John Nobile United States

Tangen Biosciences is an early stage diagnostic instrument company that has developed a group of novel technologies that together enable rapid, portable, lab-free, and very low cost molecular diagnostics at the point of care.   

The Tangen platform will amplify and detect specific nucleic acid sequences obtained from a variety of source samples, including clinical specimens such as blood, tissue and sputum, as well as environmental samples obtained from water, soil or food, for example.  The first application of the Tangen platform is the detection and diagnosis of Tuberculosis using DNA extracted from sputum samples, using the Tangen Sputum Processing assay kit

Year Founded
2012
Biotech Subsector
Indication
Biotech Phase of Development
Current Financing Needs

Additional $0.5-1M to close seed round

Tangen Biosciences
President and CEO 

Daniel O'Connell United States

Acumen Pharmaceuticals, Inc.

Direct to Brain Soluble Aβ Oligomer Selective Immunotherapy

First/Best in Class Therapy for Alzheimer’s Disease

Right Target - Right Patients - Right Delivery.  ACU-193 is Acumen’s monoclonal antibody drug candidate that targets soluble amyloid-beta oligomers (sAβo) with high affinity and selectivity.  Acumen is developing ACU-193 for direct intrathecal delivery to the brain via a device collaboration designed to increase the probability of early clinical success and enhance long term commercial potential.

The Only Alzheimer’s Immunotherapy Specifically Targeting Toxic sAβo Using Direct Brain Delivery.  ACU-193 is a late-preclinical, fully humanized monoclonal antibody that selectively targets sAβo, the primary pathologic agent in Alzheimer’s.  Composition of matter and use patents for ACU-193 run through 2030; and further IP protection is available.

Acumen is establishing an exclusive collaboration for access to FDA/CE approved chronic infusion pump systems for direct to brain drug delivery.  ACU-193 and direct brain delivery positions the program as a scientifically and clinically differentiated approach to Alzheimer’s with attractive long-term commercial and therapeutic potential.

Program Profile & Positioning

Indication:

Early Alzheimer’s dementia (Mild AD, aMCI)

Therapy:

Symptomatic + Disease Modifying

Drug:

ACU-193

Delivery Route:

Intrathecal, Direct to Brain

Device:

FDA/CE Approved Implantable Infusion Pump and Intrathecal Catheter

Refill Rate:

Every 14-21 Days

Duration:

Life-Long (Chronic Delivery)

Expected Effects:

Improved Memory

Decreased Soluble Aβ Toxicity

Slow Disease Progression (Aβ and tau)

Stage of Development:

Pre-clinical – IND Enabling

Development:

ACU-193 is poised to reach clinical proof-of-concept (Phase 1b) with short (26 week) clinical studies based on improvements on memory and cognitive measures.

Scientific Background & Program History.  SAβo are widely recognized as the primary neurotoxins responsible for the acute cognitive deficits and progressive neurodegeneration in Alzheimer’s disease.  SAβo are non-fibrillic assemblies of Aβ peptides, and are distinct from protofibrils, fibrillar Aβ, and β-amyloid plaques.  Brain levels of sAβo are 3-8 orders of magnitude lower than levels of β-amyloid plaques or monomeric Aβ.  They are elevated in the Alzheimer’s brain, and studies suggest a correlation between levels of sAβo and cognitive deficits in Alzheimer’s.  SAβo bind with high affinity to mature synapses, most likely to a small number of highly selective neuronal receptors.  Binding to these receptors interferes with normal neuronal function leading to memory loss and neurodegeneration.  Because sAβo are present at concentrations that are 3-8 orders of magnitude lower than non-toxic monomeric and fibrillar Aβ, they are an optimal immunotherapeutic target.  However, because only approximately 0.1-0.2% of peripherally administered antibodies cross the blood-brain-barrier and reach the brain, brain exposure of peripherally administered antibodies may limit their therapeutic efficacy.  Acumen is pursuing intrathecal delivery of ACU-193 to ensure therapeutic levels of the drug candidate reach the brain and achieve effects.

Effects of sAβo.

