4502 武田薬 2019-11-14 20:00:00
R&D説明会(2019年11月14日NY開催)プレゼンテーション資料(5/5) [pdf]

OX2R AGONISTS FOR THE TREATMENT OF
NARCOLEPSY TYPE 1

Deborah Hartman, PhD
Global Program Leader, Neuroscience
Takeda Pharmaceutical Company Limited
New York, NY
November 14, 2019
NARCOLEPSY TYPE 1 IS A RARE, ACQUIRED
CHRONIC NEUROLOGICAL DISORDER



                3M                                            ~50%                                       15Y


      Estimated global                                     Estimated
                                                                                                    Mean diagnostic
    population affected by                             diagnostic rate for
                                                                                                        delay3
            NT11                                       NT1 in US, EU, JP2

                                                                                                                      When I'm awake, sleep is constantly
  • Psychosocially devastating effects                                                                                intruding on that part of my life. And
                                                                                                                      when I'm asleep, wakefulness is
  • Current treatments are only partially effective                                                                   constantly intruding on that part of my
                                                                                                                      life. It's frustrating because no matter
  • Polypharmacy is common                                                                                            how well you regulate your narcolepsy,
                                                                                                                      you're always tired. You're exhausted.
 1. Narcolepsy Network. Narcolepsy Fast Facts. Available at: https://narcolepsynetwork.org/about-                               - Charlie, adviser with NT1
    narcolepsy/narcolepsy-fast-facts/. Last Updated June 2015. Last Accessed Sept. 2019
 2. Thorpy et al. Sleep Med. 2014 May;15(5):502-7
 3. Frauscher B, J Clin Sleep Med 2013;9(8):805-12                                                                                                               120
NARCOLEPSY TYPE 1 IS DISTINGUISHED BY THE PRESENCE OF
CATAPLEXY AND LOW OREXIN LEVELS




                                                                                                                         Other hypersomnia
                                                                                                                         disorders
                                                                                   <110 pg/mL
                                                                                                                         • Idiopathic
                                                                                                                            Hypersomnia
       It’s not just about sleep, it’s                                                                                   • Residual Excessive
       about quality of wakefulness                                                                                        Daytime Sleepiness
       … it’s really about partnership                                                                                     in Obstructive
       with your extended family,                                                                                          Sleep Apnea1
       your spouse, taking care of
       your children… it limits my
       ability to play with my kids.
                      -Sara, adviser with NT1

                                                                                                                                             121
CSF: Cerebral spinal fluid; Orexin also referred to as hypocretin
1. Individuals with Obstructive Sleep Apnea who are compliant with use of continuous positive airway pressure at night
    NARCOLEPSY TYPE I IS CAUSED BY PROFOUND LOSS
    OF OREXIN-PRODUCING NEURONS
    OREXIN mRNA LABELLING OF                                                                         ACTIVATION OF OREXIN 2 RECEPTOR (OX2R)
    POSTMORTEM HYPOTHALAMIC SECTIONS                                                                 LEADS TO AROUSAL AND PROMOTES WAKEFULNESS3

                                                                                                Orexin neuropeptides                        Post-synaptic neurons with   Downstream signalling
              Healthy control                                 Narcolepsy Type 1                 A and B                                     orexin 2 receptors           promoting wakefulness




•     Individuals with NT1 have >85% less orexin neurons than                                       THE OREXIN HYPOTHESIS IN NARCOLEPSY TYPE I
      control, which are located in the hypothalamus1, 2                                            An orexin 2 receptor agonist may replace the missing endogenous
                                                                                                    orexin peptide, addressing the underlying orexin deficiency of
                                                                                                    Narcolepsy Type 1 and reduce disease specific symptoms

    f: fornix
    1. Reprinted by permission from Springer Nature. Peyron C, et al. Nat Med. 2000;6:991-997                                                                                             122
    2. Thannickal TC, et al. Neuron.2000;27:469–474                                             3. Tsujino N, et al. Pharmacol. Rev. 2009;61(2):162-176
TAK-925, A SELECTIVE OX2R AGONIST, REDUCES NARCOLEPSY-LIKE
SYMPTOMS IN AN OREXIN-DEFICIENT MOUSE MODEL

           TAK-925 FULLY RESTORED                                         TAK-925 ELIMINATED SLEEP /                                                     TAK-925 ABOLISHED
           WAKEFULNESS                                                    WAKE TRANSITIONS                                                               CATAPLEXY-LIKE EPISODES
           Wakefulness time of NT1 mouse model                           Hypnogram of sleep/wake transitions                                             Cataplexy-like episodes in NT1 mouse
           in active phase for one hour                                  in NT1 mouse model                                                              model for three hours after chocolate

                                                                               EEG recordings
                         *             *                **                                                                                                       4
                60
                50                                                                         REM




                                                                                Vehicle
                                                                                                                                                                 3




