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April 14th, 2008

Scientist gives VC an edge

Abstract:
When the idea for a new drug-delivery company called BIND Biosciences Inc. started percolating in a lab here four years ago, venture capitalists quickly offered to invest.

One moneyman, though, had an inside track: Terry McGuire, a partner with nearby Polaris Venture Partners. Mr. McGuire was familiar with BIND's nanoparticle technology to treat tumors and heart disease. He's also a friend, and frequent business partner, of Robert Langer, the decorated scientist who runs the Massachusetts Institute of Technology lab. That relationship often gives Polaris first dibs on cutting-edge medical technology developed there.

Source:
online.wsj.com

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