BioCentury on BioBusiness,
Calculus of success
Monday, January 9, 1995
Calculus of success
This year is likely to shape up as the year of the deal, ranging from
last-ditch desperation stands to true strategic partnerships. The latter, illustrated by
last week's transaction between Cambridge NeuroScience Inc. and Boehringer Ingelheim GmbH,
will point up the disparity between Wall Street's valuation of companies, and the value
corporate partners are placing on technologies they want.
CNSI and Boehringer signed a letter of intent to collaborate in the
development and commercialization of Cerestat, CNSI's lead compound. The NMDA ion-channel
blocker acts to forestall nerve cell death by preventing excess entry of calcium into
nerve cells. In December, CNSI began a 120-patient international Phase II dose-response
study in stroke patients. Enrollment in a 23-patient safety and
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