Micromet, Inc. 2010 Investor & Analyst Meeting Yale Club New York, NY February 10, 2010 NASDAQ: MITI Page 2 Forward-Looking Statements This presentation contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. Such forward-looking statements include statements regarding the efficacy, safety, and intended utilization of the Company’s product candidates, the conduct and results of future clinical trials, and plans regarding regulatory filings, future research, discovery of new product candidates, and clinical trials and plans regarding partnering activities. Factors that may cause actual results to differ materially include the risk that product candidates that appeared promising in early research and clinical trials do not demonstrate safety and/or efficacy in larger-scale or later clinical trials, the risk that we will not obtain approval to market our products, the risks associated with reliance on outside financing to meet capital requirements, and the risks associated with reliance on collaborative partners for further clinical trials, development and commercialization of product candidates. You are urged to consider statements that include the words "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plans," "anticipates," "intends," "continues," "forecast," "designed," "goal," or the negative of those words or other comparable words to be uncertain and forward-looking. These factors and others are more fully discussed in our periodic reports and other filings with the SEC. Any forward-looking statements are made pursuant to Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, as such, speak only as of the date made. Micromet, Inc. undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. NASDAQ: MITI Page 3 2009: Significant Progress Reported interim data Signed agreement MT103 achieves from ph 1 MT110 Entered into agreement with Bayer Schering 2009 Analyst & primary endpoint in solid tumor study with Lonza for for solid tumor BiTE Investor Event ph 2 ALL study manufacture of MT103 Q1 Q2 Q3 Q4 Signed agreement Reported preclinical Received orphan drug with sanofi-aventis Re-gained MT103 data showing activity designation for MT103 for solid tumor BiTE development rights of Erbitux and Vectibix from EMEA for ALL from MedImmune based BiTE antibodies Reported new data Re-gained MT103 on MT103 in ALL and Reported new data commercial rights NHL at EHA on MT103 in ALL and from MedImmune NHL at ASH Strong momentum moving into 2010… NASDAQ: MITI Page 4 High Potential Next-Generation Antibody Pipeline Program Target Partner Pre-clinical Phase 1 Phase 2 Pivotal / Phase 3 MT103 CD19 -- ALL MT103 CD19 -- NHL MT110 EpCAM -- Carcinoma MT111 CEA Medimmune Carcinoma -- n.d. Bayer Schering Carcinoma -- n.d. Sanofi Aventis Carcinoma -- CD33 -- AML -- EGFR -- Carcinoma NASDAQ: MITI Page 5 BiTE® Antibodies Use Patients Own Killer Cells to Eliminate Cancer T Cell Master Switch CD3 CD3 BiTE BiTE TAA Tumor Associated Antigen Tumor Cell BiTE Antibodies Engage T Cells to Eliminate Tumors NASDAQ: MITI Page 6 Blinatumomab (MT103) Overview BiTE antibody with dual specificity for CD19 and CD3 Impressive efficacy observed in patients with ALL, MCL and FL Strong mechanistic rationale for development in DLBCL and CLL • Prioritized development program planned in disease settings with significant commercial potential and high unmet need • 3 new trials to be initiated in 2010 • Micromet retains global commercialization rights NASDAQ: MITI Page 7 Blinatumomab: Broad Potential Utility in ALL ALL Adult Pediatric 1st Line 1st Line MRD+ MRD- MRD+ MRD- 1ST Relapse 1st Relapse 2nd Relapse 2nd Relapse NASDAQ: MITI Page 8 Presenters • Dr. Nicola Goekbuget, Head of Study Center, Goethe University Clinic, Frankfurt, Germany • Coordinator of the German multicenter study group for ALL (GMALL) • Scientific interest focuses clinical research in the field of ALL • Dr. Arend von Stackelberg, Pediatric Oncology/Hemotology, Charité - University Clinic, Berlin, Germany • Study coordinator for relapsed/refractory ALL of the international BFM group • Clinical interests focus on pediatric acute lymphocytic leukemia • Dr. James Whitlock, Craig Weaver Professor of Pediatrics, Vanderbilt University Medical Center • Clinical interests include the biology and treatment of acute lymphocytic leukemia • Holds leadership role in the Children’s Oncology Group • Dr. Gerhard Zugmaier, Vice President, Hematology, Micromet • Previously held clinical roles at Baxter and Hoffman La Roche • Blinatumomab Program Leader NASDAQ: MITI Page 9 Presenters • Dr. Stan Frankel, Vice President, Clinical Development, Micromet • 20 years of oncology drug development experience in both industry and academia • Previously served in leadership roles at Hoffman-La Roche and Merck and Co • Dr. Jan Fagerberg, Senior Vice President and Chief Medical Officer, Micromet • More than 20 years of experience in clinical research and development of oncology drugs • Previously served in leadership roles at Hoffman-La Roche and Topo Target • Mark Reisenauer, Senior Vice President and Chief Commercial Officer, Micromet • More than 20 years of pharmaceutical sales and marketing experience • Previously served in leadership roles at Abbott and Pharmacia • Dr. Patrick Baeuerle, Senior Vice President and Chief Scientific Officer, Micromet • More than 20 years of drug discovery experience spanning both academia and industry • Previously headed the drug discovery activities of Tularik Inc. NASDAQ: MITI Page 10 Agenda Background to ALL: • Adult ALL and implications of MRD: Dr. Nicola Goekbuget • Pediatric ALL, International BFM group perspective: Dr. Arend von Stackelberg • Pediatric ALL, US perspective: Dr. Jim Whitlock Experience and Outlook in ALL: • Results from phase 2 study in MRD-positive adult ALL: Dr. Gerhard Zugmaier • Compassionate use in pediatric ALL: Dr. Arend von Stackelberg • Comprehensive blinatumomab development program in B-ALL: Dr. Gerhard Zugmaier NASDAQ: MITI
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