AZTherapies Strengthens Neuroinflammation-Targeteα&∑®d Pipeline Through Acquisition of Smith→★ Therapeutics
FRIDAY, OCTOBER 25, 2019AZTλ♣↑Ωherapies, Inc., a biopharmace✘≥♦ utical company developingδ★¶× therapeutics to ext≥₹end brain health, today announced the acquis₽₹ition of Smith Therapeutics, a private biopha≈↑rmaceutical company with↕¥∑ a shared goal of targeting neuroinflammation to∑↔ treat neurodegenerative disease. Smith Therap÷eutics’ Founder and Chief Executive Officer Phili≤•σp Ashton-Rickardt, Ph.D.,ε∏α has joined the senior leadership te¶α≥ am at AZTherapies as Senior Vice President of Imm₹↑✘Ωunology. Financial terms of the acq≠•♥uisition were not disc¥$₩®losed.Smith Therapeutics’ proφΩprietary research platform focuses on th$ε✔∞e use of modified T cells to restore a healthy b≠₩alance of inflammatory and$↕ regulatory cells in the brain. To date, S∏§"mith has successfull↑ ₽✘y engineered immunosuppress§δφive T regulatory (Treg) cells with Chim₩$✔'eric Antigen Receptors (CARs) targeting brain$∑ glial cells. Previous researcεγ≤∑h has demonstrated the ability of Tregs↑÷ to dampen microglial activity and reduce λσ♣•neuroinflammation in m♥∞odels of neurodegeneration, suggesting their pote∑←✔☆ntial utility in the treatment↕λ of diseases including Progressive S≠↔β✔upranuclear Palsy (PSP), Alzheime€∑≈r’s disease, Parkinson’s disα✘ease, Huntington’s disease, Amyotrophα♥≠ic Lateral Sclerosis &₹(ALS), and others.“This acqu§↑isition represents a meaningful step foε♣rward for us as we continue to strengthe®$n our leadership positio↑n in the development of therapiesβ ≠ targeting neuroinflammation to s✘♥¥top or slow the progression of neurodegenerative α≈diseases,” said David R. Elmaleh, Ph.D., Fou±↓nder, CEO, and Chairman of AZ↕Therapies. “We are excited to be wo←✔∏rking with Philip as we add this cutt®₩¥ing-edge technology ε★to our portfolio of innovative programs. An e↓steemed immunologist and₹α inventor of the technology,✔π↓$ Philip brings unparallel×β☆σed expertise to the company and we loo₩♠k forward to advancing this CAR-Treg program f£urther into IND-enabliα₹←ng studies and into clinical development as rap←₹idly as possible.”Dr. Ashton-Rickardt commented o ¶n the acquisition and his ap≥$δ>pointment: “Our shared rationale of targetingσ>♥ neuroinflammation a♠s the root cause of neurodegen★✘®erative disease makes this acquisition™≠ β a great strategic fit for ∏≠¥us. With AZTherapies’ expertise in drug×&↓ development and clinical trial ≠€±execution, we believe that together, we↔₽∏σ are well positioned to<∞÷ advance our CAR-Treg technology∞≥ and fundamentally change neurodegener®>ative disease progression.”Prior to launchiΩ€ng Smith Therapeutics in 2017, Dr. Ashto±↔♠n-Rickardt was Chair in Immunology at Ω±∑↔Imperial College London, Visiting Professor, Brig÷'ham and Women’s Hospital, Harvard Medi§ ∞♠cal School, and Associate Professor in the Dep×✘artment of Pathology at the Univer₹÷sity of Chicago. His work has bee•π₹n recognized by his peers through the award of te¶§nure from The University ©↕>σof Chicago and by his fellow citi≠¶♥zens as a recipient of the Early C↑<areer Award for Scientists aσ®♥nd Engineers from President Bill Clinton. H∑∑₹e has published more than 65 peer-reviewed papers≈¶ in more than 30 academic journals (incl♦÷δuding Cell, Science, Immunity, and Nature Immuno× φlogy), has served as an editor f$♦✔₩or several academic journals, and has been a memb★§er of grant review boards globally.¶♥•£ Dr. Ashton-Rickardt received a B.Sc. in ≥Biochemistry from the ♣₽σ↔University of London, King’s College with honors,₹↔ a Ph.D. in Molecular Biology from t§♥α♥he University of Edinburgh, and c↕¶₩ompleted post-doctoral work at the Univ£↔ersity of Edinburgh and the Massachusett<s Institute of Technology in Mo$☆lecular Biology and Molecular Immunology, respec←>★¶tively.information so♥♠ urce:pharma focus AsiaThe original linφ•k:https:https://www.pharma ≈₹★focusasia.com/news/aztherapies-s∏δ™trengthens-neuroinflammation-tβ♥± argeted-pipeline-through-acquisition-of-smith-t ©herapeutics2019 Asia-pacific pharma IP Leader S$≠γummit: http://en.zenseegroup.com★δ&Ω/p/510934/will be held i©≈&σn Beijing on No¥♠vember 14-15, and will attract mo>φre than 500 industry experts from ♣πdomestic and foreign pharmaceut↑♣•ical companies, biotechnology &↓÷↕companies, governments, associations, law γ firms, intellectual property agents an₽₽₩d other companies to att¶÷₩end.Official registration and consulta¶δtion channels:Contact:A •nnPhone: 021-65650305Email:Marketing@¶'π✘zenseegroup.comhttp://en.zenseegroup.•→₽com/p/510934