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A Phase 2 Clinical Trial Of Bapineuzumab (AAB-001)

  July 29, 2008




                                                     1
Safe Harbor Statement

  This presentation will involve forward-looking statements that
  are subject to material risks and uncertainties.
  Please refer to the joint press release issued by the
  companies earlier today describing forward-looking
  statements.
  The companies assume no obligation to update any forward-
  looking statements, whether as a result of new information,
  future events or otherwise.




                                                                   2
• Ron Black, M.D., Wyeth Research, Assistant Vice President,
  Neuroscience

• Sid Gilman, M.D., F.R.C.P., University of Michigan, Chair of
  Bapineuzumab Safety Monitoring Committee

• Allison Hulme, Ph.D., Elan, Executive Vice President and
  Head of Global Development

• Dale Schenk, Ph.D., Elan, Executive Vice President and Chief
  Scientific Officer

• Gary L. Stiles, M.D., Wyeth Pharmaceuticals, Executive Vice
  President and Chief Medical Officer

                                                                 3
Bapineuzumab Phase 2: Study Objectives and Design

• Bapineuzumab: humanized version of murine monoclonal
  antibody that recognizes N-terminal of Aβ
• Primary objective: evaluate safety and tolerability in patients
  with mild to moderate AD
• Secondary objective: evaluate efficacy in patients with mild to
  moderate AD
• Design: randomized, multicenter, placebo-controlled, parallel-
  group, multiple ascending-dose study
   –   Enrolled 234 patients
   –   Randomization: bapineuzumab or placebo (8B:7P)
   –   6 infusions, 13 weeks apart
   –   4 dose cohorts: 0.15, 0.5, 1.0, 2.0 mg/kg
   –   Final assessment: Week 78


                                                                    4
Bapineuzumab Phase 2: Patient Disposition Through
Week 78
                                        317 Screened
                                        317 Screened

                                      234 Randomized
                                      234 Randomized

                                                               110 Placebo
         124 Bapineuzumab                                       110 Placebo
         124 Bapineuzumab
                                                            (safety population)
         (safety population)                                (safety population)
         (safety population)

  Withdrawals
   Withdrawals                                      Withdrawals
                                                     Withdrawals
  Adverse event                         8
   Adverse event                        8           Adverse event                          3
                                                     Adverse event                         3
  Death                                 3
   Death                                3           Death                                  0
                                                     Death                                 0
  Investigator decision                 2
   Investigator decision                2           Investigator decision                  0
                                                     Investigator decision                 0
  Lack of efficacy                      2
   Lack of efficacy                     2           Lack of efficacy                       2
                                                     Lack of efficacy                      2
  Lost to follow-up                     1
   Lost to follow-up                    1           Lost to follow-up                      0
                                                     Lost to follow-up                     0
  Voluntary                            16
   Voluntary                           16           Voluntary                             16
                                                     Voluntary                            16
  Other                                 0
   Other                                0           Other                                  2
                                                     Other                                 2
  Total withdrawals               32 (26%)
  Total withdrawals               32 (26%)           Total withdrawals               23 (21%)
                                                     Total withdrawals               23 (21%)
  Total Week 78 assessment        92 (74%)
  Total Week 78 assessment        92 (74%)           Total Week 78 assessment        87 (79%)
                                                     Total Week 78 assessment        87 (79%)

    122* Analyzed for efficacy                         107** Analyzed for efficacy
    122* Analyzed for efficacy
             (MITT)                                              (MITT)
              (MITT)
 *2 patients – no post-baseline primary efficacy   **3 patients – no post-baseline primary efficacy
                                                                                                      5
Bapineuzumab Phase 2: Demographics Total
Population (MITT)

                            Patient Demographics and
                                  Characteristics
                            All placebo   All bapineuzumab
                             (N = 107)         (N = 122)
Age, yrs                       67.9             70.1

