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1 Molecular Partners: Novel Therapeutic Designs Applied Corporate Presentation Molecular Partners AG, Switzerland (SIX: MOLN) April 22, 2020

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Page 1: Molecular Partners/media/... · 4/22/2020  · Pipeline Progress Abicipar first true 12-week dosed anti-VEGF in wAMD; BLA of accepted for review summer 2019 MP0250 focused on MM with

1

Molecular Partners:

Novel Therapeutic Designs Applied

Corporate Presentation

Molecular Partners AG, Switzerland (SIX: MOLN)

April 22, 2020

Page 2: Molecular Partners/media/... · 4/22/2020  · Pipeline Progress Abicipar first true 12-week dosed anti-VEGF in wAMD; BLA of accepted for review summer 2019 MP0250 focused on MM with

2

This presentation is not an offer to sell or a solicitation of offers to purchase or subscribe for shares of Molecular Partners AG, nor shall it or any part of it nor the fact of its

distribution form the basis of, or be relied on in connection with, any contract or investment decision. This presentation is not an offering circular within the meaning of Article 652a

of the Swiss Code of Obligations, nor is it a listing prospectus as defined in the listing rules of the SIX Swiss Exchange AG or a prospectus under any other applicable laws. Copies

of this presentation may not be sent to countries, or distributed in or sent from countries, in which this is barred or prohibited by law. This document is not a prospectus or a

prospectus equivalent document and investors should not subscribe for or purchase any securities referred to in this document. This document does not constitute a

recommendation regarding the shares.

This presentation contains specific forward-looking statements, beliefs or opinions, including statements with respect to the product pipelines, potential benefits of product

candidates and objectives, estimated market sizes and opportunities as well as the milestone potential under existing collaboration agreements, which are based on current beliefs,

expectations and projections about future events, e.g. statements including terms like “potential”, “believe”, “assume”, “expect”, “forecast”, “project”, “may”, “could”, “might”, “will” or

similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence

between the actual results, financial situation, development or performance of Molecular Partners AG and investments and those explicitly or implicitly presumed in these

statements. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these statements and forecasts.

Past performance of Molecular Partners AG cannot be relied on as a guide to future performance. Forward-looking statements speak only as of the date of this presentation and

Molecular Partners AG, its directors, officers, employees, agents, counsel and advisers expressly disclaim any obligations or undertaking to release any update of, or revisions to,

any forward looking statements in this presentation. No statement in this document or any related materials or given at this presentation is intended as a profit forecast or a profit

estimate and no statement in this document or any related materials or given at this presentation should be interpreted to mean that earnings per share for the current or future

financial periods would necessarily match or exceed historical published earnings per share. As a result, you are cautioned not to place any undue reliance on such forward-

looking statements.

Unless stated otherwise the information provided in this presentation are based on company information. This presentation is intended to provide a general overview of Molecular

Partners AG’s business and does not purport to deal with all aspects and details regarding Molecular Partners AG. Accordingly, neither Molecular Partners AG nor any of its

directors, officers, employees, agents, counsel or advisers nor any other person makes any representation or warranty, express or implied, as to, and accordingly no reliance

should be placed on, the accuracy or completeness of the information contained in the presentation or of the views given or implied. Neither Molecular Partners AG nor any of its

directors, officers, employees, agents, counsel or advisers nor any other person shall have any liability whatsoever for any errors or omissions or any loss howsoever arising,

directly or indirectly, from any use of this information or its contents or otherwise arising in connection therewith.

The material contained in this presentation reflects current legislation and the business and financial affairs of Molecular Partners AG which are subject to change and audit.

