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Luspatercept (ACE-536) Increases Hemoglobin and Decreases Transfusion Burden and Liver Iron Concentration in Adults with Beta-Thalassemia: Preliminary Results from a Phase 2 Study 1 Turin University, Italy; 2 Second University of Naples, Italy; 3 Ospedale "A. Perrino", Brindisi, Italy; 4 University of Ferrara, Italy; 5 Laiko General Hospital, Athens, Greece; 6 Garibaldi Hospital, Catania, Italy; 7 AORN "A. Cardarelli", Naples, Italy; 8 Ege University Children's Hospital, Izmir, Turkey; 9 Acceleron Pharma, Cambridge, MA, 10 Celgene Corporation, Summit, NJ, USA. Antonio G Piga, MD 1 , Silverio Perrotta, MD 2 , Angela Melpignano, MD 3 , Caterina Borgna- Pignatti, MD 4 , M. Rita Gamberini 4 , Ersi Voskaridou, MD 5 , Vincenzo Caruso, MD 6 , Aldo Filosa, MD 7 , Yesim Aydinok, MD 8 , Xiaosha Zhang 9 , Ashley Bellevue 9 , Dawn M. Wilson 9 , Abderrahmane Laadem, MD 10 , Matthew L. Sherman, MD 9 and Kenneth M. Attie, MD 9

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Luspatercept (ACE-536) Increases Hemoglobin and Decreases Transfusion Burden and Liver Iron

Concentration in Adults with Beta-Thalassemia: Preliminary Results from a Phase 2 Study

1Turin University, Italy; 2Second University of Naples, Italy; 3Ospedale "A. Perrino", Brindisi, Italy; 4University of Ferrara, Italy; 5Laiko General Hospital, Athens, Greece; 6Garibaldi Hospital, Catania,

Italy; 7AORN "A. Cardarelli", Naples, Italy; 8Ege University Children's Hospital, Izmir, Turkey; 9Acceleron Pharma, Cambridge, MA, 10Celgene Corporation, Summit, NJ, USA.

Antonio G Piga, MD1, Silverio Perrotta, MD2, Angela Melpignano, MD3, Caterina Borgna-Pignatti, MD4, M. Rita Gamberini4, Ersi Voskaridou, MD5, Vincenzo Caruso, MD6, Aldo

Filosa, MD7, Yesim Aydinok, MD8, Xiaosha Zhang9, Ashley Bellevue9, Dawn M. Wilson9, Abderrahmane Laadem, MD10, Matthew L. Sherman, MD9 and Kenneth M. Attie, MD9

1 EHA 2015

Disclosures: Dr. Antonio Piga

• Research grant from Acceleron

• Consultant honoraria from Celgene

• Research grant from Novartis

• Research grant from ApoPharma

2 EHA 2015

Background: β-Thalassemia

• Transfusion-dependent patients require regular RBC transfusions and iron chelation

• Non-transfusion dependent patients have chronic anemia and long-term complications

• In both, iron overload may result in major organ damage and increased mortality

• Life-long daily iron chelation therapy is often inadequate in preventing iron toxicity

• There are currently no safe and effective alternatives to RBC transfusions for anemia

Rund D, Rachmilewitz E, NEJM 2005

• β-thalassemia is an inherited anemia due to defective synthesis of the β-globin chains

– α-globin inclusion bodies contribute to ineffective erythropoiesis

3 EHA 2015

• Ineffective erythropoiesis is characterized by elevated TGF-β superfamily ligands and Smad 2/3 signaling

• Luspatercept is a recombinant fusion protein containing a modified extracellular domain (ECD) of the activin receptor type IIB (ActRIIB)

• Binds to GDF11 and other ligands, inhibits Smad 2/3 signaling, and promotes late-stage erythroid differentiation1

• Increased hemoglobin levels in healthy volunteer study2

1Suragani R et al., Nature Med 2014 2Attie, K et al.. Am J Hematol 2014

Background: Luspatercept (ACE-536)

Luspatercept

Modified ECD of ActRIIB receptor

Fc domain of human IgG1 antibody

Retic Baso E BFU-E CFU-E Pro E RBC Poly E Ortho E

Luspatercept EPO

4 EHA 2015

RAP-536 (Murine Analog of Luspatercept) Corrects Ineffective Erythropoiesis in β-Thalassemia Mouse Model (Hbb-/-)

Suragani R et al., Blood 2014

Increased RBC

wt bthal+TBS bthal+RAP-536 # # # p< 0.001 vs wt; ** p< 0.01 vs bthal + TBS

wt bthal+TBS bthal+RAP-536

Decreased Liver Iron

Improved Bone Mineral Density

wt bthal+TBS bthal+RAP-536

Reduced Spleen Size

wt bthal+TBS bthal+RAP-536

Improved RBC Morphology

RAP-536 is the murine analog of luspatercept

5 EHA 2015

Luspatercept Treatment Period

Screening Period

Follow-up Period

Study Week -4 BL 3 6 9 12 16 20

Study Overview: Luspatercept -Thalassemia Phase 2 Clinical Trial

• A phase 2, multicenter, open-label, dose escalation study in adults with β-thalassemia

