Scholar Rock Holding Corporation · NASDAQ:SRRK

Scholar Rock — Technical Presentation (June 2021)

50 slides from Scholar Rock's technical presentation, Jun 15, 2021

  1. Slide 1: Apitegromab Positioned to be the Potential Next Transformative Therapy for Patients Suffering with SMA

    Apitegromab Positioned to be the Potential Next Transformative Therapy for Patients Suffering with SMA KOL Event and Panel DiscussionJune 15, 2021

  2. Slide 2: Disclaimers

    Disclaimers Various statements in this presentation concerning the future expectations, plans and prospects of Scholar Rock, Inc. (“Scholar Rock”), including without limitation, Scholar Rock’s expectations regarding its strategy, its product candidate selection and development timing, including timi

  3. Slide 3: Agenda

    Agenda 3 Opening Remarks and Spinal Muscular Atrophy Treatment Landscape Tony KingsleyPresident & CEO Apitegromab TOPAZ Phase 2 Proof-of-Concept Trial ResultsApitegromab Phase 3 Trial Design Considerations Yung Chyung M.D.CMO Moderated byYung Chyung, M.D. Panel Discussion with TOPAZ Trial Investigat

  4. Slide 4: Apitegromab Shows Transformative Potential in Patients with Type 2 and 3 SMA

    Apitegromab Shows Transformative Potential in Patients with Type 2 and 3 SMA Spinal Muscular Atrophy (SMA) remains a devastating and debilitating disease despite the utilization of SMN upregulatorsMulti-pronged approach may be needed in treating SMA; muscle-directed therapy may further improve motor

  5. Slide 5: Spinal Muscular Atrophy Overview

    5 Spinal Muscular Atrophy Overview Significant, progressive motor functionimpairment; many lose ambulation Infantile onset; unable to sit upindependently Severe, progressive disabilities and unable to walk independently Type 114% Type 251% Type 335% Global disease with 30,000-35,000affected in U.S.

  6. Slide 6: Potential to Pioneer a New Treatment Era: Opportunity for Muscle-Directed Therapy

    6 Potential to Pioneer a New Treatment Era: Opportunity forMuscle-Directed Therapy to Complement SMN Upregulators Phase 3Trial Design Indication MarketPenetration Non-ambulatory Type 2/32-12 years of agePrimary endpoint: Mean change from baseline in HFMSE at 15 months >11,000* patients treated WW$2+

  7. Slide 7: Apitegromab: Muscle-Directed Therapy Aimed at Complementing SMN Upregulators

    Apitegromab: Muscle-Directed Therapy Aimed at Complementing SMN Upregulators 7 Myostatin is a negative regulatorof skeletal muscle growthApitegromab is a fully human, mAb that specifically binds to proforms of myostatin and inhibits myostatin activation Apitegromab is a muscle-directed approach aime

  8. Slide 8: Cure SMA

    Cure SMA Jill Jarecki, PhDCSO June 15, 2021

  9. Slide 9: Cure SMA

    Cure SMA We fund groundbreaking research and provide families thesupport they need for today.Annual budget of $15M$85 Million in research funding 36 Chapters in the US9,000 affected individuals in membership database300 newly diagnosed contacts annuallyNewly diagnosed care and info packetsInfo on cl

  10. Slide 10: The Evolving Landscape in SMA

    The Evolving Landscape in SMA The FDA-approval of 3 new therapies has revolutionized and dramatically changed the natural history of SMAEarly identification and treatment dramatically alter long-termoutcomes, most strikingly presymptomaticallySymptomatic treatment providing improvements through incr

  11. Slide 11: 45% of SMA Patients Remain Untreated at End of Q1 2021

    45% of SMA Patients Remain Untreated at End of Q1 2021 Percent of SMA Patients 70%60%50%40%30%20%10%0%17Q1 Q2 Q3 Q4 18Q1 Q2 Q3 Q4 19Q1 Q2 Q3 Q4 20Q1 Q2 Q3 Q4 21Q1Year QuarterActuals through the end of Q1 2021, with projections for the three quarters after.

