Cerulean Pharma Selected as One of America’s Most Promising Companies by Forbes
CAMBRIDGE, Mass. – December 1, 2011 – Cerulean Pharma Inc., a leader in designing and developing tumor-targeted nanopharmaceuticals, today announced that Forbes has named it one of America’s Most Promising Companies in 2011.
“We are thrilled to be recognized by Forbes editors as a top 100 privately held company in the U.S., and we are truly honored that Cerulean is the only biotechnology company represented on the list,” said Oliver Fetzer, Ph.D., chief executive officer of Cerulean. “This has been an exciting year for Cerulean as we are making tremendous progress in our clinical development and research programs, advancing nanopharmaceuticals as a new class of tumor-targeted cancer therapy.”
In July 2011, Cerulean initiated a randomized Phase 2 study of its lead clinical nanopharmaceutical candidate, CRLX101, for the treatment of advanced non-small cell lung cancer. Additionally, the Company has generated compelling non-clinical data in its nucleic acid nanopharmaceutical program which demonstrates targeting of intact siRNA to tumor tissue, entry of the siRNA into cancer cells, and achievement of durable gene silencing in these cancer cells. These data will be presented in RNAi scientific conferences in early 2012 and will highlight the potential of Cerulean’s platform to address the challenges that have stalled the development of RNAi-based therapeutics.
About Forbes’ List of America’s Most Promising Companies Forbes’ list of America’s Most Promising Companies features 100 privately held up-and- comers with compelling business models, strong management teams, notable customers, strategic partners and precious investment capital.
“Sizing up younger, privately held companies is hard, as their fortunes can change very quickly and there’s a dearth of public data,” says Forbes Executive Editor Brett Nelson. “We took a more comprehensive approach to evaluate their health and potential.”
To sharpen its search, Forbes teamed up with CB Insights, a Manhattan-based data firm that tracks investment in high-growth private companies. With $650,000 in grants from the National Science Foundation, CB has developed complex software called Mosaic that mines myriad online sources (from press releases and social networks to job boards and court filings) to come up with one, algorithmically derived score that measures a private company’s health. Forbes married Mosaic’s data-crunching with old-fashioned reporting to assemble a list of rising stars with bright growth prospects. To view the complete the list, please visit www.forbes.com/ampc.
About Cerulean Pharma Inc.
Cerulean Pharma Inc. is a clinical-stage company specializing in the design and development of tumor-targeted nanopharmaceuticals. Cerulean is applying its proprietary nanopharmaceutical platform technologies and specialized capabilities to advance a new class of therapeutic agents for diseases with unmet medical needs. With an initial focus in oncology, the Company’s technology platform can be readily applied to a wide range of drug molecules, ranging from small molecules to peptides and RNAs. Cerulean is privately financed and funded by experienced healthcare investors, including Polaris Venture Partners, Venrock, Lilly Ventures, Lux Capital, and Bessemer Venture Partners. Cerulean is located in Cambridge, Massachusetts. For more information, please visit the Company's website at http://www.ceruleanrx.com.
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