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Article Excerpt
Core Management Team in Place
TOKYO -- JapanBridge, Inc. ("JapanBridge"), a specialty pharmaceutical company with operations in Tokyo founded in 2006 by MPM Capital and Itochu Corporation ("Itochu"), announced today that it has entered into a strategic alliance with Kyowa Hakko Kogyo Co., Ltd. ("Kyowa Hakko") (TOKYO:4151), a major Japanese pharmaceutical company, to collaborate on the commercialization of oncology and oncology supportive care assets in Japan.
Separately, JapanBridge announced the completion of a $6.5 million Series A-2 preferred financing provided by MPM Capital, Itochu, and Kyowa Hakko. The company was founded in 2006 by Dr. Bard Geesaman, Venture Partner at MPM Capital, John McDonald, Venture Partner at MPM Capital, and Koji Shinozaki, Innovative Technology Business Development Office, Itochu, with seed capital from MPM Capital and Itochu. The A-2 funds will be used to build the business infrastructure in Japan and identify 2-4 oncology drugs for licensing into Japan. JapanBridge intends to complete the clinical development of these programs and later commercialize or co-commercialize these products.
The company also announced the formation of its core management team, led by Steven E. Engen, Chief Executive...
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