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Bioasis Technologies (TSXV:BTI) announces positive results from preclinical multiple sclerosis study

Health Care
TSXV:BTI
07 July 2021 17:35 (EDT)

Bioasis Technologies (BTI) has announced results from its preclinical study of a blood-brain barrier penetrant interleukin-1 receptor inhibitor.

The New Haven, Connecticut-based company is developing its proprietary xB3 platform technology in order to boost the delivery of biologics across the blood-brain barrier to treat central nervous system disorders that have high unmet medical needs.

According to the release, the company’s interleukin-1 receptor antagonist previously demonstrated efficient delivery of effective concentrations of IL-1RA to the brain, which elicited analgesia in a neuropathic pain animal.

xB3 IL-1RA was also investigated in the rodent experimental allergic encephalomyelitis (EAE) model of multiple sclerosis.

A range of doses of xB3 IL-1RA was given during the initial disease phase, which led to both delayed onset and overall a reduction in clinical symptom score in animals treated with xB3 IL-1RA compared to control animals.

“These data further confirm the ability of the xB3™ delivery platform to enhance the delivery of large molecule therapeutics into CNS compartments with demonstrated disease-relevant efficacy,” Dr. Deborah Rathjen, executive chair of the board at Bioasis Technologies, said in a release. “We are progressing these data and believe that xB3™-IL-1RA holds promise for the treatment of a broad range of neuroinflammatory diseases.”

Data from the study also indicates that xB3 IL-1RA has the potential to treat neuroinflammatory diseases like multiple sclerosis.

On a global scale, approximately 1.25 billion are affected by a neurological disease, with that number projected to continue rising.

Bioasis Technologies is one such company focused on developing therapies across the blood-brain barrier, which will essentially target previously untreatable diseases of the central nervous system.

Shares of Bioasis Technologies are unchanged at C$0.38 as of 3:40 p.m. EDT.

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