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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 13, 2025
TANGO THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-39485 |
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85-1195036 |
(State or other jurisdiction of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
201 Brookline Avenue
Suite 901
Boston, MA 02215
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: 857-320-4900
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common stock, par value $0.001 per share |
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TNGX |
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The Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On January 13, 2025, Tango Therapeutics, Inc. (the “Company”) disclosed that its cash, cash equivalents and marketable securities as of December 31, 2024 totaled $257.9 million (unaudited). The information in this Item 2.02 does not present all information necessary for an understanding of the Company’s financial condition as of December 31, 2024.
Item 7.01. Regulation FD Disclosure.
On January 13, 2025, the Company updated its corporate presentation to be used from time to time with investors, analysts and other third parties. A copy of the Company’s presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information disclosed under Item 2.02 and 7.01, as well as Exhibit 99.1 to the Current Report on Form 8-K, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section. Nor shall such document be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in the filing, unless specifically stated so therein.
Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the Company’s anticipated financial results and cash runway. The use of words such as “anticipate,” “believe,” “continue,” “could,” “endeavor,” “estimate,” “expect,” “anticipate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will” or “would” or the negative of such words or other similar expressions can be used to identify forward-looking statements. Each forward-looking statement is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statement, including (i) the initiation, timing, progress, and cost of our research and development programs and our current and future preclinical studies and clinical trials (including combination clinical trials), enrollment and dosing in our clinical trials (including combination clinical trials), and the timing of initial and interim (and final) safety and efficacy or clinical activity data from our clinical trials may not take place in the timeframe that the Company expects; and (ii) we may be required to utilize our cash resources more quickly than we expect. These and other risks and uncertainties are described in additional detail in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K filed March 18, 2024 and its other filings made with the SEC from time to time. Although the Company’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by the Company. As a result, you are cautioned not to rely on these forward-looking statements. Any forward-looking statement made in this Current Report on Form 8-K speaks only as of the date on which it is made. Except as required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 13, 2025
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TANGO THERAPEUTICS, INC. |
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By: |
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/s/ Douglas Barry |
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Name: Douglas Barry |
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Title: General Counsel |
Exhibit 99.1 The next wave of targeted therapies in oncology Corporate
Overview January 2025 | 1
Disclaimer and Safe Harbor Statement Certain statements in this
presentation may be considered forward-looking statements. Forward-looking statements generally relate to future events, Tango’s future financial and operating performance, goals, expectations, beliefs, development plans, as well as
development and clinical trial objectives for Tango’s product pipeline (as individual therapies and combination therapies with other party’s drugs). In some cases, you can identify forward-looking statements by terminology such as
“may”, “should”, “expect”, “intend”, “will”, “path”, “achievable”, “milestones”, “goal”, “forecast”, “estimate”,
