Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix

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Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
Can NBTXR3 turn anti-PD-1
    non responders into responders
    and deepen anti-PD-1 response in
    naïve patients?

                            Study 1100 Virtual KOL Event
                                            June 11,
                                                  1 2021
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
Important Notice and Disclaimer
Information in this presentation, and the accompanying discussion, contains forward-looking statements. All statements other than statements of historical facts
regarding Nanobiotix S.A. and our subsidiaries (together, “Nanobiotix” or the “Company”) are forward looking statements. Forward-looking statements in this
presentation include, but are not limited to, statements about: the Company’s future prospects; clinical outcomes, which may materially change as patient
enrollment continues and more extensive and longer-term patient data become available; the timing and ability to progress the clinical trials of NBTXR3; the
potential benefits of NBTXR3, alone or in combination with other treatments; the Company’s overall development strategy, regulatory calendar and anticipated
milestones; opportunities presented by preclinical data; and financial opportunities and requirements.
Forward-looking statements reflect management’s current beliefs and expectations and are subject to a variety of risks and uncertainties that may cause the
Company’s actual results, levels of activity, performance, achievement or success to be materially different from those anticipated by the statements. These
factors may include risk and uncertainties that are not yet known or determinable. Accordingly, you should not place undue reliance on forward-looking
statements.
Caution should be exercised when interpreting results from separate trials involving separate product candidates. There are differences in the clinical trial
design, patient populations, and the product candidates themselves, and the results from the clinical trials of distinct product candidates may have no
interpretative value with respect to our existing or future results. Similarly, caution should be exercised when interpreting results relating to a small number of
patients or individually presented case studies.
The information presented today is provided as of the date of this Presentation only and may be subject to significant changes at any time without notice.
Except as required by law, Nanobitiotix declines any obligation to update any forward-looking statements, whether as a result of new information, future events
or otherwise.
Important additional information about the risks and uncertainties to which the Company is subject are discussed in greater detail in the information that
Nanobiotix has published in its Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 7, 2021 and in its universal
registration document filed with the French Financial Markets Authority (Autorité des marchés financiers) under number D.21-0272 on April 7, 2021 (copies of
which are available on www.nanobiotix.com), as well as in any other reports filed with the SEC and the AMF.
This presentation is not, and should not be construed as, an offer of any securities and is not to be construed as providing investment advice. The information
is not directed to, or intended for use by, any citizen or resident of, or person located in, any jurisdiction where such direction or use would be contrary to law or
regulation or which would require any registration or licensing within such jurisdiction.

                                                                                                                                                                         2
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
Speaker Disclosures
         Jared Weiss                            Colette Shen                 Tanguy Seiwert                            James Welsh
Employment:                               Employment:                    Employment:                       Employment:
University of North Carolina              University of North Carolina   Bloomberg-Kimmell Institute for   University of Texas MD Anderson
Lineberger Comprehensive Cancer           Lineberger Comprehensive       IO/HNC Program, Johns
                                                                                                           Founder: Healios Oncology,
Center                                    Cancer Center                  Hopkins
                                                                                                           MolecularMatch.com, OncoResponse
Equity and Other Ownership                                                                                 Equity Ownership: Alpine, Checkmate, Mavu,
Interests: Achilles Therapeutics,         Research Support:              Advisory role:                    Legion Healthcare Partners, MolecularMatch,
Nektar, Vesselon, Iovance                                                                                  NanoRobotix, OncoResponse, Reflexion
Biotherapeutics, Achilles                 Nanobiotix, AstraZeneca        Nanobiotix, MSD/Merck,
Therapeutics, Nektar, Vesselon,                                          Regeneron, Innate Pharma,         Research Support: BMS, Incyte, GSK, Merck,
Iovance Biotherapeutics                                                  Bristol-Myers (BMS), eTheRNA,     Mavu, CheckMate, Nanobiotix, Alkermes,
                                                                         Surface Oncology                  Takeda, Varian
Research Support:
                                          Advisor:                       Steering Committee:               Trademarks: RadScopalTM
Merck, AstraZeneca/MedImmune,
Amgen, Carefusion, G1                     Nanobiotix                     BioNTech, Nektar, Astra-          Patents: MP470 (amuvatinib), MRX34
Therapeutics,Immunicum, Loxo/Lilly                                       Zeneca                            regulation of PDL1, XRT technique to
                                                                                                           overcome immune resistance
                                                                         Research funding (PI):
Consulting or Advisory Role:
                                                                                                           Joint steering committee: Nanobiotix
                                                                         Jounce; MSD/Merck; Astra-
AstraZeneca, EMD Serono,                                                 Zeneca                            Advisor: Nanobiotix, Astra Zeneca, Merck,
Genentech, Inivata, Celgene, G1                                                                            BMS, Legions Healthcare partners
Therapeutics, Jounce Therapeutics,                                       Trial funding (PI):
Abbvie, Rakuten, Nanobiotix, Azitra,                                                                       Scientific Advisory Board: RefleXion Medical,
                                                                         Bristol-Myers (BMS); Astra-
Eli Lilly, Blueprint Medicines, Pfizer,                                                                    MolecularMatch, OncoResponse, CheckMate,
                                                                         Zeneca; Nanobiotix,
Saatchi Wellness, Jazz                                                                                     Alpine, NanoRobotics, Xpheylum, GI
                                                                         MSD/Merck, Cue Therapeutics
Pharmaceuticals, Boehringer                                                                                Innovation, Mavu, Reflexion, Aileron
Ingelheim, Regeneron, Genmab,                                                                              Therapeutics, Ventana
SDP Oncology
                                                                                                                                                       3
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
8:00 AM ET           OPENING REMARKS

         • Jeffrey Bockman, PhD, EVP, Oncology Practice Head, Cello Health BioConsulting
Agenda
                  8:05 AM ET           NBTXR3 MODE OF ACTION

         • Laurent Levy, PhD, CEO and Founder, Nanobiotix

                                        OVERVIEW OF TREATMENT LANDSCAPE: PROMISE AND LIMITATIONS OF I/O, AND
                  8:10 AM ET            RATIONAL FOR COMBINATION-BASED APPROACHES IN I/O

         • Jared Weiss, MD, Associate Professor of Medicine, University of North Carolina Lineberger Comprehensive Cancer
           Center

                  8:20 AM ET           NANOBIOTIX STUDY 1100 SAFETY AND EFFICACY DATA PRESENTATION

         •Colette Shen, MD, PhD, Assistant Professor, Radiation Oncology
                 University of North Carolina Lineberger Comprehensive Cancer Center
         •Tanguy Seiwert, MD, Director, Head & Neck Cancer Oncology Disease Group, Co-Director Bloomberg-Kimmell Institute
               for IO/HNC Program, Assistant Professor, Oncology, Johns Hopkins
                                       NBTXR3 AS POTENTIAL COMBO AGNOSTIC PRODUCT, PRECLINICAL RATIONAL AND
                  8:40 AM ET           FUTURE OPPORTUNITY

         • James Welsh, MD, Associate Professor, University of Texas, MD Anderson Cancer Center
                                       DISCUSSION AND Q&A- IMPLICATIONS OF STUDY 1100 IN HEAD AND NECK CANCER
                  8:50 AM ET           SPACE

         • ALL
                  9:10 AM ET           SUMMARY CLOSE

         • Jeffrey Bockman, PhD, EVP, Oncology Practice Head, Cello Health BioConsulting
                                                                                                                     4
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
Introduction

     JEFFREY BOCKMAN, PhD
EVP, ONCOLOGY PRACTICE HEAD,
 CELLO HEALTH BIOCONSULTING

                               5
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
Checkpoint Inhibitors (“CPIs”) Have Reshaped the
Oncology Clinical Landscape & Market

                                                   6
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
And Immuno-Oncology (“IO”) Agents Are an Increasingly
Large Percentage of the Cancer Pipeline

                                                   7
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
But Next Gen IO Agents Have Struggled to Provide
Strong Clinical Combination Data With CPIs

                                                   8
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
Latest CRI Data: It Isn’t Getting Any Easier to Do
Clinical Development in IO

                                                     9
Can NBTXR3 turn anti-PD-1 non responders into responders and deepen anti-PD-1 response in naïve patients? - Nanobiotix
Nanobiotix Offers a Powerful Orthogonal Approach to
Modulate the TME & Augment CPIs & Other IO Agents

                                                      10
NBTXR3 Mode of Action

     LAURENT LEVY, PhD
CEO AND FOUNDER, NANOBIOTIX

                              11
Radiation Remains the Most Widely Used Oncology Treatment

                                                                                                                    Radiotherapy Is the most
                                                                                                                    common treatment…
                                                                                                                    % RECEIVING RTX                                         NUMBER OF PATIENTS
                                                                                                                    87% Breast cancer                                           1,800,000
                                                                                                                    77% Lung cancer                                             1,600,000
                                                  60%                                                               74% H&N                                                     700,000
18M
new patients
                                                               RTx                                                  58% Prostate                                                740,000
                                                                                                                    60% Rectum                                                  420,000
  per year
 diagnosed                                                                                                          49% Pancreas                                                225,000
 with cancer                                                                                                        80% CNS                                                     237,000
 worldwide
                                                                                                                    …                                                           …

