delcath systems, inc
TRANSCRIPT
Delcath Systems, Inc.
Corporate Presentation(NASDAQ: DCTH)
August 2021
Forward-looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by the Company or on its behalf. This presentation contains forward-looking statements, which are subject to certain risks and uncertainties that can cause actual results to differ materially from those described. Factors that may cause such differences include, but are not limited to, uncertainties relating to: the timing and results of the Company’s clinical trials, including without limitation the mOM and ICC clinical trial programs, as well as the receipt of additional data and the performance of additional analyses with respect to the mOM clinical trial, our determination whether to continue the ICC clinical trial program or to focus on other alternative indications, and timely monitoring and treatment of patients in the global Phase 3 mOM clinical trial and the impact of the COVID-19 pandemic on the completion of our clinical trials; the impact of the presentations at major medical conferences and future clinical results consistent with the data presented; approval of Individual Funding Requests for reimbursement of the CHEMOSAT procedure; the impact, if any, of ZE reimbursement on potential CHEMOSAT product use and sales in Germany; clinical adoption, use and resulting sales, if any, for the CHEMOSAT system to deliver and filter melphalan in Europe including the key markets of Germany and the UK; the Company’s ability to successfully commercialize the HEPZATO KIT/CHEMOSAT system and the potential of the HEPZATO KIT/CHEMOSAT system asa treatment for patients with primary and metastatic disease in the liver; our ability to obtain reimbursement for the CHEMOSAT system in various markets; approval of the current or future HEPZATO KIT/CHEMOSAT system for delivery and filtration of melphalan or other chemotherapeutic agents for various indications in the U.S. and/or in foreign markets; actions by the FDA or foreign regulatory agencies; the Company’s ability to successfully enter into strategic partnership and distribution arrangements in foreign markets and the timing and revenue, if any, of the same; uncertainties relating to the timing and results of research and development projects; and uncertainties regarding the Company’s ability to obtain financial and other resources for any research, development, clinical trials and commercialization activities. These factors, and others, are discussed from time to time in our filings withthe Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise these forward-looking statements to reflect events or circumstances after the date they are made. 2
Delcath – A Unique Interventional Oncology Opportunity
◆ Percutaneous Hepatic Perfusion (PHP) drug – device platformo Focused chemotherapy treatment to the liver with limited systemic exposure
o >200K liver dominant cancers per year in the US and EU – difficult to treat
o >100K local / regional liver therapies per year despite inability to treat the whole liver
◆ Late-stage, de-risked programo 29% ORR (interim analysis) Phase 3 result greatly exceeds prespecified success criterion
o 1Q-2022 US NDA planned for HEPZATO KITTM in metastatic ocular melanoma (mOM)
o >1,000 PHP commercial treatments (CHEMOSATTM) in EU (stand-alone device approved
under CE mark) provide real world evidence of safety and efficacy
◆ PHP has meaningful revenue potential near term and >$1B TAM longer termo >$300M mOM TAM in US and EU – no current standard of care due to limited efficacy
o Existing proof of principal data in additional indications totaling ~100K patients per year
3
High Incidence of Liver Dominant Cancers
4See appendix for footnoted references
