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Eleven Increases Series A Fundraising to $45M for Protein Therapeutics Pipeline

Start of Phase I trials with topical IL-1 antagonist against dry eye syndrome is expected this year. Eleven Biotherapeutics secured $20 million from new and existing investors in an extension to its Series A financing, which takes the total raised to $45 milli

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Start of Phase I trials with topical IL-1 antagonist against dry eye syndrome is expected this year.

Eleven Biotherapeutics secured $20 million from new and existing investors in an extension to its Series A financing, which takes the total raised to $45 million. JAFCO joined the fundraising round as new investor together with financial input from existing investors Third Rock Ventures and Flagship Ventures.

Eleven Bio will use the funds to progress its initial protein therapeutic candidate EBI-005 into clinical development as a topical treatment for surface of the eye diseases as well as progress its earlier-stage pipeline. Initial clinical development of the interleukin-1 receptor antagonist is expected to start during 2012 for the treatment of dry eye syndrome. The firm cialms EBI-005 is the first rationally designed IL-1 receptor inhibitor for topical administration to be optimized for the treatment of dry eye disease and other ocular surface inflammatory disorders.

“This financing provides us with a strong financial foundation and firmly validates our investors’ enthusiasm for Eleven’s ability to develop novel, best-in-class protein therapeutics,” comments CEO Abbie Celniker, Ph.D.

Eleven is exploiting its AMP-Rx platform for the rational design of what it calls ‘fit for purpose’ therapeutic proteins that display the optimum physical, efficacy, and selectivity characteristics. Besides EBI-005, the firm’s preclinical pipeline includes an anti-IL-6 candidate against autoimmune and inflammatory disease, an IL-17 receptor antagonist for the potential treatment of ocular inflammation and uveitis, and an anti-myostatin antibody for treating muscle wasting. Early-stage research programs are in progress in the fields of hematology, immunosuppression, metabolism, inflammation, and gout therapy.

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Related questions

01How stable is the antibody?

A crucial question often addressed during preclinical development focuses on the in vivo stability of therapeutic antibodies. Increasing the half-life of a therapeutic antibody has several benefits ranging from higher treatment efficacy to increased advantages for the patients who will have a fewer number of therapy sessions and a reduced cost. Given these compelling benefits, following the identification of therapeutic antibodies with the desired specificity, developers usually subject them to a refinement step to increase their stability. This process is often hindered by the lack of reliable experimental tools to predict the half-life of antibodies in patients. The major hurdle of using mouse models to predict antibody stability in the serum lies in the way immunoglobulin proteins are processed by the organism. In mammals, most proteins circulating in the serum undergo constant uptake by endothelial cells and are routed through the endosomes to the lysosomal compartment for degradation. In the endosomes, immunoglobulin G (IgG) proteins are recognized and bound by a transmembrane protein, called the neonatal Fc receptor (FcRn), which mediates their recycling to the plasma membrane and subsequent release back into the serum. As a result, the half-life of IgGs are significantly extended by this mechanism. Since most therapeutic antibodies belong to the IgG class, this recycling system is very relevant for their relative stability in the body. Remarkably, the relative affinity between IgGs and FcRn is extremely disparate between different species, with the mouse receptor showing a much higher affinity than its human counterpart.

Source: www.genengnews.com ↗
02Undruggable or unscreenable?

Another obstacle to discovering new PPI inhibitors is the lack of libraries designed to hunt for them, points out Philippe Roche, PhD, senior scientist at the Integrative Structural and Chemical Biology team at the Cancer Research Center of Marseilles, France. “If you screen PPIs using libraries that were designed for kinases or GPCRs, that’s why you don’t get a lot of good results,” he says. To that end, his group began assembling a library focused on orthosteric inhibitors of PPIs. The result was 2P2Idb, a hand-curated, structural database cataloguing orthosteric inhibitors of PPIs for which the interface had been 3D characterized. From analyzing these known PPI inhibitors, and what structures they had in common, Roche and his colleagues developed a model to predict whether compounds would likely inhibit PPIs. Using this method, 2P2Idb creates an enriched screening library that dramatically increases the hit rate compared to standard libraries. Having proven their success with a small library of 1600 compounds, they are in the process of expanding the library to 10,000 compounds. Once that’s published, “the idea is to make this library available to labs around the world,” Roche says. “We will provide the library free of charge for people to be able to screen PPI targets.”

Source: www.genengnews.com ↗
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Peptide Therapy Guide Editorial Team

Editorial team for Peptide Therapy Guide.

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