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Proactive Investor Meeting      23 November 2011
Silence’s pedigree and vision•   Industry leader in RNAi therapeutics (a new drug class) and delivery•   Listed on LSE (AI...
Outstanding potential of RNAi therapeutics•    Transforming technology•    Allows therapeutics intervention of previously ...
Silence is the industry leader in RNAi    delivery and therapeutic development•    Best-in-class RNAi (siRNA) therapeutics...
Breakthrough delivery technologies  AtuPLEX™             Blood vessels             Cancer & Metastases             (Atu027...
Industry’s broadest RNAi (siRNA) therapeutics    clinical pipelineProducts                Partners   Target              D...
New medicine to treat various types of cancer:Encouraging clinical Atu027 data•   Atu027 Phase I interim data demonstrates...
Atu027 in a prostate cancer model:  Dose response                                Prostate tumor volume                    ...
Atu027 possible deal structure                                                                                  Big Pharm ...
Significant progress of partnered pipeline     Encouraging Phase II results of PF-’655 (Diabetic     Macular Edema)       ...
Strong validation through partnerships                • AstraZeneca - $15M upfront payment with up to $400M in milestones ...
Potential revenue streams•   Potential upcoming milestones from current partnerships - future milestones could    be signi...
Results for the six months ended 30 June 2011£000s                  1H11A         1H11A         1H11A     2010A           ...
Upcoming newsflow 2011/H12012Update on PF-’655 in diabetic macular oedema (DME)                        Mar. 2011Full year...
How Silence views its key peers                                    Silence                       Alnylam                 A...
Summary•    Silence is the leader in RNAi therapeutic development and delivery•    RNAi therapeutics will become a major d...
Share price contrasts significant progress                                                                                ...
Disclaimer  The statements made in this presentation may contain certain forward-  looking comments. Actual events or resu...
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Silence Therapeutics - Proactive Investors Presentation - November 23rd 2011

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Silence Therapeutics CEO Tomas Christély gave this presentation at the Proactive Investors One2One Forum in London, alongside ANGLE, Deltex Medical and Stanley Gibbons on 23rd November 2011.

Proactive Investors invited Silence Therapeutics to the event based on the biotech company's strong progression in the last few years, including a recent major partnership with a ‘Top 10’ pharmaceutical company and its confident development of valuable products such as the ATUPLEX delivery system.

For further information regarding investment opportunities with Silence or any other queries, please visit the contact us page on the Silence Therapeutics site or leave a comment on SlideShare: http://silence-therapeutics.com/content/contact/contactus.htm

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Transcript of "Silence Therapeutics - Proactive Investors Presentation - November 23rd 2011"

