Cynata to Present at 2026 Euroz Hartleys Healthcare Forum
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Cynata Therapeutics Limited
ABN – 98 104 037 372
Level 3, 100 Cubitt Street
Cremorne
VIC 3121
Australia
T: +613 7067 6940
E: info@cynata.com
www.cynata.com
ASX ANNOUNCEMENT 5 February 2026
Cynata to Present at 2026 Euroz Hartleys Healthcare Forum
Melbourne, Australia; 5 February 2026: Cynata Therapeutics Limited (ASX: “CYP”, “Cynata”, or the
“Company”), a clinical-stage biotechnology company specialising in cell therapeutics, will present
today at the 2026 Euroz Hartleys Healthcare Forum..
Dr Kilian Kelly (Chief Executive Officer & Managing Director) will present on the Company’s Cymerus™
iPSC1
-derived MSC2
technology and clinical development programs. The presentation will take place
today, Thursday 5February at 8:50am AWST (11:50am AEDT). For further information on the forum,
contact info@eurozhartleys.com.
A copy of the presentation is attached.
-ENDS-
Authorised for release by Dr Kilian Kelly, CEO & Managing Director
CONTACTS: Dr Kilian Kelly, CEO & MD, Cynata Therapeutics, +61 (03) 7067 6940, kilian.kelly@cynata.com
Lauren Nowak, Media Contact, +61 (0)400 434 299, investors@cynata.com
About Cynata Therapeutics (ASX: CYP)
Cynata Therapeutics Limited (ASX: CYP) is an Australian clinical-stage stem cell and regenerative medicine company focused
on the development of therapies based on Cymerus™, a proprietary therapeutic stem cell platform technology. Cymerus™
overcomes the challenges and limitations of conventional MSC production by using induced pluripotent stem cells (iPSCs) to
achieve economic manufacture of cell therapy products, including mesenchymal stem cells (MSCs), at commercial scale
without the necessity to obtain tissue from multiple donors on an ongoing basis, and without the complexity and product
inconsistency resulting from conventional methods.
Cynata has demonstrated positive safety and efficacy data for its Cymerus™ product candidates CYP-001 and CYP-006TK in
Phase 1 clinical trials in steroid-resistant acute graft versus host disease (GvHD) and diabetic foot ulcers (DFU), respectively.
Further clinical trials are now ongoing: a Phase 2 trial of CYP-001 in GvHD under a cleared US FDA IND; a Phase 1/2 trial of
CYP-001 in patients undergoing kidney transplantation; and a Phase 3 trial of CYP-004 in osteoarthritis. In addition, Cynata has
demonstrated utility of its Cymerus™ technology in preclinical models of numerous other diseases, including critical limb
ischaemia, idiopathic pulmonary fibrosis, asthma, heart attack, sepsis, acute respiratory distress syndrome (ARDS) and
cytokine release syndrome.
Cynata Therapeutics encourages all current investors to go paperless by registering their details with the designated registry service
provider, Automic Group.
1
iPSC = induced pluripotent stem cell
2
MSC = mesenchymal stem (or stromal) cell
A New Standard In Cell Therapy
Euroz Hartleys Healthcare Forum
Dr Kilian Kelly – Chief Executive Officer and Managing Director
5 February 2026
Important Information
Summaryinformation
This Presentation contains summary informationabout Cynata Therapeutics Limited and its subsidiaries (CYP, or
Cynata) which is current as at 4 February 2026. ThisPresentationshould beread inconjunction with CYP’s other
periodicand continuousdisclosure information lodgedwith theAustralian Securities Exchange (ASX),which are
available at www.asx.com.au.
Not an offer
This Presentation is not a prospectus,product disclosure statement or other offering document under Australian law
(and willnot be lodged with the ASIC) or any other law.This Presentation is for information purposes only andis not an
invitationorofferof securities forsubscription,purchase or sale inanyjurisdiction.The release,publication or
distributionof this Presentation (including an electroniccopy) outsideAustralia may be restricted by law. If you come
into possessionof this Presentation,you should observe such restrictions.Any non-compliance with these restrictions
may contravene applicable securities laws.
