Phase 3 investigation of lucerastat for patients with Fabry disease. Investor Webcast May 2018

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Phase 3 investigation of lucerastat for patients with Fabry disease Investor Webcast May 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

Phase 3 investigation of lucerastat for patients with Fabry disease Guy Braunstein Head of Global Clinical Development 5

Fabry disease Mechanism: Reduced/absent α-galactosidase A over years or decades results in accumulation of Gb3 in lysosomes of many tissues Ceramide GlcCer synthase A genetic X-linked disorder Synthesis Degradation Gb1 Gb2 Gb3 Signs and symptoms of Fabry disease α-galactosidase A (α-gala) Accumulation of Gb3 in cells Inflammation and fibrosis 6

Fabry disease Mechanism: Reduced/absent α-galactosidase A over years or decades results in accumulation of Gb3 in lysosomes of many tissues Gb3 Gb3 Fabry α-gala cis-golgi LacCer Gangliosides LacCer GlcCer GlcCer UGCG (GCS) GBA1 De novo synthesis Cer GalCer GalCer Cer Serine + Palmytoyl- CoA Sph Salvage pathway Sph ASAH1 S1P SGPL1 Exit point only Glycerolipids Late endosome + lysosome 7

Inheritance pattern in Fabry disease X-linked recessive genetic disease GLA gene mutation results in defective lysosomal enzyme α-gala In turn, this results in Gb3 accumulation Random X-inactivation in Fabry female carriers : both genders affected Male have generally classical phenotype Females have higher residual level enzyme and are affected later progress slower have more variable phenotype 8

Clinical manifestations of Fabry disease Large spectrum of clinical, heterogeneous manifestations Gradually progressing in severity from childhood to adulthood Major impact on quality of life Slow progressive damage to vital organs over decades Earlier death Kidneys Cysts, reduced kidney function, progressive kidney failure Skin Dark red spots or rashes, burning / tingling sensations, sensitivity to temperature and profuse sweating Neuropathic pain Pain resulting from damage to or dysfunction of the nervous system Fabry disease Eyes The appearance of the eyes changes Ears Tinnitus, hearing loss, and vertigo Digestive Tract Abdominal pain, constipation, diarrhea, and nausea Brain Strokes (in severe cases), and dizziness Heart Cardiomyopathy with arrhythmia, valvular dysfunction, ischemia, left heart failure 9

Diagnosis of Fabry disease Clinical symptoms Neuropathic pain, GI, hearing loss, hypohydrosis Clinical events Stroke, cardiac and renal events Pedigree analysis Family members Children Parents Enzyme assay Leukocyte α-gala Genotyping >830 mutations Biomarkers Gb3 in plasma and urine 10

Epidemiology of Fabry disease Estimated prevalence of diagnosed Fabry disease in general population (2001): 1.4 per 100 000 (1.0 in males and 1.9 in females) Incidence (males): 0.01 to 0.03 per 100 000 per year; incidence (females): up to 0.05 per 100 000 Patients diagnosed with Fabry disease in EU28 and US in 2014: Age group Total Male Female EU-28 All 7,324 2,509 4,815 <18 years 659 279 380 <10 years 268 75 193 US All 4,607 1,578 3,029 <18 years 414 175 239 <10 years 168 47 121 11

Current therapies in Fabry disease No curative therapy Symptomatic treatments not satisfactory Etiological therapies limited Enzyme replacement therapy: Fabrazyme (agalsidase beta) (US and EU) Replagal (agalsidase alfa) (EU only) i.v. infusion, bi-weekly Immunogenicity Partial efficacy Chaperone therapy Galafold (migalastat) (EU only) Galafold for patients with amenable mutation 1 capsule orally, fasted, every other day 12

Lucerastat key attributes Low molecular weight iminosugar Inhibitor of glucosylceramide synthase OH Oral administration HO OH Highly soluble with complete absorption Access to most tissues, including peripheral & central nervous system Renal excretion of unchanged drug Orphan drug status granted in the US and EU N CH 3 OH Lucerastat is investigational, in development and not approved or marketed in any country. 13

Lucerastat Mode of action: substrate reduction therapy Gb3 Gb3 Fabry α-gala cis-golgi LacCer Gangliosides LacCer GlcCer GlcCer UGCG (GCS) T Lucerastat GBA1 De novo synthesis Cer GalCer GalCer Cer Serine + Palmytoyl- CoA Sph Salvage pathway Sph ASAH1 Lucerastat is investigational, in development and not approved or marketed in any country. S1P SGPL1 Exit point only Glycerolipids Late endosome + lysosome 14

