Ars Pharmaceuticals, Inc. · NASDAQ:SPRY

Ars Pharmaceuticals — Silverback Therapeutics — Corporate Update (March 2022)

18 slides from Ars Pharmaceuticals's corporate update, Mar 31, 2022

  1. Slide 1: Update on Strategic Priorities

    Update on Strategic Priorities March 31, 2022

  2. Slide 2: Forward-looking statements and disclaimers

    Forward-looking statements and disclaimers Any reproduction or distribution of this presentation, in whole or in part, or the disclosure of any of its contents is prohibited. This presentation includes certain forward-looking statements that involve risks and uncertainties that could cause actual re

  3. Slide 3: Today’s Participants and Agenda

    Today’s Participants and Agenda Laura Shawver, PhD Chief Executive Officer Agenda ▪ Executive summary Valerie Odegard, PhD ▪ Update on SBT6050 and SBT6290 President, Chief Scientific Officer ▪ Review of SBT8230 in chronic HBV ▪ Milestones and next steps Naomi Hunder, MD Chief Medical Officer Jonatha

  4. Slide 4: Executive Summary

    Executive Summary ▪ Strategic realignment to focus resources on SBT8230 for chronic hepatitis B virus (cHBV) and discovery pipeline by discontinuing SBT6050 and SBT6290 clinical oncology programs ▪ Anticipated milestones: » 4Q’22 - Submit the Phase 1 regulatory application for SBT8230 » 4Q’22 - Prov

  5. Slide 5: Update on SBT6050-101

    SILVERBACK’ THERAPEUTICS Upda

  6. Slide 6: Study schema: phase 1/1b dose escalation and expansion study

    Study schema: phase 1/1b dose escalation and expansion study as a single agent and in combination with PD-1 inhibitors Part 1: monotherapy dose escalation Part 2: monotherapy tumor specific cohorts SBT6050 SC injection Q2W SBT6050 SC injection Q2W HER2-expressing (IHC 2+ or 3+) or HER2-amplified adv

  7. Slide 7: Further development of SBT6050 challenged by limited monotherapy activity and cytokine-related AEs

    Further development of SBT6050 challenged by limited monotherapy activity and cytokine-related AEs in combination with pembrolizumab Part 1: monotherapy Part 3: pembrolizumab combination » 0.6 mg/kg was found to be the maximum tolerated dose » At SBT6050 doses above 0.3 mg/kg, 4 of 6 patients had gr

  8. Slide 8: Silverback to discontinue SBT6050 and SBT6290 oncology programs

    Silverback to discontinue SBT6050 and SBT6290 oncology programs ▪ SBT6050 was administered to 58 patients as monotherapy and in combination with a checkpoint inhibitor at dose levels ranging from 0.15 mg/kg through 1.2 mg/kg with the length of patient experience ranging from 2 weeks through 41 weeks

  9. Slide 9: Review of SBT8230

    SILVERBACK’ THERAPEUTICS

  10. Slide 10: SBT8230 activity differentiated from SBT6050 and SBT6290

    SBT8230's profound liver-localized exposure and anti-viral SBT8230 activity are differentiated from SBT6050 and SBT6290 ▪ TLR8 biology in cHBV clinically validated through Gilead’s selgantolimod ASGR1-TLR8 ▪ SBT8230 mAb is highly specific to ASGR1, which is restricted to liver ▪ Combinable with RNAi

  11. Slide 11: SBT8230 is designed to drive an anti-viral immune response in an ASGR1- and FcgR-dependent manner

    SBT8230 is designed to drive an anti-viral immune response in an ASGR1- and FcgR-dependent manner 11

  12. Slide 12: SBT8230-S reduces HBsAg and drives seroconversion in AAV-HBV mouse model

    SBT8230-S reduces Hepatitis B surface antigen (HBsAg) and drives seroconversion in AAV-HBV mouse model ASGR1-S lowered average plasma viral DNA titers 2.5 logs 12

  13. Slide 13: SBT8230 demonstrates highly efficient liver uptake

    SBT8230 demonstrates highly efficient liver uptake SBT8230 concentration in NHP liver vs serum 100000 SBT8230 concentration (ng/g) 10000 1000 >300-fold higher 100 exposure in liver 10 Liver 1 Serum 0.1 0 1 2 3 4 5 6 7 Days Post Dose 13

  14. Slide 14: Highly efficient liver uptake of SBT8230 in NHP leads to robust liver-localized PD effects

    Highly efficient liver uptake of SBT8230 in NHP leads to robust liver-localized PD effects Gene expression changes in liver and serum assessed by RNAseq IL-6 IP-10 MCP-1 70 6 20 Fold Change vs Fold Change vs Fold Change vs Pre-Treatment 60 Pre-Treatment Pre-Treatment 50 15 4 40 10 30 20 2 5 10 0 0 0

  15. Slide 15: SBT8230 has far lower serum exposure than SBT6050

    SBT8230 has far lower serum exposure than SBT6050 due to its efficient localization to liver SBT6050 vs SBT8230 serum PK ▪ In non-clinical studies, SBT8230 confers a distinctly different peripheral exposure and tolerability profile than observed with SBT6050 and SBT6290 ▪ Based on NHP serum and live

  16. Slide 16: Phase 1/1b study design includes SAD in healthy volunteers, followed by repeat dosing in cHBV patients

    Phase 1/1b study design includes SAD in healthy volunteers, followed by repeat dosing in cHBV patients, virally suppressed on NRTI therapy Part 1: Single Ascending Dose (Randomized, Placebo-controlled) – Healthy volunteers • Healthy volunteers • Single dose SC Dose level 1 Dose level 2 Dose level 3

  17. Slide 17: Advancing a pipeline of systemically delivered, tissue-targeted programs

    Advancing a pipeline of systemically delivered, tissue-targeted programs Target / Program Indication(s) Preclinical Studies Phase 1 Phase 2 Anticipated Milestones Payload • 4Q 2022 – Phase 1 regulatory submission ASGR1 SBT8230 cHBV • 1H 2023 – Open enrollment for Phase 1 SAD study in healthy TLR8 Ag

  18. Slide 18: SILVERBACK’

    SILVERBACK’ THERAPEUTICS

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