                                                                                                                                                                                            12

                Source: * World Health Organization (2014); **RADIATION THERAPY EQUIPMENT – A global strategic business report 08/06 ; Delaney et al. 2015; Globocan 2018
But Still Presents Significant Unmet Medical Needs
                                                                                                   ...But still presents significant
                                                                                                   unmet medical needs

                                                                                                                             Inadequate local control
                                                                                                                             (Local invasion or systemic expansion)

                                                        60%                                                                  Inadequate systemic control
18M
new patients
                                                                     RTx
                                                                                                                             (metastatic patients)

  per year                                                                                                                   Acute and long-term AEs
 diagnosed
 with cancer
                                                                                                                             (dose de-escalation/re-irradiation)
 worldwide

                                                                                                                                                                   13

                Source: * World Health Organization (2014); **RADIATION THERAPY EQUIPMENT – A global strategic business report 08/06 ;
NBTXR3: Potential First-In-Class, Tumor Agnostic, Combination
Agnostic Radioenhancer

            Aqueous suspension of inorganic crystalline
            hafnium oxide (HfO2) nanoparticles

            Nanosized to enter the cell and designed to
            strongly absorb ionizing radiation

            Universal mode of action targeting all solid tumors

                                                                  14
NBTXR3: Potential First-In-Class, Tumor Agnostic, Combination
Agnostic Radioenhancer

            One-time intratumoral administration

            Remains in tumor

            Integrates into current patient flow, uses standard
            equipment and standard radiation therapy

                                                                  15
Radiotherapy (RT)                                                       NBTXR3
  NBTXR3                          Alone                                                          Activated by RT
                           Dose                                                              Dose
    Hyper-
Focused Dose
Delivery in the
                                                                                                                                   9X
                                                                                                                                   dose* around
                                                         Usual                                                                     nanoparticles
 Heart of the                                            dose
                                                         delivered
     Cell                                   Radiotherapy in the cell

                  X-Rays                                                       X-Rays                                                  Clusters of
                                                                                                                                       Nanoparticles

                                                                                                                                   Local absorption of
                                                                                                                                         energy

                      *Dose enhancement determined by Monte Carlo simulation (CEA Saclay, France). In vitro data. In House Data.

                                                                                                                                                         16
1- physical destruction of cancer cell for local control

                                                                         IRRADIATED lesion
                                                                                                                                                                                                                     Lesion Size

                                                                           Injected lesion
                                                                                                                                                                                                                      Decrease
                                                                                                                                                  Direct Cell Death
                 X-Rays                                                                                                                         (apoptosis, necrosis)

                                                                                                                                                                     Tumor
NBTXR3                                                                                                                                                               antigen

Universal                                                                                                                                                        Dendritic cell

                                                                        NON-IRRADIATED lesion
                                                                                                             Systemic Effect                                      activation
Mode of Action

                                                                             Non-Injected
                                                                                                                                                                                                              Local Effect
                                                                                                                                                                    CD4 & CD8 T
                                                                                                                                                                    cell activation

                                                                                                 2- subsequent effect priming the immune response
                                                                                                                                                                                      Maggiorella et al. Future Oncol. 2012;8(9):1167-1181;
                                                                                                                                                               Thariat et al. aInt J Radiat Oncol Biol Phys. 2019;105(1S):E651. Abs 3513.;
                                                                                                                                                                                             Marill et al. Radiother Oncol. 2019;141:262-266;
                                                                                                                                                                                       Zhang et al. Int J Nanomedicine. 2020;15:3843-3850;
                                                                                                                                                                                 Shen et al. J Clin Oncol. 2020;38(15_suppl):TPS3173-TPS.
                          The scientific information discussed in this presentation related to NBTXR3 is preliminary and investigative. NBTXR3 is not approved by the U.S.
                          Food and Drug Administration; therefore, no conclusions can nor should be drawn regarding the safety or effectiveness of the investigational product.                                                 17
Proof-of-Concept Established in randomized PII/III
and EU Marketing Authorization Secured in Soft Tissue Sarcoma

Doubling of Pathological Complete Response in Phase II/III   RESULTS

                    Pathological Complete Response           •   Achieved its primary endpoint of pathological CRR
                                  Rate                       •   Achieved its secondary endpoint in quality of
                         -ITT Full Analysis Set                  margins (R0)
                                                             •   Demonstrated long-term persistent bioavailability
        20                   p-value 0.0448*                 •   No impact on patient ability to receive planned
        18                                                       dose of RT
        16
                                                             PUBLISHED IN LANCET ONCOL. 2019
        14         16.1%
        12

        10

         8

         6
                                               7.9%
         4

         2

         0
             NBTXR3 activated by RT     RT alone (N=89)
                   (N=87)

                                                                                                                     18
Focused Development Strategy

              Leverage Proof of Concept in Soft Tissue Sarcoma

         Secure Initial US Approval as a Single Agent in
  01              Locally Advanced HNSCC

         Establish NBTXR3 as a Pillar of Immunotherapy in
  02     Combination with Anti-PD-1 Agents in Advanced Cancers

         Expand Tumor-Agnostic and Combination-Agnostic
  03          Approaches Through Key Strategic Alliances

                                                                 19
Evaluating Tumor Agnostic, Combination Agnostic NBTXR3
                                      Capabilities
                                                                                                                                                                                                                                                                 Strategic
                                     Indication                                                                                      IND              Phase I                Phase II               Phase III                 Post market                         Partner                                   2021 Milestones

                                                            Study 301: STS of Extremity & Trunk Wall
                                     Soft Tissue Sarcoma
                                                            Study 401: STS of Extremity & Trunk Wall
         Single Agent

                                                            Study 102: Locally Advanced H&N                                                                                                                                                                                                    Expansion Data: Q2 21
                                     Head & Neck
                                                            Nanoray 312: Locally Advanced H&N*                                                                                                                                                                                                 Phase III Initiation: H2 21

                                     Liver                  Study 103: Hepatocellular & Liver Mets

                                     Pancreas               Locally Adv. or Borderline Resectable

                                     NSCLC                  Re-irradiation, Locoregional recurrence                                                                                                                                                                                            Expected Phase I Initiation: H1 21

                                     Recurrent
                                     Head & Neck, Lung or   Study 1100: H&N, Lung or Liver Metastasis                                                                                                                                                                                          Data Update: Q2 21
                                     Liver Metastasis
                    +Immunotherapy

                                                            Inoperable Locoregional Recurrent
                                                                                                                                                                                                                                                                                               Expected Phase I Initiation : H1 21
                                                            (Re-Irradiation)
Combination

                                     Head & Neck
                                                            R/M with Limited PD-L1 Expression
                                                            or Refractory                                                                                                                                                                                                                       Expected Phase II Initiation : H1 21

                                                            Advanced Solid Tumors with Lung
                                     Solid Tumors           Or Liver Metastasis with anti-CTLA-4                                                                                                                                                                                               Expected Phase I Initiation : H1 21
                                                            And Anti-PD-1/L1 plus RadScopalTM

                                     Esophagus              Adenocarcinoma                                                                                                                                                                                                                     Initiated Q1 21
                    +Chemo

                                                                                                                                                                                                                                                                                           Positive P1 Results and RP2D Reported at
                                     Rectal                 Locally Advanced or Unresectable*
                                                     CONFIDENTIAL                                                                                                                                                                                                                          ASCO GI3 May 2021 20
   *Phase I/II Study initiated by former partner, PharmaEngine. In conjunction with the termination of the license and collaboration agreement, PharmaEngine will implement the early termination and wind-down of this clinical trial in accordance with good clinical practice guidelines. The trial will be deemed completed when all enrolled
   patients have reached “end-of-study” and PharmaEngine issues a final study report in accordance with good clinical practice guidelines
Overview of Treatment Landscape in HNSCC: Promise and
                     Limitations of IO
                           and
      Rationale for Combination-Based Approaches

                             Jared Weiss, MD
                      Associate Professor of Medicine
  University of North Carolina Lineberger Comprehensive Cancer Center

                                                                        21
The Promise and Limitations of IO Agents
          IO has been practice changing and life changing for many                                                                                         ……….But continues to leave many patients out in the
                                                patients with cancer                                                                                                            “cold”

                            KEYNOTE-177 in mMSI-H/dMMR CRC (1)                                                                                                            KEYNOTE-048 in R/M HNSCC (4)
                                                                                               Pembrolizumab
                                                                                               Chemotherapy                                                                                                                Pembrolizumab alone
                                                                                                                                                                                                                           Cetuximab with chemotherapy

                                                                                                                                                                          PFS (%)
                                      PFS (%)

                                                                                   HR 0.6, 95% CI, 0.45-0.80), P=0.0002
                                                                                                                                                                                                                       HR 0.92, 95% CI, 0.77-1.10),
                                                                                                                                                                                                                       P=0.1697

                                  No. at risk                                                                                                                           No. at risk
                              Pembrolizumab                                                                                                                   Pembrolizumab alone
                               Chemotherapy                                                                                                                       Cetuximab + CT

