Tag: awards

  • NIH awards $3 million grants to Case Western Reserve University researchers to study second generation fungerp to fight drug-resistant fungi


    Scynexis, Inc., a biotechnology company pioneering innovative medicines to overcome and prevent difficult-to-treat and drug-resistant infections, announced that researchers from Case Western Reserve University in Cleveland have been awarded a competitive research grant of more than $3 million by the National Institutes of Health (NIH), to investigate a second generation fungerp (SCY-247) developed by Scynexis as a potential treatment for Candida auris (C.auris), a multidrug-resistant yeast that causes serious and often deadly infections.

    The five-year grant from the National Institute of Allergy and Infectious Diseases of NIH will allow the team led by researchers at the Case Western Reserve School of Medicine and University Hospitals Cleveland Medical Center to evaluate this novel antifungal drug developed by Scynexis. The research team will be led by Mahmoud Ghannoum, Ph.D., professor of dermatology and pathology at the School of Medicine and director of the Center for Medical Mycology at University Hospitals Medical Center, Case Western Reserve University, as principal investigator, and Thomas McCormick, Ph.D., an associate professor at the School of Medicine.

    “It is thrilling to see the NIH fund this important research to investigate oral and IV SCY-247, one of our patented triterpenoid antifungals, to target drug resistant C. auris, where there is great need due to limited treatment options and the potential to save lives,” said Marco Taglietti, M.D., president and chief executive officer of Scynexis. “We congratulate Dr. Ghannoum on receiving this grant and want to express our gratitude for his ongoing commitment to patients suffering from terrible and deadly fungal infections.”

    C. auris has emerged in recent years as a global threat causing serious invasive infections with mortality as high as 60 percent worldwide. The majority of C. auris infections are reportedly resistant to fluconazole (FLU) with variable resistance to other members of the three major classes of clinically available antifungals (azoles, polyenes, echinocandins). Some strains are resistant to all three antifungal classes, thereby limiting treatment options. C. auris has been classified as an “urgent threat” by the Centers for Disease Control (CDC). The World Health Organization (WHO) recently released its first ever fungal priority pathogens list (FPPL), which includes C. auris in the “critical priority group.”

    “There is an enormous need to identify and develop new modalities to treat infections caused by the fungal pathogen Candida auris,” Dr. Ghannoum said. “Because C. auris colonizes the skin and acts as a nidus of infection, developing a drug that can concurrently target skin and exhibit systemic efficacy will be highly innovative and desirable. We will investigate whether SCY-247 is a viable option for eradication of C. auris, and whether this compound is effective against known resistant Candida species. The ability of the compound to treat C. auris brain infection also will be assessed.”

    SCY-247 is a second generation fungerp, a triterpenoid class of antifungals, which represents the first new class of antifungal compounds since 2001, and is under development as a potential systemic therapeutic option. The first generation fungerp, ibrexafungerp, formerly known as SCY-078, [pronounced eye-BREX-ah-FUN-jerp] is an antifungal agent and the first representative of the novel class of structurally-distinct glucan synthase inhibitors, triterpenoids. These agents combine the well-established activity of glucan synthase inhibitors with the potential flexibility of having oral and intravenous (IV) formulations. While ibrexafungerp is in late-stage development for multiple indications, including life-threatening fungal infections caused primarily by Candida (including C. auris) and Aspergillus species in hospitalized patients, SCY-247 is in early pre-IND development. SCY-247 has demonstrated broad-spectrum antifungal activity, in vitro and in vivo. SCYNEXIS anticipates that the US Food and Drug Administration (FDA) may grant SCY-247 Qualified Infectious Disease Product (QIDP) and Fast Track designations for the IV and oral formulations of SCY-247.

    Scynexis, Inc. is a biotechnology company pioneering innovative medicines to help millions of patients worldwide overcome and prevent difficult-to-treat infections that are becoming increasingly drug-resistant.

  • Economist Bibek Debroy’s other side: Scholarly works and many awards

    Recently, India’s leading economist and Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) Bibek Debroy has been conferred a Lifetime Achievement Award recently by the Australia-India Chamber of Commerce (AICC), a business network that seeks to facilitate, nurture and transform Australia-India business.

    This highly coveted honour was bestowed upon Debroy in appreciation of his outstanding contribution and service towards growing economic prosperity in India. But there’s another side of the economist in Debroy.

    Bibek DebroyHandout

    An astute scholar, he has translated the unabridged version of the Mahabharata into English. He has also translated the Bhagavad Gita, the Harivamsa, the Vedas and Valmiki’s Ramayana (in three volumes). He has translated the Bhagavata Purana (in three volumes), the Markandeya Purana (one volume), the Brahma Purana (two volumes) and the Vishnu Purana (one volume).

    He is only the second person to have translated both the Mahabharata and the Ramayana, in unabridged form, into English. Sharing this information after his meeting with Debroy on Wednesday, filmmaker-actor Rahul Mittra said he was presented the unabridged version of the Mahabharata into English by Debroy, in a series of 10 volumes.

    Rahul Mittra shared photos on his Instagram handle @ramitts and wrote: “Enlightened to meet up with top economist Padma Shri Dr Bibek debroy, Chairman of the Economic Advisory Council to Prime Minister of India (EAC-PM) and acclaimed Sanskrit scholar along with his gracious wife Suparna at their lovely home and to be presented with his 10 volume unabridged translation of the Mahabharata !!”

    Debroy’s work on poverty alleviation

    Educated in Calcutta, Delhi and Cambridge, Bibek Debroy has worked in the realm of academia, the government and research institutions. When Niti Aayog (the successor to the former Planning Commission) was set up in January 2015, Bibek Debroy was a Member of the Aayog from January 2015 till August 2017 after which he became the Chairman of the Economic Advisory Council to the Prime Minister.

    Bibek Debroy has worked on poverty, inequality, development, governance, law reform and international trade issues and has been the Chairman of a Committee set up by the Chief Minister of Jharkhand (2010-12) to recommend a development plan for the State and a Member of the Rajasthan Chief Minister’s Economic Advisory Council (2014-15).

    Bibek Debroy

    Bibek Debroy with Rahul MittraInstagram

    He was also Chairman of a High-Powered Committee for Restructuring the Railways, set up by Union government (2014-2015). From September 2018 to September 2022, he was the President of the Indian Statistical Institute. He has received Lifetime Achievement Award by US-India Business Summit (2016) and Skoch Foundation award (2022) and Padma Shri in 2015.

  • Manufacturing Knowledge Provider Phillips Education Honored, By L&D Summit And Awards

    Winner of ‘The Best Platform for Connecting Skills to Jobs’ and ‘The Best Innovative Trainer Training Program’ Bengaluru, Karnataka, India (NewsVoir) Phillips Education (A Division of Phillips Machine Tools, a global supplier of state-of-the-art manufacturing technologies) announced today thatWinner of ‘The Best Platform for Connecting Skills to Jobs’ and ‘The Best Innovative Trainer Training Program’ Bengaluru, Karnataka, India (NewsVoir) Phillips Education (A Division of Phillips Machine Tools, a global supplier of state-of-the-art manufacturing technologies) announced today that