EX-99.1 2 ex99_1.htm CYTORI THERAPEUTICS INVESTOR PRESENTATION MATERIAL

Exhibit 99.1
Cytori Therapeutics NASDAQ: CYTX Investor Update January 2015 NASDAQ: CYTX Restoring Lives *

Forward-looking Statements This presentation contains certain ‘forward-looking statements’ about Cytori Therapeutics, Inc. All statements, other than statements of historical fact, that address activities, events or developments that we intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this presentation, involve known and unknown risks that relate to future events or our future financial performance and the actual results could differ materially from those discussed in this presentation. Some of those forward-looking statements include: our ability to successfully initiate the planned clinical trials in the United States, Japan and Europe, as well as the financial, clinical and regulatory burdens associated with those trials, and our ability to complete the trials in the time frames referenced, the various medical indications that may be addressed by Cytori Cell Therapy, the potential effectiveness of Cytori Cell Therapy, our ability to maintain a substantially reduced cash burn and increase our percentage of R&D expenditures compared to prior years, Our partners ability to launch products in China and Europe, our ability to refinance our corporate loan, and the anticipated BARDA funding of approximately $8.3 million to cover the costs of the pilot clinical trial for thermal burn. Some risks and uncertainties related to such forward looking statements include: risks in the collection and results of clinical data, final clinical outcomes, regulatory uncertainties, financing uncertainties, dependence on third party performance, future Government funding and procurement priorities, the Government’s sole discretion in determining funding timing and amounts, the Government’s ability to reduce, modify or terminate the BARDA contract if it determines it is in the Government’s best interests to do so, the performance of our products, and other risks and uncertainties described under the "Risk Factors" section in our Securities and Exchange Commission Filings on Form 10-K and Form 10-Q. These risks and uncertainties may cause our actual results to differ materially from those discussed in this presentation. We advise reading our most recent annual report on Form 10-K and quarterly report on Form 10-Q filed with the United States Securities and Exchange Commission for a more detailed description of these risks. The forward-looking statements contained in this presentation represent our estimates and assumptions only as of the date of this presentation and we undertake no duty or obligation to update or revise publicly any forward-looking statements contained in this presentation as a result of new information, future events or changes in our expectations. NASDAQ: CYTX *

Cytori Cell TherapyTM Differentiated, adipose-based therapeutics platform with extensive clinical experience Autologous therapeutic- uniquely regulated as FDA Class III device Primary disease targets: immuno/inflammatory and ischemic disease Strong global intellectual property position Lead Indication in Late Stage Clinical Development Scleroderma, rare rheumatologic condition Pilot data indicative of disease modification & symptom improvement Entering U.S. Phase 3/pivotal trial 2015 80 patient, double blind trial with crossover arm Global Pipeline, with External Funding E.U. Phase 3/pivotal trial for scleroderma U.S. Phase 2/pilot trial in osteoarthritis, heart failure U.S. Phase 2/pilot trial planned for thermal wounds- funded by U.S. government Japanese Phase 3/pivotal trial for urinary incontinence- funded by Japanese government Corporate Overview NASDAQ: CYTX *

Region Phase III Pivotal Phase I/II Pilot Pre-Clinical Status Scleroderma Assoc. Hand Dysfunction Initiate 2015 Phase III Therapeutic Agent ECCS-50 ECCS-50 Phase III Initiate 2015 Cytori Cell Therapy™ Pipeline Urinary Incontinence ECCI-50 Phase II/III Japan Govt Sponsorship US Govt Sponsorship Knee Osteoarthritis Phase IIA/B ECCO-50 Enrolling 2015 Phase IIA Chronic Heart Failure OICH-D3 Enrollment Complete Cutaneous Thermal Injury Preclinical DCCT-10 Preclinical Planning NASDAQ: CYTX * Enrolling 2015

Cytori’s Autologous Cell Therapy Solution NASDAQ: CYTX ECCS-50 OICH-D3 DCCT-10 Modulation of the innate immune system and inflammation through down-regulation of pro-inflammatory factors incl. IL-6 and CXCL-2 Therapeutic Agent Primary Mechanism Increased angiogenesis and arteriogenesis through up-regulation of factors such as VEGF and PlGF Modulation of ECM deposition through modulation of MMP expression and activity Adipose Tissue Proprietary Reagents Device and Consumables Software Multifaceted & expandable Extensive automation Approximately 1 hour Unique perivascular and interstitial cells from adipose Therapeutics regulated as FDA class III device (RFD# 090013) Multiple therapeutic formulations * Versatile Therapeutic Derivatives Adipose-Derived Regenerative Cells Point of Care Platform Stem cells Mesenchymal progenitor cells Endothelial Cells Endothelial progenitor cells Lymphatic cells Lymphatic progenitor cells Treg cells Type 2 macrophages Vascular smooth muscle cells Pericytes

