OPERA I and II

64
ECTRIMS 2015, Barcelona Roche Investor Science Conference Call Monday, 12 October 2015 1

Transcript of OPERA I and II

Page 1: OPERA I and II

ECTRIMS 2015, Barcelona

Roche Investor Science Conference Call Monday, 12 October 2015

1

Page 2: OPERA I and II

2

This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes’, ‘expects’, ‘anticipates’, ‘projects’, ‘intends’, ‘should’, ‘seeks’, ‘estimates’, ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. Various factors may cause actual results to differ materially in the future from those reflected in forward-looking statements contained in this presentation, among others: 1 pricing and product initiatives of competitors; 2 legislative and regulatory developments and economic conditions; 3 delay or inability in obtaining regulatory approvals or bringing products to market; 4 fluctuations in currency exchange rates and general financial market conditions; 5 uncertainties in the discovery, development or marketing of new products or new uses of existing

products, including without limitation negative results of clinical trials or research projects, unexpected side-effects of pipeline or marketed products;

6 increased government pricing pressures; 7 interruptions in production; 8 loss of or inability to obtain adequate protection for intellectual property rights; 9 litigation; 10 loss of key executives or other employees; and 11 adverse publicity and news coverage. Any statements regarding earnings per share growth is not a profit forecast and should not be interpreted to mean that Roche’s earnings or earnings per share for this year or any subsequent period will necessarily match or exceed the historical published earnings or earnings per share of Roche.

For marketed products discussed in this presentation, please see full prescribing information on our website www.roche.com

All mentioned trademarks are legally protected.

Page 3: OPERA I and II

Agenda

Welcome Karl Mahler, Head of Investor Relations Roche in Neuroscience Ahmed Elhusseiny, Global Therapy Area Head, Neuroscience and Rare Diseases RMS and PPMS – overview and treatment landscape today Paulo Fontoura, M.D. Ph.D., Global Head, Clinical Development Neuroscience Results of ocrelizumab phase 3 studies in RMS and PPMS Stephen Hauser, M.D., Chair of Neurology, University of California San Francisco Q&A Karl Mahler, Head of Investor Relations

3

Page 4: OPERA I and II

Welcome

Karl Mahler Head of Investor Relations, Roche

4 4

Page 5: OPERA I and II

Expanding into new therapeutic areas Roche non-oncology development

5

NME fibrosis

NME autoimmune diseases

NME inflammatory diseases

DBO β-lactamase inh bacterial infections

NME infectious diseases

therapeutic vaccine HBV

Lucentis sust. delivery AMD/RVO/DME

VEGF-ANG2 MAb wAMD

TAU MAb Alzheimer’s

Nav1.7 inh pain

SNM2 splicer spinal muscular atrophy

α-synuclein MAb Parkinson’s disease

Actemra systemic sclerosis

lebri +/- Esbriet IPF

lebrikizumab atopic demititis

danoprevir HCV

FluA MAb influenza

TLR7 agonist HBV

sembraagiline Alzheimer’s

GABRA5 NAM Down syndrome

bitopertin OCD

olesoxime spinal muscular atrophy

basimglurant TRD

V1 receptor ant. autism

crenezumab Alzheimer’s

MabThera pemphigus vulgaris

Actemra giant cell arteriris

lebrikizumab severe asthma

etrolizumab ulcerative colitis

etrolizumab Crohn’s disease

lampalizumab geographic atrophy

gantenerumab Alzheimer’s

ocrelizumab RMS

ocrelizumab PPMS

Phase I Phase II Phase III

Immunology Infectious Diseases Ophthalmology Neuroscience

Status as of July 23, 2015

Page 6: OPERA I and II

Multiple Sclerosis market expanding Improvements over Standard of Care driving market

6

0

5,000

10,000

15,000

20,000

25,000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Q1 2015

ABCR Injectables

Orals

IV

20,437 18,999

16,275

12,935 11,358

9,597 8,016

6,796 5,686

5,239 4,577 3,943

Global value sales (lc) USDm

Source: IMS Data 2015Q1 Database; * Includes Imusera sales

Betaseron Rebif Avonex Copaxone

Lemtrada Tysabri

Tecfidera Aubagio Gilenya*

Page 7: OPERA I and II

Strong newsflow yet to come in 2015

7

San Antonio, 8-12 Dec

•  atezolizumab - TNBC: P1b abraxane combo

•  atezolizumab - GBM: P1

San Antonio, 19-22 Nov

Orlando, 5-8 Dec

•  venetoclax - CLL: P2 R/R p17del •  Gazyva - NHL: P3 GADOLIN update - CLL: P3 GREEN update

San Francisco, 18-21 Nov

•  atezolizumab - mM: P1 vemurafenib combo

•  cobimetinib + Zelboraf BRAF+mM: coBRIM OS data

Presentations planned

Page 8: OPERA I and II

Roche in Neuroscience

Ahmed Elhusseiny Global Therapy Area Head, Neuroscience and Rare Diseases

8 8

Page 9: OPERA I and II

Neuroscience is the 2nd largest therapeutic area by value

9 Source: IMS MIDAS, Evaluate Pharma

Respiratory system

CAGRs Oncology/  Immuno-­‐modulator  

18%  

CNS  16%  

Systemic  An=-­‐

Infec=ves  13%  

Alimentary  Tract  +  Metabol  13%  

Cardiovascular  System  

11%  

Respiratory  System  6%  

Others  23%  

-­‐10%   -­‐5%   0%   5%   10%  

2008-­‐2014   2014-­‐2020  

Oncology/ Immunomodulator

CNS

Systemic anti-infectives

Alimentary tract +metabol

Cardiovascular system

Other

Page 10: OPERA I and II

An area of significant unmet medical needs and huge socioeconomic burdens

Economic Burden:

