ImmunicIMUX
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Immunic 3rd Annual Guggenheim Healthcare Innovation Conference

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PeriodFY 0Duration27 minParticipants3

Transcript

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Yatin SunejaAnalyst

All right. Good afternoon, everyone. Welcome to Guggenheim's third annual Healthcare Innovation Conference. My name is Yatin Suneja, one of the biotech analysts here at the firm. It is my pleasure to introduce our next presenting company, Immunic. From the company, we have two executives here. We have Erik Lundgren, who is the Chief Executive Officer, and then we have Jason Tardio, who is the President and Chief Operating Officer. Erik, I am going to pass it on to you, maybe perhaps make some opening comments, tell us about what we should be focused on in the next, let's say, few months or so.

Yatin SunejaAnalyst

Yeah. Then we will go into some of the Q&A that I have prepared for you.

Erik LundgrenCEO

Yeah, for sure. Thanks for having us, first of all. I think it is a really exciting time for us. We have two pivotal trials reading out in December, so we are right around the corner, right on the threshold of that data. These are two studies called ENSURE-1 and ENSURE-2, and they would, if they are positive, result in an NDA filing and approval in relapsing multiple sclerosis. So, I would say our priorities really are preparing for that readout, building the commercial launch apparatus and infrastructure to support it. Then we just announced last week, progressive MS study, a third pivotal trial in progressive MS called the ProTEct-MS study, that we are initiating right now, expecting the first patient in the first half of next year.

Yatin SunejaAnalyst

Got it. Maybe first question is on the corporate side and the commercial side. So you just joined recently, right, Erik? Then you have new CMO, there is a board chair. Jason, you have been here for a while. So, maybe just talk about how are you building from a corporate standpoint? How should we think about the commercial angle? Because if the data are positive, you could be filing NDA and you could be pretty close to commercial relatively soon. So, talk about those two components.

Erik LundgrenCEO

Yeah. I mean, I think I joined in June. I joined following 19 years at Genentech Roche. The reason I'm probably here is I was a part of launching ocrelizumab, which is the most prescribed MS medicine in the world today, and it was quite an experience to transform the MS market with the introduction of anti-CD20s. That was a decade ago, though, and I think I came because the unmet needs today are extremely clear in MS. They're as clear today as they were then, and I think the market is ripe for disruption again, and that's where I think this is allowing us to sort of lean in. As you said, I mean, I'm not the only new person. Our board, not only our board chair, multiple board members have turned over.

Erik LundgrenCEO

We've had the ability to bring in a bunch of executive and team level talents, which is really a reflection of this pivot from a development stage to a pre-commercial stage company. I'd say that's and then with the board changes, the remit strategically has also become crisper, which is about, this is an MS company focused on commercializing our lead asset.

Erik LundgrenCEO

Yeah. That's where we are.

Yatin SunejaAnalyst

Jason, how about you? Yeah.

Jason TardioPresident and COO

From a commercial perspective, we're actively preparing. Once we have successful data in December, it will be an accelerated effort to scale and ramp the company. We're not waiting for that. We've put a lot of work in place to validate our initial strategic assumptions around go-to-market strategy. We've begun to hire key leadership roles on the commercial side of the business, a VP of marketing. Today, we just had a new vice president of patient advocacy start at the company. We've built out the medical affairs organization and begun to deploy a series of medical science liaisons that are out there educating the market. We're doing a lot of work now, and of course, if we have successful data in December, we'll accelerate those efforts.

Yatin SunejaAnalyst

Got it. Very good. Very helpful. Let's just talk about the product or vidofludimus. What is the mechanism? Sure.

Yatin SunejaAnalyst

I think one part of the mechanism, I think investors and even the physician community know, but it's the neuroprotective side of it, which is the Nurr1 activation.

Yatin SunejaAnalyst

Yeah. It's not very well known.

Yatin SunejaAnalyst

What do you get a sense, like how familiar are KOLs with this mechanism?

Erik LundgrenCEO

KOLs are quite excited about the Nurr1 activation side of our story. To sort of back up, though, vidofludimus calcium is a once-daily oral tablet, and it really has two underlying mechanisms, as you said, Yatin. There is DHODH inhibition, which is a proven pathway in relapsing MS, more on the neuroinflammatory side. But there is really nothing approved today that is neuroprotective.

Erik LundgrenCEO

Yeah. That is where Nurr1 comes in.

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