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OTCQB: CycloH
OTCQB: CTDH
Safe Harbor Statement
Some of the information in this report relates to future events or future business and financial performance. Such statements
constitute forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such statements can
be only predictions and the actual events or results may differ from those discussed due to, among other things, the risks
described in the public filings and other publications of Cyclo Therapeutics, Inc. Forward-looking statements are identified by
words such as “anticipates”, “projects”, “expects”, “plans”, “intends”, “believes”, “estimates”, “target”, and other similar
expressions that indicate trends and future events.
The content of this report with respect to Cyclo Therapeutics, Inc. has been completed primarily from information available in
the public released by Cyclo Therapeutics, Inc. through news releases and SEC filings. Cyclo Therapeutics, Inc. uses data
from publicly available information and its accuracy has not been independently verified by Cyclo Therapeutics, Inc. Certain
summaries of scientific activities and outcomes have been condensed to aid the reader in gaining general understanding.
The information about Cyclo Therapeutics, Inc. and its subsidiaries is solely for information purposes and is not to be
construed as an offer to sell or the solicitation of an offer to buy any security in any state.
Factors that could cause the Company’s results to differ materially from those expressed in forward looking statements include
without limitation, variation in demand and the acceptance of the Company’s products and services, the frequency, magnitude
and timing of raw material price changes, general business and economic conditions beyond the Company’s control, the
consequences of competitive factors in the market place including the ability to attract and retain customers, and the
Company’s success in attracting and retaining key personnel.
Past performance does not guarantee future performance. This report is not to be copied, transmitted, displayed, distributed
(for compensation or otherwise), or altered in any way without the prior written consent of Cyclo Therapeutics, Inc.
2
Company Overview
Cyclo Therapeutics, a clinical-stage biotechnology company, is developing
cyclodextrin-based drugs for the treatment of disease.
• Corporate headquarters in Gainesville, FL
• Founded in 1990 as a cyclodextrin-distribution company
• Game changer: Dr. Benny Liu showed in 2006 that one version of cyclodextrins, hydroxypropyl beta
cyclodextrins, can release cholesterol from cells in animal models of Niemann-Pick Disease Type C (NPC).
NPC is a rare inherited neurodegenerative disease that affects infants, children and adults. It is caused by
an accumulation of lipids in the liver, brain and spleen.
• This discovery led directly to Cyclo providing cyclodextrins to NPC families for use in compassionate
programs. Dr. Hastings was first to administer our product to NPC patients, route of administration was
Intravenous.
• This led directly to ground-breaking work of other physicians in the US, Brazil and other countries, then
ultimately to our decision to develop our version of hydroxypropyl beta cyclodextrin, Trappsol® Cyclo™, as
a treatment for Niemann-Pick Disease Type C.
3
• Phase II in Europe/Israel and Phase I in U.S. - recruiting, dosing in Niemann
Pick Disease Type C (NPC)
• NPC and AD, Compassionate Use Program ongoing in multiple countries
• Granted Orphan Drug Designation (ODD) by the U.S. Food and Drug
Administration and European Medicines Agency; Rare Pediatric Disease
Designation (U.S.) and Fast Track designation (U.S.)
• Alzheimer's Disease moving towards Phase I/II
• NPC represents significant $500mm+ annual addressable market
• Alzheimer’s Disease $1 Billion+ Opportunity
Approximately $10 million invested by insiders
• Recently closed $7.4M institutional equity financing.
• Cyclodextrins are modifiable for multiple therapeutic areas
• Company is leader in Intravenous use of cyclodextrins
• ODD gives market exclusivity for 7- 12 years
• The company holds trademark, copyright and trade secret intellectual
property around the Trappsol® Cyclo™ product.
Investment Highlights
Trappsol®
Cyclo™
Active clinical programs in
Niemann Pick Disease and
Alzheimer's Disease
Large Market
Opportunity
Strong Management
Team & Board
Robust
Cyclodextrin
Portfolio & IP
4
Strong Balance
Sheet
Trappsol® Cyclo™
• Trappsol ® Cyclo ™ is Cyclo’s proprietary formulation of hydroxypropyl betacyclodextrin.
