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Boston Biomedica spins out Panacos, gets $3mm in funding

Executive Summary

Boston Biomedica has spun out its drug discovery and therapeutics arm, Panacos Pharmaceuticals. Investors AM Pappas & Associates and Ampersand Ventures paid $3mm in cash for 2.7mm shares of Panacos' Series B preferred stock, which represents 54.7% of the company.
Deal Industry
  • Biotechnology
    • Drug Discovery Tools
      • Molecular Diversity
        • Natural Products
  • Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • Spin-Off
    • Private Placement

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