The people pictured here are some of the many friends and family of Agios employees affected by cancer. All of us at Agios are passionate about transforming patients lives. This is our vision and what motivates, inspires, and drives us. Agios Pharmaceuticals – CONFIDENTIAL January 2014 Exhibit 99.1 |
2 This presentation and various remarks we make during this presentation contain forward-looking statements of Agios Pharmaceuticals, Inc. within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding Agios’ expectations and beliefs about its business, plans and prospects. The words “believe,” “expect,” “could,” “should,” “will,” “would,” “may”, “anticipate” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this presentation and in remarks made during this presentation are subject to important risks and uncertainties that may cause actual events or results to differ materially from Agios’ current expectations and beliefs, including risks and uncertainties relating to: Agios’ ability to successfully commence and complete preclinical and clinical development of its product candidates; results of clinical trials and preclinical studies; Agios’ ability to maintain its collaboration with Celgene on acceptable terms; the content and timing of decisions made by regulatory authorities, investigational review boards and publication review bodies; unplanned cash requirements and expenditures; competitive factors; Agios’ ability to obtain, maintain and enforce intellectual property protection; Agios’ capital requirements and need for funding; and general economic and market conditions. These and other risks are described under the caption “Risk Factors” in Agios’ most recent Quarterly Report on Form 10-Q, which is on file with the SEC, and in other filings that Agios may make with the SEC in the future. Any forward-looking statements contained in this presentation or in remarks made during this presentation speak only as of the date hereof, and Agios expressly disclaims any obligation to update any forward- looking statements, whether as a result of new information, future events or otherwise. Cautionary Note Regarding Forward-Looking Statements |
Driven By Clear Corporate Vision and Values VISION Agios is passionately committed to the fundamental transformation of patients’ lives through scientific leadership in the field of cancer metabolism and inborn errors of metabolism |
4 Agios Pharmaceuticals – CONFIDENTIAL A leader in field of dysregulated cellular metabolism – a breakthrough area for drug discovery and development Biomarkers for patient selection for every program Agios leadership team is highly accomplished in drug development and commercialization SAB members include leading researchers in cancer metabolism and IEMs IDH candidates: AG-221 in clinical trial and AG-120 expected in clinical trials in early 2014 Lead IEM candidate: AG-348 expected in clinical trials in mid-2014 Cancer metabolism collaboration with Celgene Runway to drive multiple programs to meaningful milestones Disruptive Area of Biology Precision Medicine Experienced Leadership Robust First in Class Pipeline Strong Financial Position Building a Great Multi-product Company |
5 Agios Pharmaceuticals – CONFIDENTIAL David Schenkein, M.D. Chief Executive Officer and Director Previously, SVP of Clinical Hematology / Oncology at Roche / Genentech and SVP of Clinical Research at Millennium Pharmaceuticals Duncan Higgons Chief Operating Officer Scott Biller, Ph.D. Chief Scientific Officer Previously, VP and Head of global discovery chemistry for the Novartis Institutes for Biomedical Research Glenn Goddard Senior Vice President Finance Michael Su, Ph.D. Senior Vice President, R&D Marion Dorsch, Ph.D. Vice President , Biology John Evans Vice President, Business Development & Operations Min Wang, J.D., Ph.D. Vice