TORONTO and VANCOUVER, CANADA (January 12, 2016) — A novel drug therapy to reduce the severity and frequency of hypoglycemic (low blood sugar) episodes in people with diabetes is being developed by Zucara Therapeutics Inc.
This new start-up company, created by MaRS Innovation and The Centre for Drug Research and Development (CDRD) is based on decades of diabetes research by renowned University of Toronto (U of T) professor, Dr. Mladen Vranic.
Zucara Therapeutics will attend Does of the Valley in February 2016. The announcement was covered in TechVibes.
Zucara aims to develop a long-term therapeutic approach to prevent hypoglycemia in people with diabetes who are insulin-dependent; and in pre-clinical models, the company’s lead candidate shows great promise in restoring the body’s natural regulation of low blood sugar and reducing the severity or frequency of hypoglycemia.
Hypoglycemia is the limiting factor in successfully managing diabetes with insulin. Severe hypoglycemic episodes and resulting complications including cardiovascular effects, can be life threatening, and significantly affect both patients’ quality of life and the cost of care. Currently, no preventative therapy for hypoglycemia exists, leaving patients to rely on rescue therapies, such as glucose or glucagon, which can only be used after the patient is already suffering from a potentially dangerous hypoglycemic episode.
Dr. Mladen Vranic (Banting and Best Diabetes Center and professor emeritus in the Faculty of Medicine at U of T) and his research team developed compelling evidence that pancreatic cells, which regulate hypoglycemia by secreting glucagon, are impaired in diabetes by high somatostatin levels. His discovery, which was developed in collaboration with Drs. Michael Riddell (York University) and David Coy (Tulane University) uses novel molecules that block somatostatin receptors to restore the normal glucagon response to hypoglycemia which occurs commonly with insulin treatment in patients with diabetes.
“With years of scientific investigation and strong, validated evidence behind this technology, we are now preparing to move into human trials and make a real difference for patients suffering from hypoglycemia,” said Dr. Vranic.
“This new therapy has the potential to eliminate the fear of hypoglycemia in patients with diabetes,” said Riddell, professor, School of Kinesiology and Health Science, Faculty of Health, York University. “This could be the first drug therapy to successfully address this unmet need, greatly improving the standard of care and reducing the burden of living with this disease.”
MaRS Innovation provided early assistance that enabled the investigators to begin to translate the academic research into a promising commercial technology, and partnered with Vancouver-headquartered CDRD which led the pre-clinical drug development work, successfully advancing the technology and enabling the establishment of Zucara.
“Zucara is developing what could be the next successful diabetes drug from Toronto-based researchers,” said Dr. Raphael Hofstein, president and CEO, MaRS Innovation. “Dr. Vranic was a post-doctoral fellow in the lab of Dr. Charles Best, the co-discoverer of insulin, before going on to an illustrious career in diabetes research. One of his many discoveries led to the creation of Zucara. By incorporating the company, we are one step closer to bringing this promising technology to patients while further building the Canadian health sciences industry and maximizing the economic and societal return on public investments in health research.”
“The launch of Zucara Therapeutics is an excellent example of how many partners can work together, leveraging complementary strengths, and sharing risk and reward to translate and commercialize an innovative and much-needed therapeutic,” says Karimah Es Sabar, president and CEO of CDRD. “We are extremely proud of the work the CDRD team did to successfully incubate the technology and co-lead commercialization efforts alongside our partner MaRS Innovation.”
Dr. Richard Liggins, CDRD Project Champion and Zucara Chief Scientific Officer added, “We believe this potential new therapy represents an important opportunity to overcome the largest barrier to safe and effective management of diabetes with insulin; and we now look forward to building this exciting new Canadian health sciences company.”
The technology’s development has been financially supported by MaRS Innovation, the JDRF, the CDRD Innovation and CDRD-Genome British Columbia Development Funds, and Proof of Principle Funds from both the CIHR and the Ontario Centres of Excellence.
About Zucara Therapeutics
Zucara Therapeutics, a spin-off company from the University of Toronto and York University, created in partnership with MaRS Innovation and The Centre for Drug Research and Development (CDRD), is a new company with a novel drug therapy to help prevent hypoglycemia in people with diabetes. It is advancing novel technology that is showing promise as a long-term therapeutic approach to prevent hypoglycemia in people with diabetes who are insulin-dependent.
About MaRS Innovation
MaRS Innovation is the commercialization agent for 15 leading academic institutions in Ontario. It provides investors and licensees with a single point through which to access technology assets emerging from its members, who receive $1.4 billion in annual research and development funding. Supported by the Government of Canada through the Networks of Centres of Excellence, by the Government of Ontario through the Ontario Centres of Excellence, and by its 15 member institutions, MI is a transformational partnership that turns research strengths into commercial opportunities. MI advances portfolio assets into global markets through industry partnerships, licensing and company creation.
About The Centre for Drug Research and Development (CDRD)
Headquartered in Vancouver, The Centre for Drug Research and Development (CDRD) is Canada’s national drug development and commercialization engine. We work in partnership with academia, industry, government and foundations, and provide the specialized expertise and infrastructure to identify and de-risk promising discoveries, and transform them into commercially viable investment opportunities for the private sector – and ultimately into innovative new therapies for patients. In doing so, CDRD is actively growing our national health sciences industry into a wholly-optimized generator of economic prosperity for the country. Canada’s Networks of Centres of Excellence Program has recognized CDRD as a Centre of Excellence for Commercialization and Research (CECR).