Novel RCC Targets from Immuno-Oncology and Antibody-Drug Conjugates

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Novel RCC Targets from Immuno-Oncology and Antibody-Drug Conjugates Christopher Turner, MD Vice President, Clinical Science 04 November 2016

Uveal Melanoma Celldex Pipeline CANDIDATE INDICATION Preclinical Phase 1 Phase 2 Phase 3 Glembatumumab Vedotin (gpnmb) Triple Negative Breast Cancer Metastatic Melanoma METRIC Trial (registrational) +/- Varlilumab Osteosarcoma Ongoing Varlilumab (CD27) Squamous Cell Lung Cancer Multiple Solid Tumors (incl RCC) (with PrECOG) + Nivolumab (with BMS) Investigator Sponsored Trial Renal Cell Carcinoma + Sunitinib Multiple Solid Tumors (incl RCC) + Atezolizumab (Roche) CDX-1401 (NY-ESO-1) Metastatic Melanoma Ovarian, Fallopian Tube or Primary Peritoneal Carcinoma + CDX-301 + Epacadostat CDX-301 (FLT3L Pathway) B-cell Lymphomas CDX-014 (TIM-1) Renal Cell Carcinoma CDX-1140 (CD40) Multiple Tumor Types

Varlilumab: Immune Modulating mab Targeting CD27 3

Varlilumab: Immune Modulating mab Targeting CD27 Induces activation and proliferation of human T cells when combined with T-cell receptor stimulation 1 In lymphoid malignancies that express CD27 at high levels, varlilumab has an additional mechanism through a direct anti-tumor effect 2 Has potential to augment a patient s immune response in combination with: Checkpoint inhibitors (anti-ctla-4, anti-pd-1) APC targeting combinations (CDX-1401) Vaccines/Immunotherapy Other immune modulators (CDX-301) Chemo or ADC that reduce tumor burden and provide source of tumor antigen (glembatumumab vedotin; sunitinib) 1. Ramakrishna, et al. J Immunother Cancer. 2015; 3:37. 2. Burris, et al. SITC 2013. Poster. 4

Varlilumab: Immune Modulating mab Targeting CD27 Mechanism of Action Varlilumab is an agonist anti-cd27 mab: Binds to the CD27 (TNFRSF member) expressed on the cell surface and blocks CD70 binding Through its binding with CD27, valilumab: Results in proliferation, survival, and maturation of effector capacity and memory T cells Potential to activate B cells and promote generation of plasma cells and production of immunoglobulin and induce NK cell cytolytic activity Preclinical Activity Based on preclinical data, anti-tumor efficacy of CD27 mabs is likely to involve multiple mechanisms: Expansion and maintenance of tumor-specific CD8+ T cells Enhancement of NK cell function Reducing immune suppression mechanisms mediated by regulatory T cells and negative costimulatory molecules. Direct effector function via antibody-dependent cellmediated cytotoxicity Varlilumab has been shown effective in syngeneic murine tumor models alone, in CD27 expressing tumors and in combination with chemotherapy or check-point inhibitors 5

Varlilumab Proof of Concept Data Safety profile appears favorable in its class; minimal toxicities; no indication of high grade immune-mediated AEs; most common AE is fatigue 1 Potent immunologic activity consistent with MOA 1 Rapid induction of pro-inflammatory cytokines Activation of T cells as assessed by increased HLA-DR expression and antigen specific responses Marked decrease in T regs without evidence of broad T cell depletion Single-agent antitumor activity demonstrated in advanced, refractory patients (n=90) 2 Two patients experienced significant objective responses Complete response in Hodgkin lymphoma, continues at 33.1+ months Partial response in renal cell carcinoma continues at 27.7+ months Thirteen patients experienced stable disease Renal cell carcinoma, 47.3+ months Follicular lymphoma, 14 months Uveal melanoma, 11.5 months Less frequent dosing may provide optimal immunologic effects 1. Bullock, et al. SITC 2014. Poster #: 52514. 2. Publications- submitted (solid tumors) and in preparation (heme) 6

Partial Response in RCC Patient in Varlilumab Phase 1 Study Baseline Day 85 Day 177 67 year old male with stage IV RCC Progressed through 3 prior regimens Lenalidomide and Sutent treated for 11 months before PD Everolimus treated for 25 months before PD Sonepcizumab/LT1009 treated for less than 1 month before PD and 7 weeks prior to varlilumab Partial Response (PR) after 1 cycle of varlilumab (3 mg/kg) Decrease in all target lesions (-31% end of cycle 1, -52% end of cycle 2, -67% end of cycle 3) Lung nodule completely resolved (shown in scans above)

Use of Varlilumab in Combination with Checkpoint Inhibitors to Augment Anti-tumor Activity 8

