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CARDIO-METABOLIC DISEASE ALN-PCSsc, an Investigational RNAi Therapeutic for the Treatment of Hypercholesterolemia September 16, 2015 1 © 2015 Alnylam Pharmaceuticals, Inc. Agenda Welcome • Joshua Brodsky Senior Manager, Investor Relations and Corporate Communications Introduction • Barry Greene President and Chief Operating Officer Overview of Hypercholesterolemia • Marc S. Sabatine, M.D., M.P.H., Chairman, Thrombolysis in Myocardial Infarction (TIMI) Study Group at Brigham and Women’s Hospital, Lewis Dexter, MD Distinguished Chair in Cardiovascular Medicine, and Professor of Medicine, Harvard Medical School Q&A Session • With Dr. Sabatine ALN-PCSsc Program • Kevin Fitzgerald, Ph.D., Vice President, Research • David Kallend, MBBS, Vice President and Global Medical Director, The Medicines Company Q&A Session 2 Reminders • Event will run for approximately 60 minutes • Q&A Session at end of each presentation ◦ Submit questions at bottom of webcast screen ◦ Questions may be submitted at any time • Replay, slides and audio available at www.alnylam.com 3 Alnylam Forward Looking Statements This presentation contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. There are a number of important factors that could cause actual results to differ materially from the results anticipated by these forward-looking statements. These important factors include our ability to discover and develop novel drug candidates and delivery approaches, successfully demonstrate the efficacy and safety of our drug candidates, obtain, maintain and protect intellectual property, enforce our patents and defend our patent portfolio, obtain regulatory approval for products, establish and maintain business alliances; our dependence on third parties for access to intellectual property; and the outcome of litigation, as well as those risks more fully discussed in our most recent quarterly report on Form 10-Q under the caption “Risk Factors.” If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. All forward-looking statements speak only as of the date of this presentation and, except as required by law, we undertake no obligation to update such statements. 4 Agenda Welcome • Joshua Brodsky Senior Manager, Investor Relations and Corporate Communications Introduction • Barry Greene President and Chief Operating Officer Overview of Hypercholesterolemia • Marc S. Sabatine, M.D., M.P.H., Chairman, Thrombolysis in Myocardial Infarction (TIMI) Study Group at Brigham and Women’s Hospital, Lewis Dexter, MD Distinguished Chair in Cardiovascular Medicine, and Professor of Medicine, Harvard Medical School Q&A Session • With Dr. Sabatine ALN-PCSsc Program • Kevin Fitzgerald, Ph.D., Vice President, Research • David Kallend, MBBS, Vice President and Global Medical Director, The Medicines Company Q&A Session 5 Alnylam RNAi Therapeutics Strategy A Reproducible and Modular Path for Innovative Medicines 2. POC achieved in Phase 1 GCCCCUGGAGGG Blood-based biomarker with strong disease correlation ◦ e.g., Serum TTR, thrombin generation, hemolytic activity, LDL-C, HBsAg levels 3. Definable path to approval and market 1. Liver-expressed target gene Involved in disease with high unmet need Validated in human genetics GalNAc-siRNA enables SC dosing with wide therapeutic index 6 Established endpoints Focused trial size Large treatment effect Collaborative approach with physicians, regulators, patient groups, and payers 7 7 8 8 CARDIO-METABOLIC DISEASE A Vision for Innovation in ACVD Anticipated Product Profile Statins PCSK9 MAb ALN-PCSsc Efficacy Safety Adherence Dx – Rx cycle fit Patient satisfaction Value opportunity Projected 9 9 Supported A Vision for Innovation in ACVD Potential to Revolutionize the Dx-Rx Cycle • Quarterly or potentially biannual dosing of ALN-PCSsc would uniquely align monitoring and treatment cycle • 3-6 monthly cholesterol check • 3-6 monthly sc injection • Oversight by physician with treatment monitored, or given by physician or retail pharmacy 24/7 • Adherence, patient satisfaction and value improvement potential 10 10 CARDIO-METABOLIC DISEASE Agenda Welcome • Joshua Brodsky Senior Manager, Investor Relations and Corporate Communications Introduction • Barry Greene President and Chief Operating Officer Overview of Hypercholesterolemia • Marc S. Sabatine, M.D., M.P.H., Chairman, Thrombolysis