Can Viagra help revive this biotech company?
Drawing on more than $100 million to push its marquee drug into human clinical trials, Cleave Biosciences Inc. promised to open a new front in the war on cancer.
Instead, following a clinical trial failure, Cleave’s CEO and all but a caretaker crew have departed, leaving the Burlingame company with two experimental drugs and little more than hope for a revival or a fire sale.
Cleave’s story is common in biotech, where nearly nine of 10 drugs that ente r human testing fail to make it to market.…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Ron Leuty Source Type: news
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