Just two days after receiving approval from the UKs drug regulator to start a Phase I trial, Eleusis and blank check partner Silver Spike canceled their SPAC agreement, due to current unfavorable market conditions.. Psychedelic Science Leader Eleusis to Become Public Company in Merger with Silver Spike Acquisition Corp. II, Eleusis Accelerates Psychedelic Drug Discovery and Development Team with Appointment of David Nichols, Ph.D., as Director of Molecular Pharmacology, Eleusis Launches Clinical Development of Psychedelic Infusion Therapies for Major Depressive Disorder and Acquires Kalypso Wellness Centers, LSU Health Foundation, New Orleans and Foundation Board of Directors Announce Strategic Investment to Support Prevention and Treatment of Inflammatory Eye Disease, Interview with Shlomi Raz, CEO and Chairman of Eleusis, COMPASS Pathways appoints Kabir Nath as Chief Executive Officer, Mydecine Files Full Patent Application Covering MYCO-006 Family of Novel Short-Acting MDMA Analogs, Algernon Pharmaceuticals Hits Co-Primary Endpoint in its Phase 2 Study of Ifenprodil for Idiopathic Pulmonary Fibrosis and Chronic Cough, Psychedelic Investor Pulse Survey Results (Summer 2022), George Tziras to Succeed Peter Rands as Small Pharma Chief Executive Officer. Latham & Watkins uses cookies which are essential for the operation of our website.
They accomplish this by understanding how to mitigate and manage their psychoactivity. The latest news from across the psychedelics space. Tiragolumab racked up a second straight Phase III fail back in May when it missed the progression-free survival co-primary endpoint as a first-line treatment combined with Tecentriq for PD-L1-high patients with non-small cell lung cancer. We appreciate your interest in Latham & Watkins. 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These services are provided in Europe by Google Ireland Limited and elsewhere by Google LLC and affiliated Google Entities. Silverback had fallen on hard times earlier this year, axing its two lead I/O candidates to send it back to the preclinical drawing board and laying off 27% of its staff back in April. Life Sciences. A monthly review of the most important psychedelics research. So Is the Generator Powering Your Aircon. The battle over whether Biogens Alzheimers drug Aduhelm actually helps patients may never end, but in a recent SEC filing, Biogen, at least for accounting purposes, now says its $230 million stash of Aduhelm should be considered worthless. Global Director of Communications Culture & Citizenship And Endpoints grew a lot during that time. The U.K.-based company will combine with Silver Spike Acquisition Corp. II in a deal with an enterprise value of $446 million, according to a statement Thursday that confirmed an earlier Bloomberg News report. Although Verve Therapeutics did not come up with a gene editing technology itself, its work applying base editing in cardiovascular diseases going from launch to first-in-human dosing in just over three years has caught the eye of Vertex. Company will be valued at $446 million after combination, Psilocybin-based drug to enter early stage human trials soon, Musk Lieutenant Scrutinized inInternal Tesla Purchasing Probe, These Are the Worlds Most (and Least) Powerful Passports in 2022, ECB Rushes to Tighten as Half-Point Hike Matched by Crisis Tool, Russia Resumes Nord Stream Gas Flow, Bringing Europe Respite, Ford Plans Up to 8,000 Job Cuts to Help Fund EV Investment. But 19 months after he stepped aside from his wounded biotech after a CRL crushed its initial game plan for NASH the longtime vet is getting up off the biotech board bench and getting back in the game, once again quarterbacking a startup that has some very familiar grand ambitions. Advice was also provided on UK corporate matters by London partners Robbie McLaren and Douglas Abernethy and associates Alayna Kenney and Hafza Hussein; on tax matters by New York partner Matthew Dewitz, London partner Karl Mah, and London counsel James Leslie; on benefits and compensation matters by London partners Sarah Gadd and Kendall Burnett and New York partner Austin Ozawa, and associates Daniel Gocek and Adam Ray; on intellectual property matters by Bay Area partner Christopher Hazuka; on healthcare regulatory matters by Washington, D.C. partner Elizabeth Richards, Paris/Brussels partner Eveline Van Keymeulen, and Bay Area counsel Betty Pang; on real estate matters by New York counsel Shira Bressler; on antitrust matters by Washington, D.C. counsels Peter Todaro and Joe Simei; on Investment Company Act matters by Chicago partner Laura Ferrell; on CFIUS matters by Washington, D.C. partner Damara Chambers, and on general corporate matters by Boston/New York partner Kristen Grannis and London partner Emily Cridland. We would like to use Google Analytics to analyse how visitors interact with our site so that we can continue to develop and improve it. Unlock this story instantly and join 146,000+ biopharma pros reading Endpoints daily and it's free. one-time use only and expires after 24 hours. View contacts for Eleusis to access new leads and connect