Developing first in class cardiovascular drugs JUNE 2016 - - PowerPoint PPT Presentation
Developing first in class cardiovascular drugs JUNE 2016 - - PowerPoint PPT Presentation
Developing first in class cardiovascular drugs JUNE 2016 Highlights Lead drug candidate, QGC001, currently in 30-patient phase IIa in hypertension - data expected in Q3 2016 Novel therapeutic class - brain aminopeptidase A inhibitors (BAPAIs)
Highlights
Lead drug candidate, QGC001, currently in 30-patient phase IIa in hypertension - data expected in Q3 2016 Novel therapeutic class - brain aminopeptidase A inhibitors (BAPAIs) - provides antihypertensive effects and cardioprotection
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Program QGC101 received approval in France to initiate a pan-european phase IIa in congestive heart failure in mid 2016 3 patent families granted, 3 patent families filed and starting to be granted Experienced management team and Scientific/Clinical Advisory Board Willing to target subgroups of patients in large indications with strong unmet medical need (hypertension and heart failure)
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“Hyper-pressure contributes to nearly 9.4 million deaths due to heart disease and stroke every year and, together, these two diseases are the number one cause of death worldwide. And, hyper-pressure also increases the risk of kidney failure, blindness and several other conditions. It often occurs together with other risk factors like obesity, diabetes and high cholesterol – increasing the health risk even further.”
WHO Chief Dr Margaret Chan – World Health Day April 07, 2013
Do you know that ?
Sources : (1) WHO (World Health Organization) - A global brief on hypertension, Silent killer, global public health crisis (2013), (2) the pharmaletter (June 2014), (3) Heidenreich et al, Circulation Heart Failure (2013)
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Of adults ar more, depending on countriy has high blood pressure. With the proportion going up to one in two for people aged 50 and above(1)
9.4 million
Deaths worlwide every year due to complications of high blood pressure(1)
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- f humans is dying due to
cardiovascular diseases. 1st cause of death with 17 million deaths in the world each year(1)
$ 40 billion
Global anti-hypertensive drugs market in 2013(2)
$ 39 billion
Global heart failure drugs market estimate for 2015(3)
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Blockbuster patent expiration creates opportunity
Blockbuster (I.N.N.) Company Main Patent expiration date Diovan (valsartan)
- Sept. 2012
Micardis (telmisartan)
- Jan. 2014
Benicar, Olmetec (olmesartan)
- Oct. 2016
Avapro, Aprovel (irbesartan)
- Mar. 2014
Blopress (candesartan)
- Jun. 2012
Antihypertensive drugs account for 5 of 10 top-selling cardiovascular products, each with annual sales >$1 billion Increasing generic threat creates significant need for innovative antihypertensive therapeutics candidates Pipeline lacks innovation; majority of late stage programs focused on combination therapies using existing drugs
Top-selling antihypertensive drugs
BAPAI : novel therapeutic class
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BAPAI : a new therapeutic approach to treat hypertension and associated cardiovascular diseases
Brain Aminopeptidase A Inhibitors (BAPAIs)
Quantum Genomics, the BAPAI company, is developing first in class treatment targeting a new pharmacological pathway in the brain
Hypertension Heart failure Other diseases
Benefiting from more than 20 years of the highest standard academic research in Europe
Catherine Llorens-Cortes, PhD in Neurobiology, Director of the Central Neuropeptides and cardio-vascular hydro- regulation research team – College de France CIRB-CNRS UMR U1050 7241/INSERM
2014 Category « Research team »
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A triple mechanism of action with a single drug
Increase of the diuresis (urinary elimination) Inhibition of Aminopeptidase A BAPAIs are innovative drugs that target a new central pharmacological pathway leading to both antihypertensive effects and cardioprotection Lowering vascular resistance Controlling heart rate
Angiotensin II
BAPAI
Angiotensin III
Vasopressin release Sympathetic nerve activity Baroreflex
Mechanism of action described in several peer reviewed academic publications:
Bodineau & al – Hypertension – 2008 Marc & al – ProgNeuroscience – 2011 Marc & al – Hypertension - 2012
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Our goal is to target a specific population of patients : LRHV Low Renin High Vasopressin patients
LRHV is overexpressed in elderly, Asian, African American and Hispanic populations ACEs and ARBs drugs are not effective for those patients Mostly uncontrolled or poorly controlled : LRHV patients
Robust pipeline of new drug candidates
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A robust pipeline of new drug candidates
CONGESTIVE HEART FAILURE HYPERTENSION
First-in-class
Prevention and treatment of congestive heart failure
QGC101
Tolerance, safety and efficacy In hypertensive patients Proof of efficacy single dose in hypertensive rats Regulatory Preclinical results Pharmacokinetics and toxicology (rats and dogs)
First-in-class
Treatment of hypertension as monotherapy
QGC001
Combination
Treatment of hypertension in combination
QGC011
Best-in-class
Optimized treatment
- f hypertension
as monotherapy
QGC006
Identification of active compounds Preclinical studies Clinical studies Phase I Clinical studies Phase IIa Clinical studies Phase IIb Clinical studies Phase III New drug approval (NDA) Commercia- lization
Proof of efficacy repeated doses (post infarction rats and dogs models) and start of phase II
Quantum Genomics Partner
Typically, identification and preclinical phases last 2-3 years, a phase I 1-2 years, a phase IIa 1-2 years , a Phase IIb 1-2 years, a phase III 2-3 years and new drug approval and commercialization 2-3 years.