• HPβCD = 7 glucose molecules in a ring, modified by adding propyl groups, to enhance solubility. The inner
core of HPBCDs can make complexes with cholesterol and other molecules.
• HPβCDs widely used as excipient in products including Sporanox (broad-spectrum anti-fungal), eye drops,
and mouthwash.
5
Figure is courtesy of David Begley, Kings College
This schematic represents interaction of cylinder shaped
cyclodextrins and cholesterol in a 1:1 or 1:2 ratio
β-Cyclodextrin, R=H
HPβCD, R=OCH2CH(CH3)OH or H
Niemann-Pick Disease Type C:
Overview
An autosomal recessive lysosomal
storage disease
1/80,000 - 1/120,000
Live Birth Incidences
The disease is associated
with accumulation of
cholesterol in late
endosomes and
lysosomes due to loss of
normal function of the
NPC protein (NPC1 in
95% of cases, NPC2 in
5% of cases).
NPC damage can be
found in the brain, liver,
and other body tissues.
Depending on severity of
the disease, cognitive
impairment, movement
disorders, swallowing,
lung, liver and other
normal functions are
affected.
NPC is highly variable,
presenting usually in
young children, who often
do not survive into
adulthood, and also has a
later onset presentation
which leads to longer
term disability. The
disease is difficult to
diagnose and, therefore,
under-diagnosed.
6
Niemann-Pick Disease Type C:
Market Potential
Existing NPC
Cases
Number of
live births
Incidence
New Cases /
Year
Annual
Diagnosis
Rate
Patient
Penetration
Treatable
Cases/Year
Annual IV
Orphan Drug
Price (Avg.)
3,000* 137,000,000 **1/100,000 1,370 25% 50% 171 $404,737***
* Extrapolation from BMC Neurol. Dec 15,15(1):257) and other assumptions **Wassif, C et al. Genet Med. 2016 January ; 18
(1):41-48***LifeSci Capital., “Analysis of Orphan Drug Market”. Feb 4, 2016,
7
• Addressable market approaching $500mm
• Diagnosis capacity is improving – numbers of patients seeking treatment will increase
Compassionate Use/Expanded Access with
Intravenous Trappsol ® Cyclo ™
• Cyclo’s expanded access program in NPC began in 2009 with US and Brazilian patients first to use Trappsol ® Cyclo
™ intravenously, later intrathecal added in some cases. Physicians in Europe later joined the program. Some patients
now nearing the 10 year mark.
• Cyclo gathered safety and efficacy data from 20 NPC patients in 2014 – 2015 and used these data to launch formal
clinical trials for Trappsol® Cyclo™.
• We learned from expanded access programs: Favorable safety profile allowed physicians to continue to use the drug
for many years; individual patients benefited by reduction in liver size; restoration of language skills; resolution of
interstitial lung disease; improvement in fine and gross motor skills, improvement in quality of life.
• Based on these findings, Cyclo published most extensive set of case studies on expanded access use of HPBCDs to
treat NPC children and young adults, October 2019, in peer-reviewed journal Orphanet J. Rare Diseases 2019,
14:228. Hastings, Vieira, Lui… and Hrynkow.
• No safety issues, drug was well-tolerated, easy to administer.
• Moderately affected NPC patients treated with HPBCD showed slowing of disease progression.
• “Neurologic and neurocognitive benefits were seen in most patients with IV alone, independent of the
administration of IT administration.”
