HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO
HARNESSING
  B-CELLS FOR
    CANCER
IMMUNOTHERAPY

      Leslie Chong
 Managing Director & CEO
      February-March 2019
HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO
HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY

                             N O T I C E : F O R WA R D L O O K I N G S TAT E M E N T S

                             Any forward looking statements in this presentation have been prepared on the basis of a number of assumptions
                             which may prove incorrect and the current intentions, plans, expectations and beliefs about future events are subject
                             to risks, uncertainties and other factors, many of which are outside Imugene Limited’s control. Important factors that
                             could cause actual results to differ materially from any assumptions or expectations expressed or implied in this
                             brochure include known and unknown risks. As actual results may differ materially to any assumptions made in this
                             brochure, you are urged to view any forward looking statements contained in this brochure with caution. This
                             presentation should not be relied on as a recommendation or forecast by Imugene Limited, and should not be
                             construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction in which it would
                             be a contravention of applicable law.

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO
HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY

    EXECUTIVE SUMMARY

                         01                                            02                                     03
 Investment Highlights                       Imugene B-cell Vaccine Pipeline            Experienced Management
                                                                                        & Board
• Novel immuno-oncology B-cell               • Phase 1 clinical data in Her-2 breast   • Meeting milestones
  peptide vaccine technology                   and gastric cancers
• Outstanding scientific provenance                                                    • Successful M&A activity
                                             • HER-Vaxx:
  from leading U.S. and European                                                       • Internationally recognised
                                               Phase 1b recruitment completed
  universities                                 Phase 2 activity commenced                members of the Scientific
• Drug is safe and well tolerated                                                        Advisory Board
• Sound cash position                        • B-Vaxx:
                                               Phase 2 ongoing
• Robust intellectual property portfolio &
  long patent life including checkpoint      • KEY-Vaxx:
  inhibitor combinations                       pre-clinical work started
• Manufacturing straightforward with           Phase 1 to commence in 2019
  low cost of goods
• Published in leading peer review
  journals

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO
INVESTOR PRESENTATION

A TEAM WITH A TRACK RECORD IN DRUG DEVELOPMENT

          Leslie Chong                  Paul Hopper                     Dr Axel Hoos                   Mr Charles Walker
          SYDNEY, AU                    SYDNEY, AU                      PHILADELPHIA, USA              BRISBANE, AU

          Managing Director & CEO       Executive Chairman              Non-Executive Director         Non-Executive Director

          • Over 20 years of            • International & ASX           • Senior Vice President        • Experienced listed biotech
            oncology experience in        biotech capital markets         and Head of Oncology at        CEO and CFO (ASX;ACL
            Phase I – III of clinical     experience particularly in      GSK                            and ASX:IMU)
            program development           immuno-oncology &             • Former Medical Lead for      • Experienced in financial
          • Leadership role               vaccines                        Yervoy, the first survival     markets including
            involvement in two          • Former Chairman of              improving medicine in          executing 55 international
            marketed oncology             Viralytics, Founder &           Immuno-Oncology                tech corporate
            products                      Director of Prescient,        • Chairman of the BoD of         transactions
          • Previously Senior             Founder of Imugene &                                         • Clinical experience
                                                                          the Sabin Vaccine
            Clinical Program Lead         Polynoma LLC, former            Institute                      includes managing pipeline
                                          Director pSivida,
            at Genentech, Inc., in                                      • Co-Chair of the Cancer         of drugs
                                          Somnomed
            San Francisco                                                 Immunotherapy                  in all stages form
                                          & Fibrocell Science                                            discovery, through to
                                                                          Consortium Think-Tank
                                                                                                       DrPhase
                                                                                                           Anthony         Good
                                                                                                                  III to launched
                                        Dr Mark Marino                  Dr Nick Ede                    SYDNEY, AU
                                                                        MELBOURNE, AU                    products
                                        CALIFORNIA, USA                                                Vice President of Clinical
                                        Chief Medical Officer           Chief Technology Officer       Research