President Legal Affairs Camille Henderson, Ph.D. Director of Human Resources Management Agios Leadership Board of Directors David Schenkein, M.D. 20+ yrs experience in hematology and medical oncology Kevin Starr (Chairman) – Third Rock Ventures Partner of Third Rock Ventures Lew Cantley, Ph.D. – Agios Co-Founder Director of the Cancer Center at Weill Cornell Medical College and New York-Presbyterian Hospital Doug Cole, M.D. – Flagship Ventures General Partner of Flagship Ventures Perry Karsen – Celgene CEO of Celgene Cellular Therapeutics John Maraganore, Ph.D. – Alnylam CEO and Director of Alnylam Bob Nelsen – ARCH Venture Partners Co-founder and Managing Director of ARCH Venture Partners Marc Tessier-Lavigne , Ph.D. – Rockefeller University President of the Rockefeller University Paul Clancy – Biogen Idec CFO of Biogen Idec |
6 Agios Pharmaceuticals – CONFIDENTIAL Flux biochemistry is a critical systems biology approach that has enabled Agios to drive groundbreaking clinical insights Deep Understanding of Metabolic Pathways Drives Development of Transformational Medicines Metabolic Flux Analysis Enabled by 13 C labeled nutrients and informatics Static view Flux Biochemistry How many metabolites exist in a single point at a given moment in time? How quickly are metabolites moving along enzymatic pathways? Which enzyme is the “Achilles heel” that a cancer depends upon for growth or can have therapeutic impact for an IEM? High Throughput Mass Spec Analysis Cell Culture In house Vivarium Patient Samples |
Research Development Upcoming Milestones Est. # of Patients Primary Commercial Rights Novel First-in-Class Portfolio: Precision Medicine Approach Development Programs: Agios Pharmaceuticals – CONFIDENTIAL AG-221 (IDH2m inhibitor) AG-120 (IDH1m inhibitor) Cancer Metabolism Multiple Monogenic Diseases AG-348 (Pyruvate kinase (R) activator) IND filed Ph1 on-going IND-enabling studies Multiple cancers ~31,000 Multiple cancers ~11,000 FIH studies Early 2014 FIH studies Mid-2014 ex-US Rts US Rts Inborn Errors of Metabolism Multiple Novel Targets Research Programs: PKD Expansion Cohorts Late 2014 1,000 – 3,000 (U.S.) |
New Targets Validated Program Development Candidate Phase 1 Multiple Ascending Dose Study Agios maintains full control over research and early development (Phase 1) Celgene confirms and commits to program Program licensed Split License 1 of 3 Programs Co-commercialize License 2 of 3 Programs U.S. rights $120mm milestones Funds 50% of development costs WW rights Funds 100% of development & commercial costs Ex-U.S. rights costs $120mm milestones U.S. sales participation rights Royalties on WW sales (low double digits) Celgene option term Original term: 2010-2013 Extended for one year through 2014 for $20mm Further extensions of up to two additional years, for up to $40mm Validated programs to be split at end of option term Agios Pharmaceuticals – CONFIDENTIAL 8 Cancer Metabolism Product |
CANCER METABOLISM AG-221 (IDH2M INHIBITOR) AG-120 (IDH1M INHIBITOR) |
10 Agios Pharmaceuticals – CONFIDENTIAL 1920s 1970s 2000s Otto Warburg Normal tissue Warburg Effect PET Scans Hallmarks of Cancer HALLMARKS OF CANCER: THE NEXT GENERATION Douglas Hanahan and Robert A. Weinberg Link between Dysregulated Cellular Metabolism and Cancer is a Proven Concept |
11 Agios Pharmaceuticals – CONFIDENTIAL Metabolome: 50-100 novel targets Mutations in key metabolic enzymes (e.g. IDH) Cancer specific isoforms of metabolic regulating enzymes Dysregulated metabolic pathways within cancer cells Metabolome: Untapped Opportunity For Novel Therapeutic Targets |
12 2HG Two normal metabolic enzymes (IDH1 and IDH2) mutated in a wide range of cancers Agios makes discovery that IDH mutants create the oncometabolite 2-hydroxyglutarate (2HG) — Gain of function with a new metabolic pathway Emergence of IDHm Targets validates Agios’ approach 2009 Agios Pharmaceuticals – CONFIDENTIAL |
