In addition to the offer to purchase, the related letter of transmittal and certain other tender offer
documents to be filed by Merck, as well as the solicitation/recommendation statement to be filed by Imago, Imago will continue to file annual, quarterly and current reports with the SEC. Imagos filings with the SEC are available to the public
from commercial document-retrieval services and at the website maintained by the SEC at www.sec.gov.
Forward Looking Statements of Imago BioSciences
The information contained in this communication is as of November 21, 2022. Imago assumes no obligation to update forward-looking statements
contained in this communication as the result of new information or future events or developments, except as may be required by law.
This communication
contains forward-looking information related to Imago and the proposed acquisition of Imago that involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements.
Forward-looking statements in this communication include, among other things, statements about the potential benefits of the proposed acquisition; the parties ability to satisfy the conditions to the consummation of the Offer and the other
conditions to the consummation of the acquisition; statements about the expected timetable for completing the transaction; Imagos plans, objectives, expectations and intentions, the financial condition, results of operations and business of
Imago, Imagos product pipeline and the anticipated timing of closing of the proposed acquisition.
Risks and uncertainties include, among other
things, uncertainties as to the timing of the Offer and the subsequent Merger; risks related to the satisfaction or waiver of the conditions to closing the proposed acquisition (including the failure to obtain necessary regulatory approvals) in the
anticipated timeframe or at all; uncertainties as to how many of Imagos stockholders will tender their Shares into the Offer and the possibility that the acquisition does not close; the possibility that competing offers or acquisition
proposals may be made; risks related to obtaining the requisite consents to the acquisition, including, without limitation, the timing (including possible delays) and receipt of clearance under the Hart-Scott-Rodino Antitrust Improvements Act of
1976, as amended; disruption from the transaction making it more difficult to maintain business and operational relationships; significant transaction costs; Imagos limited operating history and lack of products for commercial sale;
Imagos dependence on development, regulatory approval and commercialization of its product candidates; difficulties in enrolling patients and risks of substantial delays in its clinical trials; Imagos minimal control over product
candidates in investigator-initiated clinical trials; uncertainties in the cost and outcomes of its clinical studies and the acceptance for presentation at medical meetings of data from such clinical studies; uncertainties in the regulatory review
and approval of Imagos product candidates if its pivotal studies are positive; potentially material changes to the interim, top-line and preliminary data from its clinical trials; potential undesirable
effects of Imagos product candidates and safety or supply issues, in each case with respect to its product candidates alone or in combination with other compounds or products; Imagos potential inability to obtain and maintain orphan drug
designation and delays in approvals despite FDA Fast Track designation for expedited review; risks related to clinical trials outside of the United States; Imagos need to manufacture adequate supplies, including multiple batches of
Bomedemstat, using a commercial current Good Manufacturing Practice; risks related to information technology system and cybersecurity; risks related to misconduct of Imagos employees and independent contractors; risks related to hazardous
materials and Imagos compliance with environmental laws and regulations; risks related to litigation and other claims; risks related to reliance on third parties to conduct and support preclinical studies and clinical trials, and to
manufacture Imagos product candidates; risks related to third-party intellectual property infringement claims and Imagos ability to protect its own intellectual property; and risks related to governmental policies and regulations,
including with respect to drug prices and reimbursement, and changes thereof.
Further descriptions of risks and uncertainties relating to Imago can be
found in Imagos Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, its Annual Report on Form 10-K for the year ended December 31,
2021 and subsequent Current Reports on Form 8 K, all of which are filed with the SEC and available at www.sec.gov and https://ir.imagobio.com/financial-information/sec-filings.