pharmacokinetic and pharmacodynamic characterization of ......pharmacokinetic and pharmacodynamic...

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Pharmacokinetic and Pharmacodynamic Characterization of ALX148, a CD47 Blocker, in Patients with Advanced Malignancy and Non-Hodgkin Lymphoma Feng Jin 1 , Nehal Lakhani 2 , Patricia LoRusso 3 , Laura Q Chow 4 , Wells Messersmith 5 , Yung-Jue Bang 6 , Justin Gainor 7 , Jeeyun Lee 8 , Hyun Chung 9 , Keun-Wook Lee 10 , Stephen Hodi 11 , Sangeetha Bollini 1 , Laura Doyle 1 , Steven Kauder 1 * , Philip Fanning 1 , Jaume Pons 1 , Sophia Randolph 1 , Hong Wan 1 1 ALX Oncology, Burlingame, CA, USA and Dublin, Ireland; 2 START Midwest, Grand Rapids, MI, USA; 3 Yale Cancer Center, New Haven, CT, USA; 4 Seattle Cancer Care Alliance, Seattle, WA, USA; 5 University of Colorado Cancer Center, Aurora, CO, USA; 6 Seoul National University Hospital, Seoul, South Korea; 7 Massachusetts General Hospital Cancer Center, Boston, CA, USA; 8 Samsung Medical Center, Seoul, South Korea; 9 Yonsei Cancer Center, Yonsei University College of Medicine, Seoul, South Korea; 10 Seoul National University Bundang Hospital, Seongnam, South Korea; 11 Dana Farber Cancer Center, Boston, MA, USA *Employeed at ALX Oncology at the time this work was conducted. Background CD47, a marker of self, is upregulated by tumors to evade the immune system. CD47-SIRPα signaling represents a myeloid checkpoint mechanism in cancer. 1 ALX148 is a fusion protein comprised of an engineered high affinity CD47 binding domain of SIRPα genetically linked to an inactive Fc region of human immunoglobulin (Figure 1). 2 In non clinical models, ALX148 blocks CD47 and safely enhances the activity of several anti-cancer targeted antibodies and checkpoint inhibitors through Fc dependent and independent mechanisms, bridging innate and adaptive anti-cancer immune response. 2 AT148001 (NCT03013218), a first-in-human Phase 1 study evaluates ALX148 administered as a single agent (Part 1) and in combination with established anti-cancer antibodies (Part 2). 3,4 ALX148 Potential for Best in Class: Potency and Safety Potently and selectively binds CD47 to block its interaction with SIRPα. Picomolar binding affinity. Molecular weight is half the size of typical antibody allowing higher molar concentrations to be delivered to tumor. Fc domain is modified to eliminate binding to all Fc gamma receptors minimizing toxicity. Fc domain retains binding to the neonatal Fc receptor for pharmacokinetic half-life extension. ALX148 binds CD47 from human, monkey, rat, and mouse. High Affinity CD47 Binding Domains of SIRPα Inactive Fc Domain Figure 1. ALX148 is an intravenously administered fusion protein. Mechanism of Action Figure 2. ALX148 Bridges Innate and Adaptive Immunity Against Cancer 2 Dendritic Cell CD8+ T Cell M1 TAM M2 TAM Macrophage CCR7 Arginase 1 iNOS TNFα TNFα IFNγ MHC II CD86 CD163 CD47 CD47 CD47 CD47 CD68 CD28 Cytotoxic Granules CD8 MHC I TCR Fc Receptor Anticancer Antibody Cancer Cell SIRPα ALX148 Tumor Antigen ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming of T Cells ALX148 Increases the Ratio of Inflammatory M1 Tumor Associated