MARLBOROUGH, Mass., May 3, 2016 /PRNewswire/ -- RXi
Pharmaceuticals Corporation (RXi) (NASDAQ: RXII) and privately-held Thera Neuropharma, Inc. (Thera) announced today that they
have entered into an exclusive license agreement for RXi's novel and proprietary sd-rxRNA® platform to develop therapeutics for
neurodegenerative diseases.
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Under the terms of the agreement, Thera will be responsible for all research, development, manufacturing, regulatory and
commercialization activities for the licensed products. The initial focus of the agreement will be on sd-rxRNA compounds
targeting superoxide dismutase 1 (SOD1) for use in developing innovative treatments for amyotrophic lateral sclerosis (ALS),
commonly known as Lou Gehrig's disease. Furthermore, there are potential synergies between RXi's
SOD1 sd-rxRNA compounds and Thera's small molecule regenerative therapeutics (SMRT), to target multiple factors involved in the
pathogenesis of ALS. During the past several months, the companies have jointly filed provisional patents on the mechanism
of action of the combined compounds for the management of neurodegenerative diseases associated with SOD1.
"We are pleased to announce this licensing deal with Thera for our SOD1 targeting sd-rxRNA compounds," said Dr. Geert Cauwenbergh, President and CEO of RXi Pharmaceuticals. He added that, "Building on the early work that
was done at RXi in collaboration with Dr. Robert Brown, Chair of the Department of Neurology at
the University of Massachusetts Medical School, we are happy to provide Thera with access to our
robust self-delivering RNAi technology platform to develop therapeutics targeting SOD1. Thera has a management team and
Scientific Advisory Board with a deep knowledge of ALS in particular, and neurodegenerative diseases in general, that well
positions the company for success."
Dr. Antonella Favit-VanPelt, President and CEO of Thera Neuropharma echoes Dr. Cauwenbergh's
remarks highlighting the breakthrough nature of the deal. "We are excited about the opportunity to leverage RXi's and Thera's
technologies and strengthen significantly our development efforts in CNS. Tackling ALS and other neurodegenerative diseases with
RNA-based and small molecule therapeutic approaches," added Dr. Favit-VanPelt, "dramatically increase the possibility to bring
tangible and decisive therapeutic interventions to ALS patients and others with incurable neurodegenerative disorders."
RXi's novel and proprietary self-delivering RNAi (sd-rxRNA®) compounds are designed with unique features that result in robust
cellular uptake and target-specific mRNA reduction. RXI's most advanced sd-rxRNA compound, RXI-109, is currently in Phase 2 human
clinical trials for dermal scarring and Phase 1/2 human clinical trials for subretinal fibrosis associated with late stage
age-related macular degeneration.
RXi's SOD1-targeting sd-rxRNA compounds share similar cellular uptake features with RXI-109 and have been found to
successfully enter the cells of the spinal cord and brain when administered by intrathecal injection in rodent. SOD1 protein
misfolding is one of the key contributing factors associated with ALS progression and reduction of SOD1 levels by sd-rxRNA
treatment could provide therapeutic benefits. Thera Neuropharma's broad-spectrum neuroprotective agents are small molecule
compounds shown to be well tolerated in vivo and designed to up-regulate critical cell functioning pathways. Thera's
clinical candidates have a direct effect on protecting motor neurons against protein misfolding and oxidative toxicity. Their
neuroprotective and regenerative effects are achieved by inducing axonal regeneration, thus restoring the viability of the
neuronal network and activating modulatory/compensatory mechanisms that delay progression of ALS symptoms.
About Amyotrophic Lateral Sclerosis (ALS)
ALS, sometimes called Lou Gehrig's disease, is a rapidly progressive, invariably fatal
neurological disease that attacks the nerve cells (neurons) responsible for controlling voluntary muscles (muscle action we are
able to control, such as those in the arms, legs, and face). The disease belongs to a group of disorders known as motor neuron
diseases, which are characterized by the gradual degeneration and death of motor neurons. More than 12,000 people in the U.S.
have a definite diagnosis of ALS, for a prevalence of 3.9 cases per 100,000 persons in the U.S. general population, according to
a report on data from the National ALS Registry. ALS is more common among white
males, non-Hispanics, and persons aged 60–69 years, but younger and older people also can develop the disease. Men are affected
more often than women. ALS causes weakness with a wide range of disabilities. Eventually, all muscles under voluntary control are
affected, and individuals lose their strength and the ability to move their arms, legs, and body. When muscles in the diaphragm
and chest wall fail, people lose the ability to breathe without ventilatory support. Most people with ALS die from respiratory
failure, usually within 3 to 5 years from the onset of symptoms. However, about 10 percent of those with ALS survive for 10 or
more years.
About Thera Neuropharma
Thera Neuropharma is a wholly owned affiliate of Synaerion Therapeutics, a privately held biotechnology company founded by Dr.
