Analyst Event
Thursday, June 20, 2013
The Westin New York Grand Central Hotel
New York, NY
Note Regarding Forward-Looking Statements

The presentations set forth herein contain forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. The forward-looking statements including, among others, statements regarding
expectations as to regulatory approvals, market opportunity for the Company’s product candidates,
goals as to product candidate development and timing of our clinical trials, are based on the
Company s current intent, belief and expectations. These statements are not guarantees of future
performance and are subject to certain risks and uncertainties that are difficult to predict. Actual
results may differ materially from these forward-looking statements because of the Company s
unproven business model, its dependence on new technologies, the uncertainty and timing of clinical
trials, the Company s ability to develop and commercialize products, its dependence on collaborators
for services and revenue, its substantial indebtedness and lease obligations, its changing
requirements and costs associated with planned facilities, intense competition, the uncertainty of
patent and intellectual property protection, dependence on key management and key suppliers, the
uncertainty of regulation of products, the impact of future alliances or transactions and other risks
described in the Company s filings with the Securities and Exchange Commission. Existing and
prospective investors are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of today s date. The Company undertakes no obligation to update or revise the
information contained in this presentation whether as a result of new information, future events or
circumstances or otherwise.
Agenda & Speakers
Supply and Technology Transfer Agreement in Brazil
Dr. David Aviezer, President and CEO, Protalix Biotherapeutics
Commercial Update on Elelyso / Uplyso for Gaucher Disease
Vera Wu, Global Asset Lead, Elelyso/Uplyso, Pfizer
PRX-102 for Fabry Disease
Dr. Gregory Pastores, Associate Professor, Neurology and Pediatrics, NYU School of Medicine
Dr. Einat Almon, Senior Vice President, Product Development, Protalix Biotherapeutics
Oral GCD for Gaucher Disease
Dr. Yoseph Shaaltiel, Executive Vice President, Research and Development, Protalix Biotherapeutics
Prof. Ari Zimran, Director, Gaucher Clinic, Shaare Zedek Medical Center, Jerusalem
Preclinical Pipeline Candidates PRX-106, PRX-110 & PRX-107
Prof. Yaron Ilan, Director, Department of Medicine, Hebrew University Hadassah Medical Center
Dr. Yoseph Shaaltiel, Executive Vice President, Research and Development, Protalix Biotherapeutics
Q&A Session
Supply and Technology Transfer
Agreement in Brazil

Dr. David Aviezer, President and CEO, Protalix
Biotherapeutics
Gaucher Market in Brazil
! 

~600 patients treated

! 

~US$65M market per year

! 

Additional untreated patients

! 

Enzyme therapy is fully paid for by the Brazilian Ministry of Health

! 

Currently two enzymes are available:
! 
! 

Cerezyme
Uplyso
Supply and Technology Transfer: Deal Description
Stage 1
! 

Protalix sells fully packaged vials to Fiocruz

Stage 2
! 
! 

Protalix sells naked vials to Fiocruz which will be labeled and packed in Brazil
Fiocruz set-ups and gets approval for a fill and finish facility

Stage 3
! 
! 

Protalix sells drug substance to Fiocruz, which they will lyophilize, label and
package into vials
Fiocruz builds a validated manufacturing facility for UPLYSO

Stage 4
! 
! 
! 
! 

Protalix establishes cell technology for Uplyso in Brazil
Fiocruz conducts clinical trials with drug produced in their facility
Fiocruz applies for approval of the facility and drug with ANVISA
Protalix establishes cell bank for Uplyso in Brazil
Deal Description Cont…

! 

Throughout the entire agreement, Fiocruz will support and
distribute Uplyso in Brazil

! 

Upon completing all four stages, Fiocruz will be able to
produce Uplyso for the Brazil market on its own

! 

After the technology transfer is complete, Protalix will receive
mid-single digit royalties on net sales by Fiocruz
Financial Benefits of the Deal
! 

Creates partnership with one of worlds growing economies

! 

Lucrative economics and steady cash flow for Protalix

! 

Ability to generate visible, meaningful revenues on limited
operational expenses

! 

Relatively short penetration period into the market

! 

Eliminates the need to participate in bids

! 

Secures prices over a long period
Commercial Update on
Elelyso / Uplyso for Gaucher Disease

Vera Wu, Global Asset Lead, Elelyso/Uplyso, Pfizer
Elelyso / Uplyso Update

U.S.

