I. Kalfus MD, D. Riff MD, R. Fathi PhD, D. Graham MD

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A Randomized Double Blind Placebo Controlled Phase III Study to Assess the Safety and Efficacy of Rifabutin Triple Therapy (RHB-105) for Helicobacter pylori (H. pylori) Infection in Dyspepsia Patients I. Kalfus MD, D. Riff MD, R. Fathi PhD, D. Graham MD

Financial and Other Disclosures Data from IRB-approved human research is presented I have the following financial interests or relationships to disclose: RedHill Biopharma Ltd. Disclosure code Consultant, Medical Director and Shareholder 2

Indication H. pylori is an infectious disease¹ (Kyoto) Irrespective symptoms and stage of disease A test-and-treat strategy is appropriate for uninvestigated dyspepsia² (Maastricht V) H. pylori infected individuals should be offered eradication therapy with caveats Age, alarm symptoms and H. pylori prevalence/susceptibility the only good H. pylori is a dead H. pylori³ ¹Gut 2015;64:1353-1367 ²Malfertheiner P, et al. Gut 2017;66:6 30 ³Graham D., Lancet, Vol 350 July 5, 1997 3

H. pylori A Global Issue ~50% of world s population is infected 30-40% in US with 60-70% sub-populations¹ 60% in Israel² First course of tx offers Greatest chance at eradication Reduced risk of gastritis, PUD and gastric cancer³ Treatment failure associated with increased risk of antibiotic resistance ¹Epplein et al., Cancer Epidemiol Biomarkers Prev. 2011;20:826 34 ³ Helicobacter Pylori: A Worldwide Perspective 2014. Shmuely and Niv,Helicobacter pylori in IEpidemiology, Pathophysiology, Diagnosis, Management and Resistance to Therapy, pp 169-182, 2016 ³Gut 2015;64:1353-1367 4

The Problem Up to 30% failure to eradicate with standard triple therapy resistance to clarithromycin & metronidazole 5

The Solution RHB-105 All-in one capsule formulation 4 capsules tid Amoxicillin 1000 mg tid 3 gm daily Rifabutin 50 mg tid 150 mg daily Omeprazole 40 mg tid 120 mg daily >90% efficacy in AMX/RIF/PPI single site SOC failed tx study¹ Minimal resistance noted to AMX/RIF ¹Borody et al., Aliment Pharmacol Therapy. 2006, 23, 481-488 6

Randomized DBPC Phase III Study (ERADICATE Hp) Assess the Safety and Efficacy of RHB-105 in the Treatment of Confirmed Helicobacter pylori Infection in Dyspepsia Patients Negative ¹³C UBT 28-35 days post tx 118 Subjects 2:1 Randomization RHB-105:Placebo 77:41 63% Female:37% Male 92% White and Hispanic 9 active sites Treatment failures received investigator directed therapy with f/u test of cure post therapy 7

Major Inclusion/Exclusion Criteria Inclusion Criteria Aged 18 65 years Positive for H. pylori by 13 C UBT and fecal antigen test or gastric biopsy within 6 weeks Dyspeptic symptoms for at least 2 weeks recurrent pain/discomfort in upper abdomen Exclusion Criteria Alarm symptoms/signs Antibiotics 4 weeks prior Bismuth or PPI 2 weeks prior Hx. prior H. pylori eradication therapy Pregnancy, HIV, HCV 8

Assumptions and Endpoints RHB-105 at least 20% more effective than 70% historical control 90% power, 0.025 one sided Primary endpoint mitt population RHB-105 success rate vs 70% reported effectiveness of SOC triple therapy Comparison vs placebo would not be informative Secondary endpoint Safety 9

Protocol Defined Populations Intent-to-Treat (ITT), n=77 At least one dose of RHB-105 drug Modified Intent-to-Treat (mitt), n=66 At least one dose of RHB-105 and ¹³C UBT day 28-35 5 subjects withdrawn due to poor compliance (<75%) 5 subjects lost to follow up 1 subject with AE of nausea discontinued study drug Per Protocol (PP), n=63 At least one dose of RHB-105,¹³C UBT day 28-35 and no major protocol violations 3 subjects withdrawn due to premature test of cure at days 20, 24, and 27 10

