Emricasan (IDN-6556) administered orally for 28 days lowers portal pressure in patients with compensated cirrhosis and severe portal hypertension

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Emricasan (IDN-6556) administered orally for 28 days lowers portal pressure in patients with compensated cirrhosis and severe portal hypertension Guadalupe Garcia-Tsao, Michael Fuchs, Mitchell Shiffman, Jean L. Chan, Mark Morris, Mason Yamashita, Alfred P. Spada, David Hagerty and Jaime Bosch Yale University and VA-CT HCS New Haven, CT; McGuire DVAMC, Richmond, VA; Liver Institute of Virginia, Richmond, VA; Conatus Pharmaceuticals, San Diego, CA; Liver Unit, Hospital Clinic-IDIBAPS, University of Barcelona, Barcelona, Spain. The study was sponsored by Conatus Pharmaceuticals Inc.

Background Caspases play a central role in apoptosis and inflammation Caspases produce hemodynamically-active, pro-inflammatory microparticles from apoptotic cells In cirrhosis, these microparticles appear to contribute to the splanchnic and systemic vasodilatation that maintains and enhances portal hypertension Rautou PE et al. Gastroenterology 2012;143:166-176 Emricasan (IDN-6556), an oral pan-caspase inhibitor has been shown to reduce portal pressure and improve survival in a murine model of portal hypertension Eguchi A, et al. Hepatology 2015 62(S1):1522 [AASLD abstract 953A] 1

Objectives To evaluate, in patients with compensated cirrhosis and portal hypertension, the effect of emricasan on: portal pressure (determined by the hepatic venous pressure gradient or HVPG) safety and tolerability 2

Hypothesis Emricasan lowers portal pressure and is safe in patients with compensated cirrhosis and portal hypertension 3

Methods Prospective, proof-of-concept, multi-center (9 U.S. sites), open-label study Emricasan administered orally at a dose of 25 mg twice a day for 28 days Hepatic venous pressure gradient (HVPG) assessed before and after emricasan One expert (J.B.) read all HVPG tracings Investigators had access to all the data 4

Methods: Inclusion and Exclusion Criteria Inclusion criteria Cirrhosis (HCV, NASH, limiting alcoholic etiology to <40%) Portal hypertension, i.e. HVPG > 5 mmhg Main exclusion criteria Decompensation or HCC at entry Use of vasoactive drugs (beta-blockers, nitrates, PDE inhibitors) HCV-infected subjects receiving or planning on receiving anti-viral therapy during the course of the study Concomitant HIV infection Unwillingness to undergo contraception from screening to one month after last dose of emricasan 5

Study Schema Screening Phase Open-Label Treatment Phase Follow-up Phase Screen Emricasan 25 mg BID N=23 treated (22 evaluable) Follow-Up Day -7 to Day 0 Day 1 - - - - - - -- - - - - - - Day 28 Day 56 Baseline HVPG Follow-up HVPG 6

Methods: Study Outcomes Primary (Baseline to Day 28) Change in HVPG Change in cck18 serum levels (marker of apoptosis and indicator of caspase activity) Secondary (Baseline to Day 28) Change in liver enzymes (ALT, AST), caspase 3/7, MELD, Child- Pugh score Development of decompensation Safety Variables (Baseline to Day 56) Adverse events Vital signs Laboratory tests EKG (QTc interval) 7

Statistical Analyses Analysis in the entire group Post-hoc analyses of baseline HVPG subgroups: <12 or 12 mmhg (severe portal hypertension) Post-hoc sensitivity analysis conducted using an HVPG cutoff of 10 mmhg Analyses of primary endpoints used parametric tests given no major violations of normality Sensitivity analyses using non-parametric tests yielded similar results 8

Results: Baseline Characteristics of the Cohort (N=23) Median* Range (min, max) Age (yrs) 59 48-80 Gender (% male) 16 (69.6%) male N/A Race (% Caucasian) 21 (91.3%) Caucasian N/A Etiology of cirrhosis - NASH 13 (56.5%) N/A - HCV (± alcohol) 9 (39.1%) N/A - Alcohol alone 1 (4.3%) N/A BMI (kg/m 2 ) 32.4 17.9 44.9 Platelet count (K/mm 3 ) 104 43-199 ALT (U/L) 25 10-99 AST (U/L) 35 16-83 Total bilirubin (mg/dl) 0.73 0.31 3.08 Albumin (g/dl) 4.2 2.7 4.9 INR 1.1 0.9 1.6 Number with Child Class A 20 (87%) N/A MELD score 8 6-15 HVPG (mmhg) 13.5 5.5 32.0 *Except where percentages are in parentheses 9

Results: Overall, there were no significant differences in HVPG Entire Group (N=22*) 35 15.3±7.8 mmhg 14.1±6.4 mmhg 30 25 20 15 10 5 0 Baseline Day 28 Mean change: 1.2% ( 1.1±4.6 mmhg), p=0.26 *1 subject withdrew after 1 week due to adverse events of abdominal bloating and conjunctivitis (no follow-up HVPG) 10

Results: A clinically meaningful reduction in HVPG was observed in patients with severe portal hypertension (HVPG 12 mmhg) at baseline Baseline HVPG < 12 mmhg (N=10) Baseline HVPG 12 mmhg (N=12) 35 35 21.3±5.3 mmhg 17.6±6.1 mmhg 30 30 HVPG (mmhg) 25 20 15 8.1±1.9 mmhg 10.0±3.9 mmhg HVPG (mmhg) 25 20 15 10 10 5 5 0 Baseline Day 28 0 Baseline Day 28 Mean change: 23.1% ( 1.9±3.2 mmhg), p=0.12 Mean change: 17.2% ( 3.7±4.0 mmhg), p<0.003* *p-value not adjusted for multiple testing 8/12 had a 10% decrease; 4/12 had a 20% decrease; 2/12 HVPG below 12 mmhg 11