“potential”, “anticipate”, “believe”, “predict”, or “continue”, or the negatives of these terms or variations of them or similar terminology. For example, express or implied statements
concerning the following include or constitute forward-looking statements: the potential for the Company to have best-in-class oral PRMT5 inhibitors; the Company’s belief that it has a significant opportunity to treat multiple common cancers;
the Company’s expected cash runway into the third quarter of 2026; the Company’s belief that TNG260 may become a first-in-class oral CoREST inhibitor; the potential for TNG462 to have best-in-class tolerability; the Company’s
planned and ongoing clinical trials, including the anticipated timing for enrollment and the timing to report results and updates of such trials; the Company’s belief that TNG462 has the potential to be a best-in-class molecule for multiple
MTAP-deleted solid tumors; the potential for TNG462 activity in cholangiocarcinoma to indicate activity in lung and pancreatic cancer; the Company’s expectations regarding its PRMT5 inhibitors as compared to competitor molecules; the
anticipated milestones for the Company’s drug programs, including the timing for patient dosing, dose escalation, dose expansion, and clinical updates; the timing of initial and interim (and final) safety and efficacy or clinical activity data
and results from clinical trial(s); the timing of first-in-human and clinical trials; the timing of IND-enabling or registrational studies; the timing of clinical trial initiation, dose escalation, and dose expansion (including for combination
studies); the timing of disclosure for initial, interim, additional and final clinical trial results or safety and efficacy data; the expected benefits of the Company's development candidates and other product candidates (including for combination
studies); the potential for a large patient population to be treated with Tango’s PRMT5 inhibitors; potential combination strategies and uses for PRMT5 inhibitors, including TNG462 and TNG456; the development plans for the PRMT5 franchise
(including future clinical trials); future clinical trial designs; TNG260 future clinical trials strategy and implementation; the significant patient opportunities for the Company’s pipeline therapies; the Company’s key future
milestones; the anticipated benefits of synthetic lethal drugs; expectations regarding the benefits and success of collaborations and combination clinical trials; and the anticipated benefits of its current and future product candidates including
those identified in the future through the Tango discovery platform; the potential of TNG462 to have broader and deeper clinical activity in MTAP-deleted solid tumors; expectations around TNG 456’s clinical efficacy, including its potential to
treat glioblastoma and central nervous system metastases; the development and regulatory pathway for TNG462, TNG456, or TNG260. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results
to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Tango and its management at the time of this
presentation, are inherently uncertain. Drug development, clinical trials and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. New risks and
uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: Tango has a limited
operating history and has not generated any revenue to date from drug sales, and may never become profitable; future clinical trial data releases may differ materially from initial or interim data from our current and future clinical trials; Tango
has limited experience with conducting clinical trials (and will rely on third parties to operate its clinical trials) and may not be able to commence any clinical trial, enroll and dose patients when expected and may not generate results in the
anticipated timeframe (or at all); dosing (including dose expansion) in clinical trials may need be delayed or may be stopped for various reasons, including due to any potential issues at the site, safety issues or supply disruptions; any
significant changes required to be made to an applicable IND application or protocol could significantly delay on-going clinical trials); the benefits of Tango pipeline products (stand-alone and as potential combination therapies) that are seen in
