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Results of a Phase 2A Study of a Novel 5HT4 Agonist for the Treatment of Alzheimer’s Disease J. Thomas Megerian, MD, PhD Executive Director, Clinical Research March 6, 2009 Rationale for 5-HT4 in Alzheimer’s • Cognitive dysfunction in Alzheimer’s disease (AD) is due in large part to diminished cholinergic tone, resulting form prominent loss of cholinergic neurons • 5-HT4 receptor stimulation leads to increases in release / production of acetylcholine (ACh) in the brain • Activation of 5-HT4 also stimulates growth factors (BDNF) and promotes the alpha-secretase pathway, leading to secretion of the soluble form of amyloid precursor protein (sAPPa) and reduced Ab levels • sAPPa is neuroprotective, increases NGF, enhances memory, and competes with amyloidogenic (toxic) peptides 2 2 PRX-03140 Increases ACh Release in Hippocampus During Delayed Spontaneous Alternation in Rats Percent of Baseline Hippocampal ACh Efflux (Mean ± s.e.m.) * Vehicle PRX-3140 1 mg/kg PRX-3140 5 mg/kg 250 * 225 200 175 150 125 p<0.05 100 75 8 16 24 Baseline 32 Drug Injection 40 48 56 Pre-Testing 64 72 Testing 80 88 Post-Testing Time (Min) On demand ACh increase; no effect seen in the resting state 3 Effect of PRX-03140 on Hippocampal Amyloid b1-40 Levels in Tg2576 Mice Amyloid b 1-40 30 AAb1-40(pmol/g) b 1-42 (pmol/g) 25 (-12%) (-20%) (-30%) PRX-03140 1 mg/kg PRX-03140 5 mg/kg PRX-03140 10 mg/kg 20 15 10 5 0 Vehicle * P=0.04 for treated vs. vehicle (n=10); Model: 3 weeks treatment with PRX-03140 i.p. (19 weeks old at study completion) 4 70 60 Mean Percent Alternation Mean Percent Alteration PRX-03140 Enhances an Efficacious Dose of Aricept® in Delayed Spontaneous Alternation in Rats 50 * p< 0.05 vs vehicle ** p< 0.01 vs vehicle *** p< 0.001 vs vehicle †† p< 0.01 vs donepezil alone *** †† ** * 40 30 20 10 0 VEH PRX 0.03 PRX 0.1 PRX 1.0 DNZ 0.3 DNZ 0.3 PRX 0.03 DNZ 0.3 PRX 0.1 Treatment (ip, mg/kg) n=6-9 rats/group • A sub-efficacious dose of PRX-03140 (0.1 mg/kg) plus 0.3 mg/kg donepezil produced even greater efficacy than donepezil alone • Basis for the Phase 2a trial alone and combined with donepezil 5 Summary of Phase 1 Experience • Single Ascending Dose Doses from 5 to 250 mg 80 Subjects (20 on Placebo) Ages 18 – 45 Appeared Well Tolerated • No clearly attributable AE signal above placebo • No effect on QTc • Multiple Ascending Dose 14 Day MAD Doses from 10 mg to 200 mg No MTD reached Appeared Well Tolerated • Slight increase in HA, Dizziness over placebo • Repeated Report of Vivid Dreams suggested CNS Cholinergic Action • Phase 1b 50 mg dose for 10 day in AD Patients Improvement of .3 in Right Frontal EEGAlapha:theta ratio simliar to what has been seen associated with efficacy of AchEIs. 6 Randomized, Double-blind, Placebo-controlled, Phase 2a Study To Assess The Effects Of PRX-03140 Alone And In Combination With Donepezil In Patients With AD Design • Seventeen US sites • 80 patients • Two weeks dosing • • • • Endpoints Safety & Tolerability Donepezil PK qEEG alpha:theta ratio Cognitive measures • • • • ADAS-Cog Mindstreams CCA Buschke SRT Trailmaking A Screening Panel 1 10 mg DNZ + 5 mg 03140/placebo Panel 6 Monotherapy Arm 50 mg 03140 or 150 mg 03140 or placebo Panel 2 10 mg DNZ + 25 mg 03140/placebo Panel 3 10 mg DNZ + 50 mg 03140/placebo Panel 4 10 mg DNZ+ 100 mg 03140/placebo Panel 5 10 mg DNZ +200 mg 03140/placebo 7 Open Label Extension 6 months PRX-03140 7 Mean (±SD) Change in ADAS-cog Improved Cognition Monotherapy – Significant Difference vs Placebo on Change From Baseline in ADAS-Cog/11 -5 p = 0.021 for 150mg vs. placebo -4 - 3.6 (5.1) -3 -2 - 1.0 (5.1) -1 + 0.9 (3.4) 0 +1 placebo 50mg