8-K
false000146336100014633612023-03-272023-03-27

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 27, 2023

 

 

UNITY BIOTECHNOLOGY, INC.

(Exact name of Registrant as Specified in Its Charter)

 

 

Delaware

001-38470

27-4726035

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

285 East Grand Ave.

 

South San Francisco, California

 

94080

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (650) 416-1192

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock, par value $0.0001 per share

 

UBX

 

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 


Item 8.01 Other Events.

On March 27, 2023, Unity Biotechnology, Inc. (“UNITY” or the “Company”) announced data from its Phase 2 ENVISION study of UBX1325 in patients with wet age-related macular degeneration (AMD). The Company will host a conference call today, Monday, March 27, 2023, at 8:00 a.m., Eastern Time, to discuss the data results.

 

A copy of the press release and the presentation that will be referenced during the conference call are filed as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press release titled “UNITY Biotechnology Announces Results from Phase 2 ENVISION Study of UBX1325 in Patients with Wet Age-Related Macular Degeneration,” dated March 27, 2023

 

 

 

99.2

 

Presentation of Unity Biotechnology, Inc. dated March 27, 2023

 

 

 

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

UNITY BIOTECHNOLOGY, INC.

 

 

 

 

Date:

March 27, 2023

By:

/s/ Anirvan Ghosh

 

 

 

Anirvan Ghosh, Ph.D.
Chief Executive Officer

 


EX-99

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Exhibit 99.1

 

UNITY Biotechnology Announces Results from Phase 2 ENVISION Study of UBX1325 in Patients with Wet Age-Related Macular Degeneration

 

UBX1325 monotherapy did not achieve non-inferiority through 24 weeks due, in part, to an unexpected 3.5 letter gain in the anti-VEGF control arm

 

UBX1325 maintained visual acuity in patients with ongoing active disease through 24 weeks with less than one letter mean decrease from baseline

 

52% of UBX1325-treated patients did not require anti-VEGF treatment through 24 weeks

 

Company to share 48-week BEHOLD DME data in April and intends to initiate Phase 2b study in DME in second half of 2023

 

UNITY to host investor call today, March 27, at 8:00 a.m. ET

 

SOUTH SAN FRANCISCO, Calif., March 27, 2023 – UNITY Biotechnology, Inc. (“UNITY”) [Nasdaq: UBX], a biotechnology company developing therapeutics to slow, halt, or reverse diseases of aging, today announced results from Part A of the Phase 2 ENVISION study of UBX1325 in patients with wet age-related macular degeneration (AMD) who were not achieving optimum benefit with their ongoing anti-VEGF therapy. UBX1325 treatment generally maintained visual acuity for 6 months (change of -0.8 ETDRS letters from baseline), with a majority of patients not requiring any anti-VEGF rescue. Patients in the every 8-week aflibercept arm had an early and unexpected gain of 3.5 letters at week 2 which was mostly maintained for the duration of the study. As a result of the strength on the control arm, the study did not meet the non-inferiority threshold compared to aflibercept through 24 weeks.

 

“Maintenance of visual acuity in hard-to-treat patients with active disease after withdrawal of their anti-VEGF therapy suggests that UBX1325 had an active treatment effect in wet AMD. We continue to be impressed with the durability of effect of UBX1325 in this patient population,” said Anirvan Ghosh, Ph.D., chief executive officer of UNITY. “Following a full analysis of ENVISION results, we will assess and optimize our resource allocation for future development of UBX1325. In the weeks ahead we will provide an update on Part B of the ENVISION study, and importantly, share 48-week data from the Phase 2 BEHOLD DME study. In DME, UBX1325 showed strong evidence of biologic activity and improvement in visual acuity – and, as a result, we plan to initiate a Phase 2b study in the second half of this year.”

 

The ENVISION study enrolled 51 patients with an average baseline visual acuity of 60.2 ETDRS letters who had ongoing active disease with a baseline CST of approximately 370 µm and had been on anti-VEGF treatment for at least 6 months. On average, patients received approximately 4 anti-VEGF injections in the 6 months prior to enrollment. At enrollment, all patients received a single run-in injection of aflibercept. Within 4-8 weeks following the run-in injection, patients were randomized to receive either (a) an injection of UBX1325 at week 0 and at week 4, or (b) an injection of aflibercept at week 0 and every 8 weeks thereafter, and followed for 24 weeks.

