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Sirnaomics Received Multiple Government Fundings For Its Multi-Targeted siRNA Therapeutics Programs
Date:12/26/2007

erapeutics. The company is dedicated to becoming the leader in the field of RNAi technology by spearheading into the targeted therapeutics market. The company's partnership with big pharmas and major biotech companies, along with government funding and venture capital financing, will strengthen its financial resources to accelerate the development of the technology platforms and siRNA therapeutic products. The strong ties with biopharmaceutical communities in Asia (China) allow the company to speed up its pre-clinical and clinical processes for novel siRNA therapeutic development with low cost. The company's proprietary "Tri-Blocker" technology for multi-targeted siRNA cocktail design and "Snano" series of nanoparticle delivery systems enable its advanced RNAi therapeutic programs for treatment of various critical human conditions including aging diseases, infectious diseases and cancer. The leading product, STP601, a multi-targeted siRNA cocktail therapeutics for treatment of ocular neovascularization such as AMD, PDR and HSK, is expected to be in clinic in 2008, in addition to an enriched product pipeline of siRNA therapeutics. Since the summer of 2007, Sirnaomics has received a number of angel investments related to the State of Maryland Tax Credit Programs for Biotechnology Investment. The company has also received the TGP grant from Montgomery County and has recently been awarded a two-year MIPS grant jointly with Professor James Mixson of University of Maryland. In addition, the company has also received an investment from the State of Maryland DBED Challenge Investment Fund.

"The Governmental fundings play the critical role in Sirnaomics early stage financing," said the founder, President and CEO of the company, Dr. Patrick Y. Lu. "It not only supplies initial fuel for us to take off, but more importantly provides solid foundation for our staged financing strategy, to ensure the long term health of the company's financial structure." Dr. Lu further emp
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SOURCE Sirnaomics, Inc.
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