IIT scientists establish company to develop next generation cell therapies
20 May 2019
Quell Therapeutics has been set up with a £34 million investment from health care business Syncona, with a further £1 million contributed by the UCL Technology Fund.
Developing world-class cell therapies to treat a range of autoimmune and inflammatory diseases, as well as organ transplant rejection, is the focus of a new £35 million company, Quell Therapeutics, founded by Professors Hans Stauss and Emma Morris of the Institute of Immunity and Transplantation together with co-founders from Kings College London and Hannover Medical School.
The new company aims to develop engineered T regulatory (Treg) cell therapies. Tregs are a subset of T cells that provide a regulatory function that harnesses their strong immune-suppressive capacity.
Quell Therapeutics will seek to utilise the power of Treg cells to advance therapies for the management and treatment of a range of conditions such as solid organ transplant rejection, autoimmune and inflammatory diseases.
Syncona has significant expertise in the T-cell field and identified Treg cells as an area of high interest in late 2017 and sought to form a company in this emerging area. As part of the process, Syncona identified global key opinion leaders and unified them behind a common goal of building a company to treat conditions of immune dysfunction utilising gene-modified cells. As a result, Quell has been founded in partnership with six leading experts in the Treg field.
Professors Hans Stauss and Emma Morris of the IIT will provide Quell with over fifteen years of experience in T cell engineering and cell gene therapy clinical trials, having been supported by various charities and funding bodies throughout their research careers.
Professor Hans Stauss said: “Quell brings together the expertise in clinical trials, regulatory T cell biology and gene engineering at UCL, King’s College London and Hannover Medical School.”
“It is exciting to have the backing of Syncona to develop a new class of living medicine to avoid transplant rejection and treat autoimmune diseases.”
The Syncona team will work closely with Quell as it builds out its operations and management team. Syncona Chief Executive, Martin Murphy, has been appointed Chairman, whilst Elisa Petris and Freddie Dear, Syncona Partners, will be Director and Observer on the Board, respectively.
Elisa Petris, Partner of Syncona Investment Management Limited, said: “The foundation of Quell represents an exciting opportunity for Syncona to build the leading cell engineering company with the potential to develop a first-in-class therapy in an innovative field. Over the last year, we have worked to bring together a group of world-class leaders in their respective fields, developed a strategy for the business and funded the business to enable it to scale and succeed. We look forward to continuing to work in close partnership with them as we build out the company’s management team and business plan to deliver their goal of becoming the leader in treating conditions of immune dysfunction utilising gene-modified cells.”
Martin Murphy, Chief Executive of Syncona Investment Management Limited, said: “Quell is the tenth life science company to be founded by Syncona and clearly demonstrates our proactive model in areas of deep domain expertise. We identified an innovative area of science with the potential to deliver dramatic impact for patients and worked to build a company around it. It is an exciting addition to our cell therapy platform, where we are strategically and uniquely positioned with expertise across a range of modalities.”
Professor Emma Morris said: “Quell Therapeutics will build on recent scientific and clinical developments in T cell gene engineering to develop targeted cellular therapies for the treatment of autoimmune diseases and to induce immune tolerance in solid organ transplantation. Our aim is to bring gene modified regulatory T cells into the clinic as rapidly as possible for the benefit of patients.”
- Professor Hans Stauss
- Professor Emma Morris
- UCL Technology Fund
- UCL Business
- UCL Innovation & Enterprise
- King's College London
- Hannover Medical School
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- Media Contact: Henry Killworth, Tel: +44 (0)207 679 5296