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Investor Presentaiton

IBI-326 (BCMA CAR-T) Development Plan Overview BCMA CAR-T with Best-in-class Profile Near NDA Stage in China • IBI-326 Differentiated Advantages Improved efficacy likely due to the lower binding affinity of BCMA CAR (facilitate serial triggering of CAR-T cell) and long-term persistence of CAR-T cells Improved persistence likely due to the humanized BCMA CAR (reduced CAR- directed immune clearance) • O ICANS IBI-326 Clinical Highlights Dose (x10 cells/kg) 01-001 01-002 1.0 1.0 01-004 1.0 01-005 3.0 * 01-007 3.0 70.6% G1-2 CRS 01-009 3.0 01-010 6.0 01-011 01-012 6.0 6.0 H 01-013 01-015 3.0 01-016 01-019 3.0 1.0 01-020 1.0 01-021 1.0 ** 01-022 1.0 01-023 1.0 01-024 1.0 Patient number Response SCR CR VGPR PR MR Stable disease PD NA Death H • Highly effective in pts with prior murine BCMA CAR-T failure • Improved safety likely due to the lower peak concentration CAR-T cells MRD *Negative * Positive 0 100 200 300 400 500 600 700 (Blood, 2021, 137: 2890-2901) Days Postinfusion IBI-326 Clinical Highlights In a phase 1 study of IBI-326 in 18 r/r MM: IBI-326 Development Program Overview r/r MM: Have been enrolling patients for the ongoing pivotal phase study of IBI-326 for r/r MM Received breakthrough therapy designation from NMPA Phase 1 study data published in Blood r/r MM: 2021 plan Plan to file rolling NDA submission of IBI-326 to the NMPA for r//r MM in end-2021 to early 2022. Clinical 100% ORR with 72% CR/SCR progress • 1 year PFS rate 58% (while in the first 2 BCMA CAR trials, bb2121 and LCAR- B38M/JNJ-4528, mPFS <1 year.) • CAR-T cell median persistence: 308d (while in the bb2121 and LCAR-B38M/JNJ- 4528, persistence <6mth) • 3/4 SCR and 4 VGPR in 4 murine BCMA CAR T-exposed pts (Blood, 2021, 137: 2890-2901). Near-NDA stage BCMA CAR-T leading development progress in China; best in class potential with impressive preliminary phase 1/2 data with rapid onset of action and long-lasting efficacy, as well as favorable safety profile. Innovent Confidential Copyright©2021 Innovent Biologics 25 25
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