NANS 2021 Investor Briefing - January 15, 2021

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NANS 2021 Investor Briefing - January 15, 2021
NANS 2021 Investor
Briefing
    January 15, 2021

                       1
NANS 2021 Investor Briefing - January 15, 2021
Agenda

• Welcome and Introductions
  Julie Dewey
• Company Overview and Recent Business Updates
  D. Keith Grossman
• Clinical Research Results
  David Caraway, MD, PhD
• Question and Answer Session
  D. Keith Grossman, Dr. David Caraway, Rod MacLeod

                                                  2
NANS 2021 Investor Briefing - January 15, 2021
Forward-looking Statements
In addition to historical information, this presentation contains forward-looking statements with respect to our business,
capital resources, strategic initiatives and growth reflecting the current beliefs and expectations of management made
pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including regarding continuing
adoption of, and interest in, our therapy and products in the U.S. and international markets; our beliefs regarding market size
of the traditional back and leg pain, PDN and NSRBP markets and future growth of these markets and share for our therapy
and products; our beliefs regarding the advantages of our products and HF10 therapy, including additional opportunities
around our clinical efforts and potential indication expansion; our belief that we are uniquely positioned, with multiple
growth drivers; our expectations around approval of our PDN indication and ability to begin commercializing in the second
half of 2021; our belief that there is significant pent-up SCS demand from the COVID-19 pandemic as we head into 2021; our
belief that we are under-indexed from a market share perspective; and our expectations regarding our commercialization
efforts. These forward-looking statements are based upon information that is currently available to us or our current
expectations, speak only as of the date hereof, and are subject to numerous risks and uncertainties, including our ability to
continue to successfully commercialize our products; our ability to manufacture our products to meet demand; the level
and availability of third-party payor reimbursement for our products; our ability to effectively manage our anticipated
growth; our ability to protect our intellectual property rights and proprietary technologies; our ability to operate our business
without infringing the intellectual property rights and proprietary technology of third parties; competition in our industry;
additional capital and credit availability; our ability to attract and retain qualified personnel; and product liability claims.
These factors, together with those that are described in greater detail in our Annual Report on Form 10-K filed on February 25,
2020 and our Quarterly Report on Form 10-Q filed on November 5, 2020, as well as any reports that we may file with the
Securities and Exchange Commission in the future, may cause our actual results, performance or achievements to differ
materially and adversely from those anticipated or implied by our forward-looking statements. We expressly disclaim any
obligation, except as required by law, or undertaking to update or revise any such forward-looking statements.

                                                                                                                                    3
NANS 2021 Investor Briefing - January 15, 2021
Company Overview and
Recent Business Updates

      D. Keith Grossman
  Chairman, CEO & President

                              4
NANS 2021 Investor Briefing - January 15, 2021
Large, Underpenetrated Lower Back/Leg Market

         2019 Global SCS Market                                                Total Addressable U.S. Lower Back/Leg Market²
             $2.5B Annually¹                                                          $12.9B Annually, ~10% Penetrated

                  $0.5B

                                                           U.S
                                                                                                                                 $7.5B        300K Patients/Yr
                                                                                                                                              ~4% Penetrated
                                                           Int'l                                                                  58%
                                                                                                                                                               (FBSS)
                               $2.0B
($ in billions)
                                                                                         $5.4B                                                                          (NSRBP)

                                                              .     215K Patients/Yr
                                                                    ~19% Penetrated       42%

                                                                                                                                          FBSS: Failed Back Surgery Syndrome
                                                                                                                                          NSRBP: Non-Surgical Refractory Back Pain

    1Includes DeNovo and Replacement                                       2Includes DeNovo patients only
    Sources: Guidepoint Qsight U.S. Pain Modulation Market, as of          Sources: US Census Bureau; CLBP Market Research; CMS OP Hospital SAF Data 2012 – 2018;
    November 2020; Company data                                            https://www.neuromodulation.com/failed-back-surgery-syndrome-definition; Company data.

                                                                                                                                                                                  5
NANS 2021 Investor Briefing - January 15, 2021
NSRBP: Clinical Data
                               $7.5B
                                       Total
Expected to Drive                      Addressable
                                       Market
Market Penetration
                                             $300M
NSRBP is already on-label                       Current
for Omnia                                       Market

Development of clinical
data supports continued
market penetration:                            Only 4%
                                               penetrated
   Expanded payer coverage

   Increased patient
   referrals for     therapy

First data release at
NANS 2021

                                                            6
NANS 2021 Investor Briefing - January 15, 2021
PDN:
               Large Patient Population with Significant Unmet Need

                                                                                           PREVALENCE                                                                                                           INCIDENCE

                 Diagnosed PWD                                                                     20% with PDN                                         45% Refractory to CMM                                  Annual TAM
                                                                                                                                                                                                              ~$3.5-5.0 Billion

              26.8 MM PATIENTS                                                            5.3 MM PATIENTS                                                             2.3 MM PATIENTS                        140-200K PATIENTS