                                                                    WT
Minutes awake




                                                                                          NREM
                40




                                                                                                                                                         Count
                                                                                          Wake

                30                                                                         REM                                                                   2


                                                                                Vehicle
                                                             NT1 mouse model
                                                                                          NREM
                20                                           Orexin/ataxin-3              Wake
                                                                                                                                                                 1                 *
                10                                                                         REM
                                                                               TAK-925
                                                                                          NREM
                                                                                                                                                                                                           **
                 0                                                                                                                                               0
                                                                                          Wake
                     0   1         0   3            0   10                                                                                                           Vehicle      0.3            Vehicle   1
                                                                                             ZT12                          ZT13                  ZT14
                     TAK-925 (mg/kg, s.c.)                                                                                                                                     TAK-925 (mg/kg, s.c.)
                                                                                            Vehicle or TAK-925 (3 mg/kg)          cataplexy-like event
                     *p<0.05, **p<0.01 vs placebo                                                                                                                          *p<0.05, **p<0.01 vs placebo




                                                                                                                                                                                                                123
            TAK-925 SHOWED PROMISING ABILITY TO MAINTAIN WAKEFULNESS
            IN AN EARLY PROOF OF CONCEPT STUDY IN NT1 PATIENTS
            SLEEP LATENCY IN THE MAINTENANCE OF WAKEFULNESS TEST (MWT):                                                                    SLEEP LATENCY IN THE MAINTENANCE OF WAKEFULNESS TEST (MWT):
            CURRENT TREATMENTS                                                                                                             TAK-925 (N=14)
                                                                                                                                                 (single dose nine hour continuous IV infusion during the day)6
                                        50                                                                                                             50
                                                                                                                                                                                                          ***
                                                                                                                                                                                       ***
Placebo-adjusted change from baseline




                                                                                                                                                            *** P value <0.001




                                                                                                                                           Placebo-adjusted observed value
                                        40                                                                                                             40

                                                                                                                                                                                                        36.1                           36.7
          (minutes, 95% CI)




                                                                                                                                                  (minutes, 95% CI)
                                        30                                                                                                                                   30
                                                                                                                                                                                      ***
                                        20                                                                                                                                   20
                                                                                                                                                                                     18.8
                                        10                                                                                                                                   10
                                                                  NR            NR
                                                 1.9              3.0           3.3               3.8                  7.7
                                         0                  //            //              //                  //                                                              0
                                              pitolisant1        modafinil2     sodium         armodafinil4      solriamfetol5                                                    TAK-925 5 mg   TAK-925 11.2 mg              TAK-925 44.8 mg
                                                                               oxybate3                                                                                               (n=6)           (n=4)                        (n=4)

                        •               TAK-925 was well-tolerated; most AEs were mild and no SAEs were observed
                        •               In this TAK-925-1001 study, four 40 minute MWTs were conducted per period
                        •               Direct cross-study comparison can not be made between TAK-925 and treatments due to different studies with different designs
        NR: 95% CI rot reported
        1. Lancet Neurol. 2017 Mar;16(3):200-207; 2. FDA statistical Review: Page 5, 200 mg; 3. Label/Trial N4; 4. Clinicaltrials.gov (NCT00078377); 5. FDA Statistical Review, Study 14-002, 150 mg                                             124
        6. Evans R, Tanaka S, Tanaka S, et al. 2019. A phase 1 single ascending dose study of a novel orexin 2 receptor agonist, TAK-925, in healthy volunteers (HV) and subjects with narcolepsy type 1 (NT1) to assess safety, tolerability,
        pharmacokinetics, and pharmacodynamic outcomes. Abstract presented at World Sleep 2019. Vancouver, Canada. http://www.professionalabstracts.com/ws2019/iPlanner/#/presentation/1832
TAK-925 ALSO REDUCED SUBJECTIVE SLEEPINESS IN THIS EARLY
PROOF OF CONCEPT STUDY IN NT1
KAROLINSKA SLEEPINESS SCALE VALUES DURING AND AFTER ADMINISTRATION OF TAK-925
(single dose nine hour continuous IV infusion during the day)
                          Mean (SD)                                                                                                                                         Placebo
                                    9
                                                                                                                                                                            TAK-925 5 mg

                                    8                                                                                                                                       TAK-925 11.2 mg
   Decreasing level of sleepiness




                                                                                                                                           End of infusion                  TAK-925 44.8 mg
                                    7

                                    6

                                    5                                                                                                                                                              TAK-925 improved
                                                                                                                                                                                                   subjective and objective
                                    4
                                                                                                                                                                                                   measures of wakefulness
                                    3

