PROTALIX BIOTHERAPEUTICS
C O R P O R A T E P R E S E N T A T I O N J u n e 2 0 2 4
Disclaimers
Third-Party Information
This presentation also contains estimates and other data made by independent parties and Protalix relating to market size and growth and other data related to the industry in which Protalix operates. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Neither Protalix nor any other person makes any representation as to the accuracy or completeness of such data. In light of the foregoing, you are urged not to rely on any forward-looking statement or third-party data in reaching any conclusion or making any investment decision about any securities of the Company. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives. We recommend that investors independently evaluate specific investments and strategies.
Corporate Presentation I June 2024
2
Forward-Looking Statements
This presentation contains forward-looking statements that involve risks and uncertainties within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Exchange Act. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based on management's current expectations or plans projections for future operating and financial performance based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "anticipate," "believe," "estimate," "expect," "can," "continue," "could," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "would" and other words or phrases of similar import, as they relate to Protalix, its subsidiaries or its management, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements in this presentation include, among other things, statements regarding our cash runway and the commercialization of our product. Forward-looking statements are subject to many risks and uncertainties that could cause our actual results to differ materially from any future results expressed or implied by the forward-looking statements, including, but not limited to, risks related to the commercialization of Elfabrio® (pegunigalsidase alfa-iwxj), our approved product for the treatment of adult patients with Fabry disease; Elfabrio's revenue, expenses and costs may not be as expected; Elfabrio's market acceptance, competition, reimbursement and regulatory actions, including as a result of the boxed warning contained in the U.S. Food and Drug Administration, or the FDA, approval received for the product; the regulatory approval and commercial success of our other product and product candidates, if approved; risks related to our expectations with respect to the potential commercial value of our products and product candidates; failure or delay in the commencement or completion of our preclinical studies and clinical trials, which may be caused by several factors, including: slower than expected rates of patient recruitment; unforeseen safety issues; determination of dosing issues; lack of effectiveness during clinical trials; inability to satisfactorily demonstrate non-inferiority to approved therapies; inability or unwillingness of medical investigators and institutional review boards to follow our clinical protocols; inability to monitor patients adequately during or after treatment; and/or lack of sufficient funding to finance our clinical trials; delays in the approval or potential rejection of any applications we file with the FDA, European Medicines Agency or other health regulatory authorities for our other product candidates, and other risks relating to the review process; our ability to manage our relationship with our collaborators, distributors or partners, including, but not limited to, Pfizer Inc., and Chiesi Global Rare Diseases; the amount and sufficiency of our cash and cash equivalents; and other factors described in our filings with the U.S. Securities and Exchange Commission. In addition, new risk factors and uncertainties may emerge from time to time, and it is not possible to predict all risk factors and uncertainties. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. Except as required by law, Protalix undertakes no obligation to update or revise the information contained in this presentation whether as a result of new information, future events or circumstances or otherwise.
Corporate Presentation I June 2024
3
Investment Highlights
A strong foundation to further expand into the Rare Disease space
Two Approved Drugs
Elelyso® (alfataliglicerase in Brazil): FDA approved, commercially marketed drug for Gaucher disease
Elfabrio® (pegunigalsidase alfa) has been approved for marketing by the FDA and the European Commission for Fabry disease1
Clinically-Validated Platforms
Proprietary ProCellEx® platform for recombinant protein expression cGMP2 manufacturing facility successfully inspected and audited by multiple regulatory agencies, including the FDA & EMA
Strong Partnerships
Chiesi Farmaceutici S.p.A.
Pfizer Inc.
Fundação Oswaldo Cruz (Fiocruz)
Clinical and Regulatory Expertise in Rare Genetic Space
Strong clinical and regulatory expertise for biologics and world-class network of Lysosomal Storage Disorder disease experts
Growing Development Pipeline
PRX-115: Uricase for uncontrolled gout
PRX-119: Long Acting DNase I for NETs-related diseases
Multiple other product candidates, in discovery and preclinical phases
Revenue-Generating
Multiple revenue streams, including sales to Pfizer, Fiocruz (Brazil) and Chiesi
- For the treatment of adult patients with Fabry disease
- cGMP = Current Good Manufacturing Practice
Corporate Presentation I June 2024
4
Product Pipeline
Recombinant proteins designed to have potentially improved therapeutic profiles that target unmet medical needs and established pharmaceutical markets
