Theriva Biologics, Inc. · AMEX:TOVX

Theriva Biologics — Investor Presentation (April 2024)

46 slides from Theriva Biologics's investor presentation, Apr 16, 2024

  1. Slide 1: Corporate Overview April 2024

    Corporate Overview April 2024

  2. Slide 2: Forward Looking Statements

    2 FORWARD LOOKING STATEMENTS This presentation includes forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . In some cases forward - looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "

  3. Slide 3: Overview

    3 • Theriva Biologics is developing unique oncolytic viruses optimized for systemic administration • VCN - 01 is undergoing a Phase 2b clinical trial in first - line metastatic pancreatic cancer in combination with SoC chemotherapy • VCN - 01 Phase 1 clinical trials support multiple additional indic

  4. Slide 4: Theriva Pipeline

    4 THERIVA PIPELINE *Based on Management’s current beliefs and expectations. aGVHD acute graft - vs - host disease; allo - HCT allogeneic hematopoietic ce ll transplant. IAP recombinant bovine intestinal alkaline phosphatase. HNSCC head and neck squamous cell carcinoma. IV intravenous. IVit intravi t

  5. Slide 5: VCN-01 Is a Uniquely Engineered Human Adenovirus

    5 VCN - 01 IS A UNIQUELY ENGINEERED HUMAN ADENOVIRUS 5 Replication enhanced by significantly increased E2F binding. E1a - δ24 gene deletion means replication only in cells with a defective Rb - E2F pathway. Fiber shaft RGDK modification. PH20 soluble human testicular hyaluronidase enzyme expression

  6. Slide 6: VCN-01 Is a Uniquely Engineered Human Adenovirus

    6 VCN - 01 IS A UNIQUELY ENGINEERED HUMAN ADENOVIRUS 5 Stroma Cancer Associated Fibroblast Tumor Surrounded by STROMA VCN - 01 1 SYSTEMIC administration enables VCN - 01 access to primary tumor and metastases and detargets the liver SELECTIVE replication at very high levels lyses tumor cells directl

  7. Slide 7: Designed to Have Multiple Anti-Tumor Actions

    7 VCN - 01 DESIGNED TO HAVE MULTIPLE ANTI - TUMOR ACTIONS PH20 PH20 PH20 PH20 PH20 PH20 PH20 PH20 nab - paclitaxel gemcitabine T - Cells Stroma Cancer Associated Fibroblast Neoantigen STROMA degradation by PH20 facilitates tumor access and destruction by coadministered cancer therapies 3 4 IMMUNOGEN

  8. Slide 8: Compared to Other Oncolytic Viruses

    8 VCN - 01 COMPARED TO OTHER ONCOLYTIC VIRUSES COMPANY THERIVA BIOLOGICS CG ONCOLOGY GENELUX ONCOLYTICS BIOTECH REPLIMMUNE Ticker NYSE MKT: TOVX NASDAQ: CGON NASDAQ: GNLX NASDAQ:ONCY NASDAQ: REPL Product VCN - 01 CG0070 Olvi - Vec Pelareorep RP1, RP2 Virus Adenovirus 5 Adenovirus 5 Vaccinia Reovirus

  9. Slide 9: Clinical Data Support Mode of Action

    9 CLINICAL DATA SUPPORT VCN - 01 MODE - OF - ACTION Remodels the tumor matrix and turns “cold” tumors “hot” IDO indoleamine 2,3 - dioxygenase, PD - L1 programmed death - ligand 1 and CD8 + lymphocyte infiltration measured by immunohistochemistry. PH20 (hyaluronidase) levels measured using an ELISA a

  10. Slide 10: Extensive Clinical Program

    10 VCN - 01 EXTENSIVE CLINICAL PROGRAM 116 patients treated to date in multiple indications and combinations HEAD & NECK – IV (+ Durvalumab)* PANCREATIC - IV (+ Gemcitabine / Abraxane ® ) Phase 1 and ongoing Phase 2b COLORECTAL – IV (alone) PANCREATIC - IT (+ Gemcitabine Abraxane ® ) PANCREATIC, OVA

  11. Slide 11: Lead Indication Pancreatic Cancer

    11 VCN - 01 LEAD INDICATION PANCREATIC CANCER Highly fatal cancer protected by dense tumor stroma • Orphan disease with the highest mortality of all solid tumors • Median survival 8 - 11 months for metastatic disease¹ • USA est. 62,210 new cases and 49,830 deaths in 2022² , ³ • Hyaluronic acid in st