Gender, % female               59.8             50.0

Ethnicity, % Caucasian         95.3             96.7

Time since onset, yrs           3.7             3.5

ApoE4, % carrier               69.8             60.5

Screening MMSE Score           20.7             20.9

AChEI or memantine use, %      96.3             95.1




                                                             6
Bapineuzumab Phase 2: Safety

• AEs generally mild to moderate, transient, not dose-related
• AEs occurring ≥2 times as often as placebo rate and seen in
  >5% of bapineuzumab patients
   Back pain         12.1% vs 5.5% Weight loss        6.5% vs 1.8%
   Anxiety           11.3% vs 3.6% Paranoia           6.5% vs 0.9%
   Vomiting            9.7% vs 3.6% Skin laceration   5.6% vs 2.7%
   VE (vasogenic edema) 9.7% vs 0% Gait disturbance   5.6% vs 1.8%
   Hypertension        8.1% vs 3.6% Muscle spasms     5.6% vs 0.9%
• Excluding VE (more frequent in ApoE carriers), percentage of
  patients with SAEs was similar to percentage of placebo in 0.5,
  1.0 and 2.0 mg/kg dose cohorts
• 3 deaths in bapineuzumab-treated patients; not considered
  treatment-related
• AEs of interest in <5% of Bapineuzumab: syncope, DVT, PE,
  SZ, cataracts

                                                                     7
Vasogenic Edema: Summary

• 12 patients with VE
   – All cases in bapineuzumab group, most after first or second dose
   – Most initially detected by MRI, with few or no clinical symptoms
   – 10 ApoE4 carriers, 2 non-carriers
       •   2.0 mg/kg (6 carriers, 2 non-carriers)
       •   1.0 mg/kg (3 carriers)
       •   0.5 mg/kg (0 carriers)
       •   0.15 mg/kg (1 carrier)
   – Resolved over weeks to months
   – 1 patient treated with steroids for lethargy, confusion
   – 6 of the 12 patients were retreated upon resolution of VE, no
     recurrence of VE




                                                                        8
Bapineuzumab Phase 2: Prespecified Efficacy Analyses

• Endpoints: within cohort treatment differences from baseline
  through Week 78 on ADAS-cog, NTB, DAD, CDR-SB, MMSE,
  CSF tau and MRI volumetrics
• MITT repeated measures (RM) model adjusted for MMSE and
  each baseline test score
   – Prespecified model assumed linear decline over time
• In general, decline found not to be linear over time
• Prespecified primary endpoints ADAS-cog and DAD did not
  achieve significance in MITT analysis




                                                                 9
Bapineuzumab Phase 2: Post-hoc Efficacy Analyses

• MITT RM model without assumption of linearity
• Biological differences between ApoE4 carriers and non-carriers
   – VE more frequent in carriers
   – Higher incidence of AD in carriers
   – Greater amyloid burden in carriers
• Include adjustment for ApoE4 carrier status
   – All bapineuzumab vs all placebo patients across all doses
   – Separate analyses for ApoE4 carriers and non-carriers
• Completer analyses for patients who received all doses
   – Determine if receiving all doses influences efficacy




                                                                   10
Clinical Efficacy Endpoints: Total Population (MITT)

                            ADAS-cog                                                                DAD




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                   2.3
                                                                                                               1.7




                                                                                                   1.0


                                                                                                                     p > 0.10
                                                           p = 0.078

                             NTB                                                                  CDR-SB




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                    0.13
                                                                                                               0.3



                                                                                                    1.0



                                                           p = 0.068                                                 p > 0.10


MITT analyses using repeated measures model without assumption of linearity
Bars above zero indicate improvement relative to placebo
Patient populations for “all doses” comparisons: bapineuzumab range, N = 115-119; placebo range, N = 102-106
                                                                                                                                11
Clinical Efficacy Endpoints: Total Population
           (Completer)
                                   ADAS-cog                                                        DAD
                            6.6




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                     4.3




                                                                              at Week 78
        at Week 78




                                                                                                           6.1




                                                                                                             p = 0.041
                                                           p = 0.003

                                    NTB                                                           CDR-SB
                            0.43




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                                                                           0.7
                                                   0.16



