Cerevel Therapeutics Holdings Inc

Cerevel Therapeutics — Corporate Update (June 2021)

22 slides from Cerevel Therapeutics's corporate update, Jun 29, 2021

  1. Slide 1: Topline Data for Phase 1b Trial of CVL-231 in Schizophrenia

    Transforming the Possible in Neuroscience Topline Data for Phase 1b Trial of CVL-231 in Schizophrenia June 2021 Exhibit 99.2

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation contains forward-looking statements that are based on management’s beliefs and assumptions and on information currently available to management. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “wo

  3. Slide 3: Agenda

    Agenda Introduction Overview CVL-231 Background and MOA Trial Design & Results Q&A All Matthew Calistri Vice President, Investor Relations Tony Coles, M.D. Chairperson & Chief Executive Officer John Renger, Ph.D. Chief Scientific Officer Raymond Sanchez, M.D. Chief Medical Officer

  4. Slide 4: Summary of Topline Results

    Summary of Topline Results Both doses of CVL-231 demonstrated clinically meaningful improvements in PANSS Total Score: 30 mg QD: -19.5 pts at week 6 20 mg BID: -17.9 pts at week 6 Statistically significant difference in PANSS Total Score versus placebo*: 30 mg QD: -12.7 pts (p=0.023) at week 6 20 mg

  5. Slide 5: Cerevel's M4 PAM is a Potential Next Generation Antipsychotic

    60% Cerevel’s M4 PAM is a Potential Next Generation Antipsychotic Side Effect and Tolerability Issues Potential First-in-Class Therapy with Novel MOA M4 Selective Targeted Muscarinic Activity Improved Tolerability Opportunity for Innovation in Schizophrenia Current Standard of Care Uses Same Mechani

  6. Slide 6: Overview & Summary of CVL-231

    Overview & Summary of CVL-231 CVL-231 is designed to be a novel once-daily treatment that selectively targets the M4 muscarinic receptor with the potential to provide antipsychotic activity while minimizing side effects

  7. Slide 7: M4 Receptor Activation Reduces Dopamine in the Striatum

    M4 Receptor Activation Reduces Dopamine in the Striatum Potential for Decreased Psychosis In the absence of Ach, dopamine output decreases, which dampens hyperdopaminergic activity in striatum Dopamine Nicotinic Receptors Originates from Ventral Tegmental Area (VTA) Dopamine Neuron Schizophrenia sym

  8. Slide 8: M4 Selectively Impacts Brain Functions

    Other Muscarinic Receptors Potential Effect M4 Muscarinic Receptor - Antipsychosis üü üü Cognition ü üü GI Side Effects - ü Cardiovascular ü M4 Selectively Impacts Brain Functions Receptor Subtype Selectivity Offers Potential Improvement Xanomeline (M1/M4) data from Schizophrenia and Alzheimer’s pat

  9. Slide 9: Trial Design & Results

    D Trial Design & Results i Care

  10. Slide 10: CVL-231 Phase 1b Trial Design

    CVL-231 Phase 1b Trial Design * Trial not designed to demonstrate statistical significance Exploratory PD Assessment Positive and Negative Syndrome Scale (PANSS)* PANSS Positive Score PANSS Negative Score Clinical Global Impression – Severity Scale (CGI-S)* Brief Assessment of Cognition in Schizophr

  11. Slide 11: Phase 1b Part B: Demographics & Baseline Characteristics

    Phase 1b Part B: Demographics & Baseline Characteristics PBO N= 27 PBO N= 27 CVL-231 30 mg QD N= 27 CVL-231 20 mg BID N= 27 All CVL-231 N= 54 Total N= 81 Demographics Age (years) at Screening: Mean (SD) 41 (9.7) 41 (9.7) 41 (8.1) 38(9.8) 40(9.0) 40(9.2) % Male: N (%) 19 (70%) 19 (70%) 23 (85%) 21 (7

  12. Slide 12: Key Pharmacodynamic Assessments

    Key Pharmacodynamic Assessments

  13. Slide 13: Pharmacodynamic Results Summary

    Pharmacodynamic Results Summary* Week 6 (Day 42) Placebo N=27 CVL-231 30 mg QD N= 27 CVL-231 20 mg BID N= 27 Combined CVL-231 N=54 PANSS Total Score LS Mean Change from Baseline -6.8 -19.5 -17.9 -18.7 Difference vs Placebo (p-value)† -12.7† p = 0.023 -11.1† p = 0.047 -11.9† p = 0.014 PANSS Positive

