MP corporate presentation - Investors

Developing multi‐benefit DARPin® therapies to improve health and advance modern medicine
Corporate Presentation
April 2015
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Confidential ‐ 2
Developing multi‐benefit DARPin® therapies to improve health and advance modern medicine
Corporate overview
• Assets in ophthalmology, oncology and immunology
• Pipeline of 4 DARPin® product candidates and several research programs
• Abicipar (partnered with Allergan) is expected to enter Phase III in wet AMD in Q2 2015
• Proprietary assets in oncology and ophthalmology
• DARPin® technology platform
• Multiple partnerships with blue chip pharma companies
• c.CHF 164 million non‐equity funding collected1
• c.CHF 3.0 billion milestone potential2
• Up to double‐digit royalties in all partnerships
• Financials
• CHF 106.2 million raised in IPO on SIX Swiss Exchange (ticker: MOLN); 2nd largest Biotech IPO in Europe 2014; 1st Biotech IPO in Switzerland for 5 years
• CHF 188.4 million in cash at hand as of Dec 31, 2014 with multiple years of runway
• Debt free balance sheet
1
up until Dec 31, 2014; 2 Assumes exercise of all options for additional programs and attainment of all research option fees, preclinical milestones, development milestones and full commercial milestones for the maximum number of products; Confidential ‐ 4
Strong management team includes DARPin creators
Dr. Christian Zahnd, CEO
•
Founder, board member
•
PhD in Molecular Biology from University of Zurich
Dr. Patrick Amstutz, COO
•
Founder
•
PhD in Molecular Biology from University of Zurich
Dr. Andreas Harstrick, CMO
•
MD, 28 years of experience in Oncology
•
Senior executive roles at Merck‐Serono, Imclone, Eli Lilly
•
Several approved biologicals (e.g. Erbitux, Cyramza)
Dr. Michael Stumpp, CSO
•
Founder
•
PhD in Molecular Biology, Postdoc from University of Zurich
Andreas Emmenegger, CFO
•
Previously with Roche and Glycart
•
Ex‐CFO of two listed companies, including IPO
From left to right: Dr. Stumpp, Mr. Emmenegger, Dr. Amstutz, Dr. Zahnd
Not on picture: Dr. Andreas Harstrick
Confidential ‐ 5
Experienced and independent board of directors
Jörn Aldag (Chairman)
Steve Holtzman (Non‐executive director)
• CEO uniQure, Ex CEO Evotec
• EVP BD Biogen, Founder and Chairman of Infinity, Ex CBO of Millenium
Christian Zahnd (CEO)
Francesco de Rubertis (Investor)
• CEO Molecular Partners, Founder
• Index Ventures
Göran Ando (Non‐executive director)
Petri Vainio (Investor)
• Chairman Novo Nordisk, Ex CEO Celltech, Ex CSO Pharmacia
• Essex Woodlands Ventures
Bill Lee (Non‐executive director)
Andreas Plückthun (Founder)
• SVP Research Gilead, part of the Gilead team from the start
• Professor UZH, co‐founder of Morphosys
Confidential ‐ 6
Broad pipeline addressing high value end markets
Immu‐
nology
Oncology
Ophthalmology
Description
Area
Target
Abicipar
wet AMD
VEGF
Abicipar
DME
VEGF
multi‐DARPin® VEGF/PDGF
wet AMD
3 programs
n.d.
n.d.
2 programs
n.d.
n.d.
MP0250
solid tumors
VEGF/HGF
MP0274
solid tumors
HER2
2 Programs
immuno‐
oncology
n.d.
Multiple programs
DARPin®‐Toxins
n.d.
Program
Immunology
n.d.
Partner
Preclinical development
Clinical development
Discovery
Phase I
Preclinics
Phase II
Phase III
Phase III start expected in Q2 2015
Phase II study started in July 2014
VEGF/PDGF
Phase I study started in July 2014
Lighter shading indicates research program
Confidential ‐ 7
Unlocking value in partnerships
• Validation of the DARPin® approach
Comments
• All partnerships expanded over time
• Validation of the technological approach
• Upfront: CHF 99.7 million¹
Ophthalmology
• Milestones: c.CHF 1.8 billion2,3,4
• Attractive economical value
• Royalties: up to double‐digit3
• Significant revenue potential
• Upfront: up to CHF 55 million
• Strong long‐term value retention
• Milestones: c.CHF 1.0 billion4
• Development costs borne by partner
Oncology
• Significant upfront and milestones
• Potential for further partnerships • Unlock the full potential of DARPins®
• Royalties: up to low double‐digit
Immunology
• Royalties: up to low double‐digit
• Option taken for program in Dec 14
• Use of DARPins® in novel fields
• Increase speed to market
c.CHF 3.0 billion4 in milestone potential
c.CHF 164 million5 in non‐equity funding collected
1 as per audited accounts; USD 45 million (CHF 38.8 million) for Abicipar and USD 62.5 million (CHF 60.9 million) for multi‐DARPin® VEGF/PDGF and discovery alliance; 2 Exchange rate as of 31 Dec 2014: CHF/USD: 1.0064; USD 375 million (CHF 373 million) for Abicipar and USD 1.4 billion (CHF 1.4 billion) for multi‐DARPin® VEGF/PDGF and discovery alliance; 3 Co‐funding option for significant step‐up in royalties on multi‐DARPin® VEGF/PDGF; 4 Assumes exercise of all options for additional programs and attainment of all research option fees, preclinical milestones, development milestones and full commercial milestones for the maximum number of products; 5 up until Dec 31, 2014; Confidential ‐ 8
Key investment highlights
• Most advanced product candidate Abicipar partnered with Allergan expected to enter Phase III development in Q2 2015 in wet AMD
• Broad pipeline of 4 DARPin® product candidates and several research programs targeting high value indications
• Proprietary portfolio of multi‐benefit product candidates in oncology with MP0250 in Phase I development for solid tumors
• Partnerships with blue chip pharma companies: Roche (oncology), Allergan (ophthalmology) and Janssen (immunology)
• Robust compound engine based on highly efficient DARPin® discovery and preclinical development
• Entrepreneurial and collaborative management team who are pioneers in the DARPin® space
Confidential ‐ 9
Abicipar
Retinal diseases – Unmet medical need remains
• Large and growing market opportunity in wet age‐
related macular degeneration (wet AMD) and diabetic macular edema (DME)
• Annual sales in 2013: USD 6.0 billion1
• Expected sales in 2016: USD 8.4 billion (12% CAGR)2
wet AMD
Normal vision
• Standard of care drugs administered by frequent E
injection into the eye
• 4 wk dosing3 for Lucentis, Avastin4
• 8 wk dosing5 for Eylea
• Unmet medical need for new wet AMD/DME F P
therapeutics with: T O Z
• Less frequent injections
L P E D
• Greater vision gains
P E C F D
E
• Quality of life issues (travel, lost wages)
D
F
C
Z
P
F E L O P Z D
Source: 1 Represents 2013A global sales of Eylea® (USD 2.0 billion) and Lucentis® (USD 3.8 billion) and other products (USD 0.3 billion) in wet AMD and DME as reported by EvaluatePharma® a service of Evaluate Ltd. (UK), www.evaluategroup.com, accessed [28 Aug.2014]; 2 EvaluatePharma® a service of Evaluate Ltd. (UK), www.evaluategroup.com, accessed [28 Aug.2014]; Estimated expected sales in 2016 do not include off‐label use of Avastin; 3 PRN dosing under some European labels; 4 off‐label use; 5 Dosing interval following 3 initial loading doses
Confidential ‐ 11
Abicipar – VEGF blocker with potential for less frequent dosing and higher vision gain
Abicipar
Product
•
Mono‐DARPin® blocking VEGF
•
Collaboration with Allergan
•
Low double digit to mid‐teen royalties and up to USD 375 million in additional milestones • USD 225 million in development and regulatory milestones, USD 150 million in sales milestones
•
Tested in more than 240 patients to‐date
Indications and markets
•
Wet AMD and DME Phase and timing
•
Wet AMD: Initiation of pivotal Phase III study expected in Q2 2015
•
