IntelGenx, through its cutting edge formulation platforms, has developed a broad and diverse product portfolio, including products for the treatment of severe depression, hypertension, erectile dysfunction, benign prostatic hyperplasia, migraine, insomnia, bipolar disorder, idiopathic pulmonary fibrosis, allergies and pain management.
1. TSX-V: IGX
OTCQX: IGXT
Innovation In Drug Delivery
An introduction to unique pharmaceutical delivery technologies
November 2014
2. FORWARD LOOKING STATEMENTS
To the extent any statements made in this presentation contain information that is not historical, these statements are
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements on our
current expectations and projections about future events. Our actual results could differ materially from those
discussed in, or implied by, these forward-looking statements. Forward-looking statements are identified by words
such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any
statements that refer to expectations, projections or other characterizations of future events or circumstances are
forward-looking statements. Forward-looking statements include, but are not necessarily limited to, risks and
uncertainties, including the difficulty of predicting U.S. Food and Drug Administration and Canadian Therapeutic
Products Directorate approvals, acceptance and demand for new pharmaceutical products, the impact of competitive
products and pricing, new product development and launch, reliance on key strategic alliances, availability of raw
materials and finished products, the regulatory environment, tax rate assumptions, the outcome of legal proceedings,
fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities
and Exchange Commission and the Ontario Securities Commission. IntelGenx undertakes no obligation to update or
revise any forward-looking statement.
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3. INNOVATIVE DELIVERY TECHNOLOGY
FOCUSING ON ORAL DRUG DELIVERY
VERSAFILM™ VERSATAB™ ADVERSA™
Rapid and convenient dosage form for more
immediate activity
Programmable drug release over an extended
period of time
Controlled absorption in the oral cavity
to maximize bioavailability
INTELGENX DEVELOPS AND MANUFACTURES FASTER AND MORE EFFICIENT
DRUG DELIVERY SYSTEMS FOR TOP PHARMACEUTICALS
3
4. UNIQUE TECHNOLOGIES
INNOVATIVE DELIVERY TECHNOLOGY
TECHNOLOGY FOCUSED
Develop novel and high performance drug delivery systems – focus on oral film products.
TARGET HIGH-VALUE DIFFERENTIATED OPPORTUNITIES
• Use proprietary drug delivery technologies to develop products offering a
therapeutic benefit to patients.
• Identify unique drug-repurposing opportunities.
• Pursue high technological entry barrier products and first-to-file opportunities.
• Develop products addressing unmet therapeutic needs.
4
5. VALUE PROPOSITION
PROVIDE COMPREHENSIVE PHARMACEUTICAL SERVICES TO INDUSTRY
PARTNERS:
Pharmaceutical Research and Development
Clinical monitoring; clinical supply manufacturing
Regulatory services
Process development and technology transfer
Commercial product supply
REVENUE STREAM CONSISTING OF:
Upfront payments
R&D milestone payments
Sales milestone payments
Royalties on sales
Manufacturing revenue
5
6. PRECLINICAL PILOT STUDY PIVOTAL STUDY FILING LAUNCH
PRODUCT PORTFOLIO
Forfivo XL® Major Depressive
Disorder
INT0001 Hypertension
INT0024
Idiopathic Pulmonary
Fibrosis (Pacific)
INT0008 Migraine (RedHill)
INT0027
Opiod Dependence
(Par)
INT0037 Undisclosed (Par)
INT0039 Undisclosed (Par)
INT0007 Erectile Dysfunction
INT0036
Central Nervous
System (CNS)
INT0010 Pain
Launched Q4 2012
Q1 2013
Q3 2013
A ROBUST PRODUCT PIPELINE ACROSS 3 TECHNOLOGY PLATFORMS
6
8. VersaTabTM
Addressable market for
pipeline VersaTabTM
products.
