Delivering on the RNA Revolution
April 2024
NASDAQ: RNA | aviditybio.com
Forward-Looking Statements
We caution the reader that this presentation contains forward-looking statements that involve substantial risks and uncertainties. All statements other than statements of historical fact contained in this presentation are forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: our future results of operations and financial position; our business strategy; the anticipated timing, costs, design and conduct of our ongoing and planned preclinical studies and clinical trials; the timing of release of data from our ongoing clinical programs; the characterization of data and results from preclinical studies and clinical trials, and conclusions drawn therefrom; research and development plans; plans and projected timelines for delpacibart etedesiran (del-desiran,or AOC 1001), AOC 1020 and AOC 1044; safety and tolerability profiles of our product candidates; the potential of the AOC platform and specific product candidates; the ability of our product candidates to treat rare diseases; timing and likelihood of success; product approvals; plans and objectives of management for future operations; collaborations with third parties and expected benefits therefrom; the partial clinical hold related to del-desiran; and cash position and our ability to fund our planned operations. In some cases, the reader can identify forward-looking statements by terms such as "may," "will," "should," "expect," "plan," "anticipate," "could," "intend," "target," "project," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The inclusion of forward-looking statements should not be regarded as a representation by Avidity that any of our plans will be achieved. Actual results may differ from those set forth in this presentation due to the risks and uncertainties inherent in our business based on factors beyond our control, including, without limitation: we may not be able to fully resolve the partial clinical hold related to del-desiran, which may result in delays in the clinical development of del-desiran; additional requests for data in connection with the partial clinical hold or otherwise may result in significant additional expense and timing delays; data delivered to the FDA in connection with the partial clinical hold may not be satisfactory to the FDA; additional participant data related to del-desiran and our other product candidates that continues to become available may be inconsistent with the data produced as of the most recent respective date cutoff, and further analysis of existing data and analysis of new data may lead to conclusions different from those established as of such date cutoff; unexpected adverse side effects or inadequate efficacy of our product candidates may delay or limit their development, regulatory approval and/or commercialization, or may result in additional clinical holds, recalls or product liability claims; we are early in our development efforts; our approach to the discovery and development of product candidates based on our AOC platform is unproven, and we do not know whether we will be able to develop any products of commercial value; the results of preclinical studies and early clinical trials are not necessarily predictive of future results; potential delays in the commencement, enrollment and completion of clinical trials; our dependence on third parties in connection with preclinical and clinical testing and product manufacturing; we may not realize the expected benefits of our collaborations with third parties, our existing collaborations may terminate earlier than expected or we may not be able to form new collaborations; regulatory developments in the United States and foreign countries, including acceptance of INDs and similar foreign regulatory submissions and our proposed design of future clinical trials; Fast Track Designation by the FDA may not lead to a faster development or regulatory review or approval process; our ability to obtain and maintain intellectual property protection for our product candidates and proprietary technologies; we may exhaust our capital resources sooner than we expect and fail to raise additional needed funds; and other risks described under the heading "Risk Factors" in our Form 10-K for the year ended December 31, 2023, filed with the SEC on February 28, 2024, and in subsequent filings with the SEC. The reader is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
This presentation also contains estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and the reader is cautioned not to give undue weight to such estimates. In addition, projections, assumptions, and estimates of our future performance and the future performance of the markets in which we operate are necessarily subject to a high degree of uncertainty and risk. These and other factors could cause results to differ materially from those expressed in the estimates made by the independent parties and by us. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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OUR VISION
