Revolutionizing the Treatment

of Serious Infections Through

Phage Therapy

Corporate Presentation / April 2024

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Acquisition of APT creates a leading phage company with an advanced clinical pipeline

On March 18, 2024, BiomX announced closing of the acquisition of Adaptive Phage Therapeutics (APT)

  • Multiple clinical readouts: Two Phase 2 programs expected to read out in 2025
  • Extensive clinical experience: ~80 compassionate use cases, multiple clinical studies & INDs
  • Top tier investor base: Deerfield, AMR Fund, Orbimed and the CF Foundation
  • Attracted significant non-dilutivegovernment funding: >$40M received from Defense Health Agency, NIH and other
  • Large phage collection/bank:
    • 185 phage cleared for investigational use by regulatory agencies or institutional review boards, targeting 8 bacterial species
    • 100's of phage targeting multiple bacteria

Advanced CMC capabilities: GMP certified facilities (upstream, downstream fill & finish), capacity of up to 40L, multiple formulation types (topical, inhalation,

IV, oral)

  • APT selected for Fierce Biotech's 2023 Fierce 15 list for 15 most innovative and truly fierce biotechs

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Combined pipeline provides two significant clinical inflection points in indications with high unmet need

Unmet need in cystic fibrosis ('CF')

BX004 - our lead program

  • In CF patients, Pseudomonas aeruginosa (PsA) lung infections are a leading cause of morbidity and mortality
  • Prolonged antibiotic treatments lead to significant resistance, creating a large unmet need - estimated 17,000 CF patients in the US and Western Europe with chronic PsA infections. Potential commercial opportunity of > $1.5 billion worldwide1
  • In a Phase 1b/2a study, 3 out of 21 (14.3%) patients in the BX004 arm converted to sputum culture negative for PsA after 10 days of treatment compared to 0 out of 10 (0%) in the placebo arm2
  • BX004 showed signals of improvement in pulmonary function vs. placebo, in relative FEV1 improvement (5.67% at Day 17, 1 week after EOT) and PRO in patients with reduced lung function3
  • Phase 2b readout expected 3Q25

Unmet need in Diabetic Foot Osteomyelitis ('DFO')

BX211

(formally an APT program)

  • DFO patients represent the majority of 160K lower limb amputations in diabetic patients annually in the US4
  • Treating DFO patients infected with S. aureus, the most common pathogen, represents a potential commercial opportunity of > $2 billion worldwide4
  • Numerous compassionate cases provide justification for approach
  • Targeting S. aureus in a personalized approach
  • Phase 2 ongoing, readout expected in 1Q25

Financing and investors

  • Publicly traded (NYSE American: PHGE)
  • $15.9 million cash and cash equivalents as of December 31, 2023
  • On March 18, 2024, announced closing od the acquisition of APT and concurrent financing of $50 million led by Deerfield and AMR Action Fund and including Orbimed, CF Foundation and Nantahala Capital, among other investors

1.

See slide 35

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2.

In patients that had quantitative CFU levels at study baseline

3.

FEV1 or ppFEV1 - percent predicted forced expiratory volume, EOT - End of treatment, PRO - Patient reported outcome, reduced lung function - Predefined group with Baseline FEV1<70%

4.

See slides 30 and 36

Strong leadership and scientific team

Management

Jonathan Solomon - Chief Executive Officer, Director Former co-Founderand CEO Proclara

Merav Bassan, PhD - Chief Development Officer

20 years drug and clinical development; former at Teva

Assaf Oron - Chief Business Officer

Former EVP business development at Evogene

Avi Gabay, CPA - Chief Financial Officer (interim)

Former Oramed Pharmaceuticals, KPMG

Inbal Benjamini-Elran - Chief HR Officer

Former HR roles at Teva and Herzog Law

Michael Billard - General Manager US

Former roles APT and MedImmune

Board of Directors

Russell Greig, PhD Chairman of the Board

Former president of GSK Pharma International

Jesse Goodman, MD,MPH - Director

Former Chief Scientist of the FDA

Jonathan Leff - Director

Partner on the Biotherapeutics team, Deerfield

Greg Merril - Director

Former founding CEO of Immersion Medical

Alan Moses, MD - Director

Former Global Chief Medical Officer of Novo Nordisk

Jonathan Solomon - Chief Executive Officer, Director Former co-Founderand CEO Proclara

Eddie Williams - Director

Former special advisor to the CEO of Ascendis Pharma, Inc.

Scientific Team

Prof. Rotem Sorek

Carl R. Merril, MD, Capt Usphs (Ret)

Head of microbial genomics group at Weizmann Institute

NIH Emeritus Scientist

Phage genomics and CRISPR research

Internationally recognized expert in bacteriophage science

Prof. Eran Elinav

Prof. Eitan Kerem

Principal investigator at Weizmann Institute

Former Chairman of Pediatric Pulmonology Unit, Hadassah Medical Center

Immune system and intestinal microbiome interactions

World leader in CF care and research

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Pipeline

Phage Discovery

Preclinical

Phase I

Phase II

Phase III

Program Indication

BX004(1)

Cystic Fibrosis

Ph2b Topline Expected

Q3 2025

BX211

Diabetic Foot

Ph2 Topline Expected

Osteomyelitis

Q1 2025 and Q1 2026

Potential additional indications:

  • Prosthetic Joint Infections (PJI)
  • Non-CysticFibrosis Bronchiectasis (NCFB)
  • Nontuberculous mycobacteria (NTM)

1. Granted Orphan Drug Designation and Fast Track by the FDA

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Introduction To

PHAGE

Phage: Nature's precision tool to target bacteria

1. SPECIFIC

Each phage binds only to specific

bacterial strains

Kortright et al. (2019), Cell Host & Microbe

2. KILLING MECHANISM ORTHOGONAL TO ANTIBIOTICS

Lysin proteins burst bacterial cell wall from within

4. AMPLIFY

Phage components multiply and assemble within bacterial cell

3. BREAKDOWN BIOFILM

Phage can breakdown biofilm

(a polysaccharide mesh secreted by bacteria)

5. SAFETY PROFILE

100s of compassionate use cases with no significant side effects to date

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Key challenges in developing phage therapies

  • Host range - Narrow specificity to a subset of bacterial strains
  • Resistance - Bacterial defense systems (e.g. CRISPR)

CMC - Manufacturing (e.g. purity, stability)

And many other considerations

• Phage titer

  • Biofilm breakdown
  • Absence of toxic genes
  • Other

Phagoburn study The Lancet, inf..Dis.2019 Jan;19(1):35-45.doi:10.1016/S1473-3099(18)30482-1.

Nestle study: E.BioMedicine 2016 Jan 5;4:124-37. doi: 10.1016/j.ebiom.2015.12.023.

Patterson case: Antimicrob Agents Chemother 2017 Sep 22;61(10):e00954-17. doi: 10.1128/AAC.00954-17.

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Complementary approaches taken by BiomX for phage treatment

Fixed phage cocktail

Applicable where a 3-5 phage cocktail can:

  • Target a broad host range of various bacterial strains across patients
  • Address multiple resistance mechanisms that may develop

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2

3

Cocktail

GMP

Treatment

design

manufacturing

Personalized phage treatment

  • Enables rapid entry into clinical proof of concept, prior to fixed cocktail design
  • Could be applied to polymicrobial infections
  • Applicable in cases where bacterial diversity hinders fixed cocktail development

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Sampling

Susceptibility

Pharmacy-

Treatment

testing

based inventory

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Disclaimer

BiomX Inc. published this content on 03 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2024 16:02:06 UTC.