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Fundraisings and IPOs

Date: 2015-02-12

Type of information: Grant

Company: AC Immune (Switzerland)

Investors: The Michael J. Fox Foundation - MJFF (USA)

Amount: undisclosed

Funding type: grant

Planned used:

The grant will be used to develop Positron Emission Tomography (PET) tracers for the alpha-synuclein protein, supporting the diagnosis and clinical management of Parkinson’s disease. The research project aims to develop brain imaging agents for alpha-synuclein, a key protein involved in the pathology of Parkinson’s disease. Such an alpha-synuclein-PET imaging agent will help diagnose the disease earlier and more accurately, enable tracking of pathology over time, and monitor the efficacy of therapeutics in reducing alpha-synuclein aggregates. Using its proprietary Morphomer™ chemistry technology platform, designed to interact with the basic process of protein misfolding, AC Immune has identified promising small molecule compounds with good selectivity for alpha-synuclein and promising properties as PET ligands. The grant will allow AC Immune to develop a lead compound with suitable characteristics that could rapidly enter into clinical development.

Others:

* On February 12, 2015, AC Immune announced it has been awarded a research grant by The Michael J. Fox Foundation for Parkinson’s Research (MJFF) for the development of Positron Emission Tomography (PET) tracers for the alpha-synuclein protein, supporting the diagnosis and clinical management of Parkinson’s disease. The amount of the grant was not disclosed.

 

Therapeutic area: Neurodegenerative diseases

Is general: Yes