BioAge Labs Announces Multi-Year Collaboration with Novartis to Discover Novel Targets for Therapies that Address Age-Related Diseases and Conditions
18 Dicembre 2024 - 3:00PM
BioAge Labs, Inc. ("BioAge"), a clinical-stage biopharmaceutical
company developing therapeutic product candidates for metabolic
diseases by targeting the biology of human aging, today announced a
multi-year research collaboration with Novartis. The collaboration
aims to identify and validate multiple novel therapeutic drug
targets by investigating the biological mechanisms that drive
diseases related to aging and mediate the beneficial effects of
physical exercise.
"Our platform, built on extensive longitudinal
human longevity data, has allowed us to identify promising
therapeutic pathways with significant potential to improve health
outcomes,” said Kristen Fortney, CEO and co-founder of BioAge.
“This collaboration with Novartis showcases the value of our
platform and expands our capacity to discover and develop novel
targets based on the insights from our data."
The collaboration will leverage BioAge’s
extensive proprietary human longevity datasets and Novartis
expertise in exercise biology. BioAge's proprietary discovery
platform is based on exclusive access to longitudinal human aging
cohorts followed for up to 50 years, combining detailed health
records and functional measurements. Applying advanced analytics
and machine learning techniques to this rich dataset enables BioAge
to identify determinants of healthy lifespan, providing an engine
for therapeutic discovery and development.
“We are excited to collaborate with BioAge,
applying their human longevity data together with our scientific
expertise in the biology of physical exercise to discover novel
therapeutic targets,” said Michaela Kneissel, Global Head of
Diseases of Aging and Regenerative medicine (DARe) at Novartis
Biomedical Research. “By exploring the intersection of human aging
biology and the biological drivers of the beneficial effect of
physical exercise, we aim to bring forward novel treatment options
for diseases related to aging.”
“The collaboration between Novartis and BioAge
underscores the growing recognition that unraveling the biology of
aging is a powerful approach to treating disease,” said Peng Leong,
PhD, MBA, CBO and Head of Brain Aging at BioAge. “This
collaboration represents a significant opportunity to accelerate
our development of a broad portfolio of transformative therapies
targeting novel mechanisms identified by our platform, dramatically
expanding our therapeutic reach and benefiting patients across
multiple indications.”
Under the terms of the agreement, BioAge will
receive upfront payments and research funding of up to $20 million,
plus up to $530 million in future long-term research, development,
and commercial milestones. Novartis and BioAge each have the right
to advance novel targets discovered under the collaboration and are
each eligible to receive reciprocal success milestones and tiered
royalties.
About BioAge Labs, Inc.
BioAge is a clinical-stage biopharmaceutical
company developing therapeutic product candidates for metabolic
diseases by targeting the biology of human aging. BioAge’s lead
product candidate, azelaprag, is an orally available small molecule
agonist of APJ that was observed to promote metabolism and prevent
muscle atrophy on bed rest in a Phase 1b clinical trial. BioAge is
also developing orally available small molecule brain penetrant
NLRP3 inhibitors for the treatment of diseases driven by
neuroinflammation. BioAge’s preclinical programs, based on novel
insights from the company’s discovery platform built on human
longevity data, address key pathways in metabolic aging.
Forward-looking statements
Statements in this press release about future
expectations, plans and prospects, as well as any other statements
regarding matters that are not historical facts, may constitute
"forward-looking statements." These statements include, but are not
limited to, statements relating to anticipated preclinical and
clinical development activities, timing of announcements of
clinical results, trial initiation, and regulatory filings,
potential benefits of azelaprag and the Company’s other product
candidates and platform, the potential and timing of future
milestone payments under the agreement with Novartis, and potential
market opportunities for azelaprag and BioAge’s other product
candidates. The words "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "potential,"
"predict," "project," "should," "target," "will," "would" and
similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. Actual results may differ materially from
those indicated by such forward-looking statements as a result of
various important factors, including: BioAge’s ability to advance
its product candidates, the timing and results of preclinical and
clinical trials, the Company’s ability to fund development
activities and achieve development goals, the Company’s ability to
protect intellectual property, the Company’s commercial
collaborations with third parties, the potential impact of global
business or macroeconomic conditions, and the sufficiency of
BioAge’s cash, cash equivalents and investments to fund its
operations, and other factors discussed under the heading "Risk
Factors" section of documents BioAge files from time to time with
the Securities and Exchange Commission. Any forward-looking
statements contained in this press release are based on the current
expectations of BioAge's management team and speak only as of the
date hereof, and BioAge specifically disclaims any obligation to
update any forward-looking statement, whether as a result of new
information, future events or otherwise.
ContactsPR: Chris Patil,
media@bioagelabs.com IR: Elena Liapounova, ir@bioagelabs.com
Partnering: partnering@bioagelabs.com Web:
https://bioagelabs.com
Grafico Azioni BioAge Labs (NASDAQ:BIOA)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni BioAge Labs (NASDAQ:BIOA)
Storico
Da Gen 2024 a Gen 2025