Inhibition of long-term potentiation

Tau missorting in cell bodies and dendrites

Disappearance of dendritic spines

Tau hypo-phosphorylation

Elevation of intracellular calcium

Increased Tau targeting kinases

Increased cytosolic calcium

Decreased microtubules

Increased missorted neurofilaments

Decreased mitochondria density

Acumen pioneered research on sAβo.  The company’s anti-sAβo antibody program was licensed to Merck & Co. in 2003 for significant upfront and milestone payments.  ACU-193 is a third generation product of the ~8 year/~$70M partnership with Merck.  Merck advanced the program to a late preclinical development stage.  In November 2011, as part of Merck’s restructuring following its merger with Schering Plough, Acumen reacquired all rights to the program including ACU-193, backup molecules, and substantial IP with no financial or take-back rights obligations to Merck.

ACU-193 Details.  

  • Humanized, affinity-matured, IgG2 monoclonal antibody with uniquely high selectivity for sAβo.

  • Prevents binding of sAβo to neurons and sAβo toxic effects at synapses.

  • Brain penetration, target engagement and robust biochemical and behavioral efficacy demonstrated in mouse models of Alzheimer’s.

  • Excellent pharmacokinetics, bio-distribution and brain penetration demonstrated in 4 animal species.

  • Excellent safety profile in exploratory studies in rhesus monkeys.

  • GMP production cell lines and the necessary analytics established.

  • Drug delivery collaboration with Medtronic for direct brain delivery.

  • Companion diagnostic biomarker assay established.

  • Composition of matter and use patent protection through 2030.

Year Founded
1996
Biotech Subsector
Biotech Phase of Development
Technology Overview

Program Profile & Positioning

Indication:

Early Alzheimer’s dementia (Mild AD, aMCI)

Therapy:

Symptomatic + Disease Modifying

Drug:

ACU-193

Delivery Route:

Intrathecal, Direct to Brain

Device:

FDA/CE Approved Implantable Infusion Pump and Intrathecal Catheter

Refill Rate:

Every 14-21 Days

Duration:

Life-Long (Chronic Delivery)

Expected Effects:

Improved Memory

Decreased Soluble Aβ Toxicity

Slow Disease Progression (Aβ and tau)

Stage of Development:

Pre-clinical – IND Enabling

Development:

ACU-193 is poised to reach clinical proof-of-concept (Phase 1b) with short (26 week) clinical studies based on improvements on memory and cognitive measures.

Scientific Background & Program History.  SAβo are widely recognized as the primary neurotoxins responsible for the acute cognitive deficits and progressive neurodegeneration in Alzheimer’s disease.  SAβo are non-fibrillic assemblies of Aβ peptides, and are distinct from protofibrils, fibrillar Aβ, and β-amyloid plaques.  Brain levels of sAβo are 3-8 orders of magnitude lower than levels of β-amyloid plaques or monomeric Aβ.  They are elevated in the Alzheimer’s brain, and studies suggest a correlation between levels of sAβo and cognitive deficits in Alzheimer’s.  SAβo bind with high affinity to mature synapses, most likely to a small number of highly selective neuronal receptors.  Binding to these receptors interferes with normal neuronal function leading to memory loss and neurodegeneration.  Because sAβo are present at concentrations that are 3-8 orders of magnitude lower than non-toxic monomeric and fibrillar Aβ, they are an optimal immunotherapeutic target.  However, because only approximately 0.1-0.2% of peripherally administered antibodies cross the blood-brain-barrier and reach the brain, brain exposure of peripherally administered antibodies may limit their therapeutic efficacy.  Acumen is pursuing intrathecal delivery of ACU-193 to ensure therapeutic levels of the drug candidate reach the brain and achieve effects.

Effects of sAβo.

Inhibition of long-term potentiation

Tau missorting in cell bodies and dendrites

Disappearance of dendritic spines

Tau hypo-phosphorylation

Elevation of intracellular calcium

Increased Tau targeting kinases

Increased cytosolic calcium

Decreased microtubules

Increased missorted neurofilaments

Decreased mitochondria density

Acumen pioneered research on sAβo.  The company’s anti-sAβo antibody program was licensed to Merck & Co. in 2003 for significant upfront and milestone payments.  ACU-193 is a third generation product of the ~8 year/~$70M partnership with Merck.  Merck advanced the program to a late preclinical development stage.  In November 2011, as part of Merck’s restructuring following its merger with Schering Plough, Acumen reacquired all rights to the program including ACU-193, backup molecules, and substantial IP with no financial or take-back rights obligations to Merck.

