8-K

 

 

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): January 7, 2019

 

 

INTREXON CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

 

 

Virginia    001-36042    26-0084895

(State or Other Jurisdiction

of Incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

20374 Seneca Meadows Parkway, Germantown, Maryland 20876

(Address of Principal Executive Offices) (Zip Code)

(301) 556-9900

(Registrant’s Telephone Number, including area code)

N/A

(Former Name or Former Address, if change 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 (see General Instruction A.2. below):

 

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))

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

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 7.01

Regulation FD Disclosure.

On January 7, 2019, Precigen, Inc., a wholly-owned subsidiary of Intrexon Corporation, will deliver the presentation attached to this current report as Exhibit 99.1 at the 2019 J.P. Morgan Healthcare Conference. The slides to be used during the presentation are furnished herewith as Exhibit 99.1 and are incorporated by reference into Item 7.01 of this Current Report on Form 8-K.

As provided in General Instruction B.2 of Form 8-K, the information in this Item 7.01 and the exhibit furnished hereunder will not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor will they be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as will be expressly set forth by specific reference in such a filing.

 

Item 9.01

Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit No.

  

Description

99.1    Presentation of Precigen, Inc. dated January 7, 2019


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.

 

    Intrexon Corporation
Dated: January 7, 2019    
    By:  

/s/ Donald P. Lehr

      Donald P. Lehr
      Chief Legal Officer
EX-99.1

Exhibit 99.1

 

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Precigen Company Update Helen Sabzevari, PhD President, Precigen 7 January 2019


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Forward-looking statements Precigen, Inc. is a subsidiary of Intrexon Corporation (Nasdaq: XON). Some of the statements made in this presentation are forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon Intrexon’s and Precigen’s current expectations and projections about future events and generally relate to plans, objectives and expectations for the development of Precigen’s business, including the timing and progress of preclinical and clinical trials and discovery programs and Precigen’s planned manufacturing facility. Although management believes that the plans and objectives reflected in or suggested by these forward-looking statements are reasonable, all forward-looking statements involve risks and uncertainties and actual future results may be materially different from the plans, objectives and expectations expressed in this presentation. These risks and uncertainties include, but are not limited to, (i) Precigen’s strategy and overall approach to its business model, including its ability to successfully enter into optimal strategic relationships with its subsidiaries and operating companies that Intrexon may form in the future; (ii) the ability to successfully enter new markets or develop additional products, whether with its collaborators or independently; (iii) actual or anticipated variations in operating results; (iv) actual or anticipated fluctuations in competitors’ or collaborators’ operating results or changes in their respective growth rates; (v) cash position; (vi) market conditions in Intrexon’s and Precigen’s industry; (vii) the volatility of Intrexon’s stock price; (viii) the ability, and the ability of collaborators, to protect intellectual property and other proprietary rights and technologies; (ix) the ability, and the ability of collaborators, to adapt to changes in laws or regulations and policies; (x) the outcomes of pending or future litigation; (xi) the rate and degree of market acceptance of any products developed; (xii) the ability to retain and recruit key personnel; (xiii) expectations related to the use of proceeds from financing efforts; and (xiv) estimates regarding expenses, future revenue, capital requirements and needs for additional financing. For a discussion of other risks and uncertainties, and other important factors, any of which could cause actual results to differ from those contained in the forward-looking statements, see the section entitled “Risk Factors” in Intrexon’s Annual Report on Form 10-K, as well as discussions of potential risks, uncertainties, and other important factors in Intrexon’s subsequent filings with the Securities and Exchange Commission. All information in this presentation is as of the date its cover page, and Intrexon undertakes no duty to update this information unless required by law. © 2019 Precigen, Inc. All rights reserved. 2


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Today’s agenda o Company overview o Technology platforms o Therapeutic platform: UltraCAR-TTM o Preclinical and clinical portfolio o Therapeutic areas o Immuno-oncology o Infectious diseases o Autoimmune disorders o Summary o Q&A 3