Macrophages (TAMs) to Suppressive M2 TAMs ALX148 Blocks CD47 “Don’t Eat Me” Signal and Enhances Macrophage Phagocytosis M2 M1 Objective To characterize the pharmacokinetics (PK) and pharmacodynamics (PD) of ALX148 in patients with advanced solid tumors and lymphomas as a single agent and in combinations with pembrolizuab or trastuzumab. To conduct translational PK and PD modeling to estimate target occupancy (TO) in human tumors. Methods Study Design Table 1. Study Design Part 1: Single Agent ALX148 Cohort Dose (mg/kg) Schedule 1 0.3 Once a week 2 1.0 Once a week 3 3.0 Once a week 4 10.0 Once a week 5 30.0 Once every 2 weeks Part 2: ALX148 (10 mg/kg QW) Combination Solid Tumor Cohorts Dose Escalation Advanced Solid Tumors (Each Combo) Dose Expansion NSCLC (pembrolizumab); Progressed on Prior CPI/ PD-L1 <50% HNSCC (pembrolizumab); Progressed on Prior Platinum Therapy Gastric/GEJ (trastuzumab); Progressed on Prior Fluoropyrimidine Therapy PK/PD Analysis Methods Human PK and PD analytical methods: PK bioanalytical method: ALX 148 serum concentrations were analyzed using a validated ligand binding ELISA. PD (target occupancy-TO) assay: CD47 TO in peripheral blood T lymphocytes and erythrocytes was measured by a flow cytometry assay. Mouse PK and PD methods: A single dose of ALX148 was administered via intraperitoneal injection in BALB/c mice implanted subcutaneously with CT26-M/H HER2 tumor cells. At 1, 4, or 8 days after administration of ALX148, mice were euthanized; blood, spleen and tumors were removed for serum PK and CD47 TO assays. ALX148 serum levels were measured using a ligand binding ELISA and CD47 TO on CD4+ T cells and HER2+ tumor cells was determined by a flow cytometry assay using labeled ALX148. PK and PD data analysis methods: Noncompartmental analysis (NCA) was performed using Phoenix WinNonlin (v8.0 Certara USA, Inc., Princeton, NJ). Clinical population PK/PD modeling analysis was performed using NONMEM (v7.3, ICON Development Solutions, Hanover, MD). Preclinical PK/PD modeling analysis was performed using ADAPT 5 (Biomedical Simulations Resource, University of Southern California, Los Angeles, CA). PK/PD Modeling Methods Figure 3. Schematic Diagram of ALX148 PK/PD Model Central ALX148 Emax, EC50 Vmax, Km CL res k out k in Q PD (TO) Peripheral ALX148 PK described by a two compartment model with parallel linear and nonlinear clearance. ALX148 PD effect described by an indirect response model. Drug concentration in central compartment inhibits input of PD (TO) signal. PD data converted to % of baseline. Results ALX148 Concentration-Time Profiles Figure 4. ALX148 Concentration-Time Profiles Following ALX148 IV Infusion as Single Agent 1000 100 10 1 0.1 0 48 96 144 192 240 288 336 ALX148 Serum Concentration (µg/mL) Hour 1 mg/kg (N=4) 3 mg/kg (N=6) 10 mg/kg (N=3) 30 mg/kg (N=12) Figure 5. ALX148 Concentration-Time Profiles Following ALX148 IV Infusion at 10 mg/kg QW as Single Agent or in Combination 1000 100 10 1 0.1 0 48 96 144 192 ALX148 Serum Concentration (µg/mL) Hour 10 mg/kg (N=3) 10 mg/kg + Pembrolizumab (N=6) 10 mg/kg + Transtuzumab (N=4) Pembrolizumab: 200mg IV Q3W. Trastuzumab: 8 mg/kg IV followed by 6 