C1, An Ultra-High Yielding, Game Changing Gene Expression Platform
Dyadic (non- c onf) BD Ove r vie w
F e brua ry, 2018
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C1, An Ultra-High Yielding, Game Changing Gene Expression Platform Dyadic (non- c onf) BD Ove r vie w F e brua ry, 2018 Safe Harbor Regarding Forward-Looking Statements Ce rta in sta te me nts c o nta ine d in this pre se nta tio n a re fo
F e brua ry, 2018
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Ce rta in sta te me nts c o nta ine d in this pre se nta tio n a re fo rwa rd-lo o king sta te me nts within the me a ning
the fe de ra l se c uritie s la ws. T he se fo rwa rd-lo o king sta te me nts invo lve risks, unc e rta intie s a nd o the r fa c to rs tha t c o uld c a use Dya dic ’ s a c tua l re sults, pe rfo rma nc e o r a c hie ve me nts to b e ma te ria lly diffe re nt fro m a ny future re sults, pe rfo rma nc e o r a c hie ve me nts e xpre sse d o r implie d b y suc h fo rwa rd-lo o king sta te me nts. Any fo rwa rd-lo o king sta te me nts spe a k o nly a s o f the da te o f this pre se nta tio n a nd, e xc e pt a s re q uire d b y la w, Dya dic e xpre ssly disc la ims a ny inte nt o r o b lig a tio n to upda te o r re vise a ny fo rwa rd-lo o king sta te me nts to re fle c t a c tua l re sults, a ny c ha ng e s in e xpe c ta tio ns o r a ny c ha ng e in e ve nts. F a c to rs tha t c o uld c a use re sults to diffe r ma te ria lly a re disc usse d in Dya dic ’ s pub lic ly a va ila b le filing s, inc luding info rma tio n se t fo rth unde r the c a ptio n “Risk F a c to rs” in o ur De c e mb e r 31, 2016 Annua l Re po rt file d with OT C Ma rke ts o n Ma rc h 24, 2017. Ne w risks a nd unc e rta intie s a rise fro m time to time , a nd it is impo ssib le fo rus to pre dic t the se e ve nts o r ho w the y ma y a ffe c t us.
T itle and Safe Har bor Re gar ding F
war d- L
1 T able of Conte nts 3 Dyadic Ove r vie w 4 C1 Comme r c ially Suc c e ssful in Industr ial Biote c h 7 C1 T e c hnology Platfor m - Whe r e to Play and How to Win 8 Biophar ma Industr y and Soc ie ty Challe nge s 11 C1 Pr
15 C1 F
Biologic s 17 C1 T e c hnology Combat E me r ging Dise ase s and T hr e ats 22 Advantage s of using C1 for the De ve lopme nt & Pr
25 Summar y 28
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4 1979 F OUNDE D 20+ YE ARS E XPE RIE NCE IN PHARMA / F UNGAL GE NE E XPRE SSION PL AT F ORMS HQ: Jupite r, F
L
BD&L : L
BD&L : Bud a pe st R&D: Spa in R&D: F
inla nd
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fo r use in the De ve lo pme nt a nd Pro duc tio n o f Bio lo g ic s No ve l e ng ine e re d c e ll line (Myc e lio ptho ra the rmo phila )
De c re a se d De ve lo pme nt T ime L
I mpro ve d Bio lo g ic Pe rfo rma nc e Sig nific a ntCa pE x Sa ving s
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Hype r Pro duc tive E nzyme E xpre ssio n
Sc a le Pro duc tio n
Ce rtifie d
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F
O
Vic e Pre side nt, R&D
Comme rc ia l Offic e r
Vic e Pre side nt, CF O
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De a l with DuPont for Dya dic ’s Industr ia l T e c hnolog y Busine ss
C1 Re late d L ic e nse De als, Mile stone s & E quity
e Buyba c k Comple te d 2/ 2017
e Buyba c k Initia te d 8/ 2017
F ully F unde d to E xe c ute Busine ss Plan
Cash & Inve stme nt Gr ade Se c ur itie s (1)
De bt
Ma rke t Ca p
OT C Mar ke ts Stoc k E xc hange (OT CQX: DYAI)
Common Shar e s Outstanding (1)
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E XPE R IE NCE
ye a rs a nd he ld le a de rship ro le s within b io pro c e ss de ve lo pme nt a nd c linic a l ma nufa c turing a nd is wide ly re c o g nize d a s a K e y T ho ug ht L e a de r in the b io pha rma c e utic a l industry.
