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1	
  CONFIDENTIAL	
  
Cebix	
  Mission	
  
2	
  
Cebix	
  will	
  develop	
  safe	
  and	
  	
  
effec?ve	
  therapies	
  for	
  the	
  
treatment	
  of	
  long-­‐term	
  	
  
complica?ons	
  in	
  diabetes	
  
Re?nopathy	
  (20%)	
  
Nephropathy	
  
Peripheral	
  Neuropathy	
  
Autonomic	
  Neuropathy	
  
Long-­‐term	
  complica?ons	
  of	
  	
  
Type	
  I	
  Diabetes	
  
(35%)	
  
(50%)	
  
(25%)	
  
3	
  
4	
  
Type	
  I	
  Diabetes	
  
Pro-­‐insulin/C-­‐pep?de	
  
C-­‐pep?de	
  
Insulin	
  
Pro-­‐Insulin	
  
4	
  
C-­‐pep?de	
  is	
  the	
  second	
  hormone	
  
• 	
  	
  Similar	
  to	
  Preglucagon	
  
	
   	
  –	
  Glucagon	
  
	
   	
  –	
  GLP-­‐1	
  and	
  GLP-­‐2	
  
An agent for the treatment of mild to
moderate peripheral neuropathy in type 1
diabetes
The therapy of choice in the treatment of
this significant unmet medical need,
based on improvement of sensory
function
Initial Target Indication
5	
  
Product Profile
C-­‐Pep?de	
  Replacement	
  
C-­‐pep?de	
  influences	
  major	
  
metabolic	
  pathways	
  
Ca2+	
  
MAPK	
  
Na+,	
  K+-­‐	
  ATPase	
   eNOS	
  
Na+	
  
K+	
  
Ca2+	
  
Transcrip?on	
  	
  
factors	
  
NO
NO
	
  G-­‐protein	
  ATF-­‐1	
  
CREB	
  
ZEB	
  
NFκB	
  
PPARγ	

6	
  
35
40
45
50
55
60
65
70
0	
   1	
   2	
   3	
   4	
   5	
   6	
  
Onset	
  of	
  	
  
diabetes	
  
1	
  week	
   2	
  months	
   5	
  months	
  
m/s
Nerve	
  Conduc?on	
  Velocity	
  
8	
  months	
  
C-­‐pep?de	
   C-­‐pep?de	
  
Sima	
  et	
  al	
  2001	
  
Nerve	
  Func?on	
  Improved	
  
Diabe?c	
  rat	
  model	
  
CONFIDENTIAL	
  
Non-­‐diabe?c	
  control	
  
Diabe?c	
  no	
  treatment	
  
Diabe?c	
  +	
  C-­‐pep?de	
  
8	
  
C-­‐pep?de	
  Replacement:	
  
Does	
  it	
  work	
  in	
  Type	
  1	
  
Diabetes	
  pa?ents?	
  
9	
  
Restores	
  sensory	
  nerve	
  conduc?on	
  
Phase	
  2a	
  
Ekberg	
  et	
  al,	
  	
  
Diabetes	
  2003	
  
50
52
54
56
Baseline 6	
  wks 12	
  wks
SCV	
  (m/s)	
  
C-­‐pep?de	
  n=26
Placebo	
  n=23
Healthy	
  Controls	
  
p<0.05	
  
9	
  
C-­‐pep?de	
  Improves:	
  Nerve	
  Conduc?on,	
  Vibra?on	
  
Percep?on	
  &	
  Clinical	
  Status	
  
Phase	
  2	
  
Ekberg	
  et	
  al,	
  	
  
Diab	
  Care	
  2007	
  
Nerve	
  conduc:on:	
  	
  
%	
  pa8ents	
  >1	
  m/s	
  
0
10	
  
20	
  
30	
  
37	
  %	
  
19	
  %	
  
40	
  
	
  p<0.03	
  	
  
N=139	
  Placebo	
  n=	
  47	
  
C-­‐pep?de	
  n=92	
  
p<0.002	
  
Median	
  differences	
  
0.20	
  
0.15	
  
0.10	
  
0.05	
  
0	
  
-­‐0.05	
  
Foot 	
   	
  Leg	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
ns	
  
Vibra:on	
  Percep:on:	
  
Δ	
  VPT	
  (SDS)	
  
0	
  
0.5	
  
1.0	
  
1.5	
  
	
  Clinical	
  Status:	
  