 

 

 

 

 

 


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Phase 2 ENVISION data through 24 weeks:

 

UBX1325 demonstrated a favorable safety and tolerability profile with no cases of intraocular inflammation, retinal artery occlusion, endophthalmitis, or vasculitis

 

Patients treated with UBX1325 had a mean change from baseline in BCVA of -0.8 ETDRS letters at 24 weeks compared to +3.1 ETDRS letters in the aflibercept control arm

 

Patients treated with UBX1325 had a mean change from baseline in CST of +87.3 µm at 24 weeks compared to +30.5 µm in the aflibercept control arm

 

52% of UBX1325-treated patients went at least 24 weeks without receiving anti-VEGF treatment; 92% of UBX1325-treated patients achieved a maximal anti-VEGF treatment-free interval of 12 weeks or longer

 

The ENVISION study did not meet the non-inferiority margin of -4.5 letters compared to aflibercept with an 85% confidence interval.

 

“Despite anti-VEGF therapies remaining the standard of care for neovascular AMD for the past two decades, there is an unmet need for treatments with new mechanisms of action to optimize vision outcomes and reduce the treatment burden associated with frequent injections,” said Arshad M. Khanani, MD, MA, FASRS, Director of Clinical Research, Sierra Eye Associates. “The ENVISION study results show that treatment with UBX1325 in nAMD patients with active disease maintained visual acuity with reduced injection burden over six months. The data from the ENVISION AMD and BEHOLD DME studies suggest that UBX1325, with its novel mechanism of action, could lead to a potential treatment option for patients.”

 

Jamie Dananberg, M.D., chief medical officer of UNITY, added: “Whereas today’s results from the ENVISION study and our Phase 2 BEHOLD study both show encouraging signs of biological activity of UBX1325, the relatively stronger efficacy we observed in DME may be related to the distinct underlying pathophysiologies of the two diseases. We look forward to sharing 48-week data in our BEHOLD DME study in the coming weeks.”

 

Conference Call at 8:00 a.m. ET Today

UNITY will host a video conference call and webcast for investors and analysts today at 8:00 a.m. ET to discuss the most recent UBX1325 clinical data. Members of the UNITY senior management team will lead the discussion on the 24-week ENVISION study results. The live webcast can be accessed in the “Investors and Media” section of our website, www.unitybiotechnology.com, under “Events & Presentations” or by clicking here. A replay will be available two hours after the completion of the call and can be accessed in the “Investors & Media” section of our website, under “Events and Presentations.”

 

About the ENVISION Study

The proof-of-concept Phase 2 ENVISION study is a multi-center, randomized, double-masked, active-controlled study designed to evaluate the safety, tolerability, efficacy and durability of a repeat intravitreal injection of UBX1325 in patients with neovascular AMD evaluated though 24 weeks. The study enrolled 51 patients being actively treated with anti-VEGF who had a visual acuity deficit (73 ETDRS letters,

 

 

 

 

 


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approximately 20/40, or worse) and residual retinal fluid (CST ≥300 microns). Patients were randomized into two groups to receive either two 10 mcg doses of UBX1325 at a week 0 and at week 4 or aflibercept 2 mg every 8 weeks. Patients have the option of continuing in the long-term extension (Part B) portion of the study through 48-weeks. To date, a majority of patients have opted to remain in the study. More information about the study is available here (NCT05275205).

 

About the BEHOLD Study

The proof-of-concept Phase 2 BEHOLD study is a multi-center, randomized, double-masked, sham-controlled study designed to evaluate the safety, tolerability, efficacy and durability of a single 10 mcg dose of UBX1325 in patients with DME evaluated though 24 weeks. The study enrolled 65 patients being actively treated with anti-VEGF who had a visual acuity deficit (73 ETDRS letters, approximately 20/40, or worse) and residual retinal fluid (CST ≥300 microns). Patients have the option of continuing in the long-term extension portion of the study through 48-weeks. To date, a majority of patients have opted to remain in the study. More information about the study is available here (NCT04857996).