  14. Slide 14: Key Pharmacodynamic Endpoint – PANSS Total Score

    Key Pharmacodynamic Endpoint – PANSS Total Score 30 mg QD: 12.7 Point improvement versus placebo at Week 6 (19.5 of 30 mg QD vs 6.8 placebo) with P=0.023 20 mg BID: 11.1 Point improvement versus placebo at Week 6 (17.9 of 20 mg BID vs 6.8 placebo) with P=0.047 Combined CVL 231: 11.9 Point improvemen

  15. Slide 15: PANSS Positive Symptoms Score

    PANSS Positive Symptoms Score * P<0.05 vs Placebo ** P<0.01 vs Placebo 30 mg QD: 4.3 Point improvement versus placebo at Week 6 (6.8 of 30 mg QD vs 2.5 placebo) with P=0.016 20 mg BID: 2.4 Point improvement versus placebo at Week 6 (4.9 of 20 mg BID vs 2.5 placebo) with P=0.166 Combined CVL 231: 3.3

  16. Slide 16: PANSS Negative Symptoms Score

    PANSS Negative Symptoms Score * P<0.05 vs Placebo ** P<0.01 vs Placebo 30 mg QD: 3.1 Point improvement versus placebo at Week 6 (3.0 of 30 mg QD vs -0.1 placebo) with P=0.009 20 mg BID: 3.7 Point improvement versus placebo at Week 6 (3.6 of 20 mg BID vs -0.1 placebo) with P=0.002 Combined CVL 231: 3

  17. Slide 17: Safety & Tolerability

    D Safety & Tolerability

  18. Slide 18: Safety & Tolerability – Adverse Events

    Safety & Tolerability – Adverse Events PBO N= 27 CVL-231 30 mg QD N= 27 CVL-231 20 mg BID N= 27 All CVL-231 N= 54 Days on IMP Mean (SD) 37 (9.6) 36 (12.8) 35 (13.6) 36 (13.1) Range 8, 42 4, 42 2, 42 2, 42 Number (%) Subjects with TEAE 14 ( 52%) 14 ( 52%) 15 ( 56%) 29 ( 54%) Number (%) Subjects with

  19. Slide 19: Safety & Tolerability – Adverse Events

    Safety & Tolerability - Adverse Events PBO N= 27 CVL-231 30 mg QD N= 27 CVL-231 20 mg BID N= 27 All CVL-231 N= 54 Number (%) Subjects Headache 7 ( 26%) 8 ( 30%) 7 ( 26%) 15 ( 28%) Nausea 1 ( 4%) 2 ( 7%) 2 ( 7%) 4 ( 7%) Back pain 1 ( 4%) 2 ( 7%) 1 ( 4%) 3 ( 6%) Blood creatine phosphokinase increased

  20. Slide 20: Serious Adverse Events and AESIs

    * AESIs specified in the protocol include 1. AEs that result in the discontinuation of treatment with IMP, 2. events that satisfy the criteria for suspected Hy’s Law (ALT or AST >3 × ULN, AND serum bilirubin ≥2 × ULN, AND alkaline phosphatase <2 × ULN), 3. events of heart rate >120 bpm, and confirme

  21. Slide 21: Summary of Topline Results

    Summary of Topline Results Both doses of CVL-231 demonstrated clinically meaningful improvements in PANSS Total Score: 30 mg QD: -19.5 pts at week 6 20 mg BID: -17.9 pts at week 6 Statistically significant difference in PANSS Total Score versus placebo*: 30 mg QD: -12.7 pts (p=0.023) at week 6 20 mg

  22. Slide 22: Multiple Milestones Expected Over Next Three Years

    Multiple Milestones Expected Over Next Three Years Compound Mechanism Phase / Disease Area 2023 Estimated Trial Initiation Estimated Topline Data Darigabat Phase 1 / Anxiety GABA Darigabat Phase 21 / Epilepsy GABA CVL-231 M4 CVL-936 Phase 12 / Substance Use Disorder D3 Phase 1b / Schizophrenia CVL-8

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