  1. 1. Proactive Investor Meeting 23 November 2011
  2. 2. Silence’s pedigree and vision• Industry leader in RNAi therapeutics (a new drug class) and delivery• Listed on LSE (AIM) with operations centralised in Berlin (30 FTEs, 10 PhDs)• Commercially driven – reflected in recent appointments• Strong validation through multiple partnerships supported by issued IP• Building a strong pipeline targeting unmet medical needs with large commercial potential• Commercialising the first blockbuster RNAi therapeutic 2
  3. 3. Outstanding potential of RNAi therapeutics• Transforming technology• Allows therapeutics intervention of previously Complex of siRNA and delivery vehicle (e.g. ‘undrugable’ targets liposomes) • 100% gene products can be blocked vs <20% previously siRNA/RISC Loss of• RNA interference (RNAi) recognised by the function Nobel Prize in 2006 mRNA destroyed• Proof of concept already demonstrated in man using Silence‘s technologies mRNA Normal Protein function• Commercial potential similar to monoclonal DNA antibodies (sales 2010: US$48bn) 3
  4. 4. Silence is the industry leader in RNAi delivery and therapeutic development• Best-in-class RNAi (siRNA) therapeutics platform (“AtuRNAi”)• Industry’s broadest clinical RNAi product pipeline• Three breakthrough delivery platforms• Significant progress of partnered pipeline• Over 300 patients treated with AtuRNAi• Very encouraging interim data for clinical Atu027 Phase I study 4
  5. 5. Breakthrough delivery technologies AtuPLEX™ Blood vessels Cancer & Metastases (Atu027, Atu134, Atu195) Lung blood vessels DACC Acute lung injury/ARDS Pulmonary Hypertension Infection & Inflammation (Atu111) Liver DBTC Hepatocellular carcinoma Ischemia Reperfusion Injury Acute liver failure 5
  6. 6. Industry’s broadest RNAi (siRNA) therapeutics clinical pipelineProducts Partners Target Delivery Market size Pre-Clinical Phase I Phase II Tissue / method OrganPF-4523655 RTP801 Naked siRNA $1bn+Diabetic Macular - Local Delivery (potential)Edema to the EyePF-4523655 RTP801 Naked siRNA $3.1bn (2010)Age-related Macular - Local DeliveryDegeneration to the EyeQPI-1002 P53 - Systemic Naked siRNA $4.4bn (2010) Delivery to thePrevention of Delayed KidneyGraft FunctionQPI-1002 P53 - Systemic Naked siRNA $1bn+ Delivery to the (potential)Acute Kidney Injury KidneyAtu027 PKN3 - Systemic AtuPLEX $8.2bnSolid Tumors Delivery to (angiogenesis Tumor mkt 2010) EndotheliumAtu134 Systemic AtuPLEX $8.2bnSolid Tumors Delivery to (angiogenesis Tumor mkt 2010) EndotheliumAtu111 Systemic DACC $1bn+ Delivery to Lung (potential)Acute Lung Injury EndotheliumAtu195 Systemic AtuPLEX $8.2bnSolid Tumors Delivery to (angiogenesis Tumor mkt 2010) Endothelium Five of 13 global clinical siRNA programs use Silence’s AtuRNAi – over 300 patients treated 6
  7. 7. New medicine to treat various types of cancer:Encouraging clinical Atu027 data• Atu027 Phase I interim data demonstrates safety (ASCO 2011)• 10 out of 27 patients showed stable disease after treatment period• Atu027 very well tolerated - effective dose exceeded• Excellent preclinical efficacy data in a variety of cancer indications• 28 of 33 patients treated to date• Phase I results expected to report in mid-2012Data not only validates Atu027 program but also AtuPLEX delivery platform 7
  8. 8. Atu027 in a prostate cancer model: Dose response Prostate tumor volume Volume of lymph node metastases 1500Mean volume [mm³] 200 Mean volume [mm³] 1000 100 500 0 0 1.4mg/kg 0.7mg/kg 0.3mg/kg 1.4mg/kg 0.7mg/kg 0.3mg/kg sucrose PKN3-siRNA-lipoplex sucrose PKN3-siRNA-lipoplex Dose-dependent inhibition of tumor growth and reduced lymph node metastasis 8
  9. 9. Atu027 possible deal structure Big Pharm a alliances 2005-9• Partnering discussions ongoing Upfront payment ($m) 35 30 25• Typical deal structure 20 • Upfronts (double digit $m’s) 15 • Milestones (significant) 10 • Royalties (double digit %) 5 0 Lead Preclinical Phase I Phase II Phase III• Variations • Global rights Early stage deals 2005-9 • Regional rights • Ex-US/Eu rights 200 Payments ($m) • Opt-in rights 150 100 50 0 Upfront R&D Milestones Equity Source: RECAP Deloitte 9
  10. 10. Significant progress of partnered pipeline Encouraging Phase II results of PF-’655 (Diabetic Macular Edema)  Phase IIb trial to be initiated in January 2012 Source: Quark Phase II trial of PF-’655 (Age-related Macular Degeneration)  completed, data expected H1 2012 Phase II trial of QPI-1002 (Prevention of Delayed Graft Function) completion in H1 2012 DBTC Phase II trial of QPI-1002 (Acute Kidney Injury) to be initiated shortly 10
  11. 11. Strong validation through partnerships • AstraZeneca - $15M upfront payment with up to $400M in milestones plus sales royalties for five targets (2007, extended 2010) • AstraZeneca – Novel approaches to delivery of siRNA molecules (2008, extended 2010) • Pfizer/Quark – Phase II products for diabetic macular edema and age- related macular degeneration; $95m milestones plus royalties, $6m received (2006). • Novartis/Quark – Phase II products for acute renal failure and kidney transplantation; $82m in milestones plus royalties, $1m received (2010). • Dainippon Sumitomo – siRNA delivery collaboration, $2m upfront (2009, expanded 2010) • InteRNA – microRNA delivery collaboration (9/2011)Top 10 Pharma • Top 10 Pharma co. - Delivery collaboration with DACC system (9/2011) • Mirna – microRNA delivery collaboration (10/2011) 11
