42
Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and analysts 13 November 2019

Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

  • Upload
    others

  • View
    2

  • Download
    0

Embed Size (px)

Citation preview

Page 1: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

Investor science call: American College of Rheumatology’s Annual Meeting 2019

Conference call for investors and analysts 13 November 2019

Page 2: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

In order, among other things, to utilise the 'safe harbour' provisions of the US Private Securities Litigation Reform Act 1995, we are providing the following cautionary statement: Thisdocument contains certain forward-looking statements with respect to the operations, performance and financial condition of the Group, including, among other things, statementsabout expected revenues, margins, earnings per share or other financial or other measures. Although we believe our expectations are based on reasonable assumptions, any forward-looking statements, by their very nature, involve risks and uncertainties and may be influenced by factors that could cause actual outcomes and results to be materially different fromthose predicted. The forward-looking statements reflect knowledge and information available at the date of preparation of this document and AstraZeneca undertakes no obligationto update these forward-looking statements. We identify the forward-looking statements by using the words 'anticipates', 'believes', 'expects', 'intends' and similar expressions in suchstatements. Important factors that could cause actual results to differ materially from those contained in forward-looking statements, certain of which are beyond our control, include,among other things: the loss or expiration of, or limitations to, patents, marketing exclusivity or trademarks, or the risk of failure to obtain and enforce patent protection; effects ofpatent litigation in respect of IP rights; the impact of any delays in the manufacturing, distribution and sale of any of our products; the impact of any failure by third parties to supplymaterials or services; the risk of failure of outsourcing; the risks associated with manufacturing biologics; the risk that R&D will not yield new products that achieve commercialsuccess; the risk of delay to new product launches; the risk that new products do not perform as we expect; the risk that strategic alliances and acquisitions, including licensing andcollaborations, will be unsuccessful; the risks from pressures resulting from generic competition; the impact of competition, price controls and price reductions; the risks associatedwith developing our business in emerging markets; the risk of illegal trade in our products; the difficulties of obtaining and maintaining regulatory approvals for products; the risk thatregulatory approval processes for biosimilars could have an adverse effect on future commercial prospects; the risk of failure to successfully implement planned cost reductionmeasures through productivity initiatives and restructuring programmes; the risk of failure of critical processes affecting business continuity; economic, regulatory and politicalpressures to limit or reduce the cost of our products; failure to achieve strategic priorities or to meet targets or expectations; the risk of substantial adverse litigation/governmentinvestigation claims and insufficient insurance coverage; the risk of substantial product liability claims; the risk of failure to adhere to applicable laws, rules and regulations; the risk offailure to adhere to applicable laws, rules and regulations relating to anti-competitive behaviour; the impact of increasing implementation and enforcement of more stringent anti-bribery and anti-corruption legislation; taxation risks; exchange rate fluctuations; the risk of an adverse impact of a sustained economic downturn; political and socio-economicconditions; the risk of environmental liabilities; the risk of occupational health and safety liabilities; the risk associated with pensions liabilities; the impact of failing to attract andretain key personnel and to successfully engage with our employees; the risk of misuse of social medial platforms and new technology; and the risk of failure of informationtechnology and cybercrime. Nothing in this presentation / webcast should be construed as a profit forecast.

2

Forward-looking statements

Page 3: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

3

Agenda

Introduction

Anifrolumab Phase III TULIP 1 trial

Anifrolumab Phase III TULIP 2 trial

Next steps

Q&A

Page 4: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

Investor science events in each therapy area

4

2019: a very busy year for the pipeline

European Society of Cardiology (Sep)

• Conference call

American Society of Nephrology (Nov)

• Conference call

American Society of Clinical Oncology (Jun)

• Meet AZN management event(s)

• Conference call

European Society of Medical Oncology (Sep)

• Meet AZN management event(s)

• Conference call

Oncology Cardiovascular, renal and metabolism

American College of Rheumatology (Nov)

• Conference call

Respiratory(and immunology)

For AstraZeneca investor and analyst events, please visit https://www.astrazeneca.com/investor-relations/results-and-presentations.html.