• Primary efficacy endpoints:

• Non-transfusion dependent (NTD): Hb increase of ≥ 1.5 g/dL for ≥ 2 weeks

• Transfusion dependent (TD): Transfusion burden decrease ≥ 20% over 12 weeks

• Secondary efficacy endpoints:

• Liver iron concentration (MRI), serum ferritin, and biomarkers of erythropoiesis

• Treatment:

• Luspatercept administered subcutaneously every 3 weeks for 3 months

• Extension study ongoing for additional 12 months treatment

NTD = <4 U/8 weeks, hemoglobin < 10 g/dL

TD = ≥4 U/8 weeks confirmed over 6 months

NCT01749540, EudraCT 2012-002499-15

6 EHA 2015

• Dose escalation cohorts: n=35, completed

• n=3-6/cohort, 0.2 to 1.25 mg/kg

• Expansion cohort: as of 8 Jun 2015, 20 of 30 patients enrolled

• Starting dose 0.8 mg/kg, individual dose titration up to 1.25 mg/kg

• Preliminary results: n=39 (dose escalation cohorts n=35, expansion n=4)

Dose Escalation Expansion

Dose Level (mg/kg) 0.2 0.4 0.6 0.8 1.0 1.25 0.8*

No. of patients 6 6 6 6 6 5 4

* Starting dose level; dose level increased to 1.0 mg/kg in 2 patients

Enrollment Status

Data as of 10 Apr 2015

7 EHA 2015

Baseline Characteristics

All Patients N=39

Age, yr, median (range) 40 (20-57)

Sex, male, n (%) 19 (49%)

Splenectomy, n (%) 32 (82%)

Non-Transfusion Dependent (NTD) N=25 (64%)

Hemoglobin, g/dL, median (range) 8.4 (6.5-9.6)

LIC, mg/g dw, mean ± SD 5.8 ± 3.8

Transfusion Dependent (TD) N=14 (36%)

RBC Units/12 weeks, median (range) 7.5 (4-12)

LIC, mg/g dw, mean ± SD 5.2 ± 5.7

LIC = liver iron concentration (by MRI); dw = dry weight

Data as of 10 Apr 2015

Page 8 EHA 2015

Non-Transfusion Dependent (NTD) Patients

9 EHA 2015

Sustained Hemoglobin Increase in NTD Patients

• Patients treated with 0.8-1.25 mg/kg experienced sustained increases in hemoglobin levels

0.2-0.6 mg/kg

N=17

n (%)

0.8-1.25 mg/kg

N=8

n (%)

Hb increase ≥ 1.5 g/dL for ≥2 weeks 0 (0%) 4 (50%)

Mean Hb increase ≥ 1.5 g/dL for ≥ 9 weeks 0 (0%) 3 (38%)

Data as of 10 Apr 2015

10 EHA 2015

Mean Hemoglobin Change in NTD Patients

• Patients treated with 0.8-1.25 mg/kg had greater increase in hemoglobin

Data as of 10 Apr 2015

-0.5

0.0

0.5

1.0

1.5

2.0

1 22 43 64 85 106 127 148

Ch

ange

in H

emo

glo

bin

(g

/dL)

Study Days

0.2-0.6 mg/kg

0.8-1.25 mg/kg

Follow-up Period

= Scheduled dose

11 EHA 2015

Reduction in Liver Iron Concentration (LIC) in NTD Patients with Baseline LIC ≥ 5 mg/g dw

Baseline LIC (mg/g dw)

Ch

ange

in L

IC (

mg

/g d

w)

-5

-4

-3

-2

-1

0

1

2

3

5.2 5.4 5.4 7.0 7.9 8.0 8.5 8.5 8.6 11.1 13.6 15.1

Data as of 10 Apr 2015

• 8/12 patients with baseline LIC ≥ 5 mg/g dw had decrease ≥ 1 mg/g dw at Month 4

• 10/10 patients with baseline LIC < 5 mg/g dw maintained LIC < 5 mg/g dw

On iron chelation

No iron chelation

12 EHA 2015

R² = 0.3048

-6

-5

-4

-3

-2

-1

0

1

2

3

0.0 0.5 1.0 1.5 2.0 2.5 3.0

Ch

ange

in L

IC (

mg

/g d

w)

Maximum Change in Hemoglobin (g/dL)

NTD Patients with Baseline LIC ≥ 5

Increase in Hemoglobin Correlated with Reduction in Liver Iron Concentration (LIC) in NTD Patients

Data as of 10 Apr 2015

Page 13 EHA 2015

Transfusion Dependent (TD) Patients

14 EHA 2015

Reduction in Transfusion Burden in TD Patients

• 10/14 patients were treated for ≥12 weeks and were evaluable for change in transfusion burden

• All 10 evaluable patients had >40% reduction in transfusion burden over 12 weeks