preclinical experiments may not be present in clinical trials or in use commercially or may not be safe and/or effective in humans (and Tango or a third-party may not be able to obtain approval or commercial sales of any stand-alone or combination
therapies); Tango has incurred significant operating losses and anticipates continued losses for the foreseeable future; Tango will need to raise capital in the future and if it is unable to raise capital when needed or on attractive terms, the
Company would be forced to delay, reduce, or eliminate or discontinue some development programs or future commercialization efforts; Tango may be unable to advance the preclinical development programs into and through the clinic for safety or
efficacy reasons or experience significant delays in doing so as a result of factors beyond Tango’s control; the expected benefits of our product candidates in patients as single agents and/or in combination may not be realized; the Company
may experience delays or difficulties in the initiation, enrollment, or dosing of patients in clinical trials or the announcement of clinical trial results; Tango’s approach to the discovery and development of product candidates is novel and
unproven, which makes it difficult to predict the time, cost of development, and likelihood of successfully developing any products; Tango may not identify or discover development candidates (including next generation products) or may expend a
portion of its limited resources to pursue a particular product candidate or indications and fail to capitalize on product candidates or indications that may be more profitable or for which there is a greater likelihood of success; delays or
difficulties in the initiation, enrollment or dosing of patients in clinical trials could delay or prevent receipt of regulatory approvals or reporting trial results; our product candidates may cause adverse or other undesirable side effects that
could, among other things, delay or prevent regulatory approval; our dependence on third parties for conducting clinical trials and producing drug product (including the potential impact of the BIOSECURE Act on our supplier of drug substance); our
ability to obtain and maintain patent and other intellectual property protection for our technology and product candidates or the scope of intellectual property protection obtained is not sufficiently broad; and delays and other impacts on product
development and clinical trials from public health events. Additional information concerning risks, uncertainties and assumptions can be found in Tango’s filings with the SEC, including the risk factors referenced in Tango’s Annual
Report on Form 10-K for the year ended December 31, 2023, as may be supplemented and/or modified by its most recent Quarterly Report on Form 10-Q. You should not place undue reliance on forward-looking statements in this presentation, which speak
only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Tango specifically disclaims any duty to update these forward-looking statements. Certain information contained in this
Presentation relates to or is based on studies, publications, surveys and Tango’s own internal estimates and research. In addition, market data included in this presentation involve assumptions and limitations, and there can be no guarantee as
to the accuracy or reliability of such assumptions. Finally, while Tango believes its internal research is reliable, such research has not been verified by any independent source. | 2
COMPANY OVERVIEW | 3
Significant opportunity to treat multiple common cancers Potential
best-in-class oral PRMT5 inhibitors First-in-class oral CoREST inhibitor TNG462 TNG260 TNG462 TNG456 • Key indications are lung and • Key indication is glioblastoma • Key indication is STK11-mut lung pancreatic cancer cancer
– 45% of GBM is MTAP-del – 15% of lung cancer is MTAP-del (7K pts/yr) – 20% of lung cancer is STK11 (22K pts/yr US) mut (25K pts/yr US) • CNS penetrant in preclinical – ~35% of pancreatic cancer is studies •
Proof-of-mechanism demonstrated MTAP-del* (15K pts/yr US) in lung cancer patients • Highly potent and selective • Durable responses in multiple • Dose expansion cohort ongoing • First patient dose planned cancer types
demonstrated in 1H2025 • Phase 1/2 clinical update in 2025 phase I • Potential best-in-class tolerability • Actively enrolling 250 mg QD dose expansion cohort • Phase 1/2 clinical update in 2025 O’Kane GM et al. Cancer
Res, 2024 | 4
