Print
Email
Print Edition Stories
MHT's Julie Donnelly: Pharmaceuticals find drug development partners in colleges
Funding drugs for rare diseases
MHT's Julie Donnelly: Life science startups finding investments
The Massachusetts Life Sciences Center’s has awarded $500,000 matching grants each to three companies – Boston Biochem Inc., Thermedical Inc. and Tetragenetics Inc. – that have already received national research grants. This marks the first time the center, which is charged with spending $1 billion over ten years as part of Governor Deval Patrick’s Life Sciences Initiative, has given out grants to companies; In the past, all awards have been loans or tax breaks.
Cambridge-based Boston Biochem provides reagents to life sciences companies to aid in clinical research. According to the Mass. Life Sciences Center, the grant would “allow the company to maintain and expand R&D and manufacturing in Massachusetts.” The company has received $950,000 in grants from the National Institutes of Health.
Somerville-based Thermedical is a medical device company that is currently working on developing a Saline Enhanced Radio Frequency (SERF) ablation system for the treatment of cancers, including liver cancer. Thermedical has received almost $10 million in grants from the NIH. Mass. Life Sciences Center officials said the grant will be used primarily for hiring additional staff.
Cambridge-based Tetragenetics provides biotech companies with genetically engineered proteins for use in research. Tetragenetics has won more than $2 million in grants from the NIH, the Department of Defense and the Department of Energy. The life sciences center said the grant will be used primarily to build a new R&D laboratory in Massachusetts.
The three companies have agreed to create a total of 34 new jobs. Tetragenetics also plans to move six staff members to Massachusetts from New York.
The MLSC Small Business Matching Grants program drew entries from 34 early-stage life sciences companies.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
