Ok so one thing that I look for in a Biotech is a platform or new way of doing things that may lead to many many drugs. The reason for that is if it works 9 times out of 10 these companies are bought before they can realize their save the world abilities. So i have one Bicycle it's a stock nobody cares about but me but it's a shot in the dark that their way of doing things leads to a whole new breakthrough for many diseases. The larger the target populations the better!
Enter CohBar-- Why do we like this company? From the last Earnings call) ) ) )
Steve Engle
Thanks, Jeff. Welcome, everyone, to our call. We believe CohBar represents a rare opportunity in biotech and that mitochondria-based therapeutics represent a treasure trove of potential therapeutic agents for multiple diseases. We are elucidating the function of the peptides defined by sequences in the human mitochondrial genome. We are reading the language of the mitochondria, speaking to the rest of the body. Based on our progress to date, we expect this will enable us to develop key therapies in multiple chronic and age-related diseases.
Let’s start our review of the quarter with 3 key points. In the Phase Ib study, half of the planned subjects have reached the end of their treatment. We made significant progress with our preclinical projects. For example, we announced new preclinical data showing enhanced effects when our antifibrotic peptide is combined with a commonly prescribed IPF drug. And third, based on continued progress in the antifibrotic program, we plan to nominate a second clinical candidate in the first quarter of 2021 based on completing several research tasks.
Next slide? What is the CohBar opportunity? We believe that we are the leaders in developing a new class of therapeutics based on our founder’s discovery that mitochondrial peptides regulate multiple systems in the body. Think about that. Prior to 2001 Drs. Cohen and Barzilai’s discovery, people thought mitochondria were just the powerhouses of the cell and not a key player in regulating some of the body’s key functions. Because it is a new class of drugs, we believe mitochondria-based therapeutics represent a large, untapped and exciting group of potential therapeutics.
Amazingly, our Chief Science Officer, Ken Cundy and his scientists have discovered over 100 peptides in the mitochondrial genome and developed over 1,000 analogs. It is like we have 100 keys on the wall and we’re taking them down one-by-one to discover which biological clock or lock they open. Based on our research results, we believe that some keys may actually open multiple locks, such as NASH and obesity. We are targeting a wide range of diseases that are associated with mitochondrial dysfunction. And because we’re targeting the problem at the cellular level, we believe mitochondrial peptides will work on the cause rather than just the symptoms. Mitochondria-based therapeutics benefit from over 1 billion years of evolution and may generate entirely new approaches to treating diseases.<---- Yowsa!