e-Therapeutics: a University spin-out company that uses a new approach to discover medicines
Submitting Institution
Newcastle UniversityUnit of Assessment
Psychology, Psychiatry and NeuroscienceSummary Impact Type
TechnologicalResearch Subject Area(s)
Medical and Health Sciences: Neurosciences
Summary of the impact
Professor Malcolm Young and colleagues at Newcastle University developed
new mathematical and computational tools with which they could analyse
large amounts of data on connections in the brain and produce models of
how the brain is organised. Young realised that those research tools could
also be used to analyse networks of proteins involved in disease processes
and predict their susceptibility to drugs and in 2003 he set up the
medicines discovery company e-Therapeutics to exploit the technology. The
company listed on the AIM of the London Stock Exchange in November 2007
and in May 2013 became the eighth largest company in the
biotechnology/pharmaceutical sector listed on the index, with a market
capitalisation of over £90 million.
Underpinning research
Key Newcastle University researchers
(Where people left/joined the university in the period 1993-2013, years
are given in brackets)
- Professor Malcolm Young, Professor of Psychology (1994-2002), and
subsequently Pro-Vice Chancellor (2002-2009).
- Dr Peter Andras, Research Associate (2000-2001), Lecturer (2001-2005),
and subsequently Reader in Complex Systems in the School of Computing
Science.
Background
For decades, neuroanatomists have used tracer chemicals to highlight the
neural connections between different areas of the brain. By examining the
origin and termination of neurons in the different layers of the brain
cortex, they have also been able to make general inferences about the
relationship of different areas to each other.
The organisation of the mammalian brain cortex
In 1999, Young and his group published a paper describing new
mathematical and computational tools that the researchers had used to
explore the organisation of a neural network in the cat brain. Analysis of
data covering about 1500 neural connections showed that the whole network
was in fact arranged into four distinct systems (the visual, auditory,
somatosensory/motor systems, and a fourth higher processing system) (R1).
In another study, the researchers used similar methods to model the
organisation of the macaque cortex, developing a scheme that represented
both the degree of connectivity between different areas and the
hierarchical ordering of them (R2).
To test their theoretical models of brain organisation, the researchers
needed functional data derived from experiments that they could then
compare with their expectations from the model. In collaboration with
Professor Rolf Kotter at the Vogt Brain Research Institute in Germany,
Young and colleagues used connection data to develop an organisational
model of the macaque cortex and then used a set of functional data (on the
spread of brain activity after pharmacological manipulation of the cortex)
to build a separate database that contained information about the
relationships between the different cortical areas. When the two
representations of the cortex were compared, the researchers found them to
be similar in many respects, establishing the significance of the
connectivity analysis (R3).
The structural properties of brain networks
Complex networks, whether biological or artificial, can be classified on
the basis of their structure (one important aspect, for example, is the
pattern of distribution of connections between nodes). A network's
structure is important as it can influence the robustness of the
underlying system. In collaboration with Andras in the School of Computing
Science, Young developed computer models of cortical networks and probed
their structure by removing nodes and connections and then simulating the
effects. The researchers found that cortical networks closely resembled a
particular network type — scale-free — and were characterised by the
presence of highly connected nodes and bottleneck connections (R4). They
speculated that this might partly explain the conditional robustness of
brain systems (such as the variable effects of lesions made in the cortex
on brain function) and relate to how brain networks develop.
The networks that control processes in health and disease are also
scale-free networks, most of whose nodes can be bypassed but with a few
nodes that receive many connections and make the whole network vulnerable
when they are disrupted. Thus, by applying the network analysis used in
brain connectivity it was possible to identify the key nodes in disease
processes and provide a new route to drug discovery.
References to the research
(Newcastle researchers in bold. Citation count from Scopus, July 2013)
R1. Scannell JW, Burns GA, Hilgetag CC, O'Neil MA, Young MP
(1999). The connectional organization of the cortico-thalamic system of
the cat. Cerebral Cortex 9(3):277-99. DOI: 10.1093/cercor/9.3.277.
178 citations.
R2. Hilgetag CC, O'Neill MA, Young MP (2000).
