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Programa Cooperación Farma-Biotech Jornada II: Oncología Early to mid-stage oncology developments: ATH001- Acadra Barcelona, 13 de abril de 2011

Programa Cooperación Farma-Biotech Jornada II: Oncología Content 1. The Company: ADVANCELL S.A. 2. The Product: Acadra a) Therapeutic focus b) Innovative mechanisms of action c) Differential features facing the market d) Current status of development e) IPR protection f) Pitfalls & Risks to be considered 3. Availability for cooperation

ADVANCELL, S.A. Advancell is an emerging biopharmaceuticals company focused on the development of promising drug products with significant commercial potential The Company generates proprietary drug candidates by: Identifying novel applications of known drugs (repositioning) Leveraging its nanosystems delivery technology (reformulation)

ADVANCELL, S.A. Privately held, Advancell is led by a competent Management and Board with significant financial and pharmaceutical experience and strong academic roots Employs 16 staff, 80% with advanced academic degrees Draws on the expertise of internationally renowned clinicians and scientists sts Partially funds R&D from internal cash flow and partnered projects

ADVANCELL - Shareholders Terranea Diet SL Inversiones Divabe Unirisico I+D Unifondo Talde Promoción y Desarrollo SCR, SA Son Romani SLU Founders at University of Barcelona and Valencia Corporación Empresarial Once SA Founders at University of Santiago de Compostela

ADVANCELL - History Founded in 2001 as an spin-off from the University of Barcelona and Valencia offering ADME-Tox services and reagents In 2004, in-licensed a portfolio of patents in nanomedicine (USC) and a patent in oncology (UB) In 2006, first licensing agreement with ISDIN covering nanomedicine reformulation products for the treatment of skin diseases In 2008, clinical proof of concept for first nanomedicine product and entry of project tacadra into phase IIa for CLL In 2010, successfully divested the Company's ADME-Tox service business and completed strategic t transition focusing on the development of drug candidates for significant unmet medical needs

ADVANCELL Pipeline 2011 Acadesine (Acadra ) B-Cell Chronic Lymphocytic Leukemia Acadesine (Acadra ) Multiple Myeloma Acadesine (Acadra ) Mantle Cell Lymphoma ATH008 Palmar-Plantar Erithrodysestesia Feasibility Preclinical POC Phase I Phase II Phase IIa finalyzed Ready to Phase IIb Ready to Phase IIb Phase IIb started February 2011 Cyclosporin-DT (Dermosporin ) Psoriasis License agreement with ISDIN Cyclostopic-Vet Dog atopia ATH012 Multiple Sclerosis Phase IIa started April 2011 Out-licensing Opportunity 3 Internal projects (Dermosome Tech n ology platform) 3 Projects in biologics Projects based on Nanosystems technology Projects based on other technologies

ATH008 for Hand-Foot Syndrome or PPES Hand-Foot Syndrome is a main cause of dose reduction and treatment interruption ti in chemotherapy with capecitabine (Xeloda ), l d 5-FU, doxorubicin (Doxil ), docetaxel (Taxotere ), paclitaxel and the new multikinase inhibitors sorafenib (Nexavar ) and sunitinib (Sutent ). ATH008 cream is a novel product for PPES Treatment market (>200M ) and prevention (>500M ) worldwide Clear unmet need (no drugs approved in the indication) Currently in Phase IIb development in EU A unique Phase III is needed to gain MAA in EU

Acadra for B-cell leukemia and lymphomas Indication Treatment of leukemia and lymphoma of B-cell origin Chronic Lymphocytic Leukemia (CLL) Multiple Myeloma (MM) Mantle Cell Lymphoma (MCL) Acute lymphoblastic Leukemia (ALL) Splenic Marginal Zone Lymphoma (SMZL) Potentially others

Acadra for B-cell leukemia and lymphomas Product Acadra is a solution for IV infusion. Drug substance is the small molecule Acadesine. Reprositioning strategy: the drug was developed up to Phase III to prevent ischemia during bypass surgery (early 90 s). Good safety background. Never marketed. New indication: B-cell neoplasms

Acadra mechanism of action Mechanism of Action* Acadra s active form is selectively accumulated in B-cells causing an unbalance in nucleotide pools and activation of specific BH3 only proteins that lead to apoptosis and cell cycle arrest. Selective for B cells, does not compromise T-cell immunity. Independent of p53, ATM or other cytogenetic features. Works in cells resistant to current therapies. * Campàs et al., Blood 2003; Campàs et al., Leukemia 2005; Coll-Mulet et al., Blood 2006; Santidrián et al., Blood 2010; Pairet et al., EHA 2010; Montraveta et al., ASH 2010

Acadra differential features facing the market Acadra has a better risk/benefit profile than current drugs: Does not induce immunosupression nor myelosupression: selective for B-cells. Acadra is uniquely suited to replace drugs now widely used in combination therapy (esp. fludarabine) for 1 st and 2 nd line CLL and MM due to markedly better safety profile. Independent of p-53 (17p) or other genetic features. Works in cells resistant to other therapies. Acadra has potential in multiple patient sub-segments, 1 st and 2 nd line.

