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

ts 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.

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