KEYNOTE-010 in 2L PD-L1+ adv. NSCLC (2)                                        KEYNOTE-002 in mMelanoma (3)                                      KEYNOTE-061 in 2L adv. Gastric (5)                               4 Accelerated Approvals with IO agents see
                                                                                                                                                                                                                  Voluntary withdrawal- FDA
                                                                                                               Pembrolizumab 2 mg/kg                                                    Pembrolizumab
                                        Pembrolizumab 2 mg/kg*                                                                                                                          Paclitaxel
                                        Pembrolizumab 10 mg/kg**                                               Pembrolizumab 10 mg/kg
                                        Docetaxel                                                              Chemotherapy
                                                                                                                                                                                    HR 1.27 (95% CI, 1.03-1.57)
                                                                                                                                                                                                                  •   Nivolumab for mSCLC

                                                                                                                                                 PFS (%)
                PFS (%)

                                   * HR 0.59, 95% CI, 0.44-0.78,                                           * HR 0.57, 95% CI, 0.45-0.73,
                                                                                     PFS (%)

                                   P=0.0001
                                   ** HR 0.59, 95% CI, 0.45-0.78,
                                                                                                           P=0.0001
                                                                                                           ** HR 0.50, 95% CI, 0.39-0.64,
                                                                                                                                                                                                                  •   Durvalumab for LA/metastatic
                                   P=0.0001                                                                P=0.0001
                                                                                                                                                                                                                      urothelial carcinoma
                                                                                                                                                                                                                  •   Pembrolizumab for treatment of
                                                                                                                                                                                                                      patients with mSCLC
                                                                                   No. at risk
                                                                      Pembrolizumab 2 mg/kg
                                                                                                                                                                                                                  •   Atezolizumab for LA or metastatic
              No. at risk
 Pembrolizumab 2 mg/kg
                                                                     Pembrolizumab 10 mg/kg
                                                                                                                                                No. at risk
                                                                                                                                                                                                                      urothelial carcinoma
                                                                               Chemotherapy                                                 Pembrolizumab
Pembrolizumab 10 mg/kg
                                                                                                                                                Paclitaxel
              Docetaxel

                                                (1) André et al. NEJM 2020; (2) Herbst et al. Lancet 2015 (3) Ribas et al. Lancet Oncol 2015; (4) Burness et al. Lancet 2019; (5) Shitara et al. Lancet 2018.                                          22
                                                PFS = progression-free survival
Even Among “Hot” Tumor Types, Most Patients Experience
Primary or Secondary Resistance

                                                                   KEYNOTE-048 in R/M HNSCC

                                  12-mo rate
                                  19.6%
                                  11.9%
                                                                                                                                      Primary resistant patients
                                                                                                  Median (95% CI)
                                                                    24-mo rate                    3.2 mos (2.2-3.4)
                                                                    11.2%                         5.0 mos (4.8-5.8)
                                                                    5.4%

                                                                                                                                       Secondary resistant patients
                                                                                                                                       Long term responders

                                                               Months

          *Burtness B, et al. “Pembrolizumab alone or with chemotherapy versus cetuximab with chemotherapy for recurrent or metastatic squamous cell carcinoma of the head and neck   23
          (KEYNOTE-048): a randomized, open-label, phase 3 study.” Lancet. 2019 Nov 23;394(10212):1915-1928.
Less than 13% of eligible patients respond to checkpoint inhibitors

                                                                                                                                                  24
          JAMA Network Open. 2019;2(5):e192535. doi:10.1001/jamanetworkopen.2019.2535 (Downloaded From: https://jamanetwork.com/ on 04/29/2021)
New IO Trials in combination with RT in HNSCC show no improvement in
   outcome
        PEMBRORAD STUDY (1)                                                                                                 JAVELIN STUDY (2)                MSKCC: NIVO vs NIVO+SBRT (3)
Pembro-RT does not improve outcome vs cetux-RT                   Addition of avelumab to CRT does not improve outcome                                           Addition of RT to nivo does not improve OS
                                                                                                                                 OS
                OS                            PFS
                                                                                                                                                                                            OS

                                                                        Overall Survival
                                  LRC                                                                                            PFS

                                                                                           Progression Free survival (%)l

                           1.   Yao et al. Pembrolizumab versus cetuximab, concomitant with radiotherapy (RT) in LA-HNSCC: Results of the GORTEC 2015-01 “PembroRad” randomized trial Annals of Oncology
                                (2020) 31 (suppl_4): S1142-S1215.
                           2.    Avelumab plus standard-of-care chemoradiotherapy versus chemoradiotherapy alone in patients with locally advanced squamous cell carcinoma of the head and neck: a randomised, double-blind,   25
                                placebo-controlled, multicentre, phase 3 trial
                           3.   McBride S. et al.. A Randomized Phase II Trial of Nivolumab With SBRT Versus Nivolumab Alone in Metastatic Head and Neck Squamous Cell Carcinoma J Clin Oncol 39:30-37. 2020
The Unique Potential of NBTXR3

                          Illustrative Purposes Only                 PMID: 19707528

                           NBTXR3 designed to addresses both local and distant
                                               control

                                                                                      26
Rationale for combining NBTXR3 with immunotherapy

            cGAS-STING                                                                      A primary physical MOA that is tumor agnostic
micronuclei      IFNb
                                                                                            Triggering subsequent multiple biological
                                   TAA release                                              pathways for priming adaptative immune
                                                                                            response
                                        ATP                    ICD
                                                                                            Physical priming: potential CPi agnostic agent

                                               HMGB1
                                                                                            There is a high unmet need and NBTXR3 may:
                                                                                                    ▪         Enhance the therapeutic index of radiotherapy
                         Calreticuline                                                                        maximizing local effect,
                                                                                                    ▪         Increase the local efficacy of immunotherapy, and
                   Immunopeptidome                                                                  ▪         Improve distant tumor control via a systemic effect

               Other                                                                                ▪         Potential long-term effect with memory t-cells
                            IO= immuno-oncology; RT = radiotherapy.                                                                                               27
                            1. Sharma et al., Cell. 2015. 2. Hwang Wl et al., Nat Rev Clin Oncol. 2018. 3. Postow MA, et al., N Engl J Med. 2012
Starting the IO Fire with NBTXR3

           “Cold” Tumor          Add in IO   No Change

    “Spark” with NBTXR3 and RT   Add in IO   “Hot” Tumor

                                                           28
Study 1100: Overall Results

                        Colette Shen, MD, PhD
               Assistant Professor, Radiation Oncology
University of North Carolina Lineberger Comprehensive Cancer Center

                                                                      29
Study 1100

              Phase I study of intratumoral NBTXR3 in
                           combination with
             Anti-PD-1 in patients with advanced cancers

     Colette Shen1, Jessica Frakes2, Jiaxin Niu3, Jared Weiss1, Jimmy Caudell2, Katherine
     Jameson4, Patricia Said4, Tanguy Seiwert5

     1-University of North Carolina School of Medicine, Chapel Hill, North Carolina, USA; 2-Moffitt Cancer Center, Tampa, Florida, USA; 3-Banner
     MD Anderson Cancer Center, Gilbert Arizona, USA; 4-Nanobiotix, Paris, France; 5-Johns Hopkins Medicine, Baltimore, Maryland, USA

                                                                                                                                                   30
Study 1100
Study 1100:
A phase I study of NBTXR3 activated by radiotherapy for patients with advanced cancers treated with an Anti-PD-1 therapy.

      Head and –Neck
        HNSCC    Cohort 1
                     cancers                               Mets – Cohort 2
                                                      Lung mets                                           Mets – Cohort 3
                                                                                                    Liver mets
                                                                                                    Liver

•   Inoperable LRR or R/M HNSCC                •   Cancer metastasized to the lung            •   Cancer metastasized to the liver
•   Tumor in previously irradiated field       •   Tumor not previously irradiated            •   Tumor not previously irradiated
•   Amenable to re-irradiation                 •   Indicated to receive Anti-PD-1             •   Indicated to receive Anti-PD-1
•   Anti-PD-1 naïve or non-responder           •   Anti-PD-1 naïve or non-responder           •   Anti-PD-1 naïve or non-responder

                                                                                                                                     31
Study 1100: Phase I Basket Trial of NBTXR3 in Combination with
Anti-PD-1 Checkpoint Inhibitors
    Patients with recurrent head & neck cancer or with lung or liver metastases from any primary
                                cancer eligible for anti-PD-1 therapy

                                                    1
                                                        LRR or R/M HNSCC
                                                         35Gy will be delivered in
    Key Inclusion Criteria                                 5 fractions of 7Gy                 Endpoints

•       Anti-PD-1 Naïve; or                                                          •   Primary: Recommended
•       Anti-PD-1 Resistant:                        2                                    Phase 2 Dose
                                       Anti-PD-1
    •     meets criteria                                 Lung Metastases
          consistent with anti-PD-
                                      washout for                                    •   Secondary: ORR, Safety
                                                         45Gy will be delivered in
          1 primary resistance , or      non-              5 fractions of 9Gy
                                                                                         and Feasibility, and Body-
                                      responders                                         Kinetics
    •     meets criteria
          consistent with anti-PD-                                                   •   Exploratory: Survival
          1 secondary resistance                    3                                    Outcomes, Duration of
                                                                                         Response, and
                                                         Liver Metastases                Biomarkers of Response
                                                         45Gy will be delivered in
                                                           3 fractions of 15Gy