                   Current Treatment Options Demonstrate Mild Efficacy and Low Adherence

PWD = Patients with Diabetes PDN = Painful Diabetic Neuropathy CMM = Conventional Medical Management TAM = Total Addressable Market
Sources: CDC National Diabetes Statistics Report 2020; Schmader KE. Epidemiology and impact on quality of life of postherpetic neuralgia and painful diabetic neuropathy. Clin J Pain. 2002;18(6):350-354;
Trinity Partners Market Research 2017
                                                                                                                                                                                                                                  7
NANS 2021 Investor Briefing - January 15, 2021
The Power of a PDN Indication

                                           PDN Market Opportunity

Increase volume of PDN referrals          $47      Billion
                                              2M Patients                              1% =
Enable on-label treatment with
HF10® therapy                                                                         ~$500M
Strengthen HF10 therapy
with Level 1 scientific data

Facilitate payer approvals

                  If approved, Nevro would be the ONLY company with on-label access
                                                                                               8
NANS 2021 Investor Briefing - January 15, 2021
Clinical Research Results

  David Caraway, MD, PhD
   Chief Medical Officer

                            9
NANS 2021 Investor Briefing - January 15, 2021
NANS 2021: Significant Clinical Presence
20 Abstracts Accepted for Presentation
Two late-breaking presentations in Plenary Session 1:
      PDN RCT                         NSRBP RCT
      Friday, Jan 15                  Friday, Jan 15
      4:53-5:05 pm CST                4:17-4:29 pm CST
      Presenter: Dr. Erika Petersen   Presenter: Dr. Leo Kapural

18 audio-guided, e-Poster presentations

Highlights
Comprehensive 6-month data and subset of 12-month data for
SENZA-PDN RCT

First look at NSRBP RCT Study data (3-month results)

ULN Studies demonstrate pain and opioid reduction

RESCUE STUDY results highlight real-world capability for HF10 to help
patients failing traditional SCS

FREQUENCY PAIRING REAL WORLD STUDY - HF10 paired with other
waveforms improves pain relief and function for subset of patients

                                                                        10
Erika Petersen, MD, FAANS, FACS
Professor of Neurosurgery
Director of Functional & Restorative Neurosurgery and Neuromodulation
University of Arkansas for Medical Sciences
Little Rock, AR

                                                                        11
Prevalence and Cost of Painful Diabetic Neuropathy (PDN)

  Diabetes is a                                PDN is common
   National Epidemic                            • Present in 20% to 26% of those with diabetes

     34.2 million people with diabetes =
      10.5% of the population
     Another 88 million people
      with prediabetes (more than
      1 in 3 adults)
     Annual cost: $327 billion
                                                 34+                              7 Million
                                                    Million                                Patients with PDN
         Direct medical costs = $237 billion       Patients with Diabetes

         Indirect costs = $90 billion

                                                                              CDC National Diabetes Statistics Report 2020
                                                                              Davies et al. Diabetes Care 2006
                                                                              Schmader Clin J Pain 2002
                                                                                                                      12
Pharmacotherapy for PDN
                                        Number-needed-   Number-needed-
                                           to-treat         to-harm
               First-Line Agents:
                   Pregabalin                 7.7             13.9
                  Gabapentin                  6.3             25.6
                   Duloxetine                 4.2              NR

             Second-Line Agents:
            Other anticonvulsants
             (carbamazepine, etc)             NR              NR
           Other SNRIs (venlafaxine)          4.5              NR
                    TCAs                      3.6             13.4

                 Other Agents:
                  Oral opioids                4.3             11.7
            IV analgesics (lidocaine,
                   ketamine)                  NR              NR
                                                                          Staudt et al. J Diab Sci & Tech 2020
                                                                          Finnerup et al. Lancet Neurol 2015
                                                                                                          13
Low-frequency SCS for PDN
 • Two prior RCTs demonstrated 50%-69% pain responders to LF-SCS at 6 months

      7.3                               • Prospective, multicenter RCT comparing LF-SCS+CMM to CMM alone
                                3.1     • 60 subjects randomized 2:1, 6-month follow-up
                                          - 36 LF-SCS subjects at 6 months
                                          - 69% pain responders (25/36)
                                          - No report of neurological improvements
                                                                                                      de Vos et al. Pain 2014

                  NRS scores for Pain
            7.3        Daytime          • Prospective, two-center RCT comparing LF-SCS+CMM to CMM alone
                                        • 36 subjects randomized 3:2, 24-month follow-up
                                  4.1     - 16 LF-SCS subjects at 6 months
                       3.3
                                          - 56% pain responders daytime (9/16)
                                          - 50% pain responders nighttime (8/16)
                                          - No report of neurological improvements     Slangen et al. Diabetes Care 2014
                                                                                           van Beek et al. Diabetes Care 2015
                                                                                                                          14
Low-frequency SCS for PDN
 • Long-term data show attrition for LF-SCS with 36%-42% pain responders at 12 months