with decision-makers. Eleusis, a health-care company focused on using psychedelic drugs as medicines, is going public through a merger with a blank-check firm. WO2019079742A8 | Methods and systems for enhancing safety of psychedelic drug therapies, Priority Date: 2017-10-19 | Status: Published, General Subject Matter: Screening a candidate for treatment with psychedelic agent, including psilocybin, US20200147038A1 | Assessing and treating psychedelic-responsive subjects, Priority Date: 2017-04-20 | Status: Pending in US, General Subject Matter: Improving mental or physical well-being by administration of a psychedelic, including psilocybin, Psychedelic Alpha is an independent newsletter and community that strives to empower a diverse constellation of individuals and organisations with the knowledge, network and nuance to make an impact within the field of psychedelic medicine and beyond. Geoff Burt NEW! Chief Communications Officer John Carroll, founder and editor of Endpoints News, with Sebastian Guth, Bayer Pharmaceuticals' president for the Americas, at an Endpoints News event in San Diego on June 14, 2022, Severin Schwan and Thomas Schinecker (Roche), Severin Schwan, outgoing Roche CEO (via Getty Images), Psychedelics startup Eleusis axes SPAC deal, but CEO confident its IV psilocybin therapy will enter clinic next month. And were thrilled to jump right back in. Director of PR & Communications US Eleusis was founded in 2013, and claims to bethe firstcompany in the world dedicated to transforming psychedelics into medicines. We would also like to use analytics cookies to help us understand how visitors use our site so we can continue to improve it, but we will only do so with your consent. +1.202.637.1081, Mindy Rubinstein
Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Psychedelic Science Review is working to bring cutting-edge science in the field of psychedelics to the public in the most accessible, thorough and accurate way possible. Shop the PSR Supporter Store to show your support for psychedelic science. With giants like Bayer, Moderna, Vertex and others signaling that gene editing will be a key driver of their future pipelines, how will the industry leverage this new frontier of genomic technology? If you agree to the use of these analytics cookies, please move the slider to On. Please refer to the. Mark Pruzanski spent more than 18 years growing Intercept from a startup to a commercial player looking for a landmark approval treating NASH. Latham & Watkins meets clients needs by understanding the industries in which they operate. December 2019. doi:10.1007/s00213-019-05417-7, Flanagan TW, Sebastian MN, Battaglia DM, Foster TP, Maillet EL, Nichols CD. We'll e-mail you a link to set a new password.
Founded in 2013, Eleusis is one of the early movers in the psychedelic medicine space, with a two-pronged approach harnessing psychedelics for both anti-inflammatory and mental health applications. Latham & Watkins LLP represents Eleusis in the transaction with a transactional team led by Bay Area/New York partner Josh Dubofsky, Orange County partner Drew Capurro, New York partner Erika Weinberg, New York associate Kristin Rulison, Bay Area partner Haim Zaltzman, and associates Faisal Amin, Christopher Lloyd, Raul Gonzalez, David Califano, and Francisco Lascurain. Bankruptcy Litigation & Creditors Rights, Consumer Class Actions & Multi-District Litigation, Executive Compensation, Employment & Benefits, Export Controls, Economic Sanctions & Customs, Securities Litigation & Professional Liability, Special Purpose Acquisition Companies (SPACs), Healthcare Regulatory Enforcement & Fraud Defense, Intellectual Property and Software Licensing. Prior results do not guarantee a similar outcome. Located in business centers across the globe, the lawyers of Latham & Watkins come from all regions of the world to practice within its fully integrated, one-firm structure. 2019;236:116790. doi:10.1016/j.lfs.2019.116790. As debate rages on Capitol Hill over whether to add riders, and which riders to add, to the must-pass FDA user fee legislation, the Congressional Budget Office on Thursday made clear that the Senate version will reduce the federal deficit by about $1.4 billion over the next 10 years. Endpoints has a tradition of convening our audience of biopharma pros in major hubs worldwide since our start in 2016. Director of PR & Communications Europe and Middle East magic link that lets you log in quickly without using a password. Psychedelics as anti-inflammatory agents. Today, gene editing remains one of the most gripping topics in biopharma and a recent wave of partnerships may move the industry even closer to broad, curative treatment for genetic disease. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. The shuffle at the top comes as Roche has steadily beefed up its early-stage pipeline while vigilantly guarding its position as one of the top drugmakers around the world. But theres nothing quite like being with your colleagues at a live event. We are lucky enough to be able to learn from more than 20 years of experience in psychedelic research.