DME: Phase II study initiated in July 2014
Differentiation
•
Potential for less frequent injections than competitors (long intra‐vitreal half‐life)
•
Potential for higher efficacy and higher vision gain
Confidential ‐ 12
Phase 2 Study: REACH, Stage 3 study design
Assessing dose level, vision gain and dosing frequency
Abicipar
Week BL
4
8
12
16
Abicipar (2 mg)
Abicipar (1 mg)
Lucentis® (0.5 mg)
n1=64 (3:3:2)
No Abicipar administered
BL
Baseline and Randomization
Sham Treatment
No Treatment
Treatment administered
Source: Allergan
1 Study not powered to reach statistical significance
Confidential ‐ 13
20
REACH, Stage 3 – Abicipar data presented at ASRS
Abicipar
Change of best‐corrected visual acuity (BCVA) 1,2
Summary of efficacy and safety data
Vision gain Safety
(letters)
# AEs3 of ocular
WK16 WK20 inflammation
n = 23
n = 25
Abicipar 2.0mg
8.2
9.0
2
Abicipar 1.0mg
6.3
7.1
3
Lucentis 0.5mg
5.3
4.7
0
n = 16
Dosing:
Source: Allergan, 12 August 2014
1 Study not powered to reach statistical significance; 2 Mean visual acuity improvement from baseline (letters); 3 AE: adverse event; 4 BCVA: best corrected visual acuity Confidential ‐ 14
Strong support by Allergan and Actavis
“I think as you look at the Allergan products specifically, probably DARPin is the one that I don't think gets enough credit and perhaps that's because it comes in at the ending of the planning period and we're looking at”
“When I was at Bausch & Lomb, we tried to buy DARPin as well and missed out on it to [Allergan and its CEO David Pyott]. But this is an area that is growing; [AMD is] a horrific disease and if we can reduce the injection burden for patients, then you really could have a potential blockbuster"
Brent Saunders, CEO Actavis, 17 November 2014
“Mr. Saunders praised Allergan's R&D pipeline […]. He was particularly impressed with Allergan's ophthalmology portfolio, including the DARPin program for age‐related macular degeneration (AMD)“
Mandy Jackson, Scrip Intelligence, 18 November 2014
“DARPin® could provide the next leap in treatment duration & has c. $ 20 billion in potential cumulative 10 year sales (excl. dual‐DARPin®)”
David Pyott, CEO Allergan, 30 June 2014
Confidential ‐ 15
DARPins:
Multi‐benefit products
Confidential ‐ 16
Mono‐DARPins®: Next generation biologics • Tailor‐made binding proteins derived from natural ankyrin repeat proteins
• Fast and robust DARPin® generation process
• Selection of mono‐DARPins® from large DARPin® libraries (display technologies)
mono‐DARPin® • Versatile building blocks with pronounced class behavior
• Small size (14‐18 kDa)
good tissue penetration
• High potency (<5‐100 pM)
active at low concentration
• High stability
long shelf‐life
• High solubility (> 100 mg/ml)
ideal drug properties
• Bacterial production (7‐15g/L)
rapid and low‐cost production
• PK properties (min – weeks)
adjustable to patient need • Class behavior high developability
DARPin inhibiting a target
Confidential ‐ 17
From next generation therapeutics to multi‐
benefit therapies
PEG
Robust
DARPin® toolbox
Mono‐DARPins®
Next‐generation conventional therapeutics
Multi‐benefit DARPins®
Unlocking the potential of multifunctional therapeutics Single pathway
• Overcome limitations of current
therapies
• Low risk due to validated biology • Clear differentiation
Single target
• Target multiple binding‐sites on one target
• Act through novel mechanism of action
Example:
• Abicipar
Example:
• MP0274
Confidential ‐ 18
Multiple pathways
• Block multiple targets in parallel
• Block evasion/resistance mechanisms
Example:
• MP0250
• multi‐DARPin® VEGF/PDGF
Strong IP protection of DARPin® technology platform and product candidates • Novel substance class – no antibody‐related royalty burden
• Exclusive license for DARPin® base technology from the University of Zürich
• Standard DARPin® process development with public domain technologies
• DARPin® know‐how kept as trade secret
• IP protection for the DARPin® technology and key mono‐DARPins®
• Patent applications claim composition of matter for key mono‐DARPins® and certain DARPin® product candidates
• Multi‐layer patent protections allows late filing of composition of matter patent leading to long patent protection of DARPin products Confidential ‐ 19
Multi‐Benefit DARPins:
Ophthalmology
Multi‐benefit DARPin® targeting VEGF and PDGF
