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J&J announces deals with six Boston biotech firms

20/06/2014 by

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Johnson & Johnson Innovation LLC is announcing alliances with six Boston-area companies in life sciences around research and development. Four of the Boston companies have received equity investments from J&J.

The local effort is being led for J&J out of its Boston Innovation Center in Cambridge.

J&J is aiming to show it has a “strong commitment to being flexible and creative in our deal making in order to maximize the potential of each individual technology,” said Paul Stoffels, chief scientific officer of Johnson & Johnson, in a news release.

Among the alliances is one with a new Cambridge biotech startup, Navitor Pharmaceuticals, which launched today with $23.5 million in funding from investors including J&J.

This article has been extracted from http://betaboston.com, please click on this link to read the article in full http://betaboston.com/news/2014/06/19/jj-announces-deals-with-six-boston-biotech-firms/

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