"In addition to offering hope to patients, the partnership with Shasun reflects MU's commitment to supporting high-tech companies that will create jobs and enhance our quality of life in Missouri and beyond," said Robert Duncan, PhD, vice chancellor for research at MU.
MU business development specialists helped Katti and Kannan form a company, Nanoparticle Biochem Inc. (NBI), to pursue commercialization opportunities for the scientists' nanotechnology discoveries. Shasun joined NBI to form the new company, Shasun NBI, which is housed in MU's Life Science Business Incubator. MU, NBI and Shasun could someday share royalties from the prostate cancer treatment.
"Shasun is a perfect partner to hopefully bring MU's promising new cancer therapy to a world market," said Michael Nichols, PhD, vice president of research and economic development for the University of Missouri System. "Universities like MU need strong commercial collaborators, especially in medicine, because it typically takes hundreds of millions of dollars and more than a decade to take a potential treatment for patients from the laboratory to the clinic."
Prostate cancer is the second most deadly cancer in men. The American Cancer Society estimates that 217,730 people in the United States are diagnosed with prostate cancer each year, and 32,050 U.S. residents die annually from the disease. One in six U.S. men will be diagnosed with prostate cancer in his lifetime.
In 2005, Katti received a prostate cancer research grant that distinguished MU as one of 12 universities to participate in the National Cancer Institute's Nanotechnology Platform Partnership. The grant established MU as a leader in advancing nanomedicine by uniting a variety of biomedical research resources across campus. For example, the MU R
|Contact: Laura Gerding|
University of Missouri School of Medicine