PRX-03140 150mg PRX-03140 +2 • After two weeks of dosing, mean ADAS-cog change for monotherapy (150mg) was 3.6 points • Approved Alzheimer’s drugs typically show 3-4 point improvement after 12-24 weeks • Statistically significant dose-response for 150mg vs. 50mg vs. placebo (p=0.026) 8 Individual Patient Outcomes: Responses Increase With Dose CP-018: ADAS-Cog Result by Visit Placebo 40 35 35 #621 #624 25 #618 #626 #607 #604, #611 #613 # 6 #628 0 1 20 15 #611 #604 10 5 0 Baseline ADAS-Cog Scores 40 30 ADAS-Cog Score CP-018: ADAS-Cog Result by Visit PRX-03140 150 mg 30 #612 25 20 #615 #603 #625 #622 #609 #619 #630 #617 15 10 5 0 Baseline Day 13 Day 13 Visit Visit CP-018: ADAS-Cog Result by Visit PRX-03140 50 mg Improvement 40 ADAS-Cog Score 35 30 No Change #602 25 20 15 10 5 #616 #614 Worsening #606 #608 #623 #620 #627 #610 #629 0 Baseline Day 13 Visit 9 Mean (±SD) Change in ADAS-cog Improved Cognition PRX-03140 Phase 2a: PRX-03140 + Aricept® Combination ADAS-Cog Results -5 -4 - 3.1 (2.3) -3.1 (4.9) - 2.5 (3.5) -3 -2 -1 +1.8 (3.4) 0 25mg 0mg +1 +2 0 (2.9) 0 (4.0) 50mg placebo 5mg PRX-03140 Dose 10 100mg 200mg Monotherapy Panels: Effect Sizes (Cohen’s d) Relative to Placebo MINDSTREAMS MEMORY INDEX Positive Effect 1.5 1 * Large Cohen's d Medium 0.5 • Components: Immediate Verbal Memory Delayed Verbal Memory Immediate Non-Verbal Memory Delayed Non-Verbal Memory • Large positive effect for 50 mg/day (d = 0.99) dose Small • Small positive effect for 150 mg/day (d = 0.44) dose 0 Small -0.5 Medium Large -1 50 150 Dosage (mg/day) * p < 0.05 (1-tailed) for drug vs. placebo Negative Effect • No negative effects Monotherapy Panels: Effect Sizes (Cohen’s d) Relative to Placebo MINDSTREAMS VISUAL SPATIAL INDEX Positive Effect 1.5 * Cohen's d 1 • Components: Visual Spatial Accuracy Large • Large positive effect for 150 mg/day (d = 0.96) dose Medium • No effect for 50 mg/day dose Small • No negative effects 0.5 0 Small -0.5 Medium Large -1 50 150 Dosage (mg/day) * p < 0.05 (1-tailed) for drug vs. placebo Negative Effect Combination Therapy Panels: Effect Sizes (Cohen’s d) Relative to Placebo MINDSTREAMS MEMORY INDEX Positive Effect 1.5 * Large 1 Cohen's d Medium 0.5 Small Small Medium • No effect for 200 mg/day dose Large • No negative effects -0.5 5 25 50 100 Dosage (mg/day) * p < 0.05 (1-tailed) for drug vs. placebo 200 • Large positive effects for 25 mg/day (d = 0.84) and 50 mg/day (d = 1.27) doses, largest for 50 mg/day • Small positive effects for 5 mg/day (d = 0.35) and 100 mg/day (d = 0.50) doses 0 -1 • Components: Immediate Verbal Memory Delayed Verbal Memory Immediate Non-Verbal Memory Delayed Non-Verbal Memory Negative Effect Combination Therapy Panels: Effect Sizes (Cohen’s d) Relative to Placebo MINDSTREAMS VISUAL SPATIAL INDEX Positive Effect 1.5 * Large • Large positive effect for 50 mg/day (d = 1.11) dose Medium • Small positive effects for 5 (d = 0.48) and 200 (d = 0.48) mg/day doses 1 Cohen's d • Components: Visual Spatial Accuracy 0.5 Small • No effect for 25 mg/day and 100 mg/day doses 0 Small -0.5 Medium Large -1 5 25 50 100 Dosage (mg/day) * p < 0.05 (1-tailed) for drug vs. placebo 200 Negative Effect • No negative effects PRX-03140 Ph2a Effects on qEEG in AD Patients Consistent with Approved AD Drugs Alpha : Theta Ratio Change From Baseline Positive Trend for Increase in Frontal Alpha: Theta Ratio 0.4 0.3 0.3 (1.2) 0.2 0.1 placebo 0 50mg PRX-03140 -0.1 0 (.4) - 0.1 (.6) 150mg PRX-03140 -0.2 -0.3 PRX-03140 effect on qEEG is consistent with approved Alzheimer’s drugs, such as donepezil, rivastigmine and tacrine 15 PRX-03140 ~ Phase 2a Safety Data • Appeared well-tolerated in monotherapy and combination • Monotherapy