Tolera Therapeutics granted Orphan Drug Designation for organ transplant
rejection drug
Kalamazoo, Michigan, Tuesday, April 7, 2009 –
Tolera Therapeutics, Inc., was granted orphan
drug status by the United States Food and Drug Administration (FDA) for its
initial lead candidate, TOL101, for prophylaxis of acute rejection of solid
organ transplantation. TOL101 is a biologic protein that is designed to safely
and specifically target T cells, components of the immune system that play a key
role in the rejection, and ultimate failure, of transplanted organs. Organ
transplantation is often the only viable treatment for many end-stage organ
diseases.
“We are extremely pleased with this current action by the
FDA.” commented John J. Puisis, President and CEO of Tolera.
“We are mobilized to bring TOL101 to market given the patient’s need for
safer and more effective immune suppression therapy.
Doctors are in need of alternatives to traditional immune suppression
approaches, and the current industry pipeline offers few solutions to advance
patient care and meet this critical need.”
The Orphan Drug Act was enacted to allow the FDA to grant a
product special orphan status when it is intended to treat rare diseases or
conditions -- those that affect fewer than 200,000 people annually in the United
States. This special designation waives governmental filing fees, provides the drug
sponsor with tax credits related to development expenses, as well as other
support. In addition, orphan drug
designation creates the opportunity for the sponsor to apply for orphan drug
grant money from the U.S. government to help support clinical trials.
As an agent with the potential to aid patients with a severe condition,
TOL101 meets the stringent FDA requirements for orphan drug designation.
This designation will facilitate TOL101’s entry into the clinic, where
relatively few new therapies have emerged over the last ten years, and there is
a growing need for safer, more targeted therapeutic approaches.
About Tolera Therapeutics: Tolera
Therapeutics is a Kalamazoo,
Michigan
based biotechnology company and a spin-off of the Cleveland Clinic Foundation.
Primary investors in the company include Southwest Michigan First Life
Sciences Fund, Triathlon Medical Venture Partners, Hopen Therapeutics and the
Michigan Economic Development Corporation.
Building upon research done at the University of Kentucky and the
Cleveland Clinic, Tolera Therapeutics is developing and commercializing
therapies for the immune modulation market with the goal of addressing unmet
medical needs with safer, more targeted solutions to reduce the risk of serious
and toxic side effects often associated with immunotherapy. The company is
focusing on commercializing therapeutic monoclonal antibody technology for the
transplantation and autoimmune markets.
Additional information concerning the company and its technology can be
found on its website
www.tolera.com.
Company
contact:
James Herrmann
(269) 585-2100
info@tolera.com