                                        • Over 28 years of experience   • Over 25 years peptide        • Over 20 years
                                          in drug development             vaccine and drug               global clinical development
                                        • Former CMO of Cytori,           development                    experience.
                                          Head of Clinical              • Former CEO Adistem,          • Integral to the development
                                          Pharmacology                    CEO Mimotopes                  of significant new
                                          at Eisai and Roche, Head      • VP Chemistry Chiron            medicines including Viagra,
                                          of Research and Early           (now Novartis), Research       Revatio, Lipitor, and
                                          Development at Mannkind,                                       Somavert.
                                                                          Fellow CRC Vaccine
                                          VP Clinical Development
                                                                          Technology                   • Ex Pfizer Global Research
                                          at Daiichi
                                                                                                         and Development, Ex
                                                                                                         Covance Clinical Services.
                                                                                                                                       4
HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO
INVESTOR PRESENTATION

IMUGENE SCIENTIFIC ADVISORY BOARD
                                                                        Prof. Josep
                                                                                                     Prof Tanios BekaiI
                                                                        Tabernero
          Prof Pravin Kaumaya            Dr. Michael Galigiuri          VALL D’HEBRON, BARCELONA,    Saab
          OHIO STATE UNIVERSITY, USA     CITY OF HOPE, USA              SPAIN                        MAYO CLINIC, USA

          • Prof of Medicine                                            • President of European
                                        •   President of City of Hope                                • Professor of College of
            Department of Obstetric                                       Society for Medical
                                            National Medical Center                                    Medicine and Science
            Gynecology at Ohio State                                      Oncology (ESMO)
                                            and holds the Deana and                                  • Program Co-Leader, GI
            University
                                            Steve Campbell              • President of the Medical     Cancer, Mayo Clinic
          • Research focus in tumour        Physician-in-Chief.           Oncology Department at       Cancer Center
            immunology, mechanisms      •   Elected President of the      the Vall d’Hebron
            of tumour cell-immune           American Association for                                 • Medical Director, Cancer
                                                                        • Director of the Vall         Clinical Research Office
            cell interactions, and          Cancer Research (AACR)
                                                                          d”Hebron Institute of        (CCRO)
            immune mechanisms               in 2017
                                                                          Oncology (VHIO)
          • Research focus on fields                                                                 • Senior Associate
            of vaccine with emphasis                                                                   Consultant, Mayo Clinic
            on peptide vaccines for                                                                    AZ
            cancer
           Prof Peter Schmid            Prof. Ursula
           BARTS CANCER INSTITUTE,      Wiedermann-Schmidt              Dr Neil Segal                Dr Yelina Janjigian
           QUEEN MARY UNIVERSITY OF     MEDICAL UNIVERSITY OF VIENNA,   MEMORIAL SLOAN KETTERING     MEMORIAL SLOAN KETTERING
           LONDON                       AUSTRIA                         CANCER CENTER, USA           CANCER CENTER, USA

                                        • Co-inventor of HER-           • Medical Oncologist         • Medical Oncologist
           • Medical Oncologist
                                          Vaxx                          • Expertise in GI, Colon,
           • Expertise in breast and                                                                 • Expertise in esophageal
                                        • Professor of                    Pancreatic cancers           and stomach (gastric)
             lung cancer, cancer
             immunotherapy and early      Vaccinology at Medical        • Active clinical immuno-      cancer
             drug development             University of Vienna            oncology researcher        • Active in GI clinical trials
           • Leads the Centre of                                        • Clinical lead in several     testing combinations of
             Experimental Medicine at                                     trials using PD-L1           Her-2 and checkpoint
             Barts Cancer Institute                                       inhibitors                   inhibitor therapies

