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Vast Therapeutics, Inc announced that Chuck Swoboda has joined the company as President & CEO. Prior to joining the company, he spent more than 25 years at Cree, Inc, where he helped lead the company from $6 million in revenue to over $1.6 billion. During his 16 years as Cree CEO, the company was recognized as one of MIT Technology Review's 50 Smartest Companies and as one of Fast Company's World's 50 Most Innovative Companies. About Vast Therapeutics, Inc.
Vast Therapeutics, a subsidiary of KNOW Bio, LLC, a preclinical stage biotechnology company, focused on harnessing nitric oxide's unique properties to treat drug-resistant microbial infections. Vast Therapeutics' patented technology is being used to create a new class of antibiotic alternative compounds that deliver broad-spectrum antimicrobial activity without the risk of developing drug resistance common to traditional antibiotics. More info available at www.vasttherapeutics.com.
First definitive demonstration of nitric oxide efficacy against the SARS-CoV-2 virus
Research Triangle Park, N.C. (September 10, 2020) – KNOW Bio, LLC has generated the first definitive evidence that nitric oxide (NO) can inhibit viral reproduction of SARS-CoV-2, the human coronavirus that causes COVID-19. Nitric oxide is a molecule produced naturally by the body to regulate blood flow, control inflammation, and defend against invading microorganisms.
These milestone in-vitro experiments were conducted by testing multiple nitric oxide-releasing compounds against wild type SARS-CoV-2 virus at an independent laboratory with a deep history of antiviral research. Therapeutic doses (<200 µM) were applied to infected VERO E6 cells and showed a dose-dependent effect on viral replication. The result was a greater than 99.9% reduction in virus observed after 24 hours versus virus observed on untreated cells.
Furthermore, there was no cytotoxic impact (cell damage or cell death) on uninfected cells. “We are the first to confirm the potent biological activity of nitric oxide against SARS-CoV-2, the novel coronavirus that causes COVID-19,” said Neal Hunter, Chief Executive Officer, KNOW Bio, LLC. “As a leader in the development of NO-based therapies, we felt we were best positioned to establish that NO is effective against this virus.”
Previous reports have only speculated on the potential of nitric oxide to serve as a therapeutic for patients with COVID-19 or as a preventative countermeasure for those who are at risk of exposure to the virus.1 These conjectures were based in large part on prior published scientific evidence derived from studies conducted on the original SARS-CoV virus.
“The expansive literature supporting nitric oxide’s function as a broad-spectrum antimicrobial, shows that nitric oxide-based approaches can play a role in preventing, limiting, and/or treating the pulmonary consequences of COVID-19,” said Mark Schoenfisch, Ph.D., Chief Scientific Officer, KNOW Bio, LLC.
Nitric Oxide (NO) has been reported to:
“We have gained new understandings into the effective concentrations, rates of release and mechanism of action of nitric oxide against human coronavirus - providing valuable insights into safety and efficacy,” continued Schoenfisch.
Submission for publication and peer review is expected before year end. “There are millions of lives being disrupted and hundreds of thousands lost to this frightening virus,” Hunter continued. “Our findings clearly show that nitric oxide-based therapeutics must be a part of any well-thought response to the COVID-19 pandemic.” About KNOW Bio, LLC KNOW Bio, LLC is a life science incubator focused on using its extensive intellectual property portfolio in the field of nitric oxide to redefine the standard of care for a number of diseases and conditions. KNOW Bio forms subsidiaries to focus on specific therapeutic applications, assembles teams of experienced personnel in each, granting them equity in their respective subsidiary, with KNOW Bio retaining controlling ownership. The KNOW Bio platform delivers shared resources to support and accelerate the deployment and development of subsidiary scientific discoveries as well as helping craft effective clinical and regulatory strategies. Once the subsidiary has an appropriate opportunity, usually proof of concept in their target, we then pursue a sale, IPO or other financing involving that subsidiary to provide capital for the other operating companies and returns to investors. Vast Therapeutics, Inc., Revian Inc., Diabetic Health, Inc. and EmitBio, Inc. are companies that have emerged from the KNOW Bio platform. For more info: www.knowbiollc.com.
