Monthly Archives: May 2022

Collapse of Luna cryptocurrency leads to $11 million exploit on Venus Protocol – The Record by Recorded Future

Posted: May 17, 2022 at 7:16 pm

Venus Protocol, a decentralized money market, announced on Thursday evening that about $11 million had been lost due to people exploiting the historic collapse of the Luna cryptocurrency and its sister stablecoin UST.

The team behind the Venus Protocol released a statement confirming suspicions that had been floating around for hours about the potential mishandling of the fiasco around Luna.

Today, we became aware of errant price behavior for LUNA on Venus Protocol. Upon investigation, it was learned that the price feed had been paused by Chainlink due to extreme market conditions, Venus Protocol explained.

The price on Venus was last listed at about $0.107 while the market price was $0.01. In order to de-risk this situation, the protocol was paused using PauseGuardian via multisig. Upon this desyncing event, it was discovered that 2 accounts had suspiciously deposited a sum of 230,000,000 LUNA valued at over $24,000,000. Assets were borrowed totalling around $13,500,000.

Venus Protocol and several other platforms use Chainlink to provide its users with real-time price estimations of the tokens on its platform that are available for lending and borrowing.

But the tool began having issues with Luna on Thursday as the price continued to fall precipitously.

why does chainlink price oracle have min price setting? luna dropped below $0.1 but the chainlink oracle's min price is $0.1 https://t.co/kplZ66Ei54

As a result, it was possible to deposit UST and LUNA as collateral and borrow other tokens, with an underpriced collateral valuation. Liquidable accounts also depend on the Chainlink oracles, decentralized finance researcher Vali Dyor explained.

Chainlink released its own statement on the issues with its oracles, saying that the minimum value circuit breaker for the LUNA/USD Price Feeds was automatically triggered due to the unprecedented volatility across the cryptocurrency markets.

They explained that the circuit breaker is one component of their security efforts that is used to protect against flash crashes and other forms of market manipulation.

The attack on Venus Protocol was the reverse of a popular hack used to attack decentralized finance platforms.

Flash loan attacks which involve hackers borrowing funds that do not require collateral, buying a significant amount of a cryptocurrency to artificially raise its price and then offloading the coins before the loan is paid back and the borrower keeps any profit have been used to attack several platforms in recent months.

But Chainlink noted that the triggering of the circuit breaker was not a a manual intervention by node operators, Chainlink Labs, or other third parties.

Some users proactively paused their applications, while other users were informed of the impacted feeds and reminded to immediately pause their applications use of the feeds in accordance with best practices outlined in the Chainlink documentation, Chainlink said.

The LUNA/USD Price Feeds are now operational, but not recommended based on the assets risk profile. We will be learning from this set of market events to continually improve the protocols approach to circuit breaker parameters and other layers of security across various oracle networks.

Venus Protocol has decided to suspend the LUNA market effective immediately at the request of its users and has a Risk Fund that will be used to cover the shortfall caused.

All wallets that have a position with Luna will be disabled temporarily as they disable the market.

Subsequently, a VIP will be prepared asking the community to set the collateral factor for LUNA to 0, after which the Chainlink price feed will be re-enabled which will allow withdrawals and liquidations. Venus is also assessing the UST Situation carefully and will take further actions as necessary, they explained.

Early on Friday morning, the protocol announced that it was pausing for 48 hours and that no liquidations would be allowed.

Venus will unpause in 48 hours (per the time lock).

All liquidity is still contained within the protocol and no liquidations will take place during this period.

We will continue to provide updates until Venus is unpaused.

As the price of Luna cratered overnight, exchanges and markets were forced to make difficult choices on how to approach the cryptocurrency.

Binance stopped all trading of Luna and UST on its platform but the moves have done little to stop all cryptocurrency values from being depressed across the board.

DeFi platform Blizz Finance announced that it was attacked in the same way Venus Protocol was and will be shutting down because of the attack.

They said the protocol was drained before it could stop the process. More than $8.3 million was lost.

We have built on the AVAX ecosystem in good faith with the expectation that @chainlink oracles would behave as expected. Sorry to those affected.

Blizz has no treasury or development fund and a significant portion of the stolen assets belonged to our team. As such we regret to announce the protocol has been paused and we do not intend to resume operations, the protocol said in a statement.

We will be shutting down the front-end and closing official communication channels in the coming days. Funds held by the protocol in LUNA (around $1.5M or 25% or the protocol holding pre-exploit) will be distributed to users using a snapshot prior to when the attacks began.

Jonathan has worked across the globe as a journalist since 2014. Before moving back to New York City, he worked for news outlets in South Africa, Jordan and Cambodia. He previously covered cybersecurity at ZDNet and TechRepublic.

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The 10 Biggest Cryptocurrency Scams: Why They Happen – Crixeo

Posted: at 7:16 pm

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Unfortunately, this also makes cryptocurrencies a target for scammers. In this article, we will take a look at the 10 biggest cryptocurrency scams and why they happen. We will also provide some tips on how to avoid being scammed yourself.

Crypto scams are becoming more and more common as the popularity of digital currencies grows. While there are many legitimate uses for cryptocurrency, scammers are increasingly using them to take advantage of unsuspecting victims. Heres a look at some of the most common crypto scams and how to avoid them.

In 2014, was one of the biggest scams. The worlds largest Bitcoin exchange, Mt. Gox, collapsed after it was revealed that 850,000 Bitcoins had been stolen. The hack caused a major setback for the cryptocurrency community, and it took years for Mt. Gox to finally be able to pay back its creditors.

