Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Billionaire Carl Berg Leads Ambitious Alliance to Cure Pancreatic Cancer

To be blunt, finding a cure for pancreatic cancer would be difficult to come up with and the expense too high to justify the effort to shareholders.

berg pharma

Berg Pharma, a small Boston-based biotech firm founded by billionaire Carl Berg, is collaborating with a prestigious lineup of hospitals and research teams to come up with the first ever biomarker for pancreatic cancer, one of the deadliest forms of cancer, Fortune reported, citing knowledgeable sources.

On Tuesday, this alliance, which includes Beth Israel Deaconess Medical Center, Harvard Medical School, and the Pancreatic Cancer Research Team, will officially announce its project.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

According to Fortune, the new partnership will fill a huge gap in the research done by Big Pharma corporations, which prefer to concentrate on rare diseases, where the profit is very high, or on chronic diseases, where there are ongoing returns.

To be blunt, finding a cure for pancreatic cancer would be difficult to come up with and the expense too high to justify the effort to shareholders. So someone other than the for-profits must do it.

Silicon Valley real estate billionaire Carl Berg told Xconomy his biotech startup Berg Pharma is set up to “revolutionize” healthcare.

Berg Pharma president and chief technology officer Niven Narain told the same publication that Berg can cut the time and expense of drug development “in half.”

This is no flimsy biotech startup, apparently. Berg’s Framingham, MA outfit has almost 200 employees working in three divisions, which include an in-house diagnostics unit. They have a drug discovery platform, and programs in cancer, diabetes, and Parkinson’s disease.

“We see ourselves as fertilizing the Big Pharma community with great, validated clinical assets that can be marketed that are much more safe and effective, ” Narain said.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.