the cheot hto aet 22 hto othea aet rct:my18 aet 21 anti ...€¦ · 2exivmepw mw rsx mrxirhih xs fi...

1
Signal CTL Tumor Cells Inhibitory Signal PDL1 PD1 PDL2 CD80 B7-H3 ? B7-H4 ? Butyrophilin family ? CD155 TIGIT Galectin 9 TIM3 Phosphatidylserine CD8+ CD4+ CD8+ CD4+ Lymph Node Tumor Cells NK NK Myeloid- derived Supressor Cell Activate Immune Response Against Cancer CD8+ CD4+ T reg T reg NK kill APC CD8+ help CD4+ Adapted from Freeman,G. et al., Nat Rev Drug Discov (2015) 14, 561-584. NK Mature Dendritic Cell immuno-oncology february 2017 general disclaimers: The information contained herein (the “Materials”) regarding RA Capital Management, L.P. and its affiliates and/or any investment products it advises (collectively, “RA Capital”) is provided for informational and discussion purposes only and is not, and may not be relied on in any manner, as legal, tax, or investment advice. Each recipient should make its own investigations and evaluations of RA Capital, any investment products it advises, and the Materials, and should consult its own attorney, business adviser, and tax adviser as to legal, business, tax, and related matters concerning the Materials. The information contained in the Materials is not intended to be, and should not be viewed as, “investment advice” within the meaning of 29 C.F.R. §2510.3-21 or otherwise. The Materials are not an offer or solicitation for the purchase or sale of any security including any interest in RA Capital Healthcare Fund, L.P. (the “Master Fund”) or RA Capital Healthcare International Fund, Ltd. (the “Offshore Fund,” and collectively with the Master Fund, the “Fund”), and should not be construed as such. Such an offer will only be made by means of a confidential Private Placement Memorandum (the “PPM”) to be furnished to qualified investors upon request. The information contained herein is qualified in its entirety by reference to the PPM, which contains additional information about the investment objective, terms, and conditions of an investment in the Fund, and also contains certain disclosures that are important to consider when making an investment decision regarding the Fund. In the case of any inconsistency between any information contained herein and the PPM, the terms of the PPM shall control. The Materials are proprietary and confidential and may include commercially sensitive information, must be kept strictly confidential, and may not be copied, used for an improper purpose, reproduced, republished, or posted in whole or in part, in any form, without the prior written consent of RA Capital. The recipient of the Materials must not make any communication regarding the information contained herein, including disclosing that the Materials have been provided to such recipient, to any person other than its authorized representatives assisting in considering the information contained herein. Each recipient agrees to the foregoing and to return (or destroy upon RA Capital’s instructions) the Materials promptly upon request. ny investment strategies discussed herein are speculative and involve a high degree of risk, including loss of capital. Investments in any products described herein and the Fund’s performance can be volatile, and investors should have the financial ability and be willing to accept such risks. An investor could lose all or a substantial amount of his or her investment. The Fund may be leveraged. Interests in the Fund are illiquid, as there is no secondary market for the Fund interests, and none is expected to develop. The Fund interests are subject to restrictions on transfer. Prior to investing in the Fund, investors should read the PPM and pay particular attention to the risk factors contained therein. Fees and expenses charged in connection with an investment in the Fund may be higher than the fees and expenses of other investment alternatives and may offset investment profits of the Fund. RA Capital has total trading authority over the Fund. The use of a single advisor applying generally similar trading programs could mean lack of diversification and, consequentially, higher risk. A portion of the trades executed for the Fund may take place on foreign exchanges. It should not be assumed, and no representation is made, that past investment performance is reflective of future results. Nothing herein should be deemed to be a prediction or projection of future performance. To the extent any prior or existing investments are described, RA Capital makes no representations, and it should not be assumed, that past investment selection is necessarily reflective of future investment selection, that any performance discussed herein will be achieved or that similar investment opportunities will be available in the future or, if made, will achieve similar results. In particular, to the extent valuation information is provided for any unrealized investments, such valuations are RA Capital’s estimates as of the date set forth in the Materials, and there can be no assurance that unrealized investments will be realized at such valuations. While RA Capital believes any valuations presented herein are reasonable, such valuations may be highly subjective, particularly for private investments, are based on information provided by third parties and/or RA Capital’s assumptions, any or all of which might be mistaken or incomplete. Actual realized returns will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs, and the timing and manner or sale, all of which may differ from the assumptions on which the valuations contained herein are based. As a result of the foregoing, actual realized returns may differ materially from the valuations contained herein. References, either general or specific, to securities and/or issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Certain current and prior investments may be highlighted in order to provide additional information regarding RA Capital’s investment strategy, the types of investments it pursues, and anticipated exit strategies. In addition, due to confidentiality restrictions, the information contained herein might not reference investments in certain companies. Certain information contained herein concerning economic trends and/ or data is based on or derived from information provided by independent third-party sources. RA Capital believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The Materials contain statements of opinion and belief. Any views expressed herein, unless otherwise indicated, are those of RA Capital as of the date indicated, are based on information available to RA Capital as of such date, and are subject to change, without notice, based on market and other conditions. No representation is made or assurance given that such views are correct. RA Capital has no duty or obligation to update the information contained herein. Certain information contained in this document constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any investment may differ from those reflected or contemplated in such forward-looking statements. Prospective investors should not rely on these forward- looking statements when making an investment decision. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission, any securities administrator under any securities laws of any U.S. or non-U.S. jurisdiction, or any other U.S. or non-U.S. governmental or self- regulatory authority. No such governmental or self-regulatory authority will pass on the merits of any offering of interests by RA Capital or the adequacy of the information contained herein. Any representation to the contrary is unlawful. The interests in the Fund have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or qualified or registered under any applicable state, local, provincial, or other statutes, rules, or regulations. The Fund has not been, and will not be, registered as an investment company under the U.S. Investment Company Act of 1940, as amended. IV Forty Seven (Hu5F9-G4) ST Vasculox ST Celgene (CC-90002) HM Alexo Tioma PO Corvus (CPI-444) + IV Roche (Tecentriq/atezolizumab) ST PO Corvus (CPI-444) ST PO Novartis (PBF-509) NSCLC AstraZeneca/Heptares Domain Therapeutics PO Kyowa Hakko Kirin (istradefylline) * PO Juno Therapeutics/RedoxTherapies (V2006/vipadenant) *Marketed Parkinsons in Japan ••• MEL Incyte (INCB24360/epacadostat) PO + Merck (Keytruda/pembrolizumab) IV •/•• ST •• ST Incyte (INCB24360/epacadostat/INCB24360) PO +Bristol-Myers Squibb (Opdivo/nivolumab) IV •• MDS •/•• OC Incyte (INCB24360/epacadostat) PO + Roche (Tecentriq/atezolizumab) IV NSCLC •• OC •• CC •• MDS Incyte (INCB24360/epacadostat) PO •/•• ST iTeos Therapeutics/Pfizer ioMET Pharma/Merck RedX Oncology Bristol-Myers Squibb/Flexus Nektar (NKTR-218) Ensemble Therapeutics PC •• DLBCL •• RCC •• FL •• GLI •/•• Medivation/CureTech (Pidilizumab/CT-011) IV Evelo Vedanta Macrophage Therapeutics Trillium Therapeutics (CD200Fc) Trillium Therapeutics (TTI-621) SHT Innate Pharma/Orega Biotech Alexo Tizona Therapeutics PO Dompe (Reparixin) •• BC IV Bristol-Myers Squibb (Humax-IL-8) •/•• ST Incyte (INCB-39110) •/•• ST PO Aminex (AMX-513) KYN Therapeutics IT Philogen (Fibromun/L19-TNF) •• SAR * *Soft Tissue Sarcoma M MEL Boehringer Ingelheim (Beromun; isolated limb perfusion) M SAR SC Merck (Sylatron/peginterferon α-2b) M MEL IT/SC CEL-SCI (Multikine) ••• HNC Tilos Therapeutics Isarna (Trabedersen) IV Huabo Biopharm (HB-002) ArGEN-X (ARGX-115) IB FKD Therapies Oy (Instiladrin/rAdIFN w/ Syn3) •• UCC M NHL M MEL SC/IM/IC Merck (Intron-A/interferon α-2b) M CLL Merck (SC Intron-A/interferon α-2b + IV Keytruda/pembrolizumab) MEL Roche (IV Tecentriq/atezolizumab + SC interferon-α2b) Scholar Rock/Janssen Novartis (Xoma-089) M NHL M MEL SC Roche (recombinant interferon alfa-2a (Roferon-A)) M CLL PO NewLink Genetics (NLG8189/indoximod) •/•• NovImmune (NI-1701) HM PO Bristol-Myers Squibb/Aslan (ASLAN002) •• * GASTRIC *In Asia IV Infinity Pharmaceuticals (IPI-549) PO + Merck (Keytruda/pembrolizumab) ST PO Infinity Pharmaceuticals (IPI-549) ST IB BDI Pharma/Sanofi Aventis (TheraCys) M UCC Peregrine Pharmaceuticals (bavituximab) + IV AstraZeneca (MEDI-4736/durvalumab) •/•• ST •/•• MEL •/•• HCC CRC NSCLC *DIS- CONTINUED BC *DIS- CONTINUED IV Peregrine Pharmaceuticals (bavituximab) PDAC *DIS- CONTINUED *Suspended ••• PVNS •• GBM •• BC PO Daiichi Sankyo (Pexidartinib/PLX-3397) •/•• AML PO Daiichi Sankyo (Pexidartinib/PLX-3397) + IV Merck (Keytruda/pembrolizumab) •/•• MEL PO Deciphera (DCC-3014) PO Daiichi Sankyo (AC708) •• PVNS RCT:4Q17 IV Novartis (MCS-110) •• BC RCT:MY18 IV Roche (Emactuzumab/RG-7155 + Tecentriq/Atezolizumab) ST IV Roche (Emactuzumab/RG-7155) •/•• PVNS IV Five Prime Therapeutics (FPA-008) + IV Bristol-Myers Squibb (Opdivo/nivolumab) •/•• IV Five Prime Therapeutics (FPA-008) •/•• PVNS Amgen (AMG-820) + IV Merck (Keytruda/pembrolizumab) ST Amgen (AMG-820) ST IV Eli Lilly (IMCCS4) ST IV Transgene (TG3003) IV Takeda (TAK-202/plozalizumab) + IV Bristol-Myers Squibb (Opdivo/nivolumab) MEL PO Pfizer (PF-04136309) •/•• PDAC PO ChemoCentryx (CCX872) •b PDAC M MCL PO AbbVie/JNJ (Imbruvica/ibrutinib) M CLL •/•• ST PO AbbVie/JNJ (Imbruvica/ibrutinib) + IV AstraZeneca (MEDI-4736/durvalumab) •/•• PDAC •• PDAC RCT:MY17 •• HNC RCT:3Q17 •• UCC RCT:MY17 •• OC RCT:YE17 •• NSCLC RCT:YE17 PO Acerta Therapeutics (ACP196/acalabrutinib) + IV Merck (Keytruda/pembrolizumab) •/•• GBM REDX Oncology Advinus Therapeutics Multimeric Biotherapeutics Apogenix GmbH (APG-1232) IV/IT Janssen/Alligator Bioscience (ADC-1013) ST IV Roche (RG7876+Tecentriq/atezolizumab) ST Roche (RG7876) ST IV Apexigen (APX005M) + IV Merck (Keytruda/pembrolilzumab) ST IV Apexigen (APX005M) ST IV Seattle Genetics (SEACD40) ST IV Cancer Research UK (Chi Lob 4/7) ST Bristol-Myers Squibb Celldex (CD40 agonist antibody) IT Pfizer (CP-870893) ST IM/TOPICAL Dynavax (SD101) •• BC IB Exicure (AST-008) BC IT Idera Pharmaceuticals (IMO-2125) IT Fortress Bio (CMP-001) TOPICAL Medicis/3M Pharmaceuticals (Aldara/imiquimod) M/G BCC IB Telormedix (TMX101) •• UCC IT Immune Design (ID-G100) + IV Merck (Keytruda/pembrolizumab) •/•• NHL SAR IT Immune Design (ID-G100) MCC IM GSK (monophosphoryl lipid A (MPL) in Cervarix vaccine) M CC IM GSK (SB-AS02B adjuvant) •• MEL IT Novartis/Aduro Biotech (ADU-S100) ST IFM Therapeutics Novartis/Surface Oncology Piper Therapeutics IV AstraZeneca (MEDI-9447) ST Corvus Juno Therapeutics/RedoxTherapies AstraZeneca (PO AZD5069 + IV durvalumab) •/•• PDAC PO AstraZeneca (AZD5069) •/•• HNC •/•• BC •/•• NSCLC PO Incyte (Jakafi/Ruxolitinib) ST •• PDAC PO Gilead (Momelotinib) NSCLC ioMET Pharma RedX Oncology Bristol-Myers Squibb/Flexus Roche/Curadev (RG70099) Pfizer/iTeos Therapeutics ioMET Pharma RedX Oncology Bristol-Myers Squibb/Flexus •• PDAC RCT:YE16 •• GBM RCT:MY16 •• CRC •• PC PO Eli Lilly (LY2157299/galunisertib) + IV Bristol-Myers Squibb (Opdivo/nivolumab) •• OC PO Eli Lilly (LY2157299/galunisertib) ST MedPacto (TEW-7197) ST Bristol-Myers Squibb/Rigel •• HNC IV/SC Celgene/VentiRx Pharmaceuticals (VTX2337) •• OC •/•• NSCLC IV Biothera (Imprime PGG) •/•• CRC TOPICAL 3M Pharmaceuticals/Celldex (resquimod) •/•• NHL IM/IT Oncovir (Hiltonol/poly ICLC) •• MEL SC Mologen (MGN1703) •• SCLC IT/IV Checkmate (CMP-001) IM/IT Immune Design (IDC-G305/GLAAS) HT IM GSK (SB-AS15 adjuvant) •• MEL IT Rigontec GmbH (ImOI100) •• BC •/•• MEL SC Prima Biomed (IMP321) RCC Corvus Confluence Life Sciences NextCure Torque Therapeutics See Immuno-Oncology: CAR-T See Immuno-Oncology: Cancer Vaccines Unknown survival benefit mAbs TLR2 and TLR4 Expressed predominately on monocytic cells TLR3 Endosomal TLR expressed in dendritic cells TLR4 Expressed predominately on monocytes, mature macrophages and dendritic cells, mast cells and the intestinal epithelium. TLR7 and TLR8 Found in endosomes of monocytes and macrophages, with TLR7 also being expressed on plasmacytoid dendritic cells and TLR8 also being expressed in mast cells TLR7 Found in endosomes of monocytes, macrophages and plasmacytoid dendritic cells TLR9 Expressed in endosomes of monocytes, macrophages and plasmacytoid dendritic cells TLR4 and TLR9 Expressed predominately on monocytes, mature macrophages and dendritic cells TLR4 Expressed predominately on monocytes, mature macrophages and dendritic cells, mast cells and the intestinal epithelium. TLR8 Found in endosomes of monocytes, macrophages and mast cells TLR9 Expressed in endosomes of monocytes, macrophages and plasmacytoid dendritic cells TLR agonists TLRs regulate tissue homeostasis and can prime APCs to respond to foreign antigens Deliver mycobacteria to tumor Inhibit adenosine signaling Adenosine promotes differentiation of immunoinhibitory Tregs Inhibit polyamide synthesis and uptake The presence of polyamines such as IDO, arginase, and adenosine promotes the presence of MDSC as well as Tregs Inhibit CCR2 Promote differentiation of MDSC into mature, non-suppressive cells Inhibit IL-8/IL-8RB (CXCR2) signaling Paracrine signaling by tumor-derived IL-8 to CXCR1 and CXCR2 promotes the trafficking of neutrophils and MDSCs into the tumor microenvironment. IL-8 also has a role in the development of cancer stem cells. Inhibit Bruton’s tyrosine kinase (BTK) Targeting BTK inhibits MDSC migration into tissues and expression of suppressive factors such as nitric oxide (NO) as well as Tregs Inhibit Janus kinase (JAK) Decrease inflammatory cytokines that recruit MDSCs Target other components of the IDO/TDO pathway Unknown target in IDO/TDO pathway Alternatively spliced extradomain-B of fibronectin Adenovirus expressing IFNα2b Kynurenine TGFβ pathway inhibition with mAb against latency associated peptides TGFβ2 antisense TGFβ- and VEGF-targeting bifunctional fusion protein Anti-GARP mAb - inhibitor of TGFβ release Genetically modified non-replicating virus to the tumor Long-acting Less frequent injections Not targeted with a mAb Limited to use in isolated limb perfusion Targeted with a mAb Short-acting more frequent injections Block IL-35 Tregs secrete IL-35, which promotes Treg proliferation Decrease adenosine production via the ectonucleotidases CD39 and CD73 CD73 antagonist CXCR2 JAK1/2 Second-generation BTK inhibitor Potential for better safety profile (lower infection risk, bleeding risk, and GI tox) due to improved specificity First-generation BTK inhibitor Selectivity problems associated with: BTK: infection risk | EGFR: GI tox, and rash | JAK3: bleeding CD39 antagonist IL-8 CXCR2 and IL-8 JAK1 Attenuated bacillus Calmette-Guerin/BCG Anti-CD206 mAb conjugated to a cytotoxic payload Undisclosed mechanism Hypothesized synergy with PD1 Provide S. cerevisiae polysaccharide STING agonists Induces IFN-β production which primes T cells Drives abscopal response in preclinical studies RIG-I agonist Expressed ubiquitously Induces IFN-β production which primes T cells Formulated CD40L Class has proven survival benefit Celgene/Jounce Therapeutics (JTX-2011) •/•• GSK (GSK3359609) INSERM MSKCC Bristol-Myers Squibb Principia Biopharma Takeda Bristol-Myers Squibb Novartis GSK Sanofi Ablynx/Merck Compugen/Bayer F-star/AbbVie Morphosys/Merck KGaA Sutro Biopharma/Celgene Symphogen/Baxalta Arcus Biosciences Alpine Immune Sciences Compass Therapeutics Harpoon Therapeutics ImmuneXcite Kymab OncoResponse Trellis Bioscience Zymeworks Applied Immune Technologies Pelican Therapeutics (PTX-25A) IV Pfizer (PF-04518600) + IV Pfizer/Merck KGaA (Avelumab) ST Roche (IV RG7888 + IV Tecentriq/atezolizumab) ST IV Roche (RG7888) ST IV AstraZeneca (MEDI0562 + durvalumab) ST IV AstraZeneca (MEDI0562) ST IV GSK (GSK3174998) + IV Merck (Keytruda/pembrolizumab) ST IV GSK (GSK3174998) ST IV Bristol-Myers Squibb (BMS-986178 + Opdivo/nivolumab) ST IV Bristol-Myers Squibb (BMS-986178) •/•• ST •• PC IV AstraZeneca (MEDI6469) BC Alligator Bioscience (ADC-1015) Agenus/Incyte (INCAGN01949) Apogenix GmbH Apogenix GmbH (ox-40 agonist) IV AstraZeneca (MEDI6383) ST •• CLL IV Bristol-Myers Squibb (Urelumab) •• NHL IV Pfizer (PF05082566/utomilumab) + IV Pfizer/Merck KGaA (Avelumab) ST IV Pfizer (PF05082566/utomilumab) + IV Merck (Keytruda/pembrolizumab) ST ST IV Pfizer (PF05082566/utomilumab) NHL Bristol-Myers Squibb (IV Urelumab + IV Opdivo/nivolumab) ST Apogenix GmbH (4-1bb agonist) Bioinvent International Multimeric Biotherapeutics Bristol-Myers Squibb (IV BMS-986156 + IV Opdivo/nivolumab) •/•• SHT Novartis (IV GWN323 + IV PDR001) •/•• SHT IV Incyte/Agenus (INCAGN1876) •/•• ST Merck (IV MK-1248+ IV Keytruda/pembrolizumab) ST IV Leap Therapeutics (TRX-518) MEL IV Merck (MK-4166) ST IV AstraZeneca (MEDI1873) ST IV Amgen (AMG 228) ST Fortress Bio/TG Therapeutics (anti-GITR) Regeneron/Sanofi (anti-GITR) Merck (mDTA-1) IV Five Prime Therapeutics (FPA154) IV OncoMed Pharmaceuticals (GITRL-Fc) PF-04518600+Avelumab: 1Q18 OX40/CD134 agonists OX40 is expressed on T cells, NK T cells, neutrophils and and NK cells; T cell expression is transient after TCR ligation. Most potent at stimulating CD4+ helper T cell response. Promotes T cell memory response IMP321: MY19 Provide anti-MHCII-LAG3-IgG1 fusion protein Promotes APC activation by binding to MHCII Multikine: YE17 Multikine mixture Proprietary mix of 19 cytokines, chemokines and other immune system molecules (no antigens, not a vaccine). Inton-A Interferon-α (IFNα) Enhances T-cell and DC response via a poorly-characterized MoA Associated with dose-limiting AEs, including influenza-like symptoms (fatigue, fever, headache and muscle aches), nausea, dizziness, anorexia, depression and leukopenia Beromun TNFα Toxic to tumor neovasculature and activates the endothelium; highly toxic if used systemically ADC-1013:3Q17 Target CD40 Expressed on activated APCs and B cells Promotes antigen-specific T cell response emactuzumab+Tecentriq: 3Q18 Drive M2¨M1 macrophage differentiation Target CD200/CD200R Tumor expressed CD200 prevents macrophage activation TTI-621: YE16 Target SIRPα/CD47 CD47 on tumor cells bind to SIRPα on macrophages to prevent phagocytosis TheraCys Activate immune response with microbesm Likely activates the immune system through TLR stimulation among other pathways ADU-S100: MY17 Target pattern recognition receptors Recognize pathogen and damage-associated molecular patterns and activate a response Utomilumab +Avelumab: YE17 4-1BB/CD137 agonist mAbs 4-1BB is expressed on T cells and NK cells. Promotes activation and proliferation of T cells IV Celldex (varlilumab) + IV Bristol-Myers Squibb (Opdivo/nivolumab) ST IV Celldex (varlilumab) + IV Roche (Tecentriq/atezolizumab) •/•• RCC IV Celldex (varlilumab) •/•• SHT Apogenix GmbH (CD27 agonist) Aduro BioTech (BION-1402) ST •/•• Merck/cCAM Biotherapeutics (CM-24 + Keytruda/pembrolizumab) IV ST •/•• Merck (CM-24) IV Agenus MEL Galectin Therapeutics (GR-MD-02) IV + Merck (Keytruda/pembrolizumab) IV MEL Galectin Therapeutics (GR-MD-02) IV Roche Alligator Biosciences (ADC-1015) Anaeropharma Sciences (ADC-1015) Hanmi Pharma (CTLA4/TNF-α targeting therapeutics) ST Aurigene/Curis (CA-170) PO BC •• GBM Ziopharm (Ad-RTS IL-12) IT OC •• GBM Celsion (GEN-1) IP HCC RCC Immunicum (COMBIGDC) IT ST CRC GSK/AstraZeneca (AMP-224) IV/IV DIS- CONTINUED MEL •• Bristol-Myers Squibb (recombinant IL-21/denenicokin) SC/IV DIS- CONTINUED Bristol-Myers Squibb (recombinant IL-21/ denenicokin IV) + (Opdivo/nivolumab IV) NSCLC ••/• Altor Bioscience (ALT-803) ISC/V + Bristol-Myers Squibb (Opdivo/nivolumab) IV UBC ••/• NHL ••/• MEL ••/• MM ••/• PDAC ••/• HT Altor Bioscience (ALT-803) ISC/V ST •/•• Armo Biosciences (AM0010/pegylated IL10) ID + Merck (Keytruda/pembrolizumab) IV ST •/•• Armo Biosciences (AM0010/pegylated IL10) ID Merck (MK1966) MEL M RCT:3Q20 UCC ••• NSCLC M CRC ••• RCC M RCT:1Q19 PDAC •• HL M NHL •• HNC M OC •/•• RCT:2Q17 GBM ••• BC RCT:3Q17 SCLC ••• PC RCT:MY19 HCC ••• GASTRIC RCT:3Q19 ESO ••• Bristol-Myers Squibb (Opdivo/nivolumab) IV MEL M RCT:YE17 OC •• NSCLC M MCC •• HNC M BT •• RCT:3Q20 UCC ••• SAR •• RCT:3Q17 BC ••• RCT:1Q18 NHL •/•• RCT:1Q18 GASTRIC ••• RCT:2Q21 RCC •/•• RCT:1Q18 HL ••• PC •/•• RCT:3Q18 MM ••• CLL/SLL •/•• RCT:MY18 ESO ••• SCLC RCT:1Q19 HCC ••• MES RCT:3Q19 CRC ••• AC DLBCL ••• Merck (Keytruda/pembrolizumab) IV SCC •• SHT Regeneron/Sanofi (REGN2810) IV ST •/•• Incyte/Jiangsu Hengrui Medicine (SHR-1210) ST AstraZeneca (MEDI0680) IV ST Pfizer (PF-06801591) IV ST BeiGene (BGB-A317) IV ST Tesaro (TSR-042) IV ST Sorrento Therapeutics/Servier (STI-A1110) MEL •• OncoSec (OMSI100) + Merck (Keytruda/pembrolizumab) IT/IV MEL •• MCC •• HNC •• CTL •• BC OncoSec (OMSI100) IT NeoImmuneTech (NIT-02) IV Alkermes (ALKS 4230) IV Novartis (het IL-15) SC NCI (CYT107) IV ST •/•• Nektar (NKTR-214) IV SMM •• University of Arkansas/Millenium IV AML •/•• University of Texas M.D. Anderson Cancer Center IV AML •/•• Fortress Bio (CNDO-109-activated allogeneic NK cells) IV Nantkwest (haNK) IV Innate Pharma (IPH4031) AML Glycostem Therapeutics (oNKord) IV Celgene Fate Therapeutics Ziopharm MCC •• AML Nantkwest (aNK/NK-92) IV HNC •/•• OC •/•• CLL •/•• Innate Pharma/AstraZeneca (IPH2201) IV MDS •• Innate Pharma/Bristol-Myers Squibb (lirilumab IV+ Opdivo/nivolumab IV) ST AML •• MM •• AML •• CLL •• Innate Pharma/Bristol-Myers Squibb (lirilumab) IV ST Roche (RO6874281) IV ST Roche (RO6895882) IV Merck KGaA (Selectikine/EMD 521873) IV MEL •• Philogen (Darleukin/L19-IL-2) IV ST NCI (rIL-15) I IV Oxis Biotech (OXS-3550) Armo (AM0015) Merck KGaA (NHS-IL12) SC Kadmon (KD033) MEL •• Lion Biotechnologies (LN-144) IV NASO •• Dana Farber Cancer Institute (Biological: Epstein-Barr Virus Specific Immunotherapy) IV Cell Medica (CMD003) IV NHL •/•• Alopexx (DI-Leu16-IL2) IV MCC •• AML Philogen (Teleukin/F16-IL2) IV RCC M MEL •• Nestle Health Science (Proleukin/aldesleukin) IV MEL •/•• UCC •/•• MM •/•• Altor Bioscience (ALT-801) IV Company (Drug) Inidication 2016 2017 2018 2019 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Activate T cell response T cell growth factors IL-2 Nektar (NKTR-214) ST IL-15 Altor (ALT-803) + Bristol-Myers