Vik Bajaj. Foresite Labs

Vik Ba­jaj un­veils Fore­site's new in­cu­ba­tor, look­ing to hatch fu­ture gi­ants cross­ing tech and health­care

When it comes to har­ness­ing da­ta for health­care and the life sci­ences, a rich in­fra­struc­ture of ex­pan­sive da­ta col­lect­ed and mea­sured with the right tools are es­sen­tial to un­cov­er new in­sights and ad­vance new prod­ucts. And to build that, you need ac­cess to di­verse tal­ents backed by a pa­tient in­vestor.

Jim Tanan­baum

Just ask Vik Ba­jaj. The for­mer UC Berke­ley re­searcher first left acad­e­mia for Ver­i­ly, Google’s for­ay in­to life sci­ences, where he saw the meth­ods of mar­ry­ing com­pu­ta­tion and bi­ol­o­gy were near­ing ma­tu­ri­ty. Af­ter a few years as CSO there he moved on to Grail work­ing to­wards the ear­ly de­tec­tion of can­cer — an­oth­er da­ta in­ten­sive en­deav­or — be­fore land­ing his cur­rent role as man­ag­ing di­rec­tor of Fore­site Cap­i­tal.

Yet in spite of all the progress he’s seen and helped prop­a­gate, it’s not quite there yet. There is still a gap be­tween what’s cur­rent­ly avail­able and what he sees as a trans­for­ma­tion in health­care en­abled by the in­for­ma­tion rev­o­lu­tion.

“Re­al­ly what we per­ceive — and ob­vi­ous­ly I’m not alone in stat­ing this — is that there is an eco­nom­ic cri­sis in our health­care sys­tem where we are spend­ing so much of our na­tion­al prod­uct on health­care and yet we have out­comes that are ac­tu­al­ly in de­cline in many pop­u­la­tions,” Ba­jaj told End­points News. “And we think that there are many ways to make that in­dus­try more ef­fi­cient and more re­spon­sive to the needs of its pa­tients, but ob­vi­ous­ly this idea of us­ing da­ta sci­ence, the pow­er of mea­sure­ments, of un­der­stand­ing of ex­per­i­ments is fun­da­men­tal to gen­er­at­ing re­li­able ev­i­dence that will solve some of these large health­care prob­lems.”

The no­tion is what spurred him and Fore­site CEO Jim Tanan­baum to launch Fore­site Labs, an en­tre­pre­neur­ial in­cu­ba­tor de­signed to nur­ture some of the foun­da­tion­al com­pa­nies at the nexus of da­ta sci­ence and health­care.

Fore­site Labs re­moves three of the biggest bar­ri­ers for star­tups in this space, ac­cord­ing to Ba­jaj: It of­fers a pool of pub­lic and pro­pri­etary datasets, which would be ex­pen­sive for any one com­pa­ny to gen­er­ate; an analy­sis plat­form con­sist­ing of the lead­ing tools to aid with clin­i­cal ap­pli­ca­tion of da­ta; as well as a sea­soned team of 20-plus — be­tween the Boston and San Fran­cis­co of­fices — to of­fer sci­en­tif­ic, tech­ni­cal and busi­ness sup­port. As part of that, they al­so hook com­pa­nies up with part­ners for re­sources such as lab space.

Cor­re­spond­ing­ly, he sees three types of ven­tures that would ben­e­fit the most from their in­cu­ba­tion — and that they would be most in­ter­est­ed in.

The first in­volves ther­a­peu­tic op­por­tu­ni­ties cen­tered around func­tion­al ge­nomics; the sec­ond group build the in­fra­struc­ture need­ed for clin­i­cal de­vel­op­ment us­ing re­al-world ev­i­dence; the third cat­e­go­ry would look in­to per­son­al­ized health­care de­liv­ery based on in­di­vid­ual as­sess­ment of dis­ease risk.

Out­side of these high lev­el de­tails, though, he’s let­ting lit­tle else slip about what Fore­site Labs has been work­ing on over the past year. The cap­i­tal Fore­site has to de­ploy, the num­ber of ven­tures they would back at any one time, the ca­pa­bil­i­ties they are con­sid­er­ing adding — these are all stay­ing un­der wraps.

One thing we know, though, is that Fore­site has plen­ty of fire­pow­er and pa­tience to seed com­pa­nies where they see po­ten­tial. Last May the firm closed its fourth fund at a record $668 mil­lion and vowed to beef up their ma­chine learn­ing chops to en­able bet­ter in­vest­ment de­ci­sions.

“We’re get­ting in­to this area where we be­lieve through long ex­pe­ri­ence has tremen­dous po­ten­tial,” he said. “But it’s a po­ten­tial that will be re­al­ized rough­ly over the next decade. […] That means that we’re go­ing to be ini­tial­ly very mea­sured in what we do, and very de­lib­er­ate in launch­ing a few high qual­i­ty com­pa­nies with­out putting num­bers or tar­gets on it.”

The team of ex­perts they’ve re­cruit­ed to Fore­site Labs, he added, should prove to be the great­est as­set over the long run. They in­clude:

  • Alex Block­er, head of da­ta sci­ence (for­mer­ly of Grail and Ver­i­ly)
  • Rick Dewey, head of ge­nomics dis­cov­ery (for­mer­ly of the Re­gen­eron Ge­net­ics Cen­ter)
  • Damien Soghoian, head of op­er­a­tions and strat­e­gy (for­mer­ly of Ver­i­ly)
  • Paul Da Sil­va Jar­dine, head of drug dis­cov­ery (for­mer­ly of Pfiz­er)

On top of that, he’s as­sem­bled a star-stud­ded sci­en­tif­ic ad­vi­so­ry board fea­tur­ing Math­ai Mam­men of J&J, Pao­la Ar­lot­ta of Har­vard, Eu­an Ash­ley of Stan­ford, Calum MacRae of Brigham and Women’s Hos­pi­tal, Steve Finkbein­er of Glad­stone, Jeff Hu­ber and Alex Ar­a­va­nis of Grail, as well as Rus­lan Medzhi­tov of the Howard Hugh­es Med­ical In­sti­tute.

“Ob­vi­ous­ly it will be an area that will be much big­ger than what Fore­site Labs does, but I think that we are a lit­tle bit ahead and so poised to have a huge in­flu­ence over the trans­for­ma­tion,” Ba­jaj said.

Mi­no­ryx and Sper­o­genix ink an ex­clu­sive li­cense agree­ment to de­vel­op and com­mer­cial­ize lerigli­ta­zone in Chi­na

September 23, 2020 – Hong Kong, Beijing, Shanghai (China) and Mataró, Barcelona (Spain)  

Minoryx will receive an upfront and milestone payments of up to $78 million, as well as double digit royalties on annual net sales 

Sperogenix will receive exclusive rights to develop and commercialize leriglitazone for the treatment of X-linked adrenoleukodystrophy (X-ALD), a rare life-threatening neurological condition

Vas Narasimhan (AP Images)

UP­DAT­ED: Still held down by clin­i­cal hold, No­var­tis' Zol­gens­ma falls fur­ther be­hind Bio­gen and Roche as FDA asks for a new piv­otal study

Last October, the FDA slowed down Novartis’ quest to extend its gene therapy to older spinal muscular atrophy patients by slapping a partial hold on intrathecal administration. Almost a year later, the hold is still there, and regulators are adding another hurdle required for regulatory submission: a new pivotal confirmatory study.

The new requirement — which departs significantly from Novartis’ prior expectations — will likely stretch the path to registration beyond 2021, when analysts were expecting a BLA submission. That could mean more time for Biogen to reap Spinraza revenues and Roche to ramp up sales of Evrysdi in the absence of a rival.

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FDA commissioner Stephen Hahn at the White House (AP Images)

Un­der fire, FDA to is­sue stricter guid­ance for Covid-19 vac­cine EUA this week — re­port

The FDA has been insisting for months that a Covid-19 vaccine had to be at least 50% effective – a measure of transparency meant to shore public trust in the agency and in a vaccine that had been brought forward at record speed and record political pressure. But now, with concerns of a Trump-driven authorization arriving before the election, the agency may be raising the bar.

The FDA is set to release new guidance that would raise safety and efficacy requirements for a vaccine EUA above earlier guidance and above the criteria used for convalescent plasma or hydroxychloroquine, The Washington Post reported. Experts say this significantly lowers the odds of an approval before the election on November 3, which Trump has promised despite vocal concerns from public health officials, and could help shore up public trust in the agency and any eventual vaccine.

PhII Alzheimer's fail­ure deals new blow to Roche, AC Im­mune — but the tau hy­poth­e­sis is far from dead

The leading anti-tau antibody has failed its first Phase II testing, casting a shadow on a popular target (just trailing amyloid beta) for Alzheimer’s disease.

Roche and AC Immune are quick to acknowledge disappointment in the topline readout, which suggested that semorinemab did not reduce cognitive decline among patients with early Alzheimer’s disease, who are either just starting to have symptoms or have mild manifestations.

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Covid-19 roundup: J&J be­gins piv­otal Phase III tri­al for vac­cine; Con­tro­ver­sial hu­man chal­lenge tri­als to be­gin in Lon­don — re­port

Johnson & Johnson announced it’s beginning a pivotal Phase III trial for its Covid-19 candidate, JNJ-78436735 — the first single-dose vaccine in this stage.

The Phase III trial, dubbed ENSEMBLE, will enroll 60,000 patients worldwide, making it the largest Phase III study of a Covid-19 vaccine to date. J&J said the candidate achieved positive interim results in a Phase I/IIa study, which will be published “imminently.” There’s a possibility that the first batches will be ready for potential emergency use in early 2021, according to the biotech.

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Isaac Veinbergs, Libra CEO

With $29M in Se­ries A, Boehringer-backed Li­bra looks to tack­le neu­rode­gen­er­a­tion through cel­lu­lar clean­ing

Can the natural process by which cells clean out toxic proteins be harnessed to create potential treatments for neurodegenerative disorders?

That’s the question Libra Therapeutics will be trying to answer, as the new biotech officially launched Wednesday morning with $29 million in Series A financing. The company has three preclinical programs at the ready, with its lead candidate targeting ALS and frontotemporal dementia. But CEO Isaac Veinbergs said he hopes to develop therapies for a wide range of diseases, including Parkinson’s, Alzheimer’s and Huntington’s.

Patrick Enright, Longitude co-founder (Longitude)

As its biotechs hit the pan­dem­ic ex­it, Lon­gi­tude rais­es $585M for new neu­ro, can­cer, ag­ing and or­phan-fo­cused fund

The years have been kind to Longitude Capital. This year, too.

A 2006 spinout of Pequot Capital, its founders started their new firm just four years before the parent company would go under amid insider trading allegations. Their first life sciences fund raised $325 million amid the financial crisis, they added a second for $385 million and then in, 2016, a third for $525 million. In the last few months, the pandemic biotech IPO boom netted several high-value exits from those funds, as Checkmate, Vaxcyte, Inozyme and Poseida all went public.

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Gene Wang, Immetas co-founder and CEO (file photo)

Im­metas Ther­a­peu­tics nabs $11M Se­ries A to nar­row their bis­pe­cif­ic work tar­get­ing in­flam­ma­tion in age-re­lat­ed dis­eases

How does a biotech celebrate its two-year anniversary? For Immetas Therapeutics, it’s with an $11 million Series A round and a game plan to fight age-related disease.

Co-founders Gene Wang and David Sinclair came together years ago around the idea that inflammation is the ultimate process driving age-related illnesses, including cancer. The duo launched Immetas in 2018 and packed the staff with industry experts. Wang, who says he’s always had an entrepreneurial spirit, has held lead roles at Novartis, GSK, Bristol Myers Squibb and Merck. He’s worked on blockbuster drugs like Humira, Gardasil, Varubi and Zolinza. And now, he’s channeling that spirit as CEO.

Scoop: ARCH’s Bob Nelsen is back­ing an mR­NA up­start that promis­es to up­end the en­tire man­u­fac­tur­ing side of the glob­al busi­ness

For the past 2 years, serial entrepreneur Igor Khandros relied on a small network of friends and close insiders to supply the first millions he needed to fund a secretive project to master a new approach to manufacturing mRNA therapies.

Right now, he says, he has a working “GMP-in-a-box” prototype for a new company he’s building — after launching 3 public companies — which plans to spread this contained, precise manufacturing tech around the world with a set of partners. He’s raised $60 million, recruited some prominent experts. And not coincidentally, he’s going semi-public with this just as a small group of pioneers appears to be on the threshold of ushering in the world’s first mRNA vaccines to fight a worldwide pandemic.

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