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Biotech Centers Spring Up and Start UpBiotech Centers Spring Up and Start Up
With spring approaching, perhaps it is fitting that the latest bumper crop seems to be biotech incubation centers. This week alone, two such facilities have seen high activity.The North Carolina Biotechnology Center will invest $2.5 million in a new organization intended to advance development of the state’s medical device and technology industry. The grant covers four years.The facility, called the Advanced Medical Technology Center of Innovation, is not intended as a traditional building.
March 17, 2009
1 Min Read
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Rather, says a press release, it will be built around innovative people at North Carolina hospitals and research institutions. It will increase access to mentors, licensors, and service providers.In addition, Translational Accelerator LLC or TRAC, has invested $1.5 million in SalutarisMD, a Tucson-based medical device company. TRAC is a $20 million venture fund launched last year by executives from the Translational Genomics Research Institute.
Michael Voevodsky, chief executive officer of SalutarisMD, said the money should be enough to allow the company to develop its main product enough to capture the interest of additional investors. SalutarisMD is working on an opthalmologic device, but no further details are available.
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