Neurological	
  Impairment	
  
2.0	
  
p<0.01	
  ns	
  
Median	
  differences	
  
Safety	
  profile	
  of	
  C-­‐pep?de	
  
•  6	
  safety	
  pharmacology	
  studies	
  completed	
  
•  5	
  toxicological	
  studies	
  (monkey	
  and	
  rat)	
  
–  Up	
  to	
  60x	
  higher	
  than	
  replacement	
  dose	
  
•  19	
  clinical	
  studies	
  conducted	
  exposing	
  ~300	
  pa?ents	
  
–  Replacement	
  of	
  endogenous	
  levels	
  intended:	
  0.4-­‐	
  6	
  nM	
  
⇒ Benign	
  safety	
  profile,	
  consistent	
  with	
  replacement	
  therapy	
  
CONFIDENTIAL	
   11	
  
12	
  
Development	
  Path	
  Secured	
  
 Unmet	
  medical	
  need	
  
 Biology	
  	
  -­‐	
  	
  Func?on	
  and	
  Pathophysiology	
  
 Safety	
  
 Efficacy	
  
 Dose	
  	
  -­‐	
  	
  Replacement	
  
 Drug	
  manufacturing	
  
1.  Regulatory	
  Path	
  
2.  Intellectual	
  Property	
  
3.  Drug	
  delivery	
  
Pre-­‐IND	
  Mee?ng	
  with	
  FDA	
  
July	
  2010	
  
•  Regulatory	
  
–  FDA	
  Confirmed	
  qualifica?on	
  of	
  Subpart	
  H	
  
•  Allows	
  use	
  of	
  surrogate	
  end	
  point	
  for	
  Pivotal	
  Phase	
  2b	
  
•  Clinical	
  
–  Nerve	
  conduc?on	
  velocity	
  accepted	
  as	
  the	
  sole	
  
primary	
  endpoint	
  for	
  approval	
  
•  Nonclinical	
  
–  IND-­‐enabling	
  tox	
  plan	
  endorsed	
  by	
  FDA	
  
13	
  
Intellectual	
  Property	
  
•  Seven	
  patents	
  issued:	
  
–  Formula?on	
  
–  Cardio	
  autonomic	
  effect	
  
–  Ac?ve	
  pentapep?de	
  
•  Three	
  submioed	
  to	
  US	
  Patent	
  Office	
  in	
  2009-­‐2010	
  
–  Effect	
  on	
  erec?le	
  dysfunc?on	
  
–  Effect	
  on	
  hypoglycemia	
  
–  Subject	
  of	
  maoer	
  on	
  long-­‐ac?ng	
  form	
  
•  Japan	
  strategy	
  
–  Will	
  file	
  PCT	
  within	
  12	
  months	
  of	
  original	
  filing	
  
–  Plan	
  to	
  use	
  the	
  Patent	
  Prosecu?on	
  Highway	
  (PPH)	
  
14	
  
Formula?on	
  Criteria	
  
15	
  
Injec?on	
  volume	
  ≤	
  1	
  mL	
  
1	
   2	
   3	
   4	
   5	
   6	
   7	
  
Syringeability:	
  
	
   	
  ≤	
  27	
  gauge	
  
	
  	
  <	
  20	
  seconds	
  	
  
<20%	
  drug	
  loss	
  in	
  burst	
  
PK	
  profile	
  consistent	
  with	
  	
  
once	
  weekly	
  dosing	
  
Selected	
  Formula?on	
  Technologies	
  
16	
  
PROMAXX	
  
Atrigel	
  
Pumps	
  
Trans-­‐	
  
dermal	
  
patch	
  
Octoplus	
  
Eryto-­‐	
  
pharm	
  
Halozyme	
  
Altus	
  
Alkamer	
  
Nektar	
  
Enzon	
  
Syringability	
  ≤	
  27	
  gauge	
  	
  
Stable	
  for	
  	
  >	
  1.5	
  years	
  at	
  4°C	
  
PK	
  profile	
  consistent	
  with	
  once	
  weekly	
  dosing	
  
No	
  more	
  than	
  20	
  percent	
  drug	
  loss	
  in	
  burst	
  
Product	
  load	
  of	
  at	
  least	
  1	
  percent	
  of	
  volume	
  
Camurus	
  
Flamel	
  
Durect	
  
Alkermes	
  
La?tude	
  
PK	
  profile	
  
17	
  
100	
  
1	
  
10	
  
C-­‐pep?de	
  conc	
  (ng/ml)	
  
0	
   4	
   8	
   12	
   16	
  
Time	
  (days)	
  
