Abivax Sa · EURONEXT:ABVX
Abivax Sa — Investor Presentation (November 2020)
29 slides from Abivax Sa's investor presentation, Nov 19, 2020
Slide 1: Mobilizing the immune system to fight inflammatory and viral diseases, as well as cancer
Mobilizing the immune system to fight inflammatory and viral diseases, as well as cancer Abivax, a late-stage clinical biotech company November 19, 2020
Slide 2: Forward looking statements
Forward looking statements This presentation contains information pertaining to Abivax S.A. (“Abivax”). Neither Abivax, nor its management, shareholders, directors, advisors, employees or representatives make any representation or warranty, express or implied, as to the fairness, the accuracy, compl
Slide 3: Key company facts
Key company facts Milestones Shareholder structure1 and market cap2 Founded in 2013 Sept. 2018: Focus ABX464 by Truffle Capital on chronic inflammation Truffle Capital 39% 41% € 330m Sofinnova Abivax went May 2020: ABX464 to Board & management public in June 2015, treat acute viral and raising € 57.
Slide 4: Abivax: A strong and diversified clinical pipeline
Abivax: A strong and diversified clinical pipeline Lead generation Research Preclinical Phase 1 Phase 2 Phase 3 ABX464 Phase 2b ongoing Ulcerative colitis Inflammatory ABX464 Phase 2b/3 pivotal study: FPI: mid-2021 Crohn’s disease diseases ABX464 Phase 2a ongoing Rheumatoid arthritis ABX464 Phase 2b
Slide 5: Financing completed to extend cash runway until Q4 2021
Financing completed to extend cash runway until Q4 2021 2020 Funds Raised Cash Runway Extended Until Q4 2021 (As of November 2, 2020) • Bpifrance funding € 36m • Financing to be used for: • Société Générale PGE € 5m ➢ ABX464 in ulcerative colitis (UC): Completion of the Phase 2b induction phase, pur
Slide 6: In Focus: October 29, 2020, €28m institutional private placement (1/2)
In Focus: October 29, 2020, € 28m institutional private placement (1/2) Transaction Overview Widely oversubscribed capital increase at market price, led by Abivax and Bryan, Garnier & Co.: ➢ With high interest coming from multiple geographies (US and Europe) allowing the Company to select a limited
Slide 7: In Focus: October 29, 2020, €28m institutional private placement (2/2)
In Focus: October 29, 2020, € 28m institutional private placement (2/2) Allocation • Subscribed by top-tier U.S. and European biotech investors including(1): 45% ➢ Perceptive (US) ➢ Life Science Partners (the Netherlands) 55% ➢ Invus Public Equities (US / France) ➢ Sofinnova Partners (Europe) • The
Slide 8: Bpifrance €36m funding
Bpifrance € 36m funding The amount of € 36m will be paid by BPI until June 2021 (so far € 14.4m paid). Total amount of € 36m is made of € 20.1m grant (non-refundable) and € 15.9m loan (refundable): → Either € 15.9m loan refundable over time when ABX464 is reaching commercial stage in COVID-19, → Or
Slide 9: Details of Kreos Capital €15m funding
Details of Kreos Capital € 15m funding € 15m straight bonds in two tranches Tranche A Tranche B Tranche C € 10m drawn at the signature of € 5m to be drawn down before € 5m mutual option between Kreos the agreement on October 15, 2020 November 1, 2020 Capital and Abivax before end 2020 Loan Condition
Slide 10: Abivax Analyst Reports Overview
Abivax Analyst Reports Overview Analyst Country Last update Target Price Recommendation Bryan, Garnier & Co France 03/09/2020 € 37.50 Buy Degroof Petercam Belgium 25/09/2020 € 29.00 Buy goetzpartners securities UK/Germany 11/11/2020 € 50.00 Buy Kepler Cheuvreux France 25/09/2020 € 40.00 Buy LifeSci
Slide 11: ABX464: A promising candidate addressing attractive markets
ABX464: A promising candidate addressing attractive markets Coming from the proprietary Abivax library of compounds, Total market size* biased to modulate RNA biogenesis (>2,200 molecules); in inflammatory Close collaboration with EVOTEC diseases greater than Small molecule (quinoline), administered
Slide 12: Anti-inflammatory effect: ABX464 showed efficacy in the DSS mouse model
Anti-inflammatory effect: ABX464 showed efficacy in the DSS mouse model* ABX464 protects mice from death DSS without ABX464 leads ABX464 protects intestinal in the DSS mouse model to intestinal damage structure Relative weight (%) 120 Induction of inflammation by DSS ABX464 60 days 110 100 90 Days 8
Slide 13: ABX464-101/102 study design: Phase 2a in ulcerative colitis
ABX464-101/102 study design: Phase 2a in ulcerative colitis • Randomized, double-blind, placebo controlled, multi-national study followed by an open-label maintenance study Induction study (ABX464-101) Open label extension (ABX464-102) 8 weeks of induction treatment (completed) Two years completed,
Slide 14: ABX464-101: Statistically significant efficacy achieved for major endpoints (day 56)
ABX464-101: Statistically significant efficacy achieved for major endpoints (day 56) Clinical remission: ABX464 Placebo p Total Mayo Score (TMS) equal or (n=20/23) (n=9/9) value lower than 2 + no sub-score >1 PP/ITT PP/ITT (PP) Clinical remission* 35%/30% 11%/11% 0.16 Endoscopic improvement: Endosco
Slide 15: Tissue repair in an ABX464 treated UC patient
Tissue repair in an ABX464 treated UC patient Courtesy of Prof. Severine Vermeire Before ABX464 After ABX464 Mobilizing the immune system to fight inflammatory and viral diseases, as well as cancer 15
Slide 16: ABX464-101 Partial Mayo Score Results
ABX464-101 Partial Mayo Score Results Fast onset of action and comparable efficacy in both biologics naïve and experienced patients Overall Patient Population Patients previously treated with biologics Change from Baseline Partial Mayo Score Change from Baseline Partial Mayo Score D0 D7 D14 D21 D28
Slide 17: ABX464-102: Durable efficacy confirmed by 24-months maintenance study
ABX464-102: Durable efficacy confirmed by 24-months maintenance study 29/32 22/23 16/19 4/6 Countries granted regulatory Eligible patients enrolled in the Patients completed 16 out of 19 patients completed approval for maintenance study maintenance study, 19 the induction study the second year of tr
Slide 18: Changes of Partial Mayo Score and fecal calprotectin during the maintenance phase
Changes of Partial Mayo Score and fecal calprotectin during the maintenance phase for all patients and patients previously on biologics Partial Mayo Score – Mean Fecal calprotectin µg/g – Median 4,0 350 3,5 300 3,0 250 2,5 200 2,0 150 1,5 100 1,0 0,5 50 0,0 0 Day 0 (OLE) M3 M6 M9 M12 Day 0 (OLE) M3
Slide 19: ABX464, Vedolizumab, Tofacitinib and Filgotinib efficacy in induction and maintenance clinical trials
ABX464, Vedolizumab, Tofacitinib and Filgotinib efficacy in induction and maintenance clinical trials Vedoluzimab Tofacitinib Filgotinib* ABX464 Phase 3 Phase 3 Phase 3 Phase 2a INDUCTION Active Placebo Delta Active Placebo Delta Active Placebo Delta Active Placebo Delta Clinical Remission (%) 16,9
Slide 20: Conclusions
Conclusions Good safety and tolerability of chronic treatment with ABX464 50mg QD in patients with UC Conclusion is supported by safety analysis in app. 400 healthy volunteers and patients (no serious ABX464 oral 50mg QD adverse reactions, no severe infections, no lymphopenia, no neutropenia) drug c
Slide 21: ABX464 ongoing and planned studies
ABX464 ongoing and planned studies Phase 2b in ulcerative colitis: • Conducted with IQVIA as CRO Phase 2b study in 232 patients with moderate to severe ulcerative colitis is currently ongoing in Canada and • 232 patients, 17 countries, 150+ study sites Europe and the US (with FDA clearance of IND on
Slide 22: COVID-19 infection and pathology
COVID-19 infection and pathology Mild and moderate Recovery disease COVID-19 First Diagnosis infection symptoms (PCR) Acute Severe Respiratory Multi-Organ Distress Death 2 – 10 days disease Failure Syndrome Cytokine Storm ICU admission Syndrome Mostly in elderly and ABX464 Hyper- other high-risk pat
Slide 23: ABX464 COVID-19 Development Rationale
ABX464 COVID-19 Development Rationale Antiviral: ABX464 inhibits SARS-CoV-2 (COVID-19 virus) in vitro replication in human respiratory epithelium: Inhibition of COVID-19 viral replication comparable to Remdesivir Anti-inflammatory: ABX464 has demonstrated potent anti- inflammatory properties in seve
Slide 24: ABX464 rapidly upregulates miR-124 within hours in human PBMCs
ABX464 rapidly upregulates miR-124 (10-fold) within 24 hours in human PBMCs (in vitro results) miR-124 upregulation vs. time of ABX464 treatment 14 Mean fold-change compared to DMSO 12 ABX464 (5 µM) 10 8 6 4 2 0 2h 4h 8h 12h 24h Mobilizing the immune system to fight inflammatory and viral diseases,
Slide 25: ABX464 novel mechanism of action: Potent and specific upregulation of miR-124
ABX464 novel mechanism of action: Potent and specific upregulation of miR-124 leads to reduction of pro-inflammatory cytokines Both systemic and local inflammatory sites Established miR-124 targets: (translation ) Outcome ABX 464 MCP-1/ 1 CBC MCP-1/CCL2 CCL2 IL-6 STAT 3 IL-17 miR-124 TNFa JAK pathwa
Slide 26: Antiviral effect: Reduction of COVID-19 replication in an in vitro airway epithelial model
Antiviral effect: Reduction of COVID-19 replication in an in vitro reconstituted human airway epithelial model Infectious titrations TCID50 at 48 hours post infection Comparable efficacy between Remdesivir and ABX464 Mobilizing the immune system to fight inflammatory and viral diseases, as well as c
Slide 27: Phase 2b/3 clinical trial miR-AGE: High-risk patients, prior to respiratory distress
Phase 2b/3 clinical trial miR-AGE: High-risk patients, PRIOR to respiratory distress ➢ Early treatment of high-risk patients infected with COVID-19 ➢ Main objective: A Phase 2b/3, randomized, double blind, placebo-controlled study of ABX464 to treat inflammation and prevent acute respiratory failure
Slide 28: Newsflow until mid-2021
Newsflow until mid-2021 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 UC 2-years Phase 2a (ABX464) maintenance data UC Top-line Enrollment completed Phase 2b (ABX464) results RA Top-line Enrollment completed Phase 2a (ABX464) results Crohn’s Phase 2b/3 pivotal FPI (ABX464) Interim analysis, completion of
Slide 29: Highly experienced Executive Committee
Highly experienced Executive Committee • Prof. Hartmut Ehrlich, M.D. • Chief Executive Officer Former Head of Global R&D, Baxter BioScience • Didier Blondel • Pierre Courteille • Jérôme Denis • Alexandra • Chief Financial Officer Pharmacist, MBA Ph.D. Pearce Ph.D. & Board Secretary • Chief Commercia