Tuesday, May 31, 2011

One-Person Drug Companies Sprouting Up In Boston

WBUR reports One-Person Drug Companies Sprouting Up In Boston.

"Dennis Goldberg runs a drug company out of one corner of his living room...The drug he and a couple of investors are putting through human trials right now is a cholesterol drug, an improvement over Lipitor. But Goldberg said he doesn’t need to have a corporate headquarters in Cambridge for LipimetiX to be successful. What Goldberg does is simply contract out the work he needs to get done. A peptide manufacturer makes the drug for him. Then he hires a lab to research it and then contracts with medical clinics to do the drug trials. Goldberg is spending $6 million of his and investor money to take this cholesterol drug through the first set of human trials."

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