AZTherapies Strengthens Neuroinflammation- π✔↓Targeted Pipeline Through Acquisλition of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZTherapi×÷∞Ωes, Inc., a biopharmaceutical ¥ββcompany developing therapeutics to extend bra→♦>×in health, today announce×∑d the acquisition of Smith Therap↕®eutics, a private biopharmaceutical company w≠÷÷≈ith a shared goal of targeting neuroinflammat ✔ion to treat neurodegenerative dis∏✘ease. Smith Therapeutics’ Founder and Chie>§f Executive Officer Philip As ↔£φhton-Rickardt, Ph.D., h"Ω≥•as joined the senior leadership team at AZT&₩herapies as Senior Vice President of Immuno Ω♠↓logy. Financial terms of the acq¶♥♥≠uisition were not disclosed.Smith Th ∞λerapeutics’ proprietary research platform focusσ®↑₹es on the use of modifie¥↕&©d T cells to restore •∏a healthy balance of inflammatory and regulatoryσ₹ cells in the brain. To dateΩ ✔™, Smith has successfully en<♣gineered immunosuppressive©α≠ T regulatory (Treg) cells with Chimericφβ Antigen Receptors (CAβλRs) targeting brain glδ$♥✘ial cells. Previous research has demonstrated t₩→he ability of Tregs to dampen microglial acti★ε★vity and reduce neuroinflammat₩"ion in models of neurodegeneration, suggesting™≠® their potential utility in♦∞ the treatment of diseases i®'™♠ncluding Progressive Supranucle≤§₹∑ar Palsy (PSP), Alzheimer’s disease, Parkinson’s≠φ disease, Huntington’s disease, Amy÷∑σβotrophic Lateral Sclerosis (ALS), and others.“Thiγ s acquisition represents a meaningfσΩ↑ul step forward for us as we continue to strβ©↑engthen our leadership position in the devλσ✘♥elopment of therapies targeting neuroinflamma<≠tion to stop or slow the progression of neurode↓↑generative diseases,” said David R. E↑₽γlmaleh, Ph.D., Founder, CEO, and Chaiλ€☆₽rman of AZTherapies. “We are excited to b↓≈e working with Philip as we add this ¶cutting-edge technology to our portfolio of i↑♦nnovative programs. An esteemed immunolΩ✔σ$ogist and inventor of the t₩♦echnology, Philip brings ¶•unparalleled expertise to the company and we look≤↑♣∞ forward to advancing this CAR-Treg program fu¶✔ rther into IND-enabling studies and into$↔♥ clinical development as rapidly as possibl♣≠♦e.”Dr. Ashton-Rickardt commented on the acα•≠'quisition and his appointment: “Our shaγ★red rationale of targeting neur₩ oinflammation as the root cause of neur™'odegenerative disease m≥♦akes this acquisition a great strategic Ω♠fit for us. With AZTherapies’ expertis ↓$e in drug development and clinical trial ® execution, we believe that together, we are≠÷ well positioned to advance our♣π€ CAR-Treg technology ₽€and fundamentally change neurodegener✔£δative disease progression.<<→§”Prior to launching ∞"Smith Therapeutics in 2017, Dr. Ashton-♣¶Rickardt was Chair in Immunology at Imperial ↓→✘✔College London, Visitin✔σg Professor, Brigham and Women’s Hospital, H ©← arvard Medical School, and Associ±>ate Professor in the Depar₽Ω€ tment of Pathology at the University of Ch↕δ↔φicago. His work has been≈φ recognized by his peers through the award≠✔ of tenure from The Un¶ π$iversity of Chicago and by his fellow citize♠<→ns as a recipient of the Early☆♠>€ Career Award for Scientists and Engineers ↕®from President Bill Clinto™§♥n. He has published more than 65 peer-re←ε≠•viewed papers in more than 30 academic journa♠¥↑ls (including Cell, Scienc<₹e, Immunity, and Nature Imm↔™¥"unology), has served as an ×≈editor for several academic journals, and has beeλε✔≤n a member of grant rφ↑eview boards globally. Dr. Ashton-Rickardt rec¶∞×≈eived a B.Sc. in Biochemis←₽™γtry from the University of ΩLondon, King’s College with honors, a Phπ☆±↑.D. in Molecular Biology≈ from the University 'σ∏™of Edinburgh, and complete≤€εd post-doctoral work atφσα the University of E β≈dinburgh and the Massachusetts Institute of TecΩ>hnology in Molecular Biology and Molecular Immu δnology, respectively.information source:p ×harma focus AsiaThe original linkλφ♦≤:https:https://www.pharmafocusasia.com/news/az≤≤∞therapies-strengthens-neuroinflammation-targeted•☆-pipeline-through-acqui ÷≥✔sition-of-smith-therapeutics2019 As≥Ω•ia-pacific pharma IP Leader ✘'±Summit: http://en.zenseegroup.c¥☆ om/p/510934/will be held in&nbsφβ₩>p;Beijing on €σ>$;November 14-15, and will attract moreλε★∑ than 500 industry experts from § βdomestic and foreign pharmaceutical↑≠✔∞ companies, biotechnology companies, gove&♠∞≤rnments, associations, law firms, intel÷×↕λlectual property agents and other c™♣♠ompanies to attend.Official registration and co↓≠nsultation channels:Contact:AnnPhone: 021-65®★ ≈650305Email:Marketing@z×₽enseegroup.comhttp://en.zenseegroup.com/p/51ε™ $0934