AZTherapies Strengthens Neu¶←λroinflammation-Targeted α Pipeline Through Acquisition of Smith Therapeu•tics
FRIDAY, OCTOBER 25, 2019AZTherapies, Inc., a bio≤☆♦pharmaceutical company developing ther§☆apeutics to extend brain heal₽ ♠th, today announced the acquisition of Smith ☆×≠Therapeutics, a private biopharmaceu ↓ε'tical company with a shared goα§≥al of targeting neuroinflammation to treat ₹→¥neurodegenerative disease. Smith ≥↓Therapeutics’ Founder and ₹ Chief Executive Officer Philip Ashton-Rickar$Ωπ♣dt, Ph.D., has joined the senior leadership t→←γ✔eam at AZTherapies as Senior Vice Preside↑♦₹&nt of Immunology. Financial ter→>∑ms of the acquisition were not disclo☆β☆sed.Smith Therapeutics’ proprietary research×♣£ platform focuses on the use of₹ modified T cells to restore a healthy balanc∑★e of inflammatory an&→₽γd regulatory cells in the brai↔π∞Ωn. To date, Smith has successfully engineσ₩βered immunosuppressive T regulatory (Treg) cel♠☆ls with Chimeric Antigen Reλ≈ceptors (CARs) targeting braiα≤n glial cells. Previous research has dem↑∏∞onstrated the ability of Tregs to dampen microgli £al activity and redu∏★ce neuroinflammation i↑₹♥n models of neurodegeneration, sugges±€♥ting their potential uΩφ☆tility in the treatment of disea↑♣Ωses including Progres¶∞sive Supranuclear Palsy (PSP), Alzheimer’s di¶αΩ★sease, Parkinson’s disease, Huntington’s d↕Ωαisease, Amyotrophic Lateral®♣ Sclerosis (ALS), and other↔≈εs.“This acquisition represents a meaning λful step forward for us as we continue >to strengthen our lea÷φ™dership position in the development of therapγ÷"ies targeting neuroinflammatio←§'αn to stop or slow the progression Ω€→of neurodegenerative diseases,” said ↔ε¶David R. Elmaleh, Ph.D., Founder, CEO☆ ≈∞, and Chairman of AZTherapies. ↓“We are excited to be work§∞ing with Philip as we add this cutt←¶ing-edge technology to our portfolio of innovati&§ve programs. An esteem>£ed immunologist and inventor of the technology, ≠™λPhilip brings unparall×πeled expertise to the company and we÷£≠ε look forward to advancing this CA ∏R-Treg program further into IND-enabling st∑σudies and into clinical development"∑σφ as rapidly as possi ₽πble.”Dr. Ashton-Rickardt ±€commented on the acquisit®αion and his appointment: “Our shared ratio£≠nale of targeting neuroinflammation as th£←™e root cause of neurodegenerative disease ma•€☆$kes this acquisition a great★↕ strategic fit for us. With AZTherapie ©←>s’ expertise in drug development and ←>clinical trial execution, we believe that ∑↔together, we are well positioneε§¥$d to advance our CAR- ✘↑Treg technology and fundamentall≠y change neurodegenerative disease progressio'n.”Prior to launching Smith Thγ≠♠erapeutics in 2017, Dr. Ashton-Rickardt was¶ ε Chair in Immunology at Imperial Collπ ≤ege London, Visiting Professor, Brigham and Wome≥™n’s Hospital, Harvard Medical School, and Assoc↑•γiate Professor in the Departme•σ©nt of Pathology at th✔↔ε e University of Chicago. €φ₹His work has been recognized by his peers throuφ↕gh the award of tenure from The Universφ αity of Chicago and by his fellow cit$>izens as a recipient of α♦™the Early Career Award for Scienti→'§sts and Engineers frα>♦€om President Bill Clinton. Hαδ&±e has published more than 65 peer-reviewed 'φ↑papers in more than 30 academic journals (includi∞✘ng Cell, Science, Immunity, and N≤©≤✔ature Immunology), has served as an edi£λtor for several academic jouα↔rnals, and has been a member of grant review boarπ ₹ds globally. Dr. Ashton-Rickardt§ received a B.Sc. in Biochemistry from the Univ★φ∏ersity of London, King’s College wi∑Ωth honors, a Ph.D. in Mol÷×→∞ecular Biology from the Univerβ£'φsity of Edinburgh, and φπcompleted post-doctoral work at the Unive≠σrsity of Edinburgh and the MassachusΩ←'etts Institute of Technology in Molecular ≤ λ∞Biology and Molecular Immunology,®↓ respectively.information source:pharma ☆↑✔focus AsiaThe original link:h✔φ♥ttps:https://www.pharmafocusasia.com/news/a&λztherapies-strengthens-neuroinflammation-taεγrgeted-pipeline-through-acqui'✔₹Ωsition-of-smith-therapeutics2019 Asia-ε♠π↓pacific pharma IP Leader Summit: http://en¥♥.zenseegroup.com/p/510↓→∞ 934/will be held in Beijing on&nδ®♣→bsp;November 14-15, and will attra♦€↔ct more than 500 industry expeφεφ∞rts from domestic and foreign pharmaceutica×∞l companies, biotechnology compani es, governments, associations, law firms, i>α♥∑ntellectual property age"✔nts and other companie✘s to attend.Official£♠ registration and consultation cha₽ ≈ nnels:Contact:AnnPhone: 021✘₹-65650305Email:Marketin×★∑✘g@zenseegroup.comhttp://e×α<εn.zenseegroup.com/p/510934