Northern Biologics: new biotech company to develop cancer drugs
Published: December 11, 2014
It's a biotech company sprung from research by University of Toronto Professor and backed by the San Francisco-based venture capital firm Versant Ventures. The goal: to develop antibody-based drugs to treat cancer and fibrosis.
Launched with a $10 million investment from Versant, Northern Biologics is a joint creation of U of T, the University Health Network's Princess Margaret Cancer Centre and Versant's biotech incubator, e.
鈥淎ntibodies and other medical products from biological sources play an expanding, revolutionary role as alternatives to small molecule drugs by treating disease in a more targeted way and reducing side effects,鈥 said Peter Lewis, interim vice-president of research and innovation at U of T. 鈥淣orthern Biologics is a prime example of the way in which cross-collaboration works to advance and ultimately commercialize the innovative science that is happening in Canadian laboratories.鈥
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