Neurotrope Enters Collaborative Agreement with Icahn School of Medicine at Mount Sinai for use of Bryostatin-1 in the Treatment of Niemann-Pick Disease Type C
– Neurotrope enters into world-wide, exclusive license agreement with Mount Sinai; Files related provisional patent for Bryostatin-1 –
Plantation, FL. – July 15, 2014 – Neurotrope Bioscience, Inc., a subsidiary of Neurotrope, Inc. (OTCQB: NTRP) has signed a world-wide, exclusive license agreement with the Icahn School of Medicine at Mount Sinai (Mount Sinai) to utilize its proprietary information and data package for the use of Bryostatin-1 in the treatment of Niemann-Pick Type C Disease (NPC). This development program is being conducted in partnership with Dr. Yiannis Ioannou, Professor of Genetics and Genomic Sciences at Mount Sinai. In addition, the Company has applied, on behalf of itself and Mount Sinai, for a provisional patent with the U.S. Patent and Trademark Office to protect their ability to use and commercialize bryostatin technology for this disease indication.
“I am very excited to be working with Neurotrope on both the development of Bryostatin-1 for the treatment of Niemann-Pick Type C Disease as well as other lysosomal storage disorders,” stated Dr. Ioannou.
“We are extremely pleased that Mount Sinai and Dr. Ioannou wish to participate in this important development program for Bryostatin-1,” stated Dr. James New, President and Chief Executive Officer of Neurotrope. “The submission of our joint provisional patent application further supports our belief in the therapeutic potential of bryostatin and expands our clinical pipeline.”
Under the terms of the agreement, Neurotrope will pay Mount Sinai an up-front licensing fee, an annual maintenance fee and future payments based upon predetermined product development milestones. Furthermore, the Company will pay Mount Sinai a portion of consideration received from sub-licensees and a royalty on commercial net sales of products. The agreement was negotiated by Mount Sinai Innovation Partners which facilitates the real-world application and commercialization of Mount Sinai discoveries and the development of research partnerships with industry.
Dr. Ioannou is currently in negotiations with Neurotrope to provide compensated consultancy services.
About Niemann-Pick Type C Disease (NPC)
NPC is part of a group of inherited metabolic disorders known as lysosomal storage diseases. Lipids (fatty materials such as waxes, fatty acids, oils, and cholesterol) and proteins are usually broken down into smaller components to provide energy for the body. In NPC, harmful quantities of lipids accumulate in the spleen, liver, lungs, bone marrow, and the brain. Symptoms may include lack of muscle coordination, brain degeneration, eye paralysis, learning problems, loss of muscle tone, increased sensitivity to touch, spasticity, feeding and swallowing difficulties, slurred speech, and an enlarged liver and spleen. There is currently no cure for NPC. Children usually die from infection or progressive neurological loss. NPC affects approximately 3,000 people in the United States, many of which are children and has been designated Orphan Drug Status by the FDA.
About Dr. Yiannis Ioannou and his Mount Sinai Lab
Dr. Ioannou is a Professor of Genetics and Genomic Sciences at the Icahn School of Medicine at Mount Sinai, New York. He is an internationally recognized molecular geneticist and cell biologist and an expert on the biology, function and diseases of the endosomal/lysosomal system and in particular disorders that affect the central nervous system. Dr. Ioannou has more than 25 years of experience in drug development for rare diseases and he is the co-developer of the FDA-approved enzyme replacement therapy for Fabry’s disease. He is also a co-founder of Dual Therapeutics, a highly innovative R&D company focused on the development of small molecule activators of tumor suppressor proteins with anti-tumor activity.
Currently his group, using the rare neurodegenerative lipidosis Niemann-Pick type C disease as a model, is developing alternative approaches to treat diseases that are not amenable to protein replacement therapy due to central nervous system involvement. Utilizing novel approaches they have developed a new paradigm for addressing these disorders and are currently developing a number of small drug-like compounds with disease-modifying potential.
Dr. Ioannou earned his B.S. in Biology at Baruch College and his PhD in Human & Molecular Genetics at the Mount Sinai School of Medicine.
Neurotrope was formed in October 2012 to develop and market two product platforms: a drug candidate called bryostatin for the treatment of Alzheimer’s disease, and; a minimally invasive biomarker analysis system for the diagnosis of this disease. A Phase 2a study with bryostatin in the treatment of Alzheimer’s disease is scheduled to commence in July 2014. Both of these programs are being progressed in collaboration with the Blanchette Rockefeller Neurosciences Institute (BRNI), which has licensed this technology to Neurotrope. The Company is also leveraging several other proprietary research advances developed at BRNI targeted at high value central nervous system disorders that present neurodegeneration as a core part of their pathology. Both the preclinical and clinical efforts of Neurotrope are focused on the development of conventional small molecules that are extraordinarily potent in the activation of the enzyme PKCepsilon, which has been shown to play a central role in orchestrating the expression of a number of neurotrophic proteins that aid the process of neuroregeneration. More technical information on this promising approach to treat a variety of neurodegenerative diseases can be found on the Company’s website.
Please visit www.neurotropebioscience.com for further information.
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