Amgen (AMGN) Closes Deal With Financial Firm to Open New Biotech Company Atara Biotherapeutics
10/26/2012 10:10:56 AM
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Amgen and Kleiner Perkins Caufield & Byers (KPCB) have founded a new drug development firm, Atara Biotherapeutics, focused on chronic diseases in therapeutic areas including nephrology and oncology. Atara will start out with licenses to six of Amgen’s preclinical and early-clinical programs.
The new firm will initially be financed by KPCB, and headed by former KPCB partner, Isaac Ciechanover, M.D. Amgen will retain a minority equity interest in Atara.