E XPE R IE NCE
whe re he se rve d in a numb e r o f se nio r R&D le a de rship ro le s fo c using o n fe rme nta tio n a nd b io pro c e ss de ve lo pme nt a nd the c o mme rc ia l ma nufa c turing o f b io lo g ic s a nd is wide ly re c o g nize d a s a K e y T ho ug ht L e a de r in the b io pha rma c e utic a l industry. Curre ntly,
xe c utive Dire c to r, NI I MBL (Na tio na l Institute fo r Inno va tio n in Ma nufa c turing Bio pha rma c e utic a ls) A pub lic -priva te c o nso rtium de dic a te d to a dva nc ing b io pha rma c e utic a l ma nufa c turing inno va tio n.
E XPE R IE NCE
a rno k spe nt the ma jo rity o f his c a re e r a t Pfize r a nd is a se a so ne d fina nc e a nd o pe ra tio na l e xe c utive with e xte nsive e xpe rie nc e in the pha rma c e utic a l industry. Curre ntly a lso se rve s o n the Bo a rd o f the Glo b a l He a lth Co unc il, a nd Io ne tix, Inc . Prio r Bo a rd se rvic e inc lude s K e ryx Bio pha rma c e utic a ls, Inc ., whe re he a lso se rve d a s Cha irma n
L AST POSIT ION
Vic e Pre side nt, Bio the ra pe utic s Pha rma c e utic a l Sc ie nc e s, E xte rna l Affa irs a nd Bio simila rStra te g y
L AST POSIT ION
Vic e Pre side nt, Bio pro c e ss R&D, Me rc k Re se a rc h L a b o ra to rie s
L AST POSIT ION
Se nio r Vic e Pre side nt in Pfize r’ s US Pha rma c e utic a l Divisio n
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Dya dic ’s Goa l
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Dya dic is we ll positione d to pe ne tra te the ve ry a ttra c tive biolog ic s ma rke t for Drug s a nd Va c c ine s, both huma n a nd a nima l he a lth, with its unique ly powe rful a nd prove n te c hnolog y, the C1 Ge ne E xpre ssion Pla tform.
1 Data from market research published by MarketsandMarkets as of May 12, 2017 & Transparency Market Research published on Oct 6, 2016
Glo b a l va c c ine s ma rke t pro je c te d to b e $48.0 b illio n b y 2021 Bio lo g ic s a re the fa ste st g ro wing se g me nt o f the pha rma c e utic a l industry pro je c te d to g ro w a t a CGAR o f 10.9% o ve r the pe rio d 2016 – 2024 to $479.8 b illio n $1.3 trillio n spe nt o n drug s c urre ntly, 18%
is fo r b io lo g ic s
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1 Estimated Industry Average CHO Yield for a 12-14 day fermentation run, results vary by company.