multi‐DARPin® VEGF/PDGF
Product • Multi‐DARPin®: blocking VEGF and PDGF
• Collaboration with Allergan – tiered royalties into the low double‐digit range and c.USD 1.4 billion in potential additional milestones (including discovery alliance)1
• Co‐funding option for significant step‐up in royalties
Indications and markets
• Wet AMD Phase and timing
• Preclinical development
Differentiation
• Potential for greater vision gain
• Opportunity to take treatment holidays
1
Assumes exercise of all options for additional programs and attainment of all research option fees, preclinical milestones, development milestones and full commercial milestones for the maximum number of products
Confidential ‐ 21
Multi‐DARPin VEGF/PDGF targets validated pathways and has the potential to be highly differentiated multi‐DARPin® VEGF/PDGF
Mean change in VA (letters) – Baseline to Week 24
Validation of PDGF as target in wet AMD –
Fovista Phase II results by Ophthotech2
Differentiation of multi‐DARPin® VEGF/PDGF
• Large end market potential
• Treatment for most severe cases of wet AMD
10.61
• Mechanism of action validated by Fovista
8.8
• Regression of new blood vessels through destabilization of pericytes
6.5
• Aptamer blocking PDGF validates approach but needs injection on top of anti‐VEGF therapy
• Potential to become best in class
• Fewer injections
• No co‐formulation needed
1.5mg Fovista™
+ Lucentis®
0.3mg Fovista™
+ Lucentis®
Lucentis®
Source: Ophthotech (2012)
1 P=0.0190 compared to 6.5 letters for patients receiving Lucentis® (baseline line to week 24); 2 Ophthotech; 3 Based on Company data
Confidential ‐ 22
Multi‐Benefit DARPins:
Oncology
Current limitations in cancer therapy
• Significant burden on health system –> USD 100 billion in the US alone in 20101
Control
Proliferation
Metastasis
Micro‐environment signaling
Tumor cell invasion
• Complex, multi‐factorial tumor biology limits treatment
• Current “targeted” therapies alone work for some cancers – but are the exception
What is needed?
Apoptosis
Tumor cell killing
Immune system Regression
Activation
 Synergistic targeting of multiple pathways
 Low toxicity and potential for combination therapy  Novel approaches with high specificity
Source: EvaluatePharma® a service of Evaluate Ltd. (UK), www.evaluategroup.com, accessed [28 Aug.2014]; Reichert, Nature Biotechnol. 23, 1073‐78 (2005), International agency for research on cancer, IMS; 1National Cancer Institute
Confidential ‐ 24
MP0250 – Multi‐benefit DARPin® blocking VEGF and HGF (Phase I, proprietary)
MP0250
Product
• Multi‐DARPin®: blocking VEGF and HGF and binding to human serum albumin
• Molecular Partners has full commercial rights
Indications and markets
• Solid tumors such as liver, renal and gastric cancers
Phase and timing
• Clinical development started in July 2014 in solid tumors (est. recruitment of 54 patients)
• Initial top‐line safety and efficacy data expected in 2015
Differentiation
• First biologic targeting both VEGF and HGF – blocking tumor growth and spreading
• Low toxicity of MP0250 expected to allow for combination with chemotherapy or tyrosine kinase inhibitors (TKIs)
• Potential PFS (progression free survival) benefit vs. anti‐VEGF mAbs
Confidential ‐ 25
MP0250 data is equal or superior to clinical standard of care in all tested PDX models1,2
MP0250
Performance of MP0250 vs. Sorafenib as mono‐
therapy
Performance of MP0250 in combination with Paclitaxel
PDX: Renal cancer PDX: Gastric cancer
RXF 2264
GXA 3027
Source: Presented by the company at ASCO, 2014
1 Company preclinical data. Antitumor activity of MP0250, a bispecific VEGF‐ and HGF‐targeting DARPin, in Patient‐Derived Xenograft models (Abstract), ASCO, 2014; 2 MP0250 also tested in preclinical models in liver cancer and lung cancer, which are not depicted above
Confidential ‐ 26
Limitation of current therapies open commercial opportunity for MP0250 MP0250
Estimated WW Market size (USD)1
Marketed therapies
VEGF / HGF rationale (+/+)
Potential for combination therapy
Avastin® failed3
Gastric
1.1 billion
Herceptin®
Cyramza®
+/+


Liver 0.8 billion
Nexavar® +/+


Renal cell carcinoma
3.7 billion
Avastin®
Sutent®
+/+
-
-
Colorectal 7.7 billion
Avastin®
Erbitux®
Others2
+/+

-
Ovarian
0.2 billion
Avastin®
+/?
-
-
Gliobastoma
0.8 billion
Avastin®
+/?
?
