SeaBeLife awarded over €1.5 million in i-Nov innovation competition

Funding for company’s SeaBeEYE project will be used to develop new therapeutic approach for geographic atrophy – advanced form of dry AMD

Roscoff, France, April 22, 2024 – SeaBeLife, a biotechnology company developing drug candidates intended to block cellular necrosis, today announces the award of more than €1.5M ($1.6M) in financing for its SeaBeEYE project at the i-Nov 2024 innovation competition. Funded by the French government’s France 2030 investment plan and administered by Bpifrance in collaboration with ADEME, the French ecological transition agency, this competition aims to support some of the highly innovative projects developed by French businesses. In this, its 11^th financing round, from a total of 149 applications, it awarded funds to 42 projects; meaning less than 30% were successful.

The aim of the SeaBeEYE project is to develop a new therapeutic approach for geographic atrophy, an advanced and prevalent form of age-related macular degeneration (AMD). With few treatment options, this is one of the most significant unmet needs in the field of ophthalmology. SeaBeLife’s approach centers around a molecule that directly and simultaneously blocks the two forms of regulated necrosis – necroptosis and ferroptosis – responsible for photoreceptor cell death, which ultimately leads to vision loss. Its SeaBeEYE project focuses on the preclinical and regulatory development of a drug candidate with an innovative formulation. The company aims to have a treatment option ready for clinical trials in humans by the first quarter of 2026.

“This financial backing is proof of the quality and potential of our project and will enable us to accelerate its development,” explained Morgane Rousselot, CEO and co-founder of SeaBeLife. “We now have the funds we need to move forward, while remaining open to potential collaborations with other industry partners and financial backers.”

SeaBeLife conducted its initial proof of concept using a dry AMD preclinical model. Two innovative formulations were tested: The first a sustained-release intravitreal injection, meaning patients would only need to have injections every two to three months. This was validated in vitro. The second a prototype eye gel for topical application (no injections required). Initial in vivo results confirm that this formulation is effective in transferring the active ingredient to the retina.

Geographic atrophy is a serious ophthalmological disease that affects over five million patients worldwide, approximately 20% of all individuals with AMD. As this is an area of significant unmet need in the medical sector, according to SeaBeLife the potential market in Europe and the US is worth an estimated €2.4 billion ($2.55bn). By developing innovative treatments such as its drug candidate, SeaBeLife aims to respond to this unmet need and improve the quality of life for millions of people affected by this disease.

About regulated cell death and SeaBeLife’s technology

When a cell is ready to die, there are several modes in which it can do so. In the case of certain pathologies, a phenomenon called necroptosis occurs, which is a form of regulated necrosis. Unfortunately, necroptosis results in inflammation, which damages surrounding tissue. SeaBeLife’s molecules have a unique property that make them particularly effective in fighting necroptosis; they also combat another specific mode of regulated cell death, ferroptosis.

Recently, it has been demonstrated that this dual action is essential to the inhibition of regulated necrosis in treating certain pathologies. The crosstalk between necroptosis and ferroptosis triggers cell death regardless of the origin of the pathology.

The SeaBeLife approach – based on these small molecules that simultaneously target two different pathological cell death pathways – is unique in that it tackles the complex crosstalk between them, unlike other treatments that tend to target a single pathway. As a result, SeaBeLife’s treatment options are more likely to prove effective and reduce the chance of resistance in patients.

It also has the potential to treat a wide range of serious diseases. In focusing its research on rare diseases, such as liver diseases, dry AMD and neurodegenerative conditions, SeaBeLife hopes to find solutions to some of the most critical unmet medical needs.

About SeaBeLife

SeaBeLife uses its innovative platform technology to develop small molecules that simultaneously target two different regulated cell death pathways – necroptosis and ferroptosis. With these molecules, it aims to find much-needed solutions for the treatment of rare, acute and chronic diseases. Its main programs include SBL01 for the treatment of severe acute hepatitis and SBL03 for the treatment of age-related macular degeneration.

SeaBeLife’s novel approach is unique in that it targets both necroptosis and ferroptosis simultaneously. There is currently no such dual inhibitor of regulated necrosis available on the market. The ability to target both cell death pathways simultaneously opens up new treatment options for a wide range of acute and chronic conditions. All the company’s research and use cases in this area are protected under six patent families, with some patents already granted in the US and Europe.

Founded in 2019 and based in Roscoff in Brittany, France, SeaBeLife is led by CEO and co-founder Morgane Rousselot, who holds a PhD in biochemistry from Sorbonne University/the French National Center for Scientific Research (CNRS)/Roscoff Marine Station. The company’s activities are based on the research work of Stéphane Bach, PhD, CNRS research engineer and scientific lead at the Roscoff screening platform, Marie-Thérèse Dimanche-Boitrel, research director at IRSET (the French institute for research in environmental and occupational health), and Claire Delehouzé, PhD, a biotechnology engineer, co-founder and CTO at SeaBeLife.

SeaBeLife currently employs eight people and since its creation has raised €5.5M ($5.86M) in private equity and grants. In 2023, the company raised €1.2M ($1.28M) in financing. In 2024 it was among the winners of the i-Nov innovation competition. The company also benefits from the support of numerous partners, including SATT Ouest Valorisation, Biotech Santé Bretagne, Bpifrance and the regional council of Brittany.

www.seabelife.com