Palatin Technologies, Inc. · AMEX:PTN
Palatin Technologies — Investor Presentation (February 2024)
30 slides from Palatin Technologies's investor presentation, February 2024
Slide 1: Corporate Presentation February 2024
Palatin Technologies, Inc. NYSE American: PTN CORPORATE PRESENTATION February 2024 Carl Spana, Ph.D. Stephen T. Wills, CPA/MST President & CEO CFO / COO
Slide 2: Forward Looking Statements
Forward Looking Statements The statements in this presentation that relate to future plans, events or performance are forward-looking statements, which are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended. Such forward-looking statements involve si
Slide 3: Company Profile
Company Profile Melanocortin System Drug Development Platform Therapeutics for Inflammatory & Autoimmune Diseases, Sexual Dysfunctions & Obesity Demonstrated Expertise in the biology 1st company to gain Strategy leverages MOA with potential to expertise moving and chemistry of FDA approval for a our
Slide 4: Commercial Product and Development Programs
Commercial Product and Development Programs Commercial Product Vyleesi® (bremelanotide) Asset Sale for FSD Rights to Cosette December 2023 Up to $159 million in potential sales milestones and Hypoactive Sexual Desire Disorder $10.5 million in potential regulatory milestones Pipeline Development Prog
Slide 5: Ophthalmology MCr Programs
Ophthalmology MCr Programs Dry Eye Disease – PL9643 Glaucoma – PL9588 Retinal Diseases – PL9654
Slide 6: Ophthalmic Diseases with Unmet Medical Need: Front to Back
Ophthalmic Diseases with Unmet Medical Need: Front to Back Conjunctiva/Cornea/Ocular surface • Dry eye • Ocular surface protection Cornea endothelium • Protect donor corneas for transplantation • Improve corneal transplant survival • Protection of cornea with cataract surgery • Fuchs Dystrophy Iris/
Slide 7: Dry Eye Overview
Dry Eye Overview Dry eye disease (DED) or keratoconjunctivitis is a multifactorial disorder of the tears and ocular surface Symptoms include dryness, irritation, redness, discharge and blurred vision Inflammation plays a prominent role in the development and amplification of the signs and symptoms o
Slide 8: Patient Satisfaction is an Issue with Current Therapies
Patient Satisfaction is an Issue with Current Therapies Poor tolerability leads to high discontinuation rates Patients Receiving Rx for Dry Eye (48%)7 Response Rate Discontinuation Rate Response Rate Discontinuation Rate 68-80%1-4 Unknown 70.8% 5,6,8 64.4% 5,6,8 Burning 72% Burning 64% Slow onset of
Slide 9: PL9643 Safety & Ocular Tolerability Comparability
PL9643 Safety & Ocular Tolerability Comparability Approved Products PL9643 Phase 2 Study Phase 3 Lead-In Cases (N=160) (N=120) Restasis PL9643 Vehicle PL9643 Vehicle (N=80) (N=80) (N=60) (N=60) • Phase 2 n=160 Ocular Burning 17% 0% 0% 0% 3% Xiidra • No treatment-related serious AEs or ocular AEs Ins
Slide 10: PL9643 Phase 3 Study Design
PL9643 Phase 3 Study Design 12-week, Multicenter, 1:1 Randomized, Double-Masked, Vehicle-Controlled Adaptive Design Study Evaluate the efficacy and safety of PL9643 in up to 600 adults with moderate or severe dry eye disease defined as: Disease duration ≥ 5 years; Inferior Corneal Staining score >1;
Slide 11: Analyses Lead-In Population: Clinical Signs & Symptoms at 12 Weeks
Analyses Lead-In Population: Clinical Signs & Symptoms at 12 Weeks Clinical Signs Ocular Pain (VAS) 40.0 Conjunctival Sum 35.0 Lissamine Green… 33.1 30.0 Nasal Lissamine Green 25.0 23.4 Staining (Ora Calibra… 20.0 15.0 15.0 13.8 Total Staining Score 10.0 8.7 Lissamine Green… 5.0 2.4 P=0.0079 Inferio
Slide 12: PL9643 Topical Treatment for Dry Eye Disease
PL9643 Topical Treatment for Dry Eye Disease Emerging profile indicates PL9643 will be the best approved DED treatment Category Attribute Indication Dry Eye Disease Product Overview PL9643 is a melanocortin agonist which resolves inflammation and promotes tissue healing Safety/Ocular PL9643 Based on
Slide 13: PL9643 Dry Eye Summary Statements
PL9643 Dry Eye Summary Statements PL9643 MELODY-1 Phase 3 PL9643 differentiated Adaptive design approach: clinical trial is on track to: product profile: • Demonstrate efficacy for • Significantly mitigated risk • Potential to be primary multiple sign and • Informed primary sign & treatment option f
Slide 14: Broad Potential for Retinal Diseases
Broad Potential for Retinal Diseases Retinal disorders current drug market USD $20B, projected to be $27B by 2026 DR/DME estimated ~$10B • Palatin melanocortin agonists active in 4 pre-clinical retinal disease models* • Unprecedented versatility • Predictive of potential efficacy across human retina
