Biogen Idec acquires Brandeis spin-out

WALTHAM, MassSyntonix Pharmaceuticals, a spin-out company formed by Brandeis University, Brigham and Women's Hospital, and Children's Hospital Boston announced today that it was acquired by biotech giant Biogen Idec (NASDAQ: BIIB - News). Syntonix, a privately held biopharmaceutical company, was founded in 1997 based on breakthrough discoveries from the laboratories of Neil Simister, Ph.D. (Brandeis), Wayne Lencer, M.D. (Children's), and Richard S. Blumberg, M.D. (Brigham). Their research harnesses the human body's natural immunological pathways for novel methods of drug delivery.

"We founded Syntonix with the hope of translating our basic discoveries into improvements in healthcare. The company developed and expanded our technologies to the stage where they have preclinical candidates for treating hemophilia and infertility. Biogen Idec's acquisition is an excellent outcome because they have the expertise in manufacturing and development to bring these drugs to the clinic," said Neil Simister, a Brandeis biology professor and one of Syntonix' founders.

"Brandeis University has a very strong science faculty. This acquisition by Biogen Idec is evidence of the strength of Brandeis' technology. Brandeis has spun-out a number of companies; however, this is the first to be acquired by a large biotech. We are very pleased to have Biogen Idec as our new licensee and we look forward to their success with this technology," said Irene Abrams, the Director of the Office of Technology Licensing at Brandeis University.

Syntonix's lead product, FIX:Fc, is a proprietary long-acting factor IX product for the treatment of hemophilia B. It has the potential to reduce the frequency of intravenous injections required for disease management. Syntonix is expected to file an investigational new drug application with the Food and Drug Administration for FIX:Fc in 2007.

The transaction closed on Januray 31, 2007. In connection with the closing of th

Contact: Laura Gardner
Brandeis University

Page: 1 2 3

Related biology news :

1. Macrochem acquires option to license pexiganan
2. Wiley acquires publications from Carpe Diem Communications
3. Ossur hf. acquires the Gibaud Group in France
4. Springer acquires BioTribune Magazine and Biotribune.com
5. Stevens Davidson Laboratory acquires new research vessel
6. Accentia Biopharmaceuticals acquires exclusive license
7. Ossur acquires US orthotics company Royce Medical
8. Molecular Profiling Institute, Inc. acquires NanoBiomics, Inc.
9. New Brandeis research sheds light on memory by erasing it
10. National Academy of Sciences elects 2 Brandeis University scientists to membership
11. Brandeis and Brigham and Womens Hospital license technology for Gauchers to Amicus Therapeutics

Post Your Comments:

(Date:6/5/2020)... ... June 04, 2020 , ... “Although we are disappointed ... well-being of our attendees, staff, and the public. We remain committed to creating ... ways to collaborate virtually,” said Julie Sutcliffe, President of WMIS. , ...
(Date:6/2/2020)... ... June 02, 2020 , ... ... barcode and RFID labeling software developer and solutions provider, today reported that ... improved labeling accuracy and compliance by 100%, resulting in greater efficiency for ...
(Date:5/28/2020)... , ... May 27, 2020 , ... CrucialTrak, a global ... with New Jersey-based Critical Environments Group (CEG) to market and sell its complete line ... data center and IT environment infrastructure optimization solutions . , Brett Mason, ...
Breaking Biology News(10 mins):
(Date:7/10/2020)... , ... July 09, 2020 , ... ... cell therapy, today announced the hiring of Allen R. Nissenson, M.D., F.A.C.P., as ... oversee the clinical development of Sentien’s lead product, SBI-101. Dr. Nissenson serves ...
(Date:7/7/2020)... ... , ... Bio-IT World has announced the winners of the ... of Chicago, Massachusetts General Hospital, Mission: Cure, and the Pistoia Alliance were honored. ... examples of how technology innovations and strategic initiatives can be powerful forces for ...
(Date:7/1/2020)... ... June 29, 2020 , ... The Interlocal Purchasing System (TIPS), ... membership, recently named BioFit Engineered Products an Awarded Vendor. Awarded Vendor ... seating, cafeteria tables, book trucks and carts at discounted pricing without the delay ...
(Date:6/28/2020)... ... June 25, 2020 , ... The Indoor Lab, a leading provider of sensor ... of all types to ensure cleanliness, distancing and occupancy with its patent pending WipeAway™ ... enabled business will provide a health performance index system that scores all aspects of ...
Breaking Biology Technology:
Cached News: