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Charles	
  McDermo.	
  
Interim	
  President	
  and	
  CBO	
  
Ophthalmology	
  Innova/on	
  Summit	
  -­‐	
  October	
  2014	
  
Penetra'ng	
  mucosal	
  barriers	
  to	
  maximize	
  
ocular	
  therapeu'c	
  outcome	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  2	
  
Product/Indica9ons	
   Preclinical	
   PhI	
   PhII	
   PhIII	
   Launch	
  
Post	
  Cataract	
  Surgery	
  
Dry	
  Eye	
  
Meibomian	
  Gland	
  Disease	
  
Topical	
  Diabe/c	
  Macular	
  
Edema	
  
Topical	
  Wet	
  AMD	
  
LE-­‐MPP	
  (0.25%	
  QID,	
  1%	
  BID)	
  	
  	
  	
  	
  	
  	
  	
   	
   	
  Ph	
  III	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
LE-­‐MPP	
  (0.25%	
  QID)	
  	
  	
  	
  	
  	
  	
  	
  	
  PhII	
  	
  
LE-­‐MPP	
  (0.25%	
  QID)	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  PhII	
  
RTKi*	
  
LE-­‐MPP	
  (1.0%	
  QID)	
  	
   	
  	
  	
  	
  POC	
  
*	
  Lead	
  RTKi	
  cellular	
  IC50	
  Potency	
  ~	
  KDR	
  0.2nM	
  /	
  PDGF	
  11nM	
  
Kala’s	
  Internal	
  Eyecare	
  Pipeline	
  
LE	
  MPP	
  =	
  Kala’s	
  Loteprednol	
  Etabonate	
  Mucus	
  Penetra'ng	
  Nano-­‐Par'cle	
  Formula'on	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  3	
  
•  Sterile,	
  aqueous	
  nanosuspension	
  of	
  LE	
  MPP	
  for	
  ophthalmic	
  dosing	
  
•  Scalable	
  cGMP	
  manufacturing	
  	
  
•  All	
  excipients	
  FDA-­‐approved	
  for	
  ophthalmic	
  route	
  	
  
•  Stable	
  (2	
  yrs	
  projected	
  shelf	
  life)	
  in	
  ready-­‐to-­‐use	
  form	
  (non-­‐viscous	
  eye	
  drops)	
  
1%	
  LE	
  MPP	
  at	
  25°C	
  
(representa9ve	
  batch)	
  
Test
Representa9ve	
  batch	
  
at	
  12	
  mo
Appearance 	
  !
LE	
  Assay 	
  !
LE	
  Related	
  Impuri/es 	
  !
Preserva/ve	
  Assay 	
  !
Par/cle	
  Size 	
  !
pH 	
  !
Osmolality 	
  !
!	
  =	
  meets	
  specifica/ons	
  
MPP	
  =	
  Scalable	
  CMC	
  and	
  Stable	
  Drug	
  Products	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  4	
  
Rabbit	
  Study	
  of	
  Kala	
  LE	
  MPP	
  &	
  Conven9onal	
  LE	
  	
  
Formula9ons	
  Supports	
  Phase	
  II	
  Dry	
  Eye	
  Trial	
  
In	
  a	
  rabbit	
  study,	
  LE-­‐MPP	
  outperformed	
  Lotemax®	
  suspension	
  and	
  similarly	
  sized	
  
non-­‐MPP	
  nanopar9cles	
  at	
  the	
  same	
  dose	
  
Single	
  topical	
  administra/on	
  of	
  equivalent	
  drug	
  doses	
  to	
  NZW	
  rabbit	
  eyes	
  at	
  t=0.	
  [n=6	
  eyes//me	
  point]	
  
LE	
  MPP	
  0.5	
  %	
  
LE	
  nanopar9cle	
  0.5	
  %	
  
Lotemax®	
  suspension	
  0.5	
  %	
  
Corneal	
  Drug	
  Levels	
  aCer	
  single	
  topical	
  dose	
  in	
  NZW	
  rabbits	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  5	
  