~50K total treatable MTAP-deleted patients/year (US) MTAP Number of
cases deletion % Large unmet need NSCLC 15% Pancreatic 22%-35% ~15K GBM/glioma 46% • MTAP deletion confers sensitivity Bladder 26% to PRMT5 inhibitors Breast 4% • Up to ~37K MTAP-del lung and Melanoma 16% pancreatic cancer patients/yr
(US) Esophageal 21% • Recent data from DFCI and others Gastric 9% demonstrate MTAP-deletion Renal 3% incidence in pancreatic cancer to Sarcoma 9% ~35% increasing the treatable Mesothelioma 32% patients to 15K/year (US)* Ovarian 3% Uterine 2%
Liver 3% Cholangio 11% Prostate 1% Head and Neck 15% O’Kane, G.M et al. Cancer Res., 2024 | 5
TNG462 and TNG456 selectively inhibit PRMT5 in MTAP-deleted cancers
Normal cells MTAP-del cancer cells Key points Me • TNG462 and TNG456 selectively kill MTAP-del SAM MTA cancer cells while sparing Client normal cells protein • TNG462 and TNG456 Active PRMT5 Inactive PRMT5 lock PRMT5-MTA into the
inactive state (MTA cooperative) • Inactive MTA-PRMT5 complexes • Active SAM-PRMT5 complexes predominate in MTAP-del cancer predominate in normal cells cells • Non-MTA cooperative PRMT5 • MTA-cooperative PRMT5 inhibitors
inhibitors are equally cytotoxic in preferentially kill MTAP-del cells normal and MTAP-del cells | 6
SAM MTAP-del cancers are uniquely sensitive to PRMT5 inhibition MTAP
deletion occurs in 10-15% of cancers X MTAP deletion causes MTA accumulation only in cancer cells X MTA partially inhibits PRMT5 by replacing SAM MTA SAM MTA MTA activates PRMT5 in normal cells TNG462 inhibit PRMT5 only in MTAP-del cancer cells
PRMT5 when MTA is bound TNG456 Essential methyl transferase regulates ~90 client proteins | 7
Tango PRMT5 inhibitors have superior preclinical efficacy LU99 non-small
cell lung cancer MTAP del, KRAS mut Tango PRMT5 inhibitors TNG462 TNG456 MRTX1719 AMG 193 MRTX1719 Engstrom et al., 2023 Belmontes et al., 2024 Deep tumor Deep tumor Tumor stasis Tumor growth inhibition regression regression | 8
A clinical pipeline targeting multiple high-value indications PATIENT
TARGET MOLECULE INDICATIONS CLINICAL TRIALS STATUS SELECTION Pre-clinical Phase 1/2 Phase 3 Pancreatic, lung, MTAP-del other non-CNS Dose expansion ongoing cancers cancer Pancreatic and + RASi Enrollment 1H2025 lung cancer TNG462 +pembrolizumab Lung
cancer Enrollment 1H2025 PRMT5 +SOC Pancreatic and Enrollment 2H2025 chemotherapy lung cancer MTAP-del Glioblastoma Enrollment 1H2025 TNG456 cancers STK11-mut Lung cancer Dose expansion ongoing CoREST TNG260 cancers All programs wholly owned by
Tango | 9
TNG462 PRMT5 inhibition in MTAP-deleted cancers | 10
TNG462 is a potentially best-in-class PRMT5 inhibitor Durable clinical
responses in late-line lung and pancreatic cancer • RECIST PRs and durable disease control in multiple cancers • 24 weeks mPFS in dose escalation cohort of late-line, difficult-to-treat cancers (active doses) • Excellent safety and
tolerability profile • Phase 1/2 study ongoing, focused enrollment in 250 mg expansion cohort • Key indication for development - MTAP-deleted lung and pancreatic cancer (~35K patients/yr US) mPFS Potency MTAP selectivity CNS exposure
(dose escalation) TNG462 4 nM 45X 24 weeks No TNG908 110 nM 15X 16 weeks Yes Data cutoff 20 October 2024 | 11
TNG462 dose expansion enrolling in multiple histologies PHASE 1/2 STUDY
DOSE EXPANSION (ongoing) • Durable activity in multiple cancer types with excellent Non-small cell lung DOSE tolerability profile ESCALATION • Dose expansion ongoing at 250 Pancreatic mg QD • Solid tumors with MTAP deletion •
First monotherapy registration trials planned in 2L pancreatic Histology-agnostic solid tumors and lung cancer Enriched for cholangiocarcinoma, • First patient dosed July mesothelioma, and bladder cancers 2023 • 59 patients enrolled (13
histologies) First patient dosed • 39 evaluable patients at July 2024 active doses • MTD 300 mg Data cutoff 20 October 2024 | 12
TNG462 phase 1 study demonstrates durable clinical activity and better
tolerability than other PRMT5 programs Demonstrated best-in-class potential • RECIST partial responses in multiple tumor types, including NSCLC and pancreatic cancer* • Median time to RECIST response 16 weeks • 24 weeks mPFS in
escalation cohort (AMG193 16 weeks, BMS not disclosed) • Data continue to mature, with longest follow up in cholangiocarcinoma subset ‒ 43% TNG462 ORR in cholangiocarcinoma (n=7) compares favorably to competitor molecules ‒18%
