Archive: Company News

Company News: Aleva Neurotherapeutics Awarded Grant from The Michael J. Fox Foundation

– Funds will be used to prepare clinical study of Aleva’s directSTIM™ novel directional deep brain stimulation system in patients with Parkinson’s disease –

Aleva Neurotherapeutics, a leading company developing next-generation implants for deep brain stimulation (DBS) in major neurological indications such as Parkinson´s disease, today announced that it has been awarded a grant from The Michael J. Fox Foundation for Parkinson’s Research (MJFF).

The grant of up to $180,000 is dedicated to development of Aleva’s directSTIM™ device, a complete directional DBS system for sustained therapy in Parkinson’s disease and essential tremor. The funds will go toward the preparation of a clinical study assessing the long-term clinical performance of directSTIM™ in a prospective, single-arm, open trial in people with Parkinson’s disease.

“We are delighted to receive a grant from The Michael J. Fox Foundation for our directional deep brain stimulation system,” said André Mercanzini, CTO and Founder of Aleva Neurotherapeutics. “The grant will provide pivotal support for the validation of our cutting-edge directional stimulation system and for obtaining market clearance for directSTIM™ in Europe.”

Currently available DBS systems continuously radiate stimulation, leading to side effects such as nausea and numbness. The Aleva system controls the direction of the electrical current in the brain, aiming for fewer side effects and less post-operative maintenance.

“A primary goal of our Foundation is improved treatments for the millions of people living with Parkinson’s disease,” said Adria Martig, PhD, Associate Director of Research Programs at MJFF. “We are enthusiastic about the Aleva deep brain stimulation system as it may provide an optimized therapeutic option for treating the debilitating motor symptoms of the disease.”

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Company News: Molecular Health Licenses SafetyMAP™ to the U.S. Food and Drug Administration (FDA)

Molecular Health has entered into a commercial license to provide the FDA with use of its SafetyMAPTM software – formerly known as Molecular Analysis of Side Effect information (MASETM), to provide a comprehensive and dynamic analytical solution for the detection and molecular analysis of drug-induced adverse events for all marketed drugs and for predicting safety issues of new drug candidates.  The license supplies the FDA with access to SafetyMAP for 10 concurrent users for a period of one year and can be extended for two additional years at the discretion of the FDA.

Lutz Voelker, CEO of Molecular Health said, “This FDA User License validates the importance of having the robust drug safety analytics that Molecular Health’s SafetyMAP uniquely provides.”

Following the acceptance of a proposal submitted in response to the FDA’s Request for Quotation, RFQ-1146774, “Molecular Health User Licenses for MASE (or Equal)”, Molecular Health and the FDA entered into a commercial license agreement. Prior to issuing the RFQ, the FDA had been evaluating this technology under the terms of a five-year research collaboration agreement with Molecular Health that began in 2012.

The FDA described in its RFQ the important capability that Molecular Health’s technology provides:

Drug safety prediction and the evaluation of post-marketing signals depend on the ability to find scientific data that can confirm relationships among drugs, drug targets, toxicity mechanism, patient susceptibility and clinical response. This requires the ability to interrogate a wide variety of data sources, including the FAERS database, MEDLINE, gene and protein databases, FDA drug product labels, patents and other document repositories to uncover hidden relationships between scientific findings and adverse events. The creation of molecular target adverse event profiles is advancing safety science. This capability is mission critical for assessing the importance of possible safety issues pre- and post-approval and for supporting our regulatory science mission at FDA.  Over the past three years we have been using the MASE platform to achieve the goals outlined above.  A large number of FDA safety issues have been evaluated and labeled using MASE data mining capabilities.  This software has provided valuable, accurate and reliable information [emphasis added].

Leveraging Molecular Health’s platform technology of biomedical and molecular databases, analytical methods and visualization tools, SafetyMAP was developed by integrating clinical information from five million adverse event reports (FAERS), with molecular information about targets and drug mode action at the level of target pathways.  This drug-centric data integration process enables the molecular transformation of clinical information, such that human clinical information can now be analyzed from the perspective of molecular parameters (e.g., targets or pathways).

Molecular Health is also marketing SafetyMAP to the pharmaceutical industry and to pharmacy benefit managers.

Company News: New Oncology to Present Data at the 16th World Conference on Lung Cancer

New Oncology today announced that an abstract highlighting the company’s progress in clinical cancer genome diagnostics will be presented at the 16th World Conference on Lung Cancer taking place September 6 – 9, 2015, in Denver, USA.

Date & Time: Wednesday 9th September 2015, 9.45am – 10.45am and 3.45pm – 4.45am

Title: Discrepancies between ALK FISH and Capture Based NEOplus Diagnostics

Abstract: # 2748

Presenter: Dr. Rafał Dziadziuszko

“We analyzed primary tumor samples for our network of clinical partners using our NEO platform to detect therapeutically relevant gene fusions,” commented Dr. Lukas C. Heukamp, Medical Director of New Oncology. “In the cohort published today, our findings showed discrepant results in all cases when compared with fluorescent in situ hybridization (FISH), the current gold standard of gene fusion diagnostics. Clinical response data were available for all patients, and tumor sensitivity was always in line with the results obtained by NEO. With gene fusions becoming more and more important as cancer drug targets, the need for reliable results will drastically increase. With our NEO technology, we are perfectly adapted to analyze tumor samples that do not match the quality requirements for FISH analysis or for which only limited material is available.

Company News: Aleva Neurotherapeutics Appoints Dr. Philippe Dro to its Board of Directors

– Seasoned entrepreneur brings 20 years of Life Science industry experience –

Aleva Neurotherapeutics, a leading company developing next-generation implants for Deep Brain Stimulation (DBS) in major neurological indications such as Parkinson´s disease, today announced the appointment of Dr. Philippe Dro to its Board of Directors.

Dr. Dro brings 20 years of entrepreneurial experience in the life science industry, including a pivotal role in executing strategic transactions at several biotech and medtech companies. Until recently, he was Chief Executive Officer and a Member of the Supervisory Board of GlycoVaxyn AG, a vaccine company that was acquired by GSK earlier this year. Prior to this, he served as Chief Executive Officer and Chairman of the Board of Endoart S.A., a medtech company developing telemetry-driven implants for cardiac disease and obesity that was sold to Allergan, Inc. From 1999 to 2003, he was Chief Financial Officer and Head of Business Development at drug discovery company Axovan AG, which was acquired by Actelion in November 2003. Prior to that, he held various position at Novartis, Skyepharma, and Antares Pharma.

Dr. Dro received a doctorate in Pharmacy (Pharm D) from the School of Pharmacy of the University of Grenoble, France, and holds a joint MBA from Ecole Superieure de Commerce de Lyon, France, and Cranfield School of Management, United Kingdom.

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