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The Association Monégasque contre les Myopathies–Only Project, has been active internationally since 2001 with the mission to find a cure to Duchenne muscular dystrophy, a genetic condition that affects 1 boy in 3,500 and leads to progressive muscle deterioration, loss of autonomy and eventually premature death.
The organization has been pursuing this goal for more than 20 years mainly by:
Some of our key values and principles in operating are:
Our main focus since 2001 has been Duchenne muscular dystrophy (DMD). Here are a few elements to understand better this condition.
Duchenne Muscular Dystrophy is a genetic disease that affects approximately 1 in 3,500 boys. It is caused by a defect in the genetic sequence of dystrophin, an essential protein that helps maintain muscle structure and function. Without dystrophin, muscle fibers deteriorate over time.
The dystrophin gene (the longest gene in humans) is located on the X chromosome, so DMD almost exclusively affects boys; girls, who have a second X chromosome, are very rarely affected).
DMD can be inherited from a carrier parent, usually the mother, who is often unaware of her carrier status due to the lack of symptoms. In some cases, however, the condition results from a spontaneous mutation that occurs in the reproductive cells, meaning there is no family history of DMD.
DMD is generally diagnosed around the age of 4 or 5 when close family members notice delays in motor development. Symptoms often include frequent falls, difficulty with running, jumping or climbing stairs. These early signs usually prompt further evaluation, leading to the diagnosis.
DMD is a progressive disease in which muscle fibers – notably those of the heart – gradually degenerate. The impairment of cardiac and respiratory functions is usually an inevitable critical point that results in a shortened life expectancy, with many affected individuals passing away between the ages of 19 and 30.
To date, while medical care options such as physiotherapy, medications to manage symptoms, braces and standing wheelchairs have improved comfort and extended cardiac and respiratory function, no treatment currently exists to replace dystrophin, the missing protein essential for muscle integrity, at effective levels. This limitation highlights the urgent need for breakthrough therapies capable of restoring or compensating for dystrophin loss.
In recent years, substantial funds raised through Only Watch have been directed towards the developing of promising therapeutic compounds and on setting up a clinical trial for a therapy developed SQY Therapeutics, a non-profit biotech (owned by an endowment fund created by Associations called the Splice Fund).
The clinical trial symbolizes the beginning of a new era and a much larger scale of impact for our Association. If results are positive, the safety phase will be followed by efficacy phases and the development of similar drugs for other types of deletion on the gene (there are different types of genetic flaws on the same gene that lead to Duchenne muscular dystrophy – the first drug developed and tested targets exon 51).
In parallel, because therapy and care will always be plural and because the subject is so wide, the Association will continue to fund initiatives, young talent and brilliant committed minds of all generations and in all types of environments (hospital, university, patient-oriented biotechs…) on topics such as: the evolution of the heart in Duchenne, the ability of modified blood cells to repair muscle, the development of new techniques to sample muscle without pain and scars, R&D on new types of mobility aides… and more.
The gene responsible for DMD is the longest in human DNA, which poses unique challenges in research and treatment. Addressing these challenges has driven innovations in gene-editing techniques, mutation repair, and therapy delivery, opening promising new avenues for treating other genetic disorders. When our research enables advancements in other areas, we are committed to fostering these discoveries, especially for rare diseases where funding is scarce. This commitment has inspired us to expand our motto: “Accelerating research on Duchenne muscular dystrophy and genetic diseases.”
It was Philippe and Paul’s diagnosis with Duchenne muscular dystrophy in the year 2000 that prompted their parents, Ursula & Franck Ferreyrolles and Luc & Monique Pettavino, to create the Association Monégasque contre les Myopathies and to raise funds to accelerate research towards therapeutic solutions.
Starting in 2001, they set out to organize auctions around one-of-a-kind concepts in the arts and luxury sector (The Mona Lisa Project, Adam & Eve, Only One). In 2005, Luc Pettavino came up with the idea for Only Watch, a unique watches auction that he launched in 2005 with 34 watchmakers. Edition after edition, thanks to a growing mobilization and commitment of the watch industry, of collectors, and all supporters (media, partners…) Only Watch grew tremendously, allowing the Association to have considerable funding available to advance its cause: finding a cure to Duchenne muscular dystrophy.
Looking back on more than 20 years of history, here is a short film that binds together the fundraising timeline with the research timeline (edited in 2023).
Here is an overview of the Association’s governance instances and their roles.
The Board of Directors is composed of parents of boys with Duchenne who came together to build momentum and raise funds aimed at accelerating therapies that would improve and extend their sons’ lives. Today, they continue to steer the Association’s efforts with the same determination, driving progress to improve the lives of all individuals born with Duchenne muscular dystrophy (DMD).
The Scientific Advisory Board (SAB) advises the Board of Directors on its scientific grant portfolio, ensuring that funded projects align with the Association’s mission and priorities. Composed of leading experts (multidisciplinary fields primarily focused on DMD), members of the SAB evaluate the “Pioneers grant” applications and provide strategic guidance on the research focus areas supported by the Association.
List of members to be shared at a later date.
The role of the Strategic Committee is to act as counsel to the Board of Directors regarding the strategy of the Association. Long time supporters of the AMM-Only Project and actors of its success over the years, the members of the Strategic Committee are involved in various decisions including but not limited to the attribution of some of the grants.
List of members to be shared at a later date.
Most of our resources (>90%) have come from unique biennial auctions (primarily, since 2005). The Association also receives a few donations from individuals and organizations eager to support the cause. Lastly, AMM-Only Project also has financial revenue from its capital.
Our accounts are certified by an independent auditor, M. Christian Boisson, from Grant Thornton Monaco. Our financial statements and certifications are available on the following links:
All Association’s members are requested to complete and sign our Code of Ethics and a declaration of interest. All staff are required to know and respect an Internal Procedure Guide that spells out all processes and obligations the Associations is subjected to.
When distributing funds and awarding grants, our approach is primarily guided by research for excellence and innovation as well as our desire to empower researchers to give their best and advance knowledge. In the way we conduct grant-giving, we pay close attention to:
We support researchers – within patient-oriented biotechs or public institutions – with the primary goal to find a cure to Duchenne and alleviate suffering.
Discover the supported projects