May 30, 2019   SOURCE: PR NewsWire

Alzheimer's Drug Discovery Foundation Announces the First Award Recipients of its Diagnostics Accelerator Program

NEW YORK, May 30, 2019 /PRNewswire/ -- The Alzheimer's Drug Discovery Foundation (ADDF) announced today the first group of researchers who will receive funding through its Diagnostics Accelerator, a new research program that aims to fast-track the development of diagnostic tools and biomarkers for Alzheimer's disease and related dementias.

With funding from a coalition of philanthropists, including ADDF Co-Founder Leonard Lauder, Bill Gates and Jeff and MacKenzie Bezos, among others, the ADDF will award up to $50 million over the next three years. Through its first Request for Proposals (released July 2018), which focused on biomarkers in the blood, eye, and other peripheral fluids and tissues, at least 10 awards are anticipated to be funded this year totaling up to $10 million. A second RFP around digital tests was released in April with the first funding awards expected at the end of the year.

"We are thrilled to announce the first round of awards of the Diagnostics Accelerator initiative. After an extensive review, we selected research that showed promise in accelerating the development of innovative diagnostic tools, such as blood tests and eye scans," said Howard Fillit, MD, Founding Executive Director and Chief Science Officer of the Alzheimer's Drug Discovery Foundation. "Unlike heart disease and cancer, we lack simple and cost-effective diagnostic tools and biomarkers that are critical to finding ways to prevent and treat Alzheimer's disease. Once we have them, we will better understand how Alzheimer's progresses and make clinical drug trials more efficient and rigorous."

Award recipients will be recognized at the ADDF's Thirteenth Annual Connoisseur's Dinner held at Sotheby's in New York City, May 30(th).

The first four awards from this first RFP total up to approximately $3.5 million. Nearly 300 letters of intent proposing new diagnostic strategies from 30 countries on six continents were reviewed by the ADDF working closely with external scientific reviewers and a Joint Steering Committee. Acclaimed researchers include:

    --  Saliha Moussaoui, PhD - Amoneta Diagnostics SAS (up to $2 million),
        France: Amoneta is developing a rapid non-invasive diagnostic test to
        predict mild cognitive impairment (MCI) and early Alzheimer's disease
        (in support of the MemoryLINC project). The proposed test panel measures
        two species of ribonucleic acids that are stable in the blood and show
        promise in early detection of Alzheimer's disease.
    --  Kaj Blennow, MD, PhD - University of Gothenburg ($500,000), Sweden: Dr.
        Blennow's team is developing the first ultra-sensitive blood test for
        brain-specific tau. His team has identified brain-derived tau fragments
        in the cerebral spinal fluid that correlate well with Alzheimer's
        disease neuropathology and will now extend this unique approach into
        blood.
    --  Tom MacGillivray, PhD - University of Edinburgh ($488,997), Scotland:
        This study employs a novel combination of retinal biomarkers capturing
        neurodegeneration and vasculature dysfunction often found in Alzheimer's
        disease with advanced imaging analyses. The results of this project, if
        successful, may be offered for widespread use as a cloud-based system
        for analyzing retinal images or incorporated into the eye scan device
        software.
    --  Peter van Wijngaarden, PhD - Centre for Eye Research Australia
        ($420,321), affiliated with University of Melbourne, Australia: Dr. van
        Wijngaarden's study will test a simplified eye scan, which can detect
        amyloid in the retina prior to signs of cognitive decline. The team is
        developing a more portable and inexpensive prototype camera. The study
        will establish whether this novel eye imaging technique can replace
        expensive PET imaging or invasive CSF tests for Alzheimer's diagnosis
        and be used to detect early signs of Alzheimer's prior to signs of
        cognitive decline.

About the Diagnostics Accelerator
The Diagnostics Accelerator, created in July 2018, is a partnership of funders with funding commitments totaling nearly $50 million from partners including ADDF Co-Founder Leonard Lauder, Bill Gates, Jeff and MacKenzie Bezos, the Dolby family, the Charles and Helen Schwab Foundation, The Association for Frontotemporal Degeneration, among others, to develop novel biomarkers for the early detection of Alzheimer's disease and related dementias.

This research initiative is dedicated to accelerating the development of affordable and accessible biomarkers to diagnose Alzheimer's disease and related dementias, and to advance the development of more targeted treatments. Through translational research awards and access to consulting support from industry experts, this program will challenge the research community in both academia and industry to develop novel peripheral and digital biomarkers.

About the Alzheimer's Drug Discovery Foundation
Founded in 1998 by Leonard A. and Ronald S. Lauder, the Alzheimer's Drug Discovery Foundation is dedicated to rapidly accelerating the discovery of drugs to prevent, treat and cure Alzheimer's disease. The ADDF is the only public charity solely focused on funding the development of drugs for Alzheimer's, employing a venture philanthropy model to support research in academia and the biotech industry. Through the generosity of its donors, the ADDF has awarded over $115 million to fund more than 590 Alzheimer's drug discovery programs and clinical trials in 18 countries. To learn more, please visit: http://www.alzdiscovery.org/.

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SOURCE Alzheimer's Drug Discovery Foundation