SYN-004 (ribaxamase) Sheila Connelly. Digestive Disease Week 2017 Chicago, IL May 7, 2017

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SYN-4 (ribaxamase) An Orally-Delivered Beta-Lactamase Protects the Gut Microbiome from Antibiotic-Mediated Damage and Mitigates Propagation of Antibiotic-Resistance Genes in a Porcine Dysbiosis Model Sheila Connelly Digestive Disease Week 217 Chicago, IL May 7, 217

Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, on Synthetic Biologics current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes, "estimates, indicates, and similar expressions. These statements are based upon management s current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding our timeline for our clinical trials and reporting of data, our establishment of collaborations and our execution of our growth strategy, benefits to be derived from use of SYN-4 and our execution of our growth strategy. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in Synthetic Biologics forward-looking statements include, among others, our product candidates demonstrating safety and effectiveness, as well as results that are consistent with prior results, our ability to initiate clinical trials and ifinitiated, our ability to complete them on time and achieve the desired results and benefits, our clinical trials continuing enrollment as expected, our ability to obtain regulatory approval for our commercialization of product candidates or to comply with ongoing regulatory requirements, regulatory limitations relating to our ability to promote or commercialize our product candidates for the specific indications, acceptance of our product candidates in the marketplace and the successful development, marketing or sale of our products, developments by competitors that render our products obsolete or non-competitive, our ability to maintain our license agreements, the continued maintenance and growth of our patent estate, our ability to become or remain profitable, our ability to establish and maintain collaborations, our ability to obtain or maintain the capital or grants necessary to fund our research and development activities, a loss of any of our key scientists or management personnel, and other factors described in Synthetic Biologics annual report on Form 1-K for the year ended December 31, 216, subsequent quarterly reports on Form 1-Qs and any other filings we make with the SEC. The information in this presentation is provided only as of the date presented, and Synthetic Biologics undertakes no obligation to update any forward-looking statements contained in this presentation on account of new information, future events, or otherwise, except as required by law. 2

The Gut Microbiome Regulates Human Physiology Gut Microbiome Involved in: Digestion Immune system Protection from pathogens Metabolic, cardiovascular, neurological diseases Reservoir of antibiotic resistance 4 B.C. Synthetic Biologics is developing therapies to protect the gut microbiome from antibiotic damage Disrupted by: Antibiotics Opportunistic infections C. difficile VRE MDR

SYN-4 (ribaxamase): Paradigm Shift Through Protection and Prevention Antibiotic Inactivation to Preserve the Gut Microbiome Current Approach Antibiotics C. difficile infection More Antibiotics Recurrent C. difficile infection β-lactam Fluoroquinolone Clindamycin Other Metronidazole Vancomycin Fidaxomicin Ribaxamase Paradigm Antibiotics Beta-lactam antibiotic + ribaxamase Intact gut microbiome Protection of the microbiome Prevention of C. difficile infection Ribaxamase: protection of the gut microbiome during antibiotic use

Beta-Lactamases: From Enemies to Therapies Strategy: SYN-4 (ribaxamase) is a betalactamase enzyme designed to be taken orally to degrade selected betalactam antibiotics in the GI tract to protect the microbiome Capsule with enteric-coated beta-lactamase pellets Beta-lactamase not absorbed systemically Product: Intended Outcome: Capsule with enteric-coated enzyme Protection of the gut microbiota, prevention of C. difficile infection, and reduction of antibioticresistance propagation Orally-delivered ribaxamase is intended to degrade residual antibiotics in the GI tract to protect the gut microbiome without affecting antibiotic efficacy IV antibiotics Protect the microbiome Protected from stomach acid Released in the duodenum and throughout the GI tract Inactivate antibiotics excreted into the GI tract

Ribaxamase Clinical Trials Completed Phase 1 (2 trials), Phase 2a (2 trials), and a Phase 2b trial Phase 1: Demonstrated good tolerability with no systemic absorption of ribaxamase* Phase 2a: Demonstrated ribaxamase degraded ceftriaxone in the GI tract without affecting systemic levels** Phase 2b: Demonstrated a significant reduction in C. difficile disease and a significant reduction in new colonization by vancomycin-resistant enterococci (VRE) in patients receiving IV ceftriaxone for a lower respiratory tract infection Tuesday May 9 at 1:3 am, oral presentation of Astract 874j in Clinical Science: Late-Breaking Abstract Plenary, Room S13. John Kokai-Kun: An Oral Beta-Lactamase Prevented Clostridium Difficile Infection and Protected Patients from Colonization by Antimicrobial Resistant Pathogens by Preserving Gut Microbime Diverstiy in a Phase 2B Clinical Trial Through CDC funding, microbiome assessments are in progress to evaluate ribaxamase s ability to reduce the emergence of antibiotic resistance Phase 3: Expected 1H218 *Roberts et al., (216) Clinical Drug Investigation, 36:725-734 **Kokai-Kun et al., (217) Antimicrobial Agents and Chemotherapy, 61:e2197-16 6

Piglet Model of Antibiotic-Mediated Dysbiosis 2 month old 2 kg piglets N=5 per cohort Oral ribaxamase (75 mg QID) Antibiotics Antibiotics: IV Ceftriaxone IV Ertapenem Oral Amoxicillin Days: -7-4 1 2 4 7 8 9 Study End Feces collections Blood collections Readouts: Fecal DNA whole genome shotgun sequencing analyses Antibiotic blood levels 7

Ribaxamase Protected the Microbiome in Piglets Piglet Fecal DNA whole genome shotgun sequencing and taxonomic profiling Heatmap of bacterial strains displayed as the relative abundance Ceftriaxone Ceftriaxone + Ribaxamase Day -4 Day 8 Day -4 Day 8 63 15 3 Individual Pigs % Relative Abundance Ribaxamase reduced antibiotic-mediated changes to the microbiome Connelly et al. (217) J. Applied Microbiology, doi:1.1111/jam.13432 Bacterial Taxa

Ribaxamase Reduced Propagation of Antibiotic-Resistance Genes in Piglets Antibiotic-Resistance Gene Heatmap 1 CRO Day -4 CRO Day -4 66 32 % Gene Cover -age CRO + Ribaxamase Day -4 CRO + Ribaxamase Day -4 Individual Animals Antibiotic-Resistance Genes A broad spectrum of antibiotic-resistance genes were propagated in response to ceftriaxone, not just those conferring resistance to beta-lactams Ribaxamase reduced emergence of antibiotic-resistance genes

Ribaxamase Prevented Propagation of a Broad Range of AR Genes Change in the frequency of AR genes Change in frequency of antibiotic resistance genes (Day -4 to ) 1.2 1.8.6.4.2 -.2 -.4 Ceftriaxone Alone Ceftriaxone + Ribaxamase acre baer emry mdtd mdtn pbp2 pbp4 AmpC Increase No change Decrease Ceftriaxone caused an increase in AR gene frequency while ribaxamase reduced AR gene frequency

Ribaxamase Prevented Emergence of Non-Beta-Lactamase AR Genes Aminoglycoside_strA Tetracycline_tet39 P<.5 P<.5 Ribaxamase significantly reduced emergence of genes conferring resistance to antibiotics other than beta-lactams

Beta-Lactam Antibiotics Caused Dysbiosis in Piglets Heatmap of bacterial strains displayed as the relative abundance No Abx 63 Day -4 No Abx 15 3 % Relative Abundance Ertapenem Amoxicilin Ceftriaxone Day 8 Day 9 Day 8 Day 9 Day 8 Day 9 Individual Pigs Bacterial Taxa Antibiotics caused depletion of some species and overgrowth of others

Antibiotic Exposure Rapidly Results in Propagation of AR Genes Antibiotic-Resistance Gene Heatmap 1 Amox Day -4 Day 9 Amoxicillin Day -4 Day 9 8 6 4 % Gene Coverage 2 Ertap Day -4 Ertapenem Day -4 Day 9 Day 9 Antibiotic-Resistance Genes Individual Pigs A broad spectrum of antibiotic-resistance genes were propagated in response to antibiotic exposure, not just those conferring resistance to beta-lactams 13

Emergence of Antibiotic Resistance Genes after Amoxicillin Exposure ESBL Genes Other AR Gene OXA-347 CblA-1 Aminoglycoside_strA 1 9 Relative Gene Frequency (%) 8 7 6 5 4 3 2 1 Day -4 Day 9 Day -4 Day 9 Day -4 Day 9 ESBL and AR genes were rapidly propagated after amoxicillin exposure

Oral Amoxicillin Exposure Causes Propagation of a Broad Range of AR Genes Relative Increase Day -4 to 4 3 2 1 Relative AR Gene Frequency Increase from Day -4 to A broad spectrum of antibiotic-resistance genes were propagated in response to amoxicillin exposure

Emergence of AR Genes after Ertapenem Exposure ESBL Genes Other AR Genes OXA-227 IMP-27 mphe adec 1 9 1 9 Relative Gene Frequency (%) 8 7 6 5 4 3 2 Relative Gene Frequency (%) 8 7 6 5 4 3 2 1 1 Day-7 Day-4 Day 9 Day-7 Day-4 Day 9 Day-7 Day-4 Day 9 Day-7 Day-4 Day 9 ESBL and AR genes were rapidly propagated after ertapenem exposure Mollenkopf DF. et al., Ohio State University (217) AAC 61: e1298-16; Johnson, TJ (217) AAC 61: e2348-16 Nightmare bacteria resistant to last-resort antibiotics discovered on farm. http://civileats.com/216/12/15/2675

Emergence of Vancomycin Resistance Genes after Ertapenem Exposure vanrc3 vana_c vansc3 1 9 Relative Gene Frequency (%) 8 7 6 5 4 3 2 1 Day -4 Day 9 Day -4 Day 9 Day -4 Day 9 Vancomycin-resistance genes were rapidly propagated after ertapenem exposure

Ertpeneem Exposure Causes Propagation of a Broad Range of AR Genes Relative AR Gene Frequency Increase from Day -4 to Relative Increase Day -4 to 4 3 2 1 A broad spectrum of antibiotic-resistance genes were propagated in response to ertapenem exposure

Future Directions Ribaxamase Continuing Phase 2b data analysis including exploratory end points, as well as fecal microbiome and resistome data (CDC contract) Oral presentation of Phase 2b data, Tuesday May 9 at 1:3 am Clinical Science: Late- Breaking Abstract Plenary, Room S13 Planning for Phase 3 pivotal trials Ribaxamase and oral beta-lactam antibiotics Formulations that release distal to the site of oral antibiotic absorption are in progress Testing in pig model of oral amoxicillin dysbiosis Has the potential to expand indications to include oral beta-lactams Carbapenemase (SYN-6) Recombinant protein produced in E. coli Formulation for oral delivery in progress Testing in pig model of ertapenem dysbiosis Additional strategies to protect the microbiome from antibiotics

Conclusions Ribaxamase is intended as an orally-delivered beta-lactamase to protect the gut microbiome from IV penicillins and cephalosporins to prevent C. difficile infection (CDI) Phase 2b proof-of-concept study demonstrated a statistically significant reduction in CDI and new VRE colonization in patients that received ribaxamase with ceftriaxone compared to placebo Ribaxamase protected the gut microbiome from ceftriaxone-mediated dysbiosis in pigs Ribaxamase reduced the emergence and propagation of antibiotic-resistance genes in pigs Goal of this antibiotic-inactivation strategy is to enable patients to leave the hospital with their gut microbiomes intact Protect from CDI and secondary infections with MDR organisms Reduce antibiotic resistance Diminish risks associated with beta-lactam antibiotics Ribaxamase has the potential to become the first prophylactic therapy designed to prevent antibiotic-mediated microbiome damage including C. difficile infection

Acknowledgements Synthetic Biologics, Inc. Research Michael Kaleko Christian Furlan-Freguia Clinical and Nonclinical Joe Sliman Olivia Coughlin Lara Guzman John Kokai-Kun Heather McFall Tracey Roberts Scott Shapot Amy Sloan Heidi Whalen Development Ray Stapleton, Jr. J. Andrew Bristol Steven Hubert Graphic by Hyperbiotics CosmosID, Inc. Rita R. Colwell Nur Hasan Poorani Subramanian Protection Preservation Prevention