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July 08, 2015 1:46 AM ET

Healthcare Equipment and Supplies

Company Overview of Microchips Biotech, Inc.

Company Overview

Microchips Biotech, Inc. develops a microchip-based implant for drug delivery applications. It engages in developing applications for the microchip-based implant in various therapeutic indications, including osteoporosis, diabetes, multiple sclerosis, women’s contraception, and pain management, as well as provides an alternative to established therapies that require long-term dosing and delivery via injections. The company’s microchip-based implant also engages in storing and releasing precise doses of drugs at scheduled intervals. Microchips Biotech, Inc. was incorporated in 1999 and is headquartered in Lexington, Massachusetts.

128 Spring Street

Suite 310

Lexington, MA 02421

United States

Founded in 1999

Phone:

781-778-7320

Fax:

781-290-0880

Key Executives for Microchips Biotech, Inc.

Chief Executive Officer and Director
Age: 51
President and Chief Operating Officer
Executive Chairman
Co-Founder and Director
Age: 59
Co-Founder
Compensation as of Fiscal Year 2015.

Microchips Biotech, Inc. Key Developments

Teva Pharmaceutical Industries Ltd., and Microchips Biotech, Inc. Announce Partnership

Teva Pharmaceutical Industries Ltd., and Microchips Biotech, Inc. announced that they have entered into a partnership under which the companies will explore innovative ways to apply Microchips Biotech’s implantable drug delivery device to Teva’s portfolio of products with the goal of enhancing clinical outcomes for patients on chronic drug therapies. Microchips Biotech’s electronic device is made up of microchip arrays that can store hundreds of therapeutic doses of drug for periods ranging from months to years and releases each dose at precise times. The device can be programmed to release drug on a pre-determined schedule and will have wireless control features. Under the terms of the agreement Teva will make a $35 million upfront payment to Microchips Biotech in the form of an equity investment and technology access fee. The partnership has an initial focus on one selected disease area, but will provide Teva with the option to later expand the program into several additional therapeutic areas and sensing applications that are proprietary to Teva. As programs advance, Microchips Biotech will receive development and commercial milestone payments and royalties on future product sales. Microchips Biotech will also receive funding to develop products for any future additional indications Teva may develop, and Teva will be responsible for Phase II and Phase III clinical development and regulatory filings.

MicroCHIPS, Inc. Presents at Boston Biotech Conferences LLC's The East Meets West CEO conference, Jan-11-2015 02:10 PM

MicroCHIPS, Inc. Presents at Boston Biotech Conferences LLC's The East Meets West CEO conference, Jan-11-2015 02:10 PM. Venue: Four Seasons Hotel, 757 Market St, San Francisco, CA 94103, United States. Speakers: Cheryl R. Blanchard, Chief Executive Officer and Director.

Microchips Biotech Presents at Boston Biotech Conferences LLC's The East Meets West CEO conference, Jan-11-2015 02:10 PM

Microchips Biotech Presents at Boston Biotech Conferences LLC's The East Meets West CEO conference, Jan-11-2015 02:10 PM. Venue: Four Seasons Hotel, 757 Market St, San Francisco, CA 94103, United States. Speakers: Cheryl Blanchard.

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