Navigation Links
Texas Biotech Firms Receive More Than $35 Million in Federal Grants and Credits
Date:11/4/2010

AUSTIN, Texas, Nov. 4, 2010 /PRNewswire/ -- One-hundred seventeen Texas biotechnology companies were awarded more than $35 million in federal tax credits and grants yesterday as part of the Qualifying Therapeutic Discovery Project Tax Credit Program administered by the U.S. Department of the Treasury and the National Institutes of Health.

"The Therapeutic Discovery Credit has provided Texas Life Science companies the ability to continue to invest resources into their ongoing research and development activities," said Tom Kowalski, President of the Texas Healthcare and Bioscience Institute (THBI).  "This comes in the form of equipment and personnel.  This tax credit provides a much needed shot in the arm for Texas Life Science Companies to help them weather the tight credit markets."  

The announcement of the awards was made yesterday in Washington, D.C. by Secretary of the Treasury Tim Geithner and Secretary of Health and Human Services Kathleen Sebelius who were also joined by NIH Director Dr. Francis Collins to announce the recipients of the $1 billion in new therapeutic discovery project credits.

"These grants made possible by the Affordable Care Act will not only help to create jobs and bolster the economy but also bring us closer to the next generation of life-saving cures," said NIH Director Dr. Francis Collins.  "The projects funded show significant potential to create new therapies that will address unmet medical needs and bolster the medical countermeasure supply we use to respond to health emergencies."

A total of 2,923 companies specializing in biotechnology and medical research in 47 states and the District of Columbia received awards under the program.  In all, 4,606 applications from these nearly 3,000 companies were awarded funding.

The therapeutic discovery project program is targeted to projects that show significant potential to produce new therapies, address unmet medical needs, reduce
'/>"/>