                                                                                                                      32
Study 1100: Graphical Study Design

  Screening                                                        Treatment period                                                           Follow-up
Anti-PD-1 washout for non-                               NBTXR3 injection, RT activation, and anti-PD-1 combination                       Continued anti-PD-1 for all
       responders
                                                                        Cohort 1: LRR or R/M HNSCC
                                                                    35Gy will be delivered in 5 fractions of 7Gy
                                                                         Cohort 2: Lung Metastases
                                                                    45Gy will be delivered in 5 fractions of 9Gy
                                                                          Cohort 3: Liver Metastases
                                                                   45Gy will be delivered in 3 fractions of 15Gy

                                       Radiation                                                                      Radiation
          Inclusion/Exclusion,         Therapy                                                                        Therapy
             Tumor volume              Planning                      Radiation Therapy                                Recovery
                                         5-14d total                        5-15d total                                4w total

 D -28                           D1 D2                 D7-16                                          D13-32                             D40-59

         NBTXR3 Administration                                                      PD-1 administration                           EoT Visit

                NBTXR3 visualization

                                                                                                                                                                        33
16 Patients Treated Across 3 Cohorts
                                  Cohort 1 (H&N Re-Irradiation)                                                Cohort 2 (Lung Mets)                                Cohort 3 (Liver Mets)

     n=16

  Patient No.      A         D          F         J         K         L          N              B         C         E         H          O         P               G             I      M

    Primary
                  H&N       H&N       H&N       H&N        H&N       H&N       H&N            H&N       Lung       H&N       Lung      H&N       H&N             H&N            Lung   H&N
    Tumor

    Prior
                  Naïve    1° NR      Naïve     Naïve     Naïve     1° NR      Naïve          2° NR     1° NR     1° NR     1° NR      Naïve     1° NR           2° NR      1° NR      Naïve
   Anti-PD-1

    PD-L1
                  Unk       Unk        Unk       Neg       Pos       Neg       Pos             Unk       Pos       Unk       Neg       Pos        Unk            Pos            Neg    Neg
  Expression

  Study 1100
                   CR       SD*        Unk       PR        N/A       SD         SD             PR        PR         SD        PD        PR        Unk             CR            SD      SD
     BOR

  Study 1100
                    1         4         2         0         1         0          0              0         0         2          6         0         0               0             0      0
     SAEs

                                     *Patient D is classified SD as per RECIST 1.1 but had a complete pathological response based on a biopsy sample located in target lesion                  34

Source: NBTXR3-1100 - Cut-off date:23Apr2021
AE Profile Has Not Differed in Type Or Grade From What Is
         Expected with RT or Anti-PD-1 Agents
           SAE NBTXR3 or injection-related event, by PT and worst NCI-CTCAE grade – All treated population

                                                                                    Level 1 (22%)                                       Level 2 (33%)

                                                           Cohort 1                   Cohort 2                  Cohort 3                  Cohort 2
                           Cohort/# Patients                HNSCC                    Lung Mets                 Liver Mets                Lung Mets                  Overall
                                                              N=7                       N=4                       N=3                       N=2                      N=16
                                                         Grade Grade               Grade Grade               Grade Grade               Grade Grade               Grade Grade
                            Preferred Term
                                                          1-2     3+                1-2      3+               1-2      3+               1-2      3+               1-2     3+

                         Fall                                0            0            0            1            0            0            0            0            0            1

                         Hyperglycemia                       0            1            0            0            0            0            0            0            0            1

                         Pneumonitis                         0            1            0            0            0            0            0            0            0            1

                         Soft Tissue Necrosis                0            1            0            0            0            0            0            0            0            1
                         Note: Incidence is calculated as the number of patients with at least an AE in a given category (PT, grade) on the total number of
                         patients, by level and cohort or overall.

                                    *1 HNSCC anti-PD-1 naïve patient (cohort 1) died from pneumonitis ~2 months post-NBTXR3 injection, related to anti-PD-1 and possibly related to NBTXR3   35

Source: NBTXR3-1100 - Cut-off date:23Apr2021
10 Out of 13 Evaluable Patients Had Tumor Regression
                                          Regardless of Prior Anti-PD-1 Exposure

                                                          Best Observed Response by RECIST 1.1 as per Investigator Assessment
                                                                      By Primary Tumor                                                                                            By Previous Exposure to Anti-PD-1 Therapy

                                                                            HNSCC       NSCLC                                                                                                  Anti-PD-1   naïve   Anti-PD-1 non-responder

                                           40                                                                                                                           40
                                                                                                                          PD                                                                                                                          PD

                                                                                                                                  All target lesions sum of diameters
    All target lesions sum of diameters

                                           20                                                                                                                           20

                                                                                                                                        change from baseline (%)
          change from baseline (%)

                                            0                                                                                                                            0
                                                                                                                          SD                                                                                                                          SD
                                                                                                                                                                        -20
                                           -20                          *                                                                                                                              *
                                           -40                                                                                                                          -40

                                           -60                                                                                                                          -60
                                                                                                                          PR                                                                                                                          PR

                                           -80                                                                                                                          -80

                                                                                                                **                                                                                                                               **   CR
                                          -100                                                                            CR                                      -100
                                     Patient: H   I   M    N      L     D     E     J      C    B    O     A     G                                        Patient:            H    I   M   N   L      D        E   J     C       B       O   A   G

                                                               *patient D: pCR based on biopsy sample located in the target lesion; **Unconfirmed Response                                                                                                 36

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Tumor Regression in 76.9% of Evaluable Patients Regardless of
         Prior Anti-PD-1 Exposure

                                                   *Of which 1 pCR based on biopsy sample located in the target lesion (patient D)
                                                   **Clinically meaningful regression defined as > 10% regression in all target lesions from baseline

                                               1. Ott PA, Bang YJ, Piha-Paul SA, Razak ARA, Bennouna J, Soria JC, et al. T-Cell-Inflamed Gene-Expression Profile, Programmed Death Ligand 1 Expression, and Tumor          37
                                               Mutational Burden Predict Efficacy in Patients Treated With Pembrolizumab Across 20 Cancers: KEYNOTE-028. J Clin Oncol. 2019;37(4):318-27. 2.Gong J, Chehrazi-Raffle A,
                                               Reddi S, Salgia R. Development of PD-1 and PD-L1 inhibitors as a form of cancer immunotherapy: a comprehensive review of registration trials and future considerations. J
Source: NBTXR3-1100 - Cut-off date:23Apr2021   Immunother Cancer. 2018;6(1):8.
Study 1100: Response by Prior Anti-PD-1 Exposure

                      Tanguy Seiwert, MD
    Director, Head & Neck Cancer Oncology Disease Group,
  Co-Director Bloomberg-Kimmell Institute for IO/HNC Program,
         Assistant Professor, Oncology, Johns Hopkins

                                                                38
Deep Responses Maintained Over Time Regardless of Anti-PD-1
         Exposure
                                                                                            PD-1 Naive (ASCO 2021
                                                                                                   Anti-PD-1      Data)
                                                                                                                Naïve

                                               All target lesions sum of diameters
                                                                                      50

                                                     change from baseline (%)
                                                                                                                                        PD   A
                                                                                       20                                                    J
                                                                                        0                                                    M
                                                                                                                                        SD
                                                                                                                                             N
                                                                                      -30                                                    O
                                                                                      -50
                                                                                                                                        PR

                                                                                     -100                                               CR
                                                                                            0   100 200 300 400 500 600 700
                                                                                                        Study Day
                                                                                     • 4 of 5 evaluable patients had tumor regression

                                                                                     • 60% (3/5) of patients had investigator-assessed
                                                                                       objective response, including 1 CR by RECIST 1.1
                                                                                                                                                 39

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Deep Responses Maintained Over Time Regardless of Anti-PD-1
         Exposure
                                                                                           PD-1 Anti-PD-1
                                                                                                Non-Responders (ASCO 2021 Data)
                                                                                                            Non-Responders

                                                   All target lesions sum of diameters
                                                                                          50

                                                         change from baseline (%)
                                                                                                                                            PD   B
                                                                                           20                                                    C
                                                                                            0                                               SD   D
                                                                                                                                                 E
                                                                                          -30                                                    G
                                                                                          -50                                *                   H
                                                                                                                                            PR
                                                                                                                                                 I
                                                                                                                                            CR   L
                                                                                         -100
                                                                                                  0      100      200      300     400
                                                                                                            Study Day
                                                                                         • 6 of 8 evaluable patients had tumor regression

                                                                                         • 50% (4/8) had investigator-assessed objective
                                                                                           response (1 CR and 2 PR by RECIST 1.1, and 1 pCR)
                                    *Patient D: pathological CR (pCR) based on biopsy sample located in the target lesion                            40

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Possible Immune Response and Abscopal Effect?
                                                      Stage IV NSCLC –                                                                                    Stage IV NSCLC –                                                               Stage IV HNSCC –                                                                         Stage IV HNSCC – naïve (J)
                                                      non responder (C)                                                                                   non responder (I)                                                              non responder (L)                                            PD-L1 expression is equal to 0% by TPS at baseline
                                                      14 months ongoing survival                                                                           9 months ongoing survival                                                     4 months ongoing survival                                                                                            4 months ongoing survival