Mexico

Brazil

Chile

11
Fabry disease
Diagnosis and Management
Gregory M. Pastores, MD
NYU School of Medicine
New York, NY
Fabry Disease
Angiokeratoma corporis diffusum

Johann Fabry (Germany)
1860-1930
Fabry disease
Alpha-Galactosidase deficiency

a-Galactosidase A

Gb3

• Zebra bodies found in several types of cells: endothelial cells, pericytes,
macrophages, fibroblasts, sweat gland cells, smooth muscle cells,
glomerular epithelial cells, neuronal cells
Lyso-Gb3

Aerts JM, et al. Proc Natl Acad Sci U S A. 105(8):2812,2008
Fabry disease:
Clinical expression
Cardiomyopathy
Arthytmia
Obstructive
airway disease

Cerebrovascular events:
TIA, Stroke
Hearing loss
Cornea Verticillata

Gastrointestinal
problems
Renal
insufficiency

Acroparesthesia
Angiokeratoma
Fabry disease: Clinical course
Cardiac
Problems

Pain

Renal
Dysfunction

Angiokeratoma
CNS
Problems

Disease
Course
Abdominal
Problems

Renal
Failure

Death

Age
Fabry disease: Renal pathology
From storage to glomerulosclerosis
Kaplan-Meier analysis:

Probability of developing chronic renal insufficiency,
analyzed by residual α-Gal A activity

Branton M et al. JASN 13:S139, 2007
ΔGFR on ERT in male FD patients,
stratified according to baseline GFR.

West M et al. JASN 20:1132,2009
Fabry nephropathy:
Natural history

Warnock D G et al. CJASN 5:371,2010
Rates of DGFR in patient with Fabry disease
with or without ( ) ERT

West, M. et al. J Am Soc Nephrol 20:1132-1139,2009
Fabry disease: Cardiovascular disease

Perinuclear vacuoles (storage)
and hypertrophy of cardiomyocytes
Gb3 <2%

Longitudinal strain curves; showing
overall reduced deformation and
markedly reduced systolic and
postsystolic deformation in the basal
(infero)-lateral segment
Fabry disease: Cardiovascular disease

Concentric LVH (wall thickness 16 mm).
Diastolic dysfunction with an abnormal
mitral valve inflow pattern (C);
impaired longitudinal systolic function
on tissue Doppler imaging (D).

Concentric LVH (wall thickness 20 mm)
Late gadolinium enhancement,
inferolateral wall from base to
midventricle; sparing the endocardium.
Fabry disease:
Cerebrovascular disease
Cerebrovascular Lesions

T1-weighted MRI

Head CT

CBF map
Fabry disease :
Age adjusting severity scores

Predicted FOS-MSSI Score

Predicted FOS-MSSI Score

Hughes DA, et al. Mol Genet Metab. 101(2-3):219,2010
Fabry disease
Summary
•  Fabry disease is a complex multi-systemic disorder, associated with
significant disease burden and shortened lifespan; affecting both males
and female, and with symptom onset in childhood
•  There are currently two enzyme formulations, which indicate clinical
benefit for certain patient groups, using different regimens
•  Interestingly, time on therapy appears to have a greater influence on mid
term outcome (up to 10 years), rather than enzyme dose; although this
needs to be examined in larger cohorts. Moreover, there is a need to
stratify patients in according to disease severity at baseline, which
appears to be a major determinant of outcome
•  Cardiac and cerebrovascular disease continue to be major drivers of
morbidity, and renal insufficiency is progressive for those with advanced
stages and significant proteinuria
•  Antibodies against the infused enzyme, appears to be neutralizing in some
cases; based on increased substrate (GL3) excretion,; athough there is no
evidence at this time of an adverse influence on outcome
PRX-102 for Fabry Disease
Dr. Einat Almon, Senior Vice President, Product
Development, Protalix Biotherapeutics
PRX-102 - A Plant Cell Expressed,
Chemically Modified, Human
α-Galactosidase for the Treatment of
Fabry Disease
Fabry Disease
Accumulation of Gb3 (α-Galactosidase-A substrate) in lysosomes

Increased risk of stroke

Hypertension and
cardiomyopathy

Renal insufficiency and renal failure
Outcome: Poor quality of life - Death
Source: Adopted from Najafian et al., Kidney Int. 2011
α-Galactosidase-A
!  A non-covalently linked homo-dimer of 398aa each (~96 KDa)
!  A lysosomal hydrolase that cleaves a terminal galactose from
glycolipids/glycoproteins

