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Alliance looks to create the right chemistry in SE Wisconsin

Milwaukee, Wis. On a day when the fledgling Biomedical Technology Alliance (BTA) took a major step from concept to reality, receiving $500,000 from the Wisconsin Dept. of Commerce and another $500,000 in matching grants, it was an anecdote from a chemistry professor that showed the promise for formalizing pathways for collaboration between academic researchers.

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Proceeds from the licensing agreement with Bristol-Myers Squibb will support further research into the drug compounds that Cook has discovered, potentially moving from the lab to commercialization. Cook and his team have isolated similar compounds that could one day be effective in the treatment of schizophrenia, alcoholism, epilepsy and Alzheimer's disease.

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As of Friday, the BTA had received requests for grants for over $2 million from 23 applicants, said Brian Thompson, a managing director for TechStar, which is a founding member of the BTA. The proposals came from over 50 researchers from MSOE, UWM, Marquette and the Medical College, with the majority of the proposals in the $50,000 to $100,000 range. Somewhere between 10 ......

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Source:wistechnology.com By John Rondy 03/29/06


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