-
Cancer type
Source: 1Market figures as per EvaluatePharma® a service of Evaluate Ltd. (UK), www.evaluategroup.com, accessed [28 Aug.2014]; 2 Includes Stivarga, Zaltrap and Vectibix; 3  refers to indication in which Avastin® trial results were inconclusive or otherwise did not meet primary outcome objective
Confidential ‐ 27
MP0274 – Multi‐benefit DARPin® with broad anti‐
HER activity (proprietary) MP0274
Product
• Multi‐DARPin® blocking HER2 and HER3 signaling
• Molecular Partners has full commercial rights
Indications and markets
• In HER2+ patients including those with low levels of HER2 expression
Phase and timing
• In preclinical development
• Expected to enter clinical development in 2016
Differentiation
• Inhibits downstream‐signaling of HER2 and HER3
• Potentially induces tumor apoptosis and blocks proliferation
• Potentially higher cancer killing of MP0274 than Herceptin®
Confidential ‐ 28
MP0274 – Differentiation potential based on pre‐
clinical studies1
MP0274
Tumor cell apoptosis
• Higher cell‐killing than Herceptin and Perjeta in preclinical models
• Increased potency relative to current HER2‐targeted therapies
• Potential to benefit a broader spectrum of cancer patients
Tumor volume
• Treatment for low HER2 expressers
• Improved treatment for HER2 overexpressers
Source: Company information
1 Company preclinical data. Antitumor activity of MP0274, anti‐HER2 VEGF‐ and HGF‐targeting DARPin
Confidential ‐ 29
No marketed therapy for low HER2 is opportunity for MP0274
MP0274
HER2 Sub‐group Marketed therapies
Est. percentage of patients
HER 2+
Rationale
Potential opportunity for MP0274
High HER2+
Herceptin® / Perjeta®
Kadcyla®
20‐302,3,4

-
Low HER2+
‐
40‐50%3


Negative
Afinitor®
10‐20%4
-
-
Estimated WW market1 (USD)
HER2 Sub‐group Marketed therapies
Est. percentage of patients
HER 2+
Rationale
Potential opportunity for MP0274
Gastric
1.1 billion Positive
Herceptin®
15‐20%5


Ovarian 0.2 billion
Positive
20‐30%6


6‐20%7


<5%8


Cancer type
Breast
Other Cancer types
Colorectal
Estimated WW market1 (USD)
11.5 billion
7.7 billion
Positive Avastin®
(not HER2 specific)
Avastin®
Erbitux®
(not HER2 specific)
Pancreatic 0.6 billion
Positive Abraxane®
(not HER2 specific)
Source: 1 EvaluatePharma® a service of Evaluate Ltd. (UK), www.evaluategroup.com, accessed [28 Aug.2014]; 2Metastatic Breast Cancer; 3”A bivalent HER2 targeting DARPin® with high efficacy against HER2‐low and HER2‐positive tumors”, Cancer Research (2013); 4Breastcancer.org; 5”HER2 Testing in Gastric Cancer”, Modern Pathology, 2012; 6 “HER2 in Ovarian Cancer”, Genentech 2014; 7 “HER2 Status in Colorectal Cancer: Its Clinical Signficance and the Relationship between HER2 Gene Amplication and Expression,” 2014; 8 “Potential treatment for a specific kind of pancreatic cancer”, Science Daily, 2013
Confidential ‐ 30
DARPins® with potential to go beyond –
Expanding our reach into emerging areas
• Molecular Partners explores approaches with Immune checkpoint modulators
game‐changing potential with DARPins® in oncology
• Potential to address fields alone or with partners
• Immune‐oncology as key focus area
• Immune checkpoint modulators (ICM) show potential to revolutionize oncology (e.g. mono‐
targeting PD‐1)
• Multi‐benefit DARPin® approach could have the potential to unlock the complex ICM signaling network
• DARPin®‐toxin fusions
• DARPins® allow combination with different toxins
DARPin®‐toxin conjugate
Confidential ‐ 31
Financials
Confidential ‐ 32
Financial Summary
(CHF million; as per IFRS)
FY 2011
FY 2012
FY 2013
FY 2014
18.1
35.6
32.4
26.6
Total expenses1
(20.8)
(21.2)
(25.3)
(24.8)
Operating Profit (Loss)
(2.7)
14.4
7.1
1.8
2.0
(1.1)
0.0
(4.1)2
Net Profit (Loss)
(0.7)
13.3
7.1
(2.3)
Net cash from (used in) operations
28.5
54.0
(13.6)
(11.3)
Cash & cash equivalents
64.2
113.2
96.1
188.4
Revenues
Net finance income (expenses)
1 Thereof non‐cash costs of CHF 1.7m in FY2011, CHF 1.1m in FY2012, CHF 0.9m in FY2013 and CHF 2.6m in FY2014
2 Including CHF 7.1m IPO costs and CHF 2.6m currency gains
Confidential ‐ 33
Balance sheet
