Significant Diabetes Research Efforts Cluster in the RegionBIOTECH: Companies Have Formed Around Area’s Research Efforts Monday, September 24, 2012
Companies involved in obesity and diabetes research include:
• Sorrento Valley-based Arena Pharmaceuticals Inc. received U.S. FDA approval for its anti-obesity drug this summer, the first of two medications OK’d to “fight fat” since 1999.
• La Jolla-based Orexigen Therapeutics Inc.is waiting approval for its anti-obesity drug.
• Del Mar Heights-based Elcelyx Therapeutics Inc. received an additional $4 million as part of a Series B round to finance further development of a compound that tells the brain that the body has eaten enough. The firm has raised more than $20 million to date in venture capital. It is also working on a treatment for Type 2 diabetes, or so-called adult onset diabetes.
• La Jolla-based Cebix Inc., which is developing a supplemental treatment for Type 1 diabetes, which usually starts in childhood, said it is raising $20 million to pursue R&D, and reported in a filing this spring that it had raised $9 million.
• Bristol-Myers Squibb said in June that it was acquiring San Diego’s Amylin Pharmaceuticals, a blockbuster deal that could be worth $7 billion to investors. The deal came after the company received FDA approval to sell its anti-diabetes drug.
• Sorrento Valley-based insulin pump maker Tandem Diabetes Care said recently that is has raised $36 million in a new round of equity financing, bringing the total amount of money raised to $100 million. The FDA has cleared sales of the company’s portable insulin pump.
San Diego Is a Research Hub
Alain Baron, a former medical doctor who is president and CEO of Elcelyx Therapeutics, traces the root of San Diego’s obesity and diabetes research power back to the era of Vertex Pharmaceuticals, which acquired Aurora Biosciences Corp. in 2001. The company was working on drug development systems in a number of areas based on genetic-related research at the time, he said, including metabolic disorders.
Baron said the research effort didn’t happen overnight; it started with technology and then came expertise.
“They feed on each other,” he said
Meanwhile, Attia repeats a number of important statistics about diabetes in his blog at eatingacademy.com, which covers his personal connections with obesity.
He notes that 34 percent of Americans are obese and two-thirds are overweight, a 200 percent increase from 1970.
Diabetes Is an Epidemic
More than 8 percent of Americans are diabetic, and the medical profession believes that an additional 26 percent of Americans are pre-diabetic, a 400 percent increase from 1970. Overall, close to 29 million U.S. adults and children are diabetic.
In addition, the American Diabetes Association puts the financial burden at $174 billion, $116 billion in direct medical costs and another $58 billion for indirect costs, such as the work-related absences and early death.
“NuSI is looking to concentrate all nutrition science funding efforts into one common and strategic path to resolution, rather than individual efforts that don’t build to a greater scientific understanding,” said Attia.