GlobeNewswire by notified

LIfT BioSciences Awarded Innovate UK Grant to Accelerate Product Development of New IMAN Cell Therapy Variants

Share

LIfT BioSciences Awarded Innovate UK Grant to Accelerate Product Development of New IMAN Cell Therapy Variants

  • Groundbreaking in vivo studies will be progressed to explore the impact of IMAN cell therapies in solid tumour and immunology models uniquely available at the Saeb-Parsy Lab at the University of Cambridge

London, 16 May 2024 – LIfT BioSciences, (‘LIfT’ or ‘the Company’), a rapidly emerging biotech company about to start clinical trials for its first-in-class allogeneic innate cell therapy, today announces it has been awarded a grant of over one million pounds from Innovate UK, the UK’s innovation agency. The grant will enable LIfT to show for the first time, how its immunomodulatory alpha neutrophils (IMANs) recruit immune cells in vivo to attack tumours using a new type of translational humanised mouse model suitable for human neutrophils. The new in vivo model will enable LIfT to rapidly assess the potential of different, new, product variants, tumour types and combination therapies prior to putting them into path to the clinic, thereby accelerating the development of LIfT’s IMAN cell therapy pipeline for the treatment of solid tumours and auto-immune disease.

The Innovate UK grant will fund a unique, world-class industry-academia collaboration between LIfT Biosciences and the world-leading Saeb-Parsy Lab (SPL) at the University of Cambridge, with the aim of investigating the impact of LIfT’s IMAN cell therapies in solid tumour and immunology indications using the cutting-edge humanised in vivo model systems developed at SPL.

SPL has developed and optimized cutting-edge tumour-bearing humanised mice which are essential for true modelling of IMAN safety and efficacy. Data generated from this collaboration will be integral for the better understanding of the mechanism of action (MoA) of IMANs and its potential for combination approaches in solid tumours and immunology, enabling LIfT to investigate its immunomodulatory and cytotoxic mechanisms.

IMANs’ ability to modulate the hostile solid tumour microenvironment (TME) is fundamental to their MoA. Standard in vivo tumour models in immunodeficient mice lack the necessary human immune system components to investigate recipient immunomodulation, underplaying the effectiveness of cell therapy modalities by only assaying direct cytotoxicity. SPL's humanised models use xenografted patient-derived tumour material (PDX), which allows a closer approximation of tumour architecture and component subsets that comprise the solid TME, more closely representing the modelling of the TME as would be encountered during human clinical trials. Of particular interest is how IMANs recruit and activate T-Cells and NK cells, and work with monoclonal antibodies (mAbs) on the Antibody-Dependent Cellular Cytotoxicity (ADCC) pathway to deliver antitumor antibody efficacy through lethal trogocytosis.

Alex Blyth, Chief Executive Officer of LIfT BioSciences, commented:The awarding of this grant from Innovate UK, the UK’s innovation agency, is an exciting step that will help expedite our pipeline of new products and their combinations into the clinic and will improve outcomes through the foresight it provides. Current standard mouse models do not have the right chemokines and growth factors to support human neutrophils optimally. Tumour-bearing humanised mice that have been adapted to support human neutrophils are therefore very useful for more accurate modelling of the effects of neutrophils for early insights into what we might see in human trials. We will now conduct groundbreaking in vivo studies to explore the impact of IMAN cell therapies in solid tumour and immunology models uniquely available at the Saeb-Parsy Lab.”

Kourosh Saeb-Parsy, Professor of Transplantation at the Department of Surgery at University of Cambridge, commented:“LIfT’s IMANs have a unique multimodal mechanism of action which suggests they have the potential to overcome the limitations of current immunotherapies in solid tumours.  Our group has developed and optimized cutting-edge humanised in vivo solid tumour models which are particularly suited for investigation of therapeutics with immunomodulatory properties, such as IMANs.  We are very excited to be working with LIfT on this project and are grateful for this funding from Innovate UK.”

LIfT is developing its ground-breaking patented IMAN product as an allogeneic cell therapy for the treatment of solid tumours. IMANs have the capacity to directly kill tumour cells in an innate antigen-independent manner while recruiting and immunomodulating host immune effector cells such as T cells and NK cells, to give a durable response and long-lasting anti-tumour immunity. LIfT’s IMANs are generated using LIfT’s proprietary Neutrophil-based Leukocyte Infusion Therapy (N-LIfT) platform, with future iPSC-derived and gene engineered products in the pipeline.

-End-

About LIfT BioSciences

LIfT BioSciences is a biotech bringing to market a first-in-class alpha neutrophil cell therapy that overcomes the limitations of current therapies in solid tumours by destroying tumours both directly and indirectly. LIfT’s Immunomodulatory Alpha Neutrophils (IMANs) turn the tumour microenvironment against the tumour as they recruit the rest of the immune system to destroy the tumour to give a durable response and lasting immunity. The patented breakthrough N-LIfT platform is produced from a patented process using exceptional stem cells (iPSC or HSC), a proprietary enhancement media and genetic engineering (e.g. CARs).

LIfT is working towards expanding LIfT's immunomodulatory therapy approach into other therapeutical areas such as immunology, neurology and antimicrobial resistance. LIfT is committed to delivering complete remission in high unmet need solid tumours before the decade is out. LIfT BioSciences was founded by Alex Blyth following the death of his mother to pancreatic cancer. See www.liftbiosciences.com.

Further information

Investors & Media:
Alex Blyth



ICR Consilium
Mary-Jane Elliott, Namrata Taak, Lindsey Neville
+44 (0)7718 759116ablyth@LIfTBioSciences.com



liftbiosciences@consilium-comms.com

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

HiddenA line styled icon from Orion Icon Library.Eye