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STX-100

Latest Headlines

Latest Headlines

Biogen Idec scores lung disease drug in $562.5M buyout of Stromedix

Biogen Idec ( $BIIB ) has scooped up a biotech very close to home. The Weston, MA-based biotech power has bought nearby Stromedix , whose lead fibrosis drug STX-100 was licensed from Biogen. The deal

Stromedix's STX-100 falls behind schedule

When Cambridge, MA-based Stromedix raised $25 million in 2008, CEO Michael Gilman said he hoped to have the company's lead drug, STX-100, well into Phase II trials by mid-2010. The drug, which was