Bitconnect was a cryptocurrency lending platform that promised incredible returns to its investors. However, it turned out to be a Ponzi scheme, and when the platform finally collapsed, many people lost their life savings.

The DAO was a decentralized autonomous organization built on Ethereum that raised over $150 million in funding. However, due to a flaw in its code, it was hacked and 3.6 million ETH were stolen. This led to a hard fork of the Ethereum blockchain.

In 2017, a hacker exploited a flaw in the Parity wallet software to steal 150,000 ETH. This was a major setback for the Ethereum community, and it led to Parity wallets being blacklisted by many exchanges.

In 2016, the cryptocurrency exchange Bitfinex was hacked and 120,000 BTC were stolen. This was one of the largest cryptocurrency hacks at the time, and it caused the price of Bitcoin to drop by 20%.

In 2018, the Japanese cryptocurrency exchange Coincheck was hacked and over $500 million worth of NEM tokens were stolen. This was one of the largest cryptocurrency hacks in history, and it led to stricter regulations being imposed on cryptocurrency exchanges in Japan.

In 2014, after the Mt. Gox hack was revealed, the exchange attempted to sell off its remaining Bitcoin to pay back its creditors. However, due to the low price of Bitcoin at the time, this only caused the price to drop further.

In 2017, it was revealed that The Pirate Bay had been secretly using its visitors CPUs to mine cryptocurrency. This led to a lot of anger from users, and The Pirate Bay was eventually forced to remove the mining software.

OneCoin was one of the biggest scams that promised incredible returns to its investors. However, it turned out to be a Ponzi scheme, and when the platform finally collapsed, many people lost their life savings.

In 2018, the cryptocurrency exchange BitGrail was hacked and over $170 million worth of Nano tokens were stolen. This was one of the largest cryptocurrency hacks at the time, and it caused the price of Nano to drop by over 50%.

If youre thinking about investing in cryptocurrency, its important to do your research and only invest in reputable currencies. Be sure to check out reviews of any cryptocurrency exchange or wallet before using it, and beware of any emails or websites that look suspicious. By taking these precautions, you can help protect yourself from becoming a victim of a scam.

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Bostons Seaport gets new cell and gene therapy research center, more to come – Boston Herald

Posted: at 7:15 pm

When Dr. Sharl Azar first entered medicine he noticed something disturbing almost immediately.

I watched as a young man whose overwhelming pain still managed to betray his stoicism, was told by the physician who was caring for him in the (emergency department) that hed received all of the Dilaudid he was going to get for today and that he should go get his fix somewhere else, he said.

Azar, medical director at Massachusetts General Hospitals Comprehensive Sickle Cell Disease Treatment Center, has worked since to combat suffering and stigma caused by those who suffer from that disease, and, on Tuesday, he was asked to speak at the opening of a new, state-of-the-art cell and genetic therapy center in the citys Seaport neighborhood where that work will continue.

Vertex is allowing our center to bring our patients the world-class care that they have long been denied, he said.

Azar spoke as Vertex Pharmaceuticals, a Boston-based biotechnology company, officially opened their new corporate headquarters along Northern Avenue, where the drug developer will work hand in hand with hospitals like MGH to continue genetic research into the causes and hopefully the cure for diseases like sickle cell.

Called the Jeffrey Leiden Center for Cell and Genetic Therapies, the over 250,000-square-foot facility research and development facility includes 453 workspaces and 21,000 square feet of manufacturing space.

According to Leiden, Vertexs executive chairman, the facility represents the future in the fight against serious chronic disease.

I hope you can imagine a day when lifesaving cell and genetic therapies for many serious diseases sickle cell, diabetes, muscular dystrophy are being discovered, developed, manufactured and brought to patients by Vertex scientists and physicians working in this buildingI promise you that day is not very far away, Leiden said.

Gov. Charlie Baker was due to speak at the event but canceled his public appearances for the day after falling ill. Baker has tested negative for COVID-19, a spokesperson told the Herald.

Lt. Gov. Karyn Polito, who serves on the states STEM Advisory Council with Leiden, stepped in to open the facility on Bakers behalf.

This is a very proud moment, she said. Not just for the Leiden family and the Vertex team, but certainly for the city of Boston and for the commonwealth of Massachusetts.

Dr. Reshma Kewalramani, Vertex CEO, also announced the company would further expand into the Seaport with another research facility just across the street. She said the company will use the spaces to help solve serious medical problems.

Its going to happen. It may not happen tomorrow, but its going to happen in our lifetime, she said.

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Bostons Seaport gets new cell and gene therapy research center, more to come - Boston Herald

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The CasPlus Gene Editing Platform Technology can Correct Mutations Associated with Duchenne’s Muscular Dystrophy and Cystic Fibrosis with High…

Posted: at 7:15 pm

NEW YORK, May 17, 2022 /PRNewswire/ -- SCRIPT BIOSCIENCES INC, a biotechnology company developing curative therapies using a novel gene editing platform (CasPlus), and NYU Grossman School of Medicine, presented a poster titled "Enhancement of Predictable and Template-free Gene Editing by the Association of CAS with DNA Polymerase" at the 25th annual American Society of Gene & Cell Therapy meeting in Washington DC (May 16-19, 2022). Highlights of the data include:

Dr. Chengzu Long, Principal Investigator and Assistant Professor, Division of Cardiology and The Helen and Martin Kimmel Center for Stem Cell Biology, NYU Grossman School of Medicine, said, "CRISPR/Cas9-mediated on-target DNA damage is an underappreciated risk factor for safe application of genome editing tools. While numerous approaches have already been developed to reduce well-known off-target effects of CRISPR-mediated editing, the CasPlus system prevents CRISPR-mediated collateral on-target large deletions and thus offers the promise of safer therapeutic gene editing in humans."