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Company overview o Company highlights o Precigen’s evolution o State-of-the-art infrastructure


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Company highlights – Precigen is a clinical stage company with a growing portfolio of first-in-class therapies Precigen is a biopharmaceutical company advancing the next generation of gene and cellular therapies using precision technology to target immuno-oncology, autoimmune disorders, and infectious diseases Diverse IP portfolio First-in-class therapies Operational readiness Seasoned leadership • Construct: UltraVector®; • Three first-in-class products Experienced • Established R&D and • mbIL15 rapidly progressing towards management team to development infrastructure clinic drive discovery and • Deliver: Sleeping Beauty State-of-the-art facilities • development system; AttSite™• PRGN-3006 UltraCAR-T™ recombinases; for AML, MDS-IND cleared • 95+ clinicians, scientists and AdenoVerse™ Dec ‘18 operational employees as of Dec ‘18 • Control: RheoSwitch®; Kill • PRGN-3005 UltraCAR-T™ switches; tissue specific for solid tumors promoters • PRGN-2009 AdenoVerse™ vaccine for solid tumors 5


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Since our founding, Precigen has been evolving – setting the stage for rapid advancement of clinical programs Transition from ECC to Ziopharm agreement in-house model Merck KGaA agreement Focus on three core Oncology/Immuno-oncology therapeutic areas Autoimmune Disorders Infectious Diseases Build discovery and World class R&D facility development engine All R&D functions in-house External PIs Build world-class bench Internal clinicians and scientists 6


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Precigen infrastructure includes state-of-the-art facilities, growing manufacturing capabilities and in-house R&D functions Infrastructure State-of-the-art R&D facility in Germantown, MD Building GMP manufacturing facility. Inauguration in 2019 All R&D functions established in-house Research Vivarium CMC Regulatory Clinical operations Program Management 7


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Technology platforms o Technology platform advantages: CONSTRUCT, DELIVER, and CONTROL o UltraVector ® o Sleeping Beauty system and AttSiteTM recombinases o AdenoVerseTM o RheoSwitch ® o Kill switches and tissue specific promoters


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Precigen’s technology platforms CONSTRUCT powerful gene UltraVector® mbIL15 programs to drive efficacy DELIVER Sleeping Beauty AttSiteTM gene programs via viral AdenoVerseTM and non-viral based system recombinases approaches to drive lower costs CONTROL Tissue specific gene expression and RheoSwitch® Kill switches regulation to drives safety promoters 9


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UltraVector® enables construction of powerful gene programs UltraVector® enabled matrices facilitate rapid Significant improvement in identification of components and configurations for gene expression optimal expression of multiple genes Optimized 250 gene expression CONSTRUCT PF P 5 ORF(s) 3 PF 200 Units 150 Relative 100 50 0 wt mature protein wt 3’ REG CONTROL mock wt signal peptide wt 5’ REG controls optimization constructs Industrialized assembly and screening of multigenic vectors DELIVER Optimized expression of multiple effector genes for precision medicine Viral and non-viral (DNA, RNA and proteins) 10


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Sleeping Beauty system is the most clinically advanced non-viral delivery method for stable gene expression Non-viral Sleeping Beauty system offers a promising High efficiency of gene transfer alternative to expensive viral vectors for cell therapy CONSTRUCT(%) Expression Transposase Transgene(s) Transposon DELIVER Transposon CAR only UltraCAR-T Multigenic -viral gene delivery platform Random integration with no insertion bias towards potentially dangerous loci CONTROL Continuous improvements to Sleeping Beauty system using UltraVector® platform for optimized multigene delivery 11