Disposition of All Subjects RHB-105 N = 77 Placebo N = 41 Total (N = 118) Completed main study 63 (81.8%) 30 (73.2%) 93 (78.8%) Discontinued from main study 14 (18.2%) 11 (26.8%) 25 (21.2%) Reason for early termination: Lost to follow-up 6 (7.8%) 7 (17.1%) 13 (11.0%) <75% compliance with drug 5 (6.5%) 0 5 (4.2%) Withdrawal of informed consent 2 (2.6%) 3 (7.3%) 5 (4.2%) Safety issue with inability to 0 1 (2.4%) 1 (0.8%) continue on study drug (Anemia) AE Nausea with d/c study drug 1 (1.3%) 0 1 (0.8%) 11

Efficacy Results Primary endpoint mitt RHB -105 success rate 89.4% (59/66 subjects), p-value<0.001 Sensitivity Analyses PP success rate 88.9% (56/63), p-value<0.001 ITT success rate 76.6% (59/77), p-value=0.085 SOC eradication rate of 63% (17/27 subjects) 12

SOC Success Rate Post Tx H. pylori Eradication by Population mitt Treatment Group Success Failure P-value RHB-105 59 (89.4%) 7 (10.6%) SOC tx naive 17 (63.0%) 10 (37.0%) 0.006 ITT RHB-105 59 (76.6%) 18(23.3%) 0.009 SOC tx naive 17 (52.0%) 16 (50.0%) 13

Placebo Comparator Not Informative mitt RHB-105 Placebo Total N = 66 N = 37 Success 59 (89.4%) 1 (2.7%) 60 Failure 7 (10.6%) 36 (97.3%) 43 P-value < 0.001 PP N = 63 N = 36 Success 56 (88.9%) 1 (2.8%) 57 Failure 7 (11.1%) 35 (97.2%) 42 P-value < 0.001 ITT N = 77 N = 41 Success 59 (76.6%) 1 (2.4%) 60 Failure 18 (23.4%) 40 (97.6%) 58 P-value 0.085 14

Safety 151 AEs in 55 of 118 subjects 103 AEs in RHB-105 arm:48 AEs in placebo arm 55 TEAEs 31 mild 20 moderate 4 severe RHB-105: Rash / diarrhea Placebo: Anemia / perirectal abscess 1 Additional anemia noted at baseline in RHB-105 subject 15

Summary of Treatment-Emergent Adverse Events (>5% Safety Population) RHB-105 N = 77 Placebo N = 41 Total N = 118 Category # Pts (%) # AEs # Pts (%) #AEs # Pts (%) # AEs All System 38 (49.4%) 103 17 (41.5%) 48 55 (46.6%) 151 Organ Classes Diarrhea 11 (14.3%) 14 4 (9.8%) 4 15 (12.7%) 18 Abdominal tenderness 5 (6.5%) 5 3 (7.3%) 3 8 (6.8%) 8 Headache 10 (13.0%) 13 4 (9.8%) 4 14 (11.9%) 17 Dizziness 3 (3.9%) 4 3 (7.3%) 3 6 (5.1%) 7 Chromaturia 10 (13.0%) 10 1 (2.4%) 1 11 (9.3%) 11 16

Summary of Treatment-Related TEAEs (>5% Safety Population) RHB-105 N = 77 Placebo N = 41 Total N = 118 Category #Pts (%) # AEs #Pts (%) #AEs #Pts (%) # AEs All System 38 (49.4%) 103 17 (41.5%) 48 55 (46.6%) 151 Organ Classes Related 23 (29.9%) 40 8 (19.5%) 23 31 (26.3%) 63 Not Related 15 (19.5%) 63 9 (22.0%) 25 24 (20.3%) 88 Diarrhea 9 (11.7%) 9 4 (9.8%) 4 13 (11.0%) 13 Headache 4 (5.2%) 5 3 (7.3%) 3 7 (5.9%) 8 Chromaturia 9 (11.7%) 9 1 (2.4%) 1 10 (8.5%) 10 Related = Possibly, Probably, or Definitely Related. Unrelated = Unlikely, Unrelated. Treatment emergent AEs are defined as those beginning on or after the first dose of study treatment. 17

Safety 2 SAEs unrelated to study drug Anemia noted at screening subject completed study (RHB-105 arm) Perirectal abscess 18 days after completing study drug (placebo arm) 2 Early discontinuations in RHB-105 Arm Pharyngitis with poor compliance Nausea with poor compliance 18

RHB-105 Study Conclusions A novel 3 in 1 potential new therapy Safe, well tolerated and more effective than historical or physician selected SOC treatment Confirmatory Phase III study planned Subject compliance and retention essential 19

Thank You Subjects and Study Site personnel who participated and supported this study David Graham and other PIs Special thanks to Dennis Riff, lead enroller 20

Thank You 21