Candidates Targeting Parkinson's Disease and ALS Advance in Discovery Phase

The Life Sciences Report |

Source: Streetwise Reports   06/26/2018

In a June 26 press release, ProMIS Neurosciences Inc. (PMN:TSX; ARFXF:OTCQB) announced it has advanced antibody candidates against a pair of targets suspected to cause neurodegenerative disease to the second phase of its discovery platform. The targets are "aggregated, toxic oligomers of alpha-synuclein, implicated in the development of Parkinson's disease (PD), as well as TDP43 (TAR DNA binding protein), implicated in the development of ALS [amyotrophic lateral sclerosis],"according to the release.

The company's lead candidate, PMN310, targets Alzheimer's disease, also a prominent neurodegenerative indication.

In the announcement, ProMIS' chief science officer, Dr. Neil Cashman, explained the company's two-phase discovery platform.

"The first stage involves predicting novel epitope targets and using these to generate large numbers of candidate antibodies. The second stage is to validate selectivity, functional activity, and select the best leads," Cashman stated.

The press release notes "hundreds of monoclonal antibodies have been generated against these predicted disease-specific epitopes and ProMIS has now begun the validation and prioritization process to select therapeutic candidates displaying an ideal, highly selective product profile against these targets."

Noting progression into the second phase of discovery complies with the company's corporate strategy, ProMIS executive chairman Gene Williams stated, "We are actively pursuing discussions with large pharma regarding partnering of these two new toxic oligomer programs."

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( Companies Mentioned: PMN:TSX; ARFXF:OTCQB, )

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