                                                                                                                                                                                                                    Baseline%(%)
                               Baseline%(%)

                                                                                                                                             %(%)
                                                  Non-NBTXR3-Injected lesions

                                                                                                                                                                                                                                                                                                                                          Change,(%)
                                                                                                                                                                                                                                                                                                                                                  %
                                                                                                                                      Baseline
                                                     are Non-Target lesions
                          from Change,

                                                                                                                                                                                                                                                                        50

                                                                                                                                                                                                               fromChange,

                                                                                                                                                                                                                                                                                                                                   from Baseline
                                                                                                       50

                                                                                                                                 fromChange,
                                      50 50                                                                                                                                                                                        50                                                                                                                   50

                                                                                                                                                                                                                                              Best Overall Change, %
                                                                              Best Overall Change, %
                                                                                                                                                    50                                                                                                                                                                                                                                         NBTXR3 Injecte
             Best Overall Change, %

 PD                                                                           PD                         PD                                                   NBTXR3 Injected
                                                                                                                                                                       PD                                                          NBTXR3 Injected                                      PD            PD Injected
                                                                                                                                                                                                                                                                                                   NBTXR3                                                                                 PD
                                                                                                                                                                                PD
                                         20 20                                                          20                                                    Non-NBTXR3-Injected                                                   20           20                                                Non-NBTXR3-Injected 20                                                                      Non-NBTXR3-In
                                                                                                                                                     20                                                                            Non-NBTXR3-Injected

                                                                                                                                                                                                                                                                                                                                  Lesions
                      Lesions

                                                                                                                                                                                                            Lesions
                                                                                                        0                                                                                                                                         0

                                                                                                                             Lesions
 SD                                           0   0                                                                                                           Non-NBTXR3-Injected
                                                                                                                                                                      SD                                                             0                                                             Non-NBTXR3-Injected 0
                                                                              SD                         SD                                          0                          SD                                                 Non-NBTXR3-Injected                                  SD             SD                                                                                 SD

                                                                                                                                                                                                       Change
                 Change

                                                                                                                        Change
                                     -30 -30                                                           -30                                                                                                                         -30                                  -30                                                                             -30

                                                                                                                                                                                                                                                                                                                           Change
                                                                                                                                                    -30

                                                                                                                                                                                                                                                                                                                   All Measurable
       All Measurable

                                                                                                                                                                                             All Measurable
                                                                                                       -50
                                                                                                              All Measurable
                                 -50 -50                                                                                                            -50                                                                            -50                                  -50                                                                             -50
 PR                                                                           PR                         PR                                                               PR                                                                                                            PR                                                                                                PR
                                                                                                                                                                                       PR                                                                                                              PR

                                                                                                                                                                                            Diameters
      Diameters

                                                                                                              Diameters

                                                                                                                                                                                                                                                                                                                 Diameters
 CR                                                                           CR-100CR                                                                                    CR                                                                                                            CR                                                                                                CR
                         -100-100                                                                                                               -100                                   CR                                      -100                                                                    CR                                              -100
                                                           0                                                                                     0              100                                                                                                    -100
                                                      0          100 100    200                                                                                 0          100                                                                0                               100                                                                                  0           100
                                                          Study Day                                                             Study Day                                                                                                                                           0        100
                                                            Study Day                                                                    Study Day                                                                                          Study Day                                                                                                            Study Day
                                                                                                                                                                                                                                                                               Study Day

                                                                  3/4 NR patients experienced tumor                                                                                                                                                                                                  1/1 naïve patient experienced tumor
                                                                reduction in lesions that did not receive                                                                                                                                                                                          reduction in lesions that did not receive
                                                                                NBTXR3*                                                                                                                                                                                                                            NBTXR3
                                                                           *lesion may have received low-dose radiation due to vicinity to targeted treatment area                                                                                                                                                                                                                              41

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Possible Immune Response and Abscopal Effect?

                                                                                          Stage IV NSCLC –                                                                                    Stage IV NSCLC –
                                                                                          non responder (C)                                                                                   non responder (C)

                                                                                                                                             All target lesions sum of diameters
                                                                  Baseline%(%)
                                                                                        Non-NBTXR3-Injected lesions
                                                                                           are Non-Target lesions                                                                         *

                                                                                                                                                   change from baseline (%)
                                                             from Change,
0                                                                                 50                                                                                                50
                                    PD                                                                                PD   NBTXR3 Injected                                                                          PD
20                                                                                                                                                                                   20
                                                                                   20                                      Non-NBTXR3-Injected
                                                          Lesions

0                                                                                                                                                                                    0
                                    SD                                             0                                  SD   Non-NBTXR3-Injected                                                                      SD
                                                     Change

30                                                                                -30                                                                                               -30
                                           All Measurable

0                                                                                 -50
                                    PR                                                                                                                                              -50
                                                                                                                      PR                                                                                            PR
                                          Diameters

0                                   CR                                                                                CR
                                                                                 -100                                                                                                                               CR
         0        100      200                                                            0        100       200
                                                                                                                                                                                   -100
             Study Day                                                                        Study Day                                                                                   0          100      200
                                                                                                                                                                                               Study Day

                             NR patient experienced tumor reduction in                                                                  Treatment changed dynamic of all lesions
                               lesions that did not receive NBTXR3**                                                                         from progression to regression

                                         *RT activation ; **lesion may have received low-dose radiation due to vicinity to targeted treatment area                                                                       42

     Source: NBTXR3-1100 - Cut-off date:23Apr2021
Possible Immune Response and Delayed Complete Response?

                                                                                   Stage II HNSCC – non                                                                       Stage IV HNSCC – non

                                                                                                                                 All target lesions sum of diameters
                                                                                       responder (D)                                                                              responder (G)

                                  All target lesions sum of diameters
                                                                                                                                                                        50

                                                                                                                                       change from baseline (%)
                                                                         50

                                        change from baseline (%)
                                                                                                                 PD                                                                                   PD
                                                                          20                                                                                             20

                                                                          0                                                                                              0                            SD
                                                                                                                 SD
                                                                         -30                                                                                            -30
                                                                                                     **                                                                 -50
                                                                         -50
                                                                                                                 PR                                                                                   PR

                                                                                                                 CR                                                    -100                           CR
                                                                        -100
                                                                               0      100    200    300   400                                                                  0    100   200   300
                                                                                        Study Day                                                                                  Study Day

                                                                            1 NR patient had delayed                                                             1 NR patient had durable
                                                                          tumor regression 5-6 months                                                           deepening of response with
                                                                          after treatment, then pseudo-                                                              unconfirmed CR
                                                                         progression followed by pCR**

                                                *Patient D: pathological CR (pCR) based on biopsy sample located in the target lesion                                                                      43

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Sustained Response in Anti-PD-1 Naïve Patients

                                                                                                Complete Response
                 K, Cohort 1                                                                    Partial Response
                                                                                                Stable Disease
                 F, Cohort 1                                                                    Progressive Disease
                                                                                                On-Study Survival
                                                                                                Off-Study Survival
                 O, Cohort 2
                                                                                                Death

                 N, Cohort 1

                M, Cohort 3

                 J, Cohort 1

                 A, Cohort 1

                                 0             3   6         9          12         15              18              21
                                                       Months since NBTXR3 Injection
                                                                                                                                     44

Source: NBTXR3-1100 - Cut-off date:23Apr2021
                                                                                        Cohort 1: H&N, Cohort 2: Lung, Cohort 3: Liver
Sustained Response in Anti-PD-1 Non-Responder Patients

                                                                                                                            Complete Response
                 P, Cohort 2
                                                                                                                            Partial Response
                 H, Cohort 2                                                                                                Stable Disease
                                                                                                                            Progressive Disease
                  I, Cohort 3                                                                                               On-Study Survival
                                                                                                                            Off-Study Survival
                 E, Cohort 2                                                                                                Death

                 L, Cohort 1

                 B, Cohort 2

                 C, Cohort 2

                G, Cohort 3

                 D, Cohort 1                                                                         *

                                0                  3                 6                 9                  12   15              18              21
                                                                            Months since NBTXR3 Injection
                                    *Patient D: pCR based on biopsy sample located in the target lesion                                                          45

Source: NBTXR3-1100 - Cut-off date:23Apr2021
                                                                                                                    Cohort 1: H&N, Cohort 2: Lung, Cohort 3: Liver
Transforming Non-Responders into Responders

                                                      ILLUSTRATIVE
                                                                                                                                         NR who responded                        4 / 8*

                                                                                                                                         NR who experienced
                                                                                                                                         clinically meaningful°                  6/8
                                                                                                                                         tumor reduction

                                                                                                                                         NR with reduction in                    3 / 4**
                                                                                                                                         non-injected lesions

                                                                                                                                         Naïve patients who                      3/5
                                                                                                                                         responded

