Form 8-K MARINUS PHARMACEUTICALS For: Dec 10
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)
December 10, 2018
MARINUS PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
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001-36576 |
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20-0198082 |
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(State or other jurisdiction |
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(Commission File Number) |
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(I.R.S. Employer |
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170 N. Radnor Chester Rd, Suite 250 |
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19087 |
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(Address of principal executive offices) |
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(Zip Code) |
Registrants telephone number, including area code: (484) 801-4670
(Former name or former address, if changed since last report)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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 x
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. x
Item 8.01. Other Events.
On December 10, 2018, Marinus Pharmaceuticals, Inc. (the Company) conducted an investor conference call and webcast and issued a press release announcing results from its Phase 2 clinical trials in patients with postpartum depression. A copy of the slides presented during that call is filed as Exhibit 99.1 to this Current Report on Form 8-K and a copy of the press release is filed as Exhibit 99.2 to this Current Report on Form 8-K and are incorporated by reference in this Item 8.01 as though fully set forth herein.
Item 9.01. Financial Statements and Exhibits.
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Exhibit No. |
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Exhibit Description |
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99.1 |
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Slide Presentation at Investor Conference Call and Webcast on December 10, 2018 at 8:30 a.m. ET |
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99.2 |
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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.
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MARINUS PHARMACEUTICALS, INC. | |
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By: |
/s/ Edward Smith |
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Edward Smith, |
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Vice President, Chief Financial Officer, |
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Secretary and Treasurer |
Date: December 10, 2018
Safe Harbor Statement To the extent that statements contained in this press release are not descriptions of historical facts regarding Marinus, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as may, will, expect, anticipate, estimate, intend, believe, and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward-looking statements contained in this press release include, among others, statements regarding our interpretation of preclinical studies, development plans for our product candidate, including the development of dose forms, the clinical trial testing schedule and milestones, the ability to complete enrollment in our clinical trials, interpretation of scientific basis for ganaxolone use, timing for availability and release of data, the safety, potential efficacy and therapeutic potential of our product candidate and our expectation regarding the sufficiency of our working capital. Forward-looking statements in this release involve substantial risks and uncertainties that could cause our clinical development programs, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the conduct of future clinical trials, that results of preclinical studies or earlier clinical trials are not necessarily predictors of future results in later preclinical studies or clinical trials, the timing of the clinical trials, enrollment in clinical trials, availability of data from ongoing clinical trials, expectations for regulatory approvals, the attainment of clinical trial results that will be supportive of regulatory approvals, and other matters, including the development of formulations of ganaxolone, and the availability or potential availability of alternative products or treatments for conditions targeted by the company that could affect the availability or commercial potential of our drug candidates. Marinus undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company in general, see Marinus' 10-K dated March 7, 2018 and other filings by the company with the U.S. Securities and Exchange Commission. You may access these documents for free by visiting EDGAR on the SEC web site at www.sec.gov.

Ganaxolone IV was fast acting, robust and durable Effect seen at 48 hours was durable through Day 34 >5-point reduction in HAM-D17 compared to PBO starting at 48 hours Established a dose response Ganaxolone oral - robust & durable signal Supports IV to oral administration in future studies Summary of Top-Line Results Ganaxolone was safe and well tolerated no SAEs or discontinuations due to treatment related AEs Next Step Explore short course IV followed by oral ganaxolone in outpatient setting

PPD Commercial Opportunity Overview Substantial Market Opportunity ~550K PPD patients per year in U.S.* High Degree of Unmet Need No approved treatment for PPD currently Significant clinical limitations to SSRIs for treatment of PPD Minimal MOA innovations in last 20+ years in field of depression GNX has a novel mechanism of action targeted to PPD Positive allosteric modulator of synaptic and extrasynaptic GABAA-R GNX has a well established and robust safety profile 1,600 patients have been exposed to GNX in clinical trials with no SAEs *PPD prevalence estimated at ~13% of total 2018 live births of 4.1MM RBC Analyst report 10/18/18

Ganaxolone (GNX) Exhibits a Differentiated MOA Over Standard of Care in PPD Ganaxolone is a positive allosteric modulator of synaptic and extrasynaptic GABAA-R Ganaxolone targets unique binding sites that are not susceptible to tolerance build up GNX is a neurosteroid that targets the GABAA receptor GNX increases GABAergic signaling Ganaxolone is an investigational drug