mg/kg IV every Q3W. ALX148 PK Parameters Table 2. ALX148 PK Parameters Following IV Infusion at Cycle 1 Day 1 as Monotherapy Parameters Cohort 1 (0.3 mg/kg QW) N=2 Cohort 2 (1 mg/kg QW) N=4 Cohort 3 (3 mg/kg QW) N=6 Cohort 4 (10 mg/kg QW ) N=3 Cohort 5 (30 mg/kg QoW) N=12 Cmax (µg/mL) 0.379 ± 0.192* 7.03 ± 2.17 54.5 ± 18.3 247 ± 32.5 701 ± 169 AUCinf (µg*h/mL) N/A 48.5 ± 32.4 1830 ± 745 19700 ± 4940 101000 ± 31900 CL (mL/h/kg) N/A 34 ± 31 1.9 ± 0.85 0.53 ± 0.12 0.33 ± 0.11 Vss (mL/kg) N/A 150 ± 73 61 ± 19 60 ± 7.6 81 ± 20 * Reported for Cycle 2 day 1, Cmax at Cycle 1 day 1 were all BQL Table 3. ALX148 PK Parameters Following IV Infusion (10 mg/kg) at Cycle 1 Day 1 as Monotherapy or Combination Therapies Parameters Cohort 4 (10 mg/kg QW) N=3 Pembrolizumab Combo (10 mg/kg QW) N=12 Trastuzumab Combo (10 mg/kg QW) N=8 Cmax (µg/mL) 247 ± 32.5 232 ± 61.9 237 ± 78.2 AUCinf (µg*h/mL) 19700 ± 4940 18500 ± 6710 17700 ± 6880 CL (mL/h/kg) 0.53 ± 0.12 0.60 ± 0.20 0.63 ± 0.22 Vss (mL/kg) 60 ± 7.6 73 ± 21 72 ± 20 ALX148 PK profiles showed a trend of non-linear PK with faster clearance at lower doses and slower clearance at higher doses of 10 mg/kg QW and 30 mg/kg QoW, indicating saturation of target mediated clearance. ALX148 PK profiles (10 mg/kg QW) in combination with pembrolizumab or trastuzumab were not changed from that of a single agent. Pharmacodynamics Figure 6. TO-Time Profiles Following ALX148 IV Infusion as Single Agent 120 100 80 60 40 20 0 0 14 28 42 56 70 84 98 112 126 TO (RBC) Days RBC 0.3 mg/kg (N=3) 1 mg/kg (N=4) 3 mg/kg (N=6) 10 mg/kg (N=3) 30 mg/kg (N=11) 120 100 80 60 40 20 0 0 14 28 42 56 70 84 98 112 126 TO (CD4+) Days CD4+ T Cells 0.3 mg/kg (N=2) 1 mg/kg (N=4) 3 mg/kg (N=6) 10 mg/kg (N=3) 30 mg/kg (N=12) Figure 7. TO-Time Profiles Following ALX148 IV Infusion in Combination 120 100 80 60 40 20 0 0 14 28 42 56 70 84 98 112 126 140 154 168 TO (RBC) Days RBC 120 100 80 60 40 20 0 0 14 28 42 56 70 84 98 112 126 140 154 168 TO (CD4+) Days CD4+ T Cells 10 mg/kg + Pembrolizumab (N=36) 10 mg/kg + Transtuzumab (N=14) 10 mg/kg (N=3) 10 mg/kg + Pembrolizumab (N=37) 10 mg/kg + Transtuzumab (N=15) 10 mg/kg (N=3) CD47 Target Occupancy (Cohorts 1-5): Near complete occupancy by ALX148 is maintained at ≥3 mg/kg QW. At 10 mg/kg, pharmacodynamic responses were comparable when ALX148 was given as monotherapy or in combination with pembrolizumab or trastuzumab. Modeling Results: Representative PK and PD Fit Individual Subject Figure 8. Representative Individual Fit vs Observed ALX148 PK Profiles Time (Days) PK 0 14 28 42 56 70 0.1 1.0 10.0 100.0 1000.0 ID 10002 Cohort=1 Time (Days) PK 0 14 28 42 56 70 0.1 1.0 10.0 100.0 1000.0 ID 20001 Cohort=2 Time (Days) PK 0 14 28 42 56 70 0.1 1.0 10.0 100.0 1000.0 ID 10006 Cohort=3 Time (Days) PK 0 14 28 42 56 70 0.1 1.0 10.0 100.0 1000.0 ID 20009 Cohort=4 Time (Days) PK 0 14 28 42 56 70 0.1 1.0 10.0 100.0 1000.0 ID 30004 Cohort=5 Figure 9. Representative Individual Fit vs Observed PD (CD4+) Profiles Time (Days) PD Response 0 14 28 42 56 70 ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5 0 10 25 50 75 100 150 Time (Days) PD Response 0 14 28 42 56 70 0 10 25 50 75 100 150 Time (Days) PD