Squibb (Opdivo/nivolumab) NSCLC IL-7 NCI (CYT107) PC IL-12 OncoSec OMSI100 MEL IL-10 Armo (AM0010/pegylated IL10) ST Inhibition of T cell immune evasion PD1 Bristol-Myers Squibb (Opdivo/nivolumab) GBM HCC SCLC EC UCC Merck (Keytruda/pembrolizumab) UCC BC HL EC MM HCC Gastric CRC RCC PDL1 Roche (Tecentriq/atezolizumab) SCLC CRC RCC BC AstraZeneca (durvalumab/MEDI-4736) NSCLC HNC UCC HCC BC Pfizer/Merck KGaA (Avelumab) NSCLC Gastric OC RCC UCC MCC CTLA4 Bristol-Myers Squibb (Yervoy/ipilimumab) MCC AstraZeneca (tremelimumab) OC PD1 + CTLA4 Bristol-Myers Squibb (Opdivo/nivolumab + Yervoy/ipilimumab) GBM NSCLC SCLC RCC HNC Merck (Keytruda/pembrolizumab) + Bristol-Myers Squibb (Yervoy/ipilimumab) MEL PDL1 + CTLA4 AstraZeneca (durvalumab/MEDI-4736+ tremelimumab) HNC UCC NSCLC HCC GEJ LAG3 Bristol-Myers Squibb (BMS-986016 +Opdivo/nivolumab) ST B7-H3 MacroGenics (Enoblituzumab/MGA271) + Merck (Keytruda/pembrolizumab) ST TIM3 Novartis (MBG453 +PDR001) ST VISTA ImmuNext/Janssen (JNJ-61610588) ST CEACAM1 Merck (CM-24) ST Galectin-3 Galectin (GR-MD-02) + Merck (Keytruda/pembrolizumab) MEL T cell costimulatory factors OX40 Pfizer (PF-04518600) + Pfizer/Merck KGaA (Avelumab) ST 4-1bb Pfizer (utomilumab/PF05082566;IV) + Pfizer/Merck KGaA (Avelumab) ST GITR Bristol-Myers Squibb (BMS-986156 + Opdivo/nivolumab) ST CD27 Celldex (varlilumab) + Roche (Tecentriq/atezolizumab) ST Target NK cells Disinhibit NK cells Innate Pharma/Bristol-Myers Squibb (lirilumab + Opdivo/nivolumab) ST Activate NK cells Nantkwest (aNK/NK-92) AML Reverse suppressive microenvironment Broadly acting cytokines CEL-SCI (Multikine) HNC TGFβ inhibitors Eli Lily (galunisertib/LY2157299) ST iDO inhibitors Incyte (epacadostat/INCB24360) + Merck (Keytruda/pembrolizumab) MEL Target MDSCs Acerta (acalabrutinib/ACP196) + Merck (Keytruda/pembrolizumab) PDAC UCC Target T-regs Corvus (CPI-444) + Roche (Tecentriq/atezolizumab) ST Target APCs Disinhibit SIRPα/CD47 Trillium Therapeutics (TTI-621) HM Target M2 macrophages Roche (emactuzumab/RG-7155 + Tecentriq/Atezolizumab) ST Activate Pattern Recognition Receptors Novartis/Aduro (ADU-S100) ST CD40 Roche (RG7876+Tecentriq/atezolizumab) ST MHC-II Prima Biomed (IMP321) ST NCT02009449 1Q17 1/2 NCT02523469 YE18 1/2 MY17 1/2 NCT01881867 1Q17 2 NCT02017717 2Q17 3 NCT02256436 2Q17 3 NCT02352948 2Q17 P NCT02555657 MY17 3 NCT02516241 3Q17 3 NCT02551159 3Q17 3 NCT02395172 3Q17 3 NCT02551159 3Q17 3 NCT02516241 3Q17 3 NCT02352948 YE17 3 NCT02625623 3Q17 3 NCT02519348 3Q17 2 NCT02155647 3Q17 2 NCT02196961 MY17 2 NCT02017717 2Q17 3 NCT02506153 YE17 3 NCT02576509 3Q17 3 NCT02538666 2Q18 3 NCT02684292 1Q18 3 NCT02580058 1Q18 3 NCT02477826 1Q18 3 NCT02519348 1Q18 2 NCT02538666 2Q18 3 NCT02564263 MY18 3 NCT02684006 MY18 3 NCT02725489 MY18 2 NCT02576977 3Q18 3 NCT02702401 1Q19 3 NCT02743494 3Q19 3 NCT02494583 3Q19 3 NCT02563002 3Q19 3 NCT02603432 3Q19 3 NCT02231749 3Q19 3 NCT02741570 1Q20 3 NCT02763579 MY19 3 NCT02788279 2Q19 3 NCT02632409 3Q20 3 NCT02420821 3Q20 3 NCT02425891 3Q20 3 NCT02811861 4Q20 1 NCT01502293 MY18 2 NCT02485990 3Q19 1/2 NCT02340975 4Q17 1/2 NCT01968109 2Q18 1 NCT02671955 2Q18 1 NCT02575404 1Q18 1 NCT02554812 1Q18 1 NCT02179918 1Q17 1 NCT00900809 YE16 1 NCT02663518 YE17 1 NCT02675439 MY17 1 NCT02304393 YE17 1 NCT01265849 YE17 3 NCT02346955 2Q19 1 NCT02475213 3Q18 1 NCT01592370 YE17 2 NCT02760797 3Q18 1 NCT02608268 MY18 1 NCT02304419 MY18 2 NCT02752074 MY18 3 NCT02362048 MY17 2 NCT02351739 MY17 2 NCT02614833 MY19 2 NCT02598960 MY18 1 NCT02655822 3Q17 1/2 NCT02543645 YE17 1/2 io: milestones Cancer Abbreviations Hematological Tumors Solid Tumors ALL Acute Lymphoblastic Leukemia AC Anal Cancer AML Acute Myeloid Leukemia BCC Basal Cell Carcinoma ASM Aggressive Systematic Mastocytosis BC Breast Cancer CEL Chronic Eosinophillic Leukemia BT Biliary Tract CLL Chronic Lymphocytic Leukemia CC Cervical Cancer CML Chronic Myeloid Leukemia CIN Cervical Intraepithelial Neoplasia CTCL Cutaneous T-Cell Lymphoma CHOR Chordoma DLBCL Diffuse Large B Cell Lymphoma CRC Colorectal Cancer FL Follicular Lymphoma DFSP Dermatofibrosarcomic Protuberans HES Hypereosinophillic Syndrome EC Esophageal Cancer HCL Hairy Cell Leukemia FTC Fallopian Tube Cancer HL Hodgkin Lymphoma GEJ Gastric or Gastro Esophageal Junction Cancer MCL Mantle Cell Leukemia GIST Gastrointestinal Stromal Tumor MLL-r Rearranged Mixed Lineage Leukemia GASTRIC Gastric Cancer MM Multiple Myeloma GLI Glioma MDS Myelodysplastic Syndrome HNC Head and Neck Cancer NMC NUT-Midline Carcinoma HCC Hepatocellular Carcinoma WM Waldenstrom Macroglobulinemia HPV Human Papilloma Virus associated Cancers NMC NUT-Midline Carcinoma LC Lung Cancer WM Waldenstrom Macroglobulinemia MA Malignant Ascites iNHL Indolent Non-Hodgkin’s Lymphoma MEL Melanoma NHL Non-Hodgkin Lymphoma MCC Merkel Cell Carcinoma NMC NUT-Midline Carcinoma MES Mesothelioma WM Waldenstrom Macroglobulinemia MTC Medullary Thyroid Carcinoma iNHL Indolent Non-Hodgkin’s Lymphoma NASO Nasopharyngeal Clinical stage codes Preclinical/Discovery OTC Over-the-Counter Phase 1 NDA New Drug Application •• Phase 2 BLA Biologics License Application ••• Phase 3 MAA Marketing Authorization Application (Europe's NDA) M Marketed D Dormant/discontinued G Generic Ñ Failed RCT Randomized Controlled Trial CP Compounding Pharmacy IST Investigator-Sponsored Trial PD(L)1 PDUFA PDUFA POC: Unknown ANDA Abbreviated New Drug Application POC: Validated OL Off-label POC: Failed Routes of delivery IV Intravenous IB Intravesical/Intrabladder ID Intradermal IC Intracerebral IM Intramuscular EC Epicutaneous SC Subcutaneous IN Intranasal PO Oral Dosage IVT Intravitreal QD Once a day Intrathercal Intrathecal BID Twice a day IT Intratumoral TID Three times a day TD Transdermal QW Once a week IPL Intrapleural Q2W Once every 2 weeks IP Intraperitoneal QM Once a month Provide T-cell growth factors Inhibit T-cell immune evasion pathways Immune signals are weakened as a result of immune cell exhaustion or immunosuppressive elements of the tumor microenvironment; can be optimized to clear regulatory T cells via ADCC Class has confirmed overall survival benefit and has induced long-term cures Anti-NKG2A mAbs NKG2A is an inhibitory receptor on NK cells and some CD8+ T cells that binds overexpressed HLA-E on tumor cells. Anti-MICA/MICB mAbs MICA/B overexpression on tumor cells disrupts costimulatory signaling through NKG2D on NK cells and some T cells. Not antigen-specific See ‘T-cell Growth Factors’ Off-the-shelf human NK cell line Irradiated cell line Can be manufactured at central facility Must be manufactured in-house High-affinity binding to antibodies Added synergy with mAbs such as Rituxin or Herceptin Ex vivo IL-21-activated allogeneic NK cells No added specificity Ex vivo-expanded autologous NK cells Patient-specific manufacturing See Immuno-Oncology: CAR-T NK-cell growth factors Antigen-specific Signals through IL-2Rγ Shares part of signaling pathway with validated IL-2 Does not signal through IL-2R Eliminate capillary leak syndrome, more convenient dosing Shielded from activating T cells in peripheral blood Selective for effector T cells over regulatory T cells Reduced IL-2Rα binding Allows for receptor recycling PEGylation enhances tumor targeting Antibody targeting to tumor Localization may still be driven by IL-2 binding Broad range Antigen target is expressed in wide range of tumor types Broad range Antigen target is expressed in wide range of tumor types Anti-DNA antibody Anti-fibroblast activation protein (FAP) antibody fusion Anti-carcinoembryonic antigen (CEA) antibody fusion Electroporation delivery Blocking PDL2-Fc fusion protein Oral PDL1/PDL2/VISTA-targeted Non-replicating adenovirus IL-12 production activated by oral veledimex PEG-polyethylenimine-cholesterol lipopolymer carrier Allogenic dendritic cells that release cytokines Recombinant protein Anti-CD20 antibody p53-specific single chain TCR Targeted with PDL1 mAb Nektar (NKTR-255) PEGylation enhances half life Recombinant protein ECM glycoprotein tenascin-C Alternatively spliced extra-domain B (EDB) of fibronectin Narrow range Antigen target is expressed in subset of tumor types Narrow range Antigen target is expressed in subset of tumor types Genetically-engineered vector No genetic engineering PD1 PDL1 Reduced IL- 2Rα binding Allows for receptor recycling IL-2 fused to targeting molecule Selective for effector T cells over regulatory T cells Not selective for effector T cells Not shielded from activating T cells in peripheral blood Associated with capillary leak syndrome, must be dosed in specialized setting Tumors are surgically removed, tumor infiltrating leukocytes are isolated and expanded in a central facility, and re-infused into patients Pre-existing Epstein-Barr virus-specific T cells are expanded ex vivo from peripheral blood Peripheral PBMCs are infected with EBV and subsequently irradiated to develop autologous EBV-specific T cells Class has unknown overall survival benefit Class has known overall survival benefit Class has unknown survival benefit Disinhibit APCs Amplify existing APC response Educate Dendritic Cells Cancer vaccines target immune response against tumor epitopes Provide broadly-acting cytokines Poorly-defined MOA Unspecified targets within the tumor microenvironment Re-direct T-cell targeting via genetic engineering Induce CTL response by promoting differentiation of Th1-dominant helper T cells Undisclosed platform Unpartnered Class has known survival benefit Unknown survival benefit FAILED IL-21 Activates T cells, particularly along the Th17 and Treg axis by binding IL-21R, which complexes with the γ subunit of IL-2R Can induce proliferation and activation of CD8 cells, but along a less-activated pathway than IL-2, IL-15, or IL-7 Promotes antigen-specific responses and differentiation into plasma cells in B cells Has failed as monotherapy Proleukin IL-2 Canonical T cell growth factor Induces activation and proliferation of NK cells, B cells and monocytes LN-144 Ex vivo T cell growth factors Requires complicated patient specific manufacturing CYT107: 1Q17 IL-7 Augments antigen-specific T cell responses, selectively expanding CTL over Tregs Promotes differentiation of B cells Maintains a stable pool of naive and memory T cells Signals through the IL-7R complexed with the γ subunit of the IL-2R ALT-803+Opdivo: YE18 Signals through IL-2Rγ and IL-2Rβ with no α subunit targeting Unknown phenotype, likely similar to IL-2 and IL-15 Unknown target Anti-TIGIT mAbs TIGIT is expressed on exhausted NK and T cells. Inhibiting TIGIT enhances activation of NK cells and T cells JNJ-61610588:2Q18 Anti-VISTA mAb VISTA is expressed on MDSC and Tregs. Inhibiting VISTA increases proliferation and activation of T cells. CM-24:2Q19 Anti-CEACAM1 mAbs Expression of CEACAM1 on tumors cells can inhibit CTL and NK cells. CEACAM1 is associated with poor prognosis. GR-MD-02+Keytruda: 1Q18 Anti-Galectin-3 mAbs Soluble Galectin-3 is over-produced by tumor cells. Inhibiting Galectin-3 signaling enhances clonal expansion of T cells and prevents anergy. rIL-15:YE16 IL-15 Canonical NK cell growth factor Induces activation and promotion of T cells, which are then biased towards a memory phenotype The receptor IL-15Rα can be presented in trans on an APC or in cis on an NK or T cell IL-15Rα complexes with the β and γ chain of IL-2R to signal OMSI100: MY18 IL-12 Enhances antigen specific response Produced mainly by phagocytic cells in response to antigenic stimulation Activates and induces proliferation of CD8+ T cells and NK cells. Promotes CD4+ T cell differentiation into Th1 AM0010: YE16 IL-10 Usually thought to be immunosuppressive Induces Treg differentiation and inhibits macrophages and dendritic cells but can activate in some cases by inducing T cell activation, clonal response, and tumor infiltration Keytruda PD1 and PDL1/2-targeted agents PD1 is expressed on T cells while its ligands, PDL1/2 are expressed on tumor cells. Blocking this interaction enhances T cell activation and proliferation. Targeting the PD1/PDL1 axis has higher safety and efficacy than targeting CTLA4. aNK:YE16 Provide NK cells lirilumab+pembrolizumab 3Q18 Disinhibit NK cells rIL-15 Has a short half-life and dosing issues Fc fusion Longer acting and better manufacturing yield Superagonist of IL-15 bound to IL-15Rα-Fc fusion Increased serum half-life Fusion protein of IL-2 and IL-2Rα IL-15/IL-15Rα fusion Monospecific mAb UCC M MEL NSCLC M OC RCT:2H16 RCC ••• MM RCT:YE16 BC ••• NHL RCT:2Q19 CRC ••• MDS RCT:MY19 SAR •• AML DLBCL •/•• Roche (Tecentriq/atezolizumab) IV PDUFA:2Q17 NSCLC ••• RCT:4Q17 GASTRIC •/•• RCT:3Q17 HNC ••• CC •/•• RCT:3Q17 UCC ••• MM •/•• RCT:3Q17 HCC •• OC •/•• RCT:MY18 BC •• NHL •/•• RCT:3Q18 MDS •• DLBCL •/•• PDAC •• AstraZeneca (MEDI-4736/durvalumab) IV RCT:3Q17 NSCLC ••• RCT:3Q17 GASTRIC ••• MCC •• RCT:1Q18 OC ••• HNC RCT:MY18 RCC ••• MES RCT:3Q19 UCC ••• Pfizer/Merck KGaA (avelumab) IV ST •• Novartis (PDR001) IV ST Bristol-Myers Squibb (BMS-936559l) IV North Coast Biologics Antitope Tizona Therapeutics JHL Biotech/HumOrigin Biotechnology Corp. (JHL-1155) Aduro Biotech (BION-007) Alligator Bioscience (ADC-1015) Premier Biomedical ST Bristol-Myers Squibb (BMS-986016 IV + Opdivo/nivolumab IV) ST Bristol-Myers Squibb (BMS-986016) IV ST Novartis (IMP701 + PDR001) IV ST GSK (GSK2831781) IV Tesaro (LAG-3 antibody) Agenus/Incyte (LAG-3 checkpoint modulator) MacroGenics (MGD013) ST Novartis (MBG453 +PDR001) IV Tesaro (TSR-022) Agenus (TIM3 antibody) Cellerent (TIM3 antibody) Merus (MCLA-134) Enumeral (TIM3 program) ST MacroGenics (Enoblituzumab/MGA271) IV + Merck (Keytruda/pembrolizumab) IV ST MacroGenics (Enoblituzumab/MGA271) IV BRAIN Y-mAbs Therapeutics (8H9 Mab) IV ST Daiichi Sankyo (DS-5573a) IV ST ImmuNext/Janssen (JNJ-61610588) IV Bristol-Myers Squibb/CytomX Therapeutics (probody drug conjugates) BioAtla (CAB-CTLA4) MEL M RCT:1Q20 HNC ••• RCT:2Q17 GBM ••• CRC •/•• RCT:1Q18 NSCLC ••• Bristol-Myers Squibb (Yervoy/ipilimumab+Opdivo/nivolumab) IV RCT:3Q19 RCC ••• MEL M DIS- CONTINUED SCLC RCT:MY17 MCC •• DIS- CONTINUED NSCLC OC •• DIS- CONTINUED PC BC DIS- CONTINUED GASTIC PDAC Bristol-Myers Squibb (Yervoy/ipilimumab) IV RCT:2Q17 MEL M Bristol-Myers Squibb (Yervoy/ipilimumab) IV + Merck (Keytruda/pembrolizumab) IV ST Bristol-Myers Squibb (Yervoy/ipilimumab) IV + Roche (Tecentriq/atezolizumab) IV NSCLC ••• RCT:3Q17 HNC ••• ST •• RCT:3Q17 UCC ••• RCT:4Q17 GEJ •/•• RCT:YE17 HCC •• AstraZeneca (tremelimumab+durvalumab) IV RCT:3Q19 OC •/•• MES AstraZeneca (tremelimumab) IV ST Agenus (AGEN2041) IV IgG1 mAb Induces ADCC Bacteria that produce single-chain fragment antibodies in hypoxic sites Monospecific mAb Conditionally-active mAb IgG2 mAb Induces less ADCC than IgG1; potentially reduces cytokine release syndrome AE Yervoy CTLA4-targeted agents CTLA4 competes with CD28 in the lymph node to suppress T-cell activation. Blocking CTLA4 preferentially promotes activation of T cells in the lymph node relative to the tumor site. CTLA4 is expressed on Tregs; IgG1 mAb promotes Treg clearance. Lower efficacy and safety than targeting PD1/PD-L1 Preclinical programs Bispecific antibody CTLA4xOX40 CTLA4xTNFα BMS-986016+Opdivo: 2Q18 Anti-LAG3 mAbs LAG3 functions as a negative regulator for T cell responses to MHC class II-presented antigens. Blocks Treg cell-mediated immunosuppression Along with PD1, LAG3 is expressed on exhausted T cells BMS986156+Opdivo: MY18 GITR/TNFRSF18 agonist mAbs GITR is expressed on T cells, B cells, NK cells, and dendritic cells. Enhances effector T cell proliferation and blocks Treg cell-mediated immunosuppression GITR is constitutively expressed on Tregs TNFRSF25/DR3 fusion protein Present on T cells, especially memory T cells. The TNFRSF25 ligand TL1A is expressed on APCs. galunisertib: MY18 Inhibit TGFβ pathway Enhances tumor growth, promotes formation of tumor stroma, and increases metastatic potential TGFβ acts as a tumor growth suppressor during early tumorigenesis. Suppresses Treg activity epacadostat+pembrolizumab: MY18 Inhibit IDO) and/or TDO IDO and TDO deplete tryptophan. Low tryptophan levels promote Treg differentiation and suppress DC function, which dampen the immune response. acalabrutinib+Keytruda: MY17 Target myeloid-derived suppressor cells (MDSCs) MDSCs are immature myeloid cells that maintain the immunosuppressive tumor microenvironment via the production of arginase, IDO, ROS and suppressive cytokines. CPI-444: MY18 Target immunosuppressive function of Tregs ICOS agonist mAbs Expressed on activated T cell The ICOS ligand is expressed on B cells, APCs and some tumor cells. Enoblituzumab+Keytruda: 3Q18 Anti-B7-H3 mAbs B7-H3 shows some homology to PDL1 and is expressed on inhibitory cells. MBG453+PDR001:MY18 Anti-TIM3 mAbs TIM3 is expressed on T cells, NK T cells, and APCs, and is co-expressed with PD1 on exhausted T cells. TIM3 may block enhanced signaling via GAL9. varlilumab+Tecentriq: YE17 CD27 agonist mAbs CD27 is expressed on most effector T cells, some NK cells and some B cells Drives germinal center formation via CD4+ T cells The CD27 ligand CD70 is present on activated T and B cells, dendritic cells and macrophages. TL1A-Ig fusion Selectively inhibit ITK Unknown selectivity for ITK Higher potential for off-target AEs Antibody/antibody-like discovery programs (undisclosed targets) Partnered Antibody/antibody-like discovery programs (undisclosed targets) Inhibit ITK Promotes Th1 differentiation; enhances activation and tumor uptake by APCs May inhibit NK cells Local administration Systemic administration Preclinical IO platforms Drive M2 macrophages to apoptosis Inhibit colony-stimulating factor 1 receptor (CSF1R) inhibitor M2 macrophages depend on CSF1R signaling for survival SIRPα-Fc fusion protein Decoy receptor that blocks CD47 signaling Lower affinity for RBCs; could have less severe hematological toxicity Anti-CD47 mAb Higher affinity for RBCs; could have more severe hematological toxicity Bispecific (CD47xCD19) antibody CD19 expressed on B cells High-affinity soluble SIRPα monomers Tyrosine kinase inhibitor Dosed orally Associated with off-target effects including inhibiting the oncogene c-KIT Inhibit phosphoinositide 3-kinase γ (PI3Kγ) Blocks macrophage differentiation and myeloid cell migration Target phosphatidylserine Drives differentiation of M2 macrophages and production of immunoinhibitory cytokines Inhibit RON Expressed on myeloid cells Tumors secrete RON’s ligand, macrophage stimulating protein (MSP) Decreases production of IL-12, IFNγ and TNF, and increases IL-10 Promotes M2 phenotype mAbs Dosed IV More specific for CSF1R Monospecific antibody Antagonize adenosine A2A receptor Elevated cAMP blunts TCR-mediated cytotoxicity Inhibits effector T cells Expands Treg cells Enhances NK cell cytotoxicity Dual IDO/TDO TDO Upregulated in hepatocytes and in the brain Potential for on-target toxicity IFNα2b IFNα2a IDO Expressed by tumor cells and APC Anti-TGFβ mAb TGFβ kinase inhibitor Derived from stem cells Anti-KIR mAbs KIR is an inhibitory receptor on NK cells that binds HLA-C on tumor cells Activate T-Cell Response Activate Antigen Presenting Cell (APC) Response Non-epitope-specific activation Reverse the Suppressive Microenvironment Activate NK Cells Signal Dendritic Cell CTL Stimulatory Signal CD40 CD40L TL1A TNFRSF25 GITR ligand GITR 4-1BB ligand 4-1BB OX40 ligand OX40 CD70 CD27 HHLA2 TMIGD2 ICOS ligand ICOS CD86 CD28 CD80 Signal 1 MHC class II TCR Inhibitory Signal LAG3 CD86 CTLA4 CD80 PDL1 PDL1 PD1 PDL2 CD80 VISTA ? BTNL2 ? B7-H4 ? B7-H4 ? Butyrophilin famliy ? CD48 CD244 CD155 TIGIT Galectin 9 TIM3 Phosphatidylserine BTLA HVEM CD160 Stimulatory Signal Siglec Family LIGHT Keytruda/anti-PD1 $1.40B (23%) Opdivo/anti-PD1 $3.77B (61%) Yervoy/anti-CTLA4 $1.05B (17%) Potential Cancer Immunotherapy Market $60B The Checkpoint Inhibitor Market in 2016: The Checkpoint Inhibitor Market in 2020 $25.2B 2016 2020 Keytruda/anti-PD1 $5.5B (22%) Opdivo/anti-PD1 $11.9B (47%) Yervoy/anti-CTLA4 $2.0B (8%) Tecentriq/anti-PDL1 $2.8B (11%) Durvalumab/anti-PDL1 $1.0B (4%) Other $2.0B (8%) $6.2B Number of Patients Indication High Overall Response Rate (%) 10 20 30 40 50 60 70 80 90 100 ¥ In combination with pazopanib | § not frontline Signal NK Cell Tumor Cells Siglec family Sialyated glycan Inhibitory Signal KIR MHC Class I CD155 CD96 TIGIT Stimulatory Signal MICA family NKGR2 RAET1/ULBP family Provide T-cell costimulatory factors Provide the ‘second signal’ after TCR engagement to induce proliferation of existing antigen-specific T cells • Can be optimized to clear Tregs via ADCC 0 0 Patients Surviving (%) Months: Hazard Ratio: 0.52 (99.79% CI, 0.26 to 0.55) P<0.001 Robert, C., Long, G.V., Brady, B., Dutriaux, C., Maio, M., Mortier, L. et al, Nivolumab in previously untreated melanoma without BRAF mutation. N Engl J Med. 2015;372:320–330. Nivolumab (N=210) Dacarbazine (N=208) 50/210 96/208 not reached 10.8 (9.3-12.1) 3 9 6 12 15 18 Patients who Died Median Survival (95% CI) 60 10 20 30 40 50 60 70 80 90 100 overall survival 0 0 Overall Survival (%) Months: Hazard Ratio: 0.37 (95% CI, 0.26-00.55) P<0.001 Chapman, P.B., Hauschild, A., Robert, C., Haanen, J.B., Ascierto, P., Larkin, J. et al, Improved survival with vemurafenib in melanoma with BRAF V600E mutation. N Engl J Med. 2011;364:2507–2516. Vemurafenib (N=336) Dacarbazine (N=336) 1 2 3 9 4 5 6 7 8 10 11 12 10 20 30 40 50 60 70 80 90 100 overall survival efficacy Immuno-Oncology Abbreviations 4-1BB/CD137 TNF receptor superfamily member 9 LTA lymphotoxin-α BTLA B and T lymphocyte attenuator MIC MHC class I polypeptide-related sequence BTNL2 butyrophilin-like protein 2 MICA MHC class I polypeptide-related sequence A BTK Bruton’s tyrosine kinase MICA/MICB MHC class I polypeptide-related sequence A/B CEACAM1 Carcinoembryonic antigen-related cell adhesion molecule 1 NK Natural killler CSF1R colony-stimulating factor 1r NKG2A Killer cell lectin-like receptor subfamily C member 1 CTLA4 Cytotoxic T lymphocyte associated protein 4 OX40/CD134 Tumor necrosis factor (TNF) receptor superfamily member 4 CXCL12 chemokine (C-X-C motif) ligand 12 PBMC Peripheral blood mononuclear cell CXCR4 C-X-C chemokine receptor type 4 PD1 Programmed cell death 1 FAET1/ULBP retinoic acid early transcripts 1/UL16-binding protein PDL1/2 PD1 ligand 1/2 GARP leucine-rich repeat containing 32 PVR poliovirus receptor GITR/TNFRSF18 Glucocorticoid-induced TNF receptor-related protein RON Recepteur d’Origine Nantais GM-CSF granulocyte–macrophage colony-stimulating factor SHT Solid and Hematological Tumors HHLA2 HERV-H LTR-associating protein 2 Siglec sialic acid-binding immunoglobulin-type lectin HT Hematological Tumors SIRPα signal-regulatory protein HVEM herpes virus entry mediator ST Solid Tumors ICOS Inducible T cell co-stimulator STING transmembrane protein 173 ICOSL inducible T cell co-stimulator ligand TGFβ transforming growth factor-β IDO/TDO Indoleamine 2,3-dioxygenas / Tryptophan 2,3-dioxygenase TIGIT T cell immunoreceptor with Ig and ITIM domains IFN Interferon TIM3 T cell immunoglobulin and mucin domain 3 IFNγ interferon-γ TL1A TNF-like ligand 1A IgSF immunoglobulin superfamily TMIGD1/2 transmembrane and immunoglobulin domain-containing protein 1/2 ILT immunoglobulin-like transcript TNFR TNF receptor ITK IL2-inducible T-cell kinase TNFRSF25/DR3 TNF receptor superfamily member 25 JAK Janus Kinase TNFα tumour necrosis factor-α. KIR Killer cell immunoglobulin-like receptor VEGF vascular endothelial growth factor LAG3 Lymphocyte-activation gene 3 VISTA V-region immunoglobulin-containing suppressor of T cell activation LIR leukocyte immunoglobulin-like Monospecific mAb immuno-oncology february 2017 general disclaimers: The information contained herein (the “Materials”) regarding RA Capital Management, L.P. and its affiliates and/or any investment products it advises (collectively, “RA Capital”) is provided for informational and discussion purposes only