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Molecular Targeting Technology Inc.

Molecular Targeting Technology is developing radiopharmaceuticals for nuclear medicine and targeting agents for drug delivery. The company's lead product, {Amiscan} uses a small-molecule radiotracer to diagnose heart attack.

A scientist who had worked in product development at Centocor Inc. for eight years saw two of his projects shelved in 1993 when the much-publicized failure of Centoxin caused the biotech company to reprioritize its development portfolio. Chris Pak, PhD, decided to license the technologies from Centocor [See Deal] in exchange for royalties, and found start-up Molecular Targeting Technology Inc. (MTTI) around them. The company's near-term focus: to develop agents for nuclear medicine for the diagnosis of myocardial infarction and breast cancer.

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