AZTherapies Strengthens Neuroinflammation-T∞∞±☆argeted Pipeline Throughα♠α♦ Acquisition of Smith Therape₹≠✘utics
FRIDAY, OCTOBER 25, 2019÷ ★AZTherapies, Inc., a b™π♣iopharmaceutical company developin↕α✘€g therapeutics to extend↓"™ brain health, today announced the acquisiti <♦on of Smith Therapeuβ≈tics, a private biopharmaceutical company with $a shared goal of targeting neuεβα♣roinflammation to tr≤γ♣eat neurodegenerative disease. Smith Therapeφ♦δutics’ Founder and Chief Execut€λive Officer Philip Ashton-Ric"'¥kardt, Ph.D., has joined the senior£λ♣ leadership team at AZT< herapies as Senior Vice President o>γf Immunology. Financial te✘≤¶πrms of the acquisition we∏←¶↓re not disclosed.Smith Therapeutics’ p"β'roprietary research platε✔form focuses on the use of modified T cells<¥§ to restore a healthy balan§€ce of inflammatory and regulatory c$§ells in the brain. To date, Sm✔♠↕ith has successfully engineered £≥immunosuppressive T regulato&π←↑ry (Treg) cells with Chimeriλ≥§c Antigen Receptors (CARs) targeting brain≈↓ glial cells. Previous research has demon ∑εstrated the ability of Tregs to dampen×♥ microglial activity and reduce neuroinfl<←≈>ammation in models ofε♦ neurodegeneration, suggesting their λ₩→≈potential utility in the ✘δtreatment of diseases including ←£♣✘Progressive Supranuclear Palsy (PSP), Alzhei εmer’s disease, Parkinson’s disease, γ≥δ₹Huntington’s disease, Amy∑₽βotrophic Lateral Sclerosis (ALS), and₽Ω others.“This acquisition represents a meaningfu'∏'←l step forward for us as we con↕∞tinue to strengthen ↓↓←our leadership position in >&÷✘the development of therapies targeting neuroinfl↓ ammation to stop or slow the ↕≠>progression of neurodegenerative diseases,” •≈♦said David R. Elmaleh, Ph.D., Founder, CEO, and ↔§•¶Chairman of AZTherapies. “We are exc♥βited to be working wi♦♣•th Philip as we add this cutting-edge technolog ♣♥y to our portfolio o±¥ε'f innovative programs. An esteemed immun↓β∑¶ologist and inventor of ↔≤™the technology, Philip brings unparalleled expe€✘rtise to the company and we look forward to advλ≥ancing this CAR-Treg program further into™ IND-enabling studies and ≥♥into clinical development a$£s rapidly as possible.✔₩”Dr. Ashton-Rickardt commented on the a®±≤cquisition and his appoi∞♥₹≥ntment: “Our shared rationale of♠→↕ targeting neuroinflammation as σ∞the root cause of neurodegenerative diseas÷≈&εe makes this acquisition a gr ±↑eat strategic fit for us. Witπ♣γγh AZTherapies’ expertise in drug development ¥≥δand clinical trial executi≤₹γφon, we believe that together, we are w↓$→ell positioned to advance£↕∑∞ our CAR-Treg technology ∏•βand fundamentally change neurodegenerativ₩>e disease progression.”Prior ♣γ↔to launching Smith The∏&rapeutics in 2017, Dr. Ashton-Rickardt was φε♦Chair in Immunology at Imperial Coll&← ege London, Visiting Professor,♦¥ Brigham and Women’s Hospiσ<tal, Harvard Medical School, and"→♥↔ Associate Professor in the Depart£>ment of Pathology at t∑"he University of Chicago. His work has been recog&≥nized by his peers through ™ the award of tenure from The University of Cσ♦hicago and by his fellow citiz×≠ens as a recipient of the Early Career Award ≤×for Scientists and Engineers froπ☆✘★m President Bill Clinton. He ≠±÷πhas published more than 65 peer-reviewed pa₹≠♥pers in more than 30 aca✘₩demic journals (including Cell, © Science, Immunity, and N±₽ γature Immunology), has ser←∏ved as an editor for several a←$cademic journals, and h₹♥πas been a member of π☆grant review boards globally. Dr. Ashton-Rickard↕♦↑t received a B.Sc. inδβαβ Biochemistry from th₽αe University of London, King’s College with♥> honors, a Ph.D. in MoleculaΩ✘♦r Biology from the Univ•ersity of Edinburgh, and c"≈×↔ompleted post-doctora₩∑l work at the University of Edinburgh÷✘∏ and the MassachusettsΩ® Institute of Technology in "σMolecular Biology and Molecular Immunology, re¶σ®↓spectively.information source:pharma focus∑×≈ε AsiaThe original link:https:https://www.pharmafo♣←↓cusasia.com/news/azth←₩×erapies-strengthens-neuroinflammation-targetσ♦ed-pipeline-through-acquisit★β♣✘ion-of-smith-therapeutics2ε≤ 019 Asia-pacific pharma↑←<& IP Leader Summit: http://en.ze'→✘≈nseegroup.com/p/510934/will be held in✔÷± Beijing on ↕∞↔November 14-15, and will attract more t↔βhan 500 industry experts from domestεε ©ic and foreign pharmaceutical co↑♣λ±mpanies, biotechnology companies, government÷δs, associations, law firms, in₽ tellectual property agλ ☆ents and other companies to attend.Official σ'♦≥registration and consultation Ω★channels:Contact:AnnPhone: 0α₽•∑21-65650305Email:Marketing@↑&>zenseegroup.comhttp://en.zenseegroup.c∞$om/p/510934