Stifel Healthcare Conference
John Scarlett, M.D.
President and CEO, Geron Corporation November 2018
Healthcare Conference John Scarlett, M.D. President and CEO, Geron - - PowerPoint PPT Presentation
Stifel Healthcare Conference John Scarlett, M.D. President and CEO, Geron Corporation November 2018 Forward-Looking Statements Except for statements of historical fact, the statements contained in this presentation are forward-looking
President and CEO, Geron Corporation November 2018
2 Except for statements of historical fact, the statements contained in this presentation are forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements regarding the expectations, plans, timelines and prospects for imetelstat and Geron, including without limitation: (i) that the imetelstat IND transfers from Janssen to Geron in the second quarter of 2019; (ii) that IMbark and IMerge will continue; (iii) Geron’s plans to initiate the Phase 3 portion of IMerge in mid-2019; (iv) that Geron will
historical facts, constitute forward-looking statements. These statements involve risks and uncertainties that can cause actual results to differ materially from those in such forward-looking statements. These risks and uncertainties, include, without limitation: (i) whether contingencies delay or prevent the start of the Phase 3 portion of IMerge by mid-year 2019; (ii) whether regulatory authorities permit the further development of imetelstat on a timely basis, or at all; (iii) whether Geron decides for any reason not to develop imetelstat for myelofibrosis; (iv) whether any circumstances arise that prevent a timely transition of the imetelstat program from Janssen; (v) whether Geron’s patents protect the commercial value of imetelstat; (vi) whether imetelstat’s benefit-risk profile for MDS is better than lenalidomide and/or hypomethylating agents; and (vii) whether Geron can obtain sufficient funding to support further development of imetelstat. Additional information and factors that could cause actual results to differ materially from those in the forward-looking statements are contained in Geron's periodic reports filed with the Securities and Exchange Commission under the heading “Risk Factors,” including Geron's quarterly report on Form 10-Q for the quarter ending September 30, 2018. Undue reliance should not be placed on forward- looking statements, which speak only as of the date they are made, and the facts and assumptions underlying the forward-looking statements may
circumstances.
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Imetelstat
myelofibrosis (MF) and myelodysplastic syndromes (MDS)
Current Clinical Trials
Future Plans
Company
A novel molecular target in oncology
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Telomerase enzyme
(hTR) and a reverse transcriptase catalytic protein subunit (hTERT)
Nobel Prize for Medicine for discovery of telomerase and its relationship with telomeres
telomeric DNA RNA template (hTR) catalytic subunit (hTERT)
Somatic Cells
Telomerase inactive
Normal Progenitor Cells
Telomerase transiently upregulated to support controlled proliferation
Malignant Progenitor Cells
Telomerase highly upregulated, in over 90% of cancers, enabling continued and uncontrolled proliferation
A first-in-class telomerase inhibitor
proliferation
(NPS) oligonucleotide complementary to hTR, with covalently-bound lipid tail to increase cell permeability/tissue distribution
spleen, liver
treated in Phase 1 and 2 trials
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imetelstat lipid tail telomere Prevents binding by and maintenance of telomeres Imetelstat binds to RNA template
X
NPS oligonucleotide
Key differentiating features
Targeting telomerase to tackle the underlying disease
that drive the disease
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Unique Mechanism
Broad Clinical Activity Challenging Patient Populations Tested Trial eligibility criteria emphasizes difficult-to-treat patients
transfusion hemoglobin ≤ 9.0 g/dL
a JAK inhibitor (JAKi) or never responded to JAKi treatment plus active symptoms of MF
Activity within multiple outcome measures suggest clinical benefit
subtypes (ring-sideroblast, RS +/-) and erythropoietin (EPO) levels, reductions in transfusion burden in all patients
survival for 9.4 mg/kg arm, including patients with at least one high-risk mutation and triple negative mutation patients
Clinical evidence of potential disease modifying activity
7 telomerase
All arise from malignant progenitor cell clones in the bone marrow
Steensma et al, 2018 ASH Abstract #463 Baerlocher et al, NEJM 2015; 373:920-928 Tefferi et al, NEJM 2015; 373:908-919 Tefferi Pilot Study, unpublished
8 telomerase
malignancies
refractory anemia with ring-sideroblasts (RARS) and refractory cytopenia with multi-lineage dysplasia-RS (RCMD-RS)
transformation and better survival than RS- patients
(AML) Lower Risk MDS
many patients are dependent on RBC transfusions
monthly may reduce life expectancy by 50% and increase risk of progression to AML
Disease characteristics
Sekeres, Natl Compr Canc Netw 2011; 9:57-63 Bejar & Steensma, Blood 2014; 124:2793-2803 Greenberg et al, Blood 1997; 89:2079-2088 Malcovati et al, JCO 2007; 25:3503-3510 www.cancer.org/cancer/myelodysplastic-syndromes
Cogle, Curr Hematol Malig Rep; 2015, 10272-10281 Greenberg et al, Blood 1997; 89:2079-2088
Lower Risk MDS
MDS patients in the U.S.