Antonella Favit-VanPelt (President & CEO) and Mr. Guy Maestre
(COO). Thera is developing a new class of disease-modifying small molecules for the treatment of neurologic disorders, initially
focusing on Amyotrophic Lateral Sclerosis (ALS) and eventually expanding to traumatic brain injury (TBI), Alzheimer's disease
(AD) and multiple sclerosis (MS). Our technology, licensed from Southern Research in Birmingham,
AL, is the first and only small molecule regenerative therapy (SMRT) technology that uncovers the therapeutic potential of
a dual-target approach that leverages the direct activation of the nuclear factor - κB p65 (NF-κB p65) subunit and the increase
of manganese superoxide dismutase (MnSOD) expression. Thera's small molecules appear to be effective through the simultaneous
mitigation of a) oxidative toxicity, b) cell dysfunction, and c) neurotransmission deficit. The multifactorial effect of our
compounds translated in the animal model through symptomatic improvement (over 50% reduction in weight loss and over 65% improved
neurologic scores), delayed disease progression (higher than 60% permanence at milder disease stages), and increased survival
rate: (over 50% increase survival in SOD1 G93A animals treated at disease onset). Thera's broad-spectrum neuroprotective and
regenerative compounds exert their potential disease modification effects by protecting neurons against cell toxicity, inducing
brain network regeneration, and maintaining functionality by delaying the progression of symptoms of ALS and TBI. Thera has
established a number of partnerships to advance our discovery and research program. Thera is also implementing a strong discovery
program and we have established important collaborations with Southern Research, Alabama, and
the Vlaams Instituut voor Biotechnologie, Belgium, to advance research on our technology
platform and small molecule portfolio. Thera offers a unique investment opportunity and we welcome parties interested in
investing, strategic partnerships, and collaborations. For more information on Thera Neuropharma, visit our website at www.theraneuro.com
About RXi's Proprietary Self-delivering RNAi (sd-rxRNA®) Platform
Building on the pioneering work of Dr. Craig Mello, Nobel Laureate and RXi's Scientific
Advisory Board Chairman, scientists at RXi developed novel sd-rxRNA compounds where drug-like properties are built into the RNAi
compound itself. These proprietary compounds are novel RNAi compounds with enhanced properties for therapeutic use
including: efficient spontaneous cellular uptake, stability, reduced potential for immune stimulation, and potent,
long-lasting intracellular activity. All cell types tested (primary, neuronal and non-adherent) internalize sd-rxRNA
compounds uniformly and efficiently, resulting in potent and long lasting silencing. Efficient cellular uptake is observed
both in vitro and in vivo, including into tissues such as skin and retina following local administration, and liver following
systemic delivery. RXI-109, an sd-rxRNA compound is designed to silence connective tissue growth factor (CTGF), which plays
a key role in tissue regeneration and repair. RXI-109 is currently being evaluated in two clinical trials. A Phase 1/2
clinical study, RXI-109-1501, is underway to evaluate the safety and clinical activity of RXI-109 to prevent the progression of
retinal scarring, a harmful component of numerous retinal diseases. In addition, a Phase 2 clinical trial, RXI-109-1402, is
currently evaluating RXI-109 as a treatment to reduce the recurrence of hypertrophic scars following scar revision surgery.
Over 100 subjects have been treated with RXI-109 by intradermal injection in all trials to date. Multiple intradermal injections
were well tolerated at all dose levels. RXI-109 was shown to cause a dose-dependent silencing of CTGF messenger RNA and
protein levels in the treated areas of the skin compared to placebo and preliminary results from Phase 2a studies indicate a
clinical effect on scar appearance.
About RXi Pharmaceuticals Corporation
RXi Pharmaceuticals Corporation (NASDAQ: RXII) is a clinical-stage RNAi company developing innovative therapeutics in
dermatology and ophthalmology that address significant unmet medical needs. Building on the pioneering work of RXi's
Scientific Advisory Board Chairman and Nobel Laureate Dr. Craig Mello, our discovery and clinical
development programs are based on our proprietary RNAi (sd-rxRNA) platform and Samcyprone™, a topical immunomodulator. Our
clinical development programs include RXI-109, an sd-rxRNA, for the treatment of dermal and ocular scarring, and Samcyprone™ for
the treatment of such disorders as warts, alopecia areata, non-malignant skin tumors and cutaneous metastases of melanoma.
RXi's robust pipeline, coupled with an extensive patent portfolio, provides for multiple product and business development
opportunities across a broad spectrum of therapeutic areas. We are committed to being a partner of choice for academia, small
companies, and large multinationals. We welcome ideas and proposals for strategic alliances, including in- and out-licensing
opportunities, to advance and further develop strategic areas of interest. Additional information may be found on the Company's
website, www.rxipharma.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. Such statements include, but are not limited to, statements about: our ability to successfully develop RXI-109, Samcyprone™
and our other product candidates (collectively "our product candidates"); the future success of our clinical trials with our
product candidates; the timing for the commencement and completion of clinical trials; our ability to enter into strategic
partnerships and the future success of these strategic partnerships; and our ability to deploy our sd-rxRNA® technology through
partnerships, as well as the prospects of these partnerships to provide positive returns. Forward-looking statements about
expectations and development plans of RXi's product candidates and partnerships involve significant risks and uncertainties,
including the following: risks that we may not be able to successfully develop and commercialize our product candidates; risks
that product development and clinical studies may be delayed, not proceed as planned and/or be subject to significant cost
over-runs; risks related to the development and commercialization of products by competitors; risks related to our ability to
control the timing and terms of collaborations with third parties; and risks that other companies or organizations may assert
patent rights preventing us from developing or commercializing our product candidates. Additional risks are detailed in our
most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q under the caption "Risk Factors."
Readers are urged to review these risk factors and to not act in reliance on any forward-looking statements, as actual results
may differ from those contemplated by our forward-looking statements. RXi does not undertake to update forward-looking statements
to reflect a change in its views, events or circumstances that occur after the date of this release.
Contact
RXi Pharmaceuticals Corporation
Tamara McGrillen
508-929-3646
tmcgrillen@rxipharma.com
Thera Neuropharma, Inc.
Guy Maestre
610-761-7311
maestre@theraneuro.com
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