Navigation Links
Biotech Firm Spun Off from Children's Hospital Raises $7 Million to Advance Magnetic-Based Vascular Treatment
Date:3/1/2012

PHILADELPHIA, March 1, 2012 /PRNewswire-USNewswire/ -- Vascular Magnetics, the first start-up company spun off by The Children's Hospital of Philadelphia, has raised $7 million to advance development of an innovative drug delivery system using magnetically targeted nanoparticles to treat peripheral artery disease.

Vascular Magnetics, based in West Philadelphia, announced that Devon Park Bioventures, of Wayne, Pa., is the sole investor in this Series A financing agreement.

"It's exciting to see that one of our hospital's research discoveries has attracted investors to move it toward commercial development," said Philip R. Johnson, M.D., chief scientific officer and executive vice president, The Children's Hospital of Philadelphia. "This work can have multiple benefits—directly to patients receiving a new treatment, and also to children whose lives will be improved by future research supported by revenue generated by this technology."

Vascular Magnetics was co-founded in 2010 by Robert J. Levy, M.D., William Rashkind Endowed Chair of Pediatric Cardiology at The Children's Hospital of Philadelphia, and Richard S. Woodward, Ph.D. Levy, whose extensive laboratory research forms the basis of the proprietary drug delivery system, is the firm's founding scientist. Woodward, who has a business background in nanotechnology and polymeric coatings, is the company's president and chief operating officer. Vascular Magnetics has an exclusive license to the  technology invented by Levy's cardiology research team at Children's Hospital.

Levy and Woodward were brought together through the University City Science Center's QED Proof-of-Concept Funding Program, the nation's first multi-institutional proof-of-concept program for life sciences technologies. That program partners academic scientists with business advisors to help realize the commercial potential of promising biological research.

The drug delivery system at the heart of the
'/>"/>

SOURCE The Children's Hospital of Philadelphia
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Global Biotechnology Industry
2. Wake Forest Baptist Medical Center Unveils Historic World-Class Biotech Research & Innovation Center in Downtown Winston-Salems Growing Piedmont Triad Research Park
3. JumpStart Invests $250,000 in Milo Biotechnology
4. Marina Biotech, Inc. Joins OTCQX
5. ConnectBiotech.org Launched, a Unique Life Science Business Networking Site
6. Neuralstem President and CEO to Update Ongoing ALS and NSI-189/Major Depressive Disorder Trials at 2012 Biotech Showcase
7. Chembio Presenting at Biotech Conference
8. Selexis SA to Present at Biotech Showcase 2012
9. Saladax Biomedical, Inc. to Present at Biotech Showcase™ 2012
10. SuperNova Diagnostics® to Present at Biotech Showcase™ 2012 During JP Morgan Healthcare Conference January 9 - 12
11. Metamark Genetics Signs Collaboration Agreement on Novel Therapeutic Targets with Janssen Biotech
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/23/2015)... Portal Solutions , a technology consulting firm ... Office 365 and SharePoint platforms , today announces its inclusion ... one of the region’s fastest-growing mid-sized companies based on a ... “To be recognized a second year in a row by ...
(Date:1/22/2015)... 2015 GEA Niro Soavi the leader ... homogenizer, the PandaPLUS 2000, which is ideal for new ... cell disruption . This compact laboratory homogenizer is ... liquid food, food additives and ingredients as well as ...
(Date:1/22/2015)... Johnston, RI (PRWEB) January 22, 2015 ... State , The growing team of brand-neutral, independent consultants, ... CIO Philip Rogers explained that over the years, his ... including , Moroso, Town of Plainfield, as well as ...
(Date:1/22/2015)... Dr. Greg Leyer of UAS Labs recently ... Supplements Pre-Conference seminar on probiotics in San Diego, CA. ... education conference for health care professionals. This year’s pre-conference seminar ... probiotics in health. Dr. Leyer spoke about the emerging topics ...
Breaking Biology Technology:Washington SmartCEO Announces Portal Solutions as 2015 Future 50 Award Winner Second Year in a Row 2Washington SmartCEO Announces Portal Solutions as 2015 Future 50 Award Winner Second Year in a Row 3GEA Niro Soavi Announces the PandaPLUS 2000 Homogenizer for Processing New Applications for Nanoemulsions and Cell Disruption 2Protocol Networks Brings Independent Technology Consulting to the Constitution State 2
... Madison, Wis. - The 2006 winner of the ... first identity theft product, and has an aggressive plan that ... after two years. , ,This probably sounds like sheer fantasy ... cash flow, but consider the total market of 660 ...
... team of advisors can help an entrepreneur make a high-growth ... corporate attorney, I know that finding advisors who are a ... can be challenging for entrepreneurs. , ,In a discussion moderated ... firm Michael Best & Friedrich , I was eager ...
... to the end). The online retailing tango is in full ... the Internet changes everything. , ,We've heard this for ... of these changes (both good and bad) in the ways ... or buy and sell goods and services. For retailers and ...
Cached Biology Technology:Identity theft start up has fast-track growth plans 2Identity theft start up has fast-track growth plans 3Tapping the value of entrepreneurial advisors 2Tapping the value of entrepreneurial advisors 3Online retailing "tango" is adding some steps 2Online retailing "tango" is adding some steps 3Online retailing "tango" is adding some steps 4Online retailing "tango" is adding some steps 5Online retailing "tango" is adding some steps 6
(Date:12/17/2014)...  HITLAB SM announced today its completion of a ... to current U.S. Food and Drug Administration (FDA) regulations. ... and smart phone application trials utilizing the highest principles ... is determined to improve global healthcare access, quality, and ...
(Date:12/11/2014)... 2014 Research and Markets , ... has announced the addition of the "Biometrics Market ... One major trend emerging in this ... technology, it is important to upgrade biometric solutions to ...
(Date:12/10/2014)... , Dec. 9, 2014  Valencell, a leader in ... seeing a staggering demand from its licensees for highly ... revealed, is not solely coming from fitness and health ... "A wearable is only as useful as ...
Breaking Biology News(10 mins):HITLAB Completes GCP Audit for FDA Smart Device & App Compliance 2Biometrics Market in the APAC Region 2015-2019: Key Vendors are 3M Cogent, NEC, Safran and Suprema 2Wearable Technology Products Demand Highly Accurate Biometric Technology 2
... aren,t made of actin filaments. But their assembly is crucial ... researchers think helps to lay down memories. In the July ... ( www.jcb.org ), Rex et al. reveal that LTP,s ... different pathways, a discovery that helps explain why it is ...
... Scientists have shown that E. coli one ... remains an enigma that may hold the key to human ... Biotechnology and Biological Sciences Research Council (BBSRC) and based at the ... of the laboratory and spotted three previously unknown genes that, it ...
... televisions could be recycled and used in medicine, according to ... The chemical compound polyvinyl-alcohol (PVA) is widely used in industry ... crystal display (LCD) technology. When these sets are thrown away, ... sites. Researchers have now found a way of recovering ...
Cached Biology News:Building memories with actin 2Mystery E. coli genes essential for survival of many species 2
... the most complete and professional software for ... and subsets makes it is possible to ... outputs, for example Cy3 and Cy5, standard ... different subsets of genes and/or arrays. Also ...
...
...
... Antiinflammatory, cytostatic and anti-viral agent. Inhibits several ... and tube formation of HUVEC cells. Also reduces ... expression and IL-8 release of endothelial cells. ... 18 H 16 O 8 MolWeight: ...
Biology Products: