Lisata Therapeutics, Inc. · NASDAQ:LSTA
Lisata Therapeutics — Investor Presentation (June 2025)
65 slides from Lisata Therapeutics's investor presentation, Jun 17, 2025
Slide 1: Corporate Presentation | June 17, 2025
© L i s a t a T h e r a p e u t i c s , I n c . 2 0 2 5 . A l l r i g h t s r e s e r v e d . Targeted Therapy Delivered www.lisata.com Corporate Presentation | June 17, 2025 Nasdaq: LSTA David J. Mazzo, Ph.D. President and Chief Executive Officer Exhibit 99.1
Slide 2: Forward-looking statements advisory
2 Forward-looking statements advisory This presentation contains “forward-looking statements” that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts,
Slide 3: Lisata at a Glance
Lisata at a Glance Company Overview 3
Slide 4: Lisata Therapeutics Company Overview
Lisata Therapeutics (Nasdaq: LSTA) Company Overview 4 OVERVIEW Clinical-stage therapeutics company rapidly developing a novel solid tumor targeting and penetration technology with tumor microenvironment (TME) modifying properties. MISSION To enhance the treatment benefits of existing and emerging th
Slide 5: Key attributes
Company Overview 5 Lisata Therapeutics (Nasdaq: LSTA): Key attributes Cash runway extending into 4Q2026 with no debt, funding current clinical programs Seasoned management with successful international drug development experience and expertise Platform technology validated by existing partnerships w
Slide 6: Seasoned leadership with proven history of drug approvals worldwide
Seasoned leadership with proven history of drug approvals worldwide 6 Kristen K. Buck, MD Executive Vice President of R&D and Chief Medical Officer Dr. Buck is a board certified and licensed physician with >20 years of strategic global drug development, drug/device safety/epidemiology, FDA, and clin
Slide 7: Therapeutic Focus and Rationale
Therapeutic Focus and Rationale 7
Slide 8: Improved solid tumor treatment remains a vital, growing global need
Improved solid tumor treatment remains a vital, growing global need Worldwide Cancer Incidence 2022 20 million new cases with 10 million deaths(1-2) 2050 35 million new cases with 18.5 million deaths(3) Solid tumors account for more than 90% of all diagnosed cancers Pancreatic Cancer Incidence By 20
Slide 9: Current solid tumor treatments & patient outcomes are suboptimal
Current solid tumor treatments & patient outcomes are suboptimal 9 Therapeutic Focus and Rationale Diagram source: Abizanda-Campo, S. et al, Microsyst Nanoeng 9, 154 (2023) Challenging tumor morphology and tumor microenvironment (TME) pose significant barriers to effective treatment and outcomes Tum
Slide 10: Certepetide is designed to optimize solid tumor treatment
Certepetide is designed to optimize solid tumor treatment 1 Sugahara, et al. Mol Cancer Ther; 14(1) January 2015; Hamilton, et al., J MolMed. April 2015; and Miyamura, et al., bioRxiv. May 2023. 2 Yuan, D., Duda, D., et al. CCA Foundation Conf. 2024 Poster. Enhancing the efficacy of standard therapy
Slide 11: Certepetide possesses a strong Intellectual Property portfolio
Certepetide possesses a strong Intellectual Property portfolio Eight families, comprising 11 granted patents (6 U.S.), 19 pending patents, one family in its PCT phase, and two in provisional status Orphan Drug Designations bring 7 and 10 years of market exclusivity post-approval in the U.S. and
Slide 12: Partnerships
Partnerships Noteworthy existing relationships and potential for many more 12
Slide 13: Existing partnerships support certepetide's promise and broad applicability
Existing partnerships support certepetide’s promise and broad applicability Partnerships 13 R&D alliances contribute resources with minimal commercial interest in certepetide Australasian Gastro-Intestinal Trials Group - Clinical Trialists Consortium (Australia & New Zealand) WARPNINE - Foundati
Slide 14: Certepetide Strong Scientific Foundation and Rationale
14 Certepetide Strong Scientific Foundation and Rationale
Slide 15: Certepetide mechanism of action: Unique, multi-step approach