Disclaimer

Page 3: Molecular Partners/media/... · 4/22/2020  · Pipeline Progress Abicipar first true 12-week dosed anti-VEGF in wAMD; BLA of accepted for review summer 2019 MP0250 focused on MM with

3 DARPin® is a registered trademark owned by Molecular Partners AG

Page 4: Molecular Partners/media/... · 4/22/2020  · Pipeline Progress Abicipar first true 12-week dosed anti-VEGF in wAMD; BLA of accepted for review summer 2019 MP0250 focused on MM with

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Molecular Partners in Brief

Strengthened Team

Nicolas Leupin joined as CMO from

Argenx

Three newly nominated board members

Vito Palombella, CSO Surface Oncology

Michael Vasconcellas, CMO Flatiron

Sandip Kapadia, CFO Intercept Rx

Pipeline Progress

Abicipar first true 12-week dosed anti-

VEGF in wAMD; BLA of accepted for

review summer 2019

MP0250 focused on MM with activity in

patients that did not benefit from other

treatments

AMG 506 (FAPx41BB): first tumor-

localized immune agonist progressing in

Phase 1

New development candidate, MP0317

(FAPxCD40), added to pipeline

First DARPin® candidates binding peptide-

MHC passed specificity threshold

Flexible Business Model

Allergan collaboration on

Abicipar: USD 360m in potential

MS; DD royalties to mid-teens

Partnership with Amgen to co-

develop MP0310 – USD 497m in

potential MS; DD royalties to high-

teens

Well financed through mid-2021,

on-track towards recurring

income with expected abicipar

launch in 2020 by Allergan

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Key Advantages of Molecular Partners

Validated source of

DARPin® Candidates

Novel Therapeutic Designs

1. Tumor-local immune agonists

2. pMHC targeting platform

3. Next Gen T-cell engagers

Strong team committed

to deliver patient value

Flexible business model to

maximize product value

Advanced and balanced

Clinical Development

Portfolio

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Abicipar: Ophthalmic validation

– Demonstrated safety and activity in >1,500 patients

– Manufacturing at commercial scale established

– Regulatory applications accepted by FDA and EMA

MP0250: Systemic validation

– Long half-life (HSA DARPin binder, 12 day half-life)

– Low immunogenicity

– Proof of multi-DARPin® potential to engage with multiple

targets simultaneously

Novel Therapeutic Designs (NTD)

– Phase 1 enrolling for AMG 506

DARPin® Platform: A Validated Source for Drug Candidates

DARPin® module selection

DARPin® Library with

1012 modules

Target(s)

Identified DARPin® modules

with high target affinity

15 kDa

150 kDa

SCALE

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Differentiated Products by Therapeutic Design

Rigid-body target binding

• Small size: 15 kDa

• Simple repetitive architecture: 1 polypeptide

• High affinity and specificity

• Tunable half-life

DARPin® Features

DARPin® domain

Multi-DARPin® formatting

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Biotech / Pharma

Partnership

Academic Collaborations

Fully-ownedassets

Investment in proprietary pipeline to bring DARPin® candidates forward

Engage in collaborations to maximize product candidate value

– Academic & industry collaborations to access biology capabilities

– Allergan is advancing abicipar in ophthalmology

– Collaboration with Amgen to co-develop MP0310

Cross-funding of pipeline via partnered assets

– AGN: USD 360m in potential MS & DD royalties to mid-teens

– AMG: USD 50m upfront payment, USD 497m in potential MS & DD royalties to high-teens

Flexible Business Model to Maximize Product Value

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A Balanced and Robust Portfolio

Research/Pre-clinical

Phase 1 Phase 2 Phase 3Commercial

Rights

Mu

ltis

pe

cific

DA

RP

in®

ca

nd

ida

tes

Ophth

alm

olo

gy

Product

CandidatesIndication/

Target

MP0250 Multiple Myeloma, PI combo

MP0274 HER2+ tumors

No

ve

l T

he

rap

eu

tic

De

sig

ns

Additional proprietary

DARPin® candidatesVarious

in I/O

abicipar Neovascular AMD

abicipar DME

Additional

DARPin® candidates

Various in

Ophthalmology

MP0310 / AMG 506 FAP x 4-1BB

FAP x CD-40

Peptide – MHC

MP0317

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Abicipar has Potential to be First Fixed 12 Week anti-VEGF