13 Agios Pharmaceuticals – CONFIDENTIAL Product Indication % IDHm Est. # pts.*** Low grade glioma & 2 ary GBM** 70% 11,000 Chondrosarcoma >50% 4,600 Acute Myeloid Leukemia (AML) 7.5% 3,600 MDS/MPN 5% 2,000 Intrahepatic Cholangiocarcinoma 20% 1,600 Others* (colon, melanoma, lung) 1-2% ~8,000+ Acute Myeloid Leukemia (AML) 15% 7,200 MDS/MPN 5% 2,000 Angio-immunoblastic NHL 25% 400 Others* (melanoma, glioma, chondro) 3-5% 1,500 Type II D-2HG Aciduria (Inborn Error of Metabolism) 100% 50 reported IDH1m (~31,000*) (~11,000*) *** Includes “basket” of emerging unconfirmed indications; all patient populations being further refined with new sequencing *** Includes 8.5% of Primary GBM *** Estimated, U.S. + EU27 + JP incidence IDH1m and IDH2m: Two Distinct Genetically Defined Patient Populations Patient populations being refined continuously with new sequencing and literature |
14 Agios Pharmaceuticals – CONFIDENTIAL 2-Hydroxyglutarate, an Oncometabolite: A Surrogate for Treatment Effect & Clinical Benefit SPECIFIC MEASURABLE CAN BE IMAGED Brain Tumor Samples Blood Samples MRI / MRS *Linda Liau / UCLA 2HG |
IDH Mutations and 2-hydroxyglutarate DIFFERENTIATION BLOCKED Differentiation Mature Cell Normal Cell Death / HOMEOSTASIS HSC Progenitor DIFFERENTIATION RESTORED Isocitrate KG 2HG Inhibitor Inhibitor HSC Progenitor Isocitrate KG 2HG 2HG Epigenetic “Re-Wiring” Unchecked Cell Proliferation CANCER Progenitor Agios Pharmaceuticals – CONFIDENTIAL |
16 Agios publication in Science (2013) Lower blast count and higher percentage of differentiated cells in AG-221 treated samples Agios Pharmaceuticals – CONFIDENTIAL AG-221 Can Reverse Differentiation Block in Primary Patient Samples |
17 Compelling in vivo single agent survival benefit in aggressive IDH2m AML model AG-221 treated animals also have: — Lower 2HG level and tumor burden — Dose-dependent increase in markers of differentiation Agios Pharmaceuticals – CONFIDENTIAL AG-221 Induces Dose-Dependent Survival Benefit |
18 “3 + 3” Design All patients IDH2m+ Assess safety, PK Assess 2HG levels, differentiation, efficacy Foundation One™ test for broad genomic profile AML MDS MPD Solid tumors Combination with standard of care and/or targeted agents D2HGA Trigger additional development based on data Agios Pharmaceuticals – CONFIDENTIAL AG-221 (IDH2m Inhibitor) Summary Hematologic malignancies Phase 1 dose escalation Multiple expansion cohorts Potential for rapid entry into definitive efficacy trials in IDH2m+ patients MTD Clinical Plan AG-221: Potent & selective inhibitor of IDH2 mutations — Potent (IC50 = 12nM) and reversible IDH2m inhibitor — Once or twice daily oral dosing Phase 1 started in Q3-2013, enrollment on track Profile and Status |
19 Acute Myelogenous Leukemia Agios Pharmaceuticals – CONFIDENTIAL Most common acute leukemia affecting adults - ~15,000 patients diagnosed per year in US - Average age of diagnosis 50-70 Dismal long term survival rate - ~10,000 deaths per year in US - Long term survival varies widely by age and risk factors Goal of therapy is to induce remission - Most patients receive cytotoxic chemotherapy - Transplant is goal for cure for younger patients IDH mutation occurs in up to 25% adult AML patients Precedent for differentiation therapy - All Trans Retinoic Acid (ATRA) induces remissions in rare form of AML (APL) |
20 Agios Pharmaceuticals – CONFIDENTIAL AG-120 (IDH1m Inhibitor) Summary AG-120: Potent & selective inhibitor of IDH1 mutations — Potent (IC50 = 8nM) and reversible IDH1m inhibitor — Once or twice daily oral dosing On track for Phase 1 in early 2014 Profile and Status Clinical Plan Hematologic malignancies Phase 1 dose escalation Multiple expansion cohorts Potential for rapid entry into definitive efficacy trials in IDH1m + patients MTD Solid tumors Phase 1 dose escalation Multiple expansion cohorts MTD AML, MDS, MPD IHCC, chondrosarcoma, glioma, others “3 + 3” design All patients IDH1m+ Assess safety, PK Assess 2HG levels, differentiation, efficacy Foundation One™ test for broad genomic profile Combination with standard of care and/or targeted agents Trigger additional development based on data |
