ASCO 2021 Investor Presentation June 8, 2021

Page created by Chester Kennedy
 
CONTINUE READING
ASCO 2021 Investor Presentation June 8, 2021
ASCO 2021
Investor Presentation
June 8, 2021
ASCO 2021 Investor Presentation June 8, 2021
Forward Looking Statement

This presentation contains statements about the Company’s future plans and prospects
that constitute forward-looking statements for purposes of the safe harbor provisions
under the Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated as a result of various important factors, including those
discussed in the company’s most recent annual report on Form 10-K and reports on
Form 10-Q and Form 8-K. These documents are available from the SEC, the Bristol-Myers
Squibb website or from Bristol-Myers Squibb Investor Relations.

In addition, any forward-looking statements represent our estimates only as of the date
hereof and should not be relied upon as representing our estimates as of any subsequent
date. While we may elect to update forward-looking statements at some point in the
future, we specifically disclaim any obligation to do so, even if our estimates change.

                                                                            Not for Product Promotional Use   2
ASCO 2021 Investor Presentation June 8, 2021
ASCO 2021

            Samit Hirawat
            Executive VP
            Chief Medical Officer
            Global Drug Development

                                      Not for Product Promotional Use   3
ASCO 2021 Investor Presentation June 8, 2021
BMS continues to advance its leadership in Oncology
• Only company with three I-O agents: Opdivo, Yervoy & Relatlimab*
• Broad program across approaches, tumors, and stages of disease

What we’ve learned at ASCO 2021:
 —Neo-adjuvant NSCLC (CM-816): following positive pCR results,
  favorable surgical outcomes post treatment
  GI cancer: favorable data with CM-648 complements upper GI program
  Dual I-O (Opdivo + Yervoy): continued long-term survival
  Relatlimab: clinically meaningful data in melanoma, for novel fixed-
   dose combination with Opdivo

          *Opdivo & Yervoy are approved therapies; Relatlimab is a potential new medicine with positive Phase 3 results   Not for Product Promotional Use   4
ASCO 2021 Investor Presentation June 8, 2021
Expanding Opdivo use in early-stage disease:
CM-816 in lung
  April 2021: Primary endpoint of pCRa met for                                                                      ASCO 2021: Greater percentage of patients treated with
  neoadjuvant Nivo + chemo, vs chemo                                                                                neoadjuvant NIVO + chemo had definitive surgery

                               Primary endpoint: ITT (ypT0N0)b

                       40      OR = 13.94 (99% CI, 3.49–55.75)c
                                         P < 0.0001

                       30                     Differencec
                                                 21.6%
        pCR rate (%)

                                 24.0%d

                       20

                       10

                                                                   2.2%d
                        0                                                                                           • Majority of pts had surgery within the protocol-specified time window
                             NIVO + chemo                       Chemo                                               • Completeness of resection was higher
                       n/N     43/179                              4/179
                                                                                                                    • Fewer patients underwent pneumonectomy
a Per BIPR; pCR: 0% residual viable tumor cells in both primary tumor (lung) and sampled lymph nodes;
b ITT principle: patients who did not undergo surgery counted as non-responders for primary analysis;               • Treatment was tolerable, addition of 5NIVO to chemo did not increase
c Calculated by stratified Cochran–Mantel–Haenszel method;
d pCR rates 95% CI: NIVO + chemo, 18.0–31.0; chemo, 0.6–5.6                                                           post-surgical complications
                                                                                                        aPatientswith all baseline stages of disease and definitive surgery;
                                                                                                        bDenominator  based on patients with definitive surgery;
                                                                                                        cThoracoscopic/robotic;
                                                                                                                                                                               Not for Product Promotional Use   5
                                                                                                        dMinimally invasive to thoracotomy
ASCO 2021 Investor Presentation June 8, 2021
CheckMate -648:
Global, randomized, open-label phase 3 studya