Source: Allergan presentation, 06 Dec 2018, VA visual acuity, OCT optical coherence tomography

Status: Two positive phase 3 studies demonstrating once every 12 week

dosing provides vision improvement for patients with nAMD

• Presently on file with FDA and EMA (PDUFA mid-2020). Total of USD 360m

in potential future milestones. Tiered royalties: Low double-digit to mid-teens

MoA: Abicipar is the only long-acting anti-VEGF and has shown to be the first

fixed 12-week nAMD drug, lowering patient burden given full effectiveness in

real world setting

Optimization: MAPLE study highlights improved AE profile with optimized

manufacturing process (lower incidence of inflammation)

Allergan plans to initiate DME Phase 3 in 2020

VEGF

DARPin®

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Real-World Evidence Shows Patients Aren’t Achieving the Vision Gains Seen in Clinical Trials

References: 1. Brown DM, et al. Ophthalmology. 2009;116:57–65. 2. Rosenfeld PJ, et al. N Engl J Med. 2006;355:1419–1431. 3. Heier JS, et al. Ophthalmology. 2012;119:2537–2548. 4. Wykoff CC, et al. Ophthalmology. 2015;122:2514–2522. 5. Kertes PJ, et al. EURETINA 2017. 6. Silva R, et al. Ophthalmology. 2018;125:57–65. 7. Berg K, et al. Ophthalmology. 2015;122:146-152. 8. DeCroos FC, et al. Am J Ophthalmol. 2017;180:142-150. 9. Wai et al. Am J Ophthalmic Clin Trials. 2018;1:1-6. 10. Gillies MC, et al. Ophthalmology. 2016;123:2545–53. 11. Holz FG, et al. EURETINA 2017; Oral presentation. 12. Holz FG, et al. Br J Ophthalmol. 2015;99:220–6. 13. Writing Committee for the UK Age-Related Macular Degeneration EMR Users Group. Ophthalmology. 2014;121:1092–101. 14. Kim LN, et al. Retina. 2016;36:1418–31. 15. Treatment patterns & outcomes during 12-months of nAMD Management in Real-World clinical practice, Charles Wykoff 16. American Society of Retina Specialists Preferences and Trends (PAT) Survey.

Clinical trials

Real world

PIVOTAL Trials8/12 Injections (MEAN)

Treat & Extend Trials7-10 Injections (MEAN)

Real-World8 Injections (MEAN)

Treat & Extend Trials≤6 Injections (MEAN)

43% of patients undertreated with 5 or fewer injections/year15

7.2-11.3 letter gain1-3

6.2-9.0 letter gain4-9

2.0-3.1letter gain11-14

3.9-4.8 letter gain10

Long-acting / sustained delivery

56%

Reduced Treatment Burden

73%

When treating nAMD patients,

RSs are still looking for:

Ref 16

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Phase 3 Efficacy Results (SEQUOIA study, 1yr data)

Source: Allergan July, 2018 and October 2018

Primary Endpoint: STABLE VISION Abicipar

Q8 and Q12 Non-Inferior to Ranibizumab Q4

Secondary Endpoint: Change in BCVA From Baseline Abicipar

Q8 and Q12 in SEQUOIA Non-Inferior to Ranibizumab

Secondary Endpoint: Change in CRT similar across in all

groups

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MP0250: Our First Multi-DARPin® Product Candidate

SOC, standard of care; HSA, human serum albumin.

MP0250 is a first-in-class, tri-specific multi-DARPin® drug candidate

neutralizing VEGF-A and HGF while binding to human serum albumin to

increase plasma half-life.

The unique mechanism of action of MP0250 represents a new

approach to targeting the tumor microenvironment and increase

patients’ responses to already approved therapies for multiple myeloma.