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Kelli Fletcher, Clairemont Communications k@clairemontcommunications.com (910) 538-2183 Investor Contact: John Oakley, Chief Financial Officer joakley@knowbiollc.com (919) 939-7715 Vast's Second Drug Candidate achieves 99% reduction of NTM
DURHAM, N.C., Oct. 22, 2019 -- Vast Therapeutics, Inc., a subsidiary of KNOW Bio, LLC, announces that BIOC11 eradicated 99% of the Nontuberculous Mycobacteria (NTM) in an in vivo animal model of infection; this data will be presented at the National Cystic Fibrosis Conference to be held in Nashville, Tennessee from October 31 to November 2, 2019. The NTM animal model is broadly recognized by the field as predictive for evaluating efficacy in humans. Dr. Diane Ordway, whose laboratory at Colorado State University developed the model and conducted the study, noted "To achieve this level of efficacy is impressive, and to do so without any observed negative effects on the animals is particularly exciting." "BIOC11 is an important expansion of our pipeline as it looks and acts more like a small molecule drug candidate rather than the larger biopolymers that we have shown efficacy with in the past," said Dr. Mark Schoenfisch, President and CSO of Vast Therapeutics. "Not only did we achieve 99% reduction in NTM counts, the activity was superior to traditional antibiotics, validating our belief in the superiority of our technology over traditional antibiotic treatments being used today. We are equally excited that the use of our drug candidate led to no adverse effects. Our proprietary water-soluble NO-releasing biopolymer technology, which delivers NO safely and at bactericidal levels for extended periods, reflects an advanced platform for the delivery of nitric oxide. The antibacterial activity of BIOC11 in this animal model of infection was similar to that of our other drug candidate, BIOC51, demonstrating that our nitric oxide-releasing biopolymer pipeline is deep with additional candidates. We look forward to progressing our development toward first-in-human clinical trials." In vitro, BIOC11 has eradicated every bacterial pathogen tested to date, including 25 species of both Gram-positive and Gram-negative bacteria, 21 distinct strains of Pseudomonas aeruginosa, and 35 antibiotic-resistant strains deemed superbugs by the Center of Disease Control and World Health Organization because of their severe threat to public health. Additionally, given the relationship between NTM and Tuberculosis, and the track record of these compounds in eradicating bacterial pathogens, the Company believes these compounds will also be effective against Tuberculosis. "Another drug candidate testing to this level of efficacy provides further evidence that Vast Therapeutics and KNOW Bio are at the forefront of antimicrobial technology," said Neal Hunter, CEO and Chairman of the Board of Vast Therapeutics and Managing Director of KNOW Bio, LLC. "With the CDC and WHO stating these types of infections are the most severe risk to our world, our materials systems will be a major factor in combatting this threat. Rapidly getting these products to patients of need is our focus and we've added considerable resources to make this happen. Vast Therapeutics is based in the Research Triangle Park area of North Carolina and runs a leveraged drug development model using a small team with high quality service contractors and suppliers. About Vast Therapeutics, Inc. Vast Therapeutics, a subsidiary of KNOW Bio, LLC, is an innovative, preclinical-stage pharmaceutical company focused on helping people who suffer from severe respiratory diseases to breathe better and live life more fully. The Company is initially focused on developing a nitric oxide-based drug to treat cystic fibrosis patients battling chronic Pseudomonas aeruginosa infections. The Company anticipates submitting an investigational New Drug application and initiating First-in-Human clinical trials in 2020. More info available at www.vasttherapeutics.com. About Mark Schoenfisch, PhD Mark Schoenfisch, PhD is President and Chief Scientific Officer of Vast Therapeutics and a Professor of Chemistry at the University of North Carolina at Chapel Hill. Mark is an active entrepreneur and the inventor of multiple macromolecular nitric oxide-release systems, guiding technologies from research discoveries to manufacturing and clinical trials. With 20 years of experience working with nitric oxide chemistry, Mark has published more than 100 peer-reviewed articles describing the synthesis, characterization, and application of nitric oxide-modified biomaterials. Prior to his current role, Mark co-founded Novan, Inc., where he helped guide the company to its IPO as a member of its Board of Directors. About Neal Hunter Neal Hunter is CEO and Chairman of the Board of Vast Therapeutics, Inc. and Managing Director of KNOW Bio, LLC. Prior to his current roles, Neal developed a 25-year track record of successfully raising capital for and building technology companies in the public and private markets, including co-founding Cree, Inc. and LED Lighting Fixtures, Inc. Neal also served as co-founder, co-founding investor or founding investor in over ten significant start-up ventures in the areas of semiconductor materials and devices, aesthetic materials, software, commercial and residential real estate, LED lighting systems and life sciences, where he developed his proven expertise in technology transfer, from inception of innovations to the creation of market-changing products. Forward-looking Statements Except for historical information, all the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: risks associated with the drug development process; reliance on key personnel; the early stage of our business and our need to raise additional capital to complete development of our drug candidates; competition; and other risks described in other Company press