Partial SetLiver Dominant Cancers
US Incidence
Metastatic Ocular Melanoma (mOM)
1,530 1,2
Cholangiocarcinoma (ICC)
2,960 3,4
Liver-dominant Breast Cancer (mBC)
2,000-5,0007,8,9,10
Metastatic Neuroendocrine Tumors (mNET)
9,000 5,6
Metastatic PancreaticCancer (mPC)
24,000 7,13
Metastatic Colorectal Cancer (mCRC)
35,500 11,12
◆ Liver a common site of
metastases
Often the life-limiting organ for
cancer patients
◆ Prognosis is poor
Overall survival (OS) generally 8-
12 months
◆ Systemic therapies have
limited efficacy
Current Liver Directed Therapies and Limitations
Trans Arterial Chemo Embolization (TACE)
◆ Beads obstruct the blood flow to the
tumor and elute chemotherapy
◆ 50k – 60K treatments per year in US
Y90
◆ Radioactive beads delivered into tumor
◆ 10k – 15K treatments per year in US
◆ TACE and Y90 are effective, but tumors
recur, and retreatment often not possible
due to previous disruption of vasculature
◆ Some diseases present with multiple small
tumors, diffuse disease can not be treated
with a tumor-by-tumor modality
◆ Many tumors are not imageable – micro-
metastasis are common
◆ Liver-focused disease control: PHP system uniquely positioned to treat the entire liver as a standalone or
complementary therapy
◆ Limited systemic exposure = responses with better Quality of Life: Hepatic isolation and blood filtration
enables delivery of high concentrations of chemotherapy (melphalan) with limited systemic exposure
◆ Repeatable MINIMALLY INVASIVE procedure: Cath lab procedure which typically takes ~2-3 hours
Melphalan InfusedDirectly to Liver Via Catheter
In Hepatic Artery
Blood FilteredExiting The Liver By Proprietary
Extra-corporeal Filters
Liver IsolatedVia Double Balloon Catheter
In Inferior Vena Cava (IVC)
The PHP Solution – Liver Focused Disease Control
6
◆ Significant Unmet Need:
o Metastatic Ocular Melanoma (mOM) has high incidence (~50%) of liver metastases
o 1,200 - 1,500 cases1,2 of liver-dominant mOM diagnosed in US with median overall
survival of 6 – 9 months14,15
o Currently no standard of care and therapies have limited efficacy
◆ Lower Risk Indication with High Unmet Need:
o FDA granted Melphalan hydrochloride orphan drug designation for treatment of Ocular
Melanoma
o Efficacy data presented in multiple publications with Melphalan/HDS
◆ Targeted Call Point:
o A network of Key Opinion Leaders (KOLs) and centers specializing in mOM, allowing
for readily accessible patient population
Metastatic Ocular Melanoma (mOM)
7
2nd Global Registration Trial: Hepatic Dominant mOM
Clinical Trial For Patientswith Hepatic-Dominant Ocular
Melanoma
Trial History
◆ Initially a RCT against Best Alternative Care (BAC) – 42 patients enrolled, 32 treated in the BAC arm
◆ Patients reluctant to enroll due to BAC offering little benefit and the availability of treatment with CHEMOSAT in the EU
◆ After consultation with the FDA, trial amended to non-randomized, single-armtrial
HEPZATO
TX every 6-8 weeks
up to a maximum of
6 cycles
Primary Endpoint
(Objective Response Rate)
Secondary Endpoints
(DOR, DCR,OS, PFS)
Safety, PK, Quality of
Life
Multinational, Multicenter
Non-Randomized Trial
(N=102 Enrolled, 91
Treated)
All patients have completed treatment
8
Powered to demonstrate
superiority over checkpoint
inhibitors (lower bound of 95% CI
>8.3%)
Prespecified secondary
endpoints include exploratory
analyses against BAC
Focus Trial - Preliminary Analysis On 87% of Patients
INTERNAL-CONFIDENTIAL
* Patients who Met Criteria for Topline Analysis
Criteria: At least 2 evaluable response timepoints received prior to 12Mar2021 unless the subject had PD at the first evaluable timepoint or had
no scans acquired (and none that will be acquired in the future) after the first evaluable timepoint.
