What's driving spate of spin-offs

What's driving spate of spin-offs

Even though biotechnology companies are themselves young, they frequently spawn new companies. With three new ones announced in the past week - Apoptosis Technology Inc. by ImmunoGen Inc., CollOptics Inc. by Collagen Corp., and Vaxcel Inc. by CytRx Corp. - BioCentury asked several managers what goes into the strategic decision to start a company versus keeping a project in-house.

The key themes that emerged were increased upside for the parties involved in the new company and reduced costs for the parent company. More specifically, forming a new company makes it possible to provide a new team with equity

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