Management Presentation. January 2019

Similar documents
Management Presentation. June 2017

OPPORTUNITIES FOR HHS & DOD COLLABORATION FOR MEDICAL COUNTERMEASURES

TESTIMONY OF PHYLLIS ARTHUR, SENIOR DIRECTOR FOR VACCINES, IMMUNOTHERAPEUTICS AND DIAGNOSTICS POLICY, BIOTECHNOLOGY INDUSTRY ORGANIZATION (BIO)

Intercell and Novartis form world leading strategic partnership to drive vaccines innovation

37 th ANNUAL JP MORGAN HEALTHCARE CONFERENCE

Towards a Sustainable Global Infrastructure for Medical Countermeasures

JEFFERIES 2018 LONDON HEALTHCARE CONFERENCE NOVEMBER 15, 2018

OPTIMIZING INDUSTRIAL INVOLVEMENT WITH MEDICAL COUNTERMEASURE DEVELOPMENT: Washington, DC February 22, 2010

Valneva Reports Strong 2017 Revenues Driven by Double Digit Product Sales Growth

Aviragen Therapeutics, Inc. and Vaxart Inc. Joint Conference Call UNLOCKING THE FULL POTENTIAL OF ORAL VACCINES

Business Update & Financial Results for Q1 2018

E N H A N C IN G HE A LTH THRO U GH CANNABIS S CIENCE

Forward-Looking Statements

January 30, 2018 Dow Wilson President and Chief Executive Officer

ADAPTIMMUNE INVESTOR PRESENTATION. August 2016

Genomic Health. Kim Popovits, Chairman, CEO and President

Investor Presentation

ST. JUDE MEDICAL / THORATEC TRANSACTION HIGHLIGHTS July 22, 2015

INVESTOR PRESENTATION

Product Development for Public Health & Emerging Infections

34 th Annual J.P. Morgan Healthcare Conference

Dynavax Corporate Presentation

LEERINK GLOBAL HEALTHCARE CONFERENCE. Marino Garcia EVP, Chief Strategy Officer February 15, 2017

OraSure Technologies. JEFFERIES 2014 GLOBAL HEALTHCARE CONFERENCE June 4, 2014

Positioned for Growth

Investor Presentation June 2012 NASDAQ: CEMI

Photocure ASA Executing the Strategy

Amicus Establishes Gene Therapy Pipeline for Lysosomal Storage Disorders (LSDs) Conference Call and Webcast September 20, 2018

When the question is genetics, the answer is Invitae Invitae Corporation. All Rights Reserved. 1

Corporate Presentation

On behalf of the Infectious Diseases Society of America (IDSA), I am pleased to provide

Statement Of. The National Association of Chain Drug Stores. For. U.S. Senate Finance Committee. Hearing on:

Acquisition of Novartis Influenza Vaccines Business. 27 th October 2014

DS-8201 Strategic Collaboration

Liquid Biopsies. Next Generation Cancer Molecular Diagnostics


Bank of America Merrill Lynch 2016 Health Care Conference

Managing cost considerations and access to technology for cost effective vaccine manufacture in developing countries.

BioCryst Pharmaceuticals

SPECIALTY MEDICAL CANNABIS COMPANY

Comments made today contain forward looking statements as described under the Private Securities Litigation Reform Act of Our forward looking

Corporate Presentation March 2016

Jefferies 2016 Healthcare Conference. Reid Huber, PhD Chief Scientific Officer

Novartis receives FDA approval of Menveo, a vaccine to prevent meningococcal disease

Photocure ASA Executing the Strategy

HILLENBRAND INDUSTRIES INC

September 1, The Honorable Tom Price, MD Secretary Department of Health and Human Services 200 Independence Avenue SW Washington, DC 20201

INVESTOR PRESENTATION

Visionary Private Equity Group is Pleased to Announce its Investment in MEDITE Cancer Diagnostics

Inovio Pharmaceuticals, Inc. (Exact name of registrant as specified in its charter)

Oncology Therapeutics without Compromise APRIL 2011

Jefferies 2015 Health Care Conference

PPD S EXPERT HEMATOLOGY AND ONCOLOGY TEAM

RespireRx Pharmaceuticals Inc. Executives Presenting at the International Cannabinoid Derived Pharmaceuticals Summit