Gb3

α-Galactosidase-A
Fabry Disease Market

!  Annual cost of treatment ~$250,000/patient
!  Prevalence – between 1:40,000 – 1:120,000
!  Diagnosis rate is rapidly growing (CAGR = 12.8%)
!  Market size (2012): ~$900M
2012 Fabry Market share

Replagal
$497M
56%

Fabrazyme
$388M
44%
Product Rationale
Currently available treatment:

!  Fabrazyme® (Genzyme)
!  Replagal® (Shire) - Not approved in the US
!  Both mimic the natural non-covalently bound homo-dimer
!  Marketed products' half-life is a few minutes long
!  Not all clinical parameters sufficiently addressed
Protalix approach:
Objective:

!  Develop a Bio-Better enzyme with superior clinical effect
Method:

!  Generation of a stable dimer via covalent cross-linking
PRX-102 Product Description
The chemical modification:
! 

Both protein sub-units are PEGylated , resulting in a covalently
bound active and stable dimer

Advantages:
! 
! 
! 

Improved stability
Longer circulatory half life
Enhanced uptake and activity in target organs

PRX-102 properties can potentially lead to:
! 
! 

Better clinical efficacy
Different regimen
PRODUCT PROFILE
PRX-102 Characterization
Western Blot
Batch #
Unmodified
Protein

Cross-linked
Protein

1

2

3

SDS -PAGE
1

2 3
PRX-102 Enzyme Kinetics
Reaction Rate (µM/min)

Michaelis Menten Kinetics
3

2

1

PRX102

0

2

4

6

8 10 12 14 16 18 20 22 24 26

pNP-alpha-D-Galactpyranoside (mM)

Sample !

KM (µM) !

Vmax (µM/
min)!

Replagal®

4443

3.31

52.96

0.011!

PRX-102 !

3285

3.72

59.53

0.018

kcat (sec-1)! kcat /KM (sec-1* mM-1)!

PRX-102 exhibits similar kinetic properties
compared to commercial enzyme
PRX-102 Uptake into Fabry Cells
PRX-102 localization in the lysosome of human Fabry patient fibroblast cells

Anti-Gal (red) - PRX-102

PRX$102

Lamp 2 (green) - Lysosome

lysosomal
marker
(Lamp2)

Dapi (blue) - Nuclei

Nuclei

Merge
Glycosylation Pattern of PRX-102 Vs. Fabrazyme
Glucose,Units
4

5

6

7

8
6

9

10

Mannose

8

Mannose

N-acetylglucosamine

4
3

Xylose

2

Linkage position

Fucose

PRX102

α linkage

M4
X

β linkage

Fc(3)M3X

N -acetylglucosamine
Xylose
Fucose

Unknown β linkage

Sialic Acid
αlinkage
β linkage
M4
Fc(3)M3

6

M8

Fc(3)XA1

Fluorescence

3

M3X

M7

M5

A1X

M9

Fabrazyme
F(6)A2G2S1
+

M5A1G1S1

A2G2S2

A2G2S1
A2G2S1

F(6)A1G1S1

F(6)A2G2S1

F(6)A3G3S1

F(6)A2G1S1
F(6)A2G2S2
A1G1S1

F(6)A1G1S1
A2G2

F(6)A3G3S3

M5

F(6)A3G3S2

60

70

80

90

Minutes

100

2

Linkage position

M6

M7

8

4

110

120
PRE-CLINICAL STUDIES
Improved PK
Prolonged circulatory half-life in Fabry mouse model

Half-life (t½)
Commercial - 13 min
PRX-102 - 581 min
Bio-Distribution and Efficacy of PRX-102 in
Fabry Mice Following Repeat Dosing
Experiment
Four injections, once every two weeks with 2mg/kg
of either PRX-102 or placebo

Gb3 clearance from target tissues following
repeated administration of PRX-102
Improved In-vivo Activity
PRX-102 Vs. Replagal
Experiment
Single injection of 2mg/kg of either PRX-102 or Replagal

PRX-102 exhibits higher activity levels in target
organs over time in Fabry mice
PRX-102 Toxicology Studies
Design:
!  Six month studies in two animal species : mice and cynomolgus monkeys
!  GLP Tox and TK studies in both species:
-  Three doses (1X (2mg/kg), 5X and 20X of maximal clinical dose)
-  IV every two weeks
Tox results:
!  No systemic toxicity was observed in either species
!  No safety concerns in monkeys at 20x dose "doses up to 2 mg/kg in
patients should be well tolerated
!  The data support long term clinical trials
CLINICAL DEVELOPMENT
Proposed Clinical Development Plan
Phase 1/2 study
Open Label, Dose Ranging

!  Patients who complete the study will be offered the opportunity to
enroll in an extension study

Phase 3 Pivotal Study
Double Blind, Active Controlled

!  Patients who complete the study will be offered the opportunity to
enroll in an extension study
Phase 1/2:
! 
! 

18 adult men and women patients (6/group),
IV infusion once every two weeks

! 

Three doses (0.2mg/Kg,1mg/Kg, 2mg/Kg)

! 
Duration - 12 weeks (7 infusions, 3 months)
Extension study:
! 
! 

18 patients, IV infusion once every two weeks, at same doses as in
Phase 1/2
Duration - 38 weeks (20 infusions, 9 months)

Study evaluation
! 

Gb3 in urine and blood, lyso-Gb3 in blood, pain, cardiac MRI

! 

Skin and kidney biopsies (after 6 months)

Month = 0

3
Phase 1/2

12

6
Extension study
PRX-102 Clinical Development Status

! Ongoing phase I/II trial in Fabry patients (under IND)
! Current recruiting sites:
! 

Three sites in the United States

! 

One site in South America

! 

One site in the United Kingdom

! 

One site in Australia

! Additional sites pending
Oral GCD for Gaucher Disease

Dr. Yoseph Shaaltiel, Executive Vice President,
Research and Development, Protalix
Biotherapeutics
PRX-112 - Oral Delivery of Plant
Glucocerebrosidase (prGCD) for
the Treatment of Gaucher Disease
Oral Delivery of Therapeutic Proteins
The plant cell advantage:

!  The concept: Plant cell wall (cellulose) serves as protective agent
against the gastric environment
!  Can serve as a natural vehicle for oral administration

Three requirements for oral delivery of protein therapeutics:

!  Protein must survive the gastric environment
!  Protein must be released into the intestine from the cells
!  Protein must be able to cross the intestinal wall and remain active
Ability to Survive the Gastric Environment
Various proteins naturally encapsulated in plant cells
were incubated in a “simulated gastric fluid” to asses the
protective nature of the plant cell wall

High
pH!gradient!
Low
!
!!
Time!(min)!
!!!1!!!!!!!10!!!!30!!!!!!!1!!!!!!10!!!!30!!!!!!1!!!!!10!!!!!30!!!!!!!!!!!!!1!!!!!10!!!!30!!!!!!!1!!!!!10!!!30!!!!!1!!!!10!!!!!!30!!!!!!!!standard!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!
!
!!!!!!!!!
!
!
!!!!!!!!!!!!!!!!50!25!12.5
Standards!(ng/ml)
Protein!!
in!cells
Purified!!
protein
Cellular Assay That Mimics Crossing the Epithelial Barrier

Protein is added to upper chamber

Upper chamber medium:
Simulated intestinal fluid

CaCo-2 epithelial cells on membrane
Lower chamber medium:
HBSS pH 7.4 + 4% BSA
Protein absorption is tested
Crossing the Epithelial Barrier (Caco-2 cell model)
2. Time lapse:
Protein added to chamber.
Transcytosis is measured after the
indicated times at 37°C

1. Dose response:
Protein added to chamber at different
concentrations. Transcytosis is
measured after 2 hours at 37°C

6

Protein activity in the
basolateral chamber

Protein activity in the
basolateral chamber

7
5
4
3
2
1
0
X
2.5X
5X
Protein added to the apical chamber

16
14
12
10
8
6
4
2
0
0

1

2

3
4
5
time (hours)

6

7

8
Timeline of Food Passing the Stomach

Open stomach

4.5(
4(

stomach!content!(gr)!

Stomach

3.5(
3(
2.5(
2(
1.5(
1(
0.5(
0(
0(

5(

10(

15(

@me!post!feeding!

20(

25(
1.2!

45!
colon!

1!

40!

stomach!

35!

0.8!

30!
25!

0.6!

20!

0.4!

15!
10!

0.2!

5!

0!

0!
0!

5!

10!
15!
Time!post!feeding!(hrs)!

20!

25!

GCD!ac@vity!in!stomach!!
(fold!increase!over!baseline)!