LE	
  MPP	
  Delivery	
  to	
  Eyelid	
  Margins	
  in	
  Mini-­‐Pigs	
  	
  
Supports	
  Phase	
  II	
  MGD	
  Clinical	
  Trail	
  
1%	
  LE-­‐MPP	
  dosed	
  QID	
  for	
  5	
  days	
  to	
  mini-­‐pigs	
  	
  
Peak	
  LE	
  concentra9ons	
  in	
  the	
  eyelid	
  margins	
  ~20-­‐fold	
  higher	
  than	
  corneal	
  levels	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  6	
  
Re'nal	
  Levels	
  ACer	
  Topical	
  Dosing	
  of	
  1%	
  LE-­‐MPP	
  in	
  Mini-­‐pigs	
  	
  
Pig	
  AUC0-­‐2	
  (Dosed/Non-­‐Dosed	
  eye)	
  Ra/os	
  
Re/na	
  =	
  6	
  
LE	
  MPP	
  Topical	
  Delivery	
  to	
  the	
  Re9na	
  in	
  Mini-­‐Pigs	
  
Supports	
  DME	
  Trial	
  
Higher	
  re9nal	
  levels	
  in	
  dosed	
  vs	
  non-­‐dosed	
  eye	
  in	
  mini-­‐pigs	
  supports	
  local	
  
route	
  delivery	
  to	
  re9na	
  with	
  LE-­‐MPP	
  
Schopf	
  et	
  al,	
  submi2ed	
  for	
  publica5on	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  7	
  
RTKi-­‐MPP	
  Re9nal	
  Delivery	
  Following	
  Single	
  Topical	
  Dose	
  	
  
~1500-­‐fold	
  >	
  
cellular	
  IC50	
  
~500-­‐fold	
  >	
  
cellular	
  IC50	
  
2%	
  K0010-­‐MPP	
  single	
  topical	
  dose	
  
Rabbit	
  Data	
  
Re9nal	
  Drug	
  Level	
  
MPP	
  delivered	
  re9nal	
  concentra9ons	
  well	
  above	
  IC50	
  over	
  	
  
24	
  hrs	
  aaer	
  single	
  topical	
  dose	
  of	
  2%	
  K0010	
  –	
  MPP	
  in	
  rabbits	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  8	
  
Topical	
  Dosing	
  of	
  RTKi-­‐MPP	
  Equivalent	
  to	
  Intravitreal	
  Avas9n®	
  in	
  
Rabbit	
  VEGF	
  Model	
  
	
  	
  	
  Study	
  Design	
  
• 4	
  treatment	
  groups	
  
‒  Avas9n®	
  IVT	
  at	
  day	
  1	
  
‒  Vehicle	
  q4h	
  days	
  1	
  –	
  6	
  
‒  1%	
  K-­‐0010	
  q4h	
  days	
  1	
  –	
  6	
  
‒  1%	
  K-­‐0010	
  qd	
  days	
  3	
  –	
  6	
  
• VEGF	
  challenge	
  on	
  day	
  3	
  
• Fluorescein	
  angiography	
  on	
  
day	
  6	
  to	
  grade	
  leakage	
  
V
e
h
ic
le
A
v
a
s
tin
IV
T
1
%
K
0
0
1
0
-M
P
P
(q
4
h
r)
1
%
K
0
0
1
0
--M
P
P
(Q
D
)
0
1
2
3
4
LeakageScore
Sta9s9cally	
  Equivalent	
  
In	
  this	
  rabbit	
  study,	
  K0010-­‐MPP	
  dosed	
  every	
  4	
  hours	
  or	
  once	
  daily	
  showed	
  
efficacy	
  equivalent	
  to	
  Avas9n®	
  IVT	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  9	
  
