Steven. It's Alan with Open Exchange. Sorry about that delay. We're in the meeting room with those guys trying to decide who all was actually going to be there talking to you.
So you
know how we start these right with the slide and all that moving you around. I'm going to go ahead and send you in there now. Have a great day.
Sure. Terrific. Well, good afternoon. Good morning to those in the West Coast. Welcome to the next session of the Raymond James Human Health Innovation Conference.
I'm Steve Seedhouse. Really is a pleasure for me to welcome next participating company to this session, Nexon. And joining us and presenting on behalf of Nexon, of course, CEO, Doug Love. Very much looking forward to the presentation. Thanks so much being at the conference this year.
And with that, Doug, I'll cede the floor and the microphone to you.
Thank you so much, Steve. Real pleasure to be speaking with you this morning and thank all of you for joining us this morning as well. We're excited to share an update on Anexon Biosciences, a lot of good things going on around the company. I will fast forward through Slide 2, our forward looking statements, but invite you to review those on our website at your leisure. And turning to Slide 3, as many of you know, Nexon is on a mission to unlock the next generation of complement therapies to treat devastating autoimmune and neurodegenerative diseases driven by excess classical complement activity.
We're doing so by stopping C1q, the initiator of the classical pathway to block downstream tissue damage and inflammation in a host of diseases across the body, the brain and the eye. Importantly, we're leveraging a rigorous beachhead drug development strategy where we're utilizing established biomarkers to produce compelling data in our lead indications, while rapidly advancing into beachhead or mechanistically related indications. And our aim is playing and that is to build a leading complement company. And we're really focused on 4 key pillars in which to do so. First and foremost, we're focused on marrying a strong scientific position with focused execution across the board.
Indeed, since our successful IPO in 2020, we've initiated several Phase II trials with expected readouts over the next 2 years, and we look forward to talking more about that as we progress in this discussion. Secondly, we've retained worldwide rights to our portfolio of complement therapeutics, which we think is quite important in driving valuation scarcity as 1 of very few Phase II complement companies that is wholly owned. And it's a robust portfolio indeed. We have 3 diverse drug candidates targeting C1q in the classical complement pathway currently in the clinic, and we're advancing 2 next generation drug candidates to IND later this year, 1 of which is an oral small molecule approach, which has the potential to be the game winner in the autoimmune space over time. Thirdly, we have derisked this approach.
We've established proof of concept with ANX-five, our most advanced drug candidate and our most advanced autoimmune indication Guillain Barre syndrome. That dataset importantly showed full target engagement both in the periphery as well as in the CSF or across the blood brain barrier as well as meaningful impacts on clinical as well as biomarkers in the program. As a result, this data set is informing our advancement in a host of autoimmune and neurodegenerative diseases in a very informed derisked manner. Finally, all of this is being driven by a passionate proven team to translate the opportunity. We've been able to assemble a group of really strong drug developers and operators across the board who are playing with their hearts and mind to deliver on this opportunity to create value for patients in severe need as well as value for investors who have supported us on this journey.
In terms of the pipeline, it's vast and deep, as I alluded to, with multiple drug candidates in the clinic. Starting with ANX-five, this is a monoclonal antibody with IV infusion. There, we've completed a proof of concept study in Guillain Barre syndrome. And on the basis of that data, we've converted ANX-five in effect into a pipeline and a product, having moved forward into an additional proof of concept study with warm autoimmune hemolytic anemia and 2 chronic neurodegenerative studies, Huntington's disease and ALS. We'll talk a bit more about those.
Our second drug candidate is ANX-seven. This is an intravitreal infused intravitreal administered drug candidate, a Fab, for ophthalmic indications. We've also completed a Phase 1b placebo controlled study there in progressing glaucoma subjects, and we've embarked upon a Phase 2 study in geographic atrophy that is underway. Our 3rd clinical stage drug candidate is ANX-nine. This is a subcutaneous formulation for which we just recently completed a healthy volunteer study, and we look forward to advancing it into additional autoimmune indications.
Finally, I referred to our next generation drug candidates. There are 2 ANX-one hundred and 5, a monoclonal antibody with enhanced dosing properties that we are advancing towards the clinic later this year as well as ANX-fifteen oh 2, the small molecule oral program that I referred to, and we will update on later in the year. In terms of milestones, we have several as it relates to value creating opportunities through 2022. The first half of the year has been quite active from an execution perspective where we've completed 2 studies: 1, a drug drug interaction study in Guillain Barre syndrome, where we dosed ANX-five in combination with IVIg, the standard of care in GBS, although it's not approved here in the U. S, that data set demonstrated that the combined use of the therapies was safe and well tolerated as well as full target engagement as anticipated in the study.