Anil Namboodiripad, Ph.D., CEO of Script Biosciences said, "We are encouraged by this data and it is a step forward in our mission to develop lasting cures for patients suffering from serious diseases. In vivo translational studies in humanized mouse models are ongoing. We plan to advance our lead program in DMD towards IND-enabling studies, while also expanding our pipeline to other gene targets".

About Script BiosciencesScript Biosciences (www.scriptbiosciences.com) is an early stage biotechnology company committed to developing safe, efficient, and durable cures for genetic diseases with few or no treatment options using our proprietary CasPlus genome editing platform (CasPlus). CasPlus corrects mutations by predictable and efficient insertion of base pairs. The superior precision of CasPlus paves the way towards safer genome editing in humans. The technology was developed at New York University with a worldwide license granted to Script.

SOURCE Script Biosciences Inc

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Genascence Announces Data From Phase 1 Clinical Trial on GNSC-001, Company’s Lead Program in Osteoarthritis, Presented at American Society of Gene…

Posted: at 7:15 pm

PALO ALTO, Calif., May 17, 2022 /PRNewswire/ --Genascence Corporation ("Genascence"), a clinical-stage biotechnology company revolutionizing the treatment of prevalent musculoskeletal diseases with gene therapy, today announced that additional safety data from the Phase 1 clinical trial of GNSC-001 for the treatment of osteoarthritis (OA), including 12-month follow-up on all subjects, demonstrated that it was safe and well tolerated. These data will be delivered in a poster presentation today at theAmerican Society of Gene& Cell Therapy's(ASGCT) 25th Annual Meeting being held virtually and in-person May 16-19, 2022, in Washington, D.C.

GNSC-001 is the company's lead program in OA. GNSC-001 is a genetic medicine a recombinant adeno-associated vector (AAV) carrying a coding sequence for interleukin-1 receptor antagonist (IL-1Ra), a potent inhibitor of interleukin-1 (IL-1) signaling. IL-1 is considered one of the key mediators involved in the pathogenesis of OA, causing inflammation as well as cartilage destruction. GNSC-001 is designed to offer long-term, sustained inhibition of IL-1 following a single injection into the affected joint.

"Osteoarthritis is incapacitating, causing years of pain and disability for people living with the disease. Further, patients have limited treatment options, and nothing is currently available that is able to slow down progression of OA," said Thomas Chalberg, Ph.D., founder and CEO of Genascence. "We are excited by these findings as they demonstrate the initial safety of GNSC-001 and provide encouraging data to pursue GNSC-001 as a novel treatment for OA patients. We look forward to advancing the clinical program for GNSC-001 so that we can deliver transformative results for patients suffering from this disabling disease."

Title:A Phase I Trial of Osteoarthritis Gene Therapy (NCT02790723)Date:May 17, 2022 5:30-6:30 PM ETSession: Gene and Cell Therapy Trials in ProgressAbstract Number: 799Location: Walter E. Washington Convention Center, Hall DPresenter: Christopher H. Evans, Ph.D.

In this investigator-sponsored Phase 1 single-arm, open-label, dose-escalation clinical trial of GNSC-001, a total of nine subjects with knee OA were enrolled and monitored for one year. Three subjects were treated in each of three cohorts, receiving either 1x1011 vg, 1x1012 vg, or 1x1013 vg GNSC-001 delivered by intra-articular injection. The primary endpoint is safety and tolerability. Additional measures include levels of circulating viral genomes, immune response to the vector, blood and urine analysis, and physical examination. Although the study was not powered for efficacy and had no control group, patients reported pain via VAS (0-10) and pain and function via WOMAC. Knee joints were imaged by X-ray and MRI upon study entry and after one year.

Results showed that intra-articular injection of GNSC-001 produced no severe adverse events; blood chemistries and hematologies remained normal during the 12-month follow-up period with no evidence of neutropenia. There were no vector-related adverse events in eight of the nine subjects; one subject experienced a mild/moderate knee effusion following injection which resolved with ice and rest. Clinical trial participants developed various degrees of anti-AAV neutralizing antibodies after injection of GNSC-001, as seen in preclinical studies. Small amounts of viral genomes were found in peripheral blood, beginning one day after injection and clearing within four weeks. Injection of GNSC-001 was associated with increased concentrations of IL-1Ra in synovial fluid, which remained elevated after 12 months of follow up. Pain and function scores improved following injection of GNSC-001.

"These additional data from the Phase 1 trial of GNSC-001 in patients with osteoarthritis showed that it safe and well tolerated including after one year," said Dr. Evans. "These results are encouraging as we believe this therapy has the potential to reduce structural disease progression in osteoarthritis patients."

The study was supported by funding from the U.S. Department of Defense Peer Reviewed Medical Research Program (PRMRP). More information is available at https://clinicaltrials.gov/ct2/show/NCT02790723.

Abstracts can be accessed via the conference website at annualmeeting.asgct.org.