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO
HARNESSING B-CELLS FOR CANCER
IMMUNOTHERAPY

         Imugene develops
             vaccines
      to boost and direct the
      body’s immune system
     to specifically target and
        attack cancer cells

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO
HARNESSING B-CELLS FOR CANCER
IMMUNOTHERAPY

                                      IS THERE
                                      A BETTER
                                    WAY TO MAKE
     Monoclonal antibodies           ANTIBODIES                        Using B-cells
     are manufactured in a            TO TREAT                         in your body
            facility                  CANCER?                          Teaching B-cells to
                                                                      make antibodies using
          For example, Merck’s
                                                                        peptide antigens
         PD-1 inhibitor Keytruda®
                                                  B-cells are cells
                                                    in the human
                                                      body that
                                                      naturally
                                                  produce millions
                                                    of antibodies

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY - Leslie Chong Managing Director & CEO
HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY

HER-VAXX MIMOTOPE: MECHANISM OF ACTION?

                    Peptides “mimic”
                      the epitope                            HER-VAXX
                                                            ANTIBODY
                                                                                             TUMOR
                                                            SECRETION                         CELL
                                                            Via helper T-cells
                                                                                            HER-2/NEU
   3
PEPTIDES

          HER-VAXX                               B-CELL
       IMMUNOTHERAPY                          A C T I VAT I O N
                                                                                      Epitope = Antibody
                                                                                          Binding Site

                                               B CELL                            HER-Vaxx attacks the same target
                                                                                 as the the world’s largest selling
                                                                                 breast cancer drug Herceptin®

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY

  CURRENT PHASE 1B/2, IN GASTRIC CANCER

Phase 1b -
Complete
                                                                                                   2H, 2017
                                                                                                 PHASE 1B
                                                                                                  PATIENTS
                                                                                                 ENROLLED
Trial      Patients         Study           Endpoints               Study Results
• Phase 1b • Gastric        HER-Vaxx in     • Recommended           • 50 µg selected as the
• Open       Cancer         combination       Phase 2 Dose of          RP2D
  label    • Up to 18       with chemo:       HER-Vaxx              • No safety or toxicity
             patients       Cisplatin and   • Safety and Toxicity      issues                      2H, 2018
             in 3 cohorts   5FU                                                                   PHASE 1B
                                            • Immunogenicity        • All patients had           COMPLETED
             (10, 30 and    or
                                              (anti-HER-2              increased antibody
             50 µg)         capecitabine
                                              antibody titres)         response
                                                                    • Best Response Rates
                                                                        •   1 Complete
                                                                            Response
                                                                        •   5 Partial Response
                                                                        •   4 Stable Response
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HARNESSING B-CELLS FOR CANCER
IMMUNOTHERAPY

CURRENT PHASE 1B/2, IN GASTRIC CANCER

  Phase
                                                                            1H, 2019:
  2                                                                        COMMENCE
                                                                            PHASE 2

  Trial       Patients     Study                     Primary Endpoints
  • Phase 2   • Gastric    Randomized                • OS
  • Open label Cancer      HER-Vaxx in combination   • PFS
              • Up to 70   with standard of care                               TBD:
                patients   chemotherapy                Secondary             INTERIM

                           Or                          Endpoints             PHASE 2
                                                                               DATA
                           Standard of care chemo:     • Safety and         AVAILABLE
                           Cisplatin and 5FU or          Tolerability
                           capecitabine or oxaliplatin • Immune response

                                                                                        10
Three year                                                  11
HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY
                                              R&D contract with
                                                access to Ohio
                                              translational labs

                                                                                  Access to
                                                                               experience and
                                                                                expertise with
                                                                                 Prof. Pravin
                                                                                Kaumaya and
                                                                                    team
                                                          Six additional
                                                              clinical
                                                        candidates Her-1,
                             STRATEGIC                    Her-2, Her-3,
                             AQUISITIO                    VEGF, IGF-1R
                                                                                                 Six patent
                                                              CD28
                                 N                                                                families,
                                                                                                 22 patents