SIGNIFICANT MARKET POTENTIAL
VersaFilmTM
Opportunity to convert
existing tablet market
into film technology
$8.1
Billion
$2.7
Billion
ADDRESSABLE MARKET FOR PRODUCT PIPELINE
~$10B
Combined,
addressable market
for product pipeline
8
9. 2013 Metroprolol
Sales
$1.2B
Pentoxifylline - NAC
$1.1B
VERSATAB TM
MULTILAYER TABLET TECHNOLOGY
• Linear release profile;
controlled erosion of inactive
cover layers
• Multiple actives with
independent release profiles
• Separation of active
ingredients - avoidance of
chemical incompatibility in
fixed-dose combinations
• Cost-effective manufacturing
Depression Hypertension
Idiopathic Pulmonary
Fibrosis Addressable
Market
Wellbutrin XL &
Bupropion XL Sales
$391M
PRECLINICAL PILOT STUDY
PIVOTAL
STUDY
FILING LAUNCH
Forfivo XL
Major
Depressive
Disorder
INT0001 Hypertension
INT0024
Idiopathic
Pulmonary
Fibrosis
(Pacific)
VERSATAB®
PRODUCTS
Launched Q4 2012 ®
VersaTab®
Addressable
Market ~$2.7B
9
10. FORFIVO XL® COMMERCIALIZATION GROWTH OPPORTUNITY
Current Market for
Bupropion
$3.0B
• High dose version of
Wellbutrin XL®
• Provides a once-daily,
bupropion 450 mg dose in a
single tablet
• Indicated for the treatment of
major depressive disorder
• Launched commercially
October 2012 in partnership
with Edgemont
Pharmaceuticals
• Negotiations on Paragraph IV
with Wockhardt progressing
well
Wellbutrin XL®
Market
$236M
2013 Sales
Forfivo XL
$2.7M
FORFIVO XL® SCRIPT GROWTH
®
VERSATAB TM
VersaTab®
Addressable
Market ~$2.7B
$1,200,000
$900,000
$600,000
$300,000
10
$0
4,000
3,000
2,000
1,000
0
~$1.1M
October
Gross Sales
3,038
October
Prescriptions
10/31/12 2/28/13 6/28/13 10/31/13 2/28/14 6/30/14 10/31/14
11. VERSAFILM TM
ADVANTAGES OF FILM TECHNOLOGY
VersaFilm™
Rapidly disintegrating pharmaceutical films
for buccal or systemic drug delivery
®
VersaFilm
Addressable
Market ~$8.1B
Improved product performance:
• Fast delivery translates into
rapid onset of action
• Improved bioavailability
• Buccal (topical) or systemic
drug exposure
Improved patient compliance:
• Convenient delivery improving
compliance for pediatric and
geriatric patients where
swallowing is an issue
Increased barrier for generic
competition:
• Limited number of competitors
11
12. VERSAFILM TM
ADVANTAGES OF FILM TECHNOLOGY
IMPROVED PRODUCT PERFORMANCE:
• Fast delivery translates into rapid onset of action
• Improve bioavailability
• Buccal or systemic drug exposure
IMPROVED PATIENT COMPLIANCE:
• Convenient delivery improving compliance for pediatric and geriatric patients where
swallowing is an issue
INCREASED BARRIER FOR GENERIC COMPETITION:
• Limited number of competitors
VERSAFILM™ ~$2.9B ADDRESSABLE MARKET
RAPIDLY DISINTEGRATING PHARMACEUTICAL FILMS FOR BUCCAL OR SYSTEMIC DRUG DELIVERY
12
13. $1.3B
VERSAFILM TM
ADDRESSABLE MARKETS
• Demonstrated ability to
achieve bioequivalence
®
• Two applications currently
under review at FDA:
one ANDA, and one
505(b)(2)NDA
• Comprehensive
VersaFilm™ development
pipeline
• Limited number of
competitors, strong IP
position
Opioid Dependence Migraine Erectile Dysfunction
Targeted Rizatriptan
Market
$230M
Targeted Cialis
Sales
®
Targeted Suboxone
Sales
$1.4B
®
VersaFilm
Addressable
Market ~$8.1B
13
PRECLINICAL PILOT STUDY
PIVOTAL
STUDY
FILING LAUNCH
INT0008
Migraine
(RedHill)
INT0027
Opiod
Dependence
(Par)
INT0007
Erectile
Dysfunction
INT0036 CNS
INT0037
Undisclosed
(Par)
INT0039
Undisclosed
(Par)
Q1 2013 2015
VERSAFILM
PRODUCTS
Q3 2013 2017
Q4 2016 Q4 2017
14. ATTRACTIVE LIFECYCLE MANAGEMENT OPPORTUNITY
Suboxone® Rx Quantities (Millions)
80
60
40
20
0
Film Tablet
2008 2009 2010 2011 2012 2013
VersaFilm
Addressable
Market ~$8.1B
• Demonstrated ability to
achieve bioequivalence
• Two applications currently
under review at FDA:
one ANDA, and one
505(b)(2)NDA
• Comprehensive
VersaFilm™ development
pipeline
• Limited number of
competitors, strong IP
position
®
VERSAFILM TM
14
Suboxone®
Sublingual Film
Suboxone®
Sublingual Tablets
15. 1.4
1.05
0.7
0.35
0.