                                                                            Months

                                    *Of which 1 pCR based on biopsy sample located in the target lesion (patient D), **Of which 1 subject with reduction in non-target lesions            46
                                    °Clinically meaningful regression defined as > 10% regression in all target lesions from baseline
Source: NBTXR3-1100 - Cut-off date:23Apr2021
Conclusions
         •     NBTXR3 administration by intratumoral injection was feasible and well tolerated in all patients
         •     AE profile has not differed in type or grade from what is expected with RT or anti-PD-1 agents
         •     Regardless of prior anti-PD-1 exposure, 10 out of 13 patients evaluable for tumor response on
               study had tumor regression
         •     These data support continued development of NBTXR3/RT in combination with anti-PD-1 across
               multiple tumor types regardless of prior IO exposure
         •     This study suggests that the combination of NBTXR3/RT and anti-PD-1 can yield a sustained
               response in both anti-PD-1 naïve patients and patients having progressed on prior anti-PD-1
               therapy
         •     NBTXR3/RT could be a promising next step after anti-PD-1/ICI resistance
         •     NBTXR3/RT has demonstrated potential to stimulate an immune response and to turn anti-PD-1
               non-responders into responders

                                                                                                                 47

Source: NBTXR3-1100 - Cut-off date:23Apr2021
NBTXR3 as potential combo agnostic product, preclinical rational
                    and future opportunity

                          James Welsh, MD
                    Professor, University of Texas,
                    MD Anderson Cancer Center

                                                                   48
Pre-Clinical Models: NBTXR3 ability to provide
Systemic Responses

Antitumor Immune
    Response

                       RadScopal™ + anti-PD1 +
                            anti-CTLA4

                                                 Abscopal Effect

                                                                   49
Anti-tumor immune response without Cpi - Abscopal effect
CT26
Colon (mouse)

                                                                ***
                                                                      *

                ImmunoRad 2018   Cumul of 2 independent experiments       50
                SITC 2018
Anti-tumor immune response (In vivo – Priming)
CT26
Colon (mouse)

                ImmunoRad 2017                      51
Immune checkpoint inhibitors reactivate anti-tumor immune
response

 Tumor cells can escape the immune                                                           Immuno-therapy strategy is to
 system by expressing surface receptors                                                      reactivate the immune system by
 that act as switch to stop the immune                                                       relieving this brake → anti-PD(L)-1
 response

                       PD-1 = programmed cell death 1; PD-L1 = programmed cell death ligand 1
                                                                                                                                   52
                       Cancer immunotherapy: PD-1 and beyond. www.smartpatients.com/targets/PD-1. Accessed October 12, 2020.
                       Jordan BR, Med Sciences, 2016
Anti-tumor immune response - Abscopal effect
Combination with anti-PD1

 Mouse lung cancer anti-PD1 resistant cell line
Cell line: 344SQ-R

 Treatment with NBTXR3,
 radiation (XRT), and anti-PD1
 delays the growth of primary
 and secondary tumors,
 improves survival rates, and
 reduces the number of
 spontaneous lung metastases
 in 344SQR model.

                                                  53
                     Submitted article
Anti-tumor immune response - Abscopal effect
 Combination with anti-PD1

  Mouse lung cancer anti-PD1 resistant cell line   NanoString on secondary
                                                                     tumor
 Cell line: 344SQ-R

NBTXR3 regulates the expression of
immune-related genes in the secondary
tumors against cancer cells.

                                                                             54
                      Submitted article
Anti-tumor immune response - Abscopal effect
Combination with anti-PD1

 Mouse lung cancer anti-PD1 resistant cell line   NanoString on secondary
                                                                    tumor
                                                                            NBTXR3 regulates the
Cell line: 344SQ-R
                                                                            expression of immune-
                                                                            related genes in the
                                                                            secondary tumors against
                                                                            cancer cells

                                                                                                       55
                     Submitted article
Anti-tumor immune response - Abscopal effect
Combination with anti-PD1

 Mouse lung cancer anti-PD1 resistant cell line
Cell line: 344SQ-R

                                                  Can we improve
                                                  response by avoiding
                                                  CD8 exhaustion? Same
                                                  experiment performed
                                                  with addition of anti-
                                                  LAG3+anti-TIGIT

                                                                           56
                     Submitted article
Anti-tumor immune response - Abscopal effect
Combination with anti-PD1+anti-TIGIT+anti-LAG3

 Mouse lung cancer anti-PD1 resistant cell line
Cell line: 344SQ-R

                                                  57
                     AACR RSM 2021
Anti-tumor immune response - Abscopal effect
 Combination with anti-PD1+anti-TIGIT+anti-LAG3

  Mouse lung cancer anti-PD1 resistant cell line
 Cell line: 344SQ-R

Cured mice rechallenge experiment (tumor engraftment):
Combination therapy of NBTXR3+XRT+anti-PD1+anti-LAG3+anti-TIGIT produces a robust long-term anti-tumor immune
response and memory.

                                                                                                                58
                      AACR RSM 2021
Anti-tumor immune response - Abscopal effect
 Combination with anti-PD1+anti-TIGIT+anti-LAG3

  Mouse lung cancer anti-PD1 resistant cell line
 Cell line: 344SQ-R

Cured mice rechallenge experiment (flow cytometry analysis):
Combination therapy of NBTXR3+XRT+anti-PD1+anti-LAG3+anti-TIGIT produces a robust long-term anti-tumor immune
response

                                                                                                                59
                      AACR RSM 2021
Conclusion
▪   NBTXR3 +RT has an anti-tumor immune response and triggers an abscopal effect
    independent of checkpoint inhibitors

▪ Adding NBTXR3 (a radiation enhancer), to the combination of radiotherapy and anti-PD1
  significantly improves abscopal effect

▪   The combination therapy of NBTXR3+XRT+anti-PD1+anti-LAG3+anti-TIGIT (Combo) significantly
    promotes the proliferation activity of CD8+ T cells, improves tumor control, produces a long-
    term anti-tumor immune response and increases survival rate

▪   The anti-tumor efficacy of the NBTXR3+XRT+anti-PD1+anti-LAG3+anti-TIGIT combination is
    heavily dependent on CD4+ and CD8+ T cells

▪   The survivor mice from the group treated with the Combo therapy are immune to re-injection of
    tumor cells

▪   Combo therapy maintains a significantly higher percentage of memory CD4+ and CD8+ T cells as
    well as stronger anti-tumor immune activities than the control. This results in a long-term anti-
    tumor immune response

                                                                                                        60
Discussion and Q&A

    Jared Weiss, MD
  Tanguy Seiwert, MD
 Colette Shen, MD, PhD
   James Welsh, MD

                         61
Outlook of Best % Change from Baseline in HNSCC Trials:
                                   Anti-PD-1 Naïve (Literature Data)
                                                                                                                                                                         PD-1 Naïve Trials

                                                                                                                                                  Feladilimab + Pembro                   Eftilagimod + Pembro
                                                                                                                                                   INDUCE 1 – Anti-PD-1 Naïve              TACTI-002 – Anti-PD-1 Naïve
                                                         Best Observed Response by RECIST 1.1 as per
                                                                   Investigator Assessment
                                                          By Previous Exposure to Anti-PD-1 Therapy
                                                                     Anti-PD-1   naïve          Anti-PD-1 non-responder
      All target lesions sum of diameters

                                             40
                                                                                                                                        PD
            change from baseline (%)

                                             20

                                              0
                                                                                                                                        SD
                                            -20                                    *
                                            -40

                                            -60
                                                                                                                                        PR
                                            -80
                                                                                                                                                                                T VEC + Pembro
                                      -100                                                                                  ***         CR                                 MASTERKEY-232 – 2L Naïve
                                            Patient:H    I     M     N      L     D      E     J     C     B      O     A     G

                                                    *patient D: pCR based on biopsy sample located in the target lesion; **Unconfirmed Response

                                                                                                                                                                                                                         62

Source: Literature data and NBTXR3-1100 - Cut-off date: 23Apr2021
Outlook of Best % Change from Baseline in HNSCC Trials:
                                   Anti-PD-1 Non-Responders (Literature Data)
                                                                                                                                                            Anti-PD-1 Non-Responders Trials

                                                                                                                                                         Nivolumab                Eganelisib + Nivo
                                                         Best Observed Response by RECIST 1.1 as per                                              CHECKMATE 141 – Anti-PD-1 NR       MARIO 1 – CPI NR
                                                                   Investigator Assessment
                                                          By Previous Exposure to Anti-PD-1 Therapy
                                                                     Anti-PD-1   naïve          Anti-PD-1 non-responder
      All target lesions sum of diameters

                                             40
                                                                                                                                        PD
            change from baseline (%)

                                             20

                                              0
                                                                                                                                        SD
                                            -20                                    *
                                            -40

                                            -60
                                                                                                                                        PR
                                                                                                                                                  Monalizumab + Cetux              Debio + Anti-PD-1
                                                                                                                                                        Previous Anti-PD-1            Previous Anti-PD-1
                                            -80

                                      -100
                                                                                                                             **         CR
                                            Patient:H    I     M     N      L     D      E     J     C     B      O     A    *G

                                                                                                                                                                                             *
                                                    *patient D: pCR based on biopsy sample located in the target lesion; **Unconfirmed Response

                                                                                                                                                                                                           63

Source: Literature data and NBTXR3-1100 - Cut-off date: 23Apr2021
Study 1100: Patient Case Studies

                                   64
Study 1100:
 NBTXR3 +
Checkpoint
 Inhibitors

Preliminary
                          Anti-PD-1 Naïve Patients
  Results
     @
   ASCO
   2021
 NOTE: Ongoing study /
 Data subject to change