ADM to Acquire Neovia and Probiotics International Limited. July 2, 2018

PROMOTING AN EFFECTIVE MEDICAL COUNTERMEASURES ENTERPRISE

Investor Presentation

37 th Annual J.P. Morgan Healthcare Conference. January 9, 2019

BARDA s Division of Chemical, Biological, Radiological and Nuclear Medical Countermeasures

Avenue Therapeutics, Inc. May 2017

- Plans Commercial Launch of three dosing options for Excellagen in pre-filled syringes

For personal use only

On behalf of the Infectious Diseases Society of America (IDSA), I offer testimony in

GAVI, THE VACCINE ALLIANCE

DARA Reports Year-End 2012 Financial Results

Roles and Responsibilities

COMPANY PRESENTATION JULY Bob Bechard Executive Vice-President Corporate Development & Licensing

Building a Global Neurotoxin Franchise

SPHERIX ANNOUNCES FIRST QUARTER 2010 FINANCIAL RESULTS

June IMMUNE DESIGN The in vivo generation of cytotoxic CD8 T cells (CTLs)

Memory Pharmaceuticals Establishes Plans for Clinical Program for MEM 3454 in Schizophrenia. -Broadens Roche Nicotinic Alpha-7 Alliance-

INTERIM RESULTS AS OF MARCH 31, 2014 CSE/OMX:BAVA, OTC:BVNRY

Acorda Acquisition of Civitas Therapeutics. September 24, 2014

Aradigm Corporation. A respiratory specialty pharmaceutical company fulfilling unmet needs in pulmonary medicine (ARDM) February 2008

Ipsen Acquisition of Clementia Pharmaceuticals. February 25, 2019

4Q and Full Year 2017 Financial Results Call February 7, 2018

Vaccine Innovation and Adult Immunization Landscape

Public Health Emergencies: Mass Dispensing in the Community

Forward Looking Statements

Testimony of the Association for Professionals in Infection Control and Epidemiology (APIC) and

Business Continuity and Crisis Management. Cardinal Health s Approach

Slide 1. Welcome and strategy update. Lars Fruergaard Jørgensen President and CEO

Acasti Pharma Provides Business Update for the Third Quarter of Fiscal 2019

Innovation In Ophthalmics

Building a Premier Oncology Biotech

CPRIT Overview. Cancer Centers Administrators Forum April 4, 2016

RAPID DIAGNOSIS AND TREATMENT OF MDR-TB

INTERIM RESULTS AS OF JUNE 30, 2014 CSE/OMX:BAVA, OTC:BVNRY

Economics of Vaccine Development A Vaccine Manufacturer s Perspective

Corporate Presentation. August 2016

Diagnostics for the early detection and prevention of colon cancer. Fourth-Quarter 2014 Earnings Call February 24, 2015

Centers for Disease Control and Prevention (CDC) FY 2009 Budget Request Summary

Corporate Update Simon Hubbert, CEO Bill Kullback, CFO June, 2015

J.P. Morgan Healthcare Conference

36th Annual J.P. Morgan Healthcare Conference. Kevin Conroy, Chairman and CEO January 9, 2018

INTERIM RESULTS AS OF JUNE 30, 2017

Innovation In Ophthalmology

Jefferies Healthcare Conference. June 2016

PREventing EMerging Pathogenic Threats (PREEMPT) Proposers Day

CORPORATE PRESENTATION

Transcription:

Management Presentation January 2019

Forward Looking Statements The statements made in this presentation may include forward-looking statements regarding the treatment of smallpox and other orthopoxvirusinfections, the development and attributes of SIGA Technologies, Inc. ( SIGA ) products, and the future operations, opportunities or financial performance of SIGA. Although we believe that the expectations contained in this presentation are reasonable, these forward-looking statements are only estimations based upon the information available to SIGA as of the date of this presentation. Except as required by law, we expressly disclaim any responsibility to publicly update or revise our forward-looking statements, whether as a result of new information, future events or otherwise. Thus, the forward-looking statements herein involve known and unknown risks and uncertainties and other important factors such that actual future operations, opportunities or financial performance may differ materially from these forward-looking statements. Undue reliance should not be placed on forward looking statements, which speak only as of the date hereof. All forward-looking statements contained herein are qualified in their entirety by the foregoing cautionary statements. For a more detailed discussion of our risks, see the Risk Factors section in SIGA s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 filed with the SEC and our other filings with the SEC, including our most recent Quarterly Report, all of which are available on our website, www.siga.com. 2