  12. Slide 12: Favorable Outcomes in Phase 1 Trial

    12 VCN - 01 FAVORABLE OUTCOMES IN PHASE 1 TRIAL Multicenter, open - label, dose escalation study (NCT02045602) ¹Single dose of VCN - 01 (1x10¹¹ to 1x10¹³ vp/dose) administered by 10 min IV infusion. ²VCN - 01 doses 3.3x10¹² vp (n=6) and 1x10¹³ vp (6). ³nab - Paclitaxel (Abraxane®; 30 min infusion) a

  13. Slide 13: Favorable Outcomes in Phase 1 Trial

    13 VCN - 01 FAVORABLE OUTCOMES IN PHASE 1 TRIAL Multicenter, open - label, dose escalation study (NCT02045602) ¹Single dose of VCN - 01 (1x10¹¹ to 1x10¹³ vp/dose) administered by 10 min IV infusion. ²VCN - 01 doses 3.3x10¹² vp (n=6) and 1x10¹³ vp (6). ³nab - Paclitaxel (Abraxane®; 30 min infusion) a

  14. Slide 14: VIRAGE Phase 2b Clinical Trial in PDAC

    14 V IR AGE PHASE 2B CLINICAL TRIAL in PDAC Multicenter, open - label, randomized, controlled trial (NCT05673811) • Study on - going in patients with first - line metastatic pancreatic ductal adenocarcinoma (PDAC) • Up to 92 patients to be enrolled at sites in Spain and the USA • Randomized 1:1 to r

  15. Slide 15: VIRAGE Phase 2 Clinical Trial Differentiators

    15 x First - line treatment of metastatic PDAC patients x Direct comparison with standard - of - care chemotherapy in the same trial x Repeated dosing of VCN - 01 may improve treatment outcomes x Open label provides real - time opportunity to review emerging VCN - 01 treatment effects x Orphan Drug

  16. Slide 16: Development in Pancreatic Cancer

    16 • Project complete enrollment into the VIRAGE Study H1 2024 • First DMC safety review completed Q1 2024 • No safety concerns were raised and no protocol amendments were requested • Potential interim data analysis H2 2024 • Opportunity to discuss pivotal study design and potential expedited status

  17. Slide 17: VCN-01 in Head & Neck Cancer

    VCN - 01 IN HEAD & NECK CANCER

  18. Slide 18: VCN-01 IV + Anti-PD-L1 Phase 1 Trial in HNSCC

    18 VCN - 01 IV + ANTI - PD - L1 PHASE 1 TRIAL in HNSCC Multicenter, open - label, dose escalation study (NCT03799744) ¹Durvalumab 1500 mg (60 min infusion) administered at least 4 hours after VCN - 01. HNSCC head and neck squamous cell carcinoma. Jové M (2023) Ann Oncol 34:S589 – S590. x Single IV d

  19. Slide 19: Extended Survival with VCN-01 + Durvalumab

    19 • Higher than expected survival (OS) despite previous anti - PD(L)1 failure • No correlation of survival with baseline tumor PD - L1 expression (CPS) BUT significant correlation of survival with CPS 8 - days after VCN - 01 treatment EXTENDED SURVIVAL with VCN - 01+DURVALUMAB Survival correlated w

  20. Slide 20: VCN-01 May Sensitize Patients to Subsequent Therapy

    20 VCN - 01 MAY SENSITIZE PATIENTS TO SUBSEQUENT THERAPY Patients responded to subsequent chemotherapy after progressing with VCN - 01 + durvalumab ARM ICI Treatment Progression (Pre - trial) Current Trial 1st Line after Current Trial 2nd Line after Current Trial Median OS post - 1st ICI ORR Median

  21. Slide 21: Findings in R/M HNSCC

    21 VCN - 01 FINDINGS in R/M HNSCC Data support VCN - 01 MOA and immune enhancing effects • VCN - 01 has an acceptable safety profile when administered prior to durvalumab (Imfinzi ® ) • VCN - 01 reaches tumors, has sustained replication and PH20 expression • VCN - 01 treatment led to downregulation

  22. Slide 22: VCN-01 in Retinoblastoma

    VCN - 01 IN RETINOBLASTOMA

  23. Slide 23: Retinoblastoma, a Rare Pediatric Malignancy

    23 • Retinoblastoma (Rb) is an orphan indication that accounts for ~2 - 3% of all childhood cancers¹ • 200 - 300 cases each year in the USA, EU² - ⁴ • VCN - 01 selectivity enables development as an intravitreal treatment for Rb patients • VCN - 01 could be used in combination with chemotherapy to po

