Navigation Links
Axial Biotech Meets Major Scientific Milestones; Receives $6 Million Tranche of Series B Financing
Date:3/17/2008

SALT LAKE CITY, March 17 /PRNewswire/ -- Axial Biotech, Inc., a company revolutionizing spine care through the development of molecular diagnostics and motion preserving technologies, announced today that it has met several major scientific milestones in its development of the first genetic prognostic test for Adolescent Idiopathic Scoliosis (AIS) and has closed a $6 million tranche of its Series B financing. The Series B financing was led by Johnson & Johnson Development Corporation, with participation by vSpring Capital and Ohio Biotech Group.

"These scientific milestones were extremely rigorous," said Kenneth Ward, M.D., the Chairman and Chief Scientific Officer of Axial Biotech. "They required our scientific team to analyze data from thousands of individuals and to confirm the identity of specific genetic markers that predict curve progression in early stage AIS with an extraordinary degree of accuracy, sensitivity, and specificity."

"I am very pleased about our team's accomplishments and for the continued support of our investors," said John M. Climaco, Axial Biotech's President and CEO. "For surgeons, patients, and their families, the significance of a genetic prognostic test for AIS, which can discriminate between progressive and non-progressive cases of the disease, is difficult to overestimate. It will positively impact the lives of thousands of children and should provide a springboard for the development of future scoliosis treatment options and may include the use of the company's motion preserving technologies."

"Axial Biotech's achievement of these very challenging milestones represents one of the largest steps in the company's efforts to bring important diagnostic tools to the orthopedic clinic," stated Dinesh Patel, Managing Director, vSpring Capital. "Our latest investment can be viewed as a clear vote of confidence, in the role that molecular diagnostics will play, in advancing the treatment of spinal disorders."


'/>"/>

SOURCE Axial Biotech, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related biology technology :