T1/2	
  in	
  monkey	
  ~	
  3	
  days	
  
Extended	
  Half-­‐life	
  Product	
  Depot	
  Product	
  
Path	
  Forward	
  
Development	
  
18	
  CONFIDENTIAL	
  
Cebix	
  Development	
  Program	
  
19	
  
2011	
   2012	
   2013	
  2010	
  
Formula?on	
  
&	
  
CMC	
  
6-­‐mo	
  interim	
  data:	
  
surrogate	
  marker	
  
12-­‐mo	
  data:	
  
clinical	
  end-­‐point	
  
Pivotal	
  Phase	
  2b	
  NEUROPATHY	
  
Human	
  PK	
  
pre-­‐IND	
  mee?ng	
  
IND	
  
Submission	
  
Partnering	
  
World	
  Wide	
  Incidence	
  –	
  Type	
  1	
  
CONFIDENTIAL	
   20	
  
C-­‐pep?de	
  Replacement	
  
Ini?al	
  Commercial	
  Opportunity	
  
Type	
  I	
  diabe?cs	
  (auto-­‐immune)	
  in	
  US+	
  EU:	
  4	
  million	
  	
  
Severe	
  	
  
neuropathy	
  
No	
  
neuropathy	
  
Type	
  I	
  
Diabetes	
  
Type	
  II	
  Diabetes	
  
50%	
  
400,000	
  pa:ents	
  
	
  	
  	
  	
  	
  25%	
  
penetra?on	
  
Mild-­‐to-­‐moderate	
  
neuropathy	
  
21	
  
10%	
  
40%	
  
90%	
  
10%	
  
Diabetes	
  Market-­‐	
  Japan	
  
22	
  
50,000	
  pa?ents	
  
Age	
  group:	
  under	
  20	
  
Annual	
  incidence	
  rate:	
  1.3-­‐1.7/100.000	
  	
  
Diagnosed	
  Type	
  I	
  diabetes/	
  IDDM:	
  
A	
  Amos	
  et	
  al	
  1997,	
  Diabe?c	
  Medicine	
  1997	
  
Global	
  epidemiology,	
  in	
  The	
  epidemiology	
  of	
  diabetes	
  mellitus	
  2001	
  
IDF:	
  Diabetes	
  Atlas	
  2000	
  
All	
  diabetes:	
  8.7	
  million	
  pa?ents	
  
Age	
  group:	
  older	
  than	
  20	
  
400,000	
  pa?ents	
  
5	
  %:	
  LADA,	
  SPIDDM,	
  type	
  1,5	
  	
  
	
  Kobayashi	
  T	
  et	
  al	
  	
  
Ann	
  N	
  Y	
  Acad	
  Sci	
  958	
  :	
  117-­‐130,	
  2002	
  
C-­‐pep?de	
  Replacement	
  
•  Large	
  unmet	
  need	
  
•  Experienced,	
  well	
  funded	
  team	
  
•  Convincing	
  biology	
  
•  Aorac?ve	
  risk-­‐benefit	
  profile	
  
•  Strong	
  proof-­‐of-­‐concept	
  in	
  mul?ple	
  indica?ons	
  
•  Once-­‐weekly	
  dosing	
  formula?on	
  established	
  
•  An?cipate	
  filing	
  IND	
  Q4	
  2010	
  
23	
  
Partnering	
  Objec?ve	
  
•  Cebix	
  is	
  seeking	
  to	
  partner	
  the	
  once-­‐weekly	
  C-­‐
pep?de	
  replacement	
  product	
  within	
  Japan	
  or	
  
throughout	
  a	
  broader	
  region	
  up	
  to	
  and	
  
including	
  Worldwide	
  opportuni?es	
  
CONFIDENTIAL	
   24	
  
Contacts	
  
James	
  Callaway,	
  PhD	
  
President	
  R	
  &	
  D	
  
Email:	
  jim@cebix.com	
  
Phone	
  (office):	
  +1-­‐858-­‐729-­‐6502	
  
Phone	
  (mobile):	
  +1-­‐858-­‐967-­‐1471	
  
Annica	
  Mårtensson,	
  PhD,	
  MBA	
  
Director,	
  Pharm.	
  Development	
  &	
  Corp.	
  Strategy	
  
Email:	
  annica@cebix.com	
  
Phone	
  (office):	
  +1-­‐858-­‐729-­‐6503	
  
Phone	
  (mobile):	
  +1-­‐858-­‐366-­‐2548	
  
CONFIDENTIAL	
   25	
  

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Cebix Sofinnova Japan Presentation