In Sept. 2019, FDA approved a single IND program for a pediatric NPC patient with neurologic symptoms to receive IV
Trappsol ® Cyclo™
8
Trappsol® Cyclo™ Phase I Study to Evaluate
Safety and Impact On Biomarkers of NPC Disease
• Niemann-Pick Disease Type C
- Confirmed diagnosis of NPC – 1
- NIH NPC Severity Score <30 and with no
more then 4 individual domains with a score of
> 3
- Age range: 18 years upwards
• Total Sites: 2 in United States
- Emmes is supporting the study with site
management and monitoring
- UCSF Benioff Children’s Hospital Oakland, CA;
and, Morristown Medical Center, Morristown, NJ
• Trial Timeline
- First patient enrollment: Q’3 17
- First patient dosed Q’3 17
- Last patient enrolled Q’4 19
- Topline date expected Q’1 20
9
United
States
Randomization 6:6 Between Dose Groups
Trappsol® Cyclo™: Bi-weekly 8 hour intravenous
treatment for a period of 14 weeks
RANDOMIZE (N=12)
Dose Group 1
1500 mg/kg
Dose Group 2
2500 mg/kg
Primary
Endpoint
• Plasma levels of Trappsol® Cyclo™
Secondary
Endpoint
• Markers of Cholesterol
metabolism/synthesis
• CSF Levels of Trappsol® Cyclo™
• hepatic and splenic morphology
• global impression of disease
Exploratory
Endpoint
• CSF biomarkers of NPC Disease
Trappsol® Cyclo™
Phase I/II Study to Evaluate Safety and Efficacy
10
Europe
Randomization 4:4:4 Between Dose Groups
Trappsol® Cyclo™: Bi-weekly 8 hour intravenous
treatment for a period of 48 weeks
RANDOMIZE (N=12)
Dose Group 2
2000 mg/kg
Dose Group 1
1500 mg/kg
Dose Group 3
2500 mg/kg
Primary
Endpoint
• Plasma levels of Trappsol® Cyclo™
Secondary
Endpoint
• Markers of Cholesterol
metabolism/synthesis
• CSF Levels of Trappsol® Cyclo™
• Clinical Outcomes (motor Skills,
cognition, eye movements, liver
morphology et al)
• global impression of disease
Exploratory
Endpoint
• CSF biomarkers of NPC Disease
• Niemann-Pick Disease Type C
- Confirmed diagnosis of NPC – 1
- NIH NPC Severity Score <30 and with no
more then 4 individual domains with a score of
> 3
- Age range: 2 years upwards
• Total Sites: 5-6 in 4 Countries
- UK, Sweden, Italy, Israel
- Aptus/Synteract is supporting the trial with site
management and monitoring
• Trial Timeline
- First patient enrollment: Q’2 17
- First patient dosed Q’3 17
Initial Data from U.S. and E.U./Israel trials
• Safety data show positive profile.
• Trappsol® Cyclo™ releases cholesterol from cells of NPC patients, allowing for cells
to normalize.
• Trappsol® Cyclo™ crosses the blood-brain-barrier following IV administration.
• One marker for NPC disease severity, lysosphingomyelin-509, shows a downward
trend with successive administration of IV Trappsol® Cyclo™. Another biomarker of
neurodegeneration, tau, trends downward in the cerebrospinal fluid. This tells us
that as Trappsol ® Cyclo™ clears cholesterol from cells, there are downstream
effects on markers of NPC disease severity.
• Clinical efficacy data are limited but encouraging. Disease specific features,
including fine motor, gait, and cognition improve in some subjects. Most patients for
which data are available either stabilized or improved in disease specific features.
11
Milestones – Niemann Pick trials
• Phase I trial – Completed enrollment
• Phase I/II trial – completing enrollment
• Interim Analysis: Unblind data from Europe/Israel Phase I/II trial to correlate dose
and efficacy. Under discussion with regulators.
• Design of global pivotal trial -- Underway
• Meetings with Regulators to discuss pathway to approval – Upcoming
12
NPC and Alzheimer’s Disease share common features:
• Neurofibrillary tangles, tau, amyloid beta plaques in brains of NPC and AD patients
• Hypercholesterolemia is a risk factor for AD
• Lysosomal dysfunction found in both NPC and AD
• Increased cellular cholesterol increases the association of an enzyme, secretase, with
the precursor protein to amyloid beta (APP), leading to increased levels of amyloid beta
• Cognitive decline
Cell and Animal models for AD studies using HPBCDs show:
• HPBCDs added to cells that over-express the precursor protein APP lowers amyloid beta
• HPBCDs given subcutaneously to a mouse that over-expresses APP:
• reduces amyloid beta by reducing cleavage of APP;
• improves memory as shown in a standard water maze test;
• reduces microgliosis;
• up-regulates genes involved in cholesterol transport and amyloid beta clearance
(as well as NPC1)
13
Links between NPC and Alzheimer’s Disease
Reference: J. Yao, et al. Neuroprotection by cyclodextrin in cell and mouse models of Alzheimer disease. J. Exp. Med. 2012, V. 209 (13):
2501-2513
Alzheimer’s Disease
Compassionate Use Program
• Individual IND authorized by FDA to use Trappsol® Cyclo™ in late-onset Alzheimer’s
patient, first geriatric patient to receive Trappsol® Cyclo™
• PI is award-winning, highly recognized Alzheimer’s expert, Diana Kerwin MD
• President of Kerwin Research Center, Dallas Texas
• Formerly oversaw clinical trials and research for the National Institute on Aging-funded
Cognitive Neurology and Alzheimer’s Disease Center at Northwestern University,
Chicago
• Program costs funded 100% by external organization with Cyclo providing clinical manuals
and other clinical materials, validation methodologies for biomarker analyses, and expert
input on protocol design
• Intravenous Dosing of Alzheimer’s patient on a Monthly basis began in 2018
• FDA accepted annual report which described favorable safety profile, stabilization of
disease and improvements in behavior (less volatility and improved word-finding ability).