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AttSite™ recombinases enable non-viral delivery for stable gene expression for variety of cell types AttSite™ recombinases unidirectionally target genes to AttSite™ recombinases facilitate integration at low CONSTRUCT predictable pseudosites in a host cell genome copy number into a finite number of pseudo AttSites AttSite Recombinase Random DELIVER Integrants Precigen’s next generation non-viral gene delivery platform Large payload capacity CONTROL Highly site specific integration at finite number of sites in a genome 12


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AdenoVerse™ platform provides superior performance characteristics over Ad5 and other rare human and non-human primate adenovirus A library of adenoviral vectors with diverse and unique Durable neutralizing antibody response CONSTRUCT DELIVER Large payload capacity Robust antigen specific T cell response • Multigenic expression • Control of gene expression Superior performance of Gorilla adenovectors • Low to no seroprevalence in the human population • Ability for repeat administration CONTROL High-level and durable antigen-specific immune responses 13


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Control of gene expression in vivo with RheoSwitch® CONSTRUCT Switch OFF Switch ON (+activator ligand) RheoSwitch® contolled cytokine expression DELIVER by UltraCAR-T cells • Turn in vivo using • Highly controllable, oral ligand dose dependent gene expression CONTROL • Clinically evaluated with excellent safety profile -2 -1 012 Log [Veledimex] (nM) 14


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Kill switches and tissue specific promoters improve safety profile Kill switches Tissue specific promoters CONSTRUCT 1 0 0 7 5 y t i c i x o t o 5 0 t y C % 2 5 0 Kill Switch Activator N e g a t i v e C o n t r o l tional local expression of effector genes 15


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Therapeutic platform: UltraCAR-T™


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UltraCAR-T™ platform advantages: enhanced potency, safety, and scalability POTENCY SAFETY SCALABILITY Multigenic expression Kill switch Rapid manufacturing Optimized CAR design Controlled gene Quick turnaround for expression with patients Long-term persistence RheoSwitch® No ex vivo expansion Preferred/less Non-viral gene delivery differentiated T cell Decentralized phenotype manufacturing 17


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UltraCAR-T™ advantage: scalable manufacturing process with rapid turnaround time for patients mbIL15 improves potency of UltraCAR-T Memory like phenotype of UltraCAR-T mbIL15 • Improved expansion and persistence of T cells • Less differentiated, memory like T cell population Preferred phenotype • Improved engraftment potential for CAR-T cell generation • Allows for elimination of ex vivo expansion manufacturing step 18


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Disrupting the market: Precigen’s transformative UltraCAR-T™ platform advancements TPrecigen’s -UltraCAR UltraCAR-T Platform enables patient reinfusion within two days following non-viral gene transfer 1 Leukapheresis 2 Electroporation 3 UltraCAR-T Infusion Less than two days Electroporatio Unmodified Sleeping Beauty UltraCAR-T cells T-cell Plasmid DNA Leukapheresis and T cell isolation Electroporation of non-viral Sleeping Beauty for UltraCAR-T cells from patient expression of CAR, mbIL15 and kill switch expand in patients UltraCAR-T advancements UltraCAR-T Advantages : Potency + Safety + Scalability 19


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Preclinical and clinical portfolio o Portfolio designed for novel combinations o Current preclinical and clinical portfolio by phase


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Precigen’s portfolio is designed to specifically deliver novel combinations 21


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Precigen’s pipeline offers rapid value creation and potential for novel combinations 22 TA Product Platform Indication Discovery Preclinical Phase I PRGN-3006 UltraCAR-T AML, MDS INXN-3004 Viral CAR-T AML PRGN-3005 UltraCAR-T Solid Tumors PRGN-3007 UltraCAR-T Undisclosed PRGN-3008 UltraCAR-T Undisclosed PRGN-2009 AdenoVerse Vaccine Solid Tumors PRGN-2010 AdenoVerse Vaccine Solid Tumors PRGN-5001 Multifunctional Therapeutic Solid Tumors PRGN-2011 AdenoVerse Cytokine Therapy Solid Tumors PRGN-5002 Multifunctional Therapeutic Solid Tumors PRGN-2012 AdenoVerse Vaccine Undisclosed PRGN-2013 AdenoVerse Vaccine Undisclosed PRGN-3009 Undisclosed Undisclosed PRGN-3010 Undisclosed Undisclosed Immunooncology Infectious disease Autoimmune disorders Precigen pipeline as of January 2019


