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BioXcel Therapeutics | 555 Long Wharf Drive, 12th Floor | New Haven, CT 06511 | www.bioxceltherapeutics.com ® BXCL701 Key Opinion Leader Day

Key Takeaway: BioXcel Therapeutics recently held a Key Opinion Leader Day, showcasing its pipeline for BXCL701 and other drug candidates. The company plans to initiate several clinical trials, including a Phase 2b study for small cell neuroendocrine prostate cancer, and is in discussions with the FDA regarding these developments. However, the company faces inherent uncertainties as it relies on the success and commercialization of its various products amidst a backdrop of significant losses and regulatory challenges. Forward-looking statements highlighted in the presentation reflect management's expectations and the risks of actual results differing from those anticipated.

Market Sentiment Analysis

POSITIVE FACTORS

  • BXCL701 is moving into various different stages of clinical trials.
  • Potential collaborations and discussions with the FDA are planned.
  • The development of a next-generation DPP8/9 inhibitor is underway.

CONCERNS & RISKS

  • The company has a limited operating history and significant financial losses.
  • Regulatory approval for product candidates is uncertain.
  • Dependence on the success of multiple product candidates adds risk.

Full Press Release Details

These forward-looking statements should not be relied upon as representing BioXcel Therapeutics' views as of any date subsequent to the date of this presentation. Forward-Looking Statements 2 BXCL701: Pipeline Within a Product Plan and Next-Generation Candidate 73 Investigator Sponsored Trial Compound Proposed Indication Preclinical Phase 1 Phase 2 Expected Upcoming Milestone Collaborator BXCL701 Small Cell Neuroendocrine Prostate Cancer (SCNC) Initiate Phase 2b Small Cell Lung Cancer (SCLC) Initiate Phase 1b/2 Acute Myeloid Leukemia (AML) IST Initiate Phase 1b/2 Metastatic Pancreatic Ductal Adenocarcinoma IST* Initiate Phase 2 supply agreement Next-Generation DPP8/9 Inhibitor Solid and Liquid Tumors Initiate novel candidate development 2023 2024 2025 1H 2H 1H 2H 1H 2H SCNC Clinical Development Timeline* 76 SCNC Phase 2b pivotal study NDA Submission Under AA Program *Initial discussions with the FDA regarding the development pathway and registrational strategy for BCXL701 in SCNC expected in mid-2023. | AA = Accelerated Approval SCLC Clinical Development Timeline 2023 2024 2025 1H 2H 1H 2H 1H 2H Phase 1b SCLC PoC End of Phase 2 meeting
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this presentation. Any such forward-looking statements represent management's estimates as of the date of this presentation. While BioXcel Therapeutics may elect to update such forward-looking statements at some point in the future, except as required by law, it disclaims any obligation to do so, even if subsequent events cause our views to change.
All forward-looking statements are based upon BioXcel Therapeutics' current expectations and various assumptions. BioXcel Therapeutics believes there is a reasonable basis for its expectations and beliefs, but they are inherently uncertain. BioXcel Therapeutics may not realize its expectations, and its beliefs may not prove correct. Actual results could differ materially from those described or implied by such forward-looking statements as a result of various important factors, including, without limitation: the Company's limited operating history; its incurrence of significant losses; its need for substantial additional funding and ability to raise capital when needed; its limited experience in drug discovery and drug development; its dependence on the success and commercialization of IGALMI , BXCL501, BXCL502 and BXCL701 and other product candidates; the Company has limited experience in marketing and selling drug products; IGALMI or the Company's product candidates may not be accepted by physicians or the medical community in general; the failure of preliminary data from its clinical studies to predict final study results; failure of its early clinical studies or preclinical studies to predict future clinical studies; its ability to receive regulatory approval for its product candidates; its ability to enroll patients in its clinical trials; undesirable side effects caused by the Company's product candidates; its novel approach to the discovery and development of product candidates based on EvolverAI; its exposure to patent infringement lawsuits; its ability to comply with the extensive regulations applicable to it; impacts from the COVID-19 pandemic; its ability to commercialize its product candidates; and the other important factors discussed under the caption "Risk Factors" in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022, as such factors may be updated from time to time in its other filings with the SEC, which are accessible on the SEC's website at www.sec.gov and the Investors section of our website at www.bioxceltherapeutics.com.
The words anticipate, believe, can, continue, could, designed, estimate, expect, forecast, goal, intend, may, might, plan, possible, potential, predict, project, should, target, will, would and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
Forward-looking statements in this presentation include but are not limited to: statements regarding BioXcel Therapeutics' expected timing of, and data results from, trials and clinical studies involving its product candidates, in particular BXCL701; planned discussions with regulators and potential registrational trials; strategic options for OnkosXcel; and potential market size and opportunity for product candidates.

Frequently Asked Questions

What is BXCL701's proposed indication?

BXCL701 is indicated for Small Cell Neuroendocrine Prostate Cancer.

When will BXCL701 enter Phase 2b trials?

BXCL701 is expected to initiate Phase 2b trials in Small Cell Neuroendocrine Prostate Cancer in 2023.

What are the limitations of BioXcel's forward-looking statements?

BioXcel's forward-looking statements may not reflect future results due to various uncertainties.

Which cancers is BioXcel targeting with its pipeline?

BioXcel is targeting Small Cell Lung Cancer and Acute Myeloid Leukemia with its pipeline.

What factors could affect BioXcel's clinical trial results?

Factors include patient enrollment challenges, regulatory approvals, and unforeseen side effects.

Last updated: Feb 21, 2023