  • Long-term data from two prospective cohorts with LF-SCS+CMM
  • 40 subjects implanted, median 60-month follow-up              • Complications:
  • At 12 months:                                                   - Deep infections: 2 (5%)
    - 42% pain responders daytime (15/36)                           - Uncomfortable stimulation: 9 (23%)
    - 36% pain responders nighttime (13/36)                         - Battery replacements: 18 in 13 subjects (33%)
                                                                                         van Beek et al. Diabetes Care 2018

                                                                                                                       15
Methods: SENZA-PDN
  •   Subjects with PDN of the lower limbs, refractory to conservative treatments
                                                                                                                       T8
  •   ≥5 of 10 cm on pain VAS, HbA1c < 10%, BMI < 45
  •   Independent Medical Monitors reviewed all subjects
  •   18 US centers, 216 subjects randomized 1:1
                                   Conventional medical management (CMM) alone
                                                             vs.
                                            CMM + 10 kHz SCS (Nevro Corp.)
  •   6-month follow-up assessing
        - Pain
        - Quality of life
        -   Neurological function: including diabetic foot exam w/ Semmes-Weinstein 10g
              monofilament and 40g pinprick tests
  •   Option to crossover to alternate treatment arm at 6 months
  •   Responder defined as ≥50% pain relief
  •   Analyses performed in PP population, reported as means ± 95% CI
  •   Study designed and conducted in accordance with CONSORT/SPIRIT guidelines
  •   Registered on ClinicalTrials.gov - NCT03228420
                                                                                          Mekhail et al. Trials 2020
                                                                                                                            16
Assessed for eligibility
Subject Disposition                                                                    n=430
                                                                                                                           Did not meet I/E (n=146)
                                                                                                                           Declined to participate (n=65)
                                                                                                                           End of enrollment, not randomized (n=3)
 Conventional Medical                  Intention-to-treat               103                                 113
                                                                                 Randomized n=216                                   Withdrew consent (n=5)                           10 kHz SCS
    Management                          (ITT) population
                                                                                                                                    Secondary to AE (n=3)                             + CMM
       (CMM)                                                                                                                        Lost to follow-up (n=1)

                                                                                                                   Trial
                                                                                                                  n=104                      Trial failures (n=6)
                                                                                                                                             IPG declined (n=4)
                                Lost to follow-up (n=1)
                                                                                                                                             Lost to follow-up (n=3)
                                Secondary to AE (n=1)
                                                                                                                                             Secondary to AE (n=1)
                                                                                                                Implant
                                                                                                                 n=90

                                                              1 Month                                          1 Month
                                                                n=90                                             n=90
                                                          (11 missed visits)
                  Lost to follow-up (n=2)                                                                                                    Secondary to AE (n=1)
                  Secondary to AE (n=1)

                                                              3 Month                                          3 Month                        Per-protocol (PP) population
                                                                n=96                                             n=88
                                                          (2 missed visits)                                 (1 missed visit)
                  Withdrew consent (n=2)
                                                                                                                                             Secondary to AE (n=1)
                  Lost to follow-up (n=1)

                                                              6 Month                                          6 Month                       Hierarchical analysis of
                                                                n=93                                             n=87                         secondary endpoints
                                                 (n=2 included in safety pop)                         (n=1 included in safety pop)                    Subjects missing primary endpoint visit excluded
                                                                                                                                                      from PP analyses but included in safety population   17
Baseline Characteristics
                                                              CMM         10 kHz SCS + CMM   Standardized
                                                              n = 103          n = 113        Difference
       Age in years, mean (SD)                               60.8 (9.9)       60.7 (11.4)        0.01
       Male, n (%)                                           66 (64%)          70 (62%)          0.04
       Race
         White, n (%)                                       85 (82.5%)        87 (77.0%)         0.14
         Black or African American, n (%)                   13 (12.6%)        18 (15.9%)
         Native Hawaiian or other Pacific Islander, n (%)    1 (1.0%)          3 (2.7%)
         American Indian or Alaska Native, n (%)             0 (0.0%)          2 (1.8%)
         Asian, n (%)                                        1 (1.0%)          1 (0.9%)
         Other, n (%)                                        3 (2.9%)          2 (1.8%)
       Diabetes
         Type 1, n (%)                                        3 (3%)            8 (7%)           0.19
         Type 2, n (%)                                      100 (97%)         105 (93%)
       Duration in years
         Diabetes, mean (SD)                                 12.2 (8.5)       12.9 (8.5)         0.09
         Peripheral neuropathy, mean (SD)                    7.1 (5.1)        7.4 (5.7)          0.06
       Lower limb pain VAS in cm, mean (SD)                  7.1 (1.6)         7.5 (1.6)         0.22
         < 7.5 cm, n (%)                                     57 (55%)          54 (48%)          0.15
         ≥ 7.5 cm, n (%)                                     46 (45%)          59 (52%)
       HbA1c, mean (SD)                                     7.4% (1.2%)      7.3% (1.1%)         0.11       Effect size index (Cohen’s d):
         < 7.0%, n (%)                                       40 (39%)         46 (41%)           0.04          ≥ 0.20 = small
         ≥ 7.0%, n (%)                                       63 (61%)         67 (59%)                         ≥ 0.50 = medium
        BMI, mean (SD)                                       33.9 (5.2)       33.6 (5.4)         0.06          ≥ 0.80 = large