We will be presenting that data set on Sunday, June 27, at the Peripheral Nervous Society Conference, where we actually have 2 podium presentations there. Secondly, second half the first half of this year, we completed our Phase 1 healthy volunteer study, the subcutaneous program in ANX-nine, which I alluded to. We will release that data set over the summer and also identify additional autoimmune indication or indications in which we will be progressing it. We anticipate data in that additional autoimmune indication in the back half of 20 22. As it relates to the second half of 20 21, our lead indications there are Huntington's disease and ALS.
Our Huntington's disease program, we're happy to report out, has been fully enrolled more than a quarter ahead of schedule. Both the Huntington's disease and ALS programs are biomarker studies, whereby our primary aim is to demonstrate TAR engagement across the blood brain barrier as well as meaningful reduction of neurofilament light chain. We're quite encouraged by the promise of these programs given that we were able to both engage the target fully across the blood brain barrier and statistically reduce NfL in our Guillain Barre proof of concept study, and we've also done so preclinically in the Huntington's disease program. So we look forward to unveiling this data later in the second half of the year. As it relates to warm autoimmune hemolytic anemia, we are on schedule to produce that data, if not a bit ahead of schedule in the 1st part of 2022.
That study has gotten underway and it really represents a precision medicine approach here at Inexon, whereby we are selectively screening and enrolling patients who demonstrate excess classical complement activity, a really important approach for the warm autoimmune hemolytic program as well as other autoimmune indications in which we are assessing. I refer to ANX-nine in the dataset that we anticipate in a to be named autoimmune indication also in the second half of the year. So finally, in 2023, we anticipate really very important data sets with a potential pivotal data set in the Guillain Barre syndrome in 2023 and our Phase 2 data with ANX-seven in geographic atrophy in 2023. So we have a nice set or cadre of clinical milestones coming down the pipe 2nd part of this year through the balance of 2023. Finally, I'll just say that as we advance our beachhead approach to developing our portfolio, our lead indications here on Slide 7 are in red.
With compelling data there, we anticipate swiftly moving into later stage studies in each of these indications, while advancing into mechanistically related indications across our 3 therapeutic areas: autoimmune, neurodegeneration of the brain and neurodegeneration of the eye or ophthalmology. We have data in many of these indications on this slide as well as many others. So we're excited about the promise for this platform both in the near term and for the longer term. So that brings us to the key question, why target C1q to treat complement mediated diseases? Well, the short answer is that C1q as the initiator of the classical complement pathway is a key driver of disease processes both in autoimmune and neurodegenerative indications.
Indeed, C1q directly binds to and accumulates on tissues in a range of the diseases in which we are pursuing. Some examples of this are here on the right where we see C1q binding to antibodies on the neuromuscular junction, a hotspot for GBS in green here. Similarly, C1q binds to striatal synapses, the deep region in the brain where Huntington's disease emulates in the 2nd panel. And finally, in geographic atrophy, C1q binds directly to photoreceptor receptors in the eye. So by being the initiator by C1q binding directly to the tissue, it anchors complement activation and drives the disease processes in each of these instances.
Only by blocking C1q can you block C1q and the downstream inflammation and tissue damaging aspects of the disease processes in which we are pursuing. This point is further pulled out on the next slide here where we show the classical complement cascade and C1q as the initiator of the cascade. As I alluded to, it triggers activation of the entire cascade, which amplifies as the cascade gets going. So by blocking C1Q, we are in effect blocking a moving train before it gets started, which is really quite important in the indications in which we are pursuing because upstream activity in the complement space involves immune cell recruitment and attack, that's both inflammation and tissue damage that can only be fully blocked by blocking C1q at the start of the pathway. Another advantage in targeting C1Q at the start of the pathways is that we are solely blocking through the classical pathway, allowing the lectin and alternative pathways remain intact.
We think this is important to allow their normal immune function for chronic dosing in many of the indications in which we are pursuing. And so we anticipate both a potentially more complete efficacy profile as well as an improved safety profile with this approach. Finally, last slide before moving to some of the clinical programs. We are indeed leveraging established biomarkers to enhance our probability of clinical success. We are using biomarkers to select indications and patient selection.
Important to our all of our indications is identifying indications in patient populations where there is excess classical complement activity. An example of this is shown here on the left in lupus nephritis, where we've characterized a group of patients who have excess classical complement activity and would be the target for our clinical programs. We're also using biomarkers to set the optimal dose in the dosing regimen. This includes identifying biomarkers that allow us to show inhibition in the periphery or in the blood. An example here in our GBS proof of concept study shows ANX-five in red.
As drug levels reach a certain threshold, activity of C1q is completely and rapidly shut down for a period of time until drug levels go back down and then CYQ activity rises back up. So ANX-five in effect is operating as an on off switch and shutting down COPLIT rapidly and completely. We have also assessed this approach in aqueous humor NDI as well as across the blood brain barrier in the CSF. So a very rigorous approach to setting dose and our dosing regimen. Finally, we're using biomarkers to assess our drug's impact on the disease processes themselves in our early clinical studies.
