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Investor Presentation

28 CDASI Activity Score - Demonstrated Clinically Meaningful Improvement in Skin A CDASI Activity Score Score, Mean ± SE 0 N -8 -10 -12 -14 -16 -18 -20 0.0 0.0 -3.7 -3.4 16 DBPC -7.8 Stable standard-of-care drugs, including immunosuppressive drugs -4.3 -2.5 -5.0 Q-7.4 -7.6 -8.0 -3.7 -5.5 0 2468 12 16 -7.5 -9.3 OFF Weeks -9.4 -12.7 04 12 -16.0 OLE Lenabasum 20 -13.8 -15.6 28 Placebo DBPC Lenabasum DBPC Lenabasum OLE Continued standard- of-care only -15.1 36 -14.8 44 -17.6 48 52 1 Week 0 DBPC CDASI activity score mean (SD) = 33.3 (9.74) for lenabasum and 35.8 (7.77) for placebo. P* = 0.09, p = 0.05, p = 0.28, p = 0.04, for lenabasum vs. placebo at Weeks 4, 8, 12, and 16, respectively, of DBPC Part A of study, MMRM, 2-sided ● Lenabasum Cutaneous Dermatomyositis Disease Activity and Severity Index (CDASI) Continued improvement in CDASI activity score during OLE • Mean improvement of 17.6 points at Week 52 84.3% of subjects achieving ≥ 10- point improvement in CDASI activity score at Week 52
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