Biogen, gene-editing startup Scribe to
develop therapies for Lou Gehrig's disease
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[October 09, 2020]
(Reuters) -
U.S. drugmaker Biogen Inc and gene-editing startup Scribe
Therapeutics Inc will jointly develop therapies for treating underlying
genetic causes of amyotrophic lateral sclerosis (ALS), a fatal
neurological disorder better known as Lou Gehrig's disease. |
A sign marks a Biogen facility, some of whose employees have tested
positive for the coronavirus after attending a meeting in Boston, in
Cambridge, Massachusetts, U.S., March 9, 2020. REUTERS/Brian Snyder |
Scribe, co-founded by Jennifer Doudna, an early pioneer of the
CRISPR gene-editing technology, said on Tuesday it would receive
$15 million upfront and potentially over $400 million in
milestone payments from Biogen.
Gene-editing tools such as CRISPR/Cas9 have been hailed as
technologies that can rearrange the genetic code to potentially
treat diseases driven by genetic mutations or abnormalities.
Scribe, backed by investors including top Silicon Valley venture
capital firm Andreessen Horowitz, aims to custom engineer novel
CRISPR molecules for gene editing.
ALS, often called Lou Gehrig's disease after the New York
Yankees player who was diagnosed with the disease, is a rare
progressive condition that attacks cells located in the brain
and spinal cord.
There are no treatments for the underlying cause of the disease,
and current therapy focuses on slowing down the progression of
symptoms.
Biogen suffered a setback https://reut.rs/3nxGFGy in 2013 after
a promising experimental drug for ALS failed to work in a
clinical trial.
(Reporting by Manas Mishra in Bengaluru; Editing by Ramakrishnan
M.)
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