Disease Models
Transcription
Disease Models
Changing the Shape of Medical Research and Practice Keith Murphy Chief Executive Officer © Copyright 2014, Organovo Holdings, Inc. This report is solely for the use of intended audience. No part of it may be circulated, quoted, or reproduced for distribution outside the organization without prior written approval from Organovo Holdings, Inc. 0 FORWARD LOOKING STATEMENTS The Company cautions you that the statements included in this presentation that are not a description of historical facts are forward-looking statements. Any forward-looking statements are based on our current expectations, but are subject to a number of risks and uncertainties. The factors that could cause our actual future results to differ materially from our current expectations include, but are not limited to, risks and uncertainties relating to the Company's ability to develop, market and sell products based on its technology; the expected benefits and efficacy of the Company's products and technology; the availability of substantial additional funding to support the Company’s operations; the Company’s ability to enter into successful collaboration arrangements; the validity of the Company’s intellectual property rights and the ability to protect those rights; and the Company's ability to achieve its business, research, product development, regulatory approval, marketing and distribution plans and strategies. These and other factors are identified and described in more detail in our filings with the SEC, including our transition report on Form 10-KT filed with the SEC on May 24, 2013. You should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation. Except as required by applicable law, we do not intend to update any of the forward-looking statements to conform these statements to reflect actual results, later events or circumstances or to reflect the occurrence of unanticipated events. NYSE MKT: ONVO © Copyright 2014 Organovo Holdings, Inc. 1 Organovo NovoGen MMX Bioprinting Platform © Copyright 2014 Organovo Holdings, Inc. 2 Organovo’s pioneering technology creates functional human tissues without scaffolds © Copyright 2014 Organovo Holdings, Inc. Tissue sheets, branched tubes, and layered tubes have been bioprinted A B C (A) Bio-ink composed of chick cardiac cell aggregates; (B) Bio-ink composed of CHO cells; (C) A bi-layered tube composed of fibroblasts and smooth muscle cells (brown = smooth muscle actin). Adapted from Biofabrication 2:1, 2010, coauthored by K. Murphy and G. Forgacs, ONVO’s CEO and Scientific Founder. © Copyright 2014 Organovo Holdings, Inc. 4 Drug discovery: There is an imperative for pharmacos to kill drugs faster and cheaper © Copyright 2014 Organovo Holdings, Inc. 5 Substantial Opportunity in Drug Discovery and Development Cell Assay Services and Products Bioprinted tissues for customer use Disease Models Partner in drug discovery Receive back end royalty on new drugs 6 Opportunity in Multiple Channels for Tissues Contract Research Model High dollar contract services for customer ease of use Established $35B CRO market, $7B Pre-clinical $1.75B in vitro preclinical $5.25B animal preclinical “Human preclinical testing” 7 Overview of Cell Assay Product Model Sell bioprinted tissues for customer use Overall cell biology market growing to $17B by 2016, 12% CAGR† Identified specific market opportunity >$500M by 2018† Market growing with CAGR at ~100% 2012-2018 High unmet customer need and market opportunity identified that can be met with 3D cell assay products† † Source: 2012 Scientia Advisors market research, sponsored by company © Copyright 2014 Organovo Holdings, Inc. 8 Additional Opportunity with Expansion of Tissue Portfolio Skin for cosmetic toxicology testing Higher toxicology testing revenue than pharma Total global in vitro tox market 2017 $3.1B 17% CAGR Cosmetic testing 46% share of market Established research collaboration with market leader Additional resources going to R&D and Commercial activities 9 Overview of Partner Model - Disease Models and Therapeutics Partner with pharma companies directly Build assets over time: Liver, cancer, lung, kidney Leverage assets into pharma discovery deals 3-7% royalty possible $10-30M milestone payouts possible per opportunity © Copyright 2014 Organovo Holdings, Inc. 10 Opportunity Matrix Tissue Research Program Toxicology Assays (Product/Service) Disease Models (Partnerships) Liver ✔ ✔ ✔ Lung Kidney ✔ Simple Tissues for Therapy (Clinical) ✔ ✔ Cancer ✔ Bone ✔ ✔ Blood Vessel ✔ ✔ ✔ ✔ Heart ✔ Skin ✔ 11 Opportunity Matrix Tissue Research Program Liver Toxicology Assays Disease Models (Product/Service) (Partnerships) ✔ Kidney ✔ ✔ Lung ✔ Simple Tissues for Therapy (Clinical) ✔ ✔ Cancer ✔ Bone ✔ ✔ Blood Vessel ✔ ✔ ✔ ✔ Heart ✔ Skin ✔ 12 The NovoGen Bioprinter builds 3D liver tissue with precise deposition of multiple cell types 100 μm Hepatic stellate cells (CFSE) Hepatocytes (DAPI) Endothelial cells (CTMB) 2.5x (light microscope image) Three cell types, with cells in relevant architecture © Copyright 2014 Organovo Holdings, Inc. 13 3D liver tissues with relevant architectural features were fabricated successfully with the NovoGen Bioprinter 100 μm 100 μm H&E (200x) E-Cadherin (200x) 3D Liver is characterized by a tissue-like cell density and tight intercellular junctions. © Copyright 2014 Organovo Holdings, Inc. 14 Bioprinted 3D human liver tissues are metabolically active with CYP450 induction Single Unit / 39 h Single Unit / 135 h These liver tissues remained stable for 135 hours and retained key liver functions, including inducible CYP1A2 and CYP3A4 activity. Constructed w/ 1° hepatocytes, hepatic stellate cells, and endothelial cells 135 h. © Copyright 2014 Organovo Holdings, Inc. 15 Bioprinted 3D human liver tissues synthesize cholesterol and produce albumin 3DA Bioprinted liver tissues possess the ability to synthesize cholesterol, a hallmark liver-associated function. Cholesterol biosynthesis is retained and even increases over time in culture. 