Paula Clemens NS-065/NCNP-01 Study Chair

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A Phase II, Dose Finding Study to Assess the Safety, Tolerability, Pharmacokinetics, and Pharmacodynamics of NS-065/NCNP-01 in Boys with Duchenne Muscular Dystrophy (DMD) Paula Clemens NS-065/NCNP-01 Study Chair New Directions in Biology and Disease of 1 Skeletal Muscle Conference, New Orleans, LA June 27 th, 2018

Disclosure and Disclaimer National Center of Neurology and Psychiatry and Nippon Shinyaku Co., Ltd are co-inventors of NS-065/NCNP-01 Grant/Research Support: NIH, Department of Defense, MDA, Sanofi/Genzyme, Amicus, NS Pharma Advisory Boards/DSMB/Consultant: DSMB member for NIH and Pfizer. Pompe Disease Board of Advisors member for Sanofi/Genzyme. Consultant to Spark Therapeutics and UCB Biopharma 2

Introduction Approximately 8% of patients with DMD have an out-of-frame deletion amenable to exon 53 skipping In these patients, skipping exon 53 is predicted to restore the reading frame permitting translation of an internally deleted, partially functional dystrophin protein The goal of exon skipping is to convert the severe DMD phenotype to a milder Becker-like phenotype 3

NS-065/NCNP-01 Antisense oligonucleotide with a novel morpholino backbone and molecule size Originated in Nippon Shinyaku jointly with National Center of Neurology and Psychiatry (NCNP) Exon 53 skipping agent (Mechanism of Action) IV infusion, once weekly 4

Normal Mechanism of Action Dystrophin mrna 51 52 53 54 DMD 51 52 53 54 Out of frame Normal Abnormal DMD + NS-065 51 54 Exon 53 skipping Partly functional protein 5

Study Objectives Primary Safety and tolerability of NS-065/NCNP-01 Pharmacokinetics Muscle dystrophin expression by Western blot Secondary Exon skipping by RT-PCR Muscle dystrophin expression by immunohistochemistry Muscle strength and function 6

Study Design 1 st Muscle biopsy 2 nd Muscle biopsy Screening Randomization NS-065/NCNP-01 40 or 80 mg/kg N=6 Placebo N=2 NS-065/NCNP-01 40 or 80 mg/kg N=8 Patient Choice Continue current dose in extension 30-day Follow-up Day -21 Day 1 Period 1 (4 wks) Week 5 Period 2 (20 wks) Week 24 Extension (72 wks) All patients received NS-065/NCNP-01 40 or 80 mg/kg Muscle biopsy prior to treatment and after 24 weeks treatment First participant, first visit Dec 2016 Last participant, last visit Mar 2018 7

Study Sites and Study Population North American Study Sites Study Population Alberta Children s Hospital Calgary Confirmed diagnosis of DMD with dystrophin mutation amenable to exon 53 skipping 4 - <10 years of age UC Davis Sacramento Lurie Children s Hospital Chicago Washington University St. Louis Children s Hospital Richmond Duke University Durham Ambulatory Stable treatment with glucocorticoid therapy University of Florida Gainesville ClinicalTrials.gov Identifier: NCT02740972 8

Demographics Parameter 40 mg/kg n=8 80 mg/kg n=8 Total n=16 Mean age, years (range) 7.5 (4.3 9.8) 7.2 (4.8 9.8) 7.36 (4.3 9.8) Mean weight, kg (range) 23.7 (14.9 30.4) 22.3 (15.5 35.4) 23.0 (14.9 35.4) Steroid treatment, n (%) Deflazacort Prednisolone Deletion type, n (%) 45-52 47-52 48-52 49-52 50-52 52 6 (75%) 2 (25%) 2 (25%) 1 (13%) 1 (13%) 2 (25%) 2 (25%) 0 6 (75%) 2 (25%) 5 (63%) 0 2 (25%) 1 (13%) 0 0 12 (75%) 4 (25%) 7 (44%) 1 (6%) 3 (19%) 3 (19%) 2 (13%) 0 9

Safety Data Treatment-Emergent Adverse Events by Preferred Term (occurring in 2) Adverse events (MedDRA/J ver.20.1) 40 mg/kg N=8 (%) 80 mg/kg N=8 (%) Total N=16 (%) Cough 4 (50.0) 5 (62.5) 9 (56.3) Nasopharyngitis 2 (25.0) 4 (50.0) 6 (37.5) Vomiting 2 (25.0) 2 (25.0) 4 (25.0) Diarrhea 2 (25.0) 1 (12.5) 3 (18.8) Pyrexia 2 (25.0) 1 (12.5) 3 (18.8) Rash 2 (25.0) 1 (12.5) 3 (18.8) Arthropod bite 2 (25.0) 0 2 (12.5) Contusion 0 2 (25.0) 2 (12.5) Nasal congestion 2 (25.0) 0 2 (12.5) Respiratory tract congestion 1 (12.5) 1 (12.5) 2 (12.5) Number (%) of patients, as of Apr 25 th 2018 One serious adverse event (Left tibia/fibular fracture) observed was not treatment-related. No AEs leading to discontinuation and no drug-related AEs All AEs were mild or moderate 10

