BNET Industries
Market Cap:$186.5M
Last Fiscal Year Sales:$2.6M
- Public
- US
Dow Jones Description
We are a biopharmaceutical company focused on discovering, developing, and commercializing small molecule drugs to extend and enhance the lives of patients with severe medical conditions, including cancer and chronic inflammatory diseases. We have three clinical-stage drug candidates and several drug candidates in the preclinical and discovery stages, each of which has a distinct chemical structure, mechanism of action, and market opportunity. Each of our drug candidates was discovered and developed internally using our proprietary, unique chemical compound library and integrated discovery engine. In October 2007, as amended in June 2008, we entered into a global collaborative development, commercialization and license agreement, or the GSK Agreement, with GlaxoSmithKline, or GSK, for the joint development and commercialization of elesclomol, one of our oncology drug candidates. In December 2008, we entered into a collaborative license agreement, or the Roche Agreement, with Hoffmann-La Roche, or Roche, for our CRACM inhibitor program, which is currently in the lead optimization stage. We retain all rights to our other drug candidates and programs. We believe that our demonstrated ability to generate new drug candidates from our discovery platform, our ability to effectively enroll and conduct clinical trials, and our ability to enter into partnerships with leading multinational pharmaceutical companies are important competitive advantages. ...
Number of Employees 129
Contact Information
45 Hartwell Ave
Lexington, Massachusetts 02421-3102
(781) 274-8200
Peer Companies
NAICS Code Pharmaceutical Preparation Manufacturing: 325412
Recent Events
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Synta Pharma SNTA Releases Data Relating to Elesclomol Against AML Cell Lines
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Roth Capital Upgrades Synta Pharmaceuticals SNTA to Buy
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Synta Pharmaceuticals posts net income in Q3
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Synta Pharmaceuticals Reports Second Quarter 2009 Financial Results
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Synta Pharmaceuticals SNTA Names Dr. Vojo Vukovic as Chief Medical Officer
News & Analysis
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Synta Pharmaceuticals Added to NASDAQ Biotechnology Index
LEXINGTON, Mass. -- Synta Pharmaceuticals Corp. (NASDAQ: SNTA), today announced that the Company has been selected for inclusion in the NASDAQ Biotechnology Index NBI, effective as of the market's open on Monday, May 19, 2008. "We are pleased to be included in the NASDAQ Biotechnology Index," commented Safi Bahcall,...
Synta Pharmaceuticals to Present at the Merrill Lynch Global Pharmaceutical, Biotechnology and Medical Device Conference
Company to Webcast Presentation on February 7 LEXINGTON, Mass. -- Synta Pharmaceuticals Corp. (NASDAQ: SNTA), a biopharmaceutical company focused on discovering, developing, and commercializing small molecule drugs to treat severe medical conditions, today announced that the Company will be presenting at the Merrill Lynch Global Pharmaceutical, Biotechnology and Medical...
MASS Opportunities: A Biotechnology Investment Conference Presenter Profiles
BOSTON -- MASS Opportunities: A Biotechnology Investment Conference takes place Nov. 3 at the Logan Airport Hilton in Boston. For in-depth information about the event visit http://www.massbio.org/events/mass_opps/. Below are profiles from MASS Opportunities: A Biotechnology Investment Conference presenters; breaking news releases are available at http://www.tradeshownews.com, Business Wire's trade show,...
Nixon Peabody Represents Synta Pharmaceuticals in $80 Million Round of Financing
LEXINGTON, Mass. -- Synta Pharmaceuticals Corp., an emerging pharmaceutical company, announced the closing of a fourth private financing round in the amount of $80 million. Participants in this financing included most existing investors (Caxton Group, Galleon Group, AIG SunAmerica, and Aperture Partners, among others) as well as a significant group...
Lexington, Mass.-Based Pharmaceuticals Company to Receive $75.3 Million.
By Naomi Aoki, The Boston Globe Knight Ridder/Tribune Business News Mar. 28--Synta Pharmaceuticals Corp. is set to announce today that it has raised $75.3 million from a group of Wall Street financiers in the largest funding round for a privately held biotechnology firm...
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