Certepetide mechanism of action: Unique, multi-step approach Certepetide - Strong Scientific Foundation and Rationale 15 1 Integrin binding 2 Proteolytic cleavage 3 Neuropilin-1 binding 4 Resulting tumor penetration Bound certepetide is proteolytically- cleaved in the tumor microenvironment (TME) re
Slide 16: Certepetide/iRGD selectively promotes intratumoral penetration
Certepetide/iRGD selectively promotes intratumoral penetration 1 Braun et al., Nature Mater. 2014. 2 Liu, Braun et al., Nature Comm. 2017. 3 Sugahara et al 2010. 16 Certepetide - Strong Scientific Foundation and Rationale Whole body imaging of mice with pancreatic ductal adenocarcinoma (arrow) dosed
Slide 17: Broad applicability & activity of certepetide/iRGD consistently demonstrated
Broad applicability & activity of certepetide/iRGD consistently demonstrated Sampling of >370 scientific publications showing improved survival 17 Certepetide - Strong Scientific Foundation and Rationale Breast cancer + Herceptin®Lung cancer + gemcitabine Zhang, et al., Plos One, 2015 Breast cancer
Slide 18: Certepetide/iRGD improves immunotherapy efficacy in preclinical models
Certepetide/iRGD consistently improves immunotherapy efficacy in multiple preclinical solid tumor models 18 Solid Tumor Types Intrahepatic cholangiocarcinoma Pancreatic adenocarcinoma Prostate cancer Breast cancer Non-Small Cell Lung Cancer Gastric cancer Hepatocellular carcinoma Precl
Slide 19: Certepetide improves immunotherapy impact in cholangiocarcinoma
Certepetide improves immunotherapy impact in cholangiocarcinoma 19 Certepetide - Strong Scientific Foundation and Rationale Intrahepatic cholangiocarcinoma (ICC) has an immunosuppressive TME and a dense desmoplastic stroma with abnormal vasculature which together impede anti-cancer agent efficacy
Slide 20: iRGD enhances selective tumor penetration of trastuzumab
iRGD enhances selective tumor penetration of trastuzumab Mouse model injected with human BT474 breast tumors Panel A shows greater staining for trastuzumab in breast cancer tissue with iRGD Panel B shows remarkable selectivity for tumor tissue with iRGD Panel C shows iRGD co-administered with
Slide 21: Certepetide development strategy: A two-pillar approach
Certepetide development strategy: A two-pillar approach 21 Certepetide - Strong Scientific Foundation and Rationale Pursue rapid global registration in mPDAC, initially combined with gemcitabine/nab-paclitaxel standard-of- care (SoC) Positive ASCEND Phase 2b cohort A data Cohort B data planned f
Slide 22: Positive Clinical Results Through Phase 2b
Positive Clinical Results Through Phase 2b 22
Slide 23: Certepetide improved survival in mPDAC in two Phase 1b/2a trials
23 Positive Clinical Results Through Phase 2b Certepetide improved survival in mPDAC in two independent, multicenter Phase 1b/2a trials 1 Von Hoff D, et al., New England Journal of Medicine, 2013. 2 Dean A, et al., The Lancet Gastroenterology & Hepatology, 2022 3 QILU Pharmaceutical 0.5 2.5 4.5 6.5
Slide 24: Certepetide demonstrated internal consistency in two Phase 1b/2a trials
Certepetide demonstrated internal consistency in two Phase 1b/2a trials 1 Von Hoff D, et al., New England Journal of Medicine, 2013. 2 Dean A, et al., The Lancet Gastroenterology & Hepatology, 2022 3 QILU Pharmaceutical 24 Complete Response Partial Response Objective Response Rate Disease Control Ra
Slide 25: Remarkable evidence of certepetide activity in other solid tumors
Remarkable evidence of certepetide activity in other solid tumors Certepetide potentiated a complete response in metastatic gastroesophageal adenocarcinoma (mGEAC) FDG-PET* scan June 2022 FDG-PET scan Sept. 2022 Reduction in FDG activity demonstrated(1) 53-year-old male with mGEAC with significant
Slide 26: ASCEND: Phase 2b study of certepetide in mPDAC
ASCEND: Phase 2b study of certepetide in mPDAC Sponsor: Australasian Gastro-Intestinal Trials Group (AGITG) and NHMRC Clinical Trials Centre of University of Sydney (Australia) • Lisata-funded, data contractually sponsor- controlled • Restricts initial public announcement of results to scientific