Blocking these adaptive escape pathways may restore clinical

sensitivity to SOC

Status: Phase 2 in multiple myeloma. Granted Orphan Drug

Designation in December 2019.

VEGF

DARPin®HGF

DARPin®

HSA

DARPin®

HSA

DARPin®

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Upregulation of

c-MET signalling

associated with

resistance to SOC

MP0250 Disrupts two Hallmarks of Cancer: Neo-angiogenesis and Resistance to both Immune and Drug Therapies

HGF/cMET

Highly specific

inhibition via anti-

VEGF DARPin®

module

VEGF/VEGFR2

drug resistance& metastasis

angiogenesis

inhibition of both pathways

offers potential to overcome

deficiencies seen with

monotherapies targeting

VEGF or HGF alone

Two binding domains

against Human Serum

Albumin assures half-

life that allows for

convenient IV dosing

every 2-3 weeks

HSA

MP0250

engineeredhalf-life

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Illustrative course of disease of a MM patient*

* adapted from: Hajek, R. Strategies for the Treatment of Multiple Myeloma in 2013: Moving Toward

the Cure. In “Multiple Myeloma: A Quick Reflection on the Fast Progress” (2013).

MP0250

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Paradigm Shift from “Chasing Clones” to Tackling Underlying Disease

MM cells

BMSC + MDS

sinusoid vasculater

bloodvessel

CAF

T-cellangiogenesisinhibition

VASCULAR NICHE OSTEOBLAST NICHE

osteoclasts

osteocytes

osteoblasts

BONE MARROW

HGF

VEGF

VEGF

VEGFVEGF

HGF

HGF

HGF

HGF

HGF

HGF

HGF

HGF

HGF

Angiogenesis1 Tumor growth3 Bone formation and

homeostasis2

1. Ria et al., 2011; Ferrucci et al., 2014

2. Xu et al., 2018; Toscani et al. 2015; Ghorial et al., 2018; Wang et al., 2019

3. Nass & Efferth, 2018; Palumbo et al., 2011; Rampa et al., 2014; Gotwals et al. 2017

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MP0250: Durable & Deep Responses in Diverse MM Phenotypes

MP assessment based on IMWG criteria data cut-off Sep 2019;

Update presented at ASH 2019

MP0250 plus VD(n=20)

• Heavily pretreated patients, representative of typical

RRMM population; median of 4 prior lines (n=20)

• Responses in patients who had never responded

• 4/6 patients coming directly from Dara had clinical

benefit (incl. 4/5 Dara-refractory patients)

• 3/7 patients with 1q gain (poor outcome cytogenetics)

had clinical benefit, 2 responded well

• Patients with 17p deletion progressed quickly

CP-201 trial: MP0250 in combination with

bor/dex in R/RMM patients

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MP0250: Deep and Durable Responses

> 26 months

as presented at ASH 2019

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Despite good antibody-based HER2+ treatments, eventually patients

progress

Novel mode of action: MP0274 is an allosteric inhibitor blocking HER2-

and HER3-signaling and inducing apoptosis

Dose escalation of Phase 1 trial in HER2 positive tumor patients that

have progressed on SOC

Phase 1 trial in Europe: First patients dosed at level of 8mg/kg ongoing

Further updates on safety profile and clinical plans expected in H1 2020

MP0274: Killing HER2+ Cells by New MoA

HER2

DARPin® A

HER2

DARPin® B

HSA

DARPin®

HSA

DARPin®

MP0274 Bi-paratopic

DARPin® candidate

• MP0274 locks HER2

in a fully inactive

conformation and acts

as broad allosteric

inhibitor

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Novel Therapeutic Designs – Our Approach

Novel Therapeutic Designs • Local (super) activity

• Minimal systemic toxicity

Classical Antibodies & SMEs • Systemic activity

• Dose-limiting toxicitiesTumor-localized

immune cell

activation

Next-generation T-cell engagers

Targeting peptide MHC complexes, historically “inaccessible” targets

pMHC

Tumor

cellsactivated

immune cell

resting

immune-cell

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AMG 506 (FAP x 4-1BB): Activating T cells in the Tumor

HSA, human serum albumin.

