Australian biotech company, Oncology One Pty Ltd, has today announced a new partnership with Children’s Cancer Institute to develop new drugs for the treatment of childhood solid tumours.
The partnership is focused on the development of novel small molecule drugs to treat neuroblastoma, a type of tumour that forms in the adrenal glands (above the kidney), or near the spine, chest, neck, or pelvis.
The chance of a child developing neuroblastoma is approximately 1 in 100,000 and it is the most prevalent extracranial solid tumour in children under five years old. Neuroblastoma is a serious condition with limited effective treatment options and accounts for 15% of all childhood cancer deaths in Australia. There is an urgent and unmet need for improved therapeutics to treat this cancer.
The project will be run in collaboration with Children’s Cancer Institute’s new childhood disease-focused drug discovery initiative, THerapeutic INnovations for Kids (THINK), and the project is based on the research of Associate Professor Tao Liu, head of the Gene Dysregulation Group also based at the Institute.
Associate Professor Tao Liu's work has identified a novel protein target that drives tumour growth and is a critical regulator of gene expression in neuroblastoma. The collaboration will initially seek to identify small molecule compounds that inhibit the tumour-driving biological activity of the target. This work involves the screening of hundreds of thousands of compounds using specialised assays developed specifically for this novel target.
Oncology One CEO, Dr Joanne Boag, said: “There is a real lack of funding in Australia to undertake the translational work we are doing in partnership with Children’s Cancer Institute. We are really excited to be working with them on this project, the next step in building on their quality research outcomes towards potential new therapies.”
If successful, further work will be needed to develop these compounds towards a ‘lead candidate’ and then a ‘clinical candidate’ that would become an investigational new drug and enter clinical trials.
Chair of the Oncology One Scientific Advisory Board, Dr Ian Street, said: “This project, if successful could dramatically improve treatment outcomes for children with neuroblastoma, and potentially other paediatric and adult cancers as well. This is an early-stage drug discovery project, the first step in the journey of translating a "great Idea" from fundamental research into a new drug for treating patients. This gap is often referred to as the "valley of death" and many commercial investors shy away from early-stage projects. At Oncology One we refer to it as the "Valley of Opportunity" and have developed a unique commercial strategy to partner with research institutions to move these opportunities forward."
Children's Cancer Institute Executive Director, Professor Michelle Haber AM, said: "We are delighted to be partnering with Oncology One to translate our research from target discovery to drug development. At Children’s Cancer Institute, we are passionate about curing childhood cancer. Cancer kills three children every week in Australia, and of those who survive, 70% will suffer long-term side effects from their non-targeted and aggressive treatments. There is therefore a clear unmet need for new targeted therapies to be specifically designed to treat childhood cancers, and we look forward to working towards this goal with Oncology One."
To arrange an interview with Oncology One CEO, Dr Joanne Boag, please contact:
H^CK Director, Haley Chartres
m. 0423 139 163
About Oncology One
Oncology One Pty Ltd is a small molecule oncology drug development company. Our strategy centres on building a diversified portfolio of small molecule candidates that are highly differentiated and address unmet clinical needs. We work with partners to identify suitable programs and build value in high potential drug discovery projects. Oncology One has one out-licensed program and is in the process of onboard four early-stage projects from Australian research institutions. Oncology One is a private company headquartered in Melbourne, Australia. For more information visit oncologyone.com.au.
About Children's Cancer Institute
Originally founded by two fathers of children with cancer in 1976, Children’s Cancer Institute is the only independent medical research institute in Australia wholly dedicated to research into the causes, prevention and cure of childhood cancer. More than 40 years on, our vision remains unchanged – to save the lives of all children with cancer and to eliminate their suffering. The Institute has grown to now employ nearly 300 researchers, operational staff and students, and has established a national and international reputation for scientific excellence. Our focus is on translational research, and we have an integrated team of laboratory researchers and clinician scientists who work together in partnership to discover new treatments which can be progressed from the lab bench to the beds of children on wards in our hospitals as quickly as possible. These new treatments are specifically targeting childhood cancers, so we can develop safer and more effective drugs and drug combinations that will minimize side-effects and ultimately give children with cancer the best chance of a cure with the highest possible quality of life. More at www.ccia.org.au.