Corporate Presentation | April 2021 Forward-Looking Statements
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Corporate Presentation | April 2021 Forward-Looking Statements These materials have been prepared by Ichnos Sciences which the Company will operate in the future and must be not been independently verified and is subject to verification, (“Ichnos” or “the Company”) solely for informational purposes read together with such assumptions. Predictions, projections, completion, and change without notice. The information and are strictly confidential and may not be taken away, or forecasts of the economy or economic trends of the contained in these materials is current as of the date hereof reproduced, or redistributed to any other person. This markets are not necessarily indicative of the future or likely and is subject to change without notice, and its accuracy is presentation is on drugs in clinical development and includes performance of the Company, and the forecast financial not guaranteed. Accordingly, no representation or warranty, information from experiments and information that might be performance of the Company is not guaranteed. The express or implied, is made or given by or on behalf of the considered forward-looking. While these forward-looking Company does not undertake any obligation to update these Company, or any of its directors and affiliates or any other statements represent our current judgment based on current forward-looking statements to reflect events, circumstances, person, as to, and no reliance should be placed for any information, please be aware they are subject to risks and or changes in expectations after the date hereof or to reflect purposes whatsoever on, the fairness, accuracy, uncertainties as development progresses that could cause the occurrence of subsequent events. No representations or completeness or correctness of, or any errors or omissions actual results to differ materially. These materials also contain warranties are made as to the accuracy or reasonableness of in, the information contained herein or any other information, material, non-public information. In addition, these materials such assumptions or projections or the forward-looking whether written or oral, transmitted or made available to you contain forward-looking statements that are, by their nature, statements based thereon. herewith. The Company name and all related names, logos, subject to significant risks and uncertainties. In these product and service names and designs included in these materials, the words “will,” “anticipate,” “expect,” “plan,” This presentation does not constitute or form part of, and materials are trademarks of the Company or its affiliates or “potential,” and similar expressions identify forward-looking should not be construed as, directly or indirectly, any offer licensors. All other names, logos, product and service names, statements. Such forward-looking statements necessarily or intimation or inducement to sell or issue or an offer or any and designs included in these materials are the trademarks involve known and unknown risks and uncertainties, which solicitation of any offer, to purchase or sell any securities, as of their respective owners. The distribution of these materials may cause actual performance and financial results in future defined. The information contained here is not a prospectus, in certain jurisdictions may be restricted or affected by the periods to differ materially from any projections of future statement in lieu of prospectus, advertisement, or any other laws of such jurisdictions. To the fullest extent permitted by performance or result expressed or implied by such forward- offer. It is not the Company’s intention to provide, and you applicable law, the Company disclaims any responsibility looking statements. Such forward-looking statements are may not rely on these materials as providing, a complete or or liability for the violations of any such restrictions by based on numerous assumptions regarding the Company’s comprehensive analysis of the Company’s financial position any person. present and future business strategies and the environment in or prospects. The information contained in these materials has 2 Ichnos Sciences is a Clinical-Stage Biotechnology Company at the Forefront of Innovation in Oncology • Global footprint: U.S. and Switzerland Fully Integrated • Fully owned by Glenmark, with plans to expand the investor base in 2021 and beyond Biotech • Accomplished management team with proven track record • Core capabilities in biologics (discovery, antibody engineering, CMC, clinical development) • Focus on immune cell engagers/modulators • Disease-centric Deep and Broad • Broad first-wave multispecific oncology pipeline with five programs, including a clinical-stage T cell engager in Pipeline multiple myeloma (ISB 1342) • Beyond oncology, pipeline of potential first-in-class therapeutics addressing autoimmune diseases available to out-license • Proprietary BEAT® antibody engineering platform* represents the discovery engine to sustain innovation and drive Novel BEAT® long-term growth: Platform + Next-generation multispecific immune cell engager/modulator antibodies that can engage multiple targets simultaneously *BEAT®: Bispecific Engagement by Antibodies based on the T cell Receptor 3 Ichnos: Highly Experienced Biotech Leadership Team Management ALESSANDRO RIVA, M.D. ISABEL CARMONA ROBERTO GIOVANNINI, Ph.D. CYRIL KONTO, M.D. GRACE MAGUIRE, MBA Chief Executive Officer Chief Human Resources Head of CMC Development Chief Medical Officer Head of Communications Officer and Corporate Affairs M. LAMINE MBOW, Ph.D. MICHAEL D. PRICE KALA SUBRAMANIAN, Ph.D. MARTIN L. WILSON Head of NBE, Chief Financial Officer Chief of Staff, Head of General Counsel Discovery Research Strategic Development and Business Development & Licensing Board of Directors GLENN SALDANHA DAVID LUBNER V S MANI MARCELA MAUS, BERNARD LAWRENCE JAYARAM DENNIS Chairman & Non-Executive Board Member M.D., Ph.D. MUNOS OLANOFF, PHILKANA PURCELL Managing Director & Global CFO Non-Executive Non-Executive M.D., Ph.D. President & Non-Executive Director, of GPL Director Director Non-Executive Global CHRO of Director Glenmark Director GPL Pharmaceuticals Also a member of Board of Directors 4 Ichnos Oncology Pipeline - First Wave Focuses on T Cell Engagers and Macrophage Modulators - Differentiated and Potentially First-in-Class Assets Candidate Target Preclinical Phase 1 Phase 2 Phase 3 Status CD38 x CD3 BEAT® 1.0 Phase 1 ISB 1342 bispecific antibody Relapsed/Refractory Multiple Myeloma Enrolling BEAT® 2.0 T cell engager ISB 1909 Discovery bispecific antibody Undisclosed CD38 x CD47 BEAT® 2.0 IND-Enabling ISB 1442 Hematologic bispecific antibody Malignancies Studies BEAT® 2.0 ISB 2004 Undisclosed Discovery bispecific antibody TREATTM ISB 2001 Undisclosed Discovery trispecific antibody BEAT®: Bispecific Engagement by Antibodies based on the T cell Receptor TREAT™: Trispecific Engagement by Antibodies based on the T cell Receptor Ichnos is considering potential partnership 5 Note: Assets that were previously identified as GBR XXXX are now identified as ISB XXXX. Ichnos to Out-License Assets in Autoimmune Disease Candidate Target Preclinical Phase 1 Phase 2 Phase 3 Status Phase 2b coMpleted. PriMary efficacy endpoint ISB 830 OX40 antagonist Atopic Dermatitis (AD)* (EASI score, % change, (telazorliMab) Monoclonal antibody baseline to week 16) Met at two highest doses tested.† IL-1RAP antagonist IND-Enabling ISB 880 Autoimmune Monoclonal antibody Disease Studies *A US IND for rheumatoid arthritis and other autoimmune indications is active. †Numerical improvements were seen for the two higher-dose arms (300 mg and 600 mg q 2 weeks) of telazorlimab compared to placebo in the secondary endpoints of EASI-75 and Investigator Global Assessment, but the differences were generally not statistically significantly different from placebo. Note: Assets that were previously identified as GBR XXXX are now identified as ISB XXXX 6 BEAT® Platform Ichnos BEAT® is Among the Most Innovative Multispecific Platforms 1st Generation 2nd Generation 3rd Generation Fragment based Formats Fab-Fragment based Formats Fab-Fab based Formats Genetic fusion of 2 antibody Genetic fusion of a Fab and an Mimic the natural antibody format fragments - scFvs, with or without Fc antibody fragment - scFv or dAb, with Fc • Limited target druggability and • Improved druggability and • Optimal druggability and developability developability developability – Rapid engineering – Rapid engineering • Not suited for multispecific • Not optimal for multispecific antibodies • Best suited for multispecific antibodies antibodies Ichnos BEAT® 1.0 Platform – Ichnos BEAT® 2.0 Platform – Proprietary heavy chain Assemble light chains via technology – Assemble light common light chain Fab chains via scFv formatting technique Domain antibody (dAb) is an antibody fragment consisting of a single monomeric variable antibody domain that is able to bind an antigen; Antigen- binding fragment (Fab) is the natural region on an antibody that binds to an antigen. It is composed of one constant and one variable domain of each of the heavy and the light chain; Fragment crystallizable (Fc) region is the tail region of an antibody that interacts with cell surface receptors called Fc receptors, including the neonatal Fc receptor, a key determinant in maintaining and prolonging antibody plasma half-life; Single chain 8 fragment variable (scFv) is a genetic fusion of the heavy and light chain variable domains of an antibody that is able to bind an antigen Ichnos BEAT® Platform Delivers