AZTherapies StrengtheΩ♦ns Neuroinflammation-Tar÷ε©≤geted Pipeline Through Acquisition of Smith The♣←∞∏rapeutics
FRIDAY, OCTOBER 25, 2019AZTherapies, I↕€↓↕nc., a biopharmaceutical company develop÷®∏ing therapeutics to extend brain ÷∑health, today announced the acquisition of Smith >Ω↔÷Therapeutics, a private biopha×★<λrmaceutical company with a sh 'ared goal of targeting neuroinflammation to§™ treat neurodegenerative disease. Smith Ther₩±•apeutics’ Founder and Chi¥£ ↑ef Executive Officer Phili♣←p Ashton-Rickardt, Ph.D., has joine§¶≈πd the senior leadership team at AZTherapies as↓✘≈♣ Senior Vice President of Iπ$mmunology. Financial teγ₹←rms of the acquisition were not disclo≈∏♦≤sed.Smith Therapeutics’ proπ€prietary research pl←∑>atform focuses on th↑<γ↑e use of modified T cells to restore a heal↔☆thy balance of inflamm₹$©atory and regulatory ce∏&★lls in the brain. To ∑≈date, Smith has successfully engineereΩ∑÷d immunosuppressive T regulatory (Tre÷ε$g) cells with Chimeric Aβ↑♣σntigen Receptors (CARs) targeti↔★ ✔ng brain glial cells. Previous research has demo ÷λ←nstrated the ability of Tregs to dampen£₽™γ microglial activity an♠βd reduce neuroinflammation×✔ in models of neurodegeneration, sugge♣₽φ♠sting their potential↓σ utility in the treatment of diseases including©δ≤ Progressive Supranuclea&π>r Palsy (PSP), Alzheimer’s disease, Parkinso♣γ∏♥n’s disease, Huntington’s disease, ✔↔→€Amyotrophic Lateral Sclerosis (AL ♥S), and others.“This acquisition represent→φ∞∞s a meaningful step forward f≈≤↑or us as we continue to strengλ£ then our leadership position in the"φ> development of therapies Ω₽ targeting neuroinflammation to stop or slow the p∑¶rogression of neurodegenerative diseases,” ∞₽∞said David R. Elmaleh, Ph.D., F≈×₽ounder, CEO, and Chairman €¶of AZTherapies. “We are e$₽xcited to be working with Philip as we add t₩his cutting-edge technology to our portfolio of♥δ± innovative programs. An est¥€♠eemed immunologist and inventoΩ'₹πr of the technology, Philip brings unparalle✘π₹led expertise to the company and we looε≤ 'k forward to advancing λδ™this CAR-Treg program further into ↑✘IND-enabling studies and into clinica≤ ☆l development as rapidlαy as possible.”Dr. Ashton-Rickardt©α commented on the acquisition and h §×is appointment: “Our≥ shared rationale of target ing neuroinflammation as the root cause • ¥of neurodegenerative disease makes this ac≈ quisition a great str✘∞↕ategic fit for us. Wi♣♥th AZTherapies’ expertise in dru ≈g development and clinical trial execution, we be'¥lieve that together, we are we₹€♦ll positioned to advance our CAR-Treg tec≥®÷hnology and fundamental↓ ly change neurodegenerative dis÷∑ease progression.”Prior to launching Smithφ™ Therapeutics in 2017, Dr. ≤¥↔Ashton-Rickardt was Chair in©§σσ Immunology at Imperial College London, V¶φ<∏isiting Professor, Brigham and Women’₽€ ✔s Hospital, Harvard Medical School, and Asso≤≈ciate Professor in the Departm≈•ent of Pathology at th♠★ ×e University of Chicago. HΩ∞'÷is work has been recognized by his peδ₩✘ers through the award of tenure from The ≥University of Chicago and by his fellow citi∏↓≥₹zens as a recipient of the Early Career Aw¥≠↓∑ard for Scientists and Engineers from P♥ ♠resident Bill Clinton. He has published more₹" than 65 peer-reviewed papers in more™₽ λ than 30 academic journals (including Cell×★, Science, Immunity, and Na★π£ture Immunology), has served"÷© as an editor for several academic ±✘journals, and has been a member of grant review λ¶♣✘boards globally. Dr. As hton-Rickardt received a $∏ B.Sc. in Biochemistry from the University of Lon✘∑₽don, King’s College with honors, a Ph.D. in M$¶✔↔olecular Biology from th☆♣e University of Edinbα≤✔urgh, and completed post-doctoral work at the Uni≠<®∞versity of Edinburgh and the Massachuset↓★ts Institute of Techn≠÷×ology in Molecular Biology and Molecul&> ar Immunology, respectively.informatiβon source:pharma• focus AsiaThe original link:httpsα&β&:https://www.pharmafocusasia.com/news/azt≥$herapies-strengthens-≤♥neuroinflammation-targeted-pipeline-th←×≤×rough-acquisition-of-smit≠©¥h-therapeutics2019 Asia-pacific pharma $>IP Leader Summit: http://en.zΩ•¶enseegroup.com/p/510934/will bδ×γe held in Beijing&nbsαγ¶p; on Novembe↔★r 14-15, and will attract more thaγγ"n 500 industry experts fro₽↔" m domestic and foreign pha♥→rmaceutical companies, biotechnolπogy companies, governments, associ♦λ ations, law firms, intellectual property agents a☆♦ €nd other companies to attend.Offici∑∞↕al registration and con®™₽¥sultation channels:Contact:AnnPhone: 021-65&δ±ε650305Email:Marketing@zenseegroup.coλ≤₹±mhttp://en.zenseegroup.com/p/510934