                                    2

                                    1

                                    0
                                        1    2             3              4              5              6             7              8              9            10             11
                                                               Hours after start of nine hour infusion1
   1. TAK-925 effective plasma half-life <2 hours
                                                                                                                                                                                                                                         125
   Evans R, Tanaka S, Tanaka S, et al. 2019. A phase 1 single ascending dose study of a novel orexin 2 receptor agonist, TAK-925, in healthy volunteers (HV) and subjects with narcolepsy type 1 (NT1) to assess safety, tolerability,
   pharmacokinetics, and pharmacodynamic outcomes. Abstract presented at World Sleep 2019. Vancouver, Canada. http://www.professionalabstracts.com/ws2019/iPlanner/#/presentation/1832
  TAK-925 MAINTAINED WAKEFULNESS IN SLEEP-DEPRIVED HEALTHY
  ADULTS IN A SECOND PHASE 1 STUDY
  SLEEP LATENCY IN THE MAINTENANCE OF WAKEFULNESS TEST (MWT) IN SLEEP-DEPRIVED HEALTHY ADULTS1

                                                                                                                                                  ***
                                    40
                                                                                                                                                   39
    (least squares means, 95% CI)




                                    30                                                           ***
           Average minutes




                                                                                                  25                                                                                       Results suggest potential
                                    20                                                                                                                                                     therapeutic use of TAK-925 in
                                                                                                                                                                                           other hypersomnia disorders
                                    10
                                                                                                                                                                                           not associated with orexin
                                                                                                                                                                                           deficiency
                                                  9

                                     0
                                          Placebo (n=20)                          TAK-925 44.8mg (n=18)                            TAK-925 112mg (n=18)


                                          TAK-925 was well-tolerated; most AEs were mild and no SAEs were observed


1. Evans R, Hazel J, Faessel H, et al. 2019. Results of a phase 1b, 4-period crossover, placebo-controlled, randomized, single dose study to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of TAK-925, a novel orexin 2
agonist, in sleep-deprived healthy adults, utilizing modafinil as an active comparator. Abstract presented at World Sleep 2019. Vancouver, Canada. http://www.professionalabstracts.com/ws2019/iPlanner/#/presentation/2821                           126
2. Int J Neurosci. 1990 May;52(1-2):29-37
***: p-value <0.001 relative to placebo
    WE ARE COMMITTED TO LEADING INNOVATION IN OREXIN BIOLOGY
    AND EXPANDING THERAPEUTIC INDICATIONS FOR OX2R AGONISTS
                           Rare primary hypersomnia disorders
                                                                                                                                                  Top priority
                                                                                                                                                  Other hypersomnia disorders
                                                                                                                                                  Additional opportunities for expansion

                                                                   Idiopathic
                                                                   Hypersomnia

                              Narcolepsy                                                                         Residual EDS
                              Type II                                                                            in Obstructive                  • TAK-925-1003 for Narcolepsy Type 2
                                                                                                                 Sleep Apnea1                      (NCT03748979)
                                                                                                                                  Hypersomnia
                                                                                             Shift Work                           disorders
                                                       Narcolepsy                            Sleep                                secondary to   • SPARKLE 2001 study for Residual EDS
                                                         Type I                              Disorder                             other            in Obstructive Sleep Apnea
                            REM                                                                                                   conditions       (NCT04091425)
                            disorders                                                                             EDS in other
                            under                                                                                 neurological                   • SPARKLE 2002 study for Idiopathic
                            evaluation                                                                            & psychiatric                    Hypersomnia (NCT04091438)
                                                                                                                  disorders
                                                             Metabolic disorders
                                                             under evaluation



                                                                                                                                                                                           127
REM: Rapid eye movement
1. Individuals with Obstructive Sleep Apnea who are compliant with use of continuous positive airway pressure at night
TAK-994 IS AN ORAL OX2R AGONIST PROGRESSING TO STUDIES IN
NARCOLEPSY TYPE 1
TAK-994-1501 PROOF OF CONCEPT STUDY IN NARCOLEPSY TYPE 1



                                                                     •   Multi-center, placebo-controlled
                                                                         trial in North America and Japan
                                                                     •   Enrollment target: 72 adults
                                                                     •   Duration of treatment: 28 days
                                                                         dosing
                                                                     •   Exploratory outcome measures
                                                                         include Maintenance of
                                                                         Wakefulness Test (MWT), Epworth
                                                                         Sleepiness Scale (ESS), and Weekly
                                                                         Cataplexy Rate (WCR)


                                                                                                              128
Proof of Concept trial: ClinicalTrials.gov Identifier: NCT04096560
DIGITAL TECHNOLOGIES ARE ENHANCING THE DEVELOPMENT OF
OX2R AGONISTS FOR SLEEP DISORDERS
TRADITIONAL CLINICAL INSTRUMENTS DO NOT FULLY MEASURE                                                                         DIGITAL MEASURES WILL FURTHER CHARACTERIZE SLEEP
SYMPTOMS OF SLEEP DISORDERS                                                                                                   ARCHITECTURE AND SUPPORT CLINICAL TRIAL ASSESSMENTS