4-1BB FAP HSAIllustrative graphic

AMG 506

DARPin® modules

Immune modulator Localizer Half-life extender

+ +

Human FAP, DAPI

FAP expression in

human tumor sections

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Intratumoral CD8 T cells

Combined Therapy with AMG 506 and TAA x CD3 Bi-Specific

Results in Significant Increase of Intratumoral CD8+ T Cells

FAP-Mediated Tumor

Accumulation of AMG 506

HT-29-T-implanted NSG mice

mFAP x 4-1BBno-FAP x 4-1BB

Tumor

TAA x CD3

+

mFAP x 4-1BB

TAA x CD3

+ AMG 506

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AMG 506 Study Design

Minimally active

dose

Single-Agent Dose Escalation

• ≥ 21 pts

• Single agent safety &PK/PDLeads to

Leads to

• Dose escalation ongoing

• Expected to start AMG 506 combination trials in 2020

Dose Monotherapy

Combo Dose Escalation(s)

• Combo safety P2 & P3

Leads to

Safety, PK/PD & efficacy review

• Selection of Combination

• Selection of P2 dose

• Selection of tumor types

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Clustering Event as Tumor-Localized Immune Modulation of the Innate and Adaptive Arms of the Immune System

HSAFAPCD40

+ +

T Cell NK Cell Dendritic Cell Macrophage B Cell

HSAFAP4-1BB

+ +

FAP x 4-1BB(AMG 506)

FAP x CD40(MP0317)

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pMHC: Approach for “Inaccessible” Highly Selective TargetsE

xtr

a-c

ellu

lar

targ

ets

MHC

peptide

Intr

a-c

ellu

lar

targ

ets

(pro

ce

sse

d &

pre

se

nte

d o

n M

HC

)

DARPin® -

pMHC binder

Surface representation of a

DARPin® domain and of a

MHC-peptide crystal structure

Peptide

MHC

complex

Effector: DARPin®

CD3 binder

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Leveraging DARPin® Features for pMHC

Antibody (Ig-) Domain: binding via flexible loops

DARPin® Domain: binding via rigid surface

Randomized residues in loops

CDR1 CDR2 CDR3

VL

VH

Randomized residues on rigid surface

2-3 Repeats

N-Cap

C-Cap

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pMHC: Rapid and Straightforward Selection of Diverse DARPin®

pMHC Binders with High Selectivity

Selectivity(binding pattern by Alanine scanning)

pM

HC

-C x

CD

3 p

MH

C-B

x C

D3

p

MH

C-A

x C

D3

anti-pMHC anti-CD3

DARPin® candidate

Activity & Selectivity(T cell activation assay)

DARPin® T-cell engager [nM]

Ag+ cell line

Ag- cell line

PBMCs only

Ag+ cell line

Ag- cell line

PBMCs only

Ag+ cell line

Ag- cell line

PBMCs only

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Building Next Generation of DARPin® T-Cell Engagers

Multi-DARPin® T-Cell Engagers for

better safety and increased efficacy

T-cell engager field is progressing to the next

level to address key limitations

Improving

Safety

Boosting

Activity

Removing

Brake

Tumor Activate T-Cell Engager(e.g. Prodrug by Harpoon)

Block Checkpoint in Synapse(e.g. LocATE by CDR-life)

Integrate Stimulating Features(e.g. TriTE by TIMMUNE: IL-15 fusion)

Co-stimulate T Cell Receptor(e.g. CD28 by Sanofi)

Sustained

Activity

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Tree of Evolution of DARPin® Approaches

