Halo Gathers $1.1M From Patient Groups for Muscular Dystrophy Drug
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fibrosis, which is a harmful buildup of collagen in muscles. It reduces the inflammation that causes muscle damage and degradation. And it seems to promote muscle regeneration. “We hope this will enhance the body’s natural repair mechanisms,” Blaustein says. Halo bought the drug from Collgard in March of last year.
Blaustein says it wasn’t difficult to get a dozen patient organizations on board for the company’s funding. “This is a very educated, very committed patient-advocacy community,” he says. “Universally they’re all parents of boys suffering from this terrible disease who are very active in reaching out to the scientific community.” The backers come from all over the U.S. and U.K., and many of the foundations are named for children who have suffered from DMD. They include Michael’s Cause in Bellevue, NY, Ryan’s Quest in Hamilton, NJ, and Zubin’s Wish in Seattle.
Several other companies are working on different approaches to attacking DMD. New York based Retrophin, for example, is developing an engineered version of the protein that’s lacking in patients who have the disease. And Bothell, WA-based AVI Biopharma is working on a drug that attempts to correct the genetic defect underlying DMD. Blaustein says the more companies searching for therapies, the better. “Our hope is we’ll end up with a cocktail approach,” he says. “We need to address different parts of the pathology of the disease so these boys can get as close to normal functioning as possible.”
Collgard completed several safety trials in people before transferring its drug to Halo, Blaustein says. He hopes the company will complete the Phase 2 efficacy trials within two years. He adds that he’s actively looking for “strategic financial or pharmaceutical partners” and has generated interest from some drug companies already.
For now, Halo has plenty of resources to take HT-100 into the next stage of testing, thanks to the pooled resources of the patient advocacy groups. Blaustein says he’s not aware of another case of so many nonprofits coming together to fund a single drug, but he won’t be surprised if more such arrangements emerge. “We all know we need to find new models that work to get innovative therapies out to patients.” he says. “We think this is one model that holds some real promise.”