zk1313033.htm


SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of April 2013
_______________________
 
BioLineRx Ltd.
 (Translation of Registrant’s name into English)
_______________________
 
P.O. Box 45158
19 Hartum Street
Jerusalem 9777518 Israel
 (Address of Principal Executive Offices)
_______________________
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:         
 
Form 20-F þ   Form 40-F o
 
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:           
 
Yes o   No þ
 
 
 

 
 
Attached as Exhibit 1 is a new corporate presentation, an abridged version of which will be presented by Registrant’s management at the Needham Healthcare Conference in New York later today.
 
This Form 6-K, including all exhibits hereto, is hereby incorporated by reference into all effective registration statements filed by the Company under the Securities Act of 1933.
 
 
 

 
 
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, thereunto duly authorized.
 
 
BioLineRx Ltd.
 
 
  By:
/s/ Philip Serlin
 
   
Philip Serlin
 
   
Chief Financial and Operating Officer
 
 
Dated: April 30, 2013
 
 



 
exhibit_1.htm


Exhibit 1
 
 
Company Presentation
April/May 2013
 
 

 
This presentation contains "forward-looking statements."
These statements include words like "may," "expects,"
"believes," “plans,” “scheduled," and "intends," and describe
opinions about future events. These forward-looking
statements involve known and unknown risks and
uncertainties that may cause the actual results, performance
or achievements of BioLineRx to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements.
2
Forward Looking Statements
 
 

 
BioLineRx Highlights
 7 clinical stage assets in variety of indications, 2 in advanced
 clinical stages
 Broad pre-clinical pipeline - providing multiple opportunities
 for next generation clinical projects
 Special strategic relationships and access to Israeli technology
 Strong balance sheet - $28 million cash as of March 31, 2013
 Several meaningful value inflection points in 2013 and 2014
3
 
 

 
OVERVIEW AND BUSINESS MODEL
4
 
 

 
Our Business Model
 Strong scientific
 basis
 High chance of
 regulatory approval
 Competitive
 advantage
 Strong IP
 Validate results of
 inventors
 Resolve main
 concerns regarding
 toxicity, CMC, etc.
 Accelerated
 development
 program
 FDA/EMA standards
 Continued clinical
 development
 Regulatory approval
 Commercialization
5
 
 

 
Our Project Infrastructure Support
BD
In-licensing and
Out-licensing
Expert
Project
Managers
Medical and
Clinical Team
Pre-Clinical
Team
Multiple
Projects
6
 
 

 
Current Pipeline
7
 
 

 
SELECTED PROGRAMS
8
 
 

 
BL-1020:
FIRST-IN-CLASS
GABA-ENHANCED
ANTI-PSYCHOTIC FOR
SCHIZOPHRENIA

9
 
 

 
BL-1020 - Status Update and Next Steps
 Phase II/III CLARITY study interim analysis results were
 announced on March 20
  Primary and secondary cognition endpoints would not be reached with any
 reasonable number of patients in CLARITY study
  Several statistical parameters specified in the statistical analysis plan (SAP)
 indicated positive trends (e.g., social cognition, consistent timing)
 Currently in process of discontinuing CLARITY study
  Data-cleaning process should be completed by end of May
 Waiting to receive full analysis of un-blinded study data on all
 study patients
  Full analysis should be finalized in the next few months
  At that point Company will make final decision about future of project
10
 
 

 
BL-1040:
FIRST-IN-CLASS
MYOCARDIAL IMPLANT
FOR PREVENTION OF
VENTRICULAR REMODELING
FOLLOWING AMI


Out-licensed to Ikaria Inc.
and being developed as
Bioabsorbable Cardiac Matrix
(BCM)
11
 
 

 
BL-1040 Highlights
 Indication: Cardiac remodeling post-AMI
 Mode of Action: Provides support to ischemic tissue during healing
 Status: CE Mark registration trial - conducted by Ikaria Inc.
 Product highlights:
  Resorbable polymer solution administered via intracoronary injection during standard
 vessel reopening procedures
  Deposits in ischemic tissue and forms a “scaffold” that supports the injured tissue
 during recovery
  Regulated as a device
 Market Opportunity: > Billion dollar market*
12
*Based on a customized survey and report prepared for BioLineRx by Defined Health
 
 
 

 
Current Treatment Methodologies and Unmet
Medical Need
Vessel occlusion
Tissue damage
13
 
 

