AZTherapies Strengthens Neur♦ε¥oinflammation-Targeted Pipeli₽→ne Through Acquisition of Smith Therape↓↔☆✔utics
FRIDAY, OCTOBER 25, 2019AZTherapies, Inc., a b$★∑✘iopharmaceutical company developing thα←♣εerapeutics to extend brain health, today announceε✘φ$d the acquisition of Smith∞ε Therapeutics, a private biophar×π≈maceutical company with a shared goal"δ of targeting neuroinflam©≈×mation to treat neurodegenerative ₹σ 'disease. Smith Therapeutics’ Founder and C¥×πhief Executive Officer Philip Ashton-Rickardt,σ£ Ph.D., has joined the senior leadership <®₹×team at AZTherapies as Senior Vice Pre'™sident of Immunology. Fin≥ ←ancial terms of the acquisition w±£₽ere not disclosed.Smith Therapeutics’ proprie€↕tary research platform focuses on the us♠&♦e of modified T cells to restore a hea≈α>lthy balance of inflammatory an♥®&d regulatory cells in the brain. To date, Smit↕"αh has successfully engineeδ♥red immunosuppressive ←÷♠T regulatory (Treg) cells with Chimeric Antigeα₽αn Receptors (CARs) targeting brain glial cells. ©©≈Previous research has demonstrated theφ• ♦ ability of Tregs to dampen microglial act±≈ivity and reduce neuroinflammation in m∑♦odels of neurodegeneration, sugge <★sting their potential>δ¶✔ utility in the treatment of diseases inclu₽' ding Progressive Supranuclear Palsy (PSP ±), Alzheimer’s disease, Parkinson’s disease, ♣∞♦Huntington’s disease, Amyotrop•♣hic Lateral Sclerosis (ALS), ±± ∑and others.“This acquisition repr•÷esents a meaningful step forward for us'&€ as we continue to streng£♥€then our leadership position in§"₽↓ the development of t←λ'herapies targeting neuroinflammat★€™¶ion to stop or slow the progression→>βλ of neurodegenerativ♣ e diseases,” said David R. Elmaleh, Ph.D., ↕πFounder, CEO, and Chairman of AZTherapie♦∏s. “We are excited to be working with •§Philip as we add this cutting-edge technolog←Ωy to our portfolio of innovative programs. An→¶₽✔ esteemed immunologisΩ≤£t and inventor of the techno>®δlogy, Philip brings unparalleled ₽☆expertise to the company and we look forward to a™Ω€dvancing this CAR-Treg program further int♦£♠∏o IND-enabling studies and into c☆↕πlinical development as rapidly as possible.©©♣¶”Dr. Ashton-Rickardt commented on the acquisition☆∞•₽ and his appointment: “Our shared rationaε•☆le of targeting neuroinflammation as the root ≠©cause of neurodegenerati∏≈ve disease makes this acquisition a gΩπ®σreat strategic fit fo↓¥€r us. With AZTherapies’ expertise in drug de ¶velopment and clinical tr•↓∑ial execution, we believe that togetherπ☆, we are well positio ≈αδned to advance our CAR-Treg technology and fu÷∏ ndamentally change neurodegenerative disease±£ progression.”Prior to launchiα±ng Smith Therapeutics in 2017, Dr. Ashton-RicΩ©kardt was Chair in Immunology↔♣ at Imperial College London, Visitingφ♦ Professor, Brigham and Women’s Hospital, Harvard✔'Ω Medical School, and Associate Professor in t♣∏he Department of Pathology at the ∞↔University of Chicago. His work has been recogniγzed by his peers through t✔₹₽he award of tenure from The University of Ch✔✔icago and by his fellow citizeπns as a recipient of the Early Car∏ eer Award for Scientists an≈≈✘d Engineers from President Bill Clinton. H£ε$±e has published more than 65 pe₹ σer-reviewed papers in more←• than 30 academic jou♦♦λ☆rnals (including Cell, Science, Immunity, aφ☆nd Nature Immunology),®"£π has served as an editor for several acad®≥">emic journals, and has been a member of grant ≈∑↓review boards globally. Dr. Ashton-Ri↔₩ckardt received a B.Sc. in Bioche" ≠mistry from the University of Londo®σ>n, King’s College with ho₩¥→↔nors, a Ph.D. in Molecular Bi÷®≤<ology from the Univer&&sity of Edinburgh, and completed pos t-doctoral work at the U≤↑niversity of Edinburgh a✔✘nd the Massachusetts Institu←te of Technology in Molecular Biol®≠©✘ogy and Molecular Immunology, respectively.infγ∑ormation source:pharma focus As±≥♠•iaThe original link:https:https://<✘∞φwww.pharmafocusasia.c✔β≠→om/news/aztherapies-strengthens-n•★☆γeuroinflammation-targeted-pipeline-th★≥rough-acquisition-of-smith-therap€♠≠eutics2019 Asia-pacific pharma IP Lea↑ ←der Summit: http://en.z₽€•βenseegroup.com/p/510934/will be held in&nφ€←bsp;Beijing on ✔εNovember 14-15, and will attrac♣α♥t more than 500 industry experts from do♠≈mestic and foreign pharmaceutica→£×l companies, biotechnolo≤✔gy companies, governments, associa∞φβ tions, law firms, in₽∑♠'tellectual property agent"αs and other companies to a↔≈↑×ttend.Official registration and φδ¶consultation channels:C₹•ontact:AnnPhone: 021-65650305E≥π® mail:Marketing@zenseegroup.comhttp:/δ↕"/en.zenseegroup.com/p/510934