                                                                                                                                      18
Primary Endpoint Analysis at 3 Months

 • Composite endpoint: subjects with ≥ 50%     p < 0.001
   pain relief and no worsening of baseline
   neurological deficits

     • Assessed in PP population
     • Analysis of ITT population also
       demonstrated significant difference
       between groups (p < 0.001)
     • 10 kHz SCS safe and effective for PDN

                                                     CMM        10 kHz SCS + CMM
                                                     (n = 94)        (n = 87)

                                                                                   19
Pain Relief over 6 Months

                                                  CMM (n = 93)

                                                  10 kHz SCS + CMM
                                                       (n = 87)

              Baseline      3 Months   6 Months

                                                                     20
Individual Pain Relief at 6 Months
                                          5% responders                       85% responders
                                            (n = 5/93)                     (n = 74/87, p < 0.001)
                                          1% remitters                    60% remitters (p < 0.001)
                            -2%
  Individual Subjects

                            average
                            pain relief

                                                                                                                        76%
                                                                                                                     average
                                                                                                                   pain relief
                        %                   %                     %   %            %            %           %           %            %

                                  Change from baseline pain VAS            Change from baseline pain VAS

                                                CMM                            10 kHz SCS + CMM
                                                                                Remission defined as pain VAS ≤ 3.0 cm for 6 consecutive months
                                                                                                                                          21
Investigator Assessed Neurological Improvement

                                             Did the investigator note improvement at 6 months
                                             compared to baseline in motor, sensory, or reflex function,
  Neurological examination:                  without deterioration in any category?
  • Lower limb motor strength
  • Light touch sensation L1-S1                            p < 0.001
  • Reflexes: patellar, Achilles, Babinski
  • 10-point foot assessment
     • pinprick
     • 10-g monofilament

                                                                 CMM         10 kHz SCS + CMM
                                                                (n = 92)           (n = 84)

                                                                                                           22
Patient Reported Reduction in Dysesthesias with 10 kHz SCS
               Baseline         6 Months                                                   Baseline         6 Months
            Front     Back   Front     Back                                             Front     Back   Front     Back

                                                    Proportion of subjects

                                                                                                                                Proportion of subjects
                                              80%                                                                         80%

                                              60%                                                                         60%
Numbness                                                                     Tingling
                                              40%                                                                         40%
 (n = 31)                                                                    (n = 20)
                                              20%                                                                         20%

                                               0%                                                                          0%

                                              80%

                                                    Proportion of subjects

                                                                                                                                Proportion of subjects
                                                                                                                          80%

                                              60%
                                                                                                                          60%
 Burning                                                                      Cold
                                              40%                                                                         40%
 (n = 15)                                                                    (n = 16)
                                              20%                                                                         20%

                                               0%                                                                          0%

                                                                                                                           23
Study-Related Adverse Events
                                                     CMM          10 kHz SCS + CMM
                                                     n = 103            n = 113
  Total study-related AEs, n (# of subjects, %)   None reported     18 (14, 12.4%)
    Rated as Serious AEs                                -             2 (2, 1.8%)

  Study-related AEs by type                                                          Reported SCS infection rates:
    Infection                                           -             3 (3, 2.7%)    •   2.45%   (Hoelzer et al. 2017)
    Wound dehiscence                                    -             2 (2, 1.8%)    •   2.5%    (PDN RCT, de Vos et al. 2014)
    Incision or IPG discomfort                          -             2 (2, 1.8%)    •   3.4%    (Kumar et al. 2006)
    Irritation from surgical dressings                  -             2 (2, 1.8%)    •   4.5%    (Mekhail et al. 2011)
    Impaired healing                                    -             1 (1, 0.9%)    •   4.5%    (PDN RCT, Slangen et al. 2014)
    Device extrusion                                    -             1 (1, 0.9%)    •   8.9%    (Diabetes cohort, Mekhail et al. 2011)
    Lead migration                                      -             1 (1, 0.9%)
    Radiculopathy                                       -             1 (1, 0.9%)
    Uncomfortable stimulation                           -             1 (1, 0.9%)
    Gastroesophageal reflux                             -             1 (1, 0.9%)
    Myalgia                                             -             1 (1, 0.9%)
    Arthralgia                                          -             1 (1, 0.9%)
    Hyporeflexia                                        -             1 (1, 0.9%)

                        •    Of 90 permanent implants, 2 devices explanted d/t infection (2.2%)
                                                                                                                                      24
Quality of Life Improvements at 6 Months

Always
   Sleep VAS (cm)

Never
                    Baseline   3 Months   6 Months

                                             CMM     10 kHz SCS + CMM
                                          (n = 93)      (n = 87)