About Osteoarthritis (OA) of the Knee

Osteoarthritis (OA), or degenerative joint disease, is the leading cause of disability. It is characterized by destruction of cartilage and structural changes in bone within the joint, which contribute to pain and loss of joint function. Osteoarthritis affects more than 30 million Americans and is increasing as a result of the aging population and increasing prevalence of obesity. Osteoarthritis represents a major economic burden, owing to direct medical costs and loss of productivity. Each year, millions of patients are treated for knee OA with NSAIDs, opioids, and steroid injections into the knee to manage their knee pain. There are no currently available therapies known to alter or slow down OA progression.

About Genascence Corporation

Genascence, a clinical-stage biotechnology company revolutionizing the treatment of prevalent musculoskeletal diseases with gene therapy, is developing life-changing treatments for highly prevalent conditions affecting millions of people. The company was founded in 2017 with technology licensed from three leading U.S. research institutions: Mayo Clinic, University of Florida, and NYU Langone Health. Headquartered in Palo Alto, California, Genascence's founders and leadership team have deep experience in the design, development, and manufacturing of successful gene therapies and biological medicines. For more information, please visit http://www.genascence.com.

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DiNAQOR Opens DiNAMIQS Subsidiary to Partner with Gene Therapy Companies Bringing New Treatments to Patients – PR Newswire

Posted: at 7:15 pm

DiNAQOR DiNAMIQS offers comprehensive range of biomanufacturing services,GMP-compatible process development, quality control and analytical development

ZURICH-SCHLIEREN, Switzerland, May 16, 2022 /PRNewswire/ --DiNAQOR announced today the launch of DiNAQOR DiNAMIQS, a biomanufacturing subsidiary, that will accelerate development timelines and reduce costs and risk for genetic medicine companies bringing new treatments to market.

DiNAQOR DiNAMIQS is based in the company's state-of-the-art, 1,200-square-meter (13,000 square feet) manufacturing facility in Bio-Technopark Schlieren-Zrich, the leading center for biotechnology companies in Central Europe. DiNAQOR's Chief Technology Officer, Eduard Ayuso, will serve as the CEO of DiNAQOR DiNAMIQS.

"We look forward to partnering with the world's leading gene therapy companies," said Johannes Holzmeister, M.D., Chairman and CEO of DiNAQOR."There are always challenges in the development process, and DiNAQOR DiNAMIQS is ideally suited to meet and overcome them. Manufacturing viral vectors at meaningful bioreactor scale and using GMP-compatible processes for preclinical studies will improve quality and safety while accelerating development timelines for genetic medicines."

DiNAQOR DiNAMIQS provides a comprehensive range of manufacturing services, process development, quality control and analytics solutions to support and accelerate gene therapy projects.

The DiNAMIQS platform employs innovative upstream and downstream processes and provides high-quality recombinant adeno-associated viral (AAV) vector manufacturing suitable for both in vitro and in vivo R&D applications up to 50L scale. Aligned with GMP regulations, the manufacturing protocol provides researchers with high quality vectors and minimal changes as projects progress toward clinical applications. DiNAMIQS is currently building a state-of-the-art GMP-compliant 2,400-square-meter (26,000 square feet) facility that can produce viral vectors at 500L scale.

DiNAQOR DiNAMIQS is also pioneering customizable, GMP-compatible process development that accelerates research and development efforts and is guided by a diagnostic procedure to determine relevant bioprocessing solutions. DiNAMIQS' process development expertise includes biomass expansion in bioreactor, large-scale transfection, harvest and clarification, ultrafiltration/diafiltration, affinity chromatography capture, ion exchange chromatography, preparative ultracentrifugation, desalting, dynamic dialysis, formulation, sterile filtration, automation assisted fill and finish.

Genetic medicinecompanies partnering with DiNAQOR DiNAMIQS will also use analytics that yield critical insights on viral vector potency, identity, and purity. DiNAMIQS in-house capabilities include digital PCR-based methods for titer quantification, ELISA, purity analyses, TCID50 infectivity assays and testing for bacterial endotoxins.

"Our state-of-the-art facility and stellar viral vector manufacturing team are prepared to help gene therapy developers bring their therapies efficiently to the clinic. I intend to bring my learnings from 20 years' experience in the field to our partners and provide them with high quality vectors. DiNAMIQS will shorten the time to market by closing the gaps between research grade vector supply, process development and GMP manufacturing," said Eduard Ayuso, CEO of DiNAQOR DiNAMIQS.

"Additionally, many promising gene therapy programs slow down when the costs associated with scaling up their manufacturing begin to mount. Our biomanufacturing expertise will enable these projects to move forward in a cost-effective way -- and do so quickly."

To learn more about DiNAQOR DiNAMIQS, visit http://www.dinamiqs.com.

About DiNAQORDiNAQOR is a life sciences platform company that is pioneering proprietary human-based tissue drug development and technology to enable organ-specific delivery of gene therapies and other therapeutics. The company is headquartered in Zurich-Schlieren, Switzerland, with additional presence in London, England; Hamburg, Germany; and Laguna Hills, California. For more information visit http://www.dinaqor.com.

Contact:KWM CommunicationsKellie Walsh914-315-6072[emailprotected]

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Will we be able to check cholesterol using gene editing technology or will it be too dangerous and costly to even try? – L’Observateur – L’Observateur

Posted: at 7:15 pm

WASHINGTON, DC The covid virus killed some 460,000 Americanslast year, heart disease killednearly 700,000people in the U.S. in the same period.The fact is that heart attacks are the number one cause of death in America and throughout the world.So, the announcement that scientists are testing a way to prevent heart attacks with a single injection may sound like a life-saving game-changer, particularly for seniors over the age of 65 who, according to the National Institute on Aging, are much more likely than younger people to suffer aheart attack.

