Corporate Presentation September 12, 2014 NASDAQ: GALT www.galectintherapeutics.com © 2014 Galectin Therapeutics Inc Exhibit 99.1 |
Forward-Looking Statement Disclaimer 2 © 2014 Galectin Therapeutics | NASDAQ:GALT This presentation contains, in addition to historical information, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or future financial performance, and use words such as “may,” “estimate,” “could,” “expect” and others. They are based on our current expectations and are subject to factors and uncertainties which could cause actual results to differ materially from those described in the statements. These statements include those regarding potential therapeutic benefits of our drugs, expectations, plans and timelines related to our clinical trials, potential partnering opportunities and estimated spending for 2014. Factors that could cause our actual performance to differ materially from those discussed in the forward-looking statements include, among others, our trials may not lead to positive outcomes or regulatory approval. We may experience delays in our trials, which could include enrollment delays. Future phases or future clinical studies may not begin or produce positive results in a timely fashion, if at all, and could prove time consuming and costly. Plans regarding development, approval and marketing of any of our drugs are subject to change at any time based on the changing needs of our company as determined by management and regulatory agencies. Strategies and spending projections may change. We may be unsuccessful in developing partnerships with other companies or obtaining capital that would allow us to further develop and/or fund any studies or trials. We are currently the subject of litigation, which may impact our human and capital resources. To date, we have incurred operating losses since our inception, and our future success may be impacted by our ability to manage costs and finance our continuing operations. For a discussion of additional factors impacting our business, see our Annual Report on Form 10-K for the year ended December 31, 2013, and our subsequent filings with the SEC. You should not place undue reliance on forward-looking statements. Although subsequent events may cause our views to change, we disclaim any obligation to update forward-looking statements. |
Biopharmaceutical Company Focused On Major Unmet Medical Needs 3 © 2014 Galectin Therapeutics | NASDAQ:GALT Organ Fibrosis • 45% of US deaths associated with fibrotic disease 1 • Lead indication: liver fibrosis/cirrhosis due to fatty liver disease (75% of all liver disease in US) 2 • Potentially applicable to other fibrotic diseases • Phase 1 clinical trial will complete in 2014; Phase 2 clinical trial starts H1 2015 Cancer Immunotherapy • Focus on combination immunotherapy with GR-MD-02 • Lead indication is advanced melanoma • Technology applicable to other cancers and immunotherapies • Phase 1B clinical trial in progress Drugs Target Galectin Proteins • Novel complex carbohydrate drugs that block galectin-3 protein, which is involved in multiple disease processes • Robust efficacy in pre-clinical animal models of disease • Lead candidate (GR-MD-02) patent protection (Dec. 2031) 1 Wynn, TA. Nat Rev Immunol. 2004;4:583–594. doi:10.1038/nri1412 2 Younossi, et al. Clin. Gasto. Hepatol. 2011;9:524-530 |
Pipeline © 2014 Galectin Therapeutics | NASDAQ:GALT 4 *Galectin Sciences, LLC H1 2015 Clinical Focus Stage of Development Drug Indication Discovery Pre-clinical Phase 1 Phase 2 Phase 3 Fibrosis GR-MD-02 NASH cirrhosis Lung fibrosis Kidney fibrosis Cardiovascular fibrosis Cancer Immunotherapy GR-MD-02 Melanoma Galectin-3 Inhibitors GR-MD-03 Subcutaneous GR-MD-04 Oral G-XXX* Oral |
