A very focused $20M start-up

Cancer BioScience Corp., a new company designed to bridge the worlds of pure science and applied medicine, is slated to be launched in October with initial capital of about $20 million from private individuals.

The Boston-based company will combine two newly popular concepts in company development: a disease focus and a "virtual company" structure.

"Cancer BioScience is being built on the model of a company without walls," said co-founder Ralph Ingersoll. "We had in mind the space shuttle program. As such, the Boston office will handle three projects -