Slide 27: ASCEND: Preliminary Cohort A progression-free survival data
ASCEND: Preliminary Cohort A progression-free survival data Cohort A ONE IV PUSH OF CERTEPETIDE + SoC Cohort A powered for 6-month PFS No statistically significant improvement shown with certepetide Data mature - 91% (86 out of 95 patients with Progressive Disease or Death) Cohort A: Progressi
Slide 28: ASCEND: Preliminary Cohort A overall survival data
ASCEND: Preliminary Cohort A overall survival data 28 Cohort A ONE IV PUSH OF CERTEPETIDE + SoC Cohort A not powered for OS Data mature - 76% (72 deaths out of 95) mOS numerically favors certepetide (12.68 vs. 9.72 months); separation occurs at 7 months similar to NAPOLI-3 Cohort A ORR* data
Slide 29: Certepetide improves clinical outcomes in mPDAC with benign safety profile
Certepetide improves clinical outcomes in mPDAC with benign safety profile Certepetide Clinical Data Summary to Date Two Phase 1b/2a clinical trials (CEND1-001 in Australia and CEND1-201 in China) demonstrate that certepetide plus SoC chemotherapy improves overall survival in metastatic PDAC akin
Slide 30: Positive Early Clinical Results in Combination with I/O
Positive Early Clinical Results in Combination with I/O 30
Slide 31: iLSTA Phase 1b/2a study design
Cohort 2 Gemcitabine + nab-paclitaxel + LSTA1 + Placebo durvalumab N=5 Cohort 1 Gemcitabine + nab-paclitaxel + Placebo LSTA1 + Placebo durvalumab N=5 Cohort 3 Gemcitabine + nab-paclitaxel + LSTA1 + durvalumab N=up to 20 12 weeks 8 weeks tumor burden assessments until 24 months or recurrence 12 month
Slide 32: Preliminary Efficacy as of May 2025 – Best Overall Response Rate
Preliminary Efficacy as of May 2025 – Best Overall Response Rate *N=20 patients treated: N=1 patient (032) without baseline measurement Cohort 3: 11/16 with PRKey: Stable disease Partial response Complete response Cohort 1 Cohort 2 * Cohort 3: Overall Response Rate 69% Disease Control Rate 100% Pe r
Slide 33: Attractive Commercial Opportunity
Attractive Commercial Opportunity 33
Slide 34: Certepetide can be used throughout the mPDAC treatment paradigm
Patient with mPDAC Diagnosis Poor Patient Functional Status Good Patient Functional Status Gemcitabine + Nab-paclitaxel Gemcitabine + Nab-paclitaxel First-Line (1L) First-Line (1L) Disease Progression FOLFIRINOX or NALIRIFOX FOLFIRINOX or FOLFIRI or FOLFOX or NALIRIFOX Second-Line (2L) Second-Line (
Slide 35: Certepetide's broad value proposition beyond mPDAC
Certepetide’s broad value proposition beyond mPDAC Breadth of Applicability Certepetide’s Commercial Prospects Oncologic applications: Locally advanced PDAC - a population recognized as non- responsive to checkpoint inhibition - Improved clinical outcomes demonstrated Metastatic gastroesophageal
Slide 36: Certepetide special regulatory designations and benefits
Certepetide special regulatory designations and benefits 36 FDA Fast Track Designation • Pancreatic cancer (FDA) Eligible for Accelerated Approval, Priority Review and Rolling Review Provides for program-specific guidance from and frequent communication with FDA Orphan Drug Designations • Pancre
Slide 37: Poised for Global Phase 3 Initiation
Poised for Global Phase 3 Initiation 37
Slide 38: Requisite clinical development steps completed in preparation for Phase 3 trial
Requisite clinical development steps completed in preparation for Phase 3 trial Full NDA-ready preclinical toxicology package no DLTs observed Phase 1 dose ranging study in 1L mPDAC No DLTs observed; safety profile consistent with co-administered SoC Certepetide improved all efficacy endpoints
Slide 39: Phase 3 study design agreed with FDA
Phase 3 study design agreed with FDA Global Phase 3, open-label, randomized clinical trial evaluating the efficacy and safety of certepetide in combination with standard of care (gemcitabine and nab-paclitaxel) vs. standard of care alone in patients with 1L mPDAC N=657 patients (+/- 50 depending
Slide 40: Certepetide Development Portfolio
40 Certepetide Development Portfolio
Slide 41: Certepetide capital efficient clinical development plan
Certepetide capital efficient clinical development plan Certepetide – Clinical / Regulatory Development Portfolio 41 Sponsor(s) Indication Description Current Phase Phase 1 Phase 2 Phase 3 AGITG/Lisata First-line mPDAC ASCEND: Phase 2b, placebo-controlled trial (N=158) Gemcitabine/nab-paclitaxel
Slide 42: Certepetide preclinical activities and results
Certepetide preclinical activities and results Sponsor(s) Indication Objective and Description Results University of Cincinnati/Lisata Endometriosis Assess the therapeutic effect of adding certepetide to bevacizumab (VEGF inhibitor) on the size and number of endometriotic lesions. Certepetide + be
Slide 43: Clinical Development Milestones
Clinical Development Milestones 43
Slide 44: A wealth of anticipated key certepetide clinical milestones
A wealth of anticipated key certepetide clinical milestones Clinical Development Milestones 44 2Q 2023 3Q 2023 4Q 2023 1Q 2024 2Q 2024 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 ASCEND [AUS, NZ] First-line mPDAC BOLSTER [USA] First- and second-line CCA CENDIFOX [USA] Pancreatic,
Slide 45: Financial Summary
45 Financial Summary
Slide 46: Capital projected to fund all clinical programs to data
Capital projected to fund all clinical programs to data Financial Summary 46 $25.8M Cash & Investments As of 3/31/2025 $0 Debt 4Q2026 Projected Cash Runway into Common Shares Outstanding (3/31/2025): 8.6 million shares Options Outstanding (3/31/2025): Exercise Price: $0.02 - $4.22 = 1,310,700 shares
Slide 47: Key factors supporting investment in Lisata Therapeutics
* As of 3/31/2025; includes investments Key factors supporting investment in Lisata Therapeutics 47 Strong Investment Rationale PEOPLE Seasoned management with successful international drug development experience and expertise INTELLECTUAL PROPERTY Proprietary field- leading technology with global I
Slide 48: Investor Relations Contact
© L i s a t a T h e r a p e u t i c s , I n c . 2 0 2 5 . A l l r i g h t s r e s e r v e d . Investor Relations Contact: John D. Menditto VP, IR & Corporate Communications Tel: (908) 842-0084 | Email: jmenditto@lisata.com Nasdaq: LSTA | www.lisata.com Targeted Therapy Delivered
Slide 49: Appendix
Appendix 49
Slide 50: Certepetide capital efficient clinical development plan
Appendix Certepetide capital efficient clinical development plan Development Partner(s) [Development Venue] Indication and Trial Product/Comparator Stage of Development Strategic Rationale Lisata/AGITG [Australia/New Zealand] First-line mPDAC; Gemcitabine/nab-paclitaxel with certepetide or placebo P
Slide 51: ASCEND: Phase 2b, blinded, randomized trial in mPDAC
ASCEND: Phase 2b, blinded, randomized trial in mPDAC 51 Appendix Sponsor/Partner Australasian Gastro-Intestinal Trials Group (AGITG) in collaboration with the NHMRC Clinical Trials Centre at the University of Sydney Lisata funded (LSTA eligible for ~43% rebate on all qualified R&D expenses in AU
Slide 52: ASCEND: Phase 2b, blinded, randomized trial in mPDAC (design)
ASCEND: Phase 2b, blinded, randomized trial in mPDAC Appendix R INTERVENTION Arm (N=60) • Nab-paclitaxel 125 mg/m2 IV • Certepetide 3.2 mg/kg IV • Gemcitabine 1000 mg/m2 IV Dose on days 1, 8, 15 every 28 days CONTROL Arm (N=30) • Nab-paclitaxel 125 mg/m2 IV • Matching certepetide Placebo IV • Gemcit
Slide 53: Phase 1b/2a open-label trial in mPDAC in China (CEND1-201)
Sponsor/Partner Qilu Pharmaceutical (funds all development in China) Objective Evaluate safety, pharmacokinetics and preliminary efficacy of certepetide added to SoC in Chinese patients with mPDAC Design Phase 1b/2a open-label study in advanced mPDAC patients of Chinese ethnicity testing SoC c
Slide 54: Phase 1b/2a open-label trial in mPDAC in China (CEND1-201) schema
7 Day Safety Evaluation Certepetide 1.6 mg/kg + nab-pac* + gem Days 1, 8, and 15 every 28 days Confirm Eligibility Informed Consent Extension Stage mPDAC 1.6 mg/kg certepetide Day 1 Phase 1b/2a study evaluating the safety, pharmacokinetics, and preliminary efficacy of certepetide for injection in Ch
