Oxford BioTherapeutics Announced Partner Boehringer Ingelheim Dosed First Patient in Phase 2 Trial With BI 764532 in Small Cell Lung Cancer and Other Neuroendocrine Cancers

BI 764532 was discovered using OBT’s proprietary OGAP® platform, the world's largest,

cancer specific, membrane protein library used to identify novel, high specific antigens for

cancer targets

Oxford, UK, San Jose, Calif., 24th October 2023 - Oxford BioTherapeutics (OBT), a clinical stage

oncology company with a pipeline of immuno-oncology and antibody-drug conjugate (ADC)-based

therapies, today announces that partner Boehringer Ingelheim dosed the first patient in a Phase 2 trial

investigating BI 764532 (OBT620) for the treatment of small cell lung cancer (SCLC) and other

neuroendocrine cancers.

The Phase 2 study, ‘DAREON™

-5’ (NCT05882058) evaluating two doses of BI 764532 in patients with relapsed/refractory extensive-stage SCLC and other

is an open-label, multi-centre, dose-selection study

relapsed/refractory neuroendocrine carcinomas.

BI 764532 is an investigational T-Cell engager that might selectively redirect T cells (type of white blood

cells called lymphocytes which help the immune system fight disease) towards the cancer cells

expressing the DLL3 protein. DLL3 is minimally expressed in normal tissue but expressed in 80-85% of

SCLC tumors, and approximately 77% of neuroendocrine carcinomas (NECs)1 making DLL3 an ideal

therapeutic target for these two indications of high unmet medical need.

Christian Rohlff, PhD, Chief Executive Officer of Oxford BioTherapeutics, said: “The start of this Phase

2 trial with BI 764532, the most advanced candidate with our partner Boehringer Ingelheim which was

discovered using our proprietary OGAP® platform, is a major milestone for OBT. The progression to

Phase 2 development and recent US FDA fast track designation, validates the power of our platform

and discovery capabilities to identify targets that kick start the development of impactful therapeutics,

particularly for patient populations with poor prognoses and a significant unmet need. Patients with

neuroendocrine carcinomas, including small cell lung cancer, have a 5-year survival rate of

approximately 13%. We hope that we can continue to make excellent progress with the other programs

under the partnership to deliver life changing treatments for this patient population and other cancer

patients in need of new treatments.”

“At Boehringer Ingelheim, we have a clear aspiration – to transform the lives of people with cancer by

delivering meaningful advances, with the ultimate goal of curing a range of cancers. Making our

ambition reality requires a diversity of minds. Therefore, partnerships like these are vital to address

some of the most challenging, but potentially most impactful, areas of cancer research.” said Mike

Akimov, Head of Medicine, Therapy Area Oncology, Boehringer Ingelheim.

BI 764532 was discovered using OBT’s proprietary OGAP® drug discovery platform and Boehringer

Ingelheim’s longstanding expertise in oncology through a successful partnership initiated in 2013. The

companies announced a second collaboration in 2020 which was further extended in May 2023.

1. Hipp: BI 764532 preclinical paper (CCR 2019) – data on file***

*Further information can be found in the article ‘Transforming cancer care through targeted

immunotherapy for DLL3-positive carcinomas’ on Boehringer Ingelheim’s website.

About Oxford BioTherapeutics

Oxford BioTherapeutics (OBT) is a clinical stage oncology company with a pipeline of first-in-class

immuno-oncology (IO) and antibody-drug conjugate (ADC) based therapies designed to fulfil major

unmet patient needs in cancer therapeutics. These include bispecific, Chimeric Antigen Receptor T Cell

(CAR-T), Antibody Drug Conjugate (ADC) and Antibody Dependent Cell-mediated Cytotoxicity (ADCC)

therapeutics.

OBT's first clinical program, OBT076, initiated expansion in a US Clinical Trial in 2021 in patients with

advanced or refractory solid tumors, including gastric, bladder, ovarian and lung cancer, where CD205

is overexpressed. Infiltration of tumors by immunosuppressive cells correlates with adverse outcomes

(lower progression free and overall survival), suggesting that this process contributes to the

progression of several cancers.

OBT’s proprietary OGAP® target discovery platform is based on one of the world’s largest proprietary

cancer membrane proteomic databases, with data on over 5,000 cancer cell proteins providing

unique, highly qualified oncology targets, of which three programs are in clinical development in the

US and Europe. OBT's IO discovery process provides unique insights into the cancer-immune cell

synapse and has identified several novel IO monoclonal and bispecific antibody candidates for cancer

therapies.

OBT’s pipeline and development capabilities have been validated through multiple strategic

partnerships including with Boehringer Ingelheim, ImmunoGen and our cell therapy research

collaboration with Kite Pharma as well as other world leaders in antibody development (such as

Amgen, WuXi, Medarex (BMS), Alere (Abbott) and BioWa). OBT has a strong oncology focused

management team and board with significant experience in developing IO and antibody-based

therapies.

For more information on Oxford BioTherapeutics, please visit www.oxfordbiotherapeutics.com/ and

follow us on LinkedIn.

Contacts

For OBT

Investors:

Dr Christian Rohlff, CEO

christian.r@oxfordbiotherapeutics.com

Media:

MEDiSTRAVA Consulting

Sylvie Berrebi, Sandi Greenwood, Erica Hollingsworth

E : OBT@medistrava.com

T : +44 (0) 203 928 6900