Kevin Fitzgerald, PhD

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A Subcutaneously Administered Investigational RNAi Therapeutic (ALN-PCSsc), Targeting PCSK9 for the Treatment of Hypercholesterolemia: Initial Phase 1 Study Results Kevin Fitzgerald, PhD Co-authors: Amy Simon 1, Suellen White 1, Anna Borodovsky 1, Nirav Patel 1, Brian Bettencourt 1, Valerie Clausen 1, Jay Horton 3, Peter Wijngaard 2, Robert Kauffman 1, David Kallend 2 1 Alnylam Pharmaceuticals, 300 Third Street, Cambridge, MA 02142 USA 2 The Medicines Company, 8 Sylvan Way, Parsippany, NJ 07054 USA 3 University of Texas South Western, 5323 Harry Hines Blvd, Dallas, TX 75390 USA Slide deck kindly supplied by Alnylam Pharmaceuticals and The Medicines Company 1

A Phase 1, Randomized, Single-Blind, Placebo-Controlled, Single Ascending Dose and Multiple Dose Study to Evaluate the Safety, Tolerability, Pharmacokinetics and Pharmacodynamics of Subcutaneously Administered ALN-PCSsc in Subjects with Elevated Low-Density Lipoprotein Cholesterol 2

Abstract ALN-PCSsc is an investigational RNAi therapeutic targeting PCSK9 protein synthesis. We report here a positive interim analysis of our ongoing Phase 1 trial of ALN-PCSsc. In this trial, we have tested the ability of single subcutaneous doses of ALN-PCSsc to lower both PCSK9 protein and LDL- C in healthy volunteer subjects with baseline LDL-C >100mg/dl. In addition, subjects with LDL-C >100mg/dl on and off of stable statin co-medication, were treated with two subcutaneous injections of ALN-PCSsc given 28 days apart (qm X2). Our results to date demonstrate a robust lowering of both PCSK9 protein and LDL-C. Moreover, a single dose of ALN-PCSsc achieved a highly durable response, supporting a quarterly or potentially biannual dosing frequency. ALN-PCSsc was generally well tolerated, all treatment emergent adverse events (TEAE s) were mild or moderate in severity. No serious adverse events or discontinuations due to adverse events occurred. 3

PCSK9 Therapeutic Hypothesis LDLR LDL Endosome Lysosomal degradation Anti-PCSK9 Mabs Transiently block PCSK9 binding To LDL receptor (LDLR) LDLR synthesis PCSK9 Synthesis Inhibitors Durably block PCSK9 synthesis and all intracellular and extracellular PCSK9 functions ALN-PCS PCSK9 synthesis PCSK9 mrna Nucleus PCSK9 4

ALN-PCSsc Phase 1 Study Healthy Subjects with LDL-C >100mg/dl, On or Off Statins Primary objectives Safety, tolerability Secondary objectives PK, PCSK9 and LDL-C reduction Part A: Single Dose (SAD) Randomized 3:1, Single blind, Placebo controlled 25 mg x 1 SC 100 mg x 1 SC x 1 SC x 1 SC 800 mg x 1 SC = dose Part B: Multi-Dose (MD) Randomized 6:2, Single blind, Placebo controlled, On or off statins 5 125mg qw x 4 SC 250mg q2w x 2 SC 300mg qm x 2 SC qm x2 SC +/- Statin +/- Statin

Initial ALN-PCSsc Phase 1 Study Results SAD Cohort Demographics and Baseline Characteristics 24 SAD subjects dosed with ALN-PCSsc or placebo (3:1) Placebo N = 6 25 mg N=3 100 mg N=3 N=3 N=3 800 mg Total (excluding placebo) N = 18 Age (years), Mean (Min, Max) 47.5 (20, 59) 47.3 (31, 56) 48.0 (41, 53) 48.3 (34, 58) 39.3 (25, 53) 48.7 (37, 56) 46.7 (25,58) Gender: Male (%) 33.3% 10 10 10 10 83.3% 94.4% BMI (kg/m 2 ), Mean 25.0 27.6 25.7 26.8 23.4 25.8 25.8 Race (%) -Asian -Black African or African American -Caucasian -Other 33.3% 66.7% 33.3% 66.7% 10 33.3% 33.3% 33.3% 10 16.7% 5 33.3% Time on study, Mean (months) 2.9 3.3 5.2 5.4 4.2 3.7 4.2 11.1% 11.1% 66.7% 11.1% 6