Function of Galectin Proteins And Drug Inhibition 5 © 2014 Galectin Therapeutics | NASDAQ:GALT Expression & Function • Gal-3 widely expressed; highest in macrophages • Modulates cell signaling and immune cell function • Promote cell-cell and cell-matrix interactions Role in Disease • Gal-3 expression increased in areas of inflammation and fibrogenesis • Knockout of gal-3 gene in mice prevents fibrosis in liver, lung, kidney and heart • The majority of cancers express high levels of gal-3 Molecular Interactions • Proteins bind to galactose residues in glycoproteins • Promote interactions between glycoproteins • 15 protein family; Gal-3 critical target for therapy Drug Mechanism • GR-MD-02 is a complex carbohydrate with terminal galactose residues • Drug binds to gal-3 and disrupts interaction with glycoproteins |
CIRRHOSIS DUE TO NASH (NON-ALCOHOLIC STEATOHEPATITIS) Lead Indication in Organ Fibrosis 6 © 2014 Galectin Therapeutics | NASDAQ:GALT |
NASH Is Epidemic And There Are No Approved Therapies 7 © 2014 Galectin Therapeutics | NASDAQ:GALT Diabetes Fatty Liver NASH US prevalence in asymptomatic, middle-aged adults US (% of population) 2 Obesity 45% 16.5% 46% 12.2% 2 Prospective evaluation of NAFLD and NASH prevalence (Williams, et al. Gastro. 2011;140:124-131) Estimated prevalence of NASH in US adults 1, 2 : > 28 million 1 Based on July 2013 US census data for people >20 years old (233,880,752) |
The End Stage of Fibrosis (Cirrhosis) Is When Patients With NASH Experience Symptoms And Complications 8 © 2014 Galectin Therapeutics | NASDAQ:GALT NASH Complications (variceal bleed, ascites, encephalopathy) Liver Transplantation (projected to be leading reason) Liver-Related Death Fibrosis Progression Stage 1 Stage 2 Stage 3 Stage 4 Liver biopsy (Blue = fibrosis) Cirrhosis Asymptomatic Estimated prevalence of advanced fibrosis 1, 2 : ~ 6 million Estimated prevalence of cirrhosis : ~ 2 million Approximately 1/3 will advance to Stage 3/4 fibrosis 2 Williams, et al. Gastro. 2011;140:124-131 1 Kleiner, et al. Hepatology 2005;41:1313-1320 3 Caldwell, et al. Dig Dis 2010;28:162–168 1 3 |
GR-MD-02 Has Robust Therapeutic Effect On NASH With Fibrosis And Cirrhosis In Rodent Models © 2014 Galectin Therapeutics | NASDAQ:GALT 9 • GR-MD-02 decreases: • NASH Activity • Collagen (fibrosis) • Galectin-3 protein 1 Traber, et al. PLOS ONE 2013;8:e83481 Normal Stain Collagen Stain Gal-3 Stain Mouse NASH Model Rat Cirrhosis Model 2 Traber, et al. PLOS ONE 2013;8:e75361 Untreated GR-MD-02 • Cirrhosis induced by toxin and continued with therapy • Four, once weekly doses of GR-MD-02 • Marked reduction in fibrosis, thinned broken bands (arrow) • Cirrhosis reversed N=nodule 2 1 Fat Inflammation Ballooning |
GR-MD-02 Is Being Developed For The Indication Of Cirrhosis Due To NASH • Cirrhosis is late disease that is closer to adverse clinical outcomes; cannot predict which patients with early disease will progress to cirrhosis • Goal of therapy is to reverse fibrosis and cirrhosis, thereby reducing likelihood of adverse clinical outcomes and transplantation • Regulatory pathway to approval better defined because potential surrogates of clinical outcomes are more developed for late disease • This is an appropriate target population because GR-MD-02 treats NASH and reduces existing fibrosis and reverses cirrhosis in pre- clinical models • Majority of companies developing NASH therapies are targeting early disease, including: • Intercept, Genfit, Galmed, Raptor, and others • Only company with phase 2 program in NASH cirrhosis is Gilead (anti- LOXL2 monoclonal antibody) 10 © 2014 Galectin Therapeutics | NASDAQ:GALT |