SIGA: Advancing Health Security MISSION A commercial-stage pharmaceutical company focused on the health security market VALUABLE THERAPEUTIC PORTFOLIO TPOXX (tecovirimat) Oral capsule smallpox antiviral FDA Licensure in July, 2018 >$1 billion of contracts awarded from U.S. Government (if all options are exercised as anticipated) IV formulation smallpox antiviral - Phase 1a study completed; Phase 1b study commenced in third quarter, 2018 - Up to 212,000 courses of IV TPOXX to be procured under 2018 U.S. Government contract (if all options are exercised as anticipated) - Development is being funded by U.S. Government 2 nd Mechanism of Action Smallpox Antiviral Preclinical: efficacy shown in animal model 3

SIGA Value Proposition Growing Public-Private Markets Critical Need TPOXX Multiple Opportunities for Value Creation Biodefense is a $9.5B global market with an 8.3% CAGR 1 Attractive market expansion opportunities Bioterrorism is a recognized, urgent threat that could kill millions in a single outbreak Smallpox is one of the deadliest threats with a historical fatality rate as high as 30% Vaccines alone cannot address a smallpox outbreak TPOXX is the first novel small-molecule drug to be FDA approved for biodefense (FDA approval of oral TPOXX in July, 2018) Recurring U.S. Government procurement contracts: 2011 Contract: Approximately $460 million of procurement payments for 1.7 million courses of oral TPOXX 2018 Contract: up to approximately $546 million of procurement payments (if all options are exercised as anticipated) for 1.7 million courses of oral and IV TPOXX Unique market dynamics support multiple potential revenue streams for the TPOXX product line and portfolio expansion Proven Track Record 1 Grand View Research, Published October 2016. Experienced management and strategic collaborations enhance prospects for success Highly externalized cost structure minimizes fixed costs, provides scalability 4

Lead Program TPOXX: Status Update Revenue Streams Oral Drug (U.S. Gov) IV drug (U.S. Gov) Priority Review Voucher (PRV) Description / Status 2011 BARDA contract: approximately $460 million of payments for procurement of 1.7 million courses of oral TPOXX; and up to approximately $62 million of funding for development and support of oral TPOXX 2018 BARDA contract: up to a total of approximately $461 million of payments for procurement of approximately 1.5 million courses of oral TPOXX (if options are fully exercised); and up to approximately $41 million of funding for regulatory and support (if all options are fully exercised) Phase 1a study completed; Phase 1b commenced (both studies funded by BARDA) 2018 BARDA contract: up to approximately $85 million of payments for procurement of 212,000 courses of IV TPOXX (if options are fully exercised); and up to approximately $42 million of funding for development, regulatory and support (if all options are fully exercised) 21 st Century Cures Act established PRV program for Medical Countermeasures Received PRV as part of NDA approval for TPOXX in July, 2018 Substantial NOLs to provide tax benefits. 5

2018 BARDA Contract: Potential Path for Procurement Revenue BARDA s RFP stated that the purpose of the 2018 contract award process is to maintain a 1.7 million course stockpile of smallpox antiviral. Previous Contract Timeline 2011 2012 2013 2014 2015 2016 2017 CONTRACT ISSUED PRODUCT DELIVERIES 2018 2019 2020 2021 2022 2023 2024 New Contract Potential Timeline (7-year shelf life) Procurement Revenues* $546M Oral: $461M IV: $85M * If all options exercised in order to maintain 1.7M course stockpile given 7-year shelf life. 6

