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Business
Psivida Takes Delivery
October 10, 2005
| A version of this story appeared in
Volume 83, Issue 41
Nanotechnology specialist pSivida will acquire Control Delivery Systems, a Boston-based drug delivery company, for roughly $104 million. pSivida says the deal creates “one of the world's first bio-nanotech companies with product revenues.” CDS has a number of commercial sustained-release treatments, principally in the field of ophthalmology, as well as a product pipeline that includes a treatment for diabetic macular edema now in Phase III trials. pSivida wants to develop a series of drug delivery products for the ophthalmology and oncology fields.
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