Phase 1 Clinical Trial Of GR-MD-02 In NASH With Advanced Fibrosis: Fast Track FDA Designation © 2014 Galectin Therapeutics | NASDAQ:GALT 11 Biomarkers Biomarkers Patient: Biopsy proven NASH with advanced fibrosis (at least stage 3) Ascending dose cohort; single and multiple dose First 2 cohorts enrolled, have at least 8 patients (6 active, 2 placebo); Third cohort has up to 20 patients total Doses: 2 mg/kg, 4 mg/kg, and 8 mg/kg in the three cohorts, respectively Primary endpoints: Safety Pharmacokinetics (PK) Secondary endpoints: Disease-related serum biomarkers to assess for potential treatment effect http://clinicaltrial.gov/ct2/show/NCT01899859?term=GR-MD-02&rank=2 1 week 1 week 3/4 weeks Design : |
Primary Endpoints Were Met In Cohort 1 and 2 • GR-MD-02 was safe and well tolerated at doses of 2 mg/kg and 4 mg/kg • The independent Data Safety Monitoring Board (DSMB) approved moving forward with Cohort 3. • Pharmacokinetics revealed a proportional increase in total drug exposure with doubling of the dose of GR-MD-02 with no accumulation after four doses. • A dose of 4 mg/kg provided drug exposure in humans that was roughly equivalent to the lowest therapeutic dose used in NASH animal model. • The drug half-life in humans is approximately 4 times longer than in mouse at similar doses providing a more extended exposure in humans. GR-MD-02 was safe, well tolerated, and has predictable pharmacokinetics when administered at up to 4 mg/kg, a dose that correlates with a therapeutic dose in animal model of NASH. 12 © 2014 Galectin Therapeutics | NASDAQ:GALT |
Exploratory Secondary Endpoints • While the current gold standard for the evaluation of NASH with advanced fibrosis is liver biopsy, it is not appropriate to subject individuals to serial liver biopsies over a short Phase 1 clinical trial. Biopsy assessment of liver fibrosis will be the primary endpoint in the Phase 2 clinical trial to follow this trial. • To potentially gain some understanding of drug effect and to aid in planning of a Phase 2 clinical trial, exploratory biomarkers were evaluated before and after therapy. (note: these biomarkers are not clinically validated as an acceptable primary endpoint for efficacy in fibrosis treatment). • While the overall impression of biomarker analysis suggested there may be an effect of the drug, there are differences in biomarker changes depending on the timing of blood sampling with respect to drug dose. • Since biomarker results are not directly comparable between cohort 1 and cohort 2, a comparison of the effect of timing on biomarkers will be evaluated in cohort 3. 13 © 2014 Galectin Therapeutics | NASDAQ:GALT |
Next Steps: Completion of Phase 1 Trial © 2014 Galectin Therapeutics | NASDAQ:GALT 14 • The dose of GR-MD-02 was increased to 8 mg/kg (320 mg/m 2 ) in the third and final cohort, a dose projected to be well within the therapeutic range as predicted in pre-clinical studies. • The number of patients in the third cohort will be expanded up to 20 total patients (12 active drug and 8 placebo) which will allow comparison of a larger number of patients. • Blood biomarker analysis will be conducted at four time points during the study to account for potential sample timing differences following drug infusion. • Nine (9) patients are currently enrolled in cohort 3 and results are expected in November 2014. |
Next Steps: Phase 2 Clinical Trial © 2014 Galectin Therapeutics | NASDAQ:GALT 15 • Planning for phase 2 clinical trials is ongoing • Phase 2 trial will be initiated in H1 2015; details of the trial(s) will be announced when planning is complete • The results of the first and second cohort suggest that 2 mg/kg and 4 mg/kg are safe and well-tolerated doses, and we are now testing 8 mg/kg. • The doses for evaluation in Phase 2 will be chosen using the correlation of therapeutic doses in pre-clinical animal studies and blood levels of GR-MD-02 determined in the Phase 1 trial. Biomarkers in Phase 1 study are not integral to choosing Phase 2 doses. 8 mg/kg dose is expected to be well within therapeutic dose range. • Patient population will have cirrhosis due to NASH • Study endpoints and other particulars of clinical trials, including duration, are under discussion with the FDA |
