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MorphoSys AG — Investor Presentation 2011
Mar 31, 2011
291_ip_2011-03-31_d9e79ee9-226e-440c-8f1d-39a30b03b1bd.pdf
Investor Presentation
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BioCapital Europe 2011
Amsterdam – March 31, 2011
This presentation includes forward forward-looking statements. looking
Actual results could differ materially from those included in the forward-looking statements due to various risk factors and uncertainties including changes in business, economic competitive conditions regulatory reforms foreign exchange rate fluctuations and the conditions, reforms, the availability of financing.
These and other risks and uncertainties are detailed in the Company's Annual Report.
Morp y hoS s at a Glance
Industry y 's most successful antibody library technology - HuCAL
75 drug programs ongoing
P fit bl t b l h t Profitable, strong balance sheet
Use proprietary technologies to develop the broadest possible pipeline of therapeutic antibody drugs,
balanced between partnered and proprietary programs
Growing p Pi eline Illustrates Successful Execution of Strategy
Clinical Total
Uniq p y gy ue & Proprietary Technology for Generating Drug-Quality Antibodies
75 Th ti A tib d P O i Therapeutic ntibody Programs Ongo ing
MOR103A Novel Anti-Inflammatory Antibody
The Target
GM-CSF – a growth factor and inflammatory mediator
The Drug
Ultra-high affinity HuCAL IgG1
Clinical Development in Rheumatoid Arthritis
- Phase 1b/2a trial ongoing in Europe in patients with active RA
- Completion of enrollment H2 2011 final results H1 2012 2011,
Clinical Development in Multiple Sclerosis
Phase 1b safety study in MS patients starting H2 2011
Intellectual Property
- Exclusive license to a US patent covering antibodies against GM-CSF for the treatment of chronic inflammatory conditions
- US patent on MOR103 composition of matter
MOR208A Novel Anti-Cancer Antibody
The Target
CD19 – a pan B-cell marker p 30 Namalwa
The Drug
- Humanized, high affinity anti-CD19 antibody
- Exclusive license from Xencor
- Comprises a proprietary Xencor modification that leads to rapid and sustained B-cell depletion
Clinical Development in Chronic Lymphocytic Leukemia
- Multi-centre, open-label, multi-dose, single-arm phase 1, dose-escalation study in USA Lymphoma
- Patients with chronic lymphocytic leukemia, who have not responded to or have become refractory to previous therapies
- Xencor funds phase 1 trial from \$13m up front payment up-front
- Final data expected in 2012
MOR208
XmAb (-) control
Alemtuzumab (CD52)
MOR202A Novel Antibody for Multiple Myeloma
The Target
CD38 – a protein on multiple myeloma cells
The Drug
- High affinity HuCAL antibody
- Excellent cross-reactivity to non-human primate (tox)
Clinical Development in Multiple Myeloma
- Start multi-centre, open-label, dose-escalation study in Europe H1 2011
- Patients with relapsed/refractory multiple myeloma; failure of at least 2 prior therapies
- Maximum tolerated dose, safety and tolerability, pharmacokinetics and immunogenicity; assessment of preliminary activity
- Final data expected in 2013
Partnered Programs Phase 2 Clinical Development
| P r o g r a m |
P t a r n e r |
D i s e a s e |
T t a r g e |
S t t a u s |
|---|---|---|---|---|
| Q B H 8 8 0 |
N i t o v a r s |
O l i t t s e o y c b d i o n e s e a s e |
D K K 1 - |
E l d h i l i f b t t t a r y a a s o w s m u a o n o o n e f i t o r m a o n |
| d n |
N i t o v a r s |
d n |
d n |
C l i i l f f h i d t n c a p r o o o c o n c e p a c e v e |
| C N T O 8 8 8 |
C O h t t e n o c o r r o B i h t o e c |
O l n c o o g y |
M C P 1 - |
T i l i t o r a s o n g o n g w |
| C N T O 8 8 8 |