Verve Therapeutics describes itself as a biotechnology company created with a singular focus: to protect the world from heart disease.Over the next three years the company says it will be testing a radical gene therapy to permanently prevent the buildup of bad cholesterol with that single injection.Cardiologist, geneticist and CEO of Verve Therapeutics, Dr. Sekar Kathiresan, says The therapy will be relevant, we think, to any adult at risk of a heart attack.We want this not only for people who have heart attacks at a young age because of a genetic disorder, but for garden variety heart attacks as well.

Kathiresan resigned positions at Harvard Medical Schooland the Center for Genomic Medicine at Massachusetts general hospital to create Verve Technologies.We really think we can turn the tide against coronary disease by moving from a chronic care model to [eradication with] a one-time treatment, he toldThe Guardian.Currently, blood thinners, statins to lower cholesterol levels and high blood pressure medications are the standard treatments for individuals with a risk of heart disease.But seniors in particular can be overwhelmed by the treatments and may stop complying with their doctors orders.Or they may simply forget to take their meds.

Phase one of field tests of Verves procedure showed promise, according to aBloomberg report.Monkeys were treated and within six months their cholesterol levels were reduced by 59%.It will be months before human testing will begin and years before Verve might have sufficient proof that the process is safe and that it works in order to seek government approval of its use.

Ultimately, says Bloomberg, the company will face plenty of hurdles in its attempt to treat the masses.Its one of the firsttestsof using Crispr [a gene editing tool] to edit DNAinside the human body, and patients and doctors could be wary of making a permanent change without knowing much about long-term safety, saysElizabeth McNally, director of the Center for Genetic Medicine at the Northwestern University Feinberg School of Medicine.McNally also pointed out that the reluctance to take Covid-19 vaccines suggests some people may be loath to alter their DNA.

And then there is the matter of cost.Effective cholesterol medications are available for as little as nine dollars a month while Verves therapy will cost from $50,000 to $200,000 per patient, according to Bloomberg.

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Ultragenyx Acquires Global Rights to AAV Gene Therapy ABO-102 for Sanfilippo Syndrome Type A (MPS IIIA) from Abeona Therapeutics – GlobeNewswire

Posted: at 7:15 pm

ABO-102 / UX111 is being evaluated in ongoing pivotal Transpher A trial in patients with MPS IIIA

Interim data featured in encore oral presentation at American Society of Gene & Cell Therapy (ASGCT) today

NOVATO, Calif. and NEW YORK and CLEVELAND, May 17, 2022 (GLOBE NEWSWIRE) -- Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) and Abeona Therapeutics Inc. (Nasdaq: ABEO) today announced an exclusive license agreement for AAV gene therapy ABO-102 (now UX111) for the treatment of Sanfilippo syndrome type A (MPS IIIA). Under the terms of the agreement, Ultragenyx will assume responsibility for the ABO-102 program and in return Abeona is eligible to receive tiered royalties of up to 10% on net sales and commercial milestone payments following regulatory approval.

Based on promising data from Abeonas clinical program, regulatory feedback to date, and our experience developing treatments for other MPS diseases, we believe ABO-102 has the potential to be a transformative therapy for patients with MPS IIIA, said Emil D. Kakkis, M.D., Ph.D., Chief Executive Officer and President of Ultragenyx.Our teams expertise in MPS and gene therapy clinical development makes this program a seamless integration, and it has the potential to be our first gene therapy to market. The Sanfilippo community has been waiting too long for a first treatment and we believe we can help accelerate this program.

Data from the ongoing Transpher A trial demonstrate ABO-102 holds significant potential to improve outcomes for patients with MPS IIIA who experience relentlessly progressing neurodevelopmental and physical decline that is life-threatening at a very young age, said Vish Seshadri, Ph.D., Chief Executive Officer of Abeona. We believe that Ultragenyx, with deep expertise in rare, genetic, metabolic lysosomal storage disorders and a demonstrated commitment towards MPS diseases, is the ideal partner to eventually bring ABO-102 to patients.

Abeona has completed a successful Type B meeting with the U.S. Food and Drug Administration (FDA) regarding the pivotal Transpher A trial to support filing and approval for ABO-102 for the treatment of patients with MPS IIIA. Interim results from the Transpher A trial presented in an encore presentation at the American Society of Gene & Cell Therapy (ASGCT) today demonstrate that neurocognitive development was preserved in children treated before 2 years old or with a development quotient (DQ) > 60 (n=10) within normal range of a non-afflicted child after treatment with ABO-102 (3x1013 vg/kg). The interim results also showed continued or stabilized cognitive function and behavioral progress using standard developmental assessments. Some of these patients have reached 24-months post treatment and stabilization or increase in cortical gray matter, total cerebral, and amygdala volumes have been observed. Statistically significant reduction in liver volume was seen with ABO-102 treatment. Dose-dependent and statistically significant reductions in cerebrospinal fluid and plasma heparan sulfate, demonstrating replacement of enzyme activity consistent with levels required for disease correction in the central nervous system, have been sustained in treated patients for two years after treatment. ABO-102 has been well-tolerated with no treatment-related serious adverse events and no clinically meaningful adverse events reported.

MPS IIIA is characterized by severe neurodegeneration with debilitating symptoms for which there is currently no treatment, said Kevin Flanigan, M.D., director of the Center for Gene Therapy at Nationwide Childrens Hospital in Columbus, Ohio, and Transpher A study principal investigator. The promising results to date suggest a single intravenous dose of ABO-102 AAV-based gene therapy has the potential to help children with MPS IIIA sustain neurocognitive development when they are treated during early stages of their disease.

