Novavax, Inc. · NASDAQ:NVAX

Novavax — Investor Day (July 2017)

49 slides from Novavax's investor day presentation, Jul 24, 2017

  1. Slide 1: Positive Topline Data from Phase 2 Older Adult Trial and Path Forward for RSV F Vaccine Programs

    Positive Topline Data from Phase ` 2 Older Adult Trial and Path Forward for RSV F Vaccine Programs Investor Slide Deck July 24, 2017

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement Certain information, particularly information relating to future performance and other business matters, including expectations regarding clinical development, market opportunities and anticipated milestones constitute forward- looking statements within the meaning of the Priva

  3. Slide 3: Agenda

    Agenda Introduction Stanley C. Erck President and CEO RSV F Vaccine for Older Adults Gregory M. Glenn, M.D. • Review of findings and clinical results President, Research and Development • Path forward Louis Fries, III, M.D. SVP, Chief Medical Officer RSV F Vaccine for Infants via Gregory M. Glenn, M

  4. Slide 4: Thorough Review of Data from Older Adult Program Supports Continued Clinical Development

    Thorough Review of Data from Older Adult Program Supports Continued Clinical Development We have learned: • RSV F Vaccine demonstrated evidence of efficacy in several trials • OA Phase 2 • Including in follow-up trial with repeat dosing over 2 seasons • IVM Program (2 seasons) • Primate Challenge Tr

  5. Slide 5: RSV Vaccine Development Remains a Core Strength of Novavax

    RSV Vaccine Development Remains a Core Strength of Novavax We remain the leader in RSV Vaccination Older Adults • Expect to conduct Phase 2 efficacy trial in higher risk groups, including COPD • COPD represents a very large market opportunity • Expand into all older adults Infants via Maternal Immun

  6. Slide 6: Significant Developments in Influenza Program Support Entry into First Clinical Trial This Quarter

    Significant Developments in Influenza Program Support Entry into First Clinical Trial This Quarter • Important new data in a challenge study comparing our candidate with Sanofi’s High Dose flu vaccine • Leading to a first clinical trial with our Matrix-M ™ adjuvanted recombinant nanoparticle flu vac

  7. Slide 7: RSV Vaccine Construct Update

    RSV Vaccine Construct ` Update Gregory M. Glenn, M.D.

  8. Slide 8: The Novavax RSV F Vaccine Development Path

    The Novavax RSV F Vaccine Development Path Clinical Vaccinology Approach: Following compelling clinical evidence to move to Phase 3 Clinical Signals: Stable RSV F Vaccine in Animal Model RSV-101: 1st Clinical Trial Pali, Mota, PFP, Infectious Immunity • Cotton rats protected from RSV (POC) • PCA and

  9. Slide 9: Review of RSV F Vaccine Clinical Development Program for Older Adults

    Review of RSV F Vaccine Clinical Development Program for Older Adults 2014/2015 2015/2016 2016/2017 E-201 E-202 E-205 Safety & Efficacy Repeat Dosing Adjuvant/Formulation E-301 (Resolve) Pivotal Efficacy 9

  10. Slide 10: Outline of Findings

    Outline of Findings RSV F Vaccine Construct • New insights into the vaccine responses confirm its potency • Preclinical and clinical data confirm its potential for protection Dosing and Adjuvantation (E-205) • Adjuvants and/or 2 dose regimens significantly improve multiple important measures of immu

  11. Slide 11: F Protein Structure Evolves During Infection

    F Protein Structure Evolves During Infection RSV Entry into Host Cells and the Fusion (F) Protein Processing Leads to an Activated F Protein, Membrane Fusion and Delivery of RSV RNA into the Cytoplasm RSV Macropinocytes RSV F cleavage RSV F virus–cell membrane fusion RSV RNA Prefusogenic F Prefusion

  12. Slide 12: F Protein States Found in Nature: The Novavax RSV Vaccine is Similar to the Prefusogenic F

    F Protein States Found in Nature: The Novavax RSV Vaccine is Similar to the Prefusogenic F S RSV F0 P F2 p27 FP F1 TM Pre-fusogenic F2 p27 FP F1 TM Prefusion & F2 FP F1 TM Postfusion Novavax’ F2 p27 FP FP F1 TM RSV Vaccine1 Deletions = Furin Cleavage sites 12 1Smith G et al. PLoS ONE. 2012;7(11):e50

  13. Slide 13: All RSV F Vaccine Constructs are "Like" Constructs

    All RSV F Vaccine Constructs are “Like” Constructs Novavax Stable Prefusogenic Vaccine F2 p27 FP F1 TM 574 Prefusion (NIH DS-Cav1) S155C S190F V207L S290C F2 FP F1 FF 513 Postfusion (NIH sF) F2 FP F1 513 13

  14. Slide 14: Our Vaccine Construct is a Stable Prefusogenic RSV F Nanoparticle

    Our Vaccine Construct is a Stable Prefusogenic RSV F Nanoparticle RSV F Vaccine Structure  Prefusogenic F protein trimers  40nm protein/detergent nanoparticles  Highly stable – resists denaturation and aggregation  Phase 3 manufacturing process appropriate for commercialization RSV F Vaccine Act

  15. Slide 15: Preclinical and Clinical Evidence of Vaccine Efficacy

    Preclinical and Clinical Evidence of Vaccine Efficacy • Cotton rat protection against virus challenge including mutants that are resistant to mAb-induced resistant strains1,2 • Protection against challenge of infant baboons born to immunized mothers3 • Prevention of infection in young women in two s

  16. Slide 16: Key References

    Key References No. References Links 1 Smith G et al. PLoS ONE. 2012;7(11):e50852. PubMed 2 Raghunandan R et al. Vaccine. 2014;32(48):6485-92. PubMed Welliver R Sr. et al. Poster presented at: 54th 3 Interscience Conference on Antimicrobial Agents and Presentation Chemotherapy; Sept 2014; Washington,

  17. Slide 17: E-205: Design and Results

    ` E-205: Design and Results Lou Fries III, M.D.

  18. Slide 18: E-205 Evaluation of Adjuvants and Dose Regimens with RSV F Vaccine

    E-205 Evaluation of Adjuvants and Dose Regimens with RSV F Vaccine  Trial initiated in Jan 2017 in Australia When  Topline serology data through Day 119 now available for most parameters (Day 56 for RSV MN)  300 healthy older adults Design  Randomized, observer-blinded, placebo-controlled, evalu

  19. Slide 19: Why Pursue a Quantitatively Better Immune Response?

    Why Pursue a Quantitatively Better Immune Response? Day 28 Distribution of RSV MN Titers in E-301 Vaccinees with and Without RSV ARD* Broken line = Solid line = Subjects with RSV disease Matched controls without RSV disease Log2 RSV MN Titer Study participants without RSV disease had higher titers o

  20. Slide 20: E-205 Treatment Groups

    E-205 Treatment Groups Study Day Day 0 Day 21 Treatment Subjects RSV F Aluminum Matrix- RSV F Aluminum Matrix- Group Per Group Dose Dose M1 Dose Dose Dose M1 Dose A 25 135 µg 0 0 0 0 0 B 25 95 µg 0.3 mg 0 0 0 0 C 25 95 µg 0.3 mg 0 95 µg 0.3 mg 0 D 25 120 µg 0.4 mg 0 0 0 0 E 25 120 µg 0.4 mg 0 120 µg

  21. Slide 21: Kinetics of Anti-F IgG in Representative Groups

    Kinetics of Anti-F IgG in Representative Groups: Adjuvant Effect, 2nd Dose Effect and Durability of Responses Enhanced Fold Rises in Anti-F IgG 14 12 Geometric Mean Rise from Day 0 (95%CI) 10 135µg F x 1 8 135µg F + MxM x 1 135µg F + MxM x 2 6 p <0.0001 p = 0.0099 4 2 0 0 20 40 60 80 100 120 140 Stu

  22. Slide 22: Kinetics of PCA in Representative Groups

    Kinetics of PCA in Representative Groups: Adjuvant Effect, 2nd Dose Effect and Durability of Responses Enhanced Fold Rises in PCA 12 10 Geometric Mean Rise from Day 0 (95% CI) 135µg F x 1 8 135µg F + MxM x 1 135µg F + MxM x 2 p <0.0001 6 p = 0.004 4 2 0 0 20 40 60 80 100 120 140 Study Days from Dose

  23. Slide 23: Enhancement of Neutralizing Antibody Responses

    Enhancement of Neutralizing Antibody Responses Induction of Antibodies to Prefusion Epitopes E-205: Day 56 serum 800 800 R S V F c o m p e titiv e m A b s e r u m (µ g /m l) S ite φ D 2 5 S ite V III h R S V 9 0 600 600 S ite IIb M o ta v iz u m a b G M T R S V M N S ite IV N V X 1 .4 2 400 400 R S

  24. Slide 24: Enhancement of Antibody Avidity by Adjuvanted Regimens

    Enhancement of Antibody Avidity by Adjuvanted Regimens Avidity Maturation of Site II Antibodies 100% 90% 80% 70% Site II antibodies Koff Percentage of Subjects 60% <10^0 to -1 <10^-1 to -2 50% <10^-2 to -3 <10^-3 to -4 40% < 10^-4 to -5 30% < 10^-5 20% 10% 0% day 0 day 21 day 56 day 0 day 21 day 56