Cases diagnosed annually in the U.S.
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Addressing a large unmet need
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Fenaux and Adès, Blood 2013; 121:4280-4286 Santini et al, J Clin Oncol 2016; 34:2988-2996 Tobiasson et al, BCJ 2014; 4: e189
Patients refractory to ESAs become dependent on red blood cell transfusions
Erythropoiesis Stimulating Agents (ESAs)
anemia in ~50% of patients
duration: ~2 years
Hypomethylating Agents (HMAs)
Approved in U.S. for all patients, including del(5q) and non-del(5q) Not approved in Europe
Chronic anemia remains an unmet need
Lenalidomide
Not approved in U.S. or Europe for non-del(5q) patients
Opportunity to sequence imetelstat ahead of available therapies
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Fenaux and Adès, Blood 2013; 121:4280-4286 Santini et al, J Clin Oncol 2016; 34:2988-2996 Tobiasson et al, BCJ 2014; 4: e189
Patients refractory to ESAs become dependent on red blood cell transfusions
Erythropoiesis Stimulating Agents (ESAs)
anemia in ~50% of patients
duration: ~2 years
Hypomethylating Agents (HMAs)
Approved in U.S. for all patients, including del(5q) and non-del(5q) Not approved in Europe
Imetelstat
≥8-week RBC-TI: 37%
potential to sequence ahead of lenalidomide and HMAs
ASH 2018 Abstract #463: Imetelstat Treatment Leads to Durable Transfusion Independence (TI) in RBC Transfusion-Dependent (TD), Non-Del(5q) Lower Risk MDS Relapsed/Refractory to Erythropoiesis-Stimulating Agent (ESA) Who Are Lenalidomide (LEN) and HMA Naïve; Steensma D, et.al.
Lenalidomide
Not approved in U.S. or Europe for non-del(5q) patients
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Clinical Trial Conduct and Status
with IPSS Low or Intermediate-1 Risk MDS that is relapsed or refractory (R/R) to erythropoiesis stimulating agent (ESA) treatment
December 2017 and the European Hematology Association (EHA) in June 2018
chromosomal abnormality or non-del(5q), naïve to lenalidomide or HMA treatment
risk MDS patients
(n=38) to be presented at ASH in December
ClinicalTrials.gov (NCT02598661)
Part 1 – Phase 2 portion
Imetelstat 7.5mg/kg every 4 weeks
requirement of ≥4 units over 8 weeks prior to trial entry
darbepoetin alfa 150 mcg (or equivalent) or serum erythropoietin (sEPO) >500 mU/mL
growth factors per investigator discretion as clinically needed and local guidelines single arm,
(n = 57); target patient population (n=38) 1° Efficacy: Red Blood Cell (RBC) Transfusion Independence (TI) ≥8 weeks 2° Efficacy: RBC TI ≥24 weeks; time to and duration of RBC TI; hematologic improvement (HI); reduction in RBC burden
IMerge Part 1: Phase 2 Portion
IMerge MEDALIST
Geron Company Acceleron/Celgene Imetelstat Drug name Luspatercept Telomerase inhibitor Mechanism of action TGF-b inhibitor Phase 2 (n=38) Phase of development Phase 3 (n=229) active (n=153), placebo (n=76) RS+ or RS- MDS subtype Ring-sideroblasts (RS) RS+ only ≥4 units/8 weeks Minimum transfusion burden for enrollment “Required RBC transfusions” 8 (4-14) Median baseline transfusion burden
# units/8 weeks (range)
5 (1-20) 29% < 4 units
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ASH 2018 Abstract #463: Imetelstat Treatment Leads to Durable Transfusion Independence (TI) in RBC Transfusion-Dependent (TD), Non-Del(5q) Lower Risk MDS Relapsed/Refractory to Erythropoiesis- Stimulating Agent (ESA) Who Are Lenalidomide (LEN) and HMA Naïve; Steensma D, et.al. ASH 2018 Abstract #1: The Medalist Trial: Results of a Phase 3, Randomized, Double-Blind, Placebo-Controlled Study of Luspatercept to Treat Anemia in Patients with Very Low-, Low-, or Intermediate- Risk Myelodysplastic Syndromes (MDS) with Ring Sideroblasts (RS) Who Require Red Blood Cell (RBC) Transfusions
IMerge focused on high transfusion burden patients and open to all MDS subtypes
Results from ASH abstract
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ASH 2018 Abstract #463: Imetelstat Treatment Leads to Durable Transfusion Independence (TI) in RBC Transfusion-Dependent (TD), Non-Del(5q) Lower Risk MDS Relapsed/Refractory to Erythropoiesis- Stimulating Agent (ESA) Who Are Lenalidomide (LEN) and HMA Naïve; Steensma D, et.al.