About ABO-102 / UX111ABO-102 (now UX111), is a novel gene therapy in Phase 1/2 development for Sanfilippo syndrome type A (MPS IIIA), a rare lysosomal storage disease with no approved treatment that primarily affects the central nervous system (CNS). ABO-102 is dosed in a one-time intravenous infusion using a self-complementary AAV9 vector to deliver a functional copy of the SGSH gene to cells of the CNS and peripheral organs. The therapy is designed to address the underlying SGSH enzyme deficiency responsible for abnormal accumulation of glycosaminoglycans in the brain and throughout the body that results in progressive cell damage and neurodevelopmental and physical decline. The ABO-102 program has received Regenerative Medicine Advanced Therapy, Fast Track, Rare Pediatric Disease, and Orphan Drug designations in the U.S., and PRIME and Orphan medicinal product designations in the EU.

About the Transpher A StudyThe Transpher A Study (ABT-001) is an ongoing, two-year, open-label, dose-escalation, Phase 1/2 global clinical trial assessing ABO-102 for the treatment of patients with Sanfilippo syndrome type A (MPS IIIA). The study is intended for patients from birth to 2 years of age, or patients older than 2 years with a cognitive developmental quotient of 60% or above. ABO-102 gene therapy is delivered using AAV9 technology via a single-dose intravenous infusion. The study primary endpoints are neurodevelopment and safety, with secondary endpoints including behavior evaluations, quality of life, enzyme activity in cerebrospinal fluid (CSF) and plasma, heparan sulfate levels in CSF, plasma and urine, and brain and liver volume.

Further details can be referenced here: https://clinicaltrials.gov/ct2/show/NCT02716246

About Sanfilippo syndrome type A (MPS IIIA)Sanfilippo syndrome type A (MPS IIIA) is a rare, fatal lysosomal storage disease with no approved treatment that primarily affects the CNS and is characterized by rapid neurodevelopmental and physical decline, often by age three. MPS IIIA has a global incidence of one in 100,000 with a median life expectancy of 15 years.

Children with MPS IIIA present with progressive language and cognitive decline and behavioral abnormalities. Other symptoms include sleep problems and frequent ear infections. Additionally, distinctive facial features with thick eyebrows or a unibrow, full lips and excessive body hair for ones age, and liver/spleen enlargement are also present in early childhood. MPS IIIA is caused by genetic mutations that lead to a deficiency in the SGSH enzyme responsible for breaking down glycosaminoglycans, which accumulate in cells throughout the body resulting in rapid health decline associated with the disorder.

About Ultragenyx Pharmaceutical Inc.Ultragenyx is a biopharmaceutical company committed to bringing novel therapies to patients for the treatment of serious rare and ultra-rare genetic diseases. The company has built a diverse portfolio of approved medicines and treatment candidates aimed at addressing diseases with high unmet medical need and clear biology, for which there are typically no approved therapies treating the underlying disease.

The company is led by a management team experienced in the development and commercialization of rare disease therapeutics. Ultragenyxs strategy is predicated upon time- and cost-efficient drug development, with the goal of delivering safe and effective therapies to patients with the utmost urgency.

For more information on Ultragenyx, please visit the company's website at: http://www.ultragenyx.com.

About Abeona TherapeuticsAbeona Therapeutics Inc. is a clinical-stage biopharmaceutical company developing cell and gene therapies for serious diseases. Abeonas lead clinical program is EB-101, its investigational autologous, gene-corrected cell therapy for recessive dystrophic epidermolysis bullosa in Phase 3 development. The Companys development portfolio also features AAV-based gene therapies for ophthalmic diseases with high unmet medical need. Abeonas novel, next-generation AAV capsids are being evaluated to improve tropism profiles for a variety of devastating diseases. Abeonas fully integrated gene and cell therapy cGMP manufacturing facility produces EB-101 for the pivotal Phase 3 VIITAL study and is capable of clinical and potential commercial production of AAV-based gene therapies. For more information, visit http://www.abeonatherapeutics.com.

Ultragenyx Forward-Looking Statements and Use of Digital MediaExcept for the historical information contained herein, the matters set forth in this press release, including statements related to Ultragenyx's expectations and projections regarding its business plans and objectives, the therapeutic potential and clinical benefits of its products and product candidates, expectations regarding the safety and tolerability of its products and product candidates, and future clinical developments or commercial success for its products or product candidates are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve substantial risks and uncertainties that could cause our clinical development programs, collaboration with third parties, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the ability of Ultragenyx and its third party partners to successfully develop product candidates, including ABO-102 / UX111, the effects from the COVID-19 pandemic on the companys clinical and commercial activities and business and operating results, risks related to reliance on third party partners to conduct certain activities on the companys behalf, the potential for any license or collaboration agreement, including the companys license agreement with Abeona as described in this press release, to be terminated, uncertainty and potential delays related to clinical drug development, the companys ability to achieve its projected development goals in its expected timeframes, risks and uncertainties related to the regulatory approval process, smaller than anticipated market opportunities for the companys products and product candidates, manufacturing risks, competition from other therapies or products, and other matters that could affect sufficiency of existing cash, cash equivalents and short-term investments to fund operations, the companys future operating results and financial performance, the timing of clinical trial activities and reporting results from same, and the availability or commercial potential of Ultragenyxs products and drug candidates. Ultragenyx undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Ultragenyx in general, see Ultragenyx's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (SEC) on May 5, 2022, and its subsequent periodic reports filed with the SEC.

