About Deerfield

Launched in 1994, Deerfield Management Company is an investment firm dedicated to advancing healthcare through information, investment, and philanthropy—all toward the end goal of cures for disease, improved quality of life, and reduced cost of care.

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A New York City-based not-for-profit devoted to advancing innovative health care initiatives.

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Deerfield generally maintains a combined portfolio of more than 150 private and public investments across the life science, medical device, diagnostic, digital health and health service industries at all stages of evolution from start-up to mature company.

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Deerfield partners with leading academic research centers, providing critical funding and expertise to further sustain and accelerate the commercialization of discoveries toward meaningful societal impact by advancing cures for disease.

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As a strategic partner, Deerfield offers capital, scientific expertise, business operating support, and unique access to innovation.

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The Deerfield Foundation is a New York City-based not-for-profit organization whose mission is to improve health, accelerate innovation and promote human equity.

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Cure is a 12-story innovations campus in New York City that intends to bring together innovators from academia, government, industry, and the not-for-profit sectors to advance human health and accelerate the fight against disease.

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Cure has a series of expert lectures intended to advance thought in healthcare, management, innovation, policy, and other relevant subjects. This fosters growth and education for those at Cure and its guests.

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MD Anderson and Deerfield Management create Vescor LLC to develop novel therapeutics based on inhibiting autophagy for treatment of specific cancers

Houston and New York – January 11, 2017 ― Vescor LLC, a new company focused on discovery and development of autophagy targeted therapeutics for cancer treatment, has been formed by The University of Texas MD Anderson Cancer Center, Deerfield Management and two leading autophagy experts, Eileen White, Ph.D., deputy director and associate director for Basic Science, Rutgers Cancer Institute of New Jersey, and Alec Kimmelman, M.D., Ph.D., chairman,Department of Radiation Oncology at NYU Langone Medical Center and a member of the Perlmutter Cancer Center at NYU Langone.

Vescor, advised by its scientific founders White and Kimmelman, whose research has shown inhibition of autophagy can dramatically impact tumor growth in pre-clinical models, will develop small molecule inhibitors of a number of protein targets at critical nodes of the autophagy cascade, perform investigational new drug (IND) enabling studies, and move these into clinical development. MD Anderson’s Institute for Applied Cancer Science (IACS) in combination with Deerfield will provide drug discovery and development expertise, together with translational research focused at advancing autophagy therapeutics into trials in melanoma, lung and pancreatic cancers.

Autophagy is a cellular process that plays an important role during the development and maintenance of tumors, providing them with the metabolic plasticity to meet their energetic needs, and requirements for cellular building blocks. It allows tumors to scavenge nutrients to sustain growth and survival. Autophagy also has been demonstrated as critical to therapeutic resistance, and is upregulated during cancer treatment in response to chemotherapy and radiation.  

 “Nutrient scavenging by autophagy is a process that tumors hijack to meet their energetic requirements and to provide the necessary cellular building blocks for growth in a stressed tumor micro-environment”said White, “Preclinical models have demonstrated a critical role for autophagy in multiple cancer types.”

Autophagy has been known for over 50 years but its fundamental importance in physiology and medicine was only recognized after Yoshinori Ohsumi’s paradigm-shifting research in the 1990’s that allowed the detailed study of the process for which he was awarded this year’s Nobel Prize in physiology or medicine.

“Numerouspre-clinical studies have now shown a requirement for autophagy in sustaining tumor growth, including pancreatic cancer, as well as in providing a mechanism of resistance to a number of currently used therapies” said Kimmelman. “There is a need for potent and specific autophagy inhibitors to advance these important findings into clinical practice.”

Increating 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.”

Vescor’s goal is to generate at least one IND-ready asset in a condensed time frame. 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.

About MD Anderson

The University of Texas MD Anderson Cancer Center in Houston ranks as one of the world’s most respected centers focused on cancer patient care, research,education and prevention. The institution’s sole mission is to end cancer for patients and their families around the world. MD Anderson is one of only 45 comprehensive cancer centers designated by the National Cancer Institute (NCI).MD Anderson is ranked No.1 for cancer care in U.S. News & World Report’s“Best Hospitals” survey. It has ranked as one of the nation’s top two hospitals since the survey began in 1990, and has ranked first for nine of the past 10 years. MD Anderson receives a cancer center support grant from the NCI of the National Institutes of Health (P30 CA016672).

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MD Anderson
Ron Gilmore
[email protected]

Deerfield Management
Karen Heidelberger
[email protected]