AZTherapies Strengthens Neur←±oinflammation-Targeted ←↔∞ Pipeline Through Acquisit↓ion of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTherapies, Inc., a €≠♦biopharmaceutical company developing t←•€herapeutics to exten≈≠d brain health, today announced the acquisitio↕σn of Smith Therapeutics, a private bioph×β armaceutical company with a shared &÷α∞goal of targeting neuroinflammati←™ on to treat neurodegenerative disease. Smith Th→ ♠↔erapeutics’ Founder and C♠®∑hief Executive Officer ↓♥Philip Ashton-Rickardt, Ph.D., has♣★₹ joined the senior leadπ≥ership team at AZTherapies as Senior Vice Preside↑>nt of Immunology. Financial terms of the ₽>$∑acquisition were not disclosed.Smith Therapeutic≈✔&s’ proprietary research p÷ ₩latform focuses on the use of m>∏♥odified T cells to rest πλore a healthy balance of inflammatory ↓♣≤∑and regulatory cells in the brain. To date, Smit§↕≤h has successfully engineered immunosuppresβ£♥sive T regulatory (Treg) cells with β♠↓'Chimeric Antigen Receptors (CARs'✔) targeting brain glial cells. Previoδ↔λus research has demonstrated the ability of επTregs to dampen microglial activity and reduc≠→≈☆e neuroinflammation in Ω®↓€models of neurodegeneratio∑↔≤✔n, suggesting their pot₽≈✘ential utility in the treatment of dise÷λ÷★ases including Progressive Supranuclear Pφ₽alsy (PSP), Alzheimer’s disease, Par↑≠kinson’s disease, Huntβ♥↕ington’s disease, Amyotrophi εc Lateral Sclerosis (AL↑S), and others.“This acquisition repres₩€&φents a meaningful step forward for us a§↑s we continue to strengthen our leadership pσσosition in the development of therapies targetiΩ♠ ₽ng neuroinflammation to stop or s∏β low the progression of neurodegenerative diseaseγ &s,” said David R. Elmaleh, Ph.D₩↓ ↔., Founder, CEO, and Cha→↑×₩irman of AZTherapies. “We are excited✔§™ to be working with Philip as we∏★ add this cutting-edge t✘ ¶echnology to our portfolio of innovative'₽ programs. An esteemed immunologist and invento™<γr of the technology, Phil≤"ip brings unparalleled expert♣>σise to the company and we l"π<₩ook forward to advancing this CAR-Treg Ωprogram further into IND-enabling s♣≈÷tudies and into clinical development as ∞∏rapidly as possible.”Dr. Ashton-RΩ₩ickardt commented on the acquisition and his app'"Ωφointment: “Our shared rational¶₽☆φe of targeting neuroi₩≈nflammation as the root c"•ause of neurodegenerative ↔ε>₹disease makes this acquisition a great stra₽÷₹tegic fit for us. With A↔φ €ZTherapies’ expertise in drug develop£≈ment and clinical trial execution, we≥∑ believe that together, we are well posσ>itioned to advance our CAR-Treg <↕•technology and fundamental<ly change neurodegenerative disea&≤se progression.”Prior to launching Smithεφ Therapeutics in 2017, Dr. Asht¶¶←on-Rickardt was Chair in Immunology at Impe↔↑×§rial College London, Visitε≈≥ing Professor, Brigham and Wom♣™en’s Hospital, Harvard Medica→™>l School, and Associate Professor in$≠'← the Department of Pathology at thπ φ↓e University of Chicago. His work has been rec↓¥&∞ognized by his peers through the award of t©→↕∞enure from The University of Chica→'go and by his fellow citizens as a reci★σ<pient of the Early Care♥₹er Award for Scientists aφ↔₽nd Engineers from President Bill Clin↔✘÷ton. He has published more tλ$han 65 peer-reviewed papers in more than 30 acad¶♠☆®emic journals (including Cell, Science, Im★♥munity, and Nature Immunology),$ has served as an edδγ↔itor for several academic journals, and has been ♥♠↕a member of grant re✘←view boards globally. Dr. Ashton-RickardεΩ t received a B.Sc. in Biochemistry from the Unive✔ §✔rsity of London, King’s College with h↓✔onors, a Ph.D. in Molecular Biology from the University of Edinburβ≥gh, and completed post-doctoral work at≠♣✔Ω the University of Edinburg♥Ω₽ h and the Massachusetts Institute of T©¥echnology in Molecul∑←π¥ar Biology and Molecular Immunology, re'>spectively.information sour✘ €♥ce:pharma focus AsiaThe original link:https:>αhttps://www.pharmafo&♠cusasia.com/news/aztherapieεδ± s-strengthens-neuroinflammation-targete ✘→≈d-pipeline-through-acquiΩ≠φ↑sition-of-smith-therapeutics2019 Asia-pacifiφ¶'→c pharma IP Leader Sumπ≤mit: http://en.zenseegroup.€★δcom/p/510934/will be held in Beij★∑✘ing on November 14-15, and wil₩±≥♦l attract more than 500 industry experσ✘∑ts from domestic and foreign pharmaceutical c$•®ompanies, biotechnolog§↕ ×y companies, governmentσ∑αδs, associations, law firms, intelle♣★♣ctual property agents and other companies ₽₩↑'to attend.Official r±★egistration and consultatio≤♣←n channels:Contact:AnnPhone: 021-6565'±0305Email:Marketing@zensee₹↔αgroup.comhttp://en.zenseegroup.co©$m/p/510934