                                        NR = non-responder                                    65
                                        In house data. Date data Censored (October 09 2020)
Study 1100 – Cohort 1 (H&N Re-Irradiation)

                                                                                                                            Baseline%(%)
                                                                                                                                             50
          Dose Level 1: 22%                                                                                                                                                                PD

                                                                                                                          Change,
                                                                                                                                              20
                                                                                                                                              0                                            SD

                                                                                                                       from
                             ~2 years ongoing survival

                                                                                                                 Overall
                                                                                                                                             -30

                                                                                                            BestChange
                                                                                                                                             -50
                                                                                                                                                                                           PR

                                                                                                       Diameters
                              Initiated treatment in June 2019 at UNC
    Patient No.       A
                              Patient is still in follow-up with nearly 2y ongoing survival                                                                                                CR
                                                                                                                                            -100
                                                                                                                                                   0   100 200 300 400 500 600 700
      Primary
                     H&N      Stage III H&N with LRR in lymph node                                                                                           Study Day
      Tumor

       Prior
                    Naïve     No prior IO, but patient has had prior CRT

                                                                                                                             Baseline (%)
     Anti-PD-1

                                                                                                                                      %
                                                                                                                                             50

                                                                                                                           Baseline,
      PD-L1                                                                                                                                                              NBTXR3 Injected
                     Unk      PD-L1 expression is unknown
    Expression

                                                                                                                        from
                                                                                                                                               0
    Study 1100                Patient has had a durable ~2y confirmed CR that has deepened over time

                                                                                                                     from
                     CR
       BOR                    Note lesion injected is lymph node

                                                                                                                 Change
                                                                                                            Change
                                                                                                                                             -50

                                                                                                       Diameters
                                                                                                       Best
                                                                                                                                            -100                                     66

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Study 1100 – Cohort 1 (H&N Re-Irradiation)
                                                                                                                                                               50

                                                                                                                                     Best Overall Change, %
                                                                                                                                                                                           PD
          Dose Level 1: 22%

                                                                                                                                                        (%)%
                                                                                                                                                                20

                                                                                                                                                Change,
                                                                                                   50                                                            050

                                                                                                                                          from Baseline
                                                                          Best Overall Change, %
                                                                                                                   PD                                                                      SD          NBTXR3 Injected
                                                                                                                                                                                           PD
                                                                                                   20                                                           -3020                                  Non-NBTXR3-Inje
                             4 months ongoing survival

                                                                                                                                       Lesions
                                                                                                    0              SD                                          -50 0                       SD
                                                                                                                                                                                           PR

                                                                                                                                   Change
                                                                                                   -30                                                           -30

                                                                                                                            Measurable
                              Initiated treatment in December 2020 at Chicago    -50                                                                             -50                       CR
    Patient No.       J                                                                                                                                       -100
                              Patient is still in follow-up with 4m ongoing survival                               PR                                                                      PR

                                                                                                                         Diameters
                                                                                                                                                                         0           100
                                                                                                                                                                        Study Day          CR
      Primary                                                                                                                                                  -100
                     H&N      Stage IV p16– HNSCC with LRR in lymph node
                                                                       -100                                        CR
      Tumor

                                                                                                                        All
                                                                                                                                                                             0       100
                                                                                                         0   100
                                                                                                                                                                         Study Day

                                                                                                                                                       (%)%
       Prior
                    Naïve
                              No prior IO,                                             Study Day
     Anti-PD-1                but patient has had prior induction chemo followed by concomitant TFHX                                                            50

                                                                                                                                              Baseline,
                                                                                                                                                                                                NBTXR3 Injected

                                                                                                                                         from Baseline
      PD-L1
                                                                                                                                                                                                Non-NBTXR3-Injected
                     Neg      PD-L1 expression is equal to 0% by TPS
    Expression                                                                                                                                                   0

                                                                                                                                  Changefrom
    Study 1100                Patient had unconfirmed PR (-31%) at 2nd post-treatment scan to date
                     PR
       BOR                    Note lesion injected and non-injected are both lymph nodes

                                                                                                                          Best Change
                                                                                                                                                               -50

                                                                                                                        Diameters
                                                                                                                                                              -100
                                                                                                                                                                                                           67

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Study 1100:
 NBTXR3 +
Checkpoint
 Inhibitors

Preliminary
                          Anti-PD-1 Non-Responders
  Results
     @
   ASCO
   2021
 NOTE: Ongoing study /
 Data subject to change

                                       NR = non-responder                                    68
                                       In house data. Date data Censored (October 09 2020)
Study 1100 – Cohort 2 (Lung Mets)

                                                                                                                                               %(%)
                                                                                                                                                         50
 Did Not Receive Full Dose:
Study 1100 – Cohort 1 (H&N Re-Irradiation)

                                                                                                All target lesions sum of diameters
                                                                                                                                                                50
                                                                                                                                                                50

                                                                                                                              (%)%
          Dose Level 1: 22%                                                                                                                                                                                          PD
                                                                                                                                                                                                                                PD

                                                                                                                         Change,
                                                                                                                                                                 20

                                                                                                                    baseline
                                                                                                                                                                 20
                                                                                                                                                                 0                                                   SD
                                                                                                                                                                  0                                                             SD

                                                                                                                 Overall
                                                                                                                                                                -30
                              13 months ongoing survival                                                                                                                                                       *
                                                                                                                                                                -50
                                                                                                                                                                 -30

                                                                                                              from
                                                                                                                                                                                                                     PR

                                                                                                            Best
                                                                                                                                                            -50

                                                                                                      change
                                                                                                                                                  -100                                                               CR         PR
                              Initiated treatment in March 2020 at Moffitt                                                                                                 0       100     200         300     400
    Patient No.       D                                                                                                                                                              Study Day                                  CR
                              Patient is still in follow-up with 13m ongoing survival                                                         -100
                                                                                                                                                                               0     100         200         300     400
      Primary
                     H&N      Stage II p16+ HNSCC with LRR in BOT
                                                                                                                                                                                         Study Day
      Tumor                                                                                                                                                      *pCR based on biopsy sample located in the target lesion

       Prior
                    1° NR     4 months of nivo in 2019 with a BOR of SD and prior CRT
     Anti-PD-1

                                                                                                                                                           %
                                                                                                                                                 Baseline (%)
                                                                                                                                                                  50

                                                                                                                                               Baseline,
      PD-L1                                                                                                                                                                                                    NBTXR3 Injected
                     Unk      PD-L1 expression is unknown
    Expression

                                                                                                                                                                       0

                                                                                                                                            from
                              Patient has had varied SD response (-28% to 20% to -24%)
    Study 1100

                                                                                                                                         from
                     CR       Technically PD by RECIST, but consistent with pseudoprogression
       BOR

                                                                                                                                     Change
                              Recently iSD then iCR by iRECIST

                                                                                                                               Change
                                                                                                                                                                  -50

                                                                                                                           Diameters
                                                                                                                          Best
                                                                                                                                                                -100                                                       70

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Study 1100 – Cohort 2 (Lung Mets)
                                                                                                                                                                 50
          Dose Level 1: 22%

                                                                                                                                   Best Overall Change, %
                                                                                                                                                                                          (non-target lesions)

                                                                                                                                                         (%) %
                                                                                                                                                                                                   PD

                                                                                                                                                  Change,
                                                                                                50                                                                                        (non-target lesions)
                                                                                                                                                                  20
                                                                                                                                                                   50

                                                                       Best Overall Change, %
                                                                                                                  PD                                                                                                  NB

                                                                                                                                           from Baseline
                                                                                                                                                                   0                                 PD
                                                                                                20                                                                 20                                SD               No
                              14 months ongoing survival

                                                                                                                                        Lesions
                                                                                                 0                SD                                             -300
                                                                                                                                                                                                     SD               No
                                                                                                -30                                                              -50
                                                                                                                                                                   -30

                                                                                                                                    Change
                                                                                                                                                                                                      PR

                                                                                                                            Measurable
                              Initiated treatment in January 2020 at UNC    -50                                                                                   -50
    Patient No.       C                                                                                           PR
                              Patient withdrew consent due to travel concerns with 14m ongoing survival                                                                                               PR
                                                                                                                                                                                                       CR

                                                                                                                       AllDiameters
                                                                                                                                                             -100
                                                                                                                  CR                                                     0        100    200
      Primary
                    Lung
                                                                         -100
                              Stage IV NSCLC with lung mets as well as mets to APW and inguinal lymph nodes                                                      -100                                 CR
      Tumor                                                                         0         100         200                                                                Study Day
                                                                                                                                                                         0        100    200
                                                                                                      Study Day                                                              Study Day
       Prior
                    1° NR     6 months of pembro (single agent and with chemo) in 2019 with a BOR of PD
     Anti-PD-1

                                                                                                                                                        %
                                                                                                                                              Baseline (%)
                                                                                                                                                                 50

                                                                                                                                            Baseline,
      PD-L1                                                                                                                                                                                    NBTXR3 Injected
                     Pos      PD-L1 expression is equal to 65%
    Expression                                                                                                                                                                                 Non-NBTXR3-Injected
                                                                                                                                                                                               (non-target lesions)
                                                                                                                                                                   0

                                                                                                                                         from
                              Patient had confirmed 4m PR (-46%) at injected lesion
    Study 1100