Results: Sensitivity analyses using HVPG cut-off of 10 mmhg (clinically significant portal hypertension) showed similar results Baseline HVPG < 10 mmhg (N=7) Baseline HVPG 10 mmhg (N=15) 35 35 19.1±6.5 mmhg 16.5±5.8 mmhg HVPG (mmhg) 30 25 20 15 7.0±1.0 mmhg 8.9±4.2 mmhg HVPG (mmhg) 30 25 20 15 10 10 5 5 0 Baseline Day 28 0 Baseline Day 28 Mean change: 25.4% ( 1.9±3.7 mmhg), p=0.23 Mean change: 10.1% ( 2.6±4.3 mmhg), p=0.03* *p-value not adjusted for multiple testing 12

Results: cck18 levels decreased in entire group but were relatively low at baseline 250 Baseline Day 28 (U/L) cck18 200 150 100 * * NS 50 0 BL All D28 <12 BL mmhg D28 >12 BL mmhg D28 *p<0.05, not adjusted for multiple testing NS=not significant Data are geometric means 13

Results: Changes in clinical, biochemical and biomarker parameters HVPG < 12 mmhg (N=10) Median (Range) p HVPG 12 mmhg (N=13) Median (Range) Systolic BP (mmhg) -2 (-12, 16) 0.85 0 (-14, 17) 0.99 Heart rate (bpm) -4 (-22, 10) 0.20 0 (-29, 24) 0.98 BMI (kg/m 2 ) +0.3 (-0.2, 1.5) 0.05 0 (-1.9, 1.4) 1.0 Platelet count (K/mm 3 ) 0 (-31, 24) 0.77-8 (-33, 13) 0.08 AST (U/L) -2.5 (-23, 68) 0.32-4 (-29, 8) 0.03 ALT (U/L) 0 (-61, 43) 0.44-5 (-15, 4) 0.008 Total bilirubin (mg/dl) -0.1 (-0.6, 0.3) 0.29 0 (-0.4, 0.5) 0.78 Albumin (g/dl) -0.15 (-0.4, 0.3) 0.16-0.1 (-0.5, 0.4) 0.40 INR 0 (-0.1, 0.1) 0.34 0 (-0.2, 0.1) 0.74 MELD score 0 (-2, 1) 0.38 0 (-2, 2) 0.43 Caspase 3/7* (RLU) -746 (-3452, 424) 0.009-655 (-2337, 1107) 0.06 p No correlation was found between changes in these parameters and changes in HVPG *Excludes 1 outlier p-values not adjusted for multiple testing 14

Results: Emricasan was generally well tolerated Baseline HVPG <12 mmhg (N=10) 12 mmhg (N=13) All Subjects (N=23) Number of AEs 11 49 60* Number of related AEs 7 8 15 Subjects with AEs 6 (60.0%) 9 (69.2%) 15 (65.2%) Subjects with serious AEs 0 1 (7.7%)* 1 (4.3%) Subjects with moderate AEs 4 (40.0%) 6 (46.2%) 10 (45.3%) Subjects with severe AEs 0 1 (7.7%)** 1 (4.3%) Subjects with AEs leading to discontinuation 0 1 (7.7%) 1 (4.3%) AEs occurring in >5% subjects * One subject had 3 serious AEs (SIRS, acute respiratory failure, dyspnea) occurring 10 days after last dose of study drug, assessed unrelated, along with 24 other AEs ** All AEs except 2 (SIRS, anemia in the same subject with 3 SAEs) were mild to moderate in severity All subjects N (%) Fatigue 5 (21.7%) Headache 3 (13.0%) Peripheral edema No clinically significant changes in routine labs, vital signs, or ECG (QTc) 3 (13.0%) Dehydration 2 (8.7%) Diarrhea 2 (8.7%) Constipation 2 (8.7%) Nausea 2 (8.7%) No subject developed cirrhosis decompensation (ascites, encephalopathy, hemorrhage) 15

Limitations Study is small, not placebo-controlled, relatively short duration Classification of patients with severe portal hypertension was established post-hoc 16

Summary Emricasan administered orally for 28 days was associated with a clinically meaningful decrease in portal pressure in patients with compensated cirrhosis and severe portal hypertension Although a hemodynamic mechanism cannot be ruled out, concomitant decreases in AST/ALT suggest an intrahepatic effect Emricasan was generally well-tolerated 17

Future directions Trials of longer duration will elucidate potential additional long-term effects due to microvascular remodeling or amelioration of vasodilatation Randomized, placebo-controlled Phase 2 studies that will assess different doses of emricasan using an HVPG endpoint at 6 months are planned for 2016 18

Acknowledgements Nine U.S. Sites Screened/Enrolled Subjects: - Albert Einstein Medical Center (PI: Dr. Feyssa) - Johns Hopkins Sibley Memorial Hospital (PI: Dr. Shetty) - Liver Institute of Virginia 2 locations (PI: Dr. Shiffman) - McGuire DVAMC (PI: Dr. Fuchs) - Rutgers New Jersey Medical School (PI: Dr. Pyropoulos) - University of Mississippi (PI: Dr. Borg) - University of Pennsylvania (PI: Dr. Reddy) - University of Utah (PI: Dr. Gallegos) - Yale University, VA-CT HCS (PI: Dr. Garcia-Tsao) 19