Response 0 14 28 42 56 70 0 10 25 50 75 100 150 Time (Days) PD Response 0 14 28 42 56 70 0 10 25 50 75 100 150 Time (Days) PD Response 0 14 28 42 56 70 0 10 25 50 75 100 150 Modeling Results: PK and PD Fit Diagnostic Plots Figure 10. PK Fit Diagnostics Figure 11. PD Fit Diagnostics DV (ng/mL) IPRED (µg/mL) 10 100 1000 10000 10 100 1000 10000 PRED (ng/mL) CWRES -10 -5 0 5 10 100 500 1000 5000 DV IPRED PRED CWRES 1 5 10 50 100 -10 -5 0 5 10 10 100 10 100 DV – Observed value; PRED – Population prediction; IPRED – Individual prediction; CWRES – Conditional weighted residual. Overall, the diagnostic plots indicated good agreement between observed vs model predicted PK and PD results. Translational PK/PD Modeling Based on Data Obtained in Tumor Bearing Mice Figure 12. CD47 Occupancy in Tumor Bearing Mice Following a Single Intraperitoneal Injection of ALX148 at 10 or 30 mg/kg* Dose % Occupancy 30 mpk 10 mpk T Cells (Spleen) 24H 100 80 60 40 20 0 Dose % Occupancy 30 mpk 10 mpk 96H 100 80 60 40 20 0 Dose % Occupancy 30 mpk 10 mpk 216H 100 80 60 40 20 0 T Cells (Tumor) Tumor Cells * Anti-tumor efficacy and associated cellular changes in innate and adaptive immune response were observed with ALX148 (30 mg/kg) and anti-PD1 combination. 2 Figure 13. Modeled PK and PD (TO on Tumor Cell) 10 mg/kg 30 mg/kg 10 mg/kg Fitted 30 mg/kg Fitted 10 mg/kg 30 mg/kg 10 mg/kg Fitted 30 mg/kg Fitted 0 2 4 6 8 0 2 4 6 8 10 Day PK (µg/mL) ALX148 PK 1000 100 10 1 0.1 0.01 0.001 Day % Occupancy Tumor Cell Occupancy 120 100 80 60 40 20 0 PK/PD modeling revealed a trend of potency shift for TO from peripheral blood to tumor cells. The magnitude of this shift was assumed and used to simulate human tumor TO based on human peripheral blood TO. PK Simulation Figure 14. PK Simulation Based on Human Data Fitted Parameter 1000 100 10 1 0 168 336 504 672 840 1008 1176 1344 1512 1680 ALX148 (µg/mL) Hours Simulated ALX148 Concentration 5 mg/kg QW 10 mg/kg QoW 3 mg/kg QW 10 mg/kg QW 30 mg/kg QoW Based on PK modeling, steady-state half-life of ALX148 at 10 mg/kg QW is predicted to be ~ 16 days. Tissue/tumor TO >70%, >80% and >90% were projected to be maintained at 3 mg/kg QW, 10 mg/kg QoW and 10 mg/kg QW in patients over the dosing interval, respectively. References 1. Weiskopf, K. Eur J Cancer. 2017 May;76:100-109; 2. Kauder, SE. et al. PLoS ONE. 2018 August;13(8): e0201832; 3. Lakhani N et al, #3068, ASCO 2018. 4. Lakhani N et al, #P335, SITC 2018. Acknowledgements We would like to thank all of the participating patients and their families as well as site research staff. Contact email: [email protected] Presented at the 33 rd Annual Meeting of the Society for Immunotherapy of Cancer (SITC), Washington, D.C., USA, Nov 7-11, 2018. Conclusions ALX148 exhibited clinical PK properties typical of antibody therapeutics directed towards cell-surface targets. ALX148 PK approached linear range and maintained complete peripheral TO over the dosing interval at ≥3 mg/kg QW. Translational PK/PD modeling suggests tissue/tumor TO over 70% being maintained over the dosing interval at ≥3 mg/kg QW. Initial data suggests ALX148 PK and PD profiles are not impacted by combination drugs.

