Research & University News

The EU is to invest €10 million in a project to expand the use of structural biology in drug discovery and other disciplines. The project is being coordinated by Anastassis Perrakis from the Netherlands Cancer Institute and the Oncode Institute and will involve partners from other countries.

Chiesi Farmaceutici SpA has pledged to invest €350 million over five years to bring a new formulation of inhaler for respiratory diseases to the market with the goal of reducing the carbon footprint of these devices. The company is believed to be the first in the pharmaceutical industry to publicly commit to a lower the carbon footprint for aerosol inhalers. It announced the plan at the United Nations Climate Change Conference on 4 December.

Three scientists who discovered how cells sense and adapt to the availability of oxygen have been awarded the 2019 Nobel Prize in Physiology or Medicine. William Kaelin Jr of Harvard Medical School, US; Peter Ratcliffe of the University of Oxford, UK; and Gregg Semenza of  Johns Hopkins University, US identified molecular machinery that regulates the activity of genes in response to varying levels of oxygen, discoveries that paved the way for new strategies to treat anaemia, cancer and many other diseases.

Storm Therapeutics Ltd has disclosed data from an animal study of a new small molecule inhibitor of an RNA modifying enzyme which showed activity against cancer. The study results were announced on 18 September at a meeting in Cambridge, UK attended by scientists from Europe and the US who are at the forefront of the new science of RNA epigenetics.

Crescendo Biologics Ltd has entered into collaborations with two UK universities to accelerate development of its lead product for tumours expressing prostate-specific membrane antigen (PSMA). The product, CB307, is due to enter the clinic in 2020.

Separately Crescendo appointed Steward Kay, formerly of GlaxoSmithKline Plc, as its chief business officer.

The European Investment Fund (EIF), together with institutions in Germany and Austria, has launched a new fund to support early-stage drug discovery projects sourced predominantly from academic institutions in both countries.

A group of international scientists has successfully repressed the transcription of the mutant gene causing Huntington’s disease, enabling animal models with the disease to show clear improvements in a range of important functions. Results of the research were published online on 1 July in the journal Nature Medicine. The studies were carried out by Sangamo Therapeutics Inc and the CHDI Foundation, a non-profit organisation devoted to Huntington’s disease research.

The charity Cancer Research UK is to invest $25 million in a biotechnology fund managed by SV Health Investors as part of a partnership aimed at accelerating the development of new oncology drugs.

Under the arrangement, Cancer Research UK will provide at least $25 million to SV Health Investors’ seventh venture capital fund which is expected to raise $250 million. About 60% of the fund’s new capital will be invested in oncology or oncology-related projects.

Italian-born Mauro Ferrari, who studied medicine in the US and advised the US National Cancer Institute, is to be the next president of the European Research Council, an EU body that funds investigator-driven scientific research. Professor Ferrari will take up his position on 1 January 2020. He is known within the science community for his expertise in leveraging nanotechnology to treat and diagnose cancer.

Cambridge Innovation Capital Plc is leading an investment group that includes Genentech to provide seed capital to promising life science and healthcare companies in the UK and elsewhere. The seed capital will be issued by a new business accelerator called Start Codon located in Cambridge, UK.