                                                                        25
Preliminary Health Economic Trends
   Health-related QoL improvement

                           Average EQ-5D-5L Index
                                                                                       CMM (n = 92)

                                                                                       10 kHz SCS + CMM
                                                                                            (n = 87)

                                                                           p < 0.001

                                                    Baseline   3 Months   6 Months
   Opioid reduction
   • Decreased or eliminated: 23% of 10 kHz SCS subjects vs 8% of CMM subjects
   • Increased: 2% of 10 kHz SCS subjects vs 11% of CMM subjects

   Reduced hospital & ED visits
   • Over 6 months, there were 7 fewer visits per 100 patients in the 10 kHz SCS group
      • 1.35 visits/CMM subject vs 1.27 visits/10 kHz SCS subject, difference = 0.07 visits/subject
                                                                                                          26
Pain Relief Beyond 6 Months

 Criteria for crossover at 6 months:                                      10 kHz SCS +
                                                              CMM
  • < 50% pain relief                                                        CMM
  • dissatisfied with treatment
                                         Met criteria to        88%            0%
  • Investigator agrees that it is        crossover           (82/93)        (0/87)
      medically appropriate
                                         Met criteria and       82%            0%
                                                                                           p < 0.001
                                       elected to crossover   (76/93)        (0/87)

    Study status:
    • All crossover implants were completed late 2020
    • All subjects originally randomized to 10 kHz SCS have completed 12-month follow-up

                                                                                                       27
Pain Relief Beyond 6 Months

                                                Average Pain
                                                        Average
                                                             Scores
                                                                 Pain
                                                                    & Scores
                                                                      Responder Rates

                                                                                                           Proportion of responders
       Lower limb pain VAS (cm)

                                                                                                                                      CMM (n = 93)

                                                                                                                                      10 kHz SCS
                                                                                                                                       + CMM
                                                                                                                                        (n = 87)

                                  Baseline    1 Month     3 Months    6 Months    9 Months    12 Months
                                   (n = 87)    (n = 87)    (n = 87)    (n = 87)    (n = 82)     (n = 84)

                                                                                                                                                   28
Conclusions
                                                                                          SENZA-PDN Investigators
• Study primary endpoint met - A large proportion of
  subjects benefited from 10 kHz SCS
                                                            Kas Amirdelfan     Matthew Bennett       Rick Bundschu             Paul Chang        Heejung Choi      Michael Creamer

• Met 7 of 8 prespecified secondary endpoints showing
  clear differences from the best available medical
  treatments
                                                           David DiBenedetto    Vincent Galan        Gennady Gekht           Johnathan Goree    Maged Guirguis     Nathan Harrison

• 10 kHz SCS is a safe and effective treatment for PDN
  patients with symptoms refractory to CMM

                                                                                                          Ali Nairizi         Denis Patterson   Christopher Paul   Dawood Sayed
• Sensory improvements observed in many patients with         Nandan Lad         Neel Mehta

  10 kHz SCS

• Durability of 10 kHz SCS shown over 12 months              Jim Scowcroft       Khalid Sethi             Shawn Sills         Thomas Stauss Kostandinos Tsoulfas     Judith White

• Study follow-up will continue for 24 months total with
  further evaluation of health economics
                                                                                                Paul Wu                 Jijun Xu            Cong Yu

                                                                                                                                                                               29
Spinal Cord Stimulation at 10kHz for Non-Surgical
 Refractory Back Pain: Multicenter RCT Primary
                Endpoint Results

               Leonardo Kapural, MD, PhD
            Medical Director, Carolinas Pain Institute

                                                         30
Presenting on behalf of the NSRBP investigators:
• Jessica Jameson, MD, Axis Spine Center, Coeur d’Alene, ID
• Naresh Patel, MD, Mayo Clinic, Phoenix, AZ
• Curtis Johnson, MD, James Scowcroft, MD, Midwest Pain Management Center, Overland Park, KS
• Aaron Calodney, MD, Texas Spine and Joint Hospital, Tyler, TX
• Srinivas Nalamachu, MD, Daniel Kloster, MD, Mid-America Polyclinic, Overland Park, KS
• Peter Kosek, MD, Oregon Neurosurgery Specialists, Springfield, OR
• Julie Pilitsis, MD, PhD, Albany Medical Center, Albany, NY
• Markus Bendel, MD, Mayo-Clinic, Rochester, MN
• Erika Petersen, MD, University of Arkansas for Medical Sciences, Little Rock, AR
• Shivanand P. Lad, MD, PhD, Duke University Medical Center, Durham, NC
• Chengyuan Wu, MD, MSBmE, Thomas Jefferson University Hospitals, Philadelphia, PA
• Taissa Cherry, MD, Kaiser-Permanente, Redwood City, CA
• Cong Yu, MD, Swedish Health Services, Seattle, WA
• Dawood Sayed, MD, University of Kansas Hospital, Kansas City, KS ,, MD7, David Caraway, MD, PhD10

