Navigation Links
Larta Institute NIH Success Stories Featured in 2011 California Biomedical Industry Report
Date:2/14/2011

LOS ANGELES, Feb. 14, 2011 /PRNewswire/ -- A report on the California biomedical industry published last week by the California Healthcare Institute (CHI) highlights success stories from Larta Institute, a consulting firm that helps government-funded emerging entrepreneurs bring their technologies from lab to market.

According to CHI's 2011 California Biomedical Industry Report, the industry has become a growing force in the past few years in the state, despite the overall decline in the economy. Much of the industry growth can be attributed to the emergence of new biomedical ventures, as well as government funds supporting California's life sciences companies. In 2010, this resulted in the development of 876 products in California alone, making up 12% of the total worldwide biopharmaceutical product development pipeline.

The report features five successful California companies that have participated in the Larta-managed National Institutes of Health Commercialization Assistance Program (NIH-CAP): a 10-month mentoring and partnering-oriented effort geared to accelerate the commercial and market readiness of award-winning life science companies supported by NIH institutes across a variety of health care areas. One success story includes the San Francisco biomedical company, Wave 80 BioSciences. In 2007, this company developed a handheld diagnostic device for malaria, and is currently working on a similar technology to detect HIV in newborns. Wave 80 participated in Larta's NIH-CAP, and upon completion, was awarded a $7.5 million contract by the National Institute of Allergy and Infectious Diseases.

Larta has mentored more than 700 NIH-funded companies since the organization began managing the NIH-CAP in 2004. Larta has also assisted 105 NIH-CAP companies raise over $397 million in capital, and has had 10 acquisitions result from the program. Larta's commercialization programs are designed to support early stage entrepreneurs and drive entrepreneurship across the nation. In addition to NIH, Larta also partners with the National Science Foundation (NSF), U.S. Department of Agriculture (USDA) and Department of Energy (DOE).

About Larta Institute

Larta is a professional services firm that helps turn government-funded innovations into enterprises. Our clients range from federal agencies in the U.S. to governments and regional authorities across the globe. We increase the market and investor readiness of emerging entrepreneurs supported by these institutions. Larta has over 17 years of experience designing and managing customized mentoring programs to help innovators reach commercial markets. We credit our proven track record of success to our unrivaled expertise and extensive global network of subject-matter experts, seasoned entrepreneurs, investors, and Fortune 1000 companies. Since 1993, we have assisted hundreds of entrepreneurs to raise over $1.5 billion in capital.Media ContactRebecca Lauber
Programs and Business Development Associate
rlauber@larta.org
213.538.1445This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution at http://www.ereleases.com.


'/>"/>
SOURCE Larta Institute
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Repair Stem Cell Institute Announces Industrys First Standards of Excellence for Global Stem Cell Treatment Centers to Protect Patients from Less-than-Competent Therapeutics
2. BN ImmunoTherapeutics Announces Partnership With National Cancer Institute
3. Rosetta Genomics and the National Institute of Health (NIH) to Identify Potential MicroRNA Drug Targets for HIV
4. Cyntellect to Collaborate With the Burnham Institute for Medical Research
5. Memory Pharmaceuticals Closes Final Tranche of Equity Financing with The Stanley Medical Research Institute
6. The National Cancer Institute Joins the Global Community of Scientists Now Using BIOMARKERcenter From Thomson Reuters
7. Stem Cell Profits Five Years Away, Says Repair Stem Cell Institute Chairman to The Wall Street Transcript
8. Pressure BioSciences, Inc. Announces Research Agreement With the US Army Medical Research Institute of Infectious Diseases (USAMRIID)
9. Epeius Biotechnologies Lead Product, Rexin-G for Metastatic Cancer, Aptly Highlighted by National Cancer Institute Journal
10. Annual List of Best Doctors in Dallas Showcases Texas Institute for Surgery Physicians
11. LifeModeler, Inc. Provides $400,000 Grant to InMotion Musculoskeletal Institute
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2017)... ... May 23, 2017 , ... Genedata, a leading provider ... the occasion with a strong presence at Bio-IT World Conference & Expo 2017 ... an invitation to all attendees to view posters on the entire range ...
(Date:5/23/2017)... , ... May 23, 2017 , ... ... as Vice President of Clinical Operations. She brings years of expertise in ... Therapeutics. From her professional foundation as a licensed occupational therapist, through a variety ...
(Date:5/22/2017)... (PRWEB) , ... May 22, 2017 , ... ... joined with other leaders of the Maryland Biohealth community in developing and issuing ... recognized Top 3 U.S. BioHealth Innovation Hub by 2023. , ...
(Date:5/19/2017)... ... May 19, 2017 , ... The University City ... with technologies ripe for commercialization, and who are affiliated with the 21 partner ... submit proposals. QED, now in its tenth round, is the first multi-institutional proof-of-concept ...
Breaking Biology Technology:
(Date:4/6/2017)... -- Forecasts by Product Type (EAC), Biometrics, ... (Transportation & Logistics, Government & Public Sector, Utilities / ... Facility, Nuclear Power), Industrial, Retail, Business Organisation (BFSI), Hospitality ... looking for a definitive report on the $27.9bn Access ... ...
(Date:4/5/2017)... 5, 2017 Today HYPR Corp. , ... server component of the HYPR platform is officially ... end-to-end security architecture that empowers biometric authentication across Fortune ... already secured over 15 million users across the financial ... connected home product suites and physical access represent a ...
(Date:4/4/2017)... 4, 2017   EyeLock LLC , a leader ... United States Patent and Trademark Office (USPTO) has issued ... linking of an iris image with a face image ... the company,s 45 th issued patent. ... timely given the multi-modal biometric capabilities that have recently ...
Breaking Biology News(10 mins):