Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies

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Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
Targeted
                                 Cancer
                                 Therapies

Corporate Overview
www.centurionbiopharma.com

                                        2020
                             Non-Confidential
Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
Centurion Biopharma Highlights
 Centurion is a private, preclinical-stage oncology-focused biotechnology company
  pioneering the development of ultra-high potency cytotoxins with a diagnostic for
  patients with advanced solid malignancies.

 Centurion’s LADRTM technology was developed by our preclinical laboratory
  personnel who were early innovators in developing acid sensitive linkers attached
  to cytotoxins.

 Our 4 preclinical product candidates LADR-7, LADR-8, LADR-9, and LADR-10
  were developed by us exclusively, as well as our diagnostic ACDx (Albumin
  Companion Diagnostic).

 Centurion retains worldwide development and commercialization rights to all of
  its preclinical product candidates.

 Our plans are to initiate IND enabling studies and the clinical Phase 1-2 trial(s)
  with our diagnostic ACDx.

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Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
Centurion’s Technology Platform

 LADRTM (linker activated drug release) maximizes full potential
    to target and kill cancer cells while minimizing toxicity

 Concentrates ultra high potency drugs inside the tumor, maximizing cancer cell
  kill and minimizing toxicity

 Cancers are identified by the transport of our companion diagnostic (ACDx)
  bound to circulating albumin which accumulates in the tumor

 LADRTM has demonstrated preclinical anti-tumor activity across solid tumor
  types (e.g. breast, NSCLC, ovarian, melanoma, head & neck, and others)

 ACDx and LADRTM drugs will reduce the time to complete clinical trials because
  our companion diagnostic will allow us to enrich the population most likely to
  respond to the therapy

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Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
LADRTM Target Product Profile

 Highly Toxic Agents That Can Be Safely Administered
 Each Toxic Agent Formulated With a Linker That Will
  Result in Selective Binding to Albumin In vivo
 Demonstrated Coupling to Albumin After Intravenous
  Administration
 Stable in Circulation (pH 7.4 at Normal Body
  Temperature or Febrile State)
 Decouple and Release Toxic Agent at Acidic pH and
  Normal Body Temperature or Febrile State
 Companion Diagnostic (ACDx) Developed With the
  Therapeutic

                                                   3
Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
Role of Albumin in
Targeting Solid Tumors

                         4
Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
Albumin: Targeting Delivery Vehicle

Human Serum Albumin (HSA)
  Major source of essential amino acids (“fuel″) for cancer cells
  Localizes at tumor through the Enhanced Permeability and
   Retention Effect (EPR) effect and macropinocytosis
  Serves as a transport molecule for metabolites, hormones, and
   nutrients
  Long half-life (20 days)

                                                               5
Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
Albumin Accumulates in Tumors
Accumulation in tumor tissue due to the EPR effect (enhanced
permeability and retention)

                                i.v. injection of
                                radiolabeled albumin
                                   • Tumor mass: ca.
                                      6 % of body
                                      weight
                                   • ~23 % of the
                                      injected dose
                                                      W-256
                                      accumulated Sarcoma
 Kratz, Journal of Controlled         in the tumor
 Release (2008) 132:171
                                      of the hind leg
                                      (72 h)
                                Sinn, H., et al. Int J Rad Appl
                                Instrum B (1990) 17:819
                                                                  6
Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
LADRTM: Enhanced Permeability and
Retention of Albumin

                                           Normal
                                           Tissue

                                                         100‒500 nm
EPR Effect

                                           Tumor
                                           Tissue

                                      albumin

             EPR = Enhanced Permeability and Retention
                                                                      7
Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
LADR™ Albumin Binding
   Drug Conjugates

                        8
Corporate Overview www.centurionbiopharma.com - Targeted Cancer Therapies
Linker Activated Drug Release
(LADRTM) Platform
    Target albumin with ultra high potency drug to the tumor, minimize
                            systemic toxicology

1                                                                     2              3

1. Ultra High Potency         2. Cleavable Linker            3. Targeting
    Drug Payload              • Novel linker keeps the       • Ensures rapid and
• Payloads are 10-1,000         highly potent drug             selective binding to
  times more potent than        payload inactive until the     circulating serum albumin
  standard anti-cancer          conjugate reaches the        • Serum albumin transports
  agents                        tumor                          the LADR™ drug to the
• Similar to those used for   • The linker is then cleaved     tumor
  ADCs (auristatins,            which releases the
  maytansinoids)                payload

                                                                                      9
LADR™ Mechanism of Action
                         Cytotoxic       Albumin
                          Agent Linker
                                                    2

          1
                                 Rapid and specific
                               binding to circulating                            3
      Cytotoxic                albumin as the target
       Agent    Linker

