Unity Biotechnology

Last updated
Unity Biotechnology
Type Public
Industry Biotechnology, Pharmaceutical
PredecessorForge, Inc.
Founded2011;13 years ago (2011) in California, United States of America
Founders
Headquarters,
Number of employees
70 (2018)
Website unitybiotechnology.com

Unity Biotechnology is a publicly traded American biotechnology company that develops drugs that target senescent cells. [1] [2] [3] [4] [5]

Contents

History

Unity BioTechnologies, a company backed by Jeff Bezos and PayPal co-founder Peter Thiel, [6] was co-founded in March 2009 by Nathaniel David, Jan Van Deursen, Judith Campisi, and Daohong Zhou. [7]

The company was founded under the name Forge, Inc., but changed its name to Unity BioTechnologies in January 2015. [8]

Anirvan Ghosh joined Unity in 2020 as the company’s CEO. That same year, Nathaniel stepped down as president but remained a member of the board. [9]

On May 3, 2018, the company went public on the Nasdaq exchange, raising $85 million at a market capitalization of $700 million. [10] [11] Unity Biotechnology shares dropped 60% on August 17, 2020, after the company reported disappointing results from a clinical trial involving its then lead drug candidate, UBX0101, in patients with moderate-to-severe painful osteoarthritis. [12]

Products

The company's products in development include UBX1325, which targets Bcl-xL, a mechanism to eliminate senescent cells in age-related eye diseases (in Phase 2 clinical trials for diabetic macular edema as of October 2023). [13] In July 2022, the company reported positive results from its Phase 1 study. [14] In April 2023, the company then reported results from its Phase 2 study demonstrating that a single injection of UBX1325 resulted in a statistically significant and clinically meaningful improvement in vision through 48 weeks. [15] They also include UBX 1967, a preclinical product targeting ophthalmologic diseases. [16] [11] [17] Both products are senolytic medicines.

See also

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References

  1. Brueck, Hilary (3 February 2016). "Mayo Clinic Taps Silicon Valley to Help People Age Gracefully". Fortune . Retrieved 19 February 2018.
  2. Detrixhe, John (21 February 2018). "Crypto millionaires are funding research to reverse the aging process". Quartz (publication) . Retrieved 19 February 2018.
  3. Herkewitz, William (19 February 2018). "Scientists Can Now Radically Expand the Lifespan of Mice—and Humans May Be Next". Popular Mechanics . Retrieved 19 February 2018.
  4. Ramsey, Lydia (10 November 2016). "A biotech startup that aims to rid our bodies of cells related to aging just got a big investment". Business Insider . Retrieved 19 February 2018.
  5. Baker, Darren (11 February 2016). "Naturally occurring p16Ink4a-positive cells shorten healthy lifespan". Nature . 530 (7589): 184–189. doi:10.1038/nature16932. PMC   4845101 . PMID   26840489.
  6. Zaleski, Andrew (2018-08-29). "Why Jeff Bezos is backing this Silicon Valley scientist who is working on a cure for aging". CNBC. Retrieved 2024-01-03.
  7. "UBX | Unity Biotechnology Inc. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 2024-01-03.
  8. "S-1". www.sec.gov. Retrieved 2024-01-04.
  9. Leuty, Ron (15 December 2020). "Founder steps down from president job at aging-fighting biotech". www.bizjournals.com. Retrieved 2024-01-11.
  10. CNBC (2018-05-02). "UNITY Biotechnology, Inc. Announces Pricing of Initial Public Offering of Common Stock". CNBC. Retrieved 2018-10-12.
  11. 1 2 "Longevity Company Unity Biotechnology Stocks Soared After CEO Talks to CNBC | BioSpace". BioSpace. Retrieved 2018-10-12.
  12. "Buzzy anti-aging biotech Unity drops leading program after flop, shares in freefall". 2020-08-17.
  13. "Design for Phase 2B ASPIRE Study of UBX1325 for DME announced by UNITY". Modern Retina. 2023-06-22. Retrieved 2023-10-17.
  14. Bankhead, Charles (2022-07-14). "'Senolytic' Therapy Shows Promise in Neovascular Eye Disease". www.medpagetoday.com. Retrieved 2022-07-15.
  15. Garth, Eleanor (2023-05-10). "Getting comfortable with senotherapeutics". Longevity.Technology - Latest News, Opinions, Analysis and Research. Retrieved 2023-10-17.
  16. "S-1". www.sec.gov. Retrieved 2018-10-12.
  17. "Unity Biotechnology to focus on senolytic programs in ophthalmology, neurology". www.healio.com. Retrieved 2020-12-08.