14
15
Partnering with a Purpose
About Worldwide
16
Why Worldwide
17
IP & Patent Protection
• The Company has a validated, robust manufacturing process for Trappsol® Cyclo™ that includes
important trade secret steps and is proven to be scalable to commercial production.
• Trappsol® Cyclo™ has stability monitoring data to support a 48 month expiration date and will
soon be able to support 60 months.
• This includes in-use stability data for 48 hours following dispensing
• The Company holds valuable registered trademarks and copyrights including the Trappsol®
Cyclo™ brand name
• Type II Drug Master File (DMF)
• Cyclo filed a patent, “Methods for Treating Alzheimer’s Disease”, with US Patent and Trademark
Office (Oct 2018); amended application based on 1-year data (Aug 2019); and filed International
Application/Patent Cooperation Treaty (Oct 2019)
• The filing describes dosing regimens and routes of administration of hydroxypropyl beta
cyclodextrins for the treatment of Alzheimer’s Disease.
• Orphan Drug Designation for NPC allows market exclusivity for 7 and 12 years in the US and EU,
respectively.
18
Management Team &
Board of Directors
N. Scott Fine Chairman & CEO
Sharon H. Hrynkow, PhD Chief Scientific Officer
Jeffrey L. Tate, PhD COO, CQO, Director
Michael Lisjak
Global Head of
Regulatory Affairs
Joshua M. Fine Chief Financial Officer
C.E. “Rick” Strattan Director & Founder
Markus Sieger Lead Director
William S. Shanahan Director
F. Patrick Ostronic Director
Randall Toig, MD Director
19
Scientific Advisory Board
Rita Colwell, PhD Co-Chair
Distinguished Professor, U. of Maryland, former
Director National Science Foundation
Sharon Hrynkow, PhD Co-Chair Cyclo CSO & SVPMA, Neuroscientist
M. Flint Beal, MD
Professor of Neurology and Neuroscience, Weill
Cornell Medical College
Caroline Hastings, MD
Fellowship Director, Pediatric
Hematologist/Oncologist, UCSF Benioff Children’s
Hospital Oakland
Benny Liu, MD
Gastroenterologist, Alameda Health System and
UCSF Benioff Children’s Hospital Oakland
20
• Phase II in Europe/Israel and Phase I in U.S. - recruiting, dosing in Niemann
Pick Disease Type C (NPC)
• NPC and AD, Compassionate Use Program ongoing in multiple countries
• Granted Orphan Drug Designation (ODD) by the U.S. Food and Drug
Administration and European Medicines Agency; Rare Pediatric Disease
Designation (U.S.) and Fast Track designation (U.S.)
• Alzheimer's Disease moving towards Phase I/II
• NPC represents significant $500mm+ annual addressable market
• Alzheimer’s Disease $1 Billion+ Opportunity
Approximately $10 million invested by insiders
• Recently closed $7.4M institutional equity financing.
• Cyclodextrins are modifiable for multiple therapeutic areas
• Company is leader in Intravenous use of cyclodextrins
• ODD gives market exclusivity for 7- 12 years
• The company holds trademark, copyright and trade secret intellectual
property around the Trappsol® Cyclo™ product.