 Drug-linker conjugate
       is infused                                             Tumor cells

                                              4

                                                        Albumin transports drug
                                                           to the tumor and
                                                              surrounding
                                                           microenvironment
           Linker breaks in the acidic (low pH)
        environment and releases the drug payload

                                                                            10
Natural Toxin Tubulin Binders

 • ADCETRIS is an antibody-drug conjugate with anti-CD30 linked to
   an auristatin analogue (monomethyl auristatin E)
 • KADCYLA is is an antibody-drug conjugate with anti-HER2 linked
   to a maytansinoid analogue (DM1)

                                                                    11
Tubulin Forms Microtubules

      https://www.cherrybiotech.com/scientific-note/microtubule-dynamics-and-maps
      https://en.wikipedia.org/w/index.php?title=File:Kinetochore.jpg               12
Toxins Inhibit Tubulin Polymerization

                       Molecular Docking to Tubulin
           Auristatins                        Maytansinoids
      Peptide Binding Site                    Vinca Binding Site
   α1 tubulin chain – Tan surface        α tubulin chain – White/tan surface
   β2 tubulin chain – Blue surface       β tubulin chain – Cyan surface

  Auristatin E – White sticks              Vinblastine – Pink sticks
  Auristatin E-Keto – Salmon sticks        Ansamitocin – Brown sticks
                                           Maytansine – Blue sticks
     Pes et al., Journal of Controlled         Venghateri et al., PLoS
     Release 296 (2019) 296:81                 ONE (2013) 8:e75182

                                                                         13
LADR™ Efficacious in Large Tumor Models
                                                Auristatin LADR™                                                    Maytansinoid LADR™
                                              (LADR-7 and LADR-8)                                                  (LADR-9 and LADR-10)

                                                   LXFA 737 (NSCLC)                                                     A2780 (Ovarian)
                                                  Tumor volume ∼ 330 mm3                                              Tumor volume ~ 350 mm3
                                                           n=8                                                                 n=8
                             800
Median Absolute Tumor Volume (mm3)

                             700

                             600

                             500

                             400

                             300

                             200                                                                                          Comparator ~ 1/8 LADRTM dose
                                                          Comparator ~ 1/10   LADRTM   dose
                             100

                                     0
                                         0   10     20      30       40       50        60
                                              Days after randomization                            Dose
                                                                                                  administration
                                                                                              †
                                                  Pes et al., Journal of Controlled               Premature death
                                                  Release (2019) 296:81                       *
                                                                                                  Tumor burden             Poster LADR 9 and 10
                                                                                                  Premature death
                                                                                                  Euthanized due to
                                                                                                  skin toxicology
                                                                                                                                                   14
Auristatin and Maytansinoid LADR™s Are
Efficacious in Different Xenograft Tumor Models

     Breast

     Head and Neck

     Melanoma

     NSCLC (lung)

     Ovarian

     Renal

          Pes et al., Journal of Controlled Release (2019) 296:81 and Supplemental Material;
          Poster LADR 9 and 10
                                                                                               15
LADRTM Proof of Concept

     Aldoxorubicin

                          16
First Generation
Aldoxorubicin Results
 Doxorubicin: approved life-time dose 550 mg/m2 due to
  cardiomyopathy
 Aldoxorubicin cumulative doxorubicin equivalent dose at the time
  of the primary efficacy analysis was up to 7,800 mg/m2 with no
  dose limiting cardiac adverse events
 Aldoxorubicin in Global Phase 3 – Investigator Choice relapsed or
  refractory to >1 regimen of prior non-adjuvant chemotherapy,
  metastatic, locally advanced, or unresectable soft tissue
  sarcomas did not meet primary endpoint (PFS).
  US, Canada, & Australia (72% of the patients with soft tissue
   sarcoma) statistically significant [p=0.0276, Hazard ratio (95%
   Confidence Interval) = 0.71 (0.53, 0.97)]
  Europe and Latin America: Not significant
 Aldoxorubicin was licensed to ImmunityBio

                                                                     17
Aldoxorubicin: LADRTM Prototype

Safety
  Aldoxorubicin can be administrated at 10-fold or higher dosage
   compared with doxorubicin
  LADRTM can be administrated at ~6- to 10-fold higher dosage
   compared with auristatin E or maytansine (xenograft data)

Efficacy
  Aldoxorubicin is efficacious in clinical trials. If aldoxorubicin
   was only carried to the tumor by albumin and never released,
   then no efficacy would have been observed in clinical trials.
  LADRTM is efficacious in animal models and superior to the
   payload given alone

                                                                 18
ACDx

Albumin Companion
    Diagnostic

                    19
Test Advantages

 Increases The Likelihood For Efficacy
  (Enriched Population)