 

About UBX1325

UBX1325 is an investigational compound being studied for age-related diseases of the eye, including diabetic macular edema (DME), age-related macular degeneration (AMD), and diabetic retinopathy (DR) that is not approved for any use in any country. UBX1325 is a potent small molecule inhibitor of Bcl-xL, a member of the Bcl-2 family of apoptosis regulating proteins. UBX1325 is designed to inhibit the function of proteins that senescent cells rely on for survival. In the 24-week data of the Phase 2 BEHOLD study in patients with DME, a single injection of UBX1325 led to a statistically significant and clinically meaningful improvement in mean Best Corrected Visual Acuity (BCVA) at 24 weeks compared to sham treatment. In a Phase 1 clinical study in advanced wet AMD and DME, UBX1325 showed a favorable safety profile and improvements in visual acuity sustained through 24 weeks following a single intravitreal injection. In preclinical studies, UNITY has demonstrated that targeting Bcl-xL with UBX1325 preferentially eliminated senescent cells from diseased tissue while sparing cells in healthy tissue. UNITY’s goal with UBX1325 is to transformationally improve real-world outcomes for patients with DME, AMD, and DR.

 

About UNITY

UNITY is developing a new class of therapeutics to slow, halt, or reverse diseases of aging. UNITY’s current focus is on creating medicines to selectively eliminate or modulate senescent cells and thereby provide transformative benefit in age-related ophthalmologic and neurologic diseases. More information is available at www.unitybiotechnology.com or follow us on Twitter and LinkedIn.

 

Forward-Looking Statements

This press release contains forward-looking statements including statements related to UNITY’s understanding of cellular senescence and the role it plays in diseases of aging, the potential for UNITY to develop therapeutics to slow, halt, or reverse diseases of aging, including for ophthalmologic and neurologic diseases, UNITY’s expectations regarding potential benefits, activity, effectiveness, and safety of UBX1325, the potential for UNITY to successfully commence and complete clinical studies of UBX1325 for DME, AMD, and other ophthalmologic diseases, the expected timing of the results of the clinical trials in UBX1325, and UNITY’s expectations regarding the sufficiency of its cash runway. These statements involve substantial known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements, including the risk that the COVID-19 worldwide pandemic may continue to negatively impact the development of preclinical and clinical drug

 

 

 

 

 


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candidates, including delaying or disrupting the enrollment of patients in clinical trials, risks relating to the uncertainties inherent in the drug development process, and risks relating to UNITY’s understanding of senescence biology. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. The forward-looking statements in this press release represent our views as of the date of this release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this release. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of UNITY in general, see UNITY’s most recent Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission on March 15, 2023, as well as other documents that may be filed by UNITY from time to time with the Securities and Exchange Commission.

 

Media Contact
Evoke Canale
Katherine Smith
Katherine.Smith@evokegroup.com 

 

Investor Contact
LifeSci Advisors, LLC
Joyce Allaire
jallaire@lifesciadvisors.com 

 

 

 

 

 


Slide 1

Arshad M. Khanani MD, MA, FASRS Director of Clinical Research at Sierra Eye Associates Anirvan Ghosh, CEO Jamie Dananberg, CMO Lynne Sullivan, CFO UBX1325 Phase 2 ENVISION nAMD Study 24 Week Data Exhibit 99.2


Slide 2

Special Note Regarding Forward-Looking Statements This presentation and the accompanying oral commentary contain forward-looking statements including statements related to Unity Biotechnology Inc.’s (“UNITY’s”) understanding of cellular senescence and the role it plays in diseases of aging, the potential for UNITY to develop therapeutics to slow, halt, or reverse diseases of aging, including for ophthalmologic and neurologic diseases, the potential for UNITY to successfully commence and complete clinical studies of UBX1325 for DME, AMD, and other ophthalmologic diseases, the expected timing of enrollment and results of the clinical trials in UBX1325, and UNITY’s expectations regarding the sufficiency of its cash runway. These statements involve substantial known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements, including the risk that the COVID-19 worldwide pandemic may continue to negatively impact the development of preclinical and clinical drug candidates, including delaying or disrupting the enrollment of patients in clinical trials, risks relating to the uncertainties inherent in the drug development process, including the risk that interim results of our clinical studies may not be indicative of future results, and risks relating to UNITY’s understanding of senescence biology. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements we make. The forward-looking statements in this presentation represent our views as of the date of this release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this release. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of UNITY in general, see UNITY’s most recent Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission on March 15, 2023, as well as other documents that may be filed by UNITY from time to time with the Securities and Exchange Commission. This presentation concerns drug candidates that are under clinical investigation which have not yet been approved for marketing by the U.S. Food and Drug Administration. They are currently limited by Federal law to investigational use, and no representation is made as to their safety or effectiveness for the purposes for which they are being investigated. This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes.