  12. Slide 12: Almost Half of Those with SMA Type I Currently Sit without Support

    Almost Half of Those with SMA Type I Currently Sit without Support 12.90 % 21.90 % 35.37 % 37.66 % 44.64 % 87.10% 78.08% 64.63% 62.30% 55.36% 100%90%80%70%60%50%40%30%20%10%0% 2017 (n=93) 2019 (n=147) 2020 (n=231) 2021 (n=56) 2018 (n=146)Sit without Support Cannot sit without support

  13. Slide 13: Can Stand With or Without Support Currently among SMA Type II

    Can Stand With or Without Support Currently among SMA Type II 10.94% 11.44% 17.05% 18.36% 89.06% 88.56% 82.95% 81.64% 100%90%80%70%60%50%40%30%20%10%0% 2017(n=265) 2018(n=271) 2019(n=258) 2020(n=414) Can stand (with or without) support Cannot stand (with or without) support2017 & 2018: Question was

  14. Slide 14: What Comes Next - SMA is Not Cured Yet

    What Comes Next - SMA is Not Cured Yet Need More Impact for older ages and stage of SMADifferent for symptomatic vs NBS patientsSlow to Stop to Reverse Reverse – Restore Function -FutureStop Progression – Prevent SymptomsSlower Progression -ImprovementNatural History - Untreated

  15. Slide 15: Unmet Needs that Future Therapies will Address

    Unmet Needs that Future Therapies will Address – From Adults in the 2020 Community Update Survey 75% 75% 81%80% 71% 29% 89% 89% 81%82%80% 39% 31% 94%94%98% 90% 15% 94% 94% 94% 100%90%80%70%60%50%40%30%20%10%0% Reducing Fatigue Improving breathing function Improving swallowing Gaining muscle strength

  16. Slide 16: Therapeutic Strategies – SMN Independent

    NeuroprotectionNeural transmissionRegenerative targetsMuscle enhancementApitegromab - Scholar RockGenetic modifiersCombinations of above with SMNenhancer Therapeutic Strategies – SMN Independent

  17. Slide 17: Thank You!

    Thank You!

  18. Slide 18: Cure SMA

    Cure SMA Jill Jarecki, PhDCSO June 15, 2021

  19. Slide 19: Apitegromab Showed Transformative Potential in SMA Phase 2 Trial

    Apitegromab Showed Transformative Potential in SMA Phase 2 Trial Yung Chyung, M.D.Chief Medical Officer

  20. Slide 20: TOPAZ: Evolving Understanding of Apitegromab's Transformative Potential

    TOPAZ: Evolving Understanding of Apitegromab’sTransformative Potential in Type 2 and Type 3 SMA June 2021Additional Analyses April 202112-month top-line October 20206-month interim Showed Initial Proof-of-Concept Interim data showed the therapeutic potential of apitegromab in Type 2 and 3 SMA as add

  21. Slide 21: TOPAZ Top-Line Data Showed Apitegromab's Transformative Potential in Type 2/3 SMA

    21 TOPAZ Top-Line Data Showed Apitegromab’sTransformative Potential in Patients with Type 2/3 SMA ✔ Apitegromab treatment (as add-on to background nusinersen) led to improvements inHFMSE in both non-ambulatory cohorts * Pooled cohorts of non-ambulatory patients treated with apitegromab 20 mg/kg and

  22. Slide 22: Exploratory Analyses to Understand the Therapeutic Response

    Evaluating range of exploratory analyses to better understand the therapeutic responseInitial findings from non-ambulatory cohorts:HFMSE improvements observed across age range with relatively larger gains from earlier treatmentDuration of prior nusinersen treatment not correlated with HFMSE increase

  23. Slide 23: Expectations for Patients on Background SMN Upregulator Therapy

    23 Expectations for Patients on BackgroundSMN Upregulator Therapy Yung Chyung, M.D. Chief Medical Officer

  24. Slide 24: Patients Continue to Experience Major Functional Deficits Despite Nusinersen

    Patients with Type 2 and 3 SMA Continue to Experience MajorFunctional Deficits Despite Improvement from Nusinersen 24 Darras, B., et.al. Nusinersen in later-onset spinal muscular atrophy. Neurology. May 2019; 92 (21) e2492-e2506.This third-party information is provided for background only and is not

  25. Slide 25: Nusinersen Does Not Increase HFMSE in Children Initiating After Age 5

    †Mercuri E, et.al. Nusinersen versus sham control in later-onset spinal muscular atrophy. N Engl J Med. 2018;378:625-635.This third-party information is provided for background only and is not intended to convey or imply a comparison to the TOPAZ clinical trial results. CHERISH Trial in Non-Ambulato

  26. Slide 26: Plateauing of HFMSE Increases After First 15 Months of Nusinersen

    Plateauing of HFMSE Increases Observed After First 15Months of Nusinersen Treatment in Type 2 and 3 SMA 26 “Longer-term treatment with nusinersen: results in later-onset spinal muscular atrophy from the SHINE study” P.257, World Muscle Society Congress 2020This third-party information is provided fo

  27. Slide 27: Review of Positive TOPAZ Top-Line Results

    27 Review of Positive TOPAZ Top-Line Results Yung Chyung, M.D. Chief Medical Officer

  28. Slide 28: Apitegromab Phase 2 Trial Design

    Apitegromab Phase 2 Trial Design 28 Patients with Type 2 and 3 SMA Ambulatory Type 3 patients (ages 5-21)Apitegromab 20 mg/kg IV Q4W monotherapy or withchronic nusinersen maintenance Key objectives: RHS and safety at 12 months Non-ambulatory Type 2 patients (ages ≥2) on chronicmaintenance nusinersen

  29. Slide 29: Baseline Characteristics

    Baseline CharacteristicsNusinersen-treated patients well into chronic maintenance phase 29 Non-Ambulatory,Ages ≥2 and initiated nusinersen <5 years Non-Ambulatory,Ages 5-21 Ambulatory,Ages 5-21 20 mg/kg+nusinersen 2 mg/kg+nusinersen Pooled 20 mg/kg+nusinersen 20 mg/kg monotherapy 20 mg/kg+nusinersen

  30. Slide 30: Patients Enrolled in TOPAZ Already in Chronic Maintenance Phase of Nusinersen

    Patients Enrolled in TOPAZ Already in Chronic MaintenancePhase of Nusinersen Treatment 30 *Reflects non-ambulatory cohorts in TOPAZ**The HFMSE time course plot for background nusinersen effect is hypothetical and intended for illustrative purposes only. The data presented here do not reflect any cro

  31. Slide 31: Non-Ambulatory Cohort: Initiated Nusinersen Age <5

    Non-Ambulatory Type 2 Cohort:Initiated nusinersen age <5 31 Apitegromab (20 mg/kg) + nusinersen n=8 Mean change from baseline in HFMSE(95% CI) +7.1(1.8, 12.5) # (%) patients achieving: ≥1-pt increase in HFMSE 7/8 (88%) ≥3-pt increase in HFMSE 5/8 (63%) ≥5-pt increase in HFMSE 5/8 (63%) Baseline char

  32. Slide 32: Non-Ambulatory Type 2/3 Cohort: Initiated Nusinersen Age ≥5

    Non-Ambulatory Type 2/3 Cohort:Initiated nusinersen age ≥5 Apitegromab (20 mg/kg) + nusinersen Per Protocol Population* (n=13) Intent-to-Treat Population (n=14) Mean change from baseline in HFMSE (95% CI) +1.2(-0.5, 2.9) +0.6(-1.4, 2.7) # (%) patients achieving: ≥1-pt increase in HFMSE 9/13 (69%) 9/

  33. Slide 33: TOPAZ Results Supporting Evaluation of Apitegromab in Phase 3 Trial: Adverse Events

    TOPAZ Results SuppPhase 3 Trial ort Evaluation of Apitegromab in Treatment-emergent adverse events (TEAEs) Apitegromab 2 mg/kg (n=10) Apitegromab 20 mg/kg (n=48) Total (n=58) Any TEAE 9 (90.0%) 44 (91.7%) 53 (91.4%) Any Serious TEAE 1 (10.0%) 4 (8.3%) 5 (8.6%) Any TEAE leading to study drug disconti

  34. Slide 34: Serious and Severe Treatment-Emergent Adverse Events

    Serious and Severe Treatment-Emergent Adverse Events(TEAEs) 34 Treatment-emergent adverse events (TEAEs) are defined as AEs that start after the first dose of study drug or start prior to the administration of study drug and worsen in severity/grade or relationship to investigational medication afte

  35. Slide 35: Additional Exploratory Analyses Further Support Apitegromab's Potential

    35 Additional Exploratory Analyses Further Support Apitegromab’s Potential Additive Benefit on Top of Nusinersen Yung Chyung, M.D.Chief Medical Officer

  36. Slide 36: HFMSE Improvements Observed Across Age Range of Non-Ambulatory Patients

    HFMSE Improvements Observed Across Age Range of Non-AmbulatoryPatients with Relatively Larger Gains from Earlier Treatment *Pooled cohorts of non-ambulatory patients treated with apitegromab 20 mg/kg and 2 mg/kg; excludes 4 patients who each missed 3 doses of apitegromab due to COVID-19-related site

  37. Slide 37: Increases in HFMSE Not Correlated with Duration of Prior Nusinersen Treatment

    Increases in HFMSE Not Correlated with Duration of PriorNusinersen Treatment Change in HFMSE Not Correlated With Number ofNusinersen Maintenance Doses(post-hoc analysis of TOPAZ non-ambulatory patients) Further data suggesting increases inHFMSE may be attributable to apitegromab No correlation betwe