3-4% of GDP in the EU

13% of global disease

burden

33-50% of disability

claims

$6 Trillion

total direct/ in-direct costs by

2030

700M cases of mental & neurological

disorders reported annually worldwide

10 Mental and Neurological Disorders, http://www.ifpma.org/global-health/mental-neurological-disorders.html

Page 11: OPERA I and II

Roche in Neuroscience 13 NMEs in clinical development

PSYCHIATRIC DISORDERS

NEURO- DEGENERATIVE

DISORDERS

NEURO- DEVELOPMENTAL DISORDERS

11

Page 12: OPERA I and II

Multiple sclerosis is expected to become the 3rd biggest indication in 2020 by value

12 Source: Evaluate Pharma

2014 Sales in CHF bn

Type II diabetes 34

Hypertension 21

Rheumatoid arthritis 21

HIV treatment 18

Multiple sclerosis 18

Hyperlipidaemia 16

Hepatitis C 16

Asthma 14

Schizophrenia 12

Breast cancer 11

2020 Sales in CHF bn

Type II diabetes 51

Rheumatoid arthritis 23

Multiple sclerosis 22

Breast cancer 22

HIV treatment 22

NSCLC (lung cancer) 20

Hepatitis C 20

Multiple myeloma 17

Hypertension 14

Hyperlipidaemia 14

Page 13: OPERA I and II

Source: Evaluate Pharma Multiples Sclerosis report, September 2015 ABCRs include : interferon beta-1a, interferon beta-1b, glatiramer acetate, interferon beta-1a, interferon beta-1a, peginterferon beta-1a

84  

0%  

20%  

40%  

60%  

80%  

100%  

2004   2006   2008   2010   2012   2014  

Multiple sclerosis market evolution New therapies are changing treatment landscape

Evolution of global MS market ABCRs with over 50% share in 2014

58%

10%

0.2%

3%

13%

15.3%

ABCR’s2

Alemtuzumab

Dimethyl fumarate

Natalizumab

Fingolimod

Teriflunomide

% s

hare

of g

loba

l sal

es

13

Page 14: OPERA I and II

Multiple sclerosis market in patient numbers Treated PPMS subset estimated to grow

•  PPMS incidence rate of ~10-15% of total MS market

•  Approximately one third of the patients are on some off label therapy2

•  Treated PPMS patient pool estimated to grow with approved treatment option

Num

ber o

f pat

ient

s (i

n th

ousa

nds)

Total MS market size1

1Evaluate Pharma Multiples Sclerosis Report October 2015 2Roche internal estimate- no approved therapy,l 3 Market size estimate ongoing

14

0

200

400

600

800

US EU

468

580

PPMS

Page 15: OPERA I and II

RMS and PPMS – overview and treatment landscape today Paulo Fontoura, MD PhD Global Head, Clinical Development Neuroscience

15 15

Page 16: OPERA I and II

PPMS

RMS and PPMS Distinct diseases with different need

•  Characterized by clearly defined attacks of worsening neurologic function followed by increasing disability later

•  Patients usually diagnosed in 20s and 30s

•  12 approved treatment options demonstrated reduction in relapses, progression and number of brain MRI lesions

•  Safer high efficacy medicines are needed for earlier treatment

RMS

•  Characterized by steady progression of disability from beginning, mostly without relapses

•  About 15% of overall MS cases

•  Patients usually diagnosed in 40s and 50s

•  To date there is no approved disease-modifying treatment, several medicines have failed Ph3 trials

16

0

20

40

60

80

100

Incr

easi

ng d

isab

ility

Time 0

20

40

60

80

100

Incr

easi

ng d

isab

ility

Time

Page 17: OPERA I and II

Source: Adapted from Hauser SL, et al. Ann. Neurol. 2013;74(3):317-327 ABCRs=Avonex®, Betaseron®, Copaxone®, Rebiff®

Fingolimod

(JCV+)

Natalizumab

Daclizumab

Teriflunomide

(JCV-)

ILLUSTRATIVE

ABCRs

Legend

Injectable

Oral

MAB

More

Less

More/ Earlier Less / Later SAFETY/ USE

EFFI

CA

CY

Unmet need

Range of treatment options in RMS Number of agents with varying efficacy/safety profiles

Alemtuzumab Natalizumab

Dimethyl fumarate

17

Page 18: OPERA I and II

Study designs differ for various RMS agents Complicating efficacy comparison across studies

18

Placebo-controlled studies

Active comparator-controlled studies

Natalizumab Fingolimod Dimethyl fumarate

Teriflunomide (14mg)

Interferon beta-1a2

44 υg

ARR -68% -54% -53%/44% -31%/-36% -32%

CDP(12w) -42% -30%/n.s. -38%/n.s. -30%/-31% -30%

CDP(24w) -54% NA NA NA NA

Alemtuzumab vs. interferon beta-1a2

Daclizumab vs. interferon beta-1a1

Ocrelizumab vs. interferon beta-1a2

ARR -55%/-49% -45% -46%/-47%

CDP(12w) NA n.s. -40% (-37% and -43%)

CDP(24w) -42%/n.s. NA -40% (-37% and -43%) Not an exhaustive list of all studies Data source: NEJM, Lancet, product labels; ARR=annualized relapse rate, CDP=confirmed disability progression 1Avonex®; 2Rebif®; n.s.=not significant

Page 19: OPERA I and II

PPMS – challenging disease Randomised studies failed to demonstrate benefit

2004 2006 2008 2010 2012 2014

Glatiramer acetate PROMiSE

Rituximab OLYMPUS

Fingolimod INFORMS

Number of different MS agents are used in PPMS off-label despite lack of efficacy data

19

Page 20: OPERA I and II

ORATORIO First study with positive primary and secondary outcome data

2004 2006 2008 2010 2012 2014

Glatiramer acetate PROMiSE

Rituximab OLYMPUS

Fingolimod INFORMS

Ocrelizumab ORATORIO

20

Page 21: OPERA I and II

ORCHESTRA program Ocrelizumab development in RMS and PPMS

Indication Relapsing multiple sclerosis (RMS) Primary progressive multiple sclerosis (PPMS)

