Boston Biotechs Seek Scarce Funds Amid Market Famine at Annual Pitch Event

material in umbilical cords after birth—side-stepping the controversy over drawing stem cells from embryos, according to the company.

BioVex — Woburn, MA

BioVex is developing genetically modified viruses to treat cancer and infectious diseases. This spring Luke wrote about the positive results BioVex reported in a mid-stage clinical trial in which its lead drug—a genetically modified herpes simplex virus—partially shrank melanomas in more than a quarter of patients studied. The company hopes to close a major financing next year to fund further development of its treatments.

Dicerna Pharmaceuticals — Watertown, MA

Dicerna has garnered attention in the white hot RNAi field with its next-generation RNAi treatments. The venture-backed company, which says its offers alternative gene-silencing drugs to Alnylam’s and others, is developing drugs that block so-called Dicer enzyme and could be longer-lasting than competing RNAi drugs.

Dyax Pharmaceuticals — Cambridge, MA

Dyax (NASDAQ:[[ticker:DYAX]])—a 13-year-old biotech company known for its oft-licensed phage display technology for drug discovery—has its sights set gaining FDA approval of its lead drug, DX-88, for patients with the rare and life-threatening condition hereditary angioedema. Luke caught up with the company this summer after it announced positive results from a late-stage study of DX-88, and I wrote a quick post recently about its financing deal to raise up to $50 million.

EnVivo Pharmaceuticals — Watertown, MA

EnVivo is advancing treatments for nervous-system disorders such as Alzheimer’s disease, Huntinton’s disease, and schizophrenia. In October, news broke that venture firm Fidelity Biosciences, based in Cambridge, invested $65 million in EnVivo in a Series D venture financing, buying out EnVivo’s other investors.

EyeGate Pharma — Waltham, MA

EyeGate offers potential relief for those of us who have had needles stuck in our eyes to treat such conditions as dry eye and uveitis. The venture-based company is developing a proprietary delivery technology to administer drugs to the front- and back-surface tissues of the eye—no needle required. We profiled the firm and its non-invasive approach to delivering eye treatments earlier this year.

Idera Pharmaceuticals — Cambridge, MA

Idera is a leading developer of DNA- and RNA-based drugs that target immune-system receptors called Toll-like receptors (TLRs) as a means of treating such ailments as

Author: Ryan McBride

Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News. Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.