Phase 3 investigation of aprocitentan for resistant hypertension management. Investor Webcast June 2018

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Phase 3 investigation of aprocitentan for resistant hypertension management Investor Webcast June 2018

The following information contains certain forward-looking statements, relating to the company s business, which can be identified by the use of forward-looking terminology such as estimates, believes, expects, may, are expected to, will, will continue, should, would be, seeks, pending or anticipates or similar expressions, or by discussions of strategy, plans or intentions. Such statements include descriptions of the company s investment and research and development programs and anticipated expenditures in connection therewith, descriptions of new products expected to be introduced by the company and anticipated customer demand for such products and products in the company s existing portfolio. Such statements reflect the current views of the company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements that may be expressed or implied by such forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. 2

More knowledge Powered by science Jean-Paul Clozel CEO 3

Our Strategic Priorities 1 5 key priorities to ensure the company s success over the next 5 years 2 Deliver at least three products to market Build a commercial organization 3 Bring Idorsia to profitability in a sustainable manner 4 5 Create a pipeline with a sales potential of CHF 5 billion Utilize state-of-the-art technologies 4

Aprocitentan Collaboration with Janssen Biotech, Inc. Janssen Biotech, Inc. and Idorsia are collaborating in respect of the development and commercialization of aprocitentan and any of its derivative compounds or products Idorsia has received a one-time milestone payment of USD 230 million Both parties will have joint development rights over aprocitentan, while Janssen Biotech, Inc will have the sole manufacturing and commercialization rights The development costs will be shared equally between both partners Idorsia will oversee Phase 3 development and regulatory submission for the first indication Janssen will oversee the Phase 3 development and submission for any additional indications 5

Phase 3 investigation of aprocitentan for resistant hypertension management Guy Braunstein Head of Global Clinical Development 6

Hypertension as a cardiovascular risk factor 30% of adult population is hypertensive 20% of them are unaware of hypertension Hypertension, or high blood pressure, remains the most frequent addressable risk factor of cardiovascular morbidity/ mortality outcomes, ahead of smoking and obesity Reported by the 2015 Global Burden of Disease, Injuries, and Risk Factor Project collaborating with WHO The definition of hypertension was recently updated to be a persistently elevated blood pressure above 130/80 mm Hg ACA/AHA Task Force on Clinical Practice Guidelines 2017 7

What is resistant hypertension? Definition Resistant hypertension Patients whose blood pressure remains high, despite receiving at least three antihypertensive medications from different classes, including a diuretic, at maximal tolerated dose Not resistant hypertension Pseudo-resistant hypertension due to: White coat effect Medical inertia Poor adherence to treatment Inappropriate blood pressure measurement Treatable secondary hypertension 8

Resistant hypertension Clinical phenotypes Typical characteristics of patients with resistant hypertension Poorer prognosis: higher incidence of major cardiovascular events High baseline blood pressure and chronicity of uncontrolled hypertension Ethnicity (black) Sex (women) Older age; especially > 75 years Excessive dietary sodium Target organ damage (left ventricular hypertrophy, chronic kidney disease) Diabetes Cumulative incidence (%) REACH Registry n = 53,530 Aortic stiffening Obesity Medication usage: Atherosclerotic vascular disease Time Until CVD/MI/Stroke (Months) 9

Resistant hypertension Therapeutic options Current (2018) Medical Treatment Principles Pharmacological therapy Check that each drug is used at the maximum tolerated level Optimize diuretic treatment Add antihypertensive drugs with different mechanism of action Aldosterone receptor antagonist (PATHWAY 2) or B1-blockers if not contraindicated Device-based therapy (need confirmation of their benefit) Renal denervation Baroreflex activation therapy There is an urgent public health need for additional therapies acting on pathways different from those currently used, in line with the underlying disease mechanism. Prof. John Chalmers, MD 10