  • 2. Cebix  Mission   2   Cebix  will  develop  safe  and     effec?ve  therapies  for  the   treatment  of  long-­‐term     complica?ons  in  diabetes  
  • 3. Re?nopathy  (20%)   Nephropathy   Peripheral  Neuropathy   Autonomic  Neuropathy   Long-­‐term  complica?ons  of     Type  I  Diabetes   (35%)   (50%)   (25%)   3  
  • 4. 4   Type  I  Diabetes   Pro-­‐insulin/C-­‐pep?de   C-­‐pep?de   Insulin   Pro-­‐Insulin   4   C-­‐pep?de  is  the  second  hormone   •     Similar  to  Preglucagon      –  Glucagon      –  GLP-­‐1  and  GLP-­‐2  
  • 5. An agent for the treatment of mild to moderate peripheral neuropathy in type 1 diabetes The therapy of choice in the treatment of this significant unmet medical need, based on improvement of sensory function Initial Target Indication 5   Product Profile C-­‐Pep?de  Replacement  
  • 6. C-­‐pep?de  influences  major   metabolic  pathways   Ca2+   MAPK   Na+,  K+-­‐  ATPase   eNOS   Na+   K+   Ca2+   Transcrip?on     factors   NO NO  G-­‐protein  ATF-­‐1   CREB   ZEB   NFκB   PPARγ 6  
  • 7. 35 40 45 50 55 60 65 70 0   1   2   3   4   5   6   Onset  of     diabetes   1  week   2  months   5  months   m/s Nerve  Conduc?on  Velocity   8  months   C-­‐pep?de   C-­‐pep?de   Sima  et  al  2001   Nerve  Func?on  Improved   Diabe?c  rat  model   CONFIDENTIAL   Non-­‐diabe?c  control   Diabe?c  no  treatment   Diabe?c  +  C-­‐pep?de  
  • 8. 8   C-­‐pep?de  Replacement:   Does  it  work  in  Type  1   Diabetes  pa?ents?  
  • 9. 9   Restores  sensory  nerve  conduc?on   Phase  2a   Ekberg  et  al,     Diabetes  2003   50 52 54 56 Baseline 6  wks 12  wks SCV  (m/s)   C-­‐pep?de  n=26 Placebo  n=23 Healthy  Controls   p<0.05   9  
  • 10. C-­‐pep?de  Improves:  Nerve  Conduc?on,  Vibra?on   Percep?on  &  Clinical  Status   Phase  2   Ekberg  et  al,     Diab  Care  2007   Nerve  conduc:on:     %  pa8ents  >1  m/s   0 10   20   30   37  %   19  %   40    p<0.03     N=139  Placebo  n=  47   C-­‐pep?de  n=92   p<0.002   Median  differences   0.20   0.15   0.10   0.05   0   -­‐0.05   Foot    Leg                                       ns   Vibra:on  Percep:on:   Δ  VPT  (SDS)   0   0.5   1.0   1.5    Clinical  Status:   Neurological  Impairment   2.0   p<0.01  ns   Median  differences  
  • 11. Safety  profile  of  C-­‐pep?de   •  6  safety  pharmacology  studies  completed   •  5  toxicological  studies  (monkey  and  rat)   –  Up  to  60x  higher  than  replacement  dose   •  19  clinical  studies  conducted  exposing  ~300  pa?ents   –  Replacement  of  endogenous  levels  intended:  0.4-­‐  6  nM   ⇒ Benign  safety  profile,  consistent  with  replacement  therapy   CONFIDENTIAL   11  
  • 12. 12   Development  Path  Secured    Unmet  medical  need    Biology    -­‐    Func?on  and  Pathophysiology    Safety    Efficacy    Dose    -­‐    Replacement    Drug  manufacturing   1.  Regulatory  Path   2.  Intellectual  Property   3.  Drug  delivery  
  • 13. Pre-­‐IND  Mee?ng  with  FDA   July  2010   •  Regulatory   –  FDA  Confirmed  qualifica?on  of  Subpart  H   •  Allows  use  of  surrogate  end  point  for  Pivotal  Phase  2b   •  Clinical   –  Nerve  conduc?on  velocity  accepted  as  the  sole   primary  endpoint  for  approval   •  Nonclinical   –  IND-­‐enabling  tox  plan  endorsed  by  FDA   13  