Not investmentadvice
ThisPresentation doesnot constituteinvestment or financial product advice (nor tax,accounting or legaladvice) or any
recommendationbyCYP orits advisers to acquire CYPsecurities. This Presentationhas beenprepared without taking
account of any person’s individual investment objectives, financial situation or particular needs. Beforemaking an
investment decision, prospectiveinvestorsshouldconsider the appropriatenessof the information having regard to
theirowninvestment objectives,financialsituationandneeds and seek legal, accounting and taxation advice
appropriate to their jurisdiction.CYPis not licensed to provide financialproduct advicein respect of CYPsecurities.
Investment risk andpast performance
An investment in CYPsecuritiesis subject to known and unknownrisks,someof which are beyond the controlof CYP
and its directors.CYPdoes not guaranteeanyparticular rateof returnor performanceof CYP. Past performancecannot
be relied upon as an indicatorof (andprovidesno guidance as to) future CYP performanceincluding future share price
performance.
Financial data
All financial information inthis Presentation isin Australiancurrency (A$) unlessotherwise stated.This Presentation
contains historical financial information based onfinancialinformationthat has been disclosed to theASX. Any
discrepancies betweentotals and sums of components in tables and figures inthis Presentation aredue torounding.
Forward-looking statements
This Presentation contains certain ‘forward looking statements’, whichcan generallybeidentified by the useof forward
looking words such as ‘expect’, ‘anticipate’,‘likely’, ‘intend’, ‘should’, ‘could’,‘may’,‘predict’,‘plan’, ‘propose’,‘will’,
‘believe’, ‘forecast’, ‘estimate’, ‘target’, ‘outlook’,‘guidance’,‘potential’andothersimilarexpressions.The forward
looking statements contained inthis Presentation are not guaranteesor predictions of future performanceand involve
known and unknown risks and uncertainties and other factors, many ofwhich are beyond the controlof CYP, its
directors and management, and may involve significant elements of subjectivejudgment and assumptionsas to future
events which may ormay not becorrect.There can be no assurance that actual outcomes will not differmaterially from
these forward looking statements. A number ofimportant factorscould cause actualresults or performance to differ
materially from the forward looking statements. No representationorwarranty, expressorimplied, is made as to the
accuracy,likelihood of achievement orreasonablenessof any forecasts,prospects, returns or statements inrelation to
futurematterscontained in this Presentation. The forward looking statements arebased on information availableto
CYPas at thedateof this Presentation.Except asrequired bylawor regulation(including theASX Listing Rules), CYP
and its directors,officers, employees,advisers, agents and intermediariesundertake no obligation to provideany
additionalor updated informationwhether as aresult of new information,futureevents or results or otherwise. Youare
strongly cautioned not to place undue reliance on forward-looking statements.
IndustryandMarketdata
Certainmarket and industry dataused inconnectionwiththis Presentation may havebeen obtained from research,
surveys or studiesconducted by third parties,including industryorgeneral publications.NeitherCYPnorits
representativeshaveindependentlyverified any suchmarket orindustry data provided by thirdparties orindustry or
general publications.
Disclaimer
To themaximum extent permitted by law, CYPand its advisers,affiliates,related bodies corporate,directors, officers,
partners, employees and agents (RelatedPersons) excludeand disclaim allliability, including without limitation for
negligence, forany expenses, losses,damages orcosts arising fromthis Presentation orrelianceonanything contained
inor omitted from it. To themaximum extent permitted by law, CYPand its Related Persons make no representation or
warranty, express or implied, as to thecurrency, accuracy,reliabilityor completenessof informationin this
Presentation and disclaim any obligation orundertaking toreleaseanyupdate orrevisionto the information inthis
Presentation to reflect any change in expectations orassumptions. Statements madein this Presentation are made
only as at the date of this Presentation. The information in this Presentation remains subject to change without notice.