Discovery and Preclinical | Phase I | Phase II | Phase III | Marketing Application | |
Elelyso® | |||||
Gaucher Disease | Approved in 23 | ||||
(taliglucerase alfa) | markets | ||||
Elfabrio® | Fabry Disease | Approved (US and | |||
(pegunigalsidase alfa) | EU) | ||||
PEGylated Uricase | Uncontrolled Gout | Expanding | to 8th cohort; phase II | planning in progress | |
(PRX-115) | |||||
Long Acting (LA) DNase I | NETs-Related | ||||
(PRX-119) | Diseases | ||||
Research Programs | Rare Diseases | ||||
Note: Current pipeline candidates are generally recombinant proteins expressed via our proprietary ProCellEx® system
Corporate Presentation I June 2024
5
Approved Products
6
Elelyso® for Gaucher Disease
First plant cell derived recombinant protein approved by the FDA
Gaucher Disease
- Rare autosomal recessive disorder: affects 1 in 40,000 people
- Glucocerebrosidase (GCD) enzyme deficiency resulting in accumulation of glucosylceramide, a lipid, in bone marrow, lungs, spleen, liver and sometimes brain
Product
- Elelyso (alfataliglicerase in Brazil) is a proprietary, recombinant form of GCD for long-term treatment of patients with a confirmed diagnosis of type 1 Gaucher disease
- Expressed through our ProCellEx® platform
Symptoms and Treatment
- Possible symptoms include enlarged liver and spleen, various bone disorders, easy bruising and bleeding and anemia
- Left untreated, it can cause permanent body damage and decreased life expectancy
- Standard of Care: Enzyme Replacement Therapy
Commercial Potential
- Approved in 23 markets
- Worldwide exclusive license agreement with Pfizer in 2009, amended in 2015 (excluding Brazil)
- Sales ~$10.4M in Brazil (FY2023) via Fundação Oswaldo Cruz
- Market share in Brazil: ~27%
1. Approved in 23 markets including the US, Australia, Canada, Israel, Brazil, Russia and Turkey. In 2010, the European Committee for Medicinal Products for Human Use (CHMP) gave a positive opinion but also concluded that the medicine cannot be granted marketing authorization in the EU because of the market exclusivity that had been granted to Vpriv® (Shire) which was authorized in August 2010 for the same condition. The orphan market exclusivity expired in August 2022.
Corporate Presentation I June 2024
7
Elfabrio® for Fabry Disease
Second plant cell derived recombinant protein approved by the FDA
Fabry Disease
- Rare X-linked disease: affecting about one in every 40,000 to 60,000 men worldwide
- α-galactosidase-Aenzyme deficiency leads to accumulation of the fatty substance globotriaosylceramide (Gb3) in blood and blood vessel walls throughout the body
Product
- Elfabrio (pegunigalsidase alfa): Chemically Modified, Plant Cell Derived, PEGylated, Covalently Linked Homodimer
- Approved for marketing by the EC, FDA and others
- Expressed through our ProCellEx® platform
Symptoms and Treatment
- Progressive disease that can lead to renal failure, cardiomyopathy with potentially malignant cardiac arrhythmias, and strokes
- Symptoms such as abdominal and neuropathic pain can appear in patients as young as two years old
- Standard of Care: Enzyme Replacement Therapy (Replagal® or Fabrazyme®1,2)
Commercial Potential
• Fabry: ~$2B (2023) expected to reach ~$3.1B (2030); Poised to capture significant global market share (15- 20%)
- Will potentially be entitled to $120M-$150M royalties per
year from Chiesi3
1. | Does not include Galafold®, a small molecule drug indicated for adult Fabry patients with an amenable GLA variant. | Corporate Presentation I June 2024 |
2. | Replagal® is not approved in the US | |
3. | Based on projected 15-20% share of projected market size increase to ~$3.1 billion by 2030. |
8
Fabry Disease Competitive Landscape
~$2B market (2023) expected to reach over $3.1B (2030), CAGR of 6.8%
Product Name | Fabrazyme® | Replagal® | Galafold® | Elfabrio® |
Parent Company | ||||
Mechanism | ERT | ERT | Pharmacological chaperone | ERT |
Approved for | Adults and pediatric patients 2+ years | Adults (EU only) | Accelerated approval in adults (US) | Adults (US, EU and others) |
(US); | ||||
Adults, children and adolescents | Adults and adolescents 16+ years | |||
aged 8+ years. (EU) | (EU) | |||
Dosing | 1 mg/kg every 2 weeks | 0.2 mg/kg every 2 weeks | 123 mg every other day | 1 mg/kg every 2 weeks |
Administration | Intravenous infusions | Intravenous infusions | Oral | Intravenous infusions |
mode | ||||
Approval Date | Full approval in 2021; accelerated | Not approved in US; 2001 (EU) | 2018 (US); 2016 (EU) | 2023 (US and EU) |
approval in 2003 (US); 2001 (EU) | ||||
Elfabrio is poised to capture meaningful global market share (15-20%)
Corporate Presentation I June 2024
9
Committed Commercial Partner
Global Partnership with Chiesi Farmaceutici S.p.A.
- International research-focused biopharmaceutical group with sales in excess of $3B in 2023 (reflecting 10% growth year-on-year
- Operating in close to 30 countries with over 7,000
employees
- Strong sales and marketing partner poised to maximize the market potential of pegunigalsidase alfa as the centerpiece of their new strategic US-based Orphan Drug division
- Elfabrio® launches underway in US, throughout EU and additional markets
- Committed global partner with experienced sales team
- Strategic focus on rare diseases
- Specific expertise in Fabry disease
- Ideally suited to bring Elfabrio to patients with Fabry disease1
(1) Tiered royalties of 15-35%(ex-US);15-40% (US)
Corporate Presentation I June 2024
10
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Protalix BioTherapeutics Inc. published this content on 26 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2024 10:34:42 UTC.