Biovista and Dart Therapeutics Enter into Drug Repositioning Collaboration Targeting Duchenne Muscular Dystrophy
Published: Mar 26, 2013
"Drug repositioning is a major approach in our overall strategy to identify novel treatments for DMD as efficiently as possible," said Gene Williams, chief executive officer of DART Therapeutics. "Biovista and the COSS technology are leaders in systematic repositioning, ensuring for us the broadest possible coverage of repositioning opportunities that can have real impact for patients and their families awaiting treatment for DMD."
"DART Therapeutics represents a unique model, being the development arm of a major patient advocacy group. Their leadership in DMD is an excellent compliment to our drug repositioning capabilities," said Aris Persidis, President of Biovista. "We believe that these types of collaborations are indicative of stakeholders looking to develop therapies in a novel manner that more directly addresses their specific needs, and we look forward to working with DART Therapeutics."
Biovista is a privately held biotechnology company that finds novel uses for existing drugs and profiles their side effects using their mechanism of action. Biovista develops its own pipeline of drugs in CNS, oncology, auto-immune and rare diseases. Biovista is collaborating with biopharmaceutical companies on indication expansion and de-risking of their portfolios, with the FDA on adverse event prediction, and with Patient Advocacy Groups using drug repositioning. (http://www.biovista.com).
About DART Therapeutics
DART Therapeutics Inc., Cambridge, Mass., is a biotechnology firm applying a new model for drug development to rare pediatric neuromuscular diseases. In the DART model, patient foundations join with biotechnology industry veterans to impact a central problem in rare diseases: Rapid therapy development. DART is focused on DMD, a fatal neuromuscular disease for which there is no effective treatment. (http://www.dartrx.com).
DART Therapeutics, Inc.
SOURCE Biovista, Inc.