                                                                            Worldwide
              IND ready                                                     exclusive
            PD-1 clinical                                                    license
           trial (Phase 1)            Ongoing Her-2
                                       clinical trial
                                        (Phase 2)
HARNESSING B-CELLS FOR CANCER
IMMUNOTHERAPY

COULD PRECISION-
ENGINEERED
PEPTIDE EPITOPES/
VACCINES BE THE
KEY TO A CANCER                      “Combination cancer vaccines
                                     with peptide mimics have the
CURE?                                potential to treat existing cancer
                                     and prevent its reoccurrence.”
                                     PROF PRAVIN KAUMAYA
                                     OHIO STATE UNIVERSITY, USA

             DR TANIOS BEKAII SAAB
                MAYO CLINIC, USA

                                                                          12
HARNESSING B-CELLS FOR CANCER
IMMUNOTHERAPY

ACQUIRED HER-2 VACCINE (B-VAXX)

ENCOURAGING
PHASE 1 TRIAL
R E S U LT S

   14
            24         Patients had
                       stable disease

2 out of 24 patients had partial response
1 patient had PFS at 40+ months
     NO TOXICITY
      OBSERVED

                 Phase Ib Immunotherapy Trial with a Combination of Two Chimeric (Trastuzumab-like and Pertuzumab-like) HER-2 B Cell Peptide Vaccine emulsified in ISA 720 and nor-MDP Adjuvant in Patients with Advanced Solid Tumors, Immunological Response
                 and Clinical Outcome. Tanios Bekaii-Saab, Daniel H. Ahn, Christina Wu, Robert Wesolowski, Amir Mortazavi, Maryam Lustberg, Jeffrey Fowler, Bhuvaneswari Ramaswamy, Lai Wei, Jay Overholser and Pravin T.P. Kaumaya. Cancer Discovery 2018
                 manuscript in preparation.
                                                                                                                                                                                                                                                           13
HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY

IMUGENE PIPELINE

                     Program              Pre-clinical   Phase 1   Phase 2
Clinic or
Clinic-ready
                     HER-Vaxx (HER2)

                     B-Vaxx (HER2)

                     KEY-Vaxx (PD-1)

                     Her-2 & PD-1 Combo

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY

IMUGENE PIPELINE

                     Program             Pre-clinical   ID of candidate
Discovery
Pipeline             Her-1 (EGFR)

                     Her-3

                     IGF-1R

                     VEGF

                     Combination
                     (numerous)

                     PD-L1

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY

WHY SELECT & TARGET PD-1 FOR B-CELL VACCINATION?

  Monoclonal antibody
    immunotherapies
    Keytruda® (Merck)                                   The combination of the
   and Opdivo® (BMS)                                     PD-1 vaccine with the
   targeting PD-1 sold                                  acquired Phase II Her-2
  USD$3.8B and $4.9B,                                    vaccine significantly
  respectively, in 2017.                                inhibits tumor growth
                                                          c/w mAb control in a
                                                        Her-2+ model of colon            Whilst acknowledging the
                                                                cancer.                  rapid rise in clinical trials
                                                                                         involving PD-1 and their
                                 In industry-recognised                                   combination with other
                              mouse cancer models (colon
                            cancer), the PD-1 targeting B-cell                          treatments*, a PD-1 B-cell
                           vaccine is more superior than the                               vaccination approach
                              gold standard mouse PD-1                                represents a paradigm shift in
                             monoclonal antibody (used in
                              preclinical model testing for                              cancer immunotherapy.
                                 Keytruda and Opdivo).                            * Tang etal. Comprehensive analysis of the clinical immuno-oncology   16
                                                                                  landscape, Annals of Oncology, 2017
                                                                                                                                                         16
HARNESSING B-CELLS FOR CANCER
IMMUNOTHERAPY

PD-1/HER-2 VACCINE COMBINATION

Active in model of colorectal cancer with                        % Cancer growth inhibition in colorectal cancer
no signs of toxicity                                             model
                                                                 PD-1 vaccine plus Her-2 vaccine                                                              90%
   All mice vaccinated over a period of 9 weeks showed no
   signs of scruffiness, lesions, and lethargy.
                                                                                   PD-1 vaccine                                               65%
   Organs (spleen, liver, heart, lung, kidney, and tumor) from
   the Balb/c mice vaccinated with combination peptides
   (HER-2 and PD-1) were collected from mice and
   submitted for analysis.                                                            PD-1 mAb                               39%

   No significant lesions were noted in any of the organs
   submitted for histologic evaluation.
                                                                                   Control (PBS)    0%

   There were also no overt biochemical abnormalities noted.                                       0%          23%            45%            68%             90%

                                                                                        Inhibition of cancer growth 16 days after infusion of cancer cells

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HARNESSING B-CELLS FOR CANCER IMMUNOTHERAPY

PD-1 ‘KEY-VAXX’ VACCINE PHASE 1 DEVELOPMENT PATH 2018-2019
PRE-CLINICAL
 MILSTONES

                                   PD-1
                                                                                               Finalise                               2019:
                                 candidate                   CMC           Formal                                FDA/IND
                                                                                            regulatory IND                          Commence
                                  vaccine                manufacturing   pre-clinical                            granted
                                                                                             submissions                             Phase 1
                                 identified

                              Phase 1 – Dose Seeking /Signal Finding                          Phase 2 – Expansions Assumption
I N PAT I E N T P H A S E S
      PROPOSED

                               COHORT 3 | 3-6 PATIENTS
                                                          IDENTIFY       OUTCOMES
                                                                                                             Indication Expansion
                                                                                                                 (12-20 patients)
                                                          Optimal        ✓ Safety                                                    Proof of
                               COHORT 2 | 3-6 PATIENTS    Biological     ✓ Immunogenicity      Expansions
                                                          Dose (OBD)     ✓ Tumor PD                                                  Concept
                                                                                                             Indication Expansion
                               COHORT 1 | 3-6 PATIENTS                                                           (12-20 patients)

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HARNESSING B-CELLS FOR CANCER
IMMUNOTHERAPY

FINANCIAL SUMMARY

Options on issue
                                NO. OF          EXERCISE
                                                                   EXPIRY             Market Cap
                               OPTIONS             PRICE
                                                                                         (Jan 19)

Listed: (IMUOA)                  242.5M              $0.026   30/11/2020
                                                                                    $64.9M AUD
Listed:(IMUOB)                   248.3M               $0.04   30/11/2021
                                                                                    $46.5M USD             Ordinary shares
Unlisted:                        134.5M          $0.0247*     09/03/2020*
                                                                                                             3.610B
Total:                           625.3M              $0.03*   02/01/2021*
                                                                                  12 month price range
Top 5 shareholders (as at January 2019)   NO.   OF   SHARES   %   C A P I TA L

Private Portfolio Management                    224,551,412          6.22%
                                                                                   1.3c – 4.0c
                                                                                          AUD            Average daily volume
                                                141,246,879          3.91%
Platinum Asset Management
                                                                                                         6.4M shares
Dr. Nicholas Smith                              100,000,000          2.77%                                   (Oct 18 – Jan 19)

Paul Hopper, Executive Chairman                  76,178,722          2.11%        Investment to date

Sarah Cameron                                    60,000,000          1.66%        ~$42.5M PUBLIC         Cash & Equivalents
                                                                      * Average
                                                                                   ~$5.5M VC
                                                                                                            $24.05M
                                                                                                            (as at 31 Dec 2018)

                                                                                                                                  19
Leslie Chong
Managing Director & CEO
leslie.chong@imugene.co
            m
      +61 458 040 433
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