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Precigen’s portfolio is designed to deliver novel combinations in immunooncology 23 Multifunctional Therapeutic Cytokine Therapeutic UltraCAR-T™ AdenoVerse™ Cancer Vaccine PRGN-3005 PRGN-3006 PRGN-3007 PRGN-3008 PRGN-2009 PRGN-2010 PRGN-5001 PRGN-5002 PRGN-2011 Novel combinations using Precigen’s portfolio programs Therapeutic Platforms Portfolio Programs UltraCAR-T™ UltraCAR-T™ UltraCAR-T™ AdenoVerse™ Cancer Vaccine AdenoVerse™ Cancer Vaccine AdenoVerse™ Cancer Vaccine Multifunctional Therapeutic Multifunctional Therapeutic Cytokine Therapeutic Cytokine Therapeutic Cytokine Therapeutic Multifunctional Therapeutic


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Immuno-oncology therapeutic area o Current immunotherapy landscape o Control of immuno-oncology technologies o Asset highlight: PRGN-3006 UltraCAR-TTM o Asset highlight: PRGN-3005 UltraCAR-TTM o Asset highlight: AdenoVerseTM cancer vaccine o Asset highlight: Multifunctional therapeutic


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Current immunotherapy landscape has promise, but many drawbacks Despite the success, only a minority of patients respond; in some indications there is no response Relapse rates are high among responders to checkpoint inhibitors Combination trials with checkpoint inhibitors have yielded only incremental advances at high cost Checkpoint Inhibitors Immunotherapy with checkpoint inhibitors has revolutionized cancer treatment in recent years Viral-Based CAR-T Autologous Unparalleled clinical efficacy using anti CD19-CAR-T cells for treatment of refractory B-cell malignancies Reliance on viral vectors: complexity of manufacturing; potential safety concerns More differentiated less desired T-cell phenotype Lengthy cell product manufacturing process Long delays for patients Major challenges in solid tumor treatments using current approaches Allogeneic Available on-demand Limited persistence / rejection of allogeneic CAR-T by host Short treatment window may limit effectiveness for solid tumors 25


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Focus on immuno-oncology with full control of technologies Full developmental control across targets Royalty bearing license to Ziopharm for CD19 and right to negotiate for second undisclosed target Exclusive rights to non-viral Sleeping Beauty system UltraCAR-T™ platform CAR-T cells Full developmental control across targets RheoSwitch® Therapeutic System AdenoVerse™ platform Cancer vaccines Novel multi-effector therapeutics approach Multifunctional therapeutics Target multiple pathways for improvement over existing checkpoint inhibitors Full developmental control across molecules Royalty bearing license to Ziopharm for controlled IL-12 viral therapy AdenoVerse™ platform and RheoSwitch® Therapeutic System Cytokine therapy Full developmental control across “public antigen” targets AttSite™ recombinases and viral gene delivery mbIL15 TCR T cells 26


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Immuno-oncology therapeutic area Asset highlight: PRGN-3006 UltraCAR-TTM


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PRGN-3006 UltraCAR-T™, a first-in-class therapy in AML, received FDA clearance for IND to initiate Phase 1/1b study 28 Autologous T cell investigational therapy Rapid manufacturing No ex vivo propagation step Infusion within 2 days after gene transfer Next generation Sleeping Beauty design for optimized multigenic expression Highlights and Differentiation Relapsed or refractory acute myeloid leukemia (AML) Higher risk myelodysplastic syndrome (MDS) FDA IND clearance in Dec ‘18 Phase 1/1b study to evaluate safety and maximal tolerated dose expected to initiate in 1H ’19 Study in collaboration with Moffitt Cancer Center Status Patient Population Non-viral Sleeping Beauty system to coexpress CAR, mbIL15 and kill switch