ACU-193 Details.  

  • Humanized, affinity-matured, IgG2 monoclonal antibody with uniquely high selectivity for sAβo.

  • Prevents binding of sAβo to neurons and sAβo toxic effects at synapses.

  • Brain penetration, target engagement and robust biochemical and behavioral efficacy demonstrated in mouse models of Alzheimer’s.

  • Excellent pharmacokinetics, bio-distribution and brain penetration demonstrated in 4 animal species.

  • Excellent safety profile in exploratory studies in rhesus monkeys.

  • GMP production cell lines and the necessary analytics established.

  • Drug delivery collaboration with Medtronic for direct brain delivery.

  • Companion diagnostic biomarker assay established.

  • Composition of matter and use patent protection through 2030.

Current Financing Needs

Investment of $8M brings ACU-193 to IND in ~18 months; incremental investment of $22M brings ACU-193 through clinical proof of concept in Alzheimer’s by 2018.

Acumen seeks potential partners and investors to accelerate development of ACU-193 and an associated companion diagnostic for Alzheimer’s.

Current Timeline

18 months to IND, 20 months to completion of Phase 1A/B clinical trials; 24 months to completion of Phase 2A Proof-of-Concept clinial trails.  ACU-193 is expected to deliver acute behavioral benefits and chronic disease modification benefits:

  • ACU-193 is expected to show behavior benefits within 3 months

  • POC for acute clinical benefits via Aricept/Memantine like clinical trials

Current Investors

Investors.

  • Biotechnology Value Fund

  • NeuroVentures Fund

  • Individuals

IP Status

Composition of matter and use patents for ACU-193 and backup antibodies run through 2030; and further IP protection is available.

Recent Milestones

Acumen’s soluble Aβ oligomer selective antibody shows more robust behavioral and biochemical efficacy in transgenic mouse models of Alzheimer’s disease than that reported for any Aβ immunotherapy in clinical testing.

Management Team Highlights

Acumen Pharmaceuticals
Senior Business and Corporate Adviser 

Mr David Olson United States

IMS Health Capital (IMSHC) is a niche life-science focused investment bank which manages financing transactions, and advises on M&A and licensing/partnering transactions.

IMS Health Capital (IMSHC) is a fully owned subsidiary of IMS Health, Inc. (www.imshealth.com) and affiliated with IMS Consulting Group (www.imscg.com).

IMSHC has privileged access to a vast array of IMS Health’s resources and connections and can help prepare a compelling value proposition and put you in touch with the right interested parties.  Our team has extensive life-science industry experience and can provide support at any and all stages of the transaction process.  Unlike most investment banks or business development consultants, IMSHC has immense strategic partnering capabilities and can work with companies on both partnering and financing efforts.  Given our unique positioning and access to a vast array of information and relationships, we see a high volume of opportunities.

IMSHC is a SEC/FINRA licensed broker dealer and a wholly owned subsidiary of IMS Health, Inc.  IMS Health Inc. is publicly traded on the NYSE under the ticker “IMS”, and is the world’s leading information, services and technology company in the Life Sciences sector.  Customers of IMS Health’s data and consulting services include most of the top names in pharmaceutical, medical device and consumer health manufacturers and distributors, providers, payers, government agencies, policymakers, researchers and the financial community (www.imshealth.com).

Website:
www.imscg.com
Service Provider Type
Unique Capabilities
Life-Science focused and IMS Health resources
Mr David Olson
IMS Health Capital, Inc.
LinkedIn logo COO & CCO 

Nandan Padukone United States

Joslin Diabetes Center is a foundation based in Boston, Massachusetts that was founded in 1898, and is the world's largest diabetes and clinical care organization.

Joslin Diabetes Center
Vice President, Office of Commercialization & Ventures 

Filippo Petralia United States

IMS Health Capital (IMSHC) is a niche life-science focused investment bank which manages financing transactions, and advises on M&A and licensing/partnering transactions.

IMS Health Capital (IMSHC) is a fully owned subsidiary of IMS Health, Inc. (www.imshealth.com) and affiliated with IMS Consulting Group (www.imscg.com).

IMSHC has privileged access to a vast array of IMS Health’s resources and connections and can help prepare a compelling value proposition and put you in touch with the right interested parties.  Our team has extensive life-science industry experience and can provide support at any and all stages of the transaction process.  Unlike most investment banks or business development consultants, IMSHC has immense strategic partnering capabilities and can work with companies on both partnering and financing efforts.  Given our unique positioning and access to a vast array of information and relationships, we see a high volume of opportunities.

IMSHC is a SEC/FINRA licensed broker dealer and a wholly owned subsidiary of IMS Health, Inc.  IMS Health Inc. is publicly traded on the NYSE under the ticker “IMS”, and is the world’s leading information, services and technology company in the Life Sciences sector.  Customers of IMS Health’s data and consulting services include most of the top names in pharmaceutical, medical device and consumer health manufacturers and distributors, providers, payers, government agencies, policymakers, researchers and the financial community (www.imshealth.com).

Website:
www.imscg.com
Service Provider Type
Unique Capabilities
Life-Science focused and IMS Health resources
IMS Health Capital, Inc.
Associate 

Sergei Petukhov United States

Enso Ventures is a Venture Capital firm that was founded in 2010 and based in London with an additional office in New York. The firm is looking to provide equity capital to high growth companies in the life science space. The firm is currently interested in companies located in Europe, Russia and the US and is looking to make approximately 2-3 investments over the next 6-9 months.

Enso Ventures
Partner 

Vinzenz Ploerer United States

Brace Pharmaceuticals is based in Rockville, MD, and is a strategic investment company formed by Brazil-based pharma company EMS S/A. Brace investment structure varies depending on a company’s development stage; for early-stage opportunities Brace typically makes equity investments and may syndicate with other investors, whereas for clinical-stage opportunities Brace is more likely to form strategic partnerships that involve rights to an asset. Brace is open to considering therapeutic opportunities globally, but only if the company is pursuing the US market.

Brace Pharmaceuticals invests in therapeutics; about 80% of the firm’s investments are in clinical-stage assets, with a preference for companies with some human proof-of-concept data; the remaining 20% of investments are made in preclinical opportunities. Drug-device combinations will also be considered, but Brace does not invest in diagnostics. The firm will invest in both small and large molecules, and has a strong preference for investing in orphan drugs and other niche disease areas. It is preferred that indications have validated clinical endpoints and can be studied using small trials. Indications that require large clinical trials, including as cardiovascular diseases and primary care indications (such as influenza) will not be considered.

Brace Pharmaceuticals
President & CEO 

Hjalmar Pompe van Meerdervoort United States

VisionScope Technologies (VSI) is an early stage medical device company utilizing state of the art video hardware, micro-optics (1.4mm) and advanced computational software to bring arthroscopic imaging to the surgeon’s office. The company’s VisionScope Imaging (VSI) system brings gold standard accuracy into the clinic, providing surgeons with direct visualization of patients’ joint space – views that could previously only be achieved in the operating room – providing better outcomes at a lower cost to both MRI and OR based diagnostics.

 Benefits of VSI:    

·     High definition quality of a VSI diagnostic can eliminate the need for a MRI and rule out OR based diagnostic surgery

·     More detailed and accurate than a MRI for joint conditions

·     Significantly reduces the cost of care for individuals and overall healthcare systems

