BIND Therapeutics's Bankruptcy Filing Worries Developers Of Nanoparticle Cancer Drugs
Not long ago, investors flocked to a firm in Massachusetts that was hailed as the leader in a wave of next-generation nanotechnology companies developing ways to ferry cancer drugs to tumours. But on 2 May, the company — BIND Therapeutics — declared bankruptcy.
Researchers in the field of nanomedicine are waiting anxiously to see whether the Cambridge-based firm will pull through its financial crisis — and whether its troubles will taint the swiftly evolving field of nanoparticle drug delivery. “It’s been a rapid rise and fall,” says Eric Schmidt, a biotechnology analyst at the investment bank Cowen and Company in New York City. “It’s all unravelled pretty quickly.”
Researchers in the field of nanomedicine are waiting anxiously to see whether the Cambridge-based firm will pull through its financial crisis — and whether its troubles will taint the swiftly evolving field of nanoparticle drug delivery. “It’s been a rapid rise and fall,” says Eric Schmidt, a biotechnology analyst at the investment bank Cowen and Company in New York City. “It’s all unravelled pretty quickly.”