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biOasis Technologies Ord Shs V.BTI.H

Alternate Symbol(s):  BIOAF

Bioasis Technologies Inc. is a Canada-based biopharmaceutical company focused on research and development of technologies and products intended for the treatment of patients with nervous system, including central nervous system, diseases and disorders. The Company is engaged in the development of its xB 3 platform, which is a peptide-based technology, for the transport of therapeutic agents, in particular biological products, across the blood-brain barrier (BBB). It is focused on both orphan drug indications, including brain cancers, and rare genetic neurodegenerative diseases and neuroinflammatory conditions. The Company is also focused on its Epidermal Growth Factor (EGF) platform for treating rare and orphan neurodegenerative and neuroinflammatory disorders. EGF is a protein that stimulates cell growth and differentiation, notably for myelin producing cells. Its development programs include xB3-001: Brain Metastases, xB3-002: Glioblastoma and xB3-007: Neurodegenerative Disease.


TSXV:BTI.H - Post by User

Comment by JDavenporton May 23, 2022 9:55am
256 Views
Post# 34701973

RE:Neuramedy - NM-101 in IND preperation

RE:Neuramedy - NM-101 in IND preperation
The situation with Neuramedy ("NM") seems quite straight forward, LOOPA441. I'm not going to spend too much time on it. I think this article provides a pretty good starting point.
 
NM is trying to treat Parkinson's disease (and multiple system atrophy) with tomaralimab. NM-101 appears to be straight up tomaralimab and is in preclinical development, maybe. Here's what I think may be the situation.
 
Many neurodegenerative diseases, including Parkinson's disease (PD), cause damage to the blood-brain barrier. As with Biogen and its aducanumab, NM seems to be depending on BBB leakage to get some NM-101 into the brain. It's probably not been very successful so NM turned to Aptamer Sciences to see if an aptamer shuttle could deliver tomaralimab across the BBB. 
 
NM's drug, NM-301, appears to be the aptamer version of tomaralimab. Because NM has now turned to Bioasis and xB3, I would suggest that NM is not satisfied with the aptamer technology, or at least, wants to test xB3-NM-101 alongside NM-301.
 
NM-101 has not been submitted to the FDA for IND approval. If NM ultimately decides to advance an xB3 version of tomaralimab, then an IND submission is a long ways off. Frankly, I don't see an IND submission for anything in NM's pipeline for a year or two.
 
Tomaralimab works by blocking toll-like receptor 2 (TLR2). Toll-like receptors mediate inflammation with TLR2 being associated with the inflammatory processes leading to Lewy  body development in PD. The idea is that if TLR2 is blocked then the inflammatory processes linked to the diseases may be mitigated, preventing or delaying the development of the diseases.
 
To me, there seem to be parallels between the blocking of inflammatory processes with tomaralimab and the blocking of IL-1R inflammatory processes with xB3-004 (IL-1Ra). Besides the low valuation of the NM/Bioasis deal, I don't really like how the NM deal puts Neuramedy in a space similar to one of Bioasis's spaces. But in fairness, I haven't looked at the TLR2 vs IL-1Ra situation deeply enough to compare what their outcomes might be and whether they might conflict in any significant manner.
 
jd
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