                                                                                                      31
Introduction
                                                                                                                Chronic Back
 What is Non-Surgical Refractory Back Pain (NSRBP)?                                                               Pain and
                                                                                                               Surgery -Naive
     Study Objective:
                                                                                                                Refractory to
     • Few treatment options exist for NSRBP patients                                                           Conventional
                                                                                                                  Medical
     • Need to produce level 1 evidence* comparing                                                              Management

       10 kHz SCS to Conventional Medical
       Management (CMM) for treatment of NSRBP in
                                                                                                                 Not a good
       terms of clinical and cost-effectiveness                                                                 candidate for
* Current evidence is limited:                                                                                    Surgery
1. Al-Kaisy A, et al. Long-Term Improvements in Chronic Axial Low Back Pain Patients Without Previous Spinal
Surgery: A Cohort Analysis of 10-kHz High-Frequency Spinal Cord Stimulation over 36 Months. Pain Med.
2018;19(6):1219-1226.
2. Al-Kaisy A. et al. 10 kHz spinal cord stimulation for the treatment of non-surgical refractory back pain:
subanalysis of pooled data from two prospective studies. Anaesthesia. 2020;75(6):775-784.                                         NSRBP
3. Ahmadi SA et. al. High-Frequency Spinal Cord Stimulation in Surgery-Naive Patients-A Prospective Single-
Center Study. Neuromodulation. 2017;20(4):348-353.                                                                              Population
                                                                                                                                         32
Study Design
• Randomization 1:1 to
    • 10kHz SCS + CMM
    • CMM Alone
    • N = 216
• Main Inclusion
    • Not a candidate for back surgery based on spine
      surgeon assessment
    • No previous back surgery
    • Back pain > 5 cm on VAS
    • Predominantly neuropathic pain
• Primary Endpoint – 3 Months
    • Comparison of Responder Rate (≥ 50% Pain Relief)
• Secondary Endpoints – 6 Months
    • disability, pain relief, global impression of change,
      quality of life, opioid use
• All Endpoints assessed at 12 and 24 months
   Study Design published: Pain Practice August 16, 2020
   https://doi.org/10.1111/papr.12945
                                                              33
Conventional Medical Management (CMM)
Study Guidelines                            Examples
• The choice of appropriate medical         • Oral medications (analgesics, nonsteroidal anti-
  management will be made by the              inflammatory drugs, anticonvulsants,
  Investigator -best standard of care for     antidepressants, counter-irritants)
  each individual patient.                  • CPPM (combined physical and psychological
                                              management)
• Appropriate interventional procedures     • Physical therapy
  should have been tried prior to           • Back rehabilitation program
  enrollment in the study, and ongoing
  beneficial treatments may be              • Spinal manipulation and spinal mobilization
  continued.                                • Traction
• Protocol specifies invasive               • Acupuncture
  interventional procedures (e.g. facet     • Cognitive behavioral therapy (CBT)
  blocks, nerve blocks, and RFA) should     • Biofeedback
  not be performed within 4 weeks           • Nerve blocks
  leading up to a follow-up visit so        • Epidural steroid injections
  patient in stable state                   • Transcutaneous electrical nerve stimulation (TENS)
                                                                                                   34
Results: Subject Disposition                                        Enrolled
                                                                    N = 211
                                                                                         Screen Fail
                                                                                       N = 52 (24.6%)
   Pre-specified interim analysis showed study                     Randomized
   had the power to meet its primary endpoint,                       N = 159
         so enrollment was stopped early

                                                           CMM                  HF10 + CMM
                                                           N =76                   N =83
                                            Withdrawals                                                 Withdrawn
                                            N = 1 (1.3%)                                                N=3 (3.6 %)

                                                                                  Trial                      Trial Failures
                                                                                  N=80                       N=6 (7.5 %)

                                                                                                                  Withdrawn
                                                                                  Implant                         N= 6 (7.2 %)
                                                                                   N =68

