Print
Email
Print Edition Stories
Regenerative medicine firms make business of creating skin
MHT's Julie Donnelly: Biotechs lag in social media use
Cambridge biotech Anchor Therapeutics Inc. stands to receive up to $480 million from New Jersey-based Ortho-McNeil Janssen Pharmaceuticals Inc. (OMJPI), related to a collaborative research and licensing deal associated with Anchor’s pepducin technology.
The agreement calls for the two companies to develop drug candidates to treat cancer and metabolic disorders focused on G protein coupled receptor compounds.
Under terms of the deal, Anchor is eligible to receive up to $480 million from OMJPI stemming from upfront payments, research coverage and milestone payments based on development and regulatory goals.
Anchor’s pepducins are based on discoveries initially developed in the Tufts Medical Center laboratories. The company was previously known as Ascent Therapeutics Inc., when it pulled in a $19 million Series A round in 2008 from TVM Capital, HealthCare Ventures and the Novartis Option Fund. Last month, Anchor closed on a $10 million Series B financing from the same investors.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