Slide 3

UBX1325 Phase 2 ENVISION Study in Patients with Neovascular AMD Additional Insights from Secondary Analysis UBX1325 monotherapy did not achieve non-inferiority through 24 weeks due, in part, to an unexpected 3.5 letter gain in the anti-VEGF control arm UBX1325 maintained visual acuity in patients with ongoing active disease through 24 weeks with less than one letter mean decrease from baseline   52% of UBX1325-treated patients did not require anti-VEGF treatment through 24 weeks   UBX1325 was well tolerated with no instances of intraocular inflammation   A single dose of run-in aflibercept may not have been sufficient to get patients entering study to anti-VEGF BCVA plateau UBX1325 may be more effective in patients with longer disease duration who may have greater senescence burden Phase 2 ENVISION Part A Study Data Highlights


Slide 4

Disease Pathophysiology UBX1325 Rationale and Mechanism of Action Clinical Development Plan


Slide 5

Senescent cells are Associated with Disease Pathology in AMD p16-positive senescent cells in 86y/o AMD posterior retina and choroid Drusen Astrocytes in nerve fiber layer RPE p16 p16 Bruch’s Membrane


Slide 6

There is a Higher Burden of Senescent Cells in Advanced Disease Percentage p16+ cells in human ocular normal (n=28), AMD (n=43) and DR/DME (n=25) samples. Each point represents a single whole globe. % of p16+ cells Disruption of Bruch’s Membrane p16+ Macular region of patient with wAMD 92-year old male


Slide 7

UNITY Is Developing Senolytic Medicines to Eliminate Senescent Cells to Restore Vascular Health and Improve Vision nAMD: Increased senescence burden Choroidal vasculature affected Neovascularization and vascular leakage Loss of vision nAMD treated with Senolytic intended results: Senescent cells removed Choroidal vasculature and outer retina restored Improvement in vision Neovascularization & fluid extravasation Repaired Retina UNITY illustration. Neovascular Age-related Macular Degeneration


Slide 8

UBX1325 Clinical Program Overview Safety & Tolerability Safety & Efficacy 2020 2021 2022 2023 Phase 1 ENVISION: Phase 2 nAMD Study BEHOLD: Phase 2 DME Study Positive 24-week data previously reported SAD 24-Week Follow-up nAMD 24 Week Follow-up SAD Study - up to 10 µg 4Q ‘21 1H ‘22 2H ‘22 Long-Term Extension DME Proof of Concept Study (First-Patient-In June 2021) Part B nAMD Proof of Concept Study (FPI April 2022) Part A 12wk, 24wk nAMD cohort data 12/18 wk efficacy data 24 wk efficacy data 24wk SAD data 24 wk efficacy data 48 wk efficacy data 48 wk efficacy data 1H ‘23 2H ‘23


Slide 9

Clinical Context: Response of nAMD Patients to anti-VEGF Treatment


Slide 10

Context for AMD Data: Majority of Anti-VEGF BCVA Benefit is in First Six Months After Which Gains Are Limited To ~One or Fewer Letters Aflibercept AMD BLA 125387 Orig-1, 11 Nov 2011 Heier, J. S., et al and the VIEW 1 and VIEW 2 Study Groups (2012). Ophthalmology, 119(12), 2537–2548.