Cytori Cell Therapy for Scleroderma Hand Dysfunction NASDAQ: CYTX *

Scleroderma Associated Hand Dysfunction (SAHD) Systemic sclerosis (SSc) or scleroderma Rare Autoimmune condition Affects women:men, 4:1 Cutaneous and visceral fibrosis Obliteration of the lumen of small vessels >90% patients hand disability Hand manifestations principal source of functional impairment and reduced quality of life Fibrosis, pain, and edema result in diminished mobility and hand function even with standard medical care Images reproduced with permission of the nonprofit International Scleroderma Network at sclero.org NASDAQ: CYTX Pathophysiology *

Development of ECCS-50 for Scleroderma (SAHD) NASDAQ: CYTX Study Phase Approach Status Key Findings Ref Scl0101 Preclin. (human) Feasibility Complete Preparation of ADRCs from scleroderma patients is feasible§ 1 Scl0412 Preclin. (murine) Drug-induced cutaneous fibrosis Complete Reduced skin thickness§ 2 Sui0211 Preclin. (porcine) Urethral fibrosis Complete Reduced fibrosis§ 3 Scl102 Clinical Phase I (Pilot) 12 patient, single arm Complete Good safety profile; Sustained improvement in hand function, pain, and quality of life§ 4 Scl103 Clinical Phase III (Pivotal) 80 patient USA randomized, controlled trial FDA-approved Projected to begin enrollment in Q1, 2015 FDA-approved Projected to begin enrollment in Q1, 2015 FDA-approved Projected to begin enrollment in Q1, 2015 Scl104 Clin. Phase II/III 40 patient multi-center EU randomized, controlled trial Pending French regulatory approval (ANSM) Pending French regulatory approval (ANSM) Pending French regulatory approval (ANSM) 1. Unpublished. Data on file at Cytori // 2. Serratrice et al 2014; Stem Cell Res. & Ther. 5: 138- // 3. Unpublished. Data on file at Cytori // 4. Granel et al (2014); Ann Rheum Dis Aug 11 Preclinical studies demonstrate consistent reduction in fibrosis p<0.001 p<0.001 § Study executed by Cytori collaborator p<0.05 Scl0412 * Control ECCS-50

E.U. SCLERADEC I Pilot Trial for Scleroderma (SAHD) Study Design Single center (Marseille, France), open-label trial of 12 patients (NCT01813279) Funded by Groupe Francophone de Recherche de la Sclérodermie Population Men and women with diagnosis of limited or diffuse scleroderma Age ≥ 18 years Functional disability of the hand Cochin Hand Function Score >20 Treatment/Dosing ECCS-50: 1 mL s.c. into each finger (4 million cells/finger) Study Endpoints Primary endpoint: Cochin score Secondary endpoints: Hand symptoms and function (other than Cochin) Health-related quality of life (S-HAQ questionnaire) Raynaud’s & vasculopathy Safety NASDAQ: CYTX *

E.U. SCLERADEC I Pilot Trial Results for Scleroderma (SAHD) ECCS-50 Safety No serious AEs during follow-up Four minor AEs reported by four patients All resolved spontaneously within 15d ECCS-50 Efficacy Hand Function Average 57% improvement in Cochin Hand Function Score at 6 months Improved grip and pinch strength Pain Average 64% improvement in pain at 6 months Vasculopathy 69% reduction in Raynaud’s score (frequency and intensity) at 6 months Reduced edema (finger size) Ulcer Healing 53% reduction in number of ulcers and 90% reduction in average ulcer area at 6 months Scleradec I Results CHFS = Cochin Hand Function Scale VAS = Visual Acuity Scale (Pain) RCS = Raynaud’s Condition Score SHAQ = Scleroderma Health Assessment Questionnaire mean ± std err; p values shown for 6 month data NASDAQ: CYTX Granel et al (2014); Ann Rheum Dis Aug 11 *

