A WORLD WITHOUT INFECTIOUS DISEASE - Vir Biotechnology, Inc - VIR Bio Overview

 
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A WORLD WITHOUT INFECTIOUS DISEASE - Vir Biotechnology, Inc - VIR Bio Overview
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                                                                      A WORLD WITHOUT
                                                                      INFECTIOUS DISEASE

                                                                      Vir Biotechnology, Inc.
                                                                      39th Annual J.P. Morgan Healthcare Conference
                                                                      January 12, 2021

                                                                                                                                                                                            1
A WORLD WITHOUT INFECTIOUS DISEASE - Vir Biotechnology, Inc - VIR Bio Overview
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Forward-Looking Statements

Statements in this presentation that are not statements of historical fact are forward-looking statements. Such forward-looking statements include, without limitation, statements
regarding our research and clinical development plans, expected timing of commencement of clinical trials, our goals with respect to the prophylaxis or treatment of SARS-CoV-
2/COVID-19, HBV, influenza A, tuberculosis and HIV, our manufacturing and commercialization plans, our objectives, strategy, technology platform and clinical trial designs, the
potential benefits of our collaborations, regulatory matters, market size and opportunity and our ability to complete certain milestones. Words such as “believe,” “anticipate,” “plan,”
“expect,” “intend,” “will,” “may,” “goal,” “potential” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements necessarily
contain these identifying words. These forward-looking statements are based on the beliefs of the management of Vir Biotechnology, Inc. (the “Company”) as well as assumptions
made by and information currently available to the Company. Such statements reflect the current views of the Company with respect to future events and are subject to known and
unknown risks, including business, regulatory, economic and competitive risks, uncertainties, contingencies and assumptions about the Company, including, without limitation, risks
inherent in developing the Company’s products and technologies, future results from the Company’s ongoing and planned clinical trials such as unexpected data or clinical site
activation rates or clinical trial enrollment rates that are lower than expected, difficulties arising from our collaborations, challenges in accessing adequate manufacturing capacity, the
Company’s ability to obtain adequate financing to fund its planned clinical trials and other expenses, trends in the industry, changes in the competitive landscape, delays or
disruptions due to the COVID-19 pandemic, the legal and regulatory framework for the industry, unexpected litigation or disputes and future expenditures. In light of these risks and
uncertainties, the events or circumstances referred to in the forward-looking statements may not occur. The actual results may vary from the anticipated results and the variations may
be material. Other factors that may cause the Company’s actual results to differ from current expectations are discussed in the Company’s filings with the U.S. Securities and
Exchange Commission, including the section titled “Risk Factors” contained therein. These forward-looking statements should not be taken as forecasts or promises nor should they
be taken as implying any indication, assurance or guarantee that the assumptions on which such forward-looking statements have been made are correct or exhaustive or, in the case
of the assumptions, fully stated in this presentation. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this
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all forward-looking statements.

This presentation discusses product candidates that are under clinical study and which have not yet been approved for marketing by the U.S. Food and Drug Administration. No
representation is made as to the safety or effectiveness of these product candidates for the use for which such product candidates are being studied.

The trademarks included herein are the property of the owners thereof and are used for reference purposes only. Such use should not be construed as an endorsement of such
products.

                                                                                  © 2021 Vir Biotechnology, Inc.                                                                           2
A WORLD WITHOUT INFECTIOUS DISEASE - Vir Biotechnology, Inc - VIR Bio Overview
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                                                                 Taking on the most serious infectious diseases
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                                                                      Potential best-in-class             Strong                               Near-term
                                                                           technologies                  execution                            value drivers

                                                                                                      Multiple mid-                     COVID-19 Phase 3 data
                                                                           Dual-action
                                                                                                     and late-stage                      COMET-ICE, ACTIV-3
                                                                            antibodies
                                                                                                   clinical compounds
                                                                      Potential best-in-class                                              HBV Phase 2 data
                                                                                                    Differentiated                       VIR-2218 + PEG-IFN-⍺
                                                                         siRNA therapies
                                                                                                  COVID-19 antibodies
                                                                          Programmable                                                   Proof-of-biology data
                                                                                                   Leading program                    VIR-1111, VIR-7832, VIR-3434
                                                                          T cell vaccines
                                                                                                 for HBV functional cure
                                                                      Multi-pathogen targeted                                               Clinical starts
                                                                                                Flu A and HIV prevention                VIR-2218 + VIR-3434,
                                                                          small molecules
                                                                                                   breaking new ground                 VIR-2218 + Gilead assets,
                                                                                                                                               VIR-2482