Here on the right is an example again in our GBS program, our proof of concept study, where we show a 30% reduction in neurofilament light chain, a key measurement of neuronal damage upon dosing with ANX-five. Again, we are using this approach in other programs such as warm autoimmune hemolytic anemia, Huntington's disease and the like. With that, I will turn towards the clinic and profile our lead indications with each of our drug candidates or at least ANX-five and ANX-seven. Here, I'll talk about Guillain Barre syndrome and Huntington's disease. Guillain Barre syndrome is an acute antibody mediated autoimmune disease, and it's really quite devastating.
In fact, it is the number 1 cause of neuromuscular paralysis in the world. It is caused by antibodies attacking the peripheral nerves that trigger complement activity and downstream inflammation and tissue damage. And our approach simply is to shut off complement activity rapidly and completely to provide complete protection or more complete protection for this patient population. A quick summary of our proof of concept data in GBS is we did provide rapid and complete target engagement both in the periphery and the CSF in the GBS patient population, which is important for both GBS as well as for other indications, such as in the neurodegenerative space. We had early and statistical decline of serum NfL, key marker of neurodegeneration, again, very important for GBS as well as neurodegenerative diseases such as Huntington's disease and ALS.
And although not powered for statistical significance, we were quite pleased to see that on all of the key GBS clinical measures, including MRC and GBS Disability Scale, really strong positive trends across the board, which has encouraged us to advance this program further. We have received fast track at orphan designation for this program as we continue to prosecute it. Slide 13 just highlights some of the data that we produced in the GBS program. On the left here is a panel showing full target engagement of C1q in the CSF, so across the blood brain barrier at the higher doses at 18 mgs per kg and higher. Importantly, those doses at 18 mgs per kg and higher translated to a statistical reduction of neurofilament light chain in the middle panel of roughly 30% by week 4, which we were quite encouraged by.
This had not been seen before in prior GBS studies. And so that, again, has given us reason to be excited about the opportunity here. And finally, on the right, as it relates to clinical measures, we saw roughly a third of the patients on the GBS disability scale show a whopping 3 point improvement on the scale. What that means in tangible form is that patients who have come into the hospital or the ICU who were fit bound or on ventilators after 8 weeks of dosing or after 8 weeks, we're able to walk unassisted or run with treatment on ANX-five versus 0 patients being able to do so in the placebo arm. So an early data set for us that has encouraged us to advance this program forward into a potential pivotal program, our Phase twothree GBS trial that is underway.
This is a willpower placebo controlled study of roughly 180 patients. The GBS disability scale is the primary endpoint, which we have confirmed with the FDA. And importantly, we are stratifying patients in this study based on their baseline muscle strength as well as from time from treatment onset to increase the likelihood of success in the study, and we anticipate data in 2023. Shifting to the other side of the house in our approach in neurodegenerative disorders, we're really encouraged by the role of C1q and the support for it as a major driver of synaptic loss neurodegeneration in a host of diseases. This approach was discovered by a Nexon Scientific cofounder, the late Ben Barish, the former Chair of Neurobiology at Stanford, who discovered the role of C1q in driving the removal of functioning synapses and ultimately neuronal death in a host of neurodegenerative diseases.
Since it's been discovery, a whole field has been spawned of research in this space. Some of the papers are depicted here on the right side of this slide that come out just over the last 3 or 4 years in a range of indications, including Huntington's disease, FTD, geographic atrophy and Alzheimer's. Each of these studies have been run-in separate labs with separate models and have shown the consistent result that C1q aberrant C1q activity drives the loss of functioning synapses and neurodegeneration. And by inhibiting C1q, 1 is able to protect functional synaptic activity and increasingly improvement on functional measures. A snapshot of some of that data here on Slide 16 shows in 3 different models.
The first on the left in a model of Alzheimer's, where A beta was induced in the model, we're able to demonstrate by inhibiting by administering our antibodies systemically, we were able to protect functioning synapses in the face of active abeta activity. In the middle, as we've pushed forward, we are now seeing improvement on function and survival in many of these different models. The middle here is in frontotemporal dementia, where administration of again or where inhibiting C1q in this model allowed the mice to prevent obsessive behavior in the animals in FTD, which is quite important. And then finally, on the right, by administering our antibody systemically, animals were able to gain motor function in a model of SMA. Again, 3 very distinct models run out of 3 different labs showing very consistent results that inhibiting C1q protects functioning synapses and results in functional benefit in the different neurodegenerative indications in which we have studied.
