Antoxerene Closes $10 Million Deal with Juvenescence to Develop Small Molecule Drugs for Diseases of Aging
LAFAYETTE, N.Y.–Antoxerene, Inc., a portfolio company of Ichor Therapeutics, Inc., focused on small molecule drug discovery for pathways of aging, announced today the launch of a joint venture with Juvenescence Limited. The joint venture, called FoxBio, Inc., will develop Antoxerene’s collection of small molecules that target senescent cells. Juvenescence will support the venture with $10 million in equity financing and drug development expertise.
“There has been a lot of interest surrounding the therapeutic applications of senolytic drugs – compounds that clear toxic senescent cells – particularly with respect to age-associated disease” said Kelsey Moody, CEO at Antoxerene. “As molecular pathways unique to senescent cells have begun to be identified, we can now develop drugs to target these pathways. We are eager to work with the Juvenescence team, whose experience in drug development, technical depth, and visionary leadership will help us to deliver on the immense potential of this field.”
Commenting on this deal, CEO of Juvenescence Dr Bailey said, “this is one of the main focuses of Juvenescence – modify aging through the clearance of senescent cells”. He added, “FoxBio plays to both companies’ strengths, which is why we are excited about working with the Antoxerene team. We are fascinated with the Antoxerene platform and its ability to discover intriguing compounds in the area of senescence. This is a great fit with Juvenescence’s track record in drug development, so FoxBio is a very exciting new company in the area of longevity.”
“We feel privileged to have received such staunch support for this program from its inception by our founding investors, including Kizoo Technology Capital, and several angels moving forward Kizoo will be a founding shareholder of FoxBio”, said Aaron Wolfe, COO at Antoxerene. “These are exciting next steps towards developing targeted small molecule senolytics, and we are grateful to partner with Juvenescence.”