AZTherapies Strengthens Neuroinflammation-Targeλ>✔ted Pipeline Through AcquiδΩ≠sition of Smith Therapeut✘✔" ics
FRIDAY, OCTOBER 25, 2019AZTherapies, λγInc., a biopharmaceutical☆β company developing therape →utics to extend brain health, today announced♠ the acquisition of Smith Therapeutics, a prΩα'ivate biopharmaceutical company with •λa shared goal of targeting neuroinflamm' γation to treat neurodegenerative dise<λ®ase. Smith Therapeutics’ Founder and Chief Execu•∏λtive Officer Philip Ash→♣ ton-Rickardt, Ph.D., has¶ joined the senior leadership team at AZTherapies as Senior Vice Presi♦ ←♣dent of Immunology. Financial termsΩ≈≈ of the acquisition were not disclosed.S∏" &mith Therapeutics’ proprietary research platf<'←orm focuses on the use of modified ™♥↑↓T cells to restore a healthyα↔$ balance of inflammatory and regula®γtory cells in the brain. To date, Smith has ' successfully engineered imm™unosuppressive T regulatory (Treg♠♠ ) cells with Chimeric Antigen Receptors ™★ (CARs) targeting brain glia'↑l cells. Previous research ha<πφs demonstrated the ability of ""©Tregs to dampen microglial a₽♣ctivity and reduce neuroinflammation in model±φφs of neurodegeneration, suggesting α¥their potential utility in the treatm 'ent of diseases includinγ'↓g Progressive Supranuclea ♠ r Palsy (PSP), Alzheimer’s d♣≈✘φisease, Parkinson’s disease, Huntington’s disease<, Amyotrophic Lateral Sclerosis (ALS ® ), and others.“This acqu±δ→isition represents a meaningfu€<→l step forward for us as we continue to strenδ☆®gthen our leadership posi☆∑∑tion in the development of therapies targeti→₩ ng neuroinflammation to stop or slow the pr"✘✔±ogression of neurodeg>♦σenerative diseases,” said David R. ↑←'Elmaleh, Ph.D., Founder, CEO, and Ch¥λ≤≥airman of AZTherapies. “We are↔↓ excited to be working with Philip a¥±π£s we add this cutting-edge techn÷₹±ology to our portfolio oλφf innovative programs. An esteemed immuno↔★logist and inventor of the technology, Philip bri↕ngs unparalleled expertise to the comp≥← any and we look forward to≤♥ advancing this CAR-Treg program further<§ into IND-enabling studiα™es and into clinical development as rap&↕idly as possible.”Dr. Ashton-Rickardt commen•&γted on the acquisiti ©δon and his appointment: “Our sharedδ ♠ε rationale of targeting ne"Ω&uroinflammation as the root cau≥↕se of neurodegenerative λ™<®disease makes this acquisition a grea÷®± t strategic fit for us. With AZThe♣λrapies’ expertise in drug development ≈₹÷☆and clinical trial executi★α©δon, we believe that together, we are well po"★≠"sitioned to advance our CAR-Treg technology a₩♣β₽nd fundamentally change δσ¥♦neurodegenerative disease progress$'₩∑ion.”Prior to launching Smith Therapeutics in 2017, Dr. Ashton-Rickardt was Chair €&Ω in Immunology at Imperi"≤γal College London, Visiting Prof ₩essor, Brigham and Women’s Hospital, Ha' rvard Medical School, and Associate Prof₹∏essor in the Department of Pathology at the Uni§±versity of Chicago. His work has been reco≠™€gnized by his peers through the award of tenu™≥γre from The University of Chica$←©go and by his fellow citizens as a recipie"α®nt of the Early Career Award for Scienti≠↕★≥sts and Engineers fro$m President Bill Clinto₽₽∑n. He has published more than 6∑→©5 peer-reviewed papers in more than 30 academ↕↔☆'ic journals (includinε↓¶g Cell, Science, Immunity, and Na"↓ture Immunology), ha₽∑s served as an editor for several academic jou₽rnals, and has been a member of gran φ ±t review boards globally. Dr. Ashton-Rickardt©<σ received a B.Sc. in Biochemistry from the U<♦×♦niversity of London, King’s College wi↔♣±th honors, a Ph.D. in ←∑♠Molecular Biology from the University of Edinburg> h, and completed post-doctoral work at₩™< the University of Edinburgh and the Massachus±¥etts Institute of Technology in Molecular Bi¥$ ology and Molecular Immunology, respectively.₽₽information source:pharma focus AsiaThe γδoriginal link:https:https://wwπφw.pharmafocusasia.com/news≠Ω /aztherapies-strength ₩★ens-neuroinflammation-targeted-pipeline-through-aε ¶cquisition-of-smith-therapeutics2019 Asia-pac'εific pharma IP Leader S£≥∑±ummit: http://en.zenseegroup.com/✔δ"&p/510934/will be held in&n&πbsp;Beijing on November 14-15,×≈< and will attract more than 500 indu≤±πstry experts from dom✘">estic and foreign pha÷ ♠rmaceutical companies, biotechnology companφ¥∞ies, governments, associationsε≤ε₩, law firms, intellectual prφλ'operty agents and other co&™§mpanies to attend.Official registrationΩ&♣ and consultation channel≥∞s:Contact:AnnPhone: 021-65650305Email:Marketing↓α↔@zenseegroup.comhttp://en.zenseegroup.co÷→↔εm/p/510934