and is not, and may not be relied on in any manner, as legal, tax, or investment advice. Each recipient should make its own investigations and evaluations of RA Capital, any investment products it advises, and the Materials, and should consult its own attorney, business adviser, and tax adviser as to legal, business, tax, and related matters concerning the Materials. The information contained in the Materials is not intended to be, and should not be viewed as, “investment advice” within the meaning of 29 C.F.R. §2510.3-21 or otherwise. The Materials are not an offer or solicitation for the purchase or sale of any security including any interest in RA Capital Healthcare Fund, L.P. (the “Master Fund”) or RA Capital Healthcare International Fund, Ltd. (the “Offshore Fund,” and collectively with the Master Fund, the “Fund”), and should not be construed as such. Such an offer will only be made by means of a confidential Private Placement Memorandum (the “PPM”) to be furnished to qualified investors upon request. The information contained herein is qualified in its entirety by reference to the PPM, which contains additional information about the investment objective, terms, and conditions of an investment in the Fund, and also contains certain disclosures that are important to consider when making an investment decision regarding the Fund. In the case of any inconsistency between any information contained herein and the PPM, the terms of the PPM shall control. The Materials are proprietary and confidential and may include commercially sensitive information, must be kept strictly confidential, and may not be copied, used for an improper purpose, reproduced, republished, or posted in whole or in part, in any form, without the prior written consent of RA Capital. The recipient of the Materials must not make any communication regarding the information contained herein, including disclosing that the Materials have been provided to such recipient, to any person other than its authorized representatives assisting in considering the information contained herein. Each recipient agrees to the foregoing and to return (or destroy upon RA Capital’s instructions) the Materials promptly upon request. ny investment strategies discussed herein are speculative and involve a high degree of risk, including loss of capital. Investments in any products described herein and the Fund’s performance can be volatile, and investors should have the financial ability and be willing to accept such risks. An investor could lose all or a substantial amount of his or her investment. The Fund may be leveraged. Interests in the Fund are illiquid, as there is no secondary market for the Fund interests, and none is expected to develop. The Fund interests are subject to restrictions on transfer. Prior to investing in the Fund, investors should read the PPM and pay particular attention to the risk factors contained therein. Fees and expenses charged in connection with an investment in the Fund may be higher than the fees and expenses of other investment alternatives and may offset investment profits of the Fund. RA Capital has total trading authority over the Fund. The use of a single advisor applying generally similar trading programs could mean lack of diversification and, consequentially, higher risk. A portion of the trades executed for the Fund may take place on foreign exchanges. It should not be assumed, and no representation is made, that past investment performance is reflective of future results. Nothing herein should be deemed to be a prediction or projection of future performance. To the extent any prior or existing investments are described, RA Capital makes no representations, and it should not be assumed, that past investment selection is necessarily reflective of future investment selection, that any performance discussed herein will be achieved or that similar investment opportunities will be available in the future or, if made, will achieve similar results. In particular, to the extent valuation information is provided for any unrealized investments, such valuations are RA Capital’s estimates as of the date set forth in the Materials, and there can be no assurance that unrealized investments will be realized at such valuations. While RA Capital believes any valuations presented herein are reasonable, such valuations may be highly subjective, particularly for private investments, are based on information provided by third parties and/or RA Capital’s assumptions, any or all of which might be mistaken or incomplete. Actual realized returns will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs, and the timing and manner or sale, all of which may differ from the assumptions on which the valuations contained herein are based. As a result of the foregoing, actual realized returns may differ materially from the valuations contained herein. References, either general or specific, to securities and/or issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Certain current and prior investments may be highlighted in order to provide additional information regarding RA Capital’s investment strategy, the types of investments it pursues, and anticipated exit strategies. In addition, due to confidentiality restrictions, the information contained herein might not reference investments in certain companies. Certain information contained herein concerning economic trends and/ or data is based on or derived from information provided by independent third-party sources. RA Capital believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The Materials contain statements of opinion and belief. Any views expressed herein, unless otherwise indicated, are those of RA Capital as of the date indicated, are based on information available to RA Capital as of such date, and are subject to change, without notice, based on market and other conditions. No representation is made or assurance given that such views are correct. RA Capital has no duty or obligation to update the information contained herein. Certain information contained in this document constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any investment may differ from those reflected or contemplated in such forward-looking statements. Prospective investors should not rely on these forward- looking statements when making an investment decision. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission, any securities administrator under any securities laws of any U.S. or non-U.S. jurisdiction, or any other U.S. or non-U.S. governmental or self- regulatory authority. No such governmental or self-regulatory authority will pass on the merits of any offering of interests by RA Capital or the adequacy of the information contained herein. Any representation to the contrary is unlawful. The interests in the Fund have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or qualified or registered under any applicable state, local, provincial, or other statutes, rules, or regulations. The Fund has not been, and will not be, registered as an investment company under the U.S. Investment Company Act of 1940, as amended. IV Forty Seven (Hu5F9-G4) ST Vasculox ST Celgene (CC-90002) HM Alexo Tioma PO Corvus (CPI-444) + IV Roche (Tecentriq/atezolizumab) ST PO Corvus (CPI-444) ST PO Novartis (PBF-509) NSCLC AstraZeneca/Heptares Domain Therapeutics PO Kyowa Hakko Kirin (istradefylline) * PO Juno Therapeutics/RedoxTherapies (V2006/vipadenant) *Marketed Parkinsons in Japan ••• MEL RCT:MY18 Incyte (INCB24360/epacadostat) PO + Merck (Keytruda/pembrolizumab) IV •/•• ST •• ST Incyte (INCB24360/epacadostat/INCB24360) PO +Bristol-Myers Squibb (Opdivo/nivolumab) IV •• MDS •/•• OC Incyte (INCB24360/epacadostat) PO + Roche (Tecentriq/atezolizumab) IV NSCLC •• OC •• CC •• MDS Incyte (INCB24360/epacadostat) PO •/•• ST iTeos Therapeutics/Pfizer ioMET Pharma/Merck RedX Oncology Bristol-Myers Squibb/Flexus Nektar (NKTR-218) Ensemble Therapeutics PC •• DLBCL •• RCC •• FL •• GLI •/•• Medivation/CureTech (Pidilizumab/CT-011) IV Evelo Vedanta Macrophage Therapeutics Trillium Therapeutics (CD200Fc) Trillium Therapeutics (TTI-621) SHT Innate Pharma/Orega Biotech Alexo Tizona Therapeutics PO Dompe (Reparixin) •• BC IV Bristol-Myers Squibb (Humax-IL-8) •/•• ST Incyte (INCB-39110) •/•• ST PO Aminex (AMX-513) KYN Therapeutics IT Philogen (Fibromun/L19-TNF) •• SAR * *Soft Tissue Sarcoma M MEL Boehringer Ingelheim (Beromun; isolated limb perfusion) M SAR SC Merck (Sylatron/peginterferon α-2b) M MEL IT/SC CEL-SCI (Multikine) ••• HNC RCT:YE17 Tilos Therapeutics Isarna (Trabedersen) IV Huabo Biopharm (HB-002) ArGEN-X (ARGX-115) IB FKD Therapies Oy (Instiladrin/rAdIFN w/ Syn3) •• UCC M NHL M MEL SC/IM/IC Merck (Intron-A/interferon α-2b) M CLL Merck (SC Intron-A/interferon α-2b + IV Keytruda/pembrolizumab) MEL FAILED Roche (IV Tecentriq/atezolizumab + SC interferon-α2b) Scholar Rock/Janssen Novartis (Xoma-089) M NHL M MEL SC Roche (recombinant interferon alfa-2a (Roferon-A)) M CLL PO NewLink Genetics (NLG8189/indoximod) •/•• NovImmune (NI-1701) HM PO Bristol-Myers Squibb/Aslan (ASLAN002) •• * GASTRIC *In Asia IV Infinity Pharmaceuticals (IPI-549) PO + Merck (Keytruda/pembrolizumab) ST PO Infinity Pharmaceuticals (IPI-549) ST IB BDI Pharma/Sanofi Aventis (TheraCys) M UCC Peregrine Pharmaceuticals (bavituximab) + IV AstraZeneca (MEDI-4736/durvalumab) •/•• ST •/•• MEL •/•• HCC CRC NSCLC *DIS- CONTINUED BC *DIS- CONTINUED IV Peregrine Pharmaceuticals (bavituximab) PDAC *DIS- CONTINUED *Suspended ••• PVNS RCT:1Q18 •• GBM •• BC PO Daiichi Sankyo (Pexidartinib/PLX-3397) •/•• AML PO Daiichi Sankyo (Pexidartinib/PLX-3397) + IV Merck (Keytruda/pembrolizumab) •/•• MEL PO Deciphera (DCC-3014) PO Daiichi Sankyo (AC708) •• PVNS RCT:4Q17 IV Novartis (MCS-110) •• BC RCT:MY18 IV Roche (Emactuzumab/RG-7155 + Tecentriq/Atezolizumab) ST IV Roche (Emactuzumab/RG-7155) •/•• PVNS IV Five Prime Therapeutics (FPA-008) + IV Bristol-Myers Squibb (Opdivo/nivolumab) •/•• IV Five Prime Therapeutics (FPA-008) •/•• PVNS Amgen (AMG-820) + IV Merck (Keytruda/pembrolizumab) ST Amgen (AMG-820) ST IV Eli Lilly (IMCCS4) ST IV Transgene (TG3003) IV Takeda (TAK-202/plozalizumab) + IV Bristol-Myers Squibb (Opdivo/nivolumab) MEL PO Pfizer (PF-04136309) •/•• PDAC PO ChemoCentryx (CCX872) •b PDAC M MCL PO AbbVie/JNJ (Imbruvica/ibrutinib) M CLL •/•• ST PO AbbVie/JNJ (Imbruvica/ibrutinib) + IV AstraZeneca (MEDI-4736/durvalumab) •/•• PDAC •• PDAC RCT:MY17 •• HNC RCT:3Q17 •• UCC RCT:MY17 •• OC RCT:YE17 •• NSCLC RCT:YE17 PO Acerta Therapeutics (ACP196/acalabrutinib) + IV Merck (Keytruda/pembrolizumab) •/•• GBM REDX Oncology Advinus Therapeutics Multimeric Biotherapeutics Apogenix GmbH (APG-1232) IV/IT Janssen/Alligator Bioscience (ADC-1013) ST IV Roche (RG7876+Tecentriq/atezolizumab) ST Roche (RG7876) ST IV Apexigen (APX005M) + IV Merck (Keytruda/pembrolilzumab) ST IV Apexigen (APX005M) ST IV Seattle Genetics (SEACD40) ST IV Cancer Research UK (Chi Lob 4/7) ST Bristol-Myers Squibb Celldex (CD40 agonist antibody) IT Pfizer (CP-870893) ST DIS- CONTINUED IM/TOPICAL Dynavax (SD101) •• BC IB Exicure (AST-008) BC IT Idera Pharmaceuticals (IMO-2125) IT Fortress Bio (CMP-001) TOPICAL Medicis/3M Pharmaceuticals (Aldara/imiquimod) M/G BCC IB Telormedix (TMX101) •• UCC IT Immune Design (ID-G100) + IV Merck (Keytruda/pembrolizumab) •/•• NHL SAR IT Immune Design (ID-G100) MCC IM GSK (monophosphoryl lipid A (MPL) in Cervarix vaccine) M CC IM GSK (SB-AS02B adjuvant) •• MEL IT Novartis/Aduro Biotech (ADU-S100) ST IFM Therapeutics Novartis/Surface Oncology Piper Therapeutics IV AstraZeneca (MEDI-9447) ST Corvus Juno Therapeutics/RedoxTherapies AstraZeneca (PO AZD5069 + IV durvalumab) •/•• PDAC PO AstraZeneca (AZD5069) •/•• HNC •/•• BC •/•• NSCLC PO Incyte (Jakafi/Ruxolitinib) ST •• PDAC PO Gilead (Momelotinib) NSCLC ioMET Pharma RedX Oncology Bristol-Myers Squibb/Flexus Roche/Curadev (RG70099) Pfizer/iTeos Therapeutics ioMET Pharma RedX Oncology Bristol-Myers Squibb/Flexus •• PDAC RCT:YE16 •• GBM RCT:MY16 •• CRC •• PC PO Eli Lilly (LY2157299/galunisertib) + IV Bristol-Myers Squibb (Opdivo/nivolumab) •• OC PO Eli Lilly (LY2157299/galunisertib) ST MedPacto (TEW-7197) ST Bristol-Myers Squibb/Rigel •• HNC IV/SC Celgene/VentiRx Pharmaceuticals (VTX2337) •• OC •/•• NSCLC IV Biothera (Imprime PGG) •/•• CRC TOPICAL 3M Pharmaceuticals/Celldex (resquimod) •/•• NHL IM/IT Oncovir (Hiltonol/poly ICLC) •• MEL SC Mologen (MGN1703) •• SCLC IT/IV Checkmate (CMP-001) IM/IT Immune Design (IDC-G305/GLAAS) HT IM GSK (SB-AS15 adjuvant) •• MEL IT Rigontec GmbH (ImOI100) •• BC RCT:MY19 •/•• MEL SC Prima Biomed (IMP321) RCC Corvus Confluence Life Sciences NextCure Torque Therapeutics See Immuno-Oncology: CAR-T See Immuno-Oncology: Cancer Vaccines Unknown survival benefit mAbs TLR2 and TLR4 Expressed predominately on monocytic cells TLR3 Endosomal TLR expressed in dendritic cells TLR4 Expressed predominately on monocytes, mature macrophages and dendritic cells, mast cells and the intestinal epithelium. TLR7 and TLR8 Found in endosomes of monocytes and macrophages, with TLR7 also being expressed on plasmacytoid dendritic cells and TLR8 also being expressed in mast cells TLR7 Found in endosomes of monocytes, macrophages and plasmacytoid dendritic cells TLR9 Expressed in endosomes of monocytes, macrophages and plasmacytoid dendritic cells TLR4 and TLR9 Expressed predominately on monocytes, mature macrophages and dendritic cells TLR4 Expressed predominately on monocytes, mature macrophages and dendritic cells, mast cells and the intestinal epithelium. TLR8 Found in endosomes of monocytes, macrophages and mast cells TLR9 Expressed in endosomes of monocytes, macrophages and plasmacytoid dendritic cells TLR agonists TLRs regulate tissue homeostasis and can prime APCs to respond to foreign antigens Deliver mycobacteria to tumor Inhibit adenosine signaling Adenosine promotes differentiation of immunoinhibitory Tregs Inhibit polyamide synthesis and uptake The presence of polyamines such as IDO, arginase, and adenosine promotes the presence of MDSC as well as Tregs Inhibit CCR2 Promote differentiation of MDSC into mature, non-suppressive cells Inhibit IL-8/IL-8RB (CXCR2) signaling Paracrine signaling by tumor-derived IL-8 to CXCR1 and CXCR2 promotes the trafficking of neutrophils and MDSCs into the tumor microenvironment. IL-8 also has a role in the development of cancer stem cells. Inhibit Bruton’s tyrosine kinase (BTK) Targeting BTK inhibits MDSC migration into tissues and expression of suppressive factors such as nitric oxide (NO) as well as Tregs Inhibit Janus kinase (JAK) Decrease inflammatory cytokines that recruit MDSCs Target other components of the IDO/TDO pathway Unknown target in IDO/TDO pathway Alternatively spliced extradomain-B of fibronectin Adenovirus expressing IFNα2b Kynurenine TGFβ pathway inhibition with mAb against latency associated peptides TGFβ2 antisense TGFβ- and VEGF-targeting bifunctional fusion protein Anti-GARP mAb - inhibitor of TGFβ release Genetically modified non-replicating virus to the tumor Long-acting Less frequent injections Not targeted with a mAb Limited to use in isolated limb perfusion Targeted with a mAb Short-acting more frequent injections Block IL-35 Tregs secrete IL-35, which promotes Treg proliferation Decrease adenosine production via the ectonucleotidases CD39 and CD73 CD73 antagonist CXCR2 JAK1/2 Second-generation BTK inhibitor Potential for better safety profile (lower infection risk, bleeding risk, and GI tox) due to improved specificity First-generation BTK inhibitor Selectivity problems associated with: BTK: infection risk | EGFR: GI tox, and rash | JAK3: bleeding CD39 antagonist IL-8 CXCR2 and IL-8 JAK1 Attenuated bacillus Calmette-Guerin/BCG Anti-CD206 mAb conjugated to a cytotoxic payload Undisclosed mechanism Hypothesized synergy with PD1 Provide S. cerevisiae polysaccharide STING agonists Induces IFN-β production which primes T cells Drives abscopal response in preclinical studies RIG-I agonist Expressed ubiquitously Induces IFN-β production which primes T cells Formulated CD40L Class has proven survival benefit Celgene/Jounce Therapeutics (JTX-2011) •/•• GSK (GSK3359609) INSERM MSKCC Bristol-Myers Squibb Principia Biopharma Takeda Bristol-Myers Squibb Novartis GSK Sanofi Ablynx/Merck Compugen/Bayer F-star/AbbVie Morphosys/Merck KGaA Sutro Biopharma/Celgene Symphogen/Baxalta Arcus Biosciences Alpine Immune Sciences Compass Therapeutics Harpoon Therapeutics ImmuneXcite Kymab OncoResponse Trellis Bioscience Zymeworks Applied Immune Technologies Pelican Therapeutics (PTX-25A) IV Pfizer (PF-04518600) + IV Pfizer/Merck KGaA (Avelumab) ST Roche (IV RG7888 + IV Tecentriq/atezolizumab) ST IV Roche (RG7888) ST IV AstraZeneca (MEDI0562 + durvalumab) ST IV AstraZeneca (MEDI0562) ST IV GSK (GSK3174998) + IV Merck (Keytruda/pembrolizumab) ST IV GSK (GSK3174998) ST IV Bristol-Myers Squibb (BMS-986178 + Opdivo/nivolumab) ST IV Bristol-Myers Squibb (BMS-986178) •/•• ST •• PC IV AstraZeneca (MEDI6469) BC Alligator Bioscience (ADC-1015) Agenus/Incyte (INCAGN01949) Apogenix GmbH Apogenix GmbH (ox-40 agonist) IV AstraZeneca (MEDI6383) ST DIS- CONTINUED •• CLL IV Bristol-Myers Squibb (Urelumab) •• NHL IV Pfizer (PF05082566/utomilumab) + IV Pfizer/Merck KGaA (Avelumab) ST IV Pfizer (PF05082566/utomilumab) + IV Merck (Keytruda/pembrolizumab) ST ST IV Pfizer (PF05082566/utomilumab) NHL Bristol-Myers Squibb (IV Urelumab + IV Opdivo/nivolumab) ST Apogenix GmbH (4-1bb agonist) Bioinvent International Multimeric Biotherapeutics Bristol-Myers Squibb (IV BMS-986156 + IV Opdivo/nivolumab) •/•• SHT Novartis (IV GWN323 + IV PDR001) •/•• SHT IV Incyte/Agenus (INCAGN1876) •/•• ST Merck (IV MK-1248+ IV Keytruda/pembrolizumab) ST IV Leap Therapeutics (TRX-518) MEL IV Merck (MK-4166) ST IV AstraZeneca (MEDI1873) ST IV Amgen (AMG 228) ST Fortress Bio/TG Therapeutics (anti-GITR) Regeneron/Sanofi (anti-GITR) Merck (mDTA-1) IV Five Prime Therapeutics (FPA154) IV OncoMed Pharmaceuticals (GITRL-Fc) PF-04518600+Avelumab: 1Q18 OX40/CD134 agonists OX40 is expressed on T cells, NK T cells, neutrophils and and NK cells; T cell expression is transient after TCR ligation. Most potent at stimulating CD4+ helper T cell response. Promotes T cell memory response IMP321: MY19 Provide anti-MHCII-LAG3-IgG1 fusion protein Promotes APC activation by binding to MHCII Multikine: YE17 Multikine mixture Proprietary mix of 19 cytokines, chemokines and other immune system molecules (no antigens, not a vaccine). Inton-A Interferon-α (IFNα) Enhances T-cell and DC response via a poorly-characterized MoA Associated with dose-limiting AEs, including influenza-like symptoms (fatigue, fever, headache and muscle aches), nausea, dizziness, anorexia, depression and leukopenia Beromun TNFα Toxic to tumor neovasculature and activates the endothelium; highly toxic if used systemically ADC-1013:3Q17 Target CD40 Expressed on activated APCs and B cells Promotes antigen-specific T cell response emactuzumab+Tecentriq: 3Q18 Drive M2¨M1 macrophage differentiation Target CD200/CD200R Tumor expressed CD200 prevents macrophage activation TTI-621: YE16 Target SIRPα/CD47 CD47 on tumor cells bind to SIRPα on macrophages to prevent phagocytosis TheraCys Activate immune response with microbesm Likely activates the immune system through TLR stimulation among other pathways ADU-S100: MY17 Target pattern recognition receptors Recognize pathogen and damage-associated molecular patterns and activate a response Utomilumab +Avelumab: YE17 4-1BB/CD137 agonist mAbs 4-1BB is expressed on T cells and NK cells. Promotes activation and proliferation of T cells IV Celldex (varlilumab) + IV Bristol-Myers Squibb (Opdivo/nivolumab) ST IV Celldex (varlilumab) + IV Roche (Tecentriq/atezolizumab) •/•• RCC IV Celldex (varlilumab) •/•• SHT Apogenix GmbH (CD27 agonist) Aduro BioTech (BION-1402) ST •/•• Merck/cCAM Biotherapeutics (CM-24 + Keytruda/pembrolizumab) IV ST •/•• Merck (CM-24) IV Agenus MEL Galectin Therapeutics (GR-MD-02) IV + Merck (Keytruda/pembrolizumab) IV MEL Galectin Therapeutics (GR-MD-02) IV Roche Alligator Biosciences (ADC-1015) Anaeropharma Sciences (ADC-1015) Hanmi Pharma (CTLA4/TNF-α targeting therapeutics) ST Aurigene/Curis (CA-170) PO BC •• GBM Ziopharm (Ad-RTS IL-12) IT OC •• GBM Celsion (GEN-1) IP HCC RCC Immunicum (COMBIGDC) IT ST CRC GSK/AstraZeneca (AMP-224) IV/IV DIS- CONTINUED MEL •• Bristol-Myers Squibb (recombinant IL-21/denenicokin) SC/IV DIS- CONTINUED Bristol-Myers Squibb (recombinant IL-21/ denenicokin IV) + (Opdivo/nivolumab IV) NSCLC ••/• Altor Bioscience (ALT-803) ISC/V + Bristol-Myers Squibb (Opdivo/nivolumab) IV UBC ••/• NHL ••/• MEL ••/• MM ••/• PDAC ••/• HT Altor Bioscience (ALT-803) ISC/V ST •/•• Armo Biosciences (AM0010/pegylated IL10) ID + Merck (Keytruda/pembrolizumab) IV ST •/•• Armo Biosciences (AM0010/pegylated IL10) ID Merck (MK1966) MEL M RCT:3Q20 UCC ••• NSCLC M CRC ••• RCC M RCT:1Q19 PDAC •• HL M NHL •• HNC M OC •/•• RCT:2Q17 GBM ••• BC RCT:3Q17 SCLC ••• PC RCT:MY19 HCC ••• GASTRIC RCT:3Q19 ESO ••• Bristol-Myers Squibb (Opdivo/nivolumab) IV MEL M RCT:YE17 OC •• NSCLC M MCC •• HNC M BT •• RCT:3Q20 UCC ••• SAR •• RCT:3Q17 BC ••• RCT:1Q18 NHL •/•• RCT:1Q18 GASTRIC ••• RCT:2Q21 RCC •/•• RCT:1Q18 HL ••• PC •/•• RCT:3Q18 MM ••• CLL/SLL •/•• RCT:MY18 ESO ••• SCLC RCT:1Q19 HCC ••• MES RCT:3Q19 CRC ••• AC DLBCL ••• Merck (Keytruda/pembrolizumab) IV SCC •• SHT Regeneron/Sanofi (REGN2810) IV ST •/•• Incyte/Jiangsu Hengrui Medicine (SHR-1210) ST AstraZeneca (MEDI0680) IV ST Pfizer (PF-06801591) IV ST BeiGene (BGB-A317) IV ST Tesaro (TSR-042) IV ST Sorrento Therapeutics/Servier (STI-A1110) MEL •• OncoSec (OMSI100) + Merck (Keytruda/pembrolizumab) IT/IV MEL •• MCC •• HNC •• CTL •• BC OncoSec (OMSI100) IT NeoImmuneTech (NIT-02) IV ST Alkermes (ALKS 4230) IV ST Novartis (het IL-15) SC RCT:YE16 PC •• NCI (CYT107) IV ST •/•• Nektar (NKTR-214) IV SMM •• University of Arkansas/Millenium IV AML •/•• University of Texas M.D. Anderson Cancer Center IV AML •/•• Fortress Bio (CNDO-109-activated allogeneic NK cells) IV Nantkwest (haNK) IV Innate Pharma (IPH4031) AML Glycostem Therapeutics (oNKord) IV Celgene Fate Therapeutics Ziopharm MCC •• AML Nantkwest (aNK/NK-92) IV HNC •/•• OC •/•• CLL •/•• Innate Pharma/AstraZeneca (IPH2201) IV MDS •• Innate Pharma/Bristol-Myers Squibb (lirilumab IV+ Opdivo/nivolumab IV) ST RCT:2H16 AML •• MM •• AML •• CLL •• Innate Pharma/Bristol-Myers Squibb (lirilumab) IV ST Roche (RO6874281) IV ST Roche (RO6895882) IV DIS- CONTINUED Merck KGaA (Selectikine/EMD 521873) IV MEL •• Philogen (Darleukin/L19-IL-2) IV ST NCI (rIL-15) I IV Oxis Biotech (OXS-3550) Armo (AM0015) ST Merck KGaA (NHS-IL12) SC Kadmon (KD033) MEL •• Lion Biotechnologies (LN-144) IV NASO •• Dana Farber Cancer Institute (Biological: Epstein-Barr Virus Specific Immunotherapy) IV EBV CTL •• Cell Medica (CMD003) IV NHL •/•• Alopexx (DI-Leu16-IL2) IV MCC •• AML Philogen (Teleukin/F16-IL2) IV RCC M MEL •• Nestle Health Science (Proleukin/aldesleukin) IV MEL •/•• UCC •/•• MM •/•• Altor Bioscience (ALT-801) IV Company (Drug) Inidication 2016 2017 2018 2019 2020 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Activate T cell response T cell growth factors IL-2 Nektar (NKTR-214) ST IL-15 Altor (ALT-803) + Bristol-Myers Squibb (Opdivo/nivolumab) NSCLC IL-7 NCI (CYT107) PC IL-12 OncoSec OMSI100 MEL IL-10 Armo (AM0010/pegylated IL10) ST Inhibition of T cell immune evasion PD1 Bristol-Myers Squibb (Opdivo/nivolumab) GBM HCC SCLC EC UCC Merck (Keytruda/pembrolizumab) UCC BC HL EC MM HCC Gastric CRC RCC PDL1 Roche (Tecentriq/atezolizumab) SCLC CRC RCC BC AstraZeneca (durvalumab/MEDI-4736) NSCLC HNC UCC HCC BC Pfizer/Merck KGaA (Avelumab) NSCLC Gastric OC RCC UCC MCC CTLA4 Bristol-Myers Squibb (Yervoy/ipilimumab) MCC AstraZeneca (tremelimumab) OC PD1 + CTLA4 Bristol-Myers Squibb (Opdivo/nivolumab + Yervoy/ipilimumab) GBM NSCLC SCLC RCC HNC Merck (Keytruda/pembrolizumab) + Bristol-Myers