 Shortens The Timeline For Development

 Combined With a Therapeutic –Targeted
  Therapy (Precision Medicine)

                                          20
ACDx Agent                         111In-C4-DTPA

• Fast binding to cysteine-34 of albumin
• High radiolabeling efficiency with 111indium as
  the radionuclide
• High stability of the imaging diagnostic
                                        111In-C4-DTPA
                              HO    O
  111Inis a
  γ-emitting                                              Albumin-binding
  radionuclide                                            maleimide group
                              O O
                                    N                        O
                 O                                    O
          HO          111In
                 O                                            N
          O                    N                  N
                          O
                                                  H
                     N                                            O
                      O

                                                                      21
Preclinical SPECT/CT Imaging
With 111In-C4-DTPA
Establish methodology in
human tumor xenograft
models
Study outline:
 Bilateral implantation
 TV ~100‒300 mm3 (left and
  right flank)
 4 mice
                              ~40   ~2 min
                              min

                                             22
SPECT/CT Identifies ACDx-Labeled
Albumin in Tumor-Bearing Nude Mice
Representative 3D SPECT/CT image after 72 h

                     3D Spect/CT image

                                         Distinct accumulation of
                                            albumin in the s.c.
                                                  tumors

                                          Kidneys are visible as the
                                            organs of elimination

                          Model: LXFL529 (NSCLC)
                                                                 23
ACDx and LADRTM

   Summary

                  24
ACDx & LADRTM Target Solid Tumors

 ACDx (diagnostic) Identifies Tumor Candidates That
  Accumulate Albumin
 Targeted Solid Tumor Characteristics (EPR Effect)
    Increased vascularity
    Abnormal local lymphatic system
    High albumin concentration
    Acidic local tissue and intracellular environment
 LADRTM Exploits These Solid Tumor Characteristics
  Injected LADRTM drug links itself to albumin to form a Trojan horse
   that hides the drug toxicity while in circulation
  Albumin-LADRTM drug complex is brought to the cancer through the
   vascular system and the abnormal local lymphatic system traps it in
   the tumor
  The acidic tumor environment releases the drug from the LADRTM
   linker

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ACDx and LADRTM Advantages

 Applicable to treat a broad array of solid tumors
  Targets cancer cells based on tumor pathophysiology
  Does not target a specific cell receptor or antigen

 Higher doses of toxic drugs can be administered
  safely using LADRTM platform to achieve efficacy
 Therapeutic Target: Cancer cells
 Benefit: Protects normal cells from the toxic payload
 Compared to ADCs, a larger number of patients are
  candidates for this therapy because the presence of a
  specific antigen is not required

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Centurion BioPharma Pipeline
 ACDx and four ultra high potency LADR™ drugs were selected for development
 Non-GMP batches made and next step is technology transfer to make GMP material
 IND enabling studies can be initiated for 4 lead candidates. An IND submission is
  targeted for 2021 and starting of our Phase 1-2 clinical trial in the first half of 2022.
 Long term patent protection (2035-2038) for LADR™ technology, drug candidates,
  and diagnostic
LADR™ Albumin Binding Drug                      Preclinical        Phase 1        Phase 2
Conjugates
   Auristatin Program
     LADR-7
     LADR-8

   Maytansinoid Program
     LADR-9
     LADR-10

Companion Diagnostic –
ACDx identifies patients across solid tumors
which have the potential to respond

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Management
 Gail L. Brown, M.D., M.B.A., Chief Medical Officer
In 2014, Dr. Brown founded The Brown Group, LLC providing services in clinical research, regulatory affairs,
DMC and financial services to biotechnology companies. She has advised the following companies: Tularik,
Abgenics, Cell Genesys, Onyx Pharmaceuticals, Versicor and Gilead Sciences.

Dr. Brown served as chief medical officer at Telik, Inc., and ARMO BioSciences. She served as Senior Medical
Director at AbbVie and worked on the Venetoclax hematological malignancies programs. She has 25 years
experience in early stage clinical drug development and launched international registrational trials in solid
tumors and hematologic malignancies.

Dr. Brown served on the faculty at Harvard Medical School Department of Medicine, Division of Hematology
and Oncology. She holds an M.D. degree from the University of Rochester School of Medicine and an M.B.A.
degree from St. Mary's College of California.

 John Y. Caloz, Chief Financial Officer
Mr. Caloz served as Chief Financial Officer of Occulogix, Inc, a NASDAQ listed medical therapy company and
Chief Financial Officer of IRIS International Inc., a Chatsworth, CA based medical device manufacturer. He also
served as Chief Financial Officer of San Francisco-based Synarc, Inc., a medical imaging company, and SVP,
Finance and Chief Financial Officer of Phoenix International Life Sciences Inc., a CRO. Mr. Caloz, a Canadian
citizen, is a licensed Chartered Accountant in Canada and a graduate of York University, in Toronto, Canada.