Buprenorphine plasma profile
Test product Test product
0. 12. 24. 36. 48. 60. 72.
Mean concentration (ng/mL)
Time (hrs)
®
VERSAFILM TM
Suboxone
Addressable
Market ~$1.4B
Completed development with
successful pivotal
bioequivalency study.
Abbreviated New Drug
Application (ANDA)
submitted to FDA in July
2013.
Marketing approval
anticipated 2016.
Attractive partnership deal
with Par Pharmaceutical
P4 litigation with Reckitt
Benckiser progressing well
150.
120.
90.
60.
30.
0.
Naloxone plasma profile
Test product reference product (Suboxone 8/2mg)
0. 6. 12. 18. 24.
Mean concentration (pg/mL)
Time (hrs)
OPIOD DEPENDENCE - BUPRENORPHINE/NALOXONE
15
16. MIGRAINE FILM BIOEQUIVALENT TO MAXALT MLT®
Rizatriptan®
Addressable
Market $230M
Successfully completed
development and stability
testing
Filed 505(b)(2)NDA in March
2013
Co-development and
licensing agreement in place
with RedHill Biopharma
Negotiations with
commercialization partner
ongoing
18.0
13.5
9.0
4.5
0.0
Orally disintegrating film containing Rizatriptan bioequivalent
with orally disintegrating tablet (Maxalt MLT®)
VersaFilm Rizatriptan
0.0 3.0 6.0 9.0 12.0 15.0
Rizatriptan Pl. Conc. (ng/mL)
Time (hrs)
Maxalt MLT®
VERSAFILM TM
16
17. VERSAFILM TM
Cialis®
Addressable
Market ~$1.3B
CP pending for OTC
approval
Formulation development
ongoing.
Worldwide patent application.
Pilot BE study on 10 mg
strength suggests BE with
RLD.
Confirmatory pilot BE study
on 20 mg strength
completed.
Successful pilot BE study (10 mg strength)
BIOEQUIVALENCE ACHIEVED IN TADALAFIL
17
18. VERSAFILM TM
CNS FILM INT0036 – A fast acting version of an existing schizophrenia treatment.
Schizophrenia
~$5.2B Market1
Successfully completed pilot
scale PhI study
INT0036 demonstrated a
significantly improved
pharmacokinetic profile
against the reference product
1 According to Datamonitor
Healthcare schizophrenia
forecast published July 13,
2012
30,000
22,500
15,000
7,500
0
VersaFilm INT0036
0 15 30 45 60
Rizatriptan Pl. Conc. (ng/mL)
Time (min)
RLD
19. VERSAFILM TM
A STRONG PLATFORM FOR GROWTH AND INNOVATION
• Addressable market of approximately $8.1 billion
• Strong intellectual property protection
• Successful pivotal bioequivalency studies
• 3 film products close to FDA approval
• Limited number of competitors
• Life cycle management opportunity
20. OPERATIONAL INITIATIVES
DEVELOPING FILM MANUFACTURING CAPABILITIES TO INCREASE PROFITABILITY
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• Significantly increase IntelGenx' revenue stream
• Better protection of IntelGenx' IP.
