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Investor Presentaiton

Etrasimod: Phase 2 Efficacy in Ulcerative Colitis (UC) . UC Efficacy Overview Randomized placebo-controlled, dose-ranging, Phase 2 study (OASIS) evaluated the efficacy and safety of etrasimod in moderate-to-severe UC patients over 12 weeks • Cross trial comparison showed improved efficacy vs. ozanimod on registration endpoints of clinical remission and endoscopic improvement • • • Similar performance was observed on secondary endpoints (clinical response, histologic remission) Competitive efficacy seen across other approved and emerging treatments in UC ⚫ Phase 3 (ELEVATE) results expected in Q1 2022 • • Ongoing GLADIATOR-UC study to provide clinical evidence for use in moderate patients (expected read- out in Q2/3 2023) Potential best-in-class efficacy for UC and Crohn's Disease Competitive potential efficacy across approved and emerging treatments 2Pfizer Inflammation & Immunology Etrasimod vs. Ozanimod in UC NEW DATA OASIS Post hoc Analysis - TOUCHSTONE Post hoc Analysis - TRUE NORTH Primary Endpoint 100% ETR OASIS Ph2 80% Clinical Remission (3-comp) Week 12 Patients Achieving 3 Component Remission 60% A=25.6; P=0.0002 40% A = 9.3; P=0.0598 30.6% 20% 15.6% 5.6% 0% Placebo (n=54) Etrasimod 1 Etrasimod 2 mg mg (n=52) (n=50) Patients Achieving 3 Component Remission 100% OZANIMOD TOUCHSTONE Ph2 Clinical Remission (3-comp) Week 8* 80%- 60% A-16.2; P=0.0068 40% A=92; P=0.1121 23.9% 20% 16.9% 7.7% 0% Placebo (n=65) Ozanimod Ozanimod 1 0.5 mg (n=65) mg (n=67) Patients Achieving 3 Component Remission 100% OZANIMOD TRUE NORTH Ph3 Clinical Remission (3-comp) Week 10 80%- 60% A 124; P<0.0001 40% 18.4% 20% 6.0% 0% Placebo (n=216) Ozanimod 1 mg (n=429) FDA Required Primary Endpoint used ELEVATE (etrasimod) and True North (ozanimod) RB=0, SF≤1 with Improvement ≥1, Endo score ≤1 OASIS Secondary Endpoint - TOUCHSTONE Secondary Endpoint - TRUE NORTH Secondary Endpoint Patients Achieving Endoscopic Improvement 100% OASIS Ph2 Endoscopic Improvement Week 12 80% 60% A 24.4; P=0.0030 A-4.1; P=0.3059 40% 22.5% 17.8% 20% 0% Placebo (n-54) 41.8% Etrasimod 1 Etrasimod 2 mg (n=52) mg (n=50) Patients Achieving Endoscopic Improvement 100% 80% 60% TOUCHSTONE Ph2 Endoscopic Improvement Week 8* A 220; P=0.0023 A 15.4; P=0.0348 40% 34.3% 27.7% 20% 12.3% 0% Placebo (n-65) Ozanimod Ozanimod 1 0.5 mg (n=65) mg (n=67) Patients Achieving Endoscopic Improvement NEW DATA 100% TRUE NORTH Ph3 Endoscopic Improvement Week 10 80% A 15.7; P<0.0001 60% 40% 20% 11.6% 27.3% 0% Placebo (n=216) Ozanimod 1 mg (n=429) Definition of Endoscopic Improvement An endoscopic subscore of ≤1 point Cross-trial comparisons, not head-to-head studies: no direct comparisons can be m Oasis study: W.J. Sandborn el al. Gastroenterology 2020;158:550-561 True North study: W.J. Sandborn el al. N Engl J Med 2021;385:1280-91 Touchstone study: W.J. Sandborn el al. N Engl J Med 2016; 374:1754-1762 10
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