  38. Slide 38: Clinical Outcome Measures: Progressive Levels of Difficulty in Measuring Gross Motor Functions

    Clinical Outcome Measures: Progressive Levels of Difficultyin Measuring Gross Motor Functions 38 WHO Motor Milestones – Different and MoreChallenging Tests of Self-Sufficient Locomotion 6 gross motor skills considered to be universal* Sitting without support – head erect for at least 10seconds; no u

  39. Slide 39: WHO Motor Development Milestone Achievements Further Support Apitegromab

    WHO Motor DevelopmSupport Apitegromab’ ent Milestos Potentia ne Achievemenl to Improve Mot ts Furtheror Function Non-ambulatory Type 2/3 Patients Pooled, 20 mg/kg Initiated nusinersen age <5 Initiated nusinersen age ≥5 # of patients gaining ≥1 WHO motor milestone(s) 7/35 4/10 3/15 39 WHO motor miles

  40. Slide 40: Apitegromab to Advance to Phase 3 Trial in Non-Ambulatory Type 2/3 SMA

    Apitegromab to Advanceto Phase 3 Trial in Patients with Non-Ambulatory Type 2/3 SMA Yung Chyung, M.D.Chief Medical Officer

  41. Slide 41: Initial Development Strategy Focuses on Non-Ambulatory Patients on Background SMN Upregulators

    41 Initial Development Strategy Focuses on Non- Ambulatory Patients on Background SMN Upregulators Global disease with30,000-35,000 affected inU.S. and Europe alone A Ambulatory patients Smaller population but high unmet need as benefits of SMN regulators not well-establishedTOPAZ suggests potential

  42. Slide 42: Preliminary Thoughts on Apitegromab Phase 3 Trial Design

    42 Preliminary Thoughts on Apitegromab Phase 3 Trial Design Design Subjects Key Objectives Timeline Non-ambulatory Type 2 and Type 3 SMAPediatric population in chronic maintenance phase of SMN therapy HFMSESafety Aim to initiate by end of 2021 Randomized, double-blind, placebo-controlled12-month tre

  43. Slide 43: Additional Opportunities May Be Pursued With Separate Development Strategies

    43 Additional Opportunities May Be Pursued With Separate Development Strategies Global disease with30,000-35,000 affected inU.S. and Europe alone A Ambulatory patients Smaller population but high unmet need as benefits of SMN regulators not well-establishedTOPAZ suggests potential clinical benefit i

  44. Slide 44: Panel Discussion on Apitegromab's Therapeutic Potential in SMA

    Panel Discussion onApitegromab’s Therapeutic Potential in SMA Thomas Crawford, M.D.Johns Hopkins Medicine Basil Darras, M.D.Boston Children’s HospitalHarvard Medical School

  45. Slide 45: Esteemed Panelists: TOPAZ Trial Investigators

    Esteemed Panelists: TOPAZ Trial Investigators Member of the Department of Neurology at Johns Hopkins since 1987.Practice involves general child neurology with a principal interest in caring for children with neuromuscular, neuromotor, and ataxic disorders.On the Medical and Scientific Advisory Board

  46. Slide 46: Thank You for Participating!

    Thank You for Participating! Pictures of individuals with SMA courtesy of Cure SMA 46

  47. Slide 47: Appendix

    Appendix $$$ ScholarRock

  48. Slide 48: Majority of Ambulatory Patients Maintained or Improved in RHS Score from Baseline

    Majority of Ambulatory Patients Maintained or Improved inRHS Score from Baseline 48 Apitegromab 20 mg/kg monotherapy Apitegromab 20 mg/kg + nusinersen Mean change from baseline in RHS (95% CI) -0.4 (-3.9, 3.1) -0.3 (-2.0, 1.4) # (%) patients achieving: ≥0-pt increase in RHS 6/11 (55%) 7/12 (58%) ≥1-

  49. Slide 49: Dose Response Observed in PD and Efficacy Data

    Non-Ambulatory Type 2 Cohort (Age ≥2 years):Dose Response Observed in PD and Efficacy Data Mean (±SEM) change from baseline 20 mg/kg dose numerically offered greater HFMSE increasesthan 2 mg/kg dose across all timepointsDurability of effect observed through 12-months of treatment Greater target enga

  50. Slide 50: Planned apitegromab Phase 3 program in SMA by year-end 2021

    50 Gilead fibrosis-focused TGFβ collaboration DRAGON Part A: dose escalation and continued follow-up Apitegromab Spinal Muscular Atrophy (SMA) SRK-181Immuno-Oncology and Oncology Preclinical/ Platform TOPAZ12M topline data Planned apitegromab Phase 3 program in SMA by year-end 2021: Potential for An

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