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Category Archives: Transhuman News

Bionona sticks to online sales in launch of eczema treatment | Scoop … – Scoop.co.nz (press release)

Posted: February 10, 2017 at 2:45 am

Thursday 09 February 2017 02:39 PM

Bionona sticks to online sales in launch of eczema treatment

By Paul McBeth

Feb. 8 (BusinessDesk) - Bionona has launched its Atopis eczema cream treatment and will stick to online sales as it chases "a couple of million" in sales in the first year.

The cream is the brainchild of chief executive Iona Weir, the biochemist who oversaw the development of the Phloe laxative, and has taken four-to-five years to develop in her garage. The research behind the cream came from her Marsden Fund-backed work on programmed cell death in plants known as apoptosis, and through that time attracted Callaghan Innovation support for its second clinical trial in New Zealand during 2015.

Weir told BusinessDesk she wants Atopis to be the number one eczema product in New Zealand and is also targeting sales in the US in a state-by-state roll-out, starting with Colorado.

"In the States, one-in-ten people in the United States has eczema, so even if we get 1 percent of that market, then that's an incredible sized market," she said.

When asked what kind of sales volume target she wants to hit in the first 12 months, Weir said she was aiming for "at least a couple of million". When Vital Foods launched Phloe in 2007, Weir said it sold out in the first morning and was targeting three million units in the first year.

The company chose to avoid wholesalers and distributors and stick to online sales after her experience with Phloe, which generated half of its sales through online channels.

"We discovered online seemed a much better option," she said. "Why would we lose all that money to wholesalers and distributors if we had a proper online marketing campaign?"

Bionona attracted the backing of former NPT executive chairman Paul Dallimore who used the cream on his own grandchildren and was so impressed that he put money into the first clinical testing in the US three years ago.

The company's New Zealand manufacturing will be done out of a factory in Onehunga, while Douglas Pharmaceuticals will cover its over-the-counter grade creams in the US.

Weir said the company has the ability to scale up quickly, with Dallimore "and some of his mates" putting money into the business, and expects to have about 18 months lead-time before "people try to copy us".

She shied away from raising money from the market after a previous experience with venture capitalists put her off, and decided "this time I'm going to take a slower path and do it all myself before bringing the money in".

"It's taken me three times as long, but it's been much more worthwhile," she said.

(BusinessDesk receives funding to help cover the commercialisation of innovation from Callaghan Innovation.)

(BusinessDesk)

ends

Scoop Media

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team led by former Bloomberg Asian top editor Jonathan Underhill and Qantas Award-winning journalist and commentator Pattrick Smellie provides a daily news feed for a serious business audience.

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Bionona sticks to online sales in launch of eczema treatment | Scoop ... - Scoop.co.nz (press release)

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Review of Moisturizer Efficacy in Eczema – Monthly Prescribing Reference (registration)

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Review of Moisturizer Efficacy in Eczema
Monthly Prescribing Reference (registration)
Among patients with eczema, most moisturizers showed some benefit but better results were seen when used with topical active treatment, according to a Cochrane Review. Keeping the skin moisturized is an important part of treating eczema but the ...

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Genetic profiling can guide stem cell transplantation for patients with myelodysplastic syndrome – Medical Xpress

Posted: at 2:44 am

February 9, 2017 Credit: NIH

A single blood test and basic information about a patient's medical status can indicate which patients with myelodysplastic syndrome (MDS) are likely to benefit from a stem cell transplant, and the intensity of pre-transplant chemotherapy and/or radiation therapy that is likely to produce the best results, according to new research by scientists at Dana-Farber Cancer Institute and Brigham and Women's Hospital.

In a study published in the New England Journal of Medicine, the investigators report that genetically profiling a patient's blood cells, while factoring in a patient's age and other factors, can predict the patient's response to a stem cell transplant and help doctors select the most effective combination of pre-transplant therapies. The findings are based on an analysis of blood samples from 1,514 patients with MDS, ranging in age from six months to more than 70 years, performed in collaboration with investigators from the Center for International Blood and Marrow Transplant Research.