Key eligibility criteria                                                                  n = 321                       NIVO 240 mg Q2W +                                                                                Primary endpoints:
• Unresectable advanced, recurrent
                                                                                                                chemo (fluorouracil + cisplatin)d Q4We
  or metastatic ESCC                                                                                                                                                                                                     • OS and PFSf
• ECOG PS 0-1                                                                                                                                                                                                              (tumor cell PD-L1 ≥ 1%)
                                                                          R               n = 325                                     NIVO 3 mg/kg Q2W +
• No prior systemic treatment for                                                                                                                                                                                        Secondary endpoints:
  advanced disease
                                                                        1:1:1                                                          IPI 1 mg/kg Q6We
• Measurable disease                                                                                                                                                                                                     • OS and PFSf (all randomized)
                                                                                          n = 324               Chemo (fluorouracil + cisplatin)d Q4We                                                                   • ORRf (tumor cell PD-L1 ≥ 1%
Stratification factors                                                                                                                                                                                                     and all randomized)
• Tumor cell PD-L1 expression
                                                                                                                                                      N = 970
  (≥ 1% vs < 1%b)
• Region (East Asiac vs rest of Asia vs ROW)
• ECOG PS (0 vs 1)
• Number of organs with metastases
  (≤ 1 vs ≥ 2)

At data cutoff (January 18, 2021), the minimum follow-up was 12.9 monthsg

                      aClinicalTrials.gov.
                                         NCT03143153; b< 1% includes indeterminate tumor cell PD-L1 expression; determined by PD-L1 IHC 28-8 pharmDx assay (Dako); cEast Asia includes patients from Japan, Korea, and
                      Taiwan; dFluorouracil 800 mg/m2 IV daily (days 1-5) and cisplatin 80 mg/m2 IV (day 1); eUntil documented disease progression (unless consented to treatment beyond progression for NIVO + IPI or NIVO +
                      chemo), discontinuation due to toxicity, withdrawal of consent, or study end. NIVO is given alone or in combination with IPI for a maximum of 2 years; fPer blinded independent central review (BICR);
                                                                                                                                                                                                                                     Not for Product Promotional Use   6
                      gTime from last patient randomized to clinical data cutoff.
ASCO 2021 Investor Presentation June 8, 2021
CheckMate -648 OS: NIVO + chemo vs. chemo
                                           Primary endpoint (tumor cell PD-L1 ≥ 1%)a                                                                                                All randomizeda
                               100                                                                     NIVO + chemo      Chemo          100                                                                         NIVO + chemo        Chemo
                                                                                                         (n = 158)      (n = 157)                                                                                     (n = 321)        (n = 324)
                                90                             12-mo                                                                     90
                                                                                  Median OS, mo            15.4              9.1                                                              Median OS, mo             13.2                 10.7
                                80                              rate                  (95% CI)          (11.9–19.5)     (7.7–10.0)       80                                                       (95% CI)           (11.1–15.7)      (9.4–11.9)
                                                                                  HR (99.5% CI)             0.54 (0.37–0.80)                                          12-mo                   HR (99.1% CI)                 0.74 (0.58–0.96)
        Overall survival (%)

                                70                                                                                                       70
                                                                                  P value                         < 0.0001                                             rate                   P value                           0.0021
                                60                                58%                                                                    60
                                                                                                                                                                            53.5%
                                50                                                                                                       50
                                40                                37%                                                                    40                      44%
                                30                                                                                                       30
                                                                                                               NIVO + chemo                                                                                            NIVO + chemo
                                20                                                                                                       20
                                10                                                                                                       10
                                                                                                               Chemo                                                                                                Chemo
                                 0                                                                                                        0
                                     0     3     6       9     12       15   18     21      24    27      30      33     36        39         0     3     6     9      12     15    18   21      24     27     30      33       36       39         42
No. at risk                                                                   Months                                                                                                     Months
NIVO + chemo                         158   143   129     105      88    70   53      36     22    16       4        2        0      0         321   293   253   203    163    133   92   60       40    26     12       4        1       1          0
Chemo                                157   135   105     72       52    36   21      12      8     4       2        1        1      0         324   281   229   171    131    93    56   41       23     9      5       2        1       0          0