Individual Patient Data

Baseline transfusion burden: 6-8 units/12 weeks Dose levels: 0.6 to 1.25 mg/kg

- - - Protocol-defined reduction for response

Data as of 10 Apr 2015

% C

han

ge in

Tra

nsf

usi

on

Bu

rden

-100

-80

-60

-40

-20

0

15 EHA 2015

Reduction in Liver Iron Concentration (LIC) in TD Patients with Baseline LIC ≥ 7 mg/g dw

Data as of 10 Apr 2015

-6

-4

-2

0

2

4

6

7.3 12.2 21.4

Baseline LIC (mg/g dw)

Ch

ange

in L

IC (

mg

/g d

w)

On iron chelation

• 2/3 patients with baseline LIC ≥ 7 mg/g dw had decrease ≥ 1 mg/g dw at Month 4

• 7/7 patients with baseline LIC < 7 mg/g dw maintained LIC < 7 mg/g dw

16 EHA 2015

Healing of Leg Ulcers in 3 of 3 Patients (1 of 2)

Pre-Treatment After 6 Weeks

Pre-Treatment After 4 Months After 4 Weeks

After 2 Years (Follow up)

• 3 of 3 patients with long-term, persistent leg ulcers experienced rapid healing with luspatercept treatment:

• 1 NTD patient at 0.4 mg/kg, experienced complete healing after 6 weeks

• 1 TD patient at 1.0 mg/kg experienced complete healing after 18 weeks

Data as of 10 Apr 2015

17 EHA 2015

Healing of Leg Ulcers in 3 of 3 Patients (2 of 2)

Data as of 10 Apr 2015

• 1 NTD patient (shown below) at 1.25 mg/kg experienced healing after 5 weeks

Pre-Treatment After 2 Weeks After 5 Weeks

18 EHA 2015

Safety Summary

• No related serious adverse events

• 2 patients had related grade 3 adverse events: bone pain (n=2), asthenia (n=1)

• 6/39 (15%) patients discontinued early, associated with an adverse event: headache, ankle pain, back pain, spider nevi, superficial thrombosis, and bone pain

Preferred Term

NTD

N=25

TD

N=14

Overall

N=39

Bone pain 3 (12%) 6 (43%) 9 (23%)

Myalgia 3 (12%) 4 (29%) 7 (18%)

Headache 2 (8%) 4 (29%) 6 (15%)

Asthenia 1 (4%) 3 (21%) 4 (10%)

Pain in extremity 1 (4%) 2 (14%) 3 (8%)

Influenza 1 (4%) 1 (7%) 2 (5%)

Macule 2 (8%) 0 2 (5%)

Musculoskeletal pain 1 (4%) 1 (7%) 2 (5%)

Related Adverse Events (all grades) in ≥ 5% Patients, n (%)

Data as of 10 Apr 2015

19 EHA 2015

12

11

10

9

8

7 Hem

ogl

ob

in (

g/d

L)

Study Day

d 3-Month Study Pre-Treatment

-84 -63 -42 21 0 21 42 63 84 105 126 147

d

Dose level: 0.8 0.8 1.0 1.0 1.0 1.0 1.0

d

Extension Study

Sustained Response in NTD Patient in Extension Study

Data as of 10 Apr 2015

20 EHA 2015

Conclusions

• 38% of non-transfusion dependent (NTD) patients treated with ≥ 0.8 mg/kg of luspatercept experienced sustained increases in total hemoglobin in this 16-week study

• The 10 transfusion dependent (TD) patients treated for ≥ 12 weeks each experienced > 40% reduction in transfusion burden

• A trend for reduction in liver iron concentration (LIC) was observed in the majority of NTD and TD patients, with and without iron chelation therapy

• Rapid healing of leg ulcers was observed in 3 of 3 patients

• Luspatercept demonstrated a favorable safety profile with no related serious adverse events

• Pivotal, controlled, Phase 3 studies of luspatercept in patients with β-thalassemia and myelodysplastic syndromes are planned

21 EHA 2015

Acknowledgments

• Investigators: A Piga, A Melpignano, S Perrotta, C Borgna-Pignatti, MR Gamberini, V Caruso, E Voskaridou, A Filosa, Y Aydinok

• Sub-investigators: M Genisio, S Roggero, F Longo, F Della Rocca, U Pugliese, I Tartaglione, L Manfredini, A Quarta, G Abbate, S Anastasi, R Lisi, M Casale, P Cinque, S Costantini, M Marsella, P Ricchi, A Spasiano

• Acceleron: K Attie, M Sherman, D Wilson, A Bellevue, C Rovaldi, B O‘Hare, T Akers, X Zhang, J Desiderio, S Ertel, T Sacco

• Celgene: A Laadem, S Ritland, J Zou, N Chen

• Chiltern: C Lanza, F Van der Schueren, M Belfiore, M Notredame

• Central Labs: CRL, ICON

• Independent Safety Reviewer: E Neufeld

• Sponsored by: Acceleron Pharma and Celgene