Navigation Links
U of Minnesota finalizes license agreement to form start-up company based on Doris Taylor research
Date:2/16/2010

A major step in commercializing the groundbreaking research of Dr. Doris Taylor was achieved recently when the University of Minnesota signed an exclusive, global license agreement with Miromatrix Medical Inc. Dr. Taylor's research garnered worldwide attention in 2008 when her team announced that it had created a beating animal heart in her laboratory.

The technology licensed to Miromatrix holds the promise of one day enabling the replacement of entire human organs with non-transplantable organs, harvested from either animals or donors, which are stripped of their cells and recellularized with cells from the recipient or compatible donor cells.

"This is a major step forward for our technology commercialization efforts," said Tim Mulcahy, the University's vice president for research. "We took a methodical approach to this start-up and licensing agreement due to the tremendous potential of Dr. Taylor's research which, we believe, holds the potential to launch an entirely new industry on the scale of the medical device industry."

The agreement, negotiated by the university's Office for Technology Commercialization, includes equity for the university as well as future royalty and sublicensing fees.

"Miromatrix intends to commercialize a series of products based upon Dr. Taylor's platform as efficiently as possible, utilizing our own internal development as well as external collaborations," said CEO Robert Cohen. "Dr. Taylor's close involvement with the company will be tremendously beneficial as we ramp up this development effort."

Cohen joined Miromatrix as CEO in mid-November 2009. He was vice president of business and technology development at St. Jude Medical, and a former CEO of Travanti Pharma Inc. and Advanced Circulatory Systems, Inc., after holding top positions with the Pfizer Hospital Products Group and Sulzer Medica. Once Cohen joined the company, he and the University worked quickly to iron out the business and legal terms in the license agreement.

According to Cohen, Miromatrix expects to complete its initial round of financing in the next few months.


'/>"/>

Contact: Patty Mattern
mattern@umn.edu
612-624-2801
University of Minnesota
Source:Eurekalert

Related biology news :

1. University of Minnesota research leads to new technology to protect human health
2. Environmental cues control reproductive timing and longevity, University of Minnesota study shows
3. U of Minnesota-led study finds that hunters are depleting lion and cougar populations
4. Minnesota Counties Secure New Criminal Charging System With BIO-key(R) Fingerprint Biometrics
5. U of Minnesota research reveals critical role of evolutionary processes in species coexistence
6. U of Minnesota study finds high school teachers influence student views of evolution & creationism
7. Concerns about food safety to be spotlighted at U of Minnesota symposium
8. U of Minnesota research finds most road salt is making it into the states lakes and rivers
9. Small male chimps use politics, rather than aggression, to lead the pack, U of Minnesota study says
10. Hobbit fossils represent a new species, concludes University of Minnesota anthropologist
11. U of Minnesota researcher finds link between aggression, status and sex
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/9/2016)... -- Perkotek an innovation leader in attendance control systems is proud to announce the introduction ... to make sure the right employees are actually signing in, and to even control ... ... ... ...
(Date:6/2/2016)... June 2, 2016 The Department of ... awarded the 44 million US Dollar project, for the ... Plates including Personalization, Enrolment, and IT Infrastructure , ... the production and implementation of Identity Management Solutions. Numerous renowned ... Decatur was selected for the most ...
(Date:5/24/2016)... Calif. , May 24, 2016 Ampronix facilitates superior patient care by ... LMD3251MT  3D medical LCD display is the latest premium product recently added to the ... ... ... Sony 3d Imaging- LCD Medical Display- Ampronix News ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... ... June 23, 2016 , ... ... launch of the Supplyframe Design Lab . Located in Pasadena, Calif., the ... future of how hardware projects are designed, built and brought to market. , ...
(Date:6/23/2016)... , June 23, 2016 Apellis Pharmaceuticals, ... 1 clinical trials of its complement C3 inhibitor, ... and multiple ascending dose studies designed to assess ... of subcutaneous injection in healthy adult volunteers. ... either as a single dose (ranging from 45 ...
(Date:6/23/2016)... On Wednesday, June 22, 2016, the NASDAQ Composite ... Jones Industrial Average edged 0.27% lower to finish at 17,780.83; ... has initiated coverage on the following equities: Infinity Pharmaceuticals Inc. ... NKTR ), Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ ), ... more about these stocks by accessing their free trade alerts ...
(Date:6/23/2016)... ... June 23, 2016 , ... Velocity Products, ... tools designed, tuned and optimized exclusively for Okuma CNC machining centers at The ... of a collaboration among several companies with expertise in toolholding, cutting tools, machining ...
Breaking Biology Technology: