Kaleido Biosciences, Inc. · OTC:KLDO

Kaleido Biosciences — Investor Presentation (December 2019)

32 slides from Kaleido Biosciences's investor presentation, Dec 12, 2019

  1. Slide 1: Company Overview December 2019

    Exhibit 99.2 Company Overview December 2019 1 ©2 ©201 019 K 9 KA ALE LEIDO IDO™ ™Exhibit 99.2 Company Overview December 2019 1 ©2 ©201 019 K 9 KA ALE LEIDO IDO™ ™

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, statements regarding the anticipated use of our existing cash resources, the duration for which our

  3. Slide 3: The Kaleido Opportunity

    The Kaleido Opportunity Human-Centric Faster, More Broad Pipeline Proprietary Discovery & Cost-Efficient with Large Market Chemistry Development Clinical Model Opportunity Platform First Company with Novel Chemistry to Systematically Drive Functional Outputs of the Microbiome and Rapidly Translate i

  4. Slide 4: Delivered Positive Clinical Data in 2019 to Support Lead Programs

    Delivered Positive Clinical Data in 2019 to Support Lead Programs Further Validation of MMT Platform • KB195 – Urea Cycle Disorders 15 – RESULTS: Small open label clinical study of KB195 showed reduction in urinary N Pathologies Resulting from an excretion (biomarker of ammonia production) in 2 out

  5. Slide 5: Broad Pipeline of Microbiome Metabolic Therapies (MMT)

    Broad Pipeline of Microbiome Metabolic Therapies (MMT™) Clinical Data in Two Patient Populations Mechanism PROGRAM Target of Action Development Status 1 Clinical study in patients Urea Cycle Disorders (KB195) Ammonia Phase 2 clinical trial under IND/CTAs 1 Clinical study in healthy volunteers Ammoni

  6. Slide 6: The Microbiome Organ Has the Potential to Address a Broad Range of Diseases

    The Microbiome Organ Has the Potential to Address a Broad Range of Diseases • NASH/NAFLD Indigenous Bacteria from Gut Metabolic Microbiota Regulate Host Serotonin Gut Microbiota Regulate Motor • Chronic Kidney Disease Deficits and Neuroinflammation Biosynthesis Health • Metabolic Syndrome in a Model

  7. Slide 7: Kaleido Has a Unique and More Evolved Approach

    Kaleido Has a Unique and More Evolved Approach FOCUS Drive Functions Existing Bacteria of the Microbiome Add Bacteria Subtract Microbiome Metabolic Bacteria Therapies, or MMTs (i.e. targeted glycans) “Bugs as drugs” (e.g. fecal microbiota transplants, “Kill the bugs” Composition bacterial therapy) (

  8. Slide 8: Glycans are a Major Modality Shaping the Gut Microbiome

    Glycans are a Major Modality Shaping the Gut Microbiome Kaleido is Using Novel Chemistry to Develop Proprietary, Synthetic Glycans CREATION OF LIBRARIES OF SYNTHETIC GLYCANS (MMTs) Mono- Humans: + Multiple Oligo- 17 bond types, Poly- and branching glycosidases saccharide Microbiome: >3000 carbohydra

  9. Slide 9: Our Microbiome Metabolic Therapies Provide Unique Advantages

    Our Microbiome Metabolic Therapies (MMTs) Provide Unique Advantages CHARACTERISTICS ADVANTAGES Metabolic output of microbiome not attainable Targeted, disease-specific activity from commercially available glycans Directional taxonomic changes are translated Ex vivo assay predicts response in humans

  10. Slide 10: Human-Centric Discovery & Development Platform

    Human-Centric Discovery & Development Platform Human Data Drives Learning 1 3 and MMT Optimization EX VIVO SCREENING RAPID IN HEALTHY ADVANCEMENT INTO MICROBIOME SAMPLES HUMAN CLINICAL 1,2 STUDIES Healthy & Patients Volunteers MMT DECISION POINT 2 • File IND or global equivalent and Proceed to Phase

  11. Slide 11: Our MMTs Enable Faster, More Cost-Efficient Discovery & Development

    Our MMTs Enable Faster, More Cost-Efficient Discovery & Development Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Kaleido’s Human- IND Start Centric Discovery Discovery Human Clinical Studies 1 1 Year 2 Years Phase 2/3 and Development <3 Years Traditional Start IND Discovery, Preclinical Phase 1

  12. Slide 12: Urea Cycle Disorders: Rare Inborn Errors of Metabolism

    Urea Cycle Disorders: Rare Inborn Errors of Metabolism Resulting in Inability to Clear Ammonia Urea Cycle Disorders (UCD) LIVER KB195 Main Site of Ammonia Clearance • Inability to metabolize ammonia due to inborn deficiency of enzymes in the urea cycle GUT ‒ A significant proportion of ammonia is pr

  13. Slide 13: Clinical Program for KB195 in UCD: Phase 2 Data Expected Mid-2020

    Clinical Program for KB195 in UCD: Phase 2 Data Expected Mid-2020 • Safety/tolerability of KB195 in healthy volunteers Healthy Clinical study • Impact on microbiome-derived nitrogen metabolism as measured by (completed) Volunteers nitrogen tracer in urine • Safety/tolerability of KB195 in 4 patients

  14. Slide 14: Lactose-[15N]-ureide Tracer for Assessing Ammonia Metabolism

    15 Lactose-[ N]-ureide Tracer for Assessing Ammonia Metabolism • The microbiome contributes to ammonia production in the gut through protein degradation and cleavage of host-derived urea • Proposed MoA: MMTs reduce nitrogen metabolism by bacterial enzymes in the gut, decreasing free ammonia (includi

  15. Slide 15: KB195 Clinical Study: Significantly Reduced a Biomarker of Ammonia Production in Healthy Volunteers

    KB195 Clinical Study: Significantly Reduced a Biomarker of Ammonia Production in Healthy Volunteers KB195 Demonstrated a 33% Median Decrease in • KB195 chosen based on its ability to reduce ammonia in ex vivo 15 Urinary N Excretion Compared to Baseline screening and testing in healthy and patient mi

  16. Slide 16: KB195 Clinical Study in Patients with Well-Controlled UCD

    KB195 Clinical Study in Patients with Well-Controlled UCD Reinforce Results in Healthy Subjects that KB195 Reduces Biomarker of Ammonia Production 15 1 • N tracer data suggestive of KB195 activity • Open-label, single-arm, clinical study enrolled 4 in reducing nitrogen metabolism, a biomarker patien

  17. Slide 17: Hepatic Encephalopathy: Cognitive Dysfunction as a Result of Liver Disease

    Hepatic Encephalopathy: Cognitive Dysfunction as a Result of Liver Disease, including Cirrhosis Hepatic Encephalopathy (HE) LIVER KB174 Main Site of Ammonia Clearance • Clinical spectrum from covert neurocognitive findings to overt neuropsychiatric abnormalities in patients with liver dysfunction GU

  18. Slide 18: KB174 Clinical Study in Patients with Cirrhosis: Study Design

    KB174 Clinical Study in Patients with Cirrhosis: Study Design • A randomized, double-blind clinical study comparing the effect of KB174 to maltodextrin (a negative 15 control) on urinary nitrogen N excretion in patients with well-compensated liver cirrhosis 15 • Primary outcome: change in N in urine

  19. Slide 19: Clinical Study of KB174 in Cirrhotic Patients: Positive Top-Line Data

    Clinical Study of KB174 in Cirrhotic Patients: Positive Top-Line Data Show Reduction in a Biomarker of Ammonia Production KB174 Demonstrated a 26% Median Reduction 15 • Patients treated with KB174 had a 26% median in Urinary N Excretion Compared to Baseline 15 in Cirrhotic Patients reduction in urin

  20. Slide 20: Microbiome Impact on Pathogens and Immune Function

    Microbiome Impact on Pathogens and Immune Function Opportunity to Progress Development for Multi-drug Resistant Infections and Additional Diseases Caused by Imbalance of Immune Function Resulting from Dysbiosis Potential in Other Diseases Multi Drug Resistant Pathogens KB109 • Multi-drug resistant (

  21. Slide 21: KB109 in Multi-Drug Resistant Pathogens, a Growing Public Health Threat

    KB109 in Multi-Drug Resistant Pathogens, a Growing Public Health Threat Ex Vivo Testing Ex Vivo Screening 1 2 3 KB109 Observed to Reduce Our MMTs Observed to Pathogens by a Median • Initiated clinical study of KB109 in Reduce Pathogens of 45% Relative to Control patients colonized with multi-drug in