releases and presentations. KNOW Bio and Vast Therapeutics assumes no obligation and does not intend to update these forward-looking statements, except as required by law. Media Contact: Darlene Dendy, Vice President of Administration Vast Therapeutics ddendy@vasttherapeutics.com 919-270-5789 Investor Contact: John Oakley, Chief Financial Officer Vast Therapeutics joakley@vasttherapeutics.com 919-939-7715 Second Drug Candidate to Receive QIDP Designation for Vast DURHAM, NC – October 8, 2019 – Vast Therapeutics, Inc., a subsidiary of KNOW Bio, LLC, today announced that another of its drug candidates, BIOC11, has been designated as a “Qualified Infectious Disease Product” (QIDP) by the U.S. Food and Drug Administration. Vast is a preclinical-stage pharmaceutical company focused on treating respiratory infections through the power of nitric oxide (NO) in a synthetically derived powder-based form. The QIDP designation, granted for treatment of chronic pulmonary infections due to Pseudomonas aeruginosa in patients with cystic fibrosis, will make BIOC11 eligible to benefit from certain incentives for the development of new antibiotics provided under the Generating Antibiotic Incentives Now Act (GAIN Act). These incentives include priority review and eligibility for fast-track status. Further, if ultimately approved by the FDA, BIOC11 is eligible for an additional five-year extension of market exclusivity. “We are very pleased that the FDA has granted QIDP designation to BIOC11,” said Mark Schoenfisch, President and CSO of Vast Therapeutics. “BIOC11 reflects an advanced platform for the delivery of nitric oxide and demonstrates that our nitric oxide-releasing pipeline is deep with additional candidates. Chronic, persistent lung infections continue to increase in frequency and are a major factor impacting the quality of life and untimely mortality of patients across a broad spectrum of diseases. The QIDP designation will accelerate the advancement of BIOC11 regulatory approval as a potential treatment for these patients.” The QIDP designation was created by the Generating Antibiotic Incentives Now (GAIN) Act and creates incentives for the development of certain antibiotics that treat serious or life-threatening infections. The primary incentives are an additional five-year extension of Hatch-Waxman Act exclusivity, as well as priority FDA review of the first marketing application or efficacy supplement for BIOC11 and the indication for the QIDP designation with an opportunity to request Fast Track designation for BIOC11 “The designation of BIOC11 to QIDP status is yet another achievement for Vast and the KNOW Bio group,” said Neal Hunter, CEO and Chairman of the Board of Vast Therapeutics and Managing Director of KNOW Bio, LLC. “This designation for a new materials system underscores our commitment to foundational drug product technology. The QIDP success should decrease the timeline to serve our patients and deliver value to our shareholders.” Vast Therapeutics is based in the Research Triangle Park area of North Carolina and runs a leveraged drug development model using a small team with high quality service contractors and suppliers. About Vast Therapeutics, Inc. Vast Therapeutics, a subsidiary of KNOW Bio, LLC, is an innovative, preclinical-stage pharmaceutical company focused on helping people who suffer from severe respiratory diseases to breathe better and live life more fully. The Company is initially focused on developing a nitric oxide-based drug to treat cystic fibrosis patients battling chronic Pseudomonas aeruginosa infections. The Company anticipates submitting an investigational New Drug application and initiating First-in-Human clinical trials in 2019. More info available at www.vasttherapeutics.com. About Mark Schoenfisch, PhD Mark Schoenfisch, PhD is President and Chief Scientific Officer of Vast Therapeutics and a Professor of Chemistry at the University of North Carolina at Chapel Hill. Mark is an active entrepreneur and the inventor of multiple macromolecular nitric oxide-release systems, guiding technologies from research discoveries to manufacturing and clinical trials. With 20 years of experience working with nitric oxide chemistry, Mark has published more than 100 peer-reviewed articles describing the synthesis, characterization, and application of nitric oxide-modified biomaterials. Prior to his current role, Mark co-founded Novan, Inc., where he helped guide the company to its IPO as a member of its Board of Directors. About Neal Hunter Neal Hunter is CEO and Chairman of the Board of Vast Therapeutics, Inc. and Managing Director of KNOW Bio, LLC. Prior to his current roles, Neal developed a 25-year track record of successfully raising capital for and building technology companies in the public and private markets, including co-founding Cree, Inc. and LED Lighting Fixtures, Inc. Neal also served as co-founder, co-founding investor or founding investor in over ten significant start-up ventures in the areas of semiconductor materials and devices, aesthetic materials, software, commercial and residential real estate, LED lighting systems and life sciences, where he developed his proven expertise in technology transfer, from inception of innovations to the creation of market-changing products. Forward-looking Statements Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: risks associated with the drug development process; reliance on key personnel; the early stage of our business and our need to raise additional capital to complete development of our drug candidates; competition; and other risks described in other Company press releases and presentations. KNOW Bio and Vast Therapeutics assumes no obligation and does not intend to update these forward-looking statements, except as required by law. Media Contact:
Darlene Dendy, Vice President of Administration Vast Therapeutics ddendy@vasttherapeutics.com 919-270-5789 Investor Contact: John Oakley, Chief Financial Officer Vast Therapeutics joakley@vasttherapeutics.com 919-939-7715 Follows $25 Million in Corporate Commitment Last December
Company’s Novel Anti-Infective Has Robust Runway Durham, N.C., May 15, 2019 /PRNewswire/ -- KNOW Bio, LLC, (the Company or KNOW Bio), an RTP based conglomerate of biotechnology and MedTech companies, announced today that the Company has completed its next round of financing with a single investor, Reedy Creek Investments, LLC (Reedy Creek). The financing provides $30 million in additional funds for research & development and general operations. Vast Therapeutics, one of the Company’s majority owned subsidiaries, is working on a range of products with the top objective to deliver solutions to battle respiratory infections in patients with cystic fibrosis (CF). Currently, 80% of the CF population will succumb to infections in what is now an average lifespan of 40 years. The Company has eradicated 29 strains of Pseudomonas aeruginosa (PA), the primary pathogen that causes the majority of exacerbations in CF patients. At all ages, CF patients are at risk of being hospitalized for months at a time using antibiotics capable of only managing the PA infection. The Company’s therapeutics in development have shown efficacy in both in vitro lab testing and in animal models including the ability to eradicate the aggressive bacteria from the sputum of actual CF patients. Neal Hunter, CEO and Chairman of the Board of Managers of KNOW Bio stated “The ability to partner with Reedy Creek is a real benefit for our company and prospective patients. With this investment, our team will push forward advancement of our research in nitric oxide-enabled technologies at a more rapid pace as we have a duty to get this promising technology into patients of need. Our objective is to completely disrupt the paradigm of treating infections, especially antibiotic-resistant bacteria. We believe our technology can solve a major problem at a time when that problem is creating a dire situation for public health. This investment will allow us to take multiple drug candidates forward in parallel and complete studies at a faster pace bringing a solution to those in need much more quickly. We look forward to the great things ahead for our Company, investors and most importantly, those prospective patients.” John Oakley, the Company’s CFO added, “It’s an important time at KNOW Bio. We have now matched our technical innovation with strong financial execution that can allow us to execute a multi-year, robust plan across our subsidiaries. While our plan is to build out teams for each operating company and add needed equipment and facilities, we will continue to operate using a strategy of leveraging our small team with effective partners. Such a system utilizes capital more efficiently by keeping fixed costs low while maximizing productivity.” KNOW Bio is expanding its team in selected high impact areas by initiating searches for a Vice President of Drug Development, Chief Medical Officer, Clinical Operations Specialist, B2C Sales Director for Medical Devices and a Controller for the combined group. Contact the Company if you would like to join this fast-paced team to bring needed solutions to today’s world. About KNOW Bio, LLC KNOW Bio, LLC is a life science company focused on using its extensive intellectual property developed internally as well as licensed patents and applications in the field of nitric oxide across a vast majority of therapeutic applications to redefine the standard of care in a number of diseases and conditions. Vast Therapeutics, Inc. (www.vasttherapeutics.com) and Revian, Inc. (fomerly PhotonMD, Inc.) are two companies that have emerged from the KNOW Bio platform. Corporate strategy involves forming subsidiaries to focus on specific diseases and conditions, assemble teams of experienced personnel in each and incentivize them to succeed by granting them equity in their respective subsidiary, with KNOW Bio retaining controlling ownership of each unless and until an appropriate opportunity for a subsidiary sale, IPO or other financing makes sense. About Neal Hunter Neal Hunter, Chairman of the Board and CEO of Vast Therapeutics, has a 25-year track record of successfully raising capital for and building technology companies in both the public and private markets beginning as a Co-founder of Cree, Inc. Mr. Hunter served multiple roles at Cree, including as the public company CEO and Chairman from 1994 to 2001 and then Chairman until 2005. He was also instrumental in the creation and start-up of LED Lighting Fixtures, Inc. which he co-founded in 2005 to accelerate the use of LEDs in general illumination applications and sold in 2008 for over $100M. In total, Mr. Hunter has been either co-founder, founder, co-founding investor or founding investor in over ten significant start-up ventures in the areas of semiconductor materials and devices, aesthetic materials, software, commercial and residential real estate, LED lighting systems and life sciences. Mr. Hunter’s proven expertise in technology transfer, from inception of innovations to the creation of market-changing products, has led to the transition to his new role as Managing Director of KNOW Bio. Forward-looking Statements Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: risks associated with the drug development process; reliance on key personnel; the early stage of our business; competition; and other risks described in other Company press releases and presentations. KNOW Bio and its subsidiaries assume no obligation and do not intend to update these forward-looking statements, except as required by law. Media Contact: Darlene Dendy, Director of Administration ddendy@vasttherapeutics.com 919-270-5789 Investor Contact: John Oakley, Chief Financial Officer joakley@vasttherapeutics.com 919-939-7715 |
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