Prelude Therapeutics Incorporated · NASDAQ:PRLD

Prelude Therapeutics — Investor Presentation (November 2021)

36 slides from Prelude Therapeutics's investor presentation, Nov 12, 2021

  1. Slide 1: Corporate Presentation November 2021

    Corporate Presentation November 2021 Exhibit 99.2

  2. Slide 2: Disclaimer

    2 Disclaimer This presentation contains “forward-looking” statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to: our plans to develop and commercialize small molecule therapies, our expectations about timi

  3. Slide 3: Prelude Therapeutics Vision

    Powered by scientists with a track record of delivering precision oncology medicines Discovery Engine 3 Prelude Therapeutics Vision Efficient development path with potential for rapid regulatory approvals Regulatory Strategy Rapidly advancing potentially high value therapy candidates with a commitme

  4. Slide 4: Prelude Discovery and Development Approach

    Focused Clinical Development Optimized for early clinical POC and rapid execution of pivotal trials CHEMICAL LEADS NOVEL INTERVENTION POINTS Medicinal Chemistry Capabilities Rapidly building synthetically complex molecules Cancer Biology & Translational Expertise Deep understanding of oncogenic path

  5. Slide 5: Prelude Therapeutics Pipeline

    5 Prelude Therapeutics Pipeline

  6. Slide 6: Prelude Roadmap for Value Creation

    6 Prelude Roadmap for Value Creation Anticipated 2021/2022 Milestones Future Strategy PRMT5 Report P1 dose expansion data Generate POC in selected patients Leverage initial POC clinical data to inform design of P2 registration studies MCL1 Complete dose escalation and initiate expansion/combination

  7. Slide 7: PRMT5 Programs

    eee Rsy. 56 PRMT5 Programs Prelude

  8. Slide 8: PRMT5 Pathway Drives Oncogenesis and Resistance

    8 PRMT5 Pathway Drives Oncogenesis and Resistance PRMT5 Transcription Factors PRMT5 Spliceosome Histones Transcriptional Control of Oncogenesis and Resistance DNA Repair Genes HRD+ Cancers (e.g., Ovarian, Breast) Oncogenic Drivers (e.g., Myc / Myb) ACC, Lymphomas, Richter’s Splicing Dysregulation /

  9. Slide 9: Prelude PRMT5 Program

    9 Prelude PRMT5 Program Optimized for a well-balanced and differentiated profile Differentiating Mechanism of Action Prelude compounds are co-factor (SAM) competitive inhibitors Substrate competitive Inhibitors PRMT5

  10. Slide 10: PRT543 / PRT811 Differentiated Clinical Stage Oral PRMT5 Inhibitors

    10 PRT543 / PRT811 Differentiated Clinical Stage Oral PRMT5 Inhibitors PRT543 PRT811 Strong scientific rationale for pathway Highly selective and potent oral candidate Optimized PK profile Good oral bioavailability and long half-life (12+ hours) Applicability in both solid tumors and heme malignanci

  11. Slide 11: PRT543/PRT811 Phase 1 Dose Escalation Data

    PRT543 /PRT811 Phase 1 Dose Escalation Data

  12. Slide 12: Study Demographics & Safety

    12 Study Demographics & Safety 49 patients Unselected patient population with 18 different diagnoses 9 colon; 7 ACC; 6 uveal melanoma (2 patients SF3B1+); 5 ovarian cancer (2 patients HRD+) Median of 3 prior lines of systemic therapy PRT543 was well-tolerated Most common TRAEs of any grade in ≥ 5% o

  13. Slide 13: PRT543: Exhibited Target Engagement and Inhibited PRMT5 Activity

    13 PRT543: Exhibited Target Engagement and Inhibited PRMT5 Activity in Phase 1 Dose Escalation Study Dose-Dependent Increases in Cmax and AUC Dose-Dependent Inhibition of Serum sDMA Intron Retention Observed at Higher Dose Levels 45 mg/5x week selected as recommended Phase 2 dose Data presented at 2

  14. Slide 14: PRT543 – Timeline and Clinical Plan

    14 PRT543 – Timeline and Clinical Plan Myeloid Malignancies with Spliceosome Mutations (N~20) Myelofibrosis PRT543 + Ruxolitinib (N~20) Myelofibrosis/MDS Monotherapy (N~40) Dose escalation completed Expansion dose and schedule confirmed Dose expansion cohorts enrolling Dose expansion data readouts a

  15. Slide 15: PRT811: Well-Tolerated with Evidence of Preliminary Clinical Activity

    15 PRT811: Well-Tolerated with Evidence of Preliminary Clinical Activity in Phase 1 Dose Escalation Study *Data as of August 13, 2021 **Data as of September 20, 2021 Data presented at 2021 AACR-NCI-EORTC Annual Meeting 45 patients 27 across 16 unselected advanced solid tumors 18 patients with high-g

  16. Slide 16: PRT811: Exhibited Target Engagement and Inhibited PRMT5 Activity

    16 PRT811: Exhibited Target Engagement and Inhibited PRMT5 Activity in Phase 1 Dose Escalation Study Dose-Dependent Increases in Cmax and AUC Dose-dependent Inhibition of Serum sDMA Intron Retention Observed at Higher Dose Levels Data presented at 2021 AACR-NCI-EORTC Annual Meeting

  17. Slide 17: PRT543 and PRT811: Overall Response and Response Duration

    17 PRT543 and PRT811: Overall Response and Response Duration in Select Patient Cohorts From Dose Escalation Phase †Target lesions assessed using RECIST, except for patient 811-F with glioma assessed by RANO. ‡Data cutoff for PRT543 was 8.6.21, for PRT811 was 8.13.21, and for patient 811-E was 10.8.2

  18. Slide 18: PRT543 and PRT811: Overall Response of Target Lesions

    18 PRT543 and PRT811: Overall Response of Target Lesions (RECIST or RANO) in Select Patient Cohorts From Dose Escalation Phase *Data cutoff for PRT543 was 8.6.21, for PRT811 was 8.13.21, and for patient 811-E was 10.8.21. †Target lesions assessed using RECIST, except for patient 811-F with glioma as

  19. Slide 19: PRT811 – Timeline and Clinical Plan

    19 PRT811 – Timeline and Clinical Plan Dose escalation completed Dose expansion cohorts to begin enrolling Dose expansion data readouts anticipated in 2022 Demonstrate initial clinical proof of concept Design Phase 2/3 studies based on POC data from expansion cohorts Commence Phase 2/3 registration

  20. Slide 20: MCL1 Program

    MCL1 Program Prelude

  21. Slide 21: Prelude MCL1 Program

    21 Prelude MCL1 Program Dysregulated MCL1 expression occurs frequently in cancer MCL1 is a member of BCL2 family of proteins involved in blocking cell death proteins MCL1 is a validated bypass and resistance mechanism for venetoclax (BCL2 inhibitor) and TKIs Currently active competitor compounds are

  22. Slide 22: PRT1419 Differentiated Clinical-Stage MCL1 Inhibitor Candidate

    PRT1419 Differentiated Clinical-Stage MCL1 Inhibitor Candidate 22 MCL1 22

  23. Slide 23: PRT1419: Potential Leading MCL1 Inhibitor

    23 PRT1419: Potential Leading MCL1 Inhibitor Prelude compounds are competitive inhibitors of BIM binding Highly Potent Binding to MCL1 MCL1

  24. Slide 24: PRT1419 Demonstrated Preclinical Activity as Monotherapy and in Combination

    24 PRT1419 Demonstrated Preclinical Activity as Monotherapy and in Combination Monotherapy Combination MCL1

  25. Slide 25: Oral PRT1419 Phase 1 Clinical Trial

    Dose Escalation Expansion Cohorts 25 Oral PRT1419 Phase 1 Clinical Trial CURRENT MCL1 Group A Group B 100mg 1x/wk 200mg 1x/wk 100mg 1x/wk AML (N~20) AML or MDS PRT1419 + Venetoclax or Aza (N~20) NHL (B or T cell Lymphoma) (N~20) Multiple Myeloma (N~20) High Risk MDS (N~20) Recommended Expansion Dose

  26. Slide 26: CDK9 Program

    CDK9 Program PRT2527 Prelude

  27. Slide 27: Prelude CDK9 Program

    27 Prelude CDK9 Program CDK9 phosphorylates RNA Pol II and regulates transcription Regulates expression of several immediate early genes driving oncogenesis and resistance (i.e. MYC, MYB, MCL1) Non-selective CDK9 inhibitors have demonstrated clinical activity in multiple tumor types but poor tolerab

  28. Slide 28: PRT2527: Potent and Highly Selective CDK9 Inhibitor Candidate

    28 PRT2527: Potent and Highly Selective CDK9 Inhibitor Candidate Highly Selective CDK9 Inhibitor Candidate CDK9 Prelude compounds are ATP competitive inhibitors *Internal data; biochemical assay at 1 mM ATP, H929 CTG proliferation assay; **VIP151 was formerly BAY151and licensed to Vincera by Bayer

  29. Slide 29: CDK9 Inhibitor Candidate: PRT2527

    29 CDK9 Inhibitor Candidate: PRT2527 Improved Selectivity Sustained Regressions at Well-Tolerated Doses in Vivo Potent in Vitro Activity CDK9

  30. Slide 30: SMARCA2 Program

    SMARCA2 Program Prelude

  31. Slide 31: SMARCA2 Targeted Degrader Program

    31 SMARCA2 Targeted Degrader Program SMARCA4 and SMARCA2 Regulate Chromatin Accessibility and Gene Expression Loss of SMARCA4 Leads to SMARCA2 Dependency SMARCA2 SMARCA4 MUTANT TUMORS SMARCA2 Degradation Dysfunctional SMARCA4 Synthetic Lethality Tumor Cell Death SMARCA4

  32. Slide 32: PRT-SCA2: Potent Selective SMARCA2 Degraders with In Vivo Activity

    32 PRT-SCA2: Potent Selective SMARCA2 Degraders with In Vivo Activity SMARCA2 Prelude SMARCA2 Degraders Replicate Genetic Synthetic Lethality Sub-Nanomolar Potency for SMARCA2 Degradation Highly Selective for SMARCA2 Degradation %inhibition %Conc(nM) In vitro In vivo

  33. Slide 33: Corporate Highlights

    Corporate Highlights Prelude

  34. Slide 34: Financial Summary

    Financial Summary Shares Outstanding 47.0 million shares voting and non-voting common stock as of Nov 8, 2021 61.0 million shares fully diluted 34 Cash, Cash Equivalents and Marketable securities $320.9 million as of Sept 30, 2021 The Company believes that its current cash, cash equivalents and mark

  35. Slide 35: Prelude Roadmap for Value Creation

    35 Prelude Roadmap for Value Creation Anticipated 2021/2022 Milestones Future Strategy PRMT5 Report P1 dose expansion data Generate POC in selected patients Leverage initial POC clinical data to inform design of P2 registration studies MCL1 Complete dose escalation and initiate expansion/combination

  36. Slide 36: Thank You

    Thank You

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