ProtAffin AG, a biotechnology company developing a novel class of
biopharmaceutical products that act by targeting cell-surface glycan structures,
today announced it has signed a manufacturing contract with CMC Biologics`
Danish operations, located in Copenhagen, Denmark for manufacture of its lead
product PA401 for the treatment of chronic obstructive pulmonary disease (COPD).
The contract will cover manufacture and supply of PA401 for preclinical
development and early clinical development in COPD and related respiratory
indications. PA401 is a glycan-binding decoy protein based on human chemokine
IL-8 (CXCL8), which has shown potent anti-inflammatory activity in both chronic
and acute preclinical models of lung inflammation. A composition of matter
patent covering PA401 has been granted in the USA and the EU.
ProtAffin`s novel class of biopharmaceutical products are first-in-class
engineered versions of human proteins which bind to cell surface glycans
(sugars) to affect their biological activity. Specific cell surface glycans
underlie inflammatory processes in several diseases including COPD, and
represent a rich and relatively under-investigated class of potential drug
targets for pharmaceutical and biotechnology companies. ProtAffin`s approach is
entirely innovative and opens up glycans as druggable targets through the use of
its CellJammer® discovery technology.
Dr. Andreas J Kungl, CSO of ProtAffin commented: “We are delighted to be working
with CMC Biologics A/S as our manufacturing partner for our first preclinical
product PA401. CMC have impressed us with their great expertise in process
development for early stage biopharmaceuticals, and their reputation for
customer service. Initiating manufacturing of PA401 to support preclinical and
early clinical development of PA401 is a major milestone for ProtAffin.”
David Kauffmann, Chairman of CMC Biologics, commented: “It is exciting to start
working with ProtAffin`s highly competent management and science team. We are
confident that this is the beginning of a long term relationship, and that
together our two companies will employ best and most timely manufacturing
solutions for development of ProtAffin`s lead product PA401″.
Notes to Editors:
About ProtAffin AG
ProtAffin is a European preclinical stage biotechnology company based in
Austria, developing protein-based products targeting inflammation and oncology.
Its novel class of biopharmaceuticals target heparin-like glycans (complex sugar
compounds) that drive inflammatory processes. ProtAffin has used its proprietary
CellJammer® discovery technology to develop a pipeline of preclinical
development candidates based on engineered human chemokine proteins. The
CellJammer® discovery technology has been successfully applied to a number of
chemokines, in addition to IL-8, central to inflammatory and autoimmune diseases
and is also applicable to many targets in the field of oncology.
Since 2007, the Company has raised over €18 million in venture capital from
Aescap Venture, Atlas Venture, SR One Ltd., Entrepreneurs Fund and Z-Cube Srl.
ProtAffin has also raised €2 million in non-dilutive financing in Austria. The
Company currently has 24 employees in Graz, Austria and Oxford, UK.
About PA401
ProtAffin`s lead anti-inflammatory product is PA401, a modified form of the
human chemokine IL-8. Human IL-8 (CXCL8) is a chemokine produced by macrophages
and other cells and its primary function is the induction of chemotaxis in
neutrophils. PA401 acts as a potent, targeted anti-inflammatory protein
preventing the infiltration of neutrophils which are a hallmark of many acute
and chronic respiratory diseases.
By binding to glycans that drive the infiltration of neutrophils in inflammation
with a higher affinity than wild-type IL-8, PA401 can prevent wild-type IL-8
from activating neutrophils and inhibit the events that would normally lead to
chronic lung inflammation. PA401 is in preclinical development for COPD and
related respiratory indications. A patent encompassing PA401 and other IL-8
variants was granted in the USA and EU in 2009. PA401 is a novel
biopharmaceutical product representing a very large commercial opportunity by
addressing the huge unmet medical need in respiratory diseases where chronic
neutrophilic infiltration is present, including COPD, cystic fibrosis, and
steroid-resistant asthma.
About Chronic Obstructive Pulmonary Disorder (COPD)
COPD is a chronic inflammatory disease characterised by airflow limitation that
is not fully reversible. The airflow limitation is usually both progressive and
associated with an abnormal inflammatory response of the lungs to noxious
particles or gases. It is typified by partially reversible obstruction of the
airways, with chronic bronchitis and/or emphysema, leading to a productive cough
and progressive difficulty in breathing. The disease affects about 60 million
people worldwide with more than 3 million people dying of the disease each year,
making it the 4th leading cause of death in the world. The number of affected
people is likely to increase in the next five years with the increased use of
tobacco, and increasing industrial pollution, especially in Asia-Pacific
countries.
Infiltration of neutrophils in the lung is one of the accepted hallmarks of
COPD, but this neutrophil infiltration is resistant to current therapies for
COPD, including inhaled corticosteroids. Interleukin-8 (IL-8) is accepted as one
of the most potent mediators of neutrophil infiltration in the lung and
targeting IL-8 or its receptors CXCR1 and CXCR2 is an approach under
investigation by a number of leading pharmaceutical companies for suppressing
the chronic lung inflammation seen in COPD. ProtAffin`s lead product PA401 is a
glycan-binding anti-inflammatory decoy version of human IL-8 and therefore
represents a promising new approach to reducing the IL-8 driven inflammation,
present in COPD.
About CMC Biologics A/S
CMC Biologics is a world leading company, in offering integrated services for
development and production of biopharmaceutical products. The Company
specializes in process development and large-scale manufacture of pharmaceutical
proteins, in compliance with the most stringent cGMP standards, for use in
preclinical studies, clinical trials and large-scale commercialization. CMC
Biologics offers a broad range of services, including the development of cell
lines, development of manufacturing processes, formulations, characterization
and analytical tests. CMC Biologics has manufacturing sites in Copenhagen,
Denmark and Seattle, Washington, USA.
For more information:
ProtAffin AG
Dr Jason Slingsby, Chief Executive Officer
T: +43 664 4187210
F: +43 316 382 541-4
E-mail: office@protaffin.com
www.protaffin.com
or
CMC Biologics
Mads Laustsen, Chief Executive Officer
Tel. +45 29488401
Email: ml@cmcbio.com
www.cmcbio.com
or
For media enquiries:
College Hill Life Sciences
Adam Michael, Dr Anastasios Koutsos
Tel: +44 20 7866 7861
Email: protaffin@collegehill.com
www.collegehill-lifesciences.com
Copyright Business Wire 2010