in Myocardial Infarction (TIMI) Study Group at Brigham and Women’s Hospital, Lewis Dexter, MD Distinguished Chair in Cardiovascular Medicine, and Professor of Medicine, Harvard Medical School Q&A Session • With Dr. Sabatine ALN-PCSsc Program • Kevin Fitzgerald, Ph.D., Vice President, Research • David Kallend, MBBS, Vice President and Global Medical Director, The Medicines Company Q&A Session 11 Effect of Absolute Reduction in LDL-C on Relative Risk Reduction in CV Events Reduction in Cardiovascular Events (%) 50 More LDL lowering and risk reduction Ezetimibe 40 Fibrate 30 Bile acid resin Niacin 20 Diet/unsat. Fatty acid Ileal bypass 10 CTTC trials (statin) IMPROVE-IT 0 10 20 30 40 50 60 70 80 Reduction in LDL-C (mg/dL) -10 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 12 Lower Risk of Cardiovascular Events via Multiple Genetic Variants Affecting LDL-C 9 polymorphisms from 6 different genes affecting LDL-C levels in 312,321 subjects Proportional Risk Reduction (SE) 30% PCSK9 rs11591147 20% APOE CHD risk reduction per 1 mmol/L (38.7 mg/dL) lower LDL-C: rs4420638 SORT1 LDLR rs646776 rs6511720 LDLR 10% SORT1 rs2228671 HMGCR rs12916 54.5% (95% CI: 48.8-59.5%) rs599839 PCSK9 rs11206510 ABCG5/8 rs12916 0% 0 2 4 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 6 8 10 12 Lower LDL-C (mg/dL) 14 16 18 13 Ference BA et al. JACC 2012;60:2631–9 Impact of PCSK9 Loss of Function Mutation on Risk of MI Lifelong Impact of 16% Lower LDL translates into 60% Lower Risk Site Study OR for MI 95% CI p-value Finland FINRISK 0.30 (0.11, 0.84) 0.02 Sweden Malmo Diet and Cancer Study CV cohorts 0.32 (0.07, 1.61) 0.17 Spain Registre Gironi del Cor (REGICOR) 0.35 (0.15, 0.82) 0.02 Seattle Heart Attack Risk in Puget Sound 0.45 (0.21, 0.98) 0.049 Boston MGH Premature CAD Study 0.59 (0.21, 1.69) 0.46 0.40 (0.26, 0.61) 0.0002 Combined analysis 0.01 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 0.1 1 Favors LOF 10 Favors Control 14 N Engl J Med. 2008;358:2299-2300 LDL Cholesterol & Coronary Events CHD Events at 5 years (%) 30 4S pbo 25 PROVE-IT TIMI 22 P40 PROVE-IT TIMI 22 A80 20 4S S40 15 CARE HPS P40 S40 10 TNT A80 5 JUPITER R20 TNT A10 LIPID P40 HPS pbo CARE LIPID pbo pbo JUPITER pbo 0 0 20 40 60 80 100 120 140 160 180 200 LDL Cholesterol (mg/dL) An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 15 Meta-analysis Supporting Benefit of Lowering LDL-C, Even When Starting “Low” >160,000 pts Baseline LDL-C CTT Cycle #2 Lancet 2010; 376:1670-81 Benefit similar even if starting with LDL-C <77 mg/dL An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 16 Risk Reduction in JUPITER by Baseline LDL-C Baseline HR (95% CI) for Primary Endpoint Overall in trial, rosuvastatin reduced LDL-C by 50%, suggesting achieved LDL-C of ≤30 mg/dL in this subgroup An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 17 Hsia J et al. JACC 2011; 57:1666-75 Hazard Ratios for the Primary Endpoint by Quartiles of LDL-C at Admission Quartiles (based on LDL-c at admission) Median LDL-c at 4 mos (mg/dL) Primary Endpoint EZ/S (%) Simvastatin (%) HR EZ/S Simvastatin 1 45 63 38.0 39.0 0.95 2 49 69 34.0 37.1 0.91 3 50 69 32.0 33.0 0.95 4 53 72 27.1 29.4 0.93 Overall 49 68 32.7 34.7 0.936 1.0 1.25 HR Favors Ezetimibe+Simvastatin Favors Simvastatin 0.8 Pint= 0.77 18 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School RP Giugliano et al. ACC 2015 Who Are The Patients Whose Needs are Not Being Met by Current Therapies? • Patients whose LDL-C cannot be controlled with intensive statin ± other current therapies – High-risk patients in whom we cannot get the LDL-C low enough – Most patients with heterozygous familial hyperchol. (prevalence 1 in 200-500) – Almost all patients with homozygous FH • Patients who cannot take a statin, or an effective dose – Statin intolerance or statins are not clinically appropriate (eg, drug-drug interactions) An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 19 LDL-C Control in High-Risk Patients • 18 million Americans are high-risk (NCEP) and on lipid-modifying therapy – ~½ have diabetes only – ~½ have overt vascular disease 100% 80% 25% Achieved LDL-C 60% 47% 40% 20% An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 0% ≥100 70-99 <70 28% 20 Jones PH et al. JAHA 2012;1:e001800 Even in Clinical Studies Using High Intensity Therapy, Many Do Not Reach Goal Percent of Subjects with LDL-C ≥70 mg/dL Simvastatin + 10 mg Ezetimibe 100 Percentage of Patients 90 80 Atorvastatin + Placebo 94 83 80 70 77 64 61 60 50 43 36 40 30 20 10 0 n/N= 10 mg 20 mg 40 mg 80 mg 226/231 232/228 234/228 223/230 Statin Dose An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 21 Ballantyne CM, et al. Am Heart J 2005;149:464-73. Long-term compliance with medications, including statins, is poor 22 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School Am J Med. 2009;122(: 961.e7 Primary Endpoint: AMG 145 Reduced LDL-C at 12 wks LDL-C measured using ultracentrifugation % Change LDL-C vs Placebo (SE) at Week 12 0 AMG 145 Q2W 70 mg N = 79 105 mg N = 79 AMG 145 Q4W 140 mg N = 78 280 mg N = 79 350 mg N = 79 420 mg N = 80 -10 -20 * p < 0.0001 for each dose vs placebo -30 -40 -50 -41.8 -41.8 -50.0 -60 -70 -50.3 -60.2 -66.1 -80 LDL-C at 12 wks Mean (mg/dL) 73 (SD) (25) 53 44 69 60 58 (21) (25) (28) (23) (26) An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 23 Giugliano RP et al. and Sabatine MS. Lancet 2012:380 (online first). AMG 145 Q2W Dose Response: % Change in LDL-C Through 12 Wks Mean % Change from Baseline in Calculated LDL-C 10 0 –10 –20 p < 0.0001 for weeks 2-12 for each dose vs placebo –30 –40 –50 –60 –70 number of patients 78 79 79 78 74 78 76 77 77 77 76 76 78 75 77 77 Baseline Week 2 Week 4 Week 6 –80 –90 –100 Study Drug Administration LDL-C calculated using Friedewald Placebo Q2W (n = 78) AMG145 105 mg Q2W (n = 79) 76 76 73 75 Week 8 77 76 77 76 74 76 74 73 Week 10 Week 12 AMG145 70 mg Q2W (n = 79) AMG145 140 mg Q2W (n = 78) 24 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School Giugliano RP et al. and Sabatine MS. Lancet 2012:380 (online first). AMG 145 Q4W Dose Response: % Change in LDL-C Through 12 Wks Mean % Change from Baseline in Calculated LDL-C 10 0 –10 –20 p < 0.0001 for weeks 2-12 for each dose vs placebo –30 –40 –50 –60 –70 –80 –90 –100 Study Drug Administration number of patients 77 79 79 80 71 75 70 69 77 77 78 78 76 74 72 76 Baseline Week 2 Week 4 Week 6 Study Week LDL-C calculated using Friedewald Placebo Q4W (n = 77) AMG145 350 mg Q4W (n = 79) 75 77 76 74 Week 8 75 74 74 76 Week 10 76 78 77 77 Week 12 AMG145 280 mg Q4W (n = 79) AMG145 420 mg Q4W (n = 80) 25 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School Giugliano RP et al. and Sabatine MS. Lancet 2012:380 (online first). AMG 145 Dose Response: % Change in LDL-C Wks 8-12 (placebo adjusted) 0 Percentage Change in Calculated LDL-C vs. Placebo, Mean (SE) –10 Week 9 Week 10 Week 11 Week 12 –20 –30 –40 –50 –60 –70 –80 Study Drug Drug Study Administration Administration –90 –100 LDL-C calculated using Friedewald Week 8 70 mg 280 mg 105 mg 350 140 mg 420 22 n = 25 25 n = 27 29 n = 27 7 n=6 11 n = 10 16 n = 17 23 n = 25 28 n = 26 30 n = 26 n = 16 15 n = 18 20 n = 19 22 n = 26 28 n = 27 27 n = 28 26 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School Giugliano RP et al. and Sabatine MS. Lancet 2012:380 (online first). OSLER Program MONOTHERAPY HYPERCHOL ON A STATIN STATININTOL HETEROZYG FAM HYPERCHOL OTHER Phase 2 trials MENDEL-1 (n=406) LAPLACE-TIMI 57 (n=629) GAUSS-1 (n=157) RUTHERFORD-1 (n=167) YUKAWA-1 (n=307) Phase 3 trials MENDEL-2 (n=614) LAPLACE-2 (n=1896) GAUSS-2 (n=307) RUTHERFORD-2 (n=329) DESCARTES (n=901) 4465 patients (74%) elected to enroll into OSLER extension study program THOMAS-1 (n=149) THOMAS-2 (n=164) Eligible if medically stable and on study drug 1324 from Ph2 trials into OSLER-1 3141 from Ph3 trials into OSLER-2 Randomized 2:1 Evolocumab plus standard of care (n=2976) Irrespective of treatment assignment in parent study Standard of care alone (n=1489) Median follow-up of 11.1 months (IQR 11.0-12.8) 7% discontinued evolocumab early 96% completed follow-up An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 27 Trial Sponsor: Amgen LDL Cholesterol Standard of care alone 140 Median LDL-C (mg/dL) 120 100 61% reduction (95%CI 59-63%), P<0.0001 80 Absolute reduction: 73 mg/dL (95%CI 71-76%) 60 40 Evolocumab plus standard of care 20 0 Baseline 4 weeks 12 weeks 24 weeks 36 weeks 48 weeks N=4465 N=1258 N=4259 N=4204 N=1243 N=3727 (Parent study) (OSLER) 28 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School Sabatine MS et al. NEJM 2015;372:1500-9 Cardiovascular Outcomes Composite Endpoint: Death, MI, UA hosp, coronary revasc, stroke, TIA, or CHF