Industry Proble ms
T he ra pe utic pro te in pro d uc tio n is e xpe nsive Invo lve s using e no rmo us q ua ntitie s o f e xpe nsive g ro wth me d ium Re q uire s c o stly ma nufa c turing fa c ilitie s F e w a d va nc e s in the pro te in pro d uc tio n pro c e ss d uring the pa st d e c a d e , pa rtic ula rly in the a re a o f CHO c e ll impro ve me nt Curre nt pro d uc tivity is no t a d e q ua te to me e t future c o mme rc ial ma nufa c turing d e ma nd
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Sta inle ss Ste e l Multiuse 2 x12,000 lite r Sing le Use Biore a c tor 2,000 lite r
CHO C1 Annua l Pr
800,000 800,000 800,000 T a nk size in L ite r s 12,000 2,000 2,000 Pr
4 10 15 % Yie ld 65% 75% 75% Ba tc he s pe r ye a r 20 40 40 T a nk Output in g 624,000 600,000 900,000 T a nks Ne e de d 2.0 2.0 1.0 % Ca pa c ity Utilize d 64% 67% 89%
C1 c a n lowe r CAPE X:
C1 c a n lowe r OPE X:
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17 Unique Mor phology High Pur ity - 80% of tar ge t pr
se c r e te d Wide ope r ating c onditions for pH and te mpe r atur e Shor te r De ve lopme nt & Pr
Cyc le
r a nsla te s into be tte r g r
se c re te d pro te in
e a te r r e te ntion
g e t se c r e te d pr
downstr e am pr
e quir e s only low c ost synthe tic me dia
use s whic h e limina te s 2 pur ific a tion ste ps typic a l in CHO
vira l ina c tiva tio n
na no filtra tio n
a ng ing fr
a tor y sha ke fla sks to 20,000l ta nks a nd a bove
e c e ive d GR AS (Ge ne r a lly R e c og nize d a s Sa fe ) de sig na tion fr
DA a nd is c onside r e d fit for huma n c onsumption
c e ll line s in 15 we e ks
r
fe r me nte r
ne a rly 10 -14 da ys vs CHO
e r me nta tion Cyc le time 4- 7 da ys
the time o f CHO
e ve ls of e xpr e ssion
c - fusion > 1.3 g / l/ d
Highe r Pr
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19 We have e xpr e sse d 100% of the mAbs & F C- F usions te ste d in our 3r d par ty r e se ar c h c ollabor ations
T he mAb g e ne s a re inte g ra te d spe c ific a lly to a “Ho t spo t” in the C1 g e no me T he mAb s a re se c re te d to the me d ia a nd a re b e ing pro pe rly fo ld e d
L e ve ls of unoptimize d e xpr e sse d mAb is > 1.5 g/ l/ d, F c - fusion > 1.3 g/ l/ d
T he mAb ’ s a re purifie d using Pro te in A
T he Binding Kine tic s of C1 mAb’s ar e Vir tually Ide ntic al T
e xpr e sse d fr
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We e k 1 We e k 2 We e k 3 We e k 4
*No te : Pro te in Re c o ve ry may b e faste r due to hig he r purity
Ba tc h Cyc le time is re duc e d by >50% in c ompa rison to CHO, fre e ing up c a pa c ity
1: Bio ma ss E
xpa nsio n
2: Pro te in Pro d uc tio n 3: Pro te in Re c o ve ry*
C1 CHO Produc tion time re duc e d by >14 da ys
F a ste r g e ne tic ma nipula tio n (c lo ning , g ro wth a nd sc re e ning ) Hig he r sta b ility (mo no c lo na l c ulture , sta b le g e no me ) Hig h e xpre ssio n o b ta ine d b y site spe c ific inte g ra tio n No ne e d fo r ind uc tio n. F a st g ro wing c ulture a s ye a st F a ste r pro te in pro d uc tio n ra te – 1.5 g / l/ d (mo re tha n 10g / l in 7 d a ys fe rme nta tio n) Hig he r purity o f pro te in a c hie ve d ma y d e c re a se re c o ve ry time No ne e d fo r virus c le a ra nc e ste ps
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F le xibility– T
he re la tive simplic ity o f the pro duc tio n pro c e ss o f C1 e na b le s the pro duc tio n o f rVa c c ine s a t va rio us sc a le s a nd a t diffe re nt site s.
Adjuva nt e ffe c t – Re duc ing rVa c c ine s
po sse ss Adjuva nt pro pe rtie s. T hus, a ntig e n pro duc e d b y C1 ma y no t re q uire the a dditio n o f a rtific ia l Adjuva nts.
Immunog e nic ity – Antig e ns pro duc e d b y C1
de mo nstra te d e xc e lle nt immuno g e nic ity pro pe rtie s:
he full le ng th rHA fro m A/ Ne w Ca le do nia / 20/ 99 (H1N1) stra in sho we d e xc e lle nt immuno g e nic ity pro pe rtie s in mic e witho ut a djuva nt
g e ne ra te d a n immune re spo nse in mic e tha t pro te c te d the mic e a nd did no t ha ve ne g a tive e ffe c ts o n the he a lth o f the mic e
Sa fe ty – Mic e te sts de mo nstra te d
tha t re c o mb ina nt pro te ins suc h a s HA pro duc e d in C1 did no t induc e a ny ne g a tive c linic a l sig ns in mic e .
during the e xpe rime nt (visua l
Pr
ve ry lo w c o st.
xa mple : C1 c a n po te ntia lly pro duc e le ve ls o f 1 g / L
se a so na b le Influe nza virus(e s) in 4 - 7 da ys fe rme nta tio n the re fo re :
a c h 0.5 mL do se is fo rmula te d to c o nta in: 15 µg o f HA fo r e a c h stra in.
hus, 3 X 1000L sc a le fe rme nta tio n runs will b e a b le to supply the a nnua l g lo b a l HA/ stra in ne e ds a g a inst Influe nza o f 2,175 g .
