ADDF awards grant to support initiation of AGB101 Phase 3 trial for aMCI treatment

The Alzheimer's Drug Discovery Foundation (ADDF) announced today a $900,000 grant to AgeneBio, a pharmaceutical company developing innovative therapies for neurologic and psychiatric diseases. The grant will support the initiation of an FDA-registered Phase 3 clinical trial of AGB101, a new therapeutic treatment for amnestic mild cognitive impairment (aMCI). aMCI is a condition in which memory is worse than to be expected for a person's age and is considered the pre-dementia stage of Alzheimer's disease. This is the second grant that the ADDF has made to AgeneBio.

AGB101 is a proprietary formulation of low-dose levetiracetam, given to patients at approximately one-fifteenth of the dose most commonly prescribed for epilepsy. This therapeutic has been commercialized for more than a decade and offers a well-characterized safety profile at fifteen times the expected dose for AGB101. AgeneBio expects to initiate the AGB101 Phase 3 clinical program in the second half of 2015.

AGB101 is the first and only treatment to target hippocampal hyperactivity, a condition characteristic of the aMCI stage of Alzheimer's disease. The Phase 3 trial will build on studies in both animal models and patients with aMCI that have demonstrated the importance of reducing hippocampal hyperactivity to restore the brain function necessary to maintain cognitive function and memory.

aMCI is believed to affect between 10 and 20 percent of individuals 65 and older. There is currently no FDA-approved therapy for patients in this pre-dementia stage of Alzheimer's disease, representing an enormous unmet clinical need.

"The ADDF is thrilled to support AgeneBio to advance the clinical development of this drug candidate for the benefit of aMCI patients," said the ADDF's Founding Executive Director and Chief Science Officer Howard Fillit, MD. "This treatment has the potential to alter the course of Alzheimer's disease, restore normal brain function and preserve memory and cognitive abilities."

"We are extremely grateful to the ADDF for its continued support of our drug development program," said AgeneBio's CEO Jerry McLaughlin. "This additional grant is a strong endorsement of our clinical program, and we look forward to working with ADDF as our research progresses."