Well-tolerated at both 50mg and 150mg once daily Only two attributable AEs on drug (heartburn, fatigue) No dose-limiting toxicities or requirement for dose titration No nausea, vomiting, diarrhea or other GI side effects commonly observed with cholinesterase inhibitors • Combination with donepezil Well-tolerated from 5mg–100mg once daily Most common AEs at 200mg qd: nausea (n=2), vomiting (n=1) • Mechanism-based side effects (cholinergic) • MTD in combination with donepezil: ~200 mg once daily 16 Open Label Extension • Several subjects experienced subjective improvement resulting in family members petitioning for continuance of therapy during blinded phase • After verifying objective data that demonstrated improvement in ADAS-Cog a request was made to the FDA to allow for 6 month open label extension for 2 subjects • Subject 405: 73 year old female, diagnosed with AD for 2 years; baseline MMSE of 22; on 10 mg DNZ for ≈6 months; entered combination arm on 100 mg of 03140 • After 2 weeks, demonstrated a 6 point improvement in ADAS-cog, along with improvements in attention, executive function, visual spatial ability and a global cognitive function summary measure on the Mindstreams Computerized Cognitive Assessment • Subject 405 has completed 6 months of open label extension. Her MMSE at 6 months was 26, up from 22 at screening • Daughter states that she is able to play cards again, sign her name again, and has substantial improvements in word-finding ability and semantic memory • DAW came off of drug for 2 months after the 6 month extension to allow for LFTs to normalize (they had gone up to 2x ULN and remained stable there for 3 months while on therapy) During this time, MMSE declined to 23, and DAW became more withdrawn, anxious and confused and had clear loss of many cognitive gains she had made. 17 Open Label Extension • Subject 615: 66 year old male recently diagnosed with AD, with a baseline MMSE of 20, randomized to 150 mg monotherapy with PRX-03140 • After 2 weeks Demonstrated a 1 point improvement on the ADAS-Cog Trailmaking A test improved from a time of 108 seconds at baseline to 69 seconds day 15 Improved on multiple (6 out of 7) memory retrieval and storage parameters on the Buschke SRT, ranging from 2 point improvement on the recall trial to a 23 point improvement on the Long Term Storage Sum of Trials No change on Mindstreams • Subject 615 has completed 6 months of open label extension. His MMSE is now 29, up from 21 at screening and continues to show improved memory and mood with daily activities. 18 Summary of Phase 2a Results • PRX-03140 is well tolerated and appears safe in both monotherapy and in combination therapy with donepezil • PRX-03140 does not alter the exposure or Cmax of donepezil • Statistically significant and clinically meaningful improvement in several measures of cognition including ADAS-Cog with PRX-03140 monotherapy after 2 weeks of dosing • No overall effect on ADAS-cog after 2 weeks in patients already taking donepezil 10mg qd; may require longer term dosing to observe benefit 19 Current Phase 2b Trials • In our partnership with GSK, we have initiated two separate studies in the USA utilizing PRX-03140 • Monotherapy Trial: PRX-03140 as monotherapy for 3 months and will include a control Aricept arm with an available 3 month extension • Combination Trial: PRX-03140 as an add-on therapy in patients already taking a stable 10mg dose of donepezil 10mg for at least 4 months; study duration 6 months 20 Acknowledgements “The Patient Is Waiting” • Clinical Team • CEO Elkan Gamzu • Research and Development Sharon Shacham • Product Team Leader Ronda Gray-Kaufman • CMC • ADME Sheila Dewitt