            Hand-scored                                                                                                                                       Automated analysis of NT1 nPSG2
      polysomnography (PSG)1




                       •     Real-time data capture to understand disease burden and effects of treatment
                       •     Non-invasive measures to optimize therapy
                       •     Patient stratification using digital fingerprints
nPSG – Night time polysomnography                                                                                                                                                                               129

1. Approximately 80% interrater concordance based on Danker-Hopfe et al., J Sleep Res (2009) and Younes & Hanly, J Clin Sleep Med (2016); 2. Analysis shown is based on Stephansen et al., Nature Comm (2018)
WE ASPIRE TO BRING A POTENTIALLY TRANSFORMATIVE OX2R
AGONIST SOLUTION TO INDIVIDUALS WITH NARCOLEPSY TYPE 1
                                           • Achieved early Proof of Concept for NT1

                       TAK-925             • Awarded Breakthrough Therapy Designation
                                           • Awarded Sakigake Designation
                                           • Launched formulation development activities




            TAK-994, first oral OX2R          Initiate SPARKLE-1501 Proof of           Initiation of NT1 pivotal studies
            agonist, entered phase I          Concept study in NT1                     First approval targeted for 2024


TAK-994
                       FY19                                    FY20                                     FY21



          Thank you to all the study participants who have enrolled in these early OX2R agonist clinical trials
                                                                                                                           130
SUMMARY




 1                        2                         3
 TAK-925 has achieved     TAK-925 has               TAK-994 is an oral
 early Proof-of-Concept   demonstrated potential    OX2R agonist
 for OX2R agonists in     of OX2R agonists for      progressing to studies
 Narcolepsy Type 1        treatment of other        in Narcolepsy Type 1
                          sleep-related disorders



                                                                             131
R&D DAY AGENDA – NEW YORK, NOVEMBER 14, 2019

       TIME            AGENDA
                       Welcome and Opening Remarks
       12:30 – 12:35
                       Sheelagh Cawley-Knopf, Head R&D Global Portfolio Strategy
                       Takeda: A Global Values-Based, R&D-Driven Biopharmaceutical Leader
       12:35 – 12:45
                       Christophe Weber, President & CEO Takeda
                       Translating Science into Highly Innovative, Life-changing Medicines
       12:45 – 13:20
                       Andy Plump, President R&D
                       Oncology and Cell Therapies with Spotlight on CAR-NK
       13:20 – 13:45
                       Chris Arendt, Head Oncology Drug Discovery Unit
                       Spotlight on Oncology Opportunities
       13:45 – 14:05    • TAK-788 : Rachael Brake, Global Program Lead
                        • Pevonedistat : Phil Rowlands, Head Oncology Therapeutic Area Unit
       14:05 – 14:20   Break
                       Rare Diseases & Gene Therapy
       14:20 – 14:45
                       Dan Curran, Head Rare Disease Therapeutic Area Unit
                       Spotlight on Orexin2R agonists
       14:45 – 15:00
                       Deborah Hartman, Global Program Lead
                       Therapeutic Area Focus in GI with Spotlight on Celiac Disease
       15:00 – 15:20
                       Asit Parikh, Head GI Therapeutic Area Unit

       15:20 – 16:00   Panel Q&A Session

       16:00           Drinks reception
                                                                                              132
THERAPEUTIC AREA FOCUS IN GI WITH
SPOTLIGHT ON CELIAC DISEASE
Asit Parikh, MD, PhD
Head Gastroenterology Therapeutic Area Unit
Takeda Pharmaceutical Company Limited
New York, NY
November 14, 2019
    WE TARGET UNMET NEEDS THAT ALIGN WITH OUR STRENGTHS
AREAS OF FOCUS                                                                                  GI WW RX SALES 2018 (USD BN)                                                          TAKEDA GI DISEASE AREAS

                                                                                                       Total = $57Bn

                      High unmet medical need
                                                                                                                Other                                                                           GI inflammation
                                                                                                             GI GI
                      Potential to advance SoC                                                          Cancers    3.9
                      through innovative science – by
                      being first or best in class                                                                                                    18.2
                                                                                                            12.2

                                                                                                                                                                                                     GI motility
                      Fit with internal strengths

                                                                                                                                                  0.3 2.9
                                                                                                                  12.6                                                                              Liver fibrosis
                      Ability to create a commercially                                                                                       6.5
                      - viable path                                                                Viral hepatitis
                                                                                                                                                                                            Acid related diseases


                                                                                                                                                                                                                     134
SOURCE: Evaluate Pharma indication specific sales, accessed May 29, 2019. Other GI includes: pancreatic insufficiency, hepatic encephalopathy, diarrhea, bowel clearance, gallstones, hemorrhoids
 WE STRENGTHEN ENTYVIO BY CONTINUOUSLY IMPROVING
 VALUE FOR PATIENTS