More mature data expected in oral presentation at ASH on December 2, 2018
IMerge Target Patient Population* (n=38)
Baseline median RBC transfusion burden 8.0 units/8 weeks; range 4-14 ≥8-week RBC-TI 37% (14/38) ≥8-week RBC-TI observed across MDS subtypes RARS/RCMD-RS (RS+) 33% Other Patients (RS-) 27% ≥8-week RBC-TI consistent across baseline EPO levels EPO >500 mU/mL 33% EPO ≤500 mU/mL 32%
*Transfusion dependent patients with IPSS Low or Intermediate-1 Risk MDS, who are non-del(5q), R/R to ESAs and naïve to lenalidomide and HMA treatment
ClinicalTrials.gov (NCT02598661)
Safety
Safety profile consistent with previous imetelstat clinical trials in hematologic myeloid malignancies
gastrointestinal or constitutional symptoms and hepatic biochemistry abnormalities
modification rules)
Part 2 – Phase 3 portion
15 Imetelstat (n = ~115) 7.5mg/kg every 4 weeks Placebo (n = ~55)
erythropoietin (sEPO) >500 mU/mL
clinically needed and local guidelines Randomize (2:1) Double-blind Transfusion Dependent, Low or Intermediate-1 Risk MDS, Non-del(5q), R/R ESAs, Naïve to Lenalidomide and HMA (n = ~170) 1° Efficacy: Red Blood Cell (RBC) Transfusion Independence (TI) ≥8 weeks 2° Efficacy: RBC TI ≥24 weeks; time to and duration of RBC TI; hematologic improvement (HI); reduction in RBC burden
Current Clinical Trial Design for IMerge Part 2: Phase 3 Portion
Data from Part 1 for target patient population support moving forward with Part 2 Patient screening and enrollment planned to begin mid-year 2019*
ClinicalTrials.gov (NCT02598661)
*Timing dependent upon transfer of imetelstat investigational new drug (IND) sponsorship from Janssen to Geron.
Disease characteristics
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megakaryocytic hyperplasia leads to bone marrow fibrosis and impaired hematopoiesis
– Fibrosis thought to be induced by inflammatory
cytokines produced by megakaryocytes
clone
– Constitutional symptoms (e.g., fever, weight
loss, night sweats, pruritus) present in approximately 35% of patients also thought to be due to cytokines produced by malignant megakaryocytes
– Impaired bone marrow hematopoiesis shifts
blood production to spleen and liver (palpable splenomegaly in approximately 80% of patients)
− Leukemic transformation to AML (blast-phase
MF)
− Thrombohemorrhagic complications associated
with dysfunctional hematopoiesis
− Median survival: ~1-3 years for intermediate-2 or
high-risk disease
telomerase
Tefferi, JCO 2005; 23:8520-8530 Tefferi, Mayo Clin Proc 2012; 87:25-33 Gangat et al, JCO 2011; 29:392-397
Addressing an underserved market
Intermediate-2 or High-risk MF
MF patients in the U.S.
Cases diagnosed annually in the U.S.
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Mehta et al, Leuk Lymphoma 2014; 55:595-600 Gangat et al, JCO 2011; 29:392-397
5-year ruxolitinib discontinuation rate
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Ruxolitinib
for MF in U.S./Europe
tolerated
viewed as ineffective, especially in advanced disease
Harrison et al, ASH 2015; Gupta et al, ASCO 2016 Newberry et al, Blood 2017; 130:1125-1131 Kuykendall et al, Ann Hematol 2018; 97:435-441 Spiegel et al, Blood Advances 2017; 1:1729-1738
No approved drug for patients relapsed/refractory to ruxolitinib
Primary reasons:
Median Overall Survival is ~14-16 months
After discontinuation of ruxolitinib
Investigational Agents (e.g., imetelstat)
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Trial Population:
Key Goals:
ClincialTrials.gov (NCT02426086)
Intermediate-2 or High-risk MF R/R to JAKi treatment
Randomize (1:1)
Imetelstat 9.4 mg/kg every 3 weeks Imetelstat 4.7 mg/kg every 3 weeks Co-1° Efficacy: Spleen response rate and symptom response rate 2° Efficacy: CR, PR and CI, anemia response per 2013 IWG-MRT criteria, duration of responses,
Exploratory: Cytogenetic and molecular responses, leukemia free survival
Rigorously defined relapsed/refractory MF patients
First trial requiring patients to meet rigorous definition of relapsed/refractory to JAKi
Patient demographic highlights: 1) Considerable proportion of DIPSS high-risk MF
2) Sizeable triple negative patient population
respond well to existing therapies
3) Significant number of high molecular risk patients
ClincialTrials.gov (NCT02426086)
Eligibility criteria yields poor-prognosis MF patient population
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ASH 2018 Abstract #685: Imetelstat is Effective Treatment for Patients with Intermediate-2 or High-Risk Myelofibrosis Who Have Relapsed on or Are Refractory to Janus Kinase Inhibitor Therapy: Results of a Phase 2 Randomized Study of Two Dose Levels; Mascarhenas, J., et al.
