Atlas, CMEA Test New Biotech Model

01 Apr 2011

• By Alex Lash

Two high-profile VCs, CMEA Capital and Atlas Venture, are trying their hands at asset financing, an investment strategy that prioritizes single drug programs over companies and is becoming, at least theoretically, possible to do in a more systematic way. That's because big drug companies have cut internal R&D staff, often in drastic measure, and they want someone to share the development risk of drugs now sitting idle on their shelves.

Is it time for biotech venture backers to invest in drugs instead of companies? Two US firms are asking the question in different ways.

On opposite sides of the country, two high-profile VCs, CMEA Capital and Atlas Venture, are trying their hands at asset...

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