AZTherapies Strengthens Neuroinflammati↔δεon-Targeted Pipeline Through Acquisitio≤♦δn of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTherapies, Inc., a bio₹ §εpharmaceutical company d★♠eveloping therapeutics € to extend brain health, today announced tπ&he acquisition of Smith Therapeutics, a pβ₩↑rivate biopharmaceutical company with a sha ₹✔red goal of targeting neuroinflamm♥γ→ation to treat neurodeεΩ★generative disease. Sm ≤♣ith Therapeutics’ Founder and Chief E×±&xecutive Officer Phil≤β>≤ip Ashton-Rickardt, Ph.D.,δ₩≥ has joined the senior leadership te±≠®am at AZTherapies as Senior Vic¥φe President of Immunology. Financial terms of th¶e acquisition were not di±>sclosed.Smith Therapeutics’ proprλ£ietary research platform focuses on the use o♣ α®f modified T cells to restore a healthy balan&×ce of inflammatory and regulatoα♠©ry cells in the brain. To date, Sm♥φ¶ith has successfully engineered immunosuφ₽ppressive T regulatory (Treg) cells €<♠βwith Chimeric Antigen Receptors (CARs) targetingδ₹± brain glial cells. Previous research has ✔↔≈demonstrated the ability of Tregσ≠s to dampen microglial activity and reduc∑ ®e neuroinflammation in models of neurodegenerati÷€→on, suggesting their potential utility iΩ≥↔n the treatment of diseases including Progressiσ'≠ve Supranuclear Palsy (PSP), Alzheimer’s disease,$≤£♣ Parkinson’s disease, Huntington’s dis€δease, Amyotrophic Lateral Scle¥↕♣rosis (ALS), and others.“T★♦his acquisition represen"™↕ts a meaningful step forward for us as we c♦ εγontinue to strengthen our leadership ≥♦position in the development of therapies t βδ&argeting neuroinflammation to stop or slow the p♦Ωrogression of neurodegenerativ≤φe diseases,” said David R. Elmaleh, Ph.D.↕★©™, Founder, CEO, and Chairman of AZTherapies. “We ↔↑γ≠are excited to be working with Philip as we add ≥←•this cutting-edge techn¥♣™♦ology to our portfolio of inno♥ vative programs. An esteemed i€mmunologist and inventor of the tec§÷'hnology, Philip bring¶₩&πs unparalleled expertise♦" to the company and we look forward₹↕ to advancing this CAR-Treg prog✘←ram further into IND-enabling studies anγ®d into clinical development as rapidly as possi✔₩$ble.”Dr. Ashton-Rickardt cπ♣ommented on the acquisition and h≈♠÷is appointment: “Our shared ra♥₹tionale of targeting neuroinfl☆αβ↕ammation as the root cause of neurode® generative disease makes th₹β☆"is acquisition a great strategic f♠εit for us. With AZTherapies’ expertise in d ∞rug development and clini•♣σcal trial execution, we believe that toget$♣φher, we are well position★•ed to advance our CAR-Treg technology and fu©★ndamentally change neurodegenerative"Ω disease progression.”Prior to launch♥♣ ing Smith Therapeuticsδ↔¶ in 2017, Dr. Ashton-Rickardt was Ch₽λ¶₹air in Immunology at Imperial Colle'δge London, Visiting Pr÷δ♣ofessor, Brigham and W β÷®omen’s Hospital, Harvard Medical School, and Ass₽♥Ωociate Professor in the Department ₩©of Pathology at the University of C¥hicago. His work has been recog♠≤&nized by his peers through the award of tenur®≈&αe from The University of Chicago an ♦✔d by his fellow citizens as a recip↕×★σient of the Early Career Award ≥<for Scientists and Engineers from President B¥♦₹ ill Clinton. He has pub∑↓δlished more than 65 peer-reviewed papers →®Ω©in more than 30 academic journal¥>s (including Cell, Scien≤∏ce, Immunity, and Nature Immunology)★₹∑, has served as an ed♦♦♦•itor for several academic journals, and ha↑≠₩s been a member of g¥®ε rant review boards glo"γ♥bally. Dr. Ashton-Rickardt received a B.Sc. in ♥αBiochemistry from the University of L₩σΩ ondon, King’s College ←&δβwith honors, a Ph.D. in Molecular Biol®∑ελogy from the University of Edinburgh, and comple÷★ted post-doctoral work at the Un∞€iversity of Edinburgh and the Massachusetts Iφπnstitute of Technolo∏★gy in Molecular Biology→ ♠α and Molecular Immunology, respectively.in<≥formation source:pharma focu♠¶ s AsiaThe original link♠ :https:https://www.pharmafocusasia.com/n∑≥∏ews/aztherapies-strengthens-neuroinflam§≥¶♠mation-targeted-pipeline-through-acquisi¥ tion-of-smith-therapeutics2019 As•ε®δia-pacific pharma IP Leaπεder Summit: http://en.zenseegroup.com/p/5109₩↔34/will be held in Beijing on∏©"★ November 14-15, and will att>≥ract more than 500 indust ♣©ry experts from domestic and foreign pharmace'γutical companies, biotechnology companies♠×, governments, associations, law firms, inte≤§εllectual property agents and other compani≥¥÷↔es to attend.Official registratio←±n and consultation channels:Contact:AnnPh↔™ ☆one: 021-65650305Email:Mar€β☆↕keting@zenseegroup.co♠←λmhttp://en.zenseegroup.c∏₩om/p/510934