Slide 11

UBX1325 Phase 2 ENVISION Study 24-Week Data in Patients With nAMD 11


Slide 12

Aflibercept Run-in Active Control Visits ENVISION: nAMD Phase 2 Study Design 24 wk. Safety & Efficacy Data Aflibercept Screening = Aflibercept injection = UBX1325 injection 48 wk. Safety & Efficacy Data Extension Visits Visit/Week -8 to -4 0 2 4 8 12 16 20 24 28 32 36 40 44 48 Sham injections of UBX1325 and aflibercept (not shown) are used across arms to ensure masking Part A Part B UBX1325 10 µg IVT – A1 Repeat UBX1325 Cycle – B1 Aflibercept 2mg IVT every 8 weeks – A2 Aflibercept + UBX1325 Combination – B2 Part A: Non-inferiority to Aflibercept as monotherapy Part B: Benefit of combination with anti—VEGF compared to Aflibercept alone


Slide 13

Week -16 to -8 -8 to -4 0 2 4 8 12 16 20 24 Aflibercept Run-in Follow Up Visits ENVISION: nAMD Phase 2 Proof-of-Concept Study Design – Part A Source: UBX1325-03 protocol; t_14_1_2 Safety and tolerability BCVA change from baseline CST change from baseline Non-inferiority vs aflibercept (BCVA and CST) Durability of response Sub- and intra-retinal fluid Changes in perfusion (FA and OCTA) Changes in photoreceptor function (mfERG) Endpoints Population (actual enrolled 51) patients with AMD who had: At least 2 anti-VEGF IVTs in the preceding 6-month period (actual ~4) BCVA 70 – 20 ETDRS letters (actual mean: ~60) Active CNV with sub- and/or intra-retinal fluid (actual CST mean: ~370 µm) = Aflibercept injection = Sham injection or = UBX1325 injection Screening UBX1325 10 µg IVT x 2 with 4-week interval Aflibercept 2mg IVT every 8 weeks 24 wk. Safety & Efficacy Data Aflibercept ≥6 mo aVEGF Treatment Last pre-study aVEGF Treatment


Slide 14

ENVISION: Demographics at baseline Source: t_14_1_2 Aflibercept UBX1325 Baseline BCVA (ETDRS Letters)     n 25 25 Mean 62.4 58.0 SD 9.46 13.47 Median 64.0 60.0 Min, Max 36.0, 77.0 25.0, 79.0   Baseline CST (µm)     n 25 25 Mean 367.5 370.8 SD 151.75 108.85 Median 284.0 374.0 Min, Max 198.0, 683.0 206.0, 665.0   Duration of neovascular AMD (Years)     n 25 25 Mean 3.9 3.8 SD 2.04 3.40 Median 3.3 2.4 Min, Max 1.1, 9.1 0.4, 14.6


Slide 15

Summary of Treatment Emergent Adverse Events Source: t_14_3_1_4 * Unrelated to treatment Aflibercept 2mg Total 25 n (%) UBX1325 10µg Total 25 n (%) Subjects with at least one TEAE 19 (76.0) 20 (80.0) Grade ≥3 TEAE 1 (4.0) 2 (8.0) Serious TEAE  0 2 (8.0) Ocular TEAE for Study Eye 14 (56.0) 15 (60.0) Treatment-related Ocular TEAE for Study Eye 3 (12.0) 1 (4.0) TEAE leading to death 0 1 (4.0)* Intraocular inflammation, endophthalmitis, retinal artery occlusion, or vasculitis 0 0


Slide 16

Change from baseline in BCVA excluding post-rescue data UBX1325 Patients Maintained BCVA Through 24 Weeks; non-inferiority not met Source: f_14_2_1_1_a; t_14_2_1_1 3.1 ETDRS letters -0.8 ETDRS letters Average CFBL Weeks 16 – 24 ETDRS letters (85% CI) Aflibercept 2.9 (0.7 – 5.1) UBX1325 -1.1 (-3.6 – 1.4) UBX1325 dosed at 0 and 4 weeks Aflibercept dosed at 0, 8, and 16 weeks


Slide 17

Change from baseline in BCVA including post-rescue data UBX1325 patients maintained BCVA through 24 Weeks Source: f_14_2_1_2_a; t_14_2_1_2 Average CFBL Weeks 16 – 24 ETDRS letters (85% CI) Aflibercept 2.5 (0.5 – 4.5) UBX1325 -1.4 (-3.4 – 0.7) 2.3 ETDRS letters -1.1 ETDRS letters UBX1325 dosed at 0 and 4 weeks Aflibercept dosed at 0, 8, and 16 weeks