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Page 1: Pharmacokinetic and Pharmacodynamic Characterization of ......Pharmacokinetic and Pharmacodynamic Characterization of ALX148, a CD47 Blocker, in Patients with Advanced Malignancy and

Pharmacokinetic and Pharmacodynamic Characterization of ALX148, a CD47 Blocker, in Patients with Advanced Malignancy and Non-Hodgkin LymphomaFeng Jin1, Nehal Lakhani2, Patricia LoRusso3, Laura Q Chow4, Wells Messersmith5, Yung-Jue Bang6, Justin Gainor7, Jeeyun Lee8, Hyun Chung9, Keun-Wook Lee10, Stephen Hodi11, Sangeetha Bollini1, Laura Doyle1, Steven Kauder1*, Philip Fanning1, Jaume Pons1, Sophia Randolph1, Hong Wan1

1ALX Oncology, Burlingame, CA, USA and Dublin, Ireland; 2START Midwest, Grand Rapids, MI, USA; 3Yale Cancer Center, New Haven, CT, USA; 4Seattle Cancer Care Alliance, Seattle, WA, USA; 5University of Colorado Cancer Center, Aurora, CO, USA; 6Seoul National University Hospital, Seoul, South Korea; 7Massachusetts General Hospital Cancer Center, Boston, CA, USA; 8Samsung Medical Center, Seoul, South Korea; 9Yonsei Cancer Center, Yonsei University College of Medicine, Seoul, South Korea; 10Seoul National University Bundang Hospital, Seongnam, South Korea; 11Dana Farber Cancer Center, Boston, MA, USA *Employeed at ALX Oncology at the time this work was conducted.

Background• CD47, a marker of self, is upregulated by tumors to evade the immune

system. CD47-SIRPα signaling represents a myeloid checkpoint mechanism in cancer.1

• ALX148 is a fusion protein comprised of an engineered high affinity CD47 binding domain of SIRPα genetically linked to an inactive Fc region of human immunoglobulin (Figure 1).2

• In non clinical models, ALX148 blocks CD47 and safely enhances the activity of several anti-cancer targeted antibodies and checkpoint inhibitors through Fc dependent and independent mechanisms, bridging innate and adaptive anti-cancer immune response.2

• AT148001 (NCT03013218), a first-in-human Phase 1 study evaluates ALX148 administered as a single agent (Part 1) and in combination with established anti-cancer antibodies (Part 2).3,4

ALX148 Potential for Best in Class: Potency and Safety• Potently and selectively binds CD47

to block its interaction with SIRPα.• Picomolar binding affinity. • Molecular weight is half the size

of typical antibody allowing higher molar concentrations to be delivered to tumor.

• Fc domain is modified to eliminate binding to all Fc gamma receptors minimizing toxicity.

• Fc domain retains binding to the neonatal Fc receptor for pharmacokinetic half-life extension.

• ALX148 binds CD47 from human, monkey, rat, and mouse.

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Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

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Figure 1. ALX148 is an intravenously administered fusion protein.

Mechanism of ActionFigure 2. ALX148 Bridges Innate and Adaptive Immunity Against Cancer2

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10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

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High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

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10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

Objective• To characterize the pharmacokinetics (PK) and pharmacodynamics (PD)

of ALX148 in patients with advanced solid tumors and lymphomas as a single agent and in combinations with pembrolizuab or trastuzumab.

• To conduct translational PK and PD modeling to estimate target occupancy (TO) in human tumors.