Aprocitentan in resistant hypertension Rationale Endothelin (ET) System is involved in resistant hypertension ET system is activated in hypertension and especially in salt-and volumedependent hypertension Resistant hypertension is often a salt- and volumedependent hypertension ET-1 increase is associated with most risk factors linked to resistant hypertension ET system may play a role in vascular remodeling, cardiac hypertrophy and the complications of resistant hypertension 11

Aprocitentan in resistant hypertension Rationale Orally active Potent dual ETA and ETB receptor antagonist Synergistic effect with other antihypertensive drugs (RAAS blockers) in animal models Low potential for drug-drug interaction Evidence of blockade of both receptors in vivo in humans Demonstrated efficacy of aprocitentan on blood pressure, renal and cardiac protection in animal models of saltdependent hypertension Demonstrated blood pressure decrease in patients with essential hypertension 12

Aprocitentan in resistant hypertension Clinical development SPIRIT survey To characterize the RHT patient population To identify sites where these patients are managed Clinical pharmacology Phase 2 study Today Phase 3 confirmatory study Confirmation of dual ETA and ETB receptor blockade No dose adjustment in patients with any degree of renal impairment Low potential for drug-drug interaction Clinically relevant, dose-dependent lowering of blood pressure in essential hypertension patients Doses selected for further development 13

Aprocitentan in resistant hypertension Phase 2 study Design Prospective, multi-center, double-blind, doubledummy, randomized, monotherapy, placebo- and active-reference, parallel group, Phase 2 dosefinding study in mild to moderate hypertension Patient population Mild-to-moderate essential hypertension (Systolic BP/Diastolic BP 140/90 to < 180/110) Background medication stopped at screening Mean diastolic BP 90 to < 110 mmhg at randomization Placebo Aprocitentan 5 mg Aprocitentan 10 mg Aprocitentan 25 mg Aprocitentan 50 mg Lisinopril 20 mg Period I Screening and run-in Period II Treatment Period III Withdrawal Safety Follow-up -6-4 -2 Week Randomization 2 4 6 8 10 12 Day 1 14

Aprocitentan in resistant hypertension Aprocitentan dose-dependently decreases blood pressure Phase 2 study Diastolic Blood Pressure -5 Systolic Blood Pressure Mean change from baseline in DBP (mmhg) -4-6 -8-10 -12-14 Mean change from baseline in SBP (mmhg) -10-15 -20 5 10 25 50 20 5 10 25 50 20 Placebo Aprocitentan dose (mg) Lisinopril (mg) Placebo Aprocitentan dose (mg) Lisinopril (mg) 15

Aprocitentan in resistant hypertension Safety results Phase 2 study Placebo Aprocitentan Lisinopril 5 mg 10 mg 25 mg 50 mg 20 mg N 82 82 82 80 81 81 Patients with at least one AE 30 (37%) 18 (22%) 24 (29%) 33 (40%) 22 (27%) 26 (32%) Headache (12) 1 1 2 2 2 4 Nasopharyngitis (10) 1 1 2 2 0 4 Upper respiratory tract infection (9) 1 0 4 1 2 1 Arthralgia (7) 2 0 1 1 3 0 Pain in extremity (5) 1 1 0 1 2 0 Constipation (4) 0 0 2 1 0 1 Hemoglobin decreased (4) 0 0 2 1 0 1 Edema peripheral (4) 0 0 0 2 2 0 Orthostatic hypotension (4) 1 0 0 1 0 2 AE leading to study treatment discontinuation 5 (6%) 1 (1%) 2 (2%) 3 (4%) 3 (4%) 3 (4%) Patients with at least one SAE 0 0 0 2 (2%) 0 1 (1%) AE = Averse Event; SAE = Serious Adverse Event 16

Aprocitentan in resistant hypertension Phase 2 conclusion Phase 2 study Efficacy Dose response was consistent across all parameters measured Efficacy observed at 10 and 25 mg, with no additional effect at 50 mg The effect of aprocitentan covers the 24 h period Safety (in the limit of the study design) well tolerated across all doses overall frequency of adverse events on aprocitentan was similar to placebo Two doses selected for Phase 3 12.5 mg and 25 mg 17

