In creating Vescor, Deerfield and MD Anderson aim to perform drug discovery and development in a markedly different way than traditional oncology start-ups. Core activities will be performed at IACS, which provides deep drug discovery and translational research expertise and capabilities, while managerial and operational expertise is provided by both IACS and Deerfield.
“We are excited to join forces with Drs. White and Kimmelman, two world-leading autophagy experts,” said Phil Jones, Ph.D., IACS’s executive director and head of drug discovery. “Our goal is to drive novel drug discovery paradigms and develop cancer therapeutics targeting unexplored mechanisms that might provide high clinical impact. We are delighted to partner in this effort to advance novel drugs towards the clinic.”
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Vescor’s goal is to generate at least one IND-ready asset in a condensed timeframe. This capital-efficient model is possible due to the availability of 100 percent of dedicated resources advancing product development efforts.
“We believe Vescor will identify opportunities to significantly advance the treatment of cancer through manipulating autophagy and thus restore cellular homeostasis leading to the potential reduction of cancer disease burden,” stated William Slattery, Partner at Deerfield. We look forward to working with Drs. White and Kimmelman and MD Anderson to expedite the novel biology of autophagy and to develop drugs that have the ability to impact the lives of patients.”
About Deerfield
Deerfield is an investment management firm committed to advancing healthcare through investment, information and philanthropy.
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