Hierarchical organization of macaque and cat cortical sensory systems
explored with a novel network processor. Philosophical Transactions of
the Royal Society B: Biological Sciences 355(1393):71-89. DOI:
10.1098/rstb.2000.0550. 60 citations.
R3. Stephan KE, Hilgetag CC, Burns GA, O'Neill MA,
Young MP, Kotter R (2000). Computational analysis of functional
connectivity between areas of primate cerebral cortex. Philosophical
Transactions of the Royal Society B: Biological Sciences
355(1393):111-126. DOI: 10.1098/rstb.2000.0552. 129 citations.
R4. Kaiser M, Martin R, Andras P, Young MP (2007). Simulation of
robustness against lesions of cortical networks. European Journal of
Neuroscience 25(10):3185-92. DOI: 10.1111/j.1460-9568.2007.05574.x.
76 citations.
Select research grants
• Royal Society. 1992-7. £145 000. Structure and function in primate
cerebral cortex. (Young was employed at Newcastle University from
October 1994).
• Wellcome Trust. 1993-6. £57 000. Interactions between cortical and
subcortical structures in the mammalian brain.
• Wellcome Trust. 1996-9. £54 000. Mathematical approaches to the
analysis of connectivity in the mammalian brain.
• Wellcome Trust, Biomedical research collaboration grant for links with
the Vogt Institute. 1997-2000. £17 000. Neuroinformatics: integrating
connection and activation data.
Details of the impact
How research on brain networks led to a new approach to discovery of
medicines
In the course of their research at Newcastle University, Young and Andras
gained insights into how neural connection data could be transformed into
models of the structure and organisation of neural networks. In later
work, they showed that such models were capable of simulating certain
features of the brain systems they described, including the vulnerability
of brain functions to specific lesions in the neural network (which have
been extensively described by experimental neuroscientists over the
years). The intuitive leap made by Young was that the same techniques he
used to transform neural connection data into representations of neural
networks could be used to transform protein interaction data (of which
there is much in the literature) into representations of the protein
networks that underpin basic cellular processes, including those
associated with disease. Thus by probing the network underpinning a
disease process, one should be able to identify a set of network points
(proteins) which when targeted will disrupt the functioning of that
network and thereby treat disease. The approach is set out in the first
patent: Method and apparatus for identifying components of a network
having high importance for network integrity (Ev a).
e-Therapeutics
In 2003 Malcolm Young founded e-Therapeutics (Ev b), a medicines
discovery company spun out from his research at Newcastle University. The
company's new and unique approach, which involves network pharmacology, is
protected by six patents that contain more than 200 separate claims of
invention and granted in Europe and the USA (Ev a).
A key feature of the company's method is that it identifies the crucial
few proteins that must be targeted to disrupt the disease process; it
therefore follows that a drug candidate which interacts selectively with
those target proteins must be identified. The company initially sought
candidates from among known molecules, using its approach to identify
those suitable for `repositioning' into the disease in question. Such
molecules often have safety data that can support rapid progress into
clinical trials and typically have well-characterised interactions with
human proteins. Previously undeveloped compounds are more likely, however,
to garner the strongest forms of intellectual property protection, so the
company's drug discovery programme is now mainly focused on identifying
novel molecules.
Industry analysts have commented favourably on this new way of finding
medicines. The productivity of research and development spending by the
pharmaceutical industry has fallen dramatically over recent decades, and
it may be that the existing method of reductionist drug discovery -
identifying one `target' protein and then finding a drug that binds to it
— is not suitable for treating complex diseases such as depression and
cancer. In September 2011, the Wall Street Journal published an article
titled Drugs that are as smart as our diseases in which the
limitations of the old approaches to drug discovery and the merits of
e-Therapeutics' implementation of network pharmacology are described (Ev
c).
Drugs in clinical trials
Two drugs, both repositioned, are currently being evaluated in clinical
trials. The company's anti-cancer drug candidate, ETS2101, is in phase I
clinical trials in the US and UK. ETS2101 is dexanabinol, a compound that
was thought to have a neuroprotective function after brain injury, but
that was shown in a phase III trial to be safe but ineffective for this
indication (Maas et al.,Lancet Neurology 2006. PMID:1636102). Network
modelling predicted an anti-apoptotic action. One trial involves patients
with primary or secondary brain cancer (started June 2012; key data on
safety and dosing expected Q4 2013) and the other involves patients with
solid tumours (started September 2012; key data expected Q1 2014). By May
2013, a total of 17 patients had been treated in the two phase I trials.