Initial ALN-PCSsc Phase 1 Study Results MD Cohort Demographics and Baseline Characteristics 45 MD subjects dosed with ALN-PCSsc or placebo (3:1) Placeb o N=12 125mg qw x4 N = 6 250mg q2w x2 qm x2 qm x2 S^ N=4 qm x2 qm x2 S^ N=5 Total (excluding placebo) N = 33 Age (years), Mean (Min, Max) 53.3 (25,71) 54.7 (42,67) 60.5 (54,70) 47.3 (37,58) 51.8 (20,68) 42.2 (25,59) 56.4 (38,69) 52.0 (20,70) Gender: Male (%) 66.7% 66.7% 66.7% 10 50. 50. 40. 63.6% BMI (kg/m 2 ), Mean 26.6 26.2 27.1 25.4 27.2 23.0 25.6 25.6 Race (%) -Asian -Black African or African American -Caucasian -Other 91.7% 8.3% 16.7% 83.3% 16.7% 50. 33.3% 10 25. 75. 16.7% 83.3% 20. 20. 60. Time on study, Mean (months) 2.8 2.9 2.4 4.7 3.1 3.3 2.7 3.2 12.1% 6.1% 75.8% 6.1% 7 S ^ = On a stable statin dose

Initial ALN-PCSsc Phase 1 Study Results Baseline Values for PCSK9 and LDL-C SAD phase Treatment (N) Placebo (6) 25mg (3) 100 mg (3) (3) (3) 800 mg (6) Overall (24) Mean (SEM) PCSK9 (ng/ml) 278.9 (40.63) 342.7 (39.20) 233.8 (22.61) 253.8 (12.91) 263.2 (14.42) 279.6 (27.31) 276.3 (13.94) Mean (SEM) LDL-C (mg/dl) 142.2 (11.35) 184.0 (26.99) 161.7 (16.06) 173.2 (29.48) 135.0 (3.33) 161.3 (10.25) 157.6 (6.61) MD phase Treatment (N) Placebo (12) 125 mg qwx4 (6) 250 mg q2wx2 (6) qm x2 (6) qm x2 S^ (4) qm x2 (6) qm x2 S^ (5) Overall (45) Mean (SEM) PCSK9 (ng/ml) 333.3 (28.95) 380.0 (20.67) 288.7 (21.86) 308.0 (25.62) 474.7 (86.65) 288.1 (28.2) 433.4 (47.98) 347.9 (15.56) Mean (SEM) LDL-C (mg/dl) 137.0 (11.09) 150.2 (7.58) 129.2 (10.18) 145.4 (12.86) 158.1 (15.62) 131.7 (20.20) 131.3 (11.24) 139.4 (4.89) 8 S ^ = On a stable statin dose

Initial ALN-PCSsc Phase 1 Study Results SAD Safety and Tolerability ALN-PCSsc generally well tolerated No SAEs and no discontinuations due to AEs All AEs mild or moderate in severity At highest dose group (800 mg), one subject with mild localized injection site reaction No clinically significant changes in laboratory parameters AE Preferred Term Common AEs ( 1 or more of ALN-PCSsc subjects)* Placebo 25 mg N=3 100 mg N=3 N=3 N=3 800 mg Total ALN- PCSsc N=18 Cough 0 0 1 0 1 0 2 Musculoskeletal pain 0 1 0 0 0 1 2 Nasopharyngitis 0 1 0 1 0 0 2 Rash 0 0 0 0 0 2** 2 *Subjects with one or more AEs 2/6 placebo; 9/18 ALN-PCSsc **1 mild injection site reaction; 1 mild facial rash not associated with drug 9

