PRIMARY PHASE 2 ANALYSES FROM CARDINAL: A PHASE 2/3 STUDY OF BARDOXOLONE METHYL IN PATIENTS WITH ALPORT SYNDROME

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PRIMARY PHASE 2 ANALYSES FROM CARDINAL: A PHASE 2/3 STUDY OF BARDOXOLONE METHYL IN PATIENTS WITH ALPORT SYNDROME 217 American Society of Nephrology Meeting Geoffrey A. Block 1, Pablo E. Pergola 2, Lesley Inker 3, Peter A. McCullough 4, Melanie Chin 5, Colin J. Meyer 5, Michelle N. Rheault 6, Clifford E. Kashtan 6, David G. Warnock 7 1 Denver Nephrology, Denver, CO; 2 Renal Associates, San Antonio, TX; 3 Tufts Medical Center, Boston, MA; 4 Baylor University Medical Center, Dallas, TX; 5 Reata Pharmaceuticals, Irving, TX; 6 University of Minnesota, Minneapolis, MN; 7 UAB, Birmingham, AL

Rationale for Study Bardoxolone methyl (Bard) is an investigational drug that activates Nrf2 and suppresses inflammation, which contributes to GFR loss in chronic kidney diseases, including Alport syndrome Mechanisms of egfr increases with Bard in preclinical models: Dynamic increases in glomerular surface area for filtration ( K f ) Chronic suppression of remodeling and fibrosis Bard and analogs have been shown to improve renal function and have protective effects in multiple preclinical models of renal disease: 5/6 nephrectomy model of hyperfiltration Protein overload-induced secondary nephropathy Diabetic nephropathy Hypertensive CKD Lupus nephritis Previous clinical studies that enrolled over 2,6 patients with type 2 diabetes and CKD demonstrate that Bard significantly increases egfr, inulin clearance, creatinine clearance, and other renal function parameters Post-hoc analyses of the BEACON study identified a specific subset of at-risk patients for fluid overload, who can be excluded from future trials CARDINAL study conducted to evaluate safety and efficacy of Bard in patients with Alport syndrome, who have progressive loss of kidney function and no approved therapies 2

CARDINAL Phase 2 Open-Label Study Design Enrolled 3 patients with genetic or histologic confirmation of Alport syndrome Dose-titration scheme used to reach goal dose of 2 or 3 mg given orally, once daily Primary efficacy endpoint: change from baseline in egfr at Week 12 Key eligibility criteria: Inclusion Exclusion Age: 12 to 6 years old BNP > 2 pg/ml egfr: 3 to 9 ml/min/1.73 m 2 Serum albumin < 3 g/dl Stable dosage of RAAS blockade for 6 weeks, unless ACR > 35 mg/g medically contraindicated Screening Dose-Titration Period Maintenance T T T T T T ScrA ScrB D1 D3 W1 D1 W2 W3 W4 D31 W5 W6 W7 W8 W12 Baseline ACR 3 mg/g BARD (5 mg)* BARD (1 mg) BARD (2 mg) Baseline ACR > 3 mg/g BARD (5 mg)* BARD (1 mg) BARD (2 mg) BARD (3 mg) Additional follow-up through 2 yrs Primary efficacy analysis O egfr determination T Telephone Contact * Patients under the age of 18 will receive study drug (BARD or placebo) every other day during Week 1 Data presented in this presentation include all efficacy and safety data through the primary endpoint, Week 12 3

Phase 2 Patient Demographics and Baseline Characteristics Characteristic Total (N=3) Age, years Mean ± SD 44 ± 13 Median (range) 49 (14, 59) Age < 18 years (n,%) 2 (7%) Female (n,%) 18 (6%) White/Caucasian (n,%) 26 (87%) Baseline egfr, ml/min/1.73 m 2 Mean ± SD 54 ± 24 Median (range) 42 (28, 94) Baseline ACR, mg/g (geometric mean) 148 ACR 3 mg/g (n,%) 18 (6%) ACR > 3 to 1 mg/g (n,%) 7 (23%) ACR > 1 to 35 mg/g (n,%) 5 (17%) Histologic Confirmation 2 (7%) Genetic Confirmation 28 (93%) X-linked (n,%) 22 (73%) Autosomal (n,%) 5 (17%) Unknown (n,%) 1 (3%) Receiving ACEi or ARB (n,%) 25 (83%) 4

Phase 2 Primary Efficacy Analysis All patients completed treatment through Week 12 egfr data show time-dependent increases through Week 12 Changes consistent with Bard treatment in prior diabetic CKD studies Mean egfr ± SE (ml/min/1.73 m 2 ) 25 2 15 1 5 4 8 12 Change from Baseline in egfr Week 1 Week 4 Week 8 Week 12 N 3 3 3 3 Mean ± SE 3. ±.7 6.7 ± 1.3 8.9 ± 1.3 13.4 ± 1.4 95% CI (1.6, 4.4) (4.1, 9.3) (6.2, 11.6) (1.5, 16.3) p-value.1 <.1 <.1 <.1 LS mean egfr change from baseline at each visit is compared to zero using a mixedmodel repeated measures analysis using baseline egfr and log-transformed ACR as continuous covariates. 5