cynata.com
2
Cynata Therapeutics
Next-generation Mesenchymal Stromal Cells (MSCs) 1
cynata.com
Commercialising Cymerus , a novel platform producing MSCs
from a single blood donation - once, at scale
MSCs are powerful immune-modulating and tissue-repairing
cells, but naturally scarce in the human body
Traditional manufacturing relies on continuously finding donors
and faces inconsistency, potency loss, and scaling limits
Cynata solves the MSC production bottleneck,
unlocking full therapeutic and commercial potential
Four clinical programs underway, including advanced
Phase 2 & 3 trials across major indications
Front-Runner Status
World-first: scalable MSCs
froma single blood donation
Strong IP moatwith early
clinical efficacy signals
True category pioneers
in MSC medicine
First mover in a high-barrier,
low-competition market
1 - Also known as Mesenchymal Stem Cells
3
Capital Structure
Strong balance sheet. Positioned for upside.
cynata.com
Backed by institutions: Fidelity, BioScience Managers,
and Fujifilm among top holders
Funded through milestones: Cash runway secured to
mid-2026 - through landmark clinical readouts
Attractive valuation: Current market cap does not reflect
value of advanced clinical pipeline and near-term catalysts
Tightly held register: Top 20 own ~48%
Share price (4 February 2026) A$0.35
Shares on issue ~237.5m
Market capitalisation ~A$83m
Cash1 ~A$3.8m
1 - Asof 31 December 2025; based on cash balance at end of quarter of ~$2.6mplus~$1.2m raised via ATM facility subsequent to quarterend
Financial Information
Top Holders
9.9%
8.2%
3.4%
4
Cynata Is At An
cynata.com
Tightly focused clinical pipeline
Entering the most important
chapter in Cynata’s history
Two major clinical trial readouts
this financial year
Advancing with in-human efficacy and
safety data already in place
Positioned well for global
licensing and joint venture deals
Inflection Point
Phase 1 Market Size
Phase 2 Phase 3 Next Catalyst*
US$11.6bn3
Osteoarthritis
CYP-004
Acute Graft vs
Host Disease
CYP-001
Kidney
Transplantation
CYP-001
Results:
Q2 CY 2026
Results:
Q2 CY 2026
Cohort1
Results
Released:
Dec 2025
US$600m1
US$5.9bn4
Ongoing
1. Global Graft versus Host Disease Market 2019-2029 (Reflectsforecast marketin 2026)
2. Zion Market Research, 2019 (represents global treatment market in 2025)
3. Persistence Market Research 2018 research report: “Osteoarthritis Treatment Market: Global Industry Analysis (2012
-2016) and Forecast (2017-2025) (Reflect OA market by 2025);
4. Organ Transplant Immunosuppressant Drugs Market in 2026, Grand View Research, Inc.,2019
* Timing of events is approximate, based on the Company’s information as at the date of this presentation, and subject to change. Timing refers to calendar years.
Diabetic Foot
Ulcers
CYP-006TK
Results
Released:
Dec 2024
US$9.6bn2
Complete
5
Patient Visits Complete
Enrolment Complete
MSCs:
Nature’s
Repair
Cells
Powerful.
Poised for clinical impact.