  24. Slide 24: VCN-01 in Retinoblastoma

    24 • On - going single center, open - label, dose escalation study of intravitreal (IVit) VCN - 01¹ - ³ • Children aged 1 - 12 years (n=9) • Retinoblastoma that is recurrent or refractory to chemotherapy and for whom enucleation is the best treatment option • VCN - 01 doses of 2.0x10⁹ vp per eye (n=

  25. Slide 25: Interim Safety Data for Intravitreal VCN-01

    25 INTERIM SAFETY DATA FOR INTRAVITREAL VCN - 01 Two Intravitreal VCN - 01 Doses of 2.0x10⁹ or 2.0x10 10 vp per eye¹ ¹NCT03284268. ²Intravitreal VCN - 01 doses of 2.0x10⁹ virus particles (vp) per eye (Patient 1) or 2.0x10¹º vp per eye (Patients 2 - 4) administered on days 1 and 15. ³Pascual Pasto (2

  26. Slide 26: Development in Retinoblastoma

    26 • Phase 1 ISS to Complete in H1 2024 • Enrollment completed and last patients in the follow - up period • Initial data demonstrate acceptable safety and one durable complete response • Developing a clinical protocol for an open - label, multinational study • Retinoblastoma patients with vitreous

  27. Slide 27: Next Generation OV Discovery Platform

    NEXT GENERATION OV DISCOVERY PLATFORM

  28. Slide 28: Albumin Shield to Enhance OV Systemic Delivery

    28 OV - ABD • Albumin Shield technology protects OVs as they travel to tumors after systemic administration¹ , ² • Albumin Shield modified OVs bind albumin in the patient’s blood to form a protective coating • Albumin Shield genetic modification allows parent and progeny virus to be albumin coated •

  29. Slide 29: Theriva OV Pipeline Discovery and Development

    29 Clinically - tested Adenovirus Expressing PH20 Hyaluronidase to Degrade Stroma + Albumin Shield Ť To Prevent Neutralization by anti - viral Antibodies and Facilitate IV Multidosing + Unique Multifunctional Proteins to Turn Cold Tumors Hot and Enhance Anti - tumor Immune Response THERIVA OV PIPELI

  30. Slide 30: Summary

    SUMMARY

  31. Slide 31: Theriva OV Portfolio Highlights

    31 THERIVA OV PORTFOLIO HIGHLIGHTS Unique MOA enables multiple indications and combinations • Highly differentiated OV designed to have multiple antitumor effects • Systemic administration, selective tumor replication, stroma degradation • Designed to increases cell lysis, tumor immunogenicity, and

  32. Slide 32: 2024 Achievements and Projected Milestones

    32 Q4 2024 ACHIEVEMENTS AND PROJECTED MILESTONES Q1 2024 Q2 2024 ¹VCN - 01 synergistic antitumor effect with irinotecan; potential combination with FOLFIRINOX/NALIRIFOX. ²VCN - 12 is an armed version of VCN - 11 designed to express an additional functional payload ( VCN - 11 is the first clinical ca

  33. Slide 33: Financial and Investment Goals

    33 • Immediate Goals • Augment share register with additional sophisticated institutional investors • Establish a realistic share price/valuation to facilitate financial options • External validation through a funded discovery or development partnership • Mid - to Longer - Term Goals • Institutional

  34. Slide 34: Seasoned Leadership Team

    34 SEASONED LEADERSHIP TEAM Manel Cascall ó PhD General Director, EU Subsidiary Expertise in oncolytic adenovirus clinical development, received several patents for the use of adenovirus as antitumoral agents and authored many peer - reviewed scientific publications Deep regulatory experience and se

  35. Slide 35: Appendix

    APPENDIX

  36. Slide 36: Intellectual Property

    36 VCN - 01, VCN - 11 Composition of Matter (exp 2030) Methods of Use and Novel Formulations (examination) Use in Rb (exp 2036) ODD EU (PDAC) ODD US (PDAC & Rb) VCN - 11, Discovery Composition of Matter (exp 2034) Methods of Use and Novel Formulations (examination) SYN - 004, - 006, - 007 Compositio