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QGC001, phase I trials
Target discovery Identification of active compounds Preclinical studies Clinical studies Phase I Clinical studies Phase II
First-in-class
Stand alone treatment
- f Hypertension
QGC001
Phase Ia • 2012
Randomized, double blind, placebo controlled study
- f single ascending doses in 80 healthy volunteers
Positive : overall safety and tolerability
- f QGC001 up to 2g
Phase Ib • 2013
Randomized, double blind, placebo controlled study
- f multiple ascending doses in 44 healthy volunteers
Positive : overall safety and tolerability
- f QGC001 up to 750mg twice a day
and no food interaction
Phase IIa • Q1 2015
Initiation of a phase IIa in 30 hypertensive patients
Medical Doctor, University Professor – Hospital Practitioner Director of CIC 9201 (Cardiovascular, renal, endocrine pathology and physiology)
Michel Azizi, MD,
QGC001, summary of the clinical findings in healthy normotensive subjects
Safety & Tolerability :
Clinically and biologically well-tolerated in healthy male subjects after a single oral dose up to 2000 mg and after multiple oral doses up to 750 mg b.i.d.
Pharmacokinetics
Rapidly absorbed with a Tmax of 1.5 hours QGC001 is partly converted in its active metabolite EC33 at the gastrointestinal tractus level Mild accumulation of QGC001 and EC33 and increase in half-life with time after repeated administrations
- ver 7 days
No food influence on the pharmacokinetics profile of QGC001
QGC001 is not a hypotensive drug in healthy normotensive subjects
Pharmacodynamics :
No effect on blood pressure, heart rate, and the systemic Renin-Angiotensin System activity.
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QGC001, preclinical pharmacology in DOCA-Salt rats
Single oral administrations of RB150/QGC001 decrease mean blood pressure (MBP) in alert hypertensive rats (DOCA-salt rats) without affecting significantly heart rate (HR) Single oral administrations of RB150/QGC001 have no effect in normotensive rats (WKY and Sham rats)
Bodineau et al, Hypertension, 2008
RB150 = QGC001
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QGC001, preclinical pharmacology in SHR rats
Single oral administrations of RB150/QGC001 decrease mean blood pressure (MBP) in alert spontaneously hypertensive rats (SHRs)
Adapted from Marc et al, Hypertension, 2012 20 40 60 80 100
Saline SHR QGC001 100mg/kg Saline
** ∆1 ∆2 ** *** QGC001
(150 mg/kg)
Enalapril
(3 mg/kg)
QGC001
(15 mg/kg)
QGC001
(100 mg/kg)
Saline
- 50
1 2 3 4 5 6 24
Temps (h) ** ** * ** ** ** ** ** * *
- 40
- 30
- 20
- 10
10 ∆MABP (mmHg)
* * * ED50 : 30 mg/kg
Brain APA activity Blood pressure
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QGC001, preclinical pharmacology in SHR rats
Inhibiting both the brain and the systemic RAS by combining QGC001 with an ACE inhibitor
- r an AT1 receptor antagonist results in synergy of action and should improve the control of
BP in hypertensive patients
Adapted from Marc et al, Hypertension, 2012
- 50,0
- 40,0
- 30,0
- 20,0
- 10,0
0,0 10,0 1h 2h 3h 4h 5h 6h 24h Time (h)
Valsartan (0.3 mg/kg) QGC001 (100 mg/kg) + Valsartan (0.3 mg/kg) QGC001 (100 mg/kg * * * QGC001(100 mg/kg) +Enalapril (1mg/kg) Enalapril (1 mg/kg) QGC001 (100 mg/kg) Saline
- 50
- 40
- 30
- 20
- 10
10 ∆MABP (mmHg) 1 2 3 4 5 6 24 Time (h) ‡ * ‡ * ‡ * * ‡ **
**
**
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Phase IIa for QGC001: trial completed