BMS-504 (n=11) ‒15% AMG193 (n=13) • Excellent tolerability profile with less fatigue and GI toxicity than competitors • Ongoing enrollment focused on lung and pancreatic cancer • TNG462 combinations with RAS inhibitors and
multiple standard of care regimens this year *59 patients enrolled, 13 histologies Data cutoff 20 October 2024 39 evaluable patients at active doses (160-300 mg QD) | 13
TNG462 on-target cytopenias occur at predicted exposures Efficacious
TNG462 exposure at clinically active doses 15 Dose limiting cytopenias 600 12 mg observed Predicted cytopenia threshold based 9 on GSK595 clinical data Cl 300 mg 6 Clinically active and well- tolerated 3 Clinical efficacy threshold 0 0 5 10 15 20 25
Time hours Error bars represent SEM | 14 Fold Over Free Cave Mouse Efficacy
TNG462 activity in cholangiocarcinoma as a potential indicator of
activity in lung and pancreatic cancer TNG462 ORR 43% Key points • 3/7 evaluable patients treated at BOR active doses with RECIST PRs -2%‒ TNG462 43% -36% ‒ BMS-504 18% (2/11) -49% ‒ AMG 193 15% (2/13) -48% -42% Stable
disease • Compares favorably to previously 0% Evaluable patients treated cholangiocarcinoma patients -16% receiving 2L chemotherapy* – ORR ~7% (standard of care) – PFS 14 weeks cPR uPR Data cutoff 20 October 2024 *Amonkar et al,
Future Oncology, 2024 | 15
TNG462 safety and tolerability profile is superior to competitors
TNG462 BMS-504 AMG 193 200 mg* 200-600 mg 1200 mg TNG462 160/200 mg 6/18 dose reductions (33%) 0/30 dose reductions (0%) Dose reductions unknown Significant nausea, vomiting, No thrombocytopenia Frequent GI side effects decreased appetite, fatigue,
Minimal nausea and fatigue 10% dysgeusia dysgeusia and CNS effects No dysgeusia ENA 2024 ESMO 2024 Currently evaluating 250 mg QD in lung and pancreatic cancer *Includes dose escalation patients at 160 mg QD Data cutoff 20 October 2024 |
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TNG462 combinations enable use in first line indications Multiple
combinations to start 2025 First line standard of care combinations • Pembrolizumab in lung cancer • FOLFIRINOX in pancreatic cancer • Gemcitabine/abraxane in pancreatic cancer • Carboplatin/pemetrexed in lung cancer (adeno)
• Carboplatin/paclitaxel in lung cancer (squamous) Targeting RAS-mut/MTAP-del cancers in collaboration with Revolution Medicines • TNG462 + RMC-6236 in RAS-mut and MTAP-del lung and pancreatic cancer • TNG462 + RMC-9805 in RAS
G12D-mut and MTAP-del lung and pancreatic cancer | 17
TNG462 + KRAS inhibition is very active in preclinical models TNG462 +
RMC-9805 TNG462 monotherapy KP4 KP4 G12D G12D MTAP-null, KRAS PDAC CDX MTAP-null, KRAS PDAC CDX *TNG462 exposure in combination formulation predicted equivalent to 30 mpk monotherapy • 40% of pancreatic cancers have a KRAS G12D driver mutation
• Clinical collaboration with Revolution Medicines to evaluate TNG462 + RMC-9805 (RAS G12D-selective) and TNG462 + RMC-6236 (RAS multi-selective) | 18
TNG908 Clinically active CNS-penetrant PRMT5 inhibitor replaced by
next-gen molecule TNG456 | 19
TNG908 is a clinically active PRMT5 inhibitor Discontinued in favor of
TNG462 and TNG456 (CNS) • Effective in multiple cancers including lung and pancreatic cancers • 16 weeks mPFS in dose escalation cohort of late-line, difficult-to-treat cancers • No evidence of activity in glioblastoma, CNS
exposure below efficacy threshold • Phase 1/2 study stopped enrollment November 2024 mPFS Potency MTAP selectivity (dose escalation) TNG908 110 nM 15X 16 weeks TNG462 4 nM 45X 24 weeks TNG456 20 nm 55X NA | 20
TNG908 is active and well-tolerated in non-CNS solid tumors All
patients • TNG908 dose escalation began August 2022, dose expansion began April 2024 • 110 patients enrolled All non-CNS solid tumors • 77 patients enrolled, 39 evaluable at active doses (24 histologies) • 8 partial responses
observed (4 confirmed, 3 yet to confirm, 1 failed to confirm) • Median time on study in escalation at active doses* 16 weeks (24 weeks for TNG462) Pancreatic cancer • 4/11 patients with partial responses (ORR 36%), 3/11 patients with
stable disease • Longest time on study 84 weeks+ Glioblastoma • 33 patients enrolled, 23 evaluable at active doses • Median time on study less than 8 weeks • CSF exposure ~30% of plasma exposure is below efficacy threshold *
active dose range 400-900 mg BID Data cutoff 6 Jan 2025 | 21