Slide 55: CENDIFOX: Phase 1b/2a trial in pancreatic, colon and appendiceal cancers
Sponsor/Partner University of Kansas Medical Center (Investigator initiated trial in U.S.) KUCC funded; Lisata provides certepetide Objective Evaluate the safety and therapeutic effect of certepetide in combination with neoadjuvant FOLFIRINOX- based therapies and an EGFR inhibitor for the trea
Slide 56: CENDIFOX: Phase 1b/2a study schema
Surgery COHORT 1 Resectable and borderline resectable PDAC Key Objectives: • Pathological response • Immune response pre- & post- treatment • PFS, OS FOLFIRINOX X 3 Cycles (± Panitumumab if RAS/BRAF wildtype - Cohorts 2, 3) Tissue immune profiling Biopsy if archival tissue not available COHORT 2 Col
Slide 57: BOLSTER: Phase 2 blinded, randomized trial in cholangiocarcinoma
Sponsor/Partner Lisata (U.S.) Objective Evaluate the preliminary efficacy, safety and tolerability of certepetide in combination with standards of care in subjects with first- and second-line cholangiocarcinoma Design Phase 2 randomized, double-blind, placebo-controlled, proof-of-concept trial
Slide 58: BOLSTER: Phase 2 trial schema
Dosed on Days 1, 8 every 21 days X 8 cycles Disease Progression Response rates Safety Confirm Eligibility Informed Consent Survival Analysis Certepetide + cisplatin/gemcitabine/durvalumab 72-hour run-in without SoC 1st line Cholangiocarcinoma (CCA) Placebo + cisplatin/gemcitabine/durvalumab R Phase
Slide 59: Phase 2 double-blind, placebo-controlled trial in mPDAC in China
Sponsor/Partner Qilu Pharmaceutical (funds all development in China) Objective Further evaluate safety and therapeutic efficacy of certepetide when added to SoC in Chinese patients with locally advanced unresectable mPDAC Design Phase 2b, double-blind, placebo-controlled, randomized study eval
Slide 60: Phase 2 blinded, placebo-controlled trial in mPDAC in China schema
Days 1, 8, 15 and every 28 days Disease Progression Response rates PFS Safety Gemcitabine + Qilu produced nab-paclitaxel + certepetide 3.2 mg/kg Confirm Eligibility Informed Consent 1:1 Survival AnalysismPDAC R Gemcitabine + Qilu produced nab-paclitaxel + placebo N=48 N=48 Phase 2b, double-blind, pl
Slide 61: iLSTA: Phase 1b/2a trial in locally advanced PDAC with chemo & IO
Sponsor/Partner WARPNINE, Inc. (registered charity in Australia) is funding trial Lisata providing study drug Objective Evaluate safety and therapeutic effect of LSTA1 in combination with IO & Chemo in locally advanced non-resectable pancreatic ductal adenocarcinoma (PDAC); determine if inoper
Slide 62: iLSTA study schema
Cohort 2 Gemcitabine + nab-paclitaxel + LSTA1 + Placebo durvalumab N=5 Cohort 1 Gemcitabine + nab-paclitaxel + Placebo LSTA1 + Placebo durvalumab N=5 Cohort 3 Gemcitabine + nab-paclitaxel + LSTA1 + durvalumab N=up to 20 12 weeks 8 weeks tumor burden assessments until 24 months or recurrence 12 month
Slide 63: Preliminary iLSTA Trial Results
Preliminary iLSTA Trial Results Poster at 2025 ASCO GI Symposium Appendix 63An abstract with a detailed summary of the poster presentation is also available on the ASCO GI website: https://meetings.asco.org/abstracts-presentations/241611
Slide 64: Phase 2a trial of certepetide with SoC in first-line GBM
Sponsor/Partner Tartu University Hospital (Investigator initiated trial in Estonia, Latvia and Lithuania) Lisata providing study drug and funding trial Objective Evaluate safety, tolerability, and therapeutic effect of certepetide in combination with standard-of-care (temozolomide) in patients
Slide 65: Phase 2a trial of certepetide with SoC in first-line GBM schema
Days 1, 2, 3, 4, 5 and every 28 days for 6 cycles Disease Progression Response rates Safety Temodar® + certepetideConfirm Eligibility Informed Consent 2:1 Survival Analysis 72-hour Run-in without SoC Newly Diagnosed GBM R Temodar® + certepetide matching placebo N=18 N=9 Phase 2a proof-of-concept dou
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