In addition to its SEC filings, press releases and public conference calls, Ultragenyx uses its investor relations website and social media outlets to publish important information about the company, including information that may be deemed material to investors, and to comply with its disclosure obligations under Regulation FD. Financial and other information about Ultragenyx is routinely posted and is accessible on Ultragenyxs investor relations website (https://ir.ultragenyx.com/) and LinkedIn website (https://www.linkedin.com/company/ultragenyx-pharmaceutical-inc-/mycompany/).

Abeona Forward-Looking StatementsThis press release contains certain statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and that involve risks and uncertainties. We have attempted to identify forward-looking statements by such terminology as may, will, believe, estimate, expect, and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances), which constitute and are intended to identify forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, numerous risks and uncertainties, including but not limited to the potential impacts of the COVID-19 pandemic on our business, operations, and financial condition; continued interest in our rare disease portfolio; our ability to commercialize our EB-101 product candidate; obtaining a strategic partnership to take over development activities for ABO-102; our ability to enroll patients in clinical trials; the outcome of any future meetings with the U.S. Food and Drug Administration or other regulatory agencies; the impact of competition; the ability to secure licenses for any technology that may be necessary to commercialize our product candidates; the ability to achieve or obtain necessary regulatory approvals; the impact of changes in the financial markets and global economic conditions; risks associated with data analysis and reporting; reducing our operating expenses and extending our cash runway; our ability to execute our operating plan and achieve important anticipated milestones; and other risks disclosed in the Companys most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise the forward-looking statements or to update them to reflect events or circumstances occurring after the date of this press release, whether as a result of new information, future developments or otherwise, except as required by the federal securities laws.

ContactsUltragenyx Pharmaceutical Inc. Investors Joshua Higair@ultragenyx.com

Media Jeff BlakeMedia@ultragenyx.com

Abeona Therapeutics Investors and Media Greg Ginir@abeonatherapeutics.com

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Ultragenyx Acquires Global Rights to AAV Gene Therapy ABO-102 for Sanfilippo Syndrome Type A (MPS IIIA) from Abeona Therapeutics - GlobeNewswire

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This Gene Mutation Breaks the Immune System. Why Has It Survived? – WIRED

Posted: at 7:15 pm

In Greenland in January 2021, a child just under two years old was sickvery sick. And his doctors couldnt figure out why. He was feverish, vomiting, having seizures. Meningitis was suspected to be the cause; a tuberculosis diagnosis was also being tossed around. The child was transferred to Copenhagento Rigshospitalet, the largest hospital in Denmarkfor further evaluation.

By March, the childs doctors were no closer to figuring out why he wasnt getting better. So they reached out to Trine Mogensen, a professor of immunology at Aarhus University in Denmark. It was really unclear what this infection was. And there was no evidence of bacterial infection or tuberculosis, Mogensen says. Stumped, she and her team sequenced the childs genome to see if this uncovered any clues. It came out, surprisingly, that there was a genetic mutation, she says.

What they had found was a mutation in the gene that codes for IFNAR2, a protein that binds to type I interferons. Interferons are a family of proteins that play an essential role in fighting off viral infections. Without type I interferons working well, the child would be unable to mount any kind of immune response to viruses such as Covid-19 and the flu.

Yet what virus the child was facing was still unclear. So Mogensen got in contact with Christopher Duncan, a clinician-scientist who studies viral immunity and interferons at Newcastle University in the United Kingdom. Duncan had been researching the very same genetic mutation for several years, first documenting it in a 2015 paper in the journal Science Translational Medicine. In that paper, he and his colleagues had found the genetic variant in a family from Ireland. A 13-month-old infant had suffered a severe case of encephalitisinflammation of the brainafter receiving the MMR vaccine, which contains live (but weakened) forms of the measles, mumps, and rubella viruses. The childs illness ultimately proved to be fatal.

Following the publication of that paper, Duncan and his colleagues had been contacted by researchers in Alaska, who had identified a couple of childrenunrelatedwho had run into major problems with multiple viruses and had the same genetic variant. He was also alerted to two children in northern Canada with a similar condition.

Knowing this, Mogensen and Duncan went back to the child from Greenlandand finally uncovered the root of his condition. They discovered that three weeks before falling ill, he had also been vaccinated with the live MMR vaccine. (The child survived and is now healthy.) Duncan and Mogensen published their findings in April in the Journal of Experimental Medicine.

But now the team wanted to know if there were more people carrying this uncatalogued genetic mutation. They had noted that the boy from Greenland and the children from Alaska were all of Inuit or Alaska Native heritage. They trawled through the genetic records of 5,000 Inuit and found the variant was surprisingly common: In fact, 1 in 1,500 people in the Inuit population were carrying it. That was hugely surprising, Duncan says.

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This Gene Mutation Breaks the Immune System. Why Has It Survived? - WIRED

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BRCA Experts Rally to Research DNA Repair for Better Breast, Ovarian and Other Cancer Treatments – Yale School of Medicine

Posted: at 7:15 pm

When it comes to unlocking the secrets of DNA repair, Ranjit Bindra, MD, PhD, doesnt think in terms of just resources. The Harvey and Kate Cushing Professor of Therapeutic Radiology and professor of pathology favors a far mightier word: armamentarium. Based on the Latin word for armory, it describes the collection of medicines, equipment, and techniques utilized by a medical practitioner for a field of study.