hosp Cumulative Incidence (%) 3 2.18% 2 Standard of care alone HR 0.47 95% CI 0.28-0.78 P=0.003 (N=1489) 1 0.95% Evolocumab plus standard of care (N=2976) 0 0 30 60 90 120 150 180 210 240 270 300 330 365 Days since Randomization 29 An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School Sabatine MS et al. NEJM 2015;372:1500-9 CV Events in Subgroups Baseline Subgroup Number Evolocumab Stnd of care alone Overall 4465 0.95% 2.18% Age <65 yr ≥65 yr 3103 1362 0.73% 1.47% 1.29% 4.10% Sex Male Female 2255 2210 1.28% 0.61% 2.37% 1.96% LDL cholesterol <120 mg/dL ≥120 mg/dL 2202 2263 0.55% 1.35% 1.53% 2.75% Statin use Yes No 3128 1337 0.83% 1.24% 2.21% 2.11% NCEP class High or mod. high Mod. or lower 2025 2440 1.51% 0.49% 3.51% 1.04% Known vascular disease Yes 1125 No 3340 2.31% 0.50% 5.01% 1.19% NCEP = National Cholesterol Education Program An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School % are KM event rates at 1 year Hazard Ratio (95% CI) No significant heterogeneity of effect by any subgroup 0.1 0.2 0.5 1 2.0 5.0 10.0 Evolocumab plus Standard of care alone standard of care better better 30 Safety Evolocumab + stnd of care (N=2976) Standard of care alone (N=1489) Any 69.2 64.8 Serious 7.5 7.5 Leading to discontinuation of evolocumab 2.4 n/a Injection-site reactions 4.3 n/a Muscle-related 6.4 6.0 Neurocognitive 0.9 0.3 ALT or AST >3×ULN 1.0 1.2 Creatine kinase >5×ULN 0.6 1.2 Adverse events (%) Laboratory results (%) An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 31 Sabatine MS et al. NEJM 2015;372:1500-9 Relationship between reduction in LDL-C and Relative Risk Reduction in CV events An Academic Research Organization of Brigham and Women’s Hospital and Harvard Medical School 32 David D. Waters, and Priscilla Y. Hsue Circulation Research. 2015;116:1643-1645 Agenda Welcome • Joshua Brodsky Senior Manager, Investor Relations and Corporate Communications Introduction • Barry Greene President and Chief Operating Officer Overview of Hypercholesterolemia • Marc S. Sabatine, M.D., M.P.H., Chairman, Thrombolysis in Myocardial Infarction (TIMI) Study Group at Brigham and Women’s Hospital, Lewis Dexter, MD Distinguished Chair in Cardiovascular Medicine, and Professor of Medicine, Harvard Medical School Q&A Session • With Dr. Sabatine ALN-PCSsc Program • Kevin Fitzgerald, Ph.D., Vice President, Research • David Kallend, MBBS, Vice President and Global Medical Director, The Medicines Company Q&A Session 33 Agenda Welcome • Joshua Brodsky Senior Manager, Investor Relations and Corporate Communications Introduction • Barry Greene President and Chief Operating Officer Overview of Hypercholesterolemia • Marc S. Sabatine, M.D., M.P.H., Chairman, Thrombolysis in Myocardial Infarction (TIMI) Study Group at Brigham and Women’s Hospital, Lewis Dexter, MD Distinguished Chair in Cardiovascular Medicine, and Professor of Medicine, Harvard Medical School Q&A Session • With Dr. Sabatine ALN-PCSsc Program • Kevin Fitzgerald, Ph.D., Vice President, Research • David Kallend, MBBS, Vice President and Global Medical Director, The Medicines Company Q&A Session 34 PCSK9 Therapeutic Hypothesis LDL LDLR Anti-PCSK9 MAbs Endosome Lysosomal degradation Transiently block PCSK9 binding to LDL receptor (LDLR) LDLR synthesis PCSK9 Synthesis Inhibitors Durably block PCSK9 synthesis and all intracellular and extracellular PCSK9 functions 35 35 PCSK9 synthesis ALN-PCS PCSK9 mRNA Nucleus PCSK9 GalNAc-siRNA Conjugates Subcutaneous RNAi Therapeutics GalNAc3 GalNAc-siRNA conjugate ASGPR (pH>5) Asialoglycoprotein Receptor (ASGPR) • • • • Highly expressed in hepatocytes High rate of uptake Recycling time ~15 minutes Conserved across species Clathrin-coated pit protein Recycling ASGPR Clathrin-coated vesicle ALN-PCSsc • siRNA conjugated to N-acetylgalactosamine (GalNAc) ligand • Efficient delivery to hepatocytes following subcutaneous administration • Wide therapeutic index • “Enhanced stabilization chemistry” (ESC) used with all programs after revusiran ◦ Significantly improved potency and durability 36 RISC Endosome mRNA Nucleus CARDIO-METABOLIC DISEASE Potent PCSK9 Knockdown and LDL-C Lowering Single Dose Data in NHP Highly durable PCSK9 knockdown and LDL-C reduction with single dose • Single SC dose 1-10 mg/kg • Up to 96% PCSK9 knockdown, up to 77% LDL-C lowering; absence of statins • Highly durable effects, supports