RTKI-­‐MPP	
  Topical	
  Delivery	
  to	
  Re9na	
  &	
  Choroid	
  in	
  Mini-­‐Pigs	
  
C h o r o i d
H o u r s
0 1 2 3 4
0
1 0
2 0
3 0
4 0
5 0
6 0
7 0
8 0
9 0
1 0 0 2 . 0 % M P P ( D o s e d E y e )
N o n - D o s e d E y e
Concentration(nM)
R e t i n a
H o u r s
0 1 2 3 4
0
5
1 0
1 5
2 0
Concentration(nM)
2 . 0 % M P P ( D o s e d E y e )
N o n - D o s e d E y e
Dosed	
  eye	
  higher	
  than	
  non-­‐dosed	
  eye	
  in	
  both	
  re9na	
  and	
  choroid	
  in	
  mini-­‐pigs,	
  
sugges9ng	
  local	
  delivery	
  to	
  back	
  of	
  eye	
  
Schopf	
  et	
  al,	
  submi2ed	
  for	
  publica5on	
  
Fellow	
  Eye	
  Control:	
  Dosed	
  Eye	
  Drug	
  Levels	
  in	
  Re'na	
  &	
  Choroid	
  3	
  –	
  4	
  'mes	
  Non-­‐dosed	
  Eye	
  	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  10	
  
Lead	
  R&D	
  Programs:	
  Exclusive	
  Topical	
  Eyecare	
  Products	
  
•  LE	
  MPP	
  front	
  of	
  eye	
  and	
  back	
  of	
  eye	
  clinical	
  programs	
  
•  RTKi	
  VEGF/PDGF	
  pre-­‐clinical	
  re/na	
  program	
  
Follow	
  On	
  R&D	
  Programs:	
  Respiratory,	
  GI,	
  and	
  Women’s	
  Health	
  
•  Preclinical	
  data	
  confirming	
  poten/al	
  of	
  Kala	
  MPP	
  technology	
  to	
  address	
  diseases	
  
affec/ng	
  mucus	
  protected	
  organs	
  
•  Extending	
  use	
  of	
  the	
  plahorm	
  in	
  therapeu/c	
  areas	
  beyond	
  ophthalmology	
  
	
  
MPP	
  Plajorm	
  Technology:	
  
•  Novel	
  exclusive	
  local	
  drug	
  delivery	
  technology	
  	
  
•  Tunable	
  technology	
  that	
  may	
  be	
  engineered	
  to	
  apply	
  to	
  a	
  wide	
  range	
  of	
  molecules	
  
•  Kala	
  MPPs	
  are	
  scalable	
  and	
  manufacturable	
  in	
  a	
  pharmaceu/cally	
  acceptable	
  
manner	
  
Kala	
  MPP	
  Plajorm	
  Programs	
  
KALA	
  PHARMACEUTICALS	
  |	
  Ophthalmology	
  Innova/on	
  Summit|	
  October	
  2014	
  |	
  Page	
  11	
  
Partnering:	
  MPP	
  Plajorm	
  and	
  Kala	
  Clinical	
  Programs	
  
MPP	
  Plajorm	
  Technology:	
  Partner	
  Compounds	
  
Discovery	
  License	
  and	
  Supply	
  Agreements	
  
•  Feasibility	
  agreements	
  à	
  license	
  and	
  supply	
  agreements	
  	
  
•  Term	
  sheets	
  à	
  license	
  and	
  supply	
  agreements	
  
	
  
LE	
  MPP	
  Clinical	
  Programs:	
  Strategic	
  Partnership	
  
•  Data	
  room	
  is	
  open	
  to	
  all	
  interested	
  par/es.	
  	
  
•  Consider	
  license	
  and	
  supply	
  agreements,	
  M&A,	
  asset	
  separa/ons,	
  regional	
  deals,	
  
and	
  go	
  it	
  alone	
  strategies.	
  	