Lucerastat in Fabry disease Clinical development plan Clinical pharmacology studies SAD and MAD studies Renal impairment study tqt study Exploratory study Safety and proof of mechanism study Patient survey Confirmatory study MODIFY Pediatric study Plan agreed with EMA Study to run in parallel to MODIFY Potential beyond initial plan Lucerastat is investigational, in development and not approved or marketed in any country. 15

Lucerastat clinical pharmacology Half-life: approximately 6 hours twice daily dosing Dose-proportional exposure >85% of the dose excreted unchanged in urine Negligible food effect Low potential for drug-drug interaction Dose adjustment required in subjects with renal function impairment egfr (ml/min/1.73 m 2 ) 60 45 and < 60 30 and < 45 15 and < 30 Dosing regimen 1000 mg b.i.d. 750 mg b.i.d. 500 mg b.i.d. 250 mg b.i.d. Guérard et al. (2017) Orphanet J Rare Dis Guérard et al. (2017) J Clin Pharmacol Guérardet al. (2018) Clin Pharmacol Ther Lucerastat is investigational, in development and not approved or marketed in any country. 16

Exploratory study design Prospective, single-center, open-label, randomized, study in 14 male/female adult patients with Fabry disease receiving enzyme replacement therapy (ERT) 10 patients with Fabry disease received lucerastat on top of ERT 4 patients with Fabry disease on ERT Screening Treatment & Observation Follow-up D-28 / D-3 (-10) D1 Month 1 Month 2 Month 3 Admission / Randomization Monthly Visit Monthly Visit EoS + 2 Days Phone Call (1) + 30 Days Phone Call (1) for patients receiving lucerastat Lucerastat is investigational, in development and not approved or marketed in any country. 17

Exploratory study objectives Primary objective: To assess the safety and tolerability of lucerastat 1000 mg b.i.d. for 12 weeks Secondary objectives: To investigate the effect of lucerastat on plasma biomarker levels following a 12-week treatment To assess the effect of lucerastat on renal and cardiac function To determine the 12-hour pharmacokinetic profile of lucerastat at steady state To identify metabolites in plasma Lucerastat is investigational, in development and not approved or marketed in any country. 18

Exploratory study patient demographics Lucerastat group: 6 females, 4 males Mean age (SD): 47.7 (15.0), range from 18 to 67 Mean ERT duration in years (SD): 4.5 (2.6) Control group: 4 males Mean age (SD): 39.8 (19.1), range from 21 to 62 Mean ERT duration in years (SD): 6.3 (4.2) Medical history: All patients had comorbidities, most of them manifestations of Fabry disease None of these affected eligibility for the study Overall balanced between groups Lucerastat is investigational, in development and not approved or marketed in any country. 19

Exploratory study safety results Lucerastat was safe and well tolerated in patients with Fabry disease over 12 weeks on top of ERT One Serious Adverse Event, unrelated to lucerastat: Re-occurrence of atrial fibrillation in a patient with underlying hypertrophic cardiomyopathy No specific pattern in the nature and distribution of Treatment-Emergent Adverse Events No trends for changes from baseline in: Vital signs, body weight, ECG recordings, clinical laboratory parameters Lucerastat is investigational, in development and not approved or marketed in any country. 20

Exploratory study biomarker results Biomarker reduction Mean % (SD) biomarker reduction from baseline at week 12 Biomarker Lucerastat group Control group Plasma Gb3 40 Plasma Gb3-55.0% (10.5) -6.9% (12.6) Urine Gb3-52.5% (21.2) -8.6% (54.4) GlcCer -49.0% (16.5) -6.5% (9.7) LacCer -32.7% (13.0) -3.9% (2.8) (% change from Baseline) 20 0-20 -40-60 -80 D ay 1 M onth 1 M onth 2 M onth 3 V isit Control (n=4) Lucerastat (n=9) Lucerastat is investigational, in development and not approved or marketed in any country. 21

Exploratory study conclusions Lucerastat was safe and well tolerated in patients with Fabry disease over 12 weeks on top of ERT Pharmacokinetic findings consistent with previous studies in healthy subjects Proof of mechanism achieved with lucerastat: Lucerastat significantly reduced Fabry disease-elevated Gb3 and other relevant biomarkers Lucerastat is investigational, in development and not approved or marketed in any country. 22

Fabry patients survey Goals 1) Better understand patients disease and needs from the patient perspective 2) Investigate key aspects of the Phase 3 study MODIFY with respect to symptoms: neuropathic pain and gastrointestinal symptoms 3) Complement existing information/data from the literature In addition, collect information on: Use of enzyme replacement therapy (ERT) Impact on daily life Participation in clinical trials 23