MDS is a family of diseases in which the bone marrow produces an insufficient supply of healthy blood cells. Treatments vary depending on the specific type of MDS a patient has; donor stem cell transplants are generally used for patients with a high risk of mortality with standard treatments.

"Although donor stem cell transplantation is the only curative therapy for MDS, many patients die after transplantation, largely due to relapse of the disease or complications relating to the transplant itself," said the study's lead author, R. Coleman Lindsley, MD, PhD, of Dana-Farber. "As physicians, one of our major challenges is to be able to predict which patients are most likely to benefit from a transplant. Improving our ability to identify patients who are most likely to have a relapse or to experience life-threatening complications from a transplant could lead to better pre-transplant therapies and strategies for preventing relapse."

Researchers have long known that the specific genetic mutations within MDS patients' blood cells are closely related to the course the disease takes. The current study sought to discover whether mutations also can be used to predict how patients will fare following a donor stem cell transplant.

Analysis of the data showed that the single most important characteristic of a patient's MDS was whether their blood cells carried a mutation in the gene TP53. These patients tended to survive for a shorter time after a transplant, and also relapse more quickly, than patients whose cells lacked that mutation. This was true whether patients received standard "conditioning" therapy (which includes chemo- and/or radiation therapy) prior to transplant or received reduced-intensity conditioning, which uses lower doses of these therapies. Based on these results, doctors at Dana-Farber are now working on new strategies to overcome the challenges posed by TP53 mutations in MDS.

In patients 40 years old and over whose MDS didn't carry TP53 mutations, those with mutations in RAS pathway genes or the JAK2 gene tended to have a shorter survival than those without RAS or JAK2 mutations. In contrast to TP53 mutations, the adverse effect of RAS mutations on survival and risk of relapse was evident only in reduced-intensity conditioning. This suggests that these patients may benefit from higher intensity conditioning regimens, the researchers indicated.

The study also yielded key insights about the biology of MDS in specific groups of patients. Surprisingly, one in 25 patients with MDS between the ages of 18 and 40 were found to have mutations associated with Shwachman-Diamond syndrome (a rare inherited disorder that often affects the bone marrow, pancreas, and skeletal system), but most of them had not previously been diagnosed with it. In each case, the patients' blood cells had acquired a TP53 mutation, suggesting not only how MDS develops in patients with Schwachman-Diamond syndrome but also what underlies their poor prognosis after transplantation.

The researchers also analyzed patients whose MDS arose as a result of previous cancer therapy (therapy-related MDS). They found that TP53 mutations and mutations in PPM1D, a gene that regulates TP53 function, were far more common in these patients than in those whose disease occurred in the absence of previous cancer treatment.

"In deciding whether a stem cell transplant is appropriate for a patient with MDS, it's always necessary to balance the potential benefit with the risk of complications," Lindsley remarked. "Our findings offer physicians a guide - based on the genetic profile of the disease and certain clinical factors - to identifying patients for whom a transplant is appropriate, and the intensity of treatment most likely to be effective."

Explore further: Mutations in lymphoma patients undergoing transplants raise risk of second cancers

A significant percentage of lymphoma patients undergoing transplants with their own blood stem cells carry acquired genetic mutations that increase their risks of developing second hematologic cancers and dying from other ...

(HealthDay)Umbilical cord blood may work as well as current alternatives for adults and children with leukemiaor even better in some cases, according to a study published in the Sept. 8 issue of the New England Journal ...

New research shows that quickly identifying patients with high-risk acute myeloid leukemia (AML), and speeding the process to find them a stem cell donor and performing the transplant earlier, can significantly improve their ...

Patients with the most lethal form of acute myeloid leukemia (AML) - based on genetic profiles of their cancers - typically survive for only four to six months after diagnosis, even with aggressive chemotherapy. But new research ...

Fred Hutchinson Cancer Research Center announced promising results from an early trial in which patients with high-risk acute myeloid leukemia received genetically engineered immune cells. Of the 12 AML patients who received ...