No patient had experienced serious adverse events related to treatment
(although one patient experienced severe fatigue after dosing and
continued on a lower dose). One patient with oesophageal cancer had
experienced an objective anti-tumour response (Ev d and Ev j).
The second drug candidate, ETS6103, is a generic drug with an established
safety profile. Trials of ETS6103 for an anti-depressant indication are
more advanced. A controlled phase IIa trial of the drug, which ended in
January 2009, demonstrated encouraging results when the drug was compared
with a marketed tricyclic anti-depressant (Ev e). A larger phase IIb trial
is expected to start shortly (Ev f). A third drug is currently in
pre-clinical development, which shows strong in vitro activity
against C.difficile, a major cause of hospital acquired infections
(Ev f).
The company
e-Therapeutics has grown substantially since it was founded in 2003. It
was listed on the Alternative Investment Market (AIM) of the London Stock
Exchange in November 2007, and with a market capitalisation of £37.3
million at flotation it has become a significant presence in the UK
marketplace with a current (26/06/2013) valuation of £92.7 million (Ev g).
In May 2013, e-Therapeutics became the eighth largest company by market
capitalisation in the pharmaceutical / biotechnology sector on the AIM (Ev
h).
In the context of UK university spin-outs, e-Therapeutics ranks
favourably. The 2010/11 UK Higher Education Business Community and
Interaction Survey showed there were just over 1000 active spin-outs in
which HEIs had equity stakes that year and the average external investment
was of the order of £0.7 million per company (Ev i). In contrast,
e-Therapeutics raised £18 million in February 2011 and another £40 million
in February/March 2013 via share issues (Ev j). The major investors are
currently Invesco (49.8% share) and Aviva (16.2% share) (Ev a and Ev j).
e-Therapeutics employs 20 skilled people across two sites in the UK; the
Network Pharmacology Centre in Oxfordshire (opened in February 2012) and
the company's facility in Newcastle. Since 2008, research and development
spending has totalled more than £11.3 million, and the money raised from
recent share issues is expected to sustain employment and high levels of
research spending through 2017 (Ev j).
Sources to corroborate the impact
Ev a. Patents assigned to e-Therapeutics: EP1968237, EP2028792,
EP2157734, EP2154824; US8301391, US7768942, US7990878. Search at www.google.com/patents
Ev b. e-Therapeutics website: http://www.etherapeutics.co.uk.
Investor information:
http://www.etherapeutics.co.uk/Information/investor-relations.html
Ev c. Wall Street Journal (September 2011): Drugs that are as
smart as our diseases.
http://online.wsj.com/article/SB10001424053111904265504576567070931547618.html
Ev d. Company update on progress of ETS2101 cancer trials.
http://www.etherapeutics.co.uk/userfiles/file/ets2101_trials_update_dec_2012_final_181212.pdf
Ev e. Company-reported results of the completed phase IIa trial of
ETS6103.
http://www.etherapeutics.co.uk/userfiles/file/e-Therapeutics%20antidepressant%20trial%20announcement_FINAL.pdf
Ev f. Company plan for phase IIb trial of ETS6103 and information
on the C.difficile programme.
http://www.etherapeutics.co.uk/index.php?option=com_content&view=article&id=3&Itemid=5
Ev g. London Stock Exchange: financial information on
e-Therapeutics
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B2823H99GBGBXAIM
Ev h. London Stock Exchange: AIM index statistics (May 2013).
http://www.londonstockexchange.com/statistics/historic/aim/may-2013.xls
Ev i. HEFCE HE-BCI (2010-11). Section B UK sector figures for
spin-off and start-up activity. Table 4d.
http://www.hefce.ac.uk/media/hefce/content/pubs/2013/201311/Annex%20A%20Summary%20data%20-%20UK.xls
Ev j. Corroborating source: Chief Financial Officer,
e-Therapeutics.