AZTherapies Strengthens Neuroinflammation-Tar←®geted Pipeline Through Acquisitiφ€✘on of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTherapies, Inc., a ×λbiopharmaceutical company σ☆≠Ωdeveloping therapeutics to extend brain health•λ™↔, today announced theα'®✔ acquisition of Smith Therapγ÷±€eutics, a private biopharmaceutica₽✔÷βl company with a shared goa✘'∞l of targeting neuroinflammation to ♠★treat neurodegenerative disease. S>✘σmith Therapeutics’ Founder and Chief Executive Of×☆→σficer Philip Ashton-Ric&β>δkardt, Ph.D., has joined th×≠×e senior leadership team at AZTherapies as Senior×≤← Vice President of Immunology. Financial te¥¶♣¶rms of the acquisition were not disclosed.Smith T™↕∑←herapeutics’ proprietary resea≥≈ ↓rch platform focuses on the use of mod≥¶ified T cells to res$→≈₽tore a healthy balancα±e of inflammatory and regulator÷∑÷✔y cells in the brain. To date, Smith has success ∏fully engineered immunosuppres↑§sive T regulatory (Treg) cells with Chime♣δαφric Antigen Receptors (CARs→♣) targeting brain glial cells. Previ€↓∑δous research has demonstrated the ab™$♥δility of Tregs to dampλλ↓ en microglial activity and re↓←↔duce neuroinflammation in models o÷©Ω♦f neurodegeneration, suggesting their$£ potential utility in the treatment←≥ of diseases including Progre÷"£ssive Supranuclear Pa•♣lsy (PSP), Alzheimer’s disease, Parkinson’s di♣☆sease, Huntington’s diseaγ<♣se, Amyotrophic Lateral S✔®↔↕clerosis (ALS), and others.“This acquisition repr↔₩esents a meaningful step forward for• ¥λ us as we continue to strengthen our leadersh∞¥ip position in the developme∑"✘'nt of therapies targeting neuro∑€inflammation to stop or sl±↔ow the progression of neurodegenλ£₹erative diseases,” said David R. El≈∑maleh, Ph.D., Founder, CEO, aλ↔nd Chairman of AZTherapies. “We are excited t✘≤o be working with Phσ∑"ilip as we add this cutting-edge teπ☆§chnology to our portfolio '¥of innovative programs. An esteemed immunolog∑☆±"ist and inventor of the <λtechnology, Philip brings u©₩∞Ωnparalleled expertise to the company and ↓←® we look forward to advancing t ∑÷₹his CAR-Treg program further into IND-enablin≠♥g studies and into cl☆εinical development as rapidly as possible.”D©£≥r. Ashton-Rickardt commented on the acquisi↔α≤tion and his appointment: “Our shared₽ ¶ rationale of targeting n÷∞euroinflammation as the root cause of ∏×↓₽neurodegenerative disease makes↔> this acquisition a great strategic fiΩ÷t for us. With AZThera"€pies’ expertise in drug development a≤Ω♠nd clinical trial execution, we believe tha& σt together, we are wel↑₹¶♣l positioned to advance our CAR-Treg technoβ™₩logy and fundamental♦↓ly change neurodegenerativ∞λ"e disease progression.”Prior to launching Smith§♣ Therapeutics in 2017,β≈✔ Dr. Ashton-Rickardt was Chair in Immunology at∞×← Imperial College London ☆★↕, Visiting Professor, Brigham and♠☆∏ Women’s Hospital, Harvard Medical γπSchool, and Associate Profe×δ¶ssor in the Department of Pathology at the U₽'←niversity of Chicago.φ His work has been r∞₩≤ecognized by his peers through the a¥↓©←ward of tenure from The Univer ₹sity of Chicago and by his fellow ci≤ε'↕tizens as a recipient of the Early Career Awardα× for Scientists and EngineersσΩ from President Bill Clinton.$βγ He has published more than 65 peer-reviewed p♥™apers in more than 30 academic journals '✘(including Cell, Science, Immunity, and Natu§παre Immunology), has served a≥δs an editor for several academic joε≥®urnals, and has been a member ♣ £★of grant review boards globally. D×→r. Ashton-Rickardt received a B∑.Sc. in Biochemistry from the University ∑♦λ®of London, King’s College with honors, a P↑←✘h.D. in Molecular Biology from the Universi∞™ty of Edinburgh, and completed post-doctoral wor λδ®k at the University of Edφ¶₩inburgh and the Massachusetts InstΩ $♥itute of Technology in Molecular Biology a"↕λεnd Molecular Immunology, respectively.info→$←rmation source:pharma focus A•λsiaThe original link:https:ht↔•≤tps://www.pharmafocusasia.com/news/≤₹γaztherapies-strengthens-neuroinflammation-tar↓Ωαgeted-pipeline-through-acquisitio☆>n-of-smith-therapeutics2019 As×¶•ia-pacific pharma IP Leader Summit™σΩΩ: http://en.zenseegroup.com/p/ ↕510934/will be held in Beijing&n≤™×bsp; on November≥" 14-15, and will attract more than 500 industry ¥δ←experts from domestic and foreign pharmaceutic∞'al companies, biotechnology companies, govern✔•ments, associations, law firms, inγ₩↑↔tellectual property agents and otheλ ♣r companies to attend.Offici★•al registration and consultation φ♣§®channels:Contact:AnnPhone: ±₹021-65650305Email:Marketin∞π♦£g@zenseegroup.comhttp://en.zens€<₽βeegroup.com/p/510934