NASDAQ: CYTX ECCS-50 Treatment led to a progressive decrease in the number of ulcers and average ulcer area mean ± std err …and significant normalization of microvasculature mean ± std err p<0.05 p<0.05 E.U. SCLERADEC I Pilot Trial Results for Scleroderma (SAHD)- II Granel et al (2014); Ann Rheum Dis Aug 11 *

STAR Trial (US Pivotal) Scleradec II (EU Confirmatory) Study Design Randomized, double blind, 48 weeks Randomized, double-blind, 6 months (+6 months open label) Control Placebo, crossover 48 weeks* Placebo, crossover after 24 weeks (cryopreserved)* Sample size 80 (1:1 randomization) 40 (1:1 randomization) Sites 10 to 12 USA 6 France Key Inclusion Cochin > 20 Cochin > 20 Initiation 2015 2015 Primary endpoint Cochin Score at 6 months Cochin Score at 3 months Key Secondary endpoints Cochin at other visits Raynaud’s Condition Score S-HAQ VAS Modified Rodnin Functional hand assessment HAMIS Adverse events Cochin at other visits Raynaud’s Condition Score S-HAQ VAS Modified Rodnin Functional hand assessment Capillaroscopy Adverse events Regulatory Strategy PMA approval, under CBER Additional CE Mark labeling *after all patients have completed the noted time point NASDAQ: CYTX Phase 3/Pivotal Trial Design for Scleroderma (SAHD) *

Rare Disease Basis for Scleroderma (SAHD) & Therapeutic Analogue Scleroderma Definition An autoimmune disorder causing collagen overproduction leading to fibrosis and impaired vasculature. Most commonly effects the hands but often affects multiple organ systems. Epidemiology Prevalence: 50 – 75,000 (242/million adults) Incidence: 4,400 (18.8/million adults) Predominance in women 20 to 50 years old Therapeutics Focus on vasodilation/vasoconstriction Calcium channel blockers NO pathway Endothelin-1 receptor antagonists Prostanoids Analogous Disease Rheumatoid Arthritis (RA) Definition An autoimmune disorder causing a systemic inflammation which manifests itself in multiple joints of the body. Primarily affects lining of the joints but can also affect other organs. Epidemiology Prevalence: 1,500,000 (30x more common than SSc) Incidence: 131,000 (410/million) Therapeutics NSAIDS Disease modifying drugs Methotrexate Biologics RA biologics can cost over $30k/year NASDAQ: CYTX *

Comparison of Scleroderma and RA Hand Disability Metric Outcomes Source Work disability (WD) WD was observed in 56% of SSc patients vs. 35% of RA patients Ouimet 2007 Work disability (WD) “…the prevalence of work disability in SSc is substantially higher than other common rheumatic conditions.” Sharif 2011 HAQ-DI “QOL in patients with SSc, as indicated by their level of physical function, was significantly reduced compared to healthy controls, but similar across groups of rheumatology patients… Joint involvement in SSc is more disabling than joint involvement in [psoriatic arthritis]; and patients with SSc experience more severe pain than patients with RA” Johnson 2007 HAQ-DI “…patients with dSSc have more functional impairment than patients with RA or other CTDs [connective tissue diseases]” Morita 2007 Cost (health care utilization) “…indirect comparison with RA in Canada suggests that SSc’s average costs are higher (RA: 10 459; SSc: 12 585 euros/patient/year)” Minier 2010 Cost (health care utilization) “…average annual cost of SSc per patient may be as high as that of RA (the equivalent of $16,141 in 2007 Canadian dollars, based on RA cost estimates from one study [31]), and in diffuse SSc the average annual cost per patient may very well exceed the cost of RA.” Bernatsky 2009 Published studies confirm that SSc disability is similar to or worse than RA NASDAQ: CYTX *

Cytori Cell Therapy for Knee Osteoarthritis NASDAQ: CYTX *

Knee Osteoarthritis NASDAQ: CYTX Osteoarthritis (OA) Definition Disease of the entire joint involving the cartilage, joint lining, ligaments, and underlying bone. The breakdown of tissues leads to pain and joint stiffness Epidemiology OA is the most common form of arthritis 13.9% of adults >25 years 33.6% (12.4 million) >65 years Estimated ~26.9 million US adults (2005) 2014E 2014E 2014E Treatment Modality # Patients / Treatments ASP Market Size Celebrex/NSAID 3,900,000** $564 $2.2B Knee Viscosupplement Injection 898,000*- $935 $0.8B Total Knee Arthroplasty 780,000-- $4,402 $3.4B * Includes sales of packages for multiple indications: OA, RA, Ankylosing Spondylitis, Acute Pain Management. ** Represents a particular course of therapy performed in the U.S. (i.e., one single-injection or multiple-injection treatment). Pathophysiology * Current Therapies

Development of ECCO-50 for Knee Osteoarthritis NASDAQ: CYTX Study Phase Approach Status Key Findings Ref OA0103 Preclinical (human) Demonstration of in vitro differentiation towards chondrocytes Complete Expression of multiple markers characteristic of chondrogenesis 1 OA0203 Preclinical (caprine) Injured-induced osteochondral defect Complete Improved healing at 4 months§ 2 OA0205 Preclinical (canine) Injection into injured intervertebral disc Complete Improved disc biochemistry and matrix production 3 OA0501 Veterinary (canine) 21 animal randomized, double-blind trial of OA in the hip Complete Improvement in lameness, pain, and range of motion§ 4 OA0502 Veterinary (canine) Open-label multi-center study of 14 animals with elbow OA Complete Improvement in lameness, pain, and range of motion§ 5 OA104 Clinical Phase I (Pilot) 25 patient, single arm; OUS Complete Improvement in activity and knee function (Lysholm) ¶ 6 OA105 Clinical Phase I (Pilot) 18 single arm; OUS Complete Improvement in pain and knee function (Lysholm and WOMAC) ¶ 7 OA106 Clinical Phase I (Pilot) Higher dose; 25 patient, single arm with 2nd look arthroscopy at 2yrs; OUS Complete Improvement in pain and knee function; 64% positive or very positive on 2nd look; only 12.5% ‘failed’ ¶ 8 OA107 Clinical Phase II (Pilot) Multi-center, USA randomized, double-blind placebo-controlled trial FDA- IDE approved Projected to begin enrollment in Q1, 2015 FDA- IDE approved Projected to begin enrollment in Q1, 2015 FDA- IDE approved Projected to begin enrollment in Q1, 2015 Huang et al 2004; Plast Reconstr Surg. 113(2):585-94 Jurgens et al 2013; BioResearch 2 (4) pp. 315-25 Ganey et al 2009; 34 (21) 2297-304 Black et al 2008; Vet Ther. 8 (4) pp. 272-84 Black et al 2008; Vet Ther. 9 (3) pp. 192-200 Koh et al 2012; The Knee 19: 902-7 Koh et al 2013; Arthroscopy 29 (4) 748-55 Koh et al 2013; Knee Surg Sports Traumatol Arthrosc § Study executed by Cytori collaborator ¶ Study executed independently of Cytori *

Development of ECCO-50 for Knee Osteoarthritis NASDAQ: CYTX * Goat Injury Model Treatment led to greater healing of cartilage 4 months after injury1 Jurgens et al 2013; BioResearch 2 (4) pp. 315-25 Black et al 2008; Vet Ther. 8 (4) pp. 272-84 Koh et al 2013; Knee Surg Sports Traumatol Arthrosc Canine veterinary model (randomized, controlled) Treatment led to improvements in lameness, pain, and range of motion2 Pre-Operative Two Years Follow-Up Clinical Pilot Treatment led to reduced pain, increased function, and potential cartilage repair3

ACT-OA (US Phase II) ACT-OA (US Phase II) Study Design Randomized, double blind, 48 weeks duration, dose escalation (low and high dose cell ECCO-50 therapy) Control Placebo, no crossover Sample size 90 (1:1:1 randomization) Sites Up to 15 in USA Key Inclusion OA of Knee, pain > 6 months, pain on walking > moderate, KL score 2-3, Initiation 2015 Primary endpoint KOOS – Pain on Walking at 12 Weeks Key Secondary endpoints Observed Pain Scores on 50-foot Walk Test Number of Observed OARSI30 Responders Using the 50-Foot Walk Test Knee injury and Osteoarthritis Outcome Score (KOOS) VAS Assessments (0-100 mm scale) Patient global assessment Number of tablets of rescue medication Short-Form (SF)-36 questionnaire MOAKS scoring (MRI Osteoarthritis Knee Score) at Week 48 Adverse events Regulatory Strategy Phase III study leading to PMA (under CBER) and approval in EU, Canada and other markets as appropriate NASDAQ: CYTX U.S. Pilot/Phase 2 Trial for Knee Osteoarthritis *

Development of OICH-D3 for Heart Failure * ATHENA Trials Summary Randomized, DB, PC trial in US of OICH-D3 treatment in patients with chronic heart failure- primary endpoint VO2 max. ATHENA I 28 2:1 active:control lower dose ATHENA II 2:1 active:control higher dose 3 NASDAQ: CYTX p=0.04 p=0.01 PRECISE Study Randomized, DB, PC trial of OICH-D3 treatment in 27 pts. with chronic heart failure. Enrollment stopped after 31 patients for safety review Thorough safety review conducted, permission to proceed with protocol amendments Cytori decision – truncate enrollment, evaluate 6 and 12 month data Further decisions on investment based on analysis of data, optimization of protocol (as per amendments) and incorporation of next generation technology 6 month data analysis 1Q2015 12 month data analysis 4Q2015 STATUS TIMELINES E.U. Phase II Trial Associated with significantly greater maximum oxygen consumption capacity (VO2 max) at both six and 18 months

Cytori-U.S. Government Collaboration for Thermal Burn Countermeasure Goal Develop a medical countermeasure for use following mass casualty attack involving thermal burn & radiation injury Contract value: up to $106m Status $4.7m- proof-of-concept phase completed $14m- contract option 1 for additional development activities ongoing $8.3m- contract option 2 to fund US Phase I/II clinical trial pre-reviewed and approvable, subject to FDA IDE approval $79m additional contract options for Phase III clinical trial and for development of countermeasure for combined radiation & thermal injury Other medical countermeasure options possible outside current contract NASDAQ: CYTX * US Government Contract # HHSO100201200008C Long term goal- United States Government acquisition contract for Cytori Cell Therapy

75 patents issued worldwide; 45 applications pending Cytori’s Global Patent Estate NASDAQ: CYTX Protect Cytori’s proprietary methods and devices for manufacturing Cytori Cell Therapy, as well as methods of using Cytori Cell Therapy in the treatment of scleroderma, osteoarthritis, and several other pipeline indications *

Commercial Opportunities and Revenue Outlook Direct sales- Japan Nov 2014, Regenerative Medicine Law in effect Expand Cytori’s ability to sell product under Class I approval Cytori KK has operated in Japan for more than 10 years Licensing partners Lorem Vascular- in SE Asia, Australia and China (launch in 2015 upon CFDA approval) Bimini- Puregraft & Celution for hair re-growth (EU launch in 2015) US BARDA contract revenue 2015 Modest growth from product sales, BARDA & royalty/licenses Positive contribution margin 2016 Continued growth from product sales, BARDA & royalty/licenses Growing positive contribution margin Revenue Outlook NASDAQ: CYTX *

Financials & Expenses NASDAQ: CYTX Select Data – as of 9/30/14 Select Data – as of 9/30/14 Cash ~ $8M (~ $20M pro-forma) Senior Term Loan ~ $25M (Matures 2017) Spend focus and reductions 2014 reduction in FT headcount from peak of 119 to 77, severance impact mostly complete by YE 2014 Operating cash burn ~ $35M in 2013, ~ $31M estimated in 2014, to a forecasted operating cash burn of ~$25M in 2015 ($10M reduction from 2013) Strengthened our focus on R&D activities- expected to be at least 55% of total operating expenses as compared to 40% for 9ME 9/30/2014. *

Anticipated 12 Month Milestones Clinical Milestones Trial Enrollment Osteoarthritis: ACT-OA, data 2016 Scleroderma: STAR, data 2016 Scleroderma: E.U. SCERADEC-II, data 2016 Japan male urinary incontinence trial: timeline announced & begin enrollment Clinical Data Cardiac: ATHENA 6 and 12 month data Scleroderma: SCLERADEC-I, 12 month data Preclinical Data Burn/wound healing: presentation at American Burns Association Business/Operational Milestones Partner: Chinese FDA approval & Chinese product launch Partner: European product launch for hair re-growth Growing impact of reduced cash burn and loan refinance Increase out licensing platform and in licensing immunology/ inflammatory and ischemia area NASDAQ: CYTX *

Cytori Corporate Overview NASDAQ: CYTX Thank you! QUESTIONS, please contact ir@cytori.com NASDAQ: CYTX *