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John Dobak, M.D. [email protected] 858-945-1503 10xBio, LLC 1 Dermatology Products with 505b(2) Pathway

Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

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Page 1: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

John Dobak, [email protected]

858-945-1503

10xBio, LLC 1

Dermatology Products with 505b(2) Pathway

Page 2: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} We are a biopharmaceutical company that is developing a pipeline of novel drugs with strong intellectual property based on established API.

} Our products are subject to the 505b(2) regulatory pathway providing for a streamlined development process.

} We are seeking a strategic partner for our lead clinical stage asset 10XB-101 a novel adipolytic for body contouring.

10xBio, LLC 2

Page 3: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} Transformational adipolytic drug product for local fat reduction◦ Expand adipolyitc drug therapy to broader range of body areas◦ Solves existing problems related to tolerability, dosing regimen,

and cost over currently marketed Kybella in submental area.} IND Open in 12/17

� 505b(2) regulatory pathway} Proof of concept demonstrated in abdomen

� High tolerability profile with no safety issues identified� Dose dependent adipolysis demonstrated� Patient and physician suggest clinically evident adipolytic effects� Significant dosing headroom to optimize therapy

} PH 2 ready Q3 2019 for abdominal and/or submental trial(s)

} Formulation complete with 1 year stability and accelerated aging

} 3 issued U.S. patents} Top program management in place

10xBio, LLC 3

Page 4: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} John Dobak, M.D., Executive Chairman and Founder, is currently the CEO of DermTech. Dr. Dobak has been developing medical technology for 20 years ranging from cardiovascular devices to molecular diagnostics to pharmaceutical products. Dr. Dobak Former Founder and CEO of Lithera, Inc. that developed an injectable lipolytic drug.

} Dan Piacquadio, M.D., CEO of Therapeutics, Inc., a dermatology CRO and drug development company. Dr. Piacquadio has developed numerous products through FDA approval.

10xBio, LLC 4

Page 5: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

10xBio, LLC 5

Page 6: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} Global non-invasive fat removal market estimated at $4.0BB*

} Dominated by devices} Mild effects} Multiple treatment sessions} Optimized injectable could have

much larger market than the device market◦ Ratio of injectable wrinkle treatment to

device wrinkle treatment ≈10:1

10xBio, LLC 6

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

# Pr

oced

ures

2012

2013

2014

2015

2016

2017

*Zeltiq Presentation JPM 2016, ASPS Plastic Surgery Statistics

Zeltiq Procedure Volumes

Page 7: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

Treatment Area Potential PatientsAbdomen/Flanks 12.0 MMInner Thighs 5.0 MMOuter Thighs 4.0 MMButtocks 4.0 MMArms 4.0 MMSubmentum 3.0 MMGynecomastia 0.5 MMTOTAL POTENTIAL 36.5 MM

10xBio, LLC 7

*Zeltiq-Rabin Research Report, interview of 1,076 US men and women

Page 8: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

Polidocanol STS DeoxycholateType Synthetic, non-ionic Synthetic, Ionic Biologic, IonicIndications Sclerotherapy Sclerotherapy Fat reductionInflammation Low Moderate HighPain Low Moderate HighSwelling Low Moderate HighTx Volume Large Moderate SmallIP Fat Tx 10xBio 10xBio Allergan

10xBio, LLC 8

5-12

Page 9: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

• Kybella– Sodium Deoxycholate– Ionic detergent– Lyses cell membrane– Product approved May of 2015– Marketed in Europe as BelKyra– Kybella Acquired by Allergan in

2015 for $2.1 BB

10xBio, LLC 9

DeoxycholateMolecule

52000

54000

56000

58000

60000

62000

64000

Procedures

Injection AdipolysisProcedures

2016 2017

ASPS Aesthetic Procedure Volumes, 2018

Page 10: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} High price ◦ exceeds the cost of

submental liposuction} Pain◦ Injection likened to bee sting

} Swelling◦ can last 7-10 days

} Inflammation◦ leads to extended treatment

time of 6-9 months} Limited injection volume◦ 0.2 ml limits use in other

body area indications

10xBio, LLC 10

Injection procedure

Page 11: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

Survey of Limitations For Kybella (ATX101) Use

Poster Presented at ASDS, 2018 Meeting

1. Cost (87%)2. Swelling (50%)3. Multiple Tx/Time to Effect

(43%)4. Downtime (33%)5. Pain/Discomfort (13%)

10xBio, LLC 11

Schlesinger, M.D.

