“The translation of tissue engineered heart repair for patients with heart failure is one of our major goals and perfectly in-line with our institutional strategies at the UMG, its vibrant Heart Center, and the German Center for Cardiovascular Research at its partner site Göttingen” stated Prof. Zimmermann.
Under the terms of the exclusive license agreement UMG will receive upfront payments, annual minimum license fees, clinical and commercial milestone payments and royalties. According to Dr. Jens-Peter Horst, CEO of MBM ScienceBridge GmbH, this agreement is exemplary for the successful transfer of fascinating academic innovations into a promising biotech startup.
With more than 20 million patients affected world-wide, heart failure is one of the most common, deadly, and costly diseases. One out of five individuals above 40 years of age is diagnosed with heart failure. Life expectancy is less than 12 months in severe cases. Classical drug therapy for heart failure is insufficient to stop disease progression and to restore function in the failing heart. Heart transplantation is and will remain very limited irrespective of measures to enhance donor organ allocation. Stem cell-based tissue engineering has the potential to provide a curative treatment option for patients with heart failure. The newly developed methods at UMG now allow for generation of human heart muscle under defined conditions from stem cells with promising preclinical evidence for its applicability as first-in-class engineered heart muscle therapeutic in heart failure.
Repairon GmbH is a young biotech company founded 2014 in Göttingen, which is developing and commercializing engineered tissues for organ repair. Its first lead tissue engineered product is engineered heart muscle for heart failure therapy. Prof. Dr. Zimmermann is co-founder of Repairon.
The Georg-August-Universität Göttingen was founded in 1737. As an internationally renowned research university it offers excellent facilities for teaching and research, worldwide networks, as well as a great research tradition - as well as a comprehensive range of more than 130 course subjects. Since 2003, the body legally responsible for the University has been a Public Law Foundation.
MBM ScienceBridge GmbH is a fully owned technology transfer organization by the University of Göttingen and acts on behalf of nine research institutions in Lower Saxony as a technology transfer interface to companies around the world. The IP portfolio managed by MBM ScienceBridge and in this case Dr. Stefan Uhle covers innovation in the areas of Life Sciences, Chemistry, Physics, Agriculture, Forestry and Medical Technologies.
www.sciencebridge.de, info(at)sciencebridge.de, +49-(0)551-30724151