                                                           CMM                  HF10 + CMM
                                  3 M Primary Endpoint     N =75                   N =68
                                                                                                                                 35
Results: Demographics
                                                                  CMM                            10kHz-SCS+CMM
                                                         (n = 76)            95%CI            (n = 83)           95%CI
   Age, median (range), year                          58.5 (26 - 77)     (53.5 - 58.9)    53.0 (29 - 87)      (51.8 - 57.1)
   Female (%)                                          40 (52.6%)        (40.8 - 64.2)      49 (59.0%)        (48.9 - 70.8)
   BMI, median (range) kg/m2                        30.5 (18.7 - 49.8)   (29.3 - 32.2)   31.4 (19.2 - 49.8)   (30.4 - 33.3)
   Years since diagnosis median (range)              8.1 (1.1 - 59.3)     (8.7 - 14.1)    8.5 (0.4 - 51.7)    (9.25 - 13.6)
   Back Pain VAS, median (range)                      7.2 (4.5 - 9.9)      (7.0 - 7.5)    7.6 (4.0 - 10.0)     (7.1 - 7.7)
   Leg Pain VAS, median (range)                       4.6 (0.0 - 8.5)     ((3.2 - 5.1)    4.9 ( 0.0 - 8.7)     (3.9 - 5.6)
   Pain Etiology                                          n (%)                                n (%)
                       degenerative disk disease       52 (68.4%)        (56.7 - 78.6)      60 (72.3%)        (61.4 - 81.6)
                                     spondylosis       49 (64.4%)        (52.7 - 75.1)      47 (56.6%)        (45.3 - 67.5)
                                   radiculopathy       35 (46.1%)        (34.5 - 57.9)      34 (41.0%)        (30.3 - 52.3)
                mild / moderate spinal stenosis        24 (31.6%)        (21.4 - 43.3)      23 (27.7%)        (18.4 - 38.6)
                     spondylolisthesis (Grade I)        9 (11.8%)         (5.6 - 21.3)       7 (8.4%)          (3.5 - 16.6)
          internal disc disruption / annular tear       6 (7.9%)          (3.0 - 16.4)       8 (9.6%)          (4.2 - 18.1)
                          sacroiliac dysfunction        5 (6.6%)          (2.2 - 14.7)       3 (3.6%)          (0.7 - 10.2)
      Other chronic back pain without sciatica          3 (3.9%)          (0.8 - 11.1)       2 (2.4%)           (0.3 - 8.4)
                                                                                                                              36
Results: Primary Endpoint at 3 Months
• Primary Endpoint met with a superior
                                                                       100%
  responder rate for the 10kHz SCS+CMM                                            80.9%

                                             Responder Rate (±95%CI)
                                                                                                         p < 0.001
  arm over CMM in Intent-to-Treat analysis                             80%
  (p < 0.001)
                                                                       60%
• Per-Protocol analysis is shown comparing
                                                                       40%
  responders (≥ 50% pain relief) between
  groups                                                               20%
                                                                                                  1.3%
                                                                        0%
                                                                              10 kHz SCS + CMM    CMM
                                                                                   (n = 68)      (n = 75)

                                                                                                                     37
Results: Pain Relief from Baseline
3 Months
               10KHz-SCS + CMM10                                                                  CMM
                    % Pain Relief                                                              % Pain Relief
  -60% -40% -20%   0% 20% 40%              8
                                         60%       80% 100%                  -60% -40% -20%   0% 20% 40%       60%    80% 100%
                                                                 *
                                                              p < 0.001
                                               6
                                    VAS (CM)
                                               4         7.5                        7.2     7.2
                                               2
                                                                     1.9
                                               0
                                                     10kHz-SCS+CMM
                                                     10kHz-SCS+CMM
                                                      51.5% at ≥ 80% PR                 CMM
                                                                  Baseline    3 Month
                                        80.9% at ≥ 50% PR
             Responder      Non-Responder                                                 Responder   Non-Responder
                         (n=68)                                                                   (n=74)                         38
Results: Safety

   All study related AE in first 3 months were in 10kHz-SCS+CMM arm
      • Events and rates were typical including: 3 pocket pain (4%), 2 slow wound
        healing (3%), 2 infection (3%), and 2 lead migration (3%)

   2 study related SAE, both procedure related, were resolved
      • Severe lethargy due to post-implant medication
      • Osteomyelitis of lumbar spine

                                                                                    39
Results: Change in Disability (Oswestry Disability Index)
                     100
                                                                          MCID* = 10 pts
                            80
                                   24 pt ↓                    2.1 pt ↑
          ODI Total Score

                                   *p< 0.001
                            60
                                                  Severe
                                                 Disability                       >2/3 improved by
                            40
                                                 Moderate                         one or more
                                   46.8          Disability   47.4 49.5
                            20                                                    disability categories
                                                 Minimum
                                          22.4
                                                 Disability
                             0
                                 10kHz-SCS+CMM
                                 10kHz-SCS+CMM                 CMM
                                                               CMM
                                          Baseline     3 Month

                                                                            *Minimum Clinically Important Difference
                                                                                                                   40
Results: Patient Global Impression of Change
              A great deal better                              35.3%
                                      0.0%
      88.2%               Better
                                          1.3%
                                                              33.8%

              Moderately better                       19.1%
                                      0.0%

               Somewhat better             4.4%
                                          2.6%

                   A little better        1.5%
                                              7.9%

                Almost the same           2.9%
                                                           27.6%

                      No Change           2.9%
                                                                                 59.2%

                                     0%              20%        40%         60%          80%
                                                      Population Reporting (%)
                                             10kHz-SCS+CMM          CMM
                                                 (n=68)            (n=75)                      41
Discussion
 • Primary endpoint achieved in largest study in this population
 • Results achieved with 10kHz SCS in this NSRBP population is
                                                                      1
   equivalent to RCT in predominant failed back surgery syndrome
                                                               2
 • Safety profile as expected in this post-market population
 • Reduction in disability reflected significant change in ability to
   perform daily activities which was also reflected in patient’s
   impression of change
 1. Kapural L, Yu C, Doust MW, et al. Novel 10-kHz High-frequency Therapy (HF10 Therapy) Is Superior to Traditional Low-frequency Spinal
 Cord Stimulation for the Treatment of Chronic Back and Leg Pain: The SENZA-RCT Randomized Controlled Trial. Anesthesiology.
 2015;123(4):851-860.

