We use cookies to give you a better experience on our website. Learn more about how we use cookies and how you can select your preferences.
BioScience Managers and Cynata
[Image opens on a city skyline against an overcast sky. Images move to street level, where Kilian Kelly is walking with a briefcase and enters an office building. Image changes to Kilian in an office talking to camera and text appears: Kilian Kelly, CEO, Cynata Therapeutics. Image changes to Kilian walking up a staircase to enter a meeting room. Two women are seated at the table and there is a large screen displaying a presentation of Cynata Therapeutics]
Kilian Kelly: BioScience Managers and Cynata Therapeutics are working together on next generation stem cell therapies to change the lives of millions of people around the world living with serious medical disorders. So we are currently developing our products to treat four very different clinical conditions.
[Image of Kilian speaking to camera. A graphic appears of a knee-joint for Osteoarthritis, followed by a graphic for Acute graft-versus-host disease, followed by a graphic for Diabetic foot ulcers. Image then moves to Kilian speaking in front of a screen with a laptop in hand.]
One of them is osteoarthritis of the knee, which is a condition where the cartilage in the knee joint degenerates over time.
The second is a condition called acute graft-versus-host disease, which is a complication of bone marrow transplantation, which is a procedure that's used to treat certain blood cancers, like leukemia and lymphoma.
The third condition is called diabetic foot ulcers. This is a condition in chronic diabetics, where they have very poor blood flow in their lower limbs, and it can lead to these non-healing wounds on their feet, which can cause a lot of problems, including amputation.
[Image returns to Kilian sitting, speaking to camera and a graphic appears of of kidneys. The image cuts to a close-up of a laptop displaying a presentation of ‘A New Standard In Cell Therapy’.]
And, finally, we have a product for patients receiving a kidney transplant, and the aim of this one is to help prevent the rejection of the transplanted kidney in these patients.
The Cymerus technology is a new way of making stem cell therapies consistently and at scale.
[Image of Kilian sitting at a desk typing on a laptop. The laptop screen shows a series of slides: Here’s what makes Cynata truly unique, and Conventional MSC Manufacturing. Image returns to Kilian talking to camera, followed by a close-up of a journal ‘Nature Medicine’ and Kilian turning pages and pointing to specific sections in the journal to one of the women in the room.]
The importance of it is that conventional ways of making stem cell therapies rely on an ongoing supply of new donors. So we have a stem cell bank that came from one blood donor on one occasion, and we can keep making our product on an ongoing basis from that same stem cell bank.
[Image returns to Kilian sitting, speaking to camera and a graphic appears of ‘1 blood donor’ to ‘Scalable therapies’ to ‘Millions of patients’,]
The reason that that's important is it means that we can do it very consistently, 'cause we're using the same starting material every time, and it's also hugely scalable. So we believe that we can use this process to mass-produce these therapies, and allow them to be used by many patients, millions of patients, around the world.
[Image changes to Jeremy Curnock Cook walking in the city, entering a building foyer and then an elevator. Image then cuts to Jeremy sitting in an office with a large window, speaking to camera and text appears: Jeremy Curnock Cook, Founder and Managing Partner, BioScience Managers.]
Jeremy Curnock Cook: BioScience Managers is an investment group that looks after the deployment of money into healthcare programs and projects and development.
[Image of Jeremy speaking to camera followed by a close-up of a computer monitor displaying the BioScience Managers website. The image returns to Jeremy speaking to camera with a graphic indicating ‘Improving Healthcare’.]
It's a very exciting space, particularly the context of changing the face of medicine, the whole idea of making people better, the whole idea of improving healthcare.
[Image moves to a laboratory setting with a close-up of a hand in a blue glove with forceps retrieving a sample from a container emitting vapor. Image changes to a close-up of hands in white gloves manipulating a syringe with a red substance. Image then moves to a person in a white coat with a stethoscope looking at a tablet and documents.]
Jeremy: Scientists need help to build companies, because building them is complicated. Most who come up with the ideas, they rarely ask themselves how that is going to be manufactured? How is it going to be made? How will it be delivered? How is it going to be used by the doctors?
[Image of Jeremy speaking to camera. Image changes to Jeremy approaching a large window in the room and looking out onto the city skyline. Image then moves back to Jeremy speaking to camera.]
That's what we try and answer for them. Support of the Biomedical Translation Fund has allowed BioScience Managers to invest in a company like Cynata, and ultimately deliver a great outcome for Australia in Medicine. The future depends upon those sorts of innovations at the investment-level, being repeated and continued.
[Image of Kilian Kelly speaking to camera followed by a close-up of a laptop screen displaying a ‘Cynata Therapeutics’ presentation. Image changes to a close-up of his hands typing and then back to Kilian working on a laptop, and a close-up of his laptop screen displaying ‘A New Standard In Cell Therapy’.]