                                                                                                   1.0


                                                          p = 0.045                                              p > 0.10


Completer: patient who had all 6 infusions and an efficacy assessment at Week 78
Bars above zero indicate improvement relative to placebo
Patient populations for “all doses” comparisons: bapineuzumab, N = 78; placebo, N = 78
                                                                                                                            12
Patient Demographics and Characteristics: ApoE4
  Carrier and Non-carrier Populations


                                       ApoE4 Carrier     ApoE4 Non-carrier
                                    Placebo Bapineuzumab Placebo Bapineuzumab
                                    (N = 74)   (N = 72)  (N = 32)   (N = 47)

 Age, yrs                            68.6       71.2      66.1       69.1

 Gender, % female                    59.5       48.6      62.5       51.1

 Ethnicity, % Caucasian              97.3       97.2      90.6       95.7

 Time since onset, yrs                3.8       3.7        3.5       3.0

 Screening MMSE Score                21.0       20.6      19.8       21.4

 AChEI or memantine use, %           95.9       98.6      96.9       89.4




ApoE status in 4 patients unknown
                                                                                13
Clinical Efficacy Endpoints: ApoE4 Carrier Population
           (MITT)
                                                                                                  3.5
                            ADAS-cog                                                                     DAD




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                                                                                        -1.2




                                                          p > 0.10                                                      p > 0.10

                             NTB                                                                        CDR-SB




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                      0.02
                                                                                                                 -0.4


                                                                                                                         p > 0.10
                                                        p > 0.10
                                    -0.24


MITT analyses using RM model without assumption of linearity
Bars above zero indicate improvement relative to placebo
Patient populations for “all doses” comparisons: bapineuzumab range, N = 69-72; placebo range, N = 72-74
                                                                                                                                    14
Clinical Efficacy Endpoints: ApoE4 Carrier Population
           (Completer)
                                   ADAS-cog                                                         DAD
                             7.0




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                                                                           5.0




                                                          p > 0.10                                               p > 0.10

                                    NTB                                                           CDR-SB




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                            0.44




                                                                              at Week 78
        at Week 78




                                                                                                                 0.1
                                                        0.05




                                                                                                  -0.8
                                          -0.20
                                                                                                                 p > 0.10
                                                          p > 0.10


Completer: patient who had all 6 infusions and an efficacy assessment at Week 78
Bars above zero indicate improvement relative to placebo
Patient populations for “all doses” comparisons: bapineuzumab, N = 42; placebo, N = 57
                                                                                                                            15
Clinical Efficacy Endpoints: ApoE4 Non-carrier
           Population (MITT)
                            ADAS-cog                                                                DAD




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                                                                                6.9




                                                                                                  1.0


                                1.0
                                                                                                  -11.4
                                                                                                                p > 0.10
                                                          p = 0.026
                               -1.4


                             NTB                                                                  CDR-SB




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                   0.35

                                                                                                              1.5




                                                                                                        1.0

                                                                                                                p = 0.040
                                                          p = 0.006


MITT analyses using repeated measures model without assumption of linearity
Bars above zero indicate improvement relative to placebo
Patient populations for “all doses” comparisons: bapineuzumab range, N = 46-47; placebo range, N = 30-32
                                                                                                                            16
Clinical Efficacy Endpoints: ApoE4 Non-carrier
           Population (Completer)
                                   ADAS-cog                                                        DAD
                            20.5




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                                                                           8.1




                                                                                                   1.0

                                                                                                            p > 0.10
                                                        p = 0.003

                                    NTB                                                           CDR-SB




                                                                       Improvement Over Placebo
 Improvement Over Placebo




                                                                              at Week 78
        at Week 78




                                                     0.36
                                                                                                           1.7




                                                                                                   1.0
                                                                                                             p = 0.043
                                                        p = 0.010                                  -1.5


Completer: patient who had all 6 infusions and an efficacy assessment at Week 78
Bars above zero indicate improvement relative to placebo
Patient populations for “all doses” comparisons: bapineuzumab, N = 36; placebo, N = 21
                                                                                                                         17
Clinical Efficacy Endpoints: ApoE4 Non-carrier
Population (MITT)
         MITT analysis using RM model without linearity assumption
              ADAS-cog                                                                     Placebo
                                                             DAD
                              Placebo
                                                                                           Bapineuzumab
                                          Bapineuzumab