once-monthly or possibly once-quarterly dosing ◦ >50% LDL-C lowering maintained for over 3 months in 10 mg/kg group PCSK9 LDL-C 1.0 3.0 6.0 10.0 1.0 0 20 40 60 80 6.0 10.0 0 20 40 60 80 100 100 0 20 ALN-PCSsc (mg/kg) 37 3.0 -20 % LDL-C Lowering (relative to pre-bleed) % PCSK9 Knockdown (relative to pre-bleed) -20 Fitzgerald, AHA, Nov 2014 40 Days 60 80 100 0 ALN-PCSsc (mg/kg) 20 40 60 Days 80 100 120 CARDIO-METABOLIC DISEASE ALN-PCSsc Phase 1 Study Healthy Subjects with LDL-C >100mg/dl, On or Off Statins Primary objectives Secondary objectives • Safety, tolerability • PK, PCSK9 and LDL-C reduction Part A: Single Dose (SAD) │Randomized 3:1, Single blind, Placebo controlled 25 mg x 1 SC 100 mg x 1 SC 300 mg x 1 SC = dose 500 mg x 1 SC 800 mg x 1 SC Part B: Multi-Dose (MD) │Randomized 6:2, Single blind, Placebo controlled, On or off statins 125mg qW x 4 SC 250mg q2W x 2 SC 300mg qM x 2 SC +/- Statin 500 mg qM x2 SC +/- Statin 38 Initial ALN-PCSsc Phase 1 Study Results CARDIO-METABOLIC DISEASE Baseline Values for PCSK9 and LDL-C SAD Phase Treatment (N) Placebo (6) 25mg (3) 100 mg (3) 300 mg (3) 500 mg (3) 800 mg (6) Overall (24) Mean (SEM) PCSK9 (ng/mL) 278.9 (40.6) 342.7 (39.2) 233.8 (22.6) 253.8 (12.9) 263.2 (14.4) 279.6 (27.3) 276.3 (13.9) Mean (SEM) LDL-C (mg/dL) 142.2 (11.4) 184.0 (27.0) 161.7 (16.1) 173.2 (29.5) 135.0 (3.3) 161.3 (10.3) 157.6 (6.6) 500 mg qM x2 (6) 500 mg qM x2 S^ (5) Overall (45) MD Phase Placebo (12) 125 mg qWx4 (6) 250 mg q2Wx2 (6) 300 mg qM x2 (6) 300 mg qM x2 S^ (4) Mean (SEM) PCSK9 (ng/mL) 333.3 (29.0) 380.0 (20.7) 288.7 (21.9) 308.0 (25.6) 474.7 (86.7) 288.1 (28.2) 433.4 (48.0) 347.9 (16.0) Mean (SEM) LDL-C (mg/dL) 137.0 (11.1) 150.2 (7.6) 129.2 (10.2) 145.4 (12.9) 158.1 (15.6) 131.7 (20.2) 131.3 (11.2) 139.4 (4.9) Treatment (N) 39 S ^ = On a stable statin dose Data in database as of 04 August 2015 Initial ALN-PCSsc Phase 1 Study Results CARDIO-METABOLIC DISEASE SAD Safety and Tolerability ALN-PCSsc generally well tolerated • No SAEs and no discontinuations due to AEs • All AEs mild or moderate in severity ◦ At highest dose group (800 mg), one subject with mild localized injection site reaction ◦ No clinically significant changes in laboratory parameters Common AEs (≥10% or more of ALN-PCSsc subjects)* AE Preferred Term Placebo N=6 25 mg N=3 100 mg N=3 300 mg N=3 500 mg N=3 800 mg N=6 Total ALNPCSsc N=18 Cough 0 0 1 0 1 0 2 Musculoskeletal pain 0 1 0 0 0 1 2 Nasopharyngitis 0 1 0 1 0 0 2 Rash 0 0 0 0 0 2** 2 40 *Subjects with one or more AEs 2/6 placebo; 9/18 ALN-PCSsc **1 mild injection site reaction; 1 mild facial rash not associated with drug Data in database as of 04 August 2015 Initial ALN-PCSsc Phase 1 Study Results CARDIO-METABOLIC DISEASE MD Safety and Tolerability ALN-PCSsc generally well tolerated • No SAEs and no discontinuations due to AEs • All AEs mild or moderate in severity ◦ AE profile generally similar with or without statins ◦ At higher drug exposures 3 subjects with mild, localized injection site reaction – One at 500 mg qM x2 with statin; two at 250 mg q2W x2 ◦ One subject with clinically significant change in LFTs – Subject receiving 500 mg ALN-PCSsc developed ALT ~4x ULN without rise in bilirubin; attributed to concomitant statin therapy Common AEs (≥10% or more of ALN-PCSsc subjects)* AE Preferred Term Placebo N=12 125 mg qWx4 N=6 250 mg q2Wx2 N=6 300 mg qMx2 N=6 300 mg qMx2 S^ N=4 500 mg qMx2 N=6 500 mg qMx2 S^ N=5 Total ALNPCSsc N=33 Headache 2 1 1 1 1 2 0 6 Back pain 2 1 0 0 0 2 1 4 Diarrhea 3 2 0 0 1 0 1 4 Nausea 0 2 0 0 0 2 0 4 41 *Subjects with one or more AEs 9/12 placebo; 22/33 ALN-PCSsc S ^ =On stable dose of statin Data in database as of 04 August 2015 CARDIO-METABOLIC DISEASE Initial ALN-PCSsc Phase 1 Study Results Single Dose Cohorts Results support once-quarterly and possibly bi-annual, low volume, subcutaneous dose regimen profile • Up to 86% maximal and up to 82% mean maximum PCSK9 knockdown (p<0.001) • Up to 78% maximal and up to 58% mean maximum LDL-C lowering (p<0.001) ◦ Comparable to reported results with anti-PCSK9 MAbs1 • Highly durable effects with LDL-C lowering lasting over 140 days after single injection LDL-C Lowering PCSK9 Knockdown Treatment -20 300 mg 25 mg 500 mg 100 mg 800 mg 0 Mean (SEM) % LDL-C Lowering (Change from Baseline) Mean (SEM) % PCSK9 Knockdown (Change from Baseline) -40 Treatment Placebo 0 20 40 60 