Initial ALN-PCSsc Phase 1 Study Results MD Safety and Tolerability ALN-PCSsc generally well tolerated No SAEs and no discontinuations due to AEs All AEs mild or moderate in severity AE profile generally similar with or without statins At higher drug exposures 3 subjects with mild, localized injection site reaction One at qm x2 with statin; two at 250 mg q2w x2 One subject with clinically significant change in LFTs Subject receiving ALN-PCSsc developed ALT ~4x ULN without rise in bilirubin; attributed to concomitant statin therapy AE Preferred Term Common AEs ( 1 or more of ALN-PCSsc subjects)* Placebo N=12 125 mg qwx4 250 mg q2wx2 qmx2 qmx2 S^ N=4 qmx2 qmx2 S^ N=5 Headache 2 1 1 1 1 2 0 6 Back pain 2 1 0 0 0 2 1 4 Diarrhea 3 2 0 0 1 0 1 4 Nausea 0 2 0 0 0 2 0 4 *Subjects with one or more AEs 9/12 placebo; 22/33 ALN-PCSsc S ^ =On stable dose of statin Total ALN- PCSsc N=33 10

Mean (SEM) % PCSK9 Knockdown (Change from Baseline) Initial ALN-PCSsc Phase 1 Study Results SAD PCSK9 Knockdown Relative to Baseline -40-20 Treatment Placebo 25 mg 100 mg 800 mg 0 20 40 60 80 100 0 1 2 3 4 5 Months Day/Treatment combinations where N=1 not displayed 11

Initial ALN-PCSsc Phase 1 Study Results SAD PCSK9 Knockdown Relative to Baseline Dose Group Mean Max % KD (+/- SEM) @ PCSK9 % Knockdown (KD) SAD Phase Max % KD Mean % KD Day 84 (+/- SEM) @ N at Day 84 # Mean % KD Day 140 (+/- SEM)^ N at Day 140 @ Placebo 29.4 (3.89) 38.4 0.1 (6.41) 5 NA 0 25 mg 54.3 (2.74) 59.7 47.3 (5.12) 2 14.4 (-) 1 100 mg 48.9 (15.80) 72.6 29.9 (7.44) 3-4.1 (40.83) 2 77.9 (2.01) *** 81.7 72.6 (6.99) *** 3 62.1 (4.76) * 3 75.7 (6.79) *** 85.7 68.7 (5.68) *** 3 65.7 (8.92) 2 800 mg 81.6 (1.61) *** 85.9 72.2 (3.47) *** 6 On-going On-going Mean maximal knockdown compared via ANOVA Mean knockdown per day for Days 1-84 compared via mixed effects ANCOVA @ Pairwise comparisons vs. Placebo examined via Tukey s tests under ANOVA/ANCOVA models ^Mean knockdown at Day 140 compared via pairwise t tests vs. baseline *, P < 0.05; **, P < 0.01; ***, P < 0.001 12

Mean (SEM) % LDL-C Lowering (Change from Baseline) Initial ALN-PCSsc Phase 1 Study Results SAD LDL-C Lowering Relative to Baseline 0 20 Treatment Placebo 25 mg 100 mg 800 mg 40 60 80 0 1 2 3 4 5 Months Days/Treatments where N=1 not displayed LDL-C analyzed by Beta-Quantification 13

Initial ALN-PCSsc Phase 1 Study Results SAD LDL-C Lowering Relative to Baseline Dose Group Mean Max % Reduction (+/- SEM) @ LDL-C % Reduction SAD Phase Max % Reduction Mean % Reduction Day 84 (+/- SEM) @ N at Day 84 # Mean % Reduction Day 140 (+/- SEM)^ N at Day 140 # Placebo 18.6 (2.27) 25.1 7.4 (6.99) 5 NA 0 25 mg 34.4 (5.0) 44.2 27.9 (8.02) 2 15.2 (-) 1 100 mg 43.0 (8.9) 59.8 36.6 (3.57) 3 38.7 (1.49) * 2 53.1 (7.02) 66.5 48.4 (10.99) ** 3 44.0 (0.98) *** 3 55.1 (11.56) * 78.1 47.6 (8.77) ** 3 38.7 (20.42) 2 800 mg 58.0 (4.27) ** 69.1 41.8 (5.49) ** 5 On-going On-going Mean maximal knockdown compared via ANOVA Mean knockdown per day for Days 1-84 compared via mixed effects ANCOVA @ Pairwise comparisons vs. Placebo examined via Tukey s tests under the ANOVA/ANCOVA models ^Mean lowering at Day 140 compared via pairwise t tests vs. baseline *, P < 0.05; **, P < 0.01; ***, P < 0.001 # Subjects leave study when LDL-C recovers to 8 of baseline 14

