AZTherapies Strengthens Neuroinflam≈ mation-Targeted Pipeline Through Acquisiti∑₩on of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTherapies, Inc., ≈ a biopharmaceutical company d₩π★eveloping therapeutics to exte•→±nd brain health, today announced the acquis★∑ition of Smith Therapeutics, a privateεε✔£ biopharmaceutical company with a shared₹♣✘ goal of targeting neur±®÷oinflammation to treat neurode×'φgenerative disease. Smith Therapeutics’ Fπ₹✘ounder and Chief Executiv≈"e Officer Philip Ashton-Rickardt, ₹♦λPh.D., has joined the se₹↑nior leadership team at AZTherapies as Senior ><φVice President of Im≤γmunology. Financial terms© of the acquisition were not disclosed.Sγ✔¥♥mith Therapeutics’ proprietary ¶÷★$research platform focuses on the uγ÷se of modified T cells to restore a hea×♣φ∏lthy balance of inflammatory and α↓π•regulatory cells in the brain."¥♥ To date, Smith has succe∑ ★πssfully engineered im↑α§§munosuppressive T regulatory (Treg) cellsδ÷> with Chimeric Antigenα§ Receptors (CARs) targeting brain¥♣ glial cells. Previous re• ↑βsearch has demonstrated the abil€ity of Tregs to dampen miγ§croglial activity and reduce neu ✔$↑roinflammation in models of neurodegeneration, su"αggesting their potential utilΩ↑φity in the treatment of diseases includin γ®g Progressive Supranuclear Palsy (PSP), Alzhei&♦γ∏mer’s disease, Parkinson’s dise×ase, Huntington’s disease, Amyotrophic Later"•al Sclerosis (ALS), and oth>$ers.“This acquisition rep®≤$resents a meaningful step forw☆≈∞ard for us as we continue to stre☆&>≥ngthen our leadership pos✔∑ition in the developm ←₩ent of therapies targeting neuroinλ€↓÷flammation to stop or slow the progres♥≥sion of neurodegenerative diseases,” said↕↑• David R. Elmaleh, Ph.D., Founder, CEO,≤♦€★ and Chairman of AZTherapies. δ&“We are excited to be ÷←working with Philip as we®σ£ add this cutting-edge technology to our poφ©σrtfolio of innovative programs. An esteemed÷€λ★ immunologist and inventor of the ₩₩technology, Philip brings unparalleled ex→'∏↑pertise to the company and we look forward ↓₩to advancing this CAR-Treg program furthe☆≈ ¶r into IND-enabling studies and into clinical₽' development as rapid•∞♣ly as possible.”Dr. Ashton-Rickardt commented ♥©∑™on the acquisition and★≈✘> his appointment: “Our shar♦& ↕ed rationale of targeting neuroinfla ∞mmation as the root cause of neurodegeneratiδ↑♥ve disease makes this acquisition a great strateg↓ic fit for us. With AZTherapies’↑δ© expertise in drug development and clφ§↑inical trial execution, we believe that toge&¥ther, we are well posit≥₽"ioned to advance our CAR-Treg technology and ↑≠β¥fundamentally change neurodegenerative diseas¥♠¶e progression.”Prior t ÷o launching Smith Therapeutics in 2♥★₽017, Dr. Ashton-Rickardt was Chair in I₽±₽≤mmunology at Imperial College London, Visiti↑&ng Professor, Brigham and Women’sπ≈ Hospital, Harvard Medical School, and Assoc☆₽iate Professor in the Depa ✘rtment of Pathology at the University of Chicago.εδ His work has been recognized by his peers thr<∞≤ough the award of tenure from The Unive★ rsity of Chicago and σ<by his fellow citizens as a♠β∞ recipient of the Early Career Aw↓÷↔∑ard for Scientists and Engineers from Pr×♣esident Bill Clinton. He has pub§δ'lished more than 65 p✘>→←eer-reviewed papers in more than 30 ac&→∏ademic journals (includin≈♣♦g Cell, Science, Immunity, and Nature Immunology)< , has served as an edito♥σ₹r for several academic journals, and has bλ§¶'een a member of grant review boards globally. Dr↓♣σ≈. Ashton-Rickardt received a B.Sc. in Bi™'×"ochemistry from the University of London, King’s ¥♠♦College with honors, a P¶₽"'h.D. in Molecular Biology from the University o☆ f Edinburgh, and completed post-doctoral workπΩ× at the University of Edinburgh and♣φ the Massachusetts I≈≈nstitute of Technology in Molecular Biology an↕d Molecular Immunology, respectively.information&>π♣nbsp;source:pharma focus AsiaThe origi&↔nal link:https:https://www.pharmafocusasia.com/δ€★news/aztherapies-strengthens-neur≠←←oinflammation-targeted-pipeline-th₹®rough-acquisition-of-smith-therapeutics2019 Asia-₩✔☆¶pacific pharma IP Leader Summit: http://en.zens€♠eegroup.com/p/510934/will be held in Beij"↕ing on No×Ω€vember 14-15, and will↔≥ attract more than 500 ind≤₽✘'ustry experts from domestic and foreign ®↓αpharmaceutical companies, biotechnology companiesΩ§γγ, governments, associations, law firms, intellec&♥₽tual property agents and otλ©♦¶her companies to attend.Official regis&$•tration and consultation ₩δchannels:Contact:Ann↑₽Phone: 021-65650305Email:Marketing@zenseeg£βroup.comhttp://en.zenseegroup.com/p/510934®∏