Incre

asin

g le

ve

l o

f

Inn

ova

tio

n &

Diffe

ren

tiation

abicipar

Dual Antagonists

MP0250

Direct Tumor Cell Killers

MP0274

Next level of immune

cell targeting

Targeting MHC-

peptides

Local Agonists

AMG 506

MP0317

Mono-Specifics

Research Pipeline

Next-Generation T-Cell engagers &

other multi-DARPin approaches

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Expected 2020 Catalysts

Abicipar

MP0250

MP0274

AMG 506

Research

2020

Approval and launch in nAMD (US and EU)

Initiation of Abicipar Phase 3 in DME patients

Additional P2 data from PI-combo trial

Continued development of MP0250 in partnership

Establish dose and define path forward

Identify AMG 506 dose in ongoing phase 1

Initiation AMG 506 combination trials

Prepare for MP0317 IND submission

Selection of 1st pMHC candidate for development

Multiple updates at AACR & other international conferences

Funding into H2 2021 (excl. any future proceeds related to Abicipar and partnerships)

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Appendix

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Dr. Patrick Amstutz, CEO

Co-founder, former CBO & COO

Member of the Board of Directors

PhD in biochemistry from UZH

Dr. Nicolas Leupin, CMO

Most recently CMO at Argenx

Proven track record in drug development

Senior positions at Celgene

Dr. Michael Stumpp, COO

Co-founder

PhD in biochemistry from UZH

Andreas Emmenegger, CFO

Former CFO Glycart, Finance Roles at Roche

>20 years experience as CFO of private & listed

companies and in fund raising, IPOs

Management Team & Board of Directors

Bill Burns, Chairman Former CEO of Roche Pharmaceuticals

Former board member of Roche, Genentech,

Chugai Pharmaceuticals, Shire

Göran Ando, Vice Chairman Former Chairman, Novo Nordisk

Former CSO, Pharmacia

Gwen Fyfe Former VP, Oncology Development at

Genentech

Steven H. Holtzman President and CEO, Decibel Therapeutics

Former EVP, Biogen

William “Bill” Lee EVP Research, Gilead

Petri Vainio Managing Director, Essex Woodlands

Ventures

EX

EC

UT

IVE

MA

NA

GE

ME

NT

BO

AR

D O

F D

IRE

CT

OR

S

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Shareholder Structure

VC holdings further reduced to ca. 13%

Listed on SIX Swiss Exchange (SIX: MOLN)

Included in key indices: SPI, SPI Extra,

SXI Life Sciences and SXI Bio+Medtech

21.6 million shares outstanding

CHF 378 million market cap. as of Dec 31, 2019

92% formal free float as per SIX definition

as of December 31, 2019

13%

18%69%

Pre-IPO investors (4 VC's)

Management, Board, Founders

Others

Highlights

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(CHF million, except per share and FTE data) FY 2019 FY 2018 change

Revenues 20.4 10.4 10.0

Total operating expenses1 (57.1) (47.8) (9.3)

Operating result – EBIT (36.7) (37.4) 0.7

Net financial result 0.4 0.4 0.0

Net result (36.3) (37.0) 0.7

Basic net result per share (in CHF) (1.69) (1.75) 0.06

Net cash used in operations (1.2) (42.5) 41.3

Cash balance (incl. s.t. deposits) as of Dec 31 95.12 99.0 (3.9)

Number of FTE’s as of Dec 31 135.2 117.7 17.5

Key Figures FY2019

1 Thereof non-cash costs of CHF 5.3mn in FY2019 and CHF 5.2mn in in FY20182 Including CHF 19.4m short-term time deposits

Note: Rounding differences may occur

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• Total expenses of CHF 60-70 million,

of which around CHF 6 million non-cash effective costs

• Capital expenditures of ca. CHF 3 million

• No guidance on net cash flow;

timelines and potential milestones payments with partnerships not disclosed

• Guidance subject to progress and changes of pipeline

Financial Guidance for Full-Year 2020

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Abicipar on Track for Market Launch in 2020