• Eliminate dependency of IntelGenx on external manufacturing partners
by establishing commercial film manufacturing capability.
• Give clients the advantage to obtain all services from one source (one-stop-
shopping).
• Increase R&D capabilities and investments with expanded laboratories
and technologies.
21. KEY MILESTONES
SUGGESTS NEAR TERM CATALYSTS
2014 2015 2016 2017
Develop
• 2014, Identify a second
supplier for Rizatriptan
• 2014, Submit application for
Rizatriptan in Europe
• 2014, Acceptance of ANDA for
INT0027 triggering a milestone
payment from Par
• 2014, Clarity on ForFivo XL
litigation with WockHardt
Position
• 2015, Anticipated approval for migraine
VersaFilmTM
• 2015, Anticipated submission of ANDA for
Antihypertensive VersaTabTM
• 2016, Anticipated tentative approval for
opioid dependence VersaFilm™
• 2016, Commence manufacturing capabilities
of VersaFilm™
Grow
• 2016, Anticipated submission of
505(b)(2) NDA for ED VersaFilm™
• 2017, Anticipated launch for opioid
dependence VersaFilm™
• 2017, Anticipated approval for ED
VersaFilm™
21
22. VISIONARY, EXPERIENCED LEADERSHIP
Horst G. Zerbe, Ph.D.
Chairman, President and CEO
• Founder of IntelGenx
• 30+ years Industry Experience
• Holds over 40 patents in drug delivery, and numerous
scientific publications
• Previously President Smartrix Tech. Inc. and VP R&D at
LTS Lohmann, USA
Nadine Paiement, M.Sc.
Director R&D
Paul Simmons, AFCA
Chief Financial Officer
Alexandre Serrano, Ph.D.
Associate Director, Bus. Dev.
• Co-inventor of IntelGenx Trilayer Technology
• 10 years experience in product development and technology
transfer
• Previously R&D Manager at Smartrix Tech. Inc.
• 25 + years multinational business and finance experience
• Proven track record of exceeding targets in delivering
corporate growth
• Held CFO and VP Finance positions with several European
corporations
• Responsible for Strategic Alliances, Licensing, Acquisitions,
and Intellectual Property
• Ph.D. in Neuroscience (University of Montreal)
• Previously actively involved in in-licensing at AstraZeneca
Montreal
65+ YEARS OF COMBINED INDUSTRY EXPERIENCE
22
23. A SOLID PLATFORM FOR GROWTH
CORE TECHNOLOGIES ADDRESS LARGE MARKET POTENTIAL
VERSAFILM™ VERSATAB™ ADVERSA™
• Continue to grow commercialization efforts of Forfivo XL to drive revenue growth
• Develop delivery technology product platforms in pipeline towards commercialization
• Continue to develop distribution channel relationships
• Leverage VersaFilm manufacturing expertise to enhance profitability
23
IGXT is a company that has developed proprietary drug delivery technologies for oral drug delivery and is using these technologies to develop novel pharmaceutical products
During this presentation, I will be making certain forward looking statements
Our technologies include
an oral film technology that we use to achieve rapid delivery of an active in the oral cavity,
An extended release tablet technology for once-daily administration, and
A mucoadhesive tablet technology for the controlled release of actives into the oral cavity with the aim to achieve controlled oral absorption
Therapeutic benefits include simplifying dose regimen, increased bioavailability, less side effects
Our current project pipeline includes 9 projects,
3 involving Versatab technology,
5 involving Versatab technology, and
1 Adversa project
The combined addressable market for the pipeline is 5.6 billion dollars, of which 2.9 are related to films, and 2.7 bn to tablets.
Therapeutic benefits include simplifying dose regimen, increased bioavailability, less side effects