80 100 0 1 2 3 4 5 Day/Treatment combinations where N=1 not displayed Data in database as of 04 August 2015; 24 subjects received ALN-PCSsc or placebo (3:1) 42 1 Zhang XL., et al., BMC Med., 2015 300 mg 25 mg 500 mg 100 mg 800 mg 20 40 60 80 0 1 2 3 Months Months Placebo Days/Treatments where N=1 not displayed LDL-C analyzed by Beta-Quantification 4 5 CARDIO-METABOLIC DISEASE Initial ALN-PCSsc Phase 1 Study Results Multiple Dose Cohorts Robust and highly durable PCSK9 knockdown and LDL-C lowering • Up to 94% maximal and up to 88% mean maximum PCSK9 knockdown (p<0.001) • Up to 83% maximal and up to 64% mean maximum LDL-C lowering (p<0.001) ◦ Similar results in subjects with or without statin co-medication ◦ Comparable to reported results with anti-PCSK9 MAbs1 MD PCSK9 Knockdown Mean (SEM) % PCSK9 Knockdown (Change from Baseline) -60 -40 MD LDL-C Lowering 300 mg qMX2 300 mg S^qMX2 500 mg qMX2 500 mg S^qMX2 20 -20 0 40 20 40 60 60 80 100 0 qW, q2W, or qM 1 2 3 4 5 Treatment Placebo 125 mg qWX4 250 mg q2WX2 80 0 Months qW, q2W, or qM S^ Data in database as of 04 August 2015; 24 subjects received ALN-PCSsc or placebo (3:1) 1 Zhang XL., et al., BMC Med., 2015 43 0 Mean (SEM) % LDL-C Lowering (Change from Baseline) Treatment Placebo 125 mg qWX4 250 mg q2WX2 =On stable dose of statin 45 MD subjects dosed with ALN-PCSsc or placebo (3:1) Two subjects excluded from all MD analyses: One placebo subject elected to discontinue; One subject in 300 mg statin group was incarcerated on Day 14 1 300 mg qMX2 300 mg S^qMX2 500 mg qMX2 2 3 Month 500 mg S^qMX2 4 5 CARDIO-METABOLIC DISEASE LDL-C reductions in PCSK9 Programs Alirocumab (REGN727) Evolocumab (AMG-145) Bococizumab ALN-PCSsc Phase 1 SAD 100mg -39.9% 150mg -38.5% 250mg -45.7% (Stein et al1) 70mg 210mg 420mg (Dias et al2)* -53% -53% -64% SC data not available 25mg -26.0% 100mg -38.9% 300mg -50.1% 500mg -58.9% 800mg -52.8% (Fitzgerald et al) ** Phase 1 MD 150mg -55.7% 150mg -57.0% 150mg -64.7% (Stein et al1) Q2W 140mg Q4W 420mg (Dias et al2) -63 to 73% -66% SC data not available QW 125mg -45.3% Q2W 250mg -55.5% Q4W 300mg -59.4% Q4W 300mg -53.2% Q4W 500mg -53.6% Q4W 500mg -58.7% (Fitzgerald et. al)*** Phase 2/3 lipid trials Q2W 75/150mg -50.6% (Cannon et al3) Q2W 75/150mg -47.2% (Roth et al4)# Q2W 140mg Q4W 420mg (Koren et al5) -47.2% -52.5% Q2W 50mg -35% Q2W 100mg -42.3% Q2W 150mg -53.1% Q4W 200mg -27% Q4W 300mg -41.1% (Ballantyne et al6) To be performed Phase 3 pooled data Q2W 150mg Q2W 75/150mg (FDA Ad comm.) Q2W 140mg Q4W 420mg (Stein et al7) -65.7% -65% Trials ongoing To be performed FH no statin statin -56.2% -53% no statin no statin no statin statin no statin statin *mean change from baseline to nadir **LS mean change from baseline to group nadir after single dose ***LS mean change from baseline to group nadir after final dose #no placebo control 1 Stein et al. NEJM, 366:1108-18. 2 Dias et al. JACC, 60(19):1888-98. 3 Cannon et al. EHJ 36, 1186-94. 4 Roth et al. IJC, 176, 55-61.5 Koren et al. Lancet 380: 19952006. 6 Ballantyne et al. AJC;115:1212-1221. 7 Stein et al. Abstract 1107-103 ACC San Diego 2015. 44 CARDIO-METABOLIC DISEASE Summary and Next Steps ALN-PCSsc is promising first-in-class PCSK9 synthesis inhibitor • Generally well tolerated ◦ No SAEs and no discontinuations due to AEs ◦ All AEs mild or moderate in severity • Similar LDL-C reduction to published data reported for anti-PCSK9 MAbs* in subjects with and without statin co-medication ◦ Single subcutaneous injection of ALN-PCSsc resulted in up to 86% maximal PCSK9 knockdown and up to 78% maximal reduction LDL-C lowering, with up to mean maximal LDL-C reduction of 58% ◦ Two monthly doses of ALN-PCSsc resulted in up to 94% maximal knockdown of PCSK9 and up to 83% maximal reduction of LDL-C, with up to mean maximal LDL-C reduction of 64% – Similar effects with or without concomitant statin • Durability supports once-quarterly and possibly bi-annual, low volume SC dose regimen ◦ Knockdown of PCSK9 and lowering of LDL-C for over 4 months after single SC dose – LDL-C significantly (P<0.001) reduced by mean 44% at day 140 after single dose – Lowest maximal effect dose of 300 mg administered in 1.5 mL volume • Results support continued development of ALN-PCSsc in ORION Development Program ◦ Phase 2 study expected to start by YE-2015 45 * Zhang XL., et al., BMC Med., 2015 CARDIO-METABOLIC DISEASE