AZTherapies Strengthens Neuroinf✘↔"lammation-Targeted Pipeline Through Acquisition ↕↓∏≤of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTherapies, ¥Inc., a biopharmaceutical compa☆♦σ✘ny developing therapeutics to extend brain healt δ>h, today announced the acquisition of Smith>¶ → Therapeutics, a private biopharmaceutical com™✔$pany with a shared goal of targeting ¥×neuroinflammation to treat neurodegenera×$÷tive disease. Smith Therapeutics’γγ Founder and Chief Exe×≤←₩cutive Officer Philip Ashton-Ric☆✔kardt, Ph.D., has joined the senior leadershi₽$∑p team at AZTherapies as Senior Vice Pre•≠'•sident of Immunology. Financial terms £ •of the acquisition weδ¥≥re not disclosed.Smith Therap™δ×eutics’ proprietary research platform focuses o≠✘ n the use of modified T cells t←'¥o restore a healthy balaε≈φnce of inflammatory and regulatory cells÷ ' in the brain. To date, Smith¥≈> has successfully engine$&ered immunosuppressive T ✔↑♦regulatory (Treg) cells w •δ§ith Chimeric Antigen Receptors (CARs) targeti ≈ 'ng brain glial cells. Previous research Ω↔≤has demonstrated the ability o®™₹f Tregs to dampen microgl☆ial activity and reduce neuroinflammation i♣☆≤n models of neurodegeneration, suggestiφ≠↑ng their potential utility$§ in the treatment of diseases includi$∞★ng Progressive Supranuclear Palsy↓§≤ (PSP), Alzheimer’s disease, ≥ΩπParkinson’s disease, Huntington’s disease ÷, Amyotrophic Lateral Sclerosis♠♥ (ALS), and others.“This acquisition rΩ¶ epresents a meaningful step forwa>×≥rd for us as we continue to strengthen o↓$ur leadership position in the dev™ ×→elopment of therapies targeting neuroi®♦↕nflammation to stop or slow the progression of σΩneurodegenerative diseases,” said David R. ≈>Elmaleh, Ph.D., Founder, CEO, and Cha<δirman of AZTherapies. “We are exci"Ωφσted to be working with Philip as we add this cuttβ'ing-edge technology to our portfolio of iε ≈nnovative programs. An esteemed immunol ¥✔ogist and inventor of the technolo↑gy, Philip brings unparal±•<leled expertise to the±☆ company and we look forward to advanc₩δing this CAR-Treg program further into IND-®σ♣enabling studies and into clinical developmen>'≥t as rapidly as possible.”Dr. Ashton-Rickar₩ dt commented on the a✘<→λcquisition and his appoint¶∞♦ment: “Our shared rationale of targeting α¥neuroinflammation as the root cause of neurod<©✘egenerative disease makes this acqui "≤÷sition a great strategic fit for us. With AZ®™↓Therapies’ expertise in dφ♥δrug development and c↓←≥linical trial execution∞σ, we believe that together, we are well posit↕ ☆εioned to advance our CAR-Treg technology and fu↔€×ndamentally change neurodegenerative disease ¶♦↑progression.”Prior to launching Smit★πh Therapeutics in 2017γ∏, Dr. Ashton-Rickardt was Chair in Immunolog₹≈y at Imperial College London, €↕ Visiting Professor, Brigham>★Ω and Women’s Hospital, Har®•↑vard Medical School, and Asso®≠ciate Professor in the Department of P∑¥↑<athology at the Universit<©±☆y of Chicago. His work has been¶ & recognized by his peers through the award ≥♠ of tenure from The University of Chicagoσ>∞♣ and by his fellow citizens as a recipient of the← Early Career Award for Scientists and Enginee✘×✔♥rs from President Bil'♣l Clinton. He has pu±≠Ωblished more than 65 peer-reviewed papers in mor↑∞∏✔e than 30 academic journals (including Cell, Sci¶✔≥←ence, Immunity, and Nature Immunol↔☆ogy), has served as an editor for several ac<≠≥αademic journals, and has been α₩a member of grant review★☆ boards globally. Dr. Ashton-Rickar↕♦>dt received a B.Sc. in Biochemistr&<♠ y from the University of Lon±÷don, King’s College with honors, a Ph.D. ®♦←in Molecular Biology from t€he University of Edinburgh, and complΩ•βeted post-doctoral work at the ←&>University of Edinburgh and the Massachuset↑×ts Institute of Techno&∞$₽logy in Molecular Biology and ↔Molecular Immunology, respec♠↔∞tively.information source:÷✔✔σpharma focus AsiaThe origina×>₩l link:https:https://www.pharmaf♠↑↓ocusasia.com/news/aztherapies-strengtheε ×&ns-neuroinflammation-targeted-pipeline-throug&→h-acquisition-of-smith-therapeutics©♣$2019 Asia-pacific pharma IP Leader Summit: http≈₽≠¶://en.zenseegroup.com/p/510934/will b♦αe held in Beijing on Novembe£♣•πr 14-15, and will attract more than 500 i↑§>★ndustry experts from£★ domestic and foreign phar $✔≠maceutical companies, biotechnolog÷↔☆≥y companies, governments'↕λ, associations, law firms, intellect™÷ual property agents and other companies to aεδ×πttend.Official registration γ₽and consultation chan♠β♥nels:Contact:AnnPhone: 021-65650305Email≈₹↑≠:Marketing@zenseegroup.comhttp://e ≥§'n.zenseegroup.com/p/510934