‏إظهار الرسائل ذات التسميات Eyestem. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات Eyestem. إظهار كافة الرسائل

Eyestem Files for IND Approval for Its Product to Treat Geographic Atrophy, the Largest Cause of Incurable Blindness in the World for People Over 50

Dry age-related macular degeneration (dry AMD) is the largest cause of incurable blindness in the world for patients over 50 years. 170 million people suffer from this disease around the world, 25 million of which are in India. These numbers will unfortunately increase in the coming decades as our population ages. The more severe version of dry AMD is geographic atrophy,and no therapy is available to arrest or reverse this loss of vision.

(L to R) Dr Jogin Desai, Dr Rajani Battu & Dr Rajarshi Pal
(L to R) Dr Jogin Desai, Dr Rajani Battu & Dr Rajarshi Pal

Eyestem Research today announced the submission of an Investigational New Drug (IND) application to the Central Drugs Standards Control Organization, India (CDSCO) to begin first in-human trials of Eyecyte-RPE™for subjects with medium- and late-stage geographic atrophy, secondary to dry AMD.

Dr. Rajani Battu, Chief Medical Officer, Eyestem Research, said, “We are excited to start human trials for Eyecyte-RPE™. Dry AMD is a huge disease burden, and this therapy has the potential to make a meaningful difference in our patients’ lives.”

Dr. Jogin Desai, Chief Executive Officer, Eyestem Research, said, “Most cell and gene therapy products under development in the West are estimated to cost over US$ 200,000.Our vision is to democratize access to such treatments at a fraction of these costs and begin disruption of the current status quo with our Eyecyte-RPE™ product.”

Eyestem Research is a deep science company incubated at the Centre for Cellular and Molecular Platforms, Bangalore, and supported by DBT-BIRAC as well as prestigious Indian and global healthcare investors. The IND submission for Eyecyte-RPE™is supported by robust GLP toxicology data from Dabur Research Foundation in India and excellent efficacy/safety data in animal models at Oregon Health and Science University. Validation of the injection technique and dose-finding studies were done in advanced animal models at the Singapore Eye Research Institute.

About Eyecyte-RPE™

Eyecyte-RPE™ is a patented suspension of iPSC-derived fate-committed retinal pigment epithelium cells, which are highly potent, safe, and efficacious in in-vitro and in-vivo studies. The cells are derived from induced pluripotent stem cells, are allogeneic in nature, and can be stored for long periods of time.

About Eyestem Research

Headquartered in Bangalore and Delaware, Eyestem Research is a clinical-stage biotechnology company, which was started by a founding team with several decades of experience in pharmaceutical product development, ophthalmology, and cell biology. It has won significant accolades with the most recent one being named the top innovator in the country across all sectors in 2022 by the prestigious The Economic Times newspaper. It is also the recipient of several prestigious grants from the Department of Biotechnology, Government of India, and has been feted at high-profile government functions as one of the most successful startups in the country. In addition to being backed by global investors in Switzerland and South Africa, it is backed by two of the most prestigious venture capital firms in the country – Kotak Investment Advisors and Endiya Partners. Its most recent fundraise was backed by a consortium of three multi-billion dollar Indian pharmaceutical companies –Alkem Laboratories, NATCO, and Biological E.

Scalable Cell Replacement Therapies Developer Firm Eyestem Raises $6.4 Mn in Series-A Led by Three Pharma Majors

Cell Replacement Therapies Company Eyestem Raises $6.4 Mn in Series-A Led by Three Pharma Majors
Dr Jogin Desai Founder/CEO with Eyestem Team

Eyestem raises Series A round from Biological E, Alkem, NATCO, Kemwell promoters and existing investors - Kotak and Endiya

The investment will enable Eyestem to progress a treatment for Dry Age-related Macular Degeneration to the clinic

Eyestem, a Bengaluru-based cell therapy company, has raised $6.4 million (INR 51 Crore) in a Series A round led by three pharma majors - Biological E. Limited (BE), Alkem, NATCO and Anurag and Karan Bagaria, promoters of Kemwell Biopharma. Existing investors Endiya Partners and Kotak Private Equity also participated in this round, valuing Eyestem at $46.4 million (INR 371 Crore) post money.

Dr Jogin Desai, Founder and Chief Executive Officer of Eyestem said, “We started Eyestem with the sole purpose of being able to create cell therapy products at scale for diseases that devastate a large number of people in India and the world. The support of major Indian pharma companies who share our vision endorses our strategy of developing affordable innovation for patients worldwide. Post this funding, we will remain focussed on solidifying our cell therapy platform and moving our flagship product for Dry AMD through early clinical trials of an international standard”.

Dr Rajarshi Pal, Dr Jogin Desai & Dr Rajani Battu, Founders of Eyestem
(L to R) Dr Rajarshi Pal, Dr Jogin Desai & Dr Rajani Battu, Founders of Eyestem

Eyecyte-RPE, the company’s patented flagship product, is an experimental treatment for Dry Age-Related Macular Degeneration (Dry AMD) and the company has other products in the pipeline for the treatment of incurable diseases affecting humanity. EyeCyte-RPE replaces damaged retinal pigment epithelium cells and is designed to restore sight for patients in early stages of Macular Degeneration or arrest loss of vision for those in later stages. The product is allogenic, administered by a surgical procedure and is patented in India and abroad. The company intends to file for a first in human trial for the product within a year in consultation with CDSCO and US FDA.

Rajeev Nannapaneni, CEO, NATCO Pharma Limited quoted, "We are very happy to be associated with Eyestem for their innovative work that services unmet needs of patients that have high impact for quality of life".

Commenting on the fundraise, Dr. Ramesh Byrapaneni, Managing Partner of Endiya Partners said, “Endiya partners is delighted to back such strong, globally competitive innovative start-ups and participate in the current funding round. The addition of leading pharma and biotech investors on our cap table is a great validation of the world class science that Eyestem is pursuing which can change millions of lives globally”.

Founded in 2016, by an experienced team of clinical research, regenerative medicine and ophthalmology experts, Eyestem is advised by a world-class Board and has built collaborations with other leaders in related scientific disciplines in India, UK, Japan and the United States. The long-term vision is to develop a scalable cell therapy platform to treat incurable diseases and democratize access to these newer technologies globally.

About Eyestem:

Headquartered in Bangalore and Delaware, Eyestem was founded by an experienced management team consisting of experts in clinical research, regenerative medicine and ophthalmology. Eyestem intends to be the benchmark for quality and affordability in cell therapies for targeted conditions. The company has received several prestigious awards and grants from the Department of Biotechnology, Government of India.

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