Syncona Regulatory News (SYNC)

Syncona Limited

Beacon presents data from AGTC-501 in XLRP

4 December 2023

Syncona Ltd, a leading life science investor focused on creating, building and scaling a portfolio of global leaders in life science, notes that its portfolio company, Beacon Therapeutics ("Beacon"), has presented unmasked three-month data from the Phase II SKYLINE trial of its AAV viral vector-based gene therapy AGTC-501 in X-Linked Retinitis Pigmentosa (XLRP), at the FLORetina ICOOR 2023 Congress in Rome.

Highlights from the presentation include:

· Encouraging efficacy profile with robust and statistically significant improvement in retinal sensitivity, the primary endpoint for the trial; 75% (6/8) response rate in the higher dose cohort

· Data underlines the favourable safety profile of AGTC-501, with no clinically significant safety events related to the therapy

Beacon expects to present 12-month data from the SKYLINE trial in H1 CY2024, as well as commence the pivotal Phase II/III VISTA trial. 24-month data from the SKYLINE trial is expected to be presented in H2 CY2024.

Chris Hollowood, Chief Executive Officer of Syncona Investment Management Limited, said: "This data released by Beacon from the SKYLINE trial underlines the potential of the company's lead AGTC-501 therapy in slowing the progression of XLRP, a devastating disease where patients become legally blind in their mid-40s. We are pleased to see the Beacon team continue to make significant progress as they progress towards key milestones, including the upcoming initiation of a pivotal trial. We also look forward to seeing further longer-term efficacy read-outs from SKYLINE in 2024, which will be key to demonstrating the durability profile of AGTC-501."

The presentation can be accessed on Beacon's investor website at https://www.beacontx.com/press-releases/ and the full text of the press release from the company is contained below.

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Copies of this press release and other corporate information can be found on the company website at: www.synconaltd.com

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Beacon Announces Unmasked Three-Month Data from Phase 2 SKYLINE Trial of AGTC-501 for X-Linked Retinitis Pigmentosa

· Encouraging efficacy profile with significant improvement in retinal sensitivity in higher dose cohort

· Favourable safety profile with no clinically significant safety events related to the therapy

· Further 12-month data from the Phase 2 SKYLINE trial to be presented in H1 2024

· Pivotal Phase 2/3 VISTA trial for AGTC-501 in XLRP expected to initiate in H1 2024

London, UK, Cambridge, MA, 4 December 2023 - Beacon Therapeutics Holdings Limited ('Beacon Therapeutics' or 'the Company'), a leading ophthalmic gene therapy company with a purpose to save and restore the vision of patients with blinding retinal diseases, announces that it presented unmasked three-month data from its randomized, controlled, multicenter Phase 2 SKYLINE trial of AGTC-501 in patients with X-linked retinitis pigmentosa (XLRP) at the FLORetina ICOOR 2023 Congress in Rome, held between 30 November - 3 December, 2023.

XLRP is an Orphan Disease affecting approximately 17,000 patients in the US and EU5. It is predominantly caused by mutations in the retinitis pigmentosa GTPase regulator (RPGR) gene. Unlike other approaches in the space, AGTC-501 expresses the full length RPGR protein, thereby addressing the entirety of photoreceptor damage caused by XLRP, including both rod and cone loss.

The data demonstrated robust improvements in retinal sensitivity, the trial's primary efficacy endpoint. Responses were seen in 6 out of 8 patients from the high dose cohort (75% response rate), and in 1 out of 6 patients in the low dose cohort (16.7% response rate), three months post-dosing. The Company considers a responder to be a patient who has an improvement in retinal sensitivity as assessed by microperimetry of at least 7 decibels (dB) in at least 5 loci. It is also notable that in the high dose cohort the mean retinal sensitivity of the entire macula increased, with change from baseline being a secondary endpoint in the trial.

AGTC-501 was also found to be generally well-tolerated in this trial with no serious adverse events (SAEs) attributed to the study agent. The majority of non-serious adverse events (AEs) were mild to moderate in severity, with no difference found between the two dose levels.

Beacon expects to initiate the pivotal Phase 2/3 VISTA trial of AGTC-501 in H1 2024, as well as present 12-month data from the SKYLINE trial, with the 24-month interim analysis from the Phase 1/2 HORIZON trial already supporting the durability profile of the therapy.

Presentation - Subretinal Gene Therapy Drug AGTC-501 for X-Linked Retinitis Pigmentosa Phase 2 Randomized, Controlled, Multicenter Clinical Trial (Skyline) 3-Month Results

Presenter - Andreas K. Lauer, MD, Thiele-Petti Endowed Chair and Professor Casey Eye Institute - Oregon Health & Science University Portland, Oregon, United States

The presentation took place on Saturday, 2 December 2023.

Dr. Nadia Waheed, Chief Medical Officer of Beacon Therapeutics, commented: "We are pleased to present further data from AGTC-501, a therapy for patients suffering from XLRP, a blinding condition for which there is currently no approved treatment. This data underlines the strong efficacy and safety profile of the therapy. We look forward to presenting further 12-month data from the trial early next year, as well as commencing the Phase 2/3 VISTA trial, bringing us closer to our ambition to change the lives of patients with a devastating blinding condition."

Contacts:

Beacon Therapeutics: David Fellows, CEOEmail: info@beacontx.com

About Beacon Therapeutics

Beacon Therapeutics is an ophthalmic gene therapy company founded in 2023 to save and restore the vision of patients with a range of prevalent and rare retinal diseases that result in blindness.

The Company has an established scientific foundation that combines a late-stage development candidate to treat X-linked retinitis pigmentosa (XLRP), as well as two preclinical programs, one targeting dry age-related macular degeneration (AMD) and another in-licensed from the University of Oxford targeting cone-rod dystrophy (CRD), an inherited retinal disease.

Lead development candidate AGTC-501, is a gene therapy program in Phase 2 clinical trials for the treatment of XLRP, an inherited monogenic recessive disorder that causes progressive vision loss in boys and young men. XLRP is predominantly caused by mutations in the retinitis pigmentosa GTPase regulator (RPGR) gene. AGTC-501 expresses the full length RPGR protein, thereby addressing the full complement of photoreceptor damage caused by XLRP, including both rod and cone loss.

Beacon Therapeutics also has access to a target generation technology platform that will identify, screen, and search secreted proteins in the ophthalmology space.

The Company is supported by funds from Syncona and additional investors including Oxford Science Enterprises.

Find out more about us online at: www.beacontx.com.