Emerging CMV Resistance Profile for CMX001

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Emerging CMV Resistance Profile for CMX001 International Conference on Antiviral Research May 15, 2013 Randall Lanier, PhD

Forward Looking Statements These slides and the accompanying oral presentation contain forward looking statements and information. The use of words such as may, might, will, should, expect, plan, anticipate, believe, estimate, project, intend, future, potential, or continue, and other similar expressions are intended to identify forward looking statements. All of these forward lookingstatementsarebasedonestimatesandassumptions by our management that, although we believe to be reasonable, are inherently uncertain. Forward looking statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, industry, strategy or actual results to differ materially from the forward looking statements. These statements are also subject to a number of material risks and uncertainties that are described more fully in our filings with the Securities and Exchange Commission, including without limitation our Registration Statement on Form S 1 that was originally filed with the Securities and Exchange Commission on March 8, 2013, and the amendments thereto. Any forward looking statement speaks only as of its date. We undertake no obligation to publicly update or revise any forward looking statement, whether as a result of new information, future events or otherwise, except as required by law. 2

Disclosures Data being presented in the slides that follow were funded in part with Federal funds from the Biomedical Advanced Research and Development Authority, Office of the Assistant Secretary for Preparedness and Response, Office of the Secretary, Department of Health and Human Services, under Contract No. HHSO0100201100013C.

CMX001: Novel, Broad Spectrum Antiviral Active against all herpesviruses and other dsdna viruses Oral delivery No evidence of kidney or bone marrow toxicity Long intracellular half life allows twice weekly dosing Enhanced Intracellular Drug Uptake c Inactive Acyclic Nucleoside Phosphonate * Active Antiviral (CDV PP) 4

CMX001 Development Program Advancing in 3 Indications Cytomegalovirus (CMV): Prevention in Hematopoietic Stem Cell Transplant (HSCT) Recipients Initiating Phase 3 trial SUPPRESS in adult subjects post HSCT Safety and tolerability in >800 subjects Combination of safety profile (no evidence of kidney or hematologic toxicity) and broad spectrum antiviral activity may enable universal prophylaxis Adenovirus (AdV): Preemptive Therapy in Pediatric and Adult HSCT Recipients Completed enrollment in Phase 2 trial; data available in 2H 2013 Smallpox: Medical Countermeasure for Treatment Development program based on animal efficacy and human safety 5

CMX001 Potently Inhibits CMV In Vitro (HFF Cells) CMV Genotype CMX001 EC 50 (µm) Ganciclovir EC 50 (µm) Cidofovir EC 50 (µm) AD169 C8805 1117 GDG P53 [Wild type] [UL97 M460V] [UL54 K513N] [UL54 A987G] 0.001 0.001 0.003 0.02 3.8 47 40 43 0.4 0.8 0.4 16 HFF = human foreskin fibroblast Source: Williams Aziz et al. AAC 2005;49(9):3724 33. 6

Higher Antiviral Levels Inside Cells with CMX001 vs. Cidofovir CDV PP formed from 1 µm CDV or CMX001 in HFF cells after 72 hours in culture CDV PP in pmoles/million cells 100 80 60 40 20 0 Cidofovir >600x higher CDV PP with CMX001 0.13 CDV PP = cidofovir diphosphate; HFF = human foreskin fibroblast Source: Chimerix data. 88 CMX001 7

CMX001 Primary CMV Mutation in UL54 Selected In Vitro: Impaired Replication, Retained Sensitivity to GCV and FOS Wild type CMV (AD169) propagated in HFFs with CMX001 for 10 months to generate a CMX001 resistant strain (CMX001 R ) CMX001 R : No mutations in UL97 One mutation in CMV polymerase UL54 D542E Recombinant >10 fold increase in EC 50 to CDV and CMX001 Sensitive to GCV and FOS Small plaque phenotype and slow replication See Prichard et al. Abstract #182 for details GCV = ganciclovir; FOS = foscarnet; HFF = human foreskin fibroblast Source: James et al. AAC published ahead of print 6 May 2013 8

CMX001 201: Evidence of CMV Prevention in Phase 2 Patient population: 230 allogeneic hematopoietic stem cell transplant recipients Recipient seropositive for CMV (R+) with or without CMV viremia prior to dosing Study 201 design: Dose escalation: 40 100 200 mg doses of CMX001 evaluated Once weekly (QW) and twice weekly (BIW) dosing schedules 9 11 weeks dosing from engraftment through ~Day 100 post HSCT Primary endpoint: Failure of CMV prevention CMV disease, OR CMV DNA (PCR) > 200 copies/ml at end of treatment 9

Twice weekly CMX001 Dosing Decreased CMV Events Proportion of Patients Without DNAemia 1.0 0.9 0.8 0.7 0.6 0.5 CMX001 Dose 0.4 10 20 30 40 50 60 70 80 90 100 110 120 Days After Transplantation 100 mg BIW dosing better than 200 mg QW QW dosing appears to provide suboptimal drug pressure 40 mg QW dose ineffective Source: Data from Study 201 presented at BMT Tandem, February 2012. 10

Study 201: CMX001 Suppressed CMV Reactivation Placebo Placebo Placebo N = 47 15/47 1,000 c/ml 2,000 1,500 CMV PCR 1,000 copies/ml * 500 0 0 1 2 3 4 5 6 7 8 9 10 11 Study Week CMX001 100 mg 100 BIWmg BIW N = 41 0/41 1,000 c/ml 9/41 CMV PCR+ CMV PCR copies/ml 2,000 1,500 1,000 500 CMX001 100 mg BIW * 0 0 1 2 3 4 5 6 7 8 9 10 11 Study Week *Represents clinically relevant threshold. Subjects CMV negative at Baseline. Source: Data from Study 201 presented at BMT Tandem, February 2012. 11

