Arv­inas has inked an­oth­er Big Phar­ma part­ner­ship to get their pro­tein degra­da­tion en­gines revving — for both hu­mans and crops.

All told, the Ger­man con­glom­er­ate is wa­ger­ing $115 mil­lion on the po­ten­tial of Arv­inas’ tech plat­form, which us­es an E3 lig­ase to tag tar­get pro­teins with an ubiq­ui­tin, flush­ing these dis­ease cul­prits down the cell’s nat­ur­al “garbage dis­pos­al.” And Bay­er is in for the whole pack­age, with a col­lab­o­ra­tion, an eq­ui­ty in­vest­ment and a joint ven­ture in play.

A har­bin­ger of the pro­tein degra­da­tion space, Arv­inas comes of age as peers at C4 Ther­a­peu­tics and Kymera al­so gains pop­u­lar­i­ty among the likes of Bio­gen, Ver­tex and Glax­o­SmithK­line. Com­pared to the tra­di­tion­al in­hi­bi­tion ap­proach, get­ting rid of prob­lem­at­ic pro­teins promis­es to be a much more durable so­lu­tion for dis­eases like can­cer.

Jo­erg Moeller Linkedin

“Be­cause PRO­TACs don’t in­hib­it the tar­get pro­tein’s en­zy­mat­ic ac­tiv­i­ty, but bind their tar­gets with high se­lec­tiv­i­ty, it may be pos­si­ble to re­tool pre­vi­ous­ly in­ef­fec­tive in­hibitor mol­e­cules as PRO­TACs for next-gen­er­a­tion med­i­cines for pa­tients,” Jo­erg Moeller, Bay­er’s head of R&D, said in a state­ment.

On the ther­a­peu­tic side, Bay­er’s to­tal com­mit­ment — up­front, R&D sup­port plus eq­ui­ty — amounts to $60 mil­lion. It gets them the rights to nov­el lead struc­tures Arv­inas gen­er­ates in the process but doesn’t cov­er the ad­di­tion­al $685 mil­lion in po­ten­tial mile­stone pay­ments.

The pact will span car­dio­vas­cu­lar, on­co­log­i­cal and gy­ne­co­log­i­cal dis­eases.

The oth­er $55 mil­lion in the deal goes, in the course of six years, to a joint ven­ture set up to ex­plore how Arv­inas’ tech­nol­o­gy can tack­le the weeds, in­sects or dis­eases en­dem­ic in agri­cul­ture. Where pre­vi­ous crop pro­tec­tion ef­forts have suc­cumbed to re­sis­tance, pro­tein degra­da­tion may be able to re­vive them, the part­ners said.

John Hous­ton Arv­inas

“As the first com­pa­ny found­ed to ex­plore tar­get­ed pro­tein degra­da­tion, we’ve been ex­cit­ed about the po­ten­tial to im­prove the lives of pa­tients since our in­cep­tion,” said Arv­inas CEO John Hous­ton. “This col­lab­o­ra­tion en­ables us not on­ly to ex­pand our plat­form in­to new ther­a­peu­tic ar­eas, but al­so be­gins a new jour­ney in ap­ply­ing our ap­proach to agri­cul­ture.”

The cash ex­changed trumps pre­vi­ous part­ner­ships, in which Genen­tech and Pfiz­er paid less to get dis­cov­ery al­liances start­ed but pledged biobucks, great­ly rais­ing Arv­inas’ pro­file be­fore it even got in­to the clin­ic. Its lead ther­a­py in prostate can­cer is now in Phase I tri­als.

Im­age: Shut­ter­stock

Versant is once again stepping off the beaten track in biotech to see if they can blaze a trail of their own in a field that has looked too thorny to many investors for years.

The venture group and their partners at Apple Tree are bringing their latest creation out of stealth mode today. Born in Versant’s Inception Sciences’ Chinook Therapeutics is betting that its preclinical take on kidney disease can get an early lead among the companies starting up in the field.

Using a laptop borrowed from his former employer, South London’s St George’s Hospital, Sir Andrew Dillon set about establishing NICE — launched by the then health secretary Frank Dobson — in 1999.  On Thursday, the UK cost-effectiveness watchdog said its first and only chief executive — Dillon — is stepping down in March 2020.

Back in the day, decisions about which drugs and interventions were funded by the National Health Service (NHS) were made at the local level, but this ‘postcode prescribing’ system was fraught with skewed healthcare deployment making the structure unsustainable. A national system was deemed necessary — and NICE was formed to bridge that gap.

With a breakthrough designation in one hand and a fresh $53 million in venture backing in the other, Somerville, MA-based Finch Therapeutics is taking a shot at a one-trial pathway to a possible FDA OK for their new treatment for preventing recurrent C. difficile infections.

The funding brings their total raise for the microbiome company to $130 million, CEO Mark Smith tells me — enough money to pave a runway past the FDA approval they’ve sketched into the most optimistic version for their near-term future.