Efficacy results – primary endpoints
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4.7 mg/kg (n=48) 9.4 mg/kg (n59) Spleen Response 0% 10% (6/59)
ASH 2018 Abstract #685: Imetelstat is Effective Treatment for Patients with Intermediate-2 or High-Risk Myelofibrosis Who Have Relapsed on or Are Refractory to Janus Kinase Inhibitor Therapy: Results of a Phase 2 Randomized Study of Two Dose Levels; Mascarhenas, J., et al.
Spleen Response: proportion of patients who achieve a ≥35% reduction in spleen volume assessed by imaging at 24 weeks in comparison to baseline Symptom Response: proportion of patients who achieve a ≥50% reduction in Total Symptom Score at 24 weeks in comparison to baseline
ClincialTrials.gov (NCT02426086)
SVR Per IRC at Week 24 Symptom Response based on TSS at Week 24
4.7 mg/kg (n=48) 9.4 mg/kg (n59) Symptom Response 6% (3/48) 32% (19/59)
Efficacy results – overall survival
Median follow-up: 22.6 mos (range: 0.2 – 27.4)
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4.7 mg/kg (n=48) 9.4 mg/kg (n59) Median Overall Survival 20 mos not reached
ASH 2018 Abstract #685: Imetelstat is Effective Treatment for Patients with Intermediate-2 or High-Risk Myelofibrosis Who Have Relapsed on or Are Refractory to Janus Kinase Inhibitor Therapy: Results of a Phase 2 Randomized Study of Two Dose Levels; Mascarhenas, J., et al.
Median Overall Survival: length of time from trial enrollment where half of the assessable patients in a group are still alive
Additional Overall Survival Analyses:
1) Improvement in OS for the 9.4 mg/kg arm does not appear to be due to post-imetelstat
intervention with either JAKi or allogeneic stem cell transplant
transplant resulted in a median OS that had still not been reached
2) Triple negative patients in the 9.4 mg/kg dosing arm showed promising overall survival despite
this subpopulation being difficult to treat using current available therapy
ClincialTrials.gov (NCT02426086)
Most Common Adverse Event on Treatment (all grades) 4.7 mg/kg (n=48) 9.4 mg/kg (n=59)
Thrombocytopenia 23% 49% Anemia 31% 44% Neutropenia NR 36% Diarrhea 38% NR Nausea 31% 34%
Safety results
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ASH 2018 Abstract #685: Imetelstat is Effective Treatment for Patients with Intermediate-2 or High-Risk Myelofibrosis Who Have Relapsed on or Are Refractory to Janus Kinase Inhibitor Therapy: Results of a Phase 2 Randomized Study of Two Dose Levels; Mascarhenas, J., et al.
Grade 3/4 4.7 mg/kg (n=48) 9.4 mg/kg (n=59)
Thrombocytopenia 29% 42% Neutropenia 13% 34%
NR: not reported in abstract ClincialTrials.gov (NCT02426086)
Safety
Safety profile consistent with previous imetelstat clinical trials in hematologic myeloid malignancies
gastrointestinal or constitutional symptoms and hepatic biochemistry abnormalities
modification rules)
Key conclusions
Clinical activity demonstrated in 9.4 mg/kg dosing arm
2018; Newberry Blood 2017)
Safety profile considered acceptable for this poor-prognosis population Data warrant further exploration in future studies Geron’s plan in MF
development in MF
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ASH 2018 Abstract #685: Imetelstat is Effective Treatment for Patients with Intermediate-2 or High-Risk Myelofibrosis Who Have Relapsed on or Are Refractory to Janus Kinase Inhibitor Therapy: Results of a Phase 2 Randomized Study of Two Dose Levels; Mascarhenas, J., et al.
More mature data from extension phase of IMbark, including updated median
December 3, 2018
ClincialTrials.gov (NCT02426086)
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Clinical Development Plans
Discussions with MF experts and regulatory authorities to determine next steps Start of first quarter 2019 Imetelstat IND transfers from Janssen to Geron Second quarter 2019 Initiate screening and enrollment for Phase 3 portion of IMerge By mid-year 2019 Outline decision regarding potential late- stage development in MF End of third quarter 2019
Data Presentations
ASH abstracts published online November 1, 2018 IMerge Phase 2 data presentation at ASH December 2, 2018 IMbark Phase 2 data presentation at ASH December 3, 2018 Analyst and investor event December 10, 2018
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