sub-groups of patients for the right therapy Applying Precision Medicine Approaches Initially in ALS TBK1 SOD1 Understand C9orf72 Sporadic Genetic Drivers in 8% Sub-Forms of ALS Others 80% Kv7 TDP-43 8% GoF Design Precision Medicines & Biomarkers ALS Patients STMN2 Future Programs Deliver Precision Therapies to Patients CONFIDENTIAL & PROPRIETARY 4
QurAlis’ Comprehensive Approach to Tackling ALS Kevin Chris Kevin Clifford Sandy Angela Merit Leonard Michelle Hagen Sudhir Manuel Dan Matthew Brian CONFIDENTIAL & PROPRIETARY 5
QurAlis at a Glance Founded in 2016 Multi-Billion Dollar Commercial $47 Million • By internationally recognized team of Opportunity • Series A financing in 2020 neurodegenerative biologists in Success in ALS is predicted to create • Led by Polaris Partners, Mission BioCaptial, collaboration with Harvard/Eggan Lab analogous market opportunity as MS INKEF Capital, DDF and Droia Ventures 2 Proprietary Platforms* ALS: ~2 in 100,000 Patents • QR43TM: Proprietary TDP-43 platform • Most common form of motor neuron • Strong IP Positions • FlexASOTM: Proprietary Anti-Sense Oligo- disease • Multiple patent families filed nucleotide splice modulator platform FTD: ~3.5 in 100,000 • NCE market exclusivity Deep Pipeline of Antisense • 2nd most common form of dementia & Small Molecule Programs Award Winning • With diverse MOA 2 Programs projected to be in the • 2020 Fierce 15 Awardee • Centered on TDP-43 clinic in 2022 • NEVY 2020 Winner • Amgen and Pfizer Golden Ticket 2 Proprietary platforms* and unique biomarkers enable us to understand, identify and deliver next-generation precision medicines to patients with neurodegenerative diseases CONFIDENTIAL & PROPRIETARY 6
Pioneers with Unrelenting Commitment to Patients Kasper Roet, Ph.D. Dan Elbaum, Ph.D. Vikas Sharma, Ph.D. Angela Genge, Hagen Cramer, Sandy Hinckley, Talia Ben CEO CSO CBO MD FRCP Ph.D. Ph.D. Sasson-Gordis, CMO CPO Head of Biology MBA, LLB COS Harvard Medical Retrophin BioXcel Tx Montreal Wave Life Sanford Burnham Anti-Defamation School Neurological Hospital Sciences Prebys Medical League Pfizer, Amgen, MacroGenics Discovery Institute Harvard Stem Cell Vertex, Critical Montreal Avecia Attorney at law, Yigal Rexahn Institute Therapeutics, Neurological Institute Neurocore LLC Arnon & Co Girindus FoldRx, MedImmune Johnson & Johnson McGill University CIRM Law Clerk Supreme (Astrazeneca) Ra Pharmaceuticals Court of Israel Founder of Netfase CHOP, Bradley Pharma CONFIDENTIAL & PROPRIETARY 7
Exceptional Scientific and Clinical Advisory Board Members C A Ammar Al-Chalabi Jinsy Andrews Merit Cudkowicz Dame Pamela J. Shaw Philip Van Damme Leonard van den Berg B MB, ChB, Ph.D. M.D., MSc M.D., MSc DBE, MBBS, M.D., FRCP, FMedSci, FAAN, M.D., Ph.D. M.D., Ph.D. FANA, FAAS S A Clifford Woolf Kevin Eggan Matthew Kiernan Bernhardt Trout Brian Wainger Christopher Shaw Sudhir Agrawal Michelle Hastings B M.D., Ph.D. Ph.D. M.D., Ph.D. Ph.D. M.D., Ph.D. M.D., Ph.D. Ph.D. Ph.D. CONFIDENTIAL & PROPRIETARY 8
Supported and Recognized by Investors, Pharma and Industry INVESTORS Sanford Biosciences AWARDS PARTNER Raised $47M Series A CONFIDENTIAL & PROPRIETARY 9
Genetics of ALS Uncovers Major Disease Drivers Linked to TDP-43 STMN2 Only company with multiple programs against TDP-43 pathology affecting ~90% ALS, ~50% FTD, ~30% AD and ~7% PD CONFIDENTIAL & PROPRIETARY 10