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PRGN-3006 UltraCAR-T™ exhibits enhanced functional activity and safety in vitro Enhanced cytotoxicity Enhanced antigen specific 6 0 expansion y t i c 4 0 i N e g a t i v e C o n t r o l C A R - T x n o n e g o n e g t C A R - T ( m b I L 1 5 ) i C A R - T ( m b I L 1 5 ) o s t P R G N - 3 0 0 6 n P R G N - 3 0 0 6 y a C 2 0 p x % E 0 + + T a r g e t n e g T a r g e t A M L T a r g e t A M L 0 5 1 0 1 5 2 0 C e l l L i n e 1 C e l l L i n e 2 C e l l L i n e T i m e ( D a y s ) No bystander activation Kill switch functionality 1 0 0 6 0 0 3 - 8 0 N Kill Switch Activator G Negative Control R P f 6 0 O y t i c i 4 0 x o t o t y C 2 0 % 0 P R G N - 3 0 0 6 29


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PRGN-3006 UltraCAR-T™ cells eliminated tumor burden and improved survival in an in vivo model of AML 30 Treatment Median OS (days) Saline 17 Negative Control CAR-T 17 CAR-T (mbIL15neg) 26 PRGN-3006 53 Anti-tumor activity Overall survival (OS) PRGN-3006 UltraCAR-T™ cells administered in less than 2 days post gene transfer effectively eliminated AML tumor in dose dependent manner mbIL15 expression necessary for elimination of aggressive AML tumor in mice Deceased Animal


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mbIL15 improves expansion and persistence of PRGN-3006 UltraCAR-T™ cells Superior in vivo expansion and persistence of PRGN-3006 UltraCAR-T™ cells in tumor bearing mice Expression of mbIL15 supports survival and promotes extended persistence in absence of cytokines 31 Enhanced survival In vivo – AML model In vitro Enhanced expansion


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Immuno-oncology therapeutic area Asset highlight: PRGN-3005 UltraCAR-TTM


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PRGN-3005 UltraCAR-T™, a first-in-class therapy in solid tumors 33 Highlights and Differentiation Non-viral Sleeping Beauty system to coexpress CAR, mbIL15 and kill switch Autologous T cell product Specific targeting of tumor cells via CAR, improved UltraCAR-T™ persistence due to mbIL15 and built-in safety mechanism with kill switch Rapid manufacturing No ex vivo propagation step Infusion within 2 days after gene transfer High gene transfer efficiency using optimized Sleeping Beauty transposon


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PRGN-3005 UltraCAR-T™ specifically lyse tumor cells in dose dependent manner in vitro PRGN-3005 exhibits robust target specific cytotoxicity of tumor cells in dose dependent manner 34 PRGN-3005 Negative Control CAR-T 0 20 40 60 80 100 Targetneg Cells 4:1 2:1 1:1 0.5:1


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PRGN-3005 UltraCAR-T™ effectively eliminated tumor burden in mice 35 Enhanced anti-tumor effect Enhanced expansion PRGN-3005 UltraCAR-T™ cells administered in less than 2 days post gene transfer eliminated tumor in all treated mice PRGN-3005 UltraCAR-T™ cells show enhanced expansion and persistence in tumor bearing mice compared to mbIL15neg CAR-T cells 0 10 20 30 40 50 60 70 80 105 106 107 108 109 1010 1011 Time (Days) Saline PRGN-3005 CAR-T (mbIL15neg)


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PRGN-3005 UltraCAR-T™ demonstrates enhanced anti-tumor effect PRGN-3005 Negative control CAR-T Tumor cells – Green; Apoptosis = Red 36