Magnolia Study - Trial Design Study Overview Double-blind, placebo-controlled Multiple US sites; 1:1 randomization Multi-cohort, ascending-dose 3 dose regimens studied Objective: Evaluate safety, tolerability, PK & efficacy of ganaxolone IV in women with PPD Ganaxolone IV - 60hr Placebo IV 60hr N=58 Randomized 1:1 Double blind Follow-up Day 11 Day 34

Clinically Meaningful Early Response Seen with Ganaxolone IV @ 48-hours Ganaxolone Median dose 48-Hours 60-Hours 34 Days 60 µg/kg/h (n=8) -9.6 -12.0 -8.4 90 µg/kg/h (n=12) -13.5 -13.4 -17.7 140 µg/kg/h (n=10) -15.1 -16.9 -15.7 Placebo (n=28) -9.5 -12.7 -11.6 Mean HAM-D17 Change from Baseline Ganaxolone provided rapid onset of action that was durable through one month after stopping treatment. Multiple efficacy scales (clinician- and patient-rated) are consistent with HAM-D17 reduction. Least-squares (LS) mean reductions reported 5.6 4.2 4.1 0 5 10 -20 -10 0 34 Study Day M e a n C h a n g e i n H A M - D 1 7 Placebo (n=28) GNX 140 m g/kg/hr (n=10) Infusion Start Infusion Stop

Ganaxolones Early Response Results in a 50% Remission of PPD One Month After Treatment Responders Remitters 60 hr Day 34 0 20 40 60 80 100 % R e s p o n d e r ( ³ 5 0 % H A M - D 1 7 R e d u c t i o n f r o m B a s e l i n e ) Placebo (n=28) GNX 140 m g/kg/hr (n=10) Study Day 48% 67% 75% 48% 60 hr Day 34 0 20 40 60 80 100 % R e m i s s i o n ( £ 7 H A M - D 1 7 ) Placebo (n=28) GNX 140 m g/kg/hr (n=10) Study Day 26% 33% 36% 50%

Attractive Safety Profile Ganaxolone was safe and well-tolerated Most common reported AEs were sedation and dizziness No SAEs, no discontinuations due to a TRAE Consistent with prior studies, no reports of syncope or loss of consciousness Clean safety profile supports our vision for out-patient or in-home therapy

Amaryllis Study Ganaxolone Oral Study Design: Evaluate safety, tolerability, PK and efficacy of oral ganaxolone in women with PPD HAM-D17 score of > 20 but < 26 Ascending dose regimens with oral ganaxolone Efficacy endpoint - change from baseline in HAM-D17 Interim Data: n=18; 4 weeks of dosing Mean HAM-D17 reduction from baseline (24.7) of 13.2 at 28 days and 15.7 at D36 This cohort is on-going and not all patients have reached D28 Safe and well-tolerated

Continuing to enroll patients in part 2 Exploring shorter IV infusion followed by oral Top-line data 1H 19 Continuing to enroll patients Optimizing dose Top-line data 1H 19 PPD Program Next Steps

Conclusions Ganaxolone IV 140 g/kg/hr demonstrated rapid onset of antidepressant action Clinically meaningful improvement of 5.6 and 4.2 HAM-D17 points over placebo at 48 hrs and 60 hrs, respectively. GNX was safe and well-tolerated No SAEs or discontinuations due to TRAEs No syncope or loss of consciousness (LOC) observed in this study No LOC related to GNX across all placebo-controlled studies to date Data support advancement of IV to oral program

Thank You


MARINUS PHARMACEUTICALS ANNOUNCES POSITIVE GANAXOLONE DATA IN WOMEN WITH POSTPARTUM DEPRESSION
Ganaxolone was safe and well-tolerated
Ganaxolone IV demonstrated fast-acting, robust and durable efficacy
Interim data with ganaxolone oral supports IV to oral administration
Conference call to be held today at 8:30 AM ET
RADNOR, PA, December 10, 2018 (Globe Newswire) Marinus Pharmaceuticals, Inc. (Nasdaq: MRNS) (Marinus or Company), a biopharmaceutical company dedicated to the development of innovative therapeutics to treat epilepsy, depression and other neuropsychiatric disorders, today announced positive results from its Phase 2 clinical trials evaluating ganaxolone intravenous (IV) (the Magnolia Study) and oral (the Amaryllis Study) in women with postpartum depression (PPD). Based on these results, the Company is advancing both studies into the next phase of development to evaluate IV and oral dose regimens.
We achieved our Magnolia study objective and are pleased with the early onset, magnitude and durability of efficacy seen with ganaxolone IV over a month after treatment and discharge from inpatient care, said Dr. Lorianne Masuoka, Chief Medical Officer of Marinus. Ganaxolone IVs safety profile including ability to deliver even the highest dose at the start of infusion in these patients makes it an attractive drug candidate for this underserved patient population. The results from this Phase 2 safety and pharmacokinetic dose-optimization study are instrumental to future studies that incorporate our IV and provide insight to further optimize our oral dose regimen.
Magnolia Study Part 1 (Ganaxolone IV Alone) Top-Line Data
· There was a clear dose response relationship seen for three groups of patients receiving ganaxolone IV at median doses of 60, 90 and 140 µg/kg/h.
· The 140 µg/kg/h dose group (n=10) demonstrated the most robust results, with a clinically meaningful 5.6-point reduction in Hamilton Rating Scale for Depression (HAM-D17) compared to placebo at 48 hours that was durable through the last visit, day 34.
· These patients had a mean HAM-D17 reduction of 16.9 (4.2 > placebo) and 15.7 (4.1 > placebo) points from baseline at 60 hours and day 34, respectively.
· 75% of patients were responders, as defined as having a >50% reduction from baseline, at day 34 and 67% were responders at 60 hours.
· 50% of patients achieved remission from depression, as determined by a HAM-D17 <7, at day 34 and 33% achieved remission at 60 hours.
· Ganaxolone was safe and well-tolerated in all dose groups. Consistent with previous ganaxolone studies, the most common reported adverse events were sedation and dizziness. There were no serious adverse events reported, no discontinuations due to a treatment
related adverse event and, consistent with prior studies, there were no reports of syncope or loss of consciousness.
· The Clinical Global Impression of Improvement (CGI-I) as well as the Edinburgh Postnatal Depression Survey (EPDS) and Spielberger State-Trait Anxiety 6 (STAI-6) showed highly similar trends that were consistent with HAM-D17.
· 58 patients with PPD were randomized on a 1:1 basis to receive one of three ascending fixed IV 60-hour dose regimens of ganaxolone or placebo. No initial up titration was required, and patients were down titrated over the final 12 hours of the 60-hour infusion. A bolus injection of ganaxolone prior to the 60-hour infusion was explored to test the safety and tolerability of a very short, high dose infusion. None of the dose groups were powered to generate statistical significance.
· Patients with a HAM-D17 score of >26 were considered for enrollment in the study. HAM-D17 measurements were conducted by a centralized rater and taken at various timepoints spanning from baseline to day 34.
Bassem Maximos, MD, MPH, FACOG, and a Principal Investigator in the Magnolia Study, commented, The impressive safety profile and antidepressant effect demonstrated in these women marks an important advancement in the development of treatment of PPD. With no cure or approved treatment for the one in seven women suffering from PPD, there is a great need for potential treatment options that are safe, fast-acting and convenient. I look forward to working with Marinus as they continue to develop both the IV and oral formulations of ganaxolone.
Amaryllis Study Update Oral Ganaxolone
Enrollment is ongoing in the Companys Amaryllis study, a Phase 2 clinical trial to evaluate the safety, tolerability and efficacy of oral ganaxolone in women with PPD. Patients with a HAM-D17 score of >20 but <26 are being considered for enrollment in the study. Cohorts of patients enrolled in the initial open label phase of the study receive ascending dose regimens with oral ganaxolone. The efficacy endpoint is change from baseline in the HAM-D17 score.
Patients in the most recent dose cohort who took oral ganaxolone (n=18) for four weeks had a mean HAM-D17 reduction of 13.2 points 28 days from a baseline of 24.7 and a reduction of 15.7 points at day 36. This cohort is on-going and not all patients have reached day 28. As with IV, oral ganaxolone was generally safe and well-tolerated with no serious adverse events reported and no discontinuations due to treatment related adverse events.
Reporting these data from both of our PPD studies is an important milestone for Marinus, commented Christopher M. Cashman, Chief Executive Officer of Marinus. Based upon these encouraging results, we are now equipped to enroll patients into the next phase of development where we can explore more convenient IV and oral dosing regimens. Ganaxolones efficacy and clean safety profile provides the opportunity to develop a fast acting, durable and convenient treatment regimen to meet the needs of moms suffering from postpartum depression.
The company is advancing both the Magnolia and Amaryllis studies with data expected in the first half of 2019. The second part of the Magnolia Study will evaluate a short IV infusion followed by oral ganaxolone administration and the Amaryllis study will continue to optimize oral ganaxolone dosing.
Marinus is planning to submit the full data set from the Magnolia study for publication or presentation at a future medical conference.
Conference Call and Webcast Details
Marinus will host a conference call today at 8:30 a.m. ET. Stockholders and other interested parties may participate in the call by dialing 844-277-9448 (domestic) or 336-525-7135 (international) and referencing conference ID number 2197815. The live webcast can be accessed on the investor page of Marinus website at https://ir.marinuspharma.com/. A replay will be available on Marinus website approximately two hours after completion of the event and will be archived for up to 30 days.
About PPD
PPD is a mood disorder that affects about 15% of women within the first year following childbirth. Common symptoms include feelings of extreme sadness, hopelessness, suicidal ideation, anxiety and fatigue. PPD is thought to be linked to disorders of the GABA system, possibly mediated by rapid fluctuations in the levels of reproductive hormones and allopregnanolone (allo) after childbirth. Allo has been shown in clinical studies to be effective in treating patients with PPD. PPD can affect a mothers ability to care for her child and may negatively affect a childs cognitive development. There are no approved treatments for PPD, but the most common treatments are psychotherapy and antidepressants.
About Ganaxolone
Ganaxolone, a positive allosteric modulator of GABAA, is being developed in three different dose forms (intravenous, capsule and liquid) intended to maximize therapeutic reach to adult and pediatric patient populations in both acute and chronic care settings. Unlike benzodiazepines, ganaxolone exhibits anti-seizure and anti-anxiety activity via its effects on synaptic and extrasynaptic GABAA receptors. Ganaxolone has been studied in more than 1,600 subjects, both pediatric and adult, at therapeutically relevant dose levels and treatment regimens for up to four years. In these studies, ganaxolone was generally safe and well-tolerated. The most commonly reported adverse events were somnolence, dizziness and fatigue.
About Marinus Pharmaceuticals
Marinus Pharmaceuticals, Inc. is a biopharmaceutical company dedicated to the development of ganaxolone, which offers a new mechanism of action, demonstrated efficacy and safety, and convenient dosing to improve the lives of patients suffering from epilepsy and neuropsychiatric disorders. Ganaxolone is a positive allosteric modulator of GABAA that acts on a well-characterized target in the brain known to have anti-seizure, anti-depressant and anti-anxiety effects. Ganaxolone is being developed in three different dose forms (IV, capsule and liquid) intended to maximize therapeutic reach to adult and pediatric patient populations in both acute and chronic care settings. Marinus has initiated the first ever pivotal study in children with CDKL5 deficiency disorder, a rare form of epilepsy, and is currently conducting studies in women with postpartum depression and refractory status epilepticus.
Forward-Looking Statements
To the extent that statements contained in this press release are not descriptions of historical facts regarding Marinus, they are forward-looking statements reflecting the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as may, will, expect, anticipate, estimate, intend, believe, is planning, and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Examples of forward-looking statements contained in this press release include, among others, statements regarding our interpretation of preclinical studies, development plans for our product candidate, including the development of dose forms, the clinical trial testing schedule and milestones, the ability to complete enrollment in our clinical trials, interpretation of scientific basis for ganaxolone use, timing for availability and release of data, the safety, potential efficacy and therapeutic potential of our product candidate and our expectation regarding the sufficiency of our working capital. Forward-looking statements in this release involve substantial risks and uncertainties that could cause our clinical development programs, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the conduct of future clinical trials, that results of preclinical studies or earlier clinical trials are not necessarily predictors of future results in later preclinical studies or clinical trials, the timing of the clinical trials, enrollment in clinical trials, availability of data from ongoing clinical trials, expectations for regulatory approvals, the attainment of clinical trial results that will be supportive of regulatory approvals, and other matters, including the development of formulations of ganaxolone, and the availability or potential availability of alternative products or treatments for conditions targeted by the Company that could affect the availability or commercial potential of our drug candidates. Marinus undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of the Company in general, see filings Marinus has made with the Securities and Exchange Commission.
CONTACT:
Lisa M. Caperelli
Executive Director, Investor & Strategic Relations
Marinus Pharmaceuticals, Inc.
484-801-4674