           COMPETITIVE POSITIONING                                                                   EXPANDED PATIENT POPULATIONS                                                            GEOGRAPHIC EXPANSION
VARSITY: 1st Head-to-Head study in IBD (UC)                                                 Entyvio Subcutaneous Development                                                      Entyvio IV
• Vedolizumab was superior to adalimumab on                                                 • Positive VISIBLE UC and CD trials                                                   • Approved in 68 countries
  the primary endpoint of clinical remission at                                             • Subject to regulatory approval, on track to                                         • Launched in Japan (UC: Nov 2018,
  wk 52                                                                                       launch exclusive, digital, needle-free jet-                                           CD: May 2019)
• Onset of action as rapid as anti-TNF                                                        injector by 2022
                                                                                            Prefilled syringe           Autoinjector pen             Portal jet-injector




                                                                                            Gut GvHD prophylaxis
                                                                                            • Could transform SoC for cancer patients
                                                                                              undergoing allo stem-cell transplants

           EXPECTED                                                2019                                                              2020                                                              2021
        MILESTONES (FY)
                                                Entyvio (SC UC) US approval                                     Entyvio (SC CD) US, EU approval                                           Entyvio GvHD Ph3 readout
                                                                                                                Entyvio (SC UC) EU, JP approval
                                                                                                                Entyvio (IV) CN approval
 Source: Sands et al. Vedolizumab versus Adalimumab for Moderate-to-Severe Ulcerative Colitis. N Engl J Med 2019; 381:1215-1226
 IBD: Inflammatory Bowel Disease; UC: ulcerative colitis; CD: Crohn’s Disease; IV=intravenous; SC=subcutaneous; TNF=tumour necrosis factor; SoC: standard of care; CN: China; JP: Japan; GvHD: graft versus host disease;   135
 Clinical remission: Complete Mayo score of ≤2 points and no individual subscore >1 point
 WE ARE POSITIONED TO DELIVER NEAR-TERM & SUSTAINED GROWTH
                                                                   WAVE 11                                                                                                              WAVE 22
  TARGET                                                                                            CLINICAL-STAGE NMEs                                                                                                     PLATFORMS
 APPROVAL                          FY20              FY21              FY22              FY23              FY24                                                                 FY25 AND BEYOND
                                                   TAK-7883                            TAK-007            TAK-924                TAK-164           TAK-252
                                                    2L NSCLC                           Hematologic           AML               GI malignancies     Solid tumors                                                               TARGETED
                                                                                       malignancies                                                                                                         CELL THERAPY        INNATE   NEXT-GEN
          ONCOLOGY                                                                                                                                                                                          AND IMMUNE
                                                                                                                                                                                                             ENGAGERS          IMMUNE
                                                                                                                                                                                                                                        CHECKPOINT
                                                   TAK-9243                             TAK-788                                  TAK-573           TAK-981                                                                   MODULATION MODULATORS
                                                    HR-MDS                              1L NSCLC                                  R/R MM         Multiple cancers


                                                   TAK-620                             TAK-611            TAK-607               TAK-0794           TAK-754             TAK-755
                                                  CMV infect. in                         MLD (IT)      Complications of           MG, ITP             HemA               iTTP, SCD
                          Immunology
          RARE            Hematology
                                                   transplant                                            prematurity                                                                                            GENE
                                                                                                                                                                                                               THERAPY
          DISEASES        Metabolic
                                                   TAK-609                              TAK-755                                  TAK-531
                                                 Hunter CNS (IT)                           cTTP                                  Hunter CNS


                                                                                       TAK-935         Orexin2R-ag               TAK-341         Orexin2R-ag           TAK-041
                                                                                           DEE          (TAK-925/994)            Parkinson’s     Sleep Disorders         CIAS NS                                                OTHER
                                                                                                        Narcolepsy T1             Disease                                                                       GENE          PLATFORMS
                                                                                                                                                                                                               THERAPY        RNA Modulation

          NEUROSCIENCE                                                                                                           TAK-418           TAK-653             TAK-831                                               Antibody Transport
                                                                                                                                                                                                                                   Vehicle
                                                                                                                              Kabuki Syndrome          TRD               CIAS NS

                                                                                                                              WVE-120101 WVE-120102
                                                                                                                                Huntington’s      Huntington’s
                                                                                                                                  Disease           Disease


                                 TAK-721                                                                                        Kuma062            TAK-101             TAK-018              TAK-671
                                       EoE                                                                                     Celiac Disease     Celiac Disease    Crohn’s Disease           Acute
          GASTRO-                                                                                                                                                   (post-op and ileitis)   Pancreatitis        GENE
                                                                                                                                                                                                                              MICROBIOME
                                                                                                                                                                                                                                                    CELL
                                                                                                                                                                                                               THERAPY                            THERAPY
          ENTEROLOGY                                                                                                             TAK-954           TAK-906             TAK-951
                                                                                                                                   POGD           Gastroparesis          Nausea &
                                                                                                                                                                         vomiting