  37. Slide 37: Extensive Phase 1 Clinical Experience

    37 EXTENSIVE VCN - 01 PHASE 1 CLINICAL EXPERIENCE 87 Patients Treated in Diverse Cancer Indications ¹Garcia - Carbonero (2022) J Immunother Cancer 10:e003255. ²Bazan - Peregrino (2021) J Immunother Cancer 9:e003254. ³huCART - meso are autologous T cells engineered to express an extracellular single

  38. Slide 38: Most Common IV VCN-01 Related AEs

    38 MOST COMMON IV VCN - 01 RELATED AEs [NCT02045602] ADVERSE EVENTS¹ Part I (Alone, n=16) Part II (Concomitant, 12)² Part III (Sequential, 14)³ Grade 1 - 2 Grade ≥3 Grade 1 - 2 Grade ≥3* Grade 1 - 2 Grade ≥3 Febrile neutropenia - - - 2 (16.7%) - - Neutropenia/Neutrophil count decreased 2 (12.5%) - 1

  39. Slide 39: Expansion Opportunities for VCN-01 in PDAC

    39 (m)FOLFIRINOX (ECOG 0 - 1)* or Gemcitabine + nab - Paclitaxel (ECOG 0 - 2) or s ingle agent gemcitabine, capecitabine, 5 - FU (ECOG 3 - 4)³ EXPANSION OPPORTUNITIES for VCN - 01 in PDAC Alternate treatment lines and new chemotherapy combinations ¹Used in <20% of PDAC cases. ²Identical to first - l

  40. Slide 40: AE Profile for the Combination of VCN-01 and Durvalumab

    40 AE PROFILE FOR THE COMBINATION OF VCN - 01 AND DURVALUMAB Most common AEs related to IV VCN - 01 [ NCT03799744] Adverse Reactions Arm I - Concomitant (Dose 3,3E12 , n=6)² Arm II - Sequential (Dose 3,3E12 , n=6)³ Arm II - Sequential (Dose 1E13 , n=8)³ CTCAE Grade Grade 1 - 2 Grade ≥3 Grade 1 - 2 G

  41. Slide 41: VCN-01 Induces Transcriptomic Changes in Tumor Microenvironment

    41 VCN - 01 INDUCES TRANSCRIPTOMIC CHANGES in TUMOR MICROENVIRONMENT RNAseq Analysis in Clinical Samples from HNSCC Patients [NCT03799744] Principal Component Analysis 1 including all the Pre - and Post - treatment samples Most significant Reactome and KEGG pathways in GSEA (Gene Set Enrichment Anal

  42. Slide 42: References

    42 Bayo - Puxan N et al. (2006) Role of the putative heparan sulfate glycosaminoglycan - binding site of the adenovirus type 5 fiber sh aft on liver detargeting and knob - mediated retargeting. J Gen Virol 87:2487 – 2495 Bazan - Peregrino M et al. (2021) VCN - 01 disrupts pancreatic cancer stroma an

  43. Slide 43: References: Description, Classification, Staging, Stroma

    43 DESCRIPTION, CLASSIFICATION, STAGING, STROMA Balachandran VP et al. (2019) Broadening the impact of immunotherapy to pancreatic cancer: challenges and opportunities. Gast roe nterology 156:2056 - 72 Christenson ES et al. (2020) Current and emerging therapies for patients with advanced pancreatic

  44. Slide 44: References: Retinoblastoma

    44 DESCRIPTION, CLASSIFICATION, STAGING American Academy of Ophthalmology. EyeWiki®. Retinoblastoma. https://eyewiki.org/Retinoblastoma American Cancer Society. Key statistics for retinoblastoma. https://www.cancer.org/cancer/retinoblastoma/about/key - statistics.html Canturk S et al. (2010) Surviva

  45. Slide 45: References: CG Oncology

    45 CG Oncology CG0070 (cretostimogene grenadenorepvec) https://cgoncology.com Ramesh N et al. (2006) CG0070, a conditionally r eplicating granulocyte macrophage c olony - stimulating factor - armed o ncolytic a denovirus for the treatment of bl adder c ancer. Clin Cancer Res 12:305 Svatek RS et al.

  46. Slide 46: References: Oncolytics Biotech

    46 Oncolytics Biotech: Pelareorep (formerly Reolysin®) https://oncolyticsbiotech.com Arnold D et al. Pelareorep (pela) + atezolizumab (atezo) and chemotherapy in first - line (1L) advanced or metastatic pancreatic d uctal adenocarcinoma (PDAC) patients – Results from the GOBLET study. Poster present

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