 2. Mekhail NA, Mathews M, Nageeb F, Guirguis M, Mekhail MN, Cheng J. Retrospective review of 707 cases of spinal cord stimulation:
 indications and complications. Pain Pract. 2011;11(2):148-153.

                                                                                                                                           42
RESCUE Study¹
Background:
•   Retrospective multi-center study of 120 patients who had
    failed traditional SCS
•   105 evaluable subjects replaced with Senza IPG or full
    system delivering HF10. 96 subjects had 16 contact leads.
•   Minimum 12-month follow-up, 2-year median
Results:
•   81% of patients (85/105) patients improved with 50% or
    more long term pain relief with HF10
•   90% of patients achieved at least 30% pain relief with
    HF10
•   Baseline average VAS of 8.4 decreased to 3.36 at most
    recent visit (24 months median; range 1-4 years)
•   Baseline opioid daily dose of 60.3 mg reduced to 44 mg at                                                               n=105
    12 months

                                                             1. Kapural et al, Journal of Pain Research 2020:13 2861–2867
                                                                                                                                    43
RESCUE Study
Key Findings:
• HF10 is an effective therapeutic option to "rescue" failed traditional SCS
  patients and can provide these patients long term relief from chronic
  pain.
• The large difference in sustained effect size with HF10 treatment after
  failed conventional SCS further supports that HF10 operates with a
  frequency dependent mechanism of action.
• The RESCUE study further reinforces the importance of access to 10kHz SCS
  combined with versatility of multiple waveforms to achieve best possible
  outcomes.

                                                                               44
EARLY CLINICAL EXPERIENCE
WAVEFORM PAIRING
                                                                                             n=230 patients
 Waveform Pairing may improve
 outcomes in select difficult patient                                                        Ave duration of IPG                      755.1 ± 29.3 days
                                                                                             (mean ± SEM)                             (approx. 2.1 years)
 populations
                                                                                             Follow-Up                                239 ± 13.1 days
                                                                                             (mean ± SEM)

                                                                                                                                      •     Back = Leg – 46.5%
                                                                                             Indication breakdown                     •     Predominant Back – 27.4%
           Frequency Pairing               Burst10K                                                                                   •     Other – 17.3%
                                                                                                                                      •     Predominant Leg – 8.8%
• Across 17 clinics in Australia, patients
  (n=230) were provided waveform                                                                                                      •     Frequency Pairing – 203/230*
                                                                                             Waveform Pairing
                                                                                                                                      •     Burst10K – 39/230*
  pairing programming (Frequency                                                                                                             *Some patients were offered more than one pairing option
  Pairing or Burst10k) to optimize their
  treatment

 Russo, M et al. Improved Versatility and Frequency Pairing Capabilities with 10 kHz Spinal Cord Stimulation for the Treatment of Chronic Pain. E-Poster presented at the North American
 Neuromodulation Society Meeting 2021 Orlando, FL.
                                                                                                                                                                                                        45
EARLY CLINICAL EXPERIENCE
MCID PAIN RELIEF
                                            Proportion of patients reporting a minimum
                                              clinical important difference3 in pain
                                              relief prior to undergoing these alternate
                                              programming options was reported to be
                                              52.1%.

                                            This notably improved to 74.6% at an
                                              average follow-up of 239 ± 13.1 days.

 3. Dworkin et al. J Pain. 2008;9:105–121
                                                                                           46
EARLY CLINICAL EXPERIENCE
RESPONDER RATE

     Responder rate (≥50% pain relief) improved from 34.8% prior to additional programming to 57.5% at last follow-up.
                                                                                                                         47
EARLY CLINICAL EXPERIENCE
IMPROVED QUALITY OF LIFE
                            At last follow-up:

                            • 63% of patient reported
                              improved function

                            • For those using analgesics at
                              baseline, 86% reported stable
                              or decreased medications
                                   • 34% reduced their
                                     intake

                                                              48
Conclusion
Promising results using waveform pairing of LF or Burst with 10,000 Hz in difficult to treat
patients

Clinically meaningful improvements at last follow-up (average. 239 ± 13.1 days)
- MCID in pain relief improved from 52.1% to 74.6%
- Responder rates improved from 34.8% to 57.5%
- Improved function in 62.7% of patients
- Reduction in pain medications in 33.5% of patients

Here we demonstrate that increased versatility and paired waveforms may help improve
                   therapeutic outcomes in difficult populations

                                                                                               49
Closing Comments

  D. Keith Grossman

                      50
Question and Answer Session
D. Keith Grossman – Chairman, CEO & President

David Caraway, MD, PhD – Chief Medical Officer

Rod MacLeod – Chief Financial Officer

                                                 51
Thank You

            52
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