                                                                                                                                      from
                     PR       and confirmed CR at non-injected sites (non-target lymph nodes)
       BOR

                                                                                                                                  Change
                              Of note – response was ongoing when patient came off-study

                                                                                                                            Change
                                                                                                                                                                 -50

                                                                                                                        Diameters
                                                                                                                       Best
                                                                                                                                                             -100                                             71

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Study 1100 – Cohort 1 (H&N Re-Irradiation)
                                                                                                                                                                     50

                                                                                                                                                                %
          Dose Level 1: 22%

                                                                                                                                                            (%) %
                                                                                                                                                                                             PD

                                                                                                                                                     Change,
                                                                                            50

                                                                                                                                                    Change,
                                                                                                                                                                      50
                                                                                                                                                                      20

                                                                   Best Overall Change, %
                                                                                                                    PD                                                                                     NBTXR3 Inj

                                                                                                                                              from Baseline
                                                                                                                                                                                              PD
                                                                                            20                                                                        0                      SD
                               4 months ongoing survival                                                                                                              20                                   Non-NBTXR

                                                                                                                                           Lesions
                                                                                             0

                                                                                                                                           Overall
                                                                                                                    SD                                               -300
                                                                                                                                                                                              SD           Non-NBTXR
                                                                                            -30                                                                      -50

                                                                                                                                       Change
                                                                                                                                                                      -30                    PR

                                                                                                                             DiametersBest
                                                                                                                         All Measurable
                                                                          -50
                              Initiated treatment in December 2020 at Hopkins                                                                                        -50
    Patient No.       L
                              Patient is still in follow-up with 4m ongoing survival                                PR                                                                       CRPR
                                                                                                                                                                    -100
                                                                                                                                                                             0       100
      Primary                                                                                                       CR
                     H&N      Stage IV p16+ HNSCC with LRR in lymph node
                                                                 -100                                                                                                       Study Day         CR
      Tumor                                                                                                                                                         -100
                                                                                                   0          100                                                              0       100
       Prior                                                                                      Study Day                                                                  Study Day
                    1° NR     3 months of pembro in 2020 with a BOR of PD and prior CRT
     Anti-PD-1

                                                                                                                                                          %
                                                                                                                                                Baseline (%)
                                                                                                                                                                     50

                                                                                                                                              Baseline,
      PD-L1                                                                                                                                                                                       NBTXR3 Injected
                     Neg      PD-L1 expression is
Study 1100 – Cohort 3 (Liver Mets)

                                                                                                                           % (%)
                                                                                                                                      50
          Dose Level 1: 22%

                                                                                                                     Baseline
                                                                                                                                                                       PD

                                                                                                                 Change,
                                                                                                                                       20
                                                                                                                                       0

                                                                                                         Change from
                                                                                                                                                                       SD
                              10 months ongoing survival

                                                                                                  Best Overall
                                                                                                                                      -30
                                                                                                                                      -50
                                                                                                                                                                       PR

                                                                                               Diameters
                              Initiated treatment in June 2020 at UNC
    Patient No.       G
                              Patient is still in follow-up with 10m ongoing survival                                                                                  CR
                                                                                                                                     -100
                                                                                                                                            0    100   200   300
      Primary
                     H&N      Stage IV p16+ HNSCC with liver mets                                                                               Study Day
      Tumor

                              1 year of pembro from May 2019 to May 2020 with a BOR of 1m CR
       Prior
                    2° NR     followed by PD
     Anti-PD-1

                                                                                                                                %
                                                                                                                      Baseline (%)
                              Also had prior EXTREME chemo
                                                                                                                                      50

                                                                                                                    Baseline,
                                                                                                                                                                   NBTXR3 Injected
      PD-L1
                     Pos      PD-L1 expression is equal to 50%
    Expression
                                                                                                                                        0

                                                                                                                 from
                                                                                                              from
    Study 1100                Patient has had a durable 8m response (PR then unconfirmed CR)
                     CR

                                                                                                          Change
       BOR                    Note response has deepened over time (-41% to -100%)

                                                                                                    Change
                                                                                                                                      -50

                                                                                                Diameters
                                                                                               Best
                                                                                                                                     -100                                   73

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Study 1100 – Cohort 3 (Liver Mets)
                                                                                                                                                                                   50
          Dose Level 1: 22%

                                                                                                                                Best Overall Change, %
                                                                                                                                                                                                                                         PD

                                                                                                                                                                                                       %
                                                                                                                                                                                          20

                                                                                                                                                                                            Change,  (%)
                                                                                                           50
                                                                                                                                                                                                     0 50

                                                                                                                                                                                       from Baseline
                                                                                 Best Overall Change, %
                                                                                                                           PD                                                                                                            SDPD        NBTXR3 Injecte
                               9 months ongoing survival                                                    20
                                                                                                                                                                         -30 20                                                                      Non-NBTXR3-In

                                                                                                                                                                                   Lesions
                                                                                                            0              SD                                           -50 0                                                              SD        Non-NBTXR3-In
                                                                                                                                                                                                                                         PR

                                                                                                                                                                      Diameters Change
                                                                                         -30
                              Initiated treatment in August 2020 at Banner                                                                                                                                  -30
    Patient No.        I

                                                                                                                                                                      Measurable
                              Patient came off study for PD, but is still alive with 9m -50
                                                                                        ongoing survival                                                                                                    -50                          CR
                                                                                                                           PR                                         -100
                                                                                                                                                                                                                                           PR
                                                                                                                                                                                                                   0          100
      Primary
                    Lung      Stage IV NSCLC with lung and liver mets                                                      CR                                                                                     Study Day
      Tumor                                                                                               -100                                                                                                                             CR
                                                                                                                                                                                                           -100
                                                                                                                 0   100

                                                                                                                                                                       All
                                                                                                                                                                                                                        0          100
       Prior
                    1° NR     3 months of pembro with chemo in 2020 with a BOR of SD thenStudy
                                                                                          PD   Day                                                                                                                     Study Day
     Anti-PD-1

                                                                                                                                                                  %
                                                                                                                                                       Baseline (%)
                                                                                                                                                                                     50

                                                                                                                                                  fromBaseline,
      PD-L1                                                                                                                                                                                                                                   NBTXR3 Injected
                     Neg      PD-L1 expression is
Study 1100 – Cohort 2 (Lung Mets)

                                                                                                                                % (%)
                                                                                                                                           50
          Dose Level 1: 22%

                                                                                                                          Baseline
                                                                                                                                                                   PD

                                                                                                                      Change,
                                                                                                                                            20
                                                                                                                                            0

                                                                                                              Change from
                                                                                                                                                                   SD

                                                                                                       Best Overall
                                                                                                                                           -30
                                                                                                                                           -50
                                                                                                                                                                   PR

                                                                                                    Diameters
                              Initiated treatment in May 2020 at Moffitt
    Patient No.       E
                              Patient passed away 3m after study start due to disease progression                                                                  CR
                                                                                                                                          -100
                                                                                                                                                  0          100
      Primary
                     H&N      Stage IV p16– HNSCC with lung mets                                                                                 Study Day
      Tumor

       Prior
                    1° NR     2,3 months of pembro in 2020 with a BOR of PD and prior CRT
     Anti-PD-1

                                                                                                                                     %
                                                                                                                           Baseline (%)
                                                                                                                                           50

                                                                                                                         Baseline,
      PD-L1                                                                                                                                                             NBTXR3 Injected
                     Unk      PD-L1 expression is unknown
    Expression

                                                                                                                                             0

                                                                                                                      from
    Study 1100

                                                                                                                  from
                     SD       Patient had unconfirmed SD (-29%) at only post-treatment scan
       BOR

                                                                                                         ChangeChange
                                                                                                                                           -50

                                                                                                     Diameters
                                                                                                    Best
                                                                                                                                          -100                                  75

Source: NBTXR3-1100 - Cut-off date:23Apr2021
Study 1100 – Cohort 2 (Lung Mets)

                                                                                                                                        % (%)
                                                                                                                                                   50
          Dose Level 1: 22%

                                                                                                                                  Baseline
                                                                                                                                                                           PD

                                                                                                                              Change,
                                                                                                                                                    20
                                                                                                                                                    0

                                                                                                                      Change from
                                                                                                                                                                           SD
                              10 months ongoing survival

                                                                                                               Best Overall
                                                                                                                                                   -30
                                                                                                                                                   -50
                                                                                                                                                                           PR

                                                                                                            Diameters
                              Initiated treatment in July 2020 at Banner
    Patient No.       H
                              Patient came off study for PD, but is still alive with 10m ongoing survival                                                                  CR
                                                                                                                                                  -100
                                                                                                                                                          0          100
      Primary                 Stage IV NSCLC with lung mets in lymph nodes and left pericardium
                    Lung                                                                                                                                 Study Day
      Tumor                   as well as bone mets

       Prior
                    1° NR     3,7 months of pembro in 2020 with a BOR of SD then PD
     Anti-PD-1

                                                                                                                                              %
                                                                                                                                   Baseline (%)
                                                                                                                                                   50

                                                                                                                              fromBaseline,
      PD-L1                                                                                                                                                                     NBTXR3 Injected
                     Neg      PD-L1 expression is
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