Brooklyn ImmunoTherapeutics Establishes Research and Development Center in Cambridge, Massachusetts
02 Junho 2021 - 9:00AM
Brooklyn ImmunoTherapeutics, Inc. (NYSE American: BTX)
("Brooklyn"), a biopharmaceutical company focused on exploring the
role that cytokine and gene editing/cell therapy can have in
treating patients with cancer, blood disorders, and monogenic
disorders, today announced it has established a research and
development center in Cambridge, Massachusetts, to pursue its
mRNA-based gene editing and cellular therapies. The company has
co-located with Factor Bioscience Limited (“Factor”) and Novellus
Therapeutics Limited (“Novellus”), from which Brooklyn has acquired
an exclusive worldwide license to develop and commercialize certain
cell-based therapies to treat cancer and rare blood disorders,
including sickle cell disease, based on the patented technology and
know-how of Factor and Novellus.
“Our new R&D facility will provide us with the ability to
advance our research and development efforts. We believe
co-locating with Factor and Novellus will promote our capability to
leverage our collaboration and further our objectives in developing
a diversified portfolio of new, advanced therapeutics,” said Howard
J. Federoff, M.D., Ph.D., Brooklyn’s Chief Executive Officer and
President. “Recent presentations by Factor and Novellus at the
American Society of Gene & Cell Therapy conference have
reinforced our conviction that our development pathways can be
broadly applicable to real world disease indications for which no
effective therapies currently exist.”
“We are delighted to advance our R&D efforts to commence
translation of gene editing, cellular therapy and development for
our emerging clinical programs with a focus on orphan diseases such
as sickle cell anemia, familial amyloidosis and cell therapies for
cancer,” continued Dr. Federoff. “Our new co-located R&D center
is intended to provide us with ample infrastructure and synergistic
potential to promote these goals.”
Brooklyn’s recently licensed platform from Factor and Novellus
includes three novel technologies that the company expects to
pursue at its new R&D location. The first is a highly efficient
mRNA cell reprogramming method. The second is a mRNA-based gene
editing technology which can be applied to both allogeneic and
autologous cells and which eliminates potential for off-target
effects. The third is a proprietary tunable nanolipid delivery
system that provides efficient non-viral vector-based delivery of
mRNA ex vivo and in vivo to skin, brain, eye and lung tissue.
About Brooklyn ImmunoTherapeutics
Brooklyn is focused on exploring the role that cytokine-based
therapy can have in treating patients with cancer, both as a single
agent and in combination with other anti-cancer therapies. The
company is also exploring opportunities to advance oncology, blood
disorder, and monogenic disease therapies using leading edge gene
editing/cell therapy technology through the newly acquired license
from Factor Bioscience and Novellus Therapeutics.
Brooklyn’s most advanced program is studying the safety and
efficacy of IRX-2 in patients with head and neck cancer. In a Phase
2A clinical trial in head and neck cancer, IRX-2 demonstrated an
overall survival benefit. Additional studies are either underway or
planned in other solid tumor cancer indications.
For more information about Brooklyn and its clinical programs,
please visit www.BrooklynITx.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, concerning Brooklyn’s expectations,
anticipations, intentions, beliefs or strategies regarding the
future that are not statements of historical fact, including
statements in the second, third and fourth paragraphs related to
potential future development and growth. These statements are based
upon the current beliefs and expectations of Brooklyn’s management
and are subject to significant risks, uncertainties and other
factors. Brooklyn’s actual results could differ materially from any
anticipated future results, performance or achievements described
in the forward-looking statements as a result of a number of
factors, including, but not limited to: (i) Brooklyn’s ability to
successfully, cost-effectively and efficiently develop its
technology and products; (ii) Brooklyn’s ability to successfully
commence clinical trials of any products on a timely basis or at
all; (iii) Brooklyn’s ability to successfully fund and manage the
growth of its development activities; (iv) Brooklyn’s ability to
obtain regulatory approvals of its products for commercialization;
and (v) uncertainties related to the impact of the COVID-19
pandemic on the business and financial condition of Brooklyn,
including on the timing and cost of development of the technologies
that Brooklyn expects to pursue at its new R&D location.
Additional factors and risks are described in Brooklyn’s periodic
reports filed with the Securities and Exchange Commission, which
are available on the SEC’s website at www.sec.gov.
Forward-looking statements are made based on information available
to Brooklyn on the date of this press release, and Brooklyn assumes
no obligation to update the information contained in this press
release.
Investor Relations Contact:CORE
IR516-222-2560investors@brooklynitx.com
Media Contact:CORE IRJules
Abrahamjulesa@coreir.com917-885-7378
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