                                                   TAK-003                                                                       TAK-214           TAK-426             TAK-021
          VACCINES                               Dengue Vaccine                                                                  Norovirus         Zika Vaccine       EV71 vaccine
                                                                                                                                  Vaccine

1. Projected timing of approvals depending on data read-outs; some of these Wave 1 target approval dates assume accelerated approval                                                          Orphan potential in at least one indication
2. Some Wave 2 assets could be accelerated into Wave 1 if they have breakthrough data                                                                                                                                                               136
                                                                                                                                                                                              Estimated dates as of November 14, 2019
3. Projected approval date assumes filing on Phase 2 data
4. TAK-079 to be developed in Rare Diseases indications myasthenia gravis (MG) and immune thrombocytopenic purpura (ITP) (FPI projected in each indication in 2H FY19)
TAK-721: ON TRACK TO BE THE FIRST FDA APPROVED
AGENT TO TREAT EOSINOPHILIC ESOPHAGITIS (EOE)
                                                                                                        INDUCTION DATA SHOWS SIGNIFICANT
ADDRESSES SIGNIFICANT UNMET NEED                                                                        HISTOLOGIC AND SYMPTOM RESPONSE

• Chronic, allergic, inflammatory condition of the esophagus                                                   Results presented at presidential plenary at ACG, Texas, Oct 2019
  that results in swallowing dysfunction
                                                                                                          Histologic Response at 12 Weeks (peak ≤ 6 eosinophils/hpf on biopsy)
• Diagnosed prevalence is expected to increase significantly
                                                                                                                                                         p < 0.001
                                                                                                                                     60




                                                                                                            Proportion of patients
                  No approved US medication                                                                                          40
                  SOC is food elimination, off-label use1




                                                                                                                     (%)
                                                                                                                                     20
                                                                                                                                                                      53.1%
                                                                                                                                                                      53.1%
                                                                                                                                                      1.0%
                                                                                                                                      0
                 TAK-721 granted breakthrough therapy
                 designation by FDA in 2016
                                                                                                          Symptom Response at 12 Weeks (≥ 30% reduction in DSQ score)
                                                                                                                                     60                  p = 0.024




                                                                                                            Proportion of patients
                                                                                                                                     40

                                                                                                                                                                      52.6%
                                                                                                                                                                      52.6%




                                                                                                                     (%)
      EXPECTED       2019                                   2020                      2021                                           20              39.1%
                                                                                                                                                     39.1%
MILESTONES (FY) Q4: Maintenance                         Q2: NDA filing           Q1: Launch
                                TL results              Q4: Approval                                                                  0
                                                                                                                                          Placebo (n = 105)              2 mg BID (n=213)


 1. Swallowed use of glucocorticoids intended for asthma (e.g., home or compounded thickening of   DSQ score: Dysphagia Symptom Questionnaire patient reported outcome score eos/hpf: peak eosinophils per         137
 budesonide solution, or swallowing fluticasone aerosol).                                          high-powered field from endoscopic biopsies
                                                                                                   Eos/hpf: eosinophils per high-power field; BID: Twice daily; SOC: Standard of care; NDA: new drug application
CELIAC DISEASE IS AN EXAMPLE OF A HIGH UNMET
NEED AREA WITH NO THERAPIES



               ~1%                                       ~40%                                       ~1M

                                                                                                   Estimated
                                              Patients still suffer from
        Global population                                                                        global, eligible
                                              symptoms despite being
        affected by celiac1                                                                         patient
                                                on a gluten-free diet
                                                                                                  population2


    •    Overlooked disease, growing prevalence
    •    Chronic symptoms
    •    Higher risk of certain cancers                                                                                                       Some of us are so extremely sensitive that
    •    High treatment burden affecting the whole family                                                                                     one little crumb will make us extremely sick.
                                                                                                                                              I'm one of those people, and there is really
    •    No current pharmacologic therapies
                                                                                                                                              nothing I can do about it
                                                                                                                                                                     – Delisi, Celiac disease patient
1. Pooled global prevalence; Clin Gastroenterol Hepatol. 2018 Jun;16(6):823-836                                                                                                                         138
2. Estimated number of patients projected eligible for treatment, in markets where the product is anticipated to be commercialized, subject to regulatory approval
WE ARE FOCUSING ON THE NARROWEST
POPULATION WITH HIGH UNMET NEED




                                                                                            20%   Moderate     Our focus:
                                                                                                                • Niche patient segment
                                                                                                                  with the highest unmet
                                                    40%             Uncontrolled* on GFD                          need
                                                                                                                • Severe symptoms with
                                                                                                                  villous atrophy
                                                                                            18%   Severe        • Continue to suffer
                          60%                                                                                     despite the GFD and are
                                                                                                                  highly likely to take a
                          Controlled on Gluten                                                                    therapy
                                                                                            2%    Refractory
                          Free Diet (GFD)