Page 5: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

5

Speakers

Dr. Richard FuriePrimary Investigator, Phase II MUSE and Phase III TULIP 1 trial and Chief of the Division of Rheumatology at Northwell Health, New York, US

Richard MarshallSenior Vice President and Head of Late-stage Development, Respiratory, Inflammation and Autoimmunity

Prof. Eric MorandPrimary Investigator, Phase III TULIP 2 trial and Head of the School of Clinical Sciences at Monash Health, Monash University, Australia

Micki HultquistGlobal Medicines Leader, anifrolumab

Page 6: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

6

Agenda

Introduction

Anifrolumab Phase III TULIP 1 trial

Anifrolumab Phase III TULIP 2 trial

Next steps

Q&A

Page 7: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

7

Page 8: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

8

Page 9: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

9

Page 10: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

10

Page 11: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

11

Page 12: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

12

Page 13: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

13

Page 14: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

14

Page 15: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

15

Page 16: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

16

Page 17: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

17

Page 18: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

18

Page 19: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

19

Page 20: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

20

Page 21: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

21

Agenda

Introduction

Anifrolumab Phase III TULIP 1 trial

Anifrolumab Phase III TULIP 2 trial

Next steps

Q&A

Page 22: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

22

Page 23: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

23

Page 24: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

24

Page 25: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

25

Page 26: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

26

Page 27: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

27

Page 28: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

28

Page 29: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

29

Page 30: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

30

Page 31: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

31

Page 32: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

32

Agenda

Introduction

Anifrolumab Phase III TULIP 1 trial

Anifrolumab Phase III TULIP 2 trial

Next steps

Q&A

Page 33: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

33

Anifrolumab: potential first-in-class treatment for SLE

Source: 1. Crow MK, J Immunol (192):5459-5468 (2014). 2. Furie R et al, Arthritis Rheum (69):376–86 (2017). 3. Furie RA et al, Lancet Rheumatol (2019). 4. Morand E et al, ACR 2019; Late breaking abstract L17. 5. Riggs JM et al, Lupus Sci Med (5):e000261 (2018). 6. Mahieu MA et al, Lupus 25:1122–1140 (2016). 7. Crow MK. Curr Opin Rheumatol (26):467-474 (2014). 8. Rönnblom L. Ups J Med Sci (116):227-237 (2011). 9. Dennis GJ. Clin Pharmacol Ther (91):143-14 (2012).

• Multiple lines of evidence indicated the role of type 1 IFNs in SLE1-3

• Anifrolumab data has now validated targeting the type 1 IFN receptor4

• Only molecule targeted against type 1 receptor5

Important new mode of action validated

Only one new treatment in SLE in the last 60 years6

Anifrolumab blocks all type 1 interferons, suppressing multiple steps in downstream activation of B & T cells contribute to the cycle of tissue inflammation and destruction seen in lupus5, 7-9

Anifrolumab blocks type 1 interferon

ADAPTIVE

IMMUNE SYSTEM

INNATE

IMMUNE SYSTEM

CELLULAR

DAMAGE

Neutrophil

T cell

pDC

Type I

IFNs

B cell

Anti-nuclear

antibodies

Complement

Nuclear

antigens

Apoptotic

cell

Trigger

Page 34: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

Anifrolumab results indicate important clinical potential

Source: 1. Morand E et al, ACR 2019; Late breaking abstract L17. 2. Furie R et al, Arthritis Rheum (69):376–86 (2017). 3. Furie RA et al, Lancet Rheumatol (2019). *Data generated using the revised restriction medication rules. †In patients with OCS ≥10 mg/d at baseline. ‡CLASI analysis includes patients with baseline CLASI score ≥10. §In TULIP-1 and MUSE joint activity was assessed in patients with ≥8 swollen and ≥8 tender joints. In TULIP-1 joint activity was assessed in patients with ≥6 swollen and ≥6 tender joints. OCS = oral corticosteroid

Data strengths should be compelling for clinicians and patients1

• BICLA results – improvement in all organ systems

• Response seen early

• OCS use reduced and sustained

• Skin disease activity reduced and seen as early as week 12

• Opportunity to identify predictors of response

Trials exhibited consistency across multiple clinical endpoints at 300mg dose1-3

34

Page 35: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

In a retrospective chart review of patients attending the Lupus Clinic of University College Hospital London:

35%of patients with SLE who exhibited organ damage died

over the follow-up period compared with

8.7%who had no organ damage

No organ damage

(n=69)

Organ damage

(n=231)

1.00

0.75

0.50

0.25

0

Non damage

Damage

0 10 20 30 40

Analysis time (years)

Kapla

n M

eie

r surv

ival estim

ate

s

35

Improvement in BICLA means all organ systems with moderate to severe disease improved from baseline

Source: 2. Segura BT, et al. Rheumatology (Oxford). 2019.

Examples of organ systems measured by BICLA in the TULIP trials1

Survival probability in patients with and without organ damage2

Source:1. Furie RA et al, Lancet Rheumatol (2019). Images credit: BSIP/ B. Tapper/C. Barry /N.Doss /A.Prohic /ISM

Musculoskeletal Hematologic

Mucocutaneous Ophthalmic Gastrointestinal

Cardiorespiratory

Page 36: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

OCS is major contributor to organ damage

36

Around 70-80% of moderate to severe SLE patients use OCS

Corticosteroid-mediated organ damage

Significant corticosteroid use in SLE patients

Source: C1 Consulting SLE Integrated Insights study 2017; MarketScan Truven US claims data analysis 2010-2015. Source: Gladman et al. J Rheumatol. 2003;30:1955-1959. SDI = Systemic Lupus International Collaborating Clinics/American College of Rheumatology Damage Index.