Naturally found in small
quantities in the body
Regulate and support
immune system and
reduce inflammation1
Support tissue repair1
What are MSCs? Why They Matter
Target root causes of many
diseases, not just symptoms
Safe and well-tolerated
in human trials
Immune-privileged – no
donor matching needed
First human use of MSC-
based therapy was in 2004,
in a 9-year old boy with graft
versus host disease → patient
made complete recovery2
1,800+ clinical
trials initiated globally
Addressing high-burden
diseases with limited
treatment options
Entering a phase of clinical
maturity & market readiness
Where They’re Going
cynata.com 1 - Spees et al. Stem Cell Res Ther 7:125 (2016) | 2 -Le Blanc et al. Lancet. 363: 1439–41 (2004)
6
Conventional MSC Manufacturing
MSCs sourced from
donor tissue
(e.g. bone marrow)
MSCs must be
separated from
other cells
Cells grown in lab
to reach treatment
scale
Expanded MSCs
used to treat
relatively small
number of patients
2Cell
Isolation
1Donor Tissue
Collection 3Culture
Expansion 4Batch
Production
Challenges
Cymerus MSC Manufacturing
2iPSC Master
Cell Bank
1One Donor.
One Time 3CymerusTM
MSC Production
This is a representative, high-level summary of a typical process to produce donor-derived MSCs. Some manufacturing processesmay differ.
cynata.com
Blood sample
fromone healthy
adult - just once
Blood cells
reprogrammed into
iPSCs*, then stored in
a master cell bank
iPSCs directed into
MSCs via novel
Cymerus process
*Induced Pluripotent Stem Cells(iPSCs)
Benefits of CymerusTM
New donors required on ongoing basis
Sourcing new donors → cost & complexity
Donor variability → MSC inconsistency
MSCs have limited reproduction capacity
→ scalability constraints
MSCs lose function with over-expansion
Inconsistent potency and quality
• No need for ongoing donor sourcing or variability
• Avoids costs & complexity of sourcing new donors
• Avoids variability, as starting material is the same for every batch
• Highly scalable: iPSCs have effectively limitless reproduction capacity
• No need to over-expand MSCs → retains potency
• Consistent, potent MSCs every time
7
Cell Source Matters
Cynata’s iPSC-derived Cymerus MSCs shown to be superior to donor-derived MSCs in multiple important ways
Feature
Bone marrow/ adipose-
derived MSCs
Cynata’s Cymerus MSCs
Consistency
High variability between
donors and batches
Minimal batch-to-batch variation
Protein secretion
(secretome)
Limited, donor-dependent
Many more unique proteins with enhanced
immunomodulatory potential
Cell“Age”
(senescence)
More“aged” cellular profile “Younger” phenotype; sustained regenerative capacity
Immunomodulatory
effects
Moderate and variable Superior immune-balancing activity
Wound healing
(in vitro)
Slower wound closure Significantly faster wound closure
Independent validation published in
Nature’s npj Regenerative Medicine
(Feb 2025)1
cynata.com 1 Hodgson-Garms et al. NPJ Regen Med. 2025;10(1):7.
8
Osteoarthritis
There’s no cure. Only symptom relief or invasive surgery.
What is Osteoarthritis?
• Chronic joint disease causing pain, stiffness, and reduced mobility
• Driven by inflammation and cartilage breakdown over time
• Affects ~600 million people globally; major cause of disability2
• Economic burden >US$486 billion annually in U.S. alone1
Osteoarthritis
There’s no cure. Only symptom relief and/or invasive surgery.
The Challenge
• No cure — current drugs only relieve symptoms
• Cartilage loss continues despite treatment
• Surgery is invasive, costly, and not suitable for all
• Urgent need for therapies that change course of disease
cynata.com
1 - Total Economic Impact on the US Economy | BMUS: The Burden of Musculoskeletal Diseases in the United States, Table 8.13
2 - European Journal of Public Health - A cross-sectional study unveiling the global impact and future projections through 2060 of osteoarthritis
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Our Osteoarthritis Product
• Single intra-articular injection –
minimally invasive, outpatient procedure
• Aims to delay or avoid knee
replacement surgery, restore mobility,
and improve quality of life
• Could reduce long-term healthcare
burden if disease-modifying effect
confirmed
• Early phase 3rd party studies with
traditional MSCs have shown;
Strong safety
Pain relief
Improved joint function
• Third party MSC data in OA, and
CymerusTM MSC track record
supported our direct phase 3 entry
• World’s largest MSC-based osteoarthritis
trial – 321 patients, managed by the University
of Sydney, funded by NHMRC
• Randomised, double-blind, placebo-controlled
design
• Primary endpoints*: change in pain and
cartilage thickness (disease modification)
• Secondary endpoints*: other assessments of
pain, function and quality of life
• Final results expected Q2 CY26
cynata.com
Our Product: CYP - 004 MSC Pilot Trials Phase 3 Trial
* Summary only; see https://anzctr.org.au/Trial/Registration/TrialReview.aspx?ACTRN=12620000870954 for more information
NHMRC = (Australian Government) National Health and Medical Research Council
10
Acute Graft vs
When life-saving transplants become life-threatening.
Host Disease (aGvHD)
Donor’s bone
marrow
1
Donor’s bone
marrow or stem cells
are transplanted
into the patient 2Donor’s cells
view the patient
body as foreign
Donor’s
stemcells
3
Red
Blood Cell
White Blood Cell
(Immune cells)
Donor’s Immune cells
attack patient cells
throughout the body 4 Symptoms can be severe
and life threatening
• Gastrointestinal damage:
Diarrhoea, vomiting, pain,
bleeding
• Skin damage:
Extensive rash, blisters
• Liver damage:
Jaundice, pain, swelling, liver
failure
cynata.com
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>38,000 Bone Marrow Transplants per year
Our aGvHD Product
cynata.com
Current Standard of Care for aGvHD
< 20% 2 year
survival rate3
Up to 50% patients develop aGvHD1,2
First Line Treatments = steroids
>50% Don’t respond to steroids3
(known as steroid-resistant aGvHD; SR-aGvHD)
>9,500 Steroid-resistant cases of
aGvHD per year
Only ApprovedTreatmentfor SR-aGvHD = ruxolitonib
• Limited long-term benefits
• Severe & life-threatening side effects common
• Cost >US$100,000 per patient treated
Our Product: CYP-001
• Delivered via intravenous infusion for
systemic immune modulation.
• Aims to reducereliance on steroids,
improve survival, and minimise toxicity.
• Potential to become a first-line therapy
improving long-term transplant outcomes
Cynata Phase 1 Success4,5
60% Alive after two years
87% Improved by
at least 1 grade
53% Showed no
signs of aGvHD
0%
Serious adverse events
related to CYP-001
1 - Reshef et al, J Clin Oncol. 39(17):1878 1887 (2021). | 2 - Akahoshi et al. Blood Adv. 7(16):4479-4491 (2023). | 3 - Westin et al. Adv Hematol. 2011:601953 (2011) |
4 – Bloor et al. Nature Medicine. 26:1720–1725 (2020) | 5 – Kelly et al. Nature Medicine 30: 1556–1558 (2024)
12
Note: comparisons are for illustrative purposes only; data taken fromdifferent clinical trials with different sample
sizes(BAT: n=155; Rux: n=154; CYP-001: n=15). D28/D56 time points used for response rate comparison as
D28/D56 were the only response rate time points reported in the BAT/Rux clinical trial (NCT02913261; Zeiser et al. N
Engl J Med 382:1800-1810 [2020]).
1. Overall Response at Day 56-60 refers to Day 56 response for BAT & Rux, and Day 60 response for CYP-001
36% 38%
60%
Overall Response
• Between Day 28 and Day 56-60, the
Overall Response Rate (ORR) for
both RUX and BAT decreased
markedly, while the ORR for CYP-001
marginally increased
Overall Survival
• CYP also reported 60% survival at
24 months (not shown on graph, as
18 months was the latest timepoint
reported in RUX/BAT trial)
Safety
• No serious adverse events or safety
concerns for CYP-001
39%
62%
67%
0%
10%
20%
30%
40%
50%
60%
70%
80%
22%
40%
73%
Day 28 Day 56-601 18 months
CYP = CYP-001 in Phase 1 trial (NCT02923375).Rux = ruxolitinib inPhase 3 trial(NCT02913261) (ruxolitinib is nowapproved for SR-aGvHD).
BAT= “bestavailable therapy” control armin ruxolitinibPhase 3 trial (NCT02913261)
Overall Response Overall Survival
BAT RUX CYP BAT RUX CYP
▼17%
▼22%
▲6%
BAT RUX CYP
13 cynata.com
CYP-001 vs other treatments in SR-aGvHD
cynata.com
Phase 2 Overview Phase 2 Endpoints* Regulatory Milestones
Our Phase 2 aGvHD Trial
• Randomised, double-blind, placebo-
controlled Phase 2 study
• CYP-001 + steroids vs steroids + placebo
• 65 adults with newly diagnosed high-risk
aGvHD
• Sites across the US, Europe, and Australia
• Patient enrolment completed Dec 2025
• Primary Endpoint: Overall
Response Rate (ORR) at Day 28
• Secondary Endpoints: Duration of
response, complete response,
response at different timepoints,
survival, steroid usage, quality of
life, safety profile
• Readout Timing: results expected
June 2026
FDA
Orphan Drug
Designation
FDA
Cleared
IND
EU EMA
IMPD
Cleared
* Summary only; see https://clinicaltrials.gov/study/NCT05643638 for more information
14
Cynata’s Broader Disease Pipeline
cynata.com
RespiratoryDiseases
Strong Pre-Clinical Data
Pulmonary Fibrosis
Immune-Related Disorders
Asthma
Cardiovascular Diseases
Heart Failure | Heart Attack
Artery Disease
Critical Limb Ischemia
Current Additional Clinical Programs
Kidney Transplantation
(Phase1/2 – Ongoing)
• Cynata’s Phase 1/2 trialunderway
(Netherlands) with Cymerus MSCs
• Investigating reduced reliance on
immunosuppressants
• Results from Cohort 1 expected Q4 CY25
• Phase 1 trial of Cymerus MSCs showed 83.6%
woundreduction vs. 47.8% with standard care
• Safe, well tolerated
• Exploring next development steps
Diabetic Foot Ulcers (DFU)
(Phase1 – Successful)
15
cynata.com
Upcoming Landmark Readouts
Market Size Next Catalyst*
US$11.6bn2
Osteoarthritis
CYP-004
Acute Graft vs
Host Disease
CYP-001
Kidney
Transplantation
CYP-001
Phase 3 Results:
Q2 CY26
(Efficacy & Safety)
Phase 2 Results:
Q2 CY26
(Safety + Efficacy)
Cohort 2
Phase 1/2
Results:
TBC CY26
(Preliminary Safety)
US$600m1
US$5.9bn3
Upcoming Preliminary Readouts
2026 Will Define Cynata
Later stage results could become a strategic trigger
All commercial activities referenced are potential future options only. No agreements have been made.
Licensing / Partnering
• Positive Phase 2 & 3 results can trigger regional or indication-specific deals
• All our indications are attractive licensing targets with clear market needs
• Partnership revenue can help fund future trials without equity dilution
M&A Potential
• Compelling data + scalable platform = highly strategic assets
• Strong potential for synergies with other MSC technologies in the market
Joint Development / Pharma Alliances
• Shared risk models appeal to global pharma with aligned pipelines
• Allows Cynata to enter new markets with global reach and local execution
1. Global Graft versus Host Disease Market 2019-2029 (Reflects forecast marketin 2026)
2. Persistence Market Research 2018 research report: “Osteoarthritis Treatment Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025) (Reflect OA market by 2025);
3. Organ Transplant Immunosuppressant DrugsMarket in 2026, Grand View Research, Inc.,2019
16
Thank You.
Cynata Therapeutics Limited
Level 3,100 Cubitt Street
Cremorne
VIC 3121
Australia
+61 (03) 7067 6940
investors@cynata.com
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