Fabry patients survey Key results 51.5% (189/367) of the patients report frequent pain AND moderate/severe pain Frequent pain Moderate to severe pain 50% of the patients report all three 74.7% (274/367) of the patients report pain in hands & feet AND moderate/severe pain Pain in hands and feet Fabry patients experience significant Neuropathic Pain Combining intensity, frequency & location GI symptoms are heterogeneous in nature and frequency Large impact of neuropathic pain on quality of life Large majority of patients are willing to participate in a clinical trial N=367 52.0% (191/367) of the patients report frequent pain AND pain in hands & feet 24

Designing the confirmatory study Informed design based on patients survey Development of endpoint measurement neuropathic pain, based on Brief Pain Inventory instrument, modified for Fabry s neuropathic pain according to FDA guidelines for PRO Concept elicitation Cognitive debrief Usability testing in different languages Development and validation of electronic tool to collect pain and gastro-intestinal daily data Input from patient organization and from specialists Input from regulatory agencies including FDA, and in Europe through scientific advice and the VHP procedure Lucerastat is investigational, in development and not approved or marketed in any country. 25

MODIFY: A multicenter, double-blind, randomized, placebo controlled, parallel-group study to determine the efficacy and safety of lucerastat oral monotherapy in adult patients with Fabry disease Lucerastat is investigational, in development and not approved or marketed in any country. 26

MODIFY: Objectives Primary objective To determine the effect of lucerastat on neuropathic pain in patients with Fabry disease Secondary objectives To determine the effect of lucerastat on gastro-intestinal symptoms (abdominal pain and diarrhea) in patients with Fabry disease and GI symptom(s) at baseline To confirm the effect of lucerastat on biomarkers of Fabry disease To determine the safety and tolerability of lucerastat in patients with Fabry disease Lucerastat is investigational, in development and not approved or marketed in any country. 27

MODIFY: Design Randomization 2:1 (N=108) Primary/secondary efficacy endpoints Lucerastat (n=72) Screening Placebo (n=36) Open, uncontrolled, Extension 6-7 weeks 6 months Site visits: Screening, Randomization, Months 1, 2 (phone), 3, 4 (phone), 5, 6 + 2 FU visits (phone) Stratification by: Sex ERT use (on ERT at screening vs never treated/previously treated) Lucerastat dose: 1000 mg b.i.d. Adjusted in subjects with moderate renal failure Lucerastat is investigational, in development and not approved or marketed in any country. 28

MODIFY: Patient population Confirmed Fabry disease presence of at least 1 mutation in GLA (the gene coding for α-galactosidase A) as measured with genetic test Neuropathic pain in the last 3 months preceding the screening period Three options for ERT status at baseline Switched patients Pseudo-naïve patients Naïve patients Last ERT ERT bi-weekly for at least 12 months (stable dose regimen during the last 3 months) Last ERT ERT bi-weekly No ERT in at least the last 6 months Never treated with ERT Week 1 Screening period (diary card) No ERT Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Randomization No ERT Placebo Lucerastat Lucerastat is investigational, in development and not approved or marketed in any country. 29

MODIFY: Endpoints Primary efficacy endpoint: The primary efficacy endpoint is a response to study treatment on neuropathic pain, defined as a reduction from baseline to Month 6 of at least 30% in the modified BPI-SF3 score of neuropathic pain at its worst in the last 24 hours. Secondary efficacy endpoints: Change from baseline to Month 6 in the average daily 11-point Numerical Rating Scale (NRS-11) score of abdominal pain at its worst in the last 24 hours in subjects with GI symptoms at baseline. Change from baseline to Month 6 in the number of days with at least one stool of a Bristol Stool Scale (BSS) consistency Type 6 or 7 in subjects with GI symptoms at baseline; Change from baseline to Month 6 in plasma globotriaosylceramide (Gb3). Lucerastat is investigational, in development and not approved or marketed in any country. 30

Summary Fabry disease is a rare genetic disorder with limited therapeutic options and a high medical need Lucerastat is a small molecule, oral monotherapy with the potential as a new treatment approach for patients with Fabry disease, irrespective of their genetic mutation type Proof of mechanism achieved in exploratory study where lucerastat was well-tolerated Lucerastat has orphan drug status in US and EU Phase 3 study to assess effects of lucerastat on neuropathic pain and safety and tolerability ongoing Pediatric study planned to run in parallel Fabry disease Compound: Lucerastat Mechanism of action: Glucosylceramide synthase inhibition Status: Phase 3 Lucerastat is investigational, in development and not approved or marketed in any country. 31

The sensations that I get it feels like my hands are on fire. It feels like there s a thousand needles poking at my hands and feet If I was to get out of bed and I was to walk, it would feel like I m walking on hot coals with needles jabbing into my feet. - Patient 32