New National Biodefense Strategy for the first time, a single coordinated effort to orchestrate the full range of activity that is carried out across the United States Government promote increased global capacities for research, development, evaluation, manufacturing, acquisition, stockpiling, deployment, and distribution of MCMs, including through collaborative arrangements identify additional incentive mechanisms to engage MCM developers and stimulate private sector investment and innovation across the range of the MCM technology base... prioritize the development and procurement of MCMs with the highest potential to reduce severe morbidity and mortality 7

Lead Program TPOXX: Potential Expansion Avenues Opportunity Description / Status Label Expansion Market Expansion Post-Exposure Prophylaxis (PEP) Monkeypox Vaccinia International Private Sector Expand use to include pre-symptomatic smallpox Pursuing animal studies to support indication Therapeutic treatment of monkeypox infection Post-FDA approval discussions with potential partners Treatment of vaccinia complications (e.g. smallpox vaccine, oncology vectors) Post-FDA approval discussions with potential partners Focused business development program in numerous countries Evaluation of potential partnerships to accelerate international sales effort FDA approval of TPOXX was a key milestone to support potential international procurement Hospitals, large corporations, and specialty retail stockpiles for emergency use Conducting market research and evaluating requirements / opportunity 8

TPOXX: Possible Adjunct to Vaccinia Vectors for Oncology Vaccinia virus has long been examined as a vector for potential treatment of cancer, either as an oncolytic virus or a delivery vehicle for cancer antigens No oncology product has been licensed using vaccinia, and many products have failed A recent search in 2018 of clinicaltrial.gov shows over 50 vaccinia clinical trials in oncology A new generation of replicating vectors are advancing in development TPOXX could potentially enable higher dosing or higher replication competence vaccinia vectors SIGA is pursuing potential collaborations with multiple oncology companies to evaluate use of TPOXX as a rescue therapy or co-therapy for delivery of vaccinia vectors to cancer patients Haddad, D., Gentically Engineered Vaccinia Viruses as Agents for Cancer Treatment, Imaging, and Transgene Delivery, Frontiers in Oncology, 23May2017. http://www.bioworld.com/content/potential-oncolytic-viruses-back-industrys-radar-screen-0 9

Potential Impact of an Antiviral on a Smallpox Attack

TPOXX Mechanism of Action Smallpox spreads by developing a secondary envelope This allows the virus to leave the cell and enter the bloodstream TPOXX s mechanism of action inhibits maturation, preventing release and spread of viral particles to other cells IMV: Intracellular Immature Virus IEV: Intracellular Enveloped Virus EEV: Extracellular Enveloped Virus TPOXX Inhibits the viral envelope formation and spread of the virus 1 Byrd CM and Hruby DE. Viral proteinases targets of opportunity. Drug Dev Res. 2006;67:501-510. 11

Smallpox: A Deadly Killer Smallpox has a potential 30% fatality rate and was responsible for approximately 300 million deaths worldwide in the 20 th century Smallpox is a highly contagious virus Spreads person to person Can be transmitted through speaking, breathing, or touching Can be transmitted by direct contact with infected fluids and contaminated objects It is estimated that each person infected with smallpox would infect 5-7 other people if not vaccinated/treated Successful eradication resulted from coordinated global vaccination campaigns Current smallpox vaccine and other vaccinia-based vaccines may cause serious adverse reactions, especially in individuals who are very young or very old, or immunocompromised (e.g., those with eczema or atopic dermatitis) 12

Compassionate Use in Treatment of Vaccine Complications 2007 28-month old child 1-3 Diagnosed with eczema vaccinatum after contact with his father, an active U.S. military service member who had recently received smallpox vaccination 2009 20-year old active U.S. military service member 4,5 Presented with progressive vaccinia after receiving smallpox vaccination 1 4.5 35-year old female 6 Developed a vaccinia infection after exposure to a recombinant vaccinia-based rabies vaccine 2011 25-year old female Developed a vaccinia infection after changing a bandage covering a smallpox vaccination site for her boyfriend, a U.S. military contractor 2015 Active U.S. military male service member Developed vaccine complications due to a concomitant undiagnosed cancer 1 Science. 2007;316:1418-1419. 2 CDC MMWR. 2007;56:478-481. 3 Vora S et a. ClinInfect Dis. 2008;46: 4 CDC MMWR. 2009;58:532-536. 5 J Infect Dis.2012;206:1372-1385. 6 CDC MMWR. 2009;58:1204-1207. 13