The Orion Development Program David Kallend Vice President, Global Medical Director Acute Cardiovascular Care The Medicines Company 46 CARDIO-METABOLIC DISEASE The Orion Development Program Goal to make ALN-PCSsc available quickly with appropriate information for regulators and, upon approval, for prescribers, patients & payers Objectives: • Keep chronic toxicology studies off the critical path • Optimize dose, formulation, administration, and device – small volume, infrequent, easy • Execute efficient phase III program based on LDL-C efficacy endpoint – Broad population of patients with ACVD – Focused FH studies – Compare head-to-head to monoclonal antibodies where appropriate • Anticipate outcomes data and design phase IIIb/IV accordingly 47 47 CARDIO-METABOLIC DISEASE The Orion Development Program Benchmarking programs with approval on LDLc endpoints (US approval) Parameter Lipitor® Crestor® Praluent® Repatha® Initial US approval (YR) 1996 2003 2015 2015 Comparator in pivotal trials Statins or Placebo Statins or Placebo Placebo or Ezetemibe Placebo or Ezetimibe Primary Endpoint LDL-C % change LDL-C % change LDL-C % change LDL-C % change Efficacy database (N) 2502 (active) 1020 (control) 2873 (active & control) 3182 (active) 1792 (control) 2928 (active & control) Safety database (N) 3092 (HV’s & Pts) 11,210 (due to additional safety requirements) 3340 (active) 1894 (control) 4971 (active & control) Long term treatment ≥12 months (N) 1749 (active) 2471 (active) 3627 (active & control) 1797 (active & control) FH patients (N) 491 He 59 Ho 776 He 44 Ho 735 He 329 He 99 Ho 48 48 Source: FDA Website CARDIO-METABOLIC DISEASE The Orion Development Program Estimated sequence of events Anticipated critical path 2015 2016 Anticipated non-critical path 2017 2018 2019 2020 Phase I completion CMC Development (scale up, formulation, device, and supply) Non-clinical long-term toxicology (including repro and carc) Phase II including HoFH & MAbs Phase III LDL lowering NDA/MAA process Potential outcomes study Timelines are estimates based on current assumptions 49 The Orion Development Program CARDIO-METABOLIC DISEASE Summary Clear path forward leading to applications for approval for LDL-C lowering indication Immediate next steps: • • • • Complete Phase I observations Start Phase II imminently Scale up manufacturing and formulation development Complete long term toxicology program Ensure only the clinical program remains on the critical path 50 50 Agenda Welcome • Joshua Brodsky Senior Manager, Investor Relations and Corporate Communications Introduction • Barry Greene President and Chief Operating Officer Overview of Hypercholesterolemia • Marc S. Sabatine, M.D., M.P.H., Chairman, Thrombolysis in Myocardial Infarction (TIMI) Study Group at Brigham and Women’s Hospital, Lewis Dexter, MD Distinguished Chair in Cardiovascular Medicine, and Professor of Medicine, Harvard Medical School Q&A Session • With Dr. Sabatine ALN-PCSsc Program • Kevin Fitzgerald, Ph.D., Vice President, Research • David Kallend, MBBS, Vice President and Global Medical Director, The Medicines Company Q&A Session 51 Upcoming RNAi Roundtables ALN-AS1 for the treatment of Acute Hepatic Porphyrias Tuesday, September 24, 11:00 a.m. – 12:00 p.m. ET • Bill Querbes, Ph.D., Associate Director, Research • Moderator: John Maraganore, Ph.D., Chief Executive Officer • Guest Speaker: Robert J. Desnick, M.D., Ph.D., Dean for Genetics and Genomic Medicine, Professor and Chair Emeritus, Department of Genetics and Genomic Sciences, Icahn School of Medicine at Mount Sinai Hospital Replays, presentations, transcripts of all RNAi Roundtables available at www.alnylam.com/capella 52 Speaker Biographies Barry Greene President and Chief Operating Officer, Alnylam Barry Greene joined Alnylam in 2003, and brings over 25 years of experience in healthcare, pharmaceutical, and biotechnology industries. Prior to Alnylam, he was General Manager of Oncology at Millennium Pharmaceuticals, Inc., where he led the company’s global strategy and execution for its oncology business including strategic business direction and execution, culminating in the successful approval and launch of VELCADE™(bortezomib) in mid 2003. Prior to joining Millennium in February 2001, Barry served as Executive Vice President and Chief Business Officer for Mediconsult.com. Prior to Mediconsult.com, his