Top scientists and BD execs craft Cullinan, a $150 million R&D portfolio shop focused on cancer
Close to six years ago, then Amgen R&D chief Roger Perlmutter told me he had been “carrying a torch for (CSO) Patrick Baeuerle at Micromet for a long time.” That admiration explains why Perlmutter was willing to pay more than a billion dollars to buy Micromet — where Baeuerle was R&D chief — which eventually delivered the pioneering Blincyto to the market.
After a stint at Amgen, biotech being the kind of project-focused industry it’s become, Baeuerle became a VC at MPM and a startup maestro. And today he’s having a coming out party for Cullinan Oncology, an intensely project-oriented biotech bankrolled with $150 million to set up a portfolio of cancer drugs to develop.
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