Editas Medicine Announces FDA Acceptance of IND Application for EDIT-101
EDIT-101 set to be the firstin vivoCRISPR medicine administered to people anywhere in the world
Earns$25 millionmilestone for IND acceptance from partnerAllergan
CAMBRIDGE, Mass.,Nov. 30, 2018(GLOBE NEWSWIRE) — Editas Medicine, Inc.(NASDAQ: EDIT), a leading genome editing company, today announced theU.S. Food and Drug Administration(FDA) has accepted the Company’s Investigational New Drug (IND) application for EDIT-101, an experimental CRISPR genome editing medicine being investigated for the treatment of Leber Congenital Amaurosis type 10 (LCA10).
“The FDA’s acceptance of our IND for EDIT-101 is a significant moment in the field of genome editing, and importantly, a critical milestone for patients, as we are now one step closer to a treatment for LCA10,” saidKatrine Bosley, President and Chief Executive Officer,Editas Medicine. “This moment is a truly exciting one for us, and we look forward to embarking on our next chapter as a clinical stage company, harnessing the power of CRISPR technology to transform the lives of people with serious diseases around the world.”
With the IND acceptance,Editas Medicinehas earned a$25 millionmilestone payment fromAllerganas part of the alliance between the companies to discover and develop experimental ocular medicines targeting serious, vision-threatening diseases.Editas Medicineand its partner,Allergan Pharmaceuticals International Limited(Allergan), a wholly-owned subsidiary ofAllergan plc, expect to enroll 10 to 20 patients in a Phase 1/2 open label, dose escalation study to evaluate the safety, tolerability, and efficacy of EDIT-101.
About EDIT-101EDIT-101 is a CRISPR-based experimental medicine under investigation for the treatment of Leber Congenital Amaurosis type 10 (LCA10).EDIT-101 is administered via a subretinal injection to reach and deliver the gene editing machinery directly to photoreceptor cells.
About Leber Congenital AmaurosisLeber Congenital Amaurosis, or LCA, is a group of inherited retinal degenerative disorders caused by mutations in at least 18 different genes.It is the most common cause of inherited childhood blindness, with an incidence of two to three per 100,000 live births worldwide.Symptoms of LCA appear within the first years of life, resulting in significant vision loss and potentially blindness.The most common form of the disease, LCA10, is a monogenic disorder caused by mutations in the CEP290 gene and is the cause of disease in approximately 20‑30 percent of all LCA patients.
AboutThe Editas Medicine-Allergan AllianceInMarch 2017,Editas MedicineandAllergan Pharmaceuticals International Limited(Allergan) entered a strategic alliance and option agreement under whichAllerganreceived exclusive access and the option to license up to five of Editas Medicine’s genome editing programs for ocular diseases, including EDIT-101.Under the terms of the agreement,Allerganis responsible for development and commercialization of optioned products, subject to Editas Medicine’s option to co-develop and share equally in the profits and losses of two optioned products in the United States.InAugust 2018,Allerganexercised its option to develop and commercialize EDIT-101 globally for the treatment of LCA10. Additionally,Editas Medicineexercised its option to co-develop and share equally in the profits and losses from EDIT-101 inthe United States.Editas Medicineis also eligible to receive development and commercial milestones, as well as royalty payments on a per-program basis.The agreement covers a range of first-in-class ocular programs targeting serious, vision-threatening diseases based on Editas Medicine’s unparalleled CRISPR genome editing platform, including CRISPR/Cas9 and CRISPR/Cpf1 (also known as Cas12a).
AboutEditas MedicineAs a leading genome editing company,Editas Medicineis focused on translating the power and potential of the CRISPR/Cas9 and CRISPR/Cpf1 (also known as Cas12a) genome editing systems into a robust pipeline of treatments for people living with serious diseases around the world.Editas Medicineaims to discover, develop, manufacture, and commercialize transformative, durable, precision genomic medicines for a broad class of diseases. For the latest information and scientific presentations, please visitwww.editasmedicine.com.