Distribution of egfr Changes All patients demonstrated egfr increases from baseline 87% of patients demonstrated increases of at least 4 ml/min/1.73 m 2 63% of patients demonstrated increases of at least 1 ml/min/1.73 m 2 22/3 (73%) of patients had an improvement in CKD stage and none worsened egfr Changes for All Patients Baseline CKD Stage Week 12 CKD Stage Week 12 egfr Change (ml/min/1.73 m 2 ) 4 35 3 25 2 15 1 5 Stage 4 (egfr <3) Stage 3b (egfr 3 to 44) Stage 3a (egfr 45 to 59) Stage 2 (egfr 6 to 89) Stage 1 (egfr >9) N Stage 4 Stage 3b Stage 3a Stage 2 Stage 1 5 1 4 - - - 11-4 7 - - 2 - - 2-1 - - - 1 9 2 - - - - 2 Improved CKD Stage 6

egfr Changes by Subgroups Clinically meaningful increases in egfr across multiple subgroups Activity in earlier and later stages of disease Week 12 Mean ΔeGFR Baseline Characteristic Subgroup N Baseline Change ± SD % Change egfr UACR Gender 6 12 81.3 ± 7.5 18.4 ± 7.7 23% < 6 18 36.1 ± 9.3 1. ± 6.6 3% Non-macro 18 62.5 ± 22.2 16. ± 8.6 29% Macro 12 41.7 ± 22. 9.4 ± 5.5 24% Male 12 5.5 ± 25.1 14. ± 8.3 3% Female 18 56.6 ± 23.8 12.9 ± 8.1 25% <18 2 86.1 ± 9.1 26.1 ± 1.8 31% Age 45 11 48.4 ± 24.8 1.1 ± 9.5 2% > 45 19 57.5 ± 23.7 15.3 ± 6.7 31% 7

Blood Pressure and BNP Patients with poorly controlled hypertension or BNP > 2 pg/ml were ineligible Blood pressure and volume status under control upon study entry and maintained postinitiation of treatment Average BNP upon entry was 1/1 th allowable limit and 1/5 th ULN Median BNP levels maintained well below ULN threshold No evidence of overt fluid overload SBP DBP BNP 16 9 25 Mean SBP ± SD (mmhg) 15 14 13 12 11 1 9 8 Mean DBP ± SD (mmhg) 85 8 75 7 65 6 55 5 Median BNP (pg/ml) 2 15 1 5 2x ULN ULN 7 45 6 4 8

Weight Weight decreases with Bard, possibly due to improved mitochondrial function and metabolism as shown in preclinical models Mean decrease in weight (~1 kg / month) consistent with prior clinical trials with Bard Patients with higher baseline BMI demonstrated larger weight loss Mean decreases in weight not observed in patients < 18 years of age Weight Over Time Weight Change by Age 3 3 Mean Weight Change ± SD (kg) 2 1-1 -2-3 -4-5 -6 BMI < 25 (n=1) BMI 25 (n=2) Mean Weight Change ± SD (kg) 2 1-1 -2-3 -4-5 -6 Age < 18 (n=2) Age 18 (n=28) 9

Urine Albumin to Creatinine Ratio Increases in UACR with Bard consistent with increases in filtration ( GFR) Normalization of UACR with egfr show UACR/eGFR ratios are unchanged from baseline UACR (Log UACR) / egfr Ratio 5.2 Geo Mean UACR (mg/g) 4 3 2 1 Mean log UACR / egfr Ratio.15.1.5 1

Summary of Safety No discontinuations No serious adverse events AEs to date have generally been mild to moderate in intensity No reports of fluid overload No consistent AEs yet, except muscle spasms Also observed in prior diabetic CKD trials Present as contraction, usually in the lower extremity, and similar to exercise-induced cramps Usually transient; occur in first month and resolve a few weeks after titration is completed Not associated with evidence of muscle toxicity as assessed by CK Number of Patients Reporting AEs 27 (9%) Number of AEs 87 14 Preferred Term Number (%) of Patients* 12 1 Muscle spasms 15 (5%) 8 Nausea 4 (13%) 6 Fatigue 4 (13%) 4 Headache 4 (13%) 2 Hyperkalemia 3 (1%) *AEs reported in >2 patients 11 Median CK (U/L) Creatine Kinase All (n=3) Spasm (n=15) No spasm (n=15)

Conclusions Phase 2 CARDINAL study demonstrates bardoxolone methyl significantly increases egfr in patients with Alport syndrome after 12 weeks of treatment egfr increases in CARDINAL were observed over full range of baseline egfr values (range: 28 to 94 ml/min/1.73 m 2 ) and across multiple subgroups Most patients demonstrated improvements in CKD stage Increases are similar in magnitude to those previously observed in patients with type 2 diabetes and Stage 3b-4 CKD Bard was well tolerated in patients with Alport syndrome No discontinuations from study No serious adverse events No effect on blood pressure When normalized by change in egfr, urinary protein was unchanged from baseline AEs to date have been mild to moderate in intensity Muscle spasms were most commonly reported AE and not associated with evidence of muscle toxicity Phase 3 portion of CARDINAL study is actively enrolling Site activations in Phase 2 PHOENIX trial studying Bard in ADPKD, type 1 diabetic CKD, IgA nephropathy, and FSGS are underway KHK, Reata s Japanese partner, is planning to initiate a Phase 3 trial of Bard in diabetic CKD in Japan in 218 12