Curetis AG, an innovative molecular diagnostics company focusing on the development and commercialization of in-vitro diagnostic products for infectious diseases, today announced an extension of its Series A financing, bringing the total size of the round to € 24.5 million. CD-Venture joined the funding as a new investor, while all of Curetis’ existing VC investors participated in the round. Several private investors also continued to co-invest.
Following the appointment of Oliver Schacht, PhD, as the new CEO of Curetis last month, this financing transaction is the first step towards funding next year’s commercial launch and roll-out of the Unyvero product platform together with the first CE marked IVD test cartridge for pneumonia and antibiotic resistances in Europe. The additional funds will allow Curetis to pursue a more aggressive strategy towards initiating a US clinical trial in H2-2011 with a goal of filing for FDA approval in 2012. This Series A financing positions Curetis as a solidly funded molecular diagnostics company with near-term commercial-stage products and its unique platform solution addressing a clear unmet medical need in the rapid diagnosis of infectious diseases and antibiotic resistance.
Curetis’ CEO Oliver Schacht will present an update on the company at the upcoming BioEquity 2011 in Paris. The presentation is scheduled for May 23, 2011, at 5:00 pm CET, Room Pont de Sully.
Sascha Karberg in Frankfurter Allgemeine Sonntagszeitung (FAS) features the latests attempts of biologists to understand and replicate the endosymbiosis of cyanobacteria and cells of eucaryotes that led to the chloroplasts found in all green plants. Already in the 1970s, biologists successfully incorporated cyanobacteria into an amoeba and meanwhile, several animals carrying endosymbionts providing them with extra energy from the sun have been discovered. This is now replicated in the lab. Using genetically engineered cyanobacteria, scientist recently created zebrafish larvae as well as mice and hamster cells with endosymbionts that not only survive but replicate. Karberg also explains why this will not lead to green cows living on sunlight.
Silvia von der Weiden in Die Welt introduces novel findings about the role of water molecules in protecting and maintaining the DNA geometry. Reducing or expanding the size of the water sheath covering the DNA changes the conformation of the molecule as if activating a switch. The findings may be used to create novel DNA-based nanotools or develop DNA-binding drugs to influence gene activation.
In Forbes, Mattew Herper features a graph proving Moore’s law wrong – at least in the decline of cost of DNA sequencing: the cost of getting DNA data (i.e. cost per genome as well as per megabyte of DNA sequence) is dropping way faster than the cost of processing data on computers. In a separate article, Herper endorses Wall Street’s forecast, that Pfizer’s Prevnar 13 vaccine against pneumococcus infections will be the company’s biggest seller in five years.
The Economistfeatures an Italian engineering firm developing a system to collect oil spills in the sea that is based on wool. Already the company has been granted a patent of its containerized, ship-based kit. After absorbing the oil, the wool is pressed to recover the oil and the reused.
Andrew Pollack in the New York Times reports about setbacks in the development of treatments based on stem cells. Experiments recently showed that induced pluripotent stem cells – which are thought to be superior both ethically and technically to embryonic stem cells – are rejected by the immune system. However, it is not yet clear whether the results obtained in mice hold true for humans, too.
– Novel treatment opportunities for CNS diseases –
biocrea, a biopharmaceutical company focusing on novel treatments for disorders of the central nervous system (CNS), today reported details on the design and synthesis of novel, brain-penetrating phosphodiesterase-10 (PDE10) inhibitors developed in collaboration with Pfizer Inc. (NYSE: PFE). The data were featured in joint presentations[1] with Pfizer at the recent 241st ACS National Meeting & Exposition, an event organized by the American Chemical Society (ACS).
The data demonstrated that the scientists at Pfizer and biocrea were able to eliminate undesired activity on adenosine receptors and to considerably improve the compounds´ physicochemical properties and potency. The team had started with initial high-throughput hits characterized by low potency and selectivity. Further lead optimization led to a number of compounds with very robust activity in a range of preclinical models of anti-psychotic efficacy. Moreover, these PDE10 inhibitors produced low levels of catalepsy, suggesting a minimal risk for the induction of side-effects involving the extrapyramidal system (EPS), the most common adverse reaction observed with anti-psychotic drugs.