  12. 12. Potential revenue streams• Potential upcoming milestones from current partnerships - future milestones could be significant – Novartis: ~$ 3-11 million (2012); total milestones $82m – Pfizer: ~$ 4 million (2014); total milestones $95m• Broad range of other income opportunities: – out-licensing/co-development of Atu027 or other internal candidates – research collaborations (e.g. AstraZeneca) – out-licensing of AtuRNAi technology (e.g. Pfizer/Quark, Novartis/Quark) – out-licensing of delivery technologies (AtuPLEX, DACC & DBTC) – delivery collaborations (e.g. Top-10 pharma, InteRNA, AstraZeneca, Dainippon Sumitomo)• Case study – miRagen deal with Servier in microRNA – Signed 18 October 2011 – US$352m upfront and milestones – Total deal value of up to US$1bn – Of which $45m received over next three years – Double-digit royalties 12
  13. 13. Results for the six months ended 30 June 2011£000s 1H11A 1H11A 1H11A 2010A ongoing restructuring reportedRevenue 354 - 354 2,366R&D spend (1,819) - (1,819) (5,821)Admin costs (1,560) (443) (2,003) (5,203)Operating loss (3,025) (443) (3,468) (8,658)Other income/(exp.) 42 - 42 (137)Loss before tax (2,983) (443) (3,426) (8,795)Loss after tax (2,983) (443) (3,426) (8,795)Net cash 6,486 3,567 Funded well into H2 2012 13
  14. 14. Upcoming newsflow 2011/H12012Update on PF-’655 in diabetic macular oedema (DME)  Mar. 2011Full year results for 2010  April 2011Fundraising  May 2011Present interim Phase I data of Atu027 at ASCO  June 2011Completion of Phase II trial of PF-’655 in AMD (Pfizer/Quark)  July 2011Multiple delivery agreements for microRNAs (e.g. InteRNA/miRNA)  2H 2011Top 10 Pharma DACC delivery agreement  2H 2011New Issuance of patents 2H 2011Start of Phase II trial of QPI-1002 in AKI (Quark/Novartis) 2H 2011Sign further collaborations agreements ongoing 2H 2011-Start of Phase IIb trial of PF-’655 in DME (Quark/Pfizer) Jan. 2012Completion of enrolment in Atu027 trial 1H 2012 14
  15. 15. How Silence views its key peers Silence Alnylam Arrowhead TekmiraDelivery technologies 3 proprietary delivery 1 delivery technology 5 proprietary delivery 1 delivery technology technologies ( 1 in Phase I) inlicensed from Tekmira technologies of which stopped phase I due to 5 delivery collaborations 1 collaboration with MIT 3 came from Roche safety problemsImmunosuppressive No Yes Unknown Yespretreatment required?Intellect. property Issued composition of Issued composition of License from Alnylam License from AlnylamsiRNA + delivery matter patents for siRNA matter patents for siRNA via Roche Legal dispute with Legal dispute with Tekmira Alnylam 5 programs of which 3 programs plus 2 partnered 1 program 3 programs of which 2Clinical siRNA Pipeline 4 are partnered with Tekmira partnered with AlnylamValidation through 4 Top 10 pharma companies 3 Top 10 pharma companies None Alnylampartnerships + Dainippon Sumitomo plus several other BMS + 2 microRNA companies companiesListing AIM Nasdaq Nasdaq TSXMarket capitalisation, GBP 17m 203m 29m 13mCash (estimat.), GBP 5m 160m 6m 6mTech. value (estimat.), 12m 43m 23m 7mGBP As of 16 Nov. 2011 ) 15
  16. 16. Summary• Silence is the leader in RNAi therapeutic development and delivery• RNAi therapeutics will become a major drug class• Industry’s broadest RNAi (siRNA) therapeutics clinical pipeline• New medicine to treat various types of cancer: Encouraging Atu027 clinical data• Partnered with four of top ten pharma companies• Strong IP position with issued patents in all major markets 16
  17. 17. Share price contrasts significant progress Atu027 Ph I interim data PF-’655 Ph II data QPI-1002 Novartis Ph II start takes option f. QPI-1002 DACC developed Dainippon deliv. coll. Atu027 Ph I start AtuRNAi core patent issued in US PF-655 Share trading volume Ph II start QPI-1002 Ph I start AZN deal PF-655 Ph I start 17
  18. 18. Disclaimer The statements made in this presentation may contain certain forward- looking comments. Actual events or results may differ from the Company’s expectations. In addition to the matters described in the presentation, future actions by the European Agency for Evaluation of Medicinal Products, the U.S. Food and Drug Administration or equivalent regulatory authorities in other countries and results of pending or future clinical trials, as well as other risk factors outlined from time to time in the Company ’ s regulatory filings, may affect actual results achieved by the Company. The Alternative Investment Market (AIM) has not reviewed and does not accept responsibility for the adequacy or accuracy of this presentation. 18 18
  19. 19. Thank you
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