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Posts Tagged ‘inv:Kleiner-Perkins-Caufield-and-Byers’

TODAY’S HEADLINES:

trius-logo-150px.gifTrius Therapeutics raises $30M for new antibiotics – Trius Therapeutics, a San Diego startup developing new treatments for antibiotic-resistant infections, raised $30 million in a second funding round. Investors included Kleiner, Perkins, Caufield & Byers, FinTech Global Capital, Sofinnova Ventures, Versant Ventures, Interwest Partners and Prism VentureWorks.

Trius said the funding will allow it to push its new treatment, an oxazolidinone antibiotic it calls TR-701, into late-stage human tests. The drug, which is intended for drug-resistant staphylococcus and similar infections, is currently in early-stage, phase I trials. Unlike many other new antibiotics, which must usually be taken intravenously, the Trius drug can be taken as a pill.

genomas-logo.gifGenomas gets $1.2M grant for genomic side-effect tests – Genomas, a Hartford, Conn., personalized-medicine startup, received a $1.2 million small business-innovation grant from the NIH. The grant will fund genetic work aimed at identifying people who are most likely to suffer painful side effects from cholesterol-lowering statin drugs.

Statins — particularly Pfizer’s Lipitor, the best-selling drug on the market today — have built up a formidable reputation based on studies that showed they could prevent fatal heart attacks. More recently, however, critics of the drugs have pointed out that stopping one heart attack requires close to 100 people to take the drugs regularly, putting new attention on statin side effects, which can range from painful muscle aches and weakness to memory loss. The Genomas test is intended to reveal whether an individual patient is likely to experience those nerve and muscle effects, known technically as statin-induced neuromyopathy.

(UPDATED: See below.)

navigenics_logo.jpgSo at long last, one of the personal-genomics companies we’ve been writing about since May has finally launched its service. Navigenics, the Redwood City, Calif., startup that promises users a “personalized genetics analysis” so they can better manage their health risks, kicked off its business yesterday with a drum-rolling press release and a story clearly handed to the WSJ. (For a non-subscription version, click here.)

Except that, as it turns out, Navigenics hasn’t really launched anything. Yes, the company announced that it’s raised a second round of funding, for a total of more than $25 million — more on that below, including the fact that I’m told Google has also quietly invested in Navigenics — but neither its release nor its Web site provide any details on what its genetic-testing service will look like, what it will cost, or how individuals can order it. According to Amy DuRoss, the company’s head of business affairs, Navigenics won’t actually start offering genetic-test results until the first quarter of next year, so if you were hoping to jump on the personal genomics bandwagon now, you’d better brace yourself for disappointment.

What Navigenics is doing, according to DuRoss, is taking pre-orders for the testing service, which will essentially scan your genome for individual DNA “letters” (technically, nucleotides or base pairs) that differ from those in established “reference” genomes. Scanning several million of these single-nucleotide polymorphisms, or SNPs, should give you a shorthand read of your individual genetic variation. Studies of SNPs and how they differ in people prone to one disease or another are starting to roll out with great regularity, providing for the first time a solid scientific basis for linking your particular genetic profile to disease risk.

Navigenics, however, doesn’t plan to give you full access to that readout. Instead, as I noted earlier, the company will store your gene profile and then provide you with carefully limited information that essentially amounts to particular genetic tests that it believes have been medically validated. Even then, it will only offer them for conditions that can be treated or prevented. (In other words, you probably shouldn’t count on learning whether you have Huntington’s disease here.) Over time, as more of these genetic variations are linked to disease risk, Navigenics will tell you how your genome stacks up.

All this comes at a cost, and while it’s nowhere near as expensive as it earlier sounded like it might be, it’s still not remotely cheap. Pricing still isn’t final, but the company’s DuRoss says an initial registration fee will run around $2,500 and will cover a year of the Navigenics service. Additional years will probably be priced at around $250. That makes Navigenics’ offering substantially more expensive, at least in the short run, than most individual genetic tests you can order directly from companies like DNAdirect. (The main exception is the breast-cancer test for the BRCA1 and BRCA2 gene variants, which can cost upward of $3,000 thanks to the extortionate price charged by the patent holder, Myriad Genetics. No word yet on how Navigenics plans to finesse that fee, or whether it thinks it can sidestep it.)

DuRoss says Navigenics will initially offer about 20 tests, although if you’re curious which ones those will be — well, you’ll just have to wait. It’s not even exactly clear how the company will begin to take “pre-orders” for the service, given that the Web site still doesn’t feature any information on the subject beyond an email link through which people can request more information.

By the way, DuRoss also says that Navigenics doesn’t plan to lock away your genetic information, as I earlier suggested. Supposedly the company will supply “raw” genetic data to individuals upon request, although exactly how and in what format it might do so wasn’t entirely clear from our conversation. (DuRoss talked about the raw data as a dump equivalent to 2,000 printed pages, which isn’t a particularly useful way of thinking about it.) It still sounds to me as if Navigenics is counting on locking its customers into its service as much as possible, although over time, perhaps it will be possible to transfer your genome scan to another service. A lot will depend on the details of how all this gets implemented, and as you have probably gathered by now, most of those still simply aren’t available.

