Amgen Awards Two Local Biotech Start-Ups With Golden Ticket To LabCentral
CAMBRIDGE, Mass., Dec. 17, 2020 /PRNewswire/ -- Amgen (NASDAQ: AMGN) and LabCentral today announced that Octagon Therapeutics and Seranova Bio have each won an Amgen Golden Ticket to LabCentral, Cambridge's premier launchpad for high-potential life sciences and biotech start-ups. The two Golden Ticket winners were chosen by an internal team of Amgen scientific leaders and live audience members at a virtual pitch event on Dec. 9, 2020. Five finalists pitched their business plans to attendees where the audience members' votes served as input for the Amgen internal committee's decision.
Amgen has served as a platinum sponsor of LabCentral since 2014, awarding Golden Tickets to 12 innovative start-ups to date. Each year, Amgen nominates two early-stage companies to take up residence in LabCentral's Kendall Square facilities, which includes one year of free bench space for one scientist and access to the shared ammenties and resources offered by LabCentral. As recipients of the Amgen Golden Ticket, Octagon Therapeutics and Seranova Bio will also partner with Amgen scientists for ongoing mentoring throughout the year.
"Our strategic partnership with LabCentral allows Amgen to identify and empower some of the most promising start-up companies and advance ground-breaking science underway here in Cambridge," said Rohini Deshpande, Ph.D., vice president of Drug Substance Technologies and site head at Amgen Massachusetts. "We are excited about innovative technology presented by Octagon Therapeutics and Seranova Bio and look forward to engaging with both as they continue working to better serve patients."
"This is a tremendous opportunity for Octagon," said Isaac Stoner, president and chief executive officer of Octagon Therapeutics. "The resources and community available at LabCentral provide a huge advantage to fast-growing life science companies. We are also excited to collaborate with Amgen scientists as we advance our important class of medicines towards the clinic and expand the platform into new disease areas."
About Octagon Therapeutics
"Receiving the Amgen Golden Ticket will open doors for our company," said Aaron Ring, M.D. Ph.D., co-founder of Seranova Bio. "We are thrilled to receive the scientific, operational, and business development support from Amgen. We know this opportunity will help us advance our work to develop novel therapeutics using our unique target discovery platform.
About Seranova Bio
Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.
CONTACT: Amgen, Thousand Oaks
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Company Codes: NASDAQ-NMS:AMGN