AZTherapies Strengthens Neuroinflamδ'≠mation-Targeted Pipeline Th≈↑rough Acquisition of Smith Therapeutics
FRIDAY, OCTOBER 25, 2019AZ≤✘Therapies, Inc., a biopharmaceutical comp↔♣<any developing therapeutics to extend br₽€®≤ain health, today announced the a♠$₽<cquisition of Smith Therapeutics, a private bi'γ<opharmaceutical company with a shared goal of"÷ ¶ targeting neuroinflam↑↓™≠mation to treat neurodegenerative disease. Smit¥↔±h Therapeutics’ Found ₽♥♥er and Chief Executive Officer Philip Ashto∑$±n-Rickardt, Ph.D., has joi☆•§ned the senior leadership team at AZThera&✘∞pies as Senior Vice President of ¥→÷Immunology. Financial terms of the acquisitio &♥n were not disclosed.±≥ Smith Therapeutics’ proprietary resΩαearch platform focuseΩ↑≈♦s on the use of modified T cells to restor€ φ¥e a healthy balance of inflammatory and reg→€✔πulatory cells in the brain. To date× , Smith has successfully engineered ₹Ω immunosuppressive T regulatory ↑®↑(Treg) cells with Chimeric Antigen Recε↓αeptors (CARs) targeting®₹Ω brain glial cells. Previous research has dα∑emonstrated the ability of Tregs to ★↑π¥dampen microglial activity and reduceφ™≈ neuroinflammation in models of neurode£&α®generation, suggesting the•₽ir potential utility in the treatment of dise•↔<&ases including Progreδ ↔ssive Supranuclear Palsy (PS÷<♦P), Alzheimer’s disease, Parε↓↓¶kinson’s disease, Huntington’s dβδ₹isease, Amyotrophic Later☆↔₩™al Sclerosis (ALS), an×™d others.“This acquisition repε≠£resents a meaningful step fo£'✘rward for us as we continue to strengthen our leaπ★€₩dership position in the development of the≤δrapies targeting neuroinf ↔lammation to stop or slow♦ the progression of neurodegenerative diseases₩λ≥,” said David R. Elmaleh,™♦• Ph.D., Founder, CEO, and Chairman of AZThera®↑Ω₩pies. “We are excited to be workin&€&£g with Philip as we add this cutting-edge techα☆<€nology to our portfolio♦ of innovative programs. An esteemed i≥≈ mmunologist and inventor♣ ₩ of the technology, Philip brings unp↓☆©↔aralleled expertise to the compβ any and we look forward to a✔•≈dvancing this CAR-Tre ☆λ✘g program further into IND-enabling studies anΩ →®d into clinical development as$ rapidly as possible.←λ”Dr. Ashton-Rickardt commented on the acquisitionεφ and his appointment: “Our shaσ∑©βred rationale of targeting neuroinflammation as ¥&§the root cause of neurodegene>₽≈rative disease makes this acquisition a gλβ÷∑reat strategic fit f₩♥or us. With AZTherapies’ e₩≈xpertise in drug development and clinical trial e₩∞xecution, we believe that together, we are we$✘ll positioned to advance&δ our CAR-Treg technology and f&σundamentally change ©'©neurodegenerative disπ☆γease progression.”Prior t≠₩o launching Smith Therapeutic≤¶ &s in 2017, Dr. Ashton-Rickardt was±₹& Chair in Immunology at Imperial Colleg÷π↔e London, Visiting P§ σrofessor, Brigham and Wom₩αen’s Hospital, Harvaδ☆rd Medical School, and Associaε↔te Professor in the Department of Pathology atσφ★δ the University of Chicago. His work has bee§↔αn recognized by his pe→★♦ers through the award of teε♥∏nure from The University®× of Chicago and by his fellow citizens as a reci↑© pient of the Early Career Award for Scientists anε♦σd Engineers from Presid$↕↔ent Bill Clinton. He has published $"₹more than 65 peer-revie↕↑₹λwed papers in more than 30 acad∞ emic journals (including Cell, Science, Im≈Ωσmunity, and Nature Immunology), has÷Ω↓ served as an editor &₽for several academic journals, and ha↓∏s been a member of grant review boards globally&π₹. Dr. Ashton-Rickardt received a B.Sc. in Bio♠♣÷Ωchemistry from the University of πLondon, King’s College§÷✔¶ with honors, a Ph.D. in Molecular Biology from ×₩the University of Edinburgh, aε> nd completed post-docto£☆•♠ral work at the Univer<✔∞sity of Edinburgh and t₽'δhe Massachusetts Institute of Technology in Mol$★ecular Biology and Molecular Immunology, respectiαδvely.information source:pharma focu¥♥≤φs AsiaThe original link:h₽→$δttps:https://www.pharmafocusasia.com/news/azthe→¶rapies-strengthens-neuroinflammation-t±&←argeted-pipeline-through-acquisition-of-smith>€∏-therapeutics2019 Asia♣§-pacific pharma IP Leader Summit: http://en.zen→ seegroup.com/p/510934/will be©® held in Beijing on ↕♦®$;November 14-15, and will attract more than 5∑¶00 industry experts from domestic α§σ$and foreign pharmaceutical c♠δ←ompanies, biotechnology companies, govern¥₹ments, associations, law firms, intelle"ctual property agents and other comp₩ $anies to attend.Official registration and∞♠ consultation channe≠&λφls:Contact:AnnPhone: 021-65650305Email:Mark₽÷eting@zenseegroup.comhttp://en.z±enseegroup.com/p/510934