FoldRx Gets Funds From Fibrosis Group | Chemical & Engineering News
Volume 85 Issue 34 | p. 25 | Concentrates
Issue Date: August 20, 2007

FoldRx Gets Funds From Fibrosis Group

Department: Business | Collection: Economy

Cystic Fibrosis Foundation Therapeutics, an affiliate of the Cystic Fibrosis Foundation, will invest $22 million in FoldRx Pharmaceuticals, a Cambridge, Mass.-based biotech firm that develops drugs to address diseases caused by misfolded proteins. The funds, to be distributed over five years, will drive the discovery and development of compounds to correct a misfolded protein associated with cystic fibrosis. FoldRx will employ its yeast-based, high-throughput screening system to determine the mechanism of the misfolding and then come up with small molecules that address that defect.

 
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