A large, nationwide study published in the journal JAMA Oncology found that people who received transplants of cells collected from a donor's bone marrow the original source for blood stem cell transplants, developed decades ...

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Researchers find genetic cause of new type of muscular dystrophy – Medical Xpress

Posted: at 2:44 am

February 9, 2017

A newly discovered mutation in the INPP5K gene, which leads to short stature, muscle weakness, intellectual disability, and cataracts, suggests a new type of congenital muscular dystrophy. The research was published in the American Journal of Human Genetics by researchers from the George Washington University (GW), St. George's University of London, and other institutions.

"The average pediatrician may only see one child with a rare disorder in his or her entire career. Even working with a team of specialists, it can sometimes take years for a child to be diagnosed with a specific rare disease," said Chiara Manzini, Ph.D., co-corresponding author for the study and assistant professor in the GW Institute for Neuroscience and in pharmacology & physiology at the GW School of Medicine and Health Sciences. "With a correct diagnosis, families have access to the best care and what to expect as far as the progression of the disease. From a research standpoint, we can develop new, targeted therapies to help these patients."

The research team found five individuals from four families presenting with variable clinical features, including muscular dystrophy, short stature, intellectual disability, and cataracts. While these indicators overlap with related syndromes, dystroglycanopathies and Marinesco-Sjgren syndrome, sequencing revealed a unique mutation in the gene INPP5K in the affected members of each family. This is what led the researchers to believe these individuals are presenting a new type of congenital muscular dystrophy.

Congenital muscular dystrophy is a group of muscular dystrophies characterized by muscle weakness, with its onset at or near birth. The cause is genetic mutations in genes responsible for making the proteins necessary to build and maintain muscles, and sometimes to correctly develop the eyes and the brain. However, the INPP5K gene is unique in that it has a different function than other genes associated with congenital muscular dystrophy. Most genes involved in congenital muscular dystrophy are responsible for maintaining contacts between muscle fibers, while this gene has a function inside the cell and regulates both signaling in response to factors like insulin, and protein trafficking.

"Now that we've identified the genetic mutation, we want to know why the disruption in the gene causes this disorder," said Manzini. "The unique mechanism of this gene could help us develop therapies we have not thought about before, and may move research in a different direction."

"Mutations in the inositol phosphatase INPP5K cause a congenital muscular dystrophy syndrome overlapping the dystroglycanopathies and Marinesco-Sjgren Syndrome" was published in The American Journal of Human Genetics.

Explore further: New research increases understanding of Duchenne muscular dystrophy

A new paper, co-written by faculty at Binghamton University, State University of New York, increases the understanding of Duchenne muscular dystrophy (DMD)one of the most common lethal genetic disordersand points to ...

Myotonic dystrophy type I (MD1) is a common form of muscular dystrophy associated with muscle wasting, weakness, and myotonia. These symptoms are linked to the accumulation of toxic gene transcripts in muscle cells that result ...

Duchenne muscular dystrophy is a chronic disease causing severe muscle degeneration that is ultimately fatal. As the disease progresses, muscle precursor cells lose the ability to create new musclar tissue, leading to faster ...

A potential way to treat muscular dystrophy directly targets muscle repair instead of the underlying genetic defect that usually leads to the disease.

Specific genetic errors that trigger congenital heart disease (CHD) in humans can be reproduced reliably in Drosophila melanogaster - the common fruit fly - an initial step toward personalized therapies for patients in the ...

A newly discovered mutation in the INPP5K gene, which leads to short stature, muscle weakness, intellectual disability, and cataracts, suggests a new type of congenital muscular dystrophy. The research was published in the ...

Kawasaki disease (KD) is the most common acquired heart disease in children. Untreated, roughly one-quarter of children with KD develop coronary artery aneurysmsballoon-like bulges of heart vesselsthat may ultimately ...