Percent Survival Rationale for Combination Immunotherapy Regimens Targeted therapy of multiple non-redundant molecular pathways regulating immune responses may enhance antitumor immunotherapy without unexpected toxicity Combining PD-1 Signaling Blockade with Varlilumab Results in Increased Survival BCL1 Lymphoma Model In RCC patients with high CD70 expression, blockade of tumor induced CD27 signaling by anti-cd27 antibody, an antibody which competes for the ligand binding site, could reduce apoptosis of effector T cells and survival of Tregs P< 0.0001 vs. all groups Saline, n=30 Varlilumab, n=30 Anti-PD-L1, n=30 Varlilumab + anti-pd-l1, n=30 Antitumor immune responses enhanced by mab mediated CD27 ligation still must contend with regulatory mechanisms designed to dampen immunity P= 0.0001 vs. saline Combining varlilumab with anti-pd-l1 mab enhanced tumor antitumor activity and survival in 2 different tumor models Days Post Tumor Inoculation BCL1 model: K-M survival hcd27-tg BALB/c mice (n=10) administered 1x10 7 BCL1 cells i.v. on day 0. Varlilumab (200 ug) or saline was administered i.p. on days 4, 6, 8, 10 and 12 and anti-pd-l1 (100 ug) was administered i.p. on days 4, 6 and 8. Mice were followed for survival. Marriott Miami Biscayne Bay, 9 Miami, Florida, USA 9

Varlilumab Clinical Studies Multiple Indications (including RCC) Phase 1/2 study collaboration with BMS varlilumab and nivolumab (PD-1 immune checkpoint inhibitor) in up to 225 patients Preliminary data on 35 patients in Phase 1 presented at AACR 2016 CRC (n=20), ovarian (n=8), metastatic melanoma (n=4) and HNSCC (n=3); 69% of patients had 3+ prior therapies No MTD reached; minimal additive toxicity from varlilumab with no evidence of increased autoimmunity/inappropriate immune activation Combo therapy led to marked changes in the tumor microenvironment Increased infiltrating CD8+ T cells and increased PD-L1 expression, which have been shown to correlate with a greater magnitude of treatment effect from checkpoint inhibitors in other clinical studies Additional favorable immune biomarkers noted increase in inflammatory chemokines and decrease in T regulatory cells Sanborn AACR 2016. 10

Multiple Indications (including RCC) Varlilumab Clinical Studies Preliminary data on 35 patients in Phase 1 presented at AACR 2016 In a subset of patients (n=17) on study who had both pre- and post-tumor biopsies available, preliminary evidence suggest a correlation between biomarker data (including changes in TILs) and stable disease or better in seven of these patients Sanborn AACR 2016. 11

Multiple Indications (including RCC) Phase 2 opened to enrollment in Q2 2016 Varlilumab Clinical Studies Enrolling patients with advanced (recurrent, locally advanced, or metastatic) disease CRC (n=18), ovarian cancer (n=18), glioblastoma (n=20), head and neck squamous cell carcinoma (n=48) and RCC (n=75) For RCC and SCCHN Nivolumab dosing 240 mg IV every 2 weeks in combination with Varlilumab at one of three dose levels (0.3 mg/kg q4 wks, 3 mg/kg q2 wks, and 3 mg/kg q12 wks) Key Inclusion/Exclusion Criteria for RCC Have histologically confirmed diagnosis of predominant clear cell renal cell carcinoma Must have received 1 or 2 prior anti-angiogenic therapies No more than 5 total previous regimens of systemic therapy, including cytokines and cytotoxic chemotherapy Disease progression during or after the last treatment regimen and within 6 months before study entry No prior anti-pd-1, anti-pd-l1, or anti-pd-l2 therapy No prior anti-ctla-4 or anti-cd27 antibody within 3 mos of study start No history of brain metastasis 12

Varlilumab Clinical Studies Renal Cell Carcinoma Phase 1/2 study collaboration with Roche varlilumab and atezolizumab (anti-pdl1) Phase 1 portion in multiple solid tumors (primarily renal cell carcinoma and bladder)- Enrollment Complete Phase 2 planned in renal cell carcinoma Approximately 60 RCC patients in second-line or subsequent therapy Phase 1/2 study of varlilumab and sunitinib Phase 1 open to enrollment in metastatic clear cell renal cell carcinoma Approximately 60 patients tot (al in entire study (phase 1 and 2 combined) 13

CDX-014: An Anti-TIM-1 ADC

T-Cell Immunoglobulin and Mucin Domain 1 (TIM-1) as a Target Also Known as KIM-1 (Kidney Injury Molecule-1) TIM-1 is a novel renal cell and ovarian cancer target that has restricted expression in healthy tissues Known expression: Kidney proximal tubular epithelial cells (apical surface) Up-regulation in kidney injury Renal cell carcinoma: clear cell and papillary histology Endometrial (5/18 tissues) and ovarian (15/16) clear cell carcinomas Papillary RCC Papillary RCC Clear Cell RCC Chromophobe RCC 15

CDX-014: ADC Directed to a Novel Renal Cell Carcinoma and Ovarian Target CDX-014 is an antibody-drug conjugate (ADC): fully human anti-tim-1 IgG1 antibody covalently linked to a potent cytotoxin, monomethyl auristatin E (MMAE) Exhibits potent in vitro cytotoxic activity against TIM-1 expressing cell lines and in vivo anti-tumor activity in xenograft models 2 Ovarian cancer model CDX-014 Phase 1/2 study in advanced renal cell carcinoma (clear cell and papillary) initiated July 2016 Phase 1 dose escalation study to assess safety and MTD Followed by Phase 2 expansion cohort to assess ORR at MTD 1. Lin, et al. Am J Surg Pathol. 2007; 31(3):371-81. 2. Thomas, et al. AACR 2014. Poster #2649. 16

Thank you cturner@celldex.com