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OncoMed Pharmaceuticals Inc.

This article was originally published in Start Up

Executive Summary

OncoMed Pharmaceuticals' mission is to translate its founders' cancerous stem cell insights into novel medicines capable of eliminating the cancer stem cell and halting the spread of solid tumors. The company has identified about 50 proteins characteristic of cancer stem cells and has established a large library of antibodies capable of binding to them. It is also identifying small-molecule compounds that can halt these cancer stem cells.

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Start-Up Quarterly Statistics, Q4 2008

Highlights from the Q4 2008 review of start-up dealmaking: Fundraising in the biopharma, med-device, and in vitro diagnostics industries totaled $551 million, a 41% decrease from 3Q and just another indication of the tough economic times. Of the three acquisitions done this quarter--two in biopharma and one in devices--only one had a disclosed value. About one-third of the 19 biopharma alliances were in the cancer therapy area.

Start-Up Quarterly Statistics, Q4 2008

Highlights from the Q4 2008 review of start-up dealmaking: Fundraising in the biopharma, med-device, and in vitro diagnostics industries totaled $551 million, a 41% decrease from 3Q and just another indication of the tough economic times. Of the three acquisitions done this quarter--two in biopharma and one in devices--only one had a disclosed value. About one-third of the 19 biopharma alliances were in the cancer therapy area.

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