Investigators at the Medical University of South Carolina (MUSC) report pre-clinical research showing that a genetic variant encoded in neutrophil cystolic factor 1 (NCF1) is associated with increased risk for autoimmune ...

Geneticists from Trinity College Dublin have used our evolutionary history to shine light on a plethora of neurodevelopmental disorders and diseases. Their findings isolate a relatively short list of genes as candidates for ...

It's been more than 10 years since Japanese researchers Shinya Yamanaka, M.D., Ph.D., and his graduate student Kazutoshi Takahashi, Ph.D., developed the breakthrough technique to return any adult cell to its earliest stage ...

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Stanford scientists describe stem-cell and gene-therapy advances in scientific symposium – Scope (blog)

Posted: at 2:44 am

Using stem cells and gene therapy to treat orcure disease may still sound like science fiction, but a scientific meeting here last week emphasizedall the fronts onwhich it is moving closer and closer to fact.

Were entering a new era in medicine, said Lloyd Minor, MD, dean of the School of Medicine, in his opening remarks at the first annual symposium of the schools new Center for Definitive and Curative Medicine. Stanford researchersare poised to use stem cells and gene therapy to amelioratea wide swath of diseases, from common diagnoses such as diabetes and cancerto rare diseases ofthe brain, blood, skin, immune system and other organs. Ultimately, the goal is to create one-time treatments that can provide lifetime cures; hence the definitive and curative part of the centers name. Stanford is a leader in this branch of medical research, Minor said, addingThis is a vital component of our vision for precision health.

Stanford has a long history of leading basic-science discoveries in stem cell biology, andis now engaged in studyingmany different ways those discoveries couldbenefit patients, saidMaria Grazia Roncarolo, MD, who leads the new center.Our job is to produce clinical data so compelling that industry will pick up the product and take it to the next stage, Roncaraolo told the audience.

Among otherevent highlights:

More coverage of the days events is available in a story from the San Jose Mercury News that describeshowAnthonyOro, MD, PhD, and his colleagues are fighting epidermolysis bullosa, a devastating genetic disease of the skin. Oro closed his talk with a slightly goofy photo of a man getting a spray tan. It got a laugh, but his point was serious: Our goal for the cell therapy of the future is spray-on skin to correct a horrible genetic disease.

Ambitious? Yes. Science fiction? In the future, maybe not.

Previously: One of the most promising minds of his generation: Joseph Wu takes stem cells to heart,Life with epidermolysis bullosa: Pain is my reality, pain is my normaland Rat-grown mouse pancreases reverse diabetes in mice, say researchers Photo of Matthew Porteus courtesy of Stanford Childrens

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Editorial: Censorship in the Senate – Albany Times Union

Posted: at 2:43 am

Photo illustration by Jeff Boyer / Times Union

Photo illustration by Jeff Boyer / Times Union

Editorial: Censorship in the Senate

THE ISSUE:

The Senate majority leader shuts down criticism of a Cabinet nominee.

THE STAKES:

Where do such heavy-handed tactics end at a time of one-party rule?

---

An extraordinary moment came Tuesday in the U.S. Senate when Sen. Elizabeth Warren was told to sit down. She'd gone too far, it seems, in criticizing a Cabinet nominee.

Senate Majority Leader Mitch McConnell shut down Ms. Warren on the grounds that Jeff Sessions of Alabama, President Donald Trump's pick for attorney general, is a senator himself, and as such should not be "impugned."

Whatever your political loyalty, this censoring of an elected representative marks a dangerous development for our democracy.

Ms. Warren, D-Mass., was speaking against Mr. Sessions' nomination Tuesday when the chair interrupted to remind her of Senate Rule 19, which states "no Senator in debate shall, directly or indirectly, by any form of words impute to another Senator or to other Senators any conduct or motive unworthy or unbecoming a Senator." Ms. Warren had been voicing a host of concerns about Mr. Sessions' record on civil rights, abortion, women and immigration. She quoted harsh criticism he had drawn in 1986, when Mr. Sessions was being considered for a federal judgeship, from then-Sen. Edward Kennedy and civil rights icon Coretta Scott King. She continued until Mr. McConnell and his GOP colleagues cut her off, a ruling sustained by a party-line vote.