1. Oncolytics Biotech Inc. Collaborators to Present Reovirus Research at AACR Annual Meeting
2. Altogen Biosystems Launches Custom Biotechnology Research Services: Generation of Stable Cell Lines and RNAi Cell Transfection Services
3. Media Advisory - Oncolytics Biotech Inc. to Present at BioSquare 2008
4. A Communitys Fight to Preserve its Historical and Rural Culture in Virginia: Biotechnology CEO Gets Involved
5. Ortho Biotech Modifies Prescribing Information for PROCRIT(R) (Epoetin alfa)
6. Biotechnology Leader to Exhibit at Upcoming Trade Show
7. Oncolytics Biotech Inc. Reports Highlights and Financial Results for 2007
8. New Books on Best Practices in Biotechnology Business Development and Biotechnology Education
9. Tunnell Consulting Expands Biotechnology Expertise
10. Biotech Drops Amid Tough Markets in February
11. Genetic Engineering & Biotechnology News reports on advances in miRNA
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/30/2014)... 2014 With the accelerated aging ... health expenditure as well as the improved medical ... diagnostic reagent industry has been developing quickly, especially ... 2013, Chinese in vitro diagnostics market size reached ... in vitro diagnostic reagents. , Read complete ...
(Date:7/30/2014)... (PRWEB) July 30, 2014 BCC Research ... Global Markets for Enzymes in Industrial Applications , the ... to nearly $7.1 billion by 2018, registering a five-year ... is estimated to be recorded in the detergent enzyme ... period. , Enzyme technology has influenced almost every sector ...
(Date:7/30/2014)... AZ (PRWEB) July 30, 2014 ... State-of-the-art facility and complementary therapies brings comprehensive cancer ... foot, state-of-the-art Yuma Regional Cancer Center has officially ... 2012, the program includes services such as open, ... massage therapy, American Cancer Society Resource Center, hematology, ...
(Date:7/30/2014)... , July 30, 2014  Dyadic International, ... company whose patented and proprietary technologies are used ... other proteins for the bioenergy, bio-based chemical, biopharmaceutical ... of Thomas "Tom" Dubinski as Vice President and ... leading the financial and information technology operations for ...
Breaking Biology Technology:China Diagnostic Reagent Industry Report, 2013-2016 | Researchmoz 2China Diagnostic Reagent Industry Report, 2013-2016 | Researchmoz 3Global Market for Industrial Enzymes to Reach Nearly $7.1 Billion by 2018; Detergent Enzyme Market to Record Maximum Growth 2Global Market for Industrial Enzymes to Reach Nearly $7.1 Billion by 2018; Detergent Enzyme Market to Record Maximum Growth 3Sate-of-the-Art Yuma Regional Cancer Center Officially Opens 2Thomas Dubinski joins Dyadic as Chief Financial Officer 2Thomas Dubinski joins Dyadic as Chief Financial Officer 3Thomas Dubinski joins Dyadic as Chief Financial Officer 4
... Street Healthcare Partners , a strategic private equity firm ... Garrett has joined the firm as an operating partner. ... executive officer of Beckman Coulter, Inc., brings to Water ... care businesses ranging from diagnostics and life sciences to ...
... Fresh®, Inc., maker of the popular FireFly® children,s light-up ... raise awareness and funds for Smile Train, the world,s ... will donate $1 for every new "Like" on ... Train.  The organization provides life-changing surgery for poor children ...
... Gilliam, a famed Hollywood actor and former Golden Gloves ... line of nutritional products. Bubba, who once worked with ... Eastwood, Gene Wilder, Andy Griffith, Jeff Bridges, Hilary Swank, ... Fox, Willie Nelson and more, says, "I,ve never slept ...
Cached Biology Technology:Scott Garrett Joins Water Street Healthcare Partners 2Scott Garrett Joins Water Street Healthcare Partners 3FireFly® Toothbrush Facebook Campaign Raises Funds for Smile Train 2Terra Biotech Goes Hollywood with New Endorsement Burton 'Bubba' Gilliam 2
(Date:7/30/2014)... In a paper published online today in the journal ... Northeastern researchers Evan Kodra and Auroop Ganguly found that ... the variability in temperature extremes. For instance, while each ... those averages will also tend to fall within a ... than are currently being observed. This means that even ...
(Date:7/29/2014)... warms and sea ice retreats, the North is changing. ... open water which is predicted to extend across the ... Storms thus have the potential to create Arctic swell ... unpredictable element to the region. , A University of Washington ... middle of the Arctic Ocean, and detected house-sized waves ...
(Date:7/29/2014)... Research and Markets  has announced the ... Market 2014-2018" report to their offering. ... term BI refers to applications and technologies that are ... about a company,s operations. BI help organizations to acquire ... example, metrics on sales, production, and internal operations. ...
Breaking Biology News(10 mins):Big data confirms climate extremes are here to stay 2Huge waves measured for first time in Arctic Ocean 2Huge waves measured for first time in Arctic Ocean 3Global SaaS-based Business Intelligence (BI) Market 2014-2018 2
... turmeric packs more than just flavor it shows ... Curcumin, found in turmeric, stopped the potentially ... cells, says Aarthi Narayanan, lead investigator on the new ... Center for Biodefense and Infectious Diseases. Mosquito-borne Rift ...
... COLUMBUS, Ohio - Almost 41 percent of Ohioans have visited ... the past year, and of those, nearly one-half usually spend ... findings in a new report. These figures and other ... lakes and rivers, and particularly Lake Erie, as natural resources, ...
... tale of your family line. It carries the genetic history ... Tel Aviv University researcher, it,s also possible to use it ... Halperin of TAU,s Blavatnik School of Computer Science and Department ... researchers from University of California, Los Angeles, are giving new ...
Cached Biology News:Turmeric spices up virus study 2Turmeric spices up virus study 3Ohioans love their lakes, but are concerned for their future 2Ohioans love their lakes, but are concerned for their future 3Ohioans love their lakes, but are concerned for their future 4A GPS in your DNA 2
...
Antibodies were affinity purified using epitopes specific to QKI immobilized on solid support....
Acrylamide, 500 g. Assay: > 99.9%, acrylic acid: < 0.001%. Conductivity (35%): < 2 umhos/cm.Risks: 45, 46, 48, 23, 24, 25 ; Safety Precautions: 53, 44. Category: Nucleotides & Enzymes & Biochemicals...
Assay Diluent Trial Pack, 4 x 100 mL...
Biology Products: