PLSG Invests More Than $.5 million in Three Companies
PITTSBURGH, Sept. 11 /PRNewswire/ -- The Pittsburgh Life Sciences Greenhouse (PLSG), the private/public partnership putting the region's life sciences industry on a fast track for growth, announced that the PLSG has invested a total of $570,000 in three companies; Biosafe, Inc., MedRespond, LLC, and Blue Belt Technologies.
"We are very excited to be able to continue seeding our region's growing life sciences technologies," said John W. Manzetti, PLSG's President and CEO. Mr. Manzetti continued, "The PLSG Concept to Commercialization(TM) model and our deep understanding of the process, challenges and economic potential of life sciences innovations allows us to move our regional technologies into the marketplace. We are happy to add MedRespond as a new PLSG investment portfolio company and we are also pleased to continue our support of the Biosafe and Blue Belt with follow-on investments. The investments we have made over the last 2 months have totaled $1.7 million."
The PLSG's $150,000 investment in Biosafe will help with the completion of three new development projects aimed at introducing new products to market: antimicrobial glass fillers for plastics; antimicrobial wipes or spray for health care facilities and preliminary data for therapeutic applications: anti-HIV gel and wound healing. Biosafe's antimicrobial HM-4100 provides peace-of-mind protection and real world product defense against threatening microorganisms. Bacteria, fungi (mold and mildew), yeast, viruses and algae will not grow or live on a HM-4100 treated surface. It is designed to dovetail directly into many common manufacturing processes such as plastic molding, liquid formulating, spray finishing and metal coating for permanent protection.
The PLSG's $200,000 investment in Blue Belt Technologies will enable
the company to continue development of its Precision Freehand Sculpting(TM)
(PFS) system, a solutio
|SOURCE The Pittsburgh Life Sciences Greenhouse|
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