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AN2 Therapeutics (ANTX) investor relations material

AN2 Therapeutics Evercore ISI 8th Annual HealthCONx Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Evercore ISI 8th Annual HealthCONx Conference summary3 Dec, 2025

Strategic pivots and pipeline evolution

  • 2025 marked a major transition with a phase 3 readout for epetraborole in NTM lung disease, leading to a strategic shift and new learnings for future NTM efforts.

  • Expanded therapeutic focus to oncology in 2024, leveraging boron chemistry platform for two new cancer programs entering development.

  • Entered the clinic with a novel compound for Chagas disease and identified additional pipeline opportunities.

  • Cash runway extends into early 2028, supporting a compact team and multiple programs.

  • Emphasis on innovation, with a mix of wholly owned and partnered programs to maximize resources.

Oncology program highlights

  • Two lead oncology assets: ENPP1 inhibitor (restores innate immune response in tumors) and PI3K alpha inhibitor (pan mutant, wild-type sparing, high selectivity).

  • Boron chemistry enables highly potent, selective compounds with favorable PK and tissue exposure.

  • ENPP1 program shows synergy with checkpoint inhibitors and DNA-damaging agents in animal models.

  • PI3K compound demonstrates superior selectivity margins over competitors, especially for key mutations.

  • Preclinical phase expected to last 6–9 months, with clinical entry anticipated soon after.

Infectious disease pipeline and priorities

  • Abscessus program (NTM lung disease) targets a $1B+ US market with no FDA-approved drugs; oral epetraborole offers a differentiated option.

  • Chagas disease program features a novel, 100% curative compound in non-human primates; phase 1 well underway, with phase 2 planned.

  • Melioidosis program addresses a high-mortality infection, positioned as a global health and biothreat priority with potential for non-dilutive funding.

  • Abscessus trial is a significant, investigator-led 90-patient study, phase 3 enabling, freeing resources for other projects.

  • Chagas phase 1 focuses on PK/PD and safety; top-line results to be shared via press release and conference presentation.

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Frequently asked questions

AN2 Therapeutics Inc. is a biopharmaceutical company focused on developing treatments for rare, chronic, and serious infectious diseases. The company specializes in novel small-molecule therapies designed to address unmet medical needs, particularly in non-tuberculous mycobacterial (NTM) lung disease and other bacterial infections. The company is headquartered in Menlo Park, California, and its shares are listed on the NASDAQ.

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