Phase/study Phase III OPERA I

Phase III OPERA II

Phase III ORATORIO

# of patients N=800 N=800 N=732

Design §  96-week treatment period: §  ARM A: Ocrelizumab 2x 300 mg

iv followed by 600 mg iv every 24 weeks

§  ARM B: Interferon β-1a 44ug s.c. 3/weekly

§  96-week treatment period: §  ARM A: Ocrelizumab 2x 300 mg

iv followed by 600 mg iv every 24 weeks

§  ARM B: Interferon β-1a 44ug s.c. 3/weekly

§  120-week treatment period: §  ARM A: Ocrelizumab 2x 300 mg

iv every 24 weeks §  ARM B: Placebo

Primary endpoint

§  Annualized relapse rate at 96 weeks versus Rebif

§  Annualized relapse rate at 96 weeks versus Rebif

§  Sustained disability progression versus placebo by Expanded Disability Status Scale (EDSS)

21

The ORCHESTRA program included several state of the art methodology elements:

•  Double-blind/double dummy design in OPERA 1 and 2 •  Active comparator with high efficacy ABCR •  Robust evaluation of efficacy including clinically meaningful endpoints and MRI

methods (allowing evaluation of NEDA, atrophy)

Page 22: OPERA I and II

Continued high unmet medical need in MS

Key areas of unmet medical need in MS

DMT’s offering optimal disease control in relapsing forms of MS with favorable safety profiles

1

Neuroprotective / reparative therapies 2

Predictive prognostic, diagnostic, therapeutic response markers 5

Source: adapted from Decision Resources, Cognos Study, Multiple Sclerosis, January 2015 DMT=disease modifying therapy

22

Therapies for progressive MS 3

Better symptomatic control – cognition, fatigue 4

Page 23: OPERA I and II

Results of ocrelizumab phase 3 studies in RMS and PPMS Stephen Hauser, MD Chair of Neurology, University of California San Francisco

23 23

Page 24: OPERA I and II

Efficacy and Safety of Ocrelizumab in Relapsing Multiple Sclerosis – Results of the Phase III Double-blind,

Interferon beta-1a-controlled OPERA I and II Studies

SL Hauser, GC Comi, H-P Hartung, K Selmaj, A Traboulsee, A Bar-Or, DL Arnold, G Klingelschmitt, F Lublin, H Garren, L Kappos,

on behalf of the OPERA I and II clinical investigators

OPERA I, NCT01247324; OPERA II, NCT01412333

31st Congress of the European Committee for Treatment and Research in Multiple Sclerosis 2015

Platform presentation number 190

Page 25: OPERA I and II

Antigen presentation1,2

Autoantibody production4

B cells can contribute to the pathophysiology of MS

1. Crawford A, et al. J Immunol 2006;176(6):3498–506. 2. Bar-Or A, et al. Ann Neurol 2010;67(4):452–61. 3. Lisak RP, et al. J Neuroimmunol 2012;246(1-2):85–95. 4. Weber MS, et al. Biochim Biophys Acta 2011;1812(2):239–45. 5. Serafini B, et al. Brain Pathol 2004;14(2):164–74. 6. Magliozzi R, et al. Ann Neurol 2010;68(4):477–93.

Ectopic lymphoid follicle-like aggregates5,6

Cytokine production2,3

Page 26: OPERA I and II

Targeting CD20+ B cells may preserve B cell reconstitution and long-term immune memory

Image adapted from Krumbholz M, et al. Nat Rev Neurol 2012;8(11):613–23. 1. Hauser SL. Mult Scler 2015;21(1):8–21. 2. Pescovitz MD. Am J Transplant 2006;6(5 pt 1):859–66. 3. Leandro MJ, et al. Arthritis Rheum 2006;54(2):613–20. 4. DiLillo DJ, et al. J Immunol 2008;180(1):361–71.

B-cell Reconstitution1-3

v

Long-term Immune Memory1,2,4

Ocrelizumab is a humanised monoclonal antibody that selectively depletes CD20+ B cells

Page 27: OPERA I and II

OPERA I and II: Two identical studies evaluating the efficacy and safety of ocrelizumab in RMS

27

· RMS diagnosis · 18–55 yrs · ≥2 clinical relapses within last 2 yrs or 1 relapse in last yr · EDSS of 0.0–5.5

1:1

Rand

om

isa

tion

OLE

OLE

sc

ree

ning

pe

riod

‡Continued monitoring occurs if B cells are not repleted. EDSS, Expanded Disability Status Scale; IFN, interferon; i.v., intravenous; OLE, open-label extension; RMS, relapsing multiple sclerosis; s.c., subcutaneous.

Safety follow-up ≈48 weeks from date of last infusion

B-cell monitoring‡

Page 28: OPERA I and II

OPERA I and OPERA II: Study objectives and endpoints

Objectives

•  To evaluate the efficacy and safety of ocrelizumab compared with IFN β-1a in patients with RMS

Primary endpoint

• Annualised relapse rate (ARR) at 96 weeks

Key secondary endpoints

•  12- and 24- week confirmed disability progression (CDP)

• Number of T1 Gd-enhancing lesions (weeks 24, 48 and 96)

• Number of new and/or enlarging T2 lesions (weeks 24, 48 and 96)

IFN, interferon. Hauser S, et al. AAN 2015. Poster P7.201.

Page 29: OPERA I and II

OPERA I OPERA II

IFN β-1a 44 μg

Ocrelizumab 600 mg

IFN β-1a 44 μg

Ocrelizumab 600 mg

ITT*, n 411 410 418 417

Treated, n 409 408 417 417

Withdrawn, n (%)

Withdrawn due to AE, n (%)

Entered safety follow-up, n (%)

69 (17)

25 (6.1)

42 (61)

42 (10)

13 (3.2)

24 (57)

97 (23)

25 (6.0)

39 (40)

57 (14)

16 (3.8)

16 (28)

Completed, n (%)

Entered safety follow-up, n (%)

Entered open-label extension, n (%)

340 (83)

12 (4)

326 (96)

366 (89)

10 (3)

352 (96)

320 (77)

17 (5)

297 (93)

360 (86)

9 (2)

350 (97)

Over 85% of patients in the ocrelizumab arms completed the OPERA I and OPERA II studies

*All randomised patients will be included in the ITT population. Patients prematurely withdrawing from the study for any reason and for whom an assessment was not performed for whatever reason will still be included in the ITT analysis. AE, adverse event; IFN, interferon; ITT, intent to treat.