C O h t t e n o c o r r o B i h t o e c |
I d i h i t o p a c l p m o n a r u y f i b i r o s s |
M C P 1 - |
O i l i t n e r a o n g o n g |
| G b t a n e n e r m a u |
R h o c e |
' 's A A l l h h i i z e m e r d i s e a s e |
A l i d β m o y - |
S d i i i h d l A D t t t t n p a e n s p r o r o m a u y w |
Partnered Programs Phase 1 Clinical Development
| P r o g r a m |
P t a r n e r |
D i s e a s e |
S t t a u s |
|
|---|---|---|---|---|
| C N T O 1 9 5 9 |
C O h B i h t t t e n o c o r r o o e c |
P i i s o r a s s |
S d l d Q 4 2 0 1 0 t t c o m p e e u y |
|
| B A Y 9 4 6 2 0 7 - |
B H l h t a y e r e a c a r e |
O l n c o o g y |
C A i b d d j A I X t t n o y r u g c o n u g a e v s - |
|
| C O N T 3 1 5 7 |
C O O h h B B i i h h t t t e n o c o r r o o e c |
A h t s m a |
P P h h 1 1 J J 2 0 1 0 t t a s e s a r n e u |
|
| d n |
N i t o a r s v |
M l k l l t s c o s e e a u u |
P h J l 1 2 0 1 0 t t a s e s a r u y |
|
| d. n |
N i t o v a r s |
O h h l l t p a m o o g y |
P h 1 A 2 0 1 0 t t t a s e s a r u g u s |
|
| d n |
N i t o a r s v |
I f l i t n a m m a o n |
P h D b 1 2 0 1 0 t t a s e s a r e c e m e r |
|
| d d n |
C C t t e n o c o r |
I f l i / t n a m m a o n A i t o m m n e u u |
P P h h 1 1 D D b b 2 0 1 0 t t t t a s e s a r e c e m e r |
|
| d n |
B h i I l h i o e r n g e r n g e e m |
d n |
P h 1 D b 2 0 1 0 t t a s e s a r e c e m e r |
|
| d n |
P f i e r z |
O l n c o o g y |
P h D b 1 2 0 1 0 t t a s e s a r e c e m e r |
|
| O M P 9 R 5 5 - |
O d n c o m e |
O l n c o o g y |
P h 1 D b 2 0 1 0 t t a s e s a r e c e m e r |
AbD Serotec Seg p ment Complements Therapeutic Business
Antibodies for research and diagnostic markets
Diagnostic Antibodies
- Using proprietary technologies to deliver superior Dx antibodies
- Future upside via royalties
Research Antibodies
- Catalogue of 15,000+ products & custom HuCAL antibodies
- Stable and recurring cash flows
| E U R i l l i m o n s |
G i d 2 0 1 1 u a n c e |
2 0 1 0 |
|
|---|---|---|---|
| S S A b D R t t e r o e c e g m e n e e n e s v u |
2 2 2 3 - |
2 0 2. |
|
| S A b D P f i M i t t e r o e c r o a r g n |
4 % ~ |
6 % |
| E U R i l l i m o n s |
2 0 0 9 |
2 0 1 0 |
G i d u e 2 a n c 0 1 1 |
S T k t r e a s u r y o c 0. 4 % B d o a r 2 % |
|---|---|---|---|---|
| R e e n e s v u |
8 1. 0 |
8 7. 0 |
1 0 5 1 1 0 – |
|
| C f G S d l d t o s o o o s o |
6. 7 |
3 7. |
||
| P i R & D E t r o p r e a r p. y x |
1 9. 3 |
2 6. 5 |
4 0 4 5 – |
|
| S d R & D E p o n s o r e x p. |
1 9. 7 |
2 0. 4 |
||
| S G & A E x p e n s e s , |
2 3. 9 |
2 3. 2 |
||
| T l O i E t t o a p e r a n g p. x |
6 9. 6 |
4 7 7. |
||
| i O h O t t e r p e r a n g I n c o m e |
0. 1 |
0. 2 |
||
| P f i f t r o r o m O i t p e r a o n s |
1 1. 4 |
9. 8 |
1 0 1 3 – |
Cash & Marketable Securities (31/12/10): € 108.4m
Shares issued: 22,890,252 (Dec 31, 2010) ( )
A Rich Potential News-flow in 2011
H1 2011
- US patent granted on MOR103 9
- Double digit EUR million technology milestone payment received from N ti9Novartis MOR103
- Commence Phase 1 study of MOR202 in multiple myeloma
- Release MOR202 pre-clinical data
- New partner INDs
- First diagnostic kit based on a HuCAL antibody comes to market
- Further technology announcements New partner INDs gy
H2 2011
- Complete enrollment in MOR103 Phase 1b/2a RA study
- Commence Phase 1b MS study of
- Clinical data from trial of CNTO888 in oncology*
- Clinical data from trial of CNTO1959 in psoriasis*
-
Clinical data from trial of CNTO3157 in asthma*
-
New deal(s) based on Slonomics technology
* MorphoSys estimates only
Thank You
www.morphosys.com
Dr. Claudia Gutjahr-Löser
Head of Corporate Comm. & IR
Phone +49 ( ) 0 89 / 899 27-122 Fax +49 (0)89 / 899 27-5122 Email [email protected]