                                                                                             N = 47
                                          N = 47
                                                                      N = 32
                  N = 32



                                                         Rx difference at Week 78 = 6.9
       Rx difference at Week 78 = 5.0
                                                         p > 0.10
       p = 0.026




                                                                          CDR-SB
                      NTB                                                                  Placebo
                                          Placebo
                                                                                           Bapineuzumab
                                          Bapineuzumab
   0

                                         N = 47
                                                                                             N = 46
                 N = 32                                              N = 30



       Rx difference at Week 78 = 0.35                   Rx difference at Week 78 = 1.54
       p = 0.006                                         p = 0.040




                                                                                                          18
MRI Results Through Week 71 (MITT)

   • Total Population
          – No differences in total population in brain volume* or ventricular
            volume**
   • Carriers
          – No significant change in brain volume
          – Significant increase in ventricular volume compared with placebo
                  • Mean: 2.5 cc; 95% CI: 0.1 to 5.1 cc; p = 0.037
          – Clinical relevance is unclear
   • Non-carriers
          – Significantly less brain volume decline than placebo
                  • Mean: 10.7 cc; 95% CI: 3.4 to 18.0 cc; p = 0.004
          – Less enlargement in ventricular volume than placebo (nonsignificant)




* Brain volume as measured by brain boundary shift integral (BBSI)
** Ventricular volume as measured by ventricular boundary shift integral (VBSI)
                                                                                   19
Change in MRI Brain Volume*: ApoE4 Non-carrier
  Population (MITT)

                                                                                                               Bapineuzumab
                                   10.7cc less brain volume
                                                                                                               Placebo
                                   reduction over 71 weeks




                                                                                   N = 46




                                                                           N = 31
                  Rx difference at Week 71 = 10.7 cc
                  p = 0.004




* Brain volume as measured by brain boundary shift integral (BBSI)
MITT analyses using RM model without assumption of linearity, adjusted for whole brain volume at baseline, MMSE at baseline and ApoE4
status
                                                                                                                                        20
CSF Biomarkers

  • Phospho-tau (p-tau) levels trend lower at 52 weeks in
    bapineuzumab-treated patients versus placebo-treated patients
  • No differences in CSF Aβ or total tau
                              CSF p-tau
                             All Subjects




                                                                    p = 0.056




                                                                                All placebo
                                                                                   N = 15
                                            All bapineuzumab
                                                  N = 20
Based on ANCOVA; one outlier excluded in the 0.15 mg/kg placebo dose cohort
                                                                                              21
Conclusions

Overall Assessment:
• Results support the design and further evaluation of
   bapineuzumab in the ongoing Phase 3 trials
• Bapineuzumab generally safe and well-tolerated
• VE dose related, more frequent in carriers which influenced in
   Phase 3 program design
• Pre-specified efficacy analysis did not reach significance in the
   total population
In Post Hoc Analyses:
• Trends were observed in the cognitive endpoints ADAS-cog
   and NTB in the total population
• Evidence of significant efficacy in non-carriers (clinical and
   MRI)
• Favorable directional changes in carriers on some efficacy
   measures
• Potential efficacy signals over a range of doses without a clear
   dose response
                                                                      22
23

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wyeth Phase 2 Clinical Trial of Bapineuzumab, ICAD, July 2008