TNG908 is active across histologies TNG908 400-900 mg QD
Histology-specific activity (n=41) Pancreatic cancer (36% ORR) • n=14, 11 evaluable • 4 PR (3 ongoing) • 3 SD (1 ongoing) NSCLC (11% ORR) • n=12, 9 evaluable • 1 PR (ongoing) * * * * • 7 SD (3 ongoing, 2 near PR)
* Confirmed partial response Stable disease Partial response Failed to confirm partial response Progressive disease As of 1/6/25 CCC – clear cell carcinoma; CUP – carcinoma of unknown primary; EPEND – ependymoma; MESO –
mesothelioma; MPNST – malignant peripheral nerve sheath tumor; NSCLC – non-small cell lung cancer, Confidential | 22 RCC – renal cell carcinoma; SARC – sarcoma; PSCC – pancreatic spindle cell carcinoma; VPCCC –
velopalatine clear cell carcinoma SARC PDAC SARC PSCC PDAC PDAC PDAC RCC MESO PDAC MESO SARC NSCLC PDAC NSCLC EPEND NSCLC NSCLC MESO MPNST CUP VPCCC PDAC NSCLC SARC MESO MPNST MESO Ovarian NSCLC SARC NSCLC NSCLC MESO PDAC PDAC Urothelial PDAC PDAC
NSCLC RCC
TNG908 is clinically active, TNG462 has the potential to be best-in-
class TNG462 • TNG462 target coverage is 2-4X better than TNG908 • TNG462 median time on treatment of 24 weeks is notably longer than TNG908 (16 weeks) • TNG462 tolerability profile is superior to TNG908 with less nausea, vomiting
and fatigue • Clinical activity of TNG908 in lung and pancreatic cancer highlights the potential for TNG462 to be best-in-class Preliminary clinical data suggest TNG462 will be more active in MTAP- deleted solid tumors than TNG908 and AMG193 |
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TNG456 PRMT5 inhibition in MTAP-deleted cancers | 24
TNG456 is a next-generation CNS-penetrant PRMT5 inhibitor Replaced
TNG908 for CNS cancers • Enhanced potency and MTAP selectivity • Predicted CNS exposure well above efficacy threshold • Key indication for development - MTAP-deleted glioblastoma (7,000 patients/yr US) • First patient dose
planned 1H2025 Potency MTAP selectivity TNG456 20 nM 55X TNG908 110 nM 15X | 25
TNG456 is active as monotherapy and in combination with CDK4/6i in a
glioblastoma xenograft TNG456 + abemaciclib Summary TNG456 monotherapy drives additional survival benefit U87MG U87MG • TNG456 preclinical Kpuu (MTAP-null GBM CDX) (MTAP-null GBM CDX) 0.5-1.1 in NHP CSF and dog brain • TNG456 +
abemaciclib median survival >67 days • Reported survival benefit in orthotopic models • Avastin 37 days • Temozolomide 23 days | 26
TNG456 CSF exposure predicted to be above clinical efficacy threshold
Steady-state clinical exposure in plasma and CSF 4 • TNG456 is 5X more potent and 3X more selective than TNG908 • TNG908 CSF exposure 0.3X plasma 3 • TNG456 CSF exposure predicted to be 2X efficacy threshold at 0.3X Ne plasma
exposure 2 TNG456 CSF (predicted) TNG908 600 mg (plasma) 1 Clinical efficacy threshold TNG908 600 mg (CSF) 0 0 5 10 15 20 25 Time (hrs) Error bars represent SEM | 27 Fold Over Free Cave Mouse Efficacy
TNG456 phase 1/2 clinical study DOSE DOSE SUMMARY EXPANSION ESCALATION
• Safety, PK/PD and efficacy GBM TNG456 as primary endpoints Solid tumors with • Combination with NSCLC MTAP deletion abemaciclib to start at pharmacologically active TNG456 dose GBM • Enrollment planned 1H 2025 TNG456 + NSCLC
abemaciclib Solid tumors with Limited agnostic MTAP deletion Enriched for pancreatic and bladder cancer | 28
PRMT5 program development plans Potential best-in-class PRMT5
inhibitors for multiple common cancers TNG908 • Active and well-tolerated • Development discontinued in favor of TNG462 (non-CNS cancers) and TNG456 (glioblastoma) TNG462 • Monotherapy expansion cohorts focused on lung and
pancreatic cancer ongoing • Combination with KRAS inhibitors and multiple standard of care regimens 2025 • Registration trials in 2L lung and pancreatic cancer planned 2026 • Roche/Ventana selected for IHC CDx TNG456 •
Monotherapy dose escalation to begin 1H2025 • Combination with abemaciclib planned 2H2025 (pending monotherapy data) | 29
TNG260 CoREST inhibition in STK11-mutant cancers | 30
TNG260 reverses immune evasion caused by STK11 mutations Immune evasion
driven by TNG260 reverses tumor-intrinsic immune evasion tumor suppressor gene loss α-PD1 T cell T cell α-PD1 α-PD1 sensitivity Immune evasion α-PD1 resistance STK11 mut STK11 mut cancer cell cancer cell TNG260 STK11
re-activation is not feasible Selective CoREST inhibition in cancer cells enables immune-mediated cytotoxicity | 31
STK11 loss-of-function mutations drive immune evasion In vivo CRISPR
screening identifies mediators of immune evasion STK11 deletion causes a-PD1 resistance reversion Control STK11 deletion (MC38) (MC38) Aggressive growth in immune HDAC1 competent mice a-PD1 resistant a-PD1 sensitive Days after the start
Immune deficient Days after the start of treatment of treatment Immune competent Immune competent + PD1 Effect Size Loss promotes Loss promotes immune- immune evasion STK11 loss-of-function mutations are associated with mediated killing clinical
immune checkpoint inhibitor resistance | 32 3 Tumor volume (mm ) 3 Tumor volume (mm ) FDR adj p-value
TNG260 is a highly selective CoREST complex inhibitor pan-HDAC
inhibitors (vorinostat, panobinostat) Key points • CoREST-mediated deacetylation regulates transcription of a specific set of immune response genes • Sin3 is the predominant HDAC1 complex involved in • TNG260 alters expression of
TNG260 hematopoiesis ~400 genes, predominantly those important for immune • Pan-HDAC inhibitors target all response 11 HDAC isoforms • Pan-HDAC inhibitors alter the • HDAC3 is an essential gene HDAC1 expression of ~3000 genes and
likely a primary contributor complexes (~12% of the genome) to pan-HDACi toxicity | 33
TNG260 + α-PD1 induces complete regression and prevents
re-implantation in STK11-mutant xenografts TNG260 IC50 100nM, 10X CoREST complex selectivity TNG260 MC38 (STK11 deficient colon) • Potent, highly selective 3000 molecule with good Tumor pharmacologic properties re-implantation 2000 Day 69
• Marked in vivo efficacy in Treatment combination with α-PD1 discontinuation 1000 Day 48 antibody • Induces immune memory 0 and renders treated mice 0 10 20 70 80 90 resistant to tumor re- Days α-IgG2a implantation Untreated
control group α-IgG2a + TNG260 30mpk QD α-PD1 Prev. treatedα-PD1 + α-PD1 + TNG260 30mpk QD TNG260 30mpk QD • 5/8 mice had complete tumor regression at day 34, treatment discontinued at day 48 • All mice with complete
regression remained tumor free off treatment for 21 days • 5/5 mice with complete regression rejected tumor reimplantation | 34 3 Tumor volume (mm )
TNG260 + pembrolizumab first-in-human trial DOSE PHASE 1/2 STUDY
EXPANSION (ongoing) DOSE • STK11 mutations occur in ~15% STK11 mut ESCALATION NSCLC cancer NSCLC, 15% cervical, 10% carcinoma of unknown primary, 5% • Any solid tumor with breast and 3% pancreatic cancers STK11 mutation •
Combination with pembrolizumab to assess safety, PK/PD and efficacy as STK11 mut primary endpoints histology-agnostic cohort • FDA Fast Track designation | 35
TNG260 proof-of-mechanism in phase 1 study Increased Intra-tumoral
Increased histone acetylation Increased tumor PD-L1 staining cytotoxic T cells 8 80 350 300 60 250 6 40 150 20 4 6 100 4 2 50 2 0 0 0 40mg 80mg 120mg 120mg INT 40mg 80mg 120mg 40mg 80mg 120mg Dose TNG260 Dose TNG260 Dose TNG260 Pre-treatment
Pre-treatment Pre-treatment On-treatment On-Treatment On-treatment “Turning cold tumors hot” validates immune evasion hypothesis | 36 %Acetyl Histone H4 Lys 5 PD-L1 TPS % 2 Fold change cells per mm
TNG260 summary PATIENT IND- DISCOVERY PROGRAM CLINICAL TRIALS STATUS
SELECTION ENABLING Phase 1/2 Phase 3 CoREST STK11-mut Dose expansion ongoing, TNG260 cancers clinical data 2025 • STK11 mutations are associated with checkpoint inhibitor resistance in lung cancer patients • TNG260 is a novel, highly
selective CoREST complex inhibitor • TNG260 reverses checkpoint inhibitor resistance in preclinical STK11-mut models and induces immune memory that prevents tumor regrowth in responders • Phase 1/2 clinical study ongoing evaluating
efficacy in combination with pembrolizumab in STK11-mutant cancers | 37
FINANCIAL HIGHLIGHTS AND MILESTONES | 38
Multiple projected key milestones and strong balance sheet Cash balance
Clinical milestones ¨ TNG462 clinical data update 2025 • $258M cash, cash equivalents and marketable securities as of December 2024 ¨ TNG462 combination trials enrollment begin 1H 2025 • Cash runway into Q3 2026, including
additional ¨ TNG456 phase 1/2 trial enrollment begin 1H 2025 TNG462 and TNG456 clinical trials ¨ TNG260 clinical data 2025 | 39
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Grafico Azioni Tango Therapeutics (NASDAQ:TNGX)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Tango Therapeutics (NASDAQ:TNGX)
Storico
Da Gen 2024 a Gen 2025