 
How Does BL-1040 Work?
Infarct related artery (intra-vascular) injection
Deposition into infarcted tissue
Liquid to gel phase transition upon contact with infarcted tissue
Phase transition at infarct area creates resorbable bioprosthetic
scaffold providing mechanical support to damaged cardiac muscle
Resorption occurs within 6 weeks;
dissolved BL-1040 excreted through the kidneys
14
 
 

 
BL-1040 Prevents Structural Changes
Following AMI
Normal size
left ventricle
Normal LV
wall
Dilated left
ventricle
Thin LV wall
Untreated
BL-1040
Porcine AMI model, day 60
15
 
 

 
BL-1040 Safe and Well-Tolerated in Phase I/II
Clinical Trial Results
 Clinical program based on extensive
 interaction with FDA (CDRH division)
 Pilot study in Europe - completed January
 2010
  27 patients, safety and preliminary efficacy in
 patients with primary MI at high risk for LV
 remodeling
  9 sites: 6 in Germany, 3 in Belgium
 Trial results show
  No treatment related complications, arrhythmias,
 elevations in cardiac enzymes or occlusions
  Independent Safety Monitoring Board determined
 BL-1040 is safe and that continued clinical
 development appropriate
 
 

 
Ikaria BL-1040 Out-Licensing Transaction
 Ikaria - proven expertise in drug and medical device
 development and singular focus on acute care
 Terms:
  $7 million upfront
  $10 million first milestone
  ~$115 million in additional regulatory and developmental milestones
  ~$150 million in commercial milestones
  11-15% sales royalties
  Territories: Worldwide
17
 
 

 
BL-1040 Clinical Development Program
 Current development program includes two pivotal trials
  CE Mark Registration trial for European approval
  Second pivotal trial for US approval
 Pivotal CE Mark Registration trial currently progressing at full steam
  Multiple sites currently active in six countries (US, Australia, Canada, Belgium, Israel and
 Spain)
  Overall design:
  Placebo controlled
  306 patients
  Six-month follow-up
  Endpoints:
  Left ventricular end diastolic volume
  Anatomic measurement of left ventricular end diastolic volume (echocardiogram)
  Quality of Life questionnaire 
  Six-minute walk test
18
 
 

 
BL-1040 Clinical Development Program (cont.)
 Second pivotal trial for US approval in planning stages
  Final discussions with FDA
  Overall design:
  Placebo controlled
  >1,000 patients
  12 month follow-up
19
 
 

 
20
BL-5010:
A NOVEL FORMULATION
FOR NON-SURGICAL
REMOVAL OF SKIN
LESIONS, EMBEDDED
WITHIN NEW APPLICATOR
PEN (BL-5010P) - FOR
TOPICAL USE
 
 

 
BL-5010 Highlights
 Positioning: Novel formulation for non surgical removal of
 variety of skin lesions
 Status: Pilot study completed in benign lesions (60 pts)
 Product Highlights:
  Single application office-based treatment
  State-of-the-art applicator developed for streamlined application
  Pilot study completed successfully
  96.7% complete lesion removal
  94% reported good to excellent cosmetic outcomes
  Medical device classification in EU
  Short time to market
21
 
 

 
Treatment Profile Comparison
 
BL-5010
Cryotherapy
Laser
Electro-
Desiccation
Surgery
 
PDT
Speed of
treatment
Quick
Very Quick
Medium
Slow
Slow
Slow
 
Efficacy
Very high
High
High
Very high
Very High
High
Pain
Minimal
Moderately Painful
Mod. Painful
Mod. Painful
Painful
Yes
Scarring
Minimal
Hypopigmentation
None
Some
Significant
None
Application in
sensitive areas
Yes
No
Yes
No
Yes
Yes
Applicable for
large lesions
Discrete lesions
No
No
No
Yes
Yes
Histology
compatible
Yes
No
No
No
Yes
No
Set-up time
Quick
Quick
Significant
Lengthy
Lengthy
Lengthy
Cost
Low
Very Low
High
Medium
Medium
High
22
 
 

 
BL-5010 Phase I/II Clinical Trial Overview
 Open-label, single-arm, safety and efficacy study
 60 patients with seborrheic keratosis investigated for BL-5010
 single application safety and efficacy
 Patients treated and followed-up for 6 months
 Conducted in Germany and Holland
 Endpoints:
  Safety, efficacy (complete removal of lesion), cosmetic outcome
  Feasibility of histological analysis
23
 