  • 1. A Phase 2 Clinical Trial Of Bapineuzumab (AAB-001) July 29, 2008 1
  • 2. Safe Harbor Statement This presentation will involve forward-looking statements that are subject to material risks and uncertainties. Please refer to the joint press release issued by the companies earlier today describing forward-looking statements. The companies assume no obligation to update any forward- looking statements, whether as a result of new information, future events or otherwise. 2
  • 3. • Ron Black, M.D., Wyeth Research, Assistant Vice President, Neuroscience • Sid Gilman, M.D., F.R.C.P., University of Michigan, Chair of Bapineuzumab Safety Monitoring Committee • Allison Hulme, Ph.D., Elan, Executive Vice President and Head of Global Development • Dale Schenk, Ph.D., Elan, Executive Vice President and Chief Scientific Officer • Gary L. Stiles, M.D., Wyeth Pharmaceuticals, Executive Vice President and Chief Medical Officer 3
  • 4. Bapineuzumab Phase 2: Study Objectives and Design • Bapineuzumab: humanized version of murine monoclonal antibody that recognizes N-terminal of Aβ • Primary objective: evaluate safety and tolerability in patients with mild to moderate AD • Secondary objective: evaluate efficacy in patients with mild to moderate AD • Design: randomized, multicenter, placebo-controlled, parallel- group, multiple ascending-dose study – Enrolled 234 patients – Randomization: bapineuzumab or placebo (8B:7P) – 6 infusions, 13 weeks apart – 4 dose cohorts: 0.15, 0.5, 1.0, 2.0 mg/kg – Final assessment: Week 78 4
  • 5. Bapineuzumab Phase 2: Patient Disposition Through Week 78 317 Screened 317 Screened 234 Randomized 234 Randomized 110 Placebo 124 Bapineuzumab 110 Placebo 124 Bapineuzumab (safety population) (safety population) (safety population) (safety population) Withdrawals Withdrawals Withdrawals Withdrawals Adverse event 8 Adverse event 8 Adverse event 3 Adverse event 3 Death 3 Death 3 Death 0 Death 0 Investigator decision 2 Investigator decision 2 Investigator decision 0 Investigator decision 0 Lack of efficacy 2 Lack of efficacy 2 Lack of efficacy 2 Lack of efficacy 2 Lost to follow-up 1 Lost to follow-up 1 Lost to follow-up 0 Lost to follow-up 0 Voluntary 16 Voluntary 16 Voluntary 16 Voluntary 16 Other 0 Other 0 Other 2 Other 2 Total withdrawals 32 (26%) Total withdrawals 32 (26%) Total withdrawals 23 (21%) Total withdrawals 23 (21%) Total Week 78 assessment 92 (74%) Total Week 78 assessment 92 (74%) Total Week 78 assessment 87 (79%) Total Week 78 assessment 87 (79%) 122* Analyzed for efficacy 107** Analyzed for efficacy 122* Analyzed for efficacy (MITT) (MITT) (MITT) *2 patients – no post-baseline primary efficacy **3 patients – no post-baseline primary efficacy 5
  • 6. Bapineuzumab Phase 2: Demographics Total Population (MITT) Patient Demographics and Characteristics All placebo All bapineuzumab (N = 107) (N = 122) Age, yrs 67.9 70.1 Gender, % female 59.8 50.0 Ethnicity, % Caucasian 95.3 96.7 Time since onset, yrs 3.7 3.5 ApoE4, % carrier 69.8 60.5 Screening MMSE Score 20.7 20.9 AChEI or memantine use, % 96.3 95.1 6
  • 7. Bapineuzumab Phase 2: Safety • AEs generally mild to moderate, transient, not dose-related • AEs occurring ≥2 times as often as placebo rate and seen in >5% of bapineuzumab patients Back pain 12.1% vs 5.5% Weight loss 6.5% vs 1.8% Anxiety 11.3% vs 3.6% Paranoia 6.5% vs 0.9% Vomiting 9.7% vs 3.6% Skin laceration 5.6% vs 2.7% VE (vasogenic edema) 9.7% vs 0% Gait disturbance 5.6% vs 1.8% Hypertension 8.1% vs 3.6% Muscle spasms 5.6% vs 0.9% • Excluding VE (more frequent in ApoE carriers), percentage of patients with SAEs was similar to percentage of placebo in 0.5, 1.0 and 2.0 mg/kg dose cohorts • 3 deaths in bapineuzumab-treated patients; not considered treatment-related • AEs of interest in <5% of Bapineuzumab: syncope, DVT, PE, SZ, cataracts 7
