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Business

Three Drug Majors Back Start-Up Enlight

July 14, 2008 | A version of this story appeared in Volume 86, Issue 28
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Merck & Co., Pfizer, and Eli Lilly & Co. are the founding members of Enlight Biosciences, a new Boston-based company that seeks to advance technologies that accelerate drug discovery and development. Conceived by the three drug companies and the venture firm PureTech Ventures, Enlight will start with $39 million in funding. The partners note that most life sciences investors in recent years have focused on late-stage therapeutic programs to the detriment of new technology.

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