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Gibson Oncology Obtains Exclusive Commercial Rights to Novel Anti-Cancer Drugs That Inhibit the “Undruggable” cMyc Oncogene, a Key Driver for the Majority of Cancers

February 10, 2020 GMT

MIAMI--(BUSINESS WIRE)--Feb 10, 2020--

Gibson Oncology, LLC (“Gibson”), a privately held clinical stage company, obtained world-wide, exclusive commercial rights to a novel series of 56 rationally designed compounds called Azaindenoisoquinolines (“Aza Compounds”), from Purdue University and the National Cancer Institute. These Aza Compounds have proven to be dual inhibitors of cMyc and topoisomerase I (TOP1).

Previous attempts over decades to target cMyc, a major oncogene involved in driving 80% of all tumors, have failed because of the peculiar characteristics of the shallow binding pockets on the cMyc protein, which created the reputation of being an “undruggable” target. Gibson’s novel Aza Compounds were rationally designed to avoid this issue through a novel mechanism of action (MOA) involving the stabilization of the G-quadruplex in the c Myc promoter, resulting in inhibition of transcription of the c Myc gene and thus inhibition of production of the Myc protein. In addition, these Aza Compounds are also potent TOP1 inhibitors, which synergizes with their G-quadruplex stabilizing activity and further enhances their anti-cancer abilities.

Gibson has already signed contracts to produce clinical candidates suitable for an IND.

Dual targeting of cMyc and TOP1 may serve as a novel and highly effective anticancer strategy across a spectrum of cancers. New intellectual property on composition of matter and method of use claims cover such novel compounds to at least 2037.

Randall Riggs, the CEO of Gibson Oncology, LLC, said that “We are excited about the Aza Compounds because scientific literature reports that 80% of all tumors are driven by cMyc. Developing a cMyc inhibitor has been long sought and offers a potential breakthrough therapeutic for many cancers.”

About Gibson Oncology, LLC

Gibson Oncology, LLC is a private oncology drug development company dedicated to expanding upon its novel, cost-effective, and very well-tolerated Indenoisoquinoline anti-cancer agents.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200210005202/en/

CONTACT: Randall B. Riggs, MBA

President & CEO

7772 Fisher Island Drive

Miami, FL 33109

rriggs@gibsononcology.com

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA

INDUSTRY KEYWORD: TECHNOLOGY FUND RAISING PROFESSIONAL SERVICES FOUNDATION PHILANTHROPY SMALL BUSINESS SCIENCE GENETICS CLINICAL TRIALS BIOTECHNOLOGY HEALTH PUBLIC RELATIONS/INVESTOR RELATIONS RESEARCH NANOTECHNOLOGY COMMUNICATIONS PHARMACEUTICAL ONCOLOGY

SOURCE: Gibson Oncology, LLC

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PUB: 02/10/2020 08:00 AM/DISC: 02/10/2020 08:01 AM

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