Phosphodiesterases (PDEs) have been identified as key regulators of intracellular cyclic nucleotide levels in the brain. Mechanistically, PDE10 inhibition has two major benefits, mimicking, (1) the effects of antagonists of the dopamine-2 receptor, the current standard treatment for psychosis, and (2) the effects of agonists of dopamine-1 receptors, which may decrease the side-effect liabilities while contributing to a pro-cognitive profile.
[1] Malamas M et al., 241st ACS National Meeting & Exposition Abstract 65 – Imidazo[1,5-a]quinoxalines as selective PDE10A inhibitors for the treatment of schizophrenia, http://redir.ec/Qr3C; Malamas, M. et al., 241st ACS National Meeting & Exposition Abstract 66 – Benzo[e]imidazo[5,1-c][1,2,4]triazines as selective PDE10A inhibitors for the treatment of schizophrenia, http://redir.ec/pl1Q
In Frankfurter Allgemeine Zeitung (FAZ) Martina Lenzen-Schulte this week reports about an oncology symposion in Wiesbaden/Germany that dealt with oncology patients increasingly turning towards alternative medicines – 40 to 70% according to recent estimates. Oncologists now start to notice they cannot ignore patents’ needs and hopes, and therefore a number of clinicians have turned to looking at available studies on complementary medicine to separate the wheat from the chaff. However, it turns out that many of these studies – on mistletoe therapy as well as on dietary recommendations – are insufficient to provide sound evidence.
Werner Bartens in Sueddeutsche Zeitung features a 3,700 patients study published in the Journal of the American Medical Association demonstrating that contrary to common wisdom low salt diets increase the risk of heart attacks and stroke.
In Wirtschaftswoche, Susanne Kutter introduces the Diapat diagnostic test developed by German biotech company Mosaiques DiaPat GmbH that analyses more than 6,000 different peptide and protein molecules in human urine in one run. The test can be used to diagnose and even predict the onset of diseases. It has just been approved by FDA for the diagnosis of renal diseases. Already, the company markets a prostate cancer urine test in Germany. Mosaique’s test, Kutter claims, is but one of the many achievements to come from proteomics. She adds that the tests will have the potential to save the healthcare system billions of Euros.
Haydn Shaughnessy in Forbes states the record of cancer treatment still looks poor, with cancer mortality not improving a lot – as for example compared to heart diseases. Likewise, many preventive measures such as exercise and low fat diets don’t work. Shaughnessy therefore makes the case to support crowdsourcing approaches to develop a cancer cure like Pink Army and Cancer Commons (see akampioneer’s earlier entry on Open Source Principles – a Concept for the Life Sciences?). Also in Forbes, Matthew Herper forecasts that Pfizer will break itself up and spin out companies soon.
Eric Pfanner in New York Times looks at new European ventures to fill a void in world news after so many news organizations are laying off journalists or closing shop. As examples, he introduces Worldcrunch, a web-based start-up translating newspaper articles from around the world into English and Presseurop which translates into other languages, too.
In the New ScientistJessica Hamzelou writes that people easily distracted might have more grey matter in their brains than focused people. In a separate article, she also features a pacemaker-like, implantable device that can deliver timed doses of medications for a year. Boonsri Dickinson, also in New Scientist, interviews nobelist Eizabeth Blackburn, the co-discoverer of the telomerase enzyme and its role in aging. Blackburn co-founded biotech company Telome Health, which is now starting to sell a test for telomere length. While at present it is sold for research purposes, e.g. to know more about telomer length as markers of aging, the test will be offered to the public through physicians for $200 later this year. Ferris Jabr in New Scientist introduces an approach fastening nanocapsules filled with interleukins to T cells as a way to cure cancer. So far, it seems to work in mice.
And here our favorite quote from Matthew Herper’s blog, who recently mused about whether entrepreneurs share some genetic characteristics, and if so, whether one could invent an antibody to turn someone into an entrepreneur: “‘Entrepreneur Antibody:’ Serious Side Effects Might Include Visual Hallucinations of Venture Capital.”
And finally, Norbert Lossau in Die Welt features a study by LinkedIn into the most common given names of CEOs, finding that in Germany they are Wolfgang, Christoph and Michael. In France, Gilles is number one, while it is Charles in the UK, Ray in Canada, Guido in Italy and Howard in the US. Marketing people often have short names like Chip, Todd or Trey, while engineers seem to have much longer give names. So think twice before naming your next newborn!