The Challenges of Smallpox Today Today s population is not immune from smallpox 1 Smallpox vaccine cannot treat all individuals 2 Treatment with vaccine must be immediate 3 Immediate treatment nearly impossible 1 1980 Smallpox eradicated; routine vaccinations and boosters ceased 20% Percent of the population contraindicated for vaccination FOUR DAYS Treatment window when patients receiving vaccine benefit after infection 14 DAYS Period when infected individuals typically do not show symptoms 1 CDC Fact Sheet: Smallpox.Available at https://www.cdc.gov/smallpox/symptoms/index.html. 2 Studies Cite Smallpox Vaccine Tradeoff. The Washington Post. May 8, 2002. 3 Henderson DA et al. ClinInfect Dis. 2003;36:622-629. 14

Smallpox is Highly Contagious and Deadly It is estimated that, in the absence of a vaccine or antiviral therapy, each person infected with smallpox will infect 5-7 other people, and that approximately 30% of infected individuals will die Even with vaccination, published models have shown the use of an antiviral drug during an outbreak could significantly reduce fatalities, confirming the importance of maintaining significant stockpiles Original infection Newly infected individual Fatalities Sources: Centers for Disease Control, World Health Organization, Center for Infectious Disease Research and Policy, National Center for Biotechnology Information, Journal of Biosecurity and Bioterrorism, and presented to HHS, CDC, BARDA, FBI, Homeland Security, DoD, the White House and overseas. 1 Published in the Journal of Biosecurity and Bioterrorism, and presented to HHS, CDC, BARDA, FBI, Homeland Security, DoD, the White House and overseas. 15

Proven Manufacturing and Commercial Capabilities

Robust Capability for Drug Development and Commercialization End-to-end network of proven partners established Discovery Pre-clinical Clinical Regulatory Supply Chain Over 20 partnered companies TPOXX developed from lead identification through commercial supply chain U.S.-based supply chain for robust product supply to customers Experienced oversight of network by SIGA leadership Proven capabilities that can be scaled for future products Network design minimizes fixed costs and provides ability to scale to product development and procurement demands. 17

Biodefense is an Attractive Specialty Market MARKET INCENTIVES R&D: Government provides majority of R&D funding Vaccines 1 $32B Biodefense 4 $9.5B Antibiotics 3 $39B Antivirals 2 $31B Limited Buyers with Pre-Defined Volume: Procurement contracts typically awarded multiple years prior to anticipated NDA, providing early cash flow Priority Review Voucher: Potential eligibility upon NDA approval, lucrative secondary market Technology / Capability Platform Building: Opportunity to build technology and expertise in product fields Capital Investment: In specialized products, shared capital investments have been made to build infrastructure for supply chain and/or R&D High Barriers to Entry: Complex government contracting requirements and long procurement cycles that strategically overlaps with broader infectious disease markets. 1 Markets and Markets, 2016. 2 MordorIntelligence, 2016. 3 Grand View Research, 2016. 4 Grand View Research, 2016. 18

Proven SIGA Leadership Team Phillip Gomez, Ph.D. CEO 25+ years experience in Infectious Disease, Pharmaceuticals Daniel Luckshire, EVP, CFO 20+ years experience in Specialty Business, Finance Dennis Hruby, Ph.D., Chief Scientific Officer 25+ years experience in Microbiology, Pharmaceuticals Robin Abrams, General Counsel and Chief Administrative Officer 25+ years experience in Law, Government, Pharmaceuticals Tove Bolken, SVP, Operations 15+ years experience in Microbiology, Pharmaceuticals Annie Frimm, VP, Regulatory, Clinical, & Quality 25+ years experience in Pharmaceuticals Eric Rose, M.D., Executive Chairman 25+ years experience in Healthcare 19

Corporate Focus: 2019 Execute on 2018 BARDA Contract Pursue International Sales Optimal Value of PRV Establish Development Pathway for PEP and Monkeypox Indications Explore Oncology Collaborations for TPOXX Leverage Proven Networked Capabilities Maximize Corporate Value 20