Put aside that it's absurd to argue Mr. Sessions merits more tender treatment than any other nominee. Let's call this for what it is: The majority leader of what's called the world's most deliberative body stifling deliberation he disagrees with.

Mr. McConnell has employed this sort of partisan heavy-handedness in various ways before, notably in snubbing the Constitution by refusing to even consider former President Barack Obama's nominee for Supreme Court last year. That capped a long campaign of partisan obstructionism.

What we are witnessing what should matter to all Americans is nothing less than a breakdown of the norms of democratic government. Republican stonewalling of Mr. Obama's lower-level judicial appointments led Democrats to eliminate filibusters for those posts when they ran the Senate. Now Republicans may do the same on Supreme Court nominations. So much for a long-standing check on unbridled majority rule.

And now Mr. McConnell has introduced a new prospect: shut down whatever speech the majority doesn't like. What's next?

It's all the more alarming at a time of one-party rule in Congress and the presidency, and with Mr. Trump promising to pack the Supreme Court with ideologues. A top adviser to the president tells the free press to "keep its mouth shut" even as the Senate's leader says as much to one of the foremost women in the opposition party.

If they care nothing for the legacy this behavior is leaving our republic, Mr. McConnell and Republicans should at least weigh their own self-interest. Every bad precedent they enjoy setting today they will surely regret tomorrow.

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Tor Project’s New Mobile App Alerts You To Internet Surveillance … – Forbes

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EDITORIAL: Don’t become an enemy of free speech, no matter how hateful it is – StateHornet.com

Posted: at 2:43 am

Rioters in Berkeley, Calif. forced the University of California, Berkeley to shut down a planned speech by so-called "alt-right" provocateur and Breitbart editor Milo Yiannopoulos on Wednesday, Feb. 1, 2017. (Photo courtesy of Pietro Piupparco / Flickr / CC-BY 3.0)

The president of the Sacramento State College Republicans demanded that school president Robert Nelsen and ASI President Patrick Dorsey if they did not denounce a riot that broke out at UC Berkeley on Feb. 1 in response to a visit by right-wing blogger Milo Yiannopoulos.

The demand came shortly after College Republicans President Mason Daniels and several others attempted to obstruct the path of an anti-Trump march on campus. Several anti-Trump demonstrators responded by telling them your hate speech isnt protected here.

Of course and to the chagrin of many on the left the First Amendment of the United States Constitution does protect hateful speech.

This is not to say that the rhetoric of the self-described alt-right is anything but repugnant to the very concept of morality.

But attempts to censor Yiannopoulos and white nationalist leader Richard Spencer have the potential to backfire for everyone opposed to the Trump administration.

Those protesters who prevented Yiannopoulos from speaking at UC Berkeley last week, and the two people who punched Spencer in the face last month, must have been emotionally satisfied at going the extra mile to oppose the alt-right a loosely-connected network of people opposed to multiculturalism and modernity.

But if the alt-right has shown anything in its quick rise from online harassment of female video game developers in 2014 to one of its own working in the White House, its that what doesnt kill it makes it stronger.

The riots sparked at Berkeley have only helped Yiannopoulos a blogger for Breitbart, the former home of Trump confidant and the aforementioned White House Chief Strategist Steve Bannon go from an internet curiosity to a household name.

Yiannopolous YouTube response to the Berkeley riots has garnered 1.2 million views in just four days, as of press time. Being cast in the role of a victim, Yiannopoulos has become something of a folk hero even for those who do not share his repulsive philosophy.

This has made nobody happier than Yiannopoulos himself, with the possible exception of President Donald Trump, who tweeted that the federal government should consider defunding UC Berkeley.

Trump did not cause the divisions in our country, but he exacerbates them for his political gain. He hopes that by painting all people opposed to his policies as violent anarchists, he can get most Americans to pick him as a lesser of two evils.