*Uncontrolled defined as ongoing chronic moderate to severe symptoms with villous atrophy                                                   139
OUR APPROACH TO TREATING CELIAC DISEASE
 TREATMENT OPPORTUNITIES FOR CELIAC DISEASE

           1



                                                                          1 Enzymatic digestion of gluten    Kuma062 promises greatly increased
                                              3   Microbiome Modulation                                      enzymatic efficiency and improved
                                                                          2 Reduce intestinal permeability   formulation over predecessors
                                  2
                                                                          3 Microbiome modulation

                                                                          4 Cytokine inhibition
                                                              4
                                                                          5 Transglutaminase inhibition
                                      5


                                                                          6 Promote Immune tolerance         TAK-101 (TIMP-GLIA) has the
                                          6                                                                  potential to be a first in class,
                                                                                                             tolerizing immune therapy for celiac
                                                                                                             disease



Source: Green and Cellier, 2007

                                                                                                                                              140
KUMA062: A HIGHLY POTENT ORAL GLUTENASE THAT COULD CHANGE
THE STANDARD OF CARE IN CELIAC DISEASE
                                                                       CLINICAL DATA SHOWS KUMA062 CAN DEGRADE
ABOUT KUMA062                                                          >95% OF INGESTED GLUTEN
• Kuma062 is an oral, computationally-engineered super glutenase
• Enhanced catalytic activity compared to other glutenases                             Gluten recovery in gastric contents aspirated 30mins after
                                                                                                     meal containing 3g of gluten
      Optimal activity at
                                           Resistance to common
     the pH range of the                                                             800
                                           digestive proteases                                               p = 0.001
   stomach after a meal                                                              700




                                                                       Gluten (mg)
                                                                                     600
                                                                                     500                                 >95% gluten
                                                                                     400                                 degradation
                                                                                     300
                                                                                     200
                                                                                     100
                                                                                       0
                                                                                            Placebo (n=13)      900mg Kuma062    900mg Kuma062 +
  Specificity for peptides                 Eliminates ex vivo T cell                                                (n=12)         Nexium (n=13)
      with immunogenic                     response to all 3 major
        regions of gliadin                 gliadin families                     • Kuma well-tolerated, no identified safety concern
                                                                                • Decision to acquire PVP Biologics expected Q3 FY2019


                                                                                                                                                    141
TAK-101: POTENTIAL BEST-IN-CLASS, INTRAVENOUS THERAPY FOR
CELIAC DISEASE DESIGNED TO MODIFY T CELL RESPONSE
ABOUT TAK-101*                                                      TAK-101 REDUCES IMMUNE ACTIVATION AFTER GLUTEN EXPOSURE
                                                                                                 Interferon-gamma ELISPOT measurement of gluten-responsive T cells
 • Biodegradable polymer encapsulating antigen
 • Designed to induce tolerance to gluten, reduce T cell                                               30




                                                                     Increase in gluten-responsive T
   responses to gliadin                                                                                25                       p = 0.0056




                                                                     cells (spot-forming units)
                                                                                                       20
                                                                                                                                       Treatment with TAK-101
                                                                                                       15                                  reduced immune
                                                                                                                                          activation by >85%
                                                                                                       10

                                                                                                        5

                                                                                                        0
                                                                                                                    Placebo                   TIMP-GLIA
                                                                                                                     n=16                       n=13
                              PROPRIETARY PARTICLE SURFACE
                              PARTICLE CORE PROGRAMMED WITH
                                                                    TAKEDA ACQUIRED EXCLUSIVE GLOBAL LICENSE TO TAK-101
                              GLIADIN TO INDUCE TOLERANCE


 • Expected to provide durable (3 months or longer) down
   regulation of T cell responses to immunogenic gliadin peptides



*Formerly TIMP-GLIA                                                                                                                                              142
Source: https://www.courpharma.com/our-technology/
WE ARE LEADING THE SCIENCE IN CELIAC DISEASE
WITH A NEW AI - BASED TOOL AND INGESTIBLE DEVICE

        PIONEERING AT BOUNDARIES                    INNOVATIVE USE                             PRECISION
        OF CLINICAL MEDICINE                        OF TECHNOLOGY                              MEASUREMENT USING AI

•   Innovative, non-invasive, patented   •   Ingestible high resolution camera pill   •   Pioneering Automated Image
    method of measuring total burden     •   Modern machine-learning/ AI based            assessment quantifies disease burden
    of intestinal disease                    image processing




                                                                                                                          143
TAKEDA IS THE BEST COMPANY TO BRING
CELIAC THERAPIES TO PATIENTS


World-class, fully connected GI commercial infrastructure
across 65+ countries that supports $6bn+ revenues           • Extensive GI clinical footprint