GCD!ac@vity!in!Colon!!
(fold!increase!over!baseline)!

prGCD Activity in the GI Tract
10

45

9

plasma

liver

40

8

35

7

30

6

25

5

20

4

15

3
2

10

1

5

0

0
0

5

10
15
Time post feeding (hrs)

20

25

GCD activity in liver
(percent change over baseline/gr)

GCD activity in plasma
(percent change over baseline/ml)

prGCD Activity in Plasma and Target Organs
PK Experiments in Rodents
Rats

% addition of GCD activity
Over baseline

60
50
40
30
20
10
0
0

2

4

6

8

10

12

Time post feeding (hours)

!  Rats were fed lyophilized plant cells expressing prGCD
!  Animals were assayed for the presence of prGCD in their plasma
% addition of GCD activity
Over baseline

PK experiments in Large Animals
Pigs

60
50
40
30
20
10
0
0

1

2

3

4

5

6

Time post feeding (hours)

7

8

9

!  Animals were fed lyophilized plant cells expressing prGCD
!  Animals were assayed for the presence of prGCD in the plasma
for several hours post feeding
prGCD Feeding Experiment in Rats

GCD activity mg/gr tissue

Experiment plan:
#  Rats were fed with lyophilized carrot cells +/- prGCD;
#  Amounts of cell consumption were recorded
#  Feeding duration: twice with a six-hour interval
#  2 hours following 2nd feeding, prGCD activity was measured in extracted organs
4(

liver(

4(
3(

spleen(

3(
2(
2(
1(
1(
0(
$1(

Control!(K)!

(K)!AC!
prGCD

Active prGCD is found in target organs after feeding
prGCD Activity in Target Organs

Rats liver

70
60
50
40
30
20
10
0
-10
-20

80

control

feeding

% GCD activity addition over the control

% GCD activity addition over the control

80

Pigs liver

70
60
50
40
30
20
10
0
-10
-20

control

feeding
Summary
Animal studies of Oral prGCD demonstrate the following:
#  Absorbance
#  Active

of GCD in the plasma (PK)

prGCD detected in Gaucher target organs in-vivo
Oral!Delivery!of!
prGCD!for!the!
treatment!of!
Gaucher!Disease!
Prof.(Ari(Zimran(
Director,(Gaucher(Clinic(
Shaare(Zedek(Medical(Center(
Jerusalem,(Israel(
Disclosure!
!

Receives consultancy fees and has options in Protalix
Biotherapeutics and member of the Scientific Advisory Board;
receives support from Genzyme/Sanofi for participation in the
ICGG registry & from SHGT for GOS; honoraria; Pfizer and SHGT.

(
(
Oral!delivery!of!therapeu@cs!proteins
!  Long(Kme(goal(for(the(biopharmaceuKcal(industry(
!  Currently(very(limited(success(
!  Answers(a(desire(of(paKents(for(oral(treatment(
!  A(safe,(non(invasive(method(of(delivery(of(protein(drugs(
!  Allows(daily(intake(and(slow,(conKnuous(drug(delivery(
!  High(paKent(compliance((
Oral!ERT!for!Gaucher!disease!
ERT($(gold(standard(for(treatment(of(Gaucher(disease(
3(approved(ERTs(
!  all(safe(and(efficient(
!  all(administered(by(IV(infusion(every(2(weeks(

Advantages(of(orally(administered(ERT((
!  well$established(therapy(mechanism(
!  no(limitaKons(of(the(intravenous(administraKon((
!  conKnuous(enzyme(secreKon(to(blood(
PRXK112:!!Plant!expressed!GCD!for!oral!ERT!
!  Edible(carrot(cells(expressing(recombinant(((((((((((((((((((((((((((((((
human(glucocerebrosidase((prGCD)(
!  Same(geneKcally(modified(carrot(plant(root((((((((((((((((((((((((((((((((((
cells(from(which(the(approved(drug(Elelyso™((
!  prGCD(expressed(in(carrot(cells(((
as(a( ready(to(use (enzyme(
!  Once(in(blood,(the(enzyme(is(expected(to(act(like(the(approved(
IV(administered(Elelyso™(
!  PRX$112(carrot(cells(are(prepared(as(a(drink(for( paKent(
friendly (administraKon(
!
Protalix analyst day presentation
Protalix analyst day presentation
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Protalix analyst day presentation
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Protalix analyst day presentation
Protalix analyst day presentation
PRXK112!Phase!I!Study!Design!!
An(exploratory,(open$label(study(to(evaluate(the(safety(of(PRX$112(and(
!
pharmacokineKcs(of(oral(prGCD((plant(cell(derived(human(recombinant(
glucocerebrosidase)(in(Gaucher(paKents(
(
! Adult(Gaucher(paKents((12(in(total;(6(males(and(6(females)(
! 3(sequenKal(dose(cohorts((2(males+2(females/cohort)(
! PRX$112(cell(suspension(administered(orally(as(follows:(
# 
# 

