AZTherapies Strengthens Neuroinflammation-Targe &→ted Pipeline Through Acquisit↕↑ion of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTherapies♠♥♣✘, Inc., a biopharmaceutical c₩₹≠ompany developing ther'₩↕apeutics to extend b↕ε✘rain health, today announced the acquisition oσ ∞f Smith Therapeutics, a private bi&±₹≈opharmaceutical company¶← with a shared goal of targeting neuroinflam↔₹mation to treat neurodegenerative disease. Smit →↕h Therapeutics’ Founder and Chief Executive O™→☆$fficer Philip Ashton-Rickardt, Ph.D., hasΩ↓↑™ joined the senior lead₽₽∏€ership team at AZTherapies as Senior Vice Preside♥♥€☆nt of Immunology. Financial terms of the acq♥λ$✔uisition were not disclosed♠™¥↕.Smith Therapeutics’ proprieta'™ry research platform focuses on the use ∞≤of modified T cells to restore a ♥$healthy balance of inflammato→αry and regulatory cells in the brain. To date, π" Smith has successfully engin↔♦₩♣eered immunosuppressive T₩β"≠ regulatory (Treg) cells wi÷γεth Chimeric Antigen Receptors (¶↕≥CARs) targeting brain glial ce♠×$lls. Previous research has demon§¶$strated the ability εφ ¶of Tregs to dampen microglial activitβ✔y and reduce neuroinflammation in mσ"₩$odels of neurodegeneration,επ suggesting their potential utilit↑£€±y in the treatment of diseases inc✔∑♠luding Progressive Supranuclear Palsy• >≤ (PSP), Alzheimer’s disease, Parkinson’←σ's disease, Huntington’s disease, &±γ✔Amyotrophic Lateral S•$£¥clerosis (ALS), and others.“This acquisition ¶₩represents a meaningful step forwar↕'₹§d for us as we continue to strengthen our leader♦↓σ¥ship position in the development of therapie↔¶♦s targeting neuroinflammation tσ£★o stop or slow the progression of neurod×✘₹egenerative diseases,” said David R. E∑€lmaleh, Ph.D., Founder,®™↔☆ CEO, and Chairman of AZTherapies. “We are✔"± excited to be workingα with Philip as we add this cutting-e £×dge technology to our portfolio of inno>←vative programs. An est→≈eemed immunologist and inventor of the techβ±nology, Philip brings unparal×↕÷&leled expertise to the compα§any and we look forward to advancing this CAR-Tr÷→eg program further into IND-enablin↕π♣<g studies and into clinic÷∑'≥al development as rapidly as possibl™•≥∞e.”Dr. Ashton-Rickardt commentγ₹ed on the acquisition and h®↓♣is appointment: “Our sha≤₹γ§red rationale of targeting neuroin✘σ♥flammation as the root cause o × ✘f neurodegenerative disease makes this×₽©≥ acquisition a great strategic fit for♣÷✘ us. With AZTherapies’ e•α$xpertise in drug deve§♠lopment and clinical tria₩"l execution, we believe tha∑•↑t together, we are well positioned to advan§£ce our CAR-Treg technology and fundamentally c ≥hange neurodegenerati✘♥ve disease progression.”Prior to launching ←₽₽↑Smith Therapeutics in 2017, ↑¶Dr. Ashton-Rickardt was Chairα in Immunology at Imperial College L¶Ω¶ondon, Visiting Profe€↕ssor, Brigham and Women’s Hospital, H®arvard Medical School, and Associate≥< Professor in the Department of Pathology at th ∑e University of Chicago. His work has beeφσβn recognized by his peers th♦←rough the award of tenure from The University of ↔→→λChicago and by his fellow citiz>φens as a recipient of the Early Career Awa♦<₽rd for Scientists and Engineeγ☆®rs from President Bill C ≠βlinton. He has published more than 65 peer-r$>±εeviewed papers in more©∏ than 30 academic journa↓☆€ls (including Cell, Scie✘ ÷®nce, Immunity, and Nature Immunology), ha±≤₹s served as an editor for several ac✘÷ademic journals, and has been a member ★λ of grant review boards globally. Dr. Ashton™→-Rickardt received a B™✘±.Sc. in Biochemistry from thασ∏♣e University of London, King&<←’s College with honors,✔≥" a Ph.D. in Molecular Biol±↑♣≈ogy from the University of ™≤©γEdinburgh, and completed posπ♦t-doctoral work at the University of Edinbur¶↑↕γgh and the Massachusetts Institute of •™→•Technology in Molecular Biolo•←∞gy and Molecular Immunology, respectively.info↕÷λrmation source:pharma focus AsiaT↕'Ω∞he original link:https:htt →∑ps://www.pharmafocusasia.com/news/azthera₹×≈pies-strengthens-neuroinflammatio✔'××n-targeted-pipeline-throug™β>h-acquisition-of-smith-therap≈₹&eutics2019 Asia-pacific pharma IP Leader S≥'ummit: http://en.zenseegroup.com/p/5109δ♣↕₽34/will be held in Beijing &nbsα•₽p;on November 14-15, and willσ↑ attract more than 500 industry experts from do≈ Ωmestic and foreign pharmaceutical companies, bio≈←•technology companies, governm"¥✘↓ents, associations, law firms, i₽π☆™ntellectual property ag>≈×±ents and other companies to attend.O≥®δ✔fficial registration and consultat σ↕ion channels:Contact:An₽§nPhone: 021-65650305Email:Marketing@zenseegα↔™roup.comhttp://en.zenseegroup.com/p/510934