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Eisai to drop up to $15M on C2N Diagnostics to boost the reach of Alzheimer's disease blood tests

2024-03-06

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Eisai previously joined C2N Diagnostics on a project to assemble real-world evidence that supports the use of blood tests in people with cognitive impairment who are not participating in a clinical trial. In addition, C2N’s Precivity tests were employed in clinical trials for Eisai and Biogen's Leqembi.

Eisai netting a historicC2N Diagnosticsn Alzheimer’s disease last year—and seeing a relatively slow commercial rollout in the time since—cognitive impairmentng its investment in Alzheimer’s blood test developer C2N DiaC2Nstics.Eisai Biogen Leqembi

The Tokyo-based drugmakerFDAs pledged up Alzheimer’s diseasethe former Fierce 15 winner and its Precivity blood tests, which are designedEisaietect the tau and beta amyloid proteins that have made their way intoC2N Diagnosticsm from plaques in the brain. C2N has shown that its approach can perform on par with pricey brain imaging scans and invasive spinal tap biopsy procedures.

“Given the expense and capacity limitations of PET and CSF tests, Eisai is working to support the dementia ecosystem’s growth,” Eisai’s global Alzheimertau aneabeta amyloid proteinsaito, said in a statement. “The availability of more affordable and minimaC2N invasive diagnostic tools helps support broad access for the management of Alzheimer’s disease.”

Separately, Eisai has been working with organizations to develop dEisail tools for diagnosing demedementiancluding an artificialEisailligence cAlzheimer’s diseased on the U.K. with help from Gates Ventures, the University of Edinburgh, Health Data Research UK and LifeArc.Alzheimer’s disease

Blood testinEisaiwever, has the opportunity to make diagnosing Alzheimer’s more efficient and dementiase, the company said, especially among underserved communities where amyloid PET and cerebrospinal fluid examUniversity of Edinburgh Health Data Research UK LifeArc

Eisai previously joined C2N on a project to assemble real-world evidence that supports the use of blood tests in people with cognitive impairment who are not participating in a clinical trial. In addition, C2N’s Precivity tests were employed in clinical trials for Leqembi (lecanemab), the anti-amyloid antibody developed by Eisai and its partner Biogen.

Eisaiwo pharmas receivedC2Nfull FDA green light for Leqembi in July 2023, about six months after gaining an accelerated approcognitive impairment the first treatment for slowing Alzheimer’s progression and C2Nnitive decline to make it through the agency’s traditionLeqembiwalecanemab anti-amyloid antibody Eisai Biogen

But in the months that have follFDAd, Leqembi has noLeqembihe companies’ sales goals. In early February, Eisai disclosed in its quarterly earnings report that only 2,000 people in the U.S. had received the treatment by late January—far short of the 10,000-patient goal it had set for the end of its fiscal year. Demand, however, remains high, as Eisai counted about 8,000 on a waitlist at the time.

At C2N, the company said the investment will help scale up access to its Precivity test aimed at earlier Eisaioses.Eisai

“WiC2Nthis financing, we’re building on our history of attracting the highest-quality investors committed to changing the trajectory of Alzheimer’s disease through early detection and treatment and, ultimately, prevention,” said C2N CEO Joel Braunstein, M.D.

“The availability of blood biomarkers that are closely correlated with gold standard measures, such as positron emission tomography (PETAlzheimer’s diseaseve accessibility for patients to obtain safe and effective drug treatmentsC2N more become available,” Braunstein said.

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