Latest / The BioHub - by Avetix / Jan Thirkettle - CEO Harness Therapeutics at BIO Boston 2025
Transcript
- 0:04All right, so we're in Boston in bio.
- 0:06So I'm here with Jan for Kettle, the CEO of Harness Therapeutics.
- 0:11Just just give a bit of background on yourself.
- 0:13Jan yeah. So CEO, as you say, joined the
- 0:16company in 2021. My background is chemistry,
- 0:21very, very long time ago. I was in large farmer for about
- 0:2320 years, working mainly in late stage, mainly in novel
- 0:27technologies like gene therapy and the rare disease space.
- 0:31And that for me really fired up a passion about building new
- 0:34technology platforms. So that gave me a really great
- 0:38experience across the whole value chain.
- 0:40Got involved in taking one of the first ex vivo gene therapies
- 0:44to market. Then I realized I wanted to
- 0:46change the scene and really felt biotech was a much more
- 0:49exciting, agile environment that I wanted to take part in.
- 0:53Moved to a company called Freelance Therapeutics that was
- 0:56started up as a spin out from UCL in gene therapy for AAV
- 1:02based gene therapy for haemophilia B and a number of
- 1:04their diseases and had a fantastic experience learning
- 1:08the craft of being a start up CEO, chief development officer
- 1:12and being part of a team navigating the channels.
- 1:15Are building a biotech ultimately through COVID as
- 1:17well. Yeah.
- 1:19And you know, that reaffirmed my passion for staying in the
- 1:23biotech space, staying in building the new platforms and
- 1:26new technologies. Yeah, that's amazing.
- 1:28So just moving on to harness, who are you guys?
- 1:32What are you doing? So we are a small new generation
- 1:37company. We're focused on targets where
- 1:40there's a really strong reason to believe that a small increase
- 1:43can be disease modifying. Now that might sound like a very
- 1:46small space actually there's quite a lot of exciting targets
- 1:49in that area that have been well studied is maybe G was or the
- 1:53clinical data behind them, but they've been left unprosecuted
- 1:56because achieving a small controlled increase is pretty
- 1:59difficult. You can't do that with gene
- 2:00therapy and you know by definition knock down platforms
- 2:04can't do that. So that first gets into space of
- 2:08unprosecuted high value targets that can make a big difference.
- 2:12And that's how we've decided to apply the technology we've
- 2:14built. We've built up technology to
- 2:17allow control increases in protein levels, particularly on
- 2:20targets in the CNS. And we a couple of years ago
- 2:24decided to apply that platform, particularly in new degeneration
- 2:28and CNS targets, which was maybe counterintuitive lots of our
- 2:31competitive companies or in rare diseases or in other organs.
- 2:35And new degeneration is not an easy space to be in,
- 2:38particularly on the clinical side of things.
- 2:40But we felt the opportunity on the target space and the match
- 2:43for our platform was really exciting.
- 2:45And that's, that's the, the leap we made a couple of years ago
- 2:48when we brand of the company's Harness Therapeutics.
- 2:51Yeah. How do you completely separate
- 2:54on, but how, how do you find it being AUK based company at the
- 2:58moment? Is it positive, negative or?
- 3:01That's an interesting, really interesting question.
- 3:03I think there's a lot of, there's a lot of positives for
- 3:05being in the UK right now. I mean, our our cost base and
- 3:09access to talent, yeah, is, is actually really strong now.
- 3:13It's a smaller talent pool compared to Boston, San Diego,
- 3:17but there are now in the UK a large number of people who've
- 3:21not just got a great content background, but have got
- 3:24experience of biotech as well. And that pool has really grown
- 3:26over the past decades. So yeah, for for me, it's a
- 3:29great place to get talent and to be able to build and operate
- 3:32really cheaply, frankly, by comparison to the US and some
- 3:37great networks we can access with the healthcare system and
- 3:41Kols in the UK and in Europe. So there's a lot of advantages.
- 3:45You know, we don't have the same pool of big BCS, but you know,
- 3:49those big BCS in the US are looking in this.
- 3:52Space as well. No, I agree.
- 3:53I think I've definitely seen that BCS are seeing the value in
- 3:58European, not just UK talent and companies.
- 4:02I've seen there's definitely resurgence.
- 4:04You've seen other companies coming through doing these big
- 4:07fundraisers that the US companies are doing as well.
- 4:09Yeah, the cost efficiency and, you know, the ability to to
- 4:13build a team, yeah, and build an operation with stability over
- 4:16time. And that's that's difficult.
- 4:18It's more difficult actually if you're in a real hotspot like
- 4:22Boston. There's great pros to that, but
- 4:24there's also cons that it gets, particularly in times of boom,
- 4:27it gets very difficult to maintain the state of the team.
- 4:29Whereas in the UK, it's less dynamic and people expect to
- 4:34stay longer and notice pros and longer.
- 4:36And so that's stability and really building an operation
- 4:40where everybody knows each other, everybody's got each
- 4:42other's back, everybody knows how to be.
- 4:44That actually yields real dividends in the medium term,
- 4:48and that takes time. To, yeah, I think your mindset's
- 4:51quite refreshing because you talk about building a biotech
- 4:54from scratch with like great fondness, which is great, right?
- 4:58Like in what is a tough market through COVID, through what
- 5:02we're going through now for. Me that's, that's one of the
- 5:05most exciting parts of the science is super exciting.
- 5:08But for me, one of the most exciting parts is to build the
- 5:11company and build the operation. And yeah, I think it's also one
- 5:15of the most difficult things actually my, you know,
- 5:17experience at at free line and working with other companies
- 5:21along the way. Yeah, science is always
- 5:23difficult. You're always going to have to
- 5:25adjust the science whenever work is planned.
- 5:27The key then actually is how do you build the operation where
- 5:29you're going to learn from that and adjust and that and and
- 5:33evolved from a two person to a ten person, from a ten person to
- 5:36a forty person. Actually, that's one of the
- 5:39hardest things, yeah, seems to get right and it you need to be
- 5:42quite deliberate about it. But that's yeah, yeah.
- 5:44Second time round feeling a lot, a lot easier and and it's a real
- 5:49focus we're putting onto it as a management.
- 5:51Yeah, I think like the these aspects of gratitude and
- 5:54celebrating little wins is big as well.
- 5:56Like what you guys have done with harness is already a great
- 6:01achievement. Like how often do you actually
- 6:03sit back and. Yeah, maybe not often enough,
- 6:07but for me as an organization, you know, we started this
- 6:10company four years ago, started under a different name.
- 6:13Yeah. From day one, an organization
- 6:15about control, that regulation, as I say, two years ago, we made
- 6:19some decisions partly based on wanting to adjust the Technology
- 6:22Strategy, partly because we felt new generation was supposed to
- 6:25go in and we adjusted the company.
- 6:27And through that period, everybody stayed with it, didn't
- 6:30lose anybody. And that sort of trial by fire
- 6:34of any organization a team has been amazing to see people stick
- 6:38with it. And that's for me is one of the
- 6:40things I'm most excited about the company and proud of the
- 6:43team that have continued to, you know, they've built resilience
- 6:46through that. Yeah, a real, a real team.
- 6:48That's awesome. So what?
- 6:50What's next? Now what?
- 6:51What are you thinking? So we're on the cusp of getting
- 6:54some really exciting data about our lead program, which is
- 6:57hunting this disease and, and say it's getting super exciting
- 7:01data's coming out day by day, week by week.
- 7:04So over the summer, we've got a very exciting summer of say some
- 7:07big data readouts, selecting a development candidate and the
- 7:10cusp of that. And that will be the catalyst
- 7:12for they were going after an A round.
- 7:14And so we're doing all of the pre work getting ready for that
- 7:17starting to Asian investors. But it's about, it's a bit like
- 7:20lining up to the the start line of a very big race and it's the
- 7:24tensions building. Yeah.
- 7:26Oh, it's exciting though. I'm really glad that you guys
- 7:28are getting traction and. Yeah, and and it's been you
- 7:31know, we're lucky the the field, the neuro field is, is on a real
- 7:36up there with some real insights from on target biology on
- 7:40endpoints, farmers really putting focus on investment in
- 7:43the area and the investors can see that.
- 7:46And then Huntington's, there's been some incredible
- 7:48breakthroughs that have been driven by the big research
- 7:51organisations and charities and specs, but that has driven real
- 7:55excitement about thinker studies and luckily for us to put a big
- 7:59focus on the pathway that our target operates in.
- 8:01So you know, we're benefiting from that.
- 8:03So it's a very exciting. Time.
- 8:06Amazing. That's a great place to to
- 8:08finish it off. But great.
- 8:10Stuff Pleasure to have you on Jan.
- 8:11Thanks. Very much no problem.
- 8:12Thank you so much.