Richard Yieh Kirsten Overoye-Chan Rebecca Warwick Shahidah Mohammad Mike Pacak Jane Chamberlain • Human Resources Simon Jones • GSK Partners • Quality & Regulatory Julia Kazakin Ralph Mattot Sean McNelis Michael Greeley David Rezendes Anna Zampini Musa Mutyaba Mary Kay Hes Brenda Sousa Martha Bradford Richard Philipson Bernadette Cummins Richard Keenan Shelagh Wilson Nancy Earle Tim Montague Sarah Derosset • Financial Team 21 Kim Drapkin Scott Chouinard PRX-03140 ~ Phase 2a Trial Design • Randomized, double-blind, placebo-controlled, Phase 2a study to assess the effects of PRX-03140 alone and in combination with donepezil in Alzheimer’s patients • Seventeen US sites, 80 patients, two weeks dosing • Endpoints: Safety / tolerability, qEEG, exploratory cognitive measures • Monotherapy - PRX-03140 in patients taking no other cognitive enhancing medications Doses: 50mg and 150mg vs. placebo once daily, 10 patients per arm (30 total) • Combination Therapy - PRX-03140 + donepezil Doses: PRX-03140 at 5, 25, 50, 100, 200mg with donepezil 10mg once daily, 10 patients per arm (50 total) 22 Inclusion Criteria 23 PK Summary Combination Therapy Measured Drug 0 mg 5 mg 25 mg 50 mg 100 mg 200 mg n=10 n=8 n=8* n=8* n=8 n=8* 55 (27) 40 (16) 54 (32) 47 (24) 49 (20) 53 (20) With 3140 55 (19)# 46 (11) 50 (19) 56 (23) 52 (23) 50 (17) Mean Donepezil 1008 (580) 793 (339) 1085 (697) 869 (438) 935 (532) 1010 (376) AUC0-24 Alone With 3140 1013 (404)# 894 (256) 895 (368) 1044 (562) 1033 (475) 953 (357) NA NA 15 (28) 20 (44) 32 (55) 183 (177) 480 (338) Paramete r Mean Cmax (ng/mL) (SD) Donepezil Treatment Donepezil Alone (ng*h/mL) (SD) PRX-03140 Mean Cptrough (Day 7) (ng/mL)** (SD) • Coadministration of donepezil (qd; 10 mg) with PRX-03140 (qd; 5, 25, 50, 100 or 200 mg) did not result in clinically relevant pharmacokinetic interaction with donepezil • Significant interpatient variability in PRX-03140 plasma levels (Day 7, Ctrough) and overlap of concentrations in lower dose range •n=7 # placebo (no PRX-3140) ** Excludes samples <LLOQ 24 Exclusion Criteria 25 CP-018 (Monotherapy) ADAS-Cog Results Placebo Group CP-018: ADAS-Cog Result by Visit Placebo 40 35 #621 ADAS-Cog Score 30 #624 25 #618 #626 #607 20 15 10 #604, #611 #613 #601 #611 #604 5 #628 0 Baseline Day 13 Visit 26 CP-018 (Monotherapy) ADAS-Cog Results PRX-03140 150 mg Group CP-018: ADAS-Cog Result by Visit PRX-03140 150 mg 40 ADAS-Cog Scores 35 #612 30 25 20 #615 #603 15 #625 #622 #609 #619 #630 #617 10 5 0 Baseline Day 13 Visit 27 CP-018 (Monotherapy) ADAS-Cog Results PRX-03140 50 mg Group CP-018: ADAS-Cog Result by Visit PRX-03140 50 mg 40 ADAS-Cog Score 35 #602 30 25 20 15 10 5 #616 #614 #606 #608 #623 #610 #620 #627 #629 0 Baseline Day 13 Visit 28 PRX-03140 PK Summary Monotherapy Therapy Day 7 Time Dose (h) (mg) Mean Cp (ng/mL) (SD) 50 100 (120) 150 153 (111) 50 268 (222) 150 589 (441) 50 253 (187) 150 553 (308) Predose 2 14 4 • Ctrough similar for 50 and 150 mg doses • Three fold increase in dose yields a ~2 fold increase in plasma levels at 2 and 4h • Significant interpatient variability in plasma levels 29 PRX-03140 Ph2a Effects on qEEG in AD Patients Consistent with Approved AD Drugs Positive Trend for Increase in Frontal Alpha: Theta Ratio Change in Frontal Alpha:Theta Ratio from Baseline Alpha:Theta Ratio Change From Baseline 1.4 1.2 1 0.8 0.6 0.4 0.2 0 -0.2 placebo 50 mg 150 mg Dose Group PRX-03140 effect on qEEG is consistent with approved Alzheimer’s drugs, such as donepezil, rivastigmine and tacrine 30 PRX-03140 – Cognitive Enhancement in Preclinical Models Model Species Dosing Period Results Delayed Spontaneous Alternation (dSA) Rats Acute Significantly improved performance; blocked