Cutting back in the UK, Takeda spins out its top neuroscience team into a transatlantic biotech

Mark Carlton As Takeda continues a global R&D overhaul that includes a wind down of UK operations, the Japanese pharma company is spinning out its neuroscience team into a new biotech called Cerevance, which will have roots in the two Cambridges on both sides of the Atlantic. Mark Carlton, the former president and CSO of Takeda Cambridge (UK), and his 25-member team — complete with a well equipped lab — have become the core group behind Cerevance. The new biotech is getting started with $36 million in funding, including $21.5 million from Takeda and Lightstone Ventures. And it will jump into existence with a portfolio of preclinical and clinical programs underway. Nathaniel Heintz, Ph.D. at the Rockefeller University, a Howard Hughes Medical Institute investigator, is providing some of the technical…


Link to Full Article: Cutting back in the UK, Takeda spins out its top neuroscience team into a transatlantic biotech

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