Page 12: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

10xBio, LLC 12

Kybella post procedure swelling, erythema, and bruising

Small injection volume, pricing, and product packaging, limits treatment to small target areas such as submentum

or highly localized abdominal

Page 13: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

Deoxycholate is a bioactive signaling molecule and not just a natural detergent

Deoxycholate (DCA) Stimulates IL-1B release from macrophages

} Deoxycholate receptor TGR5 activates TRPA1 and neurogenic inflammation

} Recruits neutrophils and activates neutrophils

} Upregulates inflammatory mediators- MPO, PGE2, IL-6, IL-1B

10xBio, LLC 13

Front Immunol, 2016 7:536 doi: https://dx.doi.org/10.3389%2Ffimmu.2016.00536

Page 14: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} 10XB-101 (polidocanol) ◦ Demonstrates improved side effects in animals and

humans with similar adipolytic effects◦ Non-ionic detergent◦ Synthetic with no known receptor interactions◦ Approved in U.S. for sclerotherapy

} Benefits◦ Higher tolerability� Less pain, swelling, inflammation◦ Larger injection volumes= expanded treatment areas◦ Shorter treatment interval◦ Broaden indications to other body areas

10xBio, LLC 14

5-12

PolidocanolMolecule(s)

Page 15: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} Issued Patents◦ 9,351,945, Filed 10/15, term 2035- Methods of

adipose treatment using polidocanol◦ 9,844,520, Filed 4/16, term 2035- Compositions

and formulations using polidocanol◦ 9,687,455, Filed 8/15, term 2035- Methods of

adipose treatment using sodium tetradecyl sulfate} Continuations◦ 15/810,964, filed 11/17

} PCT◦ US2016/019366

10xBio, LLC 15

Page 16: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

Abdominoplasty, - up to 0.6 ml single injections, up to 30 injections, 30 day tissue harvest for pathology review

Post injection Images

} 3 concentrations tested} 3 volumes of injection tested} No Treatment Related AEs or

SAEs} Local Reactions: (redness,

swelling, pain, bruising)◦ Grade 0-2 (4 point scale)◦ Spontaneously resolved with no

treatment} Fat atrophy grade 1-2

documented in majority of patients

} Safety Labs WNL

10xBio, LLC 16

1 Hour Post Tx Dose 3 (high),

Volume 3 (high)

24 Hours Post TxDose 3, Volume 3Minimal Redness

and Edema

Page 17: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

10xBio, LLC 17

Day 1, BaselinePost Injection Acute Tolerability Cohort B

Dose 2 Dose 3 VEHPain 0/2 1/2 0/4Tenderness 0/2 1/2 0/4Erythema - Grade 1 2/2 2/2 1/4Edema - Grade 1 0/2 2/2 0/4Bruising 0/2 0/2 0/4

▶ Four point scale grading (0-none, 1-mild, 2-moderate, 3-severe)

▶ Rare mild to moderate local tolerability s/p therapy

▶ All moderate local tolerability scores resolved by Day 2, all mild resolved by Day 30

▶ No bruising, burning/sting detected at any time point

▶ No safety signal detected (AEs/SAEs)

Page 18: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

10xBio, LLC 18

Summary of All Study Visit Local Skin Reactions for Cohort B (Excluding Fat Atrophy)

Dose Concentration 0 - Absent 1 - Mild 2 - Moderate Total* n % n % n % N %

Dose 1 89 92.7 7 7.3 0 0 96 100.0 Dose 2 62 68.9 24 26.7 4 4.4 90 100.0 Vehicle 184 98.9 2 1.1 0 0 186 100.0

*Includes LSRs at Visit 2 (post injection) and Visits 3, 4, 5, 6, 7, and 8.

Summary of All Study Visit Local Skin Reactions for Cohort C (Excluding Fat Atrophy)

Dose Concentration 0 - Absent 1 - Mild 2 - Moderate Total*

n % n % n % N % Dose 1 87 90.6 7 7.3 2 2.1 96 100.0 Dose 2 67 69.8 25 26.0 4 4.2 96 100.0 Vehicle 187 97.4 5 2.6 0 0 192 100.0

*Includes LSRs at Visit 2 (post injection) and Visits 3, 4, 5, 6, 7, and 8.

Page 19: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

10xBio, LLC 19

• Starting in week 2 and maximal by Day 28• Vehicle control grade 0 at all time points

▶ Physician reported fat atrophy in 75% of patients

▶ Patient reported fat atrophy in majority of patients

▶ Surprising result in context of extreme size of abdomens enrolled in study

Findings

75%

0%0%

20%

40%

60%

80%

100%

% Pa

tient

s w

ith F

at a

trop

hy

Fat Atrophy >/= Grade 1

Treatment Vehicle

Page 20: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

Blinded evaluation: Composite = necrosis, inflammation, area, vasculopathy

Histopathology

Dose Composite Score

Dose 3 6.5Dose 2 5.1Dose 1 3.8Vehicle 0

10xBio, LLC 20*Cohort A analysis

Page 21: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} Commence Q3 2019} Single treatment, 30 injections} 3 concentrations to be tested} 3 patients per cohort

10xBio, LLC 21

Injection procedure

Page 22: Dermatology Products with 505b(2) Pathway · Piacquadiohas developed numerous products through FDA approval. 10xBio, LLC 4. 10xBio, LLC 5}Global non-invasive fat removal market estimated

} Next generation adipolytic drug product} Strong potential for improved tolerability

profile and expanded usage◦ Larger treatment volumes

} 505 (b)2 with reduced development risk, time, and cost◦ Long history of API safety

} Large market opportunity

10xBio, LLC 22