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Exosome Startup Launched by MD Anderson, 2 VC Firms with $80M+

The University of Texas MD Anderson Cancer Center has joined two venture capital firms and co-founder Eric Lander, Ph.D, president and founding director of the Broad Institute of MIT and Harvard University, to launch Codiak BioSciences—which said today it has

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The University of Texas MD Anderson Cancer Center has joined two venture capital firms and co-founder Eric Lander, Ph.D, president and founding director of the Broad Institute of MIT and Harvard University, to launch Codiak BioSciences—which said today it has secured commitments for more than $80 million in series A and B financing.

Codiak said it aims to become the global leader in developing exosomes as the basis of new therapeutics and diagnostics for a variety of diseases, including cancer. The company added that it has closed on the first unspecified portion of the $80 million and has signed license and sponsored research agreements with MD Anderson.

Codiak is founded partially on technology developed in the laboratories of Raghu Kalluri, Ph.D., professor and chairman of MD Anderson’s Department of Cancer Biology. Dr. Kalluri and his colleagues have shown that exosomes derived from normal cells can act as a potent and safe delivery system for multiple therapeutic payloads, by mediating dramatic effects in animal models of disease.

Dr. Kalluri's work with exosomes involved discoveries related to identification of double stranded genomic DNA, exosome microRNAs and their biogenesis, exosome proteins, identification of cancer-specific exosomes, and exosome-mediated therapies, according to Codiak.

Dr. Kalluri is among the founders of Codiak and will have an interest in the company. He joined MD Anderson in 2012 through a recruitment grant from the Cancer Prevention and Research Institute of Texas, which has also awarded him research funding.

Codiak said another co-founder, Dr. Lander, will serve on its board of directors, and apply his expertise in molecular and computational analysis of the genome to help the company explore diagnostic and therapeutic applications of exosomes. In addition to his duties at the Broad Institute, Dr. Lander is also professor of biology at MIT and professor of systems biology at Harvard Medical School.

The company said Douglas E. Williams, Ph.D., will be its founding president and CEO. He previously served as Biogen's evp, research and development from January 2011 to July of this year. Before joining Biogen, he was CEO and a board member of ZymoGenetics, which was acquired by Bristol-Myers Squibb in 2010.

Codiak’s chairman will be Steven Gillis, Ph.D., managing director at ARCH Venture Partners and co-founder of Immunex—where more than a quarter-century ago he recruited Dr. Williams, who served there in a series of scientific and senior leadership positions. Also serving on Codiak’s board will be Flagship Ventures founder and CEO Noubar Afeyan, Ph.D.

ARCH Venture Partners and Flagship Ventures are co-lead founding investors in Codiak, with Fidelity Management and Research Company, the Alaska Permanent Fund and Alexandria Venture Investments also joining the initial $80+ million Series A and Series B funding syndicate.

Flagship’s VentureLabs® innovation unit has worked since last year to apply exosomes as a therapeutic platform. VentureLabs has produced an intellectual property portfolio consisting of internally developed patents held by one of its startups, VentureLabs Newco VL27—which has merged into Codiak after acquiring exosome-related IP work of an advisor to the company, Jan Lotvall, M.D., Ph.D., chairman of the Krefting Research Centre and a professor at the University of Gothenburg in Sweden.

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You should consider having your child evaluated by a genetics expert if they have a family and/or personal history of the following: Developmental delay or learning difficulties. Birth defects, such as spina bifida, cleft palate, brain malformations, heart defects, etc. Unusual physical features. Hearing loss. Abnormal growth. Muscular dystrophy or other neuromuscular disorder. An abnormal genetic test result. A known or suspected genetic condition. A family history of a genetic condition. Parents interested in learning about recurrence risks. Contact your child's primary care provider or the Center for Personalized Genetic Healthcare (CPGH) to discuss whether a genetic counseling evaluation is appropriate for your child.

Source: my.clevelandclinic.org ↗
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 ↗
03How stable is the antibody?

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

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