Tapering and discontinuation of current HTA therapy 2 weeks 2 weeks 4 weeks 2 weeks 4 weeks No drug treatment Placebo Run-in Period Randomization 1:1 QGC001 Placebo Washout Period P1 Period P2 Placebo
A
Placebo Placebo Washout Period P1 Period P2 QGC001
B
4 Centers in France all labelled as “Centers of Excellence” by the European Society of
- Hypertension. Principal Investigator: Pr. Michel Azizi - Hôpital Européen Georges Pompidou - Paris
Safety endpoints : Evaluated from signs, symptoms and laboratory tests at each visit Pharmacokinetics endpoints : Measured twice during each of the two treatments periods Efficacy endpoints include :
24 hours ambulatory blood pressure measurement (ABPM) Home blood pressure measurement (HBPM) Office blood pressure measurement (OBPM) Hormonal measurement of several biomarkers
QGC001, progresses of trials in hypertension
Supervisory committee’s meeting* • 29 Sep. 2015
Conclusions concerning product tolerance in patients
Continuation of the study without any change to the clinical trial protocol
*a group of independent experts tasked with reviewing the data from the clinical trial
Last news on phase IIa :
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Enrollment of 100% of patients • 5 Jan. 2016
(ahead of the recruitment schedule)
Over 75% of the patients have fully completed the trials.
Preparation of two phases IIb planned for 2017: one in the US for a targeted population and another in Europe Phase IIa trial was completed in April 2016 and results are expected in Q3 2016
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QGC101 : Launch of a Phase IIa clinical trial in humans by mid-2016
Professor Faiez Zannad, PhD, lead expert since July 2015 Head of the hypertension and heart failure unit of the cardiology department at Institut Lorrain du Cœur et des Vaisseaux (CHU Nancy)
Phase IIa • Q2 2016
Initiation of a phase IIa in humans
June 2015 : Proof of efficiency in a dog model. The results show an improvement during the fourth week in the cardiac ejection fraction in dogs treated over a 28-day period compared to untreated dogs. July 2015 : Signature of a research collaboration agreement in heart failure with University of Ottawa Heart Institute and the Center for Interdisciplinary Research in Biology at College de France.
2015 events : Mid 2016 : initiation of a phase IIa in congestive heart failure - muticentric in several European countries
QGC101 : Rationale of BAPAI for the treatment of heart failure
Myocardial Infarction (MI) leads to an activation of the brain renin-angiotensin system and a sympathetic hyperactivity
Activation of excitatory angiotensinergic pathways Ang II release in e.g. PVN Plasma Ang II Post MI Sympathetic Hyperactivity Circumventricular
- rgans
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QGC101 : Rationale of BAPAI for the treatment of heart failure
QGC001 lowers brain APA activity in rats post myocardial infarction to normal levels
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Adapted from Huang et al, Cardiovasc Res 2013 1 2 3 4 5 6 7 8 9 Brain APA activity (nmol ßNA/mg tissu/h)
Sham vehicle losartan QGC001
** *** *** ** Brain APA activity Myocardial Infarction induced by coronary artery ligation Measurement of :
- brain APA activity
- renal sympathetic nerve activity
(RSNA)
- Left Ventricular function by
echocardiography and Millar catheter.
