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August 29, 2015 8:31 PM ET

Biotechnology

Company Overview of PharmAkea Therapeutics, Inc.

Company Overview

PharmAkea Therapeutics, Inc. focuses on the development of biopharmaceutical products. The company develops small molecule therapeutics for treating cancer and fibrotic diseases. PharmAkea Therapeutics, Inc. was founded in 2012 and is based in San Diego, California.

12780 El Camino Real

San Diego, CA 92130

United States

Founded in 2012

Key Executives for PharmAkea Therapeutics, Inc.

Chief Executive Officer and Director
Age: 49
President and Co-Founder
Founder and Chief Scientific Officer
Chief Operating Officer and Founder
Executive Director of Finance
Compensation as of Fiscal Year 2015.

PharmAkea Therapeutics, Inc. Key Developments

PharmAkea Announces Strategic Collaboration with Celgene

PharmAkea has announced a strategic collaboration with Celgene that will utilise its proprietary drug discovery platform to discover and develop small-molecule treatments for cancer and fibrotic diseases. Based on the agreement, Celgene is to pay PharmAkea USD 35 million towards the three-year collaboration, with an option to extend the term of the agreement with additional funding. PharmAkea was founded in 2012 by three former Amira Pharmaceuticals (US) drug researchers with the help of seed funding from Celgene. The collaboration will serve to propel the oncology and fibrosis programmes forward and may set the stage for a potential merger of the two companies in the future.

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