ProNAi Therapeutics Advances Gene-Silencing Cancer Drug, Marina Biotech Provides Delivery Package

9/28/10

A quiet competitor in the gene-silencing game has surfaced with good news. Kalamazoo, MI-based ProNAi Therapeutics says that it’s started to treat cancer patients with its first experimental DNA interference drug, which is essentially made to specifically silence disease at the fundamental level of DNA. And the firm is relying on molecules from Bothell, WA-based Marina Biotech (NASDAQ:MRNA) to deliver the treatment where it needs to go inside cells.

ProNAi‘s drugs are at a much earlier stage in development compared with other gene-silencing methods such as antisense and RNA interference. This is an important trial for ProNAi, as it seeks to gather the first evidence that its drugs work in humans. Now, the firm is testing its lead experimental drug, PNT2258, in patients with tumors for which there are no effective treatments, according to the company. The primary goals of the trial are to show the safety and tolerable dosages of the drug, but it’s also going to give the firm its first glimpse at the effects of its treatment in patients.

The company, which has raised $17 million from investors, has taken a long road get to this point. Founded in 2004, the startup’s novel approach to silencing disease genes has been under development for about as long as RNA interference but has lacked the huge investments and notoriety enjoyed by the latter technology, said Mina Sooch, a managing partner at Apjohn Ventures and an director at ProNAi. The company got the green light from the FDA to start this trial back in March 2008, but has only recently begun enrolling patients because the firm didn’t have enough money until recently.

On the other hand, Cambridge, MA-based Alnylam Pharmaceuticals (NASDAQ:ALNY), a leading developer of RNA-interference drugs, has raised hundreds of millions of dollars and has taken at least three gene-silencing treatments into clinical trials since its founding in 2002. Of course, Craig Mello of the University of Massachusetts and Andrew Fire won a Nobel Prize in 2006 for their discovery of RNA interference, raising the profile of the gene-silencing technology to new heights. (Conversely, ProNAi’s technology was first conceived at Wayne State University by a less well-known scientist named Reza Sheiknejad, who has since moved to Iran, according to Robert Forgey, the firm’s chief operating officer.)

“We’ve spoken to all the big players in this field, and they … Next Page »

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