Such a strategy worked in the past. According to an August 1968 poll, 53 percent of Americans thought that the U.S. should never have entered the Vietnam War.

Just several months later, however, Republican Richard Nixon and segregationist third party candidate George Wallace won 57 percent of the combined vote not because they were particularly pacifistic, but because they galvanized images of riots, urban crime and political assassinations to scare people into voting for them.

That may be why former Trump campaign chairman Paul Manafort said that Trumps Republican National Convention speech was specifically modeled on Nixons in 1968.

Again, this isnt to argue against a massive mobilization of Americans from the far left to principled conservatives to oppose Trump and the alt-right, even by taking to the streets in protest.

It is to argue that using violent tactics, smashing windows and burning limousines may be a cathartic release but do nothing to convince a Trump voter to change their mind.

And the violence deals another, more dangerous card to the president.

During the campaign, Trump showed very public disdain for religious liberty, freedom of the press, due process and freedom from cruel and unusual punishment.

Is this really the time to demand that government institutions give up neutrality regarding the content of political speech?

As president, Trump is a far larger threat to the Constitution than a small number of rioters in Berkeley which is precisely the problem.

Criticism of the First Amendments religious and political neutrality is nothing new. It has been charged with fostering indifferentism treating all ideas as equally valid.

All ideas are not equally valid, but censorship only gives the power of deciding what is and is not allowed to be talked about to whoever the most powerful person is And as the election upset should make clear, that can change very quickly.

No matter how grievous Yianopoulos or Spencer get, it is government neutrality in political speech that protects everyones right to speak freely.

Do we really want to set a precedent that offensive speech should be banned at a time when the president of the United States has praised dictators for murdering their opponents?

By all means protest, organize and vote. But dont play a character in Bannons dystopian play.

Take off your black bloc outfits, be brave enough to go face-to-face with the other side, and let it be said of us to quote a great leader of a different time that this was their finest hour.

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Ron Paul: Don’t just reform taxes, cut them – Winston-Salem Journal

Posted: at 2:42 am

Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However, taxpayers should temper their enthusiasm because, even in the unlikely event tax collection is simplified, tax reform will not reduce the American peoples tax burden.

Congressional leaderships one nonnegotiable requirement of any tax reform is revenue neutrality. So any tax reform plan that has any chance of even being considered, much less passed, by Congress must ensure that the federal government does not lose a nickel in tax revenue. Congresss obsession with protecting the governments coffers causes reformers to mix tax cuts with tax increases. Congresss insistence on offsetting tax cuts with tax increases creates a political food fight where politicians face off over who should have their taxes raised, who should have their taxes cut, and who should have their taxes stay the same.

One offset currently being discussed is an increased tax on imports. This border adjustment tax would benefit export-driven industries at the expense of businesses that rely on imported products. A border adjustment tax would harm consumers who use, and retailers who sell, imported goods. The border adjustment tax is another example of politicians using tax reform to pick winners and losers instead of simply reducing everyones taxes.

When I was in Congress, I was often told that offsets do not raise taxes, they simply close loopholes. This is merely a game of semantics: by removing a way for some Americans to lower their taxes, closing a loophole is clearly a tax increase. While some claim loopholes are another way government distorts the market, I agree with the great economist Ludwig von Mises that capitalism breathes through loopholes.

By allowing individuals to keep more of their own money, loopholes promote economic efficiency since, as economist Thomas DiLorenzo put it, private individuals always spend their own money more efficiently than government bureaucrats do. Instead of making the tax system more efficient by closing loopholes, Congress should increase both economic efficiency and economic liberty by repealing the income tax and replacing it with nothing.

The revenue loss from ending the income tax should be offset with spending cuts. All federal spending, whether financed by taxes or by debt, forcibly removes resources from the private sector. Thus, all government spending is in essence a form of taxation. Therefore, cutting income and other taxes without cutting spending merely replaces one type of taxation with another. Instead of directly paying for big government via income taxes, deficit spending means citizens will be hit with an increase in the inflation tax. This tax, imposed on the people with the Federal Reserves monetization of debt, is the worst form of tax because it is both hidden and regressive.

Unfortunately, while Congress may make some small cuts in domestic spending, those cuts will be dwarfed by spending increases on infrastructure Keynesianism at home and military Keynesianism abroad. As long as Congress refuses to make serious reductions in spending, the American people will be subject to the tyranny of the IRS and the Federal Reserve.

The suffering will only get worse when concerns over government debt cause the dollar to lose its status as the world reserve currency. This will lead to a dollar crisis and a major economic meltdown. The only way to avoid this fate is for the people to demand a return to limited government in all areas, sound money, and an end to the income tax.

Ron Paul is a former congressman and presidential candidate.

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Baidu-backer Singaporean Finian Tan bets on the next big thing … – DEALSTREETASIA

Posted: at 2:42 am

Bloomberg

February 10, 2017:

Baidu Inc. is often referred to as Chinas Google with a market value of more than $60 billion. But in 2000, it was an upstart struggling to get any attention from investorsexcept from a guy named Finian Tan.Tan, then head of Asia at DFJ Eplanet Ventures, began investing in the search engine, betting that 1.3 billion Chinese would eventually embrace the internet. When it went public five years later, Tans firm emerged as the bigger beneficiary with a stake larger than the 22 percent held by Baidu co-founder, and now billionaire,Robin Li. Hes making a similar bet on San Diego-based regenerative medicine company Samumed LLC, which is valued at $12 billion.

What attracted Tan was Samumeds approach to treating arthritic knees, hair loss, scarring of the lungs and degenerative disc diseases. The company is pursuing novel therapies for those conditions and cancer with drugs that target a cell-signaling pathway that offers promise in reversing the biological processes of aging.

Only twice in my life I have bet so big on day one, says Tan, 54, a Singaporean who co-founded Vickers Venture Partners in 2005. Samumed is going to make even more money for us.Samumeds chief executive officer is Turkish-American entrepreneur Osman Kibar, who has managed to raise more than $300 million in private funding for the company he founded in 2008. Before that, Kibar was scientific founder of Genoptix Inc., an oncology diagnostics company that Novartis AGbought for $470 million in 2011.Tan began investing in Samumed in 2012. Today, Vickers and its co-investors own about 11 percent, including 3.8 percent held by Vickers. Tans company is the only VC firm backing Samumed with the rest of its funding coming primarily from institutional family offices, the startup said.Investing in biotech startups is innately risky, with uncertainties over regulation and execution, according to Paul Santos, managing partner of Wavemaker Partners in Singapore.

All of these things are beyond your control, he said. From a fund allocation standpoint, if you put so many eggs in one basket, you almost cant miss again. And there are many cases where people missed in a big way, like Theranos. Theranos Inc., a blood-testing startup that once commanded a $9 billion private valuation, has seen most of that evaporate amid regulatory battles and questions over its technology.

Samumeds drug candidates are being tested in five patient studies, according to its website. Its pursuing ways to repair or regenerate human tissues through drugs that target the complex system known as the Wnt pathwaya key process in regulating cell development, cell proliferation and tissue regeneration.Scientific understanding of this biological activity represents a major breakthrough in tackling human diseases, according to Elizabeth Vincan, a senior medical scientist at the University of Melbourne, who convened the first international meeting held in Australia on Wnt in 2014.