3DB 2D Bioprinted liver constructs, from iPS cells produce significantly more albumin per cell than matched 2D controls at 135 h. iPS from Cellular Dynamics, Inc. © Copyright 2014 Organovo Holdings, Inc. 16 3D Liver in Detail – Business Models Toxicology Product and service revenue 3D Liver well-based tissue Living cell-based assay Disease models Partner model Hepatitis C / infectivity Liver fibrosis Standard Corning TranswellTM Plates © Copyright 2014 Organovo Holdings, Inc. 17 3D Liver in Detail – Timelines for Tox Product Scientific proof of concept April 2013 ✔ Functional Validation Testing against known drugs December 2013 ✔ Delivery to KOLs Alpha and beta testing April 2014 ✔ (announced Jan ‘14) Product launch December 2014 © Copyright 2014 Organovo Holdings, Inc. 18 Opportunity Matrix Tissue Research Program Liver Toxicology Assays Disease Models (Product/Service) (Partnerships) ✔ Kidney ✔ ✔ Lung ✔ Simple Tissues for Therapy (Clinical) ✔ ✔ Cancer ✔ Bone ✔ ✔ Blood Vessel ✔ ✔ ✔ ✔ Heart ✔ Skin ✔ 19 Partnering to Develop Cancer and Other Assets OHSU Partnership Cancer research top investigators (Gleevec, FISH) Allows Organovo to move upstream in discovery efforts Scientific publications could appear within 8-18 months NIH Partnerships with NEI and NCATS National Eye Institute – building eye tissue National Center for Advancement of Translational Sciences – Drug Discovery NCATS Mission: enhance development and testing of therapeutics © Copyright 2014 Organovo Holdings, Inc. 20 Bioprinted Breast Cancer Tumor Models © Copyright 2014 Organovo Holdings, Inc. 21 Organovo Has Long Term Opportunity in Tissue Therapy Simple and branched tubular structures Tissue opportunities Direct surgical therapy for patients Simple tissues that can be bioprinted today Bioprinted Branched Vessel Focus on commercial outcome Regulatory pathway Market size and reimbursement outlook Tissue patches © Copyright 2014 Organovo Holdings, Inc. 22 Organovo Targeted Milestones and Potential Results – Next 24-36 months Development and launch of 3D Liver Scientific proof of concept - April 2013 ✔ Functional Validation - December 2013 ✔ Delivery to KOLs - Alpha and beta testing ✔ (Announced January 2014, original target April) Product launch - December 2014 (Announced pre-release commercial contracts starting in April) Breast cancer model initial data December 2013 ✔ Detail on additional tissue product/service launches Multiple additional pharma partnerships Scientific updates on disease models – Kidney, Liver Therapeutic tissue proof of concept and path to clinical © Copyright 2014 Organovo Holdings, Inc. 23 Executive Management KEITH MURPHY, CEO & President 20 years of experience in biotechnology Amgen, 10 years, Global Operations Leader, Prolia/Xgeva Alkermes, drug delivery technology background UCLA, School of Business MIT, Chemical Engineering BARRY MICHAELS, CFO & Secretary 30 years of financial and general management experience in medical device and biotechnology CFO of three private and three publicly traded companies Finalist, San Diego CFO of the Year for 2012 SHARON PRESNELL, Ph.D., CHIEF TECHNOLOGY OFFICER & EVP, R&D 15 years of leadership experience in product-focused R&D SVP of R&D Tengion, Inc. 6 years R&D Leadership at Becton Dickinson Asst. Professor, U. of North Carolina, Chapel Hill © Copyright 2014 Organovo Holdings, Inc. 24 Executive Management ERIC MICHAEL DAVID, M.D., J.D., CHIEF STRATEGY OFFICER 17 years of experience in biopharma Associate Partner, McKinsey & Company Life Science Pipeline and R&D Strategy Consulting Adjunct Faculty, Rockefeller University MIKE RENARD, EXEC VP COMMERCIAL OPS Proven revenue generating product wins in research and diagnostics instrumentation and consumables 25+ years in life sciences Experience building and launching products at Beckman Coulter and Sanofi © Copyright 2014 Organovo Holdings, Inc. 25 Board of Directors KEITH MURPHY (Chairman) Organovo Chief Executive Officer TAMAR HOWSON Director: Warner Chilcott, Idenix Former roles: JAMES GLOVER (Audit Chair) Former roles: CFO, Beckman Coulter CFO, Anadys Pharmaceuticals Director and Audit Chair, Varian (acquired by Agilent, $1.5B) ROBERT BALTERA Former roles: CEO, Amira Pharmaceuticals (acquired by BMS, up to $475M) VP Finance, Amgen SVP of Corporate Development, Bristol-Meyers Squibb SVP of Corporate Development, SmithKline Beecham Head of SROne (GSK Venture arm) RICHARD HEYMAN Former roles: CEO, Aragon Pharmaceuticals (J&J acquired for up to $1B) CSO, Kalypsis, Inc. VP Research, Ligand Pharma © Copyright 2014 Organovo Holdings, Inc. 26 Organovo’s Bioprinting Technology: Accelerates breakthrough research Better recreation of “human biology in a petri dish” Better than animal models Better than cells alone Has broad applications for unmet needs Pharma Drug Discovery (Near term) Toxicology Testing (Near term) Transplant tissues (Longer term) © Copyright 2014 Organovo Holdings, Inc. 27 Enabling tissue on demand NYSE MKT: ONVO Organovo Contacts: Investor Relations Booke and Company [email protected] (646) 571-2439 Website http://www.organovo.com © Copyright 2014 Organovo Holdings, Inc. 28