LaFayette, N.Y. – August 11, 2022 – Ichor Life Sciences, a preclinical contract research organization, today announced a $1.5 million investment in MitoChem Therapeutics.
Based in Charleston, South Carolina, MitoChem Therapeutics develops treatments to address the effects of mitochondrial dysfunction—a hallmark of aging—in neurodegenerative diseases.
MitoChem Therapeutics and Ichor Life Sciences will work together to advance the development of a small molecule pharmaceutical eyedrop, targeting the mitochondria to treat age-related eye disease.
“Our lead compound is unique in its ability to treat a key mechanism of disease in a broad range of hard-to-treat diseases,” said Michael Voevodsky, CEO of MitoChem Therapeutics. “Ichor Life Science’s investment and capabilities will help advance our compounds into the clinic.”
MitoChem Therapeutics is the third company focusing on treatments for ocular disease in the Ichor portfolio, along with Lento Bio, Inc. and Lysoclear, Inc. Ichor has significantly expanded its ocular capabilities under the leadership of Chris Schillo, who was appointed Director of Vivarium Operations earlier this year. These activities represent a strategic push by Ichor to de-risk therapeutics with longevity applications by targeting ocular indications, while further bolstering its preclinical service offerings.
“An innovator in its space, MitoChem’s pre-clinical data is compelling,” said Dr. Kelsey Moody, PhD, MBA, and CEO of Ichor Life Sciences. “Through our placement with MitoChem, we anticipate making significant advancements related to the treatment of age-related ocular disease while assessing the drugability of fundamental hallmarks of aging more broadly.”
MitoChem Therapeutics will also open a satellite lab in Potsdam, N.Y., at Clarkson University’s Peyton Hall Biotechnology Incubator to support the work at Ichor. Ichor Life Sciences serves as an anchor tenant at the incubator, which is establishing a biotechnology and pharmaceutical start-up cluster in the region.