Squibb (Yervoy/ipilimumab) MEL PDL1 + CTLA4 AstraZeneca (durvalumab/MEDI-4736+ tremelimumab) HNC UCC NSCLC HCC GEJ LAG3 Bristol-Myers Squibb (BMS-986016 +Opdivo/nivolumab) ST B7-H3 MacroGenics (Enoblituzumab/MGA271) + Merck (Keytruda/pembrolizumab) ST TIM3 Novartis (MBG453 +PDR001) ST VISTA ImmuNext/Janssen (JNJ-61610588) ST CEACAM1 Merck (CM-24) ST Galectin-3 Galectin (GR-MD-02) + Merck (Keytruda/pembrolizumab) MEL T cell costimulatory factors OX40 Pfizer (PF-04518600) + Pfizer/Merck KGaA (Avelumab) ST 4-1bb Pfizer (utomilumab/PF05082566;IV) + Pfizer/Merck KGaA (Avelumab) ST GITR Bristol-Myers Squibb (BMS-986156 + Opdivo/nivolumab) ST CD27 Celldex (varlilumab) + Roche (Tecentriq/atezolizumab) ST Target NK cells Disinhibit NK cells Innate Pharma/Bristol-Myers Squibb (lirilumab + Opdivo/nivolumab) ST Activate NK cells Nantkwest (aNK/NK-92) AML Reverse suppressive microenvironment Broadly acting cytokines CEL-SCI (Multikine) HNC TGFβ inhibitors Eli Lily (galunisertib/LY2157299) ST iDO inhibitors Incyte (epacadostat/INCB24360) + Merck (Keytruda/pembrolizumab) MEL Target MDSCs Acerta (acalabrutinib/ACP196) + Merck (Keytruda/pembrolizumab) PDAC UCC Target T-regs Corvus (CPI-444) + Roche (Tecentriq/atezolizumab) ST Target APCs Disinhibit SIRPα/CD47 Trillium Therapeutics (TTI-621) HM Target M2 macrophages Roche (emactuzumab/RG-7155 + Tecentriq/Atezolizumab) ST Activate Pattern Recognition Receptors Novartis/Aduro (ADU-S100) ST CD40 Roche (RG7876+Tecentriq/atezolizumab) ST MHC-II Prima Biomed (IMP321) ST NCT02009449 1Q17 1/2 NCT02523469 YE18 1/2 MY17 1/2 NCT01881867 1Q17 2 NCT02017717 2Q17 3 NCT02256436 2Q17 3 NCT02352948 2Q17 P NCT02555657 MY17 3 NCT02516241 3Q17 3 NCT02551159 3Q17 3 NCT02395172 3Q17 3 NCT02551159 3Q17 3 NCT02516241 3Q17 3 NCT02352948 YE17 3 NCT02625623 3Q17 3 NCT02519348 3Q17 2 NCT02155647 3Q17 2 NCT02196961 MY17 2 NCT02017717 2Q17 3 NCT02506153 YE17 3 NCT02576509 3Q17 3 NCT02538666 2Q18 3 NCT02684292 1Q18 3 NCT02580058 1Q18 3 NCT02477826 1Q18 3 NCT02519348 1Q18 2 NCT02538666 2Q18 3 NCT02564263 MY18 3 NCT02684006 MY18 3 NCT02725489 MY18 2 NCT02576977 3Q18 3 NCT02702401 1Q19 3 NCT02743494 3Q19 3 NCT02494583 3Q19 3 NCT02563002 3Q19 3 NCT02603432 3Q19 3 NCT02231749 3Q19 3 NCT02741570 1Q20 3 NCT02763579 MY19 3 NCT02788279 2Q19 3 NCT02632409 3Q20 3 NCT02420821 3Q20 3 NCT02425891 3Q20 3 NCT02811861 4Q20 1 NCT01502293 MY18 2 NCT02485990 3Q19 1/2 NCT02340975 4Q17 1/2 NCT01968109 2Q18 1 NCT02671955 2Q18 1 NCT02575404 1Q18 1 NCT02554812 1Q18 1 NCT02179918 1Q17 1 NCT00900809 YE16 1 NCT02663518 YE17 1 NCT02675439 MY17 1 NCT02304393 YE17 1 NCT01265849 YE17 3 NCT02346955 2Q19 1 NCT02475213 3Q18 1 NCT01592370 YE17 2 NCT02760797 3Q18 1 NCT02608268 MY18 1 NCT02304419 MY18 2 NCT02752074 MY18 3 NCT02362048 MY17 2 NCT02351739 MY17 2 NCT02614833 MY19 2 NCT02598960 MY18 1 NCT02655822 3Q17 1/2 NCT02543645 YE17 1/2 Phase 3 RCT data 3 Phase 2 RCT data 2 Phase 2 data 2 Phase 1/2 RCT data 1/2 Phase 1/2 data 1/2 Phase 1 data 1 PoC PDUFA P io: milestones Cancer Abbreviations Hematological Tumors Solid Tumors ALL Acute Lymphoblastic Leukemia AC Anal Cancer AML Acute Myeloid Leukemia BCC Basal Cell Carcinoma ASM Aggressive Systematic Mastocytosis BC Breast Cancer CEL Chronic Eosinophillic Leukemia BT Biliary Tract CLL Chronic Lymphocytic Leukemia CC Cervical Cancer CML Chronic Myeloid Leukemia CIN Cervical Intraepithelial Neoplasia CTCL Cutaneous T-Cell Lymphoma CHOR Chordoma DLBCL Diffuse Large B Cell Lymphoma CRC Colorectal Cancer FL Follicular Lymphoma DFSP Dermatofibrosarcomic Protuberans HES Hypereosinophillic Syndrome EC Esophageal Cancer HCL Hairy Cell Leukemia FTC Fallopian Tube Cancer HL Hodgkin Lymphoma GEJ Gastric or Gastro Esophageal Junction Cancer MCL Mantle Cell Leukemia GIST Gastrointestinal Stromal Tumor MLL-r Rearranged Mixed Lineage Leukemia GASTRIC Gastric Cancer MM Multiple Myeloma GLI Glioma MDS Myelodysplastic Syndrome HNC Head and Neck Cancer NMC NUT-Midline Carcinoma HCC Hepatocellular Carcinoma WM Waldenstrom Macroglobulinemia HPV Human Papilloma Virus associated Cancers NMC NUT-Midline Carcinoma LC Lung Cancer WM Waldenstrom Macroglobulinemia MA Malignant Ascites iNHL Indolent Non-Hodgkin’s Lymphoma MEL Melanoma NHL Non-Hodgkin Lymphoma MCC Merkel Cell Carcinoma NMC NUT-Midline Carcinoma MES Mesothelioma WM Waldenstrom Macroglobulinemia MTC Medullary Thyroid Carcinoma iNHL Indolent Non-Hodgkin’s Lymphoma NASO Nasopharyngeal Clinical stage codes Preclinical/Discovery OTC Over-the-Counter Phase 1 NDA New Drug Application •• Phase 2 BLA Biologics License Application ••• Phase 3 MAA Marketing Authorization Application (Europe's NDA) M Marketed D Dormant/discontinued G Generic Ñ Failed RCT Randomized Controlled Trial CP Compounding Pharmacy IST Investigator-Sponsored Trial PD(L)1 PDUFA PDUFA POC: Unknown ANDA Abbreviated New Drug Application POC: Validated OL Off-label POC: Failed Routes of delivery IV Intravenous IB Intravesical/Intrabladder ID Intradermal IC Intracerebral IM Intramuscular EC Epicutaneous SC Subcutaneous IN Intranasal PO Oral Dosage IVT Intravitreal QD Once a day Intrathercal Intrathecal BID Twice a day IT Intratumoral TID Three times a day TD Transdermal QW Once a week IPL Intrapleural Q2W Once every 2 weeks IP Intraperitoneal QM Once a month Provide T-cell growth factors Inhibit T-cell immune evasion pathways Immune signals are weakened as a result of immune cell exhaustion or immunosuppressive elements of the tumor microenvironment; can be optimized to clear regulatory T cells via ADCC Class has confirmed overall survival benefit and has induced long-term cures Anti-NKG2A mAbs NKG2A is an inhibitory receptor on NK cells and some CD8+ T cells that binds overexpressed HLA-E on tumor cells. Anti-MICA/MICB mAbs MICA/B overexpression on tumor cells disrupts costimulatory signaling through NKG2D on NK cells and some T cells. Not antigen-specific See ‘T-cell Growth Factors’ Off-the-shelf human NK cell line Irradiated cell line Can be manufactured at central facility Must be manufactured in-house High-affinity binding to antibodies Added synergy with mAbs such as Rituxin or Herceptin Ex vivo IL-21-activated allogeneic NK cells No added specificity Ex vivo-expanded autologous NK cells Patient-specific manufacturing See Immuno-Oncology: CAR-T NK-cell growth factors Antigen-specific Signals through IL-2Rγ Shares part of signaling pathway with validated IL-2 Does not signal through IL-2R Eliminate capillary leak syndrome, more convenient dosing Shielded from activating T cells in peripheral blood Selective for effector T cells over regulatory T cells Reduced IL-2Rα binding Allows for receptor recycling PEGylation enhances tumor targeting Antibody targeting to tumor Localization may still be driven by IL-2 binding Broad range Antigen target is expressed in wide range of tumor types Broad range Antigen target is expressed in wide range of tumor types Anti-DNA antibody Anti-fibroblast activation protein (FAP) antibody fusion Anti-carcinoembryonic antigen (CEA) antibody fusion Electroporation delivery Blocking PDL2-Fc fusion protein Oral PDL1/PDL2/VISTA-targeted Non-replicating adenovirus IL-12 production activated by oral veledimex PEG-polyethylenimine-cholesterol lipopolymer carrier Allogenic dendritic cells that release cytokines Recombinant protein Anti-CD20 antibody p53-specific single chain TCR Targeted with PDL1 mAb Nektar (NKTR-255) PEGylation enhances half life Recombinant protein ECM glycoprotein tenascin-C Alternatively spliced extra-domain B (EDB) of fibronectin Narrow range Antigen target is expressed in subset of tumor types Narrow range Antigen target is expressed in subset of tumor types Genetically-engineered vector No genetic engineering PD1 PDL1 Reduced IL- 2Rα binding Allows for receptor recycling IL-2 fused to targeting molecule Selective for effector T cells over regulatory T cells Not selective for effector T cells Not shielded from activating T cells in peripheral blood Associated with capillary leak syndrome, must be dosed in specialized setting Tumors are surgically removed, tumor infiltrating leukocytes are isolated and expanded in a central facility, and re-infused into patients Pre-existing Epstein-Barr virus-specific T cells are expanded ex vivo from peripheral blood Peripheral PBMCs are infected with EBV and subsequently irradiated to develop autologous EBV-specific T cells Class has unknown overall survival benefit Class has known overall survival benefit Class has unknown survival benefit Disinhibit APCs Amplify existing APC response Educate Dendritic Cells Cancer vaccines target immune response against tumor epitopes Provide broadly-acting cytokines Poorly-defined MOA Unspecified targets within the tumor microenvironment Re-direct T-cell targeting via genetic engineering Induce CTL response by promoting differentiation of Th1-dominant helper T cells Undisclosed platform Unpartnered Class has known survival benefit Unknown survival benefit FAILED IL-21 Activates T cells, particularly along the Th17 and Treg axis by binding IL-21R, which complexes with the γ subunit of IL-2R Can induce proliferation and activation of CD8 cells, but along a less-activated pathway than IL-2, IL-15, or IL-7 Promotes antigen-specific responses and differentiation into plasma cells in B cells Has failed as monotherapy Proleukin IL-2 Canonical T cell growth factor Induces activation and proliferation of NK cells, B cells and monocytes LN-144 Ex vivo T cell growth factors Requires complicated patient specific manufacturing CYT107: 1Q17 IL-7 Augments antigen-specific T cell responses, selectively expanding CTL over Tregs Promotes differentiation of B cells Maintains a stable pool of naive and memory T cells Signals through the IL-7R complexed with the γ subunit of the IL-2R ALT-803+Opdivo: YE18 Signals through IL-2Rγ and IL-2Rβ with no α subunit targeting Unknown phenotype, likely similar to IL-2 and IL-15 Unknown target Anti-TIGIT mAbs TIGIT is expressed on exhausted NK and T cells. Inhibiting TIGIT enhances activation of NK cells and T cells JNJ-61610588:2Q18 Anti-VISTA mAb VISTA is expressed on MDSC and Tregs. Inhibiting VISTA increases proliferation and activation of T cells. CM-24:2Q19 Anti-CEACAM1 mAbs Expression of CEACAM1 on tumors cells can inhibit CTL and NK cells. CEACAM1 is associated with poor prognosis. GR-MD-02+Keytruda: 1Q18 Anti-Galectin-3 mAbs Soluble Galectin-3 is over-produced by tumor cells. Inhibiting Galectin-3 signaling enhances clonal expansion of T cells and prevents anergy. rIL-15:YE16 IL-15 Canonical NK cell growth factor Induces activation and promotion of T cells, which are then biased towards a memory phenotype The receptor IL-15Rα can be presented in trans on an APC or in cis on an NK or T cell IL-15Rα complexes with the β and γ chain of IL-2R to signal OMSI100: MY18 IL-12 Enhances antigen specific response Produced mainly by phagocytic cells in response to antigenic stimulation Activates and induces proliferation of CD8+ T cells and NK cells. Promotes CD4+ T cell differentiation into Th1 AM0010: YE16 IL-10 Usually thought to be immunosuppressive Induces Treg differentiation and inhibits macrophages and dendritic cells but can activate in some cases by inducing T cell activation, clonal response, and tumor infiltration Keytruda PD1 and PDL1/2-targeted agents PD1 is expressed on T cells while its ligands, PDL1/2 are expressed on tumor cells. Blocking this interaction enhances T cell activation and proliferation. Targeting the PD1/PDL1 axis has higher safety and efficacy than targeting CTLA4. aNK:YE16 Provide NK cells lirilumab+pembrolizumab 3Q18 Disinhibit NK cells rIL-15 Has a short half-life and dosing issues Fc fusion Longer acting and better manufacturing yield Superagonist of IL-15 bound to IL-15Rα-Fc fusion Increased serum half-life Fusion protein of IL-2 and IL-2Rα IL-15/IL-15Rα fusion Monospecific mAb UCC M MEL NSCLC M OC RCT:2H16 RCC ••• MM RCT:YE16 BC ••• NHL RCT:2Q19 CRC ••• MDS RCT:MY19 SAR •• AML DLBCL •/•• Roche (Tecentriq/atezolizumab) IV PDUFA:2Q17 NSCLC ••• RCT:4Q17 GASTRIC •/•• RCT:3Q17 HNC ••• CC •/•• RCT:3Q17 UCC ••• MM •/•• RCT:3Q17 HCC •• OC •/•• RCT:MY18 BC •• NHL •/•• RCT:3Q18 MDS •• DLBCL •/•• PDAC •• AstraZeneca (MEDI-4736/durvalumab) IV RCT:3Q17 NSCLC ••• RCT:3Q17 GASTRIC ••• MCC •• RCT:1Q18 OC ••• HNC RCT:MY18 RCC ••• MES RCT:3Q19 UCC ••• Pfizer/Merck KGaA (avelumab) IV ST •• Novartis (PDR001) IV ST Bristol-Myers Squibb (BMS-936559l) IV North Coast Biologics Antitope Tizona Therapeutics JHL Biotech/HumOrigin Biotechnology Corp. (JHL-1155) Aduro Biotech (BION-007) Alligator Bioscience (ADC-1015) Premier Biomedical ST Bristol-Myers Squibb (BMS-986016 IV + Opdivo/nivolumab IV) ST Bristol-Myers Squibb (BMS-986016) IV ST Novartis (IMP701 + PDR001) IV ST GSK (GSK2831781) IV Tesaro (LAG-3 antibody) Agenus/Incyte (LAG-3 checkpoint modulator) MacroGenics (MGD013) ST Novartis (MBG453 +PDR001) IV Tesaro (TSR-022) Agenus (TIM3 antibody) Cellerent (TIM3 antibody) Merus (MCLA-134) Enumeral (TIM3 program) ST MacroGenics (Enoblituzumab/MGA271) IV + Merck (Keytruda/pembrolizumab) IV ST MacroGenics (Enoblituzumab/MGA271) IV BRAIN Y-mAbs Therapeutics (8H9 Mab) IV ST Daiichi Sankyo (DS-5573a) IV ST ImmuNext/Janssen (JNJ-61610588) IV Bristol-Myers Squibb/CytomX Therapeutics (probody drug conjugates) BioAtla (CAB-CTLA4) MEL M RCT:1Q20 HNC ••• RCT:2Q17 GBM ••• CRC •/•• RCT:1Q18 NSCLC ••• Bristol-Myers Squibb (Yervoy/ipilimumab+Opdivo/nivolumab) IV RCT:3Q19 RCC ••• MEL M DIS- CONTINUED SCLC RCT:MY17 MCC •• DIS- CONTINUED NSCLC OC •• DIS- CONTINUED PC BC DIS- CONTINUED GASTIC PDAC Bristol-Myers Squibb (Yervoy/ipilimumab) IV RCT:2Q17 MEL M Bristol-Myers Squibb (Yervoy/ipilimumab) IV + Merck (Keytruda/pembrolizumab) IV ST Bristol-Myers Squibb (Yervoy/ipilimumab) IV + Roche (Tecentriq/atezolizumab) IV RCT:YE17 NSCLC ••• RCT:3Q17 HNC ••• ST •• RCT:3Q17 UCC ••• RCT:4Q17 GEJ •/•• RCT:YE17 HCC •• AstraZeneca (tremelimumab+durvalumab) IV RCT:3Q19 OC •/•• DIS- CONTINUED MES AstraZeneca (tremelimumab) IV ST Agenus (AGEN2041) IV IgG1 mAb Induces ADCC Bacteria that produce single-chain fragment antibodies in hypoxic sites Monospecific mAb Conditionally-active mAb IgG2 mAb Induces less ADCC than IgG1; potentially reduces cytokine release syndrome AE Yervoy CTLA4-targeted agents CTLA4 competes with CD28 in the lymph node to suppress T-cell activation. Blocking CTLA4 preferentially promotes activation of T cells in the lymph node relative to the tumor site. CTLA4 is expressed on Tregs; IgG1 mAb promotes Treg clearance. Lower efficacy and safety than targeting PD1/PD-L1 Preclinical programs Bispecific antibody CTLA4xOX40 CTLA4xTNFα BMS-986016+Opdivo: 2Q18 Anti-LAG3 mAbs LAG3 functions as a negative regulator for T cell responses to MHC class II-presented antigens. Blocks Treg cell-mediated immunosuppression Along with PD1, LAG3 is expressed on exhausted T cells BMS986156+Opdivo: MY18 GITR/TNFRSF18 agonist mAbs GITR is expressed on T cells, B cells, NK cells, and dendritic cells. Enhances effector T cell proliferation and blocks Treg cell-mediated immunosuppression GITR is constitutively expressed on Tregs TNFRSF25/DR3 fusion protein Present on T cells, especially memory T cells. The TNFRSF25 ligand TL1A is expressed on APCs. galunisertib: MY18 Inhibit TGFβ pathway Enhances tumor growth, promotes formation of tumor stroma, and increases metastatic potential TGFβ acts as a tumor growth suppressor during early tumorigenesis. Suppresses Treg activity epacadostat+pembrolizumab: MY18 Inhibit IDO) and/or TDO IDO and TDO deplete tryptophan. Low tryptophan levels promote Treg differentiation and suppress DC function, which dampen the immune response. acalabrutinib+Keytruda: MY17 Target myeloid-derived suppressor cells (MDSCs) MDSCs are immature myeloid cells that maintain the immunosuppressive tumor microenvironment via the production of arginase, IDO, ROS and suppressive cytokines. CPI-444: MY18 Target immunosuppressive function of Tregs ICOS agonist mAbs Expressed on activated T cell The ICOS ligand is expressed on B cells, APCs and some tumor cells. Enoblituzumab+Keytruda: 3Q18 Anti-B7-H3 mAbs B7-H3 shows some homology to PDL1 and is expressed on inhibitory cells. MBG453+PDR001:MY18 Anti-TIM3 mAbs TIM3 is expressed on T cells, NK T cells, and APCs, and is co-expressed with PD1 on exhausted T cells. TIM3 may block enhanced signaling via GAL9. varlilumab+Tecentriq: YE17 CD27 agonist mAbs CD27 is expressed on most effector T cells, some NK cells and some B cells Drives germinal center formation via CD4+ T cells The CD27 ligand CD70 is present on activated T and B cells, dendritic cells and macrophages. TL1A-Ig fusion Selectively inhibit ITK Unknown selectivity for ITK Higher potential for off-target AEs Antibody/antibody-like discovery programs (undisclosed targets) Partnered Antibody/antibody-like discovery programs (undisclosed targets) Inhibit ITK Promotes Th1 differentiation; enhances activation and tumor uptake by APCs May inhibit NK cells Local administration Systemic administration Preclinical IO platforms Drive M2 macrophages to apoptosis Inhibit colony-stimulating factor 1 receptor (CSF1R) inhibitor M2 macrophages depend on CSF1R signaling for survival SIRPα-Fc fusion protein Decoy receptor that blocks CD47 signaling Lower affinity for RBCs; could have less severe hematological toxicity Anti-CD47 mAb Higher affinity for RBCs; could have more severe hematological toxicity Bispecific (CD47xCD19) antibody CD19 expressed on B cells High-affinity soluble SIRPα monomers Tyrosine kinase inhibitor Dosed orally Associated with off-target effects including inhibiting the oncogene c-KIT Inhibit phosphoinositide 3-kinase γ (PI3Kγ) Blocks macrophage differentiation and myeloid cell migration Target phosphatidylserine Drives differentiation of M2 macrophages and production of immunoinhibitory cytokines Inhibit RON Expressed on myeloid cells Tumors secrete RON’s ligand, macrophage stimulating protein (MSP) Decreases production of IL-12, IFNγ and TNF, and increases IL-10 Promotes M2 phenotype mAbs Dosed IV More specific for CSF1R Monospecific antibody Antagonize adenosine A2A receptor Elevated cAMP blunts TCR-mediated cytotoxicity Inhibits effector T cells Expands Treg cells Enhances NK cell cytotoxicity Dual IDO/TDO TDO Upregulated in hepatocytes and in the brain Potential for on-target toxicity IFNα2b IFNα2a IDO Expressed by tumor cells and APC Anti-TGFβ mAb TGFβ kinase inhibitor Derived from stem cells Anti-KIR mAbs KIR is an inhibitory receptor on NK cells that binds HLA-C on tumor cells Activate T-Cell Response Activate Antigen Presenting Cell (APC) Response Non-epitope-specific activation Reverse the Suppressive Microenvironment Activate NK Cells Signal Dendritic Cell CTL Stimulatory Signal CD40 CD40L TL1A TNFRSF25 GITR ligand GITR 4-1BB ligand 4-1BB OX40 ligand OX40 CD70 CD27 HHLA2 TMIGD2 ICOS ligand ICOS CD86 CD28 CD80 Signal 1 MHC class II TCR Inhibitory Signal LAG3 CD86 CTLA4 CD80 PDL1 PDL1 PD1 PDL2 CD80 VISTA ? BTNL2 ? B7-H4 ? B7-H4 ? Butyrophilin famliy ? CD48 CD244 CD155 TIGIT Galectin 9 TIM3 Phosphatidylserine BTLA HVEM CD160 Stimulatory Signal Siglec Family LIGHT Regulatory T Cell PD1 CD27 CTLA4 Neurophil TNFRSF25 VEGF GITR LAG3 4-1BB ICOS OX40 CD25 Keytruda/anti-PD1 $1.40B (23%) Opdivo/anti-PD1 $3.77B (61%) Yervoy/anti-CTLA4 $1.05B (17%) Potential Cancer Immunotherapy Market $60B The Checkpoint Inhibitor Market in 2016: The Checkpoint Inhibitor Market in 2020 $25.2B 2016 2020 Keytruda/anti-PD1 $5.5B (22%) Opdivo/anti-PD1 $11.9B (47%) Yervoy/anti-CTLA4 $2.0B (8%) Tecentriq/anti-PDL1 $2.8B (11%) Durvalumab/anti-PDL1 $1.0B (4%) Other $2.0B (8%) $6.2B CRC PDAC MSI CRC MSI UCC T cell Lymphoma Frequency of Neoantigens Number of Patients Indication Low Medium/Unknown High MEL NSCLC GASTRIC ESO SCLC MCC MES HCC HNC RCC BCL BC PDAC OC PC GBM Overall Response Rate (%) 10 20 30 40 50 60 70 80 90 100 101 138 § 59 667 52 26 99 92 78 23 64 41 17 192 240 11 ¥ 821 9 31 14 4 13 25 23 42 17 55 59 278 210 25 168 54 75 15 17 15 Pfizer/Merck KGaA (avelumab) AstraZeneca (durvalumab/MEDI-4736) Roche (Tecentriq/atezolizumab) Merck (Keytruda/pembrolizumab) Bristol-Myers Squibb (Opdivo/nivolumab) PD1: PDL1: ¥ In combination with pazopanib | § not frontline Bristol-Myers Squibb (BMS-936559) Signal NK Cell Tumor Cells Siglec family Sialyated glycan Inhibitory Signal KIR MHC Class I CD155 CD96 TIGIT Stimulatory Signal MICA family NKGR2 RAET1/ULBP family Provide T-cell costimulatory factors Provide the ‘second signal’ after TCR engagement to induce proliferation of existing antigen-specific T cells • Can be optimized to clear Tregs via ADCC 0 0 Patients Surviving (%) Months: Hazard Ratio: 0.52 (99.79% CI, 0.26 to 0.55) P<0.001 Robert, C., Long, G.V., Brady, B., Dutriaux, C., Maio, M., Mortier, L. et al, Nivolumab in previously untreated melanoma without BRAF mutation. N Engl J Med. 2015;372:320–330. Nivolumab (N=210) Dacarbazine (N=208) Nivolumab Dacarbazine 50/210 96/208 not reached 10.8 (9.3-12.1) 210 208 185 177 150 123 105 82 45 22 8 3 0 0 3 9 6 12 15 18 Patients who Died Median Survival (95% CI) 60 10 20 30 40 50 60 70 80 90 100 overall survival 0 0 Overall Survival (%) Months: Hazard Ratio: 0.37 (95% CI, 0.26-00.55) P<0.001 Chapman, P.B., Hauschild, A., Robert, C., Haanen, J.B., Ascierto, P., Larkin, J. et al, Improved survival with vemurafenib in melanoma with BRAF V600E mutation. N Engl J Med. 2011;364:2507–2516. Vemurafenib (N=336) Dacarbazine (N=336) Dacarbazine Vemurafenib 336 336 283 320 192 266 137 210 98 162 64 111 39 80 20 35 9 14 1 6 1 1 0 0 0 0 1 2 3 9 4 5 6 7 8 10 11 12 10 20 30 40 50 60 70 80 90 100 overall survival efficacy Immuno-Oncology Abbreviations 4-1BB/CD137 TNF receptor superfamily member 9 LTA lymphotoxin-α BTLA B and T lymphocyte attenuator MIC MHC class I polypeptide-related sequence BTNL2 butyrophilin-like protein 2 MICA MHC class I polypeptide-related sequence A BTK Bruton’s tyrosine kinase MICA/MICB MHC class I polypeptide-related sequence A/B CEACAM1 Carcinoembryonic antigen-related cell adhesion molecule 1 NK Natural killler CSF1R colony-stimulating factor 1r NKG2A Killer cell lectin-like receptor subfamily C member 1 CTLA4 Cytotoxic T lymphocyte associated protein 4 OX40/CD134 Tumor necrosis factor (TNF) receptor superfamily member 4 CXCL12 chemokine (C-X-C motif) ligand 12 PBMC Peripheral blood mononuclear cell CXCR4 C-X-C chemokine receptor type 4 PD1 Programmed cell death 1 FAET1/ULBP retinoic acid early transcripts 1/UL16-binding protein PDL1/2 PD1 ligand 1/2 GARP leucine-rich repeat containing 32 PVR poliovirus receptor GITR/TNFRSF18 Glucocorticoid-induced TNF receptor-related protein RON Recepteur d’Origine Nantais GM-CSF granulocyte–macrophage colony-stimulating factor SHT Solid and Hematological Tumors HHLA2 HERV-H LTR-associating protein 2 Siglec sialic acid-binding immunoglobulin-type lectin HT Hematological Tumors SIRPα signal-regulatory protein HVEM herpes virus entry mediator ST Solid Tumors ICOS Inducible T cell co-stimulator STING transmembrane protein 173 ICOSL inducible T cell co-stimulator ligand TGFβ transforming growth factor-β IDO/TDO Indoleamine 2,3-dioxygenas / Tryptophan 2,3-dioxygenase TIGIT T cell immunoreceptor with Ig and ITIM domains IFN Interferon TIM3 T cell immunoglobulin and mucin domain 3 IFNγ interferon-γ TL1A TNF-like ligand 1A IgSF immunoglobulin superfamily TMIGD1/2 transmembrane and immunoglobulin domain-containing protein 1/2 ILT immunoglobulin-like transcript TNFR TNF receptor ITK IL2-inducible T-cell kinase TNFRSF25/DR3 TNF receptor superfamily member 25 JAK Janus Kinase TNFα tumour necrosis factor-α. KIR Killer cell immunoglobulin-like receptor VEGF vascular endothelial growth factor LAG3 Lymphocyte-activation gene 3 VISTA V-region immunoglobulin-containing suppressor of T cell activation LIR leukocyte immunoglobulin-like Monospecific mAb OUT OF DATE. DO NOT RELY UPON. OUT OF DATE. DO NOT RELY UPON.