                               • Superior OS was observed for NIVO + chemo versus chemo in both patients with tumor cell PD-L1 ≥ 1% and all randomized patients
                                     ― Patients with tumor cell PD-L1 ≥ 1%: 46% reduction in the risk of death and a 6.3-month improvement in median OS
                                     ― All randomized patients: 26% reduction in the risk of death and a 2.5-month improvement in median OS

                                                       aMinimum   follow-up 12.9 months.                                                                                                                Not for Product Promotional Use                 7
ASCO 2021 Investor Presentation June 8, 2021
CheckMate -648 OS: NIVO + IPI vs. chemo
                                                                                                                                                                           All randomizeda
                                              Primary endpoint (tumor cell PD-L1 ≥                                1%)a

                           100                                                                     NIVO + IPI        Chemo
                                                                                                                                     100
                                                                                                                                                                                                            NIVO + IPI          Chemo
                                                                                                   (n = 158)        (n = 157)                                                                               (n = 325)          (n = 324)
                            90                                                                                                        90
                                                                             Median OS, mo            13.7                9.2                                                        Median OS, mo             12.8              10.7
                            80                                                     (95% CI)        (11.2–17.0)     (7.7–10.0)         80                                                 (95% CI)           (11.3–15.5)        (9.4–11.9)
                                                               12-mo                                                                                               12-mo
    Overall survival (%)

                            70                                               HR (98.6% CI)               0.64 (0.46–0.90)             70                                             HR (98.2% CI)             0.78 (0.62–0.98)
                                                                rate                                                                                                rate
                                                                             P value                         0.0010                                                                  P value                          0.0110
                            60                            57%                                                                         60                            53.5%
                            50                                                                                                        50
                            40                                 37%                                                                    40
                            30                                                                                                        30                             44%                                              NIVO + IPI
                                                                                                             NIVO + IPI
                            20                                                                                                        20
                            10                                                                                                        10                                                                               Chemo
                                                                                                               Chemo
                             0                                                                                                         0
                                  0      3     6     9    12     15    18    21        24     27    30       33    36           39          0     3     6     9    12      15   18      21     24     27        30        33      36        39
No. at risk                                                             Months                                                                                                  Months
NIVO + IPI                       158    136    116   98   89      63    50    40       31     20    11        9       4         0          325   274   232   191   166   129    97      77     55      33       22        12       6        0
Chemo                            157    135    105   72   52      36    21    12        8     4     2         1       1         0          324   281   229   171   131    93    56      41     23      9        5         2        1        0

                                 • Superior OS was observed for NIVO + IPI versus chemo in both patients with tumor cell PD-L1 ≥ 1% and all randomized patients
                                       ― Patients with tumor cell PD-L1 ≥ 1%: 36% reduction in the risk of death and a 4.6-month improvement in median OS
                                       ― All randomized patients: 22% reduction in the risk of death and a 2.1-month improvement in median OS

                                                     aMinimum   follow-up 12.9 months.                                                                                                               Not for Product Promotional Use             8
ASCO 2021 Investor Presentation June 8, 2021
Manageable safety profile for both active arms

                                                                                                                                      All treateda
                                                                                 NIVO + chemo                                          NIVO + IPI                                          Chemo
                                                                                   (n = 310)                                           (n = 322)                                          (n = 304)
 Patients, n (%)                                                        Any grade                 Grade 3-4                Any grade                Grade 3-4                Any grade                 Grade 3-4
  Any TRAEsb                                                              297 (96)                 147 (47)                  256 (80)                 102 (32)                 275 (90)                  108 (36)
  Serious TRAEsb                                                           74 (24)                  57 (18)                  103 (32)                  73 (23)                  49 (16)                   38 (13)
  TRAEs leading to discontinuationb                                       106 (34)                   29 (9)                   57 (18)                  41 (13)                  59 (19)                    14 (5)
  Treatment-related deathsc                                                              5 (2)d                                            5 (2)e                                              4 (1)f

  • The most common any-grade TRAEs (≥ 15%) were nausea and decreased appetite in the NIVO + chemo and chemo arms
    and rash in the NIVO+ IPI arm
  • The incidence of TRAEs in patients with tumor cell PD-L1 ≥ 1% was consistent with all treated patients across all arms

aPatients who received ≥ 1 dose of study drug; bAssessed in all treated patients during treatment and for up to 30 days after the last dose of study treatment; cTreatment-related deaths were reported regardless of
timeframe; dIncluded 1 event each of pneumonia, pneumatosis intestinalis, acute kidney injury, pneumonitis, and pneumonitis/ respiratory tract infection; eIncluded 2 events of pneumonitis and 1 event each of interstitial
lung disease, acute respiratory distress syndrome, and pulmonary embolism; fIncluded 1 event each of septic shock, sepsis, acute kidney injury, and pneumonia.

                                                                                                                                                                                        Not for Product Promotional Use        9
Dual I-O continues to demonstrate durable long-term
survival for 6+ years in metastatic melanoma
    Melanoma: CM -067 (6.5 yr update)
         100

                                                                                                 NIVO + IPI (n = 314)       NIVO (n = 316)           IPI (n = 315)
                                                                                                                                                                                               • Nearly half of patients
         90
                                                                       Median (95% CI), mo            72.1 (38.2–NR)        36.9 (28.2–58.7)        19.9 (16.8–24.6)                             alive after 6+ years
                                                                       HR (95% CI) vs IPI          0.52 (0.43–0.64)         0.63 (0.52–0.76)               –
         80

         70
                                                                       HR (95% CI) vs NIVOa        0.84 (0.67–1.04)                –                       –
                                                                                                                                                                                               • Represents longest follow-
         60
                                                                                                                                                                                                 up for a dual I-O trial at
                                                                                                                                       52%                                     49%
                                                                                                                                                                50%
                                                                                                                                                                                                 6.5 years
OS (%)

         50

         40
                                                                                                                                       44%                      43%            42%
                                                                                                                                                                                               • Durability of dual I-O is
         30                                                                                                                                                                                      demonstrated by
         20            NIVO + IPI                                                                                                      26%
                                                                                                                                                                23%            23%
                                                                                                                                                                                                 consistent shape of the OS
                                                                                                                                                                                                 curve
                       NIVO
          10
                       IPI

           0

               0   3    6     9     12   15   18   21   24   27   30    33    36     39     42   45      48    51      54   57    60     63    66     69       72    75   78    81   84   87

                                                                                            Months

                                                                                                                                                                                                               Not for Product Promotional Use   10
Differentiated profile for dual I-O in 1L lung cancer
CM -227 (4 yr update)                               CM –9LA (2 yr update)
  PD-L1>1%
                                                          OS in all randomized patients

                       40%
                       36%

                        33%

• Longest follow-up for a dual I-O trial in NSCLC    • Earlier data addressed early part of curve
• OS curve is flat with a distinct tail              • Data continues to mature & show durability
• Proven durability demonstrated                     • At 2 years: OS for CM-9LA was durable vs chemo, with
                                                       38% alive vs 26%; CM-227 OS was 40%
                                                                                          Not for Product Promotional Use
                                                                                            Not for Product Promotional Use   11
Next novel I-O Combination: Relatlimab + Nivo

• LAG-3 and PD-1 are distinct
                                                                                                                     NIVO PD-L1/2          APC
  immune checkpoints, often co-
  expressed on tumor-infiltrating                                              PD-1
                                                                                             LAG-3                   PD-1               MHC I

  lymphocytes, and contribute to                                                                                               TCR          MHC II

  tumor-mediated T-cell                                                                Exhausted
                                                                                                     + RELA     Activated

  exhaustion1,2                                                                          T cell      + NIVO
                                                                                                                  T cell
                                                                                                                                LAG-3 RELA

• In preclinical models,
  LAG-3 and PD-1 blockade                                                                                                                                   Tumor cell
  demonstrated synergistic                                                                                    NIVO                                            death

  antitumor activity1                                                                                                               Tumor
                                                                                                                                     cell

APC, antigen-presenting cell; MHC, major histocompatibility complex; TCR, T-cell receptor.
1. Woo S-R, et al. Cancer Res 2012;72:917–927; 2. Anderson AC, et al. Immunity 2016;44:989–1004;

                                                                                                                                      Not for Product Promotional Use    12
RELATIVITY-047:
Global, randomized, double-blind, Phase 2/3 studya

  Key eligibility criteria                                                                                                      N = 714
  • Previously untreated
    unresectable or
                                                                                                       RELA 160 mg + NIVO 480 mg                                                               Primary endpoint
    metastatic melanomaa
                                                                                                   fixed-dose combination (FDC) IV Q4W                                                         • PFS by BICRd
  • ECOG PS 0–1                                                             R
                                                                           1:1
  Stratification factors
                                                                                                                                                                                               Secondary endpoints
  •   LAG-3b                                                                                                                                                                                   • OS
                                                                                                                       NIVO 480 mg IV Q4W
  • PD-L1c                                                                                                                                                                                     • ORR by BICRd
  • BRAF
  • AJCC v8 M stage

AJCC, American Joint Committee on Cancer; BICR, blinded independent central review; CTLA-4, cytotoxic T lymphocyte antigen-4; ECOG PS, Eastern Cooperative Oncology Group
performance status; IHC, immunohistochemistry; IV, intravenous; ORR, overall response rate; Q4W, every 4 weeks; R, randomization.
ClinicalTrials.gov: NCT03470922; Lipson E, et al. Poster presentation at ESMO Congress; October 19–23, 2018; Munich, Germany. Abstract 1302TiP.
aPrior adjuvant/neoadjuvant treatment permitted (anti-PD-1 or anti-CTLA-4 permitted if at least 6 months between the last dose and recurrence; interferon therapy permitted if the last dose

was at least 6 weeks before randomization); bLAG-3 expression on immune cells was determined using an analytically validated IHC assay (LabCorp); cPD-L1 expression on tumor cells was
determined using the validated Agilent/Dako PD-L1 IHC 28-8 pharmDx test; dFirst tumor assessment (RECIST v1.1) performed 12 weeks after randomization, every 8 weeks up to 52 weeks,
and then every 12 weeks. Database lock date: March 9, 2021.

                                                                                                                                                                                                    Not for Product Promotional Use   13
Rela + Nivo FDC demonstrated significantly longer PFS
RELA + NIVO FDC demonstrated significantly longer PFS by BICR vs NIVO
                                                                                                                                                                                        RELA + NIVO                  NIVO
                                                                                                                                                                                         (n = 355)                 (n = 359)
           100
                                                                                                                                                   Median PFS, months                        10.12                     4.63
                                                                                                                                                      (95% CI)                           (6.37–15.74)             (3.38–5.62)
            80                                                                                                                                     HR (95% CI)                                    0.75 (0.62–0.92)
                                                                                                                                                   P value                                              0.0055
            60
 PFS (%)

                                                                                          47.7% (95% CI: 41.8–53.2)

            40                                                                                                                                                                                            RELA + NIVO

                                                                                          36.0% (95% CI: 30.5–41.6)                                                                                       NIVO
            20

             0
                 0          3                   6                   9                  12               15                     18                  21                  24                  27                30
No. at risk                                                                                           Months
RELA + NIVO 355            201                 163                 132                 99                   81                  75                  67                  30                  6
NIVO        359            174                 124                  94                 72                   61                  57                  49                  27                  6

                     CI, confidence interval; HR, hazard ratio.
                     All randomized patients. Statistical model for HR and P value: stratified Cox proportional hazard model and stratified log-rank test. Stratified by LAG-3 (≥ 1% vs < 1%), BRAF   Not for Product Promotional Use   14
                     (mutation positive vs mutation wild-type), AJCC M stage (M0/M1any[0] vs M1any[1]). PD-L1 was removed from stratification because it led to subgroups with < 10 patients.
PFS demonstrated across subgroups & stratification factors
                                                                        RELA + NIVO                   NIVO
Subgroup                                                                        Events/no. of patients              Unstratified HR for progression or death (95% CI)
Overall                                                                  180 (355)                 211 (359)                                                 0.76 (0.62–0.92)
Age categorization, years                ≥ 18 and < 65                    99 (187)                 117 (196)                                                 0.83 (0.64–1.09)
                                         ≥ 65 and < 75                    50 (102)                  60 (103)                                                 0.69 (0.47–1.00)
                                         ≥ 65                             81 (168)                  94 (163)                                                 0.69 (0.51–0.93)
                                         ≥ 75                              31 (66)                   34 (60)                                                 0.69 (0.42–1.13)
Sex                                      Male                             98 (210)                 123 (206)                                                 0.68 (0.52–0.89)
                                         Female                           82 (145)                  88 (153)                                                 0.88 (0.65–1.19)
LDH                                      ≤ ULN                           100 (224)                 127 (231)                                                 0.70 (0.54–0.91)
                                         > ULN                            79 (130)                  84 (128)                                                 0.80 (0.59–1.09)
                                         ≤ 2 × ULN                       158 (322)                 186 (328)                                                 0.75 (0.60–0.92)
                                         > 2 × ULN                         21 (32)                   25 (31)                                                 0.75 (0.42–1.35)
ECOG PS                                  0                               108 (236)                 136 (242)                                                 0.74 (0.57–0.95)
                                         1                                72 (119)                  75 (117)                                                 0.78 (0.56–1.07)
Tumor burden per BICR                    < Q1                              26 (74)                   37 (83)                                                 0.62 (0.37-1.03)
                                         Q1 to
Favorable profile with no unexpected safety signals
                                                                       RELA + NIVO (n = 355)                                                          NIVO (n = 359)
AE, n (%)                                                        Any grade                          Grade 3–4                         Any grade                   Grade 3–4
Any AE                                                           345 (97.2)                         143 (40.3)                        339 (94.4)                  120 (33.4)
TRAE                                                             288 (81.1)                          67 (18.9)                        251 (69.9)                    35 (9.7)
   Leading to discontinuation                                     52 (14.6)                           30 (8.5)                          24 (6.7)                    11 (3.1)
   TRAE ≥ 10%
       Pruritus                                                   83 (23.4)                                0                           57 (15.9)                      2 (0.6)
       Fatigue                                                    82 (23.1)                            4 (1.1)                         46 (12.8)                      1 (0.3)
       Rash                                                       55 (15.5)                            3 (0.8)                         43 (12.0)                      2 (0.6)
       Arthralgia                                                 51 (14.4)                            3 (0.8)                          26 (7.2)                      1 (0.3)
       Hypothyroidism                                             51 (14.4)                                0                           43 (12.0)                           0
       Diarrhea                                                   48 (13.5)                            3 (0.8)                          33 (9.2)                      2 (0.6)
       Vitiligo                                                   37 (10.4)                                0                            35 (9.7)                           0

              Potential to bring I-O combination treatment to more patients

                  TRAE, treatment-related adverse event. aHemophagocytic lymphohistiocytosis, acute odema of the lung, and pneumonitis; bSepsis and             Not for Product Promotional Use   16
                  myocarditis, worsening pneumonia event. Includes events reported between first dose and 30 days after last dose of study therapy.
Future expansion opportunities for relatlimab

Early stage                                 Hepatocellular                      Non-small cell lung
melanoma                                    carcinoma (post TKI)                cancer (1L NSCLC)