To profoundly improve
people's lives by revolutionizing the delivery of RNA therapeutics
Luke | 3 |
Living with DM1 |
Building a New Class of RNA Therapeutics
Well positioned for next phase of growth
BROAD & DISRUPTIVE
P L A T F O R M
WORLD CLASS TEAM OF RNA & RARE DISEASE
E X P E R T S
S T R O N G F I N A N C I A L S
& INVESTOR CONFIDENCE
- AOC platform led to historical first-ever successful delivery of RNA to muscle; successful delivery repeated with AOC 1044 in healthy volunteers
- Expanding our therapeutic expertise, particularly in precision cardiology, through research collaborations and internal discovery efforts
- Committed to innovative science matched by passion to improve people's lives
- Building an integrated and diverse company in service of our patients
- Strong pro forma cash position of ~$975 million with funding into late 2026*
- Continue to execute on our three clinical development programs for DM1, DMD44 and FSHD and broaden our AOC platform into the precision cardiology therapeutic area
* Including anticipated receipt of $380M net proceeds raised in private placement announced on Feb 29, 2024, and expected to close on March 4, 2024
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Delivering in 2024: 3 Data Readouts in 3 Clinical Programs in 3 Rare Diseases
Del-desiranTM in DM1 | AOC 1044 in DMD44 | AOC 1020 in FSHD |
>40,000 patients in U.S. | ~900 patients in U.S. | ~16,000-38,000 patients in U.S. |
On track for initiation of global | Anticipate Phase 1/2 EXPLORE44 | Anticipate Phase 1/2 FORTITUDE |
Phase 3 HARBOR trial Q2 2024 | patient data in 2H 2024 | preliminary data in ~half of |
participants in Q2 2024 |
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Diverse and Expanding AOC Pipeline
PROGRAM / INDICATION
TARGET
LEAD
OPTIMIZATION
IND ENABLING
PHASE 1/2
PHASE 3
Del-desiranTM (AOC 1001) | DMPK | ||
Myotonic Dystrophy Type 1 (DM1) | |||
AOC 1044 | |||
Exon 44 | |||
Duchenne Muscular Dystrophy (DMD) | |||
AOC 1020 | DUX4 | ||
Facioscapulohumeral Muscular Dystrophy (FSHD) | |||
Additional DMD Programs | Exon 45 & | ||
Undisclosed | |||
Rare Skeletal Muscle Program | Undisclosed | ||
Rare Precision Cardiology Program | Undisclosed | ||
* Global Phase 3 HARBORTM Trial Initiation planned for Q224
*
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Key to Our Success: Proprietary AOC
Combining the specificity | |
of mAbs with the precision | |
of oligonucleotide therapies | mAb |
Platform
mAb
OLIGO
OLIGO
MONOCLONAL | OLIGONUCLEOTIDE | ANTIBODY OLIGONUCLEOTIDE |
ANTIBODIES | THERAPIES | CONJUGATE (AOC) |
AOC platform advantages:
- Ability to target new tissue and cell types beyond the liver
- Flexibility to select and deploy the most potent oligonucleotides (e.g., siRNAs, PMOs)
- Maximizes therapeutic durability, enabling infrequent dosing
- Readily reproducible and scalable
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The Optimal AOC for Each Target
AOC COMPONENTS | DATA-DRIVEN COMPONENT | OUR ENGINEERING IMPACT | ||
CHARACTERISTICS | ||||
mAb | • | Well-established safety profile | • | Designed to be effector function null |
• | High specificity and affinity | • | Epitope selection designed for optimal | |
• | Long half-life | activity | ||
Known linker | • | Enhanced for durability | ||
Linker | • | • | Engineered sites of conjugation | |
• | Applicable to multiple oligo modalities | • | Optimized ratio of oligonucleotides | |
to mAbs | ||||
siRNA | • | Attractive safety profiles | • | Engineered to withstand lysosomal |
• | Potency in the nanomolar range | enzymes | ||
• | Sustained activity in the cytoplasm and | • | Selected and modified to diminish off- | |
Oligonucleotide | nucleus | target effects | ||
PMO | • | Attractive safety profile | • | Engineered for efficient delivery to |
• | Potency in the nanomolar range | muscle - increased drug to antibody | ||
• | Sustained activity | ratio | ||
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Avidity Is Opening the Possibilities of RNA Delivery
First-ever company to demonstrate successful targeted delivery of RNA to muscle
Past 30 Years | 2021 | Today | 2024 and Beyond |
First AOC Dosed in Humans |
RNA Therapeutics | Skeletal | Immunology | |
Muscle | |||
mAb | OLIGO | ||
Focused | Precision | Other | |
Cardiology | Indications | ||
on delivery to the | AOC | ||
liver or local delivery | |||
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Del-desiran Program for Myotonic Dystrophy Type 1 (DM1)
"Some days I don't have the energy to take another step."
- Karin, living with DM1
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Disclaimer
Avidity Biosciences Inc. published this content on 29 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2024 18:10:08 UTC.