BOSTON, Jan. 22 /PRNewswire/ -- Enlight Biosciences LLC, a Boston-based company conceived in partnership with major pharmaceutical companies and academic luminaries, announced today that Johnson & Johnson has joined the initiative. As a partner, Johnson & Johnson will have the opportunity to invest in the development of strategic technologies that have the potential to fundamentally transform drug discovery and development and to apply these pre-competitive technologies to its therapeutic programs. With the participation of Johnson & Johnson, Enlight and its partners are now poised to direct a combined total of up to $52M toward these advances.
"The Enlight collaboration will benefit from the expansive scope of science and commercial expertise from Johnson & Johnson, as well as from the company's commitment to an open innovation model of supporting universities and medical centers," states Dr. Frank Douglas, Enlight Board Member, PureTech Ventures Senior Partner and former Chief Scientific Officer and Executive Vice President of Aventis.
Enlight proactively addresses critical unmet industry needs with innovations drawn from academic laboratories, startups, and ideas generated internally by the Enlight team. Enlight is focused on areas that include molecular imaging, biologics, and drug formulation and delivery methods, as well as novel synthesis and production technologies and library screening. Enlight evaluates hundreds of technology opportunities per year, selecting only the top one or two to become actively managed programs.
According to Garry A. Neil, M.D., Corporate Vice President, Johnson & Johnson Corporate Office of Science and Technology, "Participation in this initiative will allow us to work with our consortium pee
|SOURCE Enlight Biosciences LLC|
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