  

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Kala Pharmaceuticals

  • 1. Charles  McDermo.   Interim  President  and  CBO   Ophthalmology  Innova/on  Summit  -­‐  October  2014   Penetra'ng  mucosal  barriers  to  maximize   ocular  therapeu'c  outcome  
  • 2. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  2   Product/Indica9ons   Preclinical   PhI   PhII   PhIII   Launch   Post  Cataract  Surgery   Dry  Eye   Meibomian  Gland  Disease   Topical  Diabe/c  Macular   Edema   Topical  Wet  AMD   LE-­‐MPP  (0.25%  QID,  1%  BID)                    Ph  III                               LE-­‐MPP  (0.25%  QID)                  PhII     LE-­‐MPP  (0.25%  QID)                    PhII   RTKi*   LE-­‐MPP  (1.0%  QID)            POC   *  Lead  RTKi  cellular  IC50  Potency  ~  KDR  0.2nM  /  PDGF  11nM   Kala’s  Internal  Eyecare  Pipeline   LE  MPP  =  Kala’s  Loteprednol  Etabonate  Mucus  Penetra'ng  Nano-­‐Par'cle  Formula'on  
  • 3. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  3   •  Sterile,  aqueous  nanosuspension  of  LE  MPP  for  ophthalmic  dosing   •  Scalable  cGMP  manufacturing     •  All  excipients  FDA-­‐approved  for  ophthalmic  route     •  Stable  (2  yrs  projected  shelf  life)  in  ready-­‐to-­‐use  form  (non-­‐viscous  eye  drops)   1%  LE  MPP  at  25°C   (representa9ve  batch)   Test Representa9ve  batch   at  12  mo Appearance  ! LE  Assay  ! LE  Related  Impuri/es  ! Preserva/ve  Assay  ! Par/cle  Size  ! pH  ! Osmolality  ! !  =  meets  specifica/ons   MPP  =  Scalable  CMC  and  Stable  Drug  Products  
  • 4. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  4   Rabbit  Study  of  Kala  LE  MPP  &  Conven9onal  LE     Formula9ons  Supports  Phase  II  Dry  Eye  Trial   In  a  rabbit  study,  LE-­‐MPP  outperformed  Lotemax®  suspension  and  similarly  sized   non-­‐MPP  nanopar9cles  at  the  same  dose   Single  topical  administra/on  of  equivalent  drug  doses  to  NZW  rabbit  eyes  at  t=0.  [n=6  eyes//me  point]   LE  MPP  0.5  %   LE  nanopar9cle  0.5  %   Lotemax®  suspension  0.5  %   Corneal  Drug  Levels  aCer  single  topical  dose  in  NZW  rabbits  
  • 5. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  5   LE  MPP  Delivery  to  Eyelid  Margins  in  Mini-­‐Pigs     Supports  Phase  II  MGD  Clinical  Trail   1%  LE-­‐MPP  dosed  QID  for  5  days  to  mini-­‐pigs     Peak  LE  concentra9ons  in  the  eyelid  margins  ~20-­‐fold  higher  than  corneal  levels  
  • 6. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  6   Re'nal  Levels  ACer  Topical  Dosing  of  1%  LE-­‐MPP  in  Mini-­‐pigs     Pig  AUC0-­‐2  (Dosed/Non-­‐Dosed  eye)  Ra/os   Re/na  =  6   LE  MPP  Topical  Delivery  to  the  Re9na  in  Mini-­‐Pigs   Supports  DME  Trial   Higher  re9nal  levels  in  dosed  vs  non-­‐dosed  eye  in  mini-­‐pigs  supports  local   route  delivery  to  re9na  with  LE-­‐MPP   Schopf  et  al,  submi2ed  for  publica5on  
