Part of Sumitomo Chemical Co., Ltd., Boston Biomedical, Inc. is an American company located in Norwood, MA. The firm develops anticancer drugs. It was founded by Chiang J. Li. On April 25, 2012 Sumitomo Pharma Co., Ltd. acquired Boston Biomedical, Inc. for $2,630 million.\nThe company says this about itself: Boston Biomedical, Inc. is a developer of novel cancer therapeutics with the goal of significantly improving patient outcomes. The company's most advanced research programs are focused on investigational agents that inhibit multiple oncogenic pathways, including cancer stemness pathways, and modifying immune responses. Headquartered in Cambridge, Massachusetts, Boston Biomedical, Inc. is an indirect, wholly-owned subsidiary of Sumitomo Dainippon Pharma Co., Ltd., a pharmaceutical company based in Japan. Boston Biomedical works closely with its parent company, Sumitomo Dainippon Pharma, and Tolero Pharmaceuticals, also a wholly owned subsidiary, to advance a pipeline of innovative oncology treatments. The organizations apply their expertise and collaborate to achieve a common objective expediting the discovery, development and commercialization of novel treatment options.