Chronic icv treatment for 4 weeks:
28 days
Vehicle Losartan (0.25mg/day) QGC001 (0.3mg/day)
MI
QGC101 : Rationale of BAPAI for the treatment of heart failure
QGC001 reduces the renal sympathetic nerve hyperactivity and improves left ventricular dysfunction observed in rat post myocardial infarction better than losartan
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Sham MI size (%) Vehicle Losartan QGC001 Renal sympathetic nerve activity (%) EF (%) LVPSP (mmHg) LVEDP (mmHg) dP/dtmax (mmHg/s)
- 25 ± 1
24 ± 2 24 ± 1 7259 ± 293*† 17 ± 2 34 ± 2 * 23 ± 2 † 20 ± 2 † 92 ± 2 126 ± 2 3 ± 1 8076 ± 145 66 ± 3 * 120 ± 1 * 6116 ± 141 * 16 ± 2 * 63 ± 3 * 6740 ± 63*† 9 ± 1*† 118 ± 3* 124 ± 2 76 ± 2*† 9 ± 1*† Left ventricular function: MI
Adapted from Huang et al, Cardiovasc Res 2013
Efficient organization and strong assets
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Management team
Lionel Ségard - President & CEO
Former CEO of’Inserm-Transfert, subsidiary of INSERM (French National Institute for Health and Medical Research) Founder and former president of Inserm Transfert Initiative (seed fund dedicated to healthcare young innovative companies) Founder of the Strategic Council for Innovation (secretary general from 2003 to 2005), The Council's goal is to boost French efforts in the field of research and high technologies and included key figures from France's science, industry and financial community Biochemist by training (University of South Paris - Orsay)
Jean-Philippe Milon, PhD - Chief Operating Officer
Several management positions at Bayer HealthCare, then member of the Worldwide Executive Committee as head of WW Business Development, Licensing, Mergers & Acquisitions Previously head of the cardiovascular business at Sandoz More than 25 years of experience in Healthcare mainly in the Pharmaceutical Industry
Marc Karako - Chief Financial Officer
Previously Executive Vice President & Chief Financial Officer of Carlson Wagonlit Travel Former Chief Financial and Legal Officer of Vallourec. Former Vice President Finance at Thomson Multimedia 10 years at IBM in various financial management positions. Master of engineering (Ecole des Ponts ParisTech) and MBA from the University of Chicago
Olivier Madonna - Chief Medical Officer
In depth knowledge of international R&D processes within pharmaceutical , biotech and medical device industries Previous experience as Head of cardiovascular medical depatrments with MSD and J&J MD Cardiologist , Nephrologist, Specialist in Internal Medicine
Fabrice Balavoine - Vice President Research & Development
15 years of experience in Drug Discovery and Drug Development Participated in the development of several drug candidates (new chemical entities, peptides and recombinant proteins) that reached clinical stages in different therapeutic areas. Ph.D. in Organic Chemistry from the University Paris-Sud, master of science from Ecole Supérieure de Physique et de Chimie Industrielle of Paris (ESPCI) and Executive MBA from the ESSEC & Mannheim Business School
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Pierre Corvol, MD, Chairman
Professor Emeritus at Collège de France • Honorary President of Collège de France Member of the Academy of Sciences • Member of the Academy of Medicine Member of the American Academy of Arts and Sciences
Professor Mark Caulfield
Co-director of William Harvey Research Institute, Barts and The London School of Medicine and Dentistry, Queen Mary University of London (UK) • Director of the NIHR Biomedical Research Unit in Cardiovascular Disease at Barts (UK) Member of the Academy of Medical Sciences in the UK
Professor Alexandre Persu
Head of the Hypertension Clinic, Cardiology Department, Cliniques Universitaires Saint-Luc, Catholic University of Louvain, Brussels, Belgium Member of the International and European Society of Hypertension 24
Scientific Advisory Board
In addition, a US Clinical Advisory Board was established in March 2016 with professors Keith Ferdinand, Henry Black and Howard Dittrich
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Strong and broad Intellectual Property
Patent family 1
(granted)
Patent family 2
(granted)
Patent family 3
(granted)
Patent family 4
(filed)
Patent family 5
(filed)
Patent family 6
(filed)
Owner
(exclusive WW license) (exclusive WW license) (exclusive WW license)
Area of invention Concept of BAPAI to treat hypertension (active ingredient patent) QGC001 for the treatment of hypertension and related diseases QGC006 for the treatment of hypertension and related diseases QGC001 trihydrate form (current product) for the treatment of hypertension and related disesases QGC011 for the treatment of hypertension and related diseases QGC001 L-lysine form for the treatment of hypertension and related diseases Status
Granted Granted Granted Under review *
Zone PCT +
Under review
Zone PCT
Under review *
Zone PCT +
Expiration date
14/01/2019 16/07/2023 * 06/08/2024 ** 07/11/2031 21/12/2032 * 10/22/2033 *
Patents operated by Quantum Genomics provide secure protection for future drugs up to 2033 (plus potential 5 years extension)
* Potential patent protection extention for 5 years ** Data exclusivity if the patent expires before the date of market availability ( 10 years in France, 5 years in the USA)
* Already granted in the US and several countries
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Simplified income statements and balance-sheet
Audited data in K€ French GAAP 2015 2014 Income 167.4 341.1 Personnel expenses (1,600.2) (1,302.8) Other operating expenses (2,877.3) (1,455.8) OPERATING RESULT (4,310.1) (2,417.5) FINANCIAL RESULT (192,9) (119,4) EARNINGS BEFORE TAXES (4,478.1) (2,541.9) RESEARCH TAX CREDIT 713.8 335.0 NET INCOME (3,764.3) (2,206.9) Audited data in € French GAAP 12/31/2015 Fixed assets 520.0 Inventory/receivables 1,085.1 Cash 8,652.1 Prepaid expenses 283.1 TOTAL ASSETS 10,540.3 Shareholders equity 8,022.0 Other equity (conditional advance) 727.5 Provisions 0.0 Financial debt 0.0 Current liabilities 1,790.8 TOTAL EQUITY AND LIABILITIES 10,540.3
Capital increase of 8.6 M€ in March 2016 in US & Europe, which could reach 14.1 M€ should all the attached purchase warrants be exercised.