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Development and Regulatory
Outsourcing
Hurley Consulting Associates Ltd.
Since 1987 Hurley Consulting Associates Ltd. has been providing drug development consulting and services including CMC,
nonclinical and clinical program support, technical writing, QA/QC functions, and submission preparation for FDA and other
regulatory authorities. The company acts as the U.S. agent and authorized representative for regulated products for the entire
IND through NDA process and post-approval regulatory matters including regulatory strategy, Health Authority negotiations,
and application approvals. Hurley Consulting has prepared or contributed to over 60 applications and prepared over 50 FDA
Meeting Requests, Briefing Books, and participated in the meetings.
Hurley Consulting has worked with the company in oncology since 2015. The Hurley Consulting pharmacology, toxicology, CMC, and
regulatory staff performed a detailed assessment of the work performed at Centurion BioPharma in 2017 – 2020 for the LADRTM
Program.
   Margaret E. Hurley, M.D., FRAPS, President and CEO
Margaret E. Hurley, M.D., a recognized expert in drug development, founded Hurley Consulting in 1987. As President and
Chief Executive Officer, she is responsible for the general management of the company known for its analytical thinking.
Dr. Hurley was Director, Cardiovascular Drug Development at Ciba-Geigy (now Novartis) from 1983 to 1987. Before entering the
pharmaceutical industry, Dr. Hurley was the Medical Director of the Hemodialysis Unit at Bellevue Hospital Center, New York and a
member of the faculty at New York University Medical Center. She was a National Kidney Foundation Fellow and did her internal
medicine and nephrology training at NYU.
Dr. Hurley holds a medical degree from The Medical College of Pennsylvania in Philadelphia, Pennsylvania, and a bachelor’s degree in
chemistry from Fordham University. In 2010 Dr. Hurley became a Fellow of the Regulatory Affairs Professional Society in recognition
of her professional achievements.
 Charles G. Garlisi, Ph.D.
Charles Garlisi, Ph.D., joined Hurley Consulting in 2016 as Vice President, Scientific Affairs. He has over twenty-five years’
pharmaceutical industry experience in multiple therapeutic areas (immunology, allergy, inflammation, and infectious diseases). His
project experience includes target identification to clinical development and through marketing application. At Hurley Consulting Dr.
Garlisi has been responsible for nonclinical programs in several therapeutic areas including oncology and diagnostics.
Dr. Garlisi was a Director of In Vitro Pharmacology at Merck Research Laboratories. He holds a doctoral degree in biochemistry from
The Pennsylvania State University and a bachelor’s degree in biology from St. Francis College, Brooklyn, NY. He has authored or co-
authored over 50 journal articles, and has presented at many professional conferences.

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Board of Directors

 Louis J. Ignarro, Ph.D, Chairman of the Board
Dr. Ignarro received the Nobel Prize for Medicine in 1998 and is the co-founder of Centurion BioPharma
Corporation. He served as the Jerome J. Belzer, M.D. Professor Emeritus in the Department of Molecular and
Medical Pharmacology at the UCLA School of Medicine. Dr. Ignarro had been at the UCLA School of Medicine
since 1985 as a professor, acting chairman and assistant dean.

 Steven A. Kriegsman, Executive Chairman
Mr. Kriegsman has been Centurion BioPharma Corporation's Executive Chairman and a director since its
formation. He is the co-founder of Centurion. Mr. Kriegsman was formerly a Certified Public Accountant with
KPMG in New York City. In February 2006, Mr. Kriegsman received the Corporate Philanthropist of the Year
Award from the Greater Los Angeles Chapter of the ALS Association and in October 2006, he received the Lou
Gehrig Memorial Corporate Award from the Muscular Dystrophy Association.

 Joel K. Caldwell, Chairman Audit Committee
Mr. Caldwell is an expert in Corporate Finance, Internal Audits, Executive Compensation, Long Term Finance,
Employee Benefits and Sarbanes-Oxley Internal Controls Compliance. He previously worked for the
international CPA firm Arthur Andersen & Co. Mr. Caldwell is a Certified Public Accountant.

 Richard J. Kogan, Senior Advisor to the Board
Mr. Kogan was formerly Chairman and CEO of Schering-Plough Corporation and Chairman of the International
Pharmaceutical Manufacturers Association. He also served as a Board Member of Colgate-Palmolive Company,
The Bank of New York, and as Chairman of the Board of Saint Barnabas Medical Center.

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