Investment Highlights
Trappsol®
Cyclo™
Active clinical programs in
Niemann Pick Disease and
Alzheimer's Disease
Large Market
Opportunity
Strong Management
Team & Board
Robust
Cyclodextrin
Portfolio & IP
21
Strong Balance
Sheet
Thank You!
22

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Cyclo Therapeutics Investor Presentation

  • 2. Safe Harbor Statement Some of the information in this report relates to future events or future business and financial performance. Such statements constitute forward-looking information within the meaning of the Private Securities Litigation Act of 1995. Such statements can be only predictions and the actual events or results may differ from those discussed due to, among other things, the risks described in the public filings and other publications of Cyclo Therapeutics, Inc. Forward-looking statements are identified by words such as “anticipates”, “projects”, “expects”, “plans”, “intends”, “believes”, “estimates”, “target”, and other similar expressions that indicate trends and future events. The content of this report with respect to Cyclo Therapeutics, Inc. has been completed primarily from information available in the public released by Cyclo Therapeutics, Inc. through news releases and SEC filings. Cyclo Therapeutics, Inc. uses data from publicly available information and its accuracy has not been independently verified by Cyclo Therapeutics, Inc. Certain summaries of scientific activities and outcomes have been condensed to aid the reader in gaining general understanding. The information about Cyclo Therapeutics, Inc. and its subsidiaries is solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any state. Factors that could cause the Company’s results to differ materially from those expressed in forward looking statements include without limitation, variation in demand and the acceptance of the Company’s products and services, the frequency, magnitude and timing of raw material price changes, general business and economic conditions beyond the Company’s control, the consequences of competitive factors in the market place including the ability to attract and retain customers, and the Company’s success in attracting and retaining key personnel. Past performance does not guarantee future performance. This report is not to be copied, transmitted, displayed, distributed (for compensation or otherwise), or altered in any way without the prior written consent of Cyclo Therapeutics, Inc. 2
  • 3. Company Overview Cyclo Therapeutics, a clinical-stage biotechnology company, is developing cyclodextrin-based drugs for the treatment of disease. • Corporate headquarters in Gainesville, FL • Founded in 1990 as a cyclodextrin-distribution company • Game changer: Dr. Benny Liu showed in 2006 that one version of cyclodextrins, hydroxypropyl beta cyclodextrins, can release cholesterol from cells in animal models of Niemann-Pick Disease Type C (NPC). NPC is a rare inherited neurodegenerative disease that affects infants, children and adults. It is caused by an accumulation of lipids in the liver, brain and spleen. • This discovery led directly to Cyclo providing cyclodextrins to NPC families for use in compassionate programs. Dr. Hastings was first to administer our product to NPC patients, route of administration was Intravenous. • This led directly to ground-breaking work of other physicians in the US, Brazil and other countries, then ultimately to our decision to develop our version of hydroxypropyl beta cyclodextrin, Trappsol® Cyclo™, as a treatment for Niemann-Pick Disease Type C. 3
  • 4. • Phase II in Europe/Israel and Phase I in U.S. - recruiting, dosing in Niemann Pick Disease Type C (NPC) • NPC and AD, Compassionate Use Program ongoing in multiple countries • Granted Orphan Drug Designation (ODD) by the U.S. Food and Drug Administration and European Medicines Agency; Rare Pediatric Disease Designation (U.S.) and Fast Track designation (U.S.) • Alzheimer's Disease moving towards Phase I/II • NPC represents significant $500mm+ annual addressable market • Alzheimer’s Disease $1 Billion+ Opportunity Approximately $10 million invested by insiders • Recently closed $7.4M institutional equity financing. • Cyclodextrins are modifiable for multiple therapeutic areas • Company is leader in Intravenous use of cyclodextrins • ODD gives market exclusivity for 7- 12 years • The company holds trademark, copyright and trade secret intellectual property around the Trappsol® Cyclo™ product. Investment Highlights Trappsol® Cyclo™ Active clinical programs in Niemann Pick Disease and Alzheimer's Disease Large Market Opportunity Strong Management Team & Board Robust Cyclodextrin Portfolio & IP 4 Strong Balance Sheet