Upload: others

Post on 24-Jun-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: The Cheot hto aet 22 hto othea aet RCT:MY18 aet 21 Anti ...€¦ · 2exivmepw mw rsx mrxirhih xs fi erh wlsyph rsx fi zmi[ih ew ¸mrziwxqirx ehzmgi ¹ [mxlmr xli qiermrk sj ( + 7

Signal CTL Tumor Cells

Inhibitory Signal

PDL1 PD1

PDL2 CD80

B7-H3 ?

B7-H4 ?

Butyrophilin family ?

CD155 TIGIT

Galectin 9TIM3

Phosphatidylserine

CD8+

CD4+

CD8+

CD4+

Lymph Node

Tumor Cells

NK

NK

Myeloid-derived

Supressor Cell

Activate Immune

Response Against Cancer

CD8+

CD4+

Treg

Treg

NK

killAPC

CD8+

helpCD4+

Adapted from Freeman,G. et al., Nat Rev Drug Discov (2015) 14, 561-584.

NK

Mature Dendritic

Cell

immuno-oncology february 2017

general disclaimers:The information contained herein (the “Materials”) regarding RA Capital Management, L.P. and its affiliates and/or any investment products it advises (collectively, “RA Capital”) is provided for informational and discussion purposes only and is not, and may not be relied on in any manner, as legal, tax, or investment advice. Each recipient should make its own investigations and evaluations of RA Capital, any investment products it advises, and the Materials, and should consult its own attorney, business adviser, and tax adviser as to legal, business, tax, and related matters concerning the Materials. The information contained in the Materials is not intended to be, and should not be viewed as, “investment advice” within the meaning of 29 C.F.R. §2510.3-21 or otherwise. The Materials are not an offer or solicitation for the purchase or sale of any security including any interest in RA Capital Healthcare Fund, L.P. (the “Master Fund”) or RA Capital Healthcare International Fund, Ltd. (the “Offshore Fund,” and collectively with the Master Fund, the “Fund”), and should not be construed as such. Such an offer will only be

made by means of a confidential Private Placement Memorandum (the “PPM”) to be furnished to qualified investors upon request. The information contained herein is qualified in its entirety by reference to the PPM, which contains additional information about the investment objective, terms, and conditions of an investment in the Fund, and also contains certain disclosures that are important to consider when making an investment decision regarding the Fund. In the case of any inconsistency between any information contained herein and the PPM, the terms of the PPM shall control. The Materials are proprietary and confidential and may include commercially sensitive information, must be kept strictly confidential, and may not be copied, used for an improper purpose, reproduced, republished, or posted in whole or in part, in any form, without the prior written consent of RA Capital. The recipient of the Materials must not make any communication regarding the information contained herein, including disclosing that the Materials have been provided to such recipient, to any person other than

its authorized representatives assisting in considering the information contained herein. Each recipient agrees to the foregoing and to return (or destroy upon RA Capital’s instructions) the Materials promptly upon request. ny investment strategies discussed herein are speculative and involve a high degree of risk, including loss of capital. Investments in any products described herein and the Fund’s performance can be volatile, and investors should have the financial ability and be willing to accept such risks. An investor could lose all or a substantial amount of his or her investment. The Fund may be leveraged. Interests in the Fund are illiquid, as there is no secondary market for the Fund interests, and none is expected to develop. The Fund interests are subject to restrictions on transfer. Prior to investing in the Fund, investors should read the PPM and pay particular attention to the risk factors contained therein. Fees and expenses charged in connection with an investment in the Fund may be higher than the fees and expenses of other investment alternatives and may offset investment profits of the

Fund. RA Capital has total trading authority over the Fund. The use of a single advisor applying generally similar trading programs could mean lack of diversification and, consequentially, higher risk. A portion of the trades executed for the Fund may take place on foreign exchanges. It should not be assumed, and no representation is made, that past investment performance is reflective of future results. Nothing herein should be deemed to be a prediction or projection of future performance. To the extent any prior or existing investments are described, RA Capital makes no representations, and it should not be assumed, that past investment selection is necessarily reflective of future investment selection, that any performance discussed herein will be achieved or that similar investment opportunities will be available in the future or, if made, will achieve similar results. In particular, to the extent valuation information is provided for any unrealized investments, such valuations are RA Capital’s estimates as of the date set forth in the Materials, and there can be no assurance that unrealized

investments will be realized at such valuations. While RA Capital believes any valuations presented herein are reasonable, such valuations may be highly subjective, particularly for private investments, are based on information provided by third parties and/or RA Capital’s assumptions, any or all of which might be mistaken or incomplete. Actual realized returns will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs, and the timing and manner or sale, all of which may differ from the assumptions on which the valuations contained herein are based. As a result of the foregoing, actual realized returns may differ materially from the valuations contained herein. References, either general or specific, to securities and/or issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Certain current and prior investments may be highlighted in order to provide additional information regarding RA Capital’s

investment strategy, the types of investments it pursues, and anticipated exit strategies. In addition, due to confidentiality restrictions, the information contained herein might not reference investments in certain companies. Certain information contained herein concerning economic trends and/ or data is based on or derived from information provided by independent third-party sources. RA Capital believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The Materials contain statements of opinion and belief. Any views expressed herein, unless otherwise indicated, are those of RA Capital as of the date indicated, are based on information available to RA Capital as of such date, and are subject to change, without notice, based on market and other conditions. No representation is made or assurance given that such views are correct. RA Capital has no duty or obligation to

update the information contained herein. Certain information contained in this document constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any investment may differ from those reflected or contemplated in such forward-looking statements. Prospective investors should not rely on these forward-looking statements when making an investment decision. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission, any securities administrator under any securities laws of any U.S. or non-U.S. jurisdiction, or any other U.S. or non-U.S. governmental or self-regulatory authority. No such governmental or self-regulatory authority will pass on the merits of any offering of interests by RA Capital or the adequacy of the

information contained herein. Any representation to the contrary is unlawful. The interests in the Fund have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or qualified or registered under any applicable state, local, provincial, or other statutes, rules, or regulations. The Fund has not been, and will not be, registered as an investment company under the U.S. Investment Company Act of 1940, as amended.

IV Forty Seven (Hu5F9-G4) • STVasculox ST

Celgene (CC-90002) HMAlexo

Tioma

PO Corvus (CPI-444) + IV Roche (Tecentriq/atezolizumab) • STPO Corvus (CPI-444) • ST

PO Novartis (PBF-509) • NSCLCAstraZeneca/Heptares

Domain Therapeutics

PO Kyowa Hakko Kirin (istradefylline) *

PO Juno Therapeutics/RedoxTherapies (V2006/vipadenant) *Marketed Parkinsons in Japan

••• MEL RCT:MY18Incyte (INCB24360/epacadostat) PO + Merck (Keytruda/pembrolizumab) IV •/•• ST

•• STIncyte (INCB24360/epacadostat/INCB24360) PO

+Bristol-Myers Squibb (Opdivo/nivolumab) IV•• MDS•/•• OC

Incyte (INCB24360/epacadostat) PO + Roche (Tecentriq/atezolizumab) IV • NSCLC•• OC•• CC•• MDS

Incyte (INCB24360/epacadostat) PO •/•• STiTeos Therapeutics/Pfizer

ioMET Pharma/Merck

RedX Oncology

Bristol-Myers Squibb/Flexus

Nektar (NKTR-218) Ensemble Therapeutics

PC ••DLBCL ••

RCC ••FL ••

GLI •/•• Medivation/CureTech (Pidilizumab/CT-011) IV

Evelo

Vedanta

Macrophage Therapeutics

Trillium Therapeutics (CD200Fc)

Trillium Therapeutics (TTI-621) • SHT

Innate Pharma/Orega Biotech

Alexo

Tizona Therapeutics

PO Dompe (Reparixin) •• BC

IV Bristol-Myers Squibb (Humax-IL-8) •/•• ST

Incyte (INCB-39110) •/•• ST

PO Aminex (AMX-513)

KYN Therapeutics

IT Philogen (Fibromun/L19-TNF) •• SAR*

*Soft Tissue Sarcoma

M MELBoehringer Ingelheim (Beromun; isolated limb perfusion) M SAR

SC Merck (Sylatron/peginterferon α-2b) M MEL

IT/SC CEL-SCI (Multikine) ••• HNC RCT:YE17

Tilos Therapeutics

Isarna (Trabedersen) IV

Huabo Biopharm (HB-002)

ArGEN-X (ARGX-115)

IB FKD Therapies Oy (Instiladrin/rAdIFN w/ Syn3) •• UCC

M NHLM MEL

SC/IM/IC Merck (Intron-A/interferon α-2b) M CLLMerck (SC Intron-A/interferon α-2b + IV Keytruda/pembrolizumab) MEL FAILED

Roche (IV Tecentriq/atezolizumab + SC interferon-α2b) •

Scholar Rock/Janssen

Novartis (Xoma-089)

M NHLM MEL

SC Roche (recombinant interferon alfa-2a (Roferon-A)) M CLL

PO NewLink Genetics (NLG8189/indoximod) •/••

NovImmune (NI-1701) HM

PO Bristol-Myers Squibb/Aslan (ASLAN002) ••* GASTRIC*In Asia

IV Infinity Pharmaceuticals (IPI-549) PO + Merck (Keytruda/pembrolizumab) • STPO Infinity Pharmaceuticals (IPI-549) • ST

IB BDI Pharma/Sanofi Aventis (TheraCys) M UCC

Peregrine Pharmaceuticals (bavituximab) + IV AstraZeneca (MEDI-4736/durvalumab) •/•• ST•/•• MEL•/•• HCC• CRC

NSCLC *DIS-CONTINUED

BC *DIS-CONTINUED

IV Peregrine Pharmaceuticals (bavituximab) PDAC *DIS-CONTINUED

*Suspended

••• PVNS RCT:1Q18•• GBM•• BC

PO Daiichi Sankyo (Pexidartinib/PLX-3397) •/•• AMLPO Daiichi Sankyo (Pexidartinib/PLX-3397) + IV Merck (Keytruda/pembrolizumab) •/•• MEL

PO Deciphera (DCC-3014) PO Daiichi Sankyo (AC708)

•• PVNS RCT:4Q17IV Novartis (MCS-110) •• BC RCT:MY18

IV Roche (Emactuzumab/RG-7155 + Tecentriq/Atezolizumab) • STIV Roche (Emactuzumab/RG-7155) •/•• PVNS

IV Five Prime Therapeutics (FPA-008) + IV Bristol-Myers Squibb (Opdivo/nivolumab) •/••IV Five Prime Therapeutics (FPA-008) •/•• PVNS

Amgen (AMG-820) + IV Merck (Keytruda/pembrolizumab) • STAmgen (AMG-820) • ST

IV Eli Lilly (IMCCS4) • STIV Transgene (TG3003)

IV Takeda (TAK-202/plozalizumab) + IV Bristol-Myers Squibb (Opdivo/nivolumab) • MELPO Pfizer (PF-04136309) •/•• PDAC

PO ChemoCentryx (CCX872) •b PDAC

M MCLPO AbbVie/JNJ (Imbruvica/ibrutinib) M CLL

•/•• STPO AbbVie/JNJ (Imbruvica/ibrutinib) + IV AstraZeneca (MEDI-4736/durvalumab) •/•• PDAC

•• PDAC RCT:MY17 •• HNC RCT:3Q17•• UCC RCT:MY17 •• OC RCT:YE17

•• NSCLC RCT:YE17PO Acerta Therapeutics (ACP196/acalabrutinib) + IV Merck (Keytruda/pembrolizumab) •/•• GBM

REDX Oncology

Advinus Therapeutics

Multimeric Biotherapeutics

Apogenix GmbH (APG-1232)

IV/IT Janssen/Alligator Bioscience (ADC-1013) • STIV Roche (RG7876+Tecentriq/atezolizumab) • ST

Roche (RG7876) • STIV Apexigen (APX005M) + IV Merck (Keytruda/pembrolilzumab) • ST

IV Apexigen (APX005M) • STIV Seattle Genetics (SEACD40) • ST

IV Cancer Research UK (Chi Lob 4/7) • STBristol-Myers Squibb

Celldex (CD40 agonist antibody) IT Pfizer (CP-870893) • ST DIS-

CONTINUED

IM/TOPICAL Dynavax (SD101) •• BCIB Exicure (AST-008) BC

IT Idera Pharmaceuticals (IMO-2125) IT Fortress Bio (CMP-001)

TOPICAL Medicis/3M Pharmaceuticals (Aldara/imiquimod) M/G BCCIB Telormedix (TMX101) •• UCC

IT Immune Design (ID-G100) + IV Merck (Keytruda/pembrolizumab) •/•• NHL• SAR

IT Immune Design (ID-G100) • MCC

IM GSK (monophosphoryl lipid A (MPL) in Cervarix vaccine) M CCIM GSK (SB-AS02B adjuvant) •• MEL

IT Novartis/Aduro Biotech (ADU-S100) • STIFM Therapeutics

Novartis/Surface Oncology Piper Therapeutics

IV AstraZeneca (MEDI-9447) • STCorvus

Juno Therapeutics/RedoxTherapies

AstraZeneca (PO AZD5069 + IV durvalumab) •/•• PDACPO AstraZeneca (AZD5069) •/•• HNC

•/•• BC•/•• NSCLC

PO Incyte (Jakafi/Ruxolitinib) • ST•• PDAC

PO Gilead (Momelotinib) • NSCLC

ioMET Pharma

RedX Oncology

Bristol-Myers Squibb/Flexus

Roche/Curadev (RG70099)

Pfizer/iTeos Therapeutics

ioMET Pharma

RedX Oncology

Bristol-Myers Squibb/Flexus

•• PDAC RCT:YE16•• GBM RCT:MY16•• CRC•• PC

PO Eli Lilly (LY2157299/galunisertib) + IV Bristol-Myers Squibb (Opdivo/nivolumab) •• OCPO Eli Lilly (LY2157299/galunisertib) • ST

MedPacto (TEW-7197) • STBristol-Myers Squibb/Rigel

•• HNCIV/SC Celgene/VentiRx Pharmaceuticals (VTX2337) •• OC

•/•• NSCLCIV Biothera (Imprime PGG) •/•• CRC

TOPICAL 3M Pharmaceuticals/Celldex (resquimod) •/•• NHL

IM/IT Oncovir (Hiltonol/poly ICLC) •• MEL

SC Mologen (MGN1703) •• SCLCIT/IV Checkmate (CMP-001) •

IM/IT Immune Design (IDC-G305/GLAAS) • HT

IM GSK (SB-AS15 adjuvant) •• MEL

IT Rigontec GmbH (ImOI100)

•• BC RCT:MY19•/•• MEL

SC Prima Biomed (IMP321) • RCC

Corvus

Confluence Life Sciences

NextCure

Torque Therapeutics

See Immuno-Oncology: CAR-T

See Immuno-Oncology: Cancer Vaccines

Unknown survival benefit

mAbs

TLR2 and TLR4Expressed predominately on monocytic cells

TLR3Endosomal TLR expressed in dendritic cells

TLR4Expressed predominately on monocytes, mature macrophages and dendritic cells, mast cells and the intestinal epithelium.

TLR7 and TLR8Found in endosomes of monocytes and macrophages, with TLR7 also being expressed on plasmacytoid dendritic cells and TLR8 also being expressed in mast cells

TLR7 Found in endosomes of monocytes, macrophages and plasmacytoid dendritic cells

TLR9 Expressed in endosomes of monocytes, macrophages and plasmacytoid dendritic cells

TLR4 and TLR9Expressed predominately on monocytes, mature macrophages and dendritic cells

TLR4Expressed predominately on monocytes, mature macrophages and dendritic cells, mast cells and the intestinal epithelium.

TLR8Found in endosomes of monocytes, macrophages and mast cells

TLR9Expressed in endosomes of monocytes, macrophages and plasmacytoid dendritic cells

TLR agonistsTLRs regulate tissue homeostasis and can prime APCs to respond to foreign antigens

Deliver mycobacteria to tumor

Inhibit adenosine signalingAdenosine promotes differentiation of immunoinhibitory Tregs

Inhibit polyamide synthesis and uptakeThe presence of polyamines such as IDO, arginase, and adenosine promotes the presence of MDSC as well as Tregs

Inhibit CCR2 Promote differentiation of MDSC into mature, non-suppressive cells

Inhibit IL-8/IL-8RB (CXCR2) signalingParacrine signaling by tumor-derived IL-8 to CXCR1 and CXCR2 promotes the trafficking of neutrophils and MDSCs into the tumor microenvironment. IL-8 also has a role in the development of cancer stem cells.

Inhibit Bruton’s tyrosine kinase (BTK)Targeting BTK inhibits MDSC migration into tissues and expression of suppressive factors such as nitric oxide (NO) as well as Tregs

Inhibit Janus kinase (JAK)Decrease inflammatory cytokines that recruit MDSCs

Target other components of the IDO/TDO pathwayUnknown target in IDO/TDO pathway

Alternatively spliced extradomain-B of fibronectin

Adenovirus expressing IFNα2b

Kynurenine

TGFβ pathway inhibition with mAb against latency associated peptides

TGFβ2 antisense

TGFβ- and VEGF-targeting bifunctional fusion protein

Anti-GARP mAb - inhibitor of TGFβ release

Genetically modified non-replicating virus to the tumor

Long-acting Less frequent injections

Not targeted with a mAbLimited to use in isolated limb perfusion

Targeted with a mAb

Short-acting more frequent injections

Block IL-35Tregs secrete IL-35, which promotes Treg proliferation

Decrease adenosine production via the ectonucleotidases CD39 and CD73

CD73 antagonist

CXCR2

JAK1/2

Second-generation BTK inhibitorPotential for better safety profile (lower infection risk, bleeding risk, and GI tox) due to improved specificity

First-generation BTK inhibitor • Selectivity problems associated with: • BTK: infection risk | EGFR: GI tox, and rash | JAK3: bleeding

CD39 antagonist

IL-8

CXCR2 and IL-8

JAK1

Attenuated bacillus Calmette-Guerin/BCG

Anti-CD206 mAb conjugated to a cytotoxic payload

Undisclosed mechanismHypothesized synergy with PD1

Provide S. cerevisiae polysaccharide

STING agonists• Induces IFN-β production which primes T cells • Drives abscopal response in preclinical studies

RIG-I agonist• Expressed ubiquitously • Induces IFN-β production which primes T cells

Formulated CD40L

Class has proven survival benefit

Celgene/Jounce Therapeutics (JTX-2011) •/••GSK (GSK3359609)

INSERM

MSKCC

Bristol-Myers Squibb

Principia Biopharma

Takeda

Bristol-Myers Squibb

Novartis

GSK

Sanofi

Ablynx/Merck

Compugen/Bayer

F-star/AbbVie

Morphosys/Merck KGaA

Sutro Biopharma/Celgene

Symphogen/Baxalta

Arcus Biosciences

Alpine Immune Sciences

Compass Therapeutics

Harpoon Therapeutics

ImmuneXcite

Kymab

OncoResponse

Trellis Bioscience

Zymeworks

Applied Immune Technologies

Pelican Therapeutics (PTX-25A)

IV Pfizer (PF-04518600) + IV Pfizer/Merck KGaA (Avelumab) • STRoche (IV RG7888 + IV Tecentriq/atezolizumab) • ST

IV Roche (RG7888) • STIV AstraZeneca (MEDI0562 + durvalumab) • ST

IV AstraZeneca (MEDI0562) • STIV GSK (GSK3174998) + IV Merck (Keytruda/pembrolizumab) • ST

IV GSK (GSK3174998) • ST IV Bristol-Myers Squibb (BMS-986178 + Opdivo/nivolumab) • ST

IV Bristol-Myers Squibb (BMS-986178) •/•• ST•• PC

IV AstraZeneca (MEDI6469) • BCAlligator Bioscience (ADC-1015) Agenus/Incyte (INCAGN01949)

Apogenix GmbH

Apogenix GmbH (ox-40 agonist) IV AstraZeneca (MEDI6383) • ST DIS-

CONTINUED

•• CLLIV Bristol-Myers Squibb (Urelumab) •• NHLIV Pfizer (PF05082566/utomilumab) + IV Pfizer/Merck KGaA (Avelumab) • STIV Pfizer (PF05082566/utomilumab)

+ IV Merck (Keytruda/pembrolizumab) • ST

• STIV Pfizer (PF05082566/utomilumab) • NHL

Bristol-Myers Squibb (IV Urelumab + IV Opdivo/nivolumab) • STApogenix GmbH (4-1bb agonist)

Bioinvent International Multimeric Biotherapeutics

Bristol-Myers Squibb (IV BMS-986156 + IV Opdivo/nivolumab) •/•• SHTNovartis (IV GWN323 + IV PDR001) •/•• SHT

IV Incyte/Agenus (INCAGN1876) •/•• STMerck (IV MK-1248+ IV Keytruda/pembrolizumab) • ST

IV Leap Therapeutics (TRX-518) • MELIV Merck (MK-4166) • ST

IV AstraZeneca (MEDI1873) • STIV Amgen (AMG 228) • ST

Fortress Bio/TG Therapeutics (anti-GITR) Regeneron/Sanofi (anti-GITR)

Merck (mDTA-1) IV Five Prime Therapeutics (FPA154)

IV OncoMed Pharmaceuticals (GITRL-Fc)

PF-04518600+Avelumab: 1Q18

OX40/CD134 agonists• OX40 is expressed on T cells, NK T cells, neutrophils and and NK cells; T cell expression is transient after

TCR ligation.• Most potent at stimulating CD4+ helper T cell response.

• Promotes T cell memory response

IMP321: MY19

Provide anti-MHCII-LAG3-IgG1 fusion proteinPromotes APC activation by binding to MHCII

Multikine: YE17

Multikine mixtureProprietary mix of 19 cytokines, chemokines and other immune system molecules (no antigens, not a vaccine).

Inton-A

Interferon-α (IFNα)• Enhances T-cell and DC response via a poorly-characterized MoA

• Associated with dose-limiting AEs, including influenza-like symptoms (fatigue, fever, headache and muscle aches), nausea, dizziness, anorexia, depression and leukopenia

Beromun

TNFαToxic to tumor neovasculature and activates the endothelium; highly toxic if used systemically

ADC-1013:3Q17

Target CD40• Expressed on activated APCs and B cells • Promotes antigen-specific T cell response

emactuzumab+Tecentriq: 3Q18

Drive M2¨M1 macrophage differentiation

Target CD200/CD200RTumor expressed CD200 prevents macrophage activation

TTI-621: YE16

Target SIRPα/CD47CD47 on tumor cells bind to SIRPα on macrophages to prevent phagocytosis

TheraCys

Activate immune response with microbesmLikely activates the immune system through TLR stimulation among other pathways

ADU-S100: MY17

Target pattern recognition receptorsRecognize pathogen and damage-associated molecular patterns and activate a response

Utomilumab +Avelumab: YE17

4-1BB/CD137 agonist mAbs• 4-1BB is expressed on T cells and NK cells. • Promotes activation and proliferation of T cells

IV Celldex (varlilumab) + IV Bristol-Myers Squibb (Opdivo/nivolumab) • STIV Celldex (varlilumab) + IV Roche (Tecentriq/atezolizumab) •/•• RCC

IV Celldex (varlilumab) •/•• SHTApogenix GmbH (CD27 agonist)

Aduro BioTech (BION-1402)

ST •/•• Merck/cCAM Biotherapeutics (CM-24 + Keytruda/pembrolizumab) IV

ST •/•• Merck (CM-24) IV Agenus

MEL • Galectin Therapeutics (GR-MD-02) IV + Merck (Keytruda/pembrolizumab) IV

MEL • Galectin Therapeutics (GR-MD-02) IV

Roche

Alligator Biosciences (ADC-1015)

Anaeropharma Sciences (ADC-1015)

Hanmi Pharma (CTLA4/TNF-α targeting therapeutics)

ST • Aurigene/Curis (CA-170) PO

BC ••GBM • Ziopharm (Ad-RTS IL-12) IT

OC ••GBM Celsion (GEN-1) IP

HCC •RCC • Immunicum (COMBIGDC) IT

ST •CRC • GSK/AstraZeneca (AMP-224) IV/IV

DIS-CONTINUED MEL •• Bristol-Myers Squibb

(recombinant IL-21/denenicokin) SC/IVDIS-

CONTINUEDBristol-Myers Squibb (recombinant IL-21/denenicokin IV) + (Opdivo/nivolumab IV)

NSCLC ••/• Altor Bioscience (ALT-803) ISC/V + Bristol-Myers Squibb (Opdivo/nivolumab) IV

UBC ••/•NHL ••/•MEL ••/•MM ••/•

PDAC ••/•HT • Altor Bioscience (ALT-803) ISC/V

ST •/•• Armo Biosciences (AM0010/pegylated IL10) ID + Merck (Keytruda/pembrolizumab) IV

ST •/•• Armo Biosciences (AM0010/pegylated IL10) ID Merck (MK1966)

MEL M RCT:3Q20 UCC •••NSCLC M CRC •••

RCC M RCT:1Q19 PDAC ••HL M NHL ••

HNC M OC •/••RCT:2Q17 GBM ••• BC •RCT:3Q17 SCLC ••• PC •RCT:MY19 HCC ••• GASTRIC •RCT:3Q19 ESO ••• Bristol-Myers Squibb (Opdivo/nivolumab) IV

MEL M RCT:YE17 OC ••NSCLC M MCC ••

HNC M BT ••RCT:3Q20 UCC ••• SAR ••RCT:3Q17 BC ••• RCT:1Q18 NHL •/••RCT:1Q18 GASTRIC ••• RCT:2Q21 RCC •/••RCT:1Q18 HL ••• PC •/••RCT:3Q18 MM ••• CLL/SLL •/••RCT:MY18 ESO ••• SCLC •RCT:1Q19 HCC ••• MES •RCT:3Q19 CRC ••• AC •

DLBCL ••• Merck (Keytruda/pembrolizumab) IVSCC ••SHT • Regeneron/Sanofi (REGN2810) IV

ST •/•• Incyte/Jiangsu Hengrui Medicine (SHR-1210) ST • AstraZeneca (MEDI0680) IVST • Pfizer (PF-06801591) IVST • BeiGene (BGB-A317) IVST • Tesaro (TSR-042) IVST • Sorrento Therapeutics/Servier (STI-A1110)

MEL •• OncoSec (OMSI100) + Merck (Keytruda/pembrolizumab) IT/IV

MEL ••MCC ••HNC ••CTL ••BC • OncoSec (OMSI100) IT

NeoImmuneTech (NIT-02) IV

ST • Alkermes (ALKS 4230) IV

ST • Novartis (het IL-15) SC

RCT:YE16 PC •• NCI (CYT107) IV

ST •/•• Nektar (NKTR-214) IV

SMM •• University of Arkansas/Millenium IV

AML •/•• University of Texas M.D. Anderson Cancer Center IV

AML •/•• Fortress Bio (CNDO-109-activated allogeneic NK cells) IV

Nantkwest (haNK) IV

Innate Pharma (IPH4031)

AML • Glycostem Therapeutics (oNKord) IV Celgene Fate Therapeutics Ziopharm

MCC ••AML • Nantkwest (aNK/NK-92) IV

HNC •/••OC •/••

CLL •/•• Innate Pharma/AstraZeneca (IPH2201) IV

MDS •• Innate Pharma/Bristol-Myers Squibb (lirilumab IV+ Opdivo/nivolumab IV)ST •

RCT:2H16 AML ••MM ••

AML ••CLL •• Innate Pharma/Bristol-Myers Squibb (lirilumab) IV

ST • Roche (RO6874281) IV

ST • Roche (RO6895882) IV

DIS-CONTINUED Merck KGaA (Selectikine/EMD 521873) IV

MEL •• Philogen (Darleukin/L19-IL-2) IV

ST • NCI (rIL-15) I IV Oxis Biotech (OXS-3550) Armo (AM0015)

ST • Merck KGaA (NHS-IL12) SC

Kadmon (KD033)

MEL •• Lion Biotechnologies (LN-144) IV

NASO •• Dana Farber Cancer Institute (Biological: Epstein-Barr Virus Specific Immunotherapy) IV

EBV CTL •• Cell Medica (CMD003) IV

NHL •/•• Alopexx (DI-Leu16-IL2) IV

MCC ••AML • Philogen (Teleukin/F16-IL2) IV

RCC MMEL •• Nestle Health Science (Proleukin/aldesleukin) IV

MEL •/••UCC •/••MM •/•• Altor Bioscience (ALT-801) IV

Company (Drug) Inidication2016 2017 2018 2019 2020

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Activ

ate

T ce

ll re

spon

se

T ce

ll

grow

th fa

ctor

s

IL-2 Nektar (NKTR-214) ST

IL-15 Altor (ALT-803) + Bristol-Myers Squibb (Opdivo/nivolumab) NSCLC

IL-7 NCI (CYT107) PC

IL-12 OncoSec OMSI100 MEL

IL-10 Armo (AM0010/pegylated IL10) ST

Inhi

bitio

n of

T c

ell i

mm

une

evas

ion

PD1

Bristol-Myers Squibb (Opdivo/nivolumab)

GBM

HCC

SCLC

EC

UCC

Merck (Keytruda/pembrolizumab)

UCC

BC

HL

EC

MM

HCC

Gastric

CRC

RCC

PDL1

Roche (Tecentriq/atezolizumab)

SCLC

CRC

RCC

BC

AstraZeneca (durvalumab/MEDI-4736)

NSCLC

HNC

UCC

HCC

BC

Pfizer/Merck KGaA (Avelumab)

NSCLC

Gastric

OC

RCC

UCC

MCC

CTLA4Bristol-Myers Squibb (Yervoy/ipilimumab) MCC

AstraZeneca (tremelimumab) OC

PD1 + CTLA4

Bristol-Myers Squibb (Opdivo/nivolumab + Yervoy/ipilimumab)

GBM

NSCLC

SCLC

RCC

HNC

Merck (Keytruda/pembrolizumab) + Bristol-Myers Squibb (Yervoy/ipilimumab) MEL

PDL1 + CTLA4

AstraZeneca (durvalumab/MEDI-4736+ tremelimumab)

HNC

UCC

NSCLC

HCC

GEJ

LAG3 Bristol-Myers Squibb (BMS-986016 +Opdivo/nivolumab) ST

B7-H3 MacroGenics (Enoblituzumab/MGA271) + Merck (Keytruda/pembrolizumab) ST

TIM3 Novartis (MBG453 +PDR001) ST

VISTA ImmuNext/Janssen (JNJ-61610588) ST

CEACAM1 Merck (CM-24) ST

Galectin-3 Galectin (GR-MD-02) + Merck (Keytruda/pembrolizumab) MEL

T ce

ll co

stim

ulat

ory

fact

ors

OX40 Pfizer (PF-04518600) + Pfizer/Merck KGaA (Avelumab) ST

4-1bb Pfizer (utomilumab/PF05082566;IV) + Pfizer/Merck KGaA (Avelumab) ST

GITR Bristol-Myers Squibb (BMS-986156 + Opdivo/nivolumab) ST

CD27 Celldex (varlilumab) + Roche (Tecentriq/atezolizumab) ST

Targ

et

NK

cells Disinhibit NK cells Innate Pharma/Bristol-Myers Squibb

(lirilumab + Opdivo/nivolumab) ST

Activate NK cells Nantkwest (aNK/NK-92) AML

Rev

erse

sup

pres

sive

m

icro

envi

ronm

ent

Broadly acting cytokines CEL-SCI (Multikine) HNC

TGFβ inhibitors Eli Lily (galunisertib/LY2157299) ST

iDO inhibitors Incyte (epacadostat/INCB24360) + Merck (Keytruda/pembrolizumab) MEL

Target MDSCs Acerta (acalabrutinib/ACP196) + Merck (Keytruda/pembrolizumab)