Page 30: OPERA I and II

OPERA I OPERA II

IFN β-1a

44 μg n=411

Ocrelizumab 600 mg n=410

IFN β-1a

44 μg n=418

Ocrelizumab 600 mg n=417

Age, yr, mean (SD)  36.9 (9.3) 37.1 (9.3) 37.4 (9.0) 37.2 (9.1)

Female, n (%)  272 (66.2) 270 (65.9) 280 (67.0) 271 (65.0)

Time since onset, yr, mean (SD) 6.3 (6.0) 6.7 (6.4) 6.7 (6.1) 6.7 (6.1)

Time since diagnosis, yr, mean (SD) 3.7 (4.6)  3.8 (4.8) 4.1 (5.1) 4.2 (5.0)

Relapses previous 12 months, mean (SD)  1.3 (0.6) 1.3 (0.7) 1.3 (0.7) 1.3 (0.7)

Previously untreated*, n (%) 292 (71.4) 301 (73.8) 314 (75.3) 304 (72.9)

EDSS, mean (SD) 2.8 (1.3)  2.9 (1.2) 2.8 (1.4) 2.8 (1.3)

Patients with Gd+ lesions, n (%) 155 (38.1)  172 (42.5) 172 (41.4) 161 (39.0)

Number Gd+ T1 lesions, mean (SD) 1.9 (5.2) 1.7 (4.2) 2.0 (4.9) 1.8 (5.0)

Number T2 lesions, mean (SD) 51.1 (39.9) 51.0 (39.0) 51.0 (35.7) 49.3 (38.6)

ITT *Untreated with disease-modifying therapy in 2 years prior to study entry. EDSS, Expanded Disability Status Scale; Gd+, gadolinium enhancing; IFN, interferon; SD, standard deviation; yr, year.

MS disease history and baseline characteristics were balanced

Page 31: OPERA I and II

Primary endpoint: Significant reduction in ARR compared with IFN β-1a

ITT *Adjusted ARR calculated by negative binomial regression and adjusted for baseline EDSS score (<4.0 vs ≥4.0), and geographic region (US vs ROW). ARR, annualised relapse rate; EDSS, Expanded Disability Status Scale; IFN, interferon; ROW, rest of the world.

46% ARR reduction

vs IFN β-1a p<0.0001

OPERA I OPERA II

47% ARR reduction

vs IFN β-1a p<0.0001

Page 32: OPERA I and II

Risk reduction: 40% HR (95% CI): 0.60 (0.45, 0.81); p=0.0006

Risk reduction: 40% HR (95% CI): 0.60 (0.43, 0.84); p=0.0025

Time to 12-week CDP Time to 24-week CDP

ITT CDP, confirmed disability progression; CI, confidence interval; HR, hazard ratio; IFN, interferon; OCR, ocrelizumab.

n

IFN β-1a

828 784 741 696 665 632 608 583 449

OCR 827 795 765 737 716 702 688 672 526

15.2

9.8 12.0

7.6

n

IFN β-1a 828 785 747 705 677 644 622 600 466

OCR 827 797 772 748 731 717 704 688 540

Secondary endpoints: Significant reduction in CDP in the pre-specified pooled analysis of OPERA I and OPERA II

Page 33: OPERA I and II

OPERA I OPERA II

Risk reduction: 43% HR (95% CI): 0.57 (0.37, 0.90); p=0.0139

Risk reduction: 37% HR (95% CI): 0.63 (0.42, 0.92); p=0.0169 Fo

r ≥12

we

eks

Risk reduction: 43% HR (95% CI): 0.57 (0.34, 0.95); p=0.0278

Risk reduction: 37% HR (95% CI): 0.63 (0.40, 0.98); p=0.0370 Fo

r ≥24

we

eks

n IFN β-1a 418 389 372 344 324 304 289 277 204

OCR 417 404 385 368 353 344 337 324 246

n IFN β-1a 410 395 369 352 341 328 319 306 245

OCR 410 391 380 369 363 358 351 348 280

13.0

8.3

17.5

11.1

n IFN β-1a 411 395 371 356 347 334 323 310 252

OCR 410 392 382 373 369 363 357 354 284

n IFN β-1a 418 390 376 349 330 310 299 290 214

OCR 417 405 390 375 362 354 347 334 256

10.6

6.5

13.6

8.6

Exploratory analysis by study: Consistent reduction in 12- and 24-week CDP

ITT CDP, confirmed disability progression; CI, confidence interval; HR, hazard ratio; IFN, interferon; OCR, ocrelizumab.

Page 34: OPERA I and II

Secondary endpoint: Significant reduction in number of T1 Gd+ lesions compared with IFN β-1a

OPERA I OPERA II

94% Reduction vs

IFN β-1a p<0.0001

95% Reduction vs

IFN β-1a p<0.0001

ITT *Adjusted by means calculated by negative binomial regression and adjusted for baseline T1 Gd lesion (present or not), baseline EDSS (<4.0 vs ≥4.0) and geographical region (US vs ROW). EDSS, Expanded Disability Status Scale; Gd+, gadolinium enhancing; IFN, interferon; MRI, magnetic resonance imaging; ROW, rest of the world.