  25. Slide 25: F Protein-specific Memory B Cell ELISpot Responses are Strong with All Formulations

    F Protein-specific Memory B Cell ELISpot Responses are Strong with All Formulations Counts of Memory B Cells Specific for RSV F per 106 PBMC at Day 28 1600 Mean (SEM) Counts of Memory B cells Specific for RSV F Day Day Treatment Doses 1400 0 28 1200 Placebo 2 68 48 1000 135µg F 1 52 630 800 120µg F

  26. Slide 26: Matrix-M Adjuvantation Enhances Triple Cytokine Positive RSV F-specific CD4+ Responses

    Matrix-M Adjuvantation Enhances Triple Cytokine Positive RSV F-specific CD4+ Responses CD4+ T Cell Responses by Intracellular Staining CD4+ T cells Producing IFNγ, TNFα, and IL-2 After Stimulation with RSV F Peptide Pools 0.7 Day Day Mean % (SEM) of Peripheral CD4+ T cells Producing Three Treatment

  27. Slide 27: E-205 Conclusions

    E-205 Conclusions Adjuvant effects • The adjuvants meaningfully increased immunity in measures shown to decrease infection and measures generally associated with effective immunity • Anti-F and PCA • MN titers • Avidity of antibodies to neutralizing epitopes • Memory B cell and CD4+ T cells specific

  28. Slide 28: Evidence Base for RSV F Vaccine in Older Adults

    Evidence Base for RSV F` Vaccine in Older Adults Lou Fries III, M.D.

  29. Slide 29: Hypothesis for Outcomes: Susceptibility

    Hypothesis for Outcomes 2014-2015 2015-2016 Attack Rates E-201 Lower in 2015/16 on basis E-301 RSV OA RSV ARD 4.9% of trial data; confirmed by 2.0% RSV msLRTD 1.8% external data 0.4% Circulation Similar on basis of RSV RSVAlert® data Susceptibility E-201 Lower in 2015/16 on basis E-301 RSV MN-B (GMT

  30. Slide 30: Baseline RSV Immunity in E-201 and E-301

    Baseline RSV Immunity in E-201 and E-301 RSV MN Titer Distributions at Baseline 0.3 0.25 0.2 Proportion of Population E-201 E-301 0.15 0.1 0.05 0 </=3 >3 to 4 >4 to 5 >5 to 6 >6 to 7 >7 to 8 >8 to 9 >9 to 10 >10 to 11 >11 to 12 >12 to 13 >13 to 14 >14 Log2 RSV MN Titers 30

  31. Slide 31: Hypothesis for Outcomes: Susceptibility and Vaccine Efficacy

    Hypothesis for Outcomes 2014-2015 2015-2016 Attack Rates E-201 Lower in 2015/16 on basis E-301 RSV OA RSV ARD 4.9% of trial data; confirmed by 2.0% RSV msLRTD 1.8% external data 0.4% Circulation Similar on basis of RSV RSVAlert® data Susceptibility E-201 Lower in 2015/16 on basis E-301 RSV MN-B (GMT

  32. Slide 32: Flu Examples of Attack Rate Effects

    Flu Examples of Attack Rate Effects Series Author Year Placebo Circulating Strain(s) Case Efficacy Attack Rate Match to Vaccine Defined by: 1 Ohmit et al1 2004-5 7.8% Drifted Culture or 75% PCR (42, 90) Ohmit et al2 2005-6 1.8% Good match 16% (-171,70) Monto et al3 2007-8 10.8% Low level drift 68% (

  33. Slide 33: More Susceptible Populations May Provide a Window to Show Efficacy

    More Susceptible Populations May Provide a Window to Show Efficacy • Even in a season characterized by low population susceptibility/high population immunity, there are individuals or subsets of individuals who succumb to infection and/or complications of infection because of heightened susceptibili

  34. Slide 34: Impact of Vaccine on COPD Exacerbations

    Impact of Vaccine on COPD Exacerbations Post-hoc Analyses of Hospitalizations for All Cause COPD Exacerbations in E-201 and E-301 Data from the Safety Database E301 Day 0-182 Placebo Vaccine VE% 95% CI p value COPD hospitalization rate in all 23/5935 (0.39%) 9/5921 (0.15%) 60.8% 15.2—81.9 0.017 subj