MethodsStudy DesignTable 1. Study DesignPart 1: Single Agent ALX148

Cohort Dose (mg/kg) Schedule

1 0.3 Once a week

2 1.0 Once a week

3 3.0 Once a week

4 10.0 Once a week

5 30.0 Once every 2 weeks

Part 2: ALX148 (10 mg/kg QW) Combination Solid Tumor Cohorts

Dose Escalation Advanced Solid Tumors (Each Combo)

Dose Expansion

NSCLC (pembrolizumab); Progressed on Prior CPI/ PD-L1 <50%

HNSCC (pembrolizumab); Progressed on Prior Platinum Therapy

Gastric/GEJ (trastuzumab); Progressed on Prior Fluoropyrimidine Therapy

PK/PD Analysis Methods• Human PK and PD analytical methods:

• PK bioanalytical method: ALX 148 serum concentrations were analyzed using a validated ligand binding ELISA.

• PD (target occupancy-TO) assay: CD47 TO in peripheral blood T lymphocytes and erythrocytes was measured by a flow cytometry assay.

• Mouse PK and PD methods:• A single dose of ALX148 was administered via intraperitoneal injection in

BALB/c mice implanted subcutaneously with CT26-M/H HER2 tumor cells. • At 1, 4, or 8 days after administration of ALX148, mice were

euthanized; blood, spleen and tumors were removed for serum PK and CD47 TO assays.

• ALX148 serum levels were measured using a ligand binding ELISA and CD47 TO on CD4+ T cells and HER2+ tumor cells was determined by a flow cytometry assay using labeled ALX148.

• PK and PD data analysis methods:• Noncompartmental analysis (NCA) was performed using Phoenix

WinNonlin (v8.0 Certara USA, Inc., Princeton, NJ).• Clinical population PK/PD modeling analysis was performed using

NONMEM (v7.3, ICON Development Solutions, Hanover, MD).• Preclinical PK/PD modeling analysis was performed using ADAPT 5

(Biomedical Simulations Resource, University of Southern California, Los Angeles, CA).

PK/PD Modeling MethodsFigure 3. Schematic Diagram of ALX148 PK/PD Model

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

• ALX148 PK described by a two compartment model with parallel linear and nonlinear clearance.

• ALX148 PD effect described by an indirect response model.• Drug concentration in central

compartment inhibits input of PD (TO) signal.

• PD data converted to % of baseline.

ResultsALX148 Concentration-Time ProfilesFigure 4. ALX148 Concentration-Time Profiles Following ALX148 IV Infusion as Single Agent

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

Figure 5. ALX148 Concentration-Time Profiles Following ALX148 IV Infusion at 10 mg/kg QW as Single Agent or in Combination

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

• Pembrolizumab: 200mg IV Q3W. • Trastuzumab: 8 mg/kg IV followed by 6 mg/kg IV every Q3W. 

ALX148 PK ParametersTable 2. ALX148 PK Parameters Following IV Infusion at Cycle 1 Day 1 as Monotherapy

Parameters

Cohort 1 (0.3 mg/kg QW)

N=2

Cohort 2 (1 mg/kg QW)

N=4

Cohort 3 (3 mg/kg QW)

N=6

Cohort 4 (10 mg/kg QW )

N=3

Cohort 5 (30 mg/kg QoW)

N=12

Cmax (µg/mL) 0.379 ± 0.192* 7.03 ± 2.17 54.5 ± 18.3 247 ± 32.5 701 ± 169

AUCinf (µg*h/mL) N/A 48.5 ± 32.4 1830 ± 745 19700 ± 4940 101000 ± 31900

CL (mL/h/kg) N/A 34 ± 31 1.9 ± 0.85 0.53 ± 0.12 0.33 ± 0.11

Vss (mL/kg) N/A 150 ± 73 61 ± 19 60 ± 7.6 81 ± 20* Reported for Cycle 2 day 1, Cmax at Cycle 1 day 1 were all BQL

Table 3. ALX148 PK Parameters Following IV Infusion (10 mg/kg) at Cycle 1 Day 1 as Monotherapy or Combination Therapies