·     Patient centric exam – the patient participates in treatment discussion

Website:
www.myvsi.com
Year Founded
2007
Main Sector
Medtech Subsector
Medtech Phase of Development
Technology Overview
A needle endoscope (1.4mm diameter) houses a miniature fiberscope which allows complete inter-capsular diagnostics in a physician office setting. The endoscope is gently inserted into the joint space (capsule) with pictures and video projected onto a monitor for both the physician and patient to observe. The diagnostic takes place in an office exam room with only a local anesthesia (Lidocaine.) The exam takes less than 10 minutes and requires no stitches or recovery time.
Alliance & Collaborations
None
Supporting Metrics or Evidence
A multi-center, prospective, blinded clinical trial compared the accuracy and efficacy of VSI to MRI and surgical arthroscopy in the diagnosis of knee pathologies. The results: VSI is statistically equivalent to surgical diagnostic arthroscopy (the gold standard) and significantly more detailed and accurate than MRI.
Current Financing Needs
Seeking equity investments
IP Status
24 Issued patents on the core technology
Recent Milestones
Pivotal trial presentation at AOSSM (American Orthopaedic Society for Sports Medicine)
Management Team Highlights
The leadership team has substantial orthopedics and med tech experience at Zimmer, Stryker, J&J DePuy (Hand Innovations), Intuitive Surgical and J&J Mitek (Innovasive Devices)
VisionScope Technologies
CEO 

Stephen Porter United States

Advances in synthetic chemistry and drug screening techniques have flooded the pharmaceutical industry with potential new drugs. At the same time, industry consolidation and financial pressures on R&D budgets have reduced the ability of biotech and pharmaceutical companies to develop early stage drugs. As a result of these market forces, large pharmaceutical companies have restricted their drug development activities to "blockbuster" drugs ($1 billion revenues) with proven efficacy. Promising early-stage drugs developed in emerging biotech and pharmaceutical companies, and university research laboratories are being shelved. 
VDDI Pharmaceuticals has been formed to capitalize on these opportunities. The Company will license attractive product development opportunities from academic institutions, biotech firms and pharmaceutical companies. VDDI Pharmaceuticals will focus on pharmaceutical product opportunities where general proof-of-principle has already been established in pre-clinical or human testing, and where the products are novel and offer significant potential advantages to products currently in the market or in development. VDDI Pharmaceuticals will pursue early-stage products qualifying for fast track approval, primarily in the areas of cancer, cardiovascular disease and infectious disease and develop the products through Phase II of the required regulatory approval processes. The developed products will be licensed to existing pharmaceutical companies for product marketing, thereby generating license fees and ongoing royalties for VDDI Pharmaceuticals.

As its name suggests, VDDI Pharmaceuticals utilizes a virtual business model. Virtual drug development entails: (i) a small core group of employees responsible for strategic management, regulatory strategy, and financial control, (ii) outsourcing all non-core business functions, including preclinical and clinical drug development, and (iii) electronic data capture and data submission to regulatory authorities. By adopting this model, VDDI Pharmaceuticals believes it can reduce total drug development program costs by at least 25% and development times by up to 50%.

Year Founded
2000
Biotech Subsector
Biotech Phase of Development
Technology Overview
Rhabdomyolysis results from muscle injury that leads to the release of myoglobin, which is then deposited in the kidney; acute renal failure (ARF) results.
Alliance & Collaborations
Heyuan Co-Source, Hefei, PRC for xemilofiban only. Vanderbilt University for PIP Inhibitors
Current Financing Needs
$2.5 M
Current Timeline
Orphan Designation 1Q 2015, FIle SBIR/STTR APril 5, 2015, Pre-IND work June 2015 FIle IND July 2016, Sept, 2016 Phase I
Current Investors
$14 Million for previous assest and xemilofiban and $375 SBIR STTR NIH for PIP inhibitor program. Angels and NIH SBIR/STTR
IP Status
Patent and application serial numbers 8,367,669, 13/759,987, 61/761,182
Recent Milestones
VDDI Vanderbilt Option Agreement Signed Dec 2013
Management Team Highlights
R. Stephen Porter, Pharm. D. - Chairman, CEO and President: Dragon Bio-Consultants ,Therapeutic Antibodies, Am. Cyanamid
VDDI Pharmaceuticals
President, CEO 

Sofie Qiao United States

WuXi Venture Fund is the corporate venture arm of WuXi AppTec, a multinational CRO based in Shanghai China with multiple offices across China and the United States. The fund makes equity investments into technology and life science companies to enhance or leverage WuXi AppTec's platform capabilities. The investment size will be varied based on a case-by-case basis. The firm invests in life science companies across the globe with an emphasis in China and the US.

WuXi Venture Fund
Managing Director