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Advanced Life Sciences to Hit the Road For $30 Million in Funding

After 16 years in the field and navigating at the helm of several companies, Michael Flavin, CEO of Advanced Life Sciences (which is located in Woodridge, Ill. across from Argonne National Laboratory), sees a current opportunity to fund and advance his drug discovery company.

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As a former Baxter employee, Flavin licensed ALS 886 from Baxter. The compound is designed to combat acute lung injury associated with infection. The well-known SARS virus often causes exactly that.

While this drug wouldnt block viruses like SARS, Flavin says the goal with ALS 886 is to block the lung tissue damage caused b......

Full article >>> would rather partner than compete if someone else was developing a similar product.

Flavin says Advanced Life Sciences always tries to identify promising drug compounds early on through licensing and other opportunities and then develop them through pre-clinical and animal testing. After Phase II, he says Advanced Life Sciences will partner with larger pharmaceutical companies for tract......

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Adam Fendelman is Editor-in-Chief of ePrairie.com and specializes in telecommunications in the Chicago area. He can be emailed at adam@eprairie.com. This article has been syndicated on the Wisconsin Technology Network courtesy of
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Source:wistechnology.com By Adam Fendelman 03/01/03


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