QurAlis’ Advantage - Two Proprietary Platforms QR43 PlatformTM: Proprietary & Investigative TDP- FlexASOTM: Proprietary Anti-Sense Oligonucleotide 43 Platform Splice Modulator Platform Attributes Traditional ASO FlexASO Stem cell In vitro Size model neuronal Efficacy systems functional readouts Safety CMC Known for spinal Similar or better Distribution cord and frontal (experiments TDP-43 loss Clinical cortex ongoing) of function TDP-43 animal model biomarkers May overcome modality-specific, dose-limiting The only company with a toxicities observed with “traditional ASO” TDP-43 LoF animal model CONFIDENTIAL & PROPRIETARY 11
Pipeline Targeting Major Disease Drivers in Patients Program Population Modality MOA Indication Preclinical IND/FPI QRL-201 STMN2 ALS Excitatory QRL-101 (Kv7) ALS QRL-203 STMN2 FTD QRL-202 TDP-43 GoF ALS/FTD Splice QRL-204 Modulation Not Disclosed Additional indications and programs under consideration CONFIDENTIAL & PROPRIETARY 12
QRL-201 STMN2 Program
QRL-201 Program Overview Candidate ● First-in-Class ASO against STMN2 pathology Function/MoA ● Restoration of protein activity Patient Selection ● STMN2 biomarker (30-90% of ALS patients*) Indications ● Reduce ALS disease progression Development ● IND-enabling studies on-going & Status ● CTA/IND to be filed mid 2022 ● Precision medicine approach Commercial & ● Superior to standard-of-care (Rilutek** and Radicava***) Regulatory Adv ● Increases probability of success Rights ● QurAlis retains global rights *Majority of ALS and FTD patients and 30-50% of AD patients; **Rilutek: can cause liver damage; only ~30% of patients use Rilutek ***Radicava: 6 month regimen of intravenous treatment CONFIDENTIAL & PROPRIETARY 14
QRL-201 STMN2 Levels Are Consistently Decreased In Sporadic ALS Patients STMN2 levels are consistently decreased in Loss of TDP-43 from the nucleus (ALS sporadic ALS patients hallmark) leads to loss of STATHMIN-2 Eggan Lab Truncated STATHMIN-2 mRNA abundant TDP-43 loss causes loss of axon repair in sporadic ALS spinal cord and brain Rescue by restoring STATHMIN-2 levels Cleveland Lab CONFIDENTIAL & PROPRIETARY 15 Nat. Neurosci. Feb 2019
QRL-201 STMN2: A Genetic Target For The Sporadic ALS Population QurAlis Therapeutic Strategy In ALS motor neurons TDP-43 control of Loss of full Axonal degeneration TDP-43 leaves the nucleus cryptic exon splicing lost length STATHMIN-2 and impaired repair Rabin et al., 2009 QurAlis niche TDP-43 regulation Cryptic splicing-ASO Rescue of axonal of STATHMIN-2 approach to restore stability and repair STATHMIN-2 Nat. Neurosci. Feb 2019, Eggan ALS One 2020, Li et al., 2009, Morii et al., 2006, Shin et al., 2012, Shin et al., 2014, Xu et al., 2010, CONFIDENTIAL & PROPRIETARY 16
QRL-201 QRL-201 Protects Human Motor Neurons Against Neurodegeneration QRL-201 Protects Human TDP-43 Toxicity in Motor Neurons from Market Human Motor Neurons TDP-43 Toxicity Opportunity ● ~90% of ALS & ~50% FTD patients ● Genetic target for sporadic ALS and FTD with additional opportunities in AD and PD ● Patients are selected by biomarker ● Target engagement Neurons degenerate Neurons protected measured by biomarker CONFIDENTIAL & PROPRIETARY 17
QRL-101 Excitotoxicity Program
QRL-101 Program Overview Candidate ● Potential best-in-class Kv7 opener Function/MoA ● Reduction of hyperexcitability through K+ channels Patient Selection ● Excitability biomarker* (50% of ALS patients) Indications ● Reduce ALS disease progression Development ● IND-enabling studies ongoing & Status ● CTA/IND to be filed mid 2022 ● Wider therapeutic window Commercial & ● Superior to standard-of-care (Rilutek** and Radicava***) Regulatory Adv ● Potential to reduce disease progression Rights ● QurAlis retains global rights *Excitability biomarker: strength duration time constant **Rilutek: can cause liver damage; only ~30% of patients use Rilutek ***Radicava: 6 month regimen of intravenous treatment CONFIDENTIAL & PROPRIETARY 19