4%17% 19%

25%

67%52%

71%

17%29%

0%

20%

40%

60%

80%

100%

Mild Moderate-Severe Bio-Naïve Biologic experienced

Chronic use (180+ days) Flare based (15-179 days) Limited/none (0-15 days)

0

10

20

30

40

50

60

70

80

90

100

<1 <5 <10 <15

Definitely corticosteroidrelated

Possibly corticosteroidrelated

Corticosteroid independent

% n

ew S

DI

entr

ies

Disease duration (years)

(n=19) (n=33) (n=16) (n=55)

Page 37: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

37

Anifrolumab led to early onset of response

CLASI response seen at pre-specified measure of 12 weeks in TULIP 2*

BICLA response over time in TULIP 21

*In patients with CLASI activity score ≥10 at baseline. Source: 1. Morand E et al, ACR 2019; Late breaking abstract L17.

Week 0 Week 12

Page 38: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

New modalities will drive the SLE market

38

Significant healthcare burden and clear unmet need

Source: AstraZeneca analysis supported by Decision Resources, KantarHealth, Epi Literature Review and other market feedback.

SLE Patients (000s), Top 8 Countries(US, UK, ES, IT, DE, FR, JP, CN)

Potential for amessage box

SLE prevalence outlook

SLE, rates 2016 2018 2025E

Diagnosed

prevalence556k 579k

Treated 90% 90%

Biologic

treated6% 9%

Global LUPUSPrevalence

Top 8 DiagnosedSLE Prevalence

Top 8 DiagnosedExtra Renal SLE

Prevalence*

Treated Moderate-Severe Biologic Treated

5000

760

579

319

30

523

15%

76%

90%

61%

9%

Page 39: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

39

Next steps for anifrolumab

• TULIP 2 demonstrated superiority across multiple endpoints vs. placebo1

• Overall efficacy results were highly consistent between TULIP 1, TULIP 2 and MUSE

• US FDA Fast Track attained based on MUSE data

• Data strengths should be compelling for clinicians and patients1-3

• Efficacy as measured by BICLA

• Early treatment response

• OCS reduction, skin disease activity reduction

• Consistent safety profile across trials

Anifrolumab is a potential first-in-class treatment that blocks type 1 interferon for patients with SLE

Potential for amessage box

Importantnews flow

Trial/milestone Phase Status

Subcutaneous use

trialII

Detailed results

announced at

ACR 20194

Regulatory

submissions in

moderate-to-severe

SLE

-Anticipated

H2 2020

TULIP LTE (long-

term extension)III

Data

anticipated

2021+

TULIP-LN1 (lupus

nephritis)II

Data

anticipated

2021

Regulatory submission anticipated H2 2020

Source: 1. Morand E et al, ACR 2019; Late breaking abstract L17. 2. Furie R et al, Arthritis Rheum (69):376–86 (2017). 3. Furie RA et al, Lancet Rheumatol (2019). 4. Bruce I et al, ACR 2019 abstract 2563.

Page 40: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

40

Agenda

Introduction

Anifrolumab Phase III TULIP 1 trial

Anifrolumab Phase III TULIP 2 trial

Next steps

Q&A

Page 41: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

41

Page 42: Investor science call: American College of Rheumatology’s ... · Investor science call: American College of Rheumatology’s Annual Meeting 2019 Conference call for investors and

Use of AstraZeneca conference call, webcast and presentation slidesThe AstraZeneca webcast, conference call and presentation slides (together the ‘AstraZeneca Materials’) are for your personal, non-commercial use only. Youmay not copy, reproduce, republish, post, broadcast, transmit, make available to the public, sell or otherwise reuse or commercialise the AstraZenecaMaterials in any way. You may not edit, alter, adapt or add to the AstraZeneca Materials in any way, nor combine the AstraZeneca Materials with any othermaterial. You may not download or use the AstraZeneca Materials for the purpose of promoting, advertising, endorsing or implying any connection betweenyou (or any third party) and us, our agents or employees, or any contributors to the AstraZeneca Materials. You may not use the AstraZeneca Materials in anyway that could bring our name or that of any Affiliate into disrepute or otherwise cause any loss or damage to us or any Affiliate. AstraZeneca PLC, 1 FrancisCrick Avenue, Cambridge Biomedical Campus, Cambridge, CB2 0AA. Telephone + 44 20 3749 5000, www.astrazeneca.com

42