Page 35: OPERA I and II

n

IFN β-1a 372 357 335

Ocrelizumab 382 377 359

Exploratory endpoint: Reduction in mean T1 Gd+ lesions compared with IFN β-1a

OPERA I OPERA II

n

IFN β-1a 372 334 311

Ocrelizumab 385 373 359

95% p<0.0001

98% p<0.0001 91%

p<0.0001

92% p<0.0001

96% p<0.0001

97% p<0.0001

ITT *Adjusted by means calculated by negative binomial regression and adjusted for baseline T1 Gd lesion (present or not), baseline EDSS (<4.0 vs ≥4.0) and geographical region (US vs ROW). EDSS, Expanded Disability Status Scale; Gd+, gadolinium enhancing; IFN, interferon; MRI, magnetic resonance imaging; ROW, rest of the world.

Page 36: OPERA I and II

Secondary endpoint: Significant reduction in number of new and/or enlarging T2 hyperintense lesions compared with IFN β-1a

OPERA I OPERA II

77% Reduction vs

IFN β-1a p<0.0001

83% Reduction vs

IFN β-1a p<0.0001

ITT *Adjusted by means calculated by negative binomial regression and adjusted for baseline T2 lesion count, baseline EDSS (<4.0 vs ≥4.0) and geographical region (US vs ROW). EDSS, Expanded Disability Status Scale; IFN, interferon; MRI, magnetic resonance imaging; ROW, rest of the world.

Page 37: OPERA I and II

n

IFN β-1a 373 357 336

Ocrelizumab 385 378 360

Exploratory endpoint: Reduction in total new and/or enlarging T2 hyperintense lesions compared with IFN β-1a

OPERA I OPERA II

n

IFN β-1a 374 337 314

Ocrelizumab 387 376 360 ITT *Adjusted by means calculated by negative binomial regression and adjusted for baseline T2 lesion count, baseline EDSS (<4.0 vs ≥4.0) and geographical region (US vs ROW). EDSS, Expanded Disability Status Scale; IFN, interferon; MRI, magnetic resonance imaging; ROW, rest of the world.

98% p<0.0001

94% p<0.0001

41% p=0.0002

61% p<0.0001

96% p<0.0001

97% p<0.0001

Page 38: OPERA I and II

No evidence of disease activity (NEDA)

ITT Exploratory endpoints *Compared using the Cochran–Mantel–Haenszel test stratified by geographic region (US vs ROW) and baseline EDSS score (<4.0 vs ≥4.0). EDSS, Expanded Disability Status Scale; Gd+, gadolinium enhancing; IFN, interferon; ROW, rest of the world.

NEDA

64% improvement vs IFN β-1a

p<0.0001

NEDA is defined as: no protocol-defined relapses, no CDP events, no new or enlarging T2

lesions, and no Gd+ T1 lesions

OPERA I Percentage Change in Brain

Volume from Baseline to Week 96

Week

OPERA I

Change in brain volume

Exploratory endpoints compared with IFN β-1a:

23.5% reduction in rate of brain volume loss vs IFN β-1a

p<0.0001

Page 39: OPERA I and II

89% improvement vs IFN β-1a

p<0.0001

NEDA is defined as: no protocol-defined relapses, no CDP events, no new or enlarging T2

lesions, and no Gd+ T1 lesions

NEDA OPERA II

Percentage Change in Brain Volume from Baseline to Week 96

Week

OPERA II

No evidence of disease activity (NEDA)

ITT Exploratory endpoints *Compared using the Cochran–Mantel–Haenszel test stratified by geographic region (US vs ROW) and baseline EDSS score (<4.0 vs ≥4.0). EDSS, Expanded Disability Status Scale; Gd+, gadolinium enhancing; IFN, interferon; ROW, rest of the world.

Change in brain volume

Exploratory endpoints compared with IFN β-1a:

23.5% reduction in rate of brain volume loss vs IFN β-1a

p<0.0001

23.8% reduction in rate of brain volume loss vs IFN β-1a

p=0.0001

Page 40: OPERA I and II

Adverse events over 96 weeks

Table includes only pooled AEs occurring in ≥5% of patients in at least one treatment group and the corresponding system organ classes. AE, adverse event; IFN, interferon.

n (%)

IFN β-1a 44 μg

(n=826)

Ocrelizumab 600 mg (n=825)

Total number of patients with ≥1 AE 688 (83.3) 687 (83.3)

Total number of patients with ≥1 AE occurring at a frequency ≥5% in either arm 539 (65.3) 544 (65.9)

Injury, Poisoning and Procedural Complications Infusion-related reaction

General Disorders and Administration-site Conditions Influenza-like illness Injection-site erythema Fatigue Injection-site reaction

Infections and Infestations Upper respiratory tract infection Nasopharyngitis Urinary tract infection Sinusitis Bronchitis

Nervous System Disorders Headache

Psychiatric Disorders Depression Insomnia

Musculoskeletal and Connective Tissue Disorders Back pain Arthralgia

155 (18.8) 80 (9.7)

396 (47.9) 177 (21.4) 127 (15.4)

64 (7.7) 45 (5.4)

433 (52.4) 87 (10.5) 84 (10.2)

100 (12.1) 45 (5.4) 29 (3.5)

252 (30.5) 124 (15.0)

144 (17.4) 54 (6.5) 38 (4.6)

207 (25.1) 37 (4.5) 51 (6.2)

333 (40.4) 283 (34.3)

173 (21.0) 38 (4.6) 1 (0.1)

64 (7.8) 2 (0.2)

482 (58.4) 125 (15.2) 122 (14.8) 96 (11.6) 46 (5.6) 42 (5.1)

224 (27.2) 93 (11.3)

149 (18.1) 64 (7.8) 46 (5.6)

204 (24.7) 53 (6.4) 46 (5.6)

Page 41: OPERA I and II

Serious adverse events were low over 96 weeks

During OPERA I and OPERA II, three deaths occurred •  IFN β-1a 44 μg arm: suicide, mechanical ileus •  Ocrelizumab 600 mg arm: suicide

Six malignancies were reported: •  IFN β-1a 44 μg arm: mantle cell lymphoma and squamous cell carcinoma •  Ocrelizumab 600 mg arm: renal cancer, melanoma and two breast cancers

n (%)

IFN β-1a 44 μg

(n=826)

Ocrelizumab 600 mg (n=825)

Overall patients with ≥1 SAE 72 (8.7) 57 (6.9)

Infections and infestations 24 (2.9) 11 (1.3)

Nervous system disorders 11 (1.3) 8 (1.0)

Injury, poisoning, and procedural complications 10 (1.2) 6 (0.7)

IFN, interferon; SAE, serious adverse event.

