Fourth-Quarter and Full-Year 2019 Orphan and Rheumatology Segment Results slide image

Fourth-Quarter and Full-Year 2019 Orphan and Rheumatology Segment Results

Transformed Our R&D Organization to Deliver on Our Future Promise Tremendous Progress in Two Years 2018 2019 2020+ • . Built experienced R&D leadership team with deep drug development expertise; agile execution and proven track record Added leadership team with broad expertise and capabilities Experience across broad range of therapeutic areas and rare diseases • 100+ molecules developed across team . Opened new South San Francisco facility to support expanding organization Accelerated delivery on near-term transformative priorities including TEPEZZA development and improvement of KRYSTEXXA profile TEPEZZA: Accelerated development and BLA submission; 2020 FDA approval nearly 2 months before PDUFA date • KRYSTEXXA: Optimizing product profile targeting response rate • Initiated HemoShear collaboration to discover new targeted therapies for gout Maximizing and expanding pipeline of early and late stage medicines to drive sustainable growth ⚫ TEPEZZA: Evaluating additional indications, including a new program for diffuse cutaneous scleroderma • KRYSTEXXA: Continuing to optimize product • profile and convenience Growing pipeline through M&A FDA: U.S. Food and Drug Administration. BLA: Biologics License Application. PDUFA: Prescription Drug User Fee Act. HI HORIZON 9
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