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ZAPI, is a r e se ar c h and de ve lopme nt pr
am sponsor e d by the E U with the goal of de ve loping a platfor m suitable for the r apid de ve lopme nt and pr
pr
ac k r e gistr a tion of de ve lope d pr
dise ase s that have the pote ntial to e ffe c t the human population.
T hre e o f the initia l a ntig e ns, e a c h o ne fo r a d iffe re nt virus, wa s e xpre sse d b y C1 a nd se c re te d to the me d ium T
wa s te ste d in a ve ry sma ll mic e te st within the ZAPI pro je c t. Pre limina ry re sults ind ic a te d tha t the C1 pro d uc e d a ntig e n g e ne ra te d a n immune re spo nse in mic e tha t pro te c te d the mic e , a nd d id no t ha ve ne g a tive e ffe c ts o n the he a lth o f the mic e We ha ve initia te d a C1 d e ve lo pme nt pro g ra m to e xpre ss Virus like pa rtic le s (VL P) fo r a ntig e n e xpre ssio ns
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Glyc oe ng ine e ring
the forma tion of va rious g lyc a n struc ture s to e va lua te immunog e nic ity
Ma n9 Ma n8 Ma n7 Ma n6 Ma n5 Ma n3
GF 2
Hig h ma nno se Co re 5-25% C1 typic a l Glyc a n struc ture
C1 futur e Glyc ostr uc tur e s
Unlike mo st fung i a nd ye a sts, C1 d o e s no t ha ve ‘ hig h’ ma nno se (b ra nc he d 30-50 ma nno se spe c ie s), b ut ra the r ha s ‘ o lig o ’ ma nno se a nd hyb rid -type struc ture . T he na tive C1 g lyc a n pa tte rn is re la tive ly c o mple x with hig h ma nno se type (Ma n3- Ma n9) a nd hyb rid type (Ma n3He xNa c - Ma n8He xNa c ) g lyc a n fo rms So fa r, O-g lyc o syla tio n wa s no t id e ntifie d in the ra pe utic pro te ins e xpre sse d in C1 b ut mino r le ve l is still po ssib le
Glyc oe ngine e r ing wor k is be ing applie d to C1 str ain to c r e ate a str ain that pr
pr
human glyc ofor ms
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Adva nta g e of C1 ove r Ye a st a nd CHO
T ypic al Ye ast Glyc an Str uc tur e
Ma n30-50
Dyadic C1 Glyc an Str uc tur e
Ma n3-9
T ar ge te d Mammalian Glyc ofor m str uc tur e ss
G0 G0F G2 G2F Dya dic ’s C1’s g lyc a n str uc tur e is mor e ma mma lia n like tha n typic a l ye a st
he na tive C1 g lyc a n pa tte rn is re la tive ly c o mple x with hig h ma nno se type (Ma n3- Ma n9)
the ra pe utic pro te ins e xpre sse d in C1
e ss e ng ine e ring ste ps ne e de d fo r C1
sta b le fro m c ulture to c ulture a nd b a tc h to b a tc h
T he fir st ste ps of Glyc oe ng ine e r ing C1 c e lls ha s be g un a nd we r e suc c e ssful No ne g a tive e ffe c ts on c e ll via bility ha ve be e n
ve d with a ny of the modific a tions done
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Biote rrorism Ag e nt Ca te g orie s T he “T
y A – e a sily spre a d, c a use
pub lic pa nic , hig h de a th ra te s- Ba c illus a nthra c is, Clo stridium b o tulinum.
y B – mo de ra te ly e a sy to
spre a d, mo de ra te illne ss ra te s a nd lo w de a th risk- Pse udo mo na s pse udo ma lle i.
y C – e a sily a va ila b le , e a sily
pro duc e d a nd spre a d, po te ntia l fo r hig h mo rta lity ra te s a nd ma jo r he a lth impa c t- L a ssa virus, E b o la viruse s.
sini pe stis, the b a c te rium tha t
c a use s pla g ue .
iola vir us, the virus tha t c a use s
sma llpo x.
ac is, the b a c te rium tha t
c a use s a nthra x.
pro duc e d b y Clo stridium b o tulinum, the b a c te rium tha t c a use s b o tulism.