Slide 18

Change from baseline in CST excluding post-rescue data Delayed impact on CST is consistent with potential time-course for senolytic mechanism to exert effect Source: f_14_2_1_3 Average CFBL Weeks 16 – 24 µm (85% CI) Aflibercept 11.3 (-4.9 – 27.4) UBX1325 84.0 (65.8 – 102.3) 87.3 µm 30.5 µm UBX1325 dosed at 0 and 4 weeks Aflibercept dosed at 0, 8, and 16 weeks


Slide 19

Change from baseline in CST including post-rescue data Anti-VEGF rescue appears to improve CST in UBX1325-treated patients Source: f_14_2_1_4 Average CFBL Weeks 16 – 24 µm (85% CI) Aflibercept 10.5 (-7.0 – 28.1) UBX1325 49.4 (31.4 – 67.3) 60.9 µm 29.3 µm UBX1325 dosed at 0 and 4 weeks Aflibercept dosed at 0, 8, and 16 weeks


Slide 20

Impact of AMD diagnosis duration on BCVA response excluding post-rescue data Patients with AMD diagnosis over two years may show stronger treatment effect with UBX1325* Source: f_14_2_3_17 UBX1325 dosed at 0 and 4 weeks Aflibercept dosed at 0, 8, and 16 weeks * Post hoc analysis expanding on a priori hypothesis


Slide 21

BCVA change in patients with wAMD diagnosis >2 years excluding post-rescue data is similar between UBX1325 and aflibercept-treated patients* Source: f_14_2_3_17; t_14_2_3_17 Average CFBL Weeks 16 – 24 ETDRS letters (85% CI) Aflibercept 1.9 (-0.2 – 4.0) UBX1325 1.6 (-1.3 – 4.4) UBX1325 dosed at 0 and 4 weeks Aflibercept dosed at 0, 8, and 16 weeks * Post hoc analysis expanding on a priori hypothesis


Slide 22

ENVISION: Durability of effect of UBX1325 Majority of patients went 24 weeks without requiring anti-VEGF treatments Source: f_14_2_4_1; f_14_2_4_4_all_aflib_swimmer Maximal aVEGF-Free Interval # of aVEGF Treatments over 24 Weeks Treatment Criteria (either): Loss of 10 letters from any highest value (peak) Gain of 75 µm CST from any lowest value (trough


Slide 23

Patients in ENVISION were high-need patients with active disease requiring anti-VEGF treatment approximately every 6 weeks Source: f_prior_avegf; f_correlation_tranch1_tables Avg prior aVEGF use from -190d: 4.0 CST 370.8 µm Avg prior aVEGF use from -190d: 4.5 CST 367.5


Slide 24

In UBX1325-treated patients 52% went without requiring anti-VEGF Source: f_prior_avegf; f_correlation_tranch1_tables


Slide 25

Summary of UBX1325 ENVISION Phase 2 Study in nAMD Was generally well tolerated with no intraocular inflammation Maintained visual acuity through 24 weeks in patients with active disease; there was a 3.5 letter gain in aflibercept arm at 2 weeks and non-inferiority to aflibercept was not met May have greater treatment effect in patients with AMD diagnosis greater than two years based on post-hoc assessments Allowed 52% of patients to avoid anti-VEGF treatment for at least 6 months @Vicki Can we make the this slide a little more punchy/less flat? UBX1325 In the ENVISION Study, UBX1325: Part B of ENVISION study is exploring the potential benefit of UBX1325 in combination with anti-VEGF


Slide 26

Summary and Development Plans for UBX1325 Additional Insights from Secondary Analysis UBX1325 monotherapy did not achieve non-inferiority through 24 weeks due, in part, to an unexpected 3.5 letter gain in the anti-VEGF control arm UBX1325 maintained visual acuity in patients with ongoing active disease through 24 weeks with less than one letter mean decrease from baseline   52% of UBX1325-treated patients did not require anti-VEGF treatment through 24 weeks   UBX1325 was well tolerated with no instances of intraocular inflammation   A single dose of run-in aflibercept may not have been sufficient to get patients entering study to anti-VEGF BCVA plateau UBX1325 may be more effective in patients with longer disease duration who may have greater senescence burden Phase 2 ENVISION Part A Study Data Highlights Company to share 48-week BEHOLD DME data in April and intends to initiate Phase 2b study in DME in second half of 2023


Slide 27

Q&A 27