PDAC

UCC

Target T-regs Corvus (CPI-444) + Roche (Tecentriq/atezolizumab) ST

Targ

et A

PCs

Dis

inhi

bit

SIRPα/CD47 Trillium Therapeutics (TTI-621) HM

Target M2 macrophages

Roche (emactuzumab/RG-7155 + Tecentriq/Atezolizumab) ST

Activ

ate

Pattern Recognition Receptors

Novartis/Aduro (ADU-S100) ST

CD40 Roche (RG7876+Tecentriq/atezolizumab) ST

MHC-II Prima Biomed (IMP321) ST

NCT02009449 1Q17 1/2

NCT02523469 YE18 1/2 MY17 1/2

NCT01881867 1Q17 2

NCT02017717 2Q17 3

NCT02256436 2Q17 3

NCT02352948 2Q17 P

NCT02555657 MY17 3

NCT02516241 3Q17 3NCT02551159 3Q17 3

NCT02395172 3Q17 3

NCT02551159 3Q17 3NCT02516241 3Q17 3NCT02352948 YE17 3

NCT02625623 3Q17 3

NCT02519348 3Q17 2

NCT02155647 3Q17 2NCT02196961 MY17 2

NCT02017717 2Q17 3

NCT02506153 YE17 3

NCT02576509 3Q17 3NCT02538666 2Q18 3

NCT02684292 1Q18 3

NCT02580058 1Q18 3

NCT02477826 1Q18 3

NCT02519348 1Q18 2

NCT02538666 2Q18 3

NCT02564263 MY18 3

NCT02684006 MY18 3

NCT02725489 MY18 2

NCT02576977 3Q18 3NCT02702401 1Q19 3

NCT02743494 3Q19 3

NCT02494583 3Q19 3NCT02563002 3Q19 3

NCT02603432 3Q19 3

NCT02231749 3Q19 3NCT02741570 1Q20 3

NCT02763579 MY19 3NCT02788279 2Q19 3

NCT02632409 3Q20 3

NCT02420821 3Q20 3NCT02425891 3Q20 3

NCT02811861 4Q20 1

NCT01502293 MY18 2

NCT02485990 3Q19 1/2

NCT02340975 4Q17 1/2NCT01968109 2Q18 1

NCT02671955 2Q18 1

NCT02575404 1Q18 1NCT02554812 1Q18 1NCT02179918 1Q17 1

NCT00900809 YE16 1

NCT02663518 YE17 1

NCT02675439 MY17 1NCT02304393 YE17 1

NCT01265849 YE17 3

NCT02346955 2Q19 1

NCT02475213 3Q18 1

NCT01592370 YE17 2

NCT02760797 3Q18 1

NCT02608268 MY18 1

NCT02304419 MY18 2NCT02752074 MY18 3NCT02362048 MY17 2NCT02351739 MY17 2

NCT02614833 MY19 2

NCT02598960 MY18 1

NCT02655822 3Q17 1/2

NCT02543645 YE17 1/2

Phase 3 RCT data3Phase 2 RCT data2Phase 2 data2Phase 1/2 RCT data1/2Phase 1/2 data1/2Phase 1 data1PoC

PDUFAP

io: milestones

Cancer AbbreviationsHematological Tumors Solid TumorsALL Acute Lymphoblastic Leukemia AC Anal Cancer

AML Acute Myeloid Leukemia BCC Basal Cell Carcinoma

ASM Aggressive Systematic Mastocytosis BC Breast Cancer

CEL Chronic Eosinophillic Leukemia BT Biliary Tract

CLL Chronic Lymphocytic Leukemia CC Cervical Cancer

CML Chronic Myeloid Leukemia CIN Cervical Intraepithelial Neoplasia

CTCL Cutaneous T-Cell Lymphoma CHOR Chordoma

DLBCL Diffuse Large B Cell Lymphoma CRC Colorectal Cancer

FL Follicular Lymphoma DFSP Dermatofibrosarcomic Protuberans

HES Hypereosinophillic Syndrome EC Esophageal Cancer

HCL Hairy Cell Leukemia FTC Fallopian Tube Cancer

HL Hodgkin Lymphoma GEJ Gastric or Gastro Esophageal Junction Cancer

MCL Mantle Cell Leukemia GIST Gastrointestinal Stromal Tumor

MLL-r Rearranged Mixed Lineage Leukemia GASTRIC Gastric Cancer

MM Multiple Myeloma GLI Glioma

MDS Myelodysplastic Syndrome HNC Head and Neck Cancer

NMC NUT-Midline Carcinoma HCC Hepatocellular Carcinoma

WM Waldenstrom Macroglobulinemia HPV Human Papilloma Virus associated Cancers

NMC NUT-Midline Carcinoma LC Lung Cancer

WM Waldenstrom Macroglobulinemia MA Malignant Ascites

iNHL Indolent Non-Hodgkin’s Lymphoma MEL Melanoma

NHL Non-Hodgkin Lymphoma MCC Merkel Cell Carcinoma

NMC NUT-Midline Carcinoma MES Mesothelioma

WM Waldenstrom Macroglobulinemia MTC Medullary Thyroid Carcinoma

iNHL Indolent Non-Hodgkin’s Lymphoma NASO Nasopharyngeal

Clinical stage codes Preclinical/Discovery OTC Over-the-Counter

• Phase 1 NDA New Drug Application

•• Phase 2 BLA Biologics License Application

••• Phase 3 MAA Marketing Authorization Application (Europe's NDA)

M Marketed D Dormant/discontinued

G Generic Ñ Failed

RCT Randomized Controlled Trial CP Compounding Pharmacy

IST Investigator-Sponsored Trial PD(L)1

PDUFA PDUFA POC: Unknown

ANDA Abbreviated New Drug Application POC: Validated

OL Off-label POC: Failed

Routes of deliveryIV Intravenous IB Intravesical/Intrabladder

ID Intradermal IC Intracerebral

IM Intramuscular EC Epicutaneous

SC Subcutaneous IN Intranasal

PO Oral DosageIVT Intravitreal QD Once a day

Intrathercal Intrathecal BID Twice a day

IT Intratumoral TID Three times a day

TD Transdermal QW Once a week

IPL Intrapleural Q2W Once every 2 weeks

IP Intraperitoneal QM Once a month

Provide T-cell growth factors

Inhibit T-cell immune evasion pathwaysImmune signals are weakened as a result of immune cell exhaustion or immunosuppressive elements of the tumor microenvironment; can be optimized to clear regulatory T cells via ADCC

Class has confirmed overall survival benefit and has induced long-term cures

Anti-NKG2A mAbsNKG2A is an inhibitory receptor on NK cells and some CD8+ T cells that binds overexpressed HLA-E on tumor cells.

Anti-MICA/MICB mAbsMICA/B overexpression on tumor cells disrupts costimulatory signaling through NKG2D on NK cells and some T cells.

Not antigen-specific

See ‘T-cell Growth Factors’

Off-the-shelf human NK cell line

Irradiated cell line

Can be manufactured at central facility

Must be manufactured in-house

High-affinity binding to antibodies Added synergy with mAbs such as Rituxin or Herceptin

Ex vivo IL-21-activated allogeneic NK cells

No added specificity

Ex vivo-expanded autologous NK cells

Patient-specific manufacturing

See Immuno-Oncology: CAR-T

NK-cell growth factors

Antigen-specific

Signals through IL-2RγShares part of signaling pathway with validated IL-2

Does not signal through IL-2R

Eliminate capillary leak syndrome, more convenient dosing

Shielded from activating T cells in peripheral blood

Selective for effector T cells over regulatory T cells

Reduced IL-2Rα bindingAllows for receptor recycling

PEGylation enhances tumor targeting

Antibody targeting to tumorLocalization may still be driven by IL-2 binding

Broad range Antigen target is expressed in wide range of tumor types

Broad range Antigen target is expressed in wide range of tumor types

Anti-DNA antibody

Anti-fibroblast activation protein (FAP) antibody fusion

Anti-carcinoembryonic antigen (CEA) antibody fusion

Electroporation delivery

Blocking PDL2-Fc fusion protein

Oral PDL1/PDL2/VISTA-targeted

Non-replicating adenovirusIL-12 production activated by oral veledimex

PEG-polyethylenimine-cholesterol lipopolymer carrier

Allogenic dendritic cells that release cytokines

Recombinant protein

Anti-CD20 antibody

p53-specific single chain TCR

Targeted with PDL1 mAb

Nektar (NKTR-255) PEGylation enhances half life

Recombinant protein

ECM glycoprotein tenascin-C

Alternatively spliced extra-domain B (EDB) of fibronectin

Narrow range Antigen target is expressed in subset of tumor types

Narrow range Antigen target is expressed in subset of tumor types

Genetically-engineered vector

No genetic engineering

PD1

PDL1

Reduced IL-2Rα bindingAllows for receptor recycling

IL-2 fused to targeting molecule

Selective for effector T cells over regulatory T cells

Not selective for effector T cells

Not shielded from activating T cells in peripheral blood

Associated with capillary leak syndrome, must be dosed in specialized setting

Tumors are surgically removed, tumor infiltrating leukocytes are isolated and expanded in a central facility, and re-infused into patients

Pre-existing Epstein-Barr virus-specific T cells are expanded ex vivo from peripheral blood

Peripheral PBMCs are infected with EBV and subsequently irradiated to develop autologous EBV-specific T cells

Class has unknown overall survival benefit

Class has known overall survival benefit

Class has unknown survival benefit

Disinhibit APCs

Amplify existing APC response

Educate Dendritic CellsCancer vaccines target immune response against tumor epitopes

Provide broadly-acting cytokinesPoorly-defined MOA

Unspecified targets within the tumor microenvironment

Re-direct T-cell targeting via genetic engineering

Induce CTL response by promoting differentiation of Th1-dominant helper T cells

Undisclosed platform

Unpartnered

Class has known survival benefit

Unknown survival benefit

FAILED

IL-21• Activates T cells, particularly along the Th17 and Treg

axis by binding IL-21R, which complexes with the γ subunit of IL-2R

• Can induce proliferation and activation of CD8 cells, but along a less-activated pathway than IL-2, IL-15, or IL-7

• Promotes antigen-specific responses and differentiation into plasma cells in B cells

• Has failed as monotherapy

Proleukin

IL-2• Canonical T cell growth factor• Induces activation and proliferation of NK cells, B

cells and monocytes

LN-144

Ex vivo T cell growth factorsRequires complicated patient specific manufacturing

CYT107: 1Q17

IL-7• Augments antigen-specific T cell responses, selectively expanding CTL over Tregs• Promotes differentiation of B cells

• Maintains a stable pool of naive and memory T cells• Signals through the IL-7R complexed with the γ subunit of the IL-2R

ALT-803+Opdivo: YE18

Signals through IL-2Rγ and IL-2Rβ with no α subunit targetingUnknown phenotype, likely similar to IL-2 and IL-15

Unknown target

Anti-TIGIT mAbs• TIGIT is expressed on exhausted NK and T cells. • Inhibiting TIGIT enhances activation of NK cells and T cells

JNJ-61610588:2Q18

Anti-VISTA mAb• VISTA is expressed on MDSC and Tregs. • Inhibiting VISTA increases proliferation and activation of T cells.

CM-24:2Q19

Anti-CEACAM1 mAbs• Expression of CEACAM1 on tumors cells can inhibit CTL and NK cells. • CEACAM1 is associated with poor prognosis.

GR-MD-02+Keytruda: 1Q18

Anti-Galectin-3 mAbs• Soluble Galectin-3 is over-produced by tumor cells. • Inhibiting Galectin-3 signaling enhances clonal expansion of T cells and prevents anergy.

rIL-15:YE16

IL-15• Canonical NK cell growth factor• Induces activation and promotion of T cells, which are then biased towards a memory phenotype

• The receptor IL-15Rα can be presented in trans on an APC or in cis on an NK or T cell• IL-15Rα complexes with the β and γ chain of IL-2R to signal

OMSI100: MY18

IL-12• Enhances antigen specific response• Produced mainly by phagocytic cells in response to antigenic

stimulation

• Activates and induces proliferation of CD8+ T cells and NK cells.• Promotes CD4+ T cell differentiation into Th1

AM0010: YE16

IL-10• Usually thought to be immunosuppressive• Induces Treg differentiation and inhibits macrophages and dendritic cells but can activate in some cases by inducing T cell activation, clonal response, and tumor infiltration

Keytruda

PD1 and PDL1/2-targeted agents• PD1 is expressed on T cells while its ligands, PDL1/2 are expressed on tumor cells.• Blocking this interaction enhances T cell activation and proliferation.

• Targeting the PD1/PDL1 axis has higher safety and efficacy than targeting CTLA4.

aNK:YE16

Provide NK cells

lirilumab+pembrolizumab 3Q18

Disinhibit NK cells

rIL-15Has a short half-life and dosing issues

Fc fusionLonger acting and better manufacturing yield

Superagonist of IL-15 bound to IL-15Rα-Fc fusionIncreased serum half-life

Fusion protein of IL-2 and IL-2Rα

IL-15/IL-15Rα fusion

Monospecific mAb

UCC M MEL •NSCLC M OC •

RCT:2H16 RCC ••• MM •RCT:YE16 BC ••• NHL •RCT:2Q19 CRC ••• MDS •RCT:MY19 SAR •• AML •

DLBCL •/•• Roche (Tecentriq/atezolizumab) IV PDUFA:2Q17 NSCLC ••• RCT:4Q17 GASTRIC •/••RCT:3Q17 HNC ••• CC •/••RCT:3Q17 UCC ••• MM •/••RCT:3Q17 HCC •• OC •/••RCT:MY18 BC •• NHL •/••RCT:3Q18 MDS •• DLBCL •/••

PDAC •• AstraZeneca (MEDI-4736/durvalumab) IV RCT:3Q17 NSCLC •••RCT:3Q17 GASTRIC ••• MCC ••RCT:1Q18 OC ••• HNC •RCT:MY18 RCC ••• MES •RCT:3Q19 UCC ••• Pfizer/Merck KGaA (avelumab) IV

ST •• Novartis (PDR001) IVST • Bristol-Myers Squibb (BMS-936559l) IV

North Coast Biologics Antitope Tizona Therapeutics JHL Biotech/HumOrigin Biotechnology Corp. (JHL-1155) Aduro Biotech (BION-007) Alligator Bioscience (ADC-1015) Premier Biomedical

ST • Bristol-Myers Squibb (BMS-986016 IV + Opdivo/nivolumab IV)

ST • Bristol-Myers Squibb (BMS-986016) IVST • Novartis (IMP701 + PDR001) IVST • GSK (GSK2831781) IV

Tesaro (LAG-3 antibody) Agenus/Incyte (LAG-3 checkpoint modulator) MacroGenics (MGD013)

ST • Novartis (MBG453 +PDR001) IV Tesaro (TSR-022) Agenus (TIM3 antibody) Cellerent (TIM3 antibody) Merus (MCLA-134) Enumeral (TIM3 program)

ST • MacroGenics (Enoblituzumab/MGA271) IV + Merck (Keytruda/pembrolizumab) IV

ST • MacroGenics (Enoblituzumab/MGA271) IVBRAIN • Y-mAbs Therapeutics (8H9 Mab) IV

ST • Daiichi Sankyo (DS-5573a) IV

ST • ImmuNext/Janssen (JNJ-61610588) IV

Bristol-Myers Squibb/CytomX Therapeutics (probody drug conjugates)

BioAtla (CAB-CTLA4)

MEL M RCT:1Q20 HNC •••RCT:2Q17 GBM ••• CRC •/••RCT:1Q18 NSCLC ••• Bristol-Myers Squibb

(Yervoy/ipilimumab+Opdivo/nivolumab) IV RCT:3Q19 RCC •••MEL M DIS-

CONTINUED SCLCRCT:MY17 MCC •• DIS-

CONTINUED NSCLCOC •• DIS-

CONTINUED PCBC • DIS-

CONTINUED GASTICPDAC • Bristol-Myers Squibb (Yervoy/ipilimumab) IV

RCT:2Q17 MEL M Bristol-Myers Squibb (Yervoy/ipilimumab) IV + Merck (Keytruda/pembrolizumab) IV

ST • Bristol-Myers Squibb (Yervoy/ipilimumab) IV + Roche (Tecentriq/atezolizumab) IV

RCT:YE17 NSCLC •••RCT:3Q17 HNC ••• ST ••RCT:3Q17 UCC ••• RCT:4Q17 GEJ •/••RCT:YE17 HCC •• AstraZeneca (tremelimumab+durvalumab) IVRCT:3Q19 OC •/••

DIS-CONTINUED MES AstraZeneca (tremelimumab) IV

ST • Agenus (AGEN2041) IV

IgG1 mAb Induces ADCC

Bacteria that produce single-chain fragment antibodies in hypoxic sites

Monospecific mAb

Conditionally-active mAb

IgG2 mAb Induces less ADCC than IgG1; potentially reduces cytokine release syndrome AE

Yervoy

CTLA4-targeted agents• CTLA4 competes with CD28 in the lymph node to suppress T-cell activation.• Blocking CTLA4 preferentially promotes activation of T cells in the lymph node relative to the tumor

site.

• CTLA4 is expressed on Tregs; IgG1 mAb promotes Treg clearance.• Lower efficacy and safety than targeting PD1/PD-L1

Preclinical programs

Bispecific antibodyCTLA4xOX40

CTLA4xTNFα

BMS-986016+Opdivo: 2Q18

Anti-LAG3 mAbs• LAG3 functions as a negative regulator for T cell responses to MHC class II-presented antigens.• Blocks Treg cell-mediated immunosuppression

• Along with PD1, LAG3 is expressed on exhausted T cells

BMS986156+Opdivo: MY18

GITR/TNFRSF18 agonist mAbsGITR is expressed on T cells, B cells, NK cells, and dendritic cells.

• Enhances effector T cell proliferation and blocks Treg cell-mediated immunosuppression • GITR is constitutively expressed on Tregs

TNFRSF25/DR3 fusion protein• Present on T cells, especially memory T cells. • The TNFRSF25 ligand TL1A is expressed on APCs.

galunisertib: MY18

Inhibit TGFβ pathway• Enhances tumor growth, promotes formation of tumor stroma, and increases metastatic potential

• TGFβ acts as a tumor growth suppressor during early tumorigenesis.

• Suppresses Treg activity

epacadostat+pembrolizumab: MY18

Inhibit IDO) and/or TDOIDO and TDO deplete tryptophan. Low tryptophan levels promote Treg differentiation and suppress DC function, which dampen the immune response.

acalabrutinib+Keytruda: MY17

Target myeloid-derived suppressor cells (MDSCs)MDSCs are immature myeloid cells that maintain the immunosuppressive tumor microenvironment via the production of arginase, IDO, ROS and suppressive cytokines.

CPI-444: MY18

Target immunosuppressive function of Tregs

ICOS agonist mAbs• Expressed on activated T cell • The ICOS ligand is expressed on B cells, APCs and some tumor cells.

Enoblituzumab+Keytruda: 3Q18

Anti-B7-H3 mAbsB7-H3 shows some homology to PDL1 and is expressed on inhibitory cells.

MBG453+PDR001:MY18

Anti-TIM3 mAbs• TIM3 is expressed on T cells, NK T cells, and APCs, and is co-expressed with PD1 on exhausted T

cells.• TIM3 may block enhanced signaling via GAL9.

varlilumab+Tecentriq: YE17

CD27 agonist mAbsCD27 is expressed on most effector T cells, some NK cells and some B cells

• Drives germinal center formation via CD4+ T cells • The CD27 ligand CD70 is present on activated T and B cells, dendritic cells and macrophages.

TL1A-Ig fusion

Selectively inhibit ITK

Unknown selectivity for ITK Higher potential for off-target AEs

Antibody/antibody-like discovery programs (undisclosed targets)Partnered

Antibody/antibody-like discovery programs (undisclosed targets)

Inhibit ITK• Promotes Th1 differentiation; enhances activation and tumor uptake by APCs

• May inhibit NK cells

Local administration

Systemic administration

Preclinical IO platforms

Drive M2 macrophages to apoptosis

Inhibit colony-stimulating factor 1 receptor (CSF1R) inhibitorM2 macrophages depend on CSF1R signaling for survival

SIRPα-Fc fusion protein• Decoy receptor that blocks CD47 signaling • Lower affinity for RBCs; could have less severe hematological toxicity

Anti-CD47 mAbHigher affinity for RBCs; could have more severe hematological toxicity Bispecific (CD47xCD19) antibody

CD19 expressed on B cells

High-affinity soluble SIRPα monomers

Tyrosine kinase inhibitor• Dosed orally

• Associated with off-target effects including inhibiting the oncogene c-KIT

Inhibit phosphoinositide 3-kinase γ (PI3Kγ)Blocks macrophage differentiation and myeloid cell migration

Target phosphatidylserineDrives differentiation of M2 macrophages and production of immunoinhibitory cytokines

Inhibit RON• Expressed on myeloid cells

• Tumors secrete RON’s ligand, macrophage stimulating protein (MSP)

• Decreases production of IL-12, IFNγ and TNF, and increases IL-10

• Promotes M2 phenotype

mAbs• Dosed IV • More specific for CSF1R

Monospecific antibody

Antagonize adenosine A2A receptor• Elevated cAMP blunts TCR-mediated cytotoxicity • Inhibits effector T cells • Expands Treg cells • Enhances NK cell cytotoxicity

Dual IDO/TDO

TDO• Upregulated in hepatocytes and in the brain • Potential for on-target toxicity

IFNα2b

IFNα2a

IDOExpressed by tumor cells and APC

Anti-TGFβ mAb

TGFβ kinase inhibitor

Derived from stem cells

Anti-KIR mAbsKIR is an inhibitory receptor on NK cells that binds HLA-C on tumor cells

Activate T-Cell Response

Activate Antigen Presenting Cell (APC) Response

Non-epitope-specific activation

Reverse the Suppressive

Microenvironment

Activate NK Cells

Signal Dendritic Cell CTL

Stimulatory Signal

CD40 CD40L

TL1A TNFRSF25

GITR ligand GITR

4-1BB ligand 4-1BB

OX40 ligand OX40

CD70 CD27

HHLA2 TMIGD2

ICOS ligand ICOS

CD86CD28

CD80

Signal 1 MHC class II TCR

Inhibitory Signal

LAG3

CD86 CTLA4

CD80 PDL1

PDL1 PD1

PDL2 CD80

VISTA ?

BTNL2 ?

B7-H4 ?

B7-H4 ?

Butyrophilin famliy ?

CD48 CD244

CD155 TIGIT

Galectin 9TIM3

Phosphatidylserine

BTLA

HVEM CD160

Stimulatory Signal Siglec Family LIGHT

Regulatory T Cell PD1 CD27

CTLA4 Neurophil

TNFRSF25 VEGF

GITR LAG3

4-1BB ICOS

OX40 CD25

Keytruda/anti-PD1$1.40B (23%)

Opdivo/anti-PD1$3.77B (61%)

Yervoy/anti-CTLA4$1.05B (17%)

Potential CancerImmunotherapy Market

$60BThe Checkpoint

InhibitorMarket in 2016:

The CheckpointInhibitor

Market in 2020$25.2B

2016 2020

Keytruda/anti-PD1$5.5B (22%)

Opdivo/anti-PD1$11.9B (47%)

Yervoy/anti-CTLA4$2.0B (8%)

Tecentriq/anti-PDL1$2.8B (11%)

Durvalumab/anti-PDL1$1.0B (4%)

Other$2.0B (8%)

$6.2B

CRCPDAC MSI CRC MSIUCCT cell Lymphoma

Frequency of Neoantigens

Number ofPatients

Indication

Low Medium/Unknown High

MELNSCLCGASTRICESOSCLCMCCMESHCCHNCRCCBCLBCPDACOCPCGBM

Ove

rall

Res

pons

e R

ate

(%)

10

20

30

40

50

60

70

80

90

100

101

138§596675226 99 9278 23644117192

24011¥

82193114 4 13252342 17 5559 278

21025 1685475151715

Pfizer/Merck KGaA (avelumab)AstraZeneca (durvalumab/MEDI-4736)Roche (Tecentriq/atezolizumab)

Merck (Keytruda/pembrolizumab)Bristol-Myers Squibb (Opdivo/nivolumab)

PD1:

PDL1:

¥ In combination with pazopanib | § not frontline

Bristol-Myers Squibb (BMS-936559)

Signal NK Cell Tumor CellsSiglec family Sialyated glycan

Inhibitory Signal

KIR MHC Class I

CD155CD96

TIGIT

Stimulatory Signal

MICA familyNKGR2

RAET1/ULBP family

Provide T-cell costimulatory factors• Provide the ‘second signal’ after TCR engagement to induce

proliferation of existing antigen-specific T cells• Can be optimized to clear Tregs via ADCC

00

Patie

nts

Surv

ivin

g (%

)

Months:

Hazard Ratio: 0.52 (99.79% CI, 0.26 to 0.55) P<0.001

Robert, C., Long, G.V., Brady, B., Dutriaux, C., Maio, M., Mortier, L. et al, Nivolumab in previously untreated melanoma without BRAF mutation. N Engl J Med. 2015;372:320–330.

Nivolumab (N=210)Dacarbazine (N=208)

NivolumabDacarbazine

50/210

96/208

not reached

10.8 (9.3-12.1)

210208

185177

150123

10582

4522

83

00

3 96 12 15 18Patients

who DiedMedian Survival

(95% CI)

60

10

20

30

40

50

60

70

80

90

100

overall survival

00

Ove

rall

Surv

ival

(%)

Months:

Hazard Ratio: 0.37 (95% CI, 0.26-00.55) P<0.001

Chapman, P.B., Hauschild, A., Robert, C., Haanen, J.B., Ascierto, P., Larkin, J. et al, Improved survival with vemurafenib in melanoma with BRAF V600E mutation. N Engl J Med. 2011;364:2507–2516.

Vemurafenib (N=336)Dacarbazine (N=336)

DacarbazineVemurafenib

336336

283320

192266

137210

98162

64111

3980

2035

914

16

11

00

00

1 2 3 94 5 6 7 8 10 11 12

10

20

30

40

50

60

70

80

90

100

overall survival

efficacy

Immuno-Oncology Abbreviations4-1BB/CD137 TNF receptor superfamily member 9 LTA lymphotoxin-α

BTLA B and T lymphocyte attenuator MIC MHC class I polypeptide-related sequence

BTNL2 butyrophilin-like protein 2 MICA MHC class I polypeptide-related sequence A

BTK Bruton’s tyrosine kinase MICA/MICB MHC class I polypeptide-related sequence A/B

CEACAM1 Carcinoembryonic antigen-related cell adhesion molecule 1 NK Natural killler

CSF1R colony-stimulating factor 1r NKG2A Killer cell lectin-like receptor subfamily C member 1

CTLA4 Cytotoxic T lymphocyte associated protein 4 OX40/CD134 Tumor necrosis factor (TNF) receptor superfamily member 4

CXCL12 chemokine (C-X-C motif) ligand 12 PBMC Peripheral blood mononuclear cell

CXCR4 C-X-C chemokine receptor type 4 PD1 Programmed cell death 1

FAET1/ULBP retinoic acid early transcripts 1/UL16-binding protein PDL1/2 PD1 ligand 1/2

GARP leucine-rich repeat containing 32 PVR poliovirus receptor

GITR/TNFRSF18 Glucocorticoid-induced TNF receptor-related protein RON Recepteur d’Origine Nantais

GM-CSF granulocyte–macrophage colony-stimulating factor SHT Solid and Hematological Tumors

HHLA2 HERV-H LTR-associating protein 2 Siglec sialic acid-binding immunoglobulin-type lectin

HT Hematological Tumors SIRPα signal-regulatory protein

HVEM herpes virus entry mediator ST Solid Tumors

ICOS Inducible T cell co-stimulator STING transmembrane protein 173

ICOSL inducible T cell co-stimulator ligand TGFβ transforming growth factor-β

IDO/TDO Indoleamine 2,3-dioxygenas / Tryptophan 2,3-dioxygenase TIGIT T cell immunoreceptor with Ig and ITIM domains

IFN Interferon TIM3 T cell immunoglobulin and mucin domain 3

IFNγ interferon-γ TL1A TNF-like ligand 1A

IgSF immunoglobulin superfamily TMIGD1/2 transmembrane and immunoglobulin domain-containing protein 1/2

ILT immunoglobulin-like transcript TNFR TNF receptor

ITK IL2-inducible T-cell kinase TNFRSF25/DR3 TNF receptor superfamily member 25

JAK Janus Kinase TNFα tumour necrosis factor-α.

