Print

Print


'Neurochips' in the Works
2 Md. Firms Targeting Brain Diseases
By Terence Chea
Washington Post Staff Writer
Wednesday, August 8, 2001; Page E05

Two Maryland biotechnology start-ups are teaming up to create
and market a new type of biological sensor intended to help
researchers study diseases of the brain and develop drugs
to treat them.

NeuralStem Inc. of College Park and MetriGenix Inc.
of Gaithersburg announced yesterday that they have reached
an agreement to jointly create a series of "neurochips"
-- sensors that could be used to predict how potential drugs
affect the brain.

"These chips will help researchers discover drugs faster
and more cheaply," said Richard Garr, NeuralStem's president
and chief executive. He said the chips also would help
pharmaceutical companies develop drugs with fewer
side effects.

The neurochips will be developed using MetriGenix's
Flow-Thru Chip technology and NeuralStem's patented
stem cells.

The two companies did not reveal financial terms of the
deal.

NeuralStem owns rights to neural stem cells -- cells that
can give rise to more specialized cells of the central
nervous system. The company, founded in 1996, eventually
hopes to use the cells to treat a variety of neurological
diseases by transplanting them in patients' brains. But its
short-term strategy focuses on using the cells to help
researchers develop drugs for these ailments.

"This is the first commercialization of stem-cell technology,"
Garr said.

"People were thinking of transplantation, but the ability
to model human systems in a dish is really the beginning
of reaching the promise of stem-cell technology."

MetriGenix, which has 15 employees, is a spinoff of Gene
Logic Inc., a Gaithersburg company that sells access to
genetic information to biotechnology and pharmaceutical
companies. Established as a separate business last month,
the company has raised $15 million to develop the
Flow-Thru Chip, a new type of sensor for collecting
genetic data.

Such sensors, known as microarrays, are used by
researchers to study biological activity. Affymetrix Inc.
of Santa Clara, Calif., the world's leading maker of
microarrays, makes glass chips etched with thousands
of genes. The chips are used to detect and analyze
genetic activity associated with various diseases
and drugs.

The market for microarrays is expected to grow from its
current $300 million to $400 million to $4 billion to $5 billion
over the next five to 10 years, Garr said.

MetriGenix and NeuralStem plan to make more specialized
chips that focus on specific conditions associated with
the brain. For example, one type of neurochip might
contain 50 to 100 genes associated with Parkinson's
disease. A researcher could screen a compound against
the chip to see how the compound affects those genes.

The company plans to make neurochips focused on
depression, Alzheimer's disease and schizophrenia,
among other conditions.

MetriGenix and NeuralStem hope to deliver its first
product in six to nine months. It will be a chip packed
with genes associated with toxic effects in the brain.
The companies plan to sell the chips to biotechnology
and pharmaceutical companies.

"It would potentially enable pharmaceutical researchers
to screen their drug candidates for their effectiveness
and/or toxic effects early in the drug-discovery process,"
said Andrew O'Beirne, MetriGenix's president and chief
executive.

"So they only need to take forward drugs that appear
to be effective and have minimal toxicity into more
expensive testing programs."

SOURCE:  The Washington Post
http://www.washingtonpost.com/wp-dyn/articles/A45738-2001Aug7.html

* * *

----------------------------------------------------------------------
To sign-off Parkinsn send a message to: mailto:[log in to unmask]
In the body of the message put: signoff parkinsn