PULSAR Phase 2 Trial Topline Results Announcement - January 27, 2020
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PULSAR Phase 2 Trial Topline Results Announcement January 27, 2020 1 Sotatercept is an investigational therapy that is not approved for any use in any country.
Acceleron Forward-Looking Statements THIS PRESENTATION CONTAINS FORWARD-LOOKING STATEMENTS ABOUT THE COMPANY’S STRATEGY, FUTURE PLANS and prospects, including statements regarding the development and commercialization of sotatercept in pulmonary arterial hypertension (“PAH”) and of the Company's other compounds, the timeline for clinical development and regulatory approval of sotatercept in PAH and of the Company’s other compounds and the expected timing for reporting of data from ongoing clinical trials, and the potential of the Company’s compounds as therapeutic drugs. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “possible”, “potential,” “project,” “should,” “target,” “will,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE INCLUDED IN THE FORWARD-LOOKING STATEMENTS DUE TO VARIOUS factors, risks and uncertainties, including, but not limited to, that preclinical testing of the Company's compounds and data from clinical trials may not be predictive of the results or success of ongoing or later clinical trials, that the results of any clinical trials may not be predictive of the results or success of other clinical trials, that regulatory approval of the Company’s compounds in one indication or country may not be predictive of approval in another indication or country, that the development of the Company's compounds will take longer and/or cost more than planned, that the Company will be unable to successfully complete the clinical development of the Company’s compounds, that the Company may be delayed in initiating, enrolling or completing any clinical trials, and that the Company's compounds will not receive regulatory approval or become commercially successful products. These and other risks and uncertainties are identified under the heading "Risk Factors" included in the Company's most recent Annual Report on Form 10-K, and other filings that the Company has made and may make with the SEC in the future. THE FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESENTATION ARE BASED ON MANAGEMENT’S CURRENT VIEWS, plans, estimates, assumptions and projections with respect to future events, and the Company does not undertake and specifically disclaims any obligation to update any forward-looking statements. 2 This presentation is for investor relations purposes only – Not for product promotional purposes.
Habib Dable Chief Executive Officer This presentation is for investor relations purposes only – Not for product promotional purposes.
2017 R&D Day: A Strategy and Vision Presented in PAH SOTATERCEPT In conjunction with announcing the sotatercept collaboration amendment with Celgene, we presented: ▪ The high unmet medical need in PAH ▪ The scientific rationale for targeting proteins within the TGF-beta superfamily in PAH ▪ Initial preclinical results from our collaborators at the Brigham and Women’s Hospital ▪ Our belief in the potential to combine sotatercept with background PAH-specific therapies 4 This presentation is for investor relations purposes only – Not for product promotional purposes.
Significant Program Progress Made to Date ▪ Multiple preclinical presentations at major medical meetings ▪ PULSAR trial designed and initiated ▪ SPECTRA trial designed and initiated ▪ PULSAR trial patient enrollment completed ahead of plan ▪ Sotatercept granted FDA’s Orphan Drug Designation in PAH 5
Sotatercept Phase 2 Trials in Patients with Pulmonary Arterial Hypertension (PAH) Topline Results Announced Enrollment Ongoing 6 This presentation is for investor relations purposes only – Sotatercept is an investigational therapy that is not approved for any use in any country. Not for product promotional purposes.
Janethe Pena, MD, PhD Vice President, Medical Research, Pulmonary This presentation is for investor relations purposes only – Not for product promotional purposes.
Marc Humbert, MD, PhD* Professor of Respiratory Medicine at the Université Paris-Saclay in Le Kremlin- Bicêtre, France; Director of the Department of Respiratory and Intensive Care Medicine, French Pulmonary Hypertension Reference Centre, Hôpital Bicêtre, Assistance Publique Hôpitaux de Paris, France *Dr. Humbert is an investigator in the PULSAR trial and a paid consultant to Acceleron. 8 This presentation is for investor relations purposes only – Not for product promotional purposes.
Pulmonary arterial hypertension: A severe pulmonary vascular disease • Definition: chronic pre-capillary pulmonary hypertension • Cause: progressive structural remodeling of the small pulmonary arteries • Consequence: right heart failure and death Normal PAH 9 Galiè N et al. Eur Heart J 2016 & Eur Respir J 2015
Pulmonary arterial hypertension: a rare, but not an orphan, disease • Rare: prevalence 15–50/million (incidence 6/million/year) • Pathophysiology: pulmonary artery endothelial cell dysfunction • Drugs: 14 agents approved in the last 25 years (orphan drug status) • Lung/heart–lung transplantation: if refractory to medical therapy PGI2: - NO: - ET-1: + SMCs Endothelial cell 10 Adapted from: Humbert M et al. Circulation 2014
Current PAH treatment Targeting 3 major endothelial cell dysfunctional pathways 11 Humbert et al. N Engl J Med 2004 Humbert et al. Circulation 2014
Targeting endothelial dysfunction in PAH ET, endothelin; IP, prostacyclin receptor; NO, nitric oxide; PDE5, phosphodiesterase type 5; PGI2, prostacyclin; sGC, soluble 12 guanylate cyclase. Humbert M et al. Circulation 2014;130:2189–208.