Fibrosis Program Summary • First liver fibrosis indication: NASH with cirrhosis, a major unmet medical need • Current Phase 1 trial results shows safety of four doses of 2 mg/kg and 4 mg/kg. • Controlled phase 2 clinical trial program to follow completion of phase 1 trial. • The current results of the Phase 1 trial this defines at least two potential dose levels for phase 2 clinical trials • Other Organ Fibrosis • Pre-clinical efficacy results in lung, kidney and cardiovascular fibrosis • Considering prospects for entering clinical development • Ongoing discussions with large pharmaceutical companies • Discussions will provide foundation for partnering opportunities at the most opportune time 16 © 2014 Galectin Therapeutics NASDAQ:GALT |
ADVANCED MELANOMA Lead Indication in Cancer Immunotherapy 17 © 2014 Galectin Therapeutics | NASDAQ:GALT |
The Vast Majority of Cancers Secrete Large Amounts of Galectins Which Have Multiple Roles In Tumor Pathogenesis • Tumor cell invasion: extracellular matrix adhesion & detachment • Metastasis: cell invasion and migration • Angiogenesis • 18 © 2014 Galectin Therapeutics NASDAQ:GALT Tumor immunity has recently been shown to be critically affected by galectins |
Cancer Therapy Strategy • Focus on cancer immunotherapy based on the hypothesis that galectin inhibitors will enhance efficacy of immunotherapies • Many cancers secrete large amounts of galectins & have multiple roles in tumor pathogenesis – importantly on tumor immunity • Metastatic melanoma is initial cancer indication • In US 76,000 new diagnoses and 9,100 deaths annually • Even with newly approved drugs, still a substantial unmet medical need • Critical collaboration established • Robert W. Franz Cancer Research Center, Earle A. Chiles Research Institute (EACRI) Providence-Portland Medical Center, Portland Oregon • Demonstrated clinical trial expertise in melanoma • Tumor immunology basic science research • Ability to conduct clinical trials and assist in funding 19 © 2014 Galectin Therapeutics NASDAQ:GALT |
Checkpoint Inhibitors Plus GR-MD-02 Boosts Anti- Tumor Immunity, Reduces Tumor Size And Increases Survival In Mouse Cancer Models 20 aCTLA-4 = anti-CTLA-4 mAb [ipilimumab in humans (Yervoy, BMS)] aPD-1 = anti-PD-1 mAb [positive results in clinical trials, BMS, Merck] Unpublished data 2013: Stefanie N. Linch, Melissa J. Kasiewicz, Peter G. Traber, and William L. Redmond, Galectin Therapeutics and Earle A. Chiles Research Institute (EACRI), Portland Oregon © 2014 Galectin Therapeutics NASDAQ:GALT *p<0.05 These studies on TC-1 prostate cancer cells (also effective in breast cancer, melanoma, and sarcoma) |
Hypothesis: GR-MD-02 May Be A Complimentary Therapy To Enhance Efficacy Of Immune Checkpoint Blockade Therapies © 2014 Galectin Therapeutics | NASDAQ:GALT 21 ICB = Immune Checkpoint Blockade |
Phase 1B Clinical Trial in patients with advanced melanoma using GR-MD-02 in combination with Yervoy® (ipilimumab): Actively Enrolling 22 1 23 43 64 85 Day Infusion: GR-MD-02 followed by Yervoy® at standard doses Endpoints: Followed every 12 weeks for survival Biopsy Biopsy © 2014 Galectin Therapeutics NASDAQ:GALT http://clinicaltrial.gov/ct2/show/NCT02117362?term=GR-MD-02&rank=1 Patient inclusion: Design: 3+3 dose escalation (3 patients if no adverse events); 10 patients treated with maximum tolerated dose Dose: Starting dose of 1 mg/kg Advanced melanoma with indication for Yervoy® treatment Safety; Pharmacokinetics Tumor response: immune response RECIST criteria Biological responses including memory CD4+ T-cells, memory CD8+ T-cells, melanoma specific T-cells, and composition of tumor immune infiltrate from tumor biopsies when available. |