  • 5. Trappsol® Cyclo™ • Trappsol ® Cyclo ™ is Cyclo’s proprietary formulation of hydroxypropyl betacyclodextrin. • HPβCD = 7 glucose molecules in a ring, modified by adding propyl groups, to enhance solubility. The inner core of HPBCDs can make complexes with cholesterol and other molecules. • HPβCDs widely used as excipient in products including Sporanox (broad-spectrum anti-fungal), eye drops, and mouthwash. 5 Figure is courtesy of David Begley, Kings College This schematic represents interaction of cylinder shaped cyclodextrins and cholesterol in a 1:1 or 1:2 ratio β-Cyclodextrin, R=H HPβCD, R=OCH2CH(CH3)OH or H
  • 6. Niemann-Pick Disease Type C: Overview An autosomal recessive lysosomal storage disease 1/80,000 - 1/120,000 Live Birth Incidences The disease is associated with accumulation of cholesterol in late endosomes and lysosomes due to loss of normal function of the NPC protein (NPC1 in 95% of cases, NPC2 in 5% of cases). NPC damage can be found in the brain, liver, and other body tissues. Depending on severity of the disease, cognitive impairment, movement disorders, swallowing, lung, liver and other normal functions are affected. NPC is highly variable, presenting usually in young children, who often do not survive into adulthood, and also has a later onset presentation which leads to longer term disability. The disease is difficult to diagnose and, therefore, under-diagnosed. 6
  • 7. Niemann-Pick Disease Type C: Market Potential Existing NPC Cases Number of live births Incidence New Cases / Year Annual Diagnosis Rate Patient Penetration Treatable Cases/Year Annual IV Orphan Drug Price (Avg.) 3,000* 137,000,000 **1/100,000 1,370 25% 50% 171 $404,737*** * Extrapolation from BMC Neurol. Dec 15,15(1):257) and other assumptions **Wassif, C et al. Genet Med. 2016 January ; 18 (1):41-48***LifeSci Capital., “Analysis of Orphan Drug Market”. Feb 4, 2016, 7 • Addressable market approaching $500mm • Diagnosis capacity is improving – numbers of patients seeking treatment will increase
  • 8. Compassionate Use/Expanded Access with Intravenous Trappsol ® Cyclo ™ • Cyclo’s expanded access program in NPC began in 2009 with US and Brazilian patients first to use Trappsol ® Cyclo ™ intravenously, later intrathecal added in some cases. Physicians in Europe later joined the program. Some patients now nearing the 10 year mark. • Cyclo gathered safety and efficacy data from 20 NPC patients in 2014 – 2015 and used these data to launch formal clinical trials for Trappsol® Cyclo™. • We learned from expanded access programs: Favorable safety profile allowed physicians to continue to use the drug for many years; individual patients benefited by reduction in liver size; restoration of language skills; resolution of interstitial lung disease; improvement in fine and gross motor skills, improvement in quality of life. • Based on these findings, Cyclo published most extensive set of case studies on expanded access use of HPBCDs to treat NPC children and young adults, October 2019, in peer-reviewed journal Orphanet J. Rare Diseases 2019, 14:228. Hastings, Vieira, Lui… and Hrynkow. • No safety issues, drug was well-tolerated, easy to administer. • Moderately affected NPC patients treated with HPBCD showed slowing of disease progression. • “Neurologic and neurocognitive benefits were seen in most patients with IV alone, independent of the administration of IT administration.” In Sept. 2019, FDA approved a single IND program for a pediatric NPC patient with neurologic symptoms to receive IV Trappsol ® Cyclo™ 8
  • 9. Trappsol® Cyclo™ Phase I Study to Evaluate Safety and Impact On Biomarkers of NPC Disease • Niemann-Pick Disease Type C - Confirmed diagnosis of NPC – 1 - NIH NPC Severity Score <30 and with no more then 4 individual domains with a score of > 3 - Age range: 18 years upwards • Total Sites: 2 in United States - Emmes is supporting the study with site management and monitoring - UCSF Benioff Children’s Hospital Oakland, CA; and, Morristown Medical Center, Morristown, NJ • Trial Timeline - First patient enrollment: Q’3 17 - First patient dosed Q’3 17 - Last patient enrolled Q’4 19 - Topline date expected Q’1 20 9 United States Randomization 6:6 Between Dose Groups Trappsol® Cyclo™: Bi-weekly 8 hour intravenous treatment for a period of 14 weeks RANDOMIZE (N=12) Dose Group 1 1500 mg/kg Dose Group 2 2500 mg/kg Primary Endpoint • Plasma levels of Trappsol® Cyclo™ Secondary Endpoint • Markers of Cholesterol metabolism/synthesis • CSF Levels of Trappsol® Cyclo™ • hepatic and splenic morphology • global impression of disease Exploratory Endpoint • CSF biomarkers of NPC Disease
  • 10. Trappsol® Cyclo™ Phase I/II Study to Evaluate Safety and Efficacy 10 Europe Randomization 4:4:4 Between Dose Groups Trappsol® Cyclo™: Bi-weekly 8 hour intravenous treatment for a period of 48 weeks RANDOMIZE (N=12) Dose Group 2 2000 mg/kg Dose Group 1 1500 mg/kg Dose Group 3 2500 mg/kg Primary Endpoint • Plasma levels of Trappsol® Cyclo™ Secondary Endpoint • Markers of Cholesterol metabolism/synthesis • CSF Levels of Trappsol® Cyclo™ • Clinical Outcomes (motor Skills, cognition, eye movements, liver morphology et al) • global impression of disease Exploratory Endpoint • CSF biomarkers of NPC Disease • Niemann-Pick Disease Type C - Confirmed diagnosis of NPC – 1 - NIH NPC Severity Score <30 and with no more then 4 individual domains with a score of > 3 - Age range: 2 years upwards • Total Sites: 5-6 in 4 Countries - UK, Sweden, Italy, Israel - Aptus/Synteract is supporting the trial with site management and monitoring • Trial Timeline - First patient enrollment: Q’2 17 - First patient dosed Q’3 17
  • 11. Initial Data from U.S. and E.U./Israel trials • Safety data show positive profile. • Trappsol® Cyclo™ releases cholesterol from cells of NPC patients, allowing for cells to normalize. • Trappsol® Cyclo™ crosses the blood-brain-barrier following IV administration. • One marker for NPC disease severity, lysosphingomyelin-509, shows a downward trend with successive administration of IV Trappsol® Cyclo™. Another biomarker of neurodegeneration, tau, trends downward in the cerebrospinal fluid. This tells us that as Trappsol ® Cyclo™ clears cholesterol from cells, there are downstream effects on markers of NPC disease severity. • Clinical efficacy data are limited but encouraging. Disease specific features, including fine motor, gait, and cognition improve in some subjects. Most patients for which data are available either stabilized or improved in disease specific features. 11
  • 12. Milestones – Niemann Pick trials • Phase I trial – Completed enrollment • Phase I/II trial – completing enrollment • Interim Analysis: Unblind data from Europe/Israel Phase I/II trial to correlate dose and efficacy. Under discussion with regulators. • Design of global pivotal trial -- Underway • Meetings with Regulators to discuss pathway to approval – Upcoming 12
  • 13. NPC and Alzheimer’s Disease share common features: • Neurofibrillary tangles, tau, amyloid beta plaques in brains of NPC and AD patients • Hypercholesterolemia is a risk factor for AD • Lysosomal dysfunction found in both NPC and AD • Increased cellular cholesterol increases the association of an enzyme, secretase, with the precursor protein to amyloid beta (APP), leading to increased levels of amyloid beta • Cognitive decline Cell and Animal models for AD studies using HPBCDs show: • HPBCDs added to cells that over-express the precursor protein APP lowers amyloid beta • HPBCDs given subcutaneously to a mouse that over-expresses APP: • reduces amyloid beta by reducing cleavage of APP; • improves memory as shown in a standard water maze test; • reduces microgliosis; • up-regulates genes involved in cholesterol transport and amyloid beta clearance (as well as NPC1) 13 Links between NPC and Alzheimer’s Disease Reference: J. Yao, et al. Neuroprotection by cyclodextrin in cell and mouse models of Alzheimer disease. J. Exp. Med. 2012, V. 209 (13): 2501-2513