with 5HT4 antagonist Acetylcholine (ACh) release during dSA testing Rats Acute Significantly increased ACh during dSA, not during rest Interaction of PRX-03140 and galantamine in dSA Rats Acute Combination of sub-efficacious doses of PRX-03140 and galantamine significantly improved dSA performance Interaction of PRX-03140 and donepezil Rats Acute Combination of PRX-03140 and efficacious dose of donepezil significantly improved dSA performance Rescue of scopolamineinduced memory deficits Rats Acute Significantly reduced latency and distance traveled in Morris Water Maze Morris Water Maze Aged rats 1 wk Significantly reduced latency and distance traveled to find platform Water version of the Radial Arm Maze Aged rats 6 wks Significantly improved working and reference memory Delayed Non-Matching to Position (DNMP) Aged dogs 18 days Significantly increased working memory Discrimination and Reversal Learning Aged dogs 18 days Treated animals performed significantly better in learning tasks compared with control database animals 31 Summary of Preclinical Studies of Neuroprotection Test Species Dosing Period Results sAPPa secretion in CHO cells stably expressing 5-HT4e In vitro Acute Dose-dependently increases sAPPa secretion with an EC50 = 1-10 nM Brain sAPPa & neurotrophin (NGF & BDNF) levels Aged rats 6 weeks Showed a trend toward an increase in sAPPa, BDNF and NGF levels CSF Ab levels Aged dogs 40 days Showed a trend toward a decrease in Ab1-40 and Ab1-42 levels Brain sAPPa and Ab levels Aged dogs 2 weeks Showed a trend toward a decrease in insoluble Ab140 and Ab1-42. No effect was observed on sAPPa levels. Brain sAPPa and Ab levels Tg2576 mice 3 weeks Showed a dose-dependent trend toward an increase in sAPPa and a decrease in Ab1-40 and 1-42 • PRX-03140 shows neuroprotective activity by increasing sAPPa and growth factors, while decreasing Ab1-40/42 in several species 32 Symptomatic and potentially disease modifying doses of PRX-03140 in Human Equivalent Dose Scale Rat Dog Human (Acute) (18 days) (14 days) 1–5 mg/kg 0.1 – 1 mg/kg 50 mg Estimated Cmax (ng/mL) 75 – 300 76 – 776 400 Estimated Cavg (ng/mL) 8 – 40 Dose sAPP, Ab (tg mice) Brain Ab (aged dogs) CSF Ab (aged dogs) sAPPa, NGF & BDNF (aged rats) 31 – 312 134 Learning and DNMP (aged dogs) Radial arm maze (aged rats) MWM (aged rats) MWM (rats) Acetylcholine release (rats) Spontaneous alternation (rats) LogHED (mg/kg) 33 ~20 mg ~60 mg PRX-03140 Product Profile and Phase 2a • Brain selective 5HT4 partial agonist, stimulates brain ACh production with minimal effects on gastrointestinal tract • Can be used alone or in combination with cholinesterase inhibitors (e.g. Aricept®) or disease modifying drugs • More rapid onset of action and superior tolerability to cholinesterase inhibitors, may be used first line in AD patients • Randomized, double-blind, placebo-controlled, Phase 2a study to assess the effects of PRX-03140 alone and in combination with Aricept® in Alzheimer’s patients Monotherapy - PRX-03140 in patients taking no other cognitive enhancing medication; doses of 50mg vs. 150mg vs. placebo once daily, 10 patients per arm (30 total) Combination Therapy - 10mg Aricept® + PRX-03140 at doses of 5, 25, 50, 100, 200mg, 10 patients per arm (50 total) 34 CNS Active 5-HT4 Agonist Potential donepezil 35 Subject Disposition 131 subjects screened Male or Female age 60 or greater Probable Dx of AD by NINDS-ADRDA MMSE = 16 – 26 80 Eligible Subjects Not Currently Taking Any AD Therapy (minimum washout of 4 weeks) Subject on stable dose of 10 mg Donepezil for 90 days N = 50 N= 30 Placebo (n= 10) PRX-03140 5 mg (n=8) Placebo (n=2) PRX-03140 50 mg n = 10) PRX-03140 25 mg (n=7) Placebo (n=2) PRX-03140 150 mg (n=9) 1 Subject withdrawn for non-compliance PRX-03140 50 mg (n=8) Placebo (n=2) One Subject Withdrew due to AE ( GERD) PRX-03140 100 mg (n=8) Placebo (n=2) PRX-03140 200 mg (n=7) Placebo (n=2) One Subject Withdrew due to AE (Vomiting) 36 Baseline Demographics ADJUNCTIVE TREATMENT Demographic 5 mg 25 mg 50 mg 100 mg 200 mg PBO Gender M/F (%) 25/75 62.5/37.5 75/25 37.5/62.5 75/25 50/50 Age 79.9 76.3 78.4 74.9 79.3 78.7 MMSE 22.4 22.5 21.3 22.6 22.9 23.2 MONOTHERAPY TREATMENT 50 mg 150 mg PBO Gender M/F (%) 50/50 60/40 60/40 Age 72.6 74.1 76.2 23 21.7 21 MMSE 37 Change From Baseline Combination Therapy - No Difference from Placebo on ADAS-Cog/11 After 2 Weeks -3.5 -3 -2.5 -2 -1.5 -1 -0.5 0 0.5 1 1.5 2 -3.1 -3.1 (2.3) (4.9) -2.5 (3.5) 0 0 (4.0) (2.9) 1.8 (3.4) Treatment Group 38 5 mg 25 mg 50 mg 100 mg 200 mg Placebo EPIX: GPCR Focused Drug Discovery • G-Protein Coupled Receptors (GPCRs) Large family (≈800) of transmembrane cellular signaling proteins Relevant to many diseases - 40% of top 100 drugs Minimal X-ray structural data available Rational drug design based on ‘usual’ methods not currently possible • Proprietary Rational Drug Design Platform Unique suite of modeling and optimization algorithms GPCR Models in silico for high-throughput, computer-based screen • EPIX Structures Guide Discovery and Lead Optimization Models then used to guide rational lead optimization 39 EPIX Clinical Portfolio – Internally Discovered Three Therapeutic Drug Candidates in Phase 2 Development Product Target Lead Lead IND/ Discovery Optimization GLP Tox PRX-08066 (5-HT2B) Pulmonary Hypertension w/ COPD PRX-07034 (5-HT6) Cognitive Impairment (5-HT4) Depression Alzheimer's Disease (GSK has exclusive option) PRX-03140 COPD = Chronic Obstructive Pulmonary Disease 40 Phase I Phase 2 Phase 3 NDA Approved Open Label Extension • Several subjects experienced subjective improvement resulting in family members petitioning for continuance of therapy during blinded phase • After verifying objective data that demonstrated improvement in ADAS-Cog a request was made to the FDA to allow for 6 month open label extension for 2 subjects • Subject 405: 73 year old female, diagnosed with AD for 2 years; baseline MMSE of 22; on 10 mg DNZ for ≈6 months; entered combination arm on 100 mg of 03140 • After 2 weeks, demonstrated a 6 point improvement in ADAS-cog, along with improvements in attention, executive function, visual spatial ability and a global cognitive function summary measure on the Mindstreams Computerized Cognitive Assessment • Subject 405 has completed 5 months of open label extension. Her MMSE at 4 months was 25, up from 22 at screening • Daughter states that she is able to play cards again, sign her name again, and has substantial improvements in word-finding ability and semantic memory 41 Open Label Extension • Subject 615: 66 year old male recently diagnosed with AD, with a baseline MMSE of 20, randomized to 150 mg monotherapy with PRX-03140 • After 2 weeks Demonstrated a 1 point improvement on the ADAS-Cog Trailmaking A test improved from a time of 108 seconds at baseline to 69 seconds day 15 Improved on multiple (6 out of 7) memory retrieval and storage parameters on the Buschke SRT, ranging from 2 point improvement on the recall trial to a 23 point improvement on the Long Term Storage Sum of Trials No change on Mindstreams • Subject 615 has completed 6 weeks of open label extension. His MMSE is now 24, up from 20 at screening and continues to show improved memory and mood with daily activities. 42 Mindstreams Computerized Cognitive Assessment Demonstrates Improvement in Memory and Visual Spatial Index Scores 43