  • 8. Vasogenic Edema: Summary • 12 patients with VE – All cases in bapineuzumab group, most after first or second dose – Most initially detected by MRI, with few or no clinical symptoms – 10 ApoE4 carriers, 2 non-carriers • 2.0 mg/kg (6 carriers, 2 non-carriers) • 1.0 mg/kg (3 carriers) • 0.5 mg/kg (0 carriers) • 0.15 mg/kg (1 carrier) – Resolved over weeks to months – 1 patient treated with steroids for lethargy, confusion – 6 of the 12 patients were retreated upon resolution of VE, no recurrence of VE 8
  • 9. Bapineuzumab Phase 2: Prespecified Efficacy Analyses • Endpoints: within cohort treatment differences from baseline through Week 78 on ADAS-cog, NTB, DAD, CDR-SB, MMSE, CSF tau and MRI volumetrics • MITT repeated measures (RM) model adjusted for MMSE and each baseline test score – Prespecified model assumed linear decline over time • In general, decline found not to be linear over time • Prespecified primary endpoints ADAS-cog and DAD did not achieve significance in MITT analysis 9
  • 10. Bapineuzumab Phase 2: Post-hoc Efficacy Analyses • MITT RM model without assumption of linearity • Biological differences between ApoE4 carriers and non-carriers – VE more frequent in carriers – Higher incidence of AD in carriers – Greater amyloid burden in carriers • Include adjustment for ApoE4 carrier status – All bapineuzumab vs all placebo patients across all doses – Separate analyses for ApoE4 carriers and non-carriers • Completer analyses for patients who received all doses – Determine if receiving all doses influences efficacy 10
  • 11. Clinical Efficacy Endpoints: Total Population (MITT) ADAS-cog DAD Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 2.3 1.7 1.0 p > 0.10 p = 0.078 NTB CDR-SB Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 0.13 0.3 1.0 p = 0.068 p > 0.10 MITT analyses using repeated measures model without assumption of linearity Bars above zero indicate improvement relative to placebo Patient populations for “all doses” comparisons: bapineuzumab range, N = 115-119; placebo range, N = 102-106 11
  • 12. Clinical Efficacy Endpoints: Total Population (Completer) ADAS-cog DAD 6.6 Improvement Over Placebo Improvement Over Placebo 4.3 at Week 78 at Week 78 6.1 p = 0.041 p = 0.003 NTB CDR-SB 0.43 Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 0.7 0.16 1.0 p = 0.045 p > 0.10 Completer: patient who had all 6 infusions and an efficacy assessment at Week 78 Bars above zero indicate improvement relative to placebo Patient populations for “all doses” comparisons: bapineuzumab, N = 78; placebo, N = 78 12
  • 13. Patient Demographics and Characteristics: ApoE4 Carrier and Non-carrier Populations ApoE4 Carrier ApoE4 Non-carrier Placebo Bapineuzumab Placebo Bapineuzumab (N = 74) (N = 72) (N = 32) (N = 47) Age, yrs 68.6 71.2 66.1 69.1 Gender, % female 59.5 48.6 62.5 51.1 Ethnicity, % Caucasian 97.3 97.2 90.6 95.7 Time since onset, yrs 3.8 3.7 3.5 3.0 Screening MMSE Score 21.0 20.6 19.8 21.4 AChEI or memantine use, % 95.9 98.6 96.9 89.4 ApoE status in 4 patients unknown 13
  • 14. Clinical Efficacy Endpoints: ApoE4 Carrier Population (MITT) 3.5 ADAS-cog DAD Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 -1.2 p > 0.10 p > 0.10 NTB CDR-SB Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 0.02 -0.4 p > 0.10 p > 0.10 -0.24 MITT analyses using RM model without assumption of linearity Bars above zero indicate improvement relative to placebo Patient populations for “all doses” comparisons: bapineuzumab range, N = 69-72; placebo range, N = 72-74 14
  • 15. Clinical Efficacy Endpoints: ApoE4 Carrier Population (Completer) ADAS-cog DAD 7.0 Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 5.0 p > 0.10 p > 0.10 NTB CDR-SB Improvement Over Placebo Improvement Over Placebo 0.44 at Week 78 at Week 78 0.1 0.05 -0.8 -0.20 p > 0.10 p > 0.10 Completer: patient who had all 6 infusions and an efficacy assessment at Week 78 Bars above zero indicate improvement relative to placebo Patient populations for “all doses” comparisons: bapineuzumab, N = 42; placebo, N = 57 15
