Author: Michele Neisemann

BioCurate and Uniseed sign early stage research commercialisation agreement

BioCurate and Uniseed sign early stage research commercialisation agreement

Author

Date

BioCurate

June 17, 2020

BioCurate, an independently-operated joint venture between the University of Melbourne and Monash University, has entered into an agreement with leading Australian commercialisation fund Uniseed to collaborate on projects of specific interest and facilitate commercialisation of intellectual property at the University of Melbourne.

The agreement will provide both parties with potential co-investment opportunities in early stage research into new drugs and therapeutics.

Founded in 2016 with the support of the Victorian State Government, BioCurate is dedicated to translating and commercialising early-stage medical research to bring critical new medicines to patients. BioCurate has several projects it is supporting, which have emerged from the world-class biomedical research departments of the University of Melbourne and Monash University.

In its 20th year of operation, Uniseed is Australia’s longest running early stage commercialisation fund that makes investments in research emanating from five of Australia’s leading research organisations – The University of Queensland, The University of Sydney, UNSW Sydney, The University of Melbourne and the CSIRO.

Commenting on the announcement, Peter Devine, CEO of Uniseed, said: “We are excited to enter this collaboration with BioCurate, as it will ensure early stage drug and therapeutic projects are appropriately funded and managed, and given the best chance of success through the collective input and experience of the Uniseed and BioCurate teams”.

Dr Glenn Begley, CEO of BioCurate, said the team has been in discussions with Uniseed to explore ways both entities can work together to commercialise early stage research, culminating in the signing of the formal agreement.

We are delighted to be joining forces with Uniseed in our mission to bring critical new medicines to patients and help realise the potential of Australia’s biomedical research community. The Uniseed team bring invaluable industry experience that will be instrumental in our continued efforts to accelerate the development of new drugs that have the greatest commercial potential,” Dr Begley said.

 


 

About BioCurate

BioCurate was formed jointly in June 2016 by the University of Melbourne and Monash University, with support from the Victorian State Government, to accelerate early phases of new drug development.

The Company’s vision is to be a recognised global leader in the translation of basic medical research into human therapeutics. BioCurate‘s mission is to grow the Victorian and Australian biotech sector by translating medical research outputs into high quality pre-clinical candidates for the bio-pharmaceutical industry, venture capital companies and philanthropic funding agencies.

BioCurate is one of the key partners in the Biomedical Translation Bridge Program, a national initiative of the Australian Government aimed at nurturing the translation of new therapies, technologies and medical devices through to the proof of concept stage.

For more information about BioCurate, visit www.biocurate.com

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About UniSeed

Formed in 2000, Uniseed is Australia’s longest running university commercialisation fund. Uniseed has supported a number of highly successful companies arising from partner research organisations, such as the University of Melbourne’s Fibrotech (sold to Shire in 2014) and Hatchtech (sold to Dr Reddy’s Laboratories in 2015); the University of Queensland’s Spinifex (sold to Novartis in 2015); and the University of NSW’s Smart Sparrow (sold to Pearson in 2019) and Exonate (major research collaboration with J&J announced in 2020).

Uniseed is a mutual fund, owned by research organisations, for research organisations. The fund facilitates the commercialisation of its research partners’ most promising intellectual property and secures targeted investment in resulting products and technologies.

For more information, visit: https://uniseed.com

 


 

Media contacts

BioCurate
Chenny Wulandari
Edelman for BioCurate
chenny.wulandari@edelman.com
0411 582102

Uniseed
Peter Devine, CEO
0409 631 581

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New Staff Appointment – Dr Belinda Huff

New Staff Appointment – Dr Belinda Huff

Author

Date

BioCurate

June 10, 2020

BioCurate is very pleased to announce Dr Belinda Huff’s appointment as Project Manager.

BioCurate is focused on turning discoveries into therapeutics, and is building a team of highly-experienced individuals capable of working collaboratively to ensure the company’s success.

Dr Belinda Huff is a medicinal chemist with 8 years drug discovery experience in the pharmaceutical industry.

Belinda began working as a research scientist at Bionomics in 2012 and progressed to the position of medicinal chemistry project manager. She has been involved in a range of drug discovery projects primarily in the areas of neuroscience and oncology, including being a key scientific contributor to a project that was licensed to pharma and is currently in clinical trials.  Belinda has managed projects involving many collaborators and CROs located in Australia and around the world and has developed numerous skills and tools to support successful relationships with stakeholders.

Belinda completed her Bachelor of Science (Molecular Biology) with Honours at the University of Adelaide and went on to earn her PhD in organic chemistry from the University of New South Wales.

We are delighted that she has decided to join the BioCurate team!

Dr Belinda Huff will commence in her new role on 10 June 2020.

Click here to read more about Belinda.

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What is Success?

What is Success?

Author

Date

BioCurate

June 1, 2020

Defining the end goal in biomedical research

The notion of “Success” is relative and highly contextual. This is true of biomedical research and development. Depending on where you are in terms of the therapeutics development pipeline, both organisationally and functionally, you are likely to get a different definition of success.

For the academic researcher undertaking important wet lab research, who makes that initial breakthrough discovery, success is typically linked to the publication of a manuscript. Success is the novel, landmark or first-in-man finding; it is the paper that is accepted into a high-impact journal (Cell, Nature or Science- the holy trinity of biomedicine publishing). Publication in these high-impact journals is an accepted surrogate for the importance of the initial discovery, and the potential for changing research paradigms and benefiting patients. This achievement is appropriately seen as success: it is an important first-step along the way to something valuable for patients. As a consequence,  it also increases the chances of future funding, promotion, and international recognition.

For the entrepreneur, success is seeing a market opportunity and bringing capital and technology (often the technology is based on the breakthrough discovery in the academic research laboratory) together to address it. Through this process the entrepreneur creates value and value creation is the yardstick by which their success is measured. For the investor, success is the identification of opportunities (which are often generated by the entrepreneur) to deploy capital and achieve the greatest financial return. This may be achieved by securing an exit with an industry partner. These contributions can be considered a second-step along the pathway to ultimate patient benefit.

But for the biopharmaceutical industry, success is a viable commercial product on the market. As such, it can be seen the final step on the pathway to bringing benefit to patients. It is seeing drug development through to the very end, with new treatments in the hands of doctors and patients and seeing the many years of research finally make a positive impact on human health and quality of life. Within the company each function that contributes to the overall company goal has different definitions of success – for manufacturing it may be reducing the cost of producing the new drug (“cost of goods”), for clinical operations it may be efficient enrollment of patients in the clinical studies, for medical affairs it is ensuring patient safety, for regulatory it is expeditious approval by the Regulatory Authorities, and for the health economics and outcomes research team it is achieving reimbursement for the new therapeutic approach.

For the patient and society in general, success is an efficient use of taxpayer dollars that funds relevant research that can be efficiently transferred to the entrepreneur who brings it together with investor capital to create further value through an exit to an industry partner. Ultimately, this results in affordable access to cost-effective treatment that improve outcomes for all who need it.

Misalignment across players can cause delays, disputes over the allocation of resources, counterproductive competitive behavior, and can compromise the commercial viability of projects entirely. Our definition of success needs to be realigned to one that is mindful of the end goal – to see a novel treatment on the market and available to patients.

In this context, success for the academic, the entrepreneur, the investor and industry are but milestones in the continuum, each worthy of celebration – crucial interdependent steps towards societal success rather than ends in themselves.

For promising new projects, creating opportunities for effective partnering of all of these players is a fundamental premise for the development of novel therapeutics. In these partnerships, misalignment in the different parties’ understanding of success or a “zero sum game” mentality can be problematic. Our societal mission of bringing safe and effective therapeutics to patients does not stop with the success of one player in the development chain. Misalignment across players can cause delays, disputes over the allocation of resources, counterproductive competitive behavior, and can compromise the commercial viability of projects entirely.

Our definition of success needs to be realigned to one that is mindful of the end goal – to see a novel treatment on the market and available to patients.

This is why BioCurate exists. BioCurate is doing its part to bridge the gap between academia and industry by pursuing opportunities to align success metrics. BioCurate exists to further develop, for patient benefit, the outstanding fundamental research for which Australia is famous. It is acknowledged that there are systemic pressures that influence the way research is conducted in Australia. Changes to precarious funding models and the insidious pressure to publish are necessary. A more long-term, commercial mindset is critical to help our country realise the significant potential of its research community and achieve success in commercialising promising new discoveries.

BioCurate is striving to improve our collective understanding of the realities of translation, and to bring industry to researchers- to facilitate new collaborations. Creating a strong, multidisciplinary team of experts and supporting the entire drug development value chain will fortify the foundations for success and improve the likelihood of bringing novel treatments to market that improve the lives of patients.

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BioCurate Project awarded subsidy by the National Drug Discovery Centre

BioCurate Project awarded subsidy by the National Drug Discovery Centre

Author

Date

BioCurate

February 14, 2020

We are pleased to announce Dr Lorna Mitchell, Director of Small Molecule Therapeutics at BioCurate, has been named one of the four recipients of an Australian Government subsidy supporting screening activities at the National Drug Discovery Centre (NDDC).

Dr Lorna Mitchell is leading a BioCurate and Monash University team to investigate new medicines for the treatment of blood cancers including Burkitt’s lymphoma (BL), diffuse large B-cell lymphoma (DLBCL) and multiple myeloma (MM).

The NDDC provides researchers in Australia with access to the latest in advanced robotic high-throughput screening to ensure patients will benefit from novel treatments sooner.

The subsidy covers 90 per cent of the cost of using the NDDC, reducing the cost of a traditional screening campaign – normally upwards of $300,000 – to around $30,000-$45,000.

Congratulations to Dr Lorna Mitchell and the project team for this latest accomplishment.

Find out more about the four projects awarded subsidies.

Visit the National Drug Discovery Centre website for more information.

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2019 Annual Report

2019 Annual Report

Author

Date

BioCurate

March 30, 2020

Annual Report for the year ended 31 December 2019.

The 2019 Annual Report focuses on BioCurate’s significant progress with the company’s principal business – building BioCurate’s portfolio and a long-term project pipeline, and improving the understanding of research translation.

BioCurate 2019 Annual Report

 

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Bridging the valley of death

Bridging the valley of death

Author

Date

BioCurate

February 14, 2020

John Brumby discusses BioCurate and the challenge of commercialisation with Innovation Intelligence. The following is an excerpt from Innovation Intelligence's upcoming book: Australia’s Nobel Laureates Vol. III: State of Our Innovation Nation 2020 and Beyond, taking a whole of economy health check of Australia’s innovation ecosystem.

When I was a young backbencher in the Hawke Government, one of the people I admired and learned from was the Minister for Science, Barry Jones. Barry had written the globally influential book Sleepers, Wake! in which he warned that ‘technologically based transitions create revolutionary economic and social changes.’ He called on governments to shape the future for the better through smart responses to technological change. To his credit, Barry Jones pushed the Hawke Government to invest a lot more in science, R&D and technology. He secured some wins, including a $1m National Biotechnology Program. Barry once told me, however, that he had a recurring nightmare. He worried that after all our efforts and all our investments, we would look back in years to come and find that Australian scientific research had not moved far along the path from the laboratory to the market. If this happened then our research would have failed to make its maximum possible impact in the world.

I’m afraid to say these fears came true. Australia can be proud of our scientific achievements, especially in medical research. But an ongoing frustration is that too little of it makes the long journey to market. Too much is lost in the ‘valley of death’ before it can even reach the clinical trial stage. And if it doesn’t reach clinical trial, it can’t reach patients. BioCurate was set up to address this problem, and has already become an important part of Australia’s innovation ecosystem.

BioCurate came about thanks to an unprecedented partnership between the Vice Chancellors of Victoria’s two biggest universities: Monash University and the University of Melbourne. It was the first time two universities of this size, in such close proximity to one another (making them competitors) had come together in this way. Both Vice Chancellors recognised that their universities were sitting on a gold mine. Melbourne and Monash receive about $100m per annum each in government funding for medical research, and both are in the top 100 universities in the world for research output. But the Vice Chancellors also realised that the right settings were not in place to make good on the promise of this research—to get it to the bedsides of the patients that need it. They decided to put their money where their mouths were. Each university invested $25m, and the Victorian Government invested another $10m. BioCurate was launched in 2016, and I was proud to come on board as Chair. In 2017 we were delighted to appoint distinguished haematologist and oncologist Dr Glenn Begley as BioCurate’s inaugural CEO.

Read the entire essay on Innovation Intelligence’s website

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Of Conversation, Controls and Collaboration

Of Conversation, Controls and Collaboration

Author

Date

BioCurate

February 13, 2020

It can be daunting to make an industry pitch based on one of your lab’s research projects, but for Professor Roger Daly from the Monash Biomedicine Discovery Institute (BDI), it made sense. With a project in his portfolio he thought was suitable for support from BioCurate, Roger reached out.

“As with most research institutes, the Monash BDI is making a concerted push to improve industry engagement amongst academics. I was acutely aware of BioCurate, as a few groups within the Monash BDI had already been interacting with members of their team,” said Roger.

As discussions evolved between Roger and BioCurate, a mutual understanding developed – that the rigour applied to interpreting certain types of data, even by scientific journals, is insufficient. Roger recalled, “The team at BioCurate were responsive, they saw the worth of our work and also thought our results were interesting.” However, a major problem was identified by both Roger and the BioCurate team – that the potential off-target effects of siRNAs are often underestimated.

“Glenn (Begley, CEO of BioCurate) and I agree- the standards applied when using siRNAs are not stringent enough. There are certain kinds of controls which are recommended, but to be honest, very few people actually take on these controls to the extent they’re supposed to. This is really where the problem resides,” said Roger. “Many journals simply request that the effect is replicated by at least two siRNAs. However, the effects of both can be off-target.”

Based on these discussions, Roger and his team are undertaking further experimental work using alternative approaches to strengthen their case, and this is already reaping dividends. “We’re keeping BioCurate informed as this validation work progresses, because the data are not only critical to our project, they have more general relevance to how BioCurate, and industry, assesses projects,” he said. This is what has pleasantly surprised Roger – the ongoing conversation that has developed following that initial presentation.

For Roger, this process has been and continues to be a positive and highly encouraging experience, and one that has galvanised his opinion on the best approach to translational research. “Labs going into translational research need to go in with eyes wide open, they need to be aware of potential problems as well as options and opportunities,” he explains. “If you want to complete a drug screen, it is important to ask- are we best placed to do it? Or can we outsource it?” Roger wants scientists to leverage the funding, skills, expertise and resources available to them, rather than ‘going it alone from scratch.’ This may prevent groups from taking on work that doesn’t match their skill base, and that may divert resources away from their strengths.

“Melbourne has outstanding facilities and a fantastic research community,” stated Roger “BioCurate is well-positioned to advise on how to tap into such resources and move projects down the development pipeline.” He added, “I’m looking forward to the prospect of this project reaching the point at which it’s ready to enter the BioCurate pipeline.”

All in all, it’s all about the big C – Collaboration – to help achieve real world impact.

