GreatPoint, Enanta, NextView, & More Boston Dealmakers

2/22/12Follow @xconomy

VC, cleantech, and biotech players populated the New England deal news this week.

—Cambridge, MA-based coal-to-natural-gas company GreatPoint Energy formed a $1.25 billion partnership with China Wanxiang Holdings, according to a report in Dow Jones VentureWire. The deal also included $420 million in a Series D investment.

—On-Q-ity, the Waltham, MA-based cancer diagnostics startup announced a new $5 million fundraise alongside the hiring of its new CEO and president Michael Stocum. The Series B funding was led by existing investors Mohr Davidow Ventures, Atlas Venture, and Physic Ventures, and will go toward research and partnership efforts.

—Cambridge, MA-based Hydra Biosciences, formed a collaboration with Zalicus to develop multiple novel drug candidates for the treatment of pain. The deal gives Hydra an upfront payment and funding for development for two years.

—Enanta Pharmaceuticals of Watertown, MA, nabbed $34 million upfront payment from Novartis as part of a deal to co-develop an experimental hepatitis C drug called EDP-239. Enanta is also eligible for another $440 million in milestone payments if the drug hits certain goals, as well as royalties on a double-digit percentage of worldwide product sales.

—Boston-based micro-VC firm NextView Ventures has closed on its first fund with $21 million in capital commitments, as first reported by Dan Primack of Fortune. The firm, founded by David Beisel, Rob Go, and Lee Hower, already has 16 portfolio companies and plans to add another 15 to 20, according to the report.

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