Skip to main content
Premium Trial:

Request an Annual Quote

Millennium to Share Bioinformatics Resources with New Subsidiary


CAMBRIDGE, Mass.--Millennium Pharmaceuticals Inc. has announced that it will make its bioinformatics services, along with other critical research, technology, and automation functions, available to its newly announced subsidiary, Millennium BioTherapeutics Inc. The new company is charged with developing and commercializing therapeutic proteins, antibody therapy, gene therapy, and antisense products. Eli Lilly & Co. is an 18 percent shareholder in exchange for a $20 million investment, and has entered into a multiyear collaborative with Millennium BioThera peutics for the discovery, development, and commercialization of novel therapeutic protein products.

In conjunction with the launch, Millennium Pharmaceuticals has transferred to Millennium BioTherapeutics certain product development rights.

"Access to Millennium's genetics, computational and bench biology, and diverse disease-research expertise provides Millennium BioTherapeutics with a distinct competitive advantage," commented John Maraganore, vice-president and general manager of the new company. He was previously in management at Biogen.

Filed under

The Scan

Another Resignation

According to the Wall Street Journal, a third advisory panel member has resigned following the US Food and Drug Administration's approval of an Alzheimer's disease drug.

Novavax Finds Its Vaccine Effective

Reuters reports Novavax's SARS-CoV-2 vaccine is more than 90 percent effective in preventing COVID-19.

Can't Be Used

The US Food and Drug Administration says millions of vaccine doses made at an embattled manufacturing facility cannot be used, the New York Times reports.

PLOS Papers on Frozen Shoulder GWAS, Epstein-Barr Effects on Immune Cell Epigenetics, More

In PLOS this week: genome-wide association study of frozen shoulder, epigenetic patterns of Epstein-Barr-infected B lymphocyte cells, and more.