KIR Killer cell immunoglobulin-like receptor VEGF vascular endothelial growth factor

LAG3 Lymphocyte-activation gene 3VISTA V-region immunoglobulin-containing suppressor of T cell activation

LIR leukocyte immunoglobulin-like

Monospecific mAb

immuno-oncology february 2017

general disclaimers:The information contained herein (the “Materials”) regarding RA Capital Management, L.P. and its affiliates and/or any investment products it advises (collectively, “RA Capital”) is provided for informational and discussion purposes only and is not, and may not be relied on in any manner, as legal, tax, or investment advice. Each recipient should make its own investigations and evaluations of RA Capital, any investment products it advises, and the Materials, and should consult its own attorney, business adviser, and tax adviser as to legal, business, tax, and related matters concerning the Materials. The information contained in the Materials is not intended to be, and should not be viewed as, “investment advice” within the meaning of 29 C.F.R. §2510.3-21 or otherwise. The Materials are not an offer or solicitation for the purchase or sale of any security including any interest in RA Capital Healthcare Fund, L.P. (the “Master Fund”) or RA Capital Healthcare International Fund, Ltd. (the “Offshore Fund,” and collectively with the Master Fund, the “Fund”), and should not be construed as such. Such an offer will only be

made by means of a confidential Private Placement Memorandum (the “PPM”) to be furnished to qualified investors upon request. The information contained herein is qualified in its entirety by reference to the PPM, which contains additional information about the investment objective, terms, and conditions of an investment in the Fund, and also contains certain disclosures that are important to consider when making an investment decision regarding the Fund. In the case of any inconsistency between any information contained herein and the PPM, the terms of the PPM shall control. The Materials are proprietary and confidential and may include commercially sensitive information, must be kept strictly confidential, and may not be copied, used for an improper purpose, reproduced, republished, or posted in whole or in part, in any form, without the prior written consent of RA Capital. The recipient of the Materials must not make any communication regarding the information contained herein, including disclosing that the Materials have been provided to such recipient, to any person other than

its authorized representatives assisting in considering the information contained herein. Each recipient agrees to the foregoing and to return (or destroy upon RA Capital’s instructions) the Materials promptly upon request. ny investment strategies discussed herein are speculative and involve a high degree of risk, including loss of capital. Investments in any products described herein and the Fund’s performance can be volatile, and investors should have the financial ability and be willing to accept such risks. An investor could lose all or a substantial amount of his or her investment. The Fund may be leveraged. Interests in the Fund are illiquid, as there is no secondary market for the Fund interests, and none is expected to develop. The Fund interests are subject to restrictions on transfer. Prior to investing in the Fund, investors should read the PPM and pay particular attention to the risk factors contained therein. Fees and expenses charged in connection with an investment in the Fund may be higher than the fees and expenses of other investment alternatives and may offset investment profits of the

Fund. RA Capital has total trading authority over the Fund. The use of a single advisor applying generally similar trading programs could mean lack of diversification and, consequentially, higher risk. A portion of the trades executed for the Fund may take place on foreign exchanges. It should not be assumed, and no representation is made, that past investment performance is reflective of future results. Nothing herein should be deemed to be a prediction or projection of future performance. To the extent any prior or existing investments are described, RA Capital makes no representations, and it should not be assumed, that past investment selection is necessarily reflective of future investment selection, that any performance discussed herein will be achieved or that similar investment opportunities will be available in the future or, if made, will achieve similar results. In particular, to the extent valuation information is provided for any unrealized investments, such valuations are RA Capital’s estimates as of the date set forth in the Materials, and there can be no assurance that unrealized

investments will be realized at such valuations. While RA Capital believes any valuations presented herein are reasonable, such valuations may be highly subjective, particularly for private investments, are based on information provided by third parties and/or RA Capital’s assumptions, any or all of which might be mistaken or incomplete. Actual realized returns will depend on, among other factors, future operating results, the value of the assets and market conditions at the time of disposition, any related transaction costs, and the timing and manner or sale, all of which may differ from the assumptions on which the valuations contained herein are based. As a result of the foregoing, actual realized returns may differ materially from the valuations contained herein. References, either general or specific, to securities and/or issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. Certain current and prior investments may be highlighted in order to provide additional information regarding RA Capital’s

investment strategy, the types of investments it pursues, and anticipated exit strategies. In addition, due to confidentiality restrictions, the information contained herein might not reference investments in certain companies. Certain information contained herein concerning economic trends and/ or data is based on or derived from information provided by independent third-party sources. RA Capital believes that the sources from which such information has been obtained are reliable; however, it cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. The Materials contain statements of opinion and belief. Any views expressed herein, unless otherwise indicated, are those of RA Capital as of the date indicated, are based on information available to RA Capital as of such date, and are subject to change, without notice, based on market and other conditions. No representation is made or assurance given that such views are correct. RA Capital has no duty or obligation to

update the information contained herein. Certain information contained in this document constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any investment may differ from those reflected or contemplated in such forward-looking statements. Prospective investors should not rely on these forward-looking statements when making an investment decision. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission, any securities administrator under any securities laws of any U.S. or non-U.S. jurisdiction, or any other U.S. or non-U.S. governmental or self-regulatory authority. No such governmental or self-regulatory authority will pass on the merits of any offering of interests by RA Capital or the adequacy of the

information contained herein. Any representation to the contrary is unlawful. The interests in the Fund have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or qualified or registered under any applicable state, local, provincial, or other statutes, rules, or regulations. The Fund has not been, and will not be, registered as an investment company under the U.S. Investment Company Act of 1940, as amended.

IV Forty Seven (Hu5F9-G4) • STVasculox ST

Celgene (CC-90002) HMAlexo

Tioma

PO Corvus (CPI-444) + IV Roche (Tecentriq/atezolizumab) • STPO Corvus (CPI-444) • ST

PO Novartis (PBF-509) • NSCLCAstraZeneca/Heptares

Domain Therapeutics

PO Kyowa Hakko Kirin (istradefylline) *

PO Juno Therapeutics/RedoxTherapies (V2006/vipadenant) *Marketed Parkinsons in Japan

••• MEL RCT:MY18Incyte (INCB24360/epacadostat) PO + Merck (Keytruda/pembrolizumab) IV •/•• ST

•• STIncyte (INCB24360/epacadostat/INCB24360) PO

+Bristol-Myers Squibb (Opdivo/nivolumab) IV•• MDS•/•• OC

Incyte (INCB24360/epacadostat) PO + Roche (Tecentriq/atezolizumab) IV • NSCLC•• OC•• CC•• MDS

Incyte (INCB24360/epacadostat) PO •/•• STiTeos Therapeutics/Pfizer

ioMET Pharma/Merck

RedX Oncology

Bristol-Myers Squibb/Flexus

Nektar (NKTR-218) Ensemble Therapeutics

PC ••DLBCL ••

RCC ••FL ••

GLI •/•• Medivation/CureTech (Pidilizumab/CT-011) IV

Evelo

Vedanta

Macrophage Therapeutics

Trillium Therapeutics (CD200Fc)

Trillium Therapeutics (TTI-621) • SHT

Innate Pharma/Orega Biotech

Alexo

Tizona Therapeutics

PO Dompe (Reparixin) •• BC

IV Bristol-Myers Squibb (Humax-IL-8) •/•• ST

Incyte (INCB-39110) •/•• ST

PO Aminex (AMX-513)

KYN Therapeutics

IT Philogen (Fibromun/L19-TNF) •• SAR*

*Soft Tissue Sarcoma

M MELBoehringer Ingelheim (Beromun; isolated limb perfusion) M SAR

SC Merck (Sylatron/peginterferon α-2b) M MEL

IT/SC CEL-SCI (Multikine) ••• HNC RCT:YE17

Tilos Therapeutics

Isarna (Trabedersen) IV

Huabo Biopharm (HB-002)

ArGEN-X (ARGX-115)

IB FKD Therapies Oy (Instiladrin/rAdIFN w/ Syn3) •• UCC

M NHLM MEL

SC/IM/IC Merck (Intron-A/interferon α-2b) M CLLMerck (SC Intron-A/interferon α-2b + IV Keytruda/pembrolizumab) MEL FAILED

Roche (IV Tecentriq/atezolizumab + SC interferon-α2b) •

Scholar Rock/Janssen

Novartis (Xoma-089)

M NHLM MEL

SC Roche (recombinant interferon alfa-2a (Roferon-A)) M CLL

PO NewLink Genetics (NLG8189/indoximod) •/••

NovImmune (NI-1701) HM

PO Bristol-Myers Squibb/Aslan (ASLAN002) ••* GASTRIC*In Asia

IV Infinity Pharmaceuticals (IPI-549) PO + Merck (Keytruda/pembrolizumab) • STPO Infinity Pharmaceuticals (IPI-549) • ST

IB BDI Pharma/Sanofi Aventis (TheraCys) M UCC

Peregrine Pharmaceuticals (bavituximab) + IV AstraZeneca (MEDI-4736/durvalumab) •/•• ST•/•• MEL•/•• HCC• CRC

NSCLC *DIS-CONTINUED

BC *DIS-CONTINUED

IV Peregrine Pharmaceuticals (bavituximab) PDAC *DIS-CONTINUED

*Suspended

••• PVNS RCT:1Q18•• GBM•• BC

PO Daiichi Sankyo (Pexidartinib/PLX-3397) •/•• AMLPO Daiichi Sankyo (Pexidartinib/PLX-3397) + IV Merck (Keytruda/pembrolizumab) •/•• MEL

PO Deciphera (DCC-3014) PO Daiichi Sankyo (AC708)

•• PVNS RCT:4Q17IV Novartis (MCS-110) •• BC RCT:MY18

IV Roche (Emactuzumab/RG-7155 + Tecentriq/Atezolizumab) • STIV Roche (Emactuzumab/RG-7155) •/•• PVNS

IV Five Prime Therapeutics (FPA-008) + IV Bristol-Myers Squibb (Opdivo/nivolumab) •/••IV Five Prime Therapeutics (FPA-008) •/•• PVNS

Amgen (AMG-820) + IV Merck (Keytruda/pembrolizumab) • STAmgen (AMG-820) • ST

IV Eli Lilly (IMCCS4) • STIV Transgene (TG3003)

IV Takeda (TAK-202/plozalizumab) + IV Bristol-Myers Squibb (Opdivo/nivolumab) • MELPO Pfizer (PF-04136309) •/•• PDAC

PO ChemoCentryx (CCX872) •b PDAC

M MCLPO AbbVie/JNJ (Imbruvica/ibrutinib) M CLL

•/•• STPO AbbVie/JNJ (Imbruvica/ibrutinib) + IV AstraZeneca (MEDI-4736/durvalumab) •/•• PDAC

•• PDAC RCT:MY17 •• HNC RCT:3Q17•• UCC RCT:MY17 •• OC RCT:YE17

•• NSCLC RCT:YE17PO Acerta Therapeutics (ACP196/acalabrutinib) + IV Merck (Keytruda/pembrolizumab) •/•• GBM

REDX Oncology

Advinus Therapeutics

Multimeric Biotherapeutics

Apogenix GmbH (APG-1232)

IV/IT Janssen/Alligator Bioscience (ADC-1013) • STIV Roche (RG7876+Tecentriq/atezolizumab) • ST

Roche (RG7876) • STIV Apexigen (APX005M) + IV Merck (Keytruda/pembrolilzumab) • ST

IV Apexigen (APX005M) • STIV Seattle Genetics (SEACD40) • ST

IV Cancer Research UK (Chi Lob 4/7) • STBristol-Myers Squibb

Celldex (CD40 agonist antibody) IT Pfizer (CP-870893) • ST DIS-

CONTINUED

IM/TOPICAL Dynavax (SD101) •• BCIB Exicure (AST-008) BC

IT Idera Pharmaceuticals (IMO-2125) IT Fortress Bio (CMP-001)

TOPICAL Medicis/3M Pharmaceuticals (Aldara/imiquimod) M/G BCCIB Telormedix (TMX101) •• UCC

IT Immune Design (ID-G100) + IV Merck (Keytruda/pembrolizumab) •/•• NHL• SAR

IT Immune Design (ID-G100) • MCC

IM GSK (monophosphoryl lipid A (MPL) in Cervarix vaccine) M CCIM GSK (SB-AS02B adjuvant) •• MEL

IT Novartis/Aduro Biotech (ADU-S100) • STIFM Therapeutics

Novartis/Surface Oncology Piper Therapeutics

IV AstraZeneca (MEDI-9447) • STCorvus

Juno Therapeutics/RedoxTherapies

AstraZeneca (PO AZD5069 + IV durvalumab) •/•• PDACPO AstraZeneca (AZD5069) •/•• HNC

•/•• BC•/•• NSCLC

PO Incyte (Jakafi/Ruxolitinib) • ST•• PDAC

PO Gilead (Momelotinib) • NSCLC

ioMET Pharma

RedX Oncology

Bristol-Myers Squibb/Flexus

Roche/Curadev (RG70099)

Pfizer/iTeos Therapeutics

ioMET Pharma

RedX Oncology

Bristol-Myers Squibb/Flexus

•• PDAC RCT:YE16•• GBM RCT:MY16•• CRC•• PC

PO Eli Lilly (LY2157299/galunisertib) + IV Bristol-Myers Squibb (Opdivo/nivolumab) •• OCPO Eli Lilly (LY2157299/galunisertib) • ST

MedPacto (TEW-7197) • STBristol-Myers Squibb/Rigel

•• HNCIV/SC Celgene/VentiRx Pharmaceuticals (VTX2337) •• OC

•/•• NSCLCIV Biothera (Imprime PGG) •/•• CRC

TOPICAL 3M Pharmaceuticals/Celldex (resquimod) •/•• NHL

IM/IT Oncovir (Hiltonol/poly ICLC) •• MEL

SC Mologen (MGN1703) •• SCLCIT/IV Checkmate (CMP-001) •

IM/IT Immune Design (IDC-G305/GLAAS) • HT

IM GSK (SB-AS15 adjuvant) •• MEL

IT Rigontec GmbH (ImOI100)

•• BC RCT:MY19•/•• MEL

SC Prima Biomed (IMP321) • RCC

Corvus

Confluence Life Sciences

NextCure

Torque Therapeutics

See Immuno-Oncology: CAR-T

See Immuno-Oncology: Cancer Vaccines

Unknown survival benefit

mAbs

TLR2 and TLR4Expressed predominately on monocytic cells

TLR3Endosomal TLR expressed in dendritic cells

TLR4Expressed predominately on monocytes, mature macrophages and dendritic cells, mast cells and the intestinal epithelium.

TLR7 and TLR8Found in endosomes of monocytes and macrophages, with TLR7 also being expressed on plasmacytoid dendritic cells and TLR8 also being expressed in mast cells

TLR7 Found in endosomes of monocytes, macrophages and plasmacytoid dendritic cells

TLR9 Expressed in endosomes of monocytes, macrophages and plasmacytoid dendritic cells

TLR4 and TLR9Expressed predominately on monocytes, mature macrophages and dendritic cells

TLR4Expressed predominately on monocytes, mature macrophages and dendritic cells, mast cells and the intestinal epithelium.

TLR8Found in endosomes of monocytes, macrophages and mast cells

TLR9Expressed in endosomes of monocytes, macrophages and plasmacytoid dendritic cells

TLR agonistsTLRs regulate tissue homeostasis and can prime APCs to respond to foreign antigens

Deliver mycobacteria to tumor

Inhibit adenosine signalingAdenosine promotes differentiation of immunoinhibitory Tregs

Inhibit polyamide synthesis and uptakeThe presence of polyamines such as IDO, arginase, and adenosine promotes the presence of MDSC as well as Tregs

Inhibit CCR2 Promote differentiation of MDSC into mature, non-suppressive cells

Inhibit IL-8/IL-8RB (CXCR2) signalingParacrine signaling by tumor-derived IL-8 to CXCR1 and CXCR2 promotes the trafficking of neutrophils and MDSCs into the tumor microenvironment. IL-8 also has a role in the development of cancer stem cells.

Inhibit Bruton’s tyrosine kinase (BTK)Targeting BTK inhibits MDSC migration into tissues and expression of suppressive factors such as nitric oxide (NO) as well as Tregs

Inhibit Janus kinase (JAK)Decrease inflammatory cytokines that recruit MDSCs

Target other components of the IDO/TDO pathwayUnknown target in IDO/TDO pathway

Alternatively spliced extradomain-B of fibronectin

Adenovirus expressing IFNα2b

Kynurenine

TGFβ pathway inhibition with mAb against latency associated peptides

TGFβ2 antisense

TGFβ- and VEGF-targeting bifunctional fusion protein

Anti-GARP mAb - inhibitor of TGFβ release

Genetically modified non-replicating virus to the tumor

Long-acting Less frequent injections

Not targeted with a mAbLimited to use in isolated limb perfusion

Targeted with a mAb

Short-acting more frequent injections

Block IL-35Tregs secrete IL-35, which promotes Treg proliferation

Decrease adenosine production via the ectonucleotidases CD39 and CD73

CD73 antagonist

CXCR2

JAK1/2

Second-generation BTK inhibitorPotential for better safety profile (lower infection risk, bleeding risk, and GI tox) due to improved specificity

First-generation BTK inhibitor • Selectivity problems associated with: • BTK: infection risk | EGFR: GI tox, and rash | JAK3: bleeding

CD39 antagonist

IL-8

CXCR2 and IL-8

JAK1

Attenuated bacillus Calmette-Guerin/BCG

Anti-CD206 mAb conjugated to a cytotoxic payload

Undisclosed mechanismHypothesized synergy with PD1

Provide S. cerevisiae polysaccharide

STING agonists• Induces IFN-β production which primes T cells • Drives abscopal response in preclinical studies

RIG-I agonist• Expressed ubiquitously • Induces IFN-β production which primes T cells

Formulated CD40L

Class has proven survival benefit

Celgene/Jounce Therapeutics (JTX-2011) •/••GSK (GSK3359609)

INSERM

MSKCC

Bristol-Myers Squibb

Principia Biopharma

Takeda

Bristol-Myers Squibb

Novartis

GSK

Sanofi

Ablynx/Merck

Compugen/Bayer

F-star/AbbVie

Morphosys/Merck KGaA

Sutro Biopharma/Celgene

Symphogen/Baxalta

Arcus Biosciences

Alpine Immune Sciences

Compass Therapeutics

Harpoon Therapeutics

ImmuneXcite

Kymab

OncoResponse

Trellis Bioscience

Zymeworks

Applied Immune Technologies

Pelican Therapeutics (PTX-25A)

IV Pfizer (PF-04518600) + IV Pfizer/Merck KGaA (Avelumab) • STRoche (IV RG7888 + IV Tecentriq/atezolizumab) • ST

IV Roche (RG7888) • STIV AstraZeneca (MEDI0562 + durvalumab) • ST

IV AstraZeneca (MEDI0562) • STIV GSK (GSK3174998) + IV Merck (Keytruda/pembrolizumab) • ST

IV GSK (GSK3174998) • ST IV Bristol-Myers Squibb (BMS-986178 + Opdivo/nivolumab) • ST

IV Bristol-Myers Squibb (BMS-986178) •/•• ST•• PC

IV AstraZeneca (MEDI6469) • BCAlligator Bioscience (ADC-1015) Agenus/Incyte (INCAGN01949)

Apogenix GmbH

Apogenix GmbH (ox-40 agonist) IV AstraZeneca (MEDI6383) • ST DIS-

CONTINUED

•• CLLIV Bristol-Myers Squibb (Urelumab) •• NHLIV Pfizer (PF05082566/utomilumab) + IV Pfizer/Merck KGaA (Avelumab) • STIV Pfizer (PF05082566/utomilumab)

+ IV Merck (Keytruda/pembrolizumab) • ST

• STIV Pfizer (PF05082566/utomilumab) • NHL

Bristol-Myers Squibb (IV Urelumab + IV Opdivo/nivolumab) • STApogenix GmbH (4-1bb agonist)

Bioinvent International Multimeric Biotherapeutics

Bristol-Myers Squibb (IV BMS-986156 + IV Opdivo/nivolumab) •/•• SHTNovartis (IV GWN323 + IV PDR001) •/•• SHT

IV Incyte/Agenus (INCAGN1876) •/•• STMerck (IV MK-1248+ IV Keytruda/pembrolizumab) • ST

IV Leap Therapeutics (TRX-518) • MELIV Merck (MK-4166) • ST

IV AstraZeneca (MEDI1873) • STIV Amgen (AMG 228) • ST

Fortress Bio/TG Therapeutics (anti-GITR) Regeneron/Sanofi (anti-GITR)

Merck (mDTA-1) IV Five Prime Therapeutics (FPA154)

IV OncoMed Pharmaceuticals (GITRL-Fc)

PF-04518600+Avelumab: 1Q18

OX40/CD134 agonists• OX40 is expressed on T cells, NK T cells, neutrophils and and NK cells; T cell expression is transient after

TCR ligation.• Most potent at stimulating CD4+ helper T cell response.

• Promotes T cell memory response

IMP321: MY19

Provide anti-MHCII-LAG3-IgG1 fusion proteinPromotes APC activation by binding to MHCII

Multikine: YE17

Multikine mixtureProprietary mix of 19 cytokines, chemokines and other immune system molecules (no antigens, not a vaccine).

Inton-A

Interferon-α (IFNα)• Enhances T-cell and DC response via a poorly-characterized MoA

• Associated with dose-limiting AEs, including influenza-like symptoms (fatigue, fever, headache and muscle aches), nausea, dizziness, anorexia, depression and leukopenia

Beromun

TNFαToxic to tumor neovasculature and activates the endothelium; highly toxic if used systemically

ADC-1013:3Q17

Target CD40• Expressed on activated APCs and B cells • Promotes antigen-specific T cell response

emactuzumab+Tecentriq: 3Q18

Drive M2¨M1 macrophage differentiation

Target CD200/CD200RTumor expressed CD200 prevents macrophage activation

TTI-621: YE16

Target SIRPα/CD47CD47 on tumor cells bind to SIRPα on macrophages to prevent phagocytosis

TheraCys

Activate immune response with microbesmLikely activates the immune system through TLR stimulation among other pathways

ADU-S100: MY17

Target pattern recognition receptorsRecognize pathogen and damage-associated molecular patterns and activate a response

Utomilumab +Avelumab: YE17

4-1BB/CD137 agonist mAbs• 4-1BB is expressed on T cells and NK cells. • Promotes activation and proliferation of T cells

IV Celldex (varlilumab) + IV Bristol-Myers Squibb (Opdivo/nivolumab) • STIV Celldex (varlilumab) + IV Roche (Tecentriq/atezolizumab) •/•• RCC

IV Celldex (varlilumab) •/•• SHTApogenix GmbH (CD27 agonist)

Aduro BioTech (BION-1402)

ST •/•• Merck/cCAM Biotherapeutics (CM-24 + Keytruda/pembrolizumab) IV

ST •/•• Merck (CM-24) IV Agenus

MEL • Galectin Therapeutics (GR-MD-02) IV + Merck (Keytruda/pembrolizumab) IV

MEL • Galectin Therapeutics (GR-MD-02) IV

Roche

Alligator Biosciences (ADC-1015)

Anaeropharma Sciences (ADC-1015)

Hanmi Pharma (CTLA4/TNF-α targeting therapeutics)

ST • Aurigene/Curis (CA-170) PO

BC ••GBM • Ziopharm (Ad-RTS IL-12) IT

OC ••GBM Celsion (GEN-1) IP

HCC •RCC • Immunicum (COMBIGDC) IT

ST •CRC • GSK/AstraZeneca (AMP-224) IV/IV

DIS-CONTINUED MEL •• Bristol-Myers Squibb

(recombinant IL-21/denenicokin) SC/IVDIS-

CONTINUEDBristol-Myers Squibb (recombinant IL-21/denenicokin IV) + (Opdivo/nivolumab IV)

NSCLC ••/• Altor Bioscience (ALT-803) ISC/V + Bristol-Myers Squibb (Opdivo/nivolumab) IV

UBC ••/•NHL ••/•MEL ••/•MM ••/•

PDAC ••/•HT • Altor Bioscience (ALT-803) ISC/V

ST •/•• Armo Biosciences (AM0010/pegylated IL10) ID + Merck (Keytruda/pembrolizumab) IV

ST •/•• Armo Biosciences (AM0010/pegylated IL10) ID Merck (MK1966)

MEL M RCT:3Q20 UCC •••NSCLC M CRC •••

RCC M RCT:1Q19 PDAC ••HL M NHL ••

HNC M OC •/••RCT:2Q17 GBM ••• BC •RCT:3Q17 SCLC ••• PC •RCT:MY19 HCC ••• GASTRIC •RCT:3Q19 ESO ••• Bristol-Myers Squibb (Opdivo/nivolumab) IV

MEL M RCT:YE17 OC ••NSCLC M MCC ••

HNC M BT ••RCT:3Q20 UCC ••• SAR ••RCT:3Q17 BC ••• RCT:1Q18 NHL •/••RCT:1Q18 GASTRIC ••• RCT:2Q21 RCC •/••RCT:1Q18 HL ••• PC •/••RCT:3Q18 MM ••• CLL/SLL •/••RCT:MY18 ESO ••• SCLC •RCT:1Q19 HCC ••• MES •RCT:3Q19 CRC ••• AC •

DLBCL ••• Merck (Keytruda/pembrolizumab) IVSCC ••SHT • Regeneron/Sanofi (REGN2810) IV

ST •/•• Incyte/Jiangsu Hengrui Medicine (SHR-1210) ST • AstraZeneca (MEDI0680) IVST • Pfizer (PF-06801591) IVST • BeiGene (BGB-A317) IVST • Tesaro (TSR-042) IVST • Sorrento Therapeutics/Servier (STI-A1110)

MEL •• OncoSec (OMSI100) + Merck (Keytruda/pembrolizumab) IT/IV

MEL ••MCC ••HNC ••CTL ••BC • OncoSec (OMSI100) IT

NeoImmuneTech (NIT-02) IV

ST • Alkermes (ALKS 4230) IV

ST • Novartis (het IL-15) SC

RCT:YE16 PC •• NCI (CYT107) IV

ST •/•• Nektar (NKTR-214) IV

SMM •• University of Arkansas/Millenium IV

AML •/•• University of Texas M.D. Anderson Cancer Center IV

AML •/•• Fortress Bio (CNDO-109-activated allogeneic NK cells) IV

Nantkwest (haNK) IV

Innate Pharma (IPH4031)

AML • Glycostem Therapeutics (oNKord) IV Celgene Fate Therapeutics Ziopharm

MCC ••AML • Nantkwest (aNK/NK-92) IV

HNC •/••OC •/••

CLL •/•• Innate Pharma/AstraZeneca (IPH2201) IV

MDS •• Innate Pharma/Bristol-Myers Squibb (lirilumab IV+ Opdivo/nivolumab IV)ST •

RCT:2H16 AML ••MM ••

AML ••CLL •• Innate Pharma/Bristol-Myers Squibb (lirilumab) IV

ST • Roche (RO6874281) IV

ST • Roche (RO6895882) IV

DIS-CONTINUED Merck KGaA (Selectikine/EMD 521873) IV

MEL •• Philogen (Darleukin/L19-IL-2) IV

ST • NCI (rIL-15) I IV Oxis Biotech (OXS-3550) Armo (AM0015)

ST • Merck KGaA (NHS-IL12) SC

Kadmon (KD033)

MEL •• Lion Biotechnologies (LN-144) IV

NASO •• Dana Farber Cancer Institute (Biological: Epstein-Barr Virus Specific Immunotherapy) IV

EBV CTL •• Cell Medica (CMD003) IV

NHL •/•• Alopexx (DI-Leu16-IL2) IV

MCC ••AML • Philogen (Teleukin/F16-IL2) IV

RCC MMEL •• Nestle Health Science (Proleukin/aldesleukin) IV

MEL •/••UCC •/••MM •/•• Altor Bioscience (ALT-801) IV

Company (Drug) Inidication2016 2017 2018 2019 2020

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Activ

ate

T ce

ll re

spon

se

T ce

ll

grow

th fa

ctor

s

IL-2 Nektar (NKTR-214) ST

IL-15 Altor (ALT-803) + Bristol-Myers Squibb (Opdivo/nivolumab) NSCLC

IL-7 NCI (CYT107) PC

IL-12 OncoSec OMSI100 MEL

IL-10 Armo (AM0010/pegylated IL10) ST

Inhi

bitio

n of

T c

ell i

mm

une

evas

ion

PD1

Bristol-Myers Squibb (Opdivo/nivolumab)

GBM

HCC

SCLC

EC

UCC

Merck (Keytruda/pembrolizumab)

UCC

BC

HL

EC

MM

HCC

Gastric

CRC

RCC

PDL1

Roche (Tecentriq/atezolizumab)

SCLC

CRC

RCC

BC

AstraZeneca (durvalumab/MEDI-4736)

NSCLC

HNC

UCC

HCC

BC

Pfizer/Merck KGaA (Avelumab)

NSCLC

Gastric

OC

RCC

UCC

MCC

CTLA4Bristol-Myers Squibb (Yervoy/ipilimumab) MCC

AstraZeneca (tremelimumab) OC

PD1 + CTLA4

Bristol-Myers Squibb (Opdivo/nivolumab + Yervoy/ipilimumab)

GBM

NSCLC

SCLC

RCC

HNC

Merck (Keytruda/pembrolizumab) + Bristol-Myers Squibb (Yervoy/ipilimumab) MEL

PDL1 + CTLA4

AstraZeneca (durvalumab/MEDI-4736+ tremelimumab)

HNC

UCC

NSCLC

HCC

GEJ

LAG3 Bristol-Myers Squibb (BMS-986016 +Opdivo/nivolumab) ST

B7-H3 MacroGenics (Enoblituzumab/MGA271) + Merck (Keytruda/pembrolizumab) ST

TIM3 Novartis (MBG453 +PDR001) ST

VISTA ImmuNext/Janssen (JNJ-61610588) ST

CEACAM1 Merck (CM-24) ST

Galectin-3 Galectin (GR-MD-02) + Merck (Keytruda/pembrolizumab) MEL

T ce

ll co

stim

ulat

ory

fact

ors

OX40 Pfizer (PF-04518600) + Pfizer/Merck KGaA (Avelumab) ST

4-1bb Pfizer (utomilumab/PF05082566;IV) + Pfizer/Merck KGaA (Avelumab) ST

GITR Bristol-Myers Squibb (BMS-986156 + Opdivo/nivolumab) ST

CD27 Celldex (varlilumab) + Roche (Tecentriq/atezolizumab) ST

Targ

et

NK

cells Disinhibit NK cells Innate Pharma/Bristol-Myers Squibb

(lirilumab + Opdivo/nivolumab) ST

Activate NK cells Nantkwest (aNK/NK-92) AML

Rev

erse

sup

pres

sive

m

icro

envi

ronm

ent

Broadly acting cytokines CEL-SCI (Multikine) HNC

TGFβ inhibitors Eli Lily (galunisertib/LY2157299) ST

iDO inhibitors Incyte (epacadostat/INCB24360) + Merck (Keytruda/pembrolizumab) MEL