Cancer Therapy Summary • Two immunotherapy agents have been approved for use to date, with many more vaccines and activators in development • Our strategy is to leverage world class expertise in basic tumor immunology and in the conduct of melanoma clinical trials. • Providence Portland Medical Center and Earle A. Chiles Research Institute (EACRI) accepted for phase 1B clinical trial in patients with advanced melanoma treated with a combination of Yervoy and GR-MD-02 • Initial funding of clinical trial by PPMC/EACRI. Galectin is providing GR-MD-02 study drug, reference to its IND, and PK analysis • Ongoing discussions with large pharmaceutical companies in the immunotherapy space to seek a partnering opportunity at the most opportune time 23 © 2014 Galectin Therapeutics NASDAQ:GALT Ongoing pre-clinical studies; IND : |
Milestones 24 © 2014 Galectin Therapeutics | NASDAQ:GALT Compound Program Milestone Timing GR-MD-02 NASH Cirrhosis Complete Phase 1 Trial End 2014 Start Phase 2 Trial H1 2015 Phase 2 Results TBD GR-MD-02 Melanoma Complete Phase 1B Trial End 2015 |
Key Executive Officers • Peter G. Traber, MD – CEO & CMO • President & CEO of Baylor College of Medicine • Sr. VP Clinical Development and CMO – GlaxoSmithKline plc • Chairman & CEO of TerraSep, LLC • President & CEO of University of Pennsylvania Health System, • Chair of Internal Medicine and Chief of Gastroenterology, University of Pennsylvania School of Medicine • James Czirr, Exec. Chairman • Cofounder of 10X Fund and Managing Member • Cofounder of GalectinTherapeutics • CEO of Minerva Biotechnologies Corp. • Harold H. Shlevin, PhD – COO & Corporate Secretary • Principle/Manager of Bioscience Commercialization – Georgia Institute of Technology • VP Operations & Commercial Development – Altea Therapeutics Inc. • President & CEO – Tikvah Therapeutics • President & CEO – Solvay Pharmaceuticals • Cofounder and Sr VP – Ciba Vision Ophthalmics • Jack W. Callicutt – CFO & Corporate Treasurer • CFO of Reach Health, Inc. • CFO of Vystar Corporation • CFO of IVOX, Inc., Tikvah Therapeutics & Corautus Genetics • Deloitte 25 © 2014 Galectin Therapeutics | NASDAQ:GALT |
Key Employees/Consultants • J. Rex Horton – Executive Director of Regulatory Affairs and Quality Assurance • Director of Regulatory Affairs – Chelsea Therapeutics • Director of Regulatory Affairs – Solvay Pharmaceuticals, Inc. • Eliezer Zomer, PhD – Manufacturing and Product Development Head • Executive VP of Manufacturing & Product Development – Galectin Therapeutics • Founder of Alicon Biological Control • VP of Product Development - Safe Sciences, Inc. • VP of R&D – Charm Sciences, Inc. • Elena Chekova, PhD – Program Manager • Director of Business Development & Project Management – Pro-Pharmaceuticals • Founder and CEO - Biotine Consulting • VP of Business Development – Chiral Quest • Analyst – McKinsey & Berteslmann AG 26 © 2014 Galectin Therapeutics | NASDAQ:GALT |
Financial Key Facts – As of September 8, 2014 27 Trading Symbol Nasdaq: GALT Corporate Headquarters Norcross, GA (suburb of Atlanta) Fiscal Year End December 31 Accounting Firm McGladrey LLP Stock Price; 52 Week Range $5.81 $4.28 - $19.11 Shares Outstanding 22 million Daily Volume (3-month average) 733,000 shares Market Capitalization $128 million Debt $0 Cash & Equivalents (June 30, 2014) $34.4 million Estimated Spending in 2014 $14 million © 2014 Galectin Therapeutics NASDAQ:GALT |