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Bluebird bio to Separate Oncology Business into Independent Company
“We are excited and energized to begin this new year with so much opportunity ahead. Over the last decade, bluebird bio has pioneered development of gene and cell therapies for severe genetic diseases and oncology - delivering transformative outcomes for patients. Through the tenacity and incredible work of our bluebirds, our first commercial product is now approved in Europe and we are now on the cusp of several potential product approvals with a strong pipeline of earlier oncology research candidates on the horizon. This is a position few biotech companies have been able to attain,” said Nick Leschly, chief bluebird. “After careful strategic review, it is clear to us that the two businesses are best served by independent leadership and teams to drive distinct strategic and operational objectives. Specifically, we believe it is the right time to double down on the respective businesses to fully enable and optimize the continued innovation, development and deployment of transformative gene and cell therapies for the patients we serve.”
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Boehringer Ingelheim and Enara Bio enter Strategic Collaboration and Licensing Agreement to discover novel shared antigens for cancer immunotherapies
“We are excited to partner with Enara Bio as part of our mission to bring transformative new treatments to cancer patients,” said Jonathon Sedgwick, Ph.D., Senior Vice President and Global Head, Cancer Immunology & Immune Modulation Research, Boehringer Ingelheim. “We are advancing a unique pipeline of cancer cell-directed agents, immuno-oncology therapies and intelligent combination approaches to help combat cancer. Enara Bio’s unique discovery platform offers a novel and highly differentiated approach that will allow us to look beyond the known proteome to identify and characterize Dark Antigens to support the development of T-Cell Receptor (TCR)-directed immunotherapies and therapeutic vaccines. We believe this is a highly innovative and promising approach to the development of the next wave of cancer immunotherapies.”
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Eligo Bioscience signs a deal with GlaxoSmithKline for the CRISPR based treatment of acne
On January 11th, 2021 France based Eligo Bioscience entered a research and option deal with GlaxoSmithKline to progress their Eligobiotics platform for the treatment or prevention of acne vulgaris. Under the research agreement, Eligo will earn an upfront payment and R&D funding to advance the EB005 acne treatment program towards the preclinical stage. If GSK utilizes its option, both companies would enter into a license and collaboration agreement to jointly further develop the EB005 in acne. Eligo would receive up to $224 M in license fees and potential milestone payments, as well as royalties on global sales of their products. EB005 is a topical treatment program that is aimed to selectively remove pro-inflammatory bacterial strains from the skin, while the rest of the skin microbiome remains unaffected. Eligobiotics®' RNA-guided CRISPR-Cas strategy can precisely target the specific harmful bacterial strain by utilizing engineered nuclease.
“We are excited to work with GSK on advancing our radically new approach to address acne, combining our unique technology platform with GSK’s scientific excellence and capabilities to bring innovation from the lab bench, through clinical development, and to patients. This early-stage partnership demonstrates the translational potential of Eligo’s technology platform,” - Xavier Duportet, Ph.D., CEO, Eligo Bioscience.
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DiCE Molecules secures $80 M Series C funding advancement of its protein-protein interface antagonist pipeline
On January 8th, 2021 California based DiCE Molecules bagged $80 M Series C funding to develop next-generation immunological therapies. The financing round was led by RA Capital Management, Eventide Asset Management, New Leaf Venture Partners, Soleus Capital, Driehaus Capital Management, Osage University Partners and Asymmetry Capital Management and existing investors Northpond Ventures, Sands Capital, Sanofi Ventures, Alexandria Venture Investments, Altitude Life Science Ventures, and Agent Capital. DiCE’s research strategy is based on its DNA-encoded library (DEL) technology that generates small molecules to specifically target protein-protein interactions for difficult to drug diseases. These newly acquired funds will be utilized for the preclinical IL-17 pipeline to treat psoriasis, a skin disease that occurs when the immune system attacks the skin by mistake in the absence of a real infection.
“This financing will enable us to accelerate our lead IL-17 program through important milestones while advancing our other assets, including a pair of integrin inhibitors, and also expand our pipeline using the same combination of technology and structural insights. We believe the immunology space is underserved by current small molecule approaches and we are excited about the opportunity to advance next-generation therapeutics for this patient population.” - Kevin Judice, Ph.D., CEO, DiCE Molecules.
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