ParametersCohort 4

(10 mg/kg QW) N=3Pembrolizumab Combo

(10 mg/kg QW) N=12Trastuzumab Combo (10 mg/kg QW) N=8

Cmax (µg/mL) 247 ± 32.5 232 ± 61.9 237 ± 78.2

AUCinf (µg*h/mL) 19700 ± 4940 18500 ± 6710 17700 ± 6880

CL (mL/h/kg) 0.53 ± 0.12 0.60 ± 0.20 0.63 ± 0.22

Vss (mL/kg) 60 ± 7.6 73 ± 21 72 ± 20

• ALX148 PK profiles showed a trend of non-linear PK with faster clearance at lower doses and slower clearance at higher doses of 10 mg/kg QW and 30 mg/kg QoW, indicating saturation of target mediated clearance.

• ALX148 PK profiles (10 mg/kg QW) in combination with pembrolizumab or trastuzumab were not changed from that of a single agent.

PharmacodynamicsFigure 6. TO-Time Profiles Following ALX148 IV Infusion as Single Agent

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

Figure 7. TO-Time Profiles Following ALX148 IV Infusion in Combination

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

• CD47 Target Occupancy (Cohorts 1-5): Near complete occupancy by ALX148 is maintained at ≥3 mg/kg QW.

• At 10 mg/kg, pharmacodynamic responses were comparable when ALX148 was given as monotherapy or in combination with pembrolizumab or trastuzumab.

Modeling Results: Representative PK and PD Fit Individual SubjectFigure 8. Representative Individual Fit vs Observed ALX148 PK Profiles

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

Figure 9. Representative Individual Fit vs Observed PD (CD4+) Profiles

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

Modeling Results: PK and PD Fit Diagnostic PlotsFigure 10. PK Fit Diagnostics Figure 11. PD Fit Diagnostics

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

DV – Observed value; PRED – Population prediction; IPRED – Individual prediction; CWRES – Conditional weighted residual.

• Overall, the diagnostic plots indicated good agreement between observed vs model predicted PK and PD results.

Translational PK/PD Modeling Based on Data Obtained in Tumor Bearing MiceFigure 12. CD47 Occupancy in Tumor Bearing Mice Following a Single Intraperitoneal Injection of ALX148 at 10 or 30 mg/kg*

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

* Anti-tumor efficacy and associated cellular changes in innate and adaptive immune response were observed with ALX148 (30 mg/kg) and anti-PD1 combination.2

Figure 13. Modeled PK and PD (TO on Tumor Cell)

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

• PK/PD modeling revealed a trend of potency shift for TO from peripheral blood to tumor cells. The magnitude of this shift was assumed and used to simulate human tumor TO based on human peripheral blood TO.

PK SimulationFigure 14. PK Simulation Based on Human Data Fitted Parameter

1000

100

10

1

0.1

120

100

80

60

40

20

0

0 48 96 144 192 240 288 336

0 7 14 21 28 35 42 49

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

Hour

Days

TO (R

BC

)

120

100

80

60

40

20

00 7 14 21 28 35 42 49

Days

TO (C

D4+

)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (R

BC

)

Days

RBC

1000

100

10

1

0.10 48 96 144 192

ALX

148

Seru

mC

once

ntra

tion

(µg/

mL)

Hour

0.3 mg/kg (N=3)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=11)

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126

TO (C

D4+

)

Days

CD4+ T Cells

0.3 mg/kg (N=2)

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

10 mg/kg

30 mg/kg

10 mg/kg Fitted

30 mg/kg Fitted

1000

100

10

10 168 336 504 672 840 1008 1176 1344 1512 1680

ALX

148

(µg/

mL)

Hours

Simulated ALX148 Concentration

5 mg/kg QW10 mg/kg QoW3 mg/kg QW10 mg/kg QW30 mg/kg QoW

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (R

BC

)

Days

RBC

120

100

80

60

40

20

00 14 28 42 56 70 84 98 112 126 140 154 168

TO (C

D4+

)

Days

CD4+ T Cells

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=6)

10 mg/kg + Transtuzumab (N=4)

10 mg/kg + Pembrolizumab (N=36)

10 mg/kg + Transtuzumab (N=14)

