Metavo Life Sciences Inc.
Executive Summary
Metavo Life Sciences Inc. and Metavo LLC, a
Texas Limited Liability Company (“Metavo” ) is a new venture based on
science to delay the physiological changes associated with aging.
Metavo was formed to develop and market products to maintain health,
body functionality and well-being by aiming at the root molecular
causes of the aging process. Many natural products exist that
improve health and extend lifespan. http://www.uttx.com/metavo.html.
These natural molecules modulate cells and tissues to extend the period
of healthy, functional, independent existence. Metavo is utilizing
technologies that improve and extend healthy existence and expects to
translate these technologies into marketable products to delay, with
the hope of avoiding, the debilitating conditions that are considered
‘normal’ in old age.
Metavo has a provisional funding commitment of matching investment
money from CentreStone Ventures LP, a Canadian Life Sciences focused
venture capital fund, up to US$ 1.0 million.
Metavo was formed under the guidance of Genesys
Venture Inc.. [GVI] is a company dedicated to the development of
biotechnology ventures. http://www.genesysventure.com
Genesys Venture Inc. (“GVI”), Winnipeg, Canada, provides the expertise,
experience and energy required to manage emerging health and
biotechnology ventures. Led by bio-entrepreneur Dr. Albert
Friesen, the GVI team has extensive experience in helping to develop
innovative life-sciences companies and presently has mentored a stable
of several public companies. The most notable companies being Mantex,
Inc. now part of Gilead Sciences Inc. and Medicure, Inc., a public
cardiovascular pharmaceutical venture having a market capitalization of
over $145 million. The latest GVI company, Diamedica, Inc.is [Jan-Feb
2007] pursuing an initial stock offering [IPO] on the Toronto Stock
Exchange.
The driving force behind Metavo is Geoffrey Grant,
Ph.D. http://www.uttx.com/Grant.html an emeritus professor,
biochemist and expert on aging who has extensive experience
commercializing university based technologies. Dr. Grant has been a
scientist at the Salk Institute, a successful entrepreneur and most
recently a technology development business manager at the University of
Texas.
Metavo technologies are being licensed from several
renown research institutes, the most notable being the Salk Institute
in San Diego, CA. In his laboratory at Salk, Dr. David Schubert
has spent a lifetime working on the preservation of the brain and nerve
cells, and, in particular, have focused upon solutions to the neural
and cognitive decline in Alzheimer’s disease. The laboratory has
developed pharmaceutical molecules that are related to, but 100-1000
times more active than, the bioflavonoids [such as fisetin and
biacalein], the polyphenol, resveratrol, and the Indian spice,
curcumin. These molecules are natural ingredients found in a wide
variety of fruits, vegetables as well as exotic plants. They have been
shown over the past decade to have a wide range of medicinal properties
that include the ability to inhibit cancer cell growth, block
inflammation, reverse plaque formation in Alzheimer’s models
[Scientific American, Feb 2007], protect nerves cells from toxins,
enhance memory and cognitive abilities and most recently [Nature, Nov
2006] resveratrol significantly extends the lifespan of rodents. These
natural compounds, to be clinically active, require dose levels much
higher than the levels found naturally in plants. Their medicinal use,
therefore, requires either chronic consumption of plant extracts over
long periods and/or isolation and purification of the active
ingredients so that higher doses can be administered. A clinical trial
with curcumin on Alzheimer’s disease is presently being conducted at
UCLA [ClinicalTrials.gov identifier NCT00099710].
The Schubert laboratory at the Salk Institute has
had synthesized curcumin derivatives of the natural molecules that are
100 to one thousand times more active than the natural curcumin plant
compounds, depending upon the assay method, functioning as
neuro-protective agents in culture. These molecules are being patented
as pharmaceuticals and being tested for both possible toxicity [none
shown in culture] and for their efficacy in animal clinical models,
such as Alzheimer’s disease, by the Cole laboratory at UCLA [referenced
in the Scientific American article [attached]; and the clinical trial;
see above] and in cognition and memory tests by independent
laboratories. These synthetic [modified natural compounds] appear to
have the potential of high potency cutting edge pharmaceuticals,
the next generation prevention and treatment for the diseases of aging.
The pharmaceutical giant, Novartis, has already expressed interest in
these molecules.
Funding of the Metavo venture has been arrange with
Centrestone VC group, a Canadian government-backed venture capital fund
who have agreed to provide matching monies up to US $1.0 million. The
alternate matching $1.0 million will be raised by Metavo LLC., in which
member/partner interest increments are restricted to $25,000
minimum each-to be escrowed until $500,000 is available. The principal
initial use of funds is to further the research of the molecules in
animals and establish their potency and efficacy as therapeutics. The
long term goal, exit strategy, is to attract the attention of ‘Big’
Pharma and either joint venture or sell the pharmaceutical licensing
rights.
Presently, NO drug is prescribed to prevent or cure
Alzheimer’s. The compounds that are FDA approved and medically
prescribed to treat Alzheimer’s are all directed at symptomatic relief
not at solutions to the condition. There are only four drugs that the
FDA has approved and that are currently available for relief, but not
to cure patients with Alzheimer’s in the United States; Tacrine
(CognexR), Donepezil (AriceptR), and Rivastigmine (ReminylR) that
inhibit acetylcholinesterase. and the fourth, Memantine (NamendaR) that
prevents glutamate excitotoxicity.
The molecules from the Salk Laboratory are potent
and unique. The Salk patented molecules show an ability to promote the
destruction of the Alzheimer’s plaque ß-amyloid protein in cell
cultures and therefore we consider the molecules to have the potential
to prevent and reverse the neuro-degeneration that are prevalent in
Alzheimer’s disease.
Metavo Life Sciences Inc.
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