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Corporate Presentation

Obesity/MASH Survodutide Survodutide* GCGR/GLP-1 receptor dual agonist shows best-in-class potential in MASH Phase 2 trial Phase 2 biopsy-driven trial in people with MASH¹ Participants showing improvement in MASH without worsening of fibrosis (stages F1-F3): 83.0% with survodutide vs 18.2% with placebo (p<0.0001) Statistically significant improvement in liver fibrosis with survodutide in secondary endpoint ZEAL& ZEALAND PHARMA Boehringer Ingelheim Survodutide treatment did not show unexpected safety or tolerability issues, including at the higher dose of 6.0 mg → Further development in MASH planned Full data to be presented at a scientific congress in the first half of 2024 *Survodutide is licensed to Boehringer Ingelheim from Zealand Pharma, with Boehringer solely responsible for development and commercialization globally (subject to Zealand's co-promotion rights in the Nordic countries). Source: 1) Boehringer Ingelheim press release February 26, 2024 MASH= metabolic dysfunction-associated steatohepatitis (formerly NASH=non-alcoholic steatohepatitis); CI=confidence interval; QW= once-weekly; GCG-glucagon; GLP-1-glucagon-like peptide-1 32 32
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