                                                                                                     © 2021 Vir Biotechnology, Inc.                                                                                                 3
A WORLD WITHOUT INFECTIOUS DISEASE - Vir Biotechnology, Inc - VIR Bio Overview
2020: Delivering on multiple fronts

                              Identified potent, differentiated antibodies for COVID-19
 Rapid response to            Initiated two Phase 3 trials: early treatment and hospitalized patients
 COVID-19                     Established pan-coronavirus collaboration with GSK

                              Established POC for lead HBV candidate (siRNA)
 Leading the way toward       Initiated POC trial for antibody as a therapeutic T cell vaccine
 HBV functional cure          Initiated first POC combination trial for HBV functional cure

 Continuing to advance
                              Completed Phase 1; confirmed potential for 1X/seasonal dosing for Flu A
 our pipeline in              Initiated Phase 1 trial of prophylactic T cell HIV vaccine
 Influenza A and HIV

                Significantly strengthened our balance sheet
                                 © 2021 Vir Biotechnology, Inc.                                         4
2021: A transformational year ahead

                            With the potential to….

 Deliver COVID-19               Seek regulatory approval and launch our first antibody
 solutions                      Demonstrate that antibodies can stimulate T cell immunity

                                Deliver clinical milestones for potential best-in-class HBV portfolio
 Lead the way toward            Vir programs and new Gilead clinical collaboration
 HBV functional cure            • POC for siRNA + PEG-IFN-⍺         • Phase 2 initiation for siRNA + antibody
                                • POC for antibody                  • Phase 2 initiation for siRNA + Gilead assets

 Continue to advance
                                Initiate POC trial for universal prophylaxis for Flu A
 our pipeline in                Generate first-in-human data for novel vaccine platform in HIV
 Influenza A and HIV

                    …become a revenue-generating company
                                   © 2021 Vir Biotechnology, Inc.                                                    5
Vir development pipeline                                                                                                                                                        Antibody               siRNA                T cell

                                          Product                            Treatment/
  Disease Area                                                                                                      Pre-clinical               Phase 1              Phase 2                          Phase 3                         Collaborator
                                         Candidate                           Prophylaxis
                                                                           Early treatment
                                           VIR-7831
                                                                            (Ambulatory)

                                                                           Late treatment
                                           VIR-7831
                                                                           (Hospitalized)
  COVID-19
                                           VIR-7831                           Prophylaxis

                                           VIR-7832                            Treatment

                                           VIR-2218                            Treatment

                                          VIR-2218 +
  HBV                                                                          Treatment
                                          PEG-IFN-⍺

                                           VIR-3434                            Treatment

  Influenza A                              VIR-2482                           Prophylaxis

  HIV                                      VIR-1111*                          Prophylaxis

*Vaccine designed to establish proof of concept in Phase (Ph) 1 clinical trial to determine whether unique immune                                          *COVID-19: coronavirus disease 2019; HIV: human immunodeficiency virus;
response observed in non-human primates can be replicated in humans; ultimately, any candidates we advance as a           © 2021 Vir Biotechnology, Inc.   HBV: hepatitis B virus                                                                   6
potential HIV vaccine will require modifications to VIR-1111 before further clinical development.
COVID-19: Ongoing need for effective antibody therapy

                                                     88 MM                                                Vaccines are
                                                  Infections worldwide
                                                                                                          not enough
                                                    1.9 MM                                                 Herd immunity will take time
                                                   Deaths worldwide

                                                                                                           Vaccine hesitancy remains
                                                      274K
                                              New cases per day (US)                                       The virus is mutating

* John Hopkins University (Data as of 1/7/2021)

                                                                         © 2021 Vir Biotechnology, Inc.                                   7
COVID-19: A rapidly evolving pandemic

What we know now….

                                              of circulating viruses                  ~ 88 million people infected*
             < 0.4%                           have been sequenced                     ~ 305,717 sequenced viruses**

                                                                                                            ~5% of the world’s population

                                              of the known sequences
                  75%                         come from only 4 countries

                                                                                             UK (45%)         US (18%)    Denmark (7%) Australia (5%)
 What we still don’t know…
                                            • Genetic structure and medical implications of SARS-CoV-2 mutants
                                            • How virus will respond to immune pressure (i.e., seroprevalence ~10%***)

                Why this matters: majority of clinical antibodies target the RBM†, which is highly variable
* John Hopkins University (Data as of 1/7/2021)
** GISAID (human seqs, low coverage excluded) (Data as of 1/3/2021)
                                                                           © 2021 Vir Biotechnology, Inc.                                               8
*** www.serotracker.com
† RBM: Receptor Binding Motif
COVID-19: The South African variant…