Kilian Kelly: In order to take a product from discovery right through to commercial launch, ultimately, what we need to do is to convince regulatory authorities that we can make the product consistently, and that we have clinical evidence that it's both safe and effective.
[Image of Kilian speaking to camera]
The future for Cynata is extremely bright, we are positioned to be the leading stem cell and regenerative medicine company, and that's thanks to the funding from BioScience Managers and the Biomedical Translation Fund.
[End screen with blue background with the Australian Government logo prominently displayed and information about The Biomedical Translation Fund delivered by the Department of Industry, Science and Resources on behalf of the Department of Health, Disability and Ageing]
Overview
- Cynata is a clinical-stage biotechnology company that is revolutionising stem cell therapy.
- BioScience Managers is an international investment firm helping companies develop solutions that transform patient care worldwide.
- BioScience Managers is one of Cynata’s key investors.
- The relationship was made possible by the Australian Government’s Biomedical Translation Fund.
About BioScience Managers
BioScience Managers is a leading international investment firm. They are dedicated to advancing innovative science and technology in the healthcare sector.
We help shift companies in the biomedical space from R&D products to commercialising validated products effectively.
Their global team combines deep industry expertise with a passion for innovation to identify and nurture high-potential opportunities. BioScience Managers was established more than 20 years ago. Its vision is to bring scientific discovery to market by translating cutting edge research into real world solutions.
Using their collective experience across healthcare, finance, and technology, BioScience Managers uses the Australian Government’s Biomedical Translation Fund to invest in promising ventures that address medical issues with significant global impact.
Investing in the biomedical sector is exciting and complex. The field is characterised by rapid innovation and specialised knowledge is critical for any investors in the space.
About Cynata and its innovative stem cell platform
Cynata is a clinical-stage biotechnology company developing next-generation MSC therapies through its proprietary Cymerus™ platform. The platform enables high quality MSC therapies to be made consistently and at scale from a single donor. It has the potential to treat a wide range of medical conditions.
The anti-inflammatory and regenerative properties of MSC therapies have the potential to treat inflammation that leads to chronic disease. However, until now there hasn’t been a way to produce these properties consistently at a large scale and affordable cost.
The Cymerus™ platform uses one donor, whereas other MSCs typically use a number of donors which can lead to an inconsistent product.
The key to Cymerus™ is another type of cell (induced pluripotent stem cells), which represents an ideal starting material for large scale production of cellular therapies. Unlike MSCs, these can replicate themselves to an effectively limitless extent, without losing functionality.
How investment from BioScience Managers helped
Healthy ageing is an increasingly important topic in healthcare. Chronic inflammation can lead to degenerative and debilitating disease. This has been associated with increasing numbers of chronic disease in ageing populations worldwide.
The ongoing partnership between BioScience and Cynata helps address these medical issues. Their collaboration can fund and develop innovative solutions like Cymerus™. Access to capital is crucial for a growing company like Cynata.
BioScience Managers’ investment of at least $10 million in December 2020 has helped Cynata progress multiple clinical development programs in recent years. This investment was made through the Bioscience Managers Translation Fund, which combines private capital with Commonwealth co‑investment from the Biomedical Translation Fund.
Clinical development is a complex business. We have a novel product and are running trials across the globe. BioScience Managers are ideal for a company like Cynata because we know the decision-makers have a thorough understanding of our field and are willing and able to take a long-term view. We appreciate their active support in identifying new business opportunities, involving both potentially complementary technologies and different geographies. Doors are being opened to new business discussions.
How the Biomedical Translation Fund is driving innovation
We could not have made such progress without significant investment over that period, and a material proportion of that investment came from the Biomedical Translation Fund.
The Australian Government’s Biomedical Translation Fund is driving innovation in healthcare.
It helps early-stage biomedical companies develop and commercialise discoveries that improve the health and wellbeing of Australians.
Funding is available through licensed private sector venture capital fund managers, who screen proposals, make capital investments, and provide expertise and access to networks. The Biomedical Translation Fund provides capital from the Commonwealth, which is co-invested alongside private capital.
The co-investment means healthcare investment firms, like BioScience Managers, can better support promising ventures that address unmet medical needs and can achieve significant global impact. It also acts as additional motivation for superannuation funds – a significant source of capital in Australia – to help biomedical companies progress transformative ideas from clinical stage to commercial reality.
The Biomedical Translation Fund is administered by the Department of Industry, Science and Resources, on behalf of the Department of Health, Disability and Ageing.
More information
-
Read more about BioScience Managers.
BioScience Managers -
Read more about Cynata and and the Cymerus™ platform.
Cynata Therapeutics -
Find out more about the Biomedical Translation Fund.
Biomedical Translation Fund