Balance sheet as of Dec 31, 2014 (CHF million)
Comments
• Strong balance sheet
194.0
Other assets 5.6
194.0
• CHF 188.4 million cash & cash equivalents Other liabilities 6.6
(97% of total assets)
Deferred revenues 38.9
• Solid equity base
• Debt free
• CHF 38.9m deferred revenues to be recognized as revenue in coming years
Cash & cash equivalents
188.4 Assets
Shareholders' equity
148.5 Shareholders' equity & liabiliites
Confidential ‐ 34
Funding overview
Funding since inception (CHF million)
0.7
Highlights
• CHF 324.3 million funding since inception from both capital market and business partners2
55.8
• Multiple years of cash runway with 163.7
104.1
CHF 188.4 million cash at hand per Dec 31, 2014
• Debt free balance sheet
• Operating Cash Flow positive since inception on accumulated basis
Cash income from partnerships11
Initial public offering (IPO)11
VC funding
Founder capital
• c.CHF 3.0 billion3 combined milestone potential and up to double‐digit royalties in all partnerships
1 VC funding as net proceeds; IPO as gross primary proceeds
2
3
Up until Dec 31, 2014
Exchange rate as of 31 Dec 2014: CHF/USD: 1.0064; Assumes exercise of all options for additional programs and attainment of all research option fees, preclinical milestones, development milestones
and full commercial milestones for the maximum number of products
Confidential ‐ 35
Shareholder structure
Shareholder structure as of Dec 31, 2014 (in %)
Highlights
• Listed on SIX Swiss Exchange (Ticker: MOLN)
• Included in SPI, SPI Extra, SXI Life Sciences 24%
and SXI Bio+Medtech indices
51%
25%
• 19.6 million shares outstanding
• CHF 494 million market capitalization as of Dec 31, 2014
• Free Float of 24%
pre-IPO investors
Management, Board, Founders
Free float (IPO + non-lockup)
• Customary lock‐up for Management, Board of Directors (12m) and VCs (6m)
Confidential ‐ 36
Financial Guidance for 2015
at constant exchange rates vs. Dec 31, 2014
• Gross cash burn of between CHF 35‐40 million
• Additional capital expenditures of c. CHF 3 million
• Net cash burn depends on cash collections from strategic partners • Non‐cash effective costs for share based payments and pension accounting as per IFRS come on top
• Guidance subject to progress and changes of pipeline
Confidential ‐ 37
Summary
A strong track record of financial and clinical success
2015
IPO on SIX Swiss Exchange
2014
Start Phase I for MP0250
Phase IIb data for Abicipar
Extension of Roche alliance
2013
Phase I/II data of Abicipar in DME
Extension of Allergan and JNJ alliance
2012
Alliance with Allergan
2011
2010
Series B financing Start Phase I for Abicipar
2009
Alliance with Janssen
Roche partnership and Series A Financing
First clinical data for Abicipar
2008
Other milestones
2007
Clinical milestones
Source: Company information
Confidential ‐ 39
Key near term value catalysts
• Start of Abicipar Phase III in wet AMD expected in Q2 2015
• Abicipar Phase II data from BAMBOO/CYPRESS study (establish comparability between Japanese and non‐Japanese patients) in wet AMD
• Abicipar Phase II data from PALM study in DME
• Topline safety and initial efficacy data for MP0250 in solid tumors expected in 2015
• Expect to start clinical development for MP0274 in 2016
• Several upcoming milestone events from partnerships
Confidential ‐ 40
Summary
• Most advanced product candidate Abicipar partnered with Allergan expected to enter Phase III development in Q2 2015 in wet AMD
• Broad pipeline of 4 DARPin® product candidates and several research programs targeting high value indications
• Proprietary portfolio of multi‐benefit product candidates in oncology with MP0250 in Phase I development for solid tumors
• Partnerships with blue chip pharma companies: Roche (oncology), Allergan (ophthalmology) and Janssen (immunology)
• Robust compound engine based on highly efficient DARPin® discovery and preclinical development
• Entrepreneurial and collaborative management team who are pioneers in the DARPin® space
Confidential ‐ 41
Molecular Partners AG
Wagistrasse 14
8952 Zürich‐Schlieren
Switzerland
www.molecularpartners.com