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Luna Innovations acquires Tego Biosciences
February 2010
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ROANOKE, Va.Luna Innovations Inc. recently acquired certain intellectual property assets of Tego Biosciences Inc., a wholly owned subsidiary of Arrowhead Research Corp., and Luna's main competitor in developing medicines based on carbon nanomaterials. The acquisition integrates the patent assets of the two leading companies and provides Luna a dominant intellectual property portfolio in carbon nanomaterial-based pharmaceuticals. Together, the companies will have a combined patent portfolio of 61 patents and pending applications covering classes of fullerene derivatives, methods for synthesizing these compounds and treatments for specific diseases. Financial details on the acquisition were not disclosed.

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