BioCentury on BioBusiness,
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Boston Biomedical: Quick path to takeout by Dainippon for cancer stem cell tech
Incentivized success
By Michael Flanagan
Senior Writer
Published on
Monday, March 19, 2012
Boston
Biomedical Inc.'s story shows what can happen when researchers are
given the imperative and the resources to invent as if their livelihoods depend
on it. The company emerged from ArQule
Inc. in 2006 and in six years has generated a Phase III-ready cancer
stem cell program that fetched a $200 million acquisition offer from Dainippon
Sumitomo Pharma Co. Ltd.
In addition to the upfront
payment, Boston Biomedical shareholders could receive up to $540 million
in development milestones and $1.9 billion in sales milestones if its two lead
programs are successful.
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