The Wnt pathway is one way that cells communicate, and the Wnt pathway tells the cells what they are, where they need to be and what they need to become, she says. Its very important in diverse human diseases, so the Wnt pathway is possibly the most interrogated pathway now in drug development. Vincan continues: The aging process is really just cells getting tired, and if you can rejuvenate them, you can certainly reverse the process.The opportunity to invest in Samumed was presented by Tans partner Khalil Binebine, vice chairman of Vickers. Tan was immediately drawn to Samumeds diverse pipeline of drugs covering multiple therapeutic areas.Typically, his firm follows an unusual vetting process for making investments. Each of its five partners is required to get to know the founders of the companies they are considering backing. When they are ready to make a decision, each investment proposition is given a score from 1 (lowest) to 5 (highest). Number 3 isnt allowed because Tan doesnt want any fence-sitters.If one partner loves a deal that everyone else hates, he or she is still allowed to invest as much as $1 million on the startup through the lifetime of a fund. Unanimous deals tend to be the worst deals, Tan says. We are not afraid to be innovative.The probability of companies such as Samumed uncovering the fountain of youth isnt good. Derek Lowe, a medicinal chemist who comments on drug discovery for a blog run by the publishers of the journal Science Translational Medicine, says the overall failure rate for medicines undergoing clinical trials is about 90 percent.

I have not seen anything that makes me think that their chances will be higher than that average, Lowe says. If their investors think differently, they could be in for an unpleasant surprise. Clinical trials are mostly about unpleasant surprises, unfortunately.

Tans path to Vickers includes a variety of roles. He has a Ph.D. in engineering from Cambridge University and has worked at Goldman Sachs Group Inc. and Credit Suisse First Boston. During his brief stint as a senior public servant in Singapore, he also managed a $1 billion fund to develop science and technology in the city-state.Yet many people attribute Tans success to his famous parties. The proficient networker entertains an average of 200 people a month in his home, combining business with pleasure to pull together connections to spot the best deals and talent in technology.The same approach is applied to managing employees, whom he invitesfor a weekly lunch at his sprawling penthouse apartment overlooking Singapores Sentosa Cove.

On a sunny day in January, a dozen of them gathered around the dining table over crispy chicken, spring rolls, sauteed vegetables and the house specialty, beef noodle soup. New-hires from Credit Suisse and McKinsey & Co. joined the gathering.Its not all science that we do, Tan said. A lot of it is art. And a lot of it is entertainment. There are VCs who give you an umbrella when its sunny, and they take it away when its raining. We have a different ethos.Vickers performance is posted on the companys website. Assets raised under its four funds, including co-investments, total $363 million and have a combined value of $2.1 billion.The net value of its fourth fund has increased more than five times, making it the best performing among the venture capital funds that debuted in 2014, according to data compiled by Preqin at the end of June.Vickers understood and supported our need for flexibility to think and act for the long-term crucial aspects for the time-intensive process of developing a broad platform in tissue regeneration, Samumeds Kibar says. Vickers is currently raising $250 million for a fifth fund that closes in July. Tan plans to invest more in Samumed, one of many startups Vickers is bankrolling globally.

More recently the firm has made investments in SiSaf, a Belfast-based biotech firm that aims to improve drug administration. In Singapore, its led a funding round in lifestyle and fitness startup GuavaPass. Its also backing digital payment service provider MatchMove Payand Spark Systems, a foreign exchange platform. Tan says about 28 percent of the ventures Vickers has backed have failed, compared with an average failure rate of more than 50 percent across the venture-capital industry. Of the deals that have succeeded, he says 36 percent have returned more than five times the initial investment.Most VCs play safe, Tan says. Ive always been radical. For us, its all about home runs.To keep closer watch of his most important bet, Tan recently bought a house in San Diego to be near Kibar at Samumed.As housemaids begin serving dessert at his Singapore home, prepared by his three chefs, Tan, dressed in blue jeans, white t-shirt and blazer, throws a question to his lunch guests: If you are able to grow cells at will, what do you think is the age at which we will die?Then he draws an analogy with a car that can last forever if one can keep changing the worn-out parts. Its the same with the human body, he says. We will never die.Despite the odds,Tan isnt giving up hope of bettering the spoils from his bet on Baidu.

Also read:

Vickers Venture leads $5m Series A round in fitness platform GuavaPass

Vickers Venture hits $63.5m first close for Fund V, confident of beating $250m target

Bloomberg

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Baidu-backer Singaporean Finian Tan bets on the next big thing ... - DEALSTREETASIA

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