Issue Date: April 18, 2011
Blueprint Medicines Is Oncology Start-Up
Blueprint Medicines, a cancer drug discovery firm, has launched with $40 million in financing led by Third Rock Ventures. The Cambridge, Mass.-based company will use the funds to develop kinase inhibitors using its proprietary compound library and a technology platform that targets specific mutations and resistance mechanisms. The provenance of the fledgling biotech is solid: The company’s founders include Nicholas B. Lydon and Brian J. Druker, both of whom helped develop Novartis’ chronic myeloid leukemia treatment Gleevec, and well-known biotech entrepreneurs Chris Varna and David Armistead.
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