                                                            • Strong reputation for scientific
                                                              excellence

                                                            • Lauded for calculated risk-taking by
                                                              the GI community

                                                            • Experience with redefining
                                                              guidelines and treatment paths




                                                                                                 144
NME MILESTONES ACHIEVED IN FY19 AND LOOKING AHEAD TO
OTHER POTENTIAL MILESTONES1 THROUGH FY20
                                                                                    PIVOTAL STUDY STARTS, APPROVALS


                         MLD                                       PEVONEDISTAT       AML                                                                                              EoE
     TAK-611
                         Ph 2 start2                              TAK-924            Ph 3 start
                                                                                                                                                                          TAK-721
                                                                                                                                                                                       Approval

                         cTTP                                                         1L NSCLC                                                                                         Huntington’s Disease
     TAK-755
                         Ph 3 start
                                                                   TAK-788
                                                                                      Ph 3 start
                                                                                                                                                                          mHTT ASO
                                                                                                                                                                                       Pivotal start


                1H FY 2019                                                   2H FY 2019                                                    1H FY 2020                               2H FY 2020
                         Narcolepsy                                PEVONEDISTAT       HR-MDS                                                        2L NSCLC
     TAK-925
                         POC                                      TAK-924            Ph 2 Overall Survival
                                                                                                                                 TAK-788
                                                                                                                                                    Ph 2 Pivotal
                                                                                                                                                                          TAK-620
                                                                                                                                                                                        R/R CMV SOT & HSCT
                                                                                                                                                                                        Ph 3 data

     TAK-721
                         EoE
                         Ph 3 data (induction)                    TAK-007
                                                                                      Hem. Malignancies
                                                                                      POC
                                                                                                                                 TAK-573
                                                                                                                                                    R/R MM, Solid Tumor
                                                                                                                                                    POC
                                                                                                                                                                          TAK-755
                                                                                                                                                                                        iTTP
                                                                                                                                                                                        POC

                         Celiac Disease                                               Hunter (IT)                                                                                      DEE
     TAK-101
                         POC
                                                                   TAK-609
                                                                                      Ph 3 data 2yr extension
                                                                                                                                                                          TAK-935
                                                                                                                                                                                       POC

                                                                                      Huntington’s Disease                                                                              Gastroparesis
                                                                   mHTT ASO                                                                                               TAK-906
                                                                                      POC                                                                                               POC

                                                                                      EoE                                                                                              Nausea & Vomiting
                                                                   TAK-721                                                                                                TAK-951
                                                                                      Ph 3 data (maintenance)                                                                          POC

       Oncology

       Rare Disease

       Neuroscience

       Gastroenterology

 Denotes milestones that have been achieved.
                                                                                                    KEY DATA READOUTS
                                                                                                                                                                                                              145
1. Potential key milestone dates as of November 14, 2019. The dates included herein are estimates based on current data and are subject to change
2. Potentially registration enabling
SUMMARY




 1                         2                        3
 We have built an          We are well              We have multiple
 industry-leading          positioned to bring      milestones, including
 portfolio rooted in       the first therapies to   expected key approvals
 unparalleled scientific   celiac patients that     in the next 2 years that
 excellence and            could change the         will be transformative
 outstanding global        standard of care         for patients
 commercial strength
                                                                           146
R&D DAY AGENDA – NEW YORK, NOVEMBER 14, 2019

       TIME            AGENDA
                       Welcome and Opening Remarks
       12:30 – 12:35
                       Sheelagh Cawley-Knopf, Head R&D Global Portfolio Strategy
                       Takeda: A Global Values-Based, R&D-Driven Biopharmaceutical Leader
       12:35 – 12:45
                       Christophe Weber, President & CEO Takeda
                       Translating Science into Highly Innovative, Life-changing Medicines
       12:45 – 13:20
                       Andy Plump, President R&D
                       Oncology and Cell Therapies with Spotlight on CAR-NK
       13:20 – 13:45
                       Chris Arendt, Head Oncology Drug Discovery Unit
                       Spotlight on Oncology Opportunities
       13:45 – 14:05    • TAK-788 : Rachael Brake, Global Program Lead
                        • Pevonedistat : Phil Rowlands, Head Oncology Therapeutic Area Unit
       14:05 – 14:20   Break
                       Rare Diseases & Gene Therapy
       14:20 – 14:45
                       Dan Curran, Head Rare Disease Therapeutic Area Unit
                       Spotlight on Orexin2R agonists
       14:45 – 15:00
                       Deborah Hartman, Global Program Lead
                       Therapeutic Area Focus in GI with Spotlight on Celiac Disease
       15:00 – 15:20
                       Asit Parikh, Head GI Therapeutic Area Unit

       15:20 – 16:00   Panel Q&A Session

       16:00           Drinks reception
                                                                                              147
Panel Q&A Session




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