Mean (SEM) % PCSK9 Knockdown (Change from Baseline) Initial ALN-PCSsc Phase 1 Study Results MD PCSK9 Knockdown Relative to Baseline -60-40 Treatment Placebo 125 mg qwx4 250 mg q2wx2 qmx2 S^qMX2 qmx2 S^qMX2-20 0 20 40 60 80 100 0 1 2 3 4 5 Months qw, q2w, or qm S ^ =On stable dose of statin Two subjects excluded from all MD analyses: One placebo subject elected to discontinue; One subject in statin group was incarcerated on Day 14 15

Initial ALN-PCSsc Phase 1 Study Results MD PCSK9 Knockdown Relative to Baseline PCSK9 % KD MD Phase Dose Group Mean Max % KD (SEM) @ Max % KD Placebo 28.7 (5.70) 63.2 125 mg qwx4 82.3 (1.12) *** 85.7 250 mg q2wx2 80.9 (1.38) *** 84.6 qmx2 78.6 (3.08) *** 86.9 S^ qmx2 86.1 (1.19) *** 88.1 qmx2 81.3 (2.25) *** 86.4 S^ qmx2 88.0 (1.66) *** 94.4 Mean maximal knockdown compared via ANOVA @ Pairwise comparisons vs. Placebo examined via Tukey s tests under the ANOVA/ANCOVA models *, P < 0.05; **, P < 0.01; ***, P < 0.001 S^ = On stable dose of statin Two subjects excluded from all MD analyses: One placebo subject elected to discontinue; One subject in statin group was incarcerated on Day 14 16

Mean (SEM) % LDL-C Lowering (Change from Baseline) Initial ALN-PCSsc Phase 1 Study Results MD LDL-C Lowering Relative to Baseline 0 20 40 60 80 0 1 2 3 4 5 Month qw, q2w, or qm Treatment Placebo 125 mg qwx4 250 mg q2wx2 qmx2 S ^ qmx2 qmx2 S ^ qmx2 17 S ^ =On a stable dose of statins Two subjects excluded from all MD analyses: One placebo subject elected to discontinue; One subject in statin group was incarcerated on Day 14

Initial ALN-PCSsc Phase 1 Study Results MD LDL-C Lowering Relative to Baseline LDL-C % Reduction MD Phase Dose Group Mean Max % Reduction (+/- SEM) @ Max % Reduction Placebo 21.5 (3.26) 42.6 125 mg qwx4 51.2 (1.91) 59.6 250 mg q2wx2 60.4 (4.51) *** 70.3 qmx2 64.4 (5.41) *** 79.3 S^ qmx2 51.8 (10.11) 69.4 qmx2 55.2 (6.49) ** 69.3 S^ qmx2 59.6 (8.43) *** 83.0 Mean maximal knockdown compared via ANOVA @ Pairwise comparisons vs. Placebo examined via Tukey s tests under the ANOVA/ANCOVA models. *, P < 0.05; **, P < 0.01; ***, P < 0.001 S^ = On a stable dose of statin Two subjects excluded from all MD analyses: One placebo subject elected to discontinue; One subject in statin group was incarcerated on Day 14 18

Summary and Next Steps ALN-PCSsc is promising first-in-class PCSK9 synthesis inhibitor Generally well tolerated No SAEs and no discontinuations due to AEs All AEs mild or moderate in severity Similar LDL-C reduction to published data reported for anti-pcsk9 Mabs* in subjects with and without statin co-medication Single subcutaneous injection of ALN-PCSsc resulted in up to 86% maximal PCSK9 knockdown and up to 78% maximal reduction LDL-C lowering, with up to mean maximal LDL-C reduction of 58% Two monthly doses of ALN-PCSsc resulted in up to 94% maximal knockdown of PCSK9 and up to 83% maximal reduction of LDL-C, with up to mean maximal LDL-C reduction of 64% Similar effects with or without concomitant statin Durability supports once-quarterly and possibly bi-annual, low volume SC dose regimen Knockdown of PCSK9 and lowering of LDL-C for over 4 months after single SC dose LDL-C significantly (P<0.001) reduced by mean 44% at day 140 after single dose Lowest maximal effect dose of administered in 1.5 ml volume Results support continued development of ALN-PCSsc in ORION Development Program Phase 2 study expected to start by YE-2015 19 * Zhang XL., et al., BMC Med., 2015