Page 42: OPERA I and II

1.4 0.5

1.5 0.5

1.7 0.9 5.1

1.3 0.1

Most common AE associated with ocrelizumab was infusion-related reactions (IRR) Mostly mild-to-moderate in severity*,†

*Numbers in columns represent the proportion of patients experiencing a grade of IRR. †Grading per Common Terminology Criteria. Note: All received 100 mg i.v. methylprednisolone. AE, adverse event; IFN, interferon.

Ocrelizumab 600 mg

IFN β-1a 44 μg

Dose 1 Dose 2 Dose 3 Dose 4 Dose 1 Dose 2 Dose 3 Dose 4

1.0 0.1 3.6

1.1 6.0

1.8 10.8

2.6 0.4

7.4

1.8 0.4

18.3

7.4

1.7 0.1

•  11 patients (1.3%) withdrew from ocrelizumab treatment due to an IRR during the first infusion

Infusion 1 Infusion 2 Infusion 1 Infusion 2

Mild Moderate Severe Life threatening

Page 43: OPERA I and II

In OPERA I and OPERA II, ocrelizumab was effective in relapsing MS and had a favourable safety profile over 96 weeks

•  Compared with IFN β-1a, ocrelizumab significantly reduced:

•  ARR

•  12- and 24-week CDP

•  T1 Gd+ lesions

•  New and/or enlarging T2 lesions

•  In exploratory analyses compared with IFN β-1a, ocrelizumab:

•  Reduced brain volume loss

•  Increased proportion of patients with NEDA

•  Overall, in OPERA I and OPERA II, ocrelizumab had a similar safety profile compared with IFN β-1a over 96 weeks

•  OPERA I and OPERA II showed that targeting CD20+ B cells with ocrelizumab is a potential therapeutic approach in relapsing MS

CDP, confirmed disability progression; Gd+, gadolinium enhancing; IFN, interferon.

Page 44: OPERA I and II

Source: Adapted from Hauser SL, et al. Ann. Neurol. 2013;74(3):317-327 ABCRs=Avonex®, Betaseron®, Copaxone®, Rebiff®

Fingolimod

(JCV+)

Natalizumab

Daclizumab

Teriflunomide

(JCV-)

ILLUSTRATIVE

ABCRs

Legend

Injectable

Oral

MAB

More

Less

More/ Earlier Less / Later SAFETY/ USE

EFFI

CA

CY

Unmet need

Range of treatment options in RMS Number of agents with varying efficacy/safety profiles

Alemtuzumab Natalizumab

Dimethyl fumarate

44

Page 45: OPERA I and II

Efficacy and Safety of Ocrelizumab in Primary Progressive Multiple Sclerosis – Results of the

Phase III, Double-blind, Placebo-controlled ORATORIO Study

X Montalban, B Hemmer, K Rammohan, G Giovannoni, J de Seze, A Bar-Or, DL Arnold, A Sauter, D Masterman, P Chin, H Garren, J Wolinsky,

on behalf of the ORATORIO clinical investigators

NCT01194570

31st Congress of the European Committee for Treatment and Research in Multiple Sclerosis 2015

Platform presentation number 228

Page 46: OPERA I and II

ORATORIO: Phase III Study in primary progressive MS (PPMS) Study Design

BL, baseline; CSF, cerebrospinal fluid; DMT, disease-modifying therapy; EDSS, Expanded Disability Status Scale; i.v., intravenous; MRI, magnetic resonance imaging. 1. Polman CH, et al. Ann Neurol 2005;58:840–6.

•  Diagnosis of PPMS (2005 revised McDonald criteria)1

•  Age 18–55 years

•  EDSS 3.0–6.5

•  CSF: elevated IgG index or >1 oligoclonal bands

•  No history of RRMS, SPMS, or PRMS

•  No treatment with other MS DMTs at screening

2:1

Rand

om

isa

tion#

*Patients received methylprednisolone prior to each ocrelizumab infusion or placebo infusion. †The blinded treatment period may be extended until database lock. #2:1 randomisation stratified by age (≤45 vs >45) and region (US vs ROW). ‡Continued monitoring occurs if B cells are not repleted.

Page 47: OPERA I and II

ORATORIO: Study objectives and endpoints

Objectives

•  To evaluate the efficacy and safety of ocrelizumab compared with placebo in patients with PPMS

Primary endpoint

•  12-week confirmed disability progression (CDP)

Key secondary endpoints

•  24-week CDP

•  Timed 25-foot walk (baseline to Week 120)

•  T2 lesion volume (baseline to Week 120)

• Whole brain volume (Week 24 to Week 120)

Montalban X, et al. AAN 2015; Poster P7.017.

Page 48: OPERA I and II

244 488

Randomised

239 486

Treated

80 (33% of treated)

96 (20% of treated)

Withdrawn at clinical cut-off date

45 (56% of

withdrawn)

61 (64% of

withdrawn)

Entered safety follow-up

Ongoing

159

(67% of treated)

390 (80% of treated)

Placebo

Ocrelizumab 600 mg

80% of patients in the ocrelizumab arm completed the ORATORIO study

Page 49: OPERA I and II

MS disease history and baseline characteristics

Placebo n=244

Ocrelizumab 600 mg n=488

Age, yr, mean (SD) 44.4 (8.3) 44.7 (7.9)

Female, n (%)  124 (50.8) 237 (48.6)

Time since symptom onset, yr, mean (SD) 6.1 (3.6) 6.7 (4.0)

Time since diagnosis, yr, mean (SD) 2.8 (3.3)  2.9 (3.2)

MS disease-modifying treatment naive, n (%) 214 (87.7) 433 (88.7)

EDSS, mean (SD) 4.7 (1.2)  4.7 (1.2)

MRI Patients with Gd+ lesions, n (%) Number of Gd+ T1 lesions, mean (SD) T2 lesion volume, cm3, mean (SD)

Normalised brain volume, cm3, mean (SD)

60 (24.7) 0.6 (1.6)

10.9 (13.0) 1469.9 (88.7)

133 (27.5) 1.2 (5.1)

12.7 (15.1) 1462.9 (83.9)

ITT EDSS, Expanded Disability Status Scale; Gd, gadolnium; MRI, magnetic resonance imaging; MS, multiple sclerosis; SD, standard deviation; yr, year.