Digging a bit deeper into Huntington's disease, we're really quite excited by this opportunity. You are undoubtedly familiar with Huntington's disease, a progressive movement disorder, which involves dementia and psychosis. C1q is heavily localized on synapses and the patients in this population have high and sustained NfL levels as have been reported in literature and multiple studies in longitudinal studies. And our approach is simply targeting the loss of functioning synapses to protect neuronal health and against neurodegeneration. Some of the data that has us excited about this is on Slide 18.
The top row involves patient data and the bottom row involves animal data. And what we see here on the far left column is patients with Huntington's disease as they progress have increasingly higher levels of classical pathway activity. And beneath that, we show that by administering our antibody ANX-five, we're able to normalize complement activity in this population. In the middle panel, we also show in published papers that NFL increases with stage of progression of Huntington's disease. And just beneath that, we show that by administration of ANX-five, again, systemically, we're able to meaningfully reduce NfL in mouse models of Huntington's disease.
This is indeed the first known data set we are aware of, of any therapeutic intervention reducing NfL in a model. Finally, on the right, as patients progress with disease, they lose functioning synapse in Huntington's disease And by again administering our antibody ANS-five in a separate model, we are able to protect against the loss of functioning synapses. So we're encouraged by this overall data set, and these are indeed the types of measures that we will be reviewing we are reviewing in our Phase 2 study shown here on Slide 19. As I said, this study has completed enrollment. It involves a 6 month treatment duration and a 3 month off treatment follow-up.
The key measurements in this study are full target engagement in the across the blood brain barrier in the CSF as well as a meaningful reduction in FL light chain. And we anticipate having data in the second half of this year, which we are encouraged by. Finally, I'll turn to ANX-seven and our approach in geographic atrophy, where we're tackling blindness in retinal diseases. So in effect, neurodegeneration of the eye. And we quite like our differentiated approach.
Indeed, C1q by blocking C1q at the start of the pathway, we are blocking C1q's localized impact on the disease process throughout the eye. As depicted here, C1q and early complement components are deposited in multiple layers of the retina, including photoreceptor synapses shown in green on the left, photoreceptor sales here in the middle shown in red, that is C4, an activating component of the classical pathway. And then again, on the right, C1q shown here on drusen, key hotspot for geographic atrophy. And so C1q really serves as the potential initiator of the neurodegenerative disease process in geographic atrophy and our approach is to stop this activity right at the start. By doing so, we've been able to demonstrate in models of retina damage that C1q protects against photoreceptor cells.
We have an example of that here on the right in some of our preclinical data. And I've alluded to what I think is some of the potential efficacy advantages of doing so. We have the potential to provide more complete protection by blocking not only C3, but C4 and C1q ahead of C3, which has the potential to provide more complete protection against inflammation and nerve damage or tissue damage. We also like by selectively blocking C1q in the classical pathway, we are allowing the normal immune function of the lectin alternative pathways to remain intact, including the vascular function of C3A and C5A, which in the literature has been associated with higher rates of C and B. In terms of our drug candidate ANX-seven, as I noted previously, we studied it in a Phase Ib placebo controlled study in progressing glaucoma subjects, and we were quite pleased by the profile.
There, we took the extra step of pulling aqueous humor out of patients' eyes to ensure that we could have full target engagement in this patient population. And we were able to demonstrate that at both our low and high doses. So 2.5 mg and 5 mg, both out to a month. We did not fully increase humor beyond a month simply because the patients wouldn't allow it. But based on our preclinical data, coupled with the data that we have here, we're encouraged that at 5 mgs, we have the potential to dose this patient population every other month.
So with that data set, we have advanced into a Phase 2 study in geographic atrophy with 2 arms of dosing. We have 5 mg dosing once a month and 5 mg dosing every other month. This is a well powered study, randomized double masked of roughly 240 patients. The primary endpoint is fundus autofluorescence, an effective biomarker that we know quite a bit about and are encouraged by. And we are, of course, leveraging the experience from related complement trials in the enrichment and conduct of this study.
Enrollment is going quite well in this study, and we anticipate data in 2023 in this program. So I've covered a lot, and I'll bring this to a close. We're really encouraged and excited by the opportunity here at Nexon over the next 24 months. By stopping complement activity at the start of the cascade, we think we have a potential for an improved next generation complement approach with enhanced efficacy and safety benefits in indications in which we are pursuing. We have several data readouts ongoing over the next 12 months to 24 months, each of which are important in their own right and will also unlock opportunities in mechanistically related diseases.
And we have a team, as I alluded to at the outset, that is playing with our hearts and minds and a great deal of experience in translating this potential game changing opportunity in the complement space. With that, I will bring it to a close, Steve, and turn it back over to you. Thank you.
Thanks so much, Doug, for the great presentation. Really terrific to have you at the conference here and looking forward to following the progress going forward.
Thank you.