Treatment!!Period!A:(Single((administraKon(followed(by(PK(
Treatment!!Period!B:(3(consecuKve(daily(administraKons(at(the(same(dose(
followed(by(PK(aber(last(dosing(

! Dosing(administered(with(controlled(diet((unKl(2(hours(aber(((((drug(
administraKon()(
PRXK112!Phase!I!Study!Design!!
!
Primary!Objec@ve:!
–  To(assess(the(safety(of(oral(administraKon(of(PRXK112(in(Gaucher(
paKents(

!
Secondary!Objec@ve:!
–  Determine(the(PK!of!prGCD(in(plasma(of(Gaucher(paKents(aber(
PRXK112(oral(administraKon(
PRXK112!Phase!1!study!strategy!
(
Study(aim:((
(DetecKon(of(prGCD(in(circulaKon(aber(oral(administraKon(
(
Strategy:((
! 
! 
! 
! 
! 

EvaluaKon(of(in(of(prGCD(in(plasma(of(untreated(Gaucher(paKents(
Inclusion(criteria($(no(detecKon(of(prGCD(in(plasma(
CollecKon(of(blood(samples(at(short(intervals(over(30(hrs(
Assessment(of(prGCD(in(plasma(at(each(Kme(point(
Assessment(of(prGCD(in(circulaKng(mononuclear(white(blood(cells(
PRXK112!Phase!1!study!status!
!  Study(conducted(under(Israeli(MOH(and(IRBs(approval(
!  Study(iniKated(in(Shaarei(Zedek((Jerusalem)((and(Rambam(
(Haifa)(medical(centers(
!  1st(cohort((4(paKents)(–(completed(
!  Expected(Study(compleKon(–(Q3(2013(
1st!cohort!K!Ini@al!observa@ons!
! No(drug(related(or(any(safety(events(
! Good(compliance(
! DetecKon(of(orally(administered(enzyme(in(the(
circulaKon(
The(Future(
Oral!Immune!Therapy!Using!Plant!CellKexpressed!
Recombinant!An@KTNF!Fusion!Protein!(PRXK106)

Yaron(Ilan,(M.D.(
Gastroenterology(and(Liver(Units,((
Department(of(Medicine(
Hebrew(University$Hadassah(Medical(Center(
Jerusalem,(Israel(

!

6/2013!
Forward!Looking!Statement!
Please( be( advised( that( the( informaKon( and( projecKons( provided( in( this(
presentaKon( may( include( forward$looking( statements( with( respect( to(
plans,( projecKons( or( future( performance( of( PRX$106( and( Protalix,( the(
occurrence( of( which( involves( certain( risks( and( uncertainKes( and( is( not(
under(the(control(of(the(company,(including,(but(not(limited(to,(changes(in(
regulatory( environment( and( improving( metabolic( homeostasis,( success( in(
implemenKng( its( research,( development,( sales,( markeKng( and(
manufacturing( plans,( protecKon( and( validity( of( patents( and( other(
intellectual( property( rights( and( the( effect( of( compeKKon( by( other(
companies.((

Disclosure!

I( have( financial( relaKonships( with( Protalix( and( the( content( of( my(
presentaKon(does(include(a(discussion(of(the(invesKgaKve(use(of(PRX$106.(
Oral!Immune!Therapy!Using!Plant!CellKexpressed!
Recombinant!An@KTNF!Fusion!Protein!(PRXK106!)!
PRXK106

Presented!to!the!!
Gut!associated!lymphoid!@ssue!
&!dendri@c!cells!

Target!organs!
• Bowel!
• Pancreas!
• Adipose!@ssue!
• Liver!
• Brain!

Induc@on!of!regulatory!!!
T!cells!(Tregs)!!in!
mesenteric!lymph!nodes!
A potential direct effect
following absorption
Modified(from:(Ilan(Y,(Immunology(Cell(Biology,(2009(
Orally!Administered!Plant!CellKexpressed!
Recombinant!An@KTNF!Fusion!Protein!(PRXK106)!
Alleviates!ImmuneKmediated!Hepa@@s
Orally!Administered!Plant!CellKexpressed!Recombinant!
An@KTNF!fusion!protein!(PRXK106)!Alleviates!ConA!
ImmuneKMediated!Hepa@@s

ALT
AST

u/L

7000
6000
5000
4000
3000
2000
1000
0

* *

&* &*

&* *

* p<0.02; relative to saline; & p< 0.0005, relative to negative control
# p< 0.03, relative to negative control

*
Serum&IFN*g&(pg/ml)

