arily pleased to have these discoveries so rapidly and substantially supported as they are translated into valuable diagnostics, said John Puziss, Director of Technology Licensing for Yales Office of Cooperative Research. We also want to thank the Sackler Fund for the Arts and Sciences and Raymond and Beverly Sackler, long standing supporters of medical research and the Yale School of Medicine, for the grant that funded this landmark research and the Verto Institute founded and directed by Jonathan and Richard Sackler that continues to fund Dr. Hohs projects in ophthalmology and other diseases.
Colin J. Foster, Optherions President and CEO, said, We are embarking on a program that exploits a new and exciting area of research with breakthrough potential in areas of high unmet medical need. Foster is the former CEO of Bayer Pharmaceuticals in the U.S. and Region Head for Bayer Pharmaceuticals in North America.
Among the sources of capital for the financing are: Quaker BioVentures, Philadelphia; Domain Associates, Princeton, NJ and San Diego; Johnson & Johnson Development Corporation, New Brunswick, NJ; Purdue Pharmaceutical Products L.P., Stamford, CT; Pappas Ventures, Research Triangle Park, NC; Biogen Idec New Ventures, Cambridge, MA and GE Healthcare Financial Services, Chicago, IL.
The successful completion of this Series A financing will enable the company to advance the work of Dr. Hageman, Dr. Hoh and others, and hopefully transform the diagnosis and treatment of dry age-related macular degeneration, said David Scheer, Chairman of the Optherion Board of Directors.
Page: 1 2 Related medicine news :1
. Drug May Make Breathing Easier for Millions
. Hundred million dollar gift for malaria institute3
. George Bush pledges 200 million dollars for AIDS relief4
. Hope for 11 million children facing death from illnesses5
. The forgotten epidemic killing millions6
. WHO and UNAIDS unveil plan to get 3 million AIDS patients on treatment by 2005 7
. Over Six Million HIV Infected People In South Africa- Finds A Survey 8
. Tanzanian Government Sanctions $20 Million For AIDS Arug9
. Grant of $7 million for Orissa Medical College from Japan10
. Merck to pay $ 253.5 million to Vioxx victim family11
. GlaxoSmithKline to Supply United States with 8 Million flu vaccine, Fluarix