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Plans to rapidly advance PRGN-3005 UltraCAR-T™ 37 First in class UltraCAR-T molecule for solid tumors Non-viral gene transfer Rapid manufacturing enables quick turnaround for patients PRGN-3005 demonstrated enhanced anti-tumor activity in mouse model Rapidly advancing PRGN-3005 development


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Immuno-oncology therapeutic area Asset highlight: AdenoVerseTM cancer vaccine


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AdenoVerse™ cancer vaccines 39 High-level and durable antigenspecific immune responses Large payload capacity and optimized gene expression Ability to repeat administration improves potency Novel antigen design improves immune response


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Robust antigen-specific response and anti-tumor activity by AdenoVerse™ cancer vaccine candidate in vivo 40 Anti-tumor activity Novel antigen designs for cancer vaccine candidates produce robust antigen-specific response AdenoVerse™ vaccine effectively controls tumor in mice In vitro screening PRGN-2009 Empty Vector Vehicle Empty Vector


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Immuno-oncology therapeutic area Asset highlight: Multifunctional therapeutic


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Precigen’s multifunctional therapeutic candidate provides better T cell activation & anti-tumor response vs. approved anti-PD-1 checkpoint inhibitor 42 Improved T cell activation Improved anti-tumor activity


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Precigen’s candidate induces faster T cell infiltration into tumor spheroid compared to anti-PD1 PRGN-5001 Anti-PD1 Key: Tumor = Green PBMCs = Red Fibroblast = Unlabeled 43


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Infectious diseases therapeutic area


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Precigen AdenoVerseTM vaccine candidates and technology platform generate superior immune responses 45 Antigen specific immune response Novel antigen designs for infectious disease vaccine candidates produce robust antigenspecific response In vivo screening AdenoVerse™ vaccine produces superior immune response AdenoVerse Vaccine Candidates Competitor Vaccine Control % CD8+ IFN + T cells


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Autoimmune disorders therapeutic area


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Factors involved in the initiation of autoimmunity 47 HLA Genetic Cytokines/receptors Infection, microbiome, tissue injury Generate proinflammatory environment Activation of autoreactive lymphocytes Defective Tregs (either development, stability, or function) Environmental Graphic adapted from: J Clin Invest. 2015;125(6):2228-2233. https://doi.org/10.1172/JCI78088 (Figure 2)


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Precigen’s autoimmunity asset demonstrated potent suppression of effector cell function Suppression of effector T cell proliferation Suppression of inflammatory cytokine production + + A u t o l o g o u s C D 4 T C e l l s A u t o l o g o u s C D 8 T C e l l s 1 0 0 1 0 0 1 0 0 0 0 n n 8 0 8 0 o o i i 8 0 0 0 s s ) l s 6 0 s 6 0 m e e / 6 0 0 0 r r g p p p p ( 4 0 p 4 0 u ug 4 0 0 0 S S N F I % 2 0 2 0 2 0 0 0 % 0 0 0 t n n o e i t m a t v a i t PRGN-3009 e PRGN-3009 c r PRGN-3009 A T o o N N Novel multigenic approach for treatment of autoimmune disorders with unmet medical need 48


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Summary


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Looking ahead to 2019 50 Initiate PRGN-3006 UltraCAR-TTM Phase 1 trial in AML and MDS Rapidly advance PRGN-3005 UltraCAR-TTM for solid tumor Rapidly advance PRGN-2009 AdenoVerseTM vaccine for solid tumor Rapidly advance one infectious disease candidate Rapidly advance preclinical candidates to go/no go Rapidly advance preclinical and clinical programs


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Long-term vision: Value creation through patient focus Foundation Rights to proprietary platforms and technologies Therapeutic area focus Enhanced scientific team and capabilities Execution Aggressively advance programs though clinical development Early go/no go decisions to de-risk portfolio Value Creation Advance therapies that provide significant benefits to patients Create value for investors 51


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Q&A


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ADVANCING MEDICINE WITH PRECISION TM