Orally!Administered!Plant!CellKexpressed!Recombinant!An@K
TNF!Fusion!Protein!(PRXK106)!Reduces!IFNγ!Serum!Levels
180
160
140
120
100
80
60
40
20
0

*
***

&*

#*

* p<0.05; ** p<0.00001, relative to saline; & p< 0.004, relative to negative control
# p< 0.02, relative to negative control
Orally!Administered!Plant!CellKexpressed!Recombinant!
An@KTNF!Fusion!Protein!(PRXK106)!Alleviates!ConA!
ImmuneKmediated!Hepa@@s

ConA,
Control (saline)

ConA,
Dex

ConA,
0.5µg PRX-106

ConA,
0.5µg BY2
(negative cont)
Orally!Administered!Plant!CellKexpressed!
Recombinant!An@KTNF!Fusion!Protein!(PRXK106)!
Alleviates!ImmuneKmediated!Coli@s
Orally!Administered!Plant!CellKexpressed!
Recombinant!An@KTNF!Fusion!Protein!(PRXK106)!
Alleviates!ImmuneKmediated!Coli@s
!
25.0

weught loss (%)

20.0
15.0
10.0
5.0
0.0

* p<0.02
Serum IL-10 (pg/ml)

Orally!Administered!Plant!CellKexpressed!
Recombinant!An@KTNF!Fusion!Protein!(PRXK106)!!!
Promotes!Serum!Levels!of!An@!Inflammatory!ILK10!
6000

4000

2000

0
Orally!Administered!Plant!CellKexpressed!Recombinant!An@KTNF!Fusion!
Protein!(PRXK106)!Promotes!Intrahepa@c!CD4+CD25+FoxP3+!Tregs!
Control,!saline!

BY2!+!5µg!PRXK106!

Summary!
A1

3.77

C1

9.35

A2

4.78

C2

6.12

A3

5.32

C3

9.94
Saline

0.5µg BY2- (Negative control)

BY2+ 0.5µg PRX-106
Orally!Administered!Plant!CellKexpressed!
Recombinant!An@KTNF!Fusion!Protein!(PRXK106)!For!
Diabetes,!Hyperlipidemia!And!Fady!Liver!Disease
Obesity(=(low(grade(chronic(inflammaKon(
The!metabolic!syndrome!
!!!!!!!Diabetes(type(2(
(((((((Faoy(liver(disease(
(((((((Atherosclerosis(
(((((((Hyperlipidemia(
(
ProjecKon:(Within(20(years,(50%(of(the(world(
populaKon(will(suffer(from(the(metabolic(syndrome.(
!
Thank!you!
PRX-110 & PRX-107

Dr. Yoseph Shaaltiel, Executive Vice President,
Research and Development, Protalix
Protalix analyst day presentation
DNase I
! 
! 
! 

Protein: Recombinant human deoxyribonuclease
Indication: Cystic Fibrosis (CF)
Protein function: Break down of excessive DNA in the accumulated
mucus (sputum) in lungs of CF patients decreases viscosity of airway
secretions

! 

Market (2012): 572M$

! 
! 

Marketed Product: Pulmozyme (Roche; Genentech)
IP- Product patents expiration date: 2013
PRX-110 Product Description
PRX-110 Advantages:
!  Improved enzyme kinetics
!  Less sensitive to inhibition by actin
!  Improved ex-vivo efficacy
PRX-110 properties can potentially lead to:

!  Different regimen
!  Lower cost
PRX-110 Characterization
Pulmozyme
MW
PRX-110
MW
µg: 10!!!!!!!5!!!!!2.5!!!!1.25!!!!!!!!!!!!10!!!!!5!!!!!2.5!!!!!1.25!!!

SDS-PAGE

K!175
K!80
K!58
K!46
K!30
K!25
K!17
K!7

Pulmozyme
MW
PRX-110
MW
ng: 200!!!!100!!!50!!!!!!10!!!
200!!!100!!!50!!!!!10!!!!!

Western blot
Anti Pulmozyme Ab

K!80
K!58
K!46
K!30
K!25
K!17
K!7
Improved Enzyme Kinetics
PRXK110!vs.!Pulmozyme!

0.4
Commercial DNase I
Pulmozyme
PRX-110
PRX-110

V (µM/min)

0.3

0.2

0.1

0
0

20

40

[DNase Alert substrate] (µM)

DNase I
PRX-110
Pulmozyme

KM
(µM)
24.3
60.9

Vmax
(µM/min)
0.58
0.44

kcat
(sec-1)
6.24
4.76

kcat /KM
(sec-1µM -1)
0.26
0.08
Reduced Inhibition of PRX-110 by human actin (IC50)
PRXK110!vs.!Pulmozyme!