10 mg/kg (N=3)

10 mg/kg + Pembrolizumab (N=37)

10 mg/kg + Transtuzumab (N=15)

10 mg/kg (N=3)

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10002 Cohort=1

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20001 Cohort=2

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 10006 Cohort=3

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 20009 Cohort=4

Time (Days)

PK

0 14 28 42 56 70

0.1

1.0

10.0

100.0

1000.0

ID 30004 Cohort=5

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

ID 10002 Cohort=1 ID 20001 Cohort=2 ID 10006 Cohort=3 ID 20009 Cohort=4 ID 30004 Cohort=5

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

Time (Days)

PD R

espo

nse

0 14 28 42 56 70

01025

50

75

100

150

0 2 4 6 8 0 2 4 6 8 10

High A�nity CD47 Binding Domains of SIRPα

InactiveFc Domain

DendriticCell

CD8+ T Cell

M1 TAM

M2 TAM

Macrophage

CCR7

Arginase 1

iNOS

TNFα

TNFα

IFNγ

MHC II

CD86

CD163

CD47

CD47

CD47

CD47

CD68

CD28

CytotoxicGranules

CD8

MHC I

TCR

Fc Receptor Anticancer Antibody Cancer CellSIRPα ALX148 Tumor Antigen

ALX148 Activates Dendritic Cells (DCs) and Enhances Cross-Priming

of T Cells

ALX148 Increases the Ratio of Inflammatory M1 Tumor

Associated Macrophages (TAMs) to Suppressive M2 TAMs

ALX148 Blocks CD47 “Don’t Eat Me” Signal and

Enhances Macrophage Phagocytosis

M2M1

Central

ALX148

Emax, EC50

Vmax, KmCLres

koutkin

Q

PD (TO)

Peripheral

1 mg/kg (N=4)

3 mg/kg (N=6)

10 mg/kg (N=3)

30 mg/kg (N=12)

DV (ng/mL)

IPRE

D (µ

g/m

L)

10 100 1000 10000

1010

010

0010

000

PRED (ng/mL)

CW

RES

-10

-50

510

100 500 1000 5000DV

IPRE

D

PRED

CW

RES

1 5 10 50 100

-10

-50

510

1010

0

10 100

Dose

% O

ccup

ancy

30 mpk 10 mpk

T Cells (Spleen)

24H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

96H100

80

60

40

20

0

Dose

% O

ccup

ancy

30 mpk 10 mpk

216H100

80

60

40

20

0

Day

PK (µ

g/m

L)

ALX148 PK1000

100

10

1

0.1

0.01

0.001

Day

% O

ccup

ancy

Tumor Cell Occupancy120

100

80

60

40

20

0

T Cells (Tumor) Tumor Cells

• Based on PK modeling, steady-state half-life of ALX148 at 10 mg/kg QW is predicted to be ~16 days.

• Tissue/tumor TO >70%, >80% and >90% were projected to be maintained at 3 mg/kg QW, 10 mg/kg QoW and 10 mg/kg QW in patients over the dosing interval, respectively.

References 1. Weiskopf, K. Eur J Cancer. 2017 May;76:100-109; 2. Kauder, SE. et al. PLoS ONE. 2018 August;13(8): e0201832; 3. Lakhani N et al, #3068, ASCO 2018. 4. Lakhani N et al, #P335, SITC 2018.

Acknowledgements We would like to thank all of the participating patients and their families as well as site research staff. Contact email: [email protected] Presented at the 33rd Annual Meeting of the Society for Immunotherapy of Cancer (SITC), Washington, D.C., USA, Nov 7-11, 2018.

Conclusions• ALX148 exhibited clinical PK properties typical of antibody therapeutics directed towards cell-surface targets.• ALX148 PK approached linear range and maintained complete peripheral TO over the dosing interval at ≥3 mg/kg QW. • Translational PK/PD modeling suggests tissue/tumor TO over 70% being maintained over the dosing interval at ≥3 mg/kg QW.• Initial data suggests ALX148 PK and PD profiles are not impacted by combination drugs.