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Calando Pharmaceuticals, new Arrowhead Subsidiary, to Commercialize Therapeutic RNAi Delivery Technologies

Feb 22, 2005

NEW YORK, Feb. 22 (GenomeWeb News) - Arrowhead Research has formed a new subsidiary, Calando Pharmaceuticals, which plans to commercialize technologies for the therapeutic use of RNA interference, the Pasadena, Calif.-based company said today.

 

Calando, majority-owned by nanotechnology company Arrowhead, intends to develop non-viral RNAi delivery technologies licensed from the California Institute of Technology for therapeutic purposes. Caltech will receive an equity stake in exchange for the license.

 

Apart from Arrowhead, founders of Calando include Mark Davis, a professor of chemical engineering at Caltech; John Rossi, a molecular geneticist at the City of Hope's Beckman Research Institute; Matt Vincent, a partner of law firm Ropes & Gray; and John Petrovich, who will be Calando's CEO.

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