  35. Slide 35: COPD Hospitalizations in E-301

    COPD Hospitalizations in E-301 All-Cause COPD Exacerbation Hospitalization-Free Survival in E-301 1 Proportion of Population Free of COPD 0.9995 0.999 0.9985 Exacerbation 0.998 0.9975 Active 0.997 Placebo 0.9965 0.996 0.9955 0.995 0 50 100 150 200 250 300 350 Days From Treatment 35

  36. Slide 36: Summary

    Summary Vaccine Construct • Characterization has confirmed that our stable prefusogenic RSV-F protein is a highly potent immunogen that elicits broadly neutralizing antibodies to multiple epitopes Adjuvant Formulation and Regimen • The adjuvants and dose regimens significantly increased the magnitud

  37. Slide 37: Phase 3 Study: Infants via Maternal Immunization

    Phase` 3 Study: Infants via Maternal Immunization Gregory M. Glenn, M.D.

  38. Slide 38: Novavax Phase 3 RSV F Vaccine For Infants Via Maternal Immunization Addresses Significant Unmet Medical Need

    Novavax Phase 3 RSV F Vaccine For Infants Via Maternal Immunization Addresses Significant Unmet Medical Need • RSV is the most common cause of lower respiratory tract infections among young • RSV is largely a disease of healthy, full-term children in the United States and worldwide1 infants • RSV is

  39. Slide 39: Policy Advances in Support of Maternal Immunization

    Policy Advances in Support of Maternal Immunization Vaccine Injury Compensation Program (VICP) Amendment in 21st Century Cures Act: As of December 13, 2016, program covers “both a woman who received a covered vaccine while pregnant and any child who was in utero” under government no-fault insurance

  40. Slide 40: Novavax Has Conducted a Number of Phase 2 Trials with RSV F Vaccine

    Novavax Has Conducted a Number of Phase 2 Trials with RSV F Vaccine Non-pregnant women • Safety and immunogenicity confirmed in dose selection trials • Demonstration of ~50% reduction of RSV infections in vaccine groups in two trials in two separate seasons Pregnant women • Vaccine was well-tolerate

  41. Slide 41: Phase 3 RSV F Vaccine for Infants via Maternal Trial: Goals and Design

    Phase 3 RSV F Vaccine for Infants via Maternal Trial: Goals and Design Primary Determine the efficacy of maternal immunization with the RSV F Objective vaccine against symptomatic RSV lower respiratory tract infection (LRTI) with objective measures of medical significance of LRTI from 90-180 days of

  42. Slide 42: The Phase 3 "Prepare Trial" has Entered its Third Year

    The Phase 3 “Prepare Trial” has Entered its Third Year Global Infrastructure has been established to drive enrollment and surveillance Recruitment and surveillance are going well and indicate trial feasibility Global Season 1: 16 sites in 5 countries Global Season 2: 46 sites in 7 countries Global S

  43. Slide 43: Closing Remarks Question/Answer

    Closing Remarks ` Question/Answer Stanley C. Erck

  44. Slide 44: Summary

    Summary Vaccine Construct • Characterization has confirmed that our stable prefusogenic RSV-F protein is a highly potent immunogen that elicits broadly neutralizing antibodies to multiple epitopes Adjuvant Formulation and Regimen • The adjuvants and dose regimens significantly increased the magnitud

  45. Slide 45: Summary of COPD Opportunity

    Summary of COPD Opportunity • Efficacy of Novavax’ RSV F vaccine on COPD exacerbations observed in E-301, and retrospectively confirmed in E-201 • COPD represents an at-risk population for RSV disease • A significant market opportunity exists with COPD, ~ $1.5 billion globally Prevention of acute ex

  46. Slide 46: RSV Burden of Disease in Infants ≤6 Months of Age

    RSV Burden of Disease in Infants ≤6 Months of Age ~3.9M Pregnant Women Eligible For Vaccination1 ~3.6M Babies in Applicable Birth Cohort2* RSV Infections 68.8/100 infant-years ≈ 1,915,682 1,915,682 (in 2015)3,* Pediatric Outpatient pediatric practice, annual visits4,* Outpatient Visits 262,531 Incid

  47. Slide 47: NVAX RSV F Vaccine Franchise is On Track for Success

    Summary NVAX RSV F Vaccine Franchise for Both Older Adults (OA) and Infants via Maternal (IVM) is On Track for Success • NVAX to initiate Phase 2 efficacy trial in OA in 2018 • Pivotal efficacy trial for IVM on target • Informational analysis expected by year-end • Interim analysis expected to be tr

  48. Slide 48: Questions?

    Questions? NOVAVAX 48 Creating Tomorrow's Vaccines Today

  49. Slide 49: Creating Tomorrow's Vaccines Today

    Creating Tomorre uber ANC = arn Www.novavax.com P|

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