RARE Daily

Synspira Therapeutics Expands Agreement with Cystic Fibrosis Foundation

October 21, 2020

Rare Daily Staff

Synspira Therapeutics said the Cystic Fibrosis Foundation has made equity and structured investments in the company of up to $14 million in additional funding.

The new funding brings the Foundation’s total commitment to $22.55 million. In addition, the Miller Family Trust, a founding investor in Synspira, will continue to invest along with the CF Foundation.

“This investment and development collaboration will enable Synspira to complete preclinical and initial clinical development for SNSP003 while also advancing SNSP113 through late stage clinical studies,” said Robert Gallotto, Synspira’s president and CEO. “Our many longstanding collaborations with the CF Foundation underscore our commitment and mutual sense of urgency as we work to bring life-changing therapies to people living with CF and other serious rare disorders.”

Cystic fibrosis causes a buildup of mucus in the respiratory system, which creates an environment for bacterial growth. As a result, CF patients often have persistent pulmonary infections that may not respond well to antibiotic treatments and can lead to a relentless cycle of inflammation, bronchiectasis and decline in lung function. Malabsorption syndromes and exocrine pancreatic insufficiency are life-threatening issues that result from a defect in the digestion and absorption of macronutrients (fat, protein, carbohydrate). Between 85 to 90 percent of people with CF are pancreatic insufficient and require pancreatic enzyme replacement therapy.

The funding will allow Synspira to rapidly advance the development of the company’s novel polycationic glycopolymer SNSP113, currently in phase 2 clinical studies, for the treatment of pulmonary infections and complications. In addition, the funding will accelerate SNSP003, Synspira’s first-in-class orally delivered non-porcine enzyme replacement therapy designed to treat malabsorption syndromes and exocrine pancreatic insufficiency. Lung damage (bronchiectasis) and pulmonary infections as well as malabsorption and gastrointestinal concerns remain leading causes of progressive decline and treatment burden for people living with cystic fibrosis.

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