SOURCE Texas Healthcare & Bioscience Institute
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Texas A&M chemical engineers work could lead to improved DNA analysis
2. Texas A&M veterinary researchers achieve cloning first
3. Texas Tech, U of Utah win Sandia microdevice competition
4. Texas Teen Opts for Stem Cell Therapy, Hopes of Enlisting in Military
5. $250,000 Awarded to Smartfield, Inc. of Lubbock, TX by the Texas Emerging Technology Fund
6. Texas-Based Consortium Announces Project GreenVax: A Groundbreaking Vaccine Manufacturing Research Program
7. UH Superconductivity Center Receives Texas Emerging Technology Fund Award
8. WaferGen Announces that University of Texas Southwestern Medical Center Demonstrates Utility of New SmartChip(TM) Nano-Dispenser with WaferGens SmartChip(TM) High-throughput Real-Time PCR System
9. Texas State University Prepares for Phase 2 Research on the Potential New Cancer and HIV Fighting ALKA-V6 Compound
10. SRA International Wins $16 Million Contract from Cancer Prevention and Research Institute of Texas
11. University of Texas Picosatellite to be launched from space shuttle to begin milestone mission
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/28/2014)... Grove, PA (PRWEB) August 28, 2014 ... and create a culture that will allow individuals to ... are becoming increasingly important for employers looking to compete ... science industries are embracing this trend, as the sector ... fabric of a company, which will have real results ...
(Date:8/28/2014)... , Aug. 28, 2014   SunTrust Robinson Humphrey ... industry veterans to its equity research team in ... ongoing expansion in equity research demonstrates our commitment ... insights to enhance their investment decision making," said ... STRH.  "We continue to make significant investments in ...
(Date:8/28/2014)... , Aug. 28, 2014  Armetheon, Inc. ... developing novel mid- to late-stage cardiovascular drug candidates, ... in its first round of financing. The Series ... and Hercules Bioventures with participation from investors that ... pharmaceutical executive, Dr. Larry Hsu , the ...
(Date:8/28/2014)... BELLINGHAM, Washington, USA (PRWEB) August 27, 2014 ... Colorado next month for SPIE Laser Damage 2014 ... on optical materials for high-power lasers will run 14-17 ... international society for optics and photonics . , The ... key for understanding laser damage to optical materials will ...
Breaking Biology Technology:Klein Hersh International Leads Philadelphia Area Life Science Industry in Company Culture 2Klein Hersh International Leads Philadelphia Area Life Science Industry in Company Culture 3SunTrust Robinson Humphrey Expands Equity Research in Healthcare and Energy 2SunTrust Robinson Humphrey Expands Equity Research in Healthcare and Energy 3Armetheon Completes $7.0 Million Series A Financing 2Armetheon Completes $7.0 Million Series A Financing 3Laser Damage to Draw Researchers, Engineers, Scientists to 46th Annual Conference 2Laser Damage to Draw Researchers, Engineers, Scientists to 46th Annual Conference 3
... Corporation , has built the supply chain industries ... radio frequency identification (RFID) laboratory designed to ... RFID Lab is enabling RedPrairie customers and prospects ... they prepare for RFID compliance. In addition, using ...
... Strategy supports plans for growth and strategic investments ... software and services company, today announced it has signed ... with Merchants and Manufacturers BanCorp (MMBC) , a ... of credit, from which no monies have been drawn, ...
... a Washington, DC, think tank slammed Wisconsins efforts at ... Madison could raise that score, according to the states ... Department of Administration (DOA) after the Department ... said the Center for Economic Development (CFED) ...
Cached Biology Technology:RedPrairie Builds RFID Lab - Enables Real-World Testing 2Wisconsin to Get Serious about E-Government 2Wisconsin to Get Serious about E-Government 3Wisconsin to Get Serious about E-Government 4
(Date:8/31/2014)... study of satellite data from the last 19 years reveals ... around the coast of Antarctica to rise by 2cm more ... University of Southampton detected the rapid rise in sea-level by ... a million square kilometres. , The melting of ... shelves has contributed an excess of around 350 gigatonnes of ...
(Date:8/31/2014)... Over the past several decades, malaria diagnosis has changed very ... technician smears the blood across a glass slide, stains it ... the Plasmodium parasite, which causes the disease. This approach gives ... blood an important measure of disease severity but ... , A research team from the Singapore-MIT Alliance for Research ...
(Date:8/29/2014)... Researchers at UC Davis have made some surprising ... infection. Studying simian immunodeficiency virus (SIV), the team ... Paneth cells are early responders to viral invasion ... producing a cytokine called interleukin-1 beta (IL-1β). ... IL-1β causes breakdown of the gut epithelium that ...
Breaking Biology News(10 mins):A new way to diagnose malaria 2A new way to diagnose malaria 3The early cost of HIV 2
... masked marauder has emerged unexpectedly from the ocean to rescue ... time. , With the dramatic flair of comic-book superhero Batman, ... choked to death by seaweed ?although the fish was never ... the ARC Centre of Excellence for Coral Reef Studies (CoECRS) ...
... have been little more than electronic versions of the ... of PLoS ONE, which publishes primary research from all ... peer review to maximize the impact of every report ... Library of Science (PLoS), the open access publisher whose ...
... substances that regulate neuronal signaling in the brain and ... engineering a mouse with a mutation affecting a neuronal ... zinc in modulating signaling among the neurons. Significantly, they ... to noise as children with the genetic disorder called ...
Cached Biology News:Batfish to the rescue! 2PLoS ONE is launched by the Public Library of Science 2PLoS ONE is launched by the Public Library of Science 3Zinc plays important role in brain circuitry 2
CD45/CD34 combination 50 tests...
14-3-3 tau Antibody Shipping Temperature: HOT Storage Temperature: -20C...
XPC Immunogen: XPC (NP_004619, 141 a.a. ~ 251 a.a) partial recombinant protein with GST tag. Storage: -20 C, Avoid Freeze/Thaw Cycles *Available for distribution in the US only...
Rabbit polyclonal to Lck (phospho Y192) ( Abpromise for all tested applications). entrezGeneID: 3932 SwissProtID: P06239...
Biology Products: