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Foundation Venture Capital Group Sells Interest in Longevica Pharmaceuticals
Date:7/27/2010

numerous applications in both the treatment and prevention of diseases.  We believe it also has the potential to extend active lifespan – a perfect fit to Rostock's mission and goals," said Dmitri Khan of Rostock Group.  "We look forward to helping Dr. Ryazanov advance his research further to help him commercialize the technology."

Alexey Ryazanov, PhD, founder and president of Longevica, is a professor in the Department of Pharmacology at UMDNJ-Robert Wood Johnson Medical School and is a member of The Cancer Institute of New Jersey.  He explained that his company is working to develop approaches to help protect normal tissues during chemotherapy and radiation treatment.

"The work of Dr. Ryazanov and the scientists at Longevica is so exciting because currently, there is no effective therapy available," explained George F. Heinrich, MD, vice chair and CEO of Foundation Venture Capital Group.  "A breakthrough in the use of this kinase could positively benefit millions of people undergoing cancer treatments.  It is extremely gratifying to know that with our initial investment to launch Longevica, its research advanced to the next level of study and Rostock is now able to move this important research even further."

Longevica scientists discovered that if the EF2 kinase (a protein involved in the regulation of protein synthesis in human cells) can be rendered inactive, normal cells could be protected from dying during chemotherapy and radiation cancer treatment.  Not only does this process protect normal tissues from dying, says Dr. Ryazanov, but it also renders the cancer-killing treatment more effective.

"There is amazing technology being developed by faculty members at UMDNJ and w
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SOURCE Foundation Venture Capital Group, LLC
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