Plasma concentration (10 3 ng/ml) Pharmacokinetic Data 300000 250000 200000 150000 100000 80mg/kg Day1(n=5) 80mg/kg Week24 (n=8) 40mg/kg Day1 (n=6) 40mg/kg Week24 (n=8) 50000 0 0 1 2 3 4 5 6 7 8 9 10 20 22 24 Time after administration (hr) Average C max (ng/ml) AUC 0-t (ng hr/ml) t 1/2 (hr) 40mg/kg Week24 122,000 196,000 2.38 80mg/kg Week24 228,000 386,000 2.82 11

Pt 11 Week 24 Pt 11 Baseline Pt 7 Week 24 Pt 14 Baseline Pt 7 Baseline Pt 14 Week 24 Sample of Western Blot Data Normalized to both alpha actinin and myosin heavy chain Standard curve: mixture of muscle extract from 5 healthy controls diluted with DMD muscle extract Dystrophin Alpha-Actinin Myosin heavy chain (Coomassie blue stained) 12

Normalization Factor Normalization Factor Normalization Factor Sample of Dystrophin with Normalization Triplicate runs with stringent acceptance criteria Standard curve fit to first polynomial Blinded assays D % dystrophin 25 10 3 1 0 % dystrophin 25 10 3 1 0 % dystrophin 25 10 3 1 0 M 1.20 1.00 0.80 0.60 0.40 0.20 0.00-0.20 y = 2.4296x 2 + 3.4875x - 0.0222 R² = 0.9981 0% 5% 10% 15% 20% 25% % Dystrophin 1.20 1.00 0.80 0.60 0.40 0.20 y = 6.1013x 2 + 2.4371x + 0.0086 R² = 0.9995 0.00 0% 5% 10% 15% 20% 25% % Dystrophin 1.20 1.00 0.80 0.60 0.40 0.20 0.00-0.20 y = 4.2149x 2 + 3.0073x - 0.0143 R² = 0.9993 0% 5% 10% 15% 20% 25% % Dystrophin Gel 1 Gel 2 Gel 3 13

Increase of dystrophin protein from baseline (% of normal) Dystrophin protein: Western blot Dose Baseline Mean % (range) On-treatment Mean % (range) 40 mg/kg 0.3 (0.1-0.4) 5.7 (3.2-10.3) 80 mg/kg 0.6 (0.1-2.6) 5.9 (1.1-14.4) 15 10 5 0 40 mg/kg 80 mg/kg n=8 n=8 14

Sample of RT-PCR Data Un-Skipped Skipped Pt 5 WK24 Pt 3 Baseline Pt 5 Baseline Pt 3 WK24 Un-Skipped Skipped Pt 16 Baseline Pt 16 WK24 Pt 15 Baseline Pt 15 WK24 15

Dystrophin Production Analysis RT-PCR and Western Blot Method Dose Baseline Mean % (SD) % exon skipped molality (RT-PCR) % dystrophin (Western blot) On-treatment Mean % (SD) 40 mg/kg 0.0 (0.0) 17.4 (7.2) 80 mg/kg 0.0 (0.0) 43.9 (16.7) 40 mg/kg 0.3 (0.1) 5.7 (2.4) 80 mg/kg 0.6 (0.8) 5.9 (4.5) RT-PCR shows clear dose-response 2-fold increase in drug = 2-fold increase in skipped mrna 16

Immunohistochemistry Representative images Pre - treatment Post - treatment Scale = 100 µm Laminin-α2 Dystrophin Merge 300μm 300μm 17

Summary Demonstration of exon skipping showing target engagement of the morpholino intervention with the dystrophin pre-mrna Restoration of truncated dystrophin in patient muscle following 20-24 weeks of weekly infusions No safety signals to date Stable pharmacokinetics Analysis of clinical end-points planned for Fall 2018 18

Acknowledgements Site Investigators Vamshi Rao, Lurie Children s Hospital, Chicago, IL Anne Connolly, Washington University, St. Louis, MO Amy Harper, Children s Hospital of Richmond, Richmond, VA Jean Mah, Alberta Children s Hospital, Calgary, Alberta, Canada Edward Smith, Duke Children s Hospital, Durham, NC Craig McDonald, University of California, Davis, Sacramento, CA Barry Byrne, University of Florida, Gainesville, FL AGADA Biosciences Eric Hoffman TRiNDS Lauren Morgenroth, Sara Misplay Sponsor: NS Pharma, Inc. Hironori Osaki, Youhei Satou, Taishi Yamashita 19