AZTherapies Strengthens Neuroinflammation-Tar★ ♥geted Pipeline Through Acquisition of Smi↔≤th Therapeutics
FRIDAY, OCTOBER 25, 201 9AZTherapies, Inc., a biopharmaceutδ'ical company developing theδ♠♣rapeutics to extend brain hσealth, today announced the a₹'cquisition of Smith Therapeutics÷≠≥≠, a private biopharmaceutical compan& y with a shared goal of targeting n¶÷✘euroinflammation to treat neurodegenerativ←¶→≈e disease. Smith Therapeuti∞↓ αcs’ Founder and Chief Executive Officer Philip ™σΩ Ashton-Rickardt, Ph.D., has joined the senφ<ior leadership team at AZTherapies as Se≥§nior Vice President of Immunology. Fina±™®ncial terms of the acquisition were ∑∞≠not disclosed.Smith Therapeutics’ proprieta↓☆β∑ry research platform focuses on the use of modif Ω ¶ied T cells to restore a healthy balance of infla<$↔mmatory and regulatory cells in the bβ€rain. To date, Smith has successfully Ω↔≠engineered immunosuppressive T rα€egulatory (Treg) cells with C¥★ ✔himeric Antigen Receptors (CARs) tar'πgeting brain glial c☆≠∑>ells. Previous research✔π™σ has demonstrated the abil¶'ity of Tregs to dampe≤¥n microglial activity and reduce neu✘Ωroinflammation in mod®λels of neurodegenera↓≠tion, suggesting their potent∞£®±ial utility in the treatment σ≈ ≠of diseases including Progressive S↑<π≤upranuclear Palsy (PSP), ÷≠®Alzheimer’s disease, &♦Parkinson’s disease, Huntington’s diseasε♥e, Amyotrophic Lateral Sc§$←αlerosis (ALS), and others.“This acquisition repr ∏βesents a meaningful s₹δ™÷tep forward for us as ≤♦'<we continue to strengthen our leadership pos≤βπ±ition in the development of tδγherapies targeting neuroinλδflammation to stop or slow th©∑≤e progression of neurodegeneratε"€ive diseases,” said David R. Elmaleh≤∏©, Ph.D., Founder, CEO, and Chairman of AZTherapieα€s. “We are excited to be working w♦§ith Philip as we add this ≈♥€≠cutting-edge technolo£§↔★gy to our portfolio of innovative programs. An eβ§>steemed immunologist and inventor of the te÷ chnology, Philip brings unparalleled≈↓÷ expertise to the company ±Ωand we look forward to advanc±ing this CAR-Treg program further iπγΩnto IND-enabling studies ≈£★and into clinical develop≈£ment as rapidly as possible.”Dr. Ash↕✘ton-Rickardt commented on the acqui↕>♦$sition and his appointment: “Our shared ratioφ✔nale of targeting neuroinflammation as the root ¥λcause of neurodegenerative disease δmakes this acquisition a gr¥eat strategic fit for us. With AZTherap×←ies’ expertise in drug developmentγΩ and clinical trial execution, we b¶±elieve that together, we are well pos←×₹itioned to advance our CAR-Treg te←¥β∑chnology and fundament₩σally change neurodegener>↓∞ ative disease progression.←₩φ”Prior to launching Smith Therapeutics in♦€λ 2017, Dr. Ashton-Ricka ♥←δrdt was Chair in Immunology at •γ☆♠Imperial College London, Visiting >'€Professor, Brigham and Women’s Hoβ®≤✔spital, Harvard Medical School♥Ω, and Associate Professor in the Department of Pa¶©£thology at the University of Ch♠↓ Ωicago. His work has been recognized by hi±÷s peers through the award of tenure from The¶ University of Chicago and δ₹'by his fellow citizens as a r↕→>ecipient of the Early Career Award for Scient→★₹ists and Engineers from↑∑ President Bill Clinton. He has publ±₩✘÷ished more than 65 peer-reviewed papers iσn more than 30 academ<&ic journals (including Cell, Science, Immuni↓✘λty, and Nature Immunε©ology), has served as an edit€ 'or for several academic journals, a•÷nd has been a member of gδ÷π♣rant review boards globally. Dr. Ashton-Rickar¥<€Ωdt received a B.Sc. in Biochemistry fσ↓πrom the University of London, King’s Coll →ege with honors, a Ph.D. in Molecul∏©λ∞ar Biology from the Universiλ ↑ty of Edinburgh, and completed post-d¥πoctoral work at the University of Edinbu✔↕rgh and the Massachus δ↑etts Institute of Technology in Mol €ecular Biology and Molecular Immunology, respecti∑ vely.information source:pharma focus AsiaTheβ•€↑ original link:https:https://www.pharmaf© ocusasia.com/news/az∞₩therapies-strengthens-neuroinflamm> ¥ation-targeted-pipeline-through-acquisition-of-s€¥¥mith-therapeutics2019 Asγ₹ia-pacific pharma IP Leader Summit: h↔$$<ttp://en.zenseegroup.com/p/5©≤↕10934/will be held in π£&δBeijing on November§πβ 14-15, and will attract more than 500 ind↑ε↓≥ustry experts from domestic and✘ foreign pharmaceutical compa•∞↕nies, biotechnology companies, governments, ©&₩associations, law firms, intellectua©♠↔l property agents and other companies to attend.∏↑Official registration ∑Ω↑and consultation channels:Contact:AnnPhone: 021↕↑-65650305Email:Marketing@zenseegroup.comhttp://≠₩£↔en.zenseegroup.com/p/510÷"934