AZTherapies Strengthens Neuroi"♥σnflammation-Targeted Pipe<×♦★line Through Acquisition of Smith Therapeuα¥tics
FRIDAY, OCTOBER 25, 2019AZTherapies, Inc., a ♦✘biopharmaceutical company developin¥×g therapeutics to extend brain healt☆αh, today announced the acqu§•≈εisition of Smith Theα•rapeutics, a private>∑ biopharmaceutical comp<σ ₹any with a shared goal of targeting neuroiε§&§nflammation to treat ne→±urodegenerative disease. Smith Th"$ ♦erapeutics’ Founder and Chief Executive Of←♠€ficer Philip Ashton-Rickardt, Ph.D.,<♥ has joined the senior leadership team at↔ ↑ AZTherapies as Senior Vice Preside©≥♣nt of Immunology. Financial &¶terms of the acquisition were β∞not disclosed.Smith Therapeutics’ propriet™γary research platform focuses "±on the use of modified T c" ells to restore a healthy balance of inflam¶$↓×matory and regulatory ☆✘π≤cells in the brain. To date, Sεδ± mith has successfully engine&✘ered immunosuppressive T regulatory (Treg) ceδ$'lls with Chimeric Antigen Receptors €π(CARs) targeting brain glial cells≈÷φΩ. Previous research has demonstrated the ↓∑ability of Tregs to dampen mic€→£±roglial activity and reduce neu&♥roinflammation in mo ✘÷dels of neurodegeneration, su★™♦₽ggesting their potential utility in the treat&>→ment of diseases including Progr☆∑essive Supranuclear Palsy (PSP), Alz♠×heimer’s disease, Parkinson’s diseas≤♣₹e, Huntington’s disease, Amyotrophic Lateral S"¥λclerosis (ALS), and ←&≈others.“This acquisitio'↔§≠n represents a meaningful ste∑δp forward for us as ₹±we continue to strengthen our lea≥γ¥>dership position in the development of thera≥ ¶pies targeting neuroinflammation to stop or > slow the progression₽×δ of neurodegenerative diseases,” said David R. El$"maleh, Ph.D., Founder, ₹→CEO, and Chairman of AZTherapies. “We are exci✔↑☆ted to be working with Philip as we add this σ♥cutting-edge technology to our portfolioφ of innovative programs. An estα®™≥eemed immunologist and inventor of the teπ♥chnology, Philip brings unparalleled expertise to♠± the company and we look forward to advancing t₩★£his CAR-Treg program further into IND-e¶nabling studies and into clini ≥$cal development as rapidly as possible.”D≈§r. Ashton-Rickardt commented on the acquisitio£&n and his appointment:☆↔φ★ “Our shared rationale of targeting neu★ roinflammation as the root caus"'☆¥e of neurodegenerative disease makα≥φεes this acquisition a great strategic fit for us.↔≈ With AZTherapies’ expertise in drug developmπ₹ent and clinical trial ★∞∞♦execution, we believe that together, we ₹≤>±are well positioned to advance∞ ↑ our CAR-Treg technology™→φ and fundamentally change✘± neurodegenerative disease progression.”Prior to ↓λ>launching Smith Therape'§≥utics in 2017, Dr. Ashton-Rickaλ♠$rdt was Chair in Imm€↑↓®unology at Imperial College↔>§ London, Visiting Professor'γ , Brigham and Women’s Hospital, Harvard α≠βMedical School, and Associate Professor i€≈∞≠n the Department of Paσλthology at the University of Chicago. His workπ has been recognized by his pee ε✘©rs through the award ♦♥of tenure from The University of Chic&₽αago and by his fellow citizens as a recipie÷∏nt of the Early Career Award ♦§®↑for Scientists and Enginφeers from President Bi¥ll Clinton. He has publishedλπ₹ more than 65 peer-reviewed papers in mo&£☆re than 30 academic journals (including Ce↕π™ll, Science, Immunity, and Nature Immunology), haγα≈∏s served as an editor for several academic journa↔ ls, and has been a member of grant review boardsγα globally. Dr. Ashton-Rickardt receβ"<ived a B.Sc. in Biochemistry' from the University of London, King’s College λ↑ £with honors, a Ph.D. in ββMolecular Biology from the Univers≠εεity of Edinburgh, and comple®∑ted post-doctoral work at the Un$iversity of Edinburgh and the Massachus™δ→etts Institute of Technology in Molecular B♥≤↓πiology and Molecular Immunology, respective¥✘©ly.information source:pharma ∑× ¶focus AsiaThe original lγ♣✘ink:https:https://www.pharmafocusasia.comγ₹≤/news/aztherapies-strengthens-neuroinflammation-t ₽Ω♠argeted-pipeline-through-acquisition-of-smith-♥↕therapeutics2019 Asia-pacific pharma IP ♥♠±σLeader Summit: http://en.zenseegro£δσ±up.com/p/510934/will be helπ$>✘d in Beijing &'₩; on November 14-15, '↔and will attract more than 500 industry↕§÷ experts from domestic and foreign€λ≤' pharmaceutical companies, £↑α≥biotechnology companies, government←≥s, associations, law firms, intellectual proper •↕∏ty agents and other companies to atte∑¥δλnd.Official registration and"↔• consultation channels:Contact:AnnPhone: 02φ♥ 1-65650305Email:Marketing@zens∞βδeegroup.comhttp://en.zenseegroup.com/∞φ'®p/510934