Colorado-based Cetya Therapeutics (“Cetya”) is part of InSynchrony Ventures’ investment portfolio and we are excited to share that they were recently awarded a Small Business Technology Transfer (STTR) grant of $240,000. This grant will act to further the reach of Cetya’s $220,000 funding round, led by InSynchrony Ventures and finalized in May 2017. Dean Wenham, the CEO of InSynchrony Ventures, serves on Cetya’s board of directors and believes this grant will be key to developing this innovative class of drugs.
The STTR grant focuses on funding one of Cetya’s technologies as a potential preventative treatment for sickle cell disease. Promising early data suggests this technology may specifically upregulate fetal hemoglobin. Fetal hemoglobin varies significantly from the altered form found in those with sickle cell disease, and even small increases in fetal hemoglobin have been found to provide a lifetime decrease in the symptoms of the disease. Cetya may be able to develop a potential preventative treatment for this painful, chronic, and common genetic illness.
With the funds from this STTR grant, Cetya and their research partners at Boston University and Colorado State University will analyze the effects of this unique technology on cells taken from sickle cell patients. In conjunction with the “smart funding” provided by InSynchrony ventures earlier this year, Cetya is poised to perform the necessary research to bring their innovative preventative treatment for sickle cell disease to the pipeline as well as further their HDAC program in their lead program for oncology.
We announced our participation in the seed financing of Atriva Therapeutics back in July and are delighted to draw your attention to a news release from the co-lead investor High-Tech Gründerfonds (HTGF).
Atriva was founded in 2015 by a leading team of viral research scientists in Tübingen, Germany to repurpose MEK inhibitors as potential anti-viral drugs. Their lead product, ATR-002, is an optimized MEK inhibitor to treat acute influenza in high-risk patients. It’s on a fast-track development plan, and has just passed a major preclinical milestone confirming the drug as a clinical candidate. This financing will give ATR-002 the fuel needed to reach clinical proof of concept by late 2019, and marks the first of Atriva’s innovative medicines to reach clinical development.
We at InSynchrony Ventures are excited to be part of this breakthrough program and we will keep you updated as the program advances.
For any questions regarding InSynchrony Ventures, please contact us at firstname.lastname@example.org
Following the creation of InSynchrony Ventures in 2016 and the announcement of our new strategic investment vehicle in April 2017 (http://www.insymbiosis.com/blog-posts/introducing-insymbiosis-strategic-investment-vehicle/) we are now excited to launch the InSynchrony Ventures website.
InSynchrony Ventures is a strategic investment vehicle that specializes in funding earlier staged biopharma companies with assets that are between preclinical and early clinical phases of development. We strongly believe in combining investment capital, drug development expertise and the right timing in order to provide early staged assets with the best chances of success. Therefore, we strongly collaborate with InSymbiosis, a collaborative drug development company previously founded by Dr Dean Wenham (and founder of InSynchrony Ventures) in order to inject expert drug development skills and a very unique outsourcing model alongside the capital provided by InSynchrony Ventures.
So far, we have invested in 5 companies located in both the US and Europe and covering the areas of oncology, infectious disease, mens health and fibrosis. We are further evaluating many additional investment opportunities and our target is to invest in 3 and 5 companies each year.
Previous investment news related to InSynchrony Ventures can be found on the InSymbiosis website (http://www.insymbiosis.com/blog/) but going forward, InSynchrony Ventures will host is own blog and news flow from our new website.
To find out more about InSynchrony Ventures we welcome you to reach out via info@Insynchronyventures.com or submit a project via our website.
Dean Wenham, PhD
Partner and CEO of InSynchrony Ventures Inc
Copyright © 2017 InSynchrony Ventures. All rights reserved. Creation by Netfolie.com