Sierra Natl BK Tehachapi Calif (MM) (NASDAQ:SIRT)
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From Jul 2019 to Jul 2024
Sirtris Pharmaceuticals, Inc. (NASDAQ: SIRT) today announces a license
agreement with Bayer CropScience AG, headquartered in Monheim, Germany
that grants exclusive, worldwide rights in the field of plants to a
certain Sirtris technology that contributes to cellular life span
extension and stress resistance. In return, Sirtris will receive an
initial up-front and future success bound milestone payments. Further
financial terms were not disclosed.
Crop damage from drought, lack of nutrients and other environmental
stresses is of growing worldwide concern. The licensed technology
provides possible new approaches to improving agricultural productivity.
“Sirtris has and continues to build a strong
intellectual property estate around the cellular pathways and distinct
molecules associated with longevity and diseases of aging,”
said Karl Normington, PhD, Senior Director of Intellectual Property. “Sublicensing
portions of our technology to areas that are outside our principle lines
of focus, such as agricultural productivity, extend the applications of
our technology.”
“We are pleased to be working with Bayer
CropScience,” said Sirtris Pharmaceuticals
Chief Executive Officer and Vice Chair Christoph Westphal, MD, PhD. “Because
of their focus on improving agricultural productivity, they are
well-positioned to leverage this important technology for crop yield
stability.”
Michiel van Lookeren Campagne, PhD, Head of BioScience Research for
Bayer CropScience welcomes the partnership with Sirtris Pharmaceuticals. “Global
population growth and climate change have put huge pressure on
increasing agricultural productivity under sub-optimal growing
conditions. The integration of Sirtris’
proprietary technology into our seeds and traits R&D pipeline will
complement our activities in obtaining higher yielding crops -
especially under difficult climatic conditions.”
About Sirtris Pharmaceuticals, Inc.
Sirtris Pharmaceuticals is a biopharmaceutical company focused on
discovering and developing proprietary, orally available, small molecule
drugs with the potential to treat diseases associated with aging,
including metabolic diseases such as Type 2 Diabetes. Our drug
candidates are designed to mimic certain beneficial health effects of
calorie restriction, without requiring a change in eating habits, by
activation of sirtuins, a recently discovered class of enzymes that the
Company believes control the aging process. The company's headquarters
are in Cambridge, Massachusetts. This and further information is
available at: www.sirtrispharma.com
Forward Looking Statement
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements include, but are not limited to, the potential therapeutic
effects of SIRT1 activators; the progress and results of pre-clinical
and clinical studies of SIRT1 activators; the potential of Sirtris'
technology to improve agricultural productivity; the strength of the
Company's intellectual property estate; and the potential of sirtuin
modulators to receive regulatory approval. These forward-looking
statements about future expectations, plans and prospects of Sirtris
Pharmaceuticals involve significant risks, uncertainties and
assumptions, including risks related to the lack of results that would
provide a basis for predicting whether any of the Company's product
candidates will be safe or effective, or receive regulatory approval,
the possibility that results of pre-clinical studies are not necessarily
predictive of clinical trial results, the Company's potential inability
to initiate and complete pre-clinical studies and clinical trials for
its product candidates, the fact that none of the Company's product
candidates has received regulatory approvals, the potential inability of
the Company to gain market acceptance of the Company's product
candidates, and those other risks factors that can be found in the
Company's filings with the Securities and Exchange Commission. Actual
results may differ materially from those Sirtris Pharmaceuticals
contemplated by these forward-looking statements. Sirtris
Pharmaceuticals does not undertake to update any of these
forward-looking statements to reflect a change in its views or events or
circumstances that occur after the date of this release.