past experiences include Vice President of Marketing and Customer Services for AstraZeneca, formerly AstraMerck; Vice President Strategic Integration with responsibility for the AstraZeneca North American post merger integration; and Partner, Andersen Consulting responsible for the pharmaceutical/biotechnology marketing and sales practice. Barry received his B.S. in Industrial Engineering from University of Pittsburgh and served as Senior Scholar at Duke University, Fuqua School of Business. Barry also serves on the Boards of Acorda Therapeutics and Karyopharm Therapeutics. Marc S. Sabatine, M.D., M.P.H., Chairman, Thrombolysis in Myocardial Infarction (TIMI) Study Group at Brigham and Women’s Hospital, Lewis Dexter, MD Distinguished Chair in Cardiovascular Medicine, and Professor of Medicine, Harvard Medical School Dr. Marc S. Sabatine is chairman of the Thrombolysis in Myocardial Infarction (TIMI) Study Group at Brigham and Women’s Hospital (BWH) and holds the Lewis Dexter, MD Distinguished Chair in Cardiovascular Medicine. A cardiovascular specialist, he is also a professor of medicine at Harvard Medical School (HMS). Dr. Sabatine received his medical degree from HMS and completed a residency in internal medicine at Massachusetts General Hospital (MGH). He then completed a clinical fellowship in cardiovascular disease at Massachusetts General Hospital and a fellowship in cardiovascular research at BWH. Dr. Sabatine is board certified in internal medicine and cardiovascular disease and is a fellow of the American Heart Association, the American College of Cardiology and the European Society of Cardiology. As the chairman of the TIMI Study Group—an academic research organization that has led major cardiovascular medicine clinical trials since its inception in 1984—Dr. Sabatine leads large-scale international randomized controlled trials testing novel therapies for cardiovascular care that have shaped the practice of medicine. Kevin Fitzgerald, Ph.D., Vice President, Research Dr. Fitzgerald joined Alnylam in 2005 as Associate Director of Research and has served in roles of increasing responsibility and leadership since that time. His achievements at Alnylam include leadership of the company’s RNAi delivery efforts, resulting in two clinically validated modes of siRNA delivery. He has led multiple programs – including Alnylam’s PCSK9 program – from discovery through pre-clinical development, regulatory submissions, and early clinical development. Kevin was lead author and coauthor on Alnylam’s seminal papers in The Lancet and the New England Journal of Medicine, which demonstrated the effects of RNAi therapeutics in man. Prior to joining Alnylam, Kevin worked as a Senior Research Scientist and Group Leader at Bristol Myers Squibb, where he contributed to the development of multiple pharmaceutical products, in addition to managing several technology and drug development alliances. Kevin received his B.S. in Genetics from Cornell University and his Ph.D. in Molecular Biology from Princeton University. He completed his post-doctoral fellowship in oncology at Harvard Medical School. David Kallend, MBBS, Vice President and Global Medical Director, The Medicines Company Following graduation from Kings College Hospital School of Medicine in London, Dr. David Kallend worked in various hospital departments in the UK, predominantly at the Royal Postgraduate Medical School Hammersmith Hospital, London, where his final post was Research Fellow in the Department of Surgery. In 1995 he joined the pharmaceutical industry. He initially worked as an International Clinical Research Physician on imaging studies for Schering AG in Berlin, predominantly in the area of magnetic resonance contrast media for clinical imaging. Following this he joined AstraZeneca in 1998, based in the UK, working mainly on the development of rosuvastatin from Phase II to Phase IV and the post-approval phase. He was also involved as an advisor to other cardiovascular programs and collaborations. From 2005 to 2012 he was the Global Clinical Leader and a Group Medical Director for dalcetrapib at Roche in Switzerland. His current role is Vice President and Global Medical Director for the early development lipid programs, Apo A-1 Milano and aPCSK9, at The Medicines Company. 53
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