QRL-101 Kv7 is a Clinically Validated Target in ALS ● EFFICACY ● Retigabine trial in 65 patients showed Kv7 opener can lead to clinical benefits Significant dose dependent effects on biomarkers that predict patient survival Significant correlation between effect size on excitability biomarker and efficacy biomarker CMAP ADVERSE EVENT: 97% Participants in the retigabine trial reported at least one adverse event ● Fatigue, dizziness and somnolence were major adverse events ● Retigabine caused blue discoloration of eyes and skin ● Retigabine interacts with the GABAa receptor ● Lack of selectivity for many Kv7 family members A More Selective Kv7.2/7.3 Opener is Needed to Decrease AE Rates *Wainger BJ, Macklin EA, Vucic S, et al. Effect of Ezogabine on Cortical and Spinal Motor Neuron Excitability in Amyotrophic Lateral Sclerosis: A Randomized Clinical Trial. JAMA Neurol. 2021;78(2):186–196. doi:10.1001/jamaneurol.2020.4300 CONFIDENTIAL & PROPRIETARY 20
QRL-101 QRL-101 is More Potent and Selective than Previously Marketed Retigabine ● Retigabine has a problematic adverse event profile in the clinic due to lack of selectivity ● QRL-101 in preclinical studies has demonstrated lack of same liabilities as retigabine ● QRL-101 IND enabling studies ongoing Side Effects (AE Profile) Efficacy Fatigue/ Somnolence Dizziness Urinary Retention Pigmentation GABAa Compound REM/ Test Kv7.2/7.3 activity receptor activity/ Rotarod Bladder strip test specific non-REM sleep binding photo-reactivity Liability Liability Liability Retigabine EC50=1.2uM +++ (10mg/ kg) (10mg/ kg) (1uM) Liability QRL-101 EC50=0.06uM -- No Liability No Liability No Liability No Liability CONFIDENTIAL & PROPRIETARY 21
QRL-101 QRL-101: A Potent & Validated Therapeutic in Development for ALS Patients ● A first in class precision therapy to treat hyperexcitability- induced disease progression ● 50% of ALS Patients provides a large market opportunity ● Kv7.2/7.3 is a clinically validated target ● QRL-101: ▪ Highly potent and selective ▪ Favorable side effect profile ▪ Target engagement and patient selection biomarkers established ▪ IND-enabling studies ongoing; IND filing mid 2022 CONFIDENTIAL & PROPRIETARY 22
QurAlis Growth Strategy Beyond ALS Combinations New Indications/Targets ● Next generation ASOs FlexASO Platform ● Bio-superiors Additional ● FTD Indications ● AD ALS ● Sub-forms of the disease CONFIDENTIAL & PROPRIETARY 23
New insights into human genetics and stem cell technology provide genetically-validated targets for ALS and other neurodegenerative diseases Next-gen, precision medicine approaches using biomarkers for patient selection, target engagement and efficacy First-in-class and Best-in-class programs for ALS and other neurodegenerative diseases • 2 programs projected to be in the clinic in 2022 2 Proprietary platforms to enable additional therapies • Only company with comprehensive TDP-43 platform • Novel FlexASO platform for splice modulator targets World-class leadership in place for execution
For more information, contact: Kasper Roet Kasper.Roet@QurAlis.com
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