 • Initiating new Ph3 study in                • Initiated Phase 2*               • Initiated Phase 2*
   adjuvant melanoma                            — Rela+Nivo                        — Rela+Nivo+Chemo vs
 • Potential to help additional                                                      Nivo+Chemo
                                              • Expanding POC in HCC to
   melanoma patients, earlier                   inform registrational program    • Opportunity to expedite
   in their disease                                                                development into
                                                                                   registrational studies

              *based on data from single arm Ph1 basket/umbrella study                        Not for Product Promotional Use   17
Broad program with several recent successes,
crossing tumors and stages of disease
Metastatic Setting                                                                    Early-Stage Setting
Tumor/Trial                       Status         Tumor/Trial                Status    Tumor/Trial               Status      Tumor/Trial                     Status
1L NSCLC                       Approved √        1L Gastric              Approved √   Esophageal (Adj)        Approved √    HCC (Adj)                      2023+
CM-9LA                                           CM-649                   (O+chemo)   CM-577                                CM-9DX                        Read-out
Opdivo + Chemo                                   Opdivo + Yervoy,                     Opdivo vs Placebo                     Opdivo vs Placebo
vs Chemo                                         Opdivo + Chemo,
                                                 vs Chemo
1L RCC                         Approved √        1L Mesothelioma         Approved √   MIBC (Adj)                PDUFA       NSCLC (Adj)                    2023+
CM-9ER                                           CM-743                               CM-274                  Sep 3, 2021   ANVIL                         Read-out
Opdivo + Cabo                                    Opdivo + Yervoy                      Opdivo vs Placebo                     Opdivo
vs Sutent                                        vs Chemo                                                                   vs Observation
1L Melanoma                   ASCO 2021 √        1L Melanoma                2022      NSCLC (Neo-Adj)         2020 pCR √    NSCLC Stage 3                  2023+
CA224-047                                        CA045-001                Read-out    CM-816                                (Unresectable)                Read-out
Relatlimab + Opdivo                              Opdivo + bempeg                      Opdivo + Chemo                        CM-73L
vs Opdivo                                        vs Opdivo                            vs Chemo                2023+ EFS     Opdivo mono, Opdivo
                                                                                                                            + Yervoy vs Infinzi
1L Esophageal                 ASCO 2021 √        1L HCC                    2023+      Renal (Adj)             2022/2023     NSCLC (Peri-Adj)               2023+
CM-648                                           CM-9DW                   Read-out    CM-914                   Read-out     CM-77T                        Read-out
Opdivo+Yervoy                                    Opdivo + Yervoy vs                   Opdivo + Yervoy           (Part A)    Neo-adj Opdivo +
vs Chemo;                                        Sorafenib/lenvatinib                 vs Placebo                            Chemo followed by
Opdivo + Chemo                                                                                                              Adj Opdivo
vs Chemo                                                                                                                    vs Chemo
1L Bladder                        2021           Prostate (mCRPC)           2022      MIBC (Peri-Adj)           2023+
CM-901                          Read-out         CM-7DX                   Read-out    CA017-078                Read-out
Opdivo + Yervoy +               (PD-L1+)         Opdivo + Chemo                       Opdivo + Chemo,
Chemo vs Chemo                                   vs Placebo + Chemo                   Opdivo + IDO + Chemo,
                                                                                      vs Chemo
                                                                                                                                    NotNot
                                                                                                                                        forfor Product
                                                                                                                                            Product    Promotional
                                                                                                                                                    Promotional UseUse   18
“Approved” = obtained first market approval (U.S.)   Readout dates are estimates.
ASCO 2021

            Chris Boerner
            Executive Vice President
            Chief Commercialization Officer

                                              Not for Product Promotional Use
Today’s successful Oncology franchise provides
foundation for next phase
Successful I-O franchise for 10+ years                     Next phase driven by