1.2
1

PRX-110
PRX-110
Commercial DNase I
Pulmozyme

ΔOD 630

0.8
0.6
0.4
0.2
0
0.1

1

10

100

actin (µg/ml)

DNase!I!
PRXK110!
Pulmozyme!

Ac@n!(ug/ml)!
1.8191!±!0.1003!
0.6870!±!0.0204!
Ex-vivo Efficacy Study on CF Patient’s Sputum
PRXK110!vs.!Pulmozyme!

6!

PRXK110!!
Commercial!DNase!I!

20!
15!
10!
5!
0!
0!

2!

10!

DNase!I!conc.!(ug/gr!sputum)!

20!

Viscous!modulus!!(Pa)!

Elas@c!modulus!!(Pa)!

25!

PRXK110!!
Commercial!DNase!I!

4!

2!

0!
0!

2!

10!

20!

DNase!I!conc.!(ug/gr!sputum)!

Improved Dose Dependent Effect of PRX-110 on the Rheological
Properties of Sputum from CF Patients
N-linked Glycosylation of DNase I
PRXK110!vs.!Pulmozyme
!
GU values
5

6

7

8

9

10

11

12

Mannose
N-acetylglucosamine

32%
49%

PRX-110

Xylose
Fucose

15%
Hybrid

Sialic Acid

4%
Fluorescence

α-linkage
β-linkage
6

8

4
3

2

Linkage position

Pulmozyme

60

70

80

90
100
Minutes

110

120

130
In Vivo Study - Inhalation of PRX-110 in Rats

!  Nose-only aerosol inhalation exposure
!  PRX-110 enzyme activity in animal lung after

inhalation maintained substantial enzymatic activity
PRX-110 Development Status

!  pre-IND meeting held with the FDA
!  Toxicity studies planned for Q4/2013
PRX-107 – Plant Cell Recombinant Human
Alpha1-antitrypsin (AAT) for the
Treatment of Pulmonary Disorders
AAT

Trypsin
!  Main function: regulates AAT-dependent inflammatory response
in the lungs

!  Single-chain protein: 394aa, 52kDa
!  Indication: Emphysema due to Hereditary AAT deficiency
(AATD)

!  Market (2012): est. ~$600M
!  Marketed products are purified from plasma and administered
IV

!  No recombinant AAT approved
All marketed AAT products are plasma-derived

! 
! 

Limited plasma supply
Potential adventitious agents

Protalix benefit: Recombinant AAT

! 
! 
! 

Easy scale up to meet demand
No potential adventitious agents
Lower production cost

All marketed products are for IV use

! 

IV delivery results in only ~2% of the protein reaching the lungs

PRX-107 goal: Inhalation delivery

! 
! 

Directly to the lungs
Better patient quality of life
Biological Activity – IC50

% of control activity

100

PRX-107
Commercial

80
60
40
20
0
0.01

0.1

1

10

100

[AAT] (ug/ml)

Similar amounts of PRX-107 and commercial AAT reagent
needed to achieve 50% inhibition of Elastase
In vivo Induced Emphysema Model

Lm(

healthy(
Lm(–(mean(linear(intercept((diameter)(
VL(–(lung(volume(
Sa(–(alveolar(surface(

Lm(

emphysematous(
PRX-107 In-vivo Efficacy Study in Rats
Group ID
(10 rats/group)

AAT
(10mg/kg)

Elastase dose
(U/g BW)

1
2
3
4
5

mock
PRX-107
mock
PRX-107
Commercial

0
0
0.25
0.25
0.25

Post-mortem analyses:
Lung
collection and
fixation

Lung slide
preparation

Stereometry
(quantitative
histology)
Efficacy In-vivo Study Results
! 
! 
! 

Experiment - AAT Ability to rescue Elastase induced lung damage
Comparison between PRX-107 and AAT (plasma derived reagent)
The extent of the damage is measured by the mean alveolar volume
p < 0.0001 (n=10)

4.5

p"<"0.0001"(n=10)"

4.0

mean alveolar volume

p < 0.0001 (n=10)
p < 0.0001 (n=10)

3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0

Induced Damage

-

-

elastase

elastase

elastase

Treatment

-

PRX-107

-

PRX-107

Commercial
PRX-107 Development Status

!  pre-IND meeting planned for H2 2013
Q&A Session

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