No Resistance Associated Mutations (RAMs) Detected in Study 201 All patients with >200 c/ml of CMV DNA in plasma at any time on study had samples submitted for UL54 and UL97 genotyping (Viracor IBT) UL97 Kinase: No RAMs detected UL54 Polymerase: R1052C detected in 3 subjects (at baseline in one case) R1052C in combination with V781I, N885T, S897L, and A1122T previously associated with CDV resistance in a clinical isolate from a GCV/FOS treated patient (Smith 1997 JID 176:69 77) D542E was not detected 12

Recombinant Phenotyping of R1052C Demonstrated Sensitivity to Both CDV and CMX001 1 Clone UL54 R1052C (+ A885T, S897L variation in clinical samples) in plasmid Use to mutagenize wt CMV BAC clone (AD169 strain with SEAP reporter) Transfect BAC into HFF cultures to recover live recombinant (mutant) CMV SEAP yield reduction assays to determine EC50 for wt and recombinant CMV Wild Type Control Recombinant [R1052C, A885T, S897L] EC50 (nm) CMX001 SD N Fold Change EC50 (nm) Cidofovir SD N Fold Change 0.22 0.09 8 220 60 10 0.17 0.07 8 0.8 260 60 19 1.2 1 Chou, personal communication 13

Conclusions Primary resistance profile: resistance to first line CMX001 slow to emerge in vitro and in treatment naïve patients Primary CMX001 resistance in vitro associated with maintained sensitivity to GCV and FOS and decreased viral replication No mutations associated with phenotypic resistance to CMV antivirals emerged in Study 201 Cross resistance profile: UL54 mutations associated with other CMV antivirals (GCV, CDV) can cause cross resistance to CMX001 in vitro and diminish virologic response in CMV therapy experienced patients UL54 mutations may confer resistance in previously treated patients UL97 mutations do not confer resistance due to inherent phosphonate in CMX001 GCV = ganciclovir; FOS = foscarnet 14

CMV DNA Polymerase (UL54) Mutations/Associated Phenotypes 1052 Source: Modified from Lurain and Chou Clin. Micro. Rev. 2010: 689 712 15

CMX001 Expanded Access Protocol: Study 350 (n=210) Part of CMX001 Expanded Access Program to treat life threatening dsdna viral infections in patients who had exhausted all available therapies or for whom there were no therapeutic options available Baseline Demographics N = 210 68 pediatric, 142 adult CMX001 Exposure Mean 9.5 weeks (1 43 weeks) 68% > 4 weeks 30% > 12 weeks Immunodeficiency 153 HSCT (73%) 33 SOT (16%) Congenital, HIV, other (11%) dsdna Viral Infection(s) 28% had two or more viral infections Breakdown by virus: 107 CMV 61 AdV 7 BKV 35 Other Genotyping for CMV UL54 and UL97 attempted for all patients with >500 c/ml Majority of UL54 mutations observed confer GCV/CDV resistance GCV = ganciclovir; FOS = foscarnet 16

Plasma CMV Response for Patients in Study 350 by Baseline CMV Genotype at Last Time on Therapy % with 0.5 log10 response or maximum response % 200c/mL Percent of Patients Responding 70 60 50 40 30 20 10 0 Wildtype (n=53) UL97 (n=24) UL54 (n=4) 17

UL54 Mutations Associated with Diminished Response CMV Therapy (GCV, FOS, CDV) Experienced Population UL54 Mutation [1] (n=14) No UL54 Mutation (n=49) No GT Obtainable (n=7) Mean Baseline Viral Load (c/ml) 10,965 5,495 457 Mean log 10 Change (Baseline to Week 5) 0.77 0.64 0.51 Proportion 200 c/ml at Week 5 0/14 (0%) 15/49 (31%)* [2] 6/7 (86%) Mean log 10 Change (Baseline to Last Value) 0.43 0.81 0.67 Proportion 200 c/ml at Last Value 0/14 (0%) 26/49 (53%)* [2] 7/7 (100%) [1] Observed at Baseline or post Baseline (408K, 412L, 513N, K513R & P522S, 522S, 545S, 578H, 987G) [2] p value <0.05 using Fisher s exact test (two sided) vs. UL54 mutation group 18

Conclusions Primary resistance profile: resistance to first line CMX001 slow to emerge in vitro and in treatment naïve patients Primary CMX001 resistance in vitro associated with maintained sensitivity to GCV and FOS and decreased viral replication No mutations associated with phenotypic resistance to CMV antivirals emerged in Study 201 Cross resistance profile: UL54 mutations associated with other CMV antivirals (GCV, CDV) can cause cross resistance to CMX001 in vitro and diminish virologic response in CMV therapy experienced patients UL54 mutations may confer resistance in previously treated patients UL97 mutations do not confer resistance due to inherent phosphonate in CMX001 GCV = ganciclovir; FOS = foscarnet 19

Acknowledgements Chimerix, Inc. Scott Foster Tom Brundage Susan Godkin Donella Colville Maggie Anderson Herve Mommeja Marin Michelle Berrey Collaborators Karl Hostetler University of California, San Diego Steve Kleiboeker Viracor IBT Sunwen Chou Oregon Health and Science University Mark Prichard University of Alabama, Birmingham 20