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Scenic Biotech B.V.. (6/23/20). "Press Release: Scenic Biotech Awarded €3.1 Million Innovation Credit from Dutch Government to Progress CD47/QPCTL Immuno-oncology Program". Amsterdam.

Region Region Netherlands
Organisations Organisation Scenic Biotech B.V.
  Organisation 2 RVO.nl (Rijksdienst voor Ondernemend Nederland / Netherlands Enterprise Agency)
  Group Netherlands (govt)
Products Product QPCTL inhibitor (Glutaminyl-peptide cyclotransferase-like inhibitor)
  Product 2 business development (state/region)
Index term Index term Scenic Biotech–Netherlands (govt): credit, 202006– Innovation Credit €3.1m from RVO to advance QPCTL inhibitors
Person Person Charles, Susan (Sue) (Instinctif 201611 Manaing Partner Life Sciences before College Group + Northbank + HCC De Facto)
     


Scenic Biotech BV (“Scenic”), a pioneer in the discovery of genetic modifiers to enable the development of disease modifying therapeutics for rare genetic disorders and other devastating illnesses, today announced that it has been awarded a €3.1 million Innovation Credit from the Dutch Government. The funds will be used to advance the Company’s lead CD47/QPCTL immuno-oncology program through preclinical development towards human clinical studies.

The Innovation Credit is awarded by the Dutch government through its agency RVO of the Ministry of Economic Affairs and Climate Policy and is aimed at the development of promising and challenging innovations. It will support the preclinical development of novel QPCTL (Glutaminyl-peptide cyclotransferase-like) inhibitors, completing the two-year project with an IND filing.

Scenic’s CD47/QPCTL immuno-oncology program builds on seminal work by the Netherlands Cancer Institute (NKI) and Leiden University Medical Centre (LUMC). An enzyme present in cancer cells, QPTCL was first demonstrated as a promising target for immuno-oncology by using the Company’s proprietary high-resolution genetics platform called Cell-Seq. The results of this discovery were published in the journal Nature Medicine.

QPCTL was found to be a druggable modifier of the CD47 innate immune checkpoint, which is one of the major mechanisms by which cancer cells evade detection by the immune system. As a result of this activity, CD47 is also known as the ‘don’t eat me signal’. After being the first to discover and validate QPCTL as a promising target in immuno-oncology, NKI and LUMCs scientists also showed that small molecule inhibitors of QPCTL can prevent the expression of functional CD47 on cancer cells, thereby causing the cancer cells to be attacked by macrophages and destroyed.

Scenic has gone on to develop a series of chemical inhibitors with potent inhibition against QPCTL and has filed a patent application related to this chemical series.

Dr Sebastian Nijman, co-founder and CEO of Scenic Biotech said:

“We are delighted to be selected for this award from the Dutch Government, recognizing the potential of our program to develop a new cancer therapy. The funding will enable us to accelerate the optimization of our proprietary small molecule QPCTL inhibitors and then advance them towards filing an Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA). This is the first step in the drug review process before clinical trials can begin and will represent an exciting milestone for our Company.”

An Innovation Credit can include the technical development of a new product or process or the clinical development of a medicine or device and requires matching funding from Scenic. After the IND approval phase, Scenic will seek a Partner to support human clinical trials.


-Ends-


Notes to Editors:


About Scenic Biotech

Scenic Biotech is focused on identifying genetic modifiers, a completely new class of disease targets, for drug intervention. Also known as disease suppressors, genetic modifiers are genes that act to suppress or completely block the effect of a disease-causing mutated gene.

As a pioneer in the field, Scenic Biotech is building the largest proprietary data warehouse of genetic modifiers and has already identified a number of novel genetic modifiers for over a dozen inherited diseases. This approach is enabling the development of disease modifying therapeutics for devastating diseases including inherited rare diseases and cancer.

Scenic Biotech is headquartered in Amsterdam, the Netherlands. The Company was founded in 2017 as a spin-out of the Netherlands Cancer Institute, and Oxford University, backed by a Dutch-UK syndicate of Venture Capitalist investors that include BioGeneration Ventures, Inkef Capital, and Oxford Sciences Innovation. It has received €3.1M non-dilutive Innovation Credit funding from the Dutch government RVO agency of the Ministry of Economic Affairs and Climate Policy.

For further information please visit: www.scenicbiotech.com


About Genetic Modifiers

Genetic modifiers or disease suppressors are genes that counteract the effect of a disease-causing gene. They explain why some people with genetic mutations linked to severe disease end up having only mild or no symptoms. Genetic modifiers therefore positively influence the severity of disease and act as a ‘natural form of protection’. Genetic modifiers are a completely new class of therapeutic/drug targets.


For Further information, please contact:

At the Company
info@scenicbiotech.com

Media Enquiries
Sue Charles, Charles Consultants, sue.charles59@outlook.com, +44 (0)7986 726585

   
Record changed: 2020-06-29

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