BioCentury on BioBusiness,
How Forma built its drug discovery platform while minimizing VC money
Forma's lean VC profile
Monday, April 14, 2014
Traditional VCs appear to have missed the boat on Forma
Therapeutics Holdings LLC because the platform company launched when
many investors were focusing on late-stage companies or single-asset plays that
could generate near-term returns. Early backing from strategic investors and a
string of deals like this month's Celgene
Corp. partnership have given Forma a free hand to build its drug
In the companies' second
partnership in a year, Celgene paid Forma $225 million in cash up front for a
3.5-year research collaboration to discover and develop compounds targeting
undisclosed protein families across a range of therapeutic areas.
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