 

 
BL-5010 Phase I/II Clinical Trial Results
 Safety
  BL-5010 has a good safety profile - no persistent irreversible adverse
 effects were observed at treated site
 Efficacy
  Lesion removal - lesions fell off by Day 30 in >96% of patients
  Cosmetic outcome
  94.6% of investigator-assessed cosmetic outcomes and 84% of patient-assessed
 cosmetic outcomes were good or excellent 180 days following treatment
  Demonstrated feasibility for BL-5010’s ability to preserve lesion structure for
 subsequent histological diagnosis

 
24
 
 

 
Representative Before and After Pictures
25
 
 

 
BL-5010P - A Novel Applicator Pen for Topical Use
26
 Distribution accuracy on target tissue
 Volume consistency
 Single patient use with potential to treat multiple lesions
 Allows application of pressure
 Ready for use
 Easy to use
 Hand-held device
 Aesthetic and ergonomic design
 Straightforward and low cost manufacturing
 Patentability of the applicator
 Disposable
 
 

 
BL-5010: Summary and Current Status
27
 BL-5010 designated as a medical device in Europe
 Pilot safety and efficacy study successfully completed in
 seborrheic keratosis patients
 Pivotal CE Mark Registration study to commence in H213
  Bridging study of BL-5010 pen-like applicator in seborrheic keratosis
  Pivotal study results are expected mid-2014
 Additional clinical study to commence in Q114
  Clinical trial using BL-5010 pen-like applicator in actinic keratosis
  Study results are expected late 2014 / early 2015
 
 
 

 
28
BL-7040:
ORALLY AVAILABLE
TLR-9 AGONIST FOR
TREATMENT OF
INFLAMMATORY
BOWEL DISEASE
 
 

 
BL-7040 Highlights
 Indication: Inflammatory bowel disease (IBD)
 Mode of Action: Toll-Like Receptor 9 (TLR-9) modulator/agonist
 Status: Phase IIa proof-of-concept study completed
 Product Highlights:
  Orally available synthetic oligodeoxynucleotide (2nd generation)
  Oligo sequence was chemically modified (2’OMe) to increase stability
  Efficacy demonstrated in animal models of IBD - comparable to dexamethasone
  Efficacy, safety and tolerability demonstrated in clinical trials
 Market opportunity: ~$8 billion in 2012 (Datamonitor)
29
 
 

 
IBD Overview
 A group of inflammatory conditions of the colon and small
 intestine
 Two major types:
  Ulcerative colitis (UC): limited to the colon
  Crohn’s disease (CD): involves multiple segments of the gastrointestinal tract
 Common end pathway for both types consists of inflammation
 of the intestinal tract mucosal lining
 Causes ulceration, edema, bleeding, fluid and electrolyte loss
 ~2.6 million people affected by IBD (1.7M UC; 0.9M Crohn’s)
 across seven major markets in 2011 (
Datamonitor)
  Expected to reach 2.9 million by 2019
30
 
 

 
BL-7040 Pre-Clinical Efficacy Data
 BL-7040 significantly reduced colitis
 severity in levels comparable to
 Dexamethasone
in -vivo
 BL-7040 reduced LPS induced cytokine
 secretion in intestinal explants
31
BL-7040
BL-7040
+ LPS
Study design:
1.Colitis induced in Balb/c mice using TNBS
2.Mice were administered BL-7040 orally for 7
days, starting 24h or 48h post colitis induction
3.Disease severity and anti-inflammatory
effects were assessed using the Wallach score
and IL secretion profile
BL-7040 is as Effective as Dexamethasone in Treating Established IBD
 
 

 
Response Rates in Representative Studies
of Moderate to Severe UC
32
Budesonide MMX (corticosteroid)/Mesalamine (5-ASA) - oral
Clinical response (8-week treatment): 25% (placebo) versus ~33%% study drug
Mucosal Healing (8-week treatment): 33% (placebo) versus ~40% study drug
Adalimumab (Humira)* - subcutaneously anti-TNF
Clinical response (8-week treatment): 35% (placebo) versus 50% study drug
Mucosal Healing (8-week treatment): 32% (placebo) versus 41% study drug
Golimumab (Simponi) - subcutaneously anti-TNF
Clinical response (6-week treatment): 30% (placebo) versus 52% study drug
Mucosal Healing (6-week treatment): 29% (placebo) versus 43% study drug
Infliximab (Remicade) - intravenously anti-TNF
Clinical response (8-week treatment): 29-37% (placebo) versus 64-69% study drug
Mucosal Healing (8-week treatment): 30-34% (placebo) versus 60-62% study drug
* In open-label Phase IIa trial of 20 UC patients, study drug showed clinical response rate of ~25%
 
 

 
BL-7040 Phase IIa Study Design
33
 General
  Open-label study to evaluate efficacy, pharmacodynamics, safety and tolerability
  Up to 30 patients with moderately active ulcerative colitis
 Recruitment and Treatment
  22 patients enrolled in the study
  6 patients discontinued and were not included in the statistical analysis.
  Statistical analysis was performed on the 16 patients that completed 5 weeks of
 treatment (last day of treatment measurements were compared to baseline)
 
 

 
Main Endpoints of Study
34
Met Primary - at least a 3-point decrease and 30%
reduction from baseline in Mayo score, plus a ≥ 1-point
decrease in rectal bleeding sub-score or an absolute
rectal bleeding sub-score of ≤ 1
2-point reduction - at least a 2-point decrease from
baseline in Mayo score
1-point reduction - at least a 1-point decrease from
baseline in Mayo score
50%
56%
75%
Primary Endpoint - Mayo Score
(end of treatment)
Change in Rectal Bleeding
(RB) from Baseline
* Note - 6 of these 9 patients (67%) demonstrated complete
remission in rectal bleeding
*
 
 

 
Summary of BL-7040 Phase IIa Results
 Efficacy
  Primary clinical endpoint in study - reduction in Mayo score between baseline
 and completion of treatment - was achieved.
  50% of patients (8 patients) met primary endpoint; remaining 8 patients demonstrated
 stable clinical condition or minor improvement.
  56% of patients (9 patients) demonstrated decreases of at least 1 point in the rectal-
 bleeding sub-score; 69% (11 patients) had rectal-bleeding sub-scores of ≤1
  In 6 of the 11 patients, no rectal bleeding was seen at all
  50% of patients completing study treatment also met certain secondary
 endpoints, such as partial Mayo score reduction and mucosal healing
 Safety
  BL-7040 was highly safe and well tolerated by the study participants
35
 
 

 
36
BL-8040:
BEST-IN-CLASS CXCR4
ANTAGONIST FOR
TREATMENT OF
HEMATOLOGICAL
CANCERS


 
 

 
BL-8040 Highlights
 Indications: AML & other hematological cancers
 Mode of Action: CXCR4 antagonism
  CXCR4 over-expressed in >70% of tumors, and correlates with disease severity.
 Status: Phase II development
 Product Highlights:
  Peptide
  Activity against various cancer types has been demonstrated in broad range of in vitro
 and
in vivo studies
  Induction of apoptosis in cancer cells
  Sensitization of cancer cells to chemo- and bio-based anti-cancer therapy
  Mobilization of stem cells from bone marrow
  Safety profile and mobilization activity demonstrated in Phase I/II study in myeloma
 patients
37
 
 

 
BL-8040 Mobilization Compared with Mozobil
38
 BL-8040 affords superior mobilization of neutrophils and progenitor cells
 Mobilization superiority correlates with CXCL12 levels in the blood
Time post BL-8040/Mozobil injection
BL-8040 12 mg/kg
Mozobil 3.2 mg/kg
Time post BL-8040/Mozobil injection
BL-8040 12mg/kg
Mozobil 3.2mg/kg
CXCL12 serum levels
Time post BL-8040/Mozobil injection
BL-8040 0.11
BL-8040 0.167
BL-8040 0.22
Mozobil 0.11
Mozobil 0.167
Mozobil 0.22
 
 

 
 BL-8040, in contrast to Mozobil, exerts potent cytotoxicity against human leukemia
 and myeloma cells in-vitro in a dose-dependent manner
BL-8040 Anti-Cancer Activity Compared with Mozobil
 
 

 
BL-8040 Inhibits Tumor Growth in Mouse
Xenograft Leukemia (NB4) Model
 
 

 
Upcoming BL-8040 Phase II Study in AML
41
 Study summary
  Multicenter, open-label study, carried out at multiple centers in US and Israel
  Adult subjects (aged 18-70) with relapsed or refractory AML
 Study design
  Up to 50 patients
  Dose escalation phase - up to 5 escalating doses (0.5-1.5 mg/kg)
  Expansion phase of safe, efficacious dose group
 Treatment protocol
  2 days of BL-8040 mono-therapy
  5 days of BL-8040 + Cytarabine 1.5-3g/m2 (ARA-C)
 Endpoints
  Safety and tolerability
  Efficacy
  Rate and magnitude of response
  Proportion of AML blasts in peripheral blood and bone marrow
  Leukemic cell apoptosis in peripheral blood and bone marrow
 
 

 
BL-8040 AML Study Design
42
 Study expected to initiate in Q2 2013
  Regulatory approval in US already received
 Partial safety, tolerability and efficacy results expected by end of 2013
 Full results expected in 2014
Screening
BL-8040
BL-8040 + Chemotherapy
Evaluation of response
  1 2 3 4 5 6 7 ------------------------------------------------------------ 30
Day:
BM biopsy:
BM biopsy
 
 

 
43
BL-8020:
ORAL, SYNERGISTIC
TREATMENT FOR
HCV
 
 

 
BL-8020 Highlights
 Mode of Action: Inhibition of HCV-induced autophagy
 Status: Phase I/II
 Product highlights:
  Unique mechanism of action - inhibition of HCV-induced autophagy, a process
 essential for viral replication
  Has demonstrated synergy with various other anti-HCV agents of different types
  Targets host and is therefore pan-genotypic
  Notable safety and efficacy - combination of HCQ & RBV; therefore, long-term safety
 has already been demonstrated in humans
  Estimated market positioning - will potentially replace RBV, both in current regimens
 and in future anti-HCV treatments
44
 
 

 
Pre-Clinical Data
 In-vitro studies demonstrated synergistic effect with a number
 of HCV therapies
 Ex-vivo analysis
  Uninfected human liver slices were infected with HCV and cultured up to 10 days
  At day 4 post-infection, liver slices were treated for 6 days with HCQ at different
 concentrations, with and without RBV
  Antiviral activity of HCQ showed time and dose-dependent inhibitory effects on
 HCV replication
45
 
 

 
Ex-Vivo Results
46
HCQ
RBV
The antiviral activity of HCQ showed time and dose-dependent inhibitory effects
on HCV replication
 
 

 
HCQ and Ribavirin - Synergetic Effect
47
HCQ+RBV 1µM
HCQ+RBV 10µM
HCQ+RBV 20µM
HCQ+RBV 50µM
 
 

 
 Open-label study to evaluate efficacy, safety and tolerability of ribavirin mono-
 therapy, followed by a combined treatment with Ribavirin and HCQ
 Study conducted at two leading sites in France
  Regulatory approval received in March 2013; FPI announced in April 2013
 Study population to include non-responders (null or partial ) or relapsed
 patients
 Partial results expected Q413; full results H114
Period 1
 Ribavirin
(weight based dosage, BID)
Period 2
Ribavirin (Weight based, BID) + 575mg HCQ (QD)
Secondary
endpoint
Primary
endpoint
Screening
Week 8*
Week 24*
Study Design:
BL-8020: Upcoming Phase I/II Clinical Trial
48
Week 20*
* Viral load reduction testing performed
 
 

 
CORPORATE
49
 
 

 
Financial Summary
50
 Available cash as of March 31, 2013 - ~$28 million
  Annual burn rate between $12-14 million
  Cash expected to last into 2015
 Number of employees - 43
  Capital structure (on basis of ADSs)
  22.3 million outstanding - basic capital
  27.8 million outstanding - fully diluted capital (incl. warrants and stock options)
 Shareholder profile:
  Public - 67%
  Orbimed - 12%
  Pan Atlantic Investment Fund - 10%
  Teva Pharmaceuticals - 5%
  Ayer Capital Partners - 5%
  Other - 1%
 
 

 
Analyst Coverage
51
 BioLineRx Ltd. is followed by the analysts listed below:
 Please note that any opinions, estimates or forecasts regarding BioLineRx Ltd.'s
 performance made by these analysts are theirs alone and do not represent opinions,
 forecasts or predictions of BioLineRx Ltd. or its management. BioLineRx Ltd. does not by
 its reference above or distribution imply its endorsement of or concurrence with such
 information, conclusions or recommendations.
Analyst
Firm
Raghuram Selvaraju
Aegis Capital Corp.
Steven Tepper
Harel Finance
Robert Hazlett
Roth Capital Partners, LLC
 
 

 
2013-14 Anticipated Clinical Milestones
52
2013
2014