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Business
Cydan Is Launched For Rare Diseases
by Michael McCoy
April 22, 2013
| A version of this story appeared in
Volume 91, Issue 16
A new company, Cydan, has been formed to help accelerate the development of drugs for orphan diseases—diseases that affect fewer than 200,000 patients worldwide. Based in Cambridge, Mass., Cydan has raised $16 million in a financing round led by Pfizer Venture Investments and the venture capital firm New Enterprise Associates. Cydan says it will work with academic centers, patient foundations, and biotech companies to identify promising rare-disease programs. The most viable ones will be spun off from Cydan as start-up companies.
The power is now in your (nitrile gloved) hands
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