  • 14. Alzheimer’s Disease Compassionate Use Program • Individual IND authorized by FDA to use Trappsol® Cyclo™ in late-onset Alzheimer’s patient, first geriatric patient to receive Trappsol® Cyclo™ • PI is award-winning, highly recognized Alzheimer’s expert, Diana Kerwin MD • President of Kerwin Research Center, Dallas Texas • Formerly oversaw clinical trials and research for the National Institute on Aging-funded Cognitive Neurology and Alzheimer’s Disease Center at Northwestern University, Chicago • Program costs funded 100% by external organization with Cyclo providing clinical manuals and other clinical materials, validation methodologies for biomarker analyses, and expert input on protocol design • Intravenous Dosing of Alzheimer’s patient on a Monthly basis began in 2018 • FDA accepted annual report which described favorable safety profile, stabilization of disease and improvements in behavior (less volatility and improved word-finding ability). 14
  • 18. IP & Patent Protection • The Company has a validated, robust manufacturing process for Trappsol® Cyclo™ that includes important trade secret steps and is proven to be scalable to commercial production. • Trappsol® Cyclo™ has stability monitoring data to support a 48 month expiration date and will soon be able to support 60 months. • This includes in-use stability data for 48 hours following dispensing • The Company holds valuable registered trademarks and copyrights including the Trappsol® Cyclo™ brand name • Type II Drug Master File (DMF) • Cyclo filed a patent, “Methods for Treating Alzheimer’s Disease”, with US Patent and Trademark Office (Oct 2018); amended application based on 1-year data (Aug 2019); and filed International Application/Patent Cooperation Treaty (Oct 2019) • The filing describes dosing regimens and routes of administration of hydroxypropyl beta cyclodextrins for the treatment of Alzheimer’s Disease. • Orphan Drug Designation for NPC allows market exclusivity for 7 and 12 years in the US and EU, respectively. 18
  • 19. Management Team & Board of Directors N. Scott Fine Chairman & CEO Sharon H. Hrynkow, PhD Chief Scientific Officer Jeffrey L. Tate, PhD COO, CQO, Director Michael Lisjak Global Head of Regulatory Affairs Joshua M. Fine Chief Financial Officer C.E. “Rick” Strattan Director & Founder Markus Sieger Lead Director William S. Shanahan Director F. Patrick Ostronic Director Randall Toig, MD Director 19
  • 20. Scientific Advisory Board Rita Colwell, PhD Co-Chair Distinguished Professor, U. of Maryland, former Director National Science Foundation Sharon Hrynkow, PhD Co-Chair Cyclo CSO & SVPMA, Neuroscientist M. Flint Beal, MD Professor of Neurology and Neuroscience, Weill Cornell Medical College Caroline Hastings, MD Fellowship Director, Pediatric Hematologist/Oncologist, UCSF Benioff Children’s Hospital Oakland Benny Liu, MD Gastroenterologist, Alameda Health System and UCSF Benioff Children’s Hospital Oakland 20
  • 21. • Phase II in Europe/Israel and Phase I in U.S. - recruiting, dosing in Niemann Pick Disease Type C (NPC) • NPC and AD, Compassionate Use Program ongoing in multiple countries • Granted Orphan Drug Designation (ODD) by the U.S. Food and Drug Administration and European Medicines Agency; Rare Pediatric Disease Designation (U.S.) and Fast Track designation (U.S.) • Alzheimer's Disease moving towards Phase I/II • NPC represents significant $500mm+ annual addressable market • Alzheimer’s Disease $1 Billion+ Opportunity Approximately $10 million invested by insiders • Recently closed $7.4M institutional equity financing. • Cyclodextrins are modifiable for multiple therapeutic areas • Company is leader in Intravenous use of cyclodextrins • ODD gives market exclusivity for 7- 12 years • The company holds trademark, copyright and trade secret intellectual property around the Trappsol® Cyclo™ product. Investment Highlights Trappsol® Cyclo™ Active clinical programs in Niemann Pick Disease and Alzheimer's Disease Large Market Opportunity Strong Management Team & Board Robust Cyclodextrin Portfolio & IP 21 Strong Balance Sheet