Yale Cancer Center has an especially impressive armamentarium in the study of BRCA1 and BRCA2, proteins involved with DNA repair that, when mutated, can cause breast, ovarian, prostate, and pancreatic cancers. So when a $1 million grant became available for BRCA gene research from the Gray Foundation in 2018, a diverse team of Yale experts whose perspectives on BRCA gene-driven malignancies provide a 360-degree view from bench to bedside combined their collective skills to secure the sizable gift.

In the three years since, Yales team has made significant advances in targeting the BRCA gene-dependent DNA repair axis for cancer therapy.

Both the BRCA1 and BRCA2 protein are involved in DNA repair, said Megan King, PhD, associate professor of cell biology and of molecular, cellular and development biology, and co-leader of the Radiobiology and Genome Integrity Research Program at Yale Cancer Center. However, the work weve done has shown us that they have fundamentally different mechanisms. Thats important, because typically in clinical trials we lump together patients with BRCA1 and BRCA2 mutations. We need to think about these patient populations differently.

Those mechanisms affect which kind of therapies might work once cancer patients relapse on PARP inhibitors, a treatment that stops PARP proteins from repairing DNA damage in cancer cells and leads to cell death. For example, King has identified that if BRCA1 tumors stop expressing the 53BP1 or REV7 proteinboth of which play a role in repairing DNA double-strand breaksthey become resistant to PARP inhibitors. Thats because the absence of those proteins allows a third enzyme, called the Bloom syndrome protein (BLM), to not only resume the resection of DNA double-strand breaks, but go into repair overdrive, called hyper-resection.

Kings research identified BLM as a novel therapeutic target. She already has a candidate in mind for the job: a new class of drugs called ATR kinase inhibitors. The ATR kinase communicates DNA damage to the cell and activates DNA damage checkpoints, which arrest the cell cycle to provide time for repairs.

BLMs hyper-resection is a vulnerability that makes it sensitive to ATR inhibitors, King explained. She is working to design a clinical trial for ATR inhibitors in BRCA1 patients with fellow Gray Foundation team member Patricia LoRusso, DO, professor of medicine and associate cancer center director of experimental therapeutics.

The teams expertand a world experton BRCA2 is Ryan Jensen, PhD, associate professor of therapeutic radiology and pathology. He was the first scientist to purify and study the properties of the full-length BRCA2 protein. In collaboration with AstraZeneca, Jensen has focused on three BRCA2 reversion alleles, containing deletions in the BRCA2 gene that reactivate DNA repair functions, in tumor cell DNA from ovarian cancer patients who relapsed on a PARP inhibitor.

Hes currently researching whether these alleles alone cause resistance to PARP inhibitors and other cancer treatmentsand therefore, these studies could impact clinical management of patients harboring BRCA2 mutations. Furthermore, by leveraging genetic changes in BRCA2 directly from patients, Jensens team hopes this reverse translation approach will accelerate our understanding of why BRCA2 plays such a crucial role in responding to PARP inhibitors.

Enter Bindra, whose expertise in drug development drives the translation of these laboratory targets into patient therapies. His high-throughput testing capabilities enable him to conduct 96- and 384-well plate-based screening assays in PARP-nave and resistant cell lines. Where it used to take one day to analyze one well of a microplate, Bindra can now look at 384 tiny wells overnight and analyze the images and discover patterns automatically.

Of even greater excitement is Bindras comprehensive library of DNA repair inhibitor and damaging agents. He mixes and matches them in new therapeutic combinations to create novel compounds that can synergize or replace current PARP inhibitors.

When we do this testing in an academic setting instead of a pharmaceutical one, were able to profile all drug candidates out there and focus in an unbiased manner on the best combinations to move forward, Bindra said. This is not pie-in-the-sky scientific inquiry. Because they are clinical focused, these new combinations can be tested in clinics in a matter of one to two years.

Bindras cell lines have proven invaluable in Yales DNA repair research beyond the bounds of the Gray Foundation grant.

Faye Rogers, PhD, associate professor of therapeutic radiology, contributes her knowledge in DNA damage repair to the Gray Foundation team but is also pursuing numerous other research endeavors. She tapped the library for a cell line in her research on the use of endophytes to develop novel cancer-fighting compounds. Endophytes are fungi or bacteria that live symbiotically with plants and can produce the same natural products as their plant host. Theyre known as an untapped source for finding novel bioactive natural products.

An undergraduate student in Rogers lab collected endophytes for study while in Ecuador with Yales Rainforest Expedition and Laboratory Course. Rogers has identified one that produces a compound that inhibits DNA double-strand break repair in cancers with repair deficiencies, such as PTEN-deficient glioblastomas. Were now moving forward to come up with a synthetic version of this compound and conducting some medicinal chemistry to improve its efficacy, she said.

Rogers has returned the favor to the Bindra library. She has advised Bindas students in how to synthesize new classes of DNA repair inhibitors and damaging agents that will further expand Bindras testing capabilities of new compounds. Their teamwork is an example of the cross-disciplinary collaboration exemplified by the Gray Foundation team.

When you bring together people with different skills and perspectives, Bindra said, it adds so much more value to the conversation. And adds yet more invaluable tools to Yales DNA repair armamentarium.

Originally published Feb. 25, 2021; updated May 16, 2022.

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BRCA Experts Rally to Research DNA Repair for Better Breast, Ovarian and Other Cancer Treatments - Yale School of Medicine

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