The Needle Issue #7

10 Jun
Juan-Carlos-Lopez
Juan Carlos Lopez
Andy-Marshall
Andy Marshall

Ex vivo HSC lentiviral gene therapies have been on the market for nearly a decade, with six products approved and at least 55 now in clinical testing for rare inherited diseases, HIV infection or cancer. And yet, their commercial success remains in question. Bluebird Bio—which was valued at $10 billion only a few years ago and successfully shepherded to market Zynteglo against transfusion-dependent β-thalassemia, Skysona for early cerebral adrenoleukodystrophy, and Lyfgenia for sickle-cell disease (SCD)—was sold earlier this year to private-equity firms Carlyle and SK Capital for a measly $29 million. Last November, the company had treated only 57 patients (35 for Zynteglo; 17 for Lyfgenia and 5 for Skysona), with just 28 of 70 medical centers across the US ready to treat patients due to delays in accreditation and training of personnel. In Europe, Orchard Therapeutics halted marketing and production of a treatment for severe combined immunodeficiency caused by adenosine deaminase mutations (Strimvelis) after six years, forcing Fondazione Telethon to take over production. Even market uptake of Vertex’s much-heralded CRISPR/Cas9 BCL11a SCD therapy Casgevy has been sluggish.

These subpar commercial launches relate to the complexity of ex vivo lentiviral gene therapy: patient identification and qualification is lengthy; HSC mobilization and sourcing efficiencies vary due to patient heterogeneity; and manufacture and distribution processes remain lengthy and convoluted (sometimes requiring repetition if a poor quality product batch is generated). From first evaluation, patients are required to make several hospital visits over a period (of up to a year) and must undergo punishing conditioning regimes with lymphodepletive bisulfan before infusion, which itself carries infertility and cancer risks. All of these challenges have added impetus to the search for alternative and more efficient approaches for carrying out HSC gene therapy.

A group led by Alessio Cantore and Luigi Naldini, from the San Raffaele Telethon Institute for Gene Therapy in Milan, Italy, report in Nature that it may be possible to obviate these challenges by delivering recombinant lentiviral vectors in vivo soon after birth, when HSCs continue to circulate in the bloodstream in large numbers and are beginning their transition from the liver (where they are located in the fetus) to bone marrow (where they remain through adulthood).

Cantore, Naldini and their colleagues started by measuring the number of circulating HSCs in neonatal, 1-, 2- and 8-week-old mice, looking at the peripheral blood, spleen, liver and bone marrow. They found that HSCs were present in the circulation right after birth and that their number immediately declined. These cells could be transduced with lentiviruses, successfully engrafted, and persisted in the mice for several months.

To show that these HSCs could be harnessed to treat genetic disorders, the team tried to correct three mouse models of disease — adenosine deaminase deficiency, autosomal recessive osteopetrosis and Fanconi anemia. Although the therapeutic effect of the cells varied depending on the disease, the results provided compelling evidence for the potential for in vivo gene transfer to HSCs.

The authors reported that human neonates also have circulating HSCs in high numbers. And although the therapeutic window in the mouse only existed during the neonatal period, it was possible to lengthen it by mobilizing the HSCs from their niche in two-week-old animals using protocols in clinical use (granulocyte-colony stimulating factor/CXCR4 antagonist Plerixafor) These observations raise the possibility of therapeutically targeting HSCs in newborns, potentially opening the gates to treatment of a variety of inherited conditions.

Compared with the headaches of ex vivo manipulation, the authors’ concept of simply injecting a lentiviral gene therapy into a newborn to bring about a genetic cure is certainly alluring. But reducing this to clinical practice will require optimization of many different factors. How to account for the heterogeneity and fragility of patient HSCs in a particular disease? How to measure the cellular activation/metabolic state of HSCs in newborns and assess the affect on amenability to lentiviral transduction in the hostile milieu of blood? What effect would shear stress in circulation have on lentiviral transduction efficiencies in situ? What would be the selective engraftment advantage provided to HSCs after engraftment of a particular gene? And what would be the potential safety implications of off-target transduction events in cells other than HSCs, given instances of dysplastic syndromes have been reported with ex vivo lentivectors?

Current ex vivo lentiviral gene therapy like Lyfgenia and Zynteglo infuse between 3–5×106 gene-modified CD34+ HSCs/kg in a patient. The challenge for in vivo lentiviral gene therapy will be to achieve transduction efficiencies that transduce as many cells and obtain similar engraftment rates in the rapidly turning over HSC population. Beyond these issues, there are additional practical challenges: can genetic testing of an infant happen fast enough to take advantage of the short therapeutic window for which an in vivo lentiviral HSC therapy could work?

Clearly, the new work raises many intriguing questions for the lentiviral gene therapy space. And for newborns with genetic diseases, such as severe immunodeficiencies or Fanconi anemia, in vivo HSC gene therapy may open up new treatment options.

Hot Investor Mandate: Venture Arm of Global Pharma Invests in Life Science and Healthcare Companies, With Strong Interest in Women’s Health Solutions

10 Jun

A venture arm of an international pharmaceutical company is committed to advancing healthcare innovation globally. The firm identifies, supports, and invests in transformative technologies that align with the parent company’s strategic vision of improving health and quality of life. 
 
The firm seeks opportunities in therapeutics, diagnostics, digital health, and medical devices, with a particular emphasis on products and innovations that can expand the parent company’s Women’s Health portfolio. The organization is especially interested in solutions that improve the healthcare journey for women and address gaps in existing therapeutic and diagnostic options. 

The firm is open to collaborations in addition to investments, including partnerships with companies whose products are already on the market and are looking to expand into new geographies. Leveraging the parent company’s extensive global network, the firm aims to help these companies access new markets and scale their impact. 
 
The firm supports management teams with diverse expertise and a strong commitment to innovation. While a proven track record in the life sciences is advantageous, the firm is eager to collaborate with promising teams developing solutions aligned with the parent company’s strategic priorities. The venture is open to co-investment opportunities with partners who share its vision. 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Hot Investor Mandate: VC in Middle East Makes Pre-Seed and Seed Stage Investments in Medical Device, Diagnostics, and Digital Health Companies

10 Jun

A venture capital firm headquartered in Israel typically invests at the earliest stages of pre-seed or seed. The firm aims to promote Jewish-Arab collaboration and support companies in their earliest stages. The firm is currently investing from their second fund and typically makes 5-7 investments per calendar year. The firm has invested in over 20 companies out of this current fund. The firm prefers to invest within Israel, however, the firm is open to making investments globally. 
 
The firm invests in medical device, therapeutics, and diagnostics. The firm is modality- and indication- agnostic. The firm does not invest in digital health. 
 
The firm has no strict team requirements. 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Hot Investor Mandate: Multinational Life Sciences Corporation Invests and Partners With Diagnostics, Life Science Tools, and Techbio Companies in US and Europe

10 Jun

A U.S.-headquartered multinational life sciences corporation develops, manufactures, and sells reagents, instruments, and provides services for the research, diagnostic, and bioprocessing markets. The firm is actively seeking opportunities aligned with its current pipeline and business, such as life science tools and services, diagnostics, spatial biology, and tech-bio. The firm primarily focuses on mergers and acquisitions, but equity investments are also possible. For equity investments, the sweet spot is around Series A and the firm prefers co-investment opportunities and may seek board or observer seats on a case-by-case basis. The firm is primarily interested in opportunities based in the U.S. and Europe. 
 
The firm is focused on tools and services, diagnostics, spatial biology, and tech-bio, such as platforms that enhance biopharma R&D and academic research. Technologies or products with strong strategic alignment to the corporation are preferred. The firm prioritizes companies that have a working prototype and ideally are already on the market, generating revenue. However, for equity investments, earlier-stage disruptive technologies may also be considered. 
 
The firm does not have specific requirements regarding a company’s founding team. 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Hot Investor Mandate: Early-Stage Focused VC Firm Invests in Devices, Diagnostics, and Digital Therapeutics Companies in the US 

10 Jun

A venture capital firm invests primarily in very early-stage companies, from pre-seed to seed stages. The firm’s average check size ranges from $250,000 to $500,000. While the firm is focused on the US, particularly in the West Coast, it remains open to global opportunities. The firm is flexible in both lending and co-investing and may seek an observer seat on a case-by-case basis. The firm plays an active role in supporting its portfolio companies, assisting them with concept validation, clinical trials, and navigating reimbursement and regulatory pathways. The firm also provides resources to help companies gather data and evidence for their minimum viable products. 
 
The firm is interested in opportunities across digital therapeutics, diagnostics, and medical devices. Some key indication areas of interest include cardiovascular, metabolic, diabetes, nephropathy, and women’s health. The firm typically focuses on less traditional pharma products, such as compounds and cell-based therapies. The firm prefers to engage with companies at an early stage and will consider those with at least a minimum viable product. 
 
The firm does not have specific requirements for a company’s founding team. However, the firm prefers companies based in the U.S. or those with incentives to relocate to the U.S. 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Hot Investor Mandate: Healthcare Business of Large Corporation Seeks Medical Devices, Diagnostics, and Digital Health Companies Across the Globe 

3 Jun

A global corporation and integrated business enterprise is interested in expanding the healthcare business and increasing its presence in the US. The firm seeks to make engage with early and mid-stage healthcare companies through strategic investment, partnerships, and more. The firm is open to global opportunities. 
 
Within life sciences and healthcare sectors, the firm is most interested in medical devices, diagnostics, digital health, and healthcare services. Within medtech, the firm focuses on surgical applications, respiratory/anesthesia, radiology, cardiology, etc. In digital health, technologies addressing areas such as virtual care providers, wellness management, etc. that could benefit the aging population are of interest. The firm is can partner with companies across a wide stage of development, from companies still developing a prototype to those who are already on the market. The firm does not invest in biotech or pharmaceutical companies. 
 
The firm has no specific company or management team requirements. The firm is interested in companies who are looking to enter the Asian market, and can help support the companies in navigating regulatory hurdles by leveraging their own regulatory team. The firm can act as a lead or co-investor. 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com

Hot Investor Mandate: Boutique VC Firm With Evergreen Fund Invests in Therapeutics and Medical Devices, Generally in Series A and B Rounds 

3 Jun

A boutique venture capital firm manages an evergreen USD fund. The fund focuses on healthcare industry, generally participating in Series A or B rounds but would also consider seed and growth-stage funding. Typical equity investment size ranges from $3-5M. The firm is open to both leading and co-investing. The firm is actively seeking new opportunities from across the world with a focus on companies in China, U.S., Europe, and Israel. The firm helps portfolio companies get into massive and fast-growing markets of China and Asia, and assists Chinese companies to expand abroad. 
 
The firm is most interested in biopharma, biotechnology, medical devices, artificial intelligence. Within medtech, the firm is seeking post-prototype innovations that are FDA cleared or are close to receiving clearance. Within therapeutics, the firm is interested in therapeutics for large disease markets such as oncology, neurology, and metabolic diseases. The firm is open to all modalities with a special interest in immunotherapy and cell therapy. 
 
The firm is in search of ambitious companies with strong, experienced management teams. The firm takes a hands-on approach to portfolio companies and can work with incomplete teams. The firm can contribute expertise in essential services: branding, marketing, channel development, overseas expansion, human resources and finance. 
 

If you are interested in more information about this investor and other investors tracked by LSN, please email salescore@lifesciencenation.com