Acadra differential features facing the market Synergic effects with drugs in the indication: Synergic effects with anti-cd20 monoclonal antibodies (rituximab, ofatumumab, GA-101) without increasing toxicities. Synergic effect with bortezomib (Velcade ) and with lenalidomide (Revlimid ) in MM treatment without increasing toxicities. Acadra is the optimal combination therapy for drugs that claim B-cell selectivity and p-53 independence

Acadra current status of development Drug substance and product Drug substance is the small molecule Acadesine Reliable drug substance supplier, batches up to >50kg. Drug product scaled-up to 200L batch size Stable for 36 months (ICH stability studies) To be diluted in sterile saline buffer for IV infusion

Acadra current status of development Pharmacology o Antileukemic effect in more than 500 primary samples from CLL patients, independently of prognostic markers and cytogenetic profile. oantileukemica k i effect in blood cells and bone marrow cells from CLL and SMZL patients. oinhibited tumor growth in a MCL xenograft. Synergic effects with anti- CD20 monoclonal antibodies. o Inhibited tumor growth in a MM xenograft. Synergic effects with bortezomib (Velcade ) and lenalidomide (Revlimid ). Increased mice overall survival. Non-clinical development Non-clinical safety package available (rat, dog)

Acadra current status of development Acadra is selective for B cells, does not affect T lymphocytes Acadra active drug (ZMP) is selectively accumulated in B-cells. B-cells are sensitive to Acadra with an IC50 of 380 µm while T-cells are resistant at doses up to 3mM. B-cells T-cells Campàs et al., Blood 2003

Acadra current status of development Acadra induces apoptosis in CLL cells in vitro despite p53 status CLL cells from 93 CLL patient samples were cultured with 0.5mM Acadra for 24 hours. CLL cells with del(17p) are as sensitive to Acadra than CLL with no cytogenetic alterations. CLL cells with trisomy 12 alterations are less sensitive to 1 mm Acadra than cases without cytogenetic alterations or with del(13q) as a sole cytogenetic abnormality. Campàs et al., Blood 2003 Coll-Mulet et al., Blood 2006 Pairet et al., EHA 2010 and ASH 2010

Acadra current status of development Acadra synergic effect in combination with rituximab in a MCL xenograft from the human MCL cell line Jeko-1 (non-indolent MCL, p53 mutated) Volum mm m3 1200 1100 1000 900 800 700 600 500 400 300 200 Aicar Acadra Rtx Rituximab Combo Control n=6 n=6 n=6 n=6 SCID mice were subcutaneously inoculated with Jeko-1 cells. At day 12 post-inoculation, mice were randomized and administered for 18 days with either 400 mg/kg Acadra 5 days weekly, Rituximab 10mg/kg weekly, both drugs or vehicle. The combination was significantly more effective than Rituximab or Acadra monotherapy (p<0.001). 100 0 12 16 19 23 26 30 Days postinoculation Montraveta et al., ASH 2010

Acadra current status of development Acadra synergic effect in combination with rituximab in a MCL xenograft from the human MCL cell line Jeko-1 1( (non-indolent MCL, p53 mutated) t Control Acadra Rituximab Acadra+Rituximab Montraveta et al., ASH 2010

Acadra current status of development Acadra synergism with bortezomib and dexamethasone in a MM xenograft Xenograft mice model inoculated with human MM1S cells. When the tumor reached a volume of 100 mm 3, mice were randomized and i.p. administered for 33 days with either 200mg/kg daily Acadra, 0.5 mg/kg daily bortezomib, 0,5 mg/kg twice a week dexamethasone, a combination of these drugs or PBS (control). 2500 Control r volume (mm 3 ) Tumor 2000 1500 1000 500 Dexamethasone 0,5 mg/kg Bortezomib 0,5 mg/kg Acadesine 200 mg/kg Dexamethasone + Bortezomib Acadesine + Bortezomib Acadesine + Dexamethasone 0 1 3 6 9 13 16 20 23 26 29 33 Days of treatment Acadesine + Dexamethasone + Bortzezomib Hernández-García et al., ASH 2010

Acadra current status of development Acadra increased mice overall survival, and this effect was potentiated in the combination with bortezomib and dexamethasone Control Acadesine + Dexamethasone Acadesine + Bortezomib Dexanethasone + Bortezomib Dexamethasone Acadesine + Dexamethasone+Bortezomib Acadesine Bortezomib Hernández-García et al., ASH 2010

Acadra current status of development Phase IIa study in CLL Completed Phase IIa Study in resistant/refractory CLL patients showed very good safety profile at Optimal Biological Dose (OBD) 24 patients treated in EU (Belgium, France and Spain) OBD is the dose of Acadra that gives a maximum exposure to ZMP At OBD tumor burden is significantly reduced in both peripheral blood and lymphadenopathies p (50-75% of reduction after 5 doses) Acadra is ready for Phase IIb in CLL, MM, MCL, SMZL and ALL

Acadra market and market exclusivity Market exclusivity Patents filed/granted in major markets. Expire 2023 (EU), 2025 (US) Orphan Drug Statust for CLL (EMA 2005; FDA 2011) Other ODD applications ongoing Market Market well above 400M in CLL alone Potentially moving to revenue well over 1 billion considering use in Multiple Myeloma, Mantle Cell Lymphoma and/or ALL

Acadra : pitfalls and risks to consider Risk Composition of matter patents are old and have expired Strategy to market Risk Management o Good use patent protection o No other active patents in other indications, most have expired o Orphan Drug designations EU and FDA o Good supply agreements with suppliers Development to market needs to be guided d by indication and by combination strategies for an optimal positioning in the market

Acadra availability for cooperation Advancell is ready to partner the program. Formal contact with selected companies started February 2011. Partner will assume lead role in continued development and regulatory efforts to market. We seek a customary licensing transaction upfront, milestones and royalty. y Global rights still available (April 2011).

clara.c@advancell.net Clara Campàs, PhD Executive Vice-President