Targeting the Prostacyclin, Endothelin and NO Pathways The Nobel Prize in The Nobel Prize in Physiology or Physiology or Medicine Medicine 1982 1998 "for their discoveries concerning "for their discoveries concerning nitric oxide as a prostaglandins and related biologically active signalling molecule in the cardiovascular system" substances" Ser Ser Leu Cy Ser Cys s N Met Asp ET-1 Lys Glu Cys Val Tyr Phe Cys His Leu Asp Ile Ile Trp C Sune K. Bengt I. John R. Vane Robert F. Furchgott Louis J. Ignarro Ferid Murad Bergström Samuelsson 1/3 of the prize 1/3 of the prize 1/3 of the prize 1/3 of the prize 1/3 of the prize 1/3 of the prize Sweden Sweden United Kingdom USA USA USA Karolinska Institutet Karolinska Institutet The Wellcome Stockholm, Sweden Stockholm, Sweden Research SUNY Health Science Center University of California University of Texas Medical Laboratories Brooklyn, NY, USA School of Medicine School at Houston Los Angeles, CA, USA Houston, TX, USA Beckenham, United Kingdom b. 1916 b. 1934 b. 1927 b. 1916 b. 1941 b. 1936 d. 2004 d. 2004 13 Humbert et al. N Engl J Med 2004
Targeting the Prostacyclin, Endothelin and NO Pathways 14 Barst et al. N Engl J Med 1996; Rubin et al. N Engl J Med 2002; Galiè et al. N Engl J Med 2005
Unmet need in the modern management era Despite drug discovery and development PAH remains a devastating condition 15 Humbert M et al. Circulation 2010;122:156–63
How to do better? • Better use of currently available therapies (strategies) – Early detection and management – Risk stratification – Goal-oriented therapy (with initial/ sequential combination) – Initial combination therapy • Development of novel therapies – New treatments targeting other pathways (BMPR-II…) 16
Pulmonary arterial hypertension Treatment algorithm 17 Galiè et al; Eur Respir J 2019
Targeting novel pathways in PAH • Pulmonary artery endothelial cell dysfunction is a major abnormality identified in PAH • Three dysfunctional pathways are targetable with 14 approved in the last 20 years (orphan drug status) • Lung/heart–lung transplantation should be considered in eligible patients refractory to medical therapy • Strong translational research has identified a large number of novel targets in recent years • A major challenge will be to prioritize drug discovery and development • Improving right heart function is another priority Inflammation Mitochondrial metabolism Growth factors Dysregulated angiogenesis BMPR2/TGF beta signaling Extracellular matrix Calcium signaling Vasoactive peptides Neurohormonal activation Adapted from: Humbert M et al. Circulation 2014;130:2189–208. 18 BMPR2, bone morphogenetic protein receptor type 2; TGF, transforming growth factor
Vallerie McLaughlin, MD* Professor of Cardiovascular Medicine; Director of the Pulmonary Hypertension Program University of Michigan *Dr. McLaughlin is an investigator in the PULSAR trial and a paid consultant to Acceleron. 19 This presentation is for investor relations purposes only – Not for product promotional purposes.
PULSAR Phase 2 Trial Design & Topline Results This presentation is for investor relations purposes only – Not for product promotional purposes.
PULSAR Trial Inclusion Criteria Key Inclusion Criteria ▪ Adults ≥18 years old ▪ WHO Group I PAH ▪ Functional Class II/III ▪ Baseline right heart catheterization with PVR ≥5 Wood Units ▪ Baseline 6MWD: 150 – 550 meters WHO: World Health Organization; PVR: Pulmonary vascular resistance; 6MWD: 6-minute walk distance 21
5th World Symposium on PH: Hemodynamic Definition of PH/PAH PH PAH Mean PAP ≥25 mm Hg plus Mean PAP ≥25 mm Hg PAWP ≤15 mm Hg plus at rest during RHC PVR >3 Wood units RHC: right heart catheterization PAP: pulmonary arterial pressure PAWP: pulmonary artery wedge pressure PVR: pulmonary vascular resistance Hoeper MM et al. J Am Coll Cardiol. 2013;62:D42-D50. 22 This presentation is for investor relations purposes only – Not for product promotional purposes.
PAH Functional Class Assessments NYHA: New York Heart Association WHO: World Health Organization NYHA WHO FUNCTIONAL FUNCTIONAL DESCRIPTIONS CLASS CLASS 1 I No symptoms of pulmonary arterial hypertension with exercise or at rest No symptoms at rest but uncomfortable and short of breath with normal activity such 2 II as climbing a flight of stairs, grocery shopping, or making the bed Activities greatly limited by shortness of breath, fatigue, or near fainting. Patients in 3 III this class have a difficult time doing normal chores around the house and have to take breaks while doing activities of daily living. Symptoms at rest and severe symptoms with any activity. Patients may faint especially 4 IV while bending over with their heads lowered. Most patients in this class are also volume overloaded with edema in their feet and ankles from right heart failure 23 This presentation is for investor relations purposes only – Not for product promotional purposes.
