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
Pioneering Next-Gen
Precision Medicine
Approaches in ALS and
Other Neurodegenerative
Diseases
December 2021
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
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 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
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
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
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
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
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
QurAlis’ Comprehensive Approach to Tackling ALS
                                                    Kevin    Chris

                 Kevin        Clifford     Sandy                      Angela   Merit   Leonard

             Michelle        Hagen       Sudhir                       Manuel    Dan

                                                   Matthew    Brian
CONFIDENTIAL & PROPRIETARY                                                                       5
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
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
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
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
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
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
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
Supported and Recognized by Investors, Pharma and Industry
INVESTORS

                                   Sanford Biosciences
AWARDS
PARTNER

                             Raised $47M Series A
CONFIDENTIAL & PROPRIETARY                                      9
Pioneering Next-Gen Precision Medicine Approaches in ALS and Other Neurodegenerative Diseases - December 2021
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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