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BioCrossroads Invests in Indianapolis Biotech Company Developing Treatments for Alzheimer's Disease
Date:5/12/2010

diana's outstanding research community," continued Johnson. 

AgeneBio's first therapy is targeted at a very early form of AD called Amnestic Mild Cognitive Impairment (aMCI), a neurological condition that often progresses to Alzheimer's disease and affects more than 3 million aging Americans.  A proof of concept study is underway evaluating AgeneBio's lead therapy in patients with this condition, and its early platform technologies are being explored for a number of neurological conditions. 

"The investment by BioCrossroads will help us advance our research and formulations work so we can accelerate the development of our therapeutic program," said Tim Parshall, CEO of AgeneBio.  "We've been working closely with investors and consultants in Indiana and have been using a global sourcing network to bring our first product to phase II trials.  Indiana's positive entrepreneurial and scientific environment for life sciences companies was a significant factor in our decision to establish our company here."

If  there is a positive outcome from the clinical study, AgeneBio will seek the use of an accelerated approval pathway from the U.S. Food and Drug Administration (FDA)  to bring its first product to market, potentially shortening the normal pharmaceutical development timeline by as much as five years.    

According to DataMonitor,  aMCI-specific annual sales are expected to increase seven-fold from 2007 to $3.3 billion by 2018.   

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