Navigation Links
Arteriocyte Named Top Biotech Start Up Venture by the Ohio Venture Association for 2010
Date:6/28/2010

CLEVELAND, June 28 /PRNewswire/ -- Arteriocyte, Inc., was honored Friday by the Ohio Venture Association as a Venture of Year Award Finalist. Founded in 2004 to develop proprietary stem cell and tissue engineering based therapies, Arteriocyte focuses on developing commercially available stem cell based therapies using multiple sources of adult derived stem cells (marrow, peripheral cord blood, and cartilage) for delivery to injured tissues in order to speed repair and improve function. In six short years, the company has grown from one employee to more than 67 employees located throughout the world and has rapidly transitioned from a basic research project into a fully integrated R&D and commercial product company with revenue growth of 45% in 2009, producing and distributing a broad portfolio of research based stem cell culturing systems and FDA approved point-of-care medical devices designed to improve surgical outcomes.

(Logo:  http://photos.prnewswire.com/prnh/20100624/ALOGO )

(Logo:  http://www.newscom.com/cgi-bin/prnh/20100624/ALOGO )

Already in 2010, Arteriocyte has been awarded more than $8 Million in competitive grants and federal research contracts to fuel clinical implementation and further commercialization of its unique technologies. The company has capitalized on its top-ranked 2009 Ohio Third Frontier Research Commercialization Program award to initiate four separate clinical trials to evaluate rapid, bedside stem cell therapies in cardiovascular disease, peripheral vascular disease, and prevention of surgical site infection. Additionally, this year the company will begin clinical evaluation of its Magellan Platelet separation technology for Amputation Prevention in the setting of Compartment Syndrome, the first of three clinical research programs funded by the Department of Defense in partnership with the Army Institute of Surgical Research that focus on developing cellular therapies for Battlefield Wounded Soldiers. Arteriocyte has also completed  the transfer of its proprietary NANEX™ stem cell expansion technology (licensed from Johns Hopkins University) and begun production at its Cleveland facility.

"We're pleased to be recognized by our peers in the start-up and venture community," said Arteriocyte CEO Don Brown. "But really, the recognition should go to the State of Ohio for creating an environment that fosters rapid biotech businesses growth. Ohio has helped our company benefit from a rich hiring pool of incredibly talented people, yielded multiple collaborative university research partnerships, and fueled our growth with one of the most business friendly state investment programs anywhere: Ohio's Third Frontier Program."

The Ohio Venture Association is a Northeast Ohio based organization that provides a forum to bring together entrepreneurs, new business ventures and venture capital. Other honorees for 2010 include PartSource and Findaway World.

About Arteriocyte

Arteriocyte, a clinical stage Biotechnology Company with facilities in Maryland, Massachusetts, Ohio, Texas and Utah, develops proprietary stem cell therapies for human clinical applications. In 2007, Arteriocyte partnered with DW Healthcare Partners (a leading healthcare private equity partnership) to acquire the Magellan autologous platelet separation device technology from Medtronic. Today Arteriocyte's Medical Systems unit distributes the Magellan system worldwide.


'/>"/>
SOURCE Arteriocyte, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. DuPont Named to Biofuels Digest 2010 “Transformative Technologies 303
2. Sandia researchers Phillips, Moody named MRS Fellows
3. ChemoCentryx President and CEO, Thomas J. Schall, Ph.D., Named Ernst & Young Entrepreneur Of The Year 2010 Award Finalist in Northern California
4. Profil Institutes Dr. Marcus Hompesch Named Finalist in Ernst & Young Entrepreneur Of The Year(R) 2010 Award for Second Year in a Row
5. Frommer Lawrence & Haugs Thomas J. Kowalski Named to the International Whos Who of Patent Attorneys
6. Best of Show Award Winners Named at Bio-IT World Conference & Expo
7. Frchet Named Vice President for Research at Kaust
8. US Oncology Named to FORTUNE Magazines Worlds Most Admired Companies List for Fifth Time
9. Medtronic Named Among Worlds Most Innovative Companies by MIT Technology Review
10. Fate Therapeutics Named One of the 50 Most Innovative Companies in the World by MITs Technology Review
11. Riemer Named President of Medical Device Manufacturer MRPC
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/7/2016)... 7, 2016 /PRNewswire/ - Zenith Capital Corp. ("Zenith" or the "Company") ... presented at the Company,s Annual and Special Meeting. ... take place on Thursday, December 15, 2016 at ... (Room EC1040), 4825 Mount Royal Gate SW, Calgary, ... of meeting and management information circular, containing the matters to ...
(Date:12/7/2016)... Dec. 7, 2016  Biocom, the association for the ... below following passage of 21 st Century Cures legislation ... 30 by a 392-26 vote and in the Senate on ... attributed to Joe Panetta , president & CEO of ... give hope to millions of patients around the world. The ...
(Date:12/7/2016)... Minn. , Dec. 7, 2016  Vyriad Inc. ... to the company,s Board of Directors. ... as we build our business and develop our oncolytic ... cancer therapy," said Stephen Russell , MD, PhD, ... Agnes , share our vision and passion for making ...
(Date:12/7/2016)...  Muse bio, a privately-held company leading the development ... Kevin Ness has been appointed Chief Executive ... Kevin succeeds Muse bio,s founding CEO ... Officer as well as remains Slade Professor, Chemical and ... at the RAS Energy Institute at the University of ...
Breaking Biology Technology:
(Date:12/7/2016)... According to a new market research report "Emotion Detection ... Voice Recognition), Service, Application Area, End User, And Region - Global Forecast to ... 6.72 Billion in 2016 to USD 36.07 Billion by 2021, at a Compound ... ... MarketsandMarkets Logo ...
(Date:12/7/2016)... --  Avanade is helping Williams Martini Racing, one ... exploit biometric data in order to critically analyse every ... edge against their rivals after their impressive, record-breaking pit ... worked with Williams during the 2016 season to capture ... breathing rate, temperature and peak acceleration) for key members ...
(Date:12/6/2016)... 2016  Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH) ... of €500.0 million principal amount of its 1.414% senior unsecured ... 2.425% senior unsecured notes due 2026. The ... 2016, subject to the satisfaction of customary closing conditions.  The ... The Company intends to use the net ...
Breaking Biology News(10 mins):