Target MDSCs Acerta (acalabrutinib/ACP196) + Merck (Keytruda/pembrolizumab)

PDAC

UCC

Target T-regs Corvus (CPI-444) + Roche (Tecentriq/atezolizumab) ST

Targ

et A

PCs

Dis

inhi

bit

SIRPα/CD47 Trillium Therapeutics (TTI-621) HM

Target M2 macrophages

Roche (emactuzumab/RG-7155 + Tecentriq/Atezolizumab) ST

Activ

ate

Pattern Recognition Receptors

Novartis/Aduro (ADU-S100) ST

CD40 Roche (RG7876+Tecentriq/atezolizumab) ST

MHC-II Prima Biomed (IMP321) ST

NCT02009449 1Q17 1/2

NCT02523469 YE18 1/2 MY17 1/2

NCT01881867 1Q17 2

NCT02017717 2Q17 3

NCT02256436 2Q17 3

NCT02352948 2Q17 P

NCT02555657 MY17 3

NCT02516241 3Q17 3NCT02551159 3Q17 3

NCT02395172 3Q17 3

NCT02551159 3Q17 3NCT02516241 3Q17 3NCT02352948 YE17 3

NCT02625623 3Q17 3

NCT02519348 3Q17 2

NCT02155647 3Q17 2NCT02196961 MY17 2

NCT02017717 2Q17 3

NCT02506153 YE17 3

NCT02576509 3Q17 3NCT02538666 2Q18 3

NCT02684292 1Q18 3

NCT02580058 1Q18 3

NCT02477826 1Q18 3

NCT02519348 1Q18 2

NCT02538666 2Q18 3

NCT02564263 MY18 3

NCT02684006 MY18 3

NCT02725489 MY18 2

NCT02576977 3Q18 3NCT02702401 1Q19 3

NCT02743494 3Q19 3

NCT02494583 3Q19 3NCT02563002 3Q19 3

NCT02603432 3Q19 3

NCT02231749 3Q19 3NCT02741570 1Q20 3

NCT02763579 MY19 3NCT02788279 2Q19 3

NCT02632409 3Q20 3

NCT02420821 3Q20 3NCT02425891 3Q20 3

NCT02811861 4Q20 1

NCT01502293 MY18 2

NCT02485990 3Q19 1/2

NCT02340975 4Q17 1/2NCT01968109 2Q18 1

NCT02671955 2Q18 1

NCT02575404 1Q18 1NCT02554812 1Q18 1NCT02179918 1Q17 1

NCT00900809 YE16 1

NCT02663518 YE17 1

NCT02675439 MY17 1NCT02304393 YE17 1

NCT01265849 YE17 3

NCT02346955 2Q19 1

NCT02475213 3Q18 1

NCT01592370 YE17 2

NCT02760797 3Q18 1

NCT02608268 MY18 1

NCT02304419 MY18 2NCT02752074 MY18 3NCT02362048 MY17 2NCT02351739 MY17 2

NCT02614833 MY19 2

NCT02598960 MY18 1

NCT02655822 3Q17 1/2

NCT02543645 YE17 1/2

Phase 3 RCT data3Phase 2 RCT data2Phase 2 data2Phase 1/2 RCT data1/2Phase 1/2 data1/2Phase 1 data1PoC

PDUFAP

io: milestones

Cancer AbbreviationsHematological Tumors Solid TumorsALL Acute Lymphoblastic Leukemia AC Anal Cancer

AML Acute Myeloid Leukemia BCC Basal Cell Carcinoma

ASM Aggressive Systematic Mastocytosis BC Breast Cancer

CEL Chronic Eosinophillic Leukemia BT Biliary Tract

CLL Chronic Lymphocytic Leukemia CC Cervical Cancer

CML Chronic Myeloid Leukemia CIN Cervical Intraepithelial Neoplasia

CTCL Cutaneous T-Cell Lymphoma CHOR Chordoma

DLBCL Diffuse Large B Cell Lymphoma CRC Colorectal Cancer

FL Follicular Lymphoma DFSP Dermatofibrosarcomic Protuberans

HES Hypereosinophillic Syndrome EC Esophageal Cancer

HCL Hairy Cell Leukemia FTC Fallopian Tube Cancer

HL Hodgkin Lymphoma GEJ Gastric or Gastro Esophageal Junction Cancer

MCL Mantle Cell Leukemia GIST Gastrointestinal Stromal Tumor

MLL-r Rearranged Mixed Lineage Leukemia GASTRIC Gastric Cancer

MM Multiple Myeloma GLI Glioma

MDS Myelodysplastic Syndrome HNC Head and Neck Cancer

NMC NUT-Midline Carcinoma HCC Hepatocellular Carcinoma

WM Waldenstrom Macroglobulinemia HPV Human Papilloma Virus associated Cancers

NMC NUT-Midline Carcinoma LC Lung Cancer

WM Waldenstrom Macroglobulinemia MA Malignant Ascites

iNHL Indolent Non-Hodgkin’s Lymphoma MEL Melanoma

NHL Non-Hodgkin Lymphoma MCC Merkel Cell Carcinoma

NMC NUT-Midline Carcinoma MES Mesothelioma

WM Waldenstrom Macroglobulinemia MTC Medullary Thyroid Carcinoma

iNHL Indolent Non-Hodgkin’s Lymphoma NASO Nasopharyngeal

Clinical stage codes Preclinical/Discovery OTC Over-the-Counter

• Phase 1 NDA New Drug Application

•• Phase 2 BLA Biologics License Application

••• Phase 3 MAA Marketing Authorization Application (Europe's NDA)

M Marketed D Dormant/discontinued

G Generic Ñ Failed

RCT Randomized Controlled Trial CP Compounding Pharmacy

IST Investigator-Sponsored Trial PD(L)1

PDUFA PDUFA POC: Unknown

ANDA Abbreviated New Drug Application POC: Validated

OL Off-label POC: Failed

Routes of deliveryIV Intravenous IB Intravesical/Intrabladder

ID Intradermal IC Intracerebral

IM Intramuscular EC Epicutaneous

SC Subcutaneous IN Intranasal

PO Oral DosageIVT Intravitreal QD Once a day

Intrathercal Intrathecal BID Twice a day

IT Intratumoral TID Three times a day

TD Transdermal QW Once a week

IPL Intrapleural Q2W Once every 2 weeks

IP Intraperitoneal QM Once a month

Provide T-cell growth factors

Inhibit T-cell immune evasion pathwaysImmune signals are weakened as a result of immune cell exhaustion or immunosuppressive elements of the tumor microenvironment; can be optimized to clear regulatory T cells via ADCC

Class has confirmed overall survival benefit and has induced long-term cures

Anti-NKG2A mAbsNKG2A is an inhibitory receptor on NK cells and some CD8+ T cells that binds overexpressed HLA-E on tumor cells.

Anti-MICA/MICB mAbsMICA/B overexpression on tumor cells disrupts costimulatory signaling through NKG2D on NK cells and some T cells.

Not antigen-specific

See ‘T-cell Growth Factors’

Off-the-shelf human NK cell line

Irradiated cell line

Can be manufactured at central facility

Must be manufactured in-house

High-affinity binding to antibodies Added synergy with mAbs such as Rituxin or Herceptin

Ex vivo IL-21-activated allogeneic NK cells

No added specificity

Ex vivo-expanded autologous NK cells

Patient-specific manufacturing

See Immuno-Oncology: CAR-T

NK-cell growth factors

Antigen-specific

Signals through IL-2RγShares part of signaling pathway with validated IL-2

Does not signal through IL-2R

Eliminate capillary leak syndrome, more convenient dosing

Shielded from activating T cells in peripheral blood

Selective for effector T cells over regulatory T cells

Reduced IL-2Rα bindingAllows for receptor recycling

PEGylation enhances tumor targeting

Antibody targeting to tumorLocalization may still be driven by IL-2 binding

Broad range Antigen target is expressed in wide range of tumor types

Broad range Antigen target is expressed in wide range of tumor types

Anti-DNA antibody

Anti-fibroblast activation protein (FAP) antibody fusion

Anti-carcinoembryonic antigen (CEA) antibody fusion

Electroporation delivery

Blocking PDL2-Fc fusion protein

Oral PDL1/PDL2/VISTA-targeted

Non-replicating adenovirusIL-12 production activated by oral veledimex

PEG-polyethylenimine-cholesterol lipopolymer carrier

Allogenic dendritic cells that release cytokines

Recombinant protein

Anti-CD20 antibody

p53-specific single chain TCR

Targeted with PDL1 mAb

Nektar (NKTR-255) PEGylation enhances half life

Recombinant protein

ECM glycoprotein tenascin-C

Alternatively spliced extra-domain B (EDB) of fibronectin

Narrow range Antigen target is expressed in subset of tumor types

Narrow range Antigen target is expressed in subset of tumor types

Genetically-engineered vector

No genetic engineering

PD1

PDL1

Reduced IL-2Rα bindingAllows for receptor recycling

IL-2 fused to targeting molecule

Selective for effector T cells over regulatory T cells

Not selective for effector T cells

Not shielded from activating T cells in peripheral blood

Associated with capillary leak syndrome, must be dosed in specialized setting

Tumors are surgically removed, tumor infiltrating leukocytes are isolated and expanded in a central facility, and re-infused into patients

Pre-existing Epstein-Barr virus-specific T cells are expanded ex vivo from peripheral blood

Peripheral PBMCs are infected with EBV and subsequently irradiated to develop autologous EBV-specific T cells

Class has unknown overall survival benefit

Class has known overall survival benefit

Class has unknown survival benefit

Disinhibit APCs

Amplify existing APC response

Educate Dendritic CellsCancer vaccines target immune response against tumor epitopes

Provide broadly-acting cytokinesPoorly-defined MOA

Unspecified targets within the tumor microenvironment

Re-direct T-cell targeting via genetic engineering

Induce CTL response by promoting differentiation of Th1-dominant helper T cells

Undisclosed platform

Unpartnered

Class has known survival benefit

Unknown survival benefit

FAILED

IL-21• Activates T cells, particularly along the Th17 and Treg

axis by binding IL-21R, which complexes with the γ subunit of IL-2R

• Can induce proliferation and activation of CD8 cells, but along a less-activated pathway than IL-2, IL-15, or IL-7

• Promotes antigen-specific responses and differentiation into plasma cells in B cells

• Has failed as monotherapy

Proleukin

IL-2• Canonical T cell growth factor• Induces activation and proliferation of NK cells, B

cells and monocytes

LN-144

Ex vivo T cell growth factorsRequires complicated patient specific manufacturing

CYT107: 1Q17

IL-7• Augments antigen-specific T cell responses, selectively expanding CTL over Tregs• Promotes differentiation of B cells

• Maintains a stable pool of naive and memory T cells• Signals through the IL-7R complexed with the γ subunit of the IL-2R

ALT-803+Opdivo: YE18

Signals through IL-2Rγ and IL-2Rβ with no α subunit targetingUnknown phenotype, likely similar to IL-2 and IL-15

Unknown target

Anti-TIGIT mAbs• TIGIT is expressed on exhausted NK and T cells. • Inhibiting TIGIT enhances activation of NK cells and T cells

JNJ-61610588:2Q18

Anti-VISTA mAb• VISTA is expressed on MDSC and Tregs. • Inhibiting VISTA increases proliferation and activation of T cells.

CM-24:2Q19

Anti-CEACAM1 mAbs• Expression of CEACAM1 on tumors cells can inhibit CTL and NK cells. • CEACAM1 is associated with poor prognosis.

GR-MD-02+Keytruda: 1Q18

Anti-Galectin-3 mAbs• Soluble Galectin-3 is over-produced by tumor cells. • Inhibiting Galectin-3 signaling enhances clonal expansion of T cells and prevents anergy.

rIL-15:YE16

IL-15• Canonical NK cell growth factor• Induces activation and promotion of T cells, which are then biased towards a memory phenotype

• The receptor IL-15Rα can be presented in trans on an APC or in cis on an NK or T cell• IL-15Rα complexes with the β and γ chain of IL-2R to signal

OMSI100: MY18

IL-12• Enhances antigen specific response• Produced mainly by phagocytic cells in response to antigenic

stimulation

• Activates and induces proliferation of CD8+ T cells and NK cells.• Promotes CD4+ T cell differentiation into Th1

AM0010: YE16

IL-10• Usually thought to be immunosuppressive• Induces Treg differentiation and inhibits macrophages and dendritic cells but can activate in some cases by inducing T cell activation, clonal response, and tumor infiltration

Keytruda

PD1 and PDL1/2-targeted agents• PD1 is expressed on T cells while its ligands, PDL1/2 are expressed on tumor cells.• Blocking this interaction enhances T cell activation and proliferation.

• Targeting the PD1/PDL1 axis has higher safety and efficacy than targeting CTLA4.

aNK:YE16

Provide NK cells

lirilumab+pembrolizumab 3Q18

Disinhibit NK cells

rIL-15Has a short half-life and dosing issues

Fc fusionLonger acting and better manufacturing yield

Superagonist of IL-15 bound to IL-15Rα-Fc fusionIncreased serum half-life

Fusion protein of IL-2 and IL-2Rα

IL-15/IL-15Rα fusion

Monospecific mAb

UCC M MEL •NSCLC M OC •

RCT:2H16 RCC ••• MM •RCT:YE16 BC ••• NHL •RCT:2Q19 CRC ••• MDS •RCT:MY19 SAR •• AML •

DLBCL •/•• Roche (Tecentriq/atezolizumab) IV PDUFA:2Q17 NSCLC ••• RCT:4Q17 GASTRIC •/••RCT:3Q17 HNC ••• CC •/••RCT:3Q17 UCC ••• MM •/••RCT:3Q17 HCC •• OC •/••RCT:MY18 BC •• NHL •/••RCT:3Q18 MDS •• DLBCL •/••

PDAC •• AstraZeneca (MEDI-4736/durvalumab) IV RCT:3Q17 NSCLC •••RCT:3Q17 GASTRIC ••• MCC ••RCT:1Q18 OC ••• HNC •RCT:MY18 RCC ••• MES •RCT:3Q19 UCC ••• Pfizer/Merck KGaA (avelumab) IV

ST •• Novartis (PDR001) IVST • Bristol-Myers Squibb (BMS-936559l) IV

North Coast Biologics Antitope Tizona Therapeutics JHL Biotech/HumOrigin Biotechnology Corp. (JHL-1155) Aduro Biotech (BION-007) Alligator Bioscience (ADC-1015) Premier Biomedical

ST • Bristol-Myers Squibb (BMS-986016 IV + Opdivo/nivolumab IV)

ST • Bristol-Myers Squibb (BMS-986016) IVST • Novartis (IMP701 + PDR001) IVST • GSK (GSK2831781) IV

Tesaro (LAG-3 antibody) Agenus/Incyte (LAG-3 checkpoint modulator) MacroGenics (MGD013)

ST • Novartis (MBG453 +PDR001) IV Tesaro (TSR-022) Agenus (TIM3 antibody) Cellerent (TIM3 antibody) Merus (MCLA-134) Enumeral (TIM3 program)

ST • MacroGenics (Enoblituzumab/MGA271) IV + Merck (Keytruda/pembrolizumab) IV

ST • MacroGenics (Enoblituzumab/MGA271) IVBRAIN • Y-mAbs Therapeutics (8H9 Mab) IV

ST • Daiichi Sankyo (DS-5573a) IV

ST • ImmuNext/Janssen (JNJ-61610588) IV

Bristol-Myers Squibb/CytomX Therapeutics (probody drug conjugates)

BioAtla (CAB-CTLA4)

MEL M RCT:1Q20 HNC •••RCT:2Q17 GBM ••• CRC •/••RCT:1Q18 NSCLC ••• Bristol-Myers Squibb

(Yervoy/ipilimumab+Opdivo/nivolumab) IV RCT:3Q19 RCC •••MEL M DIS-

CONTINUED SCLCRCT:MY17 MCC •• DIS-

CONTINUED NSCLCOC •• DIS-

CONTINUED PCBC • DIS-

CONTINUED GASTICPDAC • Bristol-Myers Squibb (Yervoy/ipilimumab) IV

RCT:2Q17 MEL M Bristol-Myers Squibb (Yervoy/ipilimumab) IV + Merck (Keytruda/pembrolizumab) IV

ST • Bristol-Myers Squibb (Yervoy/ipilimumab) IV + Roche (Tecentriq/atezolizumab) IV

RCT:YE17 NSCLC •••RCT:3Q17 HNC ••• ST ••RCT:3Q17 UCC ••• RCT:4Q17 GEJ •/••RCT:YE17 HCC •• AstraZeneca (tremelimumab+durvalumab) IVRCT:3Q19 OC •/••

DIS-CONTINUED MES AstraZeneca (tremelimumab) IV

ST • Agenus (AGEN2041) IV

IgG1 mAb Induces ADCC

Bacteria that produce single-chain fragment antibodies in hypoxic sites

Monospecific mAb

Conditionally-active mAb

IgG2 mAb Induces less ADCC than IgG1; potentially reduces cytokine release syndrome AE

Yervoy

CTLA4-targeted agents• CTLA4 competes with CD28 in the lymph node to suppress T-cell activation.• Blocking CTLA4 preferentially promotes activation of T cells in the lymph node relative to the tumor

site.

• CTLA4 is expressed on Tregs; IgG1 mAb promotes Treg clearance.• Lower efficacy and safety than targeting PD1/PD-L1

Preclinical programs

Bispecific antibodyCTLA4xOX40

CTLA4xTNFα

BMS-986016+Opdivo: 2Q18

Anti-LAG3 mAbs• LAG3 functions as a negative regulator for T cell responses to MHC class II-presented antigens.• Blocks Treg cell-mediated immunosuppression

• Along with PD1, LAG3 is expressed on exhausted T cells

BMS986156+Opdivo: MY18

GITR/TNFRSF18 agonist mAbsGITR is expressed on T cells, B cells, NK cells, and dendritic cells.

• Enhances effector T cell proliferation and blocks Treg cell-mediated immunosuppression • GITR is constitutively expressed on Tregs

TNFRSF25/DR3 fusion protein• Present on T cells, especially memory T cells. • The TNFRSF25 ligand TL1A is expressed on APCs.

galunisertib: MY18

Inhibit TGFβ pathway• Enhances tumor growth, promotes formation of tumor stroma, and increases metastatic potential

• TGFβ acts as a tumor growth suppressor during early tumorigenesis.

• Suppresses Treg activity

epacadostat+pembrolizumab: MY18

Inhibit IDO) and/or TDOIDO and TDO deplete tryptophan. Low tryptophan levels promote Treg differentiation and suppress DC function, which dampen the immune response.

acalabrutinib+Keytruda: MY17

Target myeloid-derived suppressor cells (MDSCs)MDSCs are immature myeloid cells that maintain the immunosuppressive tumor microenvironment via the production of arginase, IDO, ROS and suppressive cytokines.

CPI-444: MY18

Target immunosuppressive function of Tregs

ICOS agonist mAbs• Expressed on activated T cell • The ICOS ligand is expressed on B cells, APCs and some tumor cells.

Enoblituzumab+Keytruda: 3Q18

Anti-B7-H3 mAbsB7-H3 shows some homology to PDL1 and is expressed on inhibitory cells.

MBG453+PDR001:MY18

Anti-TIM3 mAbs• TIM3 is expressed on T cells, NK T cells, and APCs, and is co-expressed with PD1 on exhausted T

cells.• TIM3 may block enhanced signaling via GAL9.

varlilumab+Tecentriq: YE17

CD27 agonist mAbsCD27 is expressed on most effector T cells, some NK cells and some B cells

• Drives germinal center formation via CD4+ T cells • The CD27 ligand CD70 is present on activated T and B cells, dendritic cells and macrophages.

TL1A-Ig fusion

Selectively inhibit ITK

Unknown selectivity for ITK Higher potential for off-target AEs

Antibody/antibody-like discovery programs (undisclosed targets)Partnered

Antibody/antibody-like discovery programs (undisclosed targets)

Inhibit ITK• Promotes Th1 differentiation; enhances activation and tumor uptake by APCs

• May inhibit NK cells

Local administration

Systemic administration

Preclinical IO platforms

Drive M2 macrophages to apoptosis

Inhibit colony-stimulating factor 1 receptor (CSF1R) inhibitorM2 macrophages depend on CSF1R signaling for survival

SIRPα-Fc fusion protein• Decoy receptor that blocks CD47 signaling • Lower affinity for RBCs; could have less severe hematological toxicity

Anti-CD47 mAbHigher affinity for RBCs; could have more severe hematological toxicity Bispecific (CD47xCD19) antibody

CD19 expressed on B cells

High-affinity soluble SIRPα monomers

Tyrosine kinase inhibitor• Dosed orally

• Associated with off-target effects including inhibiting the oncogene c-KIT

Inhibit phosphoinositide 3-kinase γ (PI3Kγ)Blocks macrophage differentiation and myeloid cell migration

Target phosphatidylserineDrives differentiation of M2 macrophages and production of immunoinhibitory cytokines

Inhibit RON• Expressed on myeloid cells

• Tumors secrete RON’s ligand, macrophage stimulating protein (MSP)

• Decreases production of IL-12, IFNγ and TNF, and increases IL-10

• Promotes M2 phenotype

mAbs• Dosed IV • More specific for CSF1R

Monospecific antibody

Antagonize adenosine A2A receptor• Elevated cAMP blunts TCR-mediated cytotoxicity • Inhibits effector T cells • Expands Treg cells • Enhances NK cell cytotoxicity

Dual IDO/TDO

TDO• Upregulated in hepatocytes and in the brain • Potential for on-target toxicity

IFNα2b

IFNα2a

IDOExpressed by tumor cells and APC

Anti-TGFβ mAb

TGFβ kinase inhibitor

Derived from stem cells

Anti-KIR mAbsKIR is an inhibitory receptor on NK cells that binds HLA-C on tumor cells

Activate T-Cell Response

Activate Antigen Presenting Cell (APC) Response

Non-epitope-specific activation

Reverse the Suppressive

Microenvironment

Activate NK Cells

Signal Dendritic Cell CTL

Stimulatory Signal

CD40 CD40L

TL1A TNFRSF25

GITR ligand GITR

4-1BB ligand 4-1BB

OX40 ligand OX40

CD70 CD27

HHLA2 TMIGD2

ICOS ligand ICOS

CD86CD28

CD80

Signal 1 MHC class II TCR

Inhibitory Signal

LAG3

CD86 CTLA4

CD80 PDL1

PDL1 PD1

PDL2 CD80

VISTA ?

BTNL2 ?

B7-H4 ?

B7-H4 ?

Butyrophilin famliy ?

CD48 CD244

CD155 TIGIT

Galectin 9TIM3

Phosphatidylserine

BTLA

HVEM CD160

Stimulatory Signal Siglec Family LIGHT

Regulatory T Cell PD1 CD27

CTLA4 Neurophil

TNFRSF25 VEGF

GITR LAG3

4-1BB ICOS

OX40 CD25

Keytruda/anti-PD1$1.40B (23%)

Opdivo/anti-PD1$3.77B (61%)

Yervoy/anti-CTLA4$1.05B (17%)

Potential CancerImmunotherapy Market

$60BThe Checkpoint

InhibitorMarket in 2016:

The CheckpointInhibitor

Market in 2020$25.2B

2016 2020

Keytruda/anti-PD1$5.5B (22%)

Opdivo/anti-PD1$11.9B (47%)

Yervoy/anti-CTLA4$2.0B (8%)

Tecentriq/anti-PDL1$2.8B (11%)

Durvalumab/anti-PDL1$1.0B (4%)

Other$2.0B (8%)

$6.2B

CRCPDAC MSI CRC MSIUCCT cell Lymphoma

Frequency of Neoantigens

Number ofPatients

Indication

Low Medium/Unknown High

MELNSCLCGASTRICESOSCLCMCCMESHCCHNCRCCBCLBCPDACOCPCGBM

Ove

rall

Res

pons

e R

ate

(%)

10

20

30

40

50

60

70

80

90

100

101

138§596675226 99 9278 23644117192

24011¥

82193114 4 13252342 17 5559 278

21025 1685475151715

Pfizer/Merck KGaA (avelumab)AstraZeneca (durvalumab/MEDI-4736)Roche (Tecentriq/atezolizumab)

Merck (Keytruda/pembrolizumab)Bristol-Myers Squibb (Opdivo/nivolumab)

PD1:

PDL1:

¥ In combination with pazopanib | § not frontline

Bristol-Myers Squibb (BMS-936559)

Signal NK Cell Tumor CellsSiglec family Sialyated glycan

Inhibitory Signal

KIR MHC Class I

CD155CD96

TIGIT

Stimulatory Signal

MICA familyNKGR2

RAET1/ULBP family

Provide T-cell costimulatory factors• Provide the ‘second signal’ after TCR engagement to induce

proliferation of existing antigen-specific T cells• Can be optimized to clear Tregs via ADCC

00

Patie

nts

Surv

ivin

g (%

)

Months:

Hazard Ratio: 0.52 (99.79% CI, 0.26 to 0.55) P<0.001

Robert, C., Long, G.V., Brady, B., Dutriaux, C., Maio, M., Mortier, L. et al, Nivolumab in previously untreated melanoma without BRAF mutation. N Engl J Med. 2015;372:320–330.

Nivolumab (N=210)Dacarbazine (N=208)

NivolumabDacarbazine

50/210

96/208

not reached

10.8 (9.3-12.1)

210208

185177

150123

10582

4522

83

00

3 96 12 15 18Patients

who DiedMedian Survival

(95% CI)

60

10

20

30

40

50

60

70

80

90

100

overall survival

00

Ove

rall

Surv

ival

(%)

Months:

Hazard Ratio: 0.37 (95% CI, 0.26-00.55) P<0.001

Chapman, P.B., Hauschild, A., Robert, C., Haanen, J.B., Ascierto, P., Larkin, J. et al, Improved survival with vemurafenib in melanoma with BRAF V600E mutation. N Engl J Med. 2011;364:2507–2516.

Vemurafenib (N=336)Dacarbazine (N=336)

DacarbazineVemurafenib

336336

283320

192266

137210

98162

64111

3980

2035

914

16

11

00

00

1 2 3 94 5 6 7 8 10 11 12

10

20

30

40

50

60

70

80

90

100

overall survival

efficacy

Immuno-Oncology Abbreviations4-1BB/CD137 TNF receptor superfamily member 9 LTA lymphotoxin-α

BTLA B and T lymphocyte attenuator MIC MHC class I polypeptide-related sequence

BTNL2 butyrophilin-like protein 2 MICA MHC class I polypeptide-related sequence A

BTK Bruton’s tyrosine kinase MICA/MICB MHC class I polypeptide-related sequence A/B

CEACAM1 Carcinoembryonic antigen-related cell adhesion molecule 1 NK Natural killler

CSF1R colony-stimulating factor 1r NKG2A Killer cell lectin-like receptor subfamily C member 1

CTLA4 Cytotoxic T lymphocyte associated protein 4 OX40/CD134 Tumor necrosis factor (TNF) receptor superfamily member 4

CXCL12 chemokine (C-X-C motif) ligand 12 PBMC Peripheral blood mononuclear cell

CXCR4 C-X-C chemokine receptor type 4 PD1 Programmed cell death 1

FAET1/ULBP retinoic acid early transcripts 1/UL16-binding protein PDL1/2 PD1 ligand 1/2

GARP leucine-rich repeat containing 32 PVR poliovirus receptor

GITR/TNFRSF18 Glucocorticoid-induced TNF receptor-related protein RON Recepteur d’Origine Nantais

GM-CSF granulocyte–macrophage colony-stimulating factor SHT Solid and Hematological Tumors

HHLA2 HERV-H LTR-associating protein 2 Siglec sialic acid-binding immunoglobulin-type lectin

HT Hematological Tumors SIRPα signal-regulatory protein

HVEM herpes virus entry mediator ST Solid Tumors

ICOS Inducible T cell co-stimulator STING transmembrane protein 173

ICOSL inducible T cell co-stimulator ligand TGFβ transforming growth factor-β

IDO/TDO Indoleamine 2,3-dioxygenas / Tryptophan 2,3-dioxygenase TIGIT T cell immunoreceptor with Ig and ITIM domains

IFN Interferon TIM3 T cell immunoglobulin and mucin domain 3

IFNγ interferon-γ TL1A TNF-like ligand 1A

IgSF immunoglobulin superfamily TMIGD1/2 transmembrane and immunoglobulin domain-containing protein 1/2

ILT immunoglobulin-like transcript TNFR TNF receptor

ITK IL2-inducible T-cell kinase TNFRSF25/DR3 TNF receptor superfamily member 25

JAK Janus Kinase TNFα tumour necrosis factor-α.

KIR Killer cell immunoglobulin-like receptor VEGF vascular endothelial growth factor

LAG3 Lymphocyte-activation gene 3VISTA V-region immunoglobulin-containing suppressor of T cell activation

LIR leukocyte immunoglobulin-like

Monospecific mAbOUT OF D

ATE.

DO NOT

RELY U

PON.

OUT OF D

ATE.

DO NOT

RELY U

PON.