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Optimized cash management
Data in K€ - audited FY 2015 FY 2014 FY 2013 Net income corrected for non-cash effects (3,764) (2,034) (1,532) Change in net working capital 386 (757) 545 Investments (368) (350) (113) FREE CASH FLOW (3,142) (3,141) (1,100) Capital increase 12,150 3,699 831 Borrowings and shareholders’ loans 3,307 1,043 Debt repayment (3,306) (1,042) (419) Other elements (mainly Bpifrance loans) 162 (75) FINANCINGS 8,844 8,210 1,380 Change in cash 5,334 2,984 280 CASH (END OF PERIOD) 8,652 3,318 334
€ 18.7 million
Cash expenses (primarily R&D)
Cash from inception
December 23, 2005 to December 31, 2015
€ 23.5 million
Equity financing
€ 1.8 million
Subsidies from Bpifrance (Public Innovation Bank) and ANR (National Research Agency)
€ 2.1 million
Research Tax Credits (RTC)
Capital increase of 8.6 M€ in March 2016
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Shareholding & stock exchange information
Current capital breakdown:
(8,390,320 shares)
Stock market data Listed on Alternext Paris since April 10, 2014. ISIN : FR0010783837. Ticker code : ALQGC. Public Equity Offering of 12.9 M€ in February 2015 Market capitalisation: 50,5 M€ as of May 31, 2016. Potential dilution Up to 1,605,517 new shares could be issued if all existing common share purchase warrants were to be exercised, which represents 16% potential dilution
- Alix AM: 14.6%
- Tethys : 11,8% (owns 33% of L’OREAL)
- Management: 10,6%
- Float: 63,0% (Europe and US)
A strategy focused on rapid value creation
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Representative Transactions
Acquirer Developer Indication Status Terms
Heart Failure Phase II
Acquisition up to $ 2 billion+, with $300 M upfront and potentially a
further $1.775 billion based on development, regulatory and sales based milestones
Cardiovascular Phase I
Upfront payment + up to € 120 million license fees and milestone payments; Servier to continue development of XEN-D0103; Owns commercial rights ex US and Japan
Hypertension Phase II
Acquisition (90.3% of shares) : $ 882.3 million
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Business Development strategy Goal
Building an alliance with a pharmaceutical company to develop the BAPAI platform
Upfront/ Milestones
Financing clinical and regulatory trials starting from the signature of the license
Royalties
The partner will be in charge
- f marketing and sales activities
Starting sales ASAP after New Drug Approval Quantum Genomics will receive royalties on sales
Quantum Genomics targeting partnerships with big pharma
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Milestones
QGC101 QGC001
2016 2017
Start of 2 phases IIb:
- In the US, on targeted population
- In Europe, with focus on biomarkers
End of clinical part of phase IIa in Q4 Initiation of phase IIa in humans in Q2 Agreement with existing partner in animal health Phase IIa: Patients enrollment: 100% Study completion in April Results in Q3
CONFIDENTIAL - NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
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3 reasons to be a shareholder
QGC001: lead asset with blockbuster potential
Ended phase II for hypertension and starting phase II for heart failure Leading anti-hypertensive drugs facing patent expiration
Breakthrough therapeutic class in a huge market
$79 Billion in annual sales worldwide for anti-hypertensive and heart failure drugs >50% of hypertension patients lack adequate treatment 23 million people worldwide suffer from heart failure today
Robust pipeline of new drugs
3 compounds in development for hypertension and 1 for congestive heart failure Supported by strong intellectual property portfolio