  • 14. Intellectual  Property   •  Seven  patents  issued:   –  Formula?on   –  Cardio  autonomic  effect   –  Ac?ve  pentapep?de   •  Three  submioed  to  US  Patent  Office  in  2009-­‐2010   –  Effect  on  erec?le  dysfunc?on   –  Effect  on  hypoglycemia   –  Subject  of  maoer  on  long-­‐ac?ng  form   •  Japan  strategy   –  Will  file  PCT  within  12  months  of  original  filing   –  Plan  to  use  the  Patent  Prosecu?on  Highway  (PPH)   14  
  • 15. Formula?on  Criteria   15   Injec?on  volume  ≤  1  mL   1   2   3   4   5   6   7   Syringeability:      ≤  27  gauge      <  20  seconds     <20%  drug  loss  in  burst   PK  profile  consistent  with     once  weekly  dosing  
  • 16. Selected  Formula?on  Technologies   16   PROMAXX   Atrigel   Pumps   Trans-­‐   dermal   patch   Octoplus   Eryto-­‐   pharm   Halozyme   Altus   Alkamer   Nektar   Enzon   Syringability  ≤  27  gauge     Stable  for    >  1.5  years  at  4°C   PK  profile  consistent  with  once  weekly  dosing   No  more  than  20  percent  drug  loss  in  burst   Product  load  of  at  least  1  percent  of  volume   Camurus   Flamel   Durect   Alkermes   La?tude  
  • 17. PK  profile   17   100   1   10   C-­‐pep?de  conc  (ng/ml)   0   4   8   12   16   Time  (days)   T1/2  in  monkey  ~  3  days   Extended  Half-­‐life  Product  Depot  Product  
  • 18. Path  Forward   Development   18  CONFIDENTIAL  
  • 19. Cebix  Development  Program   19   2011   2012   2013  2010   Formula?on   &   CMC   6-­‐mo  interim  data:   surrogate  marker   12-­‐mo  data:   clinical  end-­‐point   Pivotal  Phase  2b  NEUROPATHY   Human  PK   pre-­‐IND  mee?ng   IND   Submission   Partnering  
  • 20. World  Wide  Incidence  –  Type  1   CONFIDENTIAL   20  
  • 21. C-­‐pep?de  Replacement   Ini?al  Commercial  Opportunity   Type  I  diabe?cs  (auto-­‐immune)  in  US+  EU:  4  million     Severe     neuropathy   No   neuropathy   Type  I   Diabetes   Type  II  Diabetes   50%   400,000  pa:ents            25%   penetra?on   Mild-­‐to-­‐moderate   neuropathy   21   10%   40%   90%   10%  
  • 22. Diabetes  Market-­‐  Japan   22   50,000  pa?ents   Age  group:  under  20   Annual  incidence  rate:  1.3-­‐1.7/100.000     Diagnosed  Type  I  diabetes/  IDDM:   A  Amos  et  al  1997,  Diabe?c  Medicine  1997   Global  epidemiology,  in  The  epidemiology  of  diabetes  mellitus  2001   IDF:  Diabetes  Atlas  2000   All  diabetes:  8.7  million  pa?ents   Age  group:  older  than  20   400,000  pa?ents   5  %:  LADA,  SPIDDM,  type  1,5      Kobayashi  T  et  al     Ann  N  Y  Acad  Sci  958  :  117-­‐130,  2002  
  • 23. C-­‐pep?de  Replacement   •  Large  unmet  need   •  Experienced,  well  funded  team   •  Convincing  biology   •  Aorac?ve  risk-­‐benefit  profile   •  Strong  proof-­‐of-­‐concept  in  mul?ple  indica?ons   •  Once-­‐weekly  dosing  formula?on  established   •  An?cipate  filing  IND  Q4  2010   23  
  • 24. Partnering  Objec?ve   •  Cebix  is  seeking  to  partner  the  once-­‐weekly  C-­‐ pep?de  replacement  product  within  Japan  or   throughout  a  broader  region  up  to  and   including  Worldwide  opportuni?es   CONFIDENTIAL   24  
  • 25. Contacts   James  Callaway,  PhD   President  R  &  D   Email:  jim@cebix.com   Phone  (office):  +1-­‐858-­‐729-­‐6502   Phone  (mobile):  +1-­‐858-­‐967-­‐1471   Annica  Mårtensson,  PhD,  MBA   Director,  Pharm.  Development  &  Corp.  Strategy   Email:  annica@cebix.com   Phone  (office):  +1-­‐858-­‐729-­‐6503   Phone  (mobile):  +1-­‐858-­‐366-­‐2548   CONFIDENTIAL   25