• $8.7B in global net sales in 2020 (Opdivo & Yervoy)      Opdivo & Yervoy

• Successfully executed 23 launches across I-O portfolio   • Lung (CM-227, CM-9LA)
                                                             • Opdivo combinations continue to demonstrate
• Established as a standard of care in 11 tumors               durable overall survival
• Maintaining strong position in core tumors despite       • Upper GI: Comprehensive offering across 3 new
  intense competition                                        current & potential indications (CM-649, CM-577,
                                                             CM-648)
                                                           • Other expansion opportunities e.g. renal (CM-9ER)
                                                             and bladder (CM-274)
                                                            Relatlimab
                                                           • Next I-O combination; opportunity to expand
                                                             leadership in 1L melanoma
                                                           • Additional expansion opportunities
                                                                                              Not for Product Promotional Use
                                                                                                Not for Product Promotional Use   20
Comprehensive offering across upper GI cancers
                                             EARLY DISEASE              ADVANCED DISEASE

                                                                      CM-648
      Predominantly                                              Opdivo + chemo
                                                                                            ATT-3                        Establish Opdivo as the upper GI
                                                                                           Approved3
      Squamous (ESCC)                                           or O+Y vs. chemo                                           treatment backbone across
                                                  CM-577            in 1L ESCC
                                                 Approved1         # Patients*
                                                                                           Opdivo mono                        settings & histologies
                                                                                           vs. chemo in
                                                                  (US/EU/JP)                 2L ESCC
                                                 Opdivo mono      4k/7.5k/11k
                                                  in adjuvant                                                     •     CM-577: First & only adjuvant therapy
                   ESOPHAGEAL
                                                  EC & GEJC4                                                            for locally advanced EC/GEJC patients
                                                                                                                        after trimodal therapy4
      Predominantly Adeno                         # Patients*
                                                  (US/EU/JP)       CM-649
                                                   3k/3k/
Novel fixed dose combination of Rela and Nivo delivering a
differentiated option for patients

       Compelling I-O/I-O efficacy
        Superior efficacy vs PD-1 mono
        PFS similar to dual-IO

       Manageable safety profile
         Side effect profile similar to, & modestly
          incremental to, that of PD-1 mono

       Unique fixed dose combination
        Rela 160mg/Opdivo 480mg Q4W in single infusion
        Convenient administration with reduced infusion time

                                                                Not for Product Promotional Use   22
Opportunity to expand leadership in 1L melanoma
with Rela and Nivo FDC
1L metastatic melanoma market landscape
             Approximately 1/3            Approximately 1/3               Approximately 1/3

           Opdivo + Yervoy            PD-1 monotherapy                       BRAF MT

          Usage driven by deep         Patients who are not             TKIs used today based
          responses & potential           candidates for                on presence of driver
            long-term survival         standard dose Yervoy                    mutation

           Potential opportunity             Near-term                       Strong data
          pending additional data              focus                      to support usage

                                    Ability to expand usage over time

                                                                                         Not for Product Promotional Use   23
Oncology franchise expansion
                               • Expand presence in key tumors
Continue to grow               • Establish GI leadership
Opdivo / Dual I-O

                               • Novel fixed dose combination
Establish Rela + Nivo          • Expand leadership in 1L metastatic
                                 melanoma; multiple expansion
                                 opportunities

                               • Leveraging differentiated platforms,
Develop additional agents        e.g. protein degradation, cell
with novel targets               therapy, oral peptides

                                                       Not for Product Promotional Use   24
Strengthening hematology franchise

Leverage first- / best-in class
CAR T profiles

Further establish & expand new
medicines in Myeloid diseases

                                  • Advance CELMoD agents:
Strengthen/extend leadership        Iberdomide & CC-92480
in Multiple Myeloma               • Advance BCMA program with
                                    T-cell engager and ADC

                                                      Not for Product Promotional Use   25
Please standby as we
transition to the Q&A
portion of our
presentation

                        Not for Product Promotional Use   26
Q&A

      Chris Boerner, Ph.D.
      Executive VP,
      Chief Commercialization Officer

      Samit Hirawat, M.D.
      Executive VP,
      Chief Medical Officer,
      Global Drug Development

                                        Not for Product Promotional Use   27
You can also read