Primary and secondary endpoints of Phase 3 trials support abicipar potential to become the first

fixed 12-week anti VEGF in nAMD

– Reduce patient burden from injections and allow for less doctor visits

– Potential to translate visual acuity gains as seen in clinical trials into the real world setting

FDA has accepted BLA for abicipar; US launch, following FDA review, expected mid-2020

EMA has validated MAA for abicipar, corresponding EMA decision possible by H2 2020

Data from MAPLE trial outline pathway for ongoing optimization of manufacturing process and

continued reduction of intraocular inflammation

– Severe inflammation down to 1.6% (vs. 3.5%); no cases of endophthalmitis or retinal vasculitis

Allergan plans to start DME trial in 2020, based on material produced with modified manufacturing

process

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Intraocular Inflammation Through Weeks 521 and 1042

Comparable Risk to ranibizumab in Year 2

15.4% 15.3%

0.8%

2.3%

1.0%0.3%

Khurana RN, et al. Presented at AAO 2018 Annual Meeting in Chicago, IL, USA; Oct 27-30, 2018

Khurana RN, et al. Presented at AAO 2019 Annual Meeting in San Francisco, CA, USA; Oct 12-15, 2019

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MP0250 Inhibits Tumor Growth in Xenograft Mouse Models with Unique Anti-angiogenic Phenotype

Fiedler et al.

Tumor growth inhibition in a syngeneic colorectal MC38 model

MP0250 Prevents Bone Destruction in a Multiple Myeloma mouse model

0 5 1 0 1 5 2 0

0

5 0 0

1 0 0 0

1 5 0 0

2 0 0 0

2 5 0 0

D a y s a f te r t re a tm e n t in it ia t io n

Tu

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me

(m

m3)

v e h ic le (P B S )

M P 0 2 5 0

a n ti-H G F

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-driv

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Unmet Medical Need in Multiple Myeloma (MM)

Relapsed

c-MET

89%

Newly diagnosed

Activa

ted

-c-

ME

T r

ece

pto

r

28%

c-MET

On partial remission

2%

c-MET

Dynamic activation of the HGF pathway during disease progression1. HGF is highly overexpressed in bone marrow

biopsies of multiple myeloma patients

Bone marrow

tumor Score 3+6/8

patient samples

1. Moschetta M, et al. Clin Cancer Res 2013;19:4371-82

Bone marrow

tumor Score 2+

Solid tumor

Score 1+

2/8 patient samples

0/8 patient samples

MM remains incurable for most patients as cells acquire adaptive resistance to currently available therapies

Relapse inevitable

Time to relapse typically shortens with each new treatment regimen

Quality of response tends to diminish

No current drug in MM is addressing

adaptive HGF-mediated resistance

less active

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Novel Therapeutic Designs Applied – Our Approach

Novel Therapeutic Designs • Local (super) activity

• Minimal systemic toxicity

Classical Antibodies & SMEs • Systemic activity

• Dose-limiting toxicitiesTumor-localized

immune cell

activation

Next-generation T-cell engagers

Targeting peptide MHC complexes, historically “inaccessible” targets

pMHC

Tumor

cellsactivated

immune cell

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EPO mimetics

(Mohan et al., Science, 2019)

Trispecific CAR-T cells with DARPin®

(Balakrishnan et al., Clin Canc Res, 2019)

DARPin® Features Inspire People to Develop Novel Designs

DARPin® IgE remover/blocker

(Eggel et al., Nature, 2012)

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Molecular Partners AG

Wagistrasse 14

8952 Zürich-Schlieren

Switzerland

www.molecularpartners.com

T +41 44 755 77 00

IR Agenda

April 29, 2020 Annual General Meeting

May 7, 2020 Interim Management Statement Q1 2020

August 26, 2020 Publication of Half-year Results 2020 (unaudited)