Phase 3 confirmatory study Benefitting from consultation with regulatory agencies PRECISION PRECISION will assess the short-term efficacy of aprocitentan as well as the durability of the effect. It will provide replication of clinical evidence in a single study 18

Phase 3 confirmatory study Study Design PRECISION RHT confirmation Standardization Stabilization Efficacy and safety of aprocitentan 1 to 8 weeks Screening 4 weeks 4 weeks 4 weeks 32 weeks Withdrawal 12 weeks 30 days Screening Run-in Part I Part II Part III Safety Follow-up Individual background antihypertensive medication Standard background antihypertensive therapy Stabilization on standardized medication 25 mg Aprocitentan 12.5 mg Aprocitentan Placebo 25 mg Aprocitentan 25 mg Aprocitentan Placebo Randomization Re-Randomization End of treatment End of study Continue standard background therapy 19

Phase 3 confirmatory study Objectives PRECISION Part I Part II Part III Double-blind treatment 12.5 mg aprocitentan or 25 mg aprocitentan or placebo Period of 4 weeks To demonstrate the blood pressure lowering effect of aprocitentan when added to standard-of-care in true resistant hypertension patients Single-blind treatment 25 mg aprocitentan Period of 32 weeks To evaluate long-term safety and tolerability of aprocitentan when added to standard-of-care in true resistant hypertension patients Double-blind, randomized, withdrawal treatment 25 mg aprocitentan or placebo Period of 12 weeks To demonstrate that the effect of aprocitentan on blood pressure is durable when added to standard-of-care in true resistant hypertension patients 20

Phase 3 confirmatory study Patient population: True resistant hypertension patients on standardized triple therapy PRECISION Entry into screening Entry into run-in Randomization Mean systolic blood pressure 140 mmhg (measured by unattended automated office blood pressure measurement - AOBPM), despite a background antihypertensive medication of at least 3 different pharmacological classes (including a diuretic) Confirmed diagnosis of resistant hypertension, mean blood pressure 140 mmhg by AOBPM, who are on standardized background medication therapy for at least 4 weeks Standardized therapy Calcium channel blocker, amlodipine Angiotensin receptor blocker, valsartan Diuretic, hydrochlorothiazide Mean systolic blood pressure 140 mmhg by AOBPM, despite stable standardized therapy 21

Phase 3 confirmatory study Study endpoints Primary endpoint Change from baseline to week 4 of double-blind treatment in mean trough sitting systolic blood pressure by AOBPM Key secondary endpoint Change from week 36 (start of withdrawal period) to week 40 in mean trough sitting systolic blood pressure by AOBPM Other important endpoints Other clinically important blood pressure parameters at week 4 and week 40 Diastolic blood pressure by AOBPM Systolic and diastolic blood pressure by 24-hr ambulatory blood pressure monitoring Safety assessments Pharmacokinetic assessment PRECISION 22

Summary Aprocitentan has great potential in difficult to control hypertension resistant hypertension as an oral, once daily treatment based on: Pathophysiology of resistant hypertension Mode of action of aprocitentan Efficacy in essential hypertension (Phase 2) We are collaborating with Janssen Biotech to jointly develop and commercialize aprocitentan Phase 3 study ongoing to evaluate initial and long-term effects of aprocitentan on systolic and diastolic blood pressure in patients requiring resistant hypertension management This registration program has benefitted from inputs from health authorities, in particular the US FDA Resistant hypertension management Compound: Aprocitentan Mechanism of action: Dual endothelin receptor antagonism Status: Phase 3 23

Despite hypertension being a serious and growing problem around the world, there is surprisingly little research going on in the field. It has been over 30 years since an anti-hypertensive drug working via a new pathway has been brought to the market. Physician 24