TreatedPreliminary Analysis*
Total 123 108
Melphalan/HDS Arm 91 79
Best Alternative Care (BAC) Arm 32 29
Focus Trial – Prespecified Criterion for Success Achieved
◆ A meta-analysis of checkpoint inhibitors (476 patients,16 publications) calculated
a 95% Confidence Interval for ORR of 3.6% - 8.3%
◆ Superiority requires the lower bound (95% C.I.) of the HEPZATO ITT population
to exceed 8.3%
◆ Lower bound of 20.05% >> 8.3% target - remaining 11 patients to be analyzed
will not change the result
Preliminary Intent-to-Treat Population
PHP(N=79 treated + 10 untreated)
Objective Response Rate 26 (29.2%)
95% CI [20.05, 39.81]
Secondary Analyses Possible Against BAC
INTERNAL-CONFIDENTIAL
Enrolled Treated
Best Alternative Care (BAC) Arm 42 32
Dacarbazine 1 0
Ipilimumab 7 1
Pembrolizumab 8 6
Transarterial Chemoembolization (TACE) 26 25
Strong Evidence of Superiority Versus Check Point Inhibitors and TACE
ORR and DCR Versus BAC: Compelling Improvements
PRELIMINARY DATA - SUBJECT TO CHANGE
Preliminary Intent-to-Treat Population
PHP(N=89)
BAC (N=39)
Objective Response Rate 26 (29.2%) 4 (10.3%)
95% CI [20.05, 39.81] [2.87, 24.22]
p-value (Chi-square) 0.0198
Preliminary Intent-to-Treat Population
PHP(N=89)
BAC (N=39)
Disease Control Rate 56 (62.92%) 11 (28.21%)
95% CI [52.03, 72.93] [15.00, 44.87]
p-value (Chi-square) 0.0003
Best Overall Response (Single Timepoint) 44% versus 17%
Best Overall Response
Preliminary Per Protocol Population
PHP(N=79)
BAC (N=29)
Complete Response (CR)6
(7.6%)0
Partial Response (PR)29
(36.7%)5
(17.2%)
Stable Disease (SD)21
(26.6%)7
(24.1%)
Progressive Disease (PD)22
(27.9%)16
(55.2%)
Not Evaluable (NE)1
(1.3%)1
(3.5%)
Note: The efficacy analysis population includes two patients without post-baseline assessments and three patients with no evaluable post-baseline
target lesion response assessments; these five patients (three PHP and two BAC) are omitted from the above graph.
Focus Trial – Progression-Free Survival Almost Triple BAC
PRELIMINARY DATA - SUBJECT TO CHANGE
PHP(N=79)
BAC (N=29)
Progression-Free Survival (PFS, median) 9.03 months 3.06 months
95% CI [6.24, 11.83] [2.69, 5.65]
p-value 0.0004
PFS Status
Events 50 (63.3%) 22 (75.9%)
Censored 29 (36.7%) 7 (24.1%)
Hazard Ratio Estimate 0.41
95% CI [0.246, 0.686]
p-value 0.0007
Serious TEAEs Occurring in >5% of PHP Patients
* Most commonly thrombocytopenia (14.9%), neutropenia (10.9%), and leukopenia (4.2%)† Including hemothorax, pulmonary edema, and pleural effusion‡ Including arrhythmias and cardiac arrest
PRELIMINARY DATA - SUBJECT TO CHANGE
CategoryFocus Trial
(n=94)
Bone Marrow Suppression* 21 (22.3%)
Respiratory and Thoracic Disorders† 6 (6.4%)
Cardiac Disorders‡ 5 (5.3%)
HEPZATO Safety - Published Studies and Real-World Evidence
◆ 4 published studies in mOM - 164 Patients
o No treatment related deaths
o Manageable toxicities
o Well-tolerated with maintenance of QoL
◆ FOCUS Trial
o 91 Patients treated for a total 356
treatments to date
o No treatment related deaths
o Toxicities consistent with published
studies
◆ >1,000 treatments in real-world clinical practice with strong safety profile
16
2013 Complete Response Letter and Resulting Improvements
CONFIDENTIAL
◆ In the first pivotal trial there were 4 deaths attributed to PHP :
o 2 due to patient related issues (1 hepatic failure and 1 gastric perforation)
o 2 due to hematological toxicities (1 sepsis and 1 neutropenic complications)
◆ A new generation filter (GEN2) was designed which is now used in all HEPZATO kits to increase filter
efficiency to a mean efficiency of 86% in the clinical setting reducing hematological toxicities
◆ Protocol amendments were put in place to exclude high risk patients
◆ The FDA has stated “the approval decision will not be based on a specific response rate (of which there
already are data), but on whether that response rate is sufficient to overcome the toxicity of the treatment.”