January 5, 2021

                   “…appears to ‘obviate’ antibody drugs.”
                   – Dr. Scott Gottlieb

                   “…might have a negative impact on the
January 6, 2021

                   efficacy of some of the monoclonal
                   antibodies that are used.”
                    – Dr. Anthony Fauci

                            © 2021 Vir Biotechnology, Inc.   9
VIR-7831: Binds to a site that is highly conserved

       Scottish mutant                                                        VIR-7831 is
                          +                                                   expected to retain
                                                                              activity against all
              UK mutant                                                       four variants
                          +
 South African mutant                                                         The same cannot
                                                                              be said for other
                         +
                                                                              clinical-stage
            Mink mutant                                                       antibodies

                                               Month & Year

GISAID (human seqs, low coverage excluded)
>1018 aa (80% full length)                   © 2021 Vir Biotechnology, Inc.                          10
VIR-7831: A differentiated, dual-action antibody

                                                            Blocks virus entry
                                                            into healthy cells

                                                                   +
                                                             Clears infected
                                                                  cells

                           © 2021 Vir Biotechnology, Inc.                        11
VIR-7831: Potential best-in-class antibody

                                           Improved lung                                                            Blocks viral entry
                                           bioavailability3                                                         into healthy cells
                                                                                                                    (neutralization)1,2

                                                                                                                                                    Dual-Action
                                                                                                                            Clears infected cells
                                  Extended
                                                                                 Engineered to have                         by recruiting the
                                  half-life1,2                                   potent and lasting                         immune system1,2
                                                                                   effects against
                                                                                  SARS-CoV-2 and
                                                                                    other CoVs*

                                            Low dose                                                                High barrier to resistance;
                                            allows for IM                                                           potential to address
                                            formulations                                                            future pandemics2

* Sarbecoviruses.
1. Pinto D, et al. Nature. 2020;583:290–5;
2. Vir Biotechnology, Press release, 18 May 2020 (accessed November 13, 2020);     © 2021 Vir Biotechnology, Inc.                                       12
3. Hope, IAS 2019- HIV & HBV Cure Forum, Mexico City
VIR-7831 and VIR-7832: A robust clinical program

            Trial                       Population                                       Primary Endpoint             Milestones

                                      Patients at high risk                                                            PHASE 3
                                                                                      Reduction in hospitalization
                                       of hospitalization
                                                                                            and/or death                 Data
 Early Treatment (VIR-7831)   (e.g., obesity, diabetes, age >55)                                                       (1Q:2021)

                                                                                      Time to sustained recovery
                                                                                                                       PHASE 3
                                Mild, moderate, and higher-                            (i.e., discharged, home for
                               severity hospitalized patients                         14 consecutive days) and/or    Part 1 review
                                                                                             reduction in death        (1Q:2021)
  Hospitalized (VIR-7831)

                                                                                                                       PHASE 3
                                   Uninfected individuals                                Prevent symptomatic
                                        at high risk                                          infection                 Start
  Prophylaxis (VIR-7831)                                                                                               (2Q:2021)

                                                                                    Safety and tolerability of       PHASE 1b/2a
                                   Patients at high risk of
                                  hospitalization (age >55)
                                                                                 VIR-7832; virologic comparison         Start
      Early Treatment                                                              of VIR-7831 and VIR-7832            (1Q:2021)
    (VIR-7832/VIR-7831)

                                                     © 2021 Vir Biotechnology, Inc.                                                  13
Vir-GSK: A pan-coronavirus collaboration

      Creating A Robust Coronavirus Portfolio For Impact Today and in the Future

 Partnership benefits:
  Scale and speed of
  commercialization
                                                                        Developing pan-corona
  Manufacturing and supply                                             antivirals using functional
                                                                       genomics and antibodies
  Data sciences, human
  genetics
                                Accelerating development                                                 Developing
  Medicinal chemistry            of COVID-19 antibodies                                              pan-corona vaccines

  Future pandemic planning         VIR-7831, VIR-7832

                                      © 2021 Vir Biotechnology, Inc.                                                       14
HBV functional cure program

                                   Our goal                                                       Achieve HBV functional cure* through combination therapy

                                                                                                           Suppress                                   Stimulate
                    Our approach                                                                           the virus                                 and enhance
                                                                                                                                                     the immune
                                                                                                                                                       system

                                                                                                                                 • Inhibits virion production
                                                                                    VIR-2218 (siRNA)
              Our core assets                                                                                                    • Removes tolerogens
                address both
                                                                                                                                 • Prevents viral entry
                                                                                      VIR-3434 (mAb)                             • Removes tolerogens
                                                                                                                                 • Acts as a T cell vaccine

