AZTherapies Strengthens Neuroinflammation-Targ♦≤≤πeted Pipeline Through Acquisition o±•≥f Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTh←♥φ€erapies, Inc., a biopharmaceutic§ ✔→al company developing therapeutics↓$ to extend brain health, today announced the ®→$acquisition of Smith↕• Therapeutics, a private biophβ≥armaceutical company Ω×€≤with a shared goal of targeting neuroinfl¶∏ammation to treat neurodegenera"↓✔₹tive disease. Smith T§ herapeutics’ Founder and Chief Execu♥± tive Officer Philip Ashton-Rickardt, Ph.D., has ∞↓♥joined the senior leadership → team at AZTherapies as Senior Vice President of>φ§← Immunology. Financial terms of the acquis→β♠ ition were not disclosed.Smith$§ Therapeutics’ propr≤♥←♦ietary research platform focuses₹↕ on the use of modified ≈←"≤T cells to restore a healthy bala♥→♦nce of inflammatory and regulatory←π cells in the brain. To date, Smith haααs successfully engineered immunos♥≤♠uppressive T regulatory (Treg) ↑→★cells with Chimeric Antigen Re÷×±✘ceptors (CARs) targeting brai↔₽n glial cells. Previous research has demons α§∞trated the ability of Tregs to dampen microglia•♦→βl activity and reduce neuroinflammation in models π✔♦ of neurodegeneration, suggesting their✔σφ" potential utility in the tr<∑eatment of diseases inclu¥>φding Progressive Supranuclear Palsy (PSP), Alzh§£eimer’s disease, Parkinson’s disγ÷→ease, Huntington’s disease, σλ Amyotrophic Lateral Sclerosis (ALS), an€¥d others.“This acquisition represents a meaningfu♥'¶l step forward for us as we cont≤£γinue to strengthen our leadership positio↔™n in the development of therapies targetin↓←→g neuroinflammation to sto¥ p or slow the progression of neurodegenerat£ €ive diseases,” said David R. Elmaleh♣&", Ph.D., Founder, CEO, and Chairman of AZTherapi♦Ω₩es. “We are excited to be working with Philip & as we add this cutting-edge technology to our p♣αortfolio of innovativ♥±αe programs. An esteeme₽→✔₹d immunologist and inventor of the technol> ogy, Philip brings unparalleled→φπ expertise to the company γ ₹and we look forward to a¶dvancing this CAR-Treg program further int↓•ε∞o IND-enabling studies and into c★linical development as rapidly as possible.”D←←r. Ashton-Rickardt com∑>ππmented on the acquisitio€Ω ¥n and his appointment: “Our s≠α←hared rationale of targeting neur↑'♠oinflammation as the ro↓♠ot cause of neurodegenerative disea$♥≈se makes this acquisition a great stra↓±tegic fit for us. With AZTherapies’ expertis$¥e in drug development an£πd clinical trial execution, we believe that toge δεther, we are well position∑Ω>♥ed to advance our CA×ε¶✔R-Treg technology and fundamentally cha<✔γnge neurodegenerative disease progression.>"”Prior to launching Smith Therapeutics in 2017,♦™₽ Dr. Ashton-Rickardt was Chair in Immu§•Ω₽nology at Imperial Colleg§←₽↓e London, Visiting Professor, Brigha↑∑m and Women’s Hospital, Harvar¶÷≠d Medical School, and Associate Profe♠ ssor in the Department of Pathology at tββ he University of Chicago. His work ha→¥$βs been recognized by his peeδ↕☆rs through the award of tenure f©••rom The University of Chicago an∞™φd by his fellow citizens as a recipient<₹ ♥ of the Early Career Awar÷<φd for Scientists and Engineers ★♠γ€from President Bill Clinton. He has published×₩ more than 65 peer-reviewed papers in more ¥☆≠than 30 academic journaπ$ ls (including Cell, Science, Immunity, andγ' Nature Immunology), has served as an ed☆≤itor for several academic jo$ ★₽urnals, and has been• × a member of grant rev÷↕±iew boards globally. Dr. Ashton-Rickardt recei↕÷βved a B.Sc. in Biochemistry from the Universi→¶λ©ty of London, King’s Collegeσ with honors, a Ph.D. in Molecul¥λβar Biology from the Un↔☆✘iversity of Edinburgh, and completed post-doct£ →oral work at the University €of Edinburgh and the Massachusetts Instπ±>itute of Technology in Molecular Biology™€ and Molecular Immunology, respectively.in¥♦>formation source:pharma focus AsiaT↔♣he original link:https:https:/αδ/www.pharmafocusasia.com/news/azthera☆±☆pies-strengthens-neuroin✔π→★flammation-targeted-pipeline-through-acquis∞¥↕₩ition-of-smith-therapeutics2019 As←§£ia-pacific pharma IP Leader Summit: h$∑ttp://en.zenseegroup.com/p/510×♣✘934/will be held in Beijing &✘♠≈←nbsp;on November 14-15, and♣≥ will attract more than 500 industry experts γ'γfrom domestic and foreign pharmaceutical ♣companies, biotechnology companies, governme¶±nts, associations, law firms, inte¶♣¥llectual property agents and other companies±Ω to attend.Official registration and cons✘>ultation channels:Contact:AnnPhone: 0'♣€∑21-65650305Email:Marke↔φting@zenseegroup.comhttp:σ→//en.zenseegroup.com/p/510934♦"