San Diego’s Arcturus Raises $5M for “Best-in-Class” RNAi Technology

broad range of previously untreatable ills, including certain cancers, rare genetic disorders, and inflammatory diseases. Leading companies in the RNA-based drug development field include Cambridge, MA-based Alnylam Pharmaceuticals (NASDAQ: [[ticker:ALNY]]) and Carlsbad, CA-based Isis Pharmaceuticals (NASDAQ: [[ticker:ISIS]]), which now has 32 antisense-based drugs in its development pipeline.

Antisense technology is based on discoveries in the late 1990s that determined many diseases are caused by abnormal, harmful proteins produced by specific gene mutations. An antisense drug is intended to prevent a mutated gene from producing disease-causing proteins by binding to messenger RNA molecules—before the abnormal protein can be produced.

Alnylam, founded in 2002, has set out to be the leader in RNA interference, another method for blocking the production of disease-related proteins. It has spent the past several years trying to effectively deliver its small interfering RNA molecules (siRNAs) into cells, often using lipid nanoparticles. In late August, Alnylam reported successful early stage animal studies that used advanced lipid nanoparticles to deliver antisense drugs for Transthyretin (TTR)-mediated amyloidosis, an inherited, progressively debilitating, and fatal disease caused by mutations in the TTR gene.

Aside from moving fast, Arcturus is using some uninhibited superlatives to describe its RNAi technologies, which the company is developing for the treatment of rare diseases.

Arcturus co-founder, COO, CSO Pad Chivukula
Pad Chivukula

“We claim to have a superior LNP [liquid nanoparticle] delivery technology than the one [Alnylam] is using in its in Phase 2 [TTR] study,” Chivukula tells me. Arcturus says it has been working with Tekmira Pharmaceuticals (NASDAQ: [[ticker:TKMR]]) of Vancouver, B.C. in a planned study to deliver Tekmira’s RNAi therapeutic for chronic Hepatitis B infection. Tekmira and Alnylam once worked together as partners, but had a high-profile dispute over intellectual property that culminated in a legal settlement last November. Alnylam agreed to pay Tekmira $65 million to resolve the litigation between the two companies.

Arcturus describes its approach as “best-in-class delivery technology,” and says the technology also enhances the company’s ability to nominate additional clinical candidates throughout 2014 as it expands its own drug pipeline.

“We can also say that we have one of the most potent LNPs [lipid nanoparticles] in the industry right now (we will be presenting this data sometime early next year),” Chivukula writes in an e-mail. In a statement from the company, Arcturus CEO Joseph Payne adds, “We are leading the way in pioneering disruptive advances in this space that will truly impact many people and be a game-changer within the medical field.”

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.