  • 7. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  7   RTKi-­‐MPP  Re9nal  Delivery  Following  Single  Topical  Dose     ~1500-­‐fold  >   cellular  IC50   ~500-­‐fold  >   cellular  IC50   2%  K0010-­‐MPP  single  topical  dose   Rabbit  Data   Re9nal  Drug  Level   MPP  delivered  re9nal  concentra9ons  well  above  IC50  over     24  hrs  aaer  single  topical  dose  of  2%  K0010  –  MPP  in  rabbits  
  • 8. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  8   Topical  Dosing  of  RTKi-­‐MPP  Equivalent  to  Intravitreal  Avas9n®  in   Rabbit  VEGF  Model        Study  Design   • 4  treatment  groups   ‒  Avas9n®  IVT  at  day  1   ‒  Vehicle  q4h  days  1  –  6   ‒  1%  K-­‐0010  q4h  days  1  –  6   ‒  1%  K-­‐0010  qd  days  3  –  6   • VEGF  challenge  on  day  3   • Fluorescein  angiography  on   day  6  to  grade  leakage   V e h ic le A v a s tin IV T 1 % K 0 0 1 0 -M P P (q 4 h r) 1 % K 0 0 1 0 --M P P (Q D ) 0 1 2 3 4 LeakageScore Sta9s9cally  Equivalent   In  this  rabbit  study,  K0010-­‐MPP  dosed  every  4  hours  or  once  daily  showed   efficacy  equivalent  to  Avas9n®  IVT  
  • 9. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  9   RTKI-­‐MPP  Topical  Delivery  to  Re9na  &  Choroid  in  Mini-­‐Pigs   C h o r o i d H o u r s 0 1 2 3 4 0 1 0 2 0 3 0 4 0 5 0 6 0 7 0 8 0 9 0 1 0 0 2 . 0 % M P P ( D o s e d E y e ) N o n - D o s e d E y e Concentration(nM) R e t i n a H o u r s 0 1 2 3 4 0 5 1 0 1 5 2 0 Concentration(nM) 2 . 0 % M P P ( D o s e d E y e ) N o n - D o s e d E y e Dosed  eye  higher  than  non-­‐dosed  eye  in  both  re9na  and  choroid  in  mini-­‐pigs,   sugges9ng  local  delivery  to  back  of  eye   Schopf  et  al,  submi2ed  for  publica5on   Fellow  Eye  Control:  Dosed  Eye  Drug  Levels  in  Re'na  &  Choroid  3  –  4  'mes  Non-­‐dosed  Eye    
  • 10. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  10   Lead  R&D  Programs:  Exclusive  Topical  Eyecare  Products   •  LE  MPP  front  of  eye  and  back  of  eye  clinical  programs   •  RTKi  VEGF/PDGF  pre-­‐clinical  re/na  program   Follow  On  R&D  Programs:  Respiratory,  GI,  and  Women’s  Health   •  Preclinical  data  confirming  poten/al  of  Kala  MPP  technology  to  address  diseases   affec/ng  mucus  protected  organs   •  Extending  use  of  the  plahorm  in  therapeu/c  areas  beyond  ophthalmology     MPP  Plajorm  Technology:   •  Novel  exclusive  local  drug  delivery  technology     •  Tunable  technology  that  may  be  engineered  to  apply  to  a  wide  range  of  molecules   •  Kala  MPPs  are  scalable  and  manufacturable  in  a  pharmaceu/cally  acceptable   manner   Kala  MPP  Plajorm  Programs  
  • 11. KALA  PHARMACEUTICALS  |  Ophthalmology  Innova/on  Summit|  October  2014  |  Page  11   Partnering:  MPP  Plajorm  and  Kala  Clinical  Programs   MPP  Plajorm  Technology:  Partner  Compounds   Discovery  License  and  Supply  Agreements   •  Feasibility  agreements  à  license  and  supply  agreements     •  Term  sheets  à  license  and  supply  agreements     LE  MPP  Clinical  Programs:  Strategic  Partnership   •  Data  room  is  open  to  all  interested  par/es.     •  Consider  license  and  supply  agreements,  M&A,  asset  separa/ons,  regional  deals,   and  go  it  alone  strategies.