J&J’s Boston “Deal-Making Machine” Backs Two Start-Ups

The third of Johnson & Johnson’s four Innovation Centers, designed to give the behemoth company access and proximity to early-stage scientific innovation, opened June 27 in Boston. Concurrently, the company backed two VC-funded young start-ups , as well as a hospital alliance and a laboratory initiative.

The newly-opened Boston office ofJohnson & Johnson’s reorganized investment and business development operation has funded a pair of start-ups in tandem with local venture firms.

Epigenetics company Rodin Therapeutics and microbiome specialist Vedanta Biosciences Inc. received support from J&J’s Boston Innovation Center, one of four hubs that J&J in late 2012 said it would...

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