Adverse Event
G3/4
Hughes 2016 Karydis 2018
% n % n
Anemia 62.9% 44 29.4% 15
Neutropenia 85.7% 60 31.3% 16
Thrombocytopenia 80.0% 56 31.3% 16
Impact of Change to Gen 2 Filter
Response to 2013 Complete Response Letter (CRL)
CRL Response
◆ 4 categories of issues to address
o Medical Device Related
o Human Factors Validation
o Preclinical Tox
o Overall Benefit - Risk
18
CRL Response PDUFA Timeline
◆ Early 2022 resubmission
◆ No 60-day assessment for acceptance to file
◆ 6-month review PDUFA target
FDA required these issues be addressed to their satisfaction prior to the start of the FOCUS trial
Expect focus of review will be on the risk component of the Benefit – Risk trade-off
mOM Patient Flow and Treatment Options
>75% patients treated in
Academic centers
Non-Academic Center(less predictable referral pattern)
Treatment
Decision
Academic CenterTumor Board
(Multi-Disciplinary)
Per meta-analysis - 5.5%20
HEPZATO
HEPZATO Efficacy=32.9% 16
CHEMOSAT=27% - 72% 17
Y90/SIRT
Efficacy up to = 17%18
TACE
Efficacy up to = 21%19
Immunotherapy
300 – 500
900 – 1,125
Liver-Directed
Therapy
Interventional Radiologist
Systemic Therapy
Medical Oncologist
See appendix for footnoted references
Higher
Risk 50%
1,200 – 1,500
Ideally Frequent
Screening
13-46 Months
Liver Disease
Appears
Medical Oncologist
Initial Diagnosis &
Treatment
• Enucleation or
• Radiation, PDT
Gene Expression
Burden Testing
Medical Oncologist
Lower
Risk 50%
Less Frequent
Screening
Medical Oncologist
2,400 – 3,0001,2
Patients
Efficacy up to = 9%21
Tebentafusp (P3)
19
*Source: Boston Health Associates primary research n=13 physicians
STAKEHOLDER PERSPECTIVE
◆ Oncologists see poor responses with systemic therapies
◆ Oncologists believe HEPZATO is a significant advance
over other liver-targeted therapies
◆ Most oncologists surveyed believe ~80% of mOM
patients with liver mets would be HEPZATO candidates
◆ Payer & hospital finance stakeholder interviews suggest
pricing expectations in the range of IO agents
(ipilimumab and nivolumab therapy per year $256k)
mOM patients that are well enough to receive Melphalan/HDS
mOM patients that are well enough to receive HEPZATO and fall within the inclusion/exclusion criteria
Oncologist perception of mOMPatients’ eligibility for HEPZATO
(n=12)
US $ TAM IMPLICATIONS
◆ HEPZATO may be positioned as a first-line
treatment in mOM due to limited efficacy of
available therapies
◆ Premium pricing feasible ($25K - $75K per
treatment)
◆ Assuming 4 treatments per patient and $50K per
treatment, TAM >$200M
HEPZATO Stakeholder Perspective and $ TAM Implications
20
Commercialization Dynamics
◆ Specialized mOM market allows focused commercial investment
o Rare disease, patients seek OM specialists found regionally at top National Cancer
Centers and Academic Centers
o ~1200/1500 of the patients (80%) will be treated in top ~20 medical centers
◆ Small but specialized interventional oncology commercial team
o Strategically placed regional sales representatives to cover 20 centers
o Experience navigating hospitals with drug/device combination products and selling to
multidisciplinary treatment teams
o Augmented with field based clinical support to ensure safe and effective treatments
o Experienced Market Access team to support customers and patients
21
European Commercialization – medac Licensing
◆ CHEMOSAT is available in ~22 centers in 3 countries with device
(CE marked) labeled for the delivery of melphalan across tumor
types – distributed by medac
◆ CHEMOSAT added to national treatment guidelines in both
Germany and Netherlands for Ocular Melanoma liver metastases
◆ Outside of Germany, most of the treatments have been self pay
given limited reimbursement
◆ National reimbursement application processes to start when full
FOCUS trial data available
◆ In April 2021, NICE (UK) upgraded CHEMOSAT’s status from
“Research” to “Special Status” which will facilitate private pay
and allow initiation of national reimbursement process
◆ While revenue modest (2019 €2.2M) due to reimbursement status,
sales allow Delcath to identify indications with strong efficacy signals
CHEMOSAT Used In 13 Tumor Types
~70%: Metastatic Ocular Melanoma (mOM)
Other Types Treated:
• Intrahepatic Cholangiocarcinoma (ICC)
• Hepatocellular Carcinoma (HCC)
• Metastatic Colorectal Cancer (mCRC)
• Metastatic Breast (mBreast)
• Pancreatic
• Metastatic Neuroendocrine Tumors
(mNET)
• Metastatic Cutaneous Melanoma
(mCM)
22
Incidence and Evidence of Possible Follow-On Indications
◆ Currently reviewing clinical and
commercial data (based on over
1,000 commercial CHEMOSAT
procedures in the EU and
multiple publications)
◆ Planning a series of medical
advisory boards
◆ 2021 Goal: Initiate trials in two
additional indications
◆ Post launch, mOM revenue should
self-fund the ongoing development
effort
23
Indication US IncidenceSupporting Data
Metastatic Ocular Melanoma(mOM)
1,530 1,2 FOCUS Data
Cholangiocarcinoma (ICC) 2,960 3,4Extensive EU experience22
Metastatic Neuroendocrine Tumors (mNET) 9,000 5,6 Phase 2 data 23
Liver-dominant Breast Cancer (mBC) 2,000-5,000 7,8,9,10 ~10 Cases in EU
Metastatic Pancreatic Cancer (mPC) 24,000 7,13 Limited
Metastatic Colorectal Cancer (mCRC) 35,500 11,12IHP efficacy well documented24
PHP Was Designed to Replace Isolated Hepatic Perfusion (IHP)
◆ IHP has documented efficacy
across multiple tumor types
including mOM, CRC, and NET
◆ Melphalan is the most commonly-
used agent
◆ But high treatment related
mortality (>5%)
◆ Not repeatable
◆ Few patients eligible
IHP Results in CRC Likely to Translate to PHP
25
Author, year N AgentResponse rate (%)
Median survival (mos.)
van Iersel et al. (2010) 99 Melphalan 47 25
Alexander et al. (2009) 120 Melphalan ± TNFα[alpha] 61 17.4
van Iersel et al. (2008) 105 Melphalan 50 24.8
van Iersel et al. (2007) 30 Melphalan 41 16.9
Alexander et al. (2005) 25 Melphalan 60 12
Rothbarth et al. (2003) 71 Melphalan 59 28.8
Alexander et al. (2002) 7 Melphalan ± TNFα[alpha] 71 19.7
Vahrmeijer et al. (2000) 24 Melphalan 29 19
Capital Structure and Share Information
1 As of June 30, 2021; includes 7.3M of Common plus 1.2M Preferred E & E-1 and 0.2M Pre-funded Warrants as converted2 As of June 30, 2021; (10-Q filing on August 10, 2021)3 As of June 30, 2021; Warrants at a $10 exercise price4 YTD Net cash used in operating activities through Q2-20215 Convertible Note; amended conversion price = $11.98 per common share equivalent and extension of maturity date to 10/20246 Used NASDAQ price information starting on June 29, 2020, through June 29, 20217 30-day average calculated between May 18, 2021, through June 29, 2021
Share Listing Current DCTH (NASDAQ)
Shares Outstanding1 8.68M
Cash and Cash Equivalents2 $19.4M *
Warrants Outstanding3 3.62M
Stock Options Granted 1.09M
2021-Q2 Cash Burn (YTD)4 $11.7M
Debt5 $2.0M *
52-week Low – High6 $8.50 - $25.18
30d Average Daily Volume7 52,460
26
* Does not include the $15M venture debt
transaction closed on Friday, August 6th
Delcath Systems, Inc. – a Unique Opportunity
Novel platform in interventional oncology
Multiple near-term catalysts (Final data and NDA filing, new indications)
Safety and efficacy supported by multiple trials and commercial usage
Initial orphan indication allows for targeted marketing effort and rapid uptake
Platform has potential utility in multiple indications
27
References1. Cancer.net Editorial Board (2020) Eye Cancer - Statistics. In: Cancer.Net. https://www.cancer.net/cancer-types/eye-
cancer/statistics. Accessed 22 Jun 2020
2. Ocular Melanoma Foundation. Treatment of Metastatic Disease. In: OMF - Metastatic
Treatment. http://www.ocularmelanoma.org/metstreatment.htm. Accessed 22 Jun 2020
3. Patel N, Benipal B. Incidence of Cholangiocarcinoma in the USA from 2001 to 2015: A US Cancer Statistics Analysis of 50 States. Cureus.
2019;11(1):e3962. Published 2019 Jan 25.
4. United States Census Bureau. (2019) Monthly Population Estimates for the United States: April 1, 2010 to December 1, 2020 (NA-
EST2019-01).
5. Cancer.net Editorial Board. (2020) Neuroendocrine Tumors - Statistics. In: Cancer.Net. https://www.cancer.net/cancer-
types/neuroendocrine-tumors/statistics. Accessed 22 Jun 2020
6. Saeed A, Buell JF, Kandil E. Surgical treatment of liver metastases in patients with neuroendocrine tumors. Ann Transl Med.
2013;1(1):6. doi:10.3978/j.issn.2305- 5839.2013.01.08
7. Surveillance, Epidemiology, and End Results (SEER) Program Populations (1969-2018) (www.seer.cancer.gov/popdata), National
Cancer Institute, DCCPS, Surveillance Research Program, released December 2019.
8. Adam R, Aloia T, Krissat J, Bralet MP, Paule B, Giacchetti S, Delvart V, Azoulay D, Bismuth H, Castaing D. Is liver resection
justified for patients with hepatic metastases from breast cancer? Ann Surg. 2006 Dec;244(6):897-907; discussion 907-8. doi:
10.1097/01.sla.0000246847.02058.1b. PMID: 17122615; PMCID: PMC1856635.
9. Insa A, Lluch A, Prosper F, Marugan I, Martinez-Agullo A, Garcia-Conde J. Prognostic factors predicting survival from first
recurrence in patients with metastatic breast cancer: analysis of 439 patients. Breast Cancer Res Treat. 1999 Jul;56(1):67-78. doi:
10.1023/a:1006285726561. PMID: 10517344.
10. Clark GM, Sledge GW Jr, Osborne CK, McGuire WL. Survival from first recurrence: relative importance of prognostic factors in
1,015 breast cancer patients. J Clin Oncol. 1987 Jan;5(1):55-61. doi: 10.1200/JCO.1987.5.1.55. PMID: 3806159.
11. Cancer.net Editorial Board. (2020) Colorectal Cancer - Statistics. In: Cancer.Net. https://www.cancer.net/cancer-types/colorectal-
cancer/statistics. Accessed 22 Jun 2020
12. Ismaili N. Treatment of colorectal liver metastases. World J Surg Oncol. 2011;9:154. Published 2011 Nov 24. doi:10.1186/1477-
7819-9-154
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References13. Oweira H, Petrausch U, Helbling D, Schmidt J, Mannhart M, Mehrabi A, Schöb O, Giryes A, Decker M, Abdel-
Rahman O. Prognostic value of site-specific metastases in pancreatic adenocarcinoma: A Surveillance Epidemiology
and End Results database analysis. World J Gastroenterol. 2017 Mar 14;23(10):1872-1880. doi:
10.3748/wjg.v23.i10.1872. PMID: 28348494; PMCID: PMC5352929.
14. Xu L, T, Funchain P, F, Bena J, F, Li M, Tarhini A, Berber E, Singh A, D: Uveal Melanoma Metastatic to the Liver:
Treatment Trends and Outcomes. Ocul Oncol Pathol 2019;5:323-332. doi: 10.1159/000495113
15. Lane AM, Kim IK, Gragoudas ES. Survival Rates in Patients After Treatment for Metastasis From Uveal Melanoma.
JAMA Ophthalmol. 2018 Sep 1;136(9):981-986.
16. Preliminary analysis of FOCUS trial released 3/31/21
17. Karydis I, Gangi A, Wheater MJ, et al. Percutaneous hepatic perfusion with melphalan in uveal melanoma: A safe and
effective treatment modality in an orphan disease. J Surg Oncol. 2018;117(6):1170-1178. doi:10.1002/jso.24956
18. Tulokas S, Mäenpää H, et al. Selective internal radiation therapy (SIRT) as treatment for hepatic metastases of uveal
melanoma: a Finnish nation-wide retrospective experience. Acta Oncol. 2018 Oct;57(10):1373-1380. doi:
10.1080/0284186X.2018.1465587. Epub 2018 Apr 23. PMID: 29683787.
19. Shibayama Y, Namikawa K, Sone M, et al. Efficacy and toxicity of transarterial chemoembolization therapy using
cisplatin and gelatin sponge in patients with liver metastases from uveal melanoma in an Asian population. Int J Clin
Oncol. 2017 Jun;22(3):577-584. doi: 10.1007/s10147-017-1095-0. Epub 2017 Jan 31. PMID: 28144882.
20. Meta-analysis: Data on file
21. Piperno - Neumann, et. al. AACR Annual Meeting 2021
22. Ferrucci, P.Fet al. A New Option for the Treatment of Intrahepatic Cholangiocarcinoma: Percutaneous Hepatic
Perfusion with CHEMOSAT Delivery System. Cells 2021, 10, 70. https://doi.org/10.3390/cells10010070
23. Vogel, A., Gupta, S., Zeile, M. et al. Chemosaturation Percutaneous Hepatic Perfusion: A Systematic Review. Adv
Ther 33, 2122–2138 (2016). https://doi.org/10.1007/s12325-016-0424-4
24. Reddy SK, Kesmodel SB, Alexander HR. Isolated hepatic perfusion for patients with liver metastases. Therapeutic
Advances in Medical Oncology. July 2014:180-194. doi:10.1177/1758834014529175
29
APPENDIX
First Phase 3 RCT Results*
31CONFIDENTIAL
Months
Overall Progression Free Survival
(INV Assessment)
Crossover design confounded overall survival analysis - most subjects in BAC arm [57.1%] crossed over to PHP arm
Proportion of patients surviving
7.01.6
5.4 mo PHP
0 5 10 15 20 25 30
Best alternative care
Hepatic Progression Free Survival
(IRC Assessment)
1.0
0.8
0.6
0.4
0.2
0.0
* Mix of mOM and metastatic melanoma with >90% patients diagnosed with mOM
P<.0001
PHP
Months
1.0
0.8
0.6
0.4
0.2
0.0
P<.0001
Proportion of patients surviving
5.41.6
3.8 mo
Best alternative care
0 5 10 15 20 25 30 35 40 45 50 55
Response Rates (ITT population)
Cohort hOR ORR
PHP (n = 44) 36.4% 27.3%
BAC (n = 49) 2.0% 4.1%
p value <0.001 =0.003
Recent Initial Approvals Using ORR in Single-Arm Oncology TrialsDrug and Approval Type Indication
Danyelza (naxitamab-
gqgk) - Accelerated
Relapsed or refractory neuroblastoma in bone or
marrow post response or stable disease to prior therapy
Gavreto (pralsetinib) -
AcceleratedMetastatic RET fusion-positive NSCLC
Monjuvi (tafasitamab-
cxix) - AcceleratedRelapsed or refractory diffuse large B-cell lymphoma
Tazverik (tazemetostat) -
Accelerated
Relapsed or refractory follicular lymphoma positive for
EXH2 mutation
Zepzelca (lurbinectedin) -
Accelerated
Metastatic SMLC with progression on or after platinum
chemotherapy
Tabrecta (capmatinib) -
AcceleratedMetastatic NSCLC with mutation MET exon 14 skipping
Trodelvy (sacituzumab) -
Accelerated
Metastatic triple-negative breast cancer after at least 2
prior metastatic disease therapies
Pemazyre (pemigatinib) -
Accelerated
Previously treated metastatic cholangiocarcinoma with
FGFR2 fusion
Koselugo (selumetinib) -
Accelerated
Neurofibromatosis Type 1 with inoperable plexiform
neurofibromas
Drug and Approval Type Indication
Ayvakit (avapritinib) -
Standard
Unresectable or metastatic gastrointestinal stromal
tumor with PDGFRA exon 18 mutation
Enhertu (famtrastuzmab
deruxtecan) - Accelerated
Unresectable or metastatic HER2+ breast with two or
more prior anti HER2 regimens in metastatic setting
Padcev (enfortumab vedotin)
- Accelerated
Metastatic urothelial cancer with previously received
PD-1 or PD-L1 and platinum chemotherapy
Brukinsa (zanubrutinib) -
AcceleratedMantle cell lymphoma with at least one prior therapy
Rozlytrek (entrectinib) -
StandardMetastatic NSCLC that is ROSI+
Xpovio (selinexor) -
Accelerated
Relapsed or refractory multiple myeloma with at
least 4 prior therapies
Balversa (erdafinitib) -
Accelerated
Metastatic unrothial carcinoma with susceptible FGFR
3(2) alterations
Vitrakvi (larotrectinib) -
Accelerated
Solid tumors with neurotrophic receptor tyrosine
kinase fusion
Libtayo (cemiplimab-rwlc) -
StandardMetastatic squamous cell carcinoma
Single trial 50 patients
Single trial 43 patients
Pooled subgroup analysis - 51 patients
from 3 single arm trials
Pooled subgroup analysis - 72 patients
from 2 single arm trials
Secondary Analyses Versus BAC – ITT and Per Protocol
PRELIMINARY DATA - SUBJECT TO CHANGE
Preliminary Analysis Per Protocol
Preliminary Intent-to-Treat Population
PHP(N=79)
BAC (N=29)
PHP(N=89)
BAC (N=39)
Objective Response Rate 26 (32.9%) 4 (13.8%) 26 (29.2%) 4 (10.3%)
95% CI [22.75, 44.40] [3.89, 31.66] [20.05, 39.81] [2.87, 24.22]
p-value (Chi-square) 0.0493 0.0198
Preliminary Analysis Per Protocol
Preliminary Intent-to-Treat Population
PHP(N=79)
BAC (N=29)
PHP(N=89)
BAC (N=39)
Disease Control Rate 56 (70.89%) 11 (37.93%) 56 (62.92%) 11 (28.21%)
95% CI [59.58, 80.57] [20.69, 57.74] [52.03, 72.93] [15.00, 44.87]
p-value (Chi-square) 0.002 0.0003