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December 2007

 
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BioRelix & Vascular Insights Launch BioHaven Series
CURE Member News Digest
BioRelix & Vascular Insights Launch BioHaven Series

The Yale BioHaven Entrepreneurship Series, presented by CURE and Yale OCR,  launched its 2007-2008 schedule with presentations by two local Yale spin-outs: BioRelix, which is developing antibiotics that target microbial RNA, and Vascular Insights, which will market a new device for treating varicose vein disease.

Speaking for BioRelix on Oct 24 was Ronald Breaker, Ph.D., the company founder and Henry Ford II professor in the the department of molecular, cellular and developmental biology at Yale University, who told the scientific and technical side of the company's story. Joining him to discuss the business side was Ronald W. Lennox, partner at CHL Medical Partners and the interim CEO of the company during its early months. Also speaking was Dr. Brian Dixon, who had joined the company just the previous week as the new CEO.

Speaking on the scientific and technical side for Vascular Insights Nov 13 was Michael Tal, M.D., co-founder of and chief medical advisor to the company, and associate professor of radiology at Yale School of Medicine. Joining him to discuss the business side was John P. Marano, Jr., Ph.D., co-founder, president, and CEO.

Market estimates suggest that varicose vein disease affects between 75 and 150 million people in North America and Western Europe, making the market for varicose vein disease one of the largest markets for any chronic condition in the developed world.

With technology licensed from Yale University and its own intellectual property, Vascular Insights is developing the ClariVein-VA™ vascular ablation device. The device allows varicose vein disease correction with a simple-to-use, minimally invasive, small caliber (2 2/3 French), soft, flexible infusion catheter.

While reducing procedure time, ClariVein-VA™ requires no anesthetic, no surgery, no hospitalization and no discomfort. A vascular sheath is unnecessary and wire exchanges are eliminated, no tumescent anesthetic is required, and there is no costly, cumbersome generator to buy, lease, or maintain.

With seed funding in place, the company is currently seeking strategic partners to share risk and accelerate product development.

BioRelix owns a world-wide license to develop and market RiboSwitch™-target antibiotics. “RiboSwitches™” are short stretches of messenger RNA that bind small metabolites and control genes that are essential for the survival of many disease-causing microbes. Each class of RiboSwitch™ could potentially serve as a novel antibacterial drug target.

Long recognized as reliable drugs, antibiotics have become a $30 billion per year industry. But patents for many antibiotics will expire in the next few years, and all classes of antibiotics are encountering wide-spread resistance from the bacterial pathogens at which they are aimed.

In June of 2007, BioRelix raised almost $26 million in a first funding round.

 
 
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