Slide 15: Retinopathy – Desired Target Product Profile for Commercial Success
Retinopathy – Desired Target Product Profile for Commercial Success PL9654 Preclinical Data: Ongoing Activities: Next Steps: • Efficacy in 4 diverse preclinical animal • Expanding preclinical models • IND enabling studies models • Genomic and proteomic studies to define • Phase 1 SAD/MAD • Broad eff
Slide 16: PL9588 Treating Glaucoma & Optic Neuropathy
PL9588 Treating Glaucoma & Optic Neuropathy • Group of progressive eye diseases characterized by elevated intraocular pressure (IOP) resulting in or from ocular nerve damage • Elevated IOP results in loss of retinal ganglion cells and progressive loss of vision (open angle glaucoma), 2nd leading cau
Slide 17: PL8177 Oral for Ulcerative Colitis
PL8177 Oral for Ulcerative Colitis
Slide 18: PL8177 Oral Formulation for Ulcerative Colitis
PL8177 Oral Formulation for Ulcerative Colitis Global ulcerative colitis (UC) market USD Phase 2 study evaluating safety and efficacy $5.5 billion 2021, projected to be $8 billion of PL8177-Oral in UC patients ongoing; by 2026 interim assessment 1Q24; final data Mid-24 MC1r on colon epithelial cells
Slide 19: UC Patient Treatment Paradigm
UC Patient Treatment Paradigm Opportunity for PL8177 in UC Treatment throughout Moderate the treatment paradigm Mild UC Moderate UC Severe UC 5-ASA (LialdaTM) Low 5-ASA PL8177 failure Drug Steroids enema/ suppository Price Steroids oral Steroids infusion Treatment flow Biologics & Immuno-moderators
Slide 20: PL8177 Pre-Clinical Histological Findings (Total Colitis Index in Rats)
PL8177 Pre-Clinical Histological Findings (Total Colitis Index in Rats) Total Colitis Index o Abnormalities of mucosal architecture total colitis index o Extent of inflammation 50 ✱✱✱✱ ✱✱✱ o Erosion or ulceration total colitis index 40 o Epithelial regeneration 30 o Percentage involvement by the dis
Slide 21: PL8177-Oral Pre-Clinical Cell Analysis in Rat Ulcerative Colitis Model
PL8177-Oral Pre-Clinical Cell Analysis in Rat Ulcerative Colitis Model In a rat DSS colitis model: PL8177 preserves relative enterocyte cell population PL8177 prevents increase in relative T cell population PL8177 prevents increase in multiple inflammatory pathways Single nuclei RNAseq of rat colon
Slide 22: PL8177-205 Phase 2 Study Design & Timelines
PL8177-205 Phase 2 Study Design & Timelines Phase 2 RCT Parallel Group Study Using an Adaptive Design to Evaluate Safety, Tolerability and Efficacy 2021 2022 2023 2024 LICENSING PL8177 oral Drug PL8177-205 Product manufacturing PL8177-205 Oral UC Oral UC Study PL8177 Oral Study Part A (n=16) Part B
Slide 23: Ulcerative Colitis – Target Product Profile for Commercial Success
Ulcerative Colitis – Target Product Profile for Commercial Success PL8177 Preclinical Profile PL8177 Oral Formulation PK PL8177 Clinical • High potency at melanocortin receptors 1 • Phase 1 radiolabeled micro-dose study with the • Phase 1 clinical SAD/MAD study with the • Efficacy in multiple animal
Slide 24: Vyleesi® - FDA Approved for HSDD
Vyleesi® - FDA Approved for HSDD Developed by Palatin Acquired by Cosette (December 2023)
Slide 25: FDA Approved Vyleesi® For HSDD
FDA Approved Vyleesi® For HSDD Helping Premenopausal Women with Hypoactive Sexual Desire Disorder (HSDD) Visit: www.vyleesi.com / www.vyleesipro.com 25
Slide 26: Sale of Vyleesi to Cosette Pharmaceuticals – December 2023
Sale of Vyleesi to Cosette Pharmaceuticals – December 2023 Palatin retained rights and use of Cosette acquired Vyleesi asset and rights bremelanotide (Vyleesi) for obesity and for FSD (HSDD) male ED treatments $12 million upfront Plus, potential sales-based milestones of Based on annual net sales ra
Slide 27: Milestones Recap; Financial / Cap Table Snapshot
Milestones Recap Financial / Cap Table Snapshot
Slide 28: Milestones
Milestones Melanocortin System Development Programs Date PL9643 – Dry Eye Disease (DED) Phase 3 Melody-1 Interim Analysis / Lead-In Population Analysis Completed Phase 3 Melody-1 Topline Data 1Q2024 PL8177 Oral – Ulcerative Colitis Phase 2 Proof-of-Concept Interim Data 1Q2024 Phase 2 Proof-of-Concep
Slide 29: Financial Snapshot / Cap Table
Financial Snapshot / Cap Table Financial Highlights as of September 30, 2023 Cash, Cash Equivalents and Marketable Securities * $5.5 million Accounts Receivable $1.3 million No debt * Does not include $4.5 million of net proceeds from October 2023 Registered Direct Offering and $12.0 million upfront
Slide 30: Thank You.
Thank You. & PALATIN
Palatin Technologies — Investor Presentation (February 2024) on 6ix