The Cross-Border Biotech Blog

Biotechnology, Health and Business in Canada, the United States and Worldwide

Trends Update — Commercialization by Nonprofit Foundations: Not All Coming Up Roses

An article in Mass High Tech yesterday points to the trend we’ve been following of increasing commercialization activity by non-profits, but looks at things from the foundations’ point of view. While the economic crisis is, as expected, causing companies to seek out more foundation funding, those collaborations are having as much trouble as the rest of the biotech world:

  • The Cystic Fibrosis Foundation had to reclaim rights from Altus Pharmaceuticals, and spent $3 million continuing a Phase 3 trial while looking for a new partner;
  • The Michael J. Fox Foundation is putting more money than it planned into its corporate ventures because of the dearth of for-profit investors; and
  • the Juvenile Diabetes Research Foundation has “had to walk away from some really good science” at companies that look “too vulnerable financially.”

The article also has a good list of foundation-biotech collaborations:

Cystic Fibrosis Foundation with Alnara Pharmaceuticals, Epix Pharmaceuticals, FoldRx Pharmaceuticals;

Michael J Fox Foundation for Parkinson’s Disease Research with Alnylam Pharmaceuticals, FoldRx Pharmaceuticals Inc., NeuroHealing, LINK Medicine and Codman & Shurtleff;

Leukemia and Lymphoma Foundation with FoldRx Pharmaceuticals Inc.; and

Juvenile Diabetes Research Foundation with Tolerx Inc., Smart Cells Inc.

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2 responses to “Trends Update — Commercialization by Nonprofit Foundations: Not All Coming Up Roses

  1. Pingback: Commercialization by Foundations a good thing « The RIC Blog

  2. Pingback: Biotech Trends Update — Commercialization by Foundations: New Initiatives from ALS Organizations, Juvenile Diabetes Research Foundation « The Cross-Border Biotech Blog

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