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Dr Cathy Drinkwater: Collaboration Conduit

Dr Cathy Drinkwater: Collaboration Conduit

Author

Date

BioCurate

January 06, 2020

‘I’ve been described as a scientific butterfly,’ laughs Dr Cathy Drinkwater, Director of Project Management at BioCurate. ‘I love learning about new things. As a molecular biologist, I can see that it’s fundamentally the same factors that underlie different processes in different diseases. It’s exciting to see the picture come together.’

Helping this big picture come together is the big vision that BioCurate has, and it was what drew Cathy to the organisation. ‘I completely agree with Glenn [Dr C. Glenn Begley, CEO of BioCurate]. Australia is too small to compete on the global stage as individual parties. We need to work together.’ This emphasis on collaboration and cooperation was born from Cathy’s experiences during her PhD.

For Cathy, undertaking her PhD at the Howard Florey Institute was one of the best times of her life. ‘Of course, there was plenty of frustration, but by the time I was writing my thesis, I just enjoyed the feeling of having achieved a certain depth in my knowledge and the sense of completing something. I had a lot of autonomy and I revelled in being my own boss.’ For her, what was underrated about the entire PhD experience was the personal development that went beyond the confines of the lab. ‘You learn to become a team player, whether it’s negotiating equipment bookings or learning how to deal with different personalities. These skills are so valuable.’

After postdoctoral positions at Stanford University of School of Medicine and the Walter and Eliza Hall Institute of Medical Research, Cathy made the transition into industry. Beginning as a Principal Scientist at AMRAD Corporation (later Zenyth Therapeutics), Cathy was still actively involved in research. ‘However, in industry, it is research with a purpose. A purpose to develop new drugs,’ commented Cathy.

One of the starkest differences between academia and industry that Cathy noted was the motivation that drove research. ‘ It’s push vs pull: in industry, you know where you want to go – your work is being pulled through and guided by the end goal. In academia, new discoveries can push your research in different directions, sometimes with a lack of focus.’ It was also in industry where Cathy began to understand the importance of robust and reproducible research  data. ‘There is a necessary ruthlessness in industry. If we couldn’t replicate the data, we dropped the project. It just wasn’t worth pursuing.’ This focus on reproducibility is one that is very much at the forefront at BioCurate.

After her time as Project Manager at CSL, managing projects at various stages along the development pathway, Cathy moved back to early discovery projects at Cancer Therapeutics CRC, which she now continues at BioCurate. It’s a perfect fit for her. ‘I love being exposed to exciting new discoveries, although the slower pace of academic research can sometimes be a bit frustrating,’ she says. Despite this, Cathy is pleased to see scientists from both academia and industry beginning to act on the need for collaboration. Cathy comments, ‘Seeing multiple groups working on the same type of projects, but not talking to each other didn’t make sense to me. I’m so glad that it’s definitely changing now.’

Her extensive and expansive experience, as well as her expertise in endocrinology, neurobiology, oncology, immunology and inflammation, positions Cathy as an authority on early drug discovery, but also a leader in fostering stronger ties between the seemingly disparate worlds of academia and industry. She understands the needs and nuances of both.

For scientists who want to bridge this gap and to contribute to the development of novel treatments, she offers the following advice: ‘Be open to collaboration. Find people you can trust and who can offer you new ways of looking at your scientific problem. All my best successes have involved multidisciplinary teams.’

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Takeda Pharmaceuticals and BioCurate announce collaboration to accelerate innovative early stage discoveries of new therapeutics and drugs

Takeda Pharmaceuticals and BioCurate announce collaboration to accelerate innovative early stage discoveries of new therapeutics and drugs

Author

Date

BioCurate

October 30, 2019

BioCurate, a joint venture between Monash University and The University of Melbourne with support from the Victorian State Government, has signed an agreement with Takeda Pharmaceutical Company Limited (Takeda) to share commercial and scientific expertise with the aim of accelerating the discovery and development of new therapeutics and drugs.

Takeda and BioCurate will collaborate directly and via participation in BioCurate’s Industry and Scientific Advisory Committee to assess new therapeutic candidates arising from BioCurate’s academic partners.

BioCurate was established with a specific focus to fast-track research discoveries into early therapeutic development by addressing the barriers that limit the translation and commercialisation of early-stage research. The company’s goal is to build a sustainable capability in drug development, which entails nurturing projects to be attractive to potential investors or commercial partners. Collaborations such as this ensure promising projects receive critical expert advice and commercial assessment throughout the drug discovery process, thereby streamlining the therapeutic development process.

“BioCurate is very pleased to expand our collaborative linkages with experts who are able to provide invaluable scientific advice, commercial insight and partnering opportunities to BioCurate and Australia’s wider medical research sector,” said Dr C. Glenn Begley, CEO of BioCurate.

Takeda has a unique approach to collaboration that leverages diverse partnership models to unlock the best science no matter where it resides and to translate into life-changing medicines for patients. Each of its partnerships is created with aligned incentives, designed to leverage what each partner does best across academia and industry. Takeda has more than 200 active partnerships, and through its Center for External Innovation, has more than 25 new company creations and 45 venture financings since 2016.

We look forward to applying the expertise of Takeda’s world-class R&D engine, which spans from target identification through clinical development and commercialization, to our collaboration with BioCurate,” said Steve Hitchcock, Head, Research at Takeda. “Together we will help identify and nurture the discoveries from BioCurate’s ecosystem that have the greatest potential to become transformational new therapies for patients in need.”

Conducive to this broad-based collaboration is Australia’s ‘Parkville Precinct.’ This cluster of 30 world-class hospitals, research institutes, teaching and biotech organisations in Melbourne employs approximately 10,000 researchers, many of whom are the global leaders in their field. With its headquarters embedded within this precinct, BioCurate’s internationally-experienced team is well-placed to take part in and contribute to this thriving research ecosystem.

ENDS

 


 

About BioCurate

BioCurate Pty Ltd was formed jointly in June 2016 by The University of Melbourne and Monash University, with support from the Victorian State Government to accelerate early phases of new drug development. BioCurate is seeking to address the key challenges in early stage drug development and to increase the number, quality and rate of translation of new drug discoveries into medically sound projects that are attractive for investment via commercial or public-good routes. The Company’s vision is to be a recognised global leader in the translation of basic medical research into human therapeutics. BioCurate is one of the key partners in the Biomedical Translation Bridge Program, a national initiative of the Australian Government aimed at nurturing the translation of new therapies, technologies and medical devices through to the proof of concept stage.  www.biocurate.com

 


 

Media contact

Linda Peterson – l.peterson@biocurate.com – Tel: +61 419 320 435

 

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Gilead and BioCurate work together to develop ‘Industry-Ready’ therapeutic projects

Gilead and BioCurate work together to develop ‘Industry-Ready’ therapeutic projects

Author

Date

BioCurate

October 17, 2019

Gilead Sciences, Inc and BioCurate Pty Ltd agree to collaborate with the aim of increasing the quality and quantity of ‘industry-ready’ therapeutic projects.

BioCurate is very pleased to advise that it continues to build on its commitment to engage with major international industry partners with the recent signing of a Memorandum of Understanding with Gilead Sciences, Inc (Gilead).

Gilead is a research-based biopharmaceutical company that discovers, develops and commercialises innovative medicines in areas of unmet medical need, with operations in more than 35 countries world-wide.

This commitment will help ensure BioCurate’s new drug development programs are informed and aligned with addressing unmet patient and market needs, and provide potential future partnering opportunities.

The principles underpinning this collaboration are consistent with those BioCurate has already in place with other industry partners: i.e. a non-exclusive arrangement with the aim of increasing the quality and quantity of ‘industry-ready’ therapeutic projects emanating principally from the University of Melbourne and Monash University.

 

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