  22. Slide 22: Research Pipeline: New Disease Opportunities & Enhancing Knowledge of MMTs

    Research Pipeline: New Disease Opportunities & Enhancing Knowledge of MMTs AREA OF FOCUS Collaborator Status • Two lead MMTs identified in ex vivo testing Cardiometabolic and Liver Diseases • Mechanistic work ongoing to evaluate MMTs in validated preclinical models N/A – Related metabolic pathways e

  23. Slide 23: Manufacturing is a Core Strategic Advantage

    Manufacturing is a Core Strategic Advantage Proprietary Methods Standard Small Molecule Unit Operations Scalable and Transferable rd Internal Manufacturing 3 Party Manufacturers Production for ex vivo, toxicology, Large scale production for clinical trials and future and human clinical studies comme

  24. Slide 24: Robust Global IP Portfolio

    Robust Global IP Portfolio 9 U.S. Patents + 2 EPO Patents: • Glycan pharmaceutical compositions (Europe) • Methods to reduce ammonia (U.S.) • Methods to treat pathogen colonization (U.S.) • Methods to treat diarrhea (U.S.) • Methods to treat dysbiosis (U.S.) • Catalyst compositions (U.S. and Europe)

  25. Slide 25: Significant Progress During 2019

    Significant Progress During 2019 ✓ Raised $75 million in February IPO and began trading on NASDAQ (KLDO) Corporate✓ Bolstered manufacturing capabilities, tech transfer to large-scale manufacturing partner ✓ Strengthened leadership team with appointments of CSO, CBO, new CFO; expanded SAB & new Board

  26. Slide 26: Important Catalysts Expected in 2020

    Important Catalysts Expected in 2020 ❑ Data from Phase 2 clinical trial of KB195 in patients with UCD (mid-year) ❑ Data from clinical study of KB109 in patients colonized with multi-drug resistant pathogens (mid-year) ❑ Finalize development plan and trial design for HE program; initiate clinical stu

  27. Slide 27: ©2 ©201 K KA ALE LEIDO IDO™ ™27 ©2 ©201 K KA ALE LEIDO

    27 ©2 ©201 019 K 9 KA ALE LEIDO IDO™ ™27 ©2 ©201 019 K 9 KA ALE LEIDO IDO™ ™

  28. Slide 28: World-Class Leadership Team

    World-Class Leadership Team Alison Lawton Former GM, Genzyme Biosurgery, President & Chief Executive Officer COO Aura & OvaScience Katharine Knobil, M.D. Former CMO, GlaxoSmithKline Chief Medical Officer, Head of R&D Johan van Hylckama Vlieg, Ph.D. Former VP for Microbiome & Human Chief Scientific O

  29. Slide 29: Collaborating with Gustave Roussy, Pioneer in Immunotherapy and Research in Microbiome and Cancer

    Collaborating with Gustave Roussy, Pioneer in Immunotherapy and Research in Microbiome and Cancer Gustave Roussy Utilizes Advanced Preclinical Model with Human • Gustave Roussy is a leading center for Microbiomes of Responder (R) and Non-Responder (NR) Patients immunotherapy in Europe – Pioneer in u

  30. Slide 30: MMT Program for Reduction of TMA in Cardiometabolic and Liver Diseases

    MMT Program for Reduction of TMA in Cardiometabolic and Liver Diseases Our top MMTs reduced TMA by >90% • Two lead MMTs identified in ex vivo testing 1 2 in Ex Vivo Screening • Mechanistic work ongoing to evaluate Compared To Control several MMTs through validated preclinical models Control • Will b

  31. Slide 31: KB109 in MDR Pathogens was Selected Via an Assay Cascade

    KB109 in MDR Pathogens was Selected Via an Assay Cascade of Increasing Complexity and Disease Relevance 4 423 55 MMTs MMTs MMTs 1 2 Single-strain Ex vivo testing in assay 1 additional patient Process Defined community + populations scale-up and KB109 Healthy communities characterization 2 ICU patien

  32. Slide 32: ©2 ©201 K KA ALE LEIDO IDO™ ™32 ©2 ©201 K KA ALE LEIDO

    32 ©2 ©201 019 K 9 KA ALE LEIDO IDO™ ™32 ©2 ©201 019 K 9 KA ALE LEIDO IDO™ ™

Kaleido Biosciences — Investor Presentation (December 2019) on 6ix