  • 16. Clinical Efficacy Endpoints: ApoE4 Non-carrier Population (MITT) ADAS-cog DAD Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 6.9 1.0 1.0 -11.4 p > 0.10 p = 0.026 -1.4 NTB CDR-SB Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 0.35 1.5 1.0 p = 0.040 p = 0.006 MITT analyses using repeated measures model without assumption of linearity Bars above zero indicate improvement relative to placebo Patient populations for “all doses” comparisons: bapineuzumab range, N = 46-47; placebo range, N = 30-32 16
  • 17. Clinical Efficacy Endpoints: ApoE4 Non-carrier Population (Completer) ADAS-cog DAD 20.5 Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 8.1 1.0 p > 0.10 p = 0.003 NTB CDR-SB Improvement Over Placebo Improvement Over Placebo at Week 78 at Week 78 0.36 1.7 1.0 p = 0.043 p = 0.010 -1.5 Completer: patient who had all 6 infusions and an efficacy assessment at Week 78 Bars above zero indicate improvement relative to placebo Patient populations for “all doses” comparisons: bapineuzumab, N = 36; placebo, N = 21 17
  • 18. Clinical Efficacy Endpoints: ApoE4 Non-carrier Population (MITT) MITT analysis using RM model without linearity assumption ADAS-cog Placebo DAD Placebo Bapineuzumab Bapineuzumab N = 47 N = 47 N = 32 N = 32 Rx difference at Week 78 = 6.9 Rx difference at Week 78 = 5.0 p > 0.10 p = 0.026 CDR-SB NTB Placebo Placebo Bapineuzumab Bapineuzumab 0 N = 47 N = 46 N = 32 N = 30 Rx difference at Week 78 = 0.35 Rx difference at Week 78 = 1.54 p = 0.006 p = 0.040 18
  • 19. MRI Results Through Week 71 (MITT) • Total Population – No differences in total population in brain volume* or ventricular volume** • Carriers – No significant change in brain volume – Significant increase in ventricular volume compared with placebo • Mean: 2.5 cc; 95% CI: 0.1 to 5.1 cc; p = 0.037 – Clinical relevance is unclear • Non-carriers – Significantly less brain volume decline than placebo • Mean: 10.7 cc; 95% CI: 3.4 to 18.0 cc; p = 0.004 – Less enlargement in ventricular volume than placebo (nonsignificant) * Brain volume as measured by brain boundary shift integral (BBSI) ** Ventricular volume as measured by ventricular boundary shift integral (VBSI) 19
  • 20. Change in MRI Brain Volume*: ApoE4 Non-carrier Population (MITT) Bapineuzumab 10.7cc less brain volume Placebo reduction over 71 weeks N = 46 N = 31 Rx difference at Week 71 = 10.7 cc p = 0.004 * Brain volume as measured by brain boundary shift integral (BBSI) MITT analyses using RM model without assumption of linearity, adjusted for whole brain volume at baseline, MMSE at baseline and ApoE4 status 20
  • 21. CSF Biomarkers • Phospho-tau (p-tau) levels trend lower at 52 weeks in bapineuzumab-treated patients versus placebo-treated patients • No differences in CSF Aβ or total tau CSF p-tau All Subjects p = 0.056 All placebo N = 15 All bapineuzumab N = 20 Based on ANCOVA; one outlier excluded in the 0.15 mg/kg placebo dose cohort 21
  • 22. Conclusions Overall Assessment: • Results support the design and further evaluation of bapineuzumab in the ongoing Phase 3 trials • Bapineuzumab generally safe and well-tolerated • VE dose related, more frequent in carriers which influenced in Phase 3 program design • Pre-specified efficacy analysis did not reach significance in the total population In Post Hoc Analyses: • Trends were observed in the cognitive endpoints ADAS-cog and NTB in the total population • Evidence of significant efficacy in non-carriers (clinical and MRI) • Favorable directional changes in carriers on some efficacy measures • Potential efficacy signals over a range of doses without a clear dose response 22
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