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“Improving na tion’s de fe nse s a g a inst biote rrorism is a ke y pa rt of the U.S. g ove rnme nt’s home la nd se c urity e ffort.”
Biode fe nse - the proc e dure s involve d in ta king de fe nsive me a sure s a g a inst a tta c ks using biolog ic a l a g e nts.
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Dyadic has e nte r e d into a R & D c ollabor ation with the Isr ae l Institute for Biologic al Re se ar c h (“IIBR”) to fur the r advanc e its C1 e xpr e ssion platfor m for the de ve lopme nt and manufac tur e
e c ombinant vac c ine s and ne utr alizing age nts c ompr ising tar ge te d antige ns and monoc lonal antibodie s, to c ombat e me r ging dise ase s and thr e ats. T he Isr ae l Institute for Biologic al Re se ar c h “IIBR” is a gove r nme ntal, applie d r e se ar c h institute spe c ializing in the fie lds of biology, me dic inal c he mistr y and e nvir
de c ade s of e xpe r ie nc e , IIBR c ombine s highly tr aine d pe r sonne l with c utting- e dge te c hnologie s and infr a- str uc tur e to c onduc t applie d r e se ar c h and de ve lopme nt in the fie lds of biology, me dic inal c he mistr y and e nvir
e se ar c h studie s c lose ly r e late d to IIBR's applie d pr
IIBR's r e se ar c h pr
ships by inte r national author itie s and institutions suc h as the US Public He alth Se r vic e s, Ce nte r for Dise ase Contr
my Me dic al Re se ar c h and De ve lopme nt Command, the Wor ld He alth Or ganization, US-Isr ae l Binational Sc ie nc e F
National F
c h and the Ge r man Ministr y for Sc ie ntific Re se ar c h and T e c hnology.
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Be tte r:
xpre ssio n: 20+ g / l (Ac hie ve d 80 g / l in Industria l a pplic a tio n)
thro ug h do wnstre a m pro c e ssing
pro duc tio n pla tfo rm fo r no n-g lyc o syla te d pro te ins suc h a s F a b s, b i-spe c ific s a nd ne w drug s
ho st pro duc tio n C1 stra in to a llo w fo r pro duc tio n
a s mAb s, F c -fusio ns a nd re c o mb ina nt va c c ine s
tha n ye a st
a sie r sta rting put sinc e C1 do e sn’ t ha ve hype r ma nno se struc ture
E a sie r:
Bo x
ra ndo m inte g ra tio n
fo r pH a nd te mpe ra ture
pro c e ss a llo ws fo r pro duc tio n o f b io lo g ic s a t va rio us sc a le s a nd a t diffe re nt site s
F a ste r:
e d b a tc h te c hno lo g y – no ne e d fo r pe rfusio n
a dditio na l purific a tio n ste ps
e rme nta tio n time (1/ 2 to 1/ 3rd le ss time tha n CHO)
CHO a nd e xpe c te d to inc re a se furthe r
L
b a se d o n g luc o se
a sso c ia te d c o sts
42 118 124 60 110 360
50 100 150 200 250 300 350 400
C1 - 2,000L tank C1 - 10,000L tank CHO - 10,000L tank Cost in Million USD
L
Manufac tur ing Cost: C1 vs CHO Humir a mAb Annua l OpE x Initia l Ca pE x Inve stme nt
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Sho rte r d e ve lo pme nt & pro d uc tio n c yc le s Hig he r pro te in yie ld s L
x/ OpE x Hig he r purity & g re a te r pro te in re c o ve re d L
Ina c tiva tio n No ne g a tive c linic a l sig ns in mic e stud ie s R&D Co lla b o ra tio ns L ic e nsing Arra ng e me nts Othe r Co mme rc ia l Oppo rtunitie s
Dya dic is looking for pa rtne rs in the biopha rma c e utic a l spa c e to e xploit the pote ntia l of C1. Conta c t mjone s@dya dic .c om