Navigation Links
Hepregen Corporation Receives SBIR Phase II Grant from the National Science Foundation and Presents Corporate Update at OneMed Forum
Date:1/13/2010

New Grant Adds to Hepregen’s Previous NIH Funding and Continued Development of the Company’s Platform for Advanced Toxicity Screening and Drug Discovery

San Francisco, CA and Medford, MA (Vocus) January 13, 2010 -- Hepregen Corporation, a leading provider of bioengineered solutions for drug development, announced today that it has received a Phase II SBIR grant from the National Science Foundation for $500,000. This latest award, in addition to the company’s receipt of a prestigious Challenge Grant from the National Institutes of Health (NIH), along with earlier grant awards, approaches $2.0M in federal funding.

Hepregen will also be a featured speaker this afternoon at OneMedForum, where CEO Bernadette (Bonnie) Fendrock will highlight the company’s successful progress since its Series A financing in 2008 from Battelle Ventures, as well as outline important milestones for 2010 and beyond.

The SBIR Phase II grant received from the National Science Foundation will support Hepregen’s project, "Development of a Human Liver Platform for High-Throughput Screening of Drug-Induced Liver Injury and Drug-Drug Interaction.” The project is currently being lead by Dr. Salman Khetani, co-developer of Hepregen’s platform technology and also Director of Research at the company. The grant, which initiates on January 15, 2010, as well as the previous Challenge grant from the NIH, will be contributors to the company’s growth as Hepregen continues to develop its proprietary HepatoPaC™ technology.    

Hepregen President and CEO Bonnie Fendrock, who cofounded the company, commented, “2009 was an exciting year at the company. With the Series A financing from Battelle Ventures in combination with our grant funding, Hepregen was able to execute on its business plan. Liver toxicity is a leading cause of preclinical failures of drugs, and we are working to validate that the unique HepatoPaC™ platform will enable pharmaceutical companies to improve predictivity, thereby reducing costs and clinical risks.”

Eighty percent of all drugs are metabolized or detoxified in the liver; therefore, the safety of drugs as they travel through the liver is of prime importance to the pharmaceutical industry. Hepregen is developing a unique, bioengineered microliver platform as a highly functional model of the liver in vivo. The potential of Hepregen’s HepatoPaCTM platform is to provide higher content data for faster, more-informed decision making, while offering significant value for the pharmaceutical industry.

CEO Bonnie Fendrock will be a featured speaker at the OneMedForum conference taking place on January 13-15, 2010 in San Francisco, CA. Ms. Fendrock will provide an overview of the company’s technology platform, update on company progress and key milestones for 2010.

Who: Bernadette C. Fendrock (Bonnie), President and CEO
What: OneMed Forum 2010 Emerging Company Finance Conference
Where: Sir Francis Drake Hotel, San Francisco, CA 94102
When: Wednesday, January 13, 2010 at 1:50 p.m. PST
Website: http://www.onemedplace.com/onemedforum/

About Hepregen Corporation
Hepregen’s mission is to translate the value of its technology platform to improve the safety and efficacy of drugs in development with greater economic efficiency and significant impact on patients’ lives. The company is focused on advancing and commercializing its microliver platform, HepatoPaCTM, into the drug-development pipeline of pharmaceutical and biotechnology companies. Hepregen’s platform technology offers the potential to deliver a breakthrough technology for toxicity screening and a new platform for drug discovery. It combines sophisticated biological and engineering technologies to create an in vitro liver model which closely mimics many key functions of the human liver. In 2008, Battelle Ventures spun out Hepregen Corporation from the Massachusetts Institute of Technology (MIT), and led the company’s Series A financing. For more information about Hepregen, please visit: http://www.hepregen.com/.

Contact:
Media:
Lisa Rivero                            
LaVoie Group
Office: 978-745-4200 x106
lrivero(at)lavoiegroup(dot)com
http://www.lavoiegroup.com

###

Read the full story at http://www.prweb.com/releases/2010/01/prweb3442094.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved  

Related medicine news :

1. United American Healthcare Corporation Announces Meeting Date and Record Date for Annual Meeting of Shareholders
2. Amerigroup Corporation to Discuss Fourth Quarter and 2009 Year-End Earnings on February 19
3. Providence Service Corporation Comments on Senate Health Care Reform
4. Triple-S Management Corporation to Present at J. P. Morgan Healthcare Conference
5. Service Corporation International Extends Offer for Keystone North America Inc.
6. Atrion Networking Corporation Selects Ruckus Wireless for Reliable as Wire Enterprise Wi-Fi Service
7. Corporations, Universities and State Governments Deploy Thomson Reuters Solution to Improve Employees Benefit Selection Process
8. China Cord Blood Corporation Announces Results for the Quarter and Six Months Ended September 30, 2009
9. New Board Gains Control of U.S. Shanghai Chemical Corporation
10. Centene Corporation to Provide 2010 Financial Guidance On January 8, 2010
11. American Diversified Holdings Corporation Announces Stem Cell Patent Acquisition Program
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Hepregen Corporation Receives SBIR Phase II Grant from the National Science Foundation and Presents Corporate Update  at OneMed Forum
(Date:5/22/2017)... ... May 22, 2017 , ... WeightZone Factor ... to empower WeightZone Factor members to track their exercise patterns, monitor behavioral changes, ... education, all on their mobile phones. It also provides social networks for members ...
(Date:5/21/2017)... ... May 20, 2017 , ... Pixel ... created specifically for use in Final Cut Pro X. The business-oriented elements and ... Pixel Film Studios’ ProParagraph Corporate will deliver a professional and distinguished look to ...
(Date:5/21/2017)... ... May 21, 2017 , ... Following the tragic and widely ... the first state to require that hospitals follow a protocol to quickly identify and ... community as to whether such steps would have saved Rory or anyone else’s life. ...
(Date:5/19/2017)... Mo (PRWEB) , ... May 19, 2017 , ... When ... May 20, his name will already appear on two major research studies that could ... been working with Dr. Matt Daggett, KCU alumnus and an orthopedic surgeon, alongside an ...
(Date:5/19/2017)... (PRWEB) , ... May 19, 2017 , ... ... containerization, today announced a sponsorship and speaking session at the 7th Annual ... the longest-running hosted enterprise mobility and digital transformation conference whose expressed purpose is ...
Breaking Medicine News(10 mins):
(Date:5/6/2017)...  May is Stroke Awareness Month and Omron Healthcare ... methods to prevent a stroke: monitor and manage your ... and Prevention, undetected and uncontrolled hypertension is a leading ... leader in personal heart health technology, recently evolved its ... and stroke and is advancing a national public education ...
(Date:5/4/2017)... -- Fortuna Fix Inc. (" Fortuna "), a private, clinical-stage ... the need for embryonic and fetal stem cells by using ... Fortuna announced today the launch of its ... MD, PhD; Father Kevin FitzGerald , S.J., PhD; Col. ... James Giordano , PhD. "We are excited and ...
(Date:5/4/2017)... May 4, 2017 Clarius Mobile Health, ... handheld ultrasound scanners this week at the American ... (ACOG) in San Diego, CA ... "Clarius is the perfect tool for clinicians to ... rate, and evaluate pregnancy-related complications like ectopic pregnancy ...
Breaking Medicine Technology: