AZTherapies Strength↕≥∑ens Neuroinflammation-T±♦&argeted Pipeline Through Ac×βquisition of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTheσσrapies, Inc., a biopharmaceutica&>↔l company developing therapeutics to exten÷d brain health, today announced t♦>♦♦he acquisition of Smith Therapeutics, a privatα∑ e biopharmaceutical compa↔$♠ny with a shared goal of ←™✘↑targeting neuroinflamma tion to treat neurodegene≈✘rative disease. Smith Therapeu¶≥∑tics’ Founder and Chief Executi₩γve Officer Philip Ash↓ >↓ton-Rickardt, Ph.D., α©≈♣has joined the senior leadership tea∏πm at AZTherapies as Senior Vice President Ωγσ↑of Immunology. Financial terms of the acquisit Ω&φion were not disclosed.±δ≤✔Smith Therapeutics’ pr♥Ω©≥oprietary research platfo≥₽₩rm focuses on the use of modifie<♠ε↓d T cells to restore a healthy balance ∞★₩of inflammatory and "•↑ regulatory cells in the brain. To date, Sm↔γ±↕ith has successfully σ✔δengineered immunosuppressive ≠©≠T regulatory (Treg) cells with C>♦✘€himeric Antigen Receptors ( ♥♥↕CARs) targeting brain glial cells. Previous reseπ☆arch has demonstrated the ability of Tregs to d←δγ↓ampen microglial activity and reduce neuroinflamm♥¥ation in models of neurodegeneration, suggesting★ ♦₽ their potential utility in t×™he treatment of diseases including Prog₽≥ressive Supranuclear Palsy (PSP), Alzheimer’s ÷β£disease, Parkinson’s disease, Huntingto"φ₽∑n’s disease, Amyotrophic Lateral Sclerosis (ALγγπS), and others.“This acquisition represents a m∞₹eaningful step forward for us as w♣♥∞₹e continue to strengthen our lea≥λ↓dership position in the dφ™evelopment of therapies targeting n←αeuroinflammation to stop or slow the progσ₽ression of neurodegenerative diseaseπα÷ s,” said David R. Elmaleh, Ph.D., Foun<'<∑der, CEO, and Chairman of AZTherap♦ ies. “We are excited"§☆ to be working with Philip as we add this✘→ cutting-edge technology to o±φ™ur portfolio of innovative programs. An es™∞&₽teemed immunologist and inventor of th'∑↓✔e technology, Philip briσ∞ngs unparalleled exp→≠ertise to the company and w♦↕e look forward to advancing this Cσ★©¶AR-Treg program further into IND-enablin♠★g studies and into clinical d±♠evelopment as rapidly as∏"× possible.”Dr. Ashton-Rickardt com"≥♦mented on the acquisition and his appointment: “Our shared rationa✔∞σle of targeting neuroinflammation•∏ as the root cause of neurodegenerative d☆✔÷☆isease makes this acquisiti←™"©on a great strategic δ≈ fit for us. With AZTherapies’ expφσertise in drug develo₽₹∏<pment and clinical trial execution, we beli♥✘♥eve that together, we are well positioned to adva ≤→<nce our CAR-Treg techno•≠logy and fundamentally change neurodegenerative•δ disease progression.”Prior to laπ€←unching Smith Therapeutics in 2017, Dr. Ashton✘σ'×-Rickardt was Chair in " Immunology at Imperial ®'College London, Visi ✘¶$ting Professor, Brig¥®↑ham and Women’s Hospital, H™¥♥arvard Medical School,© ♥ and Associate Professor in the¶♠ε Department of Patholoλgy at the University ↔±of Chicago. His work has been recognized±® by his peers through the award of tenure from≥α The University of Chicago and by× his fellow citizens as a recipient of the Ear™±ly Career Award for Scientists and Engineers fφ>rom President Bill Clinton. He has pubγ ≥♠lished more than 65 peer-reviewed pa€∏pers in more than 30 acad↕↓₩↑emic journals (including Cell, Science §±↔, Immunity, and Natu≈∑ >re Immunology), has serv¶>φed as an editor for several acaλαdemic journals, and has been a member of grant♠≥÷₹ review boards globally. Dr. Ashton-Rickardt ≠≥received a B.Sc. in Bioche≈σ★σmistry from the University of London, Ki♣ελng’s College with honors, a Ph.D. in Moleγ≈☆♣cular Biology from the Universit®y of Edinburgh, and completed post-doc☆β toral work at the University♥§ of Edinburgh and the Massachusetts Institute o<♦f Technology in Molecular Biol∞ ogy and Molecular Immuno®<☆¶logy, respectively.information source>∞:pharma focus AsiaThe original l★£ ink:https:https://www.pharmafocusasia.∏©com/news/aztherapies-strengthens-neuroi'↑↓nflammation-targeted-pipeline-through-β♠δ§acquisition-of-smith-therape¶★♣utics2019 Asia-pacific pharma IP L∏&∑eader Summit: http://en.zenseegrou∑±p.com/p/510934/will be held in Beijing&nb♦↑λ₹sp; on November 14÷←-15, and will attract more than 500 indu¶×stry experts from domestic and f±σoreign pharmaceutical companies,♦& biotechnology companies, govern®≠∑≤ments, associations, law ≈ εfirms, intellectual property agents and other c©§₹✔ompanies to attend.Officia∑ ✔€l registration and co♥™nsultation channels:Contact:AnnPhone: 0↕¶✘21-65650305Email:Marketing@zensee "λgroup.comhttp://en.zenseegroup.com₽ ∏♣/p/510934