Page 50: OPERA I and II

Primary endpoint: Significant reduction in 12-week CDP

24% reduction in risk of CDP

HR (95% CI): 0.76 (0.59, 0.98); p=0.0321

Time to 12-week Confirmed Disability Progression

Analysis based on ITT population; p-value based on log-rank test stratified by geographic region and age. Patients with initial disability progression who discontinued treatment early with no confirmatory EDSS assessment were considered as having confirmed disability progression. CDP, confirmed disability progression; EDSS, Expanded Disability Status Scale; HR, hazard ratio; ITT, intent to treat.

n

Placebo 244 232 212 199 189 180 172 162 153 145 136 120 85 66 46 30 20 7 2

Ocrelizumab 487 462 450 431 414 391 376 355 338 319 304 281 207 166 136 80 47 20 7

Page 51: OPERA I and II

Secondary endpoint: Significant reduction in 24-week CDP

n

Placebo 244 234 214 202 193 183 176 166 157 148 139 125 89 70 50 33 22 7 2

Ocrelizumab 487 465 454 437 421 397 384 367 349 330 313 290 217 177 144 87 50 21 7

Analysis based on ITT population; p-value based on log-rank test stratified by geographic region and age. Patients with initial disability progression who discontinued treatment early with no confirmatory EDSS assessment were considered as having confirmed disability progression. CDP, confirmed disability progression; EDSS, Expanded Disability Status Scale; HR, hazard ratio; ITT, intent to treat.

Time to 24-week Confirmed Disability Progression

25% reduction in risk of CDP

HR (95% CI): 0.75 (0.58, 0.98); p=0.0365

Page 52: OPERA I and II

n

Placebo 239 233 228 230 218 211 207 196 190 180 174

Ocrelizumab 473 460 454 454 450 435 432 425 419 412 397

29% reduction vs placebo

p=0.0404*

Secondary endpoint: Significant reduction in the progression rate of walking time

*Analysis based on ITT population; p-value based on ranked ANCOVA at 120-week visit adjusted for baseline timed 25-foot walk, geographic region and age with missing values imputed by LOCF. Point estimates and 95% CIs based on MMRM analysis on log-transformed data adjusted for baseline timed 25-foot walk, geographic region and age. CI, confidence interval; HR, hazard ratio; ITT, intent to treat; LOCF, last observation carried forward.

Percent Change in Timed 25-Foot Walk From Baseline to Week 120

% C

hang

e fr

om

Ba

selin

e W

alk

ing

Tim

e

(Me

an,

95%

CI)

Page 53: OPERA I and II

Secondary endpoint: Significant reduction in T2 lesion volume from baseline to Week 120

n

Placebo 234 233 220 183

Ocrelizumab 464 459 454 400

p<0.0001*

On placebo, T2 lesion volume increases by 7.4% Ocrelizumab 600 mg decreases T2 lesion volume by 3.4%

*Analysis based on ITT population; p-value based on ranked ANCOVA at 120-week visit adjusted for baseline T2 lesion volume, geographic region and age with missing values imputed by LOCF. Point estimates and 95% CIs based on MMRM analysis on log-transformed data adjusted for baseline T2 lesion volume, geographic region and age. CI, confidence interval; ITT, intent to treat; LOCF, last observation carried forward.

% C

hang

e fr

om

Ba

selin

e T

2 Le

sio

n V

olu

me

(M

ea

n, 9

5% C

I)

Page 54: OPERA I and II

Secondary endpoint: Significant reduction in the rate of whole brain volume loss

n

Placebo 203 200 150

Ocrelizumab 407 403 325

17.5% reduction vs placebo

p=0.0206*

Percent Change of Whole Brain Volume from Week 24 to Week 120

*Analysis based on ITT population with week 24 and at least one post-week 24 assessment; p-value based on MMRM at 120 week visit adjusted for week 24 brain volume, geographic region and age. CI, confidence interval; ITT, intent to treat.

-1.1%

-0.90%

Page 55: OPERA I and II

n (%) Placebo (n=239)

Ocrelizumab 600 mg (n=486)

Overall patients with ≥1 AE 215 (90.0) 462 (95.1)

Infections and Infestations* Nasopharyngitis Urinary tract infection Influenza Upper respiratory tract infection Bronchitis Gastroenteritis

162 (67.8) 65 (27.2) 54 (22.6) 21 (8.8) 14 (5.9) 12 (5.0) 12 (5.0)

339 (69.8) 110 (22.6) 96 (19.8) 56 (11.5) 53 (10.9) 30 (6.2) 20 (4.1)

Injury, Poisoning and Procedural Complications 104 (43.5) 263 (54.1)

Musculoskeletal and Connective Tissue Disorders 98 (41.0) 181 (37.2)

Nervous System Disorders 79 (33.1) 174 (35.8)

General Disorders and Administration-site Conditions 60 (25.1) 130 (26.7)

Gastrointestinal Disorders 60 (25.1) 126 (25.9)

Psychiatric Disorders 59 (24.7) 89 (18.3)

Skin and Subcutaneous Tissue Disorders 44 (18.4) 99 (20.4)

Respiratory, Thoracic and Mediastinal Disorders 35 (14.6) 87(17.9)

Metabolism and Nutrition disorders 28 (11.7) 56 (11.5)

Renal and Urinary Disorders 30 (12.6) 51 (10.5)

Vascular Disorders 26 (10.9) 54 (11.1)

Investigations 20 (8.4) 58 (11.9)

*For Infections and Infestations SOC only: events reported by at least 5% of patients in one treatment arm are presented

AEs by system organ class reported by ≥10% of patients in either treatment arm until clinical cut-off date

AE, adverse event; SAE, serious adverse event.

Page 56: OPERA I and II

SAEs by system organ class reported by ≥1% of patients in either treatment arm until clinical cut-off date

n (%) Placebo (n=239)

Ocrelizumab 600 mg (n=486)

Overall patients with ≥1 SAE 53 (22.2) 99 (20.4)

Infections and Infestations 14 (5.9) 30 (6.2)

Injury, Poisoning, and Procedural Complications 11 (4.6) 19 (3.9)

Nervous System Disorders 9 (3.8) 18 (3.7)

Neoplasms Benign, Malignant and Unspecified (including cysts and polyps) 7 (2.9) 8 (1.6)

Gastrointestinal Disorders 3 (1.3) 10 (2.1)

Musculoskeletal and Connective Tissue Disorders 6 (2.5) 6 (1.2)

General Disorders and Administration-site Conditions 3 (1.3) 6 (1.2)

Renal and Urinary Disorders 3 (1.3) 5 (1.0)

SAE, serious adverse event.

Five deaths were reported: •  1 (0.4%) in the placebo arm: road traffic accident •  4 (0.8%) in the ocrelizumab arm: pulmonary embolism, pneumonia, pancreas carcinoma,

pneumonia aspiration

Thirteen malignancies were reported: •  2 (0.8%) in the placebo arm: one cervix adenocarcinoma in situ and one basal cell carcinoma •  11 (2.3%) in the ocrelizumab arm: four breast cancers, one endometrial adenocarcinoma, one

anaplastic lymphoma, one histiocytoma, one metastatic pancreas cancer, and three basal cell carcinomas

Page 57: OPERA I and II

Infusion-related reactions (IRRs) by dose and severity until clinical cut-off date

1 patient (0.2 %) withdrew from ocrelizumab treatment due to an IRR at the first infusion

Day 1 Day 15 Dose 1

Patie

nts

with

IRR

(%)

Day 1 Day 15 Dose 2

Day 1 Day 15 Dose 3

Day 1 Day 15 Dose 4

Day 1 Day 15 Dose 5

Ocrelizumab 600 mg Placebo

Mild

Moderate

Severe

Life-threatening

Mild

Moderate

Severe

Life-threatening

Page 58: OPERA I and II

Infusion-related reactions (IRRs) by dose and severity until clinical cut-off date

1 patient (0.2 %) withdrew from ocrelizumab treatment due to an IRR at the first infusion

Day 1 Day 15 Dose 1

Patie

nts

with

IRR

(%)

Day 1 Day 15 Dose 2

Day 1 Day 15 Dose 3

Day 1 Day 15 Dose 4

Day 1 Day 15 Dose 5

Ocrelizumab 600 mg Placebo

Mild

Moderate

Severe

Life-threatening

Mild

Moderate

Severe

Life-threatening

Page 59: OPERA I and II

Infusion-related reactions (IRRs) by dose and severity until clinical cut-off date

1 patient (0.2 %) withdrew from ocrelizumab treatment due to an IRR at the first infusion

Day 1 Day 15 Dose 1

Patie

nts

with

IRR

(%)

Day 1 Day 15 Dose 2

Day 1 Day 15 Dose 3

Day 1 Day 15 Dose 4

Day 1 Day 15 Dose 5

Ocrelizumab 600 mg Placebo

Mild

Moderate

Severe

Life-threatening

Mild

Moderate

Severe

Life-threatening

0

Page 60: OPERA I and II

Infusion-related reactions (IRRs) by dose and severity until clinical cut-off date

1 patient (0.2 %) withdrew from ocrelizumab treatment due to an IRR at the first infusion

Day 1 Day 15 Dose 1

Patie

nts

with

IRR

(%)

Day 1 Day 15 Dose 2

Day 1 Day 15 Dose 3

Day 1 Day 15 Dose 4

Day 1 Day 15 Dose 5

Ocrelizumab 600 mg Placebo

Mild

Moderate

Severe

Life-threatening

Mild

Moderate

Severe

Life-threatening

0

Page 61: OPERA I and II

Day 1 Day 15 Dose 1

Patie

nts

with

IRR

(%)

Day 1 Day 15 Dose 2

Day 1 Day 15 Dose 3

Day 1 Day 15 Dose 4

Day 1 Day 15 Dose 5

Ocrelizumab 600 mg Placebo

Mild

Moderate

Severe

Life-threatening

Mild

Moderate

Severe

Life-threatening

1 patient (0.2 %) withdrew from ocrelizumab treatment due to an IRR at the first infusion

Infusion-related reactions (IRRs) by dose and severity until clinical cut-off date

Page 62: OPERA I and II

In ORATORIO, ocrelizumab was effective in PPMS and had an overall safety profile similar to placebo

•  ORATORIO data show that B cells may play a role in PPMS pathophysiology

•  Initial analysis showed that, compared with placebo, ocrelizumab significantly reduced:

•  12- and 24-week CDP

•  Change in timed 25-foot walk

•  Change in T2 lesion volume

•  Brain volume loss

•  Throughout the mean treatment duration of approximately 3 years, ocrelizumab showed a favourable safety profile:

•  Overall, the proportion of patients experiencing AEs and SAEs associated with ocrelizumab, including serious infections, was similar to placebo

•  Most common adverse events were mild-to-moderate infusion-related reactions

•  Complete safety analyses are ongoing, including investigation of imbalance in malignancies

AE, adverse event; CDP, confirmed disability progression; PPMS, primary progressive multiple sclerosis; SAE, serious adverse event.

Page 63: OPERA I and II

Q&A

63

Karl Mahler Head of Investor Relations, Roche

63

Page 64: OPERA I and II

Doing now what patients need next

64