PULSAR Phase 2 Trial Design Double-Blind Extension Period 106 subjects Treatment Period Re-randomize 18 months Randomized 6 months PBO group (3:3:4) (1:1) Placebo (PBO) plus 0.3 mg/kg Sotatercept Standard of Care (SOC) plus SOC N = 32 0.7 mg/kg Sotatercept plus SOC Screening 0.3 mg/kg Sotatercept 28 days plus SOC N = 32 0.3 mg/kg Sotatercept plus SOC 0.7 mg/kg Sotatercept plus SOC 0.7 mg/kg Sotatercept N = 42 plus SOC Long-term safety and 24-week Primary and efficacy endpoints Secondary Endpoints 24 This presentation is for investor relations purposes only – Not for product promotional purposes.
PULSAR Phase 2 Trial Endpoints Primary Endpoint ▪ Change from baseline in pulmonary vascular resistance (PVR) Key Secondary Endpoint ▪ Change from baseline in 6-minute walk distance (6MWD) Other Secondary Endpoint ▪ Change from baseline in NT-proBNP ▪ Change in World Health Organization (WHO) functional class The trial was powered to detect an 18% reduction in the primary endpoint of PVR and a 24-meter improvement in the secondary endpoint of 6MWD. 25 This presentation is for investor relations purposes only – Not for product promotional purposes.
PULSAR Phase 2 Trial Topline Results Summary Primary Endpoint ▪ In patients on stable background PAH-specific therapies, sotatercept demonstrated a statistically significant reduction in PVR at week 24 versus placebo. Key Secondary Endpoint ▪ The trial achieved a statistically significant improvement in the key secondary endpoint of 6MWD. Other Secondary Endpoint ▪ The trial also achieved a statistically significant improvement in NT-proBNP and WHO functional class. Safety ▪ Generally well tolerated and adverse events were generally consistent with previously published data on sotatercept in other diseases 26 This presentation is for investor relations purposes only – Not for product promotional purposes.
KOL View on PULSAR Topline Results *Drs. McLaughlin and Humbert are investigators in the PULSAR trial and are paid consultants to Acceleron. 27 This presentation is for investor relations purposes only – Not for product promotional purposes.
Summary Habib Dable Chief Executive Officer This presentation is for investor relations purposes only – Not for product promotional purposes.
Summary High unmet medical need for new PULSAR topline results establish proof-of- treatment options for patients with PAH. concept for Acceleron’s lead pulmonary program (sotatercept) in PAH. The PULSAR Phase 2 trial met its primary Sotatercept was generally well (PVR) and key secondary (6MWD) endpoints tolerated in the trial and adverse events The trial also achieved a statistically were generally consistent with significant improvement in other secondary previously published data on endpoints, including NT-proBNP and WHO sotatercept in other diseases. functional class. 29 This presentation is for investor relations purposes only – Sotatercept is an investigational therapy that is not approved for any use in any country. Not for product promotional purposes.
A Significant Step Toward our Goal with Sotatercept in PAH Currently Approved PAH-Specific Medicines Multiple Pathways Primarily Promote Vasodilation Endothelin Receptor Antagonists (ERAs) + PDE-5 Inhibitors + SOTATERCEPT A novel investigational sGC Stimulators + medicine Prostacyclin + Initial goal: A combination approach with the potential to reverse vascular remodeling in patients with PAH 30 Sotatercept is an investigational therapy that is not approved for any use in any country.
Priorities for Sotatercept Program in PAH ▪ End of Phase 2 meeting with health authorities ▪ Presentation and publication of PULSAR Phase 2 trial results ▪ Planning for further global development of sotatercept in PAH ▪ SPECTRA Phase 2 trial preliminary results expected by YE2020 ▪ Results from PULSAR trial long-term extension period 31 This presentation is for investor relations purposes only – Sotatercept is an investigational therapy that is not approved for any use in any country. Not for product promotional purposes.
Question & Answer Session Habib Dable President and Chief Executive Officer Janethe Pena, MD, PhD Vice President, Medical Research, Pulmonary Marc Humbert, MD, PhD* Professor of Respiratory Medicine at the Université Paris-Saclay Vallerie McLaughlin, MD* Professor of Cardiovascular Medicine at the University of Michigan Jay T. Backstrom, MD, MPH Executive Vice President, Head of R&D Sujay Kango Senior Vice President and Chief Commercial Officer Todd James Vice President, Investor Relations and Corporate Communications *Drs. McLaughlin and Humbert are investigators in the PULSAR trial and are paid consultants to Acceleron. 32 This presentation is for investor relations purposes only – Not for product promotional purposes.
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