*Functional cure: undetectable hepatitis B virus surface antigen (HBsAg), defined as less than
0.05 international units per milliliter, as well as HBV DNA less than the lower limit of quantification,        © 2021 Vir Biotechnology, Inc.                     15
in the blood six months after the end of therapy.
Broadest HBV functional cure portfolio

                                                                                                                                            Ongoing / Planned Combination Trials
                                                 VIR-2218
                           Potential Best-In-Class siRNA                                                                                                       Currently in
                                                                                                                                              PEG-IFN-⍺
                             as “backbone” of therapy                                                                                                           Phase 2

                                                                                                                                              VIR-3434        Start Phase 2

                                                                                                                        +
                                                                                                                                                mAb          trial in 2H:2021

                                                                                                                                              GS-9688
                                                                                                                                            TLR-8 Agonist
                                                                                                                                                              Start Phase 2
                                                                                                                                             nivolumab         trial in 2021
    Substantial, Durable, and Dose Dependent
                                                                                                                                                PD-1
      Reduction of HBsAg through 36 weeks

                                                                                                                                              BRII-179        Start Phase 2
                                                                                                                                            T cell vaccine   trial in 1H:2021

Note: current and planned trials are/will be conducted in patients with chronic HBV
on nucleotide/nucleoside reverse transcriptase inhibitors (NRTIs), which are standard of care treatment.   © 2021 Vir Biotechnology, Inc.                                          16
PEG-IFN: pegylated interferon alpha.
VIR-2482: Universal prophylaxis for Influenza A

    Expected advantages of VIR-2482                                                Influenza Hemagglutinin (HA)

  In vitro, covers all major strains of Influenza A
  since the 1918 pandemic                                                                             Most Vaccine-Induced
                                                                                                      Antibodies
  Does not rely on host immune system
  to mount a response
  IM administration (like the flu shot)
  Extended half-life with potential for                                                           VIR-2482
  1X/seasonal dosing

                                                                                          Variable amino acids
           Start Phase 2 in 4Q:2021                                                      Conserved amino acids
       with expected POC data 1H:2022                                                      Conserved epitope

                                                  © 2021 Vir Biotechnology, Inc.                                             17
T cell platform progress

                                                Culmination of a decade-long collaboration with
                                           Oregon Health & Science University with support from the
                                                     Bill & Melinda Gates Foundation

                                           “We are pleased to have initiated the first Phase 1 trial to
                                         evaluate our T cell platform, which explores the potential for
                                        immune-programmed vaccines to treat and prevent serious
                                                         infectious diseases like HIV.”

 HIV vaccine candidate begins                              HIV Vaccine: Vir Biotechnology
 first clinical trial in humans                            Announces First Patient Dosed

                                  © 2021 Vir Biotechnology, Inc.                                          18
2021 anticipated catalysts

Catalyst                                                                                 Disease area   Anticipated timing
VIR-7831 (mAb) Phase 3 (Early Treatment, COMET-ICE) data                                   COVID-19          1Q:2021

VIR-7831 (mAb) Phase 3 (Hospitalized, ACTIV-3) part 1 review                               COVID-19          1Q:2021

VIR-7832 (mAb) Phase 1b/2a (Early Treatment, AGILE) start                                  COVID-19          1Q:2021

VIR-7831 (mAb) Phase 3 (Prophylaxis) start                                                 COVID-19          2Q:2021

VIR-2218 (siRNA) Phase 2 one-year response durability data                                   HBV             1H:2021

VIR-2218 (siRNA) + BRII-179 Phase 2 start                                                    HBV             1H:2021

VIR-2218 (siRNA) + VIR-3434 (mAb) Phase 2 start                                              HBV             2H:2021

VIR-2218 (siRNA) + PEG-IFN-⍺ Phase 2 initial data                                            HBV             2H:2021

VIR-2218 (siRNA) + GS-9688 + nivolumab Phase 2 start                                         HBV              2021
VIR-2482 (mAb) Phase 2 start                                                              Influenza A        4Q:2021

VIR-2482 (mAb) Phase 2 POC data                                                           Influenza A        1H:2022

VIR-1111 (T cell) Phase 1 initial data                                                       HIV             2H:2021

                                                        © 2021 Vir Biotechnology, Inc.                                       19
Vir Biotechnology

Significant near-term value drivers
  Two Phase 3 COVID-19 read-outs for VIR-7831; seek approval and launch our potential
  best-in-class antibody
  Leading the way toward a functional cure for HBV
  Advancing clinical pipeline in Influenza A and HIV

Even more potential value to be unlocked
  Multi-pathogen targeted small molecules
  Vaccinal antibodies
  Immune programming

        Our mission is to create a world without infectious disease

                                            © 2021 Vir Biotechnology, Inc.              20
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