The room was packed and electric. Bank of Japan Should Stop Meddling in Financial Markets, A Chef Tackles Inequality by Opening Farms in Black Communities, The US Has Lost Its Way on Computer Chips, Macau Casino Crash Shifts Worlds Gambling Crown to Las Vegas, Despite Abes Push, Women Still Largely Absent From Japan Boards, Planned Parenthood Workers at 28 Clinics Vote to Unionize, Trucker Protest Keeps Dockworkers From Work at Key California Hub, Biden Balked Late at Bold Climate Decree After Rush to Get Ready, EDF Asks UK to Trigger Force Majeure in Hinkley Nuclear Contract, Why Neighborhoods and Small Businesses Thrive in Tokyo, Pennsylvania County Could Become First to Divest From Wells Fargo Over Abortion, Boston Train Fire Adds to Troubled Safety Record atTransit Agency, Crypto Crash Be Damned, Some Workers Still Choose Digital Pay, Indonesia Plans Wholesale Digital Currency to Improve Transfers. Safety, tolerability, pharmacokinetics, and pharmacodynamics of low dose lysergic acid diethylamide (LSD) in healthy older volunteers. Roches tiragolumab flop earlier this quarter set the program back at least a year, Severin Schwan revealed on the companys Q2 call but the outgoing CEO remains hopeful that the pharma giant can salvage a lot of that value.. Join our communities on Facebook, Twitter, LinkedIn and Instagram and share our content with your network to help us bring scientifically-backed information about psychedelics to the world. Silverback Therapeutics put out word Thursday afternoon that the Seattle biotech is reverse-merging with ARS Pharmaceuticals, with the new company keeping the ARS name and trading under the ticker $SPRY. Six years after being founded, a Seattle biotech backed by OrbiMed is saying goodbye in a classic reverse merger while another jumps to Nasdaq. Our strategic partnership with the Beckley Foundation is very important to Beckley Psytech as a company. Thank you for your understanding. The changeover will take place at the companys annual general meeting in March as Christoph Franz, chairman since 2014, decided not to seek re-election to the board. Overnight on Wall Street is daytime in Asia. Vertex is handing over $25 million in cash plus a $35 million equity investment to ally itself with Verve around an in vivo gene editing program for an undisclosed liver disease. No spam, just valuable information. Eleusis is a clinical stage life science company dedicated to unlocking the therapeutic potential of serotonin 2A receptor agonists, commonly referred to as psychedelics, through the mitigation and management of psychoactivity, Edit Lists Featuring This Company Section, Heres Which VC-Backed Companies Are Going Public Via SPAC In 2022 (So Far), Psychedelics startup Eleusis axes SPAC deal, but CEO confident its IV psilocybin therapy will enter clinic next month, From Finance To Psychology, Shlomi Raz, CEO Of Eleusis: Meet Our Speakers, Biotechnology Companies with Early Stage Venture Funding, Companies With Fewer Than 50 Employees (Top 10K). As of December 31, 2021, we had approximately $223.0 million of ADUHELM inventory.. We quickly built a serious virtual events platform and developed big audiences around those online channels. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. 5-HT2 receptor activation alleviates airway inflammation and structural remodeling in a chronic mouse asthma model. Latham & Watkins LLP has office locations in Austin, Beijing, Boston, Brussels, Century City, Chicago, Dubai, Dsseldorf, Frankfurt, Hamburg, Hong Kong, Houston, London, Los Angeles, Madrid, Milan, Moscow, Munich, New York, Orange County, Paris, Riyadh,* San Diego, San Francisco, Shanghai, Seoul, Silicon Valley, Singapore, Tel Aviv, Tokyo, and Washington, D.C. Find a person by name or search via surname initial, 2021 Robert M. Dell Prize for Extraordinary Pro Bono Service, Latham & Watkins Advises Eleusis in US$446 Million Merger with Silver Spike Acquisition Corp. II. Psychedelic Alpha 2022, All Rights Reserved. Dr. Nichols pioneered research into the role of serotonin 5-HT2A receptors in chronic inflammation.3,4. Live market coverage co-anchored from Hong Kong and New York. Will We Care About It Now? Insights and interviews delivered to your inbox. It exceeded all our expectations, which wasnt a given, with the pandemic changing the nature of live events. Psychopharmacology. 2022 Psychedelic Science Review | About PSR | Contact Us | Terms & Privacy Policy, Eleusiss Phase I Alzheimers Trial Finds Favorable Safety & Tolerability of LSD in Older Volunteers, Flanagan TW, Nichols CD. Roche CEO Severin Schwan will be moving to the board chairman role in a few months, making room for Thomas Schinecker the current chief of the diagnostics division to take the helm of the Swiss pharma conglomerate. By Evaluates estimate, it is set to rank second on the list of largest pharmas by 2028, falling just a tad behind AbbVie. Discoveries across the natural environment deriving in vivo and ex vivo biotechnologies have ushered a floodgate of development possibilities. Active, Closed, Last funding round type (e.g. You can change your browser settings to disable these cookies, but it may affect your ability to access and use the site. Bloomberg Markets: China Open is the definitive guide to the markets in Hong Kong and on the mainland. Its not just the foundations scientific understanding about these compounds, its also their experience of navigating regulations to conduct research on controlled drugs, and the global network of academic collaborators that they have built up over the decades. Eleusis, one of the leading companies focusing on the potential of psychedelic science and the delivery of psychedelic medicine for the improvement of depression and other mental health illnesses, and Silver Spike Acquisition Corp. II, a publicly traded special purpose acquisition company sponsored by an affiliate of Silver Spike Capital, have announced that they signed a definitive business combination agreement expected to make Eleusis a public company. Congratulations to the teams supporting the Elijah McClain Investigative Panel and leading the US Census litigation. Schwan said on Thursday that he was personally very disappointed in the readout. Congress has until the end of September to reauthorize the user fees, which the FDA collects for its review of prescription drugs, generics, biosimilars and medical devices.
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