In other words, it still sounds a lot more like corporate genomics than personal genomics to me. Personally, I’m not that excited about a service that’s going to decide when and how to dole out my own genetic information to me in the form of limited genetic tests. That sort of approach made perfect sense when it simply wasn’t possible to economically look at more than a handful of genes at a time, but since that’s no longer the case, I don’t really see any excuse for a company planning take in these sorts of sums from customers to arrogate to itself what parts of my genome I’m entitled to look at. This makes me all the more curious to see what sort of tack the much buzzier 23andMe (see links to our previous coverage here) ends up taking on this front.

Speaking of 23andMe, the Google-backed startup now may launch its similar personal-genomics service — one combining both disease and genealogical information — by the end of the year, according to the WSJ. Although 23andMe has been quieter than Navigenics, its profile has been higher because of the Google involvement and because its co-founder Anne Wojcicki is married to Google co-founder Sergey Brin.

Recently, though, an individual familiar with the deal told me that Google has also quietly invested in Navigenics, although neither company will comment. That would make sense given that Navigenics also just lined up another 23andMe investor, Mohr Davidow Ventures, for its second funding round. (Kleiner Perkins Caufield and Byers and Sequoia Capital also participated.) Earlier this year, it looked like 23andMe and Navigenics were linking up powerful backers for a horse race; now, though, I’m starting to suspect that a lot of investors are simply hedging their bets — Google, apparently, among them.

UPDATED: Added another several paragraphs and the rumor on Google’s investment in Navigenics.
UPDATE REDUX: Upgraded sourcing on the Google info, which comes from someone with first-hand knowledge of the deal. Of course, no one is officially confirming it yet.

Featured companies: Ablynx, Bind Biosciences, Maas Biolab, Oriel Therapeutics, ThromboVision, Xcellerex

(UPDATED: See below.)

xcellerex-logo.jpgContract biomanufacturer Xcellerex pulls in $31M — Marlborough, Mass.-based Xcellerex, a startup that provides contract “bioprocess” development and manufacturing, raised $31 million in a third funding round. Investors included VantagePoint Venture Partners, Kleiner Perkins Caufield and Byers, and SCG Investments.

Xcellerex develops modular “turnkey” manufacturing systems for complex biomolecules such as the proteins, peptides, antibodies and nucleic acids used in biotech drugs and vaccines. The company doesn’t, however, appear to name any of the corporate partners for which it is presumably providing these services.

maas-biolab-logo.jpgMaas Biolab receives $2.1M grant for potential Lou Gehrig’s treatment — Maas Biolab, an Albuquerque, N.M., company focused on turning the older immunosuppressive drug cyclosporine into a treatment for Lou Gehrig’s disease, received a $2.1 million grant to further its work. The National Institute of Neurological Disorders and Stroke provided the funding.

Maas believes that cyclosporine is a neuroprotective drug and says that it extends the lives of mice with amyotrophic lateral sclerosis, the technical name for Lou Gehrig’s disease. The company’s experimental drug Mitogard is a proprietary form of cyclosporine specifically intended for adminstration into cerebrospinal fluid. It’s not clear from the Maas Web site if it developed Mitogard or licensed it from elsewhere. The drug is not yet in clinical trials; Maas says the drug will undergo “dose escalation” and “pharmacokinetics” studies — that is, work to ascertain its dose-effectiveness and the way it is distributed and then broken down and eliminated by the body — in order to enable an application for human tests.

bind-bioscience-logo.jpgNanopartical startup Bind Biosciences hooks $2M award for targeted drugs — Bind Biosciences, a Cambridge, Mass., biotech developing nanoparticles capable of ferrying drugs to specific locations in the body, received a $2 million grant to further its work. NIST provided the funding.

Bind Biosciences is one of several startups hoping to tailor the biological, physical and chemical properties of nanoparticles in ways that will cause them to hone in on particular tissues or protein targets. By attaching drug molecules to these nanoparticles, it should theoretically be possible to turn them into a new version of “smart-bomb” targeted therapies. Other startups at work in this space that we’ve written about include Tempo Pharmaceuticals and Carigent Therapeutics (see our coverage here and here).

oriel-logo.jpgOriel Therapeutics raises undisclosed sum for new drug inhaler — Oriel Therapeutics, a Research Triangle Park, N.C., device maker focused on a new form of inhaler, raised an undisclosed sum in a third funding round, VentureWire reports (subscription required). The investment was lead by New Leaf Venture Partners; the company declined to disclose other investors or the amount. Oriel claims to be developing a new type of “active” inhaler for drugs for asthma or lung disease.

OTHER HEADLINES OF NOTE:

UPDATE: Expanded items on Xcellerex, Maas Biolab, Bind Biosciences, and Oriel Therapeutics.

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