A biotech startup formed by Atlas Venture is collaborating with Biogen Idec to develop a treatment for inherited forms of Ataxia a degenerative neurological condition that leads to physical disabilities, according to a company statement. They include the loss of coordination of hands, fingers, arms, legs but it can also cause a curvature of the spine and heart problems such as arrhythmias. Ataxion has raised $17 million in a Series A round to develop treatments for inherited versions of the disease from Atlas Venture and Biogen. Friedreichs ataxia is the most common version of the orphan disease, which affects under 200,000 people. The condition, which tends to show symptoms in adolescence, has no known cure and has been the subject of increasing attention from the life sciences industry and research institutions. It reflects a broader life sciences industry trend of developing treatments for orphan diseases because theres a higher barrier to entry and it allows companies to keep exclusivity for longer periods of time than conditions with larger patient populations. Atlas Venture formed Ataxion last year when it licensed the technology from Danish biotech company Aniona, since renamed Saniona. The treatments under development focused on using potassium channel activators to … Continue reading
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