21 Chondrosarcoma Rare malignant cancer of cartilage & bone Majority of tumors are incurable Surgery followed by chemotherapy are standard of care - No targeted therapies available ~50% high grade tumors are IDHm + - Data evolving, could be higher, mIDH1>2 Cholangiocarcinoma Rare cancer of the bile ducts Majority of tumors are incurable Chemotherapy & radiation are standard of care - No targeted therapies available - 5-year survival <5% IDHm occurs in up to 25% intrahepatic subtype - Data evolving, mIDH1>>2 IDHm in Chondrosarcoma & Cholangiocarcinoma Agios Pharmaceuticals – CONFIDENTIAL |
22 2HG Agios Pharmaceuticals – CONFIDENTIAL Two normal metabolic enzymes (IDH1 and IDH2) mutated in cancers — Gain of function with a new metabolic pathway — Agios discovered that IDH mutants create the oncometabolite 2HG Agios elucidated the mechanism of 2HG as a oncometabolite — Blocks normal differentiation via multiple downstream effects — Initiating and driving event based on animal studies — Correlated with disease - excellent biomarker IDH – a genetically validated target in many solid and hematologic cancers — IDH1m: ~31,000 patients — IDH2m: ~11,000 patients Developing breakthrough medicines — Novel and potent, orally-active, selective inhibitors developed — Compelling preclinical validation — IDH2 inhibitor in Phase 1/2 trial; IDH1 inhibitor anticipated in clinical trials in early 2014 Emergence of IDH Target is a Fundamental Component of Agios’ Cancer Metabolism Program |
INBORN ERRORS OF METABOLISM AG-348 (PYRUVATE KINASE DEFICIENCY) |
24 Agios Pharmaceuticals – CONFIDENTIAL ERT – Traditional Therapeutic Approach Vast majority of IEMs lack therapeutic options: Unaddressed IEMs Significant unmet need Enzyme Replacement Therapies (mostly Lysosomal Storage Disorders) High unmet medical need Identifiable patient population Clear path to clinical approval Minimal time to Proof of Concept POC evidence or hypothesis Clinical and regulatory path validated Agios Approach – Transformative Potential to Correct Metabolic Pathway Defects with Small Molecules Characteristics of Potential Target Candidates Agios Approach to Inborn Errors of Metabolism Enzyme 1 Metabolite B pool Metabolite C pool Metabolite A pool Enzyme 2 (activated) Enzyme 1 Metabolite C pool Metabolite A pool Re-activate mutant enzyme Enzyme 3 (bypassed) Reroute/rebalance pathway Block production of toxic metabolites |
25 Pyruvate Kinase (PK) Deficiency: Rare Hematological IEM Without Therapy Agios Pharmaceuticals – CONFIDENTIAL Autosomal recessive disorder characterized by chronic hemolytic anemia Rare genetic disease - Estimated 1,000-3,000 in USA Poor prognosis - Presents in infancy or childhood with severe hemolytic anemia and jaundice - No disease-altering therapies - Transfusions and splenectomy common to manage symptoms - Lifelong risks from chronic hemolysis and iron overload Blood smear in PKD |
Therapeutic Approach to Treating PK Deficiency Agios Pharmaceuticals – CONFIDENTIAL Normal Red Blood Cell PK-Deficient Red Blood Cell Restored Red Blood Cell Glucose Glucose HEMOLYSIS Glycolysis is the only source of energy (ATP) for red blood cells PKR enzyme catalyzes the final step in glycolysis in red blood cells In PK Deficiency, low PKR activity leads to low ATP levels and high rate of hemolysis in red blood cells Agios has developed AG-348, a small molecule activator that restores activity of mutant PKR |
27 Compound heterozygous patients have 3-10% residual activity - Parents each carry one mutation, clinically normal with partial activity ~50% Lead molecules activate broad range of mutant proteins & restore metabolic flux - Activate 10 of 11 most common alleles (and may only need one allele per patient) Agios molecules bind unique allosteric site – not the active site Agios Pharmaceuticals – CONFIDENTIAL AG-348 improves kinetic defect of mutant enzymes AG-348 corrects ATP deficit in patient red blood cells (R486W / G341A) Agios Activators Show Early Efficacy in Ex-Vivo Patient Samples |
28 Healthy Volunteer Clinical Studies Randomized double blind placebo controlled trials Single experienced US site selected Assess safety, PK and PD Potential for activation of wild type PK enzyme and effect on metabolites Select target dose range for proof of concept study in patients Agios Pharmaceuticals – CONFIDENTIAL AG-348 Summary AG-348: Potent & selective activator of PK-(R) mutations — Reversible and orally bioavailable — Once or twice daily oral dosing — IND activities substantially completed, clinical trials to initiate in mid-2014 — Natural history study being launched by Agios & investigators Profile and Status Phase 1 single ascending dose escalation Phase 1 multiple ascending dose escalation Clinical Plan Potential for rapid entry into proof of concept trials in patients with PK deficiency |
FINANCIAL OVERVIEW |
30 Financial support has been strong from investors — Raised $385M in 3+ years — Celgene Collaboration has provided $141M of non-dilutive funding — Significant ongoing financial commitment, including R&D funding, payments to extend agreement, milestones and royalties — In 2013, successfully completed our IPO, raised net proceeds of $111M Select financial summary: Agios Pharmaceuticals – CONFIDENTIAL Ended Q3 2013 with $208M in cash Strong position expected to drive multiple programs to meaningful milestones Statement of Operations Years Ended December 31, Nine Months Ended September 30, 2011 2012 2012 2013 Revenue $21,837 $25,106 $18,824 $18,804 Operating Costs 38,468 48,101 35,322 45,445 Net Loss (23,706) (20,102) (14,789) (27,025) Financial Summary ($ in thousands) |
31 Agios Pharmaceuticals – CONFIDENTIAL 2H 2013 2014 2015 2016 2017 Proof of Concept Late Development FIH Proof of Concept Late Development FIH Late Development IDH2 Cancer – Multiple Indications IEM – D-2HG Aciduria IDH1 Cancer – Multiple Indications PKR IEM – Pyruvate Kinase Deficiency Runway Current cash Current CELG Deal: (2) CELG Extensions Potential CELG Extensions ($40M) Proof of Concept (1) Time frames are estimated and assume the program successfully advances into later stages of development (2) 2014 extension announced, CELG milestone payments are not included; 1 Split Program $25M LPO Ph2; each Ph3 start $25M FIH Cash Q3 ($208M) Potential Timeline & Milestones (1) (1) (1) st |
32 Agios Pharmaceuticals – CONFIDENTIAL Fast Start and Build 2009-2012 Drive to the Clinic 2013-2014 Agios has rapidly emerged as a clinical company dedicated to making transformational medicines for patients Anticipated milestones 2014 Building a Great Biopharmaceutical Company Labs open in January 2009 Major breakthrough on IDH biology Entered collaboration deal with Celgene Research engine built IEM research initiated Crossover financing AG-221 in Phase 1 trial Potential for 2 more novel NMEs in Phase 1 — AG-120 in cancer — AG-348 in PK Deficiency All programs with biomarker guided patient selection and Phase 1 POC potential Initial Public Offering AG-221